Sixth President John Quincy Adams - Fast Facts

Sixth President John Quincy Adams - Fast Facts John Quincy Adams was the ultimate diplomat for the United States. He was the son of Americas second president, John Adams. Like his father before him, he only served one term as president. After his failed second bid, he was elected to serve in the House of Representatives.   Following is a quick list of fast facts for John Quincy Adams.For more in depth information, you can also read the: John Quincy Adams Biography Birth: July 11, 1767 Death: February 23, 1848 Term of Office: March 4, 1825-March 3, 1829 Number of Terms Elected: 1 Term First Lady: Louisa Catherine Johnson  - She was the only foreign-born First Lady.   John Quincy Adams Quote: Individual liberty is individual power, and as the power of the community is a mass compounded of individual powers, the nation which enjoys the most freedom must necessarily be in proportion to its numbers the most powerful nation. Additional John Quincy Adams Quotes Major Events While in Office: Erie Canal Opens (1825) Tariff of Abominations (1828) Related John Quincy Adams Resources: These additional resources on John Quincy Adams can provide you with further information about the president and his times. John Quincy Adams BiographyTake a more in depth look at the Sixth president of the United States through this biography. Youll learn about his childhood, family, early career, and the major events of his administration. Top 10 Significant Presidential ElectionsJohn Quincy Adams was involved in one of the top ten significant elections in American History. In 1824, he beat Andrew Jackson for the presidency when it was put into the House of Representatives through what has been called the Corrupt Bargain. Chart of Presidents and Vice PresidentsThis informative chart gives quick reference information on the Presidents, Vice-Presidents, their terms of office, and their political parties. Other Presidential Fast Facts: James MonroeAndrew JacksonList of American Presidents

Why is it important for managers to have an understanding of equal Literature review

Why is it important for managers to have an understanding of equal opportunities legislation and skills of managing a diverse workforce - Literature review Example This is the part of leading individuals towards achieving a predetermined common goal. Further, it is known that one of the most important jobs of a manager is allocating and utilizing the resources in the best possible manner and one of the most crucial resources of any organization is their human resource or manpower. This clearly shows that the manager’s most important duty is leading the workforce. The role of managers within the changing dynamics of business is a significant one. This is because the managers have a clear cut task at their hands. They need to be answerable for their actions and this must be performed in a way that there are equal opportunities for growth and development for the people who work under their realms. What is most significant here is the fact that the managers will outsmart their subordinates and employees, and discern ways through which success domains could be achieved at the end of the day. It is required that a manager shall take care of th e management realms by devising plans which are up to date and current with the organizational ranks. Furthermore, how these managers manifest their basis is through application of activities and tasks, all of which are dependent on the organizational domains. The diverse workforce must be given the respect, both in terms of their personal characteristics as well as work routines, so that they can manifest their truest basis time and again. The managers must back up their tasks by providing the subordinates solid support and the much needed confidence so that they develop a sense of belonging and attachment with the organization in essence. It is a fact the world over that the present day workforce, mostly comprising of young adults are focused on reaching the top with little hassle (Ford, 2005). This setting is so much different from what their ancestors relied on – hard work, commitment and total dedication towards reaching their coveted goal. However the young workforce of present times wants to strike gold and that too in a quick way. There is reason behind this madness and the fact for the same lies in their upbringing regimes. Also the manner in which they undergo interaction with the changing technological times is something to write home about nonetheless. They are constantly finding out that their peers are doing better than them and thus their desire to outshine is what is proving to be a destructive influence in such discussions of today’s workforce. Management through leading is not an easy task and involves several different steps and measures. These steps will insure that the manager inspires the people who look up to him and creates an environment that allows creativity and maximizes efficiency. Firstly, it is very important to select the right type of people for a specific task. Wrong people putting in cent percent effort cannot produce the effect that the right type of people with half the effort and energy can (Davies, 2007). Th erefore, the group or team should be inspected and finest of details considered before finalizing a particular set of people. Factors that need to be considered include the talents and knowledge related to the task at hand, the terms that individual has with the rest of the team members and head or supervisor and also are these individuals comfortable with the leading style of that particular manager. This though is considered a step of organizing however, due to its close connection with the leading part of management it becomes a crucial part of the topic under consideration. Once this step is successfully implemented the managers can smoothly move to the next agenda on the leading list and that is

