Student college essays
How To Write Good Academic Essays
Wednesday, August 26, 2020
Globalization And Environment Quantifying Corporate Strategy Free Sol
Questions: Fundamentally analyze the relationship and the requirement for similarity between corporate vital and utilitarian administration arrangements. Break down the inward and outside effects on corporate goals and system. Show the requirement for adaptability in vital administration and the useful furthest reaches of evaluating corporate procedure. Answers: The report embraced is to break down the association structure with various procedures that the Warner Bros received. The report featured the models that would benefit from outside intervention in investigation like the pastel examination for circumstance investigation, watchman's five powers and doorman's nonexclusive procedure for serious investigation, swot examination for the investigation of inner condition and Ansoff framework for methodology assessment. In any case, the report gives an outline of the working of the organization to the progressions that will be useful whenever received like the association technique or practical methodology. In any case, the investigation featured the issue related with the innovation that the organization needs to continue changing to get the enthusiasm of the clients. The proposals that could be best appropriate would be the need of changing worldwide conditions, meeting the developing innovation, investigating for transient procedures and th e choice of motion pictures as indicated by the objective populace. Warner Bros Entertainment Inc. is a wide based diversion organization, which is completely coordinated and has accomplished worldwide administration in all types of amusement whether it is authorizing, circulation, presentation, promoting or creation. In any case, Warner Bros is one of the auxiliaries of Time Warner Company that is home to an effective assortment of brands on the planet (Warnerbros.com, 2016). In this report, the vital examination will be done dependent on the vision and crucial, and miniaturized scale ecological factors inside the Film TV Entertainment section too accepts points of interest of open doors inside these fragments and various methodologies and choices decided on its execution. Regardless, the report is completed to investigate the practicality, adequacy and reasonableness of the techniques embraced and their execution. In any case, the assessment won't just assistance in understanding the development of the auxiliary organization yet will likewise inspe ct the key advantages and issues. Corporate Objectives The destinations of any association rotate around the authority and the operational objectives that it performs to embrace that can be clarified as vision and statement of purpose (Krajewski, et al., 2013). Warner Bros vision and statement of purpose are given as: Vision - The huge and constant development of the organization over the long haul with the creation and circulation of the different enhanced arrangement of items offered (Warnerbros.com, 2016). Strategic statement of purpose of Warner Bros Company can be characterized as follows. To amplify log term benefits with an emphasis on deals, advertising and inventive endeavors on organized characters and properties that are probably going to produce solid deals To assemble the brand with the retailers enemy the customers Line up with chosen licenses to such an extent that working with retailers, accomplices, licensees and different divisions of Time Warner Company. Building a portfolio to transmit various brands and openings (Grnig and Khn, 2015). The system that consolidates and keeps on following has guided the organization well in contributing and being home to best substance, driving in computerized development, dispensing and working capital effectively and extending the worldwide nearness of the Warner Time Company with its auxiliaries (Warnerbros.com, 2016). Outside Analysis PESTEL Analysis The large scale condition examines the outer examination of the organization with an agenda to break down on the political, monetary, socio-social, innovative, ecological and lawful features of the earth. The report introduced to the top managerial staff will be investigated on the effect of these aspects of the earth to be utilized in the dynamic by the senior administration and governing body (Kohler, 2013). Political Factors The political arrangement at neighborhood and national levels have guidelines forced on the film and media outlet in light of the fact that the creation can run up to a large number of dollars from the developing markets. The business is confronting a constant weight from the modern gatherings transmitting certain channels of the film and amusement. Be that as it may, this isn't just affecting TV however film creation even as the customers wish to get more than required (Katkin, 2013). Monetary Factors The Warner Bros auxiliary organization works on a costly stage while confronting exchange shortage the economy. The guidelines have cost the promoting cost to rise making an issue by expanding cash stakes and working in a hazardous situation. Be that as it may, the expense is a one-time consumption yet in interim, the organization can expand its income. With the expanding GDP to 17,419 US billion dollars, draining joblessness rate to 6.2% and with a slight increment in the swelling rate from 1.5% in 2013 to 1.6% in 2014 shows a good situation for the Warner Bros organization to differentiate its items portfolio (Gran 2016). Socio-social Factors The adjustments in esteem is one of the key factors that changes the market. The expanding impact and the difference in watch films from big screen to PC screen is a typical wonder, however the significant difficulties are looked in topographical areas. The business manages demeanor just as changing tastes and inclination in the determination of motion pictures, movement, comic books and brand authorizing (Cattani et al., 2012). Mechanical Factors The adjustment in innovation is confronting an expansion in notoriety of 3D, 4D and 7D innovation. The development of DVD designs has improved the limited time base of the organization. The organization is acceptable at building a differentiated arrangement of items, which helps in getting a positive reaction from the clients and expanding the incorporation of IT with various phases of film creation (Lamb, et al., 2014). Natural Factors the earth assumes an adequate job in the Warner Time auxiliary organization. All things considered, with expanding eco-the travel industry and an unnatural weather change, the issues are influencing the areas for the creation of films and workshops for funnies and dispersion as all items and sources of info should be eco-accommodating (Christoff and Eckersley, 2013). Lawful Factors Legally, the controllers go about as guard dogs on the exercises of the association with the end goal that the legitimate obstructions forced to enter the developing markets. The issues that feature the moderate creation of the organization are the permitting issues and protected innovation concerns. The controllers, for example, FCC and MPAA charge immense memberships from the clients in United States, which has prompted income and now the Time Warner Company is picking to enhance its portfolio to telephone organizations in the zone of the establishment (Katkin, 2013). Watchmen Competitive Forces The serious investigation of Warner Bros can be examined on Michael Porters five powers to pass judgment on the general seriousness of five separate components utilizing the viable apparatus. The contention can be broke down on the based model in Figure 1. Figure 1 Porter's Five Forces Source: (Moore, 2014) Bartering intensity of providers This is thought to be high in the Warner Bros Company being an amusement and film industry where there is rivalry because of an extraordinary example that is served by the entertainers as providers just as HR. As indicated by this methodology, the An evaluated on-screen characters have been pulled in towards establishments of Warner Bros like Batmen, Harry Potter, Lord of the Rings, and so on. Contention among existing contenders The competition in Warner Bros is significantly high between the enterprises of amusement and film due to contenders like Walt Disney Studios, Paramount Picture Corporation, Fox Filmed Industries and some more. Bartering intensity of purchasers The intensity of purchasers additionally comes in the high classification as the clients don't have any exchanging costs for Warner Bros. that is stimulated by bounty offers in the business (Dudovskiy, 2014). Danger of substitute items Warner Bros has an enhanced portfolio that itself offers a wide assortment of items like comic books, computer games, short movies, liveliness and furthermore incorporates the acknowledgment of long range interpersonal communication destinations like Twitter, Facebook and YouTube. Danger of New Entrants The danger of new contestants is modestly low because of the cost obstructions to entering the market is high. All things considered, the innovative progression of the web has given minimal effort obstructions thusly expanding the danger of new participants (Magretta, 2013). As indicated by the Porters Five Forces, Warner Bros has a solid power over market and has tolerably less rivalry from the new contestants to contend with. Above and all, the companys fame is picking up prevalence. Inside Analysis SWOT Analysis The inside examination features the SWOT investigation an organization faces from its interior structure just as outside structure. Warner Bros is an auxiliary organization whose feasibility is examined in the market with the adequacy that an organization holds. The outline beneath in Figure 2 can clarify the inner examination for the Warner Bros Company. Figure 2 SWOT Analysis Source: (Chu et al., 2010), (Dudovskiy, 2014) Examination of Business Functions The business capacities can be portrayed as the inward elements of an organization that assists with completing the crucial the organization. In any case, business capacities can be inward; just as outside. Inward capacities are the parts of the organization and outer capacities are those which are provided by an outside office. The Figure 3 general business elements of an organization. Figure 3 Business Functions Source: (Woodcock, 2016) The accompanying three business forms that the organization needs to extend and is progressively successful are showcasing, creation and qu
