Payday Loans And The Uk - 1024 Words

Payday loans have always been present in the history for a long time. People employ them for their immediate needs. They are quickly becoming relevant especially after the credit crisis that appeared in 2008. There are various important values that define these loans. They can be used to learn more about the payday loans. Here, we start with describing some important aspects of payday loans and then end with shedding light on the uses of these particular loan aspects. History of Payday Loans Payday loans started in the modern financial market when a need was recognised in order to serve a product for lower level communities. There was a need to save people from the traditional pawn shops by serving them better products that are governed through laws and regulations. These modern payday loans first appeared in the United States but quickly found their niche in the other countries such as the UK. Payday Loans in the UK Payday loans have quickly gained financial prominence in the last few years. The number of people that are using these loans is increasing all the time. These loans are essentially taken by people that have low annual income which is mostly below 25,000 Pounds a year. This means that it is especially a product designed to attract people that belong to the lower segment of the community. The total business has already entered a value in billions of Pounds. Payday lenders are not bound here to have a specific interest rate and this allows them to charge heftyShow MoreRelatedHow Payday Lenders Get A Bad Press And The Public s Perception Of Them1698 Words   |  7 PagesIntroduction Payday lenders get a bad press and the public’s perception of them can be a poor one. But they are still advertised on our televisions and radios every day and are incredibly popular. So are they really money pits or are they effective in helping people, financially, on a short-term basis? Research Aims and Objectives This research project will assess a variety of aspects of these kinds of loans and determine the usefulness of them when used efficiently and how volatile they canRead MorePay Day Loan Research Paper722 Words   |  3 PagesAny loan resulting in a release of cash during times of immediate financial crises would be termed as best payday loan. It is only after the purpose for which the loan was taken gets satisfied that we start thinking critically of the loan. It will be wrong to term this tendency as selfishness. Payday loans are actually made dearer by loan providers. Many borrowers actually decide to take loans at any terms stated by the lenders because of the urgency involved in the situation. Lenders will not missRead MoreThe Importance Of The Financial Service Sector1996 Words   |  8 Pagesand coordinated at an international level. The financial services sector consists of firms like banking, insurance, organised and informal markets, asset management together with a wide ar ray of supporting professional services. In the UK the Financial Services Sector relies upon the systems of supervision and regulation put into operation by the government which promises to deliver the good quality service as well as security. The involvement of the government in the financial sectorRead MoreReport on Wonga.com Essay3393 Words   |  14 Pagesas to whether it is worth investing in. This is examined in light of the company’s background, key product and operations, financial statistics, a SWOT analysis, ethics and it’s future targets. Wonga is a british payday loan company which offers, short term high interest loans to individuals online, and within minutes using an algorithm that analyses thousands of pieces of information in seconds. Since its launch it has also added a service where customers can distribute the cost of items boughtRead MoreThe Ethics Of Payday Loans Should Be Considered Before Moving On With Your Project1964 Words   |  8 PagesI. INTRODUCTION The purpose of this report is to inform you, the RSGs, about how the ethics of payday loans should be considered before moving on with your project. After you raised many concerns about whether or not ethics are an issue, Vice President Bette Davis decided to bring the CRC in to help out here. Davis wanted me to research the issue of the ethics of payday loans, and report back to her on with the information I found in order to help her decide how to resolve the issues between theRead MoreUnsecured Loans : A Loan Is Taken Without Being Supported With Any Collateral1231 Words   |  5 Pageslending is when a loan is taken without being supported with any collateral. Therefore the loan is received with no property or any borrower s assets being at risk if stop making payments. (http://banking.about.com/od/loans/g/unsecured.htm) Justin Pritchard (Justin Pritchard 2015) also identify them as signature loans for the reason that the borrower gives only his signature as a promise to repay t he loan back. The lenders furthermore take higher risk with unsecured personal loans, as they have noRead MoreFinancial Regulation : Reforming The Consumer Credit Regime2320 Words   |  10 Pagesagencies such as Debt Plan, Citizen Advice Bureau (CAB) StepChange and Money Advice Service (MAS), since debts increased debts among the financially vulnerable. (BSA, 2010; CAB, and HM Treasury, 2010) Customer vulnerability became a focal concern of the UK government and financial authorities due to the increased number of people that are excluded from basic financial services since the 2008 financial recession and the potential impact to the recovery of the country’s economy. (FCA, 2016; and CoppackRead MoreA Note On The Bridge Loan1509 Words   |  7 Pages A bridge loan has nothing to with bridges; it is a short-term loan from a bank or other lender. For any business owner the knowledge of bridge loans may mean the difference between failure or success of a business venture. Commercial bridge loans are also known as hard money loans and they are used by business owners as a stop gap arrangement while a permanent loan is being secured. Even though home owners sometimes use bridge financing between the time they purchase or sell their homes, it isRead MoreChild Poverty : An Increasing Number Of Families1139 Words   |  5 Pages Child poverty in Britain affects an incre