Global Management Essay Example | Topics and Well Written Essays - 500 words - 1

Global Management - Essay Example The median household income is $48,617 (City of Arlington, 2011). In terms of religious affiliation, 36% are Southern Baptist, 22% are Catholics, 13% are United Methodists and 29% comprises the other religions. Arlington has ten public elementary/middle schools and ten private elementary/middle schools. It has ten public high schools and seven private high schools. The workforce of Arlington is large, well-educated and diverse (Arlington Chamber of Commerce, 2008). The land area of Arlington is 99.5 square miles and the city’s property tax rate is 0.6480 per $100 valuation (City of Arlington, 2011). The city is in the middle of Dallas-Fort Worth Metroplex and is eight miles from the DFW airport. It abides by the business-friendly traditions of Texas (Cluck, 2011). Over 100 square miles is allotted to business which includes five business parks (Cluck, 2011). In terms of the industries present in the area, as of 2009, the most common industry is construction which comprises 13% of the total industry in the area (Onboard Informatics, 2011). Other industries include accommodation and food services; administrative and support and waste management services; professional, scientific and technical services; educational services; finance and insurance and transportation equipment (Onboard Informatics, 2011). Like the other areas in Texas, the people of Arlington also celebrate varied cultural heritage festivals because of the diversity of its population in terms of background and culture. Since Texas used to be a part of Mexico, a lot of the Mexican traditions have been adapted by the Texans. Among the festivals celebrated by the Texans are Cinco de Mayo celebration. The German heritage has also influenced Texas; thus, the celebration of the Oktoberfest. Other festivities celebrated by the people of Texas are Charro Days, Riofest and Port Isabel’s Day of the Dead. A major consideration in

Marketing Research Methods Essay Example | Topics and Well Written Essays - 2750 words

Marketing Research Methods - Essay Example Hafalarf, a Lloyds Insurance syndicate is thinking of underwriting a policy to cover students. A market survey needs to be done to determine the level of cover currently in place, examine the attitude of the students to buying insurance cover, and identify the different kinds of insurance available in the market. This paper is in the form of a project report to identify the feasibility of Lloyds entering the college-level insurance sector for students. What is Insurance Web definition: Insurance is a plan in which individuals and organisation who are concerned about potential risks, pay premiums to an insurance company, who in return, will reimburse them if there is loss. To generate a profit, the insurer will invest the premiums it receives. Insurance is covered for almost all products except those that are caused by natural calamities such as, Earthquakes, landslide, hurricane. Insurance cover life, health, home, work, studies, mortgage, etc. Whereas in most cases the insured is paid for his or her loss, with life insurance a beneficiary is paid when the insured person passes away (www.environmentalinvestors.com/glossary/ilIneIns.htm). Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. it is contract in which one party agrees to pay for another party's financial loss resulting from a specified event. An entity seeking to transfer risk (an individual, corporation, or association of any type) becomes the 'insured' party once risk is assumed by an 'insurer', the insuring party, by means of a contract, defined as an insurance 'policy' (Insurance Information: The Insurance Facts You Need to Know!, http://www.summarized.org/insurance-information.htm). 3.0 Insurance and the global market 2002 was a year of turmoil for the international insurance and reinsurance industry, as many companies faced contrasting fluctuations and challenges. Investment returns fell further, making the need to achieve real underwriting profits even more important. Ratings agencies implemented an unprecedented downgrading of their assessments of the industry's financial strength. Losses under policies written in the latter years of the 1990s required insurers and re-insurers to make substantial reserve additions for billions of dollars. The awareness of risks arising from potential terrorist acts threw many insurers' traditional pricing methodologies out of order. Some companies failed, others withdrew, and a clutch of new competitors joined the global market. Some capital providers fled the sector; others redoubled their commitments. 4.0 Students Insurance Student Medical Insurance is ideal for students who are no longer covered as a dependent under their parents insurance, or who are attending school outside

Learning Styles Inventory Essay Example for Free

