The Ralph s Market Essay - 908 Words

Introduction On Sunday, October 11, 2015, I took a trip to the Ralph s market in La Canada Flintridge. Ralph s have hundreds of locations throughout the United States. A single Ralph’s Market contain various products ranging from organic produce to different alcoholic beverages. Background Before I went to the Ralph s Market, I had to decide what I want to know by taking this trip. One of the thing that came to my mind was to find out if organic food is still a growing trend. I planned to accomplish this by asking different customers if they liked or disliked organic foods. The Trip I arrived at the La Canada Ralphs around 10:30 am and decided to walk around a little bit before I start interviewing customers. I wanted to see how the Ralphs organized their store and if there is hidden meaning behind the choices they made. Every Ralphs is a little bit different depending on the community it is in. However, the one thing that concerned me the most was the product arrangement. Markets similar to Ralphs, do not have a specific section for organic food products. It is mixed on the shelf next to the inorganic products. This made it difficult to find organic foods and products. After I figured the store layout, I decided to stand in a few aisles to see what customers like to pick out. After they picked their products, I approached them and asked if it is okay for me to ask them a few questions about their product choices. Customer #1 The first customer I talked to was a singleShow MoreRelatedA Short Note On Marketing And International Consumer1710 Words   |  7 PagesCountry and Market 3 Internal Analysis 4 Strengths 4 Weaknesses 4 External Analysis 6 Opportunity 6 Threat 6 References 8 Appendix 10  Introduction Ralph Lauren is an American publicly trading company which markets and sells luxury apparel, accessories, fragrances, and home furnishings worldwide. It was founded in the year 1967 by Ralph Lauren. The company also has various sub brands such as Polo by Ralph Lauren, Ralph Lauren Purple, and Ralph Lauren Black to name a few (Reuters, 2016). Ralph LaurenRead MoreCorporate Level Strategy : Ralph Lauren s Reputation And Distinctive Image1046 Words   |  5 PagesCorporate Level Strategy For 50 years, Ralph Lauren s reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. However, in 2015, they reported a 5.3% drop in revenue from June 2014 to June 2015 (O Brien, 2015), and since then, the shares began a downward trend. To better understand their declining performance, the company then launched an internal review of their operations and determined that the main reasons forRead MoreHow the Polo Ralph Lauren Brand Has Achieved Such High Success1549 Words   |  7 PagesPolo Ralph Lauren the brand has become one of successful brand in America and across the world, as a well-known player in the design and lifestyle industry, under bender Polo Ralph Lauren collection of product range from reasonably inexpensive to expensive brand in men’s, women’s and children wear, accessories, perfumes and home furnishings. Widely seen as the number one brand that symbolize the American Style, Polo Ralph Lauren has implemented to its marketing strategy, which has leaded they toRead MoreRalph Lauren1612 Words   |  7 PagesRalph Lauren Fashion Designer Ralph Lauren has become the epitome of classic fashion. Ralph Lauren (born Ralph Lifschitz on October 14, 1939) is an American fashion designer and business executive. The first image-maker, according to New York magazine, Lauren is one of the fashion industrys biggest hitters. But Lauren studied business science and served his time in the army before breaking into fashion. Born and raised in the Bronx, New York, by his parents who had emigrated from Belarus. HeRead MoreFinancial Analysis for Ralph Lauren Corporation Essay example1385 Words   |  6 PagesAbstract Ralph Lauren Corporation (NYSE:RL) is well known in the apparel clothing field. The corporation engages in the design, marketing and distribution of lifestyle product. This analysis paper will illustrate the current financial situation and forecast the future free cash flow based on the previous financial statement and financial data collected. These information and forecast are served for the potential investor to have a general understanding of RL Corporation and make the right choiceRead MoreLord Of The Flies By William Golding1022 Words   |  5 Pagesadults, fending for their lives. Ralph steps up after being elected leader, but Jack declares himself the leader of the hunting tribe and ends up recruiting most of the boys to transfer into his group using paranoia and abuse. Throughout the book, the boys lose their grip on humanity, civilization, and morality leading to deaths of some of the boys and the struggle to keep a democratic society to survive the island until rescue. Si milarities can be seen between Ralph and Roosevelt as well as betweenRead MoreThe Culture Of Indonesia And The American And European Countries1354 Words   |  6 PagesAmerican and European countries. Indonesia is a Muslim country that involves of three main races, Chinese, Indian and Malay. The clothing s that are sold in the country is more conservative compare to American and Europe countries. How do the American companies can enter the Asian Market? Firstly, they need to know the trade barriers when entering the market because they need to see whether or not the company is financially stable and they need to understand the different culture that they wouldRead MoreProhibition Of The Former Flint Brewery Building1138 Words   |  5 PagesRalph sits in the Pere Marquette rail depot in Flint, fidgeting with the lose button on his overcoat, and looking down at his shabby brown shoes. The morning sun is low and catches dust in its light as it shines through the windows. His eyes dart to the door every time it opens. He is expecting a cop to walk in at any moment. He is getting desperate and would look suspicious if it wasn’t for his overall gentle appearance. He gets up and checks the time tables for the fourth time and debates if heRead MoreThe Success Of Luxury Brands1137 Words   |  5 PagesLuxury brands should be able to effectively create some emotional connec tion with its customers and should not strive to please mass markets, but specifically to only those customers whose beliefs align with the brands. Beliefs go further to establish a connection than just brand values; they are more specific and consequently lead to higher diversification (Keller et al, 2008). Ferrari provides a good example of this. An Italian luxury sports car manufacturing company, according to Brand FinanceRead MoreService Innovation Proposal1428 Words   |  6 Pagessocial media to get us through the day. However, some companies can provide landscaping ideas along with service to a customer lawn and the Internet to achieve a purpose of providing service for consumers. When an organization use service innovation, market analysis through graphs, flowcharts, cultural awareness, trends, research, interviews and surveys are important to determine what people desire and how a company can assist people with easier, more efficient and easier service. With the Internet

How to Choose Overpopulation Cause and Effect Essay Topic

