Custom research paper writing custom essays of all subjects
Friday, August 28, 2020
Mathematical Impacts :: essays research papers
Scientific Impacts The craft of arithmetic is an inherent piece of the numerous physical sciences which humankind endeavors to learn; it started as an approach to clarify the divine aides, which turned into the study of space science and astronomy. This paper will clarify the utilization of math in cosmology, science, material science, and their connection. The investigation of cosmology is the most established of the physical sciences it started as a motivation. With the end goal of this paper, the investigation will start with the ancientââ¬â¢s information on this science. They had various perspectives on how those nighttime guides functioned. A large number of these human advancements examined their appearance and takeoff alongside the climate to comprehend their own reality. Humboldt (1849) expressed, ââ¬Å"Physical laws rely on mean numerical qualities; which shows us the steady in the midst of change.â⬠This change was the establishment of time, time that would help with estimating and clarifying how those aides work. Boorstin (1985) clarifies that, ââ¬Å"The first stupendous disclosure was time, the scene of experience.â⬠He went further with his clarification of how significant it was for people to gauge time, in the event that it had been straightforward, people would have, ââ¬Å"lacked the motivating force to e xamine the sky and to become mathematicians.â⬠With the utilization of this interest, people looked and figured out how they functioned. Math had made it conceivable to comprehend this part of the universe, yet there were a few contrasts on how they truly functioned. The Greeks were the first to ââ¬Å"propose clarifications for the movements of cosmic articles that depended on rationale and geometryâ⬠Bennett, Donahue, Schneider, and Voit (2004). Math, clarified, and oppose the convictions held for a long time. The Greeks made a geocentric model, which puts the earth in the focal point of the universe. This was ascribed, to Thales (c. 624-546 B.C.), which numerous different Greeks held to be genuine considerably after another Greek named Aristarchus (c. 310-230 B.C.) ââ¬Å"Suggested that the Earth circumvents the Sun, a view that at last won, however until right around 2,000 years laterâ⬠Bennett, Donahue, Schneider, and Voit (2004). In view of the entirety of this, the mathematicians who followed these incredible men of virtuoso will use the thoughts and numerical conditions looking for reality. It is imperative to comprehend that all together for these new disclosures be discovered, the advancement of rationale, math, and different sciences, which got from the scientific standards of the past. To place it in a superior point of view of how these developments helped these headways, it is essential to comprehend that before the revelation of the telescope, counts and legitimate premises made the old disclosures.
Saturday, August 22, 2020
Henry VI and the Wars of the Roses Essay -- The Wars of the Roses Essa
From his multi year minority to the incompetent principle of the remainder of his rule, Henry VI was a youngster, in any event undoubtedly. The time of his minority and the time that he was the main ruler laid the foundation for the Wars of the Roses. Had Henry been a savvy ruler, with probably some political insight, and the capacity to win the regard of his nobles, their may have never been any Wars of the Roses. In any case, his shortcoming in permitting government by top picks and overseeing absurdly all alone, in any event guided his nation not far off to a bleeding common war. Henry VI was conceived on December 6, 1421, and became ruler of England on September 1, 1422. Issues started very quickly, however these issues were not seen as such at that point. In the first place, the intensity of the ruler, rather than being depended to one man, was given to a gathering of magnates. In spite of the fact that all things considered, Henry V remembered a condition for his will selecting his sibling, the Duke of Gloucester, official, nobles whose forces had been diminished by Henry V took advantage of the lucky break to recapture their lost force. They asserted the point of reference of Richard II's minority (Story, 30) to help their activities. In spite of the fact that the chamber ruled reasonably all in all, it made an issue. Later in Henry VI's rule, groups administered the legislature and the ruler experienced an absence of strong focal position. Nobles who had taken force were hesitant to give it back, causing a spreading out of the ruler's pwer. Henry's force s as ruler were not kept entire and in trust for him (Story, 30) so that even had he been a solid lord, it would have been hard for him to control the circumstances that were to happen. One quick impact of the gathering framework was to ke... ...families siding for and against the ruler. Had Henry gotten legislative issues, he would not have consented to surrendering Anjou and Maine. On the off chance that he had realized how to oversee, he would not have uncovered the shortcoming of his legislature by passing out absolutions to each hard-karma story he heard. To put it plainly, had Henry VI even a notion of how to control, the Wars of the Roses would not have occurred. Works Cited Gillingham, John The Wars of the Roses, Louisiana State University Press, Baton Rouge, 1981. Smith, Lacey Baldwin, This Realm of England, D.C.Heath and Company, Lexington, Massachusetts, 1992. Story, R.I. The End of the House of Lancaster, Stein and Day Publishers, New York, 1967. Works Consulted Gormley, Larry. ââ¬Å"Wars of the Roses: Battles of the Roses.â⬠n.d. Web. 23 Jan. 2010. Hicks, Michael. The War of the Roses 1455-1487. New York: Routledge, 2003. Print.