Saturday, August 22, 2020
Just like Helen Keller Essay Example for Free
Much the same as Helen Keller Essay Advertising new administrations that will upgrade existing associations must be deliberately considered and intended to be viewed as a required expansion to any association. Organizations which have been established on standards of morals and quality administrations, guarantee that each extra help gave to the many existing administrations must meet the desire for every client that is adjusted. Group B has started to focus on the way toward showcasing the extension of preparing bundles that are undeliverable inside the Fed Ex association. Rather than restoring the bundles to place of beginning, or re-conveying bundles after an extra conveyance disappointment, a procedure explicitly outfitted to contact the individual for whom the bundle is implied, will be the recently arranged expansion to the current administrations which Fed Ex gives. Learning Team B will concentrate on checking on the current association, giving a progressively definite portrayal of our LT objectives in this procedure, survey the significance to our achievement in arranging and executing the thought, give a SWOTT investigation on the venture, and will build up a showcasing methodology so as to be effective with this new procedure. Giving a customer cordial assistance will give Fed Ex further accomplishment in the business of bundle conveyance to all purchasers; both inside the U. S. what's more, Internationally. In todayââ¬â¢s quick paced, high rivalry and cutoff time driven condition a large number of individuals go to FedEx Corporation regularly to get bundles to the ideal goal as a result of the affirmation and duty behind the name. FedEx Corporation was based after giving best in class inventive arrangements and it keeps on being a vital piece of the FedEx the general culture and business methodology. FedEx Corporations responsibility has been an instrumental part in the general improvement of items, thoughts and administrations that have enabled FedExââ¬â¢s clients to develop their organizations around the globe. What is known as FedEx Corporation today, was initially presented in 1971 as FDX Corp, and since their initiation has designed the transportation and coordinations industry and has set the imprint over and more than once, for all others in the business to meet. Since its start, FedEx Corp has been found in the open eye as a pioneer in the transportation and coordinations industry. The FedEx Corporations capacity to all things considered work together through their various elements show the initiative and foreknowledge of the trusted FedEx brand. It is this reliability which carries clients to FedEx consistently. ââ¬Å"FedEx furnishes clients and organizations worldwide with a wide arrangement of transportation, web based business and business administrations. FedEx Corporation offers incorporated business applications through working organizations contending aggregately and oversaw cooperatively, under the regarded FedEx brand. â⬠(FedEx Corporation, 2009). With a commercial center that is continually changing FedEx Corporation is continually investing full energy to be on the cutting edge of innovation and to carry new and creative plans to amplify their benefits and client decisions. FedEx at present handles a ââ¬Å"averaged 3. 4 millionâ⬠per day and conveys to more than 213 countriesâ⬠(E-Logi, 2009). Indeed, even in a hard worldwide efficient time, numerous Customers are progressively observing the benefit of utilizing FedEx to arrive at new markets, develop their organizations and cut stock conveying costs. The worldwide economy is extending consistently, especially the assembling segment, giving our business more chances to develop later on. (FedEx Corporation, 2009). As should be obvious FedEx Corporation is a pattern setting and progressive business power which keeps on being on the bleeding edge of development because of its capacity to concentrate on the client, capacity to settle on extreme choices and in every case completely emphatically conveying on its guarantees. Government Express is a worldwide pioneer in getting bundles to buyers. Business purchasers as of now appreciate administrations like a hold include for significant bundles and records. This administration is intended for the association that dispatches an enormous number of bundles and reports to customary colleagues or representatives. Workers and accomplices can recover their bundle from the nearest arranging office by having a hold put on any or every single approaching bundle. Government Express informs accomplices and workers by means of pre-recorded phone message that their bundle is accessible for pickup at the area closest them. The administration that is being considered is a stand thought, where clients business or people can send bundles or reports, just as get them all in a mechanized framework that depends on the necessities of the buyer. Undelivered bundles and records will be held with in the stand, and buyers can pickup their conveyance. This will be offered in a couple of various habits. Clients can sign into the site and acquire a pin number for the bundle, or it very well may be messaged or a mechanized phone message can be sent to a cell or land line phone. Clients whom don't need conveyances to be sent to there spot of habitation can have the alternative to have this become their essential method of accepting anything transported by Federal Express. Individuals in a particular conveyance territory will be able to transport and get their bundles and archives utilizing a similar stand dependent on geographic and conveyance region. The stand will be completely mechanized and open twenty four hours per day, in light of client needs. Promoting is characterized as the procedure distributing assets (time and cash) so as to accomplish the goals of (a reasonable benefit for providing a decent item or administration). The economy utilizes strategies to get buyerââ¬â¢s consideration so as to increase most extreme achievement. ââ¬Å"Marketing is the action, set of organizations, and procedures for making, conveying, conveying, and trading contributions that have an incentive for clients, customers, accomplices, and society at largeâ⬠(American Marketing Association, 2008, p. 1). Promoting is imperative to any association in addressing the necessities and needs of the customers and if the showcasing office isn't concentrating on addressing the requirements of the shoppers, partners or sellers, the association won't be fruitful. Showcasing enables the association to build up an arrangement, gather information on the objective populace, look at and investigate regions of the association that will improve administrations to their clients so as to offer top quality types of assistance. FedEx promoting office has chosen to investigate the issue of holding clients bundle when they are not home to get these bundles. With the ebb and flow framework, clients can get their bundles at the closest Kinkoââ¬â¢s FedEx store, however so as to know whether the bundle is there for get, the client would require a following number at that point have web access to check whether the bundle is there for get yet commonly, the bundle isn't there before the driver completes their course, in this manner, FedEx has chosen to consolidate a booth framework. This framework will make a quicker following framework and upgrade the nature of administration gave to the purchasers, merchants and partners. The advertising division will make benefits that would fit the ways of life of the purchasers, by getting socioeconomics, psychographics, cost and time in offering another assistance just as if the new help will be useful to the shopper. Without an away from of the significance of showcasing in the achievement or disappointment of the association, distortion of promoting can have shoppers setting off to the opposition in view of improving met with quicker turnaround administrations, better client assistance and generally speaking, top quality administration. Qualities of notoriety and hierarchical procedures of Federal Express presently known as, Fed Ex are what they have endeavored to make. Organizations which have the focal point of greatness as a rule have the best possible hierarchical qualities in a dynamic situation. Shortcomings inside Fed Ex are between the past upper administration choices to sort conveyance drivers as free rather than representatives of Fed Ex. In 1998, 203 drivers recorded a claim against Fed Ex, refering to they were paid as self employed entities rather than ordinary representatives with benefits. (1) This class activity suit would make contenders think Fed Ex has less affectability to representative solicitations for better advantages and all the more critically working connections inside the organization. Openings may present of development inside an organization for in-house center administration and upper administration. Advancements are promptly accessible to the worker who shows they are progressing in the direction of the development of the organization. Dangers might be displayed in manners which show propensities that are illustrative of heedlessness and absence of moral practices of representatives. Interruption of hoodlums which may endeavor to disrupt or loot conveyance people of bundles conveyed is another sort of outer danger. Any activity which makes the powerlessness offer the types of assistance for which the organization is referred to for might be ordered as a danger. Significant slip-ups, poor dynamic aptitudes, bundle misfortunes, or inability to convey on time are altogether mistakes which speak to key dangers to a built up business, for example, Fed Ex. Of these dangers they are known as inward and outer dangers. Patterns might be what an organization begins and is appeared all through the city, state or world as a standard guide for different organizations in comparable fields of administration. Different organizations may start to show the open how a steady organization functions; as a degree of guidelines. As an organization which is known for conveyance, efficiency, quality improvement procedures and notoriety, Fed Ex is a trailblazer. Investigation of the plans of a bundle holding procedure will help with conveyances that can't be conveyed after the subsequent endeavor. This is an open door for Fed Ex to stand apart from among the other conveyance administrations. Making a customized procedure