asing number of families; the most recent statistics from 2014-2015 show that poverty affects 1 in 4 children in the UK today1. The cause of child poverty has many contributing factors and creates multiple issues for the individuals affected. Child poverty in Britain is much different than the television adverts that show the awful living conditions of children in third world countries, however still has devastating outcomes for those experiencing povertyRead MoreRole Of Financial Sector On The United Kingdom1400 Words   |  6 Pagesproportion of the UK’s export and import surplus is made by trade in financial sector. Moreover the importance of the banking sector was noticeable in 2013/2014 when it contributed over  £21 billion to UK tax receipts in corporation tax, through the bank levy, national insurance and income tax. The UK has an exchange surplus in financial and insurance activities, i.e. Fares surpass imports in the division. The exchange surplus has been developing as an extent of GDP in the course of the most recent

The Global Financial Crisis ( Gfc ) - 1761 Words

For me the Global Financial crisis (GFC) has been/is quite important because I remember the majority of what happened and is still going i.e. the aftermath of the GFC. However, I have never really looked at GFC from a study purpose point of view. Moreover, although I had followed the crisis in the news I had never really thought about the meaning of the financial terms like Collateralized Debt Obligation (CDO), derivatives and the International Monetary Fund (IMF), just to name few. Therefore, it was quite interesting for me to read the articles for this week’s class. Being from Denmark one of the first things that I remembered was the housing bubble in the U.S. and then I heard about the Icelandic Bank crack and that they had borrowed†¦show more content†¦According to Helleiner, the subprime loans were given to people who did not have enough financial proof i.e. they were not creditworthy and should not have been given the loan, as they could not pay the mortgage back. This then created a ripple effect or spillover effect that spread to the rest of the States that had financial ties with the U.S as well as those States that invested in their mortgage financial products (Helleiner, p. 69). Since my Bachelor degree is from Copenhagen Business School and my bachelor degree is more in the humanities/Business communication combined with European studies i.e. the EU, I had more looked at it from an EU perspective and not really the financial part or the global aspect of the financial crisis. I learned and saw that when the crisis hit Europe, the EU was really being put to a test because all 27 members were connected by the ratified treaties that they were signatory to in order to become an EU member which also meant that the financial burden had to be divided amongst the members. Germany being a very big State had to carry the largest burden and that has begun to put a strain on Germany’s patience (Connolly). Therefore, I found it quite interesting to read about the financial crisis and the background of it i.e. that it goes back to the 1990s in Helleiner’s article Understanding the 2007-2008 Global Financial Crisis. According to Helleiner, Strange warned about the crisis back in 1998

English Halloween Essay - 918 Words

A perfect halloween It was a perfect Halloween night. There was a full harvest moon, the wind was howling, the neighborhood was quiet; even though kids were trick-or-treating. My friends and I were waiting to go outside. Andrew, a blue eyed nerd, was already excited to go outside. Ashley, Alex and I were calm, but anxious. We all agreed to go out when it got darker. We were all dressed up as zombies, the ones that ate guts and such. â€Å"Lets go! Can we please start and get some candy now!!† Yells Andrew. We all gear up for the night. We say good-byes to our parents and head off into the darkness. Our first couple of houses were great! We each got handfuls of delicious candy! After about 20 houses, we could barley lift our bags.†¦show more content†¦It was dark. It was drafty. It was dead. We look around to find a light switch, only to find 2 candles and 1 match. The soft glow of the candles illuminates the room. We see cob webs in the corners, dust on the tables, and sheets on furniture. In another room we see nothing but piles of broken cement from the slowly cracking ceilings, decaying walls, and broken glass from windows. A stray black cat hisses and scurries past our feet into the dark. As we start touring the house, we start hearing moans and groans, then voices from upstairs. All of a sudden our candles blow out and we all scream. We all run in different directions, trying to find a way out. It felt like a maze, we were the dumb rats trying to find that one piece of cheese. One by one, I hear screams of my friends. I start running faster and faster, till my hea r explodes trying to find the front door. Scared, and petrified I feel a cold bloody hand pull me back into the darkness. ----------------------- MISSING! Annie Johnson, Ashley Springs, Andrew Collins. and Alex Smith Gone Missing since October 31st. Last seen trick-or-treating on Sleepy Hallows Drive. If you see them, Please call theShow MoreRelatedSimilarities Between Halloween And Day Of The Dead1051 Words   |  5 PagesHalloween is a fun, worldwide holiday. Today, Halloween, for children, is going out onto the streets and roaming from house to house asking for, mainly, candy. For adults, Halloween could mean parties, or handing out things to the children, or spending time with family. A similar holiday to Halloween, Day of the Dead. Day of the Dead is mainly limited to hispanic culture, however it has started to spread in more recent years. During Day of the Dead families create altars to attract and guide lovedRead MoreWhy I Have Not Failed920 Words   |  4 Pagesabout, right? These words have been inspiration for many people over many years, including myself, at least since I began my first writing course. I have come to wonder if I have become a decent writer or just a less awful one. G oing through past essays, both final drafts and rough drafts, I have come to realize how awful I actually was and how much I have improve. Despite this improvements, I still