Friday, August 21, 2020
Current Policies of WHS-Free-Samples for Students-Myassignment
Question: Examine about the Current Policies of WHS. Answer: WHSMS to sum things up A work wellbeing and security the board (WHSMS) can said to be a sorted out framework according to the work wellbeing and wellbeing the board framework in working environments. Hence, it is a structure that allows the administration to set up a total arrangement of security. The size of an association will decide how complex the framework will be, alongside the way where it is sorted out and the idea of the business. A WHSMS requires different things, which incorporates techniques of correspondence and counsel, survey and control of records, control of buying, an audit of work based wellbeing and security frameworks and furthermore a record of inside and outer examining (Straker et al., 2016). So as to actualize a WHSMS viably, there must be full responsibility on the administrations part alongside the preparation of the workers in the new approaches and methodology. Obligation holders in Australian WHS In Australian WHS, an obligation holder can be said to be an individual, who resembles a games director, who guarantees that the all issues in sports are overseen as indicated by the constitution of the club and who gets responsible to the administering body of the club. In this way, an obligation holder is an individual who guarantees that wellbeing and security is kept up in a working environment (Fewster, 2015). As indicated by the Work Health and Safety Act, 2001 and the Work Health and Safety Regulations 2011, obligation holders are the individuals who have an obligation to kill all wellbeing and security related dangers or to limit such dangers so as to guarantee wellbeing and wellbeing in work environments (Claxton, 2017). Under the Australian WHSMS, there are three kinds of obligation holders. They are: PCBUS (Person undertaking a business or undertaking) - A PCBU might be characterized as an association or a distinctive individual, directing an endeavor or business (Martinov-Bennie et al., 2014). For instance, open organizations, privately owned businesses, government offices and specialists, schools, accomplices in association, sole dealers and independently employed, singular trustee of trusts, and so on Officials Officers incorporate senior administrators who settle on or take an interest in dynamic, which influences the business or undertaking either incompletely or exclusively. AN official can be an individual characterized under area 9 of the Corporations Act (barring an accomplice in association), an official of the Crown and an open position official. Laborers and different people at the work environment Includes every single others in the work environment and furthermore the individuals who are available at the work environment. It is to be referenced that the WHS Act unmistakably expresses that an individual isn't a PCBU in situations where they are in an endeavor or a business just as an official or laborer. People incorporate executives having a place with administrative positions and having explicit and separate obligations as officials. WHS Resources There are sure assets, which are required to be designated for guaranteeing that the WHS commitments are met. These assets incorporate monetary, human and the board support (Grasso, 2016). In instances of extra assets for overseeing WHS, the ranking director or the official supervisor must make vital strides appropriately. A portion of the assets that are required are: WHS tool compartment talks-This incorporates various force point introduction, which is utilized in the workforce conferences, and so on and goes about as the premise of the tool kit talks so as to give chance to boost preparing or fortification of key territories. HR for overseeing WHS-It must be guaranteed by the laborers that the laborers have satisfactory preparing and assets for keeping themselves safe and for understanding potential dangers and capacity to act as per such dangers, when recognized. Safe banners These banners as a rule give a security control in work environment for the laborers and incorporate rules for safe work. Utilization of this is likewise helps in embedding work wellbeing and security in work environments. Different assets of giving solid working environment The different measures identifying with wellbeing of the laborers are likewise a wellspring of WHS, which is exceptionally required. Correspondence/Consultation plan Counsel or correspondence on wellbeing and security is a procedure that goes in two different ways and it is viewed as the chance to include esteem while deciding. This procedure includes discussing issues, tuning in and raising concerns, job understanding, looking for of data