When the country population reaches its highest level possible, a lot of problems immediately appear. In case the population growth exceeds all reasonable limits, serious consequences will be follow and some of them you may describe in your overpopulation cause and effect essay. *Overpopulation that goes hand in hand with poverty†¦ Poverty is a natural result of overpopulation. In fact, poverty turns to be both a cause and an effect of the population growth. One of the best examples of population growth consequences is India, where more than 25% of people live far below the poverty line. They lack shelters, clothes and food. Thus, a rapid growth of population causes mass poverty in the modern society. *Overpopulation Under- or Unemployment Not only people are to be provided with food and shelters, but they’re also in need of well-paid jobs. But the point is that it is a really tough task to create new jobs. There is already a great percentage of unemployment that goes together with the underemployment. More than 6 million individuals who approach the working age immediately become job seekers. All job opportunities provided in the course of the famous Five Year Plans do not satisfy the job demand. As a result, the percentage of the people who stay unemployed increases and brings a wide range of society problems. *Overpopulation in tandem with famine The population that is rapidly growing has already led to the shortage of food. Although the agricultural system develops quickly, there are millions of people who still do not have an opportunity to get even the minimum necessary amount of food. Make sure to mention the fact that although modern society has already reached self-sufficiency in the field of food production not all the people have access to the sufficient amount of food needed to support their health. *Overpopulation reflected by the standards of living The standard of living represents the way people tend to live. It shows the quality and quantity of modern consumption. As a result of rapid growth of the world population, the standard of living has been negatively affected. *Overpopulation that slows the world economic development Economic development tends to be slower in the regions where population is growing faster. The absence of savings slows down capital formation dramatically, which influences the overall situation in turn. Lack of capital, eventually, has contributed to the slow growth in different segments of economy. A careful and detailed study of the causes and effects of overpopulation leads to logical essay conclusions. Make sure to mention that we have no opportunity to remove the world population or just bring it to the most optimum level. Conclude your essay with the thought that what we’re able to do is just to keep it under certain control.

Happiness Vs Happiness - 1669 Words

Happiness is something that we strive for in our lives and expect to have in our futures. I don’t know a person out there that would openly choose to be unhappy for their entire lives. We all know we want to be happy and that we want it in our future, but we have never really opened up to the idea of specifically how we were going to be happy. Is there a structural way to find happiness or does happiness find you? Keeping in mind that everyone is different and we all live different lives it’s impossible to create one direct way of finding happiness. Where one way of finding happiness can work for me it won’t work for you. While finding happiness is different for everyone there are similarities in the search for happiness. We find ourselves†¦show more content†¦Using this as a basis for what she is wanting she created a chart of 12 resolutions to follow on the road to happiness. It would be nice if finding happiness was just as easy as following a chart f or an extended period of time, but it isn’t. Happiness is an emotion that relies heavily on your mental state. If you think negatively you will feel negatively, so to counter that Rubin made two lists to help her follow through with her resolutions and allow her to focus on being positive. She created the Twelve Commandments and the Secrets of Adulthood. January marked the start of the happiness project and the very first resolution she made. Like a lot of people Rubin had made New Year’s resolutions before and never kept them. To increase her chances of keeping her 12 resolutions alive, unlike all the gym memberships that collect dust, she made her first resolution energy. Energy and happiness go hand in hand. When you have more energy you will be happier and when you are happier you have more energy. To maximize energy levels Rubin worked both physically and mentally. Rubin went to physical energy first beginning with going to bed earlier. Almost immediately she saw improvements. She was more energetic and cheerful. Keeping with physical she started working out. There is evidence showing that exercising will lead to being healthier, thinking clearly and have better sleep. I honestly think that that is correct, but if IShow MoreRelatedEssay on American vs Asian Happiness847 Words   |  4 PagesAmerican /vs/ Asian View on Happiness Sandra Branco 9044618802 PSY/220 January 28, 2013 Jeana Esler View on Happiness View on Happiness Americans associate feelings of happiness with personal achievement, the Asian associate those feelings with an entire society’s harmony. Asian people feel emotion less often than Americans. Asians tended to rate their emotional events as more neutral than Americans rated theirs. Overall, Americans were more likely to see theirRead MoreAristotle Vs. Mill : The Debate On Happiness1750 Words   |  7 PagesThe Debate On Happiness Is there really one definition for what it means to be truly happy? A simple joy such as a piece of candy may bring happiness to one; whereas something much larger might be the determining factor for another’s happiness. The definition of happiness is one of the most debated questions among many different philosophers and people through out the ages. Aristotle and John Stuart Mill are two philosophers who had similar ideas regarding the definition of happiness, but argued differentRead MoreGross Domestic Happiness vs. Gdp2948 Words   |  12 PagesGross Domestic Happiness: What Is the Relationship between Money and Well-being?: Knowledge@Wharton (http://knowledge.wharton.upenn.edu/article.cfm?articleid=2675) Gross Domestic Happiness: What Is the Relationship between Money and Well-being? Published : January 19, 2011 in Knowledge@Wharton Most of us have seen the bumper sticker: Anyone who says money can t buy happiness just doesn t know where to shop. It s an amusing sentiment, but it provokes an important question: What exactlyRead MoreMoney Vs. Happiness : Is It Possible For Money?942 Words   |  4 Pages Money vs. Happiness Is it possible for money to buy happiness in life? Is work worth every second that you cannot spend with family? People in today’s world must either make a choice between the two, money or happiness, or find a happy medium. Should lives be wasted on material items when there is much more to life, such as faith, love, family, and health? Faith brings people security and hope for the future, allowing happiness into people’s lives. â€Å"Faith takes strength, and it makes strengthRead MoreAristotle vs Platos View on Happiness Essay1773 Words   |  8 Pagespeople try to define and consider different definitions of what happiness is, and I think that Plato and Aristotle offer interesting views of