100 Dollars Laptop with the Media Lab of MIT Free Essay Example, 2250 words

SWOT analysis of the company reveals the major strengths and weaknesses of the OLPC that is presented in the tabular form below. The external environment or the macro environment has a strong impact on all activities and strategies of the organization. These factors include political, social, economic, legal, technological and eco-environmental factors. Two models are used to analyze the force and impact of these factors. These two models are called PESTEL Analysis and Porters five forces . An industry s attractiveness is evaluated through Porter s five forces model. According to the model, the forces that affect an industry are the threat of entrants, the threat of substitutes, bargaining power of buyers, bargaining power of suppliers and the level of rivalry among the existing competitors. The evaluation determines the attractiveness or unattractiveness of the industry and also helps in formulating strategies for obtaining a competitive advantage. The attractiveness of an indust ry, in turn, determines the overall profitability of the industry measured through overall return on investment. It requires utilizing the existing industry environment to gain competitive advantage. Out of the five forces, the strongest competitive force indicates the profitability of the industry and forms the most crucial part of strategy formulation. We will write a custom essay sample on 100 Dollars Laptop with the Media Lab of MIT or any topic specifically for you Only $17.96 $11.86/page Buyer power is relatively high because of high price sensitivity, greater buyer volume, minimal product differences and the availability of substitute products. Supplier power is low because the volume is important for suppliers, switching cost of suppliers and firms in the industry is not high and backward integration is more plausible than forwarding integration.

Gmo Persuasive - 2144 Words

A GMO is an organism whose genetic makeup is changed by humans. A genetically modified organism (GMO) is a plant, animal or microorganism whose genetic code has been altered, subtracted, or added (either from the same species or a different species) in order to give it characteristics that it does not have normally. A GMO is created when DNA from one organism is combined with another organism’s DNA to make one molecule. Scientists do this by cutting and joining DNA from different sources. This forms a new set of genes. They then transfer it into the organism so it has the modified genes. (http://www.i-sis.org.uk/FAQ.php, 11/30/09) With genetic engineering they can make bigger and more nutritious fruit and vegetables. Human embryos can be†¦show more content†¦Scientists can use viruses for delivering genes into your body. They disable the part of the virus that makes you sick and replace it with the healthy gene which then gets delivered to where it needs to go. (Ron Fridell, 12/1/09, p.30) Scientists have genetically modified animals as well in many ways which help produce a lot more food. Catfish have been modified so they grow all year round instead of just in the summer. By this happening farmers can breed and sell more catfish in a shorter amount of time. (Ron Fridell, 12/1/0 9, p.21). Also salmon have been engineered so they grow a lot larger than normal to provide more meat. These transgenic salmon create a lot more meat in the time normal salmon create less meat. Also there are cows that have been engineered so that they make several different kinds of milk. They can produce milk that is more easily digested by people who are lactose intolerant and milk with a longer shelf life. Also scientists can engineer cows that produce milk with a lower amount of fat so that it makes better cheese. This helps provide more food because people who where not previously able to drink milk now can and it also lasts longer as it will not spoil as quickly as normal milk. (http://www.geneticsandsociety.org/article. php?id=386, 12/1/09). Scientists have also found a way to save money and protect crops at the same time. Because pesticides cost a lot to buy and it takes time to spray theShow MoreRelatedPersuasive Speech About Gmo984 Words   |  4 PagesOf all the topics I can choose for my persuasive speech, the purpose why I chose â€Å"GMOs should be banned in Philippines† is because I want all of us to be aware what GMOs are and why GMOs should be banned. So first of, what are GMOs? GMOs or Genetically Modified Organisms is simply known as the transfer of genes. According to my internet sources, GMO is a gene from one organism that is purposely moved to improve or change another organism, GMOs are created when a gene from one species is transferredRead MoreGenetically Modified Crops : Hope For Developing Countries?1543 Words   |  7 Pagesidentifying and addressing prominent counter-arguments, displaying a localized need of the technology (soon to be globalized), and examining how harshly GMOs are criticized with specific comparisons to deforestation and other climate change variables. The authors intended audience is educated voter populations and politicians, in order to make an impact on the GMO debate. Herrera-Estrella s and Alvare z-Morales article serves its purpose, to educate and persuade those involved in the politically chargedRead MorePersuasive Essay : Genetically Engineered Foods835 Words   |  4 PagesPersuasive Research Essay: Genetically Engineered Foods Genetically engineered foods are products that are made out of genetically modified organism, or commonly known as GMO. The modification is inherited from generation to generation. These types of foods have deeply infiltrated the world’s food supply. Almost 90% of crops like corn, soybean, cotton, canola and sugar beets grown in the United States are now genetically modified. Genetic engineering promises increased crop yields, lowerRead MoreInformative Speech : Genetically Modified Organisms1535 Words   |  7 PagesJenna Persky Persuasive Speech Outline Topic: GMOs (genetically modified organisms) Audience: Speech class of students ranging from freshman to seniors, some may have prior knowledge of GMOs. General Purpose: To Persuade Specific Purpose: To persuade the people to stop eating GMO’s and eat organically. Thesis Statement: These human and environmental consequences are what lead people to eat organically. Today, there are a few points I would like to discuss with you all. 1) Introduction A) AttentionRead MoreBenefits Of Genetically Modified Organisms ( Gmos ) Essay2400 Words   |  10 Pagespurported benefits of Genetically Modified Organisms (GMOs), there is considerable debate surrounding their use. In the public sphere, beliefs concerning GMO tend to be dominated by two markedly opposing narratives – and it seems that one can only be in one of two camps: I. Critics of GMO: Arguing that the use of GMO is not justified as it is unnatural, unsafe, and may have long term environmental impacts. II. Advocates of GMO: Arguing that GMO is a technology that is justifiably used and an opportunityRead MoreGenetically Modified Crops : Hope For Developing Countries?1194 Words   |  5 Pagesidentifying and addressing prominent counter-arguments, displaying a localized need of the technology (soon to be globalized), and examining how harshly GMOs are criticized with specific comparisons to deforestation and other climate change variables. The authors intended audience is educated voter populations and politicians, in order to make an impact on the GMO debate. Herrera-Estrella s and Alvarez-Morales article serves its purpose, to educate and persuade those involved in the politically chargedRead MoreGenetically Modified Organism s ( Gmo ) Essay2226 Words   |  9 PagesOrganism’s (GMO) have been gaining public spotlight as scrutiny over their safety has recently been popularized. A GMO is defined as â€Å"an organism whose genetic material has been altered by means of gene tic engineering,† (Dictionary.com, 2015). The debate for both sides of the argument have been detrimental to the other and have yet to be copiously presented without a bias. While any organism can be genetically modified, the unrest between consumers and producers is centered around GMO crops becauseRead MoreGenetically Modified Organisms Are Harmful For The Overall Health Of The United States1756 Words   |  8 PagesGenetically Modified Organisms are harmful to the overall health of the United States and is an area of concern that warrants more attention. Natural News GMO Corn There are many issues that face Americans today and need to be addressed, though some that are more pressing in nature. One of which is of great concern being the large presence of GMOs in our daily diets,. In the rush to produce more food cheaper and make it resistant to disease and pest, we may have opened ourselves to unknowns. We haveRead MoreGenetically Foods ( Gmo ) Hurts The U.s.2462 Words   |  10 PagesGMO Genetically Engineered foods (GMO’s) hurts the U.S. as a whole from multiple aspects, goes against what people want, therefore the production of these foods needs to be eliminated. Genetically modified organisms make up a lot of the food in the U. S market today. Creating genetically modified organisms harms the environment. Consuming GMO’s can cause harmful health risks in the long run. Not labeling GMO’s the FDA is creating financial destruction in industries. The FDA seems to not put theRead MoreCommon And Extremely Successful Tactic Essay1734 Words   |  7 Pagestime to think over their true intentions of the purchase. This tactic has been observed as being successful. Considerably, the military is one of the largest organizations that is also incredibly efficient in their forms of advertising. Their most persuasive tactic includes the fact that they will provide an individual with a group to identify with. Social Identity is an important basic necessity for every human (Ashforth). The promise of being accepted into a group and given a prestigious label is