and sharing of perspectives, conversation on such issues, going to gatherings and considering everything before dynamic. Such correspondence/discussion plans are made by the WHS specialists (Gunningham Sinclair, 2014). Conference and correspondence alongside coordinated effort is a crucial piece of the WHSMS and furthermore a piece of each key goal with the wellbeing and security procedure. It is preposterous to expect to accomplish correspondence, counsel and coordinated effort viably with a solitary key goal or venture, which is completed with in that specific goal. It must be done in a manner every day business is led. For appropriate usage of a WHSMS, it is critical to convey data successfully with the goal that all the potential partners can get it, which is basic for the reason. WHS specialists are the obligation holders under the WHSMS. They assume a significant job in correspondence and interview. The wellbeing and security quantifies in a working environment is comm8nicated by these obligation holders and comparably all issues must be conveyed to them with the goal that they can take vital measures and execute the WHS enactments and guidelines so as to utilize keep up the work wellbeing and security norms in work environments (Zhang et al., 2015). The OHS Act, 2004 makes it a legitimate prerequisite that successful discussion must be done in normal interims with the representatives in a work environment as drawing in the representatives will help in improving the wellbeing and security in work environments. The Workplace Manager, Management OHS Nominee and the HSR are the WHS specialists and are liable for keeping up WHS norms. The Workplace Manager or the OHS Nominee must make c onsultative courses of action with the Health and Safety Representative (HSR) and workers while settling on or taking any choice in regards to The OHS/WHS in working environment. In the event of data that is secret, the administration OHS Nominee or and the Workplace administrator must take lawful assistance before settling on any choices. The HSR, the executives OHS candidate, working environment director, all should, as per the WHS/OHS Act, unveil all such data to the representatives and talk with them, which is required. They are likewise required to actualize OHS issue goals process. For such goals process, the OHS goals Flowchart is utilized, which is to be imparted to the representatives and unmistakably showed in the working environments (De Cieri et al., 2015). Hence, it is significant and a command under the WHS gauges, to make a correspondence/conference plan and use it as needs be, to actualize the WHS measures in the working environments, with the assistance of the WHS s pecialists. Necessities of WHS if there should arise an occurrence of cooperation understandings So as to give issue goals to the Naja Group of Colleges, the prerequisites can be stressed. It is important to make reference to here that so as to determine issue emerging out of different segments, it is essential that the gatherings to the issue must be available while settling the issue (Forsyth, 2014). The issue must be settled in counsel with the laborers who has been influenced and the Person Conducting a Business or Undertaking (PCBU). So as to determine issues, the administration of the Naja Group of Colleges has made different strides so as to guarantee wellbeing and security in working environment. The PCBUs has been energized by the Work Health and Safety Act 2012(SA) (WHS Act) to include strategies of issue goals so as to understand questions with the laborers (Ghahramani, 2016). Be that as it may, without concurred systems, the strategy of issue goals which is portrayed under the Work Health and Safety Regulations 2012 (SA) (WHS Regulations) should be followed (?nan, Gl Y?lmaz, 2017). In such manner, it is essential to specify here that, the genuine method for settling issues is portrayed in Regulation 22. So as to determine issues, the Naja Group of Colleges acted by the guidelines of WHS and followed the default method with the end goal of issue goals in Regulation 22. In this unique circumstance, the Naja Group of Colleges trying to determine the issue emerging out of wellbeing and security has attempted the accompanying issues The level of hazard required to the laborers and different people working for the association. The area and number of such laborers including different people who has been influenced by the issue. The perpetual and impermanent estimates that should be actualized to determine the issue. The individual who will assume the liability in executing different proportions of goals. It is significant that any individual leading a business ought to cooperate with the laborers so as to monitor the issues looked by them (Johnstone, 