Learning Styles Inventory Essay Taking the Learning Styles Inventory Test was an insightful, informational, and introspective experience as a whole. It measures seven areas of standards or measure that clearly define an individual’s behavioral approach on learning – the visual, social, physical, aural, verbal, solitary, and logical learning styles. Each question within the test inquires about an individual’s leaning or inclination to harboring the outcomes of learning from each means or scenario indicated. The questions provide a learning situation where one will determine how he identifies with it, and one’s identification with each specific scenario determines how one learns through various situations. Putting oneself within each scenario allows one to review or evaluate one’s motivations in learning in order to understand clearly how one’s behavior and learning environment would and should be altered to facilitate greater learning. The result of the Learning Styles Inventory Test clearly indicates my personality or takes on the learning situation. Out of the seven learning styles, the Memletic Learning Styles Graph, as shown below, depicts that I am more inclined to learn effectively when I utilize my physical functions. The rating for each of the learning styles was remote that the bodily-kinesthetic learning style (18 points) stands out among the seven. (â€Å"Learning Styles Inventory – Results Page,† 2007) This piece of information I find true as I do tend to want or need to manipulate or experiencing things in order to learn or realize the structures or dimensions of objects, concepts, occurrences, and such. (â€Å"The Physical (Bodily-Kinesthetic) Learning Style,† 2007) Therefore, the result from the test did not surprise me at all. Next to the physical learning style, the aural learning style (15 points) follows as the second dominant one that applies to me. This is yet another factual information because I do find myself enjoying the learning experience when I work with music or sounds in the background. (â€Å"The Aural (Auditory-Musical-Rhythmic) Learning Style,† 2007) Music, as part of the learning environment, sets the mood or rhythm that motivates me to carry on and finish, not to mention enjoy, what I am doing. On the contrary, the least learning styles that I can identify my learning behaviors with is the verbal learning style (11 points), also including the visual, social, and solitary learning styles (12 points each). This means that I am not motivated enough to learn by reading or writing, looking at or watching visuals, socializing with other people, and even keeping to myself. The results of the test suggest that my strengths lie in my motivations and capabilities to do, or to become more productive by being actively involved during the learning experience. However, it might be difficult to become motivated within the learning environment as learning media such as visuals, written texts, the processes of socialization and independent learning are part of learning strategies or approaches being utilized in most cases. Moreover, the learning environment is balanced, such that it fosters various methods or approaches in learning; and my unbalanced learning styles suggest that I will not be able to keep up with the learning environment. Perhaps the most logical thing to do at this point is to try to even out or balance the learning styles that I should be accustomed to in order to draw out the advantages from it whenever the learning environment or situation calls for it. If it remains to be unbalanced, like my test results indicate, inflexibility will not facilitate learning but hinder the process of acquiring knowledge and skills as learning environments vary every time. Accomplishing this goal means that I would have to expose myself to varying learning situations, and understand the importance of each one in order to balance out my learning inclinations for the seven learning styles indicated. With this in mind, as the realization of the need to balance out these learning styles I have come to realize, I believe that taking the test allows one to understand the importance of being exposed to various learning situations and experiences which fosters creativity, flexibility, and competence in the workplace. References â€Å"Learning Styles Inventory – Results Page. † (2007). Retrieved November 26, 2008, from Advanogy. com. Website: http://www. learning-styles-online. com/inventory/results. asp â€Å"The Aural (Auditory-Musical-Rhythmic) Learning Style. † (2007). Retrieved November 26, 2008, from Advanogy. com. Website: http://www. learning-styles-online. com/style/aural-auditory-musical/ â€Å"The Physical (Bodily-Kinesthetic) Learning Style. † (2007). Retrieved November 26, 2008, from Advanogy. com. Website: http://www. learning-styles-online. com/style/physical-bodily-kinesthetic/

Report On Pakistan Tobacco Industry

Report On Pakistan Tobacco Industry This project is based on analysis of the tobacco industry because Tobacco in Pakistan holds an economic significance in Pakistan economy. Pakistan is second largest cigarette consumer in south Asia. It is a great source of revenue for major players and for Pakistan economy. It gives the highest revenue to government in terms of taxes. Pakistan tobacco company is dominated by two major players Pakistan tobacco company and philip Morrris. They have brands which hold the maximum share in the cigarratte market few are dunhill, gold leaf, capstan, gold flake, benson and hedges, Marlboro, embassy, and red and white. They have high demand for these brands. The increase in demand and supply may be due to more brands offered by the cigarettes manufactures and in the late 1990s tobacco companies were allowed to advertise their brands. However the consumption of cigarettes is more than the official data mainly due to no record of smuggling and unregistered cigarettes manufacturers. The demand s upply also vary because of seasonal fluctuations, holy month of Ramadan, inflation and increase in population. The companies have enough capacity but they do not utilize that capacity