PA Mod 5 disc Assignment Example | Topics and Well Written Essays - 250 words

PA Mod 5 disc - Assignment Example y include improving its coordination with other emergency response agencies as well as its unity of command, modernizing its information systems to boost counterterrorism. Lastly, the reports recommendations also suggest that FBI should improve its strategic analysis of terrorist networks and groups as well as their communication methods. A number of the Commission’s recommendations have to some extent been implemented both by the subsequent laws and the executive order. For example, unity of command has significantly improved through the establishment of a joint action where information sharing (Decker, 188) On the other hand, the agency has learnt how to communicate and work in harmony with each other. The allocation of a portion of the radio spectrum called the â€Å"D-block† directly to public safety for a nationwide network, which would in-turn ensure a network of communication between the agencies has also been adopted. In conclusion, the recommendations of the 9/11 Commission’s report recommendations have largely been good for the agency because they have not only enhanced the power of the agency to collect data and intercept communication but also to collect information during the investigation of terrorism. Although it is hard to tell whether the proposed reforms will help in terrorism prevention, I believe these new provisions will work toward ensuring that FBI as an agency is able to fight terrorism

Transferring Essay Example | Topics and Well Written Essays - 250 words

Transferring - Essay Example I must confess that upon rejection, I remained extremely disturbed for a considerably lengthy period of time; not because I found myself incapable of achieving my aim, but because of being rejected for a reason that was beyond my control. My friends helped me during that phase by sending messages like â€Å"realize that there are things which arent under your control, no matter how hard you try.† But to me, all this appeared to be an oversimplification of the reality as I strongly believe that those who hide behind excuses like â€Å"things are not under control†, may never be able to take control of their lives; let alone bring a positive change in the world. For this reason and also due to the fact that I like this private institution because of the limited strength of classes that enhances student-faculty interaction, I mustered up courage to give a second try to fulfill my dream of studying at the Trinity College. I am confident that if I am given a chance to study at the Trinity College, my stay will not only be beneficial for myself, but also for my fellow students as I love to share knowledge with others and always take active part in ventures that enhance learning in a collective

Steps in Company Formation

Steps in Company Formation INTRODUCTION A company is a group of persons associated together for the attainment of a common end, social or economic. Or we can say a company is an association of individuals formed for some common purpose. The company incorporated under the section 3 (1)(i) of the Companies Act 1956 or some earlier company Acts. Companies incorporated under the companies Act 1956 are mostly business companies but they may also be formed for promoting art, research, charity, commerce, or any other useful purpose. A company, formed and registered under the Company Act, is regarded by law as a single person, having specified rights and obligations. The law confers on a company a distinct legal personality, with perpetual succession and a common seal. OBJECTIVE OF THE TERM PAPER The objective of the company formation is To know, grasp the application of the corporate business law. To know about the essential step to company formation To know what are the essential documents regarding to the company formation. To know about the legal formalities that is required for the formation of company. FORMATION OF PUBLIC STEEL INDUSTRY STEP 1- SELECTION OF THE TYPES OF THE COMPANY:- We are forming PUBLIC COMPANY, section 3(1) (iv) of the companies Act 1956. We establish a steel industry. It is basically the manufacturing industry of steel. STEP 2-SELECTION OF NAME FOR THE PROPOSED COMPANY:- For the selection of name for the company following measures are taken by my team members:- CIRCULARS:- GENERAL CIRCULARS which are issued by the GOVERNMENT OF INDIA, MINISTRY OF FINANCIAL AND CORPORATE AFFAIRS. It is send or issued to all the registrars of the company and it is also issued to the regional and board of directors of the company. We have kept in all the parameters regarding the formation and naming of the steel company in steel sector. For example, we have kept in mind what all things and legal aspects are important for the formation of company and what all are its requirements. ACTS AND BILLS:- After we had finished up with the circulars and other legal formalities under company bill we then move to billing part. Under this various clauses are involved such as:- Short title Commencement and application Memorandum Articles of association Companys register charges Removal of board of director MEMORANDUM OF ASSOCIATION THE COMPANY ACT, 1956 MEMORANDUM OF ASSOCIATION OF GANDHI TELECOM LTD Contents of Memorandum: The memorandum of association of every company must contain the following clauses given below:- Name clause- The name of the company is mentioned in the name clause. A public limited company must end with the word Limited Name of company:- Gandhi Telecom ltd. Gupta Telecom ltd. Prashant Telecom ltd. Sham Telecom ltd. Dines Telecom ltd. Gupta telecom name is already registered Prashant is not suitable for the company Sham and Dines not agreed by the members. So we decided the name GANDHI TELECOM LTD Registered Office clause- 176, urban estate, Industry area, Phagwara, pin