have distinct mechanical errors I need to keep working on. Nevertheless, my ability to research, andRead MoreA First Generation Salvadoran American Student s Pursues Higher Education902 Words   |  4 Pagesable to have English conversations with my professors and sometimes with my friends. Even though some friends would speak Spanish, I would reiterate speaking English. College has been a new experience because all my friends speak English all the time. I feel that I have been improved in maintaining English conversations better (Interview, Lucy, May 7, 2016). Moreover, Lucy acknowledged that American’s traditions such as the English music, Thanksgiving Day, Santa Claus, and Halloween. However, sheRead MoreComparing William Shelley s Frankenstein Essay1421 Words   |  6 PagesHaylee Mooneyham English 1010 099 October 3, 2016 Mrs. Miller Project 1: Compare/Contrast Blood Sucking Romeo With Halloween being right around the corner, children are preparing for ABC’s â€Å"Thirteen Nights of Halloween,† parents are picking up pumpkins to celebrate the Celtic holiday, and the urge for a good horror story is emerging. The monster, such as vampires or zombies, is taking the spotlight and it’s hard to ignore. From Dante’s Inferno to Mary Shelley’s Frankenstein, being frightened hasRead MoreThe Task Of Composing A Descriptive Essay1310 Words   |  6 PagesRecently, my Composition I teacher assigned the class the task of composing a descriptive essay. This led me to the question, â€Å"what is a descriptive essay?† What topic could I possible write about for three whole pages? What have I done, seen, or experience that could fill these three long pages? My life thus far has been quite sheltered, so this has created quite the dilemma for me. Being that I am supposed to be descriptive, I feel the need to describe the stress that th is has created for me. MyRead MoreCurse Essay In English964 Words   |  4 Pagescould be use in formal mail or in a emergency announcement. Expatiate could be used in a textbook or in the guidelines of something such as a essay. Hagiography would appear in a review or a book description. Mellifluous could also be used in a book review or even romantic poetry. Mirabile dictu could be used in a translation from something from Latin to English or a news report or article. Patronize can be used in a play(drama) or a rebuking article. The word autochthonous is very unique because itRead MoreDescriptive Essay971 Words   |  4 PagesChandell Gabler English 099-22-Intro to College Writing 9:05-10:15 am Professor Braxton-Robinson/Professor Sheffield Assignment: Write a Descriptive Essay describing a storm you have witnessed. The storm I witnessed was Hurricane Sandy. When I first heard of the hurricane I thought it wouldnt be as bad as some people were prediciting, but as the storm approached I certainly changed my mind. As we sat in the house it became very real how bad the storm was going to be. It was scary toRead MoreMy Interview On My Roommate s Boyfriend1711 Words   |  7 Pagesthat his adaptation has a lot to do with him being from Tijuana and growing up near the border that divides the USA and Mexico. This gave him the ability to celebrate traditions of the American culture. For example, he mentioned that, â€Å"Christmas, Halloween and long weekends are some of the most popular ones they practice back in Tijuana. It amuses me to know that people from Tijuana are aware of even long weekends†, he confessed. This is due to â€Å"tourists crossing to Mexico in order to enjoy the atmosphereRead MoreOf English 10. 8 May 2017. Ryan Memmer. 6Th Period. Mrs.1618 Words   |  7 Pagesof Englis h 10 8 May 2017 Ryan Memmer 6th Period Mrs. Parker English 10 13 April 2017 The Story of Harper Lee There are many famous authors in the world known today. These authors put in the work required and sacrificed much of their time. Harper Lee is one of these authors who faced obstacles in her life. She published many different works and had a successful career. Even though there were challenges she had to endeavor, nevertheless she showed perseverance because of her dedication. Nelle HarperRead MoreHarry Harlow : An American Psychologist Who Studied Monkeys And Their Behavior1243 Words   |  5 Pagesunderstanding of human behavior. Dr. Harlow’s research also helped to better understand the psychology of children. This essay will discuss Dr. Harlow’s background, education, social influence, historical significance, and major contributions in the study of psychology. â€Æ' Background Early Childhood Harry Harlow’s original last name was Israel, and he was born on Halloween in 1905. He grew up in Fairfield, Iowa. His parent’s names were Mabel Rock and Alonzo Israel. He had four brothers, and

Islation in So Far From God, Beloved, and The Guardians

In the novels So Far from God and Guardians by Ana Castillo and Beloved and by Toni Morrison we see how isolation can create a need for community and support from others. Isolation as demonstrated in these texts is something that is not dealt with properly. Getting through a tough situation may be hard, but it does not have to be a solo act. It can be said; a person who feel they need to ‘isolate’ themselves from their community are only going to make their situation worse, and if support from the community is not accepted isolation becomes more of a threat than a danger to the person who is not accepting the help. It can be debated, that La Loca in So Far From God, Sethe in Beloved, and Regina in the Guardians have all demonstrated how isolation can be dangerous for a person should not be taken lightly, and community support should be taken advantage of if offered. Any kind of support given to help a person through a tough time is better than dealing with it alon e. In So far from God isolation becomes a presence in La Loca’s life from the day she was born. La Loca’s isolation is different in a way that she did not allow any type of human contact what so ever. As a child she had a phobia of germs which kept her at home and unable to live a normal life. Because of this, La Loca ultimately chooses to isolate herself as a way to be kept away from people because she thinks they smell and can not stand to be around them. As La Loca states: â€Å" The occasions when La Loca