because currently smuggling is practiced in a country at high level. There is an availability of raw material in different regions of the country but NWFP and Punjab are the major producer of the raw material. Tobacco duty structure in Pakistan divided into complicated 3 levels. Lower, lower mid and premium. There are few issues related to the industry the main issue is the smuggling which affects the market badly other are the advertisement, health before trade, increase taxes, close down duty free, tax evasion. These issues have risen because no action taken by the government. They should control smuggling by tracing the distributors which would also helpful in a way to control tax evasion, companies should use modern technologies and should have timely control to have more yield. Table of Contents OVERVIEW Tobacco in Pakistan holds an economic significance in Pakistan economy. Tobacco is grown throughout the country but major source of tobacco raw material is in the Khyber Pakhtoon khowa. In Pakistan, although tobacco cultivation occupies a relatively small area of 0.27% of the total irrigated land in the country and about 3% in Khyber Pakhtunkhwa. Pakistan was a net importer of tobacco in 1948 but became self sufficient in tobacco production in 1969. It was mainly due increase in productivity and new method used for tobacco cultivation. Pakistan tobacco exports and imports countries are prominent. Pakistan within 30 years of Independence became 5th largest tobacco producer in the world and 4th highest in yield. Currently tobacco industry in Pakistan is dominated by two multinational firms Pakistan Tobacco Company LTD and Phillip Morris Pakistan LTD. Though there are others firms but their influence on tobacco industry is not significant. Other companies are: Sarhad Cigarette Industry, Walton Tobacco Company, International Cigarette Industry, Khyber Tobacco Company, Imperial Cigarette Industry, Universal Tobacco Company, Saleem Cigarette Industry, Souvenir Tobacco Company. Cigarette industry contributes nearly 3.5 percent of total FBR revenue currently the major challenge for Tobacco industry is the increasing trend of smuggling. Overview of the market share of tobacco industry in Pakistan Economic Significance This crop possesses immense economic significance and its impact on the fiscal and monetary policies of Pakistan. Tobacco possesses great source of revenue, employment and foreign exchange earnings to the country. It give the highest revenue to government in terms of taxes. Tobacco industry currently employs about 80,000 workers in cultivation, 50,000 are employed in 21 factories of the tobacco industry and it also provides 1 million indirect employments. It is also an important source of foreign exchange earnings for the country approximately US$ 61.349 million during the fiscal year of 2010-2011.Pakistan Tobacco board have played an important role in developing the production of tobacco crop on scientific methods, if it had not been developed the country would have been importing raw material worth Rs.8-10 billion per annum (2009-2010). Exports Year Quantity exported Value Total Value Tobacco Cigarettes Cigars Tobacco Cigarettes Cigars (M.Rs) (M.US$) (M.Kgs) (M.Nos) M.Nos (M.Rs) (M.Rs) M.Rs 1999-2000 3.90 16.060 273.13 7.440 280.57 5.420 2000-2001 5.98 11.770 578.05 6.220 586.18 10.032 2001-2002 3.20 108.240 231.11 49.180 286.41 4.659 2002-2003 5.49 74.23 316.75 45.62 362.37 6.25 2003-2004 8.27 163.96 642.74 124.35 767.09 13.23 2004-2005 7.17 44.73 626.67 46.94 673.61 11.23 2005-2006 3.83 21.00 332.80 66.70 339.47 5.66 2006-2007 5.77 26.12 0.77 543.85 24.64 1.69 570.18 9.50 2007-2008 4.72 3.97 0.13 449.82 4.17 0.16 454.15 5.68 2008-2009 4.77 10.97 0.02 963.27 14.84 0.03 978.14 13.973 2009-2010 5.17 13.94 11.10 1201.08 24.22 16.41 1241.71 15.521 2010-2011 8.39 23.49 2294.53 39.75 - 2334.28 24.571 Pakistan main exporter for tobacco is US because it does not produce quality unmanufactured tobacco. The value increase by 85% during 2000-2001 fiscal yea. However the value decline by 53% from 10.032 to 4.659 in 2001-2002. The main reason for decline was the aftermath of 9/11 which resulted in exports orders cancelled. Foreign business people were advise to take security clearance. Year 2003-2004 saw a 100% increase in value from pervious year. In 2005-2006 year tobacco industry experienced a fall of around 50% in value and the trend remained till 2007-2008 year. During the last fiscal year Pakistan tobacco industry achieved the highest value of exports at around 24.571 million. FLOW CHART/ MANUFACTURING PROCESS Processing and manufacturing After harvesting and curing, the cured leaf is processed through a Green Leaf threshing plant. The main purpose of this processing is to: Remove sand, dust and other particles Separate the lamina from the stem (threshing) Drive down the moisture content to safe storage levels. Manufacturing At Tobacco factories, the matured tobacco is checked for quality and then carefully mixed with other ingredients to make different forms of tobacco, such as flavorings or pre-processed tobacco. Technical tools are used to keep track of various types of tobacco; computers are increasingly used to keep track of the process. Moisture content is an important part of tobacco process. Too dry and the tobacco leaf will crumble; too moist and it may spoil during storage. Right amount of steam is required to treat the blended tobacco and exact amount of water to make it elastic and then cut into the form in which it appears in the cigarette. Excess moisture is then removed so the cut tobacco can be given a final blending and quality check. Traditionally Cigarette