2014). Along these lines, in the current case the Naja Group of Colleges has acted by the measures set up by the WHS Act so as to recognize different dangers and risks related with the work did by the laborers. In such manner, the Naja Group of Colleges has been fruitful in settling on choices to wipe out the dangers engaged with work environment. The administration of the Naja Group of Colleges ought to talk with the current specialists and propose different changes so it benefits the workplace and improves the wellbeing and security states of the association. It is critical to give inputs on different results. Nonetheless, it is significant that such input must be certain and ought to be identified with laborers wellbeing and security. Recognizing the deficiencies The enactment of WHS in Australia stressed on the part that PC
Tuesday, May 26, 2020
Whos Worried About Term Papers Writing Services to Avoid and Why You Need to be Paying Attention
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Friday, May 15, 2020
Socialism And The Economic System - 1373 Words
Socialism serves to satisfy many philosophical questions therefore making it an ideal position in the economic justice debate. In looking into this position we find satisfaction in the answers it affords us. Socialism fulfills the innate responsibility of the government to care for its people. Moreover, aside from fulfilling this responsibility, socialism is the economic system that delivers the highest benefit as applied to the whole. The importance of these answers is that the primary question is how to find economic justice. In socialism, we have our answer. Socialism is centered on the principle of central ownership. Central ownership in this position is essential in order to fulfill moral and economic dilemma. The moral dilemma isâ⬠¦show more contentâ⬠¦As mentioned above, there must be an impartial governing body charged with orchestrating socialist policy equitably and without bias. The final and most important characteristic of Socialism is that it provides more social welfare than any other system. Similar to the Utilitarian philosophy socialism attempts to provide the same high quality of life for all citizens falling within the system. ââ¬Å"The word socialism having been derived from the same root as society, in my opinion, stands for this task of society to maximize the welfare of its members. (Jan Tinbergen while delivering the Jawaharlal Nehru memorial lecture in New Delhi in 1970) As in any debate, there are many alternatives to Socialism in the debate on economic justice. The first and most strongly contrasting alternative is that of pure capitalism. Pure capitalism takes an opposing stance to the central ownership facet of socialism in that property and economic production are both privatized. Also referred to as free capitalism it takes a more laissez faire approach to regulation and where socialism requires a strong governing body, pure capitalism does not. Pure capitalists would assert that human nature permits privatization of the economy to be the most beneficial approach. That is, that human nature and the incentive of excelling will serve as a catalyst for genuine ingenuity under this system. A pure capitalist would furthermore assert
Wednesday, May 6, 2020
Evaluation Of An Initial Self Assessment - 1545 Words
The purpose of this paper is to complete an initial self-assessment to determine both educational and academic background. I will also recognize strengths and potential weakness recognized in components of management and leadership roles that I have worked in over the course of my nursing career. Descriptions of the characteristics indicated from the Jung typology test by Humanmetrics, Inc. will be included in the analysis. Education My academic nursing education includes receiving my registered nursing diploma from Southside Regional Medical Center, School of Professional Nursing in May of 1998. I attained Bachelors of Science in Nursing from Virginia Commonwealth University in 2004. The only management or leadership continuing educationâ⬠¦show more contentâ⬠¦I was afforded the ability to have valuable mentorship with my nursing leader, which enabled me to grow in my leadership role. I did not feel comfortable in the leadership role at first, because I lacked confidence in being able to perform the role as a novice nurse. However, I had a good operational relationships with managers and workers that enabled me to excel in the leadership role as identified by (Marquis Huston, 2012). According to the Jung typology test ââ¬Å"ENTJâ⬠have a ââ¬Å"natural tendency to marshal and directâ⬠and ââ¬Å"little encouragement to make a planâ⬠. I possess these leadership characteristics. I had to l earn not to be so rigid with my planning and delegating