code: 144401 Object clause- This clause is the most important clause of the company. It specifies the activities which a company can carry on and which activities it cannot carry on. The company cannot carry on any activity which is not authorized by its MOA. This clause must specify:- To provide communication service as like local calls, S.T.D calls, local and National SMS across India and I.S.D calls. To provide value added service. To provide internet services. To provide broadband services. TO increase the market share. To provide the wider range network. OBJECTS OTHER OF THE MAIN OBJECT ARE: To enter into arrangement for sharing profit, union of interest, cooperation or joint venture with any person firm or company. To appoint to deal with or to act as agents, sub agents, dealers, sub-dealers, Distributors for selling or purchasing or dealing with the product s or services related to the business of the company. To do all such acts and things as may be necessary to carry out business of the Company. Liability clause:- The word company in this memorandum when company applied otherwise then to this company shall whenever the context so required or admits be deemed to include any authority, partnership or other body of person whether domiciled in India or elsewhere. The liability of the member is limited by share. The authorized share capital of company is Rs. 50, 00,00000 Submission of document of the Company: For the registration of the company, it is essential to ascertain from the Registrar Of Companies if the proposed name of the company is approved. Then the following documents duly stamped together with the necessary fees are to be filled with the Registrar. Memorandum of association, prepared according to the company act 1956, and signed by at least 7 persons in the case of public company. And duly signed by subscribers. The Articles of association, the public ltd company is limited by guarantee and private companies are limited by shares. The agreement, if any, which the company proposes to enter into with any individual for appointment as its managing or whole time director or manager [sec. 33(1)]. The list of the directors who have agreed to become the first directors of the company and their written consent to act as director and take up qualification shares. A declaration by any of the following persons, an advocate, an attorney or a pleader, a chartered accountant , or a person named in the articles as director, manager, or secretary of the company. The registration fees of a company are fixed on the graduated scale on the amount of nominal capital or the number of members. There is also a filing fee per document. If the Registrar is satisfied that all the required documents of the act have been compiled with, he will register the company and issue a certificate called the Certificate of Incorporation. FORM NO. 1 Registration No. of Company 14456. Nominal Capita: Rs50crore . THE COMPANIES ACT, 1956 Declaration of compliance with the requirements of the Companies Act, 1956 on application for registration of a company [Pursuant to section 33(2)] Name of Company GANDHI TELECOM LTD Limited/Private Limited Presented by Sham sunder Gandhi I, ., of do solemnly and sincerely Declare that I am [1] major who is engaged in the formation of the company, or a person Named in the articles as a director/manager/secretary of the Limited/Private Limited. And that all the requirements of the Companies Act, 1956, and the rules thereunder in respect of matters precedent to the registration of the said company and incidental thereto have been complied with. And make this solemn declaration conscientiously believing the same to be true. Date 25-11-2009 Sham sunder Place phagwara Signature Witness Rajesh Sham Sunder Designation 1. An advocate of the Supreme Court of the NOA . High Court, an attorney or a pleader entitled to appear before the ..NOA. High Court or a chartered accountant practicing in India. 2. State whether director, manager / secretary /advocate/ chartered account. FORM NO. 18 Registration No. of the Company 14456 Nominal Capital: Rs50crore THE COMPANIES ACT, 1956 Notice of the situation/change of situation of registered office [pursuant to section 146] Name of the company GANDHI TELECOM LTD Notice is hereby given that - (a) the registered office of the company is situated .with effect from 22-11-2009 [date] (b) the situation of the registered office of the company of was changed from NOA to with effect form . [date] Situation of registered office falls under the jurisdiction of (name of the police station).* Dated this Day of 19 Sham sunder Signature SHAM SUNDER GANDHI Name (In Block Capitals) Sham Sunder Designation . FORM NO 29 Registration No. of Company ..14456 Nominal Capital Rs. 50crore. THE COMPANIES ACT, 1956 Consent to act as director of a company and/or undertaking to take and pay for qualification shares [pursuant to section 264(2)/266(I)(a) and 266(1)(b)(iii)] Name of company .GANDHI TELECOM Limited Presented by ..SHAM SUNDER. To the Registrar of Companies NOA. . I, the undersigned, hereby testify my consent to act as director of the .. limited, .. pursuant to section 264(2)/266(1)(a) of the Companies Act, 1956 and certify that I have not been disqualified to act as a director under sections 267 and/or 274 of the Companies Act, 1956. I, the undersigned having consented to act as director of the Limited, also hereby undertake to take from the said company and pay for .. shares of Rs. .. each, being the number/value of the shares prescribed as the qualification shares for the office of director of the said company. Name and surname in full and fathers names Address Occupation Date of birth Nationality Signature 1 2 3 4 5 6 Vijay Kumar Mehli gate, Phagwara Business 15-4-1984 INDIAN Vijay Signature: SHAM SUNDER.. Designation .Sham Sunder.. Dated the day of .. 