The Materials and Appropriation of Tracey Emin Free Essays

Tracey Karima Emin or better known as Tracey Emin was originally born in London in 1963, she was brought up in Margate with her twin brother Paul by their mother from a very early age (hence the well known nickname, ‘Mad Tracey from Margate’). From a very early age Emin was subjected to sexual abuse, which in turn has been the subject for a substantial amount of her work including sexual nature. Emin attended the Royal College of Art in which she gained an MA in painting. We will write a custom essay sample on The Materials and Appropriation of Tracey Emin or any similar topic only for you Order Now But Emin has described this period in her life as a negative experience, as she felt as though the other students attending the college were far too posh, thus creating an alienated experience. â€Å"Emin has described feeling conspicuously different and alienated from other students. † (Brown, 2006, page 16) Emin is also a member of the Young British Artists group (YBAs) and it is also wildly known that Emin came up with the name for the Stuckism movement in which her boyfriend at the time Billy Childish was a member of. It is believed that the name for this movement came about by Emin claiming that his oeuvre was ‘stuck’. â€Å"Your paintings are stuck, you are stuck! – Stuck! Stuck! Stuck! (That is, stuck in the past for not accepting the YBA approach to art). † http://en. wikipedia. org/wiki/Tracey_Emin 16/11/2010 So who is Tracey Emin? Is she a painter, print maker, photographer, instalaitionist, film maker, sculptor or writer? I would actually consider Tracey Emin to be all of these professions, including much more, due to the wide variety of her skills. Her work consists of a number of techniques that we, as the viewer, have seen since she has been in the public eye from the early 1990’s. The range of materials Emin has used (and still uses to this very day) is very vast indeed. There are very few artists out there in the world who use such an amount. Instead of just complying with the normal standard of art and just subjecting herself to a limited supply of materials, but then again most contemporary artists tend to think outside the box and do not want to conform to normality. The main piece of Oeuvre that I was to talk analyse is Everyone I Have Ever Slept With 1963-1995 1995, otherwise known as ‘The Tent’ (fig 1 and 2). This was originally shown at the South London Gallery as part of a group show called ‘Minky Manky’, which substantionaly became the turning point in Emins career. In regards to the materials Emin has used, the overall body of this piece is actually a shop brought tent (ready made object), which is the shape of a hexagon. It makes me wonder how Emin came about in deciding that this was the tent to use. I can just imagine Emin visiting a substantial number of retail shops searching for ‘the right tent’. Maybe this tent in particular just had that ‘ju ne se qua’ about it that drew Emin towards using it. She has also introduced more forms of materials such as an old mattress that she has placed inside of the tent with the text ‘with myself, always myself, never forgetting ‘appliqued on the bottom of the mattress in the centre. Inside of this small tent Emin has listed all the names of everyone that she has ever slept with during the time period in the title, 102 in fact. Her use of re- appropriating in regards to the appliques method which also includes the use of materials also used in this piece is something that I will be looking into a little later on. I find this really intriguing, as the use of appliques is quite an old fashioned way of making art these days. For centuries women all over the world had used this technique as a simple way of passing the time, as it was not even considered art in itself, and yet here we have a Young British Artist using this old fashioned method as part of her core work. Emin has even used this very same method in other pieces of her work including ‘Hate and Power can be a Terrible Thing 2004’. Now at first I thought this was an arbitrary shameless exhibition of her past sexual conquests. But when I took the time to look at the pictures of ‘The Tent’ (As it would now be impossible to view this in any art gallery, as it was destroyed in an unfortunate fire at the Saatchi Gallery in 2004), I was able to see that included in those names are members of her family, including her twin brother and also her unborn children i. e. , foetus 1 and 2. As I have already mentioned, that this could have been portrayed as an exhibition of past sexual conquests, Emin claims herself that all of the people she has named within the tent are in fact about intimacy and purely nothing sexual. â€Å"Some I’d had a shag with in bed or against a wall, some I had just slept with, like my Grandma. I used to lay in her bed and hold her hand. We used to listen to the radio together and nod off to sleep. You don’t do that with someone you don’t care about†. http://en. wikipedia. org/wiki/Everyone_I_Have_Ever_Slept_With_1963%E2%80%931995 23/10/10 I know from reading about Tracey Emin regarding this piece that the members of the audience that went to view this piece, have said that when they emerged from he tent they were thinking about their own past lives, including the people they have cared about â€Å"Some observers found the action of climbing inside the tent to read the names strangely intimate. http://news. bbc. co. uk/1/hi/3753541. stm 15/11/2010 This just goes to show that she has deliberately played with our minds to make us instantly think about what she wants us to think about, and that is those we care a great deal about. As Emin has said herself, it’s all about the communication. She has more or less re-appropriated this method and made it her own. Instead of sewing the regular ideals of something traditional such as a quilt or clothes in that matter, that would usually be commissioned using this historical method, she has re-invented this technique and used it for something to express her past sexual experiences through the representations of her own body, not necessarily physically for the viewer to see, but through the senses in ways that Emin portrays by symbolising the names of her past. Could Emin be playing with the Signs and Codes of ‘The