making was done by hand but nowadays it is almost fully automated, with the cut tobacco, cigarette paper and filters continuously fed into cigarette-making machines. The technology has advanced dramatically over the years which have not wear down the quality; each cigarette is automatically quality controlled to ensure that it meets every benchmark for its specification. STRUCTURAL COMPOSITION Product Mix Since Pakistan tobacco industry is dominated by two multinational companies Philip Morris and Pakistan Tobacco Company. Both companies have many brands in cigarettes which are produced to cater different income class. Pakistan Tobacco Company Brands available in Pakistan Super Premium Duhill High and Premium John Player Gold Leaf Benson Hedges Medium Category Gold Flake Wills Kings Capstan Low category Embassy Super Premium Marlboro High and Premium Red and white Medium Category Moven gold Low category K-2 Diplomat Philip Morris Pakistan Brands available in Pakistan Cigarette market in Pakistan is dominated by lower mid-priced cigarettes which are almost 90 percent of the market. Market for Premium category is only 10%. John Player Gold Leaf has a market share of 9.83 percent in the country whereas world leading brand Marlboro which is in the premium category have insignificant share ranging from 0.1 to 0.25% of the total market. In the middle category, Gold Flake has major market share of 38.64 percent followed by Morven Gold which caters to the 37 percent of the market need. Capstan has started losing its share as Pakistan Tobacco Company has introduced another brand as Capstan by Pall Mall, which has started capturing its share in the market. In the lower class Embassy has a market share of almost 4.5 percent whereas Diplomat has a market share of about 2.5 percent followed by K-2 with the market share of 1.5 percent of the total sales. At present, consumer price of a pack of 20 of most sold brand in the country is Rs 28.80 (US $0.33) which i s almost lowest in the world. Installed capacity Installed capacity for cigarettes sticks in billions 2010-2011 Average Industry 126 Pakistan Tobacco Company 45.1 Philip Morris Pakistan 50.1 Others 31 Average installed capacity for cigarettes manufacturing company in tobacco industry is 126 billion stick per year. Pakistan Tobacco Company Ltd which holds the largest market share in industry has an annual capacity of 45.1 billion cigarettes. Philip Morris Pakistan which is the second largest producer of Cigarettes has an annual capacity of 50.1 billion Capacity utilization Capacity utilization increased from 49.6 billion sticks in 2002-2003 to 75.8 billion sticks 2010-2011. Average 68 billion sticks are produced annually. Pakistan Tobacco Company produced 40.5 billion sticks out of a capacity of 45.1 billion during 2010-2011. Philip Morris produced 22.4 billion sticks from capacity of 50.1 billion during the same year. The reason for under utilization of capacity for Philip Morris is due to smuggling and illegal trade which will be discuss later in the report. Capacity utilization of Cigarettes sticks in Billion 2010-2011 Average industry utilization 68 Pakistan Tobacco Company 40.5 Phillip Morris Pakistan 22.4 RAW MATERIAL AVAILABILITY tobzones.jpg The map shows different types of raw materials available all over Pakistan. The major portion of raw material comes from NWFP and Punjab. Pakistan gets the majority of different types of raw material from NWFP mainly due to fertility of soil and suitable weather. NWFP produces around three-fourths of the tobacco leaf grown in the country. The specific raw materials that come from NWFP are Virginia flue-cured, Burley, Nicotiana rustica (country sum-cured/White Patta). Flue Cured Virginia tobacco is now the most widely grown and widely used type of cigarette tobacco in Pakistan and the total production of this high value commodity have increased from 23.8 million kgs in 1967-68 to 66 million kgs in 2007. Punjab is second largest in terms of raw material availability. Punjab is famous for the production of dark air-cured and hookah type tobaccos. Apart from these two raw material Kala Patta (snuff) is also cultivated in Punjab region. Sindh and Balochistan produces Nicotiana Rustica and Country air-cured (Snuff) respectively. Virginia and Burley is procured mostly from local farmers on contract basis Tobacco raw material is available extensively all over Pakistan is a major strength for Tobacco industry mainly. Pakistan is now the 7th largest producer of flue-cured tobacco. Deep researches and development have been carried out by Pakistan Tobacco Board in collaboration with tobacco companies in order to reduce dependence on the import of good quality tobacco leaf such as suitable climatic conditions have been explored in areas of Mansehra, Buner, Swat and Dir districts to meet the quality requirements of cigarettes for domestic use. Forms of Tobacco Intake Raw material is used for to make different form of tobacco such as Chilumhuqqah, chewing tobacco in pan, snuff and niswar. Experts divide tobacco use into two broad categories -smoking and smokeless tobacco. According to a survey conducted by PMRC apart from cigarettes moist dry snuff and chewing tobacco is commonly used in Pakistan. Huqqah and Chilum, are the oldest means of tobacco intake in this region. Production Of Different Types Of Tobacco In Pakistan (Million Kgs) Year Flue-cured Virginia Dark air-cured White Patta Burley Others Total 2000-2001 50.96 1.17 9.65 0.58 23.38 85.74 2001-2002 59.61 1.94 9.38 0.95 20.70 92.58 2002-2003 51.31 1.42 10.83 2.15 22.55 88.26 2003-2004 50.29 0.69 10.98 1.60 22.63 86.19 2004-2005 65.78 0.86 9.91 1.64 *22.63 