Thursday, August 13, 2020
Comprehensive Guide on Data Mining (and Data Mining Techniques)
Comprehensive Guide on Data Mining (and Data Mining Techniques) © Shutterstock.com | ScandinavianStockJust hearing the phrase âdata miningâ is enough to make your average aspiring entrepreneur or new businessman cower in fear or, at least, approach the subject warily. It sounds like something too technical and too complex, even for his analytical mind, to understand.Out of nowhere, thoughts of having to learn about highly technical subjects related to data haunts many people. Many cave in and just opt to find other people to take care of that aspect for them. Worse, in other cases, they pay little attention to it, thinking they can get away with not having anything to do with data mining in their business.Once they try to understand what data mining really is, they will realize that it is something that cannot be ignored or overlooked, since it is part and parcel of the management of a business or organization.Businesses cannot do away with implementing or applying various business intelligence methodologies, applications and technologies in order to gather and analyze data providing relevant information about the market, the industry, or the operations of the business. It just so happens that data mining is one of the most important aspects of business intelligence.WHAT IS DATA MINING?Forget about any highly technical definition you may associate with data mining and let us look at it for the relatively simple concept that it truly is. Data mining is basically the process of subjecting available data to analysis by looking at it from different perspectives, to convert it into information that will be useful in the management of a business and its operations.A simple way to describe data mining is that it is a process that aims to make sense of data by looking for patterns and relationships, so that it can be used in making business decisions.For the longest time, many people have associated data mining with the image of a set of high-end computers utilizing equally high-end software and technology to obtain data and p rocess them. This isnât entirely wrong, because technology is definitely a huge and integral part of data mining. However, data mining is actually a broader concept, not just limited to the use of technology and similar tools.Perhaps one of the biggest reasons why many are intimidated by the very mention and idea of data mining is the fact that it involves more than one or two disciplines. When we talk of data mining, we are talking about database management and maintenance, which automatically means the involvement or use of database software and technologies. Thus, it also often entails machine learning and heavy reliance on information science and technology.Further, the analysis of data, especially of the numerical kind, is bound to make use of statistics, which is another area that some people find complicated. This will also demand a lot in terms of visualization.In short, being involved in data mining implies dipping oneâs fingers and toes in more than a few rivers, so to speak, since it entails the use or application of multiple disciplines. This is what often makes data mining a challenge in the eyes of most people.We can gain a deeper understanding of what data mining is by talking about its five major elements.Extraction, transformation and uploading of the data to a data warehouse system.Data storage and management in a database system.Data access to analysts and other users.Data analysis using various software, tools and technologies.Data presentation in a useful and comprehensible format.IMPORTANCE OF DATA MININGBusinesses, organizations and industries share the same problems when it comes to data. Either they arenât able the find the data that they require or, even if they know where to find it, they have difficulty actually getting their hands on it. In other cases, they may have access to the data, but they cannot understand it. Worse, the data may be readily available to them, and they may be able to have comprehension of it.However, fo r some reason or another, they find that they are unable to use the data.This is where data mining comes in.The main reason why data mining is very important is to facilitate the conversion of raw data into information that, in turn, will be converted into knowledge applicable for decision-making processes of businesses.Data mining has become increasingly important, especially in recent years, when nearly all industries and sectors all over the world are facing problems on data explosion. All of a sudden, there is simply too much data, and this rapid rise in the amount of data demands a corresponding increase in the amount of information and knowledge. Thus, there is a need to quickly, efficiently and effectively process all that data into usable information, and data mining offers the solution. In fact, you could say that data mining is the solution.You will find data mining to be most often used or applied in organizations or businesses that maintain fairly large to massive databa ses. The sheer size of their databases and the amount of information contained within them require more than a small measure of organization and analysis, which is where data mining comes in. Through data mining, users are able to look at data from multiple perspectives in their analysis. It will also make it easier to categorize the information processed and identify relevant patterns, relationships or correlations among the various fields the data or information belong to.Therefore, we can deduce that data mining involves tasks of a descriptive and predictive nature. Descriptive, because it involves the identification of patterns, relationships and correlations within large amounts of data, and predictive, because its application utilizes variables that are used to predict their future or unknown values. APPLICATIONS OF DATA MININGThe application of data mining is apparent across sectors and industries.Retail and ServiceThe sale of consumer goods and services in the retail and ser vice industries results in the collection of large amounts of data. The primary purpose of using data mining in these industries is to improve the firmâs customer relationship management, its supply chain management and procurement processes, its financial management, and also its core operations (which is sales).The most common areas where data mining becomes highly effective among retail and service provider companies include:Promotion Effectiveness Analysis, where the company will gather and analyze data on past successful (and unsuccessful or moderately successful) campaigns or promotions, and the costs and benefits that the campaigns provided to the company. This will give the firm an insight on what elements will increase the chances of a campaign or promotion being successful.Customer Segmentation Analysis, where the firm will take a look at the responses of the customers â" classified in appropriate segments â" to shifts or any changes in demographics or some other segme ntation basis.Product Pricing, where data mining will play a vital role in the firmâs product pricing policies and price models.Inventory Control, where data mining is used in monitoring and analyzing the movements in inventory levels with respect safety stock and lot size. Lead time analysis also greatly relies on data mining.Budgetary Analysis, where companies will need to compare actual expenditures to the budgeted expenses. Incidentally, knowledge obtained through data mining will be used in budgeting for subsequent periods.Profitability Analysis, where data mining is used to compare and evaluate the profitability of the different branches, stores, or any appropriate business unit of the company. This will enable management to identify the most profitable areas of the business, and decide accordingly.ManufacturingEssentially, the areas where data mining is applied in manufacturing companies are similar to those in retail and service companies. However, manufacturing businesses also use data mining for its quality improvement (QI) initiatives, where data obtained through quality improvement programs such as Six Sigma and Kaizen, to name a few, are analyzed in order to solve any issues or problems that the company may be having with regards to product quality.Finance and InsuranceBanks, insurance companies, and other financial institutions and organizations are also actively using data mining in its business intelligence initiatives. Risk Management is generally the area where data mining is most utilized. This time, data mining is used to recognize and subsequently reduce credit and market risks that financial institutions are almost always faced with. Other risks assessed with the help of data mining include liquidity risk and operational risk.For example, banks and credit card companies use data mining for credit analysis of customers. Insurance companies are mostly concerned with gaining knowledge through claims and fraud analysis.Telecommunication and UtilitiesOrganizations engaged in providing utilities services are also recipients of the benefits of data mining. For example, telecommunication companies are most likely to conduct call record analysis. Electric and water companies also perform power usage or consumption analysis through data mining.The global popularity of cellular phones in almost all transactions has made it a playground for many hackers and security threats. This spurred Coral Systems, a Colorado-based company, to create FraudBuster, which is described to be able to âtrackâ down the types of fraud through data mining, specifically through analysis of cellular phone usage patterns in relation to fraud.TransportIn the transport industry, it is mainly all about logistics, which is why that is the area where data mining is most applied. Thus, logistics management benefits greatly from data mining. State or government transport agencies are also using data mining for its various projects, such as road construc tion and rehabilitation, traffic control, and the like.PropertyThe real estate industry heavily relies on information gleaned from property valuations which, in turn, resulted from the application of data mining. The