happiness and what it means for one to live a good life. Both philosophers agree that happiness is an important factor in one’s life and essentially the essence of how to live a good life. Plato offers many theories and definitions of justice leading to happiness, while Aristotle argues that happiness is the main goal that all humans aim for in their entire lifeRead MoreHappiness Vs Happiness1866 Words   |  8 PagesHappiness is a state of being that depends on the subjective perception of the individuals. That subjectivity in perception makes happiness an abstract state of mind which is easily influenced thr ough basic peripheral pleasures. Pleasure may be instant or prospective in nature, but the emotion that is derived out of that pleasure is what makes one happy. Happiness may be a goal that is set by a person to be achieved or it may be the feeling that comes after he/she achieves a target. Most of the timesRead MoreHappiness Vs Happiness Essay1067 Words   |  5 Pagesthe consideration of the age-old battle between desire and contentment. This concept is based off this question: If you’re always searching for more, what makes you think that you’ll ever find true happiness? The societies now are built upon a hunger of getting more and more to help achieve happiness in one’s life. Therefore, if one is always surrounded by the negative atmosphere created by this idea, they will surely develop a corrupt mind. This is a problem occurring in people’s everyday livesRead MoreKiller Cultures: Discovering the Effects of Culture on Ones Personal Happiness921 Word s   |  4 Pagespersonal happiness and well-being. I. TS#1: During her four months spent in Italy, Gilbert explored the impact of food on one’s health and overall happiness. A. Detail 1: Healthy food/diet will increase happiness B. Detail 2: Ingredients in traditional Italian foods are mood boosters C. Detail 3: Depression rates in Italy vs. America II. TS#2: After leaving Italy, Elizabeth traveled to India, researching the effects of prayer and religion. A. Detail 1: Effects of religion on happiness B. DetailRead MoreLove. Loves Is A Four Letter Word With A Lot Of Significance.1304 Words   |  6 Pagessimply begin from one day to another. Love is a necessity that starts with one-self, within each person. Self-love is very important not just for that individual but for everyone around. Love has the capability to bring such a simple feeling as happiness. Love is the key to striving and living a vigorous life, self-love is included as well. Many see self-love as â€Å"selfish and narcissistic† (Kipp). Its is not selfish nor narcissistic, it is something that is to be valued within a person for the courageRead MoreCan Money Buy Happiness?948 Words   |  4 PagesHappiness can stem from many different emotions, accomplishments and you’re overall well-being, but what has been debated for years is can money buy you happiness? It can buy you material items and even a way to see the world if desired however, true happiness cannot be bought by the dollar as this version of â€Å"happiness† is temporary. In today’s society there is no level of satisfaction as we are constantly innovating and getting newer and better in short periods of time. In the article â€Å"Can Money

The Theory Of The Soul And Body - 944 Words

To Socrates, â€Å"the one aim of those who practice philosophy in the proper manner is to practice for dying and death† (Phaedo, 64a). One’s soul is the key to knowledge, but the body tends to bring the soul down. In order to strive for that knowledge, the body must be separated from the soul. Socrates believed that part of accomplishing this, one must concentrate on the well-being of their soul and work on being self-aware. To him, most people didn’t have this ability, hence the reason why he said â€Å"those who practice philosophy in the proper manner† (Phaedo, 64a). During Socrates last few hours before his death, he had a debate with a friend, Simmias. They debated the roles of the soul and body, if they are intertwined, and if so, how much. Simmias believed that the soul was either there or not, like the harmony of a well tuned instrument. One of the main holes in this logic was, what if the instrument isn’t tuned, does it not still harmoniz e? Socrates rebutted with, â€Å"one soul is not more and not less a soul than another, and this means that one harmony is not more and more fully, or less and less fully, a harmony than another† (Phaedo, 93d). Meaning, Socrates believed that every human has a soul, but not every human knows how to harness and take care of his or her soul. Being unable to harness our souls also means that normally the average human’s body is in control the majority of the time. A true philosopher would not let this happen. Socrates observed that even whenShow MoreRelatedsoul and body theories Essay774 Words   |  4 Pagesï » ¿Name Course Lecturer Date of submission Soul and Body Theory Many of the ancient theories composed by early Greek philosophers were based on rationalism and empiricism. Empiricism refers to acquiring knowledge through experimental insight while on the other hand rationalism is acquiring of knowledge through ones practical understanding. Socrates work is studied in depths up to date, example being â€Å"Republic of Plato† whose author was Plato. SocratesRead MoreThe Theory Of The Body And Soul By Descartes, Hobbes, And Hume1838 Words   |  8 Pagescountered the claims presented. Three of which, Descartes, Hobbes, and Hume, though having differencing ideas and theories, can be pooled together in a way to combine and help explain human behavior. When individuals look at these philosophers, they see Descartes with his idea of the body and soul, Hobbes with his idea of everything having physical property, and Hume with his theory of impressions and ideas. Very rarely, if at all, due to these very different ideas are each of these men consideredRead MorePersonal Identity - Memory Theory vs Body Theory vs Soul Theory1634 Words   |  7 Pagesthe Memory Theory of Personal Identity is the closest to the truth. I will do so by showing that the opposing theories – Body and Soul Theories – have evident flaws and that the arguments against the Memory Theory can be responded to adequately. In order to succeed in this tas k, I will explain the basis of the three aforementioned theories are, examine the Memory Theory’s main arguments, acknowledge and respond to the arguments against it and demonstrate that the Memory Theory is the theory closestRead MoreThe Theory Of Personal Identity988 Words   |  4 Pagesour individual soul, thus supporting the same soul theory. By having the same soul, we are the same person. I will support this argument by giving a brief overview of all the theories of personal identity then stating the objection of the same soul theory using the same body and same mind theorist. Last but not least, I will then respond accordingly to the objection by stating the connection and unchanging qualities from the same soul theory. There are approximately four theories of personal identity:Read MoreThe Body, Soul, And Brain1426 Words   |  6 Pagesthree arguments are for the body, soul, and brain. These theories argue that each respective component of a person, must remain the same throughout time in order for a person to be unchanged. The brain theory is more plausible than its counterparts. To prove this, first, I will