to others. I then decided to expand in the critical care aspect of nursing, so I transferred to the Intensive Care Unit. During the course of a year, I received a promotion in 2001 to Nursing Supervisor, which better prepared me to take the leadership role. While in this position, I received hands-on training with fellow nursing supervisorââ¬â¢s to gain abilities to function as an administrator in the absence of the administrative team for my shift. Additional leadership responsibilities included: â⬠¢ facilitated and coordinated staffing for all units; â⬠¢ responded to all codes and traumas, while providing and maintaining support to all staff; â⬠¢ served as a mentor and role model for staff; â⬠¢ facilitated problem-solving issuesShow MoreRelatedClinical Practices Essay1749 Words à |à 7 PagesCNE Clinical Practices For the needs of the patients, families, and the health care consumers, and health care practice current assessment practices should be maintained by using evidence ââ¬âbased practices. Health care professionals are expected to demonstrate competent practice within the society. Determining sufficient of clinical assessments and the evaluation of the nursing students has redesigned a large amount of nursing school curriculum to remain relevant. Assessing students educationalRead MoreTime Frame1002 Words à |à 5 Pagesconversation and self introduce. * Prepare a comprehensive write up of agency profile and some informative document | 1 week | Manual of the department | AFI, Agency staff Interns. | To know the history of agency.To Familiarized the client staff. | Achieved | * Conduct intake interview with the clients. * Prepare an intake record. * Collateral Interview with other units of attention. | 2 weeks | Intake form and case record | Client, Family and Intern. | To have initial assessment | AchievedRead MoreLink Between Autism And Noonan Syndrome1135 Words à |à 5 Pagescharacterized as a formal assessment. They were as follows: The Wechsler Intelligence Scale for Children- Revised, Vineland Adaptive Behavior Scales, and Test of Problem Solving skills. For speech and language evaluation specifically, the Clinical Evaluation of Language Fundamentals-Revised was given. (Ghaziuddin, Bolyard, Alessi, 1994) Wilson and Dyson (1982) targeted speech and language characteristics of children with Noonan Syndrome. They used the following assessments to evaluate the speech andRead MorePrinciples of Assessment in Lifelong Learning Sector Essay1377 Words à |à 6 PagesExcellent for assessment of application of principles to real-world situations. Can reach all the way up Blooms original taxonomy to synthesis and evaluation. Read more: Assessment: case-studies http://www.learningandteaching.info/teaching/assessment_casestudies.htm#ixzz2Rr8F0faTUnder Creative Commons License: Attribution Non-Commercial No Derivatives Excellent for assessment of application of principles to real-world situations. Can reach all the way up Blooms original taxonomy to synthesisRead MoreProfessional Development Of An Effective Teacher1432 Words à |à 6 Pagesas positive attitudes. ââ¬Å"In addition to knowing what and knowing how, teachers must also be competent in knowing how and knowing whenâ⬠(Calderhead and Shorrock 1997) The professional development of a teacher is a lifelong process beginning with initial teacher training and continues throughout the entire career of a teacher. In basic terms teacher development is described as continuous teacher training I find the following description of the professional development of a teacher much more satisfyingRead MoreWhat Is Self Grading In Data Mining1469 Words à |à 6 PagesAccepting or Rejecting Studentsââ¬â¢ Self-grading in their Final Marks by using Data Mining First A. Author1, Second B. Author2, and Third C. Author3[Font: Times New Roman, Size:11] 1Member, Institute/Organization name[Font: Times New Roman, Size:11] 2Member, Institute/Organization name[Font: Times New Roman, Size:11] 3Member, Institute/Organization name[Font: Times New Roman, Size:11] Abstractââ¬âIn this paper we propose a methodology based on data mining andself-evaluation in order to predict whether anRead MoreThe Planning Phase Of A Annual Expectation818 Words à |à 4 Pagesskills, such as my self-awareness and know through this plan knowing my supports and resources. Also, through my preceptorship, I will obtain the experiences of self-observance and how I can contribute more to my followers for their success. The timeline that was set for the preceptorship is 150 hours over a 90 period. The evaluation of the professional development plan will show how effective the activities are working and show if there is the need for changes. The assessment provides the informationRead MoreEssay about Purpose of Assessment737 Words à |à 3 PagesPURPOSE