Movie Review Fast And The Furious Tokyo Drift

Positive Attributes Paper There is a movie called Fast and the Furious: Tokyo Drift where one of the side characters explains to the main character that â€Å", it is trust and character I need around me. You know, who you choose to be around you lets you know who you are.† I would like to think that the people I have requested feedback from are an accurate reflection of what I am today because I see each one of them as tiny parts of me who have been influenced by my actions over the years. During the beginning of September, I was going through an interesting time myself, thinking about where I am now, and where I might be heading. Even though I would consider myself an analytical person, one of the biggest things I was having a hard time thinking about was what I am truly good and bad at. After talking to my bosses and friends, they helped me figure out some of the things I was really good at and things that I need to work on. I believe this positive attributes exercise is a good reflection piece to build on what I learned last month. I have learned that I have built up a combination of skills, traits, and characteristics that I have displayed to these people that has ultimately added value to their lives in many ways. One of the apparent common themes from the many responses I received is that I take responsibility in a leader role. The leadership role defined by the responses would mean taking charge of different situations. When I think of my close group of friends, it isShow MoreRelatedMovie Analysis of Tokyo Drift: Fast and Furious671 Words   |  3 Pageslay back and watch a good movie? Today I will be reviewing one of my favorite movies of all time, Tokyo Drift. Fast and Furious: Tokyo Drift, is one the great movies of Fast and Furious series. Fast and Furious movies have a lot of fans throughout the world and the great thing about this series is that they are all relatable and continue the story that began in the year 2001. But there is something different about Tokyo Drift that keeps it unalike with other Fast And Furious movies. This is why I willRead MoreThe Fast And The Furious Movie Franchise2035 Words   |  9 PagesThe Fast and the Furious movie franchise was an unexpected hit when the first film was released. The movie is about Dominic Toretto, who is a street racing legend, teaching Brian O’Connor how to race and win them money and new cars. The only issue is Brian is an undercover cop who is investigating Dominic and his crew to solve the case about the occurrence of illegal hijackings of big rig trucks (â€Å"Plot Summary†). With such a simple plot line, no one expected this movie to take off and reach a hugeRead M oreThe Fast And The Furious2042 Words   |  9 PagesThe Fast and the Furious: Approach to Marketing Success The Fast and the Furious movie franchise was an unexpected hit when the first film was released. The movie is about Dominic Toretto, who is a street racing legend, teaching Brian O’Connor how to race and win them money and new cars. The only issue is Brian is an undercover cop who is investigating Dominic and his crew to solve the case about the occurrence of illegal hijackings of big rig trucks (â€Å"Plot Summary†). With such a simple plot lineRead More School Uniforms Essay2067 Words   |  9 Pagesthe decisions board members have to make, they choose spirit colors. For high school students they might choose red, gray, or white. Now that they have chosen the colors they have to pass out the memos or the student handbook so that the kids can review these new rules. Students of the elementary school might wear only a single color during the week which can be royal blue, yellow, maroon, and red. The color red can be used on Fridays because its spirit shirt day. This wi ll help students on not gettingRead MoreNeed for Speed6930 Words   |  28 Pagessingle map, Olympic City, except for drifts. Underground game introduced three new play modes (Drag, Drift and Sprint) and tuning with more options than in the previous attempt, High Stakes. Underground was also the first game in the series to feature a story, told via pre-rendered videos, completely rebooting the franchise. Underground features tuner cars and focuses on the import tuner culture shown in movies like the Fast and the Furious and 2 Fast 2 Furious and this video game has some competitionRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesmoved to the front of the book as Part I. I think your students will find these cases particularly interesting and even inspiring. The popular â€Å"Marketing Wars† is again included, this time as Part II, and it follows major competitors in their furious struggles. Two new parts have been added from older editions: Part III Comebacks, and Part VI Ethical Mistakes. In response to your feedback, the section on notable successes has been continued. Some cases are as recent as today’s headlines; severalRead MoreExploring Corporate Strategy - Case164366 Words   |  658 PagesSunday Times estimated Palumbo’s total fortune as  £150m. A spokesman for 3i said: We had obviously heard a lot about the Ministry and James [Palumbo] has had a lot of good press. We were impressed by how successful the brand has become and by how fast it has grown. . . . Ministry has a phenomenal skill in helping new acts hit the big time. The more successful it became, the more people wanted to become associated with it. . . . When making an investment, you have to be totally comfortable and conï ¬ dentRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesyou need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. Cameron UNIVERSITY OF MICHIGAN Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editorial Director: Sally

It 205 Assignment Week 8 - 1072 Words