describe the soul and body theories, which I oppose, and then present an argument based on the brain transplant theory. A criticism for this is Perry’s third night argument that states the body donor is the surviving factorRead MoreIs Dualism Best? The Nature Of Consciousness? Essay1070 Words   |  5 PagesStudent ID Number: 00180694 November 2rd, 2016 Philosophy 101: Introduction to Philosophy Professor Bayne Dualism Best Explains the Nature of Consciousness The three theories we have discussed so far are the dualism theory of Plato and Descartes, the Aristotelian theory, and the Physicalism (identity) theory of Place and Strong. The identity of consciousness means that if you have the same consciousness, you are the same person, and if not conscience, you are not the same person. The thing thatRead MoreHarmony Theory In Phaedo By Plato1498 Words   |  6 Pagesthe body will pass, the soul is able to live on because it is immortal. He uses a lot of his intuition to back up his claim, but the main rationale is the Argument of Affinity. He claims that the world is very binary. Things are either incorporeal and invisible, or not. The body is physical, visible and corporeal. Things like the body that are visible are part of the sensible world and do not last. The soul however is not. It is invisible and incorporeal. That is why Socrates believes the soul isRead MoreWhy Death Should Be Important For All Philosophers And How One Goes About A cquiring Knowledge Essay1596 Words   |  7 PagesSocrates the acquisition of knowledge. He believes that the body is impure, and the soul only acquires knowledge after death in an â€Å"In-Between† state when by itself. Simmias and Cebes don’t raise an issue with this explanation; however, I do. Socrates does not definitively prove that the soul is acquiring knowledge during this â€Å"In-Between† state, nor does he consider the alternative theory that the soul can acquire knowledge in the body, but consolidates and identifies the truth of this knowledgeRead MoreA Comparison of Two Accounts of Life After Death Essay595 Words   |  3 PagesA Comparison of Two Accounts of Life After Death Materialism is the view that the body and mind are inseparable, and for there to be life after death then the body must be resurrected, this is much like the Christian view of life after death. John Hick was a materialist and he argued that, in certain circumstances, it would be possible that the dead could exist as themselves after death, if an exactRead MorePlato: Immortality of the Soul1505 Words   |  7 PagesPHAEDO: IMMORTALITY OF SOUL In the dialogue Phaedo Plato discusses the immortality of the soul. He presents four different arguments to prove the fact that although the body of the human perishes after death; the soul still exists and remains eternal. Firstly, he explains the Argument from Opposites that is about the forms and their existence in opposite forms. His second argument is Theory of Recollection which assumes that each and every information that one has in his/her mind is related to

Reflective Story Free Essays

At first, I did not expect that I would regret not being emotionally and spiritually prepared. I was really overwhelmed with the different things I experienced. Not only did I get to experience dorm life with my fellow classmates, got to sleep at dawn and bond with other people, I got closer with God. We will write a custom essay sample on Reflective Story or any similar topic only for you Order Now How you ask? I finally felt someone’s presence. Not like when there is someone with you or a so-called ghost appears, I felt a powerful presence. I felt accompanied. I never felt alone. That presence was masked by friends, great advice and strong faith. And to think I was very, very busy on what clothes to wear, toiletries to bring and everything else required. Also, I never thought that I would release all my negativity during session time. Somehow, It made me feel whole. I felt complete. I felt happy. I felt that God was beside me throughout everything. He blessed us all with trust for one another. I was mostly moved with Sir Regis’s difficult encounters in life. It made me realize that the greatest happiness I was blessed with was people who would love and accept me for who I am. Just by Ewing surrounded by them is the only blessing that, I bet, would be the best thing you would ask for. I am not saying that you should take advantage of their presence but you should savoir and appreciate their love and care for you. This recollection gave me more on the Inside scoop of reality and the different hardships you will encounter as you face it twists and turns. This also made me realize that I should be thankful for my days to come. I was taught to fall silent and listen. Life is exciting and thanks to this experience, I came to appreciate life’s meaning and hungry to unravel some of Its secrets. How to cite Reflective Story, Essays

Law Of ASIC v Cassimatis [2016] FCCA 1023 †MyAssignmenthelp.com

Question: Discuss about the Law Of ASIC v Cassimatis [2016] FCCA 1023. Answer: Introduction: Director and outcomes of the breach by the directors base the present case on the grounds of breach of duties. The many newspapers and channels that the growth of cases regarding the breach of directors duties has been increased rapidly have reported it (Aroney et al. 2015). The provision regarding the breach of directors duties has been attracted the provision of the Corporation Act. Several cases are pending before the various courts of Australia regarding the same and in this report, an attempt has been made to discuss and critically analyse the courts decision and responsibilities of the directors regarding one of the important caselaw named ASIC v Cassimatis [2016] FCCA 1023. Discussion: The current case is one of the most significant cases in the history of Australia regarding the violation of the respective provisions of the Corporation Act 2001 attracts the grounds regarding the breach of duty by the director (Barnett 2017). Directors are the most important part of a company and they are eligible to take all the necessary decisions regarding the benefit of the company (Berk et al. 2013). Therefore, it can be narrated that the directors should have to perform their duties in good faith and think about the benefit of the company. Under the Corporation Act, several sections have been mentioned where from it is clear that if any director of a company tried to gain illegal benefit or anything that harm the interest of the shareholders,law will abstain them from doing so. The provisions mentioned under the Corporation Act are engraved under section 180 to section 184. An allegation had been made by the ASIC against the financial giant Storm Financial Limited that points out that the director of the company Mr. Cassimatis had breached the respected provisions of the Corporation Act 2001 and liable for the violation of the respected Act. Allegations have also been made against the illegal acts of the directors of the company and it was alleged that the company had failed to perform their duties in good faith (Blair 2015). The problem arose in the year 2008 when the director of the company had adopted one financial model and call for investment from every stages of the society to invest money in the project. The company was one of the well known companies in the financial sector of