focus is not entirely on the bottomline or the sales. Instead, data on property valuation trends over the years, as well as comparison on appraisals, are tackled.Healthcare and Medical IndustryEvery day, researches, studies and experiments are conducted in the healthcare and medical industry, which implies that there are tons of data being generated every single day. Data mining is often an integral part of those researches and studies.STEPS IN DATA MININGData mining is a process, which means that anyone using it should go through a series of iterative steps or phases. The number of steps vary, with some packing the whole process within 5 steps. The one below involves 8 steps, primarily because we have broken down the phases into smaller parts. For example, steps #2 th rough #5 are lumped by other sources as a single step, which they call âData Pre-processingâ.For purposes of this discussion, however, let us take each step one at a time.Step #1: Defining the ProblemBefore you can get started on anything, you have to define the objectives of the data mining process you are about to embark on. What do you hope to accomplish with the data mining process? What problems do you want to address? What will the organization or business ultimately obtain from it as benefit?Step #2: Data IntegrationIt starts with the data, or the raw tidbit about an item, event, transaction or activity.The goal is to provide the users (those who are performing data mining) a unified view of the data, regardless of whether they are from single or multiple sources.This step involves:Identification of all possible sources of data. Chances are high that the initial list of sources will be quite long and heterogeneous. Integrating these data sources will save you a lot of tim e and resources later on in the process.Collection of data. Data are gathered from the sources previously identified and integrated. Usually, data obtained from multiple sources are merged.Data integration aims to lower the potential number and frequency of data redundancy and duplications in the data set and, consequently, improve the efficiency (speed) and effectiveness (accuracy) of the data mining process.Step #3: Data SelectionAfter the first step, it is highly probable that you will be faced with a mountain of data, a large chunk of which are not really relevant or even useful for data mining purposes. You have to weed out those that you wonât need, so you can focus on the data that will be of actual use later on.Create a target data set. The target data set establishes the parameters of the data that you will need or require for data mining.Select the data. From all the data gathered, identify those that fall within the data set you just targeted. Those are the data you wil l subject to pre-processing.Step #4: Data CleaningAlso called âdata cleansingâ and âdata scrubbingâ, this is where the data selected will be prepared and pre-processed, which is very important before it can undergo any data mining technique or approach.Some data mining processes refer to data cleaning as the first of a two-step data pre-processing phase.Data obtained, in their raw form, have a tendency to contain errors, inaccuracies and inconsistencies. Some may even prove to be incomplete or missing some values. Basically, the quality of the data is compromised. It is for these reasons that various techniques are employed to âcleanâ them up. After all, poor or low quality data is unreliable for data mining.One of the biggest reasons for these errors is the data source. If data came from a single source, the most common quality problems that require cleaning up are:Data entry errors, mostly attributed to âhumanâ factor, or error of the person in charge of the input of data into the data warehouse. They could range from simple misspellings to duplication of entries and data redundancy.Lack of integrity constraints, such as uniqueness and referential integrity. Since there is only one source of data, there is no way of ascertaining whether the data is unique or not. In the same way, duplication and inconsistency may arise due to the lack of referential integrity.Similarly, data obtained from multiple sources also have quality problems.Naming conflicts, often resulting from the fact that there are multiple sources of the same data, but named differently. The risk is that there may be data duplication brought about by the different names. Or it could be the other way around. More than one or two sources may use the same name for two sets of data that are completely unrelated or different from each other.Inconsistent aggregating, or contradictions arising from data being obtained from different sources. Duplications of data may result to them cance ling each other out.Inconsistent timing, where data may tend to overlap among each other, resulting to more confusion. The data then becomes unreliable. For example, data on shopping history of a customer may overlap when sourced from various shopping sites or portals.Cleaning up data often involves performing data profiling, or examining the available data and their related statistics and information, to determine their actual content, quality and structure.Other techniques used are clustering and various statistical approaches. Once the data has been cleaned, there is a need to update the record with the clean version.Step #5: Data TransformationThis is considered to be the second data pre-processing step. Other authors even describe data transformation as part of the data cleaning process.Despite having âcleanedâ the data, they may still be incapable of being mined. To make the clean data ready for mining, they have to be transformed and consolidated accordingly. Basically, t he source data format is converted into âdestination dataâ, a format recognizable and usable when using data mining techniques later on.The most common data transformation techniques used are:Smoothing. This method removes ânoiseâ or inconsistencies in data. âNoiseâ is defined as a ârandom error or variance in a measured variable. Smoothing often entails performing tasks or operations that are also performed in data cleaning, such as:Binning. In this method, smoothing is done by referring to the âneighborhoodâ of the chosen data value, and categorically distribute them in âbinsâ. This neighborhood essentially refers to the values around the chosen data value. Sorting the values in bins or buckets will smooth out the noise.Clustering. This operation is performed by organizing values into clusters or groups, ordinarily according to a certain characteristic or variable. In short, data values that are similar will belong to one cluster. This will smooth and remove any data noise.Regression. As a method for smoothing noise in data values, linear regression works by determining the best line to fit two variables and, in the process, improve their predictive value. Multiple regression, on the other hand, also works, but involves more than two variables.Aggregation. This involves the application of summarization tactics on data to further reduce its bulk and streamline processes. Usually, this operation is used to create a data cube, which will then be used later for analysis of data. A common example is how a retail company summarizes or aggregates its sales data periodically per period. Therefore, they have data on daily, weekly, monthly and annual sales.Generalization. Much like aggregation, generalization also leads to reduction of data size. The low-level or raw data are identified and subsequently replaced with higher-level data. An example is when data values on customer age is replaced by the higher level data concept of grouping them as pre-teen, teen, middle-aged, and senior. In a similar manner, raw data on familiesâ annual income may be generalized and transformed into higher-level concepts such as low-level, mid-level, or high-income level families.Normalization or Standardization. Data variations and differences can also have an impact of data quality. Large gaps can cause problems when data mining techniques are finally applied. Thus, there is a need to normalize them. Normalization is performed by specifying a small and acceptable range (the standard), and scaling the data in order to ensure they fall within that range.Examples of normalization tactics employed are Min-Max Normalization, Z-Score Normalization, and Normalization by Decimal Scaling.Step #6: Data MiningData mining techniques will now be employed to identify the patterns, correlations or relationships within and among the database. This is the heart of the entire data mining process, involving extraction of data patterns using various methods and operations.The choice on which data mining approach or operation to use will largely depend on the objective of the entire data mining process.The most common data mining techniques will be discussed later in the article.Step #7: Pattern EvaluationThe pattern, correlations and relationships identified through data mining techniques are inspected, evaluated and analyzed. Evaluation is done by using âinterestingnessâ parameters or measures in figuring out which patterns are truly interesting and relevant or impactful enough to become a body of useful knowledge.The interpretation in this stepwill formally mark the transformation of a mere information into an entire âbag of knowledgeâ.Step #8: Knowledge PresentationThe knowledge resulting from the evaluation and interpretation will now have to be presented to stakeholders. Presentation is usually done through visualization techniques and other knowledge representation mechanisms. Once presented, the knowledge may, or will, b e used in making sound business decisions. DATA MINING TECHNIQUESOver the years, as the concept of data mining evolved, and technology has become more advanced, more and more techniques and tools were introduced to facilitate the process of data analysis. In Step #5 of the Data Mining process, the mining of the transformed data will make use of various techniques, as applicable.Below are some of the most commonly used techniques or tasks in data mining, classified whether they are descriptive or predictive in nature.Descriptive Mining TechniquesClustering or Cluster AnalysisClustering is, quite possibly, one of the oldest data mining techniques, and also one of the most effective and simplest to perform. As briefly described earlier, it involves grouping data values that have something in common, or