Mimicking Insider Trading Free Essays

Introduction Much of the field of finance Is focused on creating abnormal returns?that is to say. Returns that are different from what one might expect them to be based on various characteristics of the investment?by identifying so-called â€Å"inefficiencies† in the stock market. Perhaps one of the most well-known strategies for taking advantage of these Inefficiencies, a strategy widely discussed In academic as well as Industry literature, is following the trades of company insiders. We will write a custom essay sample on Mimicking Insider Trading or any similar topic only for you Order Now In the united States, company insiders are required to report to the SEC any time they engage in a purchase or sale of their rim’s stock. Within two business days following the date of the trade. This Information, once reported to the SEC, Is subsequently made available to the public almost immediately, allowing outsiders to see exactly how insiders are trading. When insiders trade based on material non-public information and earn abnormal returns, it is a violation of the strong form of the Efficient Market Hypothesis, which itself is not backed by any significant emplace evidence, However, If outsiders are able to earn abnormal returns by mimicking Insider trades, this becomes a violation of the ideal-accepted semi-strong form of the Efficient Market Hypothesis, which states that the price of a stock incorporates all publicly available information. The academic literature contains many studies which attempt to generate excess returns by replicating Insider trades, with varying degrees of success. While some early studies (Gaffe 1994, Finery 1996) claimed that outsiders were indeed able to create a small amount of excess returns, a later study by University of Michigan Professor H. Negate Shun concluded that once these trades accounted for transaction costs, the excess returns would be nearly zero. Later studies by Rezone and Zamia (1988). Line and Howe (1990) and Frederica, Gregory, Mahatma and Tones (2002) have also reaffirmed that transaction costs depleted all the excess returns from these studies. (1)On the other hand, several studies conclude that it is possible to earn excess returns by applying a â€Å"mimicking strategy’ selectively. For example, Lakefronts and Lee (2001) conclude that if an investor mimics only large trades and only by the top management of a company (excluding board members, majority shareholders and other company employees), an outsider could in fact generate excess returns. Other theories suggest that It Is possible to successfully replicate Insiders trades by using the strategy in markets outside the US, such as in the Italian, German and Spanish markets. [l] A critical factor in determining whether an outsider will profit from replicating the trade of an insider is the motivation behind the trade. Insiders are likely to engage In Insider trades for a number of reasons, not all of them connected to Inside Information on future firm performance. An Inside trade that Is ambulated by liquidity or diversification needs is unlikely to contain any â€Å"predictive power and exult in any abnormal return for an outsider. While it’s relatively obvious that the Insider’s motivation In making an Inside trade Is a key factor in determining how successful the outsider’s mimicking trades will be, existing academic literature has, for the most part, been unable to take advantage of this factor to increase returns on test portfolios. Were outsiders able to identify the motivation behind the insider’s it might become possible to create a portfolio of performance-predicting trades, which would generate abnormal returns. In a 2007 paper entitled â€Å"Decoding Inside Information†, (Cohen et al. Harvard University and University of Toronto professors test an innovative and original approach to mimicking insider trades. By using a simple algorithm, the strategy attempts to separate insider traders into two categories: opportunistic traders and routine traders. Specifically, the algorithm involves analyzing the past three years of an insider’s trading history, and identifying as routine traders those who had made inside trades in the same calendar month for three consecutive years. The remaining insiders, approximately, 45% of Cohen et al. ‘s sample, is identified as opportunistic traders. Insiders without three years of trading story are discarded from the sample entirely. Cohen et al. Test whether the trades made by these â€Å"opportunistic traders† contain any predictive power relating to firm performance, and how the trades of â€Å"routine traders† perform in comparison. Methodology In order to test the efficacy of this strategy, the authors construct four test portfolios at the end of month t, comprised of month it’s: a) Opportunistic buys b) Opportunistic sells c) Routine buys d) Routine sells At the end of each month, the portfolios are rebalanced to reflect the routine and opportunistic inside trades and buys in that month. The objective of using these oratorios is to test whether or not there is any added value in separating routine traders from opportunistic traders, using the algorithm designed by the authors. In other words, the study tests whether following only those insiders identified by the algorithm as â€Å"opportunistic† could yield a positive alpha, and how this compares to the returns of the â€Å"routine trader† portfolios. As noted above, the SEC requires insiders to report transactions within two business days following the trade (prior to the enactment of Serbians-Solely in 2002, insiders had until the 10th day of the following month to report the trade). In the sample used by Cohen et al. , nearly all of the trades were reported on the day on which the insider made the trade. (2) As such, by the time the portfolios are rebalanced at the end of each month, information on these inside trades would have been publicly available knowledge. Nonetheless, it is important to consider the potential implications of this on the results of the strategy. Predictive Ability of Routine vs. Opportunistic Trades In order to determine whether the â€Å"opportunistic† traders, as defined by Cohen et al. s algorithm, actually contain any predictive power, the authors run pooled aggressions of returns on indicators of routine and opportunistic trades in the prior month, with future one-month returns as the dependent variable. The findings reveal that both the buy and sell opportunistic trades contained much greater predictive power than routine buys and sells. The results reveal that opportunistic buys yield average returns 0. 90 basis points (with a t-statistic of 4. 46), 76 basis points higher than that of routine buys. With a p-value of 0. %, the difference is significant. It is much better indicator than considering all insider buys. Testing opportunistic versus outing sells exhibits similar results, with a coefficient of -0. 78 in the regression of opportunistic sells, and 0. 04 in the regression of routine sells. The difference is again significant with a p-value of 0% (F=29. 30). See Table 1 in Appendix for full results. Alpha The authors test for the presence of abnormal returns using several different asset pricing models, including the CAMP and the Fame-French model, as well as others. While the tests use two different types of portfolios, one value-weighted and one equally weighted, the findings are similar and the results below will therefore focus only on the equally-weighted portfolio. In the case of opportunistic versus routine buys, the results indicate monthly CAMP alphas of 1. 51% (with a t-ratio of 5. 89 and p- value 1%) and 0. 92% respectively. Examining the results with a more complete model, such as the Fama-French, reveals similar findings with opportunistic buys versus routine buys generating monthly Fama-French alphas of 1. % (t-ratio of 5. 49) versus 0. 64%, respectively. Opportunistic versus routine sells leads to similar results. The monthly CAPM alphas for opportunistic sells and routine sells are -0. 30% and 0. 2% respectively and monthly Fama-French alphas of -0. 21% and 0. 43% for opportunistic and routine trades respectively. It is therefore clear that while the opportunistic sells are negatively correlated with the market, the routine sells are not. The results obtained with the others risk models lead to the same results. The results indicate that longing opportunistic buys, and shorting opportunistic sells could yield significant excess returns. An equally-weighted portfolio of opportunistic buys and sells yields a monthly CAMP alpha of 1. 81%, and a monthly Fame-French alpha of 1. 41%, with respective t-ratios of 5. 6 and 5. 04. Based on these results, it is evident that by separating routine and opportunistic trades from trades motivated by liquidity and diversification needs, and following only the former, outsiders may be able to significantly outperform the market. Distribution of Returns While the study by Cohen et al. Goes not provide much information on the characteristics of the distribution of returns on the various portfolios used in their study, looking at other sources which study insider trading strategies may provide some insight into this issue. This information is highly relevant to risk-averse investors, to whom the probability of losses may be as important as the expected return. I n Investment Intelligence from Insider Trading, H. Negate Shun finds that the probability of loss (defined as earning lower returns than an investment in the market portfolio) on a single mimicking transaction is 49. %, excluding transaction costs, and 51 . 7% when transaction costs are taken into account. (3). When combined with the study findings on average return, which falls in the 2-3% depending on the minor variations in the study various tests of the strategy, the approximate 50-50 arability of loss indicates a positive-skewed distribution. As such an investor must mimic a large number of insider trades in order to earn returns near the average of 2-3% in Shunt’s findings. While the relatively high probability of losses may seem risk averse investors, as it indicates a smaller probability of extreme negative losses. Although there are substantial differences between Cohen et al. ‘s study and Shunt’s study?likely the most important of which is that Shun does not differentiate between routine and opportunistic insiders as Cohen et al. Do?the results from Shunt’s study may be an indication that the distribution of Cohen et al. ‘s results are positive-skewed as well. Indeed, it is likely that following only opportunistic traders would both reduce the probability of extreme negative losses, as well as increase the probability of extreme positive gains, thereby resulting in an even further positive- skewed distribution. In addition, the high probability of loss illustrated in Shunt’s findings would likely also be reduced when following only opportunistic traders. Trading Costs and Refinancing Because this strategy involves relatively active trading, its costs (commission fees and id-ask spreads) will undoubtedly be higher than those of a buy and hold strategy. That said, when the strategy is applied selectively, as is the case in the Cohen et al. Study (I. E. By mimicking only opportunistic insiders rather than all insiders) trading costs can be significantly reduced. In Cohen et al. ‘s study, the test portfolios are rebalanced at the end of every month, based on that month’s opportunistic insider trades. In both the opportunistic sell and opportunistic buy portfolios, outsiders would be able to profit by shorting and buying, respectively, holding for a month, and balancing at the end of every month. Monthly refinancing requires immediacy, and the stocks would need to be purchased and sold using market orders. The outsider would thus incur the additional costs off larger bid-ask spread. Outsiders may potentially be able to rebalanced less frequently, submitting limit orders instead of market orders, holding on to the stocks for longer periods of time, and still profit. According to Shunt’s findings,(4) in the case of an â€Å"insider buy’, the profits are realized over the course of several months. (5) As such, the outsider may be able to educe refinancing to twice a year, and hold on to â€Å"insider buy’ stocks for 6 months. In this case, the outsider could likely afford to submit a limit buy order and wait a few days before it executes. However, this does not apply in the case of an â€Å"insider sell†, as there is no evidence to indicate that these profits are realized over a period of many months. As such, monthly refinancing it necessary. Barriers to Implementation In reality, while the strategy would certainly not be difficult to follow for an institutional investor or a sophisticated individual investor, it would perhaps present mom challenges for the average investor. In Investment Intelligence from Insider Trading, Shun advises that an investor mimic close to 100 insiders, in order to reduce the probability of loss to an acceptable level. 6) Granted, applying this to a strategy which differentiates between opportunistic and routine traders would likely require an outsider to follow a smaller number of insiders in order to obtain a reasonably limited probability of loss. Another potential barrier for the average investor is differentiating between routine and opportunistic traders. While Cohen et al. Er e able to accomplish this, as would institutional and sophisticated investors, it resources to successfully differentiate between the two types of insiders. While these issues may not be particularly large obstacles, they do present additional considerations and challenges for the individual investor. Insider Trading and Serbians-Solely An interesting point to consider is the impact of changing SEC reporting regulations on an outsider’s ability to profit from following insider trades. A Stanford University study (Zealand 2005)(6) tested the success of a generic â€Å"mimicking strategy’ in the ears leading up to Serbians-Solely, versus the success of the strategy in the years following the enactment of the new legislation. The study found that in the first 27 months, it was possible to generate excess returns of up to 17. 67%, including trading costs. After this period, however, it was no longer possible to obtain these returns, likely because the market had fully adjusted to this new source of public information. Looking forward, it is possible that any further changes in SEC regulation make information more readily accessible with a smaller delay, will present investors with another opportunity to earn additional returns before the market is able to react. Strategy Comparison While Cohen et al. Are the first to attempt to generate excess returns by differentiating specifically between routine and opportunistic traders, a number of studies in the academic literature have sought to increase returns from following insider trading by applying the strategy in various other selective ways. Although the â€Å"routine vs.. Opportunistic† strategy appears to be the most successful thus far, several other versions of the strategy have also managed to create excess returns. A duty conducted in Sweden (Ayatollah and El-Marin, 2005) reveals that replicating insider trades of stocks listed on the A-List and Attract 40 (the Swedish stock indices reserved for larger companies with significant operating history) does not generate abnormal returns at a significant level. On the other hand, replicating buy transactions of â€Å"insider clusters† (multiple firm insiders making similar trades in the same time period) of firms trading on the O-list (designated for companies which lack the requisite operating history or size for listing on the more established lists) could generate abnormal returns up to 33. , excluding transaction costs. By selectively applying a mimicking strategy to smaller companies rather than larger ones, to buy transactions rather than sell transactions, and to insider clusters (numerous firm insiders making same-type trades in a given period of time) rather to individual investors,(7) an outsider may be able to generate excess return s. The study conducted by Shun, which examines 60,000 insider transactions on the NYSE from 1975-1981, reveals similar results. Over the course of 100 days, the buy transactions exhibited excess returns of 3%, while the sell transactions underperformed the racket by 1 . %. In other words, an outsider may have been able to profit by going long â€Å"inside buys†, but not by shorting â€Å"inside sells†. He also found that there has been a greater amount of uninformative sell transactions that have taken place in the ass, compared to the ass-ass(8), it could be that since sass, the amount and frequency of stock compensations has greatly and continuously increased,(9),thus it into routines and opportunistic you would be able to keep the informative transactions and be less affect by this tendency. Shunt’s results also indicate that placating insider trades in smaller firms generated higher excess returns than insider trades in larger firms. (10) It may be easier to generate excess returns by replicating insider trades in smaller firms, because these insiders are typically subjected to less scrutiny by analysts and by the media than their counterparts in larger firms. As such, they may be more willing to engage in profitable, â€Å"performance- predicting† trades than insiders at larger firms. However, it’s also possible that these trades generate higher expected returns simply because they have increased risk. In order to compensate investors for this risk, investments in smaller firms can be expected to generate higher returns, as reflected in the Fame French model. Similar to the Swedish study, a study conducted by Jenny et al. (1999) (7) also found replicating insider cluster transactions to be more profitable than replicating individual insider transactions. The rationale behind this?that same-type transactions from multiple firm insiders within a given period is likely motivated by insider knowledge rather than by investor-specific needs–is fairly obvious. 11) Cohen at al. Observe similar results in Decoding Inside Information. The study findings indicate that a one- standard deviation increase in the log number of opportunistic sells translates into a decrease in future returns of 29 basis points per month (excluding the specific days each year when firm executives receive stock compensation and subsequently liquidate some of their stake in the firm). (12) By differentiating b etween routine and opportunistic traders as Cohen et al. O, outsiders can avoid these routine sells, and mimic only informative inside clusters. Looking Forward Although Cohen et al. And others have illustrated various ways in which outsiders ay be able to generate excess returns by mimicking insider trades, several potential obstacles may stand in the way of this strategy in the future. As with any market inefficiency, increased popularity of the strategy as well as increased accessibility to information on insider trades may cause a decline in future returns. Today, there are already a multitude of web sites that allow outsiders to track insider trades, making information about such trades readily accessible to the average investor. As a growing number of outsiders attempt to replicate these trades, it is likely that it will come increasingly difficult for investors to mimic trades in time to capture any gains. Another potential threat to this strategy is the proliferation of endowment assurances, which firm insiders use to take advantage of offshore solutions in order to hide their transactions. Insiders are therefore able to trade stocks and derivatives of companies â€Å"anonymously’, and avoid reporting insider trades to regulators. This would obviously prohibit outsiders from gaining access to and mimicking insider trades. (13) Lastly, increased penalties for insider trading could also threaten the success of the strategy. Cohen et al. How that during periods with increased cases of investors being prosecuted for insider trad ing, the number of trades identified as â€Å"opportunistic† decrease. In other words, insiders take seriously the risk of being caught and charged. How to cite Mimicking Insider Trading, Papers