Australia and therefore, the company had not face any trouble regarding the investment. Allegation made by the ASIC that the company had failed to point out the risks of the financial sector and also did not mention the outcomes of the situation if the money are being faced by financial downturn. It was announced by the directors of the company that the result of the investment will be beneficial in nature and it was observed that many people who had no knowledge about the financial risk, invested their money into the project with the dream to gain certain profits (Chia and Ramsay 2015). After certain times, the company had faced a huge financial crisis and all the invested money were lost and the investors had to face a lot of problem. It was alleged by the ASIC that the director of the company had not taken any wise step regarding the security of the interest of the investors rather defended himself with the statement that in the financial sector, risk is an obvious factor (Coffee, Sale and Henderson 2015). Duties of the directors: It is provided by the Corporation Act 2001 that the directors of the company has certain duties to be performed. There are certain sections mentioned under the Corporation Act 20010 regarding the provisions of the duties of the director. According to section 180 (1) of the Act, it is required that the directors of a company should have to perform their duties with necessary care and diligence. It has also been mentioned under the provision that the directors should act in good faith regarding the acts of the company and if they are unable to exercise their duties by maintaining the necessary provisions of the Corporation Act 2001, certain penalties will be imposed on them. The penalty provision in this case is section 1317 of the Corporation Act 2001 (Crane and Matten 2016). It is the duty of the director of the company to secure the interest of the shareholders and the investors as well. There is another relevant section under the Corporation Act 2001 (section 945A) regarding the du ty of the directors to search for the background of the investors before taking or accepting money from them. Decision of the court: After perusing all the necessary documents and examined the relevant witnesses, the court had observed that the directors of the Storm Financial Limited had violated the provision stated under section 180(1) of the Corporation Act 2001 (Ferrell and Fraedrich 2015). It has been rightly observed by the court that the company had intervened all the necessary provisions regarding the directors liability. It has also been observed by the court that the directors of the respective company had failed to interpret the relevant sections of the Corporation Act successfully. The acts of the directors of the company had not met the provisions of the term Good Faith. It has also mentioned by the Court that the director of the company had failed to maintain the rules mentioned under section 945A of the Corporation Act. Critical analyse of decision: It is clearly stated under the provisions of the Corporation Act 2001 that it is the utmost duty of the director of a company to act in good faith while performing their job. It is required by them to act with due care. The term due care and diligence means all the acts that is positive in nature. The parameter regarding the same is what a prudent man of general intelligence will do in certain circumstances. The provision of section 180(1) of the Corporation Act is mandatory in nature and it binds the director of any company to do any arbitrary works against the interest of the company and against the interest of the investors or the shareholders as well. It has been mentioned in ASIC v Fortescue Metals Group Ltd. [2011] FCAFC 19 that the directors of the company should not violate the provisions of the Corporation Act 2001 regarding section 180(1). It has been stated in this case that the provision of the Corporation Act will be imposed on all the directors of the company. A clear intention should be taken into consideration regarding the thorough analysis of the relevant provisions of Corporation Act reveals that the interest of the company and the shareholders will not be mitigated at any cost. In Vrisakis v ASICC [1993] 9 WAR 395 it was stated that it is one of the most important tasks of the director of a company to apply his positive mind so that it will be possible to maintain a balance to avoid the potential risks regarding the interest of the company. In the case of the Cassimatis, it was contended by the directors of the company that the provisions of the Corporationlaw is not applied on the sole director of the company. It is also contended that the statute will not allow imposing the penalty provisions on the sole director of the company. In Shafron v ASIC [2012] 247 CLR 465 that the scope of section 180(1) of the Corporation Act is not possible to limit up to the statutory limit or duties and therefore, it is proved that the decision of the court regarding the case is appropriate in nature. It was proved by the examinations of the witnesses that the investors of the company were from very low stages of the society and without checking the background of them, the director of the company had allowed them to invest. The aftermath effect of the financial downturn regarding the company was detrimental in nature and it was observed that the director of the company had not even act for securing the interest of the investors rather he stated that the investors must know about the financial risk of the financial arena. Therefore, it has been proved that the director of the company had failed to perform his duties under section 945A of the Corporation Act 2001. It has also been seen that many investors became insolvent after the downturn and they pointed their finger against the director of the Storm company as he had not mentioned about the risks of the financial problems and had not taken any positive steps to secure the interest of the investors (Keane and McKeown 2014). Other relevant section: Certain provisions of the Corporation Act mentioned under the section 206E (1) is also applicable in this case. It has been observed by the Court that there are certain elements for the applicability of the section, which are as follows: It is to be proved that the person who has violated the provision of the Corporation Act are holding the post of the directors or other officers; The provisions of the Corporation Act has been violated by him for at least two times; There shall be sufficient ground to show that the respondent or the alleged person had failed to take reasonable steps regarding the prevention of the interference. The court should also be satisfied regarding the grounds of the disqualification. It has been observed that the directors of the company had fulfilled all the criteria regarding the sections of 206E (1) and therefore the section can be imposed on the directors of the company too. Therefore, it has been proved that the decisions of the court regarding the case of the Cassimatis is appropriate in nature and the same has been proved by different case laws and the documents submitted by the Australian Securities and Investment Commission. Some of the statements are also been proved by the submission made by the witnesses of the case (Laing, Douglas and Watt 2015). Impact of the decision: It has been