Hardware Replacement Project Matthew Sager IT_205 Feb. 20, 2011 Lori Atkins Mikalonis Hardware Replacement Project There are five major variables to consider when starting a major IT projects and there are scope, time, cost, quality, and risk. Most major IT projects will require a project manager to handle to overseeing of the project. The project management refers to the application of knowledge, skills, tools, and techniques to achieve specific targets within specified budget and time constraints. Project managers activities will include the planning of the work, assessing the risk, estimating the costs required to complete the project, and several other important duties. As in other areas of business, Project management for†¦show more content†¦This budget should also include a little extra funding to cover any type of unexpected expense that can arise. Quality is an indicator of how well the end result of the project satisfies the project management. All of the objectives specified by the project management must meet and exceed their expectations. The quality for our CRM system project will usually boil down to improved national marketing campaigns, instant access to customer data, simplified account management, enhanced lead and sales tracking, and opportunity for additional sales to current customers. The quality can also be considered by the accuracy in the scheduling and timeliness that our project was completed. The accuracy of information that is produced by our new CRM system and ease of use is another way to judge its quality. There is also the quality of hardware and software used in the project this can determine the overall quality of our new CRM system. If we used low end equipment and cheap software produced by an unknown company, and then dramatically decrease the quality of the CRM system. This will also lower t he quality of information that is given from the system as well. Risk refers to any potential problems that would threaten the likelihood of success for or any project. These potential problems might prevent a project from achieving some or all of its objectives by increasing time and cost. Risk factors can evenShow MoreRelatedWeek Assignment Review 1 Substance Abuse Class1710 Words   |  7 PagesBrian Edwards Professor Haley Nunn SOCL4273 11, January 2015 Chapter Review Assignment 6,7,8,9 Week 1 Chapter 6 1. At about what periods in history did cocaine reach its first and second peaks of popularity, and when was amphetamine’s popularity at its highest? Cocaine -late 19th century and early 20th amphetamine- 1960s (Hart Ksir, p. 125) 2. How did Mariani, Freud Halsted popularize the use of cocaine? Psychiatric use (Hart Ksir, p. 126) 3. How are coca paste, freebase, crack, and iceRead MoreEssay about Assignment1252 Words   |  6 PagesSeoul National University Supply Chain Management May 11 – May 22, 2015 Homework Assignment Completed assignment is due at the start of Session 7 on Tuesday, May 19. This assignment is to be completed in a group of 2 or 3 students. Submit a hard copy, not an electronic copy (typed answers are preferred). Show your work clearly and explain your reasoning in detail. You will not receive a credit if the instructor cannot understand what you have done because of insufficient explanation. (Q1-Q2)Read More Therapeutic Horseback Riding and Children with Autism Developmental Disorders1659 Words   |  7 Pagesprovided by anyone who receives specialized training and certification. Equine-assisted therapy (EAT), a subtype of animal-assisted therapy, is the integration of the horse into goal-directed treatment and is provided by licensed therapist. (p. 205) Hippotherapy is a specialized type of equine-assisted therapy (EAT). It means involving a horse during the course of treatment. In order to conduct hippotherapy, one must be a licensed therapist (physical, occupational, or speech-language pathologist)Read MoreCrosswell1474 Words   |  6 PagesCommitment to reading and understanding of text and other assigned materials. 2. Understanding of all case assignments – with or without written reports. 3. Active and informed participation in class discussions. 4. Timely and effective completion of assignments. 5. Energetic and effective involvement in team projects, especially the International Finance Case Study. 2 Class discussion of assignments A principal obligation is to keep up with the assigned chapters within the course study outline containedRead MoreHardware Replacement Project1364 Words   |  6 PagesAssignment Week 8: Hardware Replacement Project Melanie Sexton IT/205 May 8, 2011 Charbel Elkhoury, Ph.D. Assignment Week 8: Hardware Replacement Project Prior to the IT department’s implementation of a new Customer Relationship Management (CRM) solution to its corporate offices, assessment of company’s hardware currently in use and its ability to support the new CRM application revealed the information technology infrastructure contained out-of-date hardware in need of replacementRead MorePm586 Final Study Guide1407 Words   |  6 PagesRemember, though, that the exam timer continues to run while students are disconnected, so students should try to re-login as quickly as possible. The Help Desk cannot grant any student additional time on the exam. 3. See Syllabus Due Dates for Assignments amp; Exams for due date information. 4. Reminders: * You will only be able to enter your online Final Exam one time * Click the Save Answers button often * If you lose your Internet connection during your Final Exam, logon againRead Morelaw case Essay1608 Words   |  7 Pagesï » ¿ Commerce 2603 Summer, 2013 Assignment Case Distribution Date: May 15. 2013 Jim Jones was a B.Comm student at Ivory Tower University in Halifax, and played hockey for the Commerce A11-Stars† in the ITU inter-faculty league. Bob Black, of the ITU Law School, played for the Law School Lumpers in the same league. One evening, Jim checked Bob heavily into the boards during a game. Bob retaliated, as he fell, by slashing Jim across the back of the neck with his hockey stick. TheRead MoreNegative Effects of Technology on Children1580 Words   |  7 PagesTechnology on Children March 21, 2010 According to a New York Times article this January, the average kid, ages 8-18, spends over 7  ½ hours a day using technology gadgets equaling 2  ½ hours of music, almost 5 hours of tv and movies, three hours of internet and video games, and just 38 minutes of old fashioned reading according to the Kaiser Family Foundation, which adds up to 75 hours a week! These statistics are not just mere numbers; they are a reflection of the way our society is heading. There isRead MoreFinancial Accounting1584 Words   |  7 PagesWeek 2 I)Frontier Park was started on April 1 by C.J Mendez and associates. The following selected events and transactions occurred during April. April 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8 Incurred advertising expense of $1,800 on account. 11 Paid salaries to employee $1,500. 12 Hired park manager at a salary of $4,000 per month, effective May 1. 13 PaidRead MoreManagement Case Study4811 Words   |  20 PagesQuality Management Case Study (Assignment 1) CE00783-M : Quality Project Management for Technology JAYASOORIYA, SAVEEN MANILKA BANDARA Reg. No: 09003656 th Date: 26 April 2010 Tutor: Dave Link Faculty of Computer Engineering and Technology K215 Beacon Building Staffordshire University CE00783-M Quality Management Case Study (Assignment 1) CONTENTS 1. Introduction 1.1 Total Quality Management 1.2 Aims and Objectives 2. Background 2.1 Organization 2.2 Product 2.3 Production

Essay about Rationalism in America The Age That Shaped...