100.82 2005-2006 73.7 1.6 13.2 0.9 23.12 89.47 2006-2007 65.75 0.80 11.62 0.8 24.27 78.97 2007-2008 69.54 0.96 14.98 0.35 21.93 85.83 2008-2009 71.32 1.38 25.98 - - 98.68 2009-2010 79.79 2.83 26.64 - 109.26 2010-2011 64.670 13.540 - 78.210 Annual estimated requirement of tobacco crop in 2012 Type of Tobacco (MillionKgs) Flue-cured Virginia 66.680 Dark Air-cured 1.085 White Patta 2.190 Burley 0.100 Sun Cured 1.100 Rustica 1.800 Total 72.955 Current production till April/may 2012 White PattaType of Tobacco (MillionKgs) Flue-cured Virginia 75.94 Dark Air-cured 1.41 7.40 Minimum price of raw material Rs.121 Current Market price Rs.140 Prices of raw material Duty Structure Tobacco duty structure in Pakistan divided into complicated 3 levels. Lower, lower mid and premium. In lower level there is an excise duty of Rs.9.5 for a pack of 20 cigarettes below retail price of Rs.20 excluding sales tax. Excise duty is 46% on most sold consumer brand, 56% excise duty on premium brand and 50% on cheapest brand. The excise duty is very low and difficult to understand. The Total revenue potential of the cigarette industry is around Rs 80 billion per year and around Rs.50.2818 billion taxes was collected during 2011-2012 from two multinationals and some other manufacturers. The difference shows that tax evasion in tobacco industry is high. Approximately Rs.9-10 billion tax is evaded annually. The main reason for this evasion is because of the complex tax structure and it is reported that multinationals and federal board of Revenue (FBR) have intentionally made tax difficult so that less amount can be charged thus benefiting cigarettes manufactures tax collection has also been affected due to inefficient check and balance. DEMAND AND SUPPLY ANALYSIS Estimated demand The demand/consumption for cigarettes has seen a steady growth over the years. domestic cnosumption by year.bmp consumption table 2.bmpconsumtion table.bmp The data above shows that consumption of cigarettes has been increasing since 1960 onwards. The data reveals that there have been massive increases in consumption pattern of cigarettes since 1996 mainly due to availability of more brands offered by cigarettes manufactured. Around 200 million cigarette sticks were consumed in 2011. There are about 22 million smokers in the country and 55% of the house households have at least one individual who smokes cigarettes. This consumption trend makes Pakistan an attractive market for cigarettes manufactures. Demographic cigarettes consumption trend 29% of men and 3.4% of women smoke cigarettes regularly according to national health survey Heavy consumption of smoking (20 or more cigarettes per day) is most common and among men 25-44 years of age in Pakistan. 37% of heavy smoking is done in urban areas in contrast to 26% in rural areas. Total cigarettes consumption in South Asia. total consumtion pie chart1.bmp The data shows that Pakistan is second largest cigarette consumer in south Asia. India is biggest consumer of cigarettes in south asia mainly due to highest population in the south asian region. Estimated supply tobacco3.bmp The table has been taken from Pakistan economic survey 2010-2011. Te table shows that since 1990 the supply/ production of cigarettes have been increasing. This table illustrates that production of cigarettes increased during 1995-1996. During 2008-2009 fiscal year supply reached its peak of 75,609 millions. Demand and Supply analysis There are certain points that we can derive from demand and supply of tobacco industry. Firstly there was a huge increase in consumption and production of Cigarettes in 199. The increase in demand and supply may be due to more brands offered by the cigarettes manufactures and in the late 1990s tobacco companies were allowed to advertise their brands. However the consumption of cigarettes is more than the official data mainly due to no record of smuggling and unregistered cigarettes manufacturers accurate. Some common factors for demand and supply fluctuation are discussed below Seasonal Fluctuations in demand Seasonal do play a part in consumption of cigarettes. During winter the demand for cigarettes increases. Demographics are also important, northern areas of Pakistan generally have a higher demand for cigarettes. Religious month of Ramdan Ramdan effects the consumption of cigarettes. During the month of Ramadan consumption of cigarettes decreases as people only smoke after fast or those who dont smoke tend to avoid smoking in front of people as it is unwelcomed by the society. Increase in population and availability of brands Increase in the population of Pakistan along with more availability of cigarettes brands by manufacturers have contributed in increasing the demand and supply of cigarettes. Moreover increasing trend of smoking being considered as fashionable has also contributed towards the increase in consumption. Different varieties means more choice for consumer. A Daily Times survey revealed that wholesale dealers supply fake and smuggled cigarettes to about 20,000 retailers of Lahore, who sell them to ignorant consumers who can either not tell the difference or sent their children or servants to buy cigarettes Natural disasters Natural calamities is another factor for fluctuation in demand and supply of Cigarettes. The worst floods in 2010 since 1974 damaged fertile tobacco-producing land such as in NWFP Taxation and inflation Changes in tax structure and inflation affect the production and consumption of cigarettes. An increase in tax results in decrease in production and increase in price thus reducing the demand for cigarettes. Inflation level in Pakistan is always