have a similarity, together in a meaningful subset or group, which are referred to as âclustersâ.The grouping or clustering in this technique is natural, meaning there are no predefi ned classes or groups where the data values are distributed or clustered into.Perhaps the most recognizable example of clustering used as a data mining tool is in market research, particularly in market segmentation, where the market is divided into unique segments. For instance, a manufacturer of cosmetic and skin care products for females may cluster its customer data values into segments based on the age of the users. Most likely the main clusters may include teens, young adults, middle age and mature.Association Rule DiscoveryThe purpose of this technique is to provide insight on the relationships and correlations that associate or bind a set of items or data values in a large database. Analysis of data is done mostly by looking for patterns and correlations.Customer behavior is a prime example of the application of Association Rules in data mining. Businesses analyze customer behavior in order to make decisions on key areas such as product price points and product features to b e offered.Incidentally, this technique may also be predictive, such as when it is used to predict customer behavior in response to changes. For example, if the company decides to launch a new product in the market, how will the consumers receive it? Association Rules may help in making hypotheses on how the customers will accept the new product.Sequential Pattern DiscoveryThis mining technique is slightly similar to the Association Rule technique, in the sense that the focus is on the discovery of interesting relationships or associations among data values in a database. However, unlike Association Rule, Sequential Pattern Discovery considers order or sequence within a transaction and even within an organization.Sequence Discovery or Sequence Rules is often applied to data contained in sequence databases, where the values are presented in order. In the example about customer behavior, this technique may be used to get a detailed picture of the sequence of events that a customer foll ows when making a purchase. He may have a specific sequence on what product he purchases first, then second, then third, and so on.Concept or Class DescriptionThis technique is straightforward enough, focusing on âcharacterizationâ and âdiscriminationâ (which is why it is also referred to often as the Characterization and Discrimination technique. Data, or its characteristics, are generalized and summarized, and subsequently compared and contrasted.A data mining system is expected to be able to come up with a descriptive summary of the characteristics or data values. That is the data characterization aspect.For example, a company planning to expand its operations overseas is wondering which location would be most appropriate. Should they open an overseas branch in a county that experiences precipitation and storms for a greater half of the year, or should they pick a location that is mostly dry and arid throughout the year? Data characteristics on these two regions will be l ooked into for their descriptions, and then compared (or discriminated) for similarities and differences.Predictive Mining TechniquesClassificationThis method has several similarities with Clustering, which leads many to assume that they are one and the same. However, what makes them different is how, in Classification, there are already predetermined and pre-labeled instances, groups or classes. In clustering, the clusters are defined first, and the data values are put into the clusters they belong to. In classification, there are already pre-defined groups and, of course, it in these groups where the data values will be sorted into.In Classification, the data values will be segregated to the grouping or instances and be used in making predictions on how each of the data values will behave, depending on that of the other items within the class.An example is in medical research when analyzing the most common diseases that a countryâs population suffers from. The classifications of diseases are already existing, and all that is left is for the researchers to collect data on the symptoms suffered by the population and classify them under the appropriate types of diseases.Nearest Neighbor AnalysisThis predictive technique is also similar to clustering in the sense that it involves taking the chosen data value in context of the other values around it. While clustering involves data values in extremely close proximity with each other, seeing as they belong to the same cluster, the nearest neighbor is more on the nearness of the data values being matched or compared to the chosen data value.In the cosmetic and skin care product manufacturing company example cited above, this technique may be used when the company wants to figure out which of their products are the bestsellers in their many locations or branches. If Product A is the bestseller in Location 1, and Location 10 is where Product J is selling like hot cakes, then the chances are greater that Location 2, which is nearer to Location 1 than Location 10 is, will also record higher sales for Product A more than Product J.RegressionRegression techniques come in handy when trying to determine relationships dependent and independent variables. It is a popular technique primarily because of its predictive capabilities, which is why you are likely to see it applied in business planning, marketing, budgeting, and financial forecasting, among others.Simple linear regression, which contains only one predictor (independent variable) and one dependent variable, resulting to a prediction. Presented graphically, the regression model that demonstrates a shorter distance or line between the X-axis (the predictor) and the Y-axis (the prediction or data point) will be the simple linear regression model to be used for predictive purposes.Multiple linear regression, which aims to predict the value of the responses or predictions with respect to multiple independent variables or predictors. Compared to th e simple regression, this is fairly more complicated and work-intensive, since it deals with a larger data set.Regression analysis is often used in data mining for purposes of predicting customer behavior in making purchases using their credit cards, or making an estimate of how long a manufacturing equipment will remain serviceable before it requires a major overhaul or repair. In the latter example, the company may plan and budget its expenditure on repairs and maintenance of equipment accordingly, and maybe even assess the feasibility of purchasing a new equipment instead of repeatedly spending more money on maintenance of the old one.So, now here is the fun stuff (hint: its the video :-). Decision TreesWhat makes this predictive technique very popular is its visual presentation of data values in a tree. The tree represents the original set of data, which are then segmented or divided into the branches, with each leaf representing a segment. The prediction is the result of a seri es of decisions, presented in the tree diagrams as a Yes/No question.What makes this model even more preferred is how the segments come with descriptions. This versatility â" offering both descriptive and predictive value in an easy-to-understand presentation â" is the main reason why decision trees are gaining much traction in data mining and database management, in general.Outlier AnalysisIn instances where there are already established models or general behavior expected from data objects, data mining may be done by taking a look at the exceptions or, in this case, what we call the âoutliersâ. These are the data objects that do not fall within the established model or do not comply with the expected general behavior. The result of these deviations may prove to be data that can be used as a body of knowledge later on.A classic example of applying outlier analysis is in credit card fraud detection. The shopping history of a specific customer already provides an e-tailer (onli ne retail store) a set of general behavioral data to base on. When trying to find if the fraudulent purchases have been made using the credit card of that customer, the focus of the analysis will be unusual purchases in his shopping history, such as surprisingly large amounts spent on a single purchase, or the unusual purchase of a specific item that is completely unrelated to all previous purchases.If the customer, for the past three years, has made a purchase at least once in every 2 months, a single month with the customer purchasing more than two or three times is enough to raise a red flag that his credit card may have been stolen and being improperly and fraudulently used.Evolution AnalysisWhen the data to be subjected to mining inherently changes or evolves over time, and the goal is to establish a clear pattern that will help in predicting the future behavior of the data object, a recommended approach is evolution analysis.Evolution analysis involves the identification, desc ription and modeling of trends, patterns and other regularities with respect to the behavior of data objects as they evolve or change. Thus, you will often find this applied the mining and analysis of time-series data. Stock market trends, specifically on stock prices in the stock market, are subjected to time-series analysis. The output will enable investors and stock market analysts to predict the future trend of the stock market, and this will ultimately guide them in making their stock investment decisions.There are a lot of other techniques used in data mining, and we named only a few of the most popular and the most commonly used approaches. Application of these techniques also require the use of other disciplines and tools, such as statistics, mathematics, and software management.The success of a business rides a lot on how good management is at decision-making. And let us not forget that a decision will only be as good as the quality of the information or knowledge tapped in to by the decision-makers. High quality information will rely heavily on how the collection, processing and evaluation of data. If data mining was unsuccessful or less than effective in the first place, then there is a great chance that the resulting âbag of knowledgeâ will not be as accurate and effective as well, and poor business decisions may be arrived at.