observed that the decisions made in the case of Cassimatis have opened many doors regarding the breach of the directors duties. It has been proved that the outcomes of the breach had made the interpretation of the sections of the Corporation Act more predictable and the scope of the relevant sections was become wider (Hedges et al. 2015). The excuse that has been taken by the directors of the company in general are been discussed here and it has been proved that the grounds made by the respondent company y in such situations are based on vague knowledge of the directors of the company. It has been reported by many newspaper that the rate of the growing nature of the breach of duties by the directors can be controlled and is controlled by the decision of the court in the case of the Cassimatis. It has also been reported that the acts of the directors to gain illegal money without taking due care for the interest of the company and the investors shall not be considered any more (Langford 2015). Conclusion: Therefore, from the above-mentioned case, it can be said that the decision of the court regarding the matter is quite justified and the observation of the court is based on the certain relevant case studies regarding the same. It has also been proved that the court had rightly analyse all the provisions of the corporation Act 2001 relating to the case and the nature of the decision of the case is wide enough. The court had rightly imposed penalties on the alleged company and suspended the directors of the company to continue the business. After all, the case is one of the most important case regarding the breach of duties by the director and created effective impression on the industrial development in the continent of Australia. References: Aroney, N., Gerangelos, P., Murray, S., Stellios, J. (2015).The Constitution of the Commonwealth of Australia: History, Principle and Interpretation. Cambridge University Press. Barnett, H. (2017).Constitutional and administrative law. Taylor Francis. Berk, J., DeMarzo, P., Harford, J., Ford, G., Mollica, V., Finch, N. (2013).Fundamentals of corporate finance. Pearson Higher Education AU. Blair, M. M. (2015). 12. Boards of directors and corporate performance under a team production model.Research Handbook on Shareholder Power, 249. Chia, H. X., Ramsay, I. (2015). Section 1322 as a Response to the Complexity of the Corporations Act 2001 (Cth). Coffee Jr, J. C., Sale, H., Henderson, M. T. (2015). Securities regulation: Cases and materials. Coffee Jr, J. C., Sale, H., Henderson, M. T. (2015). Securities regulation: Cases and materials. Crane, A., Matten, D. (2016).Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Ferran, E., Ho, L. C. (2014).Principles of corporate finance law. Oxford University Press. Ferrell, O. C., Fraedrich, J. (2015).Business ethics: Ethical decision making cases. Nelson Education. Hargovan, A. (2017). Corporate law: Judicial guidance on de facto director liability for insolvent trading.Governance Directions,69(2), 111. Hedges, J., Bird, H. L., Gilligan, G., Godwin, A., Ramsay, I. (2016). An Empirical Analysis of Public Enforcement of Directors Duties in Australia: Preliminary Findings. Keane, A., McKeown, P. (2014).The modern law of evidence. Oxford University Press, USA. Laing, G., Douglas, S., Watt, G. (2015). Aspects of Corporate Delegation, Reliance and Financial Reporting: Lessons from Australian Securities and Investments Commission v. Healey.Canberra L. Rev.,13, 16. Langford, R. T. (2015). Directors' Duties: Conflicts, Proactive Disclosure and S 181 of the Corporations Act. Langford, R. T., Ramsay, I., Welsh, M. A. (2015). The origins of company directors' statutory duty of care

International Business Culture and Leadership

Question: Discuss about the case study International Business for Culture and Leadership. Answer: Rationale for choosing country: Singapore is a multi-ethnic society consists of different communities including Chinese, Malay, Indian and Eurasian (Chan Tong, 2014). The rationale for choosing Singapore as a host country is due to its potential resources for enhancing the business opportunities in an effective manner. In recent years, Singapore has been experiencing robust industrial growth due to its enhanced infrastructure. By choosing Singapore as a host country, different business opportunities can be analyzed in an effectual manner. Singapore borders Indonesia, Malaysia, and Brunei. The main island is entirely urbanized with a dense commercial city center to the south (Gomez Hsiao, 2012). Moreover, the city is surrounded with the new township. Singapore has 5 million populations. Most of the organizations chose Singapore as their primary business center because it has an effective Commonwealth based legal system (Chew, 2015). On the other hand, Singapore has adequate opportunities for fast traction and quic k entry. The multinational organizations in Singapore can easily enhance their business opportunities by simply hiring smart and educated talent available in the country. The ethnic society of Singapore consists of 77% Chinese, 6% Indian, 15% Malay and 2% expatriates (World Bank Group.com, 2016). Hence, it can be assessed that the country includes huge cultural diversity that facilitates in enhancing the industrial growth in an efficient way. Singapore has not only experienced radical business growth but also improved their innovation and technology (Witt Redding, 2013). By analyzing the most significant accomplishments of Singapore, it can be assessed that the nation is very prosperous and comes close to the top in per-capita incomes. On the other hand, the amazing fact is that the incredible business expansion has facilitated Singapore to diminish unemployment issues (Low Ang, 2012). Hence, the selected host country is an appropriate business domain for new and existing multinational organizations due to its enhanced infrastructure. Cultural analysis of the host country (Singapore): Singapore has worlds best labor force that facilitates the industry to experience enormous growth in recent years. Singapore consists of several religions including Buddhist (Chinese), Muslim (Malays), Christian, Hindu, Sikh, and Taoist. The population of the country is 5,567,301 as of 2014 (Forbes.com, 2016). Due to its diverse culture, Singapore has four national languages including Mandarin, Malay, Tamil and English. Singapore is a multi-ethnic society, and its culture depends on three prime traditions including Chinese, Malay and Indian (Geert-hofstede.com, 2016). The three main ethnic groups in Singapore are culturally and religiously diverse. The nation became an independent country on August 9, 1965. However, the economy of the country was in a very bad shape with 14% unemployment rate (World Bank Group.com, 2016). The cultural diversity has facilitated several multinational organizations to develop their business opportunities in a systematic manner. On the other hand, enhanc ed learning structure of the country produces skilled employees who provide adequate support in the business enhancement. Singapore includes the areas of 248 square miles. The main island in Singapore is urbanized with a dense commercial city center to the south. The particular nation consists of 5 million of populations. Among 5 million populations, 3 million are the citizens and permanent residents (World Bank Group.com, 2016). The