19 Notes: (1) Delete the portion not applicable. (2) If a director signs through his agent authorised in writing, the authority must be produced before the Registrar. (3) In case of undertaking to take and pay for qualification shares, the from should be accompanied by the necessary stamp duty. FORM NO. 32 Registration No. of Company 14456. Nominal Capital Rs. 50CRORE THE COMPANIES ACT, 1956 Particulars of appointment of directors and manager and changes among them [Pursuant to section 303(2)] Name of Company .GANDHI TELECOM LTD Presented by SHAM SUNDER Note: If a company has no particulars to be included in one or two of the headings ‘A ‘B and ‘C the parts containing those headings (in respect of which the company has no particulars to be included) need not be filed. A. Appointment of and changes among directors. Name or names and surname in full Fathers/ husbands name Usual residential address Nationality Date of appointment or change Brief particulars of changes 1 2 3 4 5 6 1. vijay kumar Madan Baanga Mehli Gate Phagwara INDIAN 10-4-2009 NO Notes: (1) A note of changes should be made in column 6 e.g. by inserting against the name of new director, etc. the words â€Å"in place of and by indicating against the name of the former director, the cause for the change, e.g. by death, resignation, retirement by rotation, disqualification etc. (2) In case of managing director, his designation should be stated with his name in columan1. B. [***] C. Appointment of and changes in manager ship and secretary ship. Name or names and surname in full Fathers/ husbands name Usual residential address Nationality Date of appointment or change Brief particulars of changes 1 2 3 4 5 6 Rajesh Kumar Pardeep kumar jalandhar INDIAN 10-4-2009 NO Dated the day of ..19 Signature .SHAM SUNDER. DesignationSham Sunder.. Notes: (1) For the purposes of this form, particulars of a person appointed as manager within the meaning of section 2(24) of the Companies Act, 1956 need be given. (2) A note of change as also the cause of change e.g. by death, resignation, removal, disqualification, etc. should be stated in column 6. Article of Association The Gandhi telecom Limited contains following rules and regulations and also bye-laws for the internal management of the affairs of a company. The articles are next in importance to the Memorandum of Association which contains the fundamental conditions upon which alone a company is allowed to be incorporated. They are as such subordinate to, and controlled by, the Memorandum. Contents of Articles Share capital The Share capital of the company is Rs. 50, 00, 00,000 (Rupees fifty crore only). They have been divided into 10 crore Equity shares of Rs.100 each (Twenty rupees only), with the provision of the company Act, 1956 Capital of the company The capital of the company may increase from time to time, by the creations of the new shares. This increase in the amount is to be divided among all the shares holders. Reduction of capital The Company may subject from time to time by special promise will reduce its capital or Share Premium Account in any manner for the time being authorized by law and capital may be paid off in the future. Share and certificate The share certificates will be issued free of cost to all the shareholders of the company. The shares in the capital shall be numbered progressively according to their value. Any share forming part of any increased capital of the company shall be under the control of the Directors who may issue and allot or otherwise dispose of the same or any one of them to such persons n such proposition and on such terms and conditions. Acceptance of shares Any application signed by or on the applicant for shares in the company followed by an allotment of any share there in shall be an acceptance of shares within the meaning of these Articles. Renewal of Share Certificate No fee shall be charged for the issue of new shares certificates in the replacement of the old ones. Calls on shares Company may from time to time, subject the terms on which any shares may have been issued and subject to the conditions o allotment which is passed at a meeting of the Board. Share warrant The company may issue share warrants subject to and in accordance with the provisions of sections 114and 115. The Board may in its discretion with respect to any share which is fully paid up on applications in writing signed by the persons registered as holder of the shares. Transfers of shares The transfer of shares from one person to the other person will be made but with the information of the company. This change will be also made in the companys shareholders Catalogue. Forfeiture of the shares The shares of any shareholder can be cancelled if he or she is not able to pay the payment. The forfeiture of a share shall involve extinction, at the time of the forfeiture, of all claims and demands against to the Company in respect of the share and all other rights incidental to the share, except only such of those right as by these Articles are expressly saved. Surrender of shares The Directors may subject to the provisions of the Act, accept a surrender of any from or by any member desirous of surrendering them on such terms as they think fit. Lien on shares The company shall have a first lien upon all the shares, not being fully paid up shares registered in the name of each member and upon the proceeds of the sale thereof for all money called or payable at a fixed time in respect of such shares and no equitable interest in any share shall be created except upon the footing and condition here of is to have full effect. Winding up At the time of winding up the company is going to liquidate all its assets and the amount from the liquidation of the assets will be distributed to the debentures holders and preference share holders first and then afterwards the rest of the amount to the equity share