Saturday, May 23, 2020
My love for Beethoven - Free Essay Example
Sample details Pages: 3 Words: 962 Downloads: 8 Date added: 2019/07/30 Category People Essay Level High school Tags: Ludwig van Beethoven Essay Did you like this example? I went to my classical music concert on December 2, 2018 at 1 PM! It was through the Colorado Symphony at the Boettcher Concert Hall. I arrived to see an All Beethoven performance with Hans Graf as the conductor and Inon Barnatan as the pianist. It consisted of Overture to Egmont, Op. Donââ¬â¢t waste time! Our writers will create an original "My love for Beethoven" essay for you Create order 84; Piano Concerto No, 3 in C minor, Op. 37allegro con brio, largo, rondo: allegro; and Symphony No. 6 in F major, Op. 68, Pastoral. I have never been to an orchestra type concert so this was my very first time. Upon arriving downtown, the streets surrounding the concert hall were very crowded. It was a congested area and took a while to drive only a couple blocks to park in the halls parking garage. There were people of all agesyounger, middle aged, older, couples, families with kids. Everyone was dressed nicely. My ticket was scanned and I was led to my seat by a concert hall employee. I was told that I could only step out during intermission. I took a few pictures and a very short video because as I was taking the video, the announcer stated that taking pictures was not allowed. The stage was in the center with seats all around the stages at 360?ââ¬Å¡Ã °. The concert hall was about 50% packed, I imagine it being a Sunday afternoon had a lot to do with it. This was the final con cert in a total of three showingsthe first and second having been on Friday and Saturday at 7 PM. The composer for all three pieces was Beethoven! The first piece performed was Overture to Egmont, Op. 84. It consists of a triple meter, polyphonic texture, and diatonic scale. It is a triple meter because it starts out as the beat being strong, weak, weak. This piece was performed by a full symphony orchestra and held parts for instruments of all groups (i.e. strings, winds, brass).This piece is about the Count Egmont story, the Netherlands revolution against the Spanish inquisition in the 16th century. The theme of this piece is victory. Form of AABA was used by him and the tonality of this piece is in F major. I really enjoyed the piece, I felt there was an intensity and darkness within this piece particularly the low volume of the cello/strings initially. It is interesting to hear the combination of music and history within this piece. This piece was very well done and you can hear the theme being followed really well throughout. I especially loved the ending. The second piece performed was Piano Concerto No, 3 in C minor, Op. 37. This piece consisted of three movements (allegro con brio, largo, rondo allegro) and was about ~ 34 minutes long. The solo piano portion was completed by Inon Barnatan. Other instruments in this piece included was stringsviolins, cellos, trumpets, oboes, flutes, clarinets, horns, timpani, and bassoons. The strings introduce the theme and are used throughout the movement of allegro con brio. Although I enjoyed the first piece the best I also liked this piece. The orchestra was louder and more dramatized whereas the piano solo was softer and added a beautiful element to the piecethe back and forth from the orchestra to the piano was well done and a beautiful transition. I liked how Inon Barnatan swayed his body with the music. You could see his body posture and facial expressions matching the emotions of the music. Lastly, the piece played was Symphony No. 6 in F major, Op. 68, Pastoral which was also the longest of about ~45 minutes. After the first two pieces there was an intermission then this was performed. This piece consisted of five movements each movement receiving a title. The instruments consisted of woodwinds, strings, percussion, and brass. This piece depicts elements/scenes from nature. The first movement is in sonata form, and it is happy and very cheerful with great orchestral textures/harmonies. The second movement showcases the calling of birds with the use of the woodwinds. The third movement displays a fun folk dance, similar to the first movement in terms of repetition. The fourth movement depicts a thunderstorm which starts building in intensity from a nice, calm rain to loud thundering. The final movement returns to its home key of F major and is in sonata rondo form. After the climax, the listener is returned to the peaceful, tranquil environment of the first piece. I was initially liking the first piece performed the most but after hearing this oneit became my favorite! I loved this piece the most. It painted a beautiful picture and showcased the picture painting aspect of music that weve discussed in class. It was rather calm and peaceful initially but then dramatized ultimately returning to the calm scenery. Overall, I really enjoyed this concert. It was a brand new experience for me. It was interesting to see the orchestra set-up, the playing of instruments in unison, the musicians kept turning the pages to the music paper in front of them which I thought was cool because its cool that they are able to read music. It seems difficult and they followed along perfectly. I had previously listened to these pieces on YouTube for this class so hearing it in person intensified the emotions I felt. At some points, I got chills because of how powerful the music was. The conductor and pianist were wonderful. I went alone to the concert but had such a great time that I plan on taking my girlfriend sometime soon to share a symphony experience. This enhanced my love for Beethoven and brought forward even more so acknowledgement to how talented he was. His music is full of masterpieces. I particularly enjoy the visionary provided via the pieces. Thank you for this assignment, it was a breath of fresh air and wonderful new experience.