Tent’? I honestly believe that she could well be. I feel that she is trying to tell us through When it comes to discussing such signs and codes Ferdinand de Saussure (1857-1913) believed that the signs and codes where a way in which the artists and audience could communicate. â€Å"Saussure believed that all of culture is made up of signs. That is to say, social life is characterised by the circulation and exchange of forms to which convention has been given meaning. A sign for Saussure is simply any device through which human beings communicate to each other†. Ward, 2003, page 83) However all of these names have been Appliqued, are those of family, friends and boyfriends (One of which is her former boyfriend Billy Childish). When I think about the signs and codes Emin has used, I start to wonder, did she do this on purpose? Is she forcing me as a member of the audience to subconsciously think about all of the people that I have ever cared about in my own life? As Emin has stated in the quote above that this piece is about intimacy. I believe that Emin has truly cared about all of these names at some point in her own life, as the time and effort she has taken to create this. The use of appliques, which is the term for sewing fabric directly on top of more fabric, of which she has used to attach all of the 102 names inside. This is in itself is a time consuming process and I believe that this is truly a sign to show that she has put as much effort into creating this Oeuvre as much as she did with the relationships in her life. Tracey Emin also uses representations of the body in a number of her drawings and monoprints. Here she uses the method of monprint as a way of capturing her thoughts and ideas. Usually these thoughts are again to do with her turbulent past. When you look at her drawings such as Suffer Love II, 2009 (fig 3) in which you can only see of what is presumably Emins own body is that of two naked legs erotically spread open wearing high heel shoes , you can see who her influences are e. g. Egon Shiele (fig 4). â€Å"Schiele’s eroticism and emphasis on childhood sexuality took this interest to a moral extreme. His depictions of childhood sexuality are a dangerous theme, and one shared by Emin†. (Brown, 2006, page 29) Here you can see that she is expressing her thoughts entirely just by a simple yet effective drawing. Both of the artist’s drawings are very alike in terms of the irrational lines that express how they must have been feeling at the time they were produced. Although Emins work is mostly of sexual emotions, her work does engage the audience. â€Å"Emin is a storyteller whose subject matter comes from Emin’s own rich life. Through the poetry of her honest retelling of unique and intimate life-events Emin establishes a generous dialogue between the viewer and the artist. † http://www. saatchi-gallery. co. uk/artists/tracey_emin. htm 20/10/2010 Although some of her work can be quite controversial. Everybody at some point over the years has heard of Tracey Emin either through television or from reading newspapers and magazines, regarding her radical use of her exploration of her own body and personal past life. Her work is very autobiographical, in which her main source of study is herself, and about her past experiences in which she obviously wants to share with us. I would say that in that situation she must either be very naive or just completely an exhibitionist. At first I was unsure as to why I should write my essay on Tracey Emin, but after researching her, I have come to understand the ‘method in her madness’ so to speak. The way in which your mind starts to think in overdrive in how and why she creates such pieces of oeuvre and why she mostly only concentrates on certain parts of her past. I feel that all she is trying to achieve is basically instead of writing a book on her past life, she is giving us the visual experience instead, as sometime books can literally be boring with their little pictures and overrated text, but Emin takes away the boring text and replaces them with bold, brass exploiting words that make you want to read and want to learn more about her. How to cite The Materials and Appropriation of Tracey Emin, Papers

Wireless Technology in Grand Wines Ltd

Question: Discuss about the Wireless Technology in Grand Wines Ltd. Answer: Introduction: This assignment includes with solving the problems related to inventory ordering system of Grand Wines Ltd. The assessment consists of preparation of a SWOT Analysis, then providing Grand Wines Ltd a preferable project agreement and by implementing a suitable message to Grand Wines Ltd. One of the most renowned wine industries in Australia is Grand Wines Ltd; with the evolution of technology it is necessary for every organization to change. The Australian consumes half of their wine production and the remaining is been exported. The troubles Grand Wines Ltd facing is lack of expertise in their inventory ordering system. And their Sales Representative along with their valuable customers is disappointed with the delays while making an order in the System. The current scenario of Grand Wines Ltd can only be solved by implementing modern methods of ordering systems which includes introduction of Wireless Information Access Device into the System. SWOT ANALYSIS: The SWOT Analysis includes in identification of the Internal Strengths and weaknesses as well as the external opportunities and threats associated with Grand Wines Ltd. The SWOT Analysis will provide a detail outline of all the problems related to Grand Wines Ltd in this case study. And after the accomplishment of the Wireless Data Entry Device in their inventory ordering system it will be beneficial for Grand Wines Ltd in developing their business and increasing sales growth .The SWOT Analysis is done taking into the consideration the Wireless Technology and its implication on Grand Wines Ltd (Azim and Hassan, 2013). Strengths 1. Reducing Time of Delivery 2. Improving Sales Growth 3. Satisfied Customers 4. Reduction of Cost 5. Uninterrupted Communications Weakness 1. Reducing misinterpretation of Deliveries 2. Failure of Data Protection 3. Theft of Device 4. Unavoidable System Error 5. High Maintenance Cost Opportunity 1. Time Reduction Process 2. Gathering of Potential