It can be said, but not denied, that the United States of America is one of the most powerful countries in the world today, and has been for arguably the last one hundred years. With its political agendas and military strength it shapes governments; with its social trends and values it shapes cultures. But what, exactly, shaped the United States? The various worldviews that have sprouted from Western philosophy is the most obvious answer, but, to be more specific, it is how those worldviews were adopted that were of the most significance. Whether it was the strict nature of the Puritans, who can be held responsible for the widely-held fear of sexuality, drug-use, and various other topics in America; or the revolutionary ideas of the†¦show more content†¦In the eyes of the colonists, they were gaining nothing from being British citizens that they could not give themselves, and were putting themselves on a lower level by remaining under the political threshold of the British m onarchy. With no vote in Parliament and having such a detrimental physical separation between themselves and their government, maintaining an allegiance to the British crown seemed both absurd and counter-productive. Another important aspect—besides the negative repercussions of remaining under British service—that showcases the value of independence to the American colonists is the fact that they thought they, â€Å"were, and of Right ought to be Free and Independent States.† The fact that they believed that they had the right to their independence if they wished was revolutionary and practically unheard of at that time; however, in the years to come, this idea would spread throughout countries like France and Haiti thanks to the rebellious actions of the colonies. Without thisShow MoreRelatedThe Enlightenment Principles Of Rationalism And Universal Rights1684 Words   |  7 Pagesand Jean-Jacques Rousseau were signposts of this era, inspiring populations loca lly and abroad. This revolution of ideas led to political and societal upheaval throughout the Western world. This essay will argue that the Enlightenment principles of rationalism and universal rights shaped modern Europe and North America through the rejection of absolutist government and the movement towards an equal society. The effect of these Enlightenment ideas is evident throughout the ‘Declaration of Independence’Read MoreEmergence of the Modern World1842 Words   |  7 PagesEmergence of Modern World The 16th century was a period of extraordinary transformation of the world. It marks the very beginning of the modern era of knowledge, skill, art and science. It was the time of grand investigation and discoveries, religious and political havocs, and astonishing literature. Europes overland trade routes to the East had been blocked by 14th century due to the disintegration of the Mongol empire and the expansion of the Ottoman Empire. Thus began the Age of Discovery withRead MoreEssay about Romanticism1678 Words   |  7 PagesRomanticism, Romanticism, in a way, was a reaction against rigid Classicism, Rationalism, and Deism of the eighteenth century. Strongest in application between 1800 and 1850, the Romantic Movement differed from country to country and from romanticist to romanticist. Because it emphasized change it was an atmosphere in which events occurred and came to affect not only the way humans thought and expressed them, but also the way they lived socially and politically (Abrams, M.H. Pg. 13). â€Å"RomanticismRead MoreWhat is Existentialism?1533 Words   |  6 Pagesbroad sense focusing using examples on different existential issues that affect the African continent. Existentialism comes through from a time of the Romantic Period in Europe. Focus had been put on a return to nature, feelings and an attack on rationalism. Most thinkers in this tradition like Kierkergard, Hiedegger and Nietzche focus on the issue and feeling of anxiety in the human condition. Treated well this anxiety goes on to breed authenticity in the human being. Anxiety comes about as an ontologicalRead More Equality of Life4144 Words   |  17 Pagespluralism as well as cultural diversity. I contend that the defender of religion who argues from the incommensurability of this form of life must also give up all traces of worldview exclusivism, the dogmatic claim to possess the one truth about the world. Finally, I argue that if we are to move into a future of peace, we must acknowledge that various forms of life are lived on a level playing field. That is, all forms have important contributions to make, and none have revelatory advantages over anotherRead MoreEssay about Greek Politics5547 Words   |  23 Pagesgovernment. Democracy began with the Greeks in the various city-states. Political thought also began in Greece. The â€Å"calm and clear rationalism of the Greek mind† started this way of thinking. Rather than focusing on the religious sphere, the Greeks chose to concentrate on the self and all things visible. They attempted to enter the world of the light of reason. â€Å"Democratic ideology and democratic political thought – the one implicitly, the other explicitly – sought to reconcile freedomRead MoreThe Enlightenment Research Paper Ap Us History2900 Words   |  12 PagesThe Impact of the Enlightenment in Colonial America Crà ­stel Mendieta Lincoln International Academy Advanced Placement United States History Mr. Roger Brady September 12, 2012 Abstract This research paper was written for the Advanced Placement United States History class taught by Mr. Roger Brady. It focuses on the rise of the ideas of the Enlightenment and how these ideas were relevant in the American Revolution, and the creation of the modern American Society. It also provides a throughoutRead MoreA History of World in Six Glasses Essay2701 Words   |  11 Pagesearliest civilizations would still be prosperous. Wine in Greece and Rome (Chapters 3 and 4) What does the story of wine tell you about wine tell you about social and gender roles in the Mediterranean world? The story of wine can tell us about the social and gender roles in Mediterranean worlds. Private drinking parties known as symposiums was an all male aristocratic ritual that took place in a special mens room (man cave). Women were not allowed to sit with men in these men rooms, givingRead MoreJames C. Modern Christian Thought Volume 1 : The Enlightenment And The Nineteenth Century1808 Words   |  8 PagesNineteenth Century. 2nd Ed. Minneapolis: Fortress Press, 1997. ISBN-13: 978-0-8006-3795-8. 448. pp. (Kindle Edition: 10285 locations). By: TidSureyah Tach, ID# 339560 October 21st, 2014 Bibliographic data: James C. Livingston (died July 31st, 2011 at age 81) was a faculty member in Religious Studies and administration at the College of William and Mary from 1968 to 1998. Professor Livingston was the founding chair of the Department of Religion, when he earned a promotion to full professor in 1973. HeRead MoreReligion And Its Role Within Societies 600 B.c11006 Words   |  45 Pagesreligion it became.. Another apostle, Peter, became the first Pope of the Roman Catholic Church in 30 C.E. Later, Christianity would become one of the most followed and the most influential religions in the world: it would be the fundamentals of peasant and rural everyday life in the European Middle Ages, European Monarchs founded the legitimacy of their rule on religious basis, it would be the driving force behind the Crusades, but most of all, Christianity would become a uniting force among the many

Affect of Cultural Values And Personal Ethics in Business...