Tuesday, May 12, 2020
Argumentative Essay On Racism - 1326 Words
Growing up in a small town that consists of almost 90 percent of the same race, you donââ¬â¢t take into consideration the social diversity that goes on in the world around you. So, growing up in a family of white, I never really knew what it was like to truly see color. Color isnââ¬â¢t always vibrant and beautiful, sometimes it ugly, and I learned this the hard way. Racism is a word that we hear every day; whether itââ¬â¢s on the news, the internet, or even television shows, itââ¬â¢s literally all around us. Just because we hear the word, doesnââ¬â¢t mean we fully comprehend the significance of the meaning. Racism, by definition, is the practice of discriminating against people based on their race, national or ethnic background. Now knowing the definition ofâ⬠¦show more contentâ⬠¦You cannot judge one person on the actions of another. We must adapt to accepting each other, regardless of how ââ¬Å"differentâ⬠everyone may seem. Iââ¬â¢ve never been oblivi ous to our history, I knew that slavery existed and that the world we live in is a cruel place, but I also knew that I was a privileged white girl. I had heard the stories, I knew who Rosa Parks was and I knew Martin Luther King had a dream, I understood all of it. But this time, I wasnââ¬â¢t just another student reading in my history text book of a situation that I would never have to be in. Rather, I was an eighteen-year-old white girl who fell in love with a black guy. My boyfriend is of the mixed ethnicity; he is Caucasian, African-American, and Hawaiian. Compared to me, he has a darker complexion and is clearly not fully Caucasian. To me, this never matter, but I didnââ¬â¢t realize how much it mattered to other people. We were in Tyler County, for the local fair, when Troy went to go get some food. I sat down beside some woman, while I waited for him to return. When he approached me, the woman grasped her purse and immediately pulled it against her chest, as if he was goi ng to steal it. I didnââ¬â¢t think much of it at first, but the more the day continued the moreShow MoreRelatedArgumentative Essay On Racism1710 Words à |à 7 PagesRacism is the belief that one race is superior to another. Discrimination has been going on for generations among generations. Many years ago people of different races were divided from each other. Public places were segregated. Colored people had to use specific water fountains, schools were segregated, and blacks had to sit at the back of the buses. If they were to disobey then there would be consequences and repercussions. Equality was a figment of imagination, a dream the the minority groupsRead MoreArgumentative Essay About Racism1758 Words à |à 8 Pagesââ¬Å"There is nothing wrong with a little casual racism.â⬠One of my friends recently commented this phrase to me, in a joking manner, but it struck me. Is just a little casual racism fine? I am one to err on the side of, ââ¬Å"All things in moderatio nâ⬠but is it truly not a problem? In our society, today we see racism in our soup. In many ways, I feel as if the word communist has been switched with the word racist. No longer do we call each other a communist if they are stingy or different, we just stoopRead MoreI Am The Product Of Clark County Educational System Essay1503 Words à |à 7 Pageshow to write essays correctly. I am the product of Clark County Educational system. I have always struggled through my last classes and hoped to get out of my struggles this semester. One the greatest challenges that I faced was the distinction that existed among different types of writings that are performed within the English language. I did not understand how the distinction between a narrative essay, report essay and an analytical essay, argumentative essay, and reflective essay among other typesRead MoreFree Argumentative Essays : Police Brutality738 Words à |à 3 PagesFree Argumentative Essays: Police Brutality 777 Words 4 Pages Police Brutality Police work is dangerous. Sometimes police put in situations that excessive force is needed. But, because some officers use these extreme measures in situations when it is not, police brutality should be addressed. The use of excessive force may or may not be large problem, but it should be looked into by both the police and the public. For those people who feel racism is notRead MoreArgumentative Essay Huck Finn958 Words à |à 4 Pagesï » ¿ Argumentative Essay: Should The Adventures of Huckleberry Finn be taught in school? Daniel Perez Period 1 10/30/14 The Adventures of Huckleberry Finn is a novel based on the journey Huck, a young boy with an abusive father, and Jim, a runaway slave, have down the Mississippi River to Free states for an end goal of freedom. Freedom means different things to both of them, to Huck freedom means to be able to do what he wants and not be ââ¬Å"sivilizedâ⬠, while Jimââ¬â¢s definition of freedom isRead MoreThe Effects Of Audience On Writing : Nella Larsen s Choices895 Words à |à 4 PagesChristianity and how it can positively affect the lives of young liberal arts students. In order to appeal to her target audience in an effective manner she must choose carefully the appropriate medium to use. If she were to simply write an essay or argumentative speech about why liberal young adults will surely be thrown to the lake of fire if they donââ¬â¢t find Christianity, she would surely start an uproar. So, she decides to write a short story about a young woman who dies early and is confrontedRead MoreLetter From Birmingham Jail Analysis1172 Words à |à 5 Pages, the first thing that comes to mind is probably racism against African Americans. He is famous for his wisdom and persuasive speeches against segregation of African Americans. This statement holds strongly true because today diverse races are integrated all over the united states. For what ever reason, Martin has been an inspiration to many African Americans. He accomplished his success mostly through speeches, but also through his written essays. Although, his speeches were intense and filled withRead MoreArgumentative Essay About Anthem837 Words à |à 4 PagesIsabelle Grala Walley 7th Period Argumentative Writing ââ¬Å"O say can you see, by the dawns early light, What so proudly we haild at the twilights last gleaming, Whose broad stripes and bright stars through the perilous fightâ⬠Most everyone knows that that excerpt was from The United States of Americasââ¬â¢ national anthem, The Star Spangled Banner. By now you should know about the escalating argument between the football players standing (or not standing) during the playing of the anthem. I feelRead MoreThe Magnificent Style Of Writing By. B. Dubois1382 Words à |à 6 Pagesactual text is a collection of thirteen essays, and a short story written by Dubois. The book also contains Negro Spirituals to tell the reader the history of the enslaved people. The first three chapters deal with the history of the Freedmenââ¬â¢s Bureau, and his critical viewpoint of Booker T. Washington. From chapters four through nine he discusses the social stratifications of the blacks. The final chapters of the book talks about the prejudices and racism faced by blacks in America. Duboisââ¬â¢ purposeRead MorePsychology Research Paper744 Words à |à 3 Pagesmore in depth about the course, students will be pr acticing how to apply their understanding of human thought, development, learning, social structures, and interactions to difficult social issues and environments. Drug abuse, violence in schools, racism, unemployment, and hunger are examples of social issues in the United States. Those topics could be something that a professor talk about when referring mainly to Social Science, because you can get more detail out of it. Usually students will have
Wednesday, May 6, 2020
How to Write a Critique Essay Free Essays