holders. PROSPECTUS General information: Name : GANDHI TELECOM LIMITED Address: 176, Model Town, Industrial Area, Phagwara. Name of stock exchange: Ludhiana Stock Exchange Jalandhar Stock Exchange Chandigarh Stock Exchange Amritsar Stock Exchange Provision of Sub section (1) of section 68 A of the companies Act, 1956 relating to punishment for fictitious Applications. Statement/ declaration about refund of the issue if minimum subscription 90% is not received within 90 days from closure of the issue. Declaration about the issue of allotment letters/refund with in a period of 10 weeks and interest in case of any delay in refund at the prescribed rate under section 73(2) (2a) Date of opening of the issue: 12-december-2009 Date of closing of the issue: 18-12-2009 Date of earliest closing of the issue: 16-12-2009 Name and address of auditors: Vijay deep, Jalandhar. Capital structure of company Authorized Capital: 50 crore Issued capital: 40 crore Subscribed capital: Paid up Capital: ii. Size of present issue giving separately reservation for preferential allotment to promoters and others. Paid up capital: a. after the present the issue b. after conversion of Debentures Term of the present issue Term of present issue Terms of Payments. Right of the instruments holders How to apply-availability of forms, prospectus and mode of payment Any Special tax benefits of the company and its shareholders. Particulars of the issue: Objects To provide communication service as like local calls, S.T.D calls, local and National SMS across India and I.S.D calls. To provide value added service. To provide internet services. To provide broadband services. TO increase the market share. To provide the wider range network. To provide telecom networks and to run and maintain telecom services like basic/fixed line services, cellular/mobile services, paging, video-text, voice mail data systems, private switching network services, transmission networks of all types, computer networks like local area network, wide area network, Electronic Mail, Intelligent network, Multimedia communication systems or the combinations thereof. To promote establish Companies, Funds, Associations or Partnerships for providing telecom networks and/or to run and maintain telecom services like basic/fixed line services, cellular/mobile services, paging, videotext, voice mail and data systems, private switching network services, transmission network of all types, computer networks i.e. local area network, wide area network, Electronic Mail, Intelligent network. To guarantee/ counter guarantee the obligations of any of its subsidiary/ associate/ group companies and/or other companies in which the company has equity interest under any agreements/ contracts/ debentures, bonds, stocks, mortgages, charges and securities. Project cost Means of financing (including contribution of promoters) Company management and project History and main objects and present business of the company. Promoters and their background Name, addresses and occupation of manager, managing director Location of the project Collaboration, The products Following particulars in regard to the company and other listed companies under the same management within the meaning of section370(IB),which made any capital issue during the last 3 years. Name of the company: Gandhi Telecom limited Year of issue: 2009 Type of issue: Public (Public/Rights/composite) Amount of issue: Date of closure of issue Date of completion of delivery of share/debenture certificates. Date of completion the project Where object of the issue was financing of a project Rate of dividend paid Outstanding litigation pertaining to- Matters likely to affect operation and finances of the company including disputed tax liabilities of any nature; and Criminal prosecution launched against the company and the directors for alleged offences Management perception of risk factors (example: sensitivity to foreign exchange rate fluctuations difficulty in availability of raw material in marketing of product cost/time over run etc. SHRILONG Now therefore in consideration of the mutual covenants set forth herein and intending to be legally bound , the parties here to agree as follows. 1. Terms of agreement : This agreement will be begin [13-11-09] and will end [13-11-2010]. Either party may cancel the agreement in between [15 days] notice to other party in writing by certified personal delivery or by mail. 2.Time needed by them : It is Needed that your company employee will spend approximately [150] hours in these three months contract with the obligation of this contract. In a week a employee must devote minimum of [10] hour by taking care of their personal problems. 3. Place of services : According to the Contract at a location of consultanatss only be considered. The consultant will perform services on seminar halls, auditorium, or any other places as necessary to perform these services according to this agreement. 4. Payment made : We perform services on the rate of Rs 400/hr for work performed in accordance with this agreement extra time will be charged, on services provided. Payment must occurred on first three days of every month. 5. Confidential information : The [Gandhi Telecom ltd] agrees that any information recived during their contract period which concerts to personal, Confidence and will not be revealed to any other persons, firms and organizations. 6. In Witness Where of : The parties here to have excuted this Agreement as of the day and year First above written†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. REFERENCE TO THE INTERNET www.mca.gov.in www.vakeel.com www.roc.com

Reward and Punishment in Shakespeares Macbeth Essay -- GCSE English L