OF ASSESSMENT The primary purpose of assessment is for the learner to provide evidence of learning by demonstrating the understanding of content and achievement of learning outcomes. This gives an insight of their strengths and areas of development. Whereas for teacher, it provides a moment to review their assessment strategies in terms of effectiveness and facilitate progression by giving constructive feedback. It also informs the curriculum board, managers, and relevant staff to evaluateRead MoreThe Professional Development Of A Teacher1631 Words à |à 7 Pagesand positive attitudes. ââ¬Å"In addition to knowing what and knowing how, teachers must also be competent in knowing how and knowing whenâ⬠(Calderhead and Shorrock 1997) The professional development of a teacher is a lifelong process beginning with initial teacher training and continuing throughout the entire career of a teacher. In basic terms teacher development is described as continuous teacher training. However, I find the following description of the professional development of a teacher muchRead MoreQuestions On The Assessment Of Counseling Essay1229 Words à |à 5 Pagescontinued-stay evaluations, it is important that counselors utilize not only strong screening assessments, but also outcome assessments, to document their clientsââ¬â¢ growth and progress. Furthermore, from an ethical and professional view, it is important for counselors themselves to have information that their treatment approaches are working. The OQ-45.2 Outcome Questionnaire is exactly that ââ¬â an outcome questionnaire. However, the OQ-45.2 has other uses as well, including initial screening assessments and
Tuesday, May 5, 2020
Spectrum Brands Strategy for Diversification free essay sample
:An assessment of the companyââ¬â¢s financial results will be based on data from the case and other sources. Recommendations from the assessments performed will be given on what it will take to restore the company to profitability and boost its long-term performance prospects. Spectrum Brands Strategy for Diversification: Success or Failure? When assessing the strategies of CEO David Jones on globalizing Rayovacââ¬â¢s battery and flashlight business during 1999 to 2004, there is the need to consider the purchase of Rayovac in 1996 by a private equity company Thomas H. The purchase agreement for Remington Products Company, LLC was for a price of $222 million, and included assuming Remingtonââ¬â¢s debt for the twelve months prior to the purchase. Remingtonââ¬â¢s sales were approximately $360 million with a net income of only $20 million. Remington was the number one selling brand in the U. S. in the dry shaving and personal grooming products categories based on units sold (P. C293). Remington had also acquired the worldwide personal care appliances business of Clairol in 1993; which consisted of hair dryers and stylers, hot rollers, and lighted mirrors. Internationally, Remingtonââ¬â¢s products were sold in more than 85 countries through a network of subsidiaries and distributors. Spectrumââ¬â¢s Diversified Industry: Continued Once Rayovac entered into the electric shaving industry, the company consolidated the two companies and relocated the corporate headquarters to Atlanta, Georgia, and all of the manufacturing operations to Rayovacââ¬â¢s plant in Wisconsin. The R D facilities were combined into one department, with closing the distribution and service centers and then relocating those functions to Rayovacââ¬â¢s North American and European facilities. The onsolidated sales management, field sales operations, and marketing were moved to Rayovacââ¬â¢s North American sales and marketing organization (p. C293). In 2005, Rayovac acquired the privately owned United Industries from Thomas H. Lee Partners for approximately $1. 2 billion with the assumption of approximately $880 million of United Industries debt, and a cas h tax benefit of $140 million. In 2004 United had sales of approximately $940 million, was the leading manufacturer and marketer of consumer products for lawn and garden care and household insect control as well as premium branded specialty pet supplies. Once acquired, the lawn and garden products and household insect control divisions operated as Spectrum Brands in the U. S. and as NuGro in Canada. Spectrum Brands included such products as: Spectricide, Vigoro, Sta-Green, Schultz, and C. I. L. in the lawn and garden market; and Hot Shot, Cutter and Repel in the insect control market. The pet supplies division operated as United Pet Group and included products of; Marineland, Perfecto, and Eight in One in the pet supply market. The major customers for all of these products include; Home Depot, Loweââ¬â¢s, Wal-Mart, PETCO, and PETsMart (p. C293). Spectrumââ¬â¢s Diversified Industry: Continued