Figures 3. Increasing Inventory Control 4. Uninterrupted Processing of Data 5. Efficiency in Data Allocation Threats 1. Danger of Information Loss 2. Increasing Technological Dependence 3. Regular Software Updating 4. Inadequate Skilled Representatives 5. Employment of Server Controller Figure 1. SWOT Analysis Project Manager: Name, Email, Telephone No Project Objectives: Introduction of Wireless Data Entry System. Improving the Inventory Control Mechanism. Reducing unnecessary Cost. Satisfaction of Customers. Acceptance Criteria: The Project completes inside allotted time. The project gets executed with the allocated budget. The Stakeholders are happy after the conclusion of the project. Increasing Profit and Sales of Grand Wines Ltd. Assumptions and Constraints: Surveying the consumer about the usage of Wireless Data Entry System. Identification of ambiguity in the Data Entry System. Analysing the suitable repayment time for Grand Wines Ltd with reducing cost of the company. Educating the floor representatives about the practice of Wireless Data Entry Device. StakeholderList: Stakeholder No Name and Signature Role and Responsibility Position Contact Information 1 Management CEO 2 Investment Sponsor 3 Managing the Team Team Leader 4 Technical Expertise IT Personal 5 Advertisement Marketing Consultant 6 Research and Development R D Team 7 Auditing Financial Advisor Lessons Learned: More time consuming method for Sales Representative as they have to synchronise data properly. Inefficiency of the representatives in adapting the change. Charter Signoff: All the above mentioned Stakeholders are required to sign in the respected part of the table. Figure 2. Project Charter Created by: Author Communication Template Plan: The main objective of this plan is to provide Grand Wines Ltd with solutions for the problems they are facing in their Inventory Management Process. As per the case study implementation of Wireless Data Entry Device into the inventory ordering system should solve the difficulty of the customers. With the help of proper technical expertise, Grand Wines Ltd will be able to earn profits and increase their sales growth respectively. The team communication structure will consists of both horizontal and vertical communication methods. Usage of verbal, oral and written communication needs to be followed. Interaction between all the levels of hierarchy is needed to be done for the success of the plan (Azim and Hassan, 2013). The most important factor of this plan is to understand the situational behavior of the Sales Representative in the market floor. To complete the project successfully the purpose of the plan must be drawn perfectly to understand and evaluate the project perfectly. Change Management: There is always a need of change in the felid of business and with the help of globalization change is inevitable for any organization. Evolution of technology provides constant measure for changing business environment. In this case study Grand Wines Ltd Stakeholders are going for a drastic change plan. The company was following traditional methods of keeping and maintaining inventory but they were facing problems regarding supplying of products to their customer. The introduction of Wireless Data Entry Device in Grand Wines Ltd is done to solve the problem. Changes in the project plan will have an adverse impact on the team. As the given resources, time and budget for the project is limited any major drawbacks to the project will unnecessary lead to loss to time and money (Burke, 2013). Meeting Agenda: The team needs to arrange successive meetings during the continuation of the project to evaluate and examine the progress of the plan. There will be some predetermined objectives that are needed to be completed at the end of each gathering. This could include testing of Wireless devices from time to time; examining various kinds of wireless data entry softwares in the market, proper budget segregation in time of purchasing devices and providing adequate amount of training to the floor representatives (Chong, 2014). Stakeholder Information to be shared Frequency of information exchange Location of information exchange Purpose of communication Mechanism for communication Who What When Where Why How CEO Progress of Plan Weekly Head Office Informative Situational Sponsor Budget Allocation Monthly Head Office Influential Resonance Team Leader Efficiency of the Team Daily Field Expectation Empathic R D Team Technical Faults Daily R D Department Influential Situational Financial Advisor Financial Plan Monthly Head Office Informative Situational Figure 3. Meeting Agenda Created by: Author Conclusion: The implementation of Wireless Data Entry Devices in the inventory ordering system of Grand Wines Ltd is quite necessary as they are facing internal problems in communication and order failure. To compete in the market place it is mandatory for Grand Wines to change their technological infrastructure immediately. There are many advantages of the wireless technology which consists of Low Cost to the company, easy and friendly to use and mobility of the device that can be accessible from anywhere. In Grand Wines Ltd the wireless technology will provide less delivery time. Proper information regarding inventory control will be an added benefit. It will also lower the distribution and interactional cost associated with the company. As being one of the most renowned wine industries of Australia this change will bring huge growth potential and business development in Grand Wines Ltd. With the changing business environment it is necessary for all the companies to adapt new technological expertise which will provide in acquiring organizational goals. In case of Grand Wines the success of this project depends on how well they make their customers happy and provides elite services to them References: Azim, R., Hassan, A. (2013). Impact analysis of wireless and mobile technology on business management strategies. InInformation and Knowledge Management(Vol. 3, No. 2, pp. 141-150). Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Chong, S. (2014). Business process management for SMEs: an exploratory study of implementation factors for the Australian wine industry.Journal of Information Systems and Small Business,1(1-2), 41-58.