Macbeth:   Reward and Punishment    In Macbeth, a dramatic tragedy by William Shakespeare, the heroic characters are rewarded, and the evil ones are punished.   From her appearance in the play, Lady Macbeth is an evil woman who causes her husband's change of role.   She becomes insane with guilt and kills herself, receiving her punishment in full.   Malcolm, King Duncan's son, is a heroic and honorable person throughout the play.   He is crowned King of Scotland in the last act, and finally gets what he deserves.   Macbeth is on both sides of the fence.   He wins the battle in the first scene and is granted the title of Thane of Cawdor.   Macbeth lies and cheats his fellow men in the following scenes and is eventually killed in a heated battle with Macduff.   He receives both his reward and his punishment in the course of the five-act play.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Lady Macbeth makes her appearance in the play right after Macbeth receives his first predictions from the three Witches.   She does not think twice about her actions and starts planning Duncan's murder without consulting her husband first.   Lady Macbeth, however, does not feel that her husband has the heart to kill the King for the crown:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Glamis thou art, and Cawdor, and shalt be   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What thou art promise'd: yet do I fear thy nature,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It is too full o' the milk of human kindness   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   To catch the nearest way.   Thou wouldst be great,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Art not wit... ...rself due to the guilt felt for conning her husband into such treachery.   Malcolm is a very honorable person and slowly plans his revenge against the treasonous murderer of his father, King Duncan. In the years spent trying to find the truth about his father's death, he makes many allies and is rewarded for his patience with the crown of Scotland.   Macbeth plays both   trusting and villainous roles throughout the play.   He becomes Thane of Cawdor for his valor in a recent war and is later killed for his horrific actions against his enemy Macduff.   Throughout the course of the play, many people are misguided and others are told the truth, but almost all of the characters receive what they deserve at the end.   The moral of this story seems to be â€Å"What goes around, comes around† as well as, â€Å"Do unto others as you would have them do unto you.†

Company Analysis: Sears Holding Corporation Essay

Company Analysis: Sears Holding Corporation Abstract Sears Holdings Corporation (SHC) is the nation’s fourth largest broadline retailer with approximately 3,900 full-line and specialty retail stores in the United States and Canada. Formed in the later part of the 19th century it was the largest retail company in the country until the early nineties. SHC is currently the leading home appliance retailer as well as a leader in tools, lawn and garden, home electronics and automotive repair and maintenance. As a result of its merger with Kmart in 2005, SHC also has Martha Stewart Everyday products, which are offered exclusively in the U. S. by Kmart. SHC operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. In recent years Sears has undergone major changes in order to maximize its profits and beat its competitors. In the past several decade Sears has been the place to go shop for home goods, clothing, and fitness equipment and auto repairs. As time progressed they became very comfortable with what they hard as other companies such as Wal-Mart, Target, Lowes, JC Penny crept in and reaped a chunk of its market. In a struggle to re-invent itself, it tries to maintain focus on its primary and secondary target markets. Introduction The Sears Holding Corporation is a multinational corporation with retailers purchasing products in the United States, Canada, Mexico and Puerto Rico. It is the fourth largest retailer within the United States, with over 3900 locations and sells many different marketable goods for consumers. These goods include products such as tools, branded clothing, appliances, sporting goods, electronics, home maintenance and repair, and automotive from many different retailers (http:// www. searsholdings. com/). The Sears Holding Corporation is a result of the merger between Kmart Holding Corporation with the Sears Roebuck Co. which occurred in 005, and the headquarters is located in Hoffmann Estates, Illinois. The consolidated subsidiaries include Sears, Roebuck and Co. , Lands’ End Inc. , LRFG, LLC, Sears Brands, LLC, Sears Canada, Inc. , Sears Financial Holdings Corporation, Sears Reinsurance Company, Ltd. , Kmart Holding Corporation, Kmart Management Corporation, Kmart Cor poration, and the Sears Holdings Management Corporation(http:// www. secinfo. com/dVut2. v3ap. 5. htm#1stPage). Brief History The Sears Roebuck Corporation was founded by Richard Warren Sears and Alvah C. Roebuck in 1893. Sears started as a Jeweler who made a profit by selling watches. The most innovative and quite possibly the most famous method of sales synonymous with Sears was the Sears Catalog. Providing pictures of the products, the prices, and a handy item that could be ordered on a regular basis for sales was by far an ingenious method of marketing. Consumers would be able to purchase items with no markup, have knowledge of their budgets required for purchases, and be somewhat assured of the quality of the product based upon the appearance, marketable ideas and mainly products which could be sold, thus expanding Sears’ enterprise. Mainly from the early 1900’s throughout the 1980’s, Sears maintained its tronghold in America’s consumer market, especially in the 40’s and 50’s with its tremendous expansion. However, towards the 90’s and 2000’s, as many other big businesses arrived, divestiture, as well as problems associated with employee wage issues, Sears’ marketability dropped off until