World Wide Opportunities on Organic Farms †MyAssignmenthelp.com

Question: Discuss about the World Wide Opportunities on Organic Farms. Answer: Introduction. In this paper, the researcher explains the key concepts surrounding the sustainable restaurant industry, reviews the relevant theories that apply to the field as well as reviewing past studies that have been done in the past about the same area of study. By doing so, the researcher will establish the gap that this particular study aims to bridge. According to Bobbitt (2012), this is a type of restaurant that has put measures in place to ensure that there is minimal waste production, preparing and selling healthy organic foods and through other ways like energy conservation, greener lighting, architectural design and much more. However, this study is narrowing down to sustainability through the provision of organic vegan food, which has proved to be a lucrative opportunity for many restaurants in Australia. As asserted by Rouse (2018), this is a new farming method which involves growing foodstuff in layers that are vertically stacked. It may or may not use soil since there are alternatives such as hydroponics. Vertical farming is mostly done in areas where arable land is not sufficient or in cities where there is a lot of pollution. It is one of how this study aims at using to produce safe organic foods in Australian cities. The Fresh Farm restaurant will embrace vertical farming to ensure that it cuts costs on buying vegan foods that are expensive as well as become self-reliant. According to Hackett (2018), this is a lifestyle whereby a person chooses to be a strict vegetarian by avoiding all types of food derived from animals such as meat, dairy products, eggs and any other food processed using animal products. Vegans eat foods such as legumes, vegetables, cereals legumes and fruits. With the rise of the use of manufactured food and lifestyle diseases, most people are finding it easier to avoid them by embracing holistic and healthy habits such as feeding on organic food; vegan feeding is among the top-three nutrition trends in Australia. Most people are ditching processed foods and adopting healthy habits such as vegan feeding which is considered as adopting vegan. Feeding is viewed not just as a lifestyle but rather as a value of healthy living. Griffith, Livesey and Clayton (2010), did research that found out that people who have values associated with healthy living are more likely to buy vegan food. That is because such people will associate their values with things that are basic such as the types of food they buy. This is the reason why many vegan restaurant startups such as The Fresh Farm restaurant does not view venturing into the vegan food business as just a mere opportunity because it is a core issue to vegan diet consumers. Research by (Aertsens et al., 2009) shows that if someone values something, they will be willing even to spend more to purchase it. This is because the products give a picture of who they are and their values as well. Market research on food trends. A lot of market research about food trends in Australia has been conducted to establish the viability of sustainable restaurants. According to modern foods trends report as compiled by Hogan (2017), the statistics show a promising future for sustainable restaurants. First, 85% of Australians are striving to buy healthy food. This sees each household spending at least AUD $4515 to follow special diets. The exposure to a lot of information through social media has steered the change in food preferences. Interestingly Australians spend $21 on home deliveries, $89 on home deliveries and $377 on buying groceries per month. This shows that there is a booming market for sustainable restaurants in the country. Sustainable restaurants are likely to succeed because a big number of consumers nowadays buy organic foods that promote their wellbeing. A study by (Barber, 2010) shows that the rise of cancer has acted as a persuasive tool to urge people to feed on organic foods that help in maintaining their health in a very big way. On the other hand, consumers of organic food do not seem to be sensitive to the prices of such food as compared to the cheap processed food. These benefits range from the holistic health benefits that these foods promote in the human body, taste as well as the safety of the food, many processed foods are said to contain many chemicals, some of which may be harmful to the body. This is according to (Hamzaoui, Essoussi and Zahaf, 2008). He further argues that credibility of organic foods continues to attract more consumers each day. This is why there has been a robust growth in the number of sustainable restaurants in Australia. Current business research shows that plent y of market research is aimed at ensuring sustainable development. This is being achieved through sustainable restaurants that are focusing on selling organic foods produced through vertical farming. Vertical farming is a new technique used to grow and harvest organic foods in vertical stacked. It is commonly used in places where arable land is not sufficient or in situations where the owners do not want to engage in the tedious process of food production using the traditional method. Traditionally, food production has been very costly and labour intensive. The use of environment- polluting machinery and chemicals has always worsened the already worsening environment. (Viking and de Boer, 2004). The volumes of production have also been a subject of many factors such as water availability and prevailing climatic conditions. Vertical farming is a complete revolution that aims at utilizing no land apart from aerial space in densely populated areas. Market research shows that the growth in population is shrinking arable land. (Griffith, Livesey and Clayton, 2010) States that increase in demand for the consumption of unprocessed bulk products is a factor that led to the innovation of vertical farming. The sustainable restaurants are also a result of the environmental conservation campaigns that are aiming at transforming food production. The triple bottom line for sustainable restaurants is using environmentally friendly products equipment. The aim is normally to cut costs and preserve the environment. They are a big part of balancing the ecosystem because they dont emit any poisonous substances into the environment. Sustainable restaurants are going to be the next big thing if sufficient research and funding will be put into such startups (Holden, 2017). They are a complete transformation to food production, resource conservation and utilization of locally available resources. According to Panichelli and Gnansounou (2015), agricultural emissions contribute to 78% in Australia. This makes the traditional agricultural methods unsuitable due to environmental pollution. Vertical farming cancels that out because it doesnt utilize any soil or machinery. It is environmentally friendly and utilizes no soil. There are zero harmful emissions from vertical farming. Vertical farming can easily utilize renewable sources of energy such as solar systems and photovoltaic systems for lighting purposes. These sources are the most suitable for areas where arable land is not easily available. The increasing demand for organic food is an opportunity that vertical farming aims to tap. Vertical farms utilize very small spaces to grow a wide variety of food products. This gives the restaurants a chance to grow as many products as possible. This ensures that the scope of products being offered is wide enough to satisfy consumer needs. Risks of vertical farming There is no existing success history of large-scale vertical farming. This has created a lot of negative criticisms from competing businesses (Maycock, 2008). Competitors of this technology claim that the concept may not work especially in areas where demand is high while production of the food products is low. Vertical farming has a history of investing in the very expensive agricultural products. This makes the concept only feasible for the few rich people in the society who can dispense large sums of money to buy the organic food products. The fresh farm being a startup, may need to invest in growing organic plants that can be consumed by a wide range of buyers from the Darlinghurst region. On the other hand, there are also opportunities and risks that are facing the sustainable restaurant industry. In as much as there is a great opportunity window, there are also some risks that may hinder the growth of the same. The growing market for vegan foods consumers in Australia is a brilliant opportunity for sustainable restaurants to tap in. Recent research shows that the consumers keep increasing in number, making the business a boom and a wise opportunity to invest. Consumers of vegan dishes are aware that the food products are cheap, this makes it easy for restaurants to sell products without resistance from the buyers. Sustainable restaurants have a niche of loyal clients. Sustainable restaurants use cheap and available products to grow their food products (Foundation, 2018). Growing the food products dont need any land or machinery. This makes it simple for them to source foods without spending much. It is an opportunity that restaurants can exploit to create and sell healthy organic foods that are hard to produce regularly. Risks of sustainable restaurants Vegan foods consumers are highly careful with where they buy food and are likely to check credibility. Startups like the green farm may have to go through all the verification processes for consumers to believe in them. Verification can be one through being registered with the union of green hotels in Darlinghurst region. The certification plays a big role in notifying the consumers of product authenticity. It may be hard to source supplies before the restaurant can start harvesting from their vertical farms. Outsourcing all food products for the restaurant may not be cost-effective for the startup. References Aertsens, J., Verbeke, W., Mondelaers, K. and Van Huylenbroeck, G., (2009) Personal determinants of organic food consumption: a review.British Food Journal, 111(10), pp.1140-1167. Barber, N., (2010) Green wine packaging: targeting environmental consumers.International Journal of Wine Business Research, 22(4), pp.423-444. Bobbit, J., (2012)What is a Sustainable Restaurant? - Davis Wince, Ltd. [online] Davis Wince, Ltd. Available at: https://www.daviswince.com/2012/what-is-a-sustainable-restaurant/ [Accessed 4 Apr. 2018]. Foundation, G., (2018)Sustainable Agriculture - The Basics. [online] GRACE Communications Foundation. Available at: https://www.sustainabletable.org/246/sustainable-agriculture-the-basics [Accessed 4 Apr. 2018]. Griffith, C., Livesey, K. and Clayton, D., (2010) The assessment of food safety culture.British Food Journal, 112(4), pp.439-456. Hackett, J., (2018)What Is a Vegan? What Do Vegans Eat? [online] The Spruce. Available at: https://www.thespruce.com/what-do-vegans-eat-3376824 [Accessed 4 Apr. 2018]. Hamzaoui Essoussi, L. and Zahaf, M., (2008) Decision-making process of community organic food consumers: an exploratory study.Journal of Consumer Marketing, 25(2), pp.95-104. Hogan, A., 2018.Healthy eating trends are costing Australians big bucks | Australian Food News. [online] Ausfoodnews.com.au. Available at: https://www.ausfoodnews.com.au/2017/09/25/healthy-eating-trends-are-costing-australians-big-bucks.html [Accessed 5 Apr. 2018]. Holden, R., (2017) Its called vertical farming, and it could be the future of agriculture.Forbes Welcome. [online] Available at: https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/ronaldholden/2017/11/04/its-called-vertical-farming-and-it-could-be-the-future-of-agriculture/refURL=https://www.google.com/referrer=https://www.google.com/ [Accessed 4 Apr. 2018]. Maycock, A., (2008) World Wide Opportunities on Organic Farms (WWOOF) (https://www.wwoof.org/).Journal of Agricultural Food Information, 9(4), pp.282-288. Panichelli, L. and Gnansounou, E., (2015) Impact of agricultural-based biofuel production on greenhouse gas emissions from land-use change: Key modelling choices.Renewable and Sustainable Energy Reviews, 42, pp.344-360. Rouse, M., (2018)What is vertical farming? - Definition from WhatIs.com. [online] WhatIs.com. Available at: https://whatis.techtarget.com/definition/vertical-farming [Accessed 4 Apr. 2018]. Viking, H. and de Boer, J., (2004) Food sustainability.British Food Journal, 106(5), pp.359-365.