unique cultural component of Singapore is the economic prosperity and the political stability. Industrial development has facilitated the country to enhance its economic stability. After independence, Singapore has been facing unemployment issues for several years. However, the unique cultural diversity and the political stability have facilitated the nation in diminishing the unemployment issues in an effective manner. By discussing the ethnic relations and the history, it can be evaluated that the country emerged as a nation after 1965. Singapore had been a British colony, which was linked with the entire Malay Peninsula (Yue Zubillaga-Pow, 2012). Due to consistent industry development, Singapore has experienced a radical business growth in recent years. The country has no single dominant identity due to its diverse culture in the society. Different cultural links to China, Malaysia, India, and Indonesia provide loyalties and Singaporean orientations, which stretch far beyond the national borders (Crane, Kawashima Kawasaki, 2016). By discussing the urbanism and architecture, it can be assessed that Singapore is a green city, and it involves much-groomed greenness. On the other hand, the architectural development also attracts new businesses to make an entrance in Singapore. The striking features of the landscape are the high-rise buildings (Kong, 2012). The above-discussed unique cultural components have facilitated Singapore to develop its international industrial economy. The particular country heavily depends on imports because there are very few natural resources available on the island. On the other hand, there is a large degree of state control on the national economy (Chhokar, Brodbeck House, 2013). With the involvement of the skilled and proficient labors, the local industries have experienced profitable outcome. On the other hand, the diverse cultural background of the country has contributed to enhancing employees skills in an effective manner (Skoric Poor, 2013). The manufacturing industry is the most important economic sector followed by business and financial services, transportation, commerce, and communication (Mangan, 2013). Different business culture in host country (Singapore) and home country (Australia): Business culture in Singapore: The most important factor for the industrial development in Singapore is the cultural diversity. However, it is quite difficult for the newly arrived organizations in Singapore for doing business in an efficient manner (Tan, 2012). There are different kind of social rules and protocols. Hence, organizations need to abide by those protocols for executing the business without offending their business partners. For executing business in Singapore, organizations are required to follow different protocols such as follows: Exchanging business cards: Business cards indicate simple necessity in the business culture. Most of the industries in Singapore follow the same process for executing business in a systematic manner. The perfect timing for exchanging the business cards is after the initial introduction. For doing any partnership businesses in Singapore, both partners need to provide their description on the business cards (Gwynne, 2013). For example, if any organization is doing business with Chinese people, it requires having one side of the business card translated into Mandarin. After receiving the business cards for the business contacts, they need to analyze it carefully. The business relationship depends on how one partner treats others business cards. That is why the business culture of Singapore does not allow mistreating business cards. Business meetings: For conducting any business meetings, organizations in Singapore need to schedule the particular process at least two weeks earlier (Chia, 2015). Moreover, it is important for the management to include a list of the team members and expertise along with making a formal request. On the other hand, if any business is trying to emerge with the other, it should accumulate adequate information on the existing business. Without collecting sufficient information on the existing business, the new partner will not be able to understand its business process management (Rui Stefanone, 2013). Consequently, it will not facilitate them in enhancing the business profitability in an efficient manner. On the other hand, trust is another important factor that influences the partnership business to experience profitable outcome. The meeting cannot be executed on the public holidays in Singapore including Chinese New Year (Ferraro Brody, 2015). Most of the industries in Singapore believe that the punc tuality plays an integral role in business development. Every organization in Singapore follows a particular hierarchy structure for executing the business in a systematic manner. In the meeting session, the informative materials should always accompany the presentation so that it can easily highlight the challenges in the business (Skoric Poor, 2013). It is important for the organization in Singapore to provide proper responses to the business partners for upholding a trusted business communication. Negotiations: Negotiation is one of the major factors for the business expansion. Most of the organizations in Singapore believe that the negotiation plays an integral role in the business development. By discussing the business culture of Singapore, it can be assessed that the business partners need to uphold different types of negotiations for executing a healthy business in the domestic and international market (Mangan, 2013). Business partners never raise their voice or get aggressive against their partner, as it can hamper the growth of the business. on the other hand, the management of the organization needs to pay attention to the business partners body language to figure out their responses. Without upholding the polite and professional nature, the hiring management in Singapore would not be able to maintain healthy workflow system at the workplace. Business culture difference between Singapore (Host country) and Australia (Home country) Business environment: By analyzing the World Banks 2015 Ease of doing business report, it can be assessed that Singapore ranked at the 1st place whereas Australia ranked at 10th position (World Bank Group.com, 2016). There is a significant difference between Australia and Singapore business culture such as taxes, investors protection, trading across the borders, registering property and dealing with the construction permits. According to the Forbes 2014 Best Countries for Business list, Australia ranked at the sixteenth position, whereas Singapore ranked at eighth position (Forbes.com, 2016). The visible differences are seen in the areas of taxes, innovation, technology, and the investors protection. Taxes: By analyzing the comparison between Singapore and Australian tax system, it can be assessed that Singapore imposes one of the lowest taxes in the world. On the other hand, Australia includes the high tax system. Consequently, most of the manufacturing organizations face challenges to selling their products in Australia at a reasonable cost. In the 2009 Tax Misery Index, the Forbes has ranked Singapore at 11th position for having low tax misery. On the contrary, Australia was ranked at 28th position due to its high tax rates system (Forbes.com, 2016). Due to low tax