Personal, organizational, and cultural values can create a difficult problem when trying to make a business decision that includes all the previously stated. Personal values are what each individual holds dear to them living the types of lives that he or she like and would like to lead. Organizational values are what are best for the company to maintain a good public image and employee guidance. Cultural are set on traditions handed down from generation to generation to preserve a way of living that each culture holds dear and true to them. Trying to intertwine these types of values when making professional and personal decisions in ones life can create a very stressful situation. Stand by personal values and do not deviate then there†¦show more content†¦For example, professional associations have codes of ethics that prescribe required behavior within the context of a professional practice such as medicine, law, accounting, or engineering. These written codes provide rules of conduct and standards of behavior based on the principles of Professional Ethics, which include:  · Impartiality; objectivity  · Openness; full disclosure  · Confidentiality  · Due diligence/ duty of care  · Fidelity to professional responsibilities  · Avoiding potential or apparent conflict of interest Even when not written into a code, principles of professional ethics are usually expected of people in business, employees, volunteers, elected representatives and so on (Colero). The above stated quote gives and excellent informal standards of professional ethics. The informal principles of professional ethics are a blueprint that most people in businesses and many other workplace settings can refer to when some guidelines are unclear. The bullet points supply great characteristics and/or qualities he or she should have in making business decisions or involve these in the critical thinking process. Its hard not to include personal values when making business decisions. It is a very trying task to make business decisions that heavily include ethics and morals. The bullet points above are some veryShow MoreRelatedValues Based Decision-Making Essay1372 Words   |  6 PagesAn individuals personal, organizational, and cultural values are the foundation of their personal and professional decision-making cycle. These values form the core of that individuals moral fabric, and his actions and decisions are predicated on those beliefs. Shalom H. Schwartz defined values as conceptions of the desirable that guide the way social actors (e.g. organizational leaders, policy-makers, individual persons) select actions, evaluate people and events, and explain their actions andRead MoreEssay about Values Based Decision-Making1416 Words   |  6 PagesAn individuals personal, organizational, and cultural values are the foundation of their personal and professional decision-making cycle. These values form the core of that individuals moral fabric, and his actions and decisions are predicated on those beliefs. Shalom H. Schwartz defined values as conceptions of the desirable that guide the way social actors (e.g. organizational leaders, policy-makers, individual persons) select actions, evaluate people and events, and explain their actions andRead MoreCultural Values and Personal Ethics Paper1151 Words   |  5 PagesRunning head: CULTURAL VALUES AND PERSONAL ETHICS PAPER Cultural Values and Personal Ethics Paper University of Phoenix Cultural Values and Personal Ethics Paper [The introduction goes here. It should be one or two paragraphs explaining the findings of your paper. The introduction should prepare the reader for the contents of the paper by previewing the three main topics in your paper. Be sure to end with a transition word or sentence to lead into Section 1 of your paper. Triple clickRead MoreEssay about The Effects of Values on Decision Making1022 Words   |  5 PagesThe Effects of Values on Decision Making The purpose of this paper is to examine how personal, organizational, and cultural values affect decision making in my personal and professional life. My cultural, organizational and personal values represent my beliefs and traditions of my cultural environment. Through my research, I examined values and based them on how important they are within my personal, organizational, work, and cultural lifestyle. Based on the research, I came to the conclusionRead MoreCultural Values Essay example1059 Words   |  5 PagesAbstract The purpose of this paper is to examine how personal, organizational, and cultural values affect decision making in my personal and professional life. My cultural, organizational and personal values represent my beliefs and traditions of my cultural environment. Through my research, I examined values and based them on how important they are within my personal, organizational, work, and cultural lifestyle. Based on the research, I came to the conclusion knowing the foundational elementsRead MoreEthical Decision Making A Good Corporate Social Responsibility938 Words   |  4 PagesIn today’s busness world, ethics must be considered in order to keep organizations in good social standing in their industries and in society. Hobby Lobby founder David Green insist that stores are closed on Sundays to allow employees time for family and worship (Green, n.d.). Critics say that believers and employees may be happy with the policy, but the store is losing business to competitors who re main open on Sundays and for longer hours. This might be true but it is not important to Mr. GreenRead More The Impact of Values on the Workforce Essay973 Words   |  4 PagesThe Impact of Personal Values, Organizational Values, and Cultural Values on the Workforce When we are called upon to make decisions, several factors are taken into consideration before this decision can be made. Depending on the type of decision, such factors could be cultural beliefs, personal beliefs, and organizational beliefs. We have come to realize that there are fundamental challenges in trying to apply ethical principles in a cultural and organizational environment. Each cultureRead MoreReconciling Ethics in the Global Market1025 Words   |  