Lord Of The Flies - Character Study Essays - Fiction,

Lord Of The Flies - Character Study The main theme William Golding focuses on in The Lord of the Flies is his opinion that, when taken away from a civilised society, people will revert back to being primitive, animal like creatures. He portrays this view throughout the book by using very different characters almost all of whom eventually forget their civilised ways. The book tells the story of a group of school boys who, after their plane crashes, are stranded on a tropical island without any adults. At first they seem enthusiastic about the situation and quickly elect one of the boys, Ralph, as a leader, but pretty soon things start to deteriorate. Another one of the boys, Jack, leaves the group to form his own tribe who become more and more violent and obsessed with hunting pigs and the beast, that they believe lives on the island. Their violence results in the killing of two of the other boys, and at the end of the book they try to kill Ralph before all being rescued by a naval officer. The title of the book comes from an episode where Simon, a shy boy, who is described by the others as batty hallucinates that the dead pigs head in front of him is talking to him. The pigs head is surrounded by flies, so Simon calls it the Lord of the Flies. The title could also have another more symbolic meaning, because as time goes on the boys become more like flies themselves. Ralph, the main character in the story is introduced to the reader as a fair and likeable boy, he is the only boy who will listen to Piggy, an overweight boy who is ridiculed by everyone else for being fat and because he wears glasses and suffers from asthma, even though he is the most intelligent of all the boys. When he finds a conch, a type of shell, Ralph listens to Piggys suggestion to use this to call the others. Have a meeting. Theyll come when they hear us. At the start Ralph is well respected and looked up to by the rest of the boys, who choose him as their chief. There was a stillness about Ralph as he sat that marked him out: there was his size, and attractive appearance; and most obscurely, yet most powerful, there was the conch. The respect the boys had held for Ralph did not last for long. Ralph continually stressed to them the importance of making a signal fire on top of the mountain, so that ships would see the smoke and come to rescue them. He tells the boys, The fire is the most important thing on the island. How can we ever be rescued except by luck, if we dont keep a fire going? The rest of the boys as they became more savage were more interested in hunting than keeping the fire going. Ralph could not understand why they ere becoming obsessed with hunting and gradually he became confused and unable to think clearly, Ralph was puzzled by the shutter that flickered in his brain. There was something he wanted to say; then the shutter came down. Ralph began to rely on Piggy to help him when he couldnt remember what to say. Eventually even Ralph and Piggy became savage, if only for a moment. When Simon crawled out from the forest in the dark the boys thought he was the beast and Ralph and Piggy joined in a s they mauled him to death. Out of all of the boys the one who changed the most on the island was probably Jack. He started out far less likeable than Ralph but despite this was very disciplined. He was head boy in his choir, who soon became his hunters, and he was more arrogant than Ralph in his desire to become the chief, saying I ought to be chief, because Im chapter chorister and head boy. His discipline over his choir was also shown when they were voting for the chief, With dreary obedience the choir raised their hands when Ralph asked who wanted Jack to be chief. He also has an unpleasant personality, expressed when he says Shut up, Fatty. to Piggy. The

Free Essays on Henry James

â€Å"Presently a small boy came walking along the pathan urchin of nine or ten. The child, who was diminutive for his years, had an aged expression of countenance, a pale complexion, and sharp little features. He was dressed in knickerbockers, with red stockings, which displayed his poor little spindle-shanks; he also wore a brilliant red cravat.(Daisy Miller by Henry James pg.3).With great character descriptions like this no wonder he was one of the greatest writers in his time. In his 50- year writing career he was the one kids looked up too, and other authors looked up too to. He had his own style it was straightforward and realistic. His fiction stories is the best ever, and his characters that he makes are so creative. In this essay you will be able to tell his life and his profound effect on his work. James was born in New York City, His dad was also named Henry James. He was born into a wealthy prominent family. His dad was a religious philosopher, and was part of the leading thinkers of the 1800s, His mom name was Mary Robertson James. James had three brothers and one sister. His dad gave the children weird education by taking them to England and staying there long visits, but that paid off as you can tell. James brother became a great philosopher and psychologist. The year Henry James turned twelve years old his family moved to Switzerland and later to France and Germany. After the completion of his family’s travels, Henry James returned to America and enrolled in Harvard law school in 1882 for a while. He withdrew soon after his enrollment because he desired to pursue writing rather than an education. James never married, he said in the taleâ€Å"The Lesson Of The Master† (1888), he considered to be an artist you should be free of all the obligations of a family. James left America in his early 30s, and moved to Europe, he felt that living in Europe was more complicated societies and offer him bett... Free Essays on Henry James Free Essays on Henry James â€Å"Presently a small boy came walking along the pathan urchin of nine or ten. The child, who was diminutive for his years, had an aged expression of countenance, a pale complexion, and sharp little features. He was dressed in knickerbockers, with red stockings, which displayed his poor little spindle-shanks; he also wore a brilliant red cravat.(Daisy Miller by Henry James pg.3).With great character descriptions like this no wonder he was one of the greatest writers in his time. In his 50- year writing career he was the one kids looked up too, and other authors looked up too to. He had his own style it was straightforward and realistic. His fiction stories is the best ever, and his characters that he makes are so creative. In this essay you will be able to tell his life and his profound effect on his work. James was born in New York City, His dad was also named Henry James. He was born into a wealthy prominent family. His dad was a religious philosopher, and was part of the leading thinkers of the 1800s, His mom name was Mary Robertson James. James had three brothers and one sister. His dad gave the children weird education by taking them to England and staying there long visits, but that paid off as you can tell. James brother became a great philosopher and psychologist. The year Henry James turned twelve years old his family moved to Switzerland and later to France and Germany. After the completion of his family’s travels, Henry James returned to America and enrolled in Harvard law school in 1882 for a while. He withdrew soon after his enrollment because he desired to pursue writing rather than an education. James never married, he said in the taleâ€Å"The Lesson Of The Master† (1888), he considered to be an artist you should be free of all the obligations of a family. James left America in his early 30s, and moved to Europe, he felt that living in Europe was more complicated societies and offer him bett...