its merger with Kmart in 2005 (http:// en. wikipedia. org/wiki/Sears). Kmart first opened in 1962 and was founded by Sebastian S. Kresge. It was a relatively successful corporation and utilized marketing ideas within the store, namely â€Å"Blue Light Specials† which would entice customers to urchase the â€Å"blue light† or discounted items while they were shopping for their products. Unfortunately, due to failed ideas regarding consumer marketing, failure to utilize the computer technologies for supply chain management, and other setbacks, Kmart had to declare bankruptcy in early 2002. (http://en. wikipedia. org/ wiki/Kmart). Merger The merger between Kmart and Sears clearly enhanced both of the companies’ mutual progressive goals. Sears invested many assets in the formation of Sears Grand stores, larger off store malls, and in the process bought many of the Kmart locations which were going out of business. Therefore the merger helped this process so that it would enable the further growth of Sears at a quicker pace as well as enhance the productivity and save the Kmart Corporation. This was clearly a strong decision made by the executives in combining forces so that the marketability of both companies would increase. Along with this, the shareholders could make a tremendous profit with this alliance. Prior to the merger, if the independent companies were not steadily increasing their revenue shareholders would lose money from their investments. The combination of both of the corporations would mprove shareholder investment returns and thus facilitate the growth of the Sears Holding Corporation. The more investors receive higher returns, the greater investments into the company thus fostering its overall growth. The proprietary brands, selling the aforementioned products, under both companies would be able to reach the target demographic groups with greater ease. The real estate holdings of individual Kmart or individual Sears stores, now under the umbrella of the Sears Holding Corporation, could be leveraged, thus enhancing the ability to sell more of their combined products to a vast variety of consumers. This was reported to increase revenue by nearly 200 million dollars per year. Along with the increased revenue, a decrease in overall cost for maintenance of both corporations due to the merger would save nearly 300 million dollars per year (http://en. wikipedia. org/wiki/ Sears_Holdings_Corporation). A general projected net increase of 500 million dollars per year is a phenomenal growth rate. As mentioned previously, a global distribution of these stores in the North American continent (from Mexico to Canada) has enabled the Sears Holding Company to expand even further. Leadership Overall, this merger helped Sears Holdings Corporation be a force in the United States market. As the eighth largest company in the US, the profits and revenue have increased tremendously, but the lack of leadership and the constant changing of executive power has been a preventative factor in its further growth and means that a company cannot initiate new marketable strategies that will come to fruition. Employee stability and satisfaction in a large company is always an issue as well, because Job security is always in question when companies merge. Another downside to such mergers means that the people in executive positions can relocate o other positions at different companies, and strategies that were used to run a single company might not work due to multiple variables involved to create a Joint company. Initially, the decisions to run the Joint company might cause disagreements that might not necessarily increase the percentage of revenue on an annual basis. However, after testing market strategies over a period of time, implementing different methods to sell products, and keep investors happy by generating profits on a yearly basis, the company will eventually succeed through innovation and investment. SHC faces stiff competition from big box retailer such as Wal-Mart and Target. In the mid-tier its competitors include Macys,J. C. Penny and Kohl’s. Organizational Structure SHC recently implemented an organizational structure and operating model that aids in the management of its several business lines thus creating autonomy and focus for business unit management teams. This 5 unit structure enables each organization to focus on their core capabilities and categories which are: support, operating business, brands, online, operating business and real-estate. These support units provide administrative and operational support to the areas of arketing, store operations, customer strategy and finance. Each unit thus comes with a designated leader and an advisory group which is composed of Sears Holding executives. Giving autonomy to each unit futures the business by allowing them to focus on management and profitable of that Unit and the company as a whole (Reuters 2008). With these changes I believe SHC will be better placed to compete and maximize profits. Target market The primary target market for sears is arguably home owners between the ages of 25 to 55 with a moderate household income 25,000 to 60000 dollars. Homeowners make he majority of the population shopping at sears stores. This accounts for the sale in the hard lines department. Sears provides home improvement solutions to this group of people. This group is attracted by products such as home appliances, entertainment centers, home d? ©cor, and fitness equipments. The main appeal to these customers is home appliances and lawn and garden tools. This is so because Sears has a reputation for Secondary market targeted by SHC consists mainly the younger generation. In an effort to bring itself up to par with its competitors, they have been providing brands and clothing items in the soft lines department. This group consists of school age children (4-18). Sears