5 PagesReconciling Ethics in the Global Market Values, morals, and ethics are three interrelated concepts that influence the decisions in our personal lives. Values are usually acquired throughout childhood, based on experiences and influenced by many sources including parents, teachers, media, religious affiliations and many other factors. Morals are developed throughout a person’s life, as he or she acquires personal beliefs of right and wrong, (Walker, 2001). Ethics are standards of conduct that indicateRead MoreCultural Values1541 Words   |  7 PagesCultural values, personal ethics, and morality are all topics that usually have a different meaning for every individual. My personal ethics, morality, and cultural values have developed throughout the many life lessons that I have learned in my 29 years of life. I can still remember a specific Saturday afternoon at my grandparents house. I was sitting on my grandpas lap watching the Dodger game. In between innings my grandfather asked me the question, Aaron it is ti me you learn about valuesRead MoreValue And Its Influence On People s Living1533 Words   |  7 Pagesand fulfill the value of life, such as happiness, health , love, and making difference. On the other hand, values determine every life decision that people makes (Determine the true purpose of money in your life, 2016). Value is the monetary worth of something, which has great influence on indivudual’s behavior and attitude. When a purchase decision is made, it involves a value calculation. In general, value is measured by price. But the price does not really reflect the true value. The most common

Louis LAmour free essay sample

The reason for school is to get an education. But what is that? Some say to get a better career and make more money or become smarter in general. But the main reason that school was invented was to teach children to read and write. That is it. After students were able to read and write then came the math, history, and science. Growing up I loved learning how to read and write, but to a certain degree. After I got pretty good at reading and writing, which I’d say took until 4th grade to be able to write essays well and read at a high level, teachers would assign reading and writing assignments on the stupidest subjects. For an example cursive writing was the biggest waste of energy I have ever put into schoolwork. My school had us learning and writing cursive until my 8th grade year and I started in the 4th grade. We will write a custom essay sample on Louis LAmour or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page After 8th grade it was all a choice to write in cursive or regular. During the SATS writing a paragraph in cursive was the hardest part of the whole test because I already forgot how to write in cursive and that was my junior year in high school. So there was four years wasted of learning and I knew it going through it even though ever teacher that taught it said â€Å"Oh you will write in cursive every day in high school and college! † What a load of crap that was. Then the reading that they assigned was by far the most boring stuff to read and over half of my peers wouldn’t remember the material the next day. I would think if 90% of the class groans and moans when you assign reading you should probably pick a different book to read. Who cares if it’s a Newbery Award 12 year olds didn’t vote on it American Library Association did and they are avid readers who love to read anything and everything. We are young children that you are trying to make them be excited about learning, and I always heard teachers say they want students who love to learn. Well you can’t blame the kids for not wanting to get involved in something that seems meaningless. Going through school I hated everything about how my teachers approached reading. They never asked me what do I want to read about or what I want to learn about until my 7th grade year when we had to read a book, take a test on it, and then write a book report on it. When I was listening to my teacher describe the assignment I was waiting for the circumstances. Then she said anything we want to read and do a book report on. I was dumbfounded when I went to the library because I had no idea on where to start. So I just started going to random areas of the library and seeing anything that just popped out at me and begged me to read it. Finally one did, and to this day still my favorite book I have ever read, â€Å"Iron Marshall† by Louis L’Amour. I fell in love with this book. I read it every night before I went to sleep and every day during school when I had down time during class. What drew me in was that there was action in every chapter and the story was in such good detail. I now know the saying that the book is better than the movie. And it is all because of â€Å"Iron Marshall†. After reading that book I had to see what else Louis L’Amour had because of how much I fell in love with the first one. Oh he did and to my surprise I can’t pick a favorite one! I read every single book he had in the library by the end of my sophomore year in high school. Louis L’Amour changed my outlook on reading in general. Because of his books I love to read and I am eager to see what other books have to offer. But unfortunately almost every one I come in contact with is very dull and boring. None have that excitement or wow factor that I am looking for like in the â€Å"Iron Marshall†. It is sad because if you have something that is the best you will have a comparing system to see if anything else will compare to it so I will not give much reading material a chance after the first couple paragraphs. I remember one book I was reading by Louis L’Amour, â€Å"Crossfire†; there was a shootout in the very first page with several people dying. After reading something like that it is impossible not to be hooked and I haven’t come across anything like that since. There has been some interesting reading I have come across in my education but nothing stands next to, in my mind, like Louis L’Amour books. He is the reason why I read other material just to see if I can come across another literature jewel.