Assignment 1 Example | Topics and Well Written Essays - 500 words - 1

1 - Assignment Example Dell states, in their SEC Form 10-K, that their business strategy â€Å"combines its direct customer mood with a highly efficient manufacturing and supply chain management organization and an emphasis on standard-based technologies. This strategy enables Dell to provide customers with superior value; high-quality, relevant technology; customized systems; superior service and support; and products and services that are easy to buy and use.† From just looking at the business strategy it shows that Dell, Inc. is a business which thrives off customer intimacy with the ability to make the right product for the customer, and the customer alone. As with any company there are risks that will threaten their ability to appease their stockholders. Some of these risks include: drops in the economy which affect net revenue; drop in international sales; infrastructure failures; loss of government contracts; wars, terrorism, natural disasters, and public health scares. There are controls out there for every one of these situations. Keeping prices reasonable here and overseas will make sure that even a dip in the global economy will not affect the sales too terribly bad. Furthermore, evaluations of personnel, equipment, and property will also ensure that there are no infrastructure failures. For government contracts, keep your bids a little lower than the competitors, this will also help out when wars, terrorism, natural disasters, and public health scares threaten profits. The SOX Act of 2002 definitely affects every major corporation basically stating that everybody on the board is held accountable with the CEO, Chairman of the Board signing off on the finalized SEC 10-K Forms each year. This affects the disclosures by telling Dell that they must report accurately since a third party will audit the records to see if they are off. Furthermore, it affects the disclosures by making sure that Dell keeps everything on the

Over-Population Term Paper Example | Topics and Well Written Essays - 1000 words

Over-Population - Term Paper Example Majority of this population is in Asian countries. The concept of overpopulation is broader than merely population densities. It includes the ability of the environment to sustain a growing population. The increasing human population exerts lot of pressure on the available resources to extent that the carrying capacity may be surpassed. The effects on the environment may be coupled with other effects such global warming and overall climate change. Overpopulation would occur when the human population will exceed the earth’s resources. With the current reductions in child mortality rates, better medical care and good life present in some parts of the world chances of the earth becoming overpopulated are high. However, the problems of overpopulation are more common in the developing world compared to developed nations due to fertility rates. It is the responsibility and role of everyone in the world to help reduce population growth. There are different opinions explaining the trends and effects of global human population growth. Malthus population growth theory was based on the concept of carrying capacity. The prediction was that the human population was growing at a high rate in relation to the available resources to sustain the population. The result of such population growth was that there will times when the resources will not be able to sustain the human population which, will eventually crash. Such school of thought and other opinions by new-Malthusian believe that there are still chances of a population crash triggered by various environmental factors such as climate change. The â€Å"Malthusian† theory is one of the well known and most criticized theories explaining the relationship between human population growth and the environment. The theory emphasizes on the fact that as the population grows people will utilize all the resources to the extent that there will be hunger, famine and environmental degradation. However, many

International Management Research Paper Example | Topics and Well Written Essays - 1000 words

International Management - Research Paper Example Introduction Rwanda is a country I Central Africa with a total area of 24669 square kilometres. It has a temperate climate with two rain seasons and has natural resources such as gold and tin. The country is landlocked and experiences occasional droughts and volcanic eruptions in some areas. A king ruled it prior to colonization by Belgium (Central Intelligence Agency 2013). Rwanda experienced genocide because of long-term ethnic conflict. About a million people died in the genocide and more than two million fled the country. A rebel group that overthrew the then government restored order and the country is currently stable (Central Intelligence Agency 2013). Political stability is one of the post genocide developments as the rebel group established a government and order in the country. Other aspects such as security, justice, reconciliation, and economy have improved and the economy recorded a growth rate of seven percent in recent statistics (King, 2013). Rwanda’s populatio n majorly consist of two ethnic groups, Hutus and Tutsi. Hutus overthrew the king that ruled the country in the year 1959 and this led to civil war in which Tutsis were murdered and many of them forced to flee to exile. Descendants of the exiled formed a rebel group that returned to Rwanda in the year 1990 and together with political and economic interests culminated to the country’s genocide in the year 1994. About a million people died, including three quarters of the minority Tutsi, before the Rwandan Patriotic Front defeated government forces. The victory by the Tutsi rebels caused mass exile of more than two million Hutus for fear of ethnic cleansing. The country stabilized from the civil war and joined commonwealth in the year 2009 and the United Nations’ security council in 2013 (Central Intelligence Agency 2013). Rwanda has a population of slightly more than 12 million people, most of which the Hutu while the remaining 15 percent is Tutsi and one percent is Twa . Catholic is the major religion, commanding more that 50 percent of the population followed by protestant churches and seventh day Adventist church. Kinyarwanda, French, and English are national languages (Central Intelligence Agency 2013). The country has gained significant level of political stability (King, 2013). Cultural development in Rwanda has been independent of other countries. Social and religious groups have facilitated the development (Onwumechili and Ndolo, 2012). Economic environment Transitions after the genocide that led to deregulation of the economy defines a free market system (Malunda and Musana, 2012). The country’s economic environment is considerably underdeveloped. Its major industries and poverty rates supports this. The country’s major industries that include agriculture, beverages in small scale, textile, and cigarettes identify low-level economic development and high level of poverty, with more that 60 percent of the country’s popul ation living on expenditure of below $ 1 per day identify underdevelopment (Central Intelligence Agency 2013, Diao, Thurlow, Benin and Fan, 2012). Corruption level in the country is relative, compared to other nations in the globe. This is because latest Transparency international rating ranked it at number 89 out of the

Heritage Doll company Essay Example for Free

Heritage Doll company Essay I agree with Apex to attain full compliance with SOX. As you know about Apex is private company and will be seeking for new external funding to expansion into a new segment of the printing sector therefore, the new investors are needed for them because they have to access capital market to raise money for the expansion to a lot invest in equipment as well as substract inventory and adding more promotional costs thus they have to going publics and this is a time decision for them because it will be forever changes how Apex goes through doing their business so a Initial Public Offering (IPO) has access to more and deeper of information, sources of capital than a private company thus they needed the 1st thing to align with SOX by going to public. Apex need to assess their readiness for stable sustain as a public company by requires all management to be prepare to meet shareholder and market expectations and address ongoing compliance and regulatory requirements, operational effectiveness, risk management, periodic reporting and investor relations. The one of preparation if Apex established the necessary financial statement integrity through the implementation of effective internal control system to support management’s reporting obligations as a public company they needed to comply with the Sarbanes-Oxley Act 2002 (SOX) for successful to going public. Sarbanes-Oxley Act 2002 (SOX) According to PricewaterhouseCoopers mentioned about SOX that it is current regulatory and disclosure issues if company will transform to IPO should consider the following: Internal Controls: Sarbanes-Oxley requires a management representatives are CEO and CFO to provide certain certifications in periodic with the Securities and exchange Commission (SEC) Audit committee: Sarbanes-Oxley requires public company to have set up audit committee by one of team have to expert in financial skill. Board of Director: Require external expert  = member from other company. Auditor relationship: Require company have to clarify their existing relationship with their outside audit firm. Code of ethics: Requires a code of ethics for senior financial officer. Loan to company executives: Prohibits public company from maintaining credit in the form of a personal loan. One of the advantages when they focus on SOX404 is that it forces company to think pro-actively, identify risks, document an assess existing controls and then design new preventive or detective controls. Moreover, Connor from Corporate Responsibility Magazine mentioned that SOX has benefited their company because of the recently proposed management guidance from the U.S. Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board’s (PCAOB) to improve efficiency and quality over the long term. Therefore, Apex needed to comply with SOX by going to public aimed to expansion business to other operation and adding more investor. This benefit for Apex to comply this standards. References: Connors, T. SOX Benefits. Retrieved from http://www.thecro.com/node/400 Medeiros, M. (2013). Preparing for SOX 404(b) and an IPO. Retrieved from http://www.wolfandco.com/solutions/insights/602-preparing_for_sox_404_b_and_an_ipo/view PricewaterhouseCoopers. Roadmap for an IPO. Retrieved from http://www.pwc.com/us/en/transaction-services/assets/roadmap-for-an-ipo-a-guide-to-going-public.pdf