Rayovac acquired the privately held company of Tetra Holding, headquartered in Germany for the purchase price of approximately â⠬415 million, with annual sales of around â⠬200million. Tetra was the leading global brand for foods, equipment, and care products for both fish and reptiles including accessories for home aquariums and ponds. Tetra operated worldwide in over 90 countries and held the leading market positions in Germany, the U. S. , Japan and the United Kingdom. Rayovac now had the ability to strengthen the strategic position of the newly created division of pet supplies, and have the leverage needed for the companyââ¬â¢s worldwide operations. Another move made by Rayovac to strengthen Spectrumââ¬â¢s market position in aquatic supplies in 2005, was to acquire Jungle Labs for $29 million with additional contingent payment defined by meeting future growth objectives. Based out of Texas, Jungle Labs had sales of approximately $14 million as a leading manufacturer and marketer of premium water and fish care products including; water conditioners, plant and fish foods, fish medications, and other products to maintain an optimal environment in aquariums and ponds. With a proven track record and product line of innovative development and marketing in water and fish care that complemented the previously acquired Tetra, and United Pet Group brands would strengthen Spectrumââ¬â¢s position in aquatic supplies (p. C293). Spectrum officially changed the name from Rayovac to Spectrum Brands to trade on the New York Stock Exchange as ââ¬ËSPCââ¬â¢. Spectrumââ¬â¢s Diversified Industry: Continued The following diversification statement was issued by Spectrum Brands in October 2005 as a commitment to reducing investor and shareholder risks in regards to the growing uncertainties of the global market: At Spectrum Brands we are committed to cultivating a diverse, inclusive and performance oriented culture that encourages all of our people to contribute to their fullest potential. The heart and soul of our company has always been our people. Over the years, our employees have been integral to our successes by living and working with a consistent set of core values. While the world and our business will continue to change rapidly, respecting these values will continue to be essential to our long-term success. Part of what we value are personal differencesââ¬âwhether they be race, gender, age, religion, culture, ethnicity, veteran status, national origin or physical abilityââ¬âand the benefits that an array of backgrounds, cultures and thinking styles bring to our organization. As a global consumer products company, we are acutely aware of the ever-changing demographics in our various markets and how these changes will significantly influence our future plans, goals and objectives. We recognize that our continued success at competing for new customers as well as attracting the most highly qualified employees will depend on understanding, accepting and embracing these differences. As we have grown, our company has benefited from the various cultural insights and perspectives of the geographies in which we do business. Much of our future success will depend on our ability to further develop a worldwide team that is rich in its diversity of people, cultures and ideas. To this end, at a recent Executive Committee review, the leadership team affirmed their support for Spectrum Brands actively promoting and supporting diversity and inclusion both in our workforce and through support of the communities where we do business. At Spectrum Brands, promoting diversity and inclusion will not be a ââ¬Å"program,â⬠but a philosophy. Treating others with respect and dignity and welcoming individual differences is not only encouraged but expected. This philosophy enhances our competitive edge and ensures our future success in the continually evolving global marketplace. I ask and expect each employee to embrace this philosophy and truly support the development of a diverse culture, throughout the Company, that benefits from the perspectives of each individual (http://www. spectrumbrands. com/corpinfo/). Industry Attractiveness Spectrum Brandsââ¬â¢ diversified strategy can be measured using analytical measurements of industry attractiveness and competitive strengths. These measurements help show any strategic fits between the industryââ¬â¢s segments of diversification, both individually and as a group. The first analytical measurement is based on the attractiveness of Spectrum Brandsââ¬â¢ industries of consumer batteries, pet supplies, lawn and garden, electric shaving, insect control, personal care, and portable lighting. The factors that affect industry attractiveness for these industries are the market size and growth rate, intensity of competition, product innovation requirements, resource requirements, strategic fits with other industries, industry opportunity and threats, social, political, and environmental factors, and industry profitability. Industry Attractiveness: Continued The scores indicate that each product category scored fairly high in market size and growth rate, which shows that they are very attractive industries. The pet supplies products, lawn and garden, and insect control product portions of the United Pet, Spectrum Brands in the U. S. and NUGro in Canada companies scored particularly high in attractiveness. The portable lighting products are the least attractive with scoring a 3. 