offers products like the kids advantage program where parents can purchase shoes for their kids and be able to switch it for a new pair sometime down the road. Last year Sears teamed upped with LL Cool J and MTVto provide the LL Cool J brand appeal to the teenage population. This brand resonates better with young African American and Latino teenagers. Competitors In the hard lines division sears faces major competition from hardware retail giants such as Lowes and Home Depot. These two have managed to cut off some primary more variety home improvement products than sears. Their yearly sales post better profits than SHC. The soft lines department faces major completion from JC penny, Macy’s, Target and Wal-Mart. Macy’s and JC Penney have managed to chip away some of the market by providing better quality brand named apparel such as Liz Claiborne, Baby Phat, and Anne Kline to these customers. Both companies have managed to post better revenue than SHC the previous quarters. Retail Giants such as Wal-Mart currently (currently No. 1) and Target also provide stiff competition for SHC. These two also have managed to fair better than Sears during this harsh economic period ith Wal-Mart providing a variety of products at super low prices, while target provides more quality apparel at equivalent prices. Recent Performance The company recorded revenues of $46,700 million during the financial year (FY) ended January 2009, a decrease of 7. 8 % over 2008. The operating profit of the company during FY2009 was $251 million, a decrease of 83. 8% from 2008. The net profit was $53 million in FY2009, a decrease of 93. 6% over FY2008. The decline in operating and net profit was due to decrease in gross margin and higher impairment chargers. Stock Market Chart SHC http://www. reuters. om/finance/stocks/chart? symbol=SHLD. OQ The graph chart above illustrates how SHC has performed in the stock market since the merger in 2005. SHC has seen a constant struggle since the merger, the highest grossing year being 2007 when SHLD stock went for $ 190 and currently at $78 thanks to the current economic crisis. Of all the revenue grossed by SHC in recent and past years only 11% comes from Sears Canada meaning the most of SHC revenue is generated here at home: 55% form Sears domestic and 34% from Kmart as demonstrated by the Pie chart below. http://www. wikinvest. com/stock/Sears_Holdings_(SHLD) SWOT Analysts For decades the hard-lines department brought the highest revenue to the business and is considered one of the strengths of sears. Here we see the power of Sears’ owned brand named products such as Craftsman, Kenmore and the usual home improvement tools and equipments. Such are products that are nationally recognized as very reliable tools. In the soft-lines department sears brands such as Lands’ End and Diehard are also heavy sellers and nationally recognized. One other strength of sears is that it is dedicate to its community and customers. Sears has taken upon its self to provide excellence in customer services and for years has had a tring of dedicated customers. Sears is also involved in serving the community and helping the less fortunate. Programs like Heroes at Home and Extreme Makeover Home Edition has Sears written all over it. This dedication to the community has help exposed it to consumers The weakness of this corporation stands from what may have been one of its strengths. Though it has a large customer base, Sears has allowed its sales volume to plummet because they are not keeping up with the changing market environment. They have lost touched with the consumers and competitors when it comes to soft- ines (clothing) and some hard-lines divisions. Sears has undergone too much diversification and has thus lost focus on retail services (Prentice-Hall, 2003). Most of it retail stores today are not reflective of the needs of the consumer. Sears clothing line is old, outdated and out of touch with fashion trends. Currently retail stores are old worn out and do not attack customers. At present its current CEO has been interim so for 18 month indicative of managerial or leadership problems (Gorenstein 2009). Opportunity The merger of K-mart in 2005, was thought be the â€Å"silver bullet’ that would revamp he company, providing a variety of products and obtain an expanded customer base. So far SHC has post several quarterly losses with the most recent of 94 million dollar (SHC 2009). Sears has the opportunity to revamp or improve sales in the soft-lines department by buying and capitalizing on brands such as Liz Cleburne, Nine West that are appealing to customers. They currently have brands such as LL Cool J and Joe Boxers that are thriving in the male department. For the Hard-line department, while it is thriving sears can still provide affordable and durable products with the kind of guarantee that they have for Craftsman tools. In general a change to inventory that appeal to the consumers will bring in revenue and make Sears a better competitor. Threats Like any other company in business Sears faces a constant threat from its competitors. Sears current faces threats from retail giants such as Wal-Mart and Target. More over departmental stores such as Macys and JC Penny are also fighting for its customers. It is worth noting that all these business were babies compared to Sears in the past. More discount stores are opening further driving down sails in certain departments. Sears risk losing its customers if it doesn’t re-invent the stores o provide items that appeal to them. The economic down turn hasn’t been fair to SHC as they have posted record losses for the whole year and until the situation improves SHC has to take steps to reduce cost and increase profits or revenue. Supply Chain Management Sears’ main focus when supply chain management is concerned, is to replenish its inventory as quickly as possible. SHC