Eu Yan Sang Report free essay sample

Eu Yan Sang was founded in 1879 and specializes in Traditional Chinese Medicine. It evolved from a small shop in Malaya selling traditional Chinese herbal remedies, to a global healthcare company manufacturing and retailing traditional Chinese medicines and herbs. It was listed on SGX in 2000 with operations in Hong Kong, Malaysia, Singapore, Australia, Macau and China, giving it a strong foothold all over the Asia Pacific region. Ranked 16th in consumer health in Singapore in 2011 and 7th in herbal/traditional dietary supplements, Eu Yan Sang’s success can be seen from its market presence. Moreover, the company’s overall share price increased steadily over the years due to product expansion and increase in retail outlets. Its market positioning as a middle-market brand, with an emphasis on the traditional fused with â€Å"modern and scientific approaches† has promoted widespread customer confidence. The company is also a leader in terms of controlling its entire supply chain, from the sourcing of raw materials to production, distribution and even treatment. We will write a custom essay sample on Eu Yan Sang Report or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Based on its Annual Report, Eu Yan Sang’s international performance and long-term sustainability looks very encouraging. However, upon closer examination, the reliability of some of the figures in the Annual Report is a cause for concern as the annual report lumps the data of China and Macau with Hong Kong, casting a shadow on the company’s performance in each of the regions. This was further supported by various sources citing poor performances in China, which has led to our topic of focus on Eu Yan Sang in China. Our project seeks to examine and analyze the applicability of Eu Yan Sang’s successful business model in Singapore and Hong Kong into the Chinese market. We first will identify the operating model in China and analyze challenges it faces in entering the Chinese market. We will also compare the Eu Yan Sang’s China business model with that of other countries, highlighting some of the social, political and economic nuances and differences, before giving our recommendations. In China, Eu Yan Sang has 19 retail outlets selling only health products and supplements, no drugs. This is due to the strict food and drug regulation in China except only recently, they were given a retail pharmacy license by a local food and drug authority of Dongguan, a city in Guangdong province to sell both prescription drugs and Chinese medicine in that city. However, the TCM industry outlook in China is booming, with TCM being the main practice in the country as well as the rising affluence and growing middle class. Prima facie, it may seem very feasible for EYS to tap onto this opportunity, but we have identified three major issues that hinder internationalization of the business into China: (1) Regulations A highly regulated pharmaceutical industry is a major concern for Eu Yan Sang, such as the prohibition of imported drugs/medicine (with some exceptions). Companies must manufacture drugs within China to be able to distribute drugs within the country. This binds foreign companies to a long-term business commitment within China, as well as protecting the local producers. (2) Guanxi and Corruption Another inevitable aspect of doing business in China is Guanxi. Pharmesis International Ltd is an exact replication of Eu Yan Sang’s business model, however unlike Eu Yan Sang, it is able to manufacture and distribute western and TCM drugs all over China. The major difference might possibly be that Pharmesis has elected a Chinese National to become the CEO of the company despite all other non-executive members to be Singaporean. This issue puts forth a question mark on Guanxi and corruption within businesses in China, which is a significant hurdle for family businesses like Eu Yan Sang to overcome. (3) ASEAN-China FTA Last but not least, even with ACFTA full force, trade volumes do not seem appear to add value to the economic cooperation within the two countries. The institutional arrangements and procedures widely differ among the member  states and more time, effort and resources have to be invested to improve the present institutions and upgrade the industries to reap the complete benefits associated with ACFTA. Thus even with FTA, Eu Yan Sang has been unable to reap from it. Moving forward, our recommendations for Eu Yan Sang would be to focus on the OTC drug market in China as well as taking advantage of the preventive mindset of the Chinese can bring about a boost in Eu Yan Sang’s bottom line with the conditions that the above mentioned nuances are tackled and our recommendations are as follow; (1) Set up an entire supply chain facility that engages in production, distribution and storage of drugs (2) Propose a collaboration with the Chinese government using the iGATES technology (3) Obtaining a local partnership through direct hiring of a Chinese national or acquisition of related local companies INTRODUCTION The Company Founded over 130 years ago by Eu Kong, from Southern China. Founder, Eu Kong, sold Chinese herbs and medicine to mining coolies in Perak, Malaysia. Today, the organization has grown to become a publicly listed corporation with operations spanning across different regions in Southeast and North Asia. In Singapore, Malaysia and Hong Kong, the organization has become a household name, a brand synonymous with traditional high quality Chinese medicine, with a modern approach. Operations Retail and Manufacturing The group has over 150 flagship products ranging from traditional Chinese medicine and medicinal herbs, to health supplements and health foods. Clinic and Services With over 25 TCM clinics in its operating regions, EYS has been able to increase circulation and awareness of its products through dispensation and prescription. Supported by highly qualified TCM-trained physicians, with bilingual capabilities to cater to older, non-English speaking patients, and younger, English-speaking ones too. Far from the experience of visiting traditional ‘sinseh’ practitioners, the clinics have adopted the western-healthcare service system. Science Research and development has always been the backbone of the organization. The driver of its strategic advantage has been its focus on technology and scientific backing of its products and processes. To assure effectiveness of their products, the group invests largely on research and technology. The group developed the iGates database which helps identify and breakdown the chemical components in Traditional Chinese medicine. It also documents and fingerprints all known traditional and rare herbs and allows for tracking of these herbs from the extraction stage, all the way to the processing stage in the supply chain. With the help of iGates, many