This guide looks at writing a critique essay (also known as a critical essay).A critique essay looks critically at a particular subject, area or topic. It means evaluating information, comparing and contrasting theories and analysing situations. We will write a custom essay sample on How to Write a Critique Essay or any similar topic only for you Order Now A critical essay does not mean being overly critical, it rather involves being able to challenge points of view and asking questions. Most further education courses involve writing essays of this type. How to Prepare for Writing a Critical Essay Understanding the title is particularly important in a critical essay. You need to deconstruct what you are being asked. First look for the underlying task you are asked to do (are you to produce an argument, argue for a position, or analyse a concept?). Next, identify the content words in the question: what subject are you to write about Also identify any limiting words in the question: what limits the scope of the essay Plan by creating a concept or mind map of your current knowledge and what you need to expand (see figure 1 for example mind map) A useful time-planner for writing a critical essay can be found here: http://www.jcu.edu.au/tldinfo/writingskills/documents/Critical_Essay_Planner.pdf How to Structure a Critical Essay Critique essays share the same structure as other types of essay, that is they should have an introduction, main body and conclusion. However, there are some features that distinguish the critique essay from other types: The introduction needs to include a thesis statement which identifies your position. You should also indicate briefly how you will argue for that position. The main body will present your argument logically and in a coherent way. You could use an appropriate paragraph structure for example starting each paragraph with a topic sentence (explaining the subject and main idea), follows this with one or more supporting sentence(s) (justifying the point you are making with evidence, critiquing opposing viewpoints) and end the paragraph with a conclusion which relates it back to the main question and thesis. The conclusion will summarise the main points of the essay, and relate the evidence discussed back to the original thesis. It may also consider the implications of the conclusions drawn, examine limitations, explore other relevant aspects and make suggestions. Critical Essay Skills You will need to display skills in analysis and the ability to critique in essays of this sort. Analysis involves a systematic and thorough approach to your topic, breaking ideas down into constituent parts, looking at how ideas work in isolation and in the context of a wider theoretical framework, and asking questions. Critical skills involve interpretation, evaluation, judgement and justifying; the ability to compare with other ideas; understanding how phenomena can be interpreted in different ways; and assessing arguments in terms of evidence for and against. The ability to construct an argument is key to successful critical writing. You should develop a line of reasoning which backs up your position. You also need to be able to identify and critique opposing positions. You should present your reasoning in a way which is clear and well structured, and flows logically. There are a number of general critical questions which apply to any text. Keep the following in mind to hone your approach to essay writing: How is this knownWhat makes the writer think it is true How reliable is this What is really going on here WhyHowWhen What has been left unsaid Which argument is stronger and why What is the main argument hereDo I agree with it(Why, Why Not?) Is this relevant How will I use this information How does this information relate to what I already know Bibliography James Cook University (2013) ââ¬ËWhat is a critical essayââ¬â¢, [online] (cited 13th February 2013) available from http://www.jcu.edu.au/tldinfo/writingskills/models/critical.html James Cook University (2013) ââ¬ËGuidelines for a critical essayââ¬â¢, [online] (cited 13th February 2013) available from http://www.jcu.edu.au/tldinfo/writingskills/documents/critical_essay_guidelines.pdf James Cook University (2013) ââ¬ËCritical Essay Plannerââ¬â¢, [online] (cited 13th February 2013) available from http://www.jcu.edu.au/tldinfo/writingskills/documents/Critical_Essay_Planner.pdf Palgrave (2013) ââ¬ËSkill development guide: writing a critical essayââ¬â¢, http://www.palgrave.com/business/brattonob2e/student/docs/critical.pdf [online] (cited 13th February 2013) available from University of Bristol Union (2009) ââ¬ËCritical Thinkingââ¬â¢, [online] (cited 13th February 2013) available from http://www.bristol.ac.uk/enhs/ct.pdf University of Sussex (2013) ââ¬ËCritical Writingââ¬â¢ [online] (cited 13th February 2013) available from http://www.sussex.ac.uk/s3/?id=122 How to cite How to Write a Critique Essay, Essay examples
Sunday, May 3, 2020
Deyaar Development
Question: You are required to provide a brief historical background of Deyaar Development PJSC in terms of performance, benchmarking against industry, and major changes in the past or foreseeable future. Answer: Preface: Deyaar Development is a renowned name and a recognized brand face of the real estate industry. It is a public limited company listed on DFM (Dubai Financial Market). It is headquartered in Dubai (UAE). Deyaar got listed on DFM in September 2007. The prime focus of the company is full-fledged real estate activities and if the criteria of going global is considered, it have more than 36 subsidiaries across the world running successfully. Deyaar was established in 2002 and on origination, it was property management unit of DIB (Dubai Islamic Bank). Later, it got established as independent real estate company and their business marked organized structure to develop real estate properties. As today, the infrastructural development of Dubai is considered extra-ordinary in the world and beyond the shadow of doubt, credit counts for giant firms like Deyaar.(EMIS) In the words of CEO Saeed Al Qatami, Deyaar always keep the track of the time and continuously refresh the core services of the co mpany. The purpose behind doing this is to let customers stay happy and satisfied with their relation to Deyaar. The journey of becoming the trust-worthy and customer focused real estate developer have not been very smooth. It took a while for Deyaar to bring success, name and fame in real estate sector. (Deyaar) Strategy: It is always a milestone for any business to become one stop solution provider for customers in their expert area. Deyaar have strategized its policies to provide customers with supremacy of services and vision to create natural living habitat. The scope of services never ends with handling over the property because customers are always preferred and their needs are met with Deyaar facilities management services. Currently, Deyaar is service provider for facilities management for over 18000 plus residential and commercial spaces. In a nutshell, success key of the Deyaar business are the happy customers. CEO emphasis on the success criteria by saying that successful projects not only mark the expansion of business but also shape entities that are serving as sustainable sources of revenue. (Deyaar) Key strategies: Adaptability to the fast moving global business environment helps Deyaar stay ahead in the race. Good deals to customers keeping their financial stability in context and this adds valued customer to the business pipeline. Unrivalled service quality Prioritizing social responsibility over profits have raised the performance bars for Deyaar. Market intelligence and world-class services are the backbone to enjoy edge over competitors.(Deyaar) In financial language, there are certain set of ratios applied to understand the financial performance of any firm. For Deyaar, following ratios are taken from the end of first quarter for the year 2016: P/E Ratio: Definition: It refers to the ratio of the companys stock price to the companys earnings per share. High P/E ratio could be achieved through: -Innovation in business activities. -Profits of the business. -Quality of the management. -Good return on capital invested(money control) Deyaar status on P/E ratio: Deyaar with P/E ratio of 68.39 and perhaps best in real estate industry and with rising stock price have positive impacts on earning of the company. (English Mubasher) Return on Equity: Definition: ROE is a profitability ratio. It measures the ability of a firm to generate profits from its shareholders investments in the company. (My accounting course) ROE can never be interpreted to be on the basis of high or low because lot more depends on the debt-equity mix. Deyaar status on ROE: From the financials of Deyaar, it is observed that equity is higher is the debt-equity mix. It concludes that investment from shareholders is utilized in the best potential. Deyaar have good ROE of 4.33 in the first quarter end of 2016 and thus, is positive in terms of growth and expansion of the business. (English Mubasher) Return on Assets: Definition: ROA is very simple in terms of understandings because it is effective indicator on how efficient is firm in utilizing its assets. (Accounting explained) Deyaar status on ROA: With ROA of 3.29, it is observed that Deyaar did not throw the funds in one area to earn profits but rather went for resourceful allocation to excel with large profits and less funds. (English Mubasher)Financial Figures: Deyaars financial report net profit for the year 2015 amounted to AED 291 million rising from AED 282 million of the year 2014. Alterations, modifications and predictions: Transfer from properties held for sales to investment properties- This move by Deyaar Development is being utilized in setting up hotel chains and other investment options. This resulted in generating long term revenues either by leasing or from rent. (Deyaar) Partnership with Ascioglu- Deyaar Development entered into strategic partnership in May 2016 with Ascioglu, a leading Turkish real estate brand. Deyaar with this partnership aims to offer optimal value to customers and strong returns on their investment. (Deyaar) Technical move to customer e-service portals- Deyaar development took this initiate to automate the process of feedback, complaints or service requests. E-portal is user friendly and also offers quick response. (Deyaar). Reference: ae,(n,d) CEO Message, viewed on June 13,2016 Myaccounting course,(n.d),Return on equity ratio, Accounting explained,(n.d).
Subscribe to:
Posts (Atom)