has 3 basic products: seasonal products such a s lawn mowers and snow blowers, perennial best sellers and fast moving products that need to be replenished rapidly. Unlike many of its competitors, SHC provides 6 illion home appliances/home improvement deliveries directly to customers’ homes every year. To do this effectively SHC uses Cross-docking which is a type of distribution in which inbound products are unloaded at distribution centers, sorted by destination and then loaded onto delivery trucks. Thus the goods are not warehouse i. e. they are Just moved across ducts This reduces the days in inventory positioned its inventory in 4 regional warehouses so it can provide next-day delivery to it customers and quickly replenish store supply. Recommendations How can we stars fixing the problems faced by sears? Starting from the top, a permanent CEO, not another Interim should be put in place to take charge of long term decision making. An environmental analysis would help Sears see where it is and help guide it to where is should be in the market place. Showing them who their customers are, what the customers want and how they can out-beat the competition for more customers. It is no secret that the brands and styles in the soft-lines department have to be ever changing to appeal to customer in time. SHC needs to invest more money into remodeling each departmental store, making it easily accessible and more appealing to consumers. In light of the fact that SHC has lost touch with its customer base, decentralization should be considered. This will allow specialty stores that carter to consumers in each region thus increasing customer base and revenue. References About Sears Holding Corporation (2009) Retrieved September 4, 2009 from website: https://searsholdings.com/about https://searsholdings.com/about/kmart https://www.forbes.com/fdc/welcome_mjx.shtml http://wps.prenhall.com/bp_beekman_compconf_6/ http://ru.reuters.com/ http://www.searsarchives.com/history/history1886.htm http:// www. wikinvest. com/ https://searsholdings.com/ http://archives.chicagotribune.com/

Evaluate Critical Thinking

My perception of our team’s metaphors as a whole is that we all are capable of expressing our thoughts about things in our lives as we see them through metaphors. Each of our metaphors allowed others to identify with our thoughts by connecting words with our senses. The metaphors that my team members have written are descriptive and easy to understand. The metaphors that the team members have written were very good and descriptive in my opinion. Personal Barriers None of our metaphors seemed to have any thinking errors in them such as, egocentric thinking, polarized thinking, or over-generalizations. Personalized barriers such as, enculturation was present in some of our metaphors and did affect the way we critically thought them through. Because most of our metaphors were based on things in our lives it was not surprising that these sources produced metaphors with enculturation. I think everyone, especially myself, has to be careful not to allow personal barriers get in the way. By not allowing their personal barriers to get in the way they were able to create easily understood metaphors. I think that the team did a good job in doing this. Language The next tool is language I think that the way the team constructed their metaphors through the use of language was clear and interesting. I do not really understand how someone could accurately communicate using metaphors. We as a society do not communicate this way and I find that it would be tough to communicate in this manner. We are meant to speak a certain way in order to communicate accurately for instance in America we speak English and in Germany they speak German. It would be difficult to go to Germany and speak English and communicate effectively if they only understood a little English. I personally could not communicate using metaphors to communicate accurately. The language in which we write, talk, and think helps for the individuals listen understand the message that we are trying to convey to them. So we must be clear in the message and the wording that we use to get our message across. The team did this well when contrasting their metaphors. I was able to understand what they were saying in most of their metaphors. One example is from Stephens metaphor about family â€Å"Constant and Changing; Joy and happiness; Frustration and confusion,† The language that he used describes the emotions that a family goes through and the language describe it well. Feelings The majority of our metaphors reflected our feelings towards family, events, and places. Our feelings were put into our metaphors to help connect our words to their meaning. In my opinion this is where the metaphor becomes powerful. It seems to me that there is a lot of feeling in many of their metaphors. One can feel it as it is read. The next tool is creativity check I believe that most of the metaphors exhibited a lot of creativity while remaining clear. Like feeling I think that creativity plays a very important role in the metaphors. The next tool used is that of organization. Creative Thinking I feel that all of our metaphors were creatively thought through. We successfully transformed our thoughts into a language that everyone could understand and appreciate. From what I can tell most of the metaphors created exhibited some kind of order. The last tool was logic. I also feel that the team’s metaphors seemed to follow this well. I would say that over all the metaphors that the team created was very creative, and fun to read. I would also say that some seemed to contain a lot of feeling, which also made them more enjoyable to read. By putting their feelings behind the metaphors and made the metaphors originally and showed that creative thinking was utilized when writing the metaphors.