rates, most of the foreign investors chose Singapore as their primary business center. Moreover, existing investors will enhance their investment in the business due to low tax rates. Consequently, it facilitates in enhancing the industrial growth within a short span of time. Global competitiveness: According to the world economic forums Global Competitiveness Report 2014-2015, Singapore is the second most competitive economy in the world while Australia was ranked at 22 in the business competitiveness (World Bank Group.com, 2016). Singapore delivers impeccable performance on most parameters including public trust of publications, the burden of government regulation, transparent government policy making, effective legal system, public trust of politicians, quality of infrastructure and quality of the educational system, etc (Chhokar, Brodbeck House, 2013). On the other hand, there are some problematic areas for doing business in Australia such as access to the financing, tax rates, restrictive labor regulations, inefficient government bureaucracy and tax regulations. Singapore upholds an edge over Australia in many areas including fiscal freedom, business freedom, trade freedom, labor freedom and government spending (Crane, Kawashima Kawasaki, 2016). Labor force: One of the major factors for the industrial development in Singapore is that the highly flexible and talented workforce (Low Ang, 2012). Moreover, the enhanced workforce attracts most of the foreign investors to develop new business ideas in Singapore. On the contrary, most of the Australian organizations have been facing challenges in enhancing productivity due to their inefficient workforce. In a recent business report published by world economic forum, Singapore has the best labor-employer relations in the world, whereas the Australia has ranked at 43 in that particular area. Openness to trade: Singapore has a very open trade policy that facilitates new entrants to execute business in an effective manner. Most of the foreign investors select Singapore for the business due to several beneficial aspects including best customer services, least import and export paperwork, and excellent availability of transport infrastructure (Mangan, 2013). On the contrary, Australias tariff rates custom process, cost and documents requirements and complexity to the foreign participation are marked as its competitive disadvantages. HOFSTEDEs cultural analysis on host country (Singapore): Power distance: Singapore scores high on this particular dimension. Singapore normally has a syncretism approach to the religion due to its Confucian background (Geert-hofstede.com 2016). It is also the dominant approach in Singapore. The key principle of Confucian teaching indicates the stability of the society. Hence, it can be assessed that the new business ventures need to follow the cultural dimension of the society for executing the business in an efficient manner. According to this dimension, the power is centralized, and the managers follow their bosses. Individualism: Singapore scores 20 in this particular dimension. Singapore follows the collectivistic societal culture where a group of people gets high priority. On the other hand, the communication is the indirect and harmony of the group needs to be maintained. Therefore, the Investors are required to avoid open conflicts with other existing businesses. Without upholding healthy relationship with other businesses, new investors are unable to fulfill their task in an efficient manner (Gwynne, 2013). Masculinity: Singapore scores 48 in masculinity. They respect the softer aspects of the culture including consensus, sympathy for underdog, leveling with others (Ferraro Brody, 2015). Moreover, the conflicts are avoided in the private workplace. The management of the organization in Singapore needs to uphold proper leadership approach for experiencing high growth in the business. Uncertainty avoidance: Singapore scores low on this particular dimension. In Singapore, people need to follow different types of rules because of its high PDI (Geert-hofstede.com 2016). Singaporeans call their society a Fine country. New industries will obtain huge resources and support from the host country to execute the business in an effective manner. Long-term orientation: Singapore scores 72 on the long-term orientation. The diverse cultural qualities allow new investors for enhancing their business within the domestic market. With the engagement of the long-term relationship, organizations experience immense growth in the business. On the other hand, multinational organizations can expand their business by implementing long-term investment (Gwynne, 2013). Indulgence: The particular dimension can be defined as the degree to which people try to manage their needs and urges. Singapore scores 46 on this particular dimension. Hence, it is not possible to settle on a penchant on this aspect due to its transitional score. Figure 1: HOFSTEDE Model on Singapore (Source: Created by author) Conclusion: It can be concluded that the new investors and industries obtain a wide range of opportunities in executing business in Singapore. There are several beneficial aspects of conducting business in Singapore. These benefits include low tax rates, highly skilled workforce, and least paperwork for new ventures. On the contrary, most of the multinational organizations have agreed with the fact that Singapore maintains an edge over Australia in different areas including business freedom, fiscal freedom, trade freedom, labor freedom and government spending. References Chan, K. B., Tong, C. K. (2014). Singaporean Chinese doing business in China. InChinese Business(pp. 119-129). Springer Singapore. Chew, M. (2015).Leaders of Singapore. World Scientific. Chhokar, J. S., Brodbeck, F. C., House, R. J. (Eds.). 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Slutwalk, Feminist Activism and the Foreign Body in Singapore.Journal of Contemporary Asia,43(1), 173-185. Kong, L. (2012). Ambitions of a global city: arts, culture and creative economy in Post-Crisis Singapore.International journal of cultural policy,18(3), 279-294. Low, K. C., Ang, S. L. (2012). Confucian leadership and corporate social responsibility (CSR), the way forward.Journal of Business Research,2(1), 85-101. Mangan, J. A. (2013). Imperial SingaporeCulture Imperialism and Imperial Control: Athleticism As Ideological Intent.The International Journal of the History of Sport,30(11), 1193-1220. Rui, J., Stefanone, M. A. (2013). Strategic self-presentation online: A cross-cultural study.Computers in Human Behavior,29(1), 110-118. Skoric, M. M., Poor, N. (2013). Youth engagement in Singapore: The interplay of social and traditional media.Journal of Broadcasting Electronic Media,57(2), 187-204. Tan, C. (2012). Our shared values in Singapore: A Confucian perspective.Educational Theory,62(4), 449-463. Witt, M. A., Redding, G. (2013). Asian business systems: institutional comparison, clusters and implications for varieties of capitalism and business systems theory.Socio-Economic Review,11(2), 265-300. World Bank Group.com (2016) Ranking of economies - Doing Business -.Doingbusiness.org. Retrieved 2 August 2016, from https://www.doingbusiness.org/rankings Yue, A., Zubillaga-Pow, J. (Eds.). (2012).Queer Singapore: Illiberal citizenship and mediated cultures(Vol. 1). Hong Kong University Press.