traditional Chinese medicines have become recognized and approved by the WHO. Critical success factor Modernized Tradition Identifying the deep-rootedness of tradition in Chinese medicine, it has maintained a heavy focus on culture. Yet, combined with modern practice and trending globalization, the group has early on embarked on strategic modernization. The scientific approach has given them a competitive edge, well beyond its competitors. The group’s total supply chain control, right from the sourcing and extraction of raw materials, herbs and ingredients; down to the processing and packaging of their products; and finally retailing; has made it one of the leaders within the industry. TCM in China Traditional medicine sales proved the most lucrative for the Chinese OTC pharmaceuticals market in 2010, generating total revenues of $3.2 billion, equivalent to 30.6% of the markets overall value. In comparison, sales of analgesics generated revenues of $989.5 million in 2010, equating to 9.4% of the markets aggregate revenues. Healthcare in china With a population of more than 1.5 billion, there is a huge patient pool in the nation for which the development and production of new drugs or treatment. The rise of the middle class and growing affluence of the Chinese, alongside rapid urbanization is a key driver of consumption in the following decades. The OTC market in China is highly fragmented. The top five companies only hold about 15% of the total market share. With the division of provinces and large number municipalities in China, businesses have to operate in a very ‘local’ manner. Companies need to setup shops in every locality in order to capture a piece of the market. Trending Shift and Awareness: Preventive Healthcare and Medicine The focus of TCM has always been holistic wellness and preventive care. With increased awareness of the numerous wellness benefits of natural remedies, especially among the affluent middle class, EYS has a large and growing consumer base. A growing number of middle class consumers seek to adopt a healthier lifestyle of preventive care, rather than seeking treatment upon contracting disease. Through taking different supplements and extracts, consumers are believed to be able to better maintain good health. Operations in China Unlike Singapore and Hong Kong, The business operates under a totally different business model in China. Due to the strict regulatory requirements of the local Chinese food and drug authorities, there are significant barriers for EYS. The formulation of a many of EYS’ products are classified as drugs under Chinese regulation, as such, they cannot be sold in shops without the necessary approval and license. All the retail outlets in China sell mainly health food, supplements and products. Of the seven provinces in which the group has operations in, only in Dongguan, a city in Guangdong, has their stores been able to carry both prescription drugs and medicine. They expect to open an EYS pharmacy within the year. The group’s CEO, Richard Eu, recognizes the need to locally manufacture their products in China. This would eventually help make registration of these products easier. For now though, the company is focused on building strong branding on their currently available products in their 19 outlets. EYS operates mainly along Southern China. After looking at the TCM industry and the operations in China, the following sections will be addressing certain issues that may make or break EYS penetration into the China market as a whole new business strategy is required in order for the company to succeed. Anti-Monopoly Law in China In 2010, Pfizer was forced to sell their swine-vaccine to Harbin Pharmaceutical Group. The reason behind this was that the Chinese Chamber of Commerce felt that Pfizer’s merger with Wyeth will result in the control of ‘nearly’ half the market for certain swine vaccines and this did not sit well with the Chinese. This anti-competition move could be seen in two ways. One, if Pfizer was to continue selling its swine-vaccine in China, it might capture such a huge portion of the total Chinese market share of vaccines that it significantly crumbles other Pharmaceutical Group’s business. Two, the swine-vaccine might simply be taking a significant chunk of the profits out from other domestic pharmaceutical companies and the Chinese regulators felt that they should interfere to protect the domestic companies. In other words the vaccines pose no danger to the livelihood of the Chinese companies, but only pose danger to their profits. The main difference between the two views lies in the philosophy that guides the business regulating decisions in China. This episode highlights just one hurdle that EYS may continue to face. A Protectionist Regime? In China, foreign companies are not allowed to import medicines for distribution unless they are in small quantities and/or with valid reasons. Moreover, the drugs that are allowed to be imported for distribution have to fulfil a large series of requirements and conditions, which include proving the medicine’s efficacy and making the drug as side effect free as possible. This requirement is a very long-winded and arduous process. Alternatively, to distribute their OTC medicine, The Chinese government requires a production license. This means that OTC drugs could be sold and distributed in China as long as it is produced and manufactured  domestically. This however meant that they needed to build a drug manufacturing facility in China, which is long term and large to make. This was again a potential protectionist policy hidden in plain view. China does not want foreign companies to import foreign drugs and dominate the market and leave. Instead, they require the companies to make a huge long-term investment in the form of a drug manufacturing facility and be committed to the market. They want foreigners to know that they wanted them to be in China for the long time and not just for the â€Å"good time†. These findings provided a stark image of the business politics in China. Guanxi OTC drugs involve a high level of specialization and expertise with high upfront investment costs, making the market very difficult to enter as mentioned by Marketline Analysis. As elaborated in the earlier section, it is also difficult to obtain approval for new products from regulatory authorities. However, upon further research it was found that fellow Singaporean company, Pharmesis International Limited was able to so well in China despite selling similar products to EYS. This finding would prove to be a model that EYS could follow. Pharmesis International Limited, also known as Kinna in China sells western drugs that are TCM formulated, and distributes them to over 2,000 hospitals throughout China. There are three key executives of this company; Heng Ching Chew, Xuedan Wu and Thiam Keng Chew. Upon further