Study of Communication Essay -- Virtual Communication, The Black Box

Virtual Communication With the advent of the Internet, more people go into the virtual world. Chat rooms, forums and various online communities, ICQ etc. All this, without a doubt, makes communication easier and more affordable. You can also find friends you can write all kinds of stuff, and you do nothing for it will not! Well, think of it, pull up ... Come out if you do not like it and go to another chat room, for example. Some people find mates with the same interests, join the online community, sitting on various forums that discuss various issues, share experiences, etc. Of course, it's all right. Thanks to the Internet you can find almost any information, answers for many troubling questions. there is the possibility of anonymity (Silverstein, 2004: 35). Coined a nickname entered into any Internet site, put in any photo, even if it is not you. Also, a tremendous plus is that it is possible to communicate with people from different cities. Only here in the real world to communicate sometimes is diffi cult to obtain. Thickly not find the words. Heading into the virtual world, we cannot see the reality! We are more and more addictive. It seems that a virtual world where beautiful. Gradually, in real life, we begin to live by instinct, by inertia, because we need. After all, one must work to earn money. One cannot call to feed air or the virtual food. (Glogoff, 2001: 3) Function and Relationship: Essence of Perception From the perspective of general systems theory, the family is a dynamic and self-correcting and therefore, our comments should be directed both to the transactions that occur within them, as to the internal structure of the system in other words, which we will be interested to know the interaction between membe... ...ear accidents (Becker, 2000: 54)( Venugopal, 2011) Jean-Claude Bradley an associate professor of chemistry at the Drexel University is one among the science educator who makes use of this second life environment to help his curriculum. Second life was used by Bradley to teach the organic chemistry’s basic concepts. Students who wish to attend Dr. Bradley’s class using the second life activities will create an organic molecule with the help of 3-D simulation. From this method the students started using the Internet to learn chemistry for the first time keeping in mind about the feelings of the physical structure when we do in the real life. In distance education, which makes students worry about making them feel isolated from both their instructors and peers, Second Life provides a fresh online communications alternative (Benkler, 2006: 10)( Venugopal, 2011)

Market Orientation Assessment Essay

1.Customer Orientation Information about customer needs and requirements is collected regularly. DON’T KNOW (0) There is no statement in the article indicates that Psion has collected information about customer needs and requirements regularly. Our corporate objective and policies are aimed directly at creating satisfied customers. DON’T KNOW (0) Since there is no clear statement in the article whether Psion has collected information about customer needs and requirements regularly, the corporate objective and policies are also not clear if it aimed directly at creating satisfied customer. Levels of customer satisfaction are regularly assessed and action is taken to improve matters where necessary. DON’T KNOW (0) There is no statement in the article indicates that Psion regularly assess level of customer satisfaction and take action to improve matters where necessary. We put major effort into building stronger relationships with key customers and customer group. DON’T KNOW (0) The article did not indicate that Psion put major effort into building stronger relationship with their key customers and customer group. We recognize the existence of distinct groups or segments in our markets with different needs and we adapt our offering accordingly. AGREE (4) Psion saw that high-end organizer market was being invaded by new generation of smart-phones, those are phones with organizer capabilities built-in. Psion saw this as a market for integrated devices. Psion knew that their product as standalone organizer had a finite lifespan, thus Psion will create a connected device by did a strategic deal with Motorola to penetrate the market for integrated devices. It shows that Psion recognize the existence of distinct segment in the market with different needs and they create the connected devices to enter it. Total score for customer orientation: 4 Psion has questioned its future as a maker of handheld electronic organizers due to handheld market has changed too much by a new smart phone products which have functionality as organizer and a phone and also by cheaper organizers. However it seems there is no indication that Psion take any action to collect information from customer about current needs and requirements and put some effort to build stronger relationship with their major customers. Psion did read the signal of changes in the market through recent advertisement, instead. 2.Competitor Orientation Information about competitor activities is collected regularly. AGREE (4) Psion knows information about current activities of their competitors such as new products and excess capacity of the rivals. We conduct regular benchmarking against major competitor offerings. AGREE (4) Psion did evaluation about major competitor offering. There is rapid response to major’s competitor actions. AGREE (4) Psion apply strategic thrust to response the major’s competitor actions even it have fell through, and spent the last five months going through every option to see what other ways there were to preserve the strategic thrust. When Palm and Handspring done wrote off about $ 300m and make prices dived, Psion decide to pull out and will stop making handheld organizer but still continue to sell existing products. It shows Psion’s rapid response to what have done by the major competitors. We put major emphasis on differentiating ourselves from the competition on factors important to customers. DISAGREE (2) Psion do not put major emphasis on differentiating themselves from the competition on factors important to customers, described by Psion decision to stop making handheld and keep sell existing products. Total score for competitor orientation: 14 Psion knows information about current activities of their competitors, did evaluation about major competitor offering and response to major’s competitor’s action rapidly. However Psion do not put major emphasize on differentiation. 3.Long-Term Perspectives We place greater priority on long-term market share gain than short-run profit. DISAGREE (2) Psion still struggling to keep their existence and it makes them decide to put priority on making money. We put greater emphasis on improving our market performance than on improving internal efficiencies. DISAGREE (2) Psion decided to pull out and stop making handheld organizers even though they intend to keep exploiting the intellectual property it has gleaned from more than 20 years. Decisions are guided by long-term considerations rather than short-run expediency. AGREE (4) Psion decision to retain its 28 percent stake in Symbian and by the acquisition of Teklogix to move to the enterprise wireless market as a less risky market is clearly based on long-term consideration. Total score for long-term perspectives: 8 Due to currently struggling to keep their existence, Psion decided to put priority on making money compare than put priority on long-term market share and improving market performance. However decisions are guided by long-term consideration by move to les risky market. 4.Interfunctional Coordination Information about customer is widely circulated and communicated throughout the organization. DON’T KNOW (0) There is no indication about this matter in the article. The different department in the organization work effectively together to serve customer needs. DON’T KNOW (0) There is no indication about this matter in the article. Tension and rivalries between departments are not allowed to get in the way of serving customers effectively. AGREE (4) The article do not indicates clearly about tension and rivalries between department of Psion, but the article mentioned that there is provisional revenues from the combined enterprise division between Psion and Teklogix which shows that combined enterprise division expected to work closely without tension and rivalries each other to serve customers effectively and meet the expectation of revenues. Our organization is flexible to enable opportunities to be seized affectively rather than hierarchically constrained. DON’T KNOW (0) There is no indication about this matter in the article. Total score for interfunctional coordination: 4 5.Organizational Culture All employees recognize their role in helping to create satisfied end customers. DON’T KNOW (0) There is no indication about this matter in the article. Reward structures are closely related to external market performance and customer satisfaction. DON’T KNOW (0) There is no indication about this matter in the article. Senior management in all functional areas give top importance to creating satisfied customers. DON’T KNOW (0) Senior management meetings give high priority to discussing issues that affect customer satisfaction. DISAGREE (2) From the article, the most important issue is about strategic management to survive and keep the existence of the company, thus we conclude that  management meetings give high priority to discussing these issues instead of issued that affect customer satisfaction. Total score for organizational culture: 2 Total Score: 32 The highlight is on the struggle and effort made by company to stay alive, it tried to find new cooperation with other company to win over new market, decided to abandon the old market and focus on the less risk market In overall, they have lack market orientation that enables them to keep performing well in the respective market. It focused on the competitors instead on their customers, Psion saw the situation as failing without any hope, which maybe correct but maybe if they have taken another path , we may see the market of handheld product differently today