Leadership Trait Theory

Question: Describe about the Leadership for Trait Theory. Answer: Introduction The Indian Army Forces be present to support the models of the formation of India. Indian Army is the main constituent of countrywide strength. Its most important responsibility is to conserve national awareness and preserve independence, protective reliability and accord of India adjacent to any outside intimidations by anticipation or by incoming conflicts for the nation. Its another prime responsibility is to lend a hand for government organizations to manage with the proxy war and different inner risks and supply help to the civil right at that time, request for the reason. It provides as the eventual apparatus for upholding the unity and the truthfulness of the country in the point of outer risks and interior conflict and turbulence (Chibber, 1985). Leadership is one of the most important factors for the Indian Army to uphold their reputation in the world. Indian Army is the 2nd largest standing army within the globe. Leaders are the individual who can influence the groups, peop le or individuals to achieve the organisational or individuals aims, objectives and goals (Smythe Norton, 2007). To maintain the large standing army in the Indian Army, there are several major, lieutenant general, general, major general to lead there team and permit them to become more effective in their job responsibilities. In this whole paper the leadership style, theory and significance of the leadership in Indian army has been discussed thoroughly. Main Body Analysis The modern leadership theory is basically based on the three eras of modern leadership research. The initial theory of leadership was Trait theory. That is initiated in the year 1800. The modern leadership research is based on the three eras which are Trait eras (18000 to mid of 1940s), the Behaviour era (mid of 1940 to 1970s), and last but not the least, Contingency era (early 1960s to present). According to theses leadership theory, the Indian army leaders has maintaining their leadership strategies. According to the Trait theories, it can be understand that the leaders are born to lead and they have effective and some special characteristics, traits in their personality. According to the Trait theory, it can be stated that the leadership is a natural aspects for a person. In this leadership style it can be said that leaders character plays a minor role and this is not a dominant factor in the leadership style (Tracy, 2014). On the other hand, according to the behavioural theory the leaders can easily access, taught and observed the objectives. In this theory, the behaviours are basically dependent on two categories; one is task based and another one is relationship based. According to the behaviour theory, the leadership style can be described into three types such as: Autocratic leadership style, Democratic leadership style and laissez faire leadership style (Burns, 1978). According to this theory, it can be analyse that instead of analysing the effective leader this behavioural approach highlighted that what an effective leader can do in his job role. Apart from the trait theory, this behavioural theory has some advantages. The most important advantages of this theory are it can be observed more objective based rather than traits (Singh, 2005). To get the proper knowledge about the values and ethics in the leadership within the Indian Army, the researcher has done several researches and obtains some views and response from the former and present Indian Army team members. According to Nixon Fernando, who has several times education knowledge at the impressive National Defence Academy, while he has appointed for lecturer post for out the confronts in leadership expansion for the Indian army, captivating a message on Indian armed heads concerning on information of indiscretions, amplified bribery, dishonesty and in addition case of fight among the team member and the executives (Safire Safir, 1990). This is endorsed usually to deprivation of worth in civilization; nevertheless the touch of doubt also directs at the imperfections within the leadership improvement processes in the Indian Army. Fairly of course, at that time, leadership is alleged problems as well happen regarding the procedures of hiring and preparation of the executives. Leadership can be defined as a subject of trustworthiness, intelligence, courage and humanness. To maintain the values and the ethics of an organisation like Indian Army, leadership qualities of the leaders plays very significant role to manage the team members (Gill, 2006). Due to the vast number of team, the leaders need to adopt effective leadership qualities and capabilities in their job role. The leadership styles of the leaders need to obtain according to the proper situation basis. Sometimes the leaders of Indian army need to take some decision within the instant moment at that time the leaders focuses on the autocratic leadership style an d they mainly depends on the objective oriented leadership qualities. Leadership maintain the organisational culture by maintaining the values, beliefs and ethics within the organisation. In Indian army the leaders needs to focus on the moral principle of the organisation and they needs to adopt effective leadership style to uphold the performance and achieve the organisational objectives. To get