50 on attractiveness. As a group overall, the industries and product categories in which Spectrum Brands has a presence in are highly attractive, which supports a good outlook for the company with above average profitability. The second analytical measurement is based on the competitive strength of these business groupings. These measurements are based on their competitive strengths in relation to their relative market share, costs relative to competitorsââ¬â¢ costs, strategic fits with sister businesses, brand image and reputation, the ability to match and beat rivals on key product attributes, product innovation capabilities, and bargaining leverage. The competitive strength assessment for Spectrum Brandsââ¬â¢ businesses is indicated below. As indicated on the competitive strength assessment for Spectrum Brandsââ¬â¢ businesses, the results show that in relative market share the top three were: 1) Rayovac/VARTA, United Pet, and the lawn and garden divisions scored very high with 9; 2) Remington shavers scored relatively high with a 7; 3) Remington personal care and portable lighting scoring a 5. In respect to the ability to match or beat rivals on key product attributes, the top three were: 1) United Pet and the lawn and garden divisions scored a 9; 2) Rayovac/VARTA and Remington shavers scored a 7; 3) The insect control division scored a 5. The two divisions that scored the lowest are Remington personal care and portable lighting with having scores of 4 and 3 respectively. These divisions need further analysis in strategic fits with sister businesses to strengthen the brand image and reputation of these product lines, and by means of product innovation capabilities and bargaining leverage with both suppliers and vendors to the advantage of Spectrum Brands. Once these tasks are accomplished the ability to get these brands in the marketplace will be easier; vendors will be more willing to provide Spectrum Brands with more profitable shelving space. Industry Attractiveness: Continued The final analytical tool used to interpret and portray industry attractiveness and competitive strengths is the nine cell industry attractiveness and competitive strength matrix. Each business unit is portrayed as a bubble and is plotted on the nine sell matrix according to the overall attractiveness score and strength score. The size of each bubble is scaled to what percentage of revenues the business generates relative to total corporate revenues. In this instance, Rayovac/VARTA represents the largest bubble, followed by United Pet Group. Industry Attractiveness and Competitive Strength Matrix Industry Attractiveness: Continued The industries that fall into the center square of the matrix are a high priority for resource allocation, followed by the upper left quadrant, and finally the bottom right quadrant as the lowest priority. As shown on the previous page all business units, except for portable lighting, Remington personal care and Rayovac/VARTA are well into the high priority zone and are still in very good positions. As a diversified company, Spectrum Brands has good prospects for overall performance enhancements by concentrating corporate resources and strategic attention on those business units having the greatest competitive strength and positioned in highly attractive industries. Spectrum Brandsââ¬â¢ shareholders should be pleased to some modest extent with the positions of the corporationsââ¬â¢ business groups on the attractiveness and strength matrix. United Pet Group is the highest rated, followed by lawn and garden and insect control divisions. If no other solutions can maximized from the sister business, the portable lighting business unit should be considered as a candidate for divestiture. The overall attractiveness and competitive strengths of these industry groups indicate that they are well matched and suited for the future longevity of Spectrum Brands. Spectrum Brands has pursued a strategy of both related and unrelated diversification. The strategy is most accurately characterized as retrenchment and divestiture.
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