Mutual Fund in India

Master of Science in Management Specialization in Banking & Finance Research Methodology & Decision Analysis for Business (RMDAB) Assignment 2 Literature Review TOPIC: MUTUAL INVESTMENT FUNDS IN INDIA Student Name: Sangawar Pratik Shankar Batch: MFBD51217A FIN: G1190040U Table of Contents: 1. Background†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg. 3 2. Literature Review on Mutual Investment Funds†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Pg. 7 3. Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg. 21 4. References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg. 23 Background a)Introduction The Four Basic Components on which Indian financi al system is based on are Financial Market, Financial Institutions, Financial Service and Financial Instrument. One of the most important components of Financial Instrument is Mutual Investment Fund (mutual fund). (Jaspal Singh, 2004) (Mason Dave, 1999) â€Å"A mutual fund is a pool of money contributed by numerous investors, the capital gathered is invested to buy a hefty portfolio of securities† There are essentially three categories of mutual funds i. e.Money Market, Fixed Income and Stocks within each category there are variety of funds. (Mason Dave, 1999) An investment company is a body with trained portfolio managers as investment experts, they pool up the investors’ small capitals or funds for the reason of bankroll in securities. The most well-known form of Investment organisation is the open-end management association. The Other type of investment funds are closed-end funds, exchange-traded funds, business development organizations and unit investment trusts. (Jaspal Singh, 2004)The all above mentioned are civil funds the reason for that is, their share are publicly issued to investors and thus the funds and their shares are requisite to be registered with the Security Exchange Board of India (SEBI). Investment organisation/association that are secretly tender and issue their shares to investors/buyers are called private or hedge funds. The mutual or investment funds industry was started in early 1960’s with the configuration of Unit Trust of India, as an inventiveness of the Government of India and Reserve Bank of India. Jaspal Singh, 2004) Mutual fund is said to be investment as subject to market risk. As the capital is invested in the stock market to earn profits in terms of dividends, bonus shares of company, trading-buying and selling on higher prices. A common investor may not have adequate knowledge of the share market and the technical terms of the investment as how to create a good capital portfolio, which helps an invest or to play safe in the market.Now this situation of lack of investment knowledge creates an demand for mutual investment fund in mutual investment funds many small investor come together with their minor investment capital or funds and deposit it to a mutual fund investment company, organization or bank which acts as there agents or can be said as representatives in the stock market and for that service they take commission whenever the trading or buying or selling of shares is done, the commission may vary as per the investment companies. Amporn Soongswang, 2011) Mutual fund is the pool of invested money it based on the investment company which invests the savings of an amount of investors here the investors share a common financial objective, it in the ways of capital appreciation and earning incomes in the form of dividends. The funds are collected from the investors by the investment company and invested into capital markets instruments such as shares, debentures and overseas ma rket. Investors invest money and get the units as per the Net Asset Value (NAV).NAV is the current value of the money in the financial market or it can be explained as the present value of the fund in the financial market. (Bello, 2009) As mentioned that Mutual fund is the appropriate investment mode for the common man or the ordinary investor as it offers an investment prospect to invest in diversified portfolio management, high-quality research panel, proficiently manage Indian stock as well as the foreign market, the most important objective of the fund manager is to give the investor the safest investment and a balanced capital portfolio to play safe with maximum returns with good capital appreciation.The fund manager should also look after the trading of the stock i. e. buying and selling of stock or shares and through this the fund manager should generate revenue for the investor and should be able to give fair returns to the investors. (Dave, 1992) This helps the investment c ompany to keep up their promise of profit generation and maximization through mutual funds and it can be done through good diversification of capital portfolio. (Patzelt, 2009) (b)Brief History of Mutual Investment FundMutual Investment as per the dates support was started in 19th century it was introduced in Europe, in exacting, Great Britain. Robert Fleming was the person to set up the first investment trust called Foreign and colonial investment trust as per the records it was in 1868. The Foreign and colonial investment trust and other investment which had their located in Britain and the U. S. , are known as close-ended mutual funds today. Massachusetts investor’s trust was the first trust in the U. S. , it was established in March 1924 it was an open-ended mutual fund. Ramola, 1992) Innovation in the products and services of financial market improved the popularity of mutual investment funds in 1950s and 1960s. The first global stock mutual investment fund was introduce d in the U. S in year 1940. This financial market or can called as finance industry witnessed substantial growth in the 1980s and 1990s. In present the mutual funds are major source of ‘safe’ investment and it is a very successful product of financial market. (Ramola, 1992) Literature ReviewTHE EMERGENCE OF mutual funds was the outcome of the requirement to assemble small savings of domestic sector and to channelize it for productive measures through stock market or can be said as financial market. In the early stage of industrial revolution which was in early 1970’s in India, the deposits with the banks and other financial institution lost their importance with the growth of capital market and the declining interest rates. The new investors or small investor demonstrating their risk adverse nature shifted from less rollback bank deposits and low fluidic investment like LIC, Provident Fund and Pension Funds etc. owards fluidic, momentary investments like units, s hares, and debentures. (Bhapkar, 2007) However, an boilerplate or common investor is scared of fundamental market and hence cannot take decision or can be said as no path to walk on or no way can be seen, the condition was not at all decision making for investment, for small or average investor as, in which security to make the investment and when to make investment. This as a conclusion led to the advancement of mutual funds/bond funds in Indian financial industries.As mentioned above that in early 1970’s it was an start of industrial revolution in India and in that period of time there was high industries setting up in India and it created a high requirement of funds, so as the reaction of this action was public issue of for gathering of capital, but the amount which was collected was in bulk or we can say that investment which was asked by the companies or industries was a huge amount in this situation the small investors was not able to invest and enjoy the ownership and were also not having the knowledge of investment, so as to overcome this problem the mutual funds came into introduction, and the financial institution such as bank, mutual fund investment companies came to represent the investors in the market and help them invest into correct or good company. (Furfine, 2001) Here in Mutual Fund Company the funds were gathered from small investors and pool up capital and make a huge or bulk of capital and in exchange they were given NAV â€Å"Definition of ‘Net Asset Value – NAV' A mutual fund's price per share or exchange-traded fund's (ETF) per-share value. In one and the other cases, the per-share dollar amount of the capital is determined by segmented the total value of all the securities in its portfolio, less any liabilities/amenabilities, by the number of fund shares outstanding† . (Iqbal Mansur, 2010) Mutual funds units are investment vehicles that help new investors to take a ong ride through capital market, which is no t possible individually with small amount of investment. It provides a means of involvement in the financial market for investors who don’t have the time or perhaps the expertise to take direct investment decisions in equities successfully. (Dr. Rajesh Bahunguna, 2010) The basic need and objectives of the fund assembled by mutual funds in India has been on the exaggerated since their initiation in 1964 i. e. with introduction of US 64, the flagship scheme of UTI. A further it was in 1987 and 1989, when the investors. Distant, accumulating in measure with the objectives of distinct commercial policy of 1991, mutual fund market was open to the clandestine sectors in the country i. e. India. (Dr.Rajesh Bahunguna, 2010) Since 1993 the opening year of clandestine sector mutual funds, the investment inclination deviated more in favour the private sector funds. The swelling collection of mutual funds crossed Rs. 120000 billion (SGD $ 2666. 66 billion) marks in India by November, 200 2 with almost 59. 78% of the total investment going into private sector mutual investment funds. (Dr. Rajesh Bahunguna, 2010) The fact that the money so invested comes out of the hard earned savings of the investors apparently bring home the desired need of studying what the investors think about the mutual funds. It may also be mentioned here that less or small effort has been devoted or done by researchers in India to study the perceptions of investor towards mutual funds. Haugen, 1986) In the antecedent phase in India it was found that in general less knowledgeable mutual fund investors were found to be lacked in knowledge and were not autonomous in making fund investment decision making. Rather, they are the easily lured and motivated lot to get their investment made in any recommended mutual fund. Hence, to make this research meaningful, the focus is more on the educated and informed investors. Hence to invest in mutual funds the factor describes that investor’s preferen ce for mutual fund investment because of the professional expertise of fund managers which can be said as the representatives on behalf of investors and in return they commission as there fees. (F. A.Abeer, 2012) The risk exposure that has to be faced for directly investing in stock market obviates the need for professionally expert managers for managing investment in stock market. We can take one more explanation to get some more knowledge of mutual funds; the first category of Contribution Company was the entity trust, which was a fixed pool of securities that, conflicting a mutual fund was not intensely managed. The first unit trust was bringing about in England in 1868. In contrast to the entity investment trusts, these funds were awful leveraged and formularised in market performance and their amount collapse during the great stock market clash of 1929. Open end and closed funds that bought their capital managers the potential to convert the concealed structure of securities. I qbal Mansur, 2010) Mean while past years, closed-end investment organisation were another prevailing category of fund. A considerable aspect of this closed-end organisation was that they use leverage to play safe in the field. Closed-end organisation applied Leverage by allotting bonds and issuing shares in the financial market offering shares to the public. This helped to the company to raise funds that were used to purchase portfolio securities which were a very important part. The extensive aberration among a closed-end fund and an open-end fund is that the mainstay of an open-end fund stance equipped to regain shares while and are redeemable. Kirsch, 2011) As it becomes very flexible for choices of mutual funds as they are redeemable and irredeemable it depends upon the investor that in which form they feel safe and are willing to invest. Mutual Funds have such structure to endow with utmost benefits to the investors, and the authorised person in Investment Company which is the fund manager has research team to attain the objectives of the scheme. Mutual Fund Investment Company has different units of sector funds; the requirement of these units to achieve the maximum market return is proper planning for strategic investment. (William Fung, 2008) There should be a planned and unique diversification for the capital portfolio as per the market condition and investors or Investment Company’s resistance capacity.A planned portfolio helps to resist in the market as if the one part of the investment occurs loss the other stock or unit may bear it through generating profits and balance the situation, it is seen when the capital investment portfolio of the investor is very strong and well planned. For strong portfolio there should be professional Management here the fund manager should undergo throughout different research works and has adequate investment skills which promise high returns to the investor than what the investor can cope on his own. (Rainish Robert, 2002) Investment through mutual funds by a mutual fund investment company reduces risk factor, as the financial market is very dynamic in nature and requires high and accurate quality of analysis to generate good amount of return which very worth for an investor after taking such risk.Investing in mutual fund through an investment company diversifies the portfolio of securities yet with little investment in a mutual fund. The risk is diverted in a diversified portfolio than investing in just in 2 or 3 securities. (Palmiter, 2009) There are low transaction expenses due to the economies of scale (repayment of larger volumes), because of that reason mutual funds pay lesser transaction costs and the paybacks are passed to the investors. Mutual funds units have a great advantage of liquidity as in case an investor may not be capable to sell the shares hold by him effortlessly and swiftly, while units of mutual funds are more liquid to sell off and regain the invested capital as p er the current value.Mutual funds are said to be investor oriented as it gives investors a wide range of investment schemes with different investment objectives. Investor has the choice of investing in a scheme which provides him the association between its investment aims and desired financial goals. As every investor