the positive outcomes in the leadership, the leaders of the Indian army requires providing effective motivational plan in their job role. To motivate the team member in the army squad, the leaders of the team needs to offer effective reward management style for their team members to get effective outcomes in their performance (Giuliani Kurson, 2002). Discipline management is one of the most important elements in the Indian army. To motivate the team members effectively, the leaders of the Indian army interact with the team and communicate with them in a superior manner to understand their requirements and they also encourage them to perform well for the count ry. By motivating the team members in the Indian army, the leaders can aware them about the organisational core values and the prime objectives of the organisation. By giving proper awareness about the organisational objectives, values and principles, the leaders can minimize the internal conflict within the Indian army squad which can be benefited for the leaders to promote new strategies and implement some plan in their job role for greater adoption of the people (Lawler, 2005). On the other hand, to develop the effective leadership style and approach in the Indian army according to the different views from different gems of Indian Army has given some feedback. Lt Gen Mukesh Sabharwal, PVSM, AVSM, VSM (retired) also highlighted some confronts of Human Resource Management within the Indian Army and regarded it like tremendously imperative matter for the reason that its potency has for eternity been its warrior. The Lt Gen also stated that organization does not change, its individuals act; stages and groups do not protect the state, individuals do. For changing socio economic norms causes, Nitin A Gokhale stated on this matter the Impact on Indian army and demonstrated Why is executiveteam member connection deteriorating in the Indian Army? also emphasized the leadership subject of Indian army (Roy, 2012). On the matter of Ethics and Military, S.R.R. Aiyengar correctly emphasized the mistake processions in Ethical behaviour which can be affect the armed Leadership as loyalty pattern, make for achievement, thing with icon, totalitarianism against individual instance, mainstream have the emotion that unprincipled executives are building to senior positions, faith of endings mitigating the indicates, self-centred, endorsement adjusted performance, disrespect for main beliefs, achievement of the most unimportant of assignment with zero tolerances, and abnormality in personal performance (Leadership, 1993). International approach adoption is one of the most effective ways in the leadership style for a leader. Before adopting an effectual leadership style within the organisation, the leaders of the team needs to aware about the role of level, age, and size of the organisation (Mulroy, 1993). In most of the European country, the leaders reflects more democratic leadership style for making motivated and satisfied the worker or the team members. To get effective outcomes in their job role, the Indian Army leaders needs to focus on this development and transformation in their leadership (Leitch Stead, 2016). To attract more youth generation towards the Indian army, the leaders often adopts more motivational and influencing plans. By the help of effective sustainable actions in the job role, the nation can mitigate strive in their difficult situation. Involving a regulatory surrounding in the organisation can enhance the performance for the individuals and the team can perform well in the global platform. Conclusion From the above study it can be concluded that, leadership plays a pivotal role in every organisation, if that is a small scale organisation or a whole nations army management. To manage the team members within an organisation, the leaders needs to promote them up and by the help of effective communication process and proper reward management style, they can satisfy the team member to enhance their job performance. References Burns, J. (1978). Leadership. New York: Harper Row. Chibber, M. (1985). Leadership in the Indian Army during eighties and nineties. New Delhi: United Service Institution of India. Gill, J. (2006). Leadership in the Indian Army: Biographies of Twelve Soldiers (review). The Journal Of Military History, 70(1), 289-291. https://dx.doi.org/10.1353/jmh.2006.0044 Giuliani, R. Kurson, K. (2002). Leadership. New York: Hyperion. Lawler, J. (2005). The Essence of Leadership? Existentialism and Leadership. Leadership, 1(2), 215-231. https://dx.doi.org/10.1177/1742715005051860 Leadership. (1993). Alexandria, Va. Leitch, C. Stead, V. (2016). Special Issue of Leadership: Gender and Leadership. Leadership, 12(1), 127-128. https://dx.doi.org/10.1177/1742715015625415 Mulroy, K. (1993). Freedom on the border. Lubbock, Tex.: Texas Tech University Press. Roy, K. (2012). The Indian Army in the two World Wars. Boston: Brill. Safire, W. Safir, L. (1990). Leadership. New York: Simon and Schuster. Singh, K. (1998). Overcoming crisis in leadership. New Delhi, India: Manas Publications. Singh, V. (2005). Leadership in the Indian army. New Delhi: Sage Publications. Smythe, E. Norton, A. (2007). Thinking as Leadership/Leadership as Thinking. Leadership, 3(1), 65-90. https://dx.doi.org/10.1177/1742715007073067 Tracy, B. (2014). Leadership. New York: American Management Association.