increasing, the increase in price level make it worse for manufacturers and government as people shift to smuggled brands which are available at cheaper price. This act result in loss of revenue to government in terms of taxes and loss of sales for manufacturersporter.jpg Porters five Forces Model By using Porters Five Forces Framework we will discuss five basic competitive forces within the tobacco industry. The threat of potential new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitutes, and the extent of competitive rivalry. Threat of new Entrants The barriers to entry in the Pakistan tobacco industry are low mainly due to less competition in the industry and local companies can easily enter the market however the barriers to enter the market nationally are very high. The reason for high barriers at national level is due to high manufacturing, distribution and marketing cost which makes it difficult for local companies to sustain themselves at national stage. High investment cost is required to build production facilities that can mass-produce tobacco products at the national level. Moreover packaging cost of cigarettes countrywide is very high which cannot be afforded by the new local firm. Brand identity is another barrier to entry in Pakistan Tobacco industry. Brand awareness is very important in any industry. In Pakistan government has imposed restriction on advertising. The ban on cigarettes adverstising is acting as a barrier to entry because advertising and communication is required to product strength in the mind of consumers. This ban is also effecting existing companies in a way that they cannot reinforce their current brands and will find difficulty in launching new brands. High brand loyalty in Tobacco industry is another entry barrier for new firms. Example Benson Hedges users will not shift to a new product because of high emotional attached to it. Bargaining power of Suppliers In Pakistan tobacco industry raw material for cigarettes is provided by farmers to manufacturers. Apart from Green Revolution agricultural products have been exploited in all decades this as resulted in low prices of agricultural products but throughout Pakistan history policies have been favoring industries, finished goods are sold at higher price whereas raw material are bought at lower prices. In Tobacco sector supplier has less bargaining power because of less competitors in tobacco industry. Many of the tobacco farmers are located in NWFP, Punjab. Even though government has imposed minimum price but it has been ineffective due to dominance of multinational firms in the tobacco sector. Multinational have bargaining power because they control more than 70% of the market thus illustrating that the farmers have little bargaining power due to the government interaction. Bargaining power of Buyers Economy plays an important role in buying cigarettes in tobacco industry. As we know Pakistan economy is uncertain with high unemployment, increasing inflation and political instability. These factors affect the buying power of consumers. Buyer power in tobacco industry also depends on disposable income. A decline in buyers disposable income results in buying cheaper brands of cigarettes and if a buyers disposable income increases, then they are more likely to buy more expensive brands. By looking at the current scenario Pakistan Tobacco Company launched a low price brand Capstan which became very popular among consumer and captured 14% of market share which effected the market share of Philip Morris brand Moven gold. A recent example of Pakistan Tobacco Company increased the price of Dunhill which resulted in decrease of their market share as consumers shifted towards low price brand Capstan. Consumers in the United States are now increasingly becoming more concerned with health issues. Consumer health awareness has hurt the market for tobacco sellers and has also led to the increase for government regulation. But in Pakistan which has more population than United States serves as an attractive market. Moreover less government regulation results in cigarettes manufacturers exploiting consumers. Threat of Substitutes The biggest substitute for tobacco users is to just quit using any type of tobacco product. many companies are trying to make product which is beneficial for the smokers to quit smoking, for this purpose they started campaign promoting awareness regarding health isssues. There are many services to help people using tobacco. As health issues and diseases increases day by day so people themselves willing to quit smoking for this purpose they started using different product or services like they started workout which would be the motivating factor or them to quit smoking. There are also some government websites which teaches different method to quit smoking and live a healthier life. Some people prefer to consult doctor and they provide them with prescription tablets or pills which would make them able to forget about smoking and it would be a source for them to live normal life, this also be one of the substitute for tobacco products. . There are many benefits which motivates the consumer of tobacco to quit like smokers will to live the heather life would be the motivating factor other than this the cost involves in getting cigarette is very high and due to inflation and rising prices of the cigarette consumer could not afford to have additional items into their daily routine so they started involved in different methods to quit smoking and Buyer propensity toward tobacco substitutes seems to have increased over time with the evidence that smoking can lead to health risks such as lung