wants to get higher return but with that they have right to know that where the capital is invested, so for such course of action mutual funds provides investors with the latest updated information pertaining to the markets and the investment schemes in the financial markets. All required material is disclosed to the investor as per the requirement of the regulator. Shah, 2000) As mutual funds have liquidity, security, transparency, low transaction cost and fair returns, it makes it very flexible. Investor can also control their holdings from a debt scheme to equity scheme and vice-versa. There is alternative of organized investment and withdrawal at regular time inte rvals is also offered to investors in open-end schemes. As mutual fund industry is a regulatory, it has its rules and regulation it is an element of well synchronized investment environment in this environment the interests of the investors are confined by the supervisory body. All the transactions and funds are registered in up to date manner with SEBI and complete transparency is kept. (Dr.Rajesh Bahunguna, 2010) In spite of ample amount of positive terms there are some disadvantages of mutual funds such as the fund manager may always not be able to manage to generate profits he might create loss as the whole control is in hand of the fund manager as the capital is of the investor but there is no control of the investor on his own capital. The fund has its own strategy for investment to sell, to hold, to buy time period. The cost control is not in hand of the investor, investors are applicable to pay the investment management fees and also the fund allocation costs as a proportion of the capital value of his investment as long as the investor holds the funds or units it is irrespective of the performance of the fund in the financial market.The capital portfolio is decided by the fund manager and also the decision of the investment of securities is in hands of the fund manager here investor has no right to get in the way on the decision making procedure of the investment by the fund manager, which some of the investors find as disadvantage in achieving their financial objectives. (Furfine, 2001) As mutual fund offers a range of investment schemes, so the investors finds it difficult to select the one in which he invests his capital it because the investor is lacking in that knowledge that is the reason he is investing his money through mutual funds but still the investor has to take decision to choose the scheme for this, they may have to take advice of the financial planners in order to make safe investment and invest in the right fund to gain profits throug h the invested funds which the major objective of the investors and let their money bloom. (Cornaggia, 2009)It is mentioned by many authors that investment funds are one of the important institutions for investing capital in to the financial market which is along with many risks for various investors especially the new and inexperienced ones which are lacking in the market conditions knowledge or we can say investment knowledge. Mutual investment companies act as financial intermediaries for non-professional investors they also respond to the requirement of the investors by making different types of capital portfolios with different configurations of securities. Since the market conditions are very dynamic in nature as mentioned earlier, investors are lacking in experience or almost new to the financial industry and they do not have knowledge of the markets professional literature and culture of the stock. (F. A. Abeer, 2012)The financial market in very wide in nature of investment and has an insufficient financial tools for investment and further support of small investor rights in neither regular nor efficient, and investing directly in capital market without any professional’s advice is rather very risky to invest until and unless the investor is an professional himself or has an adequate knowledge of financial industry and other important financial tool thus forecasting and establishing financial intermediary associations such as mutual fund investment companies is important and should be done by the financial market custodians. (F. A. Abeer, 2012) There are some main characteristics of mutual funds which have to be kept in mind while investing and which are very useful for an investor even if the investor is investing through an investment company such as, the mutual investment funds are purchased or the capital is invested through fund or broker of the fund so in this case the investor cannot sell it in the secondary market to other buyers or inve stors.The price of mutual fund each unit is decided according to the net value of the asset of investment unit and additional of wages that are occurred at the time of purchase. The investment unit can return to the fund or the broker as the units are redeemable. The return price of the each unit is as per the current net value asset with deduction of the transaction fees. The buying and selling of units is and continues process and continue constantly. There are different types of mutual funds it is based on the different investment objectives along with the various amount of risk involved, investment expenses and the fluctuations of the unit fund. Garmhausen, 2012) There are some types of funds such as close end fund; some features of these funds are the investment companies having fixed capital and in spite of being redeeming stocks makes its trading in secondary market for investors and hence can traded in secondary market, here the investors are able to purchase the funds direc tly and solely. Units or stocks of closed end funds are not available in stock or financial market for selling continuously these funds is just issued at their stocks in Initial Public Offering (IPO) for selling and investors willing to invest in funds can buy or invest their capital at the time of IPO or issue made the company and then those shares can easily trade in the secondary stock markets, here the stock can be traded. (Glassman, 2004) After the issue or the IPO and the stock price designated in the market according to the market’s conditions and influence, because of this sign of action it can be lower or higher that the NAV of each unit or share.Basically closed end funds are divided based on their approaches, risks, return patterns, investment objectives and portfolios are separated to different types and as according to that they have various levels of risk, volatility and fees variances. There is another category of funds which is said to be Index funds it is par t of investment fund the most important feature of the index fund is the low cost, low tax and fees as compared to the other funds which are active in the financial market. The portfolio for the index funds is fixed, so they have lesser flexibility as compare to other funds. (Glassman, 2004) The major objective of the fund is to reach the return of the selected index such as National Stock Exchange (NSE) Index.There are some very important stock exchanges in India such as follows: Bombay stock exchange, Ahmedabad share and stock brokers association, Calcutta stock exchange association Ltd, Delhi stock exchange association Ltd, Madras stock exchange association Ltd, Indore stock brokers association Ltd, Bangalore stock exchange, Hyderabad stock exchange, Cochin stock exchange, Pune stock exchange, Uttar Pradesh stock exchange, Ludhiana stock exchange, Jaipur stock exchange Ltd, Gauhati stock exchange Ltd, Mangalore stock exchange, Maghad stock exchange Ltd, Patna, Bhuvaneshwar stock exchange association Ltd, Over the counter exchange of India, Bombay, Saurastra kuth stock exchange Ltd, Vsdodard stock exchange Ltd, Coimbatore stock exchange Ltd, The Meerut stock exchange, National stock exchange, Integrated stock exchange. (Dr. Rajesh Bahunguna, 2010) The mentioned are the stock exchanges of India but are driven by the major stock exchanges which are Bombay Stock Exchange (BSE) and National StockExchange (NSE) these are the major index setters in the market are the regulatory which governed them id the Security Exchange board of India (SEBI). Exchange Traded Fund is a type of fund which is also called as ETF; ETF shares are not sold directly to the individual investors the ETF shares are mostly issued in the stock exchange in big blocks which been called creating and issuing units, and then the offers are given to the institutional investors. The sales of ETF are in non cash way for issuing and creating units to institutional investors and investors bring in the ir portfolio instead of cash and their portfolio is mostly same as the fund portfolio.After the purchase of the large blocks of ETF units the institutional investors divide the large stock into smaller parts or units and then it is ready to trade in the secondary market and is offered to the individual investors. (Dr. Rajesh Bahunguna, 2010) Then after the trading in secondary market, individual investors have two ways to trade the ETF’s shares or funds which are selling the stock to the other willing investors or returning them to the institution. Returning shares is only possible at the creation stage, issuing units scale and in non-cash ways. In layman’s words, instead of cash money, investors are allotted with existing securities at the portfolio of the funds. (Dr.Rajesh Bahunguna, 2010) The two main features of Mutual Investment Fund are said to be management and high liquidity: -Outside management: As the nature of mutual investment fund is different from joint s tock company’s shares in one major issue, i. e. they are not managed by the inside management of the company. The important part of the Administrative and Operations of the mutual investment funds are done by the service providers from outside of the fund. There are some important fund operations and duties such as portfolio management, distribution of investment units, marketing and other activities which are directly affecting the service provider company; it uses existent specialty association’s facilities and abilities in the field of finance industry. The administrative and public expenses can be saved by outsourcing of main activities and small organizational core work. Klinger, 1992) -Variable capital and high liquidity: There is no fixed/closed capital for mutual investment fund and the difference in their capital is seen at the time of issue and redeeming investment units, while there are no limitations for buying and redeeming as they are continuous in nature and investors can always buy and sell the mutual fund investment units and can be freely traded. Here the investors holding the fund unit can redeem the entire or part of their investment holdings and can change it to liquid cash on the basis of the Net Asset Value (NAV) of the funds. (Klinger, 1992) – Daily pricing of investment units: There is daily pricing of the fund units as mentioned early that it depends upon the NAV of the fund.The daily NAV is the sum of the market value of the portfolio minus funds debt and divided by the total amount of units have purchased by the investor. – Professional Management: Involvement of professional investment consultant gives a feature of Professional Management; the consultant has done with comprehensive research and having abundant information of the market situation and conditions. This feature is very important for any service provider as the investors may not have adequate knowledge of the investment planning and making a strong capital portfolio and this feature also helps investors to get familiar with the mechanism of Stock Exchange system. Klinger, 1992) – Diversification of securities and risk management: As investing in different securities and assets reduces the influence of reduction of value of the investment, the mutual funds manage the risk factor by diversifying configuration of different companies in different industries securities and use an expert or professional for maintenance of capital portfolio. (Klinger, 1992) Mutual Funds Classification: Mutual funds have been divided into three main groups which are as follows- I. Mutual funds that invest in companies stock II. Mutual funds that invest in securities with fixed income III. Mutual funds that invest in the money market All types of Mutual funds have been placed in one of the three above-mentioned groups. Mutual Investment Funds have wide range of investment objectives and it can be classified from conservative to aggressive and offer wide range of options and flexibility of investment of the funds to investor. (Dr. Rajesh Bahunguna, 2010) Conclusion:The study focuses on mutual funds risks and advantages, the findings may not be appropriate for an investor to understand the condition but with the above research we can get a picture of mutual fund and the risks allotted with it. The outputs of the research will let the investors understand mutual funds and market better. With the help of the information a new investor can get a basic idea or can understand the concept of mutual fund, the above research also helps in exploring the risk factors of mutual funds. It also mentions the advantages of mutual funds which help investors to make good decision for investing their hard earned money and with they can play safe in the market and gain good profits.As the research of mutual fund is an continues process because the market condition are very dynamic in nature and continuously changing are they directly af fect the funds as it gives an direct impact on the funds the market conditions are need to be watched or observed very closely by the experts and investors as well. Market situation needs to be observing very closely to play safe in the market and help the investors to grow their funds and earn a fair income. India is a developing economy with many emerging industries and companies; the current situation in India today is that a common investor in general is found to be confused regarding his or her selection of investment in mutual investment funds it may be due to dynamic economy or various scheme that are available in the market, so the selection process becomes very important for investors that in which fund to invest in?The above study was trying to resolve the problem of investment decision with giving a brief introduction to the nature and characteristics of mutual investment funds and the finance industry. (Words-4,698) Bibliography/References Amporn Soongswang, Y. S. , 2011 . Equity Mutual Fund: Performances, Persistence and Fund Rankings. Journal of Knowledge Management, 1(6), pp. 11-76. Bello, Z. Y. , 2009. On The Predictability Of Mutual Fund Returns. Journal Of Business & Economic Stidies, 15(1), pp. 70-89. Bhapkar, R. , 2007. 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