cancer, emphysema, heart disease, pregnancy complications, and other health problems. Competitive rivalry Competitive rivalry in tobacco sector is medium to high because more than 70% of the tobacco market is controlled by Pakistan Tobacco Company and Phillip Morris Pakistan. Both firms are involved in intensive price wars in order to get a market share. Dominant firm like PTC is continuously decreasing its in order to maintain its market leadership. Pakistan Tobacco Company reduced the price of its medium-price to sustain market share. This triggered threat to Philip Morris Pakistan as they also had to reduce their prices. Pakistan Tobacco Company controls the largest market share at around 60%. Pakistan tobacco company brand gold flake contributes largest revenue for the company. Both companies have divided their brands into different segments to cater different income class people. Even though the volume of cigarettes have been steady for the past few years the revenue continue to increase, thus making cigarettes manufacturers financial position stronger Rivalry in the low and medium sector of cigarettes has been a strong focus of the leading companies in recent years. The market for low and medium category is increasing in country mainly because of the income level in Pakistan. Pakistan Tobacco Company leads in this sector by having around 3 brands for medium and 1 brand to cater low income class. With the potential growth in middle and low category Pakistan Tobacco Company introduced another brand by name Capstan by mall pall even though it had Capstan brand. Philip Morris are also introducing new brands under medium and low category to extract the profitability. By using the Porters Five Forces Framework we were able to discuss the five basic competitive forces within the tobacco industry. The level of difficulty for new entrants; the lack of bargaining power of suppliers; the bargaining power of buyers between different brands; the high level of potential substitutes; and the competition rivalry, as well as domestic growth areas; were all analyzed within the tobacco industry using the Porters Five Forces Framework. Dominant forces such as government regulation and health awareness influence change in the tobacco industry. The potential impact that theses forces could play on the tobacco industry could be harsh if companies dont adjust and change with them. MAJOR PLAYERS Pakistan Tobacco Company LTD In 1947 Pakistan Tobacco Company Limited was established. The company congratulate itself for being the first multi-national company to start its business in Pakistan. Pakistan Tobacco Company is the subsidiary company of British American Tobacco which started its operations for over 100 years now and dealt in over 180 countries. The Company has international reputation for manufacturing and marketing high quality brands for the adults. PTC is one of the leading companies in Pakistan. PTC has two art factories in two different states and has more than 1,700 people working there and more than a million people working in various aspects of the business indirectly. PTC is the market leader. PTC has a vision of being the leaders of growth, champions of productivity, responsibility and a leading organization PerformanceClipboard01gross turnover of ptc.bmp The gross revenue was increased of about 67 million in year 2011 from 60 million in year 2010 because of the successful introduction of brand capstan which occupied 14% of the market share. In 2011, the growth was initiated by new performance of its brand Capstan established in July 2010. PTC captures a market share of about 49.4 percent in the overall market. At the beginning of 2012, the companys brands have performed well against the competition. The 77 percent increase in such marketing, distribution and selling activities during the period, the operating margins decreased to 9.76 percent in 2012 from 10.27 percent in 2011. The operating margin declined, but still the Company was able to control costs during the period. The gross profit increased to 30.71 percent in 2012 from 25.75 percent last year as

Surrealism and Salvador Dali Essay -- Salvador Dali Artists Painters P

Surrealism and Salvador Dali Salvador Dali, was born Salvador Felipe Jacinto Dali i Domenech on Monday, 11 May 1904, in the small Spanish town of Figueres, in the foothills of the Pyrenees, approximately sixteen miles from the French border in a region known as Catalonia. His parents supported his talent and built him his first studio while he was still a child in their summer home at Cadaques. Dali went on to attend the San Fernando Academy of Fine Arts in Madrid, Spain. He was married to Gala Eluard in 1934 and died on 23 January 1989 in a hospital in Figueres (Etherington-Smith, 12). Dali never limited himself to one style or particular medium. Beginning with his early impressionistic works, greatest inspiration. Surrealism emerged from what was left of Dada (a European movement categorized by its irrationality and lack of traditional values, sometimes referred to as nihilistic) in the mid 1920’s and unlike Dada, Surrealism held a promising and more positive view of art and because of this it won many converts. Surrealism actually got its beginnings as a literary, not artistic, trend in Parisian publications (Stangos, 122). What Surrealism and Dadaism held in common was their belief in the importance of the unconscious mind and its manifestations, as was stressed by Freud. They both believed that through the unconscious mind a plethora of artistic imagery would be unveiled. Both of these , called automatism. The Surrealists also wanted to answer the ques...