research we found out that Heng Ching Chew is a Singapore Parliamentary Speaker and Thiam Keng Chew is also an established businessman in Singapore who has served on the board of many companies. Most interestingly, Xuedan Wu however used hold office in the Ministry of Communications in China. Mr Wu is now serving as the CEO of Singaporean company Pharmesis International Limited. We found this relationship very interesting and provoked the possible involvement of Guan Xi. Perhaps the three of them coming together was an act of pure randomness, but on the other hand, it might just mean that Pharmesis  knew about the difficulty of entering the market and sought to bring in a Chinese partner to enter the giant market of China. This could perhaps be a possible tool for EYS to replicate, in their mission of successfully penetrating deep into China. Comparison with Hong Kong Following the issues of China’s protectionist measures and Guanxi, we further examined the reasons why EYS is not performing in China as compared to Hong Kong. 2012 marked the third year of presence of the business in China. It is also the year where the company grew most from four stores to 16 within the year. Analyst reports have indicated that the retail stores in China are not yet profitable due to the rapid expansion that incurred large amount of expenses. In contrast, looking at the Hong Kong geographic segment, it has got 56 outlets, two integrative clinics as well as a manufacturing cum research and development facility. This large disparity can be attributed due to factors such as: Economic Structure Differences Hong Kong operates through laissez-faire capitalism. It maintains a highly developed capitalist economy; ranked the freest in the world by the Index of Economic Freedom every year since 1995. With such â€Å"freedom†, it allows for foreign companies to move in to invest and set up their branches; not to mention, it takes only 3 days to register a company which indicates ease of business setup. This is vastly opposed to China where it takes 33 days to simply register a company, which highlights the main difference in Hong Kong and the mainland. Demographical and Income Differences Since EYS’ main business is healthcare, demographics and income level plays a huge role. Generally, the country with a higher life expectancy (HK: 83 years old, China: 73 years old) and a more rapidly growing ageing population  will seek for more healthcare services as compared to one that has a lower life expectancy. Moreover, GDP/Capita (PPP) for Hong Kong is at US$49,137, 5 times more than China’s GDP/Capita (PPP) of US$9,146. The idea of having more disposable income and ability to spend explains for the much higher sales figure in Hong Kong. With more affluent educated citizens, Hong Kong’s market may be more receptive towards health goods such as TCM. Political Differences Last but not least, the politics of Hong Kong and China could not be more contrasting. Corruption index for China is 39/100, ranked 80 while Hong Kong is ranked 14 with a score of 77/100. This again reiterates the openness of Hong Kong’s politics vis-a-vis China. Another difference we have identified would be the ASEAN-China Free Trade Agreement (ACFTA). To date, Hong Kong is not under ACFTA. But what is so puzzling is that the FTA is meant to foster strongerg bilateral trade but it seems otherwise, where EYS is faring much better in Hong Kong. ASEAN-China FTA The ASEAN-China FTA is a free trade area among the ten member states of ASEAN and came into effect on 1 January 2010. On top of the reduction of tariffs, benefits include the expansion of bilateral trade and FDI. Despite the optimistic outlook of this FTA, it seems odd that Singaporean companies such as EYS are not able to break through the wall and reap full benefits from ACFTA. Upon further research, we have identified 3 key issues that may provide an explanation of why EYS or many other Singaporean companies are not able to penetrate the China market. Huge Disparities in Income per Capita As mentioned earlier, there is a huge difference in terms of income per capita in China as compared to Singapore and Hong Kong. Because of this, many Singaporean companies are unable to shift their businesses over to  China especially when they are looking for a new target segment. Although it is cheaper to produce in China, analysts say the consumer market in China is not yet mature enough for some products as it is still a developing economy, apart from the major cities. Lack of Understanding of ACFTA and Market Information Pertaining to ASEAN Based on a study conducted by the S.Rajaratnam School of International Studies, between January and June 2010, even with ACFTA in full force, its share in China’s exports dipped from 1.4% to 1.2% amid China’s growth in exports. In addition, Singaporean companies still prefer to export their goods to China through Hong Kong and the reason for using Hong Kong as an entry point is because custom officers in some Chinese cities still lack complete understanding of the ACFTA. Thus, going through Hong Kong saves time and effort. Frequent and direct contacts between chambers of commerce and business associations of the two sides have not yet been established, resulting in lack of mutual comprehension. As a result, many Singaporean companies are relying on Guanxi to expand their business instead of depending on the supposedly economic benefits generated from ACFTA. Lack of Harmonization of Standards and Technical Requirements The lack of harmonization of standards as well as an absence of mutual recognition arrangements can constitute a barrier to trade and smooth economic cooperation. This can be seen from our case of EYS, where it took 3 years for the company to just get their healthfood and supplements approved by the authorities in China. If EYS was more well-informed about the regulatory standards or there is a mutual standard and technical regulation, it will not have to incur so much regulatory cost or take such a long time before the items are put up for sale. In addition, research showed that most of the complaints from Singaporean companies pertain to the lack of common standards, conformity assessment, sanitary and phyto-sanitary standards and other technical regulations. Besides, not only do the ASEAN companies not understand the Chinese  standards, the Chinese also find it hard to obtain necessary information from ASEAN. Although it may be argued that in the healthcare sector, it is impossible to have a universal standard or health regulations, but by simply setting a benchmark with ACFTA, can really help businesses move faster. However the effect of the ACFTA has yet to trickle down. Given the difficulty in implementing such control system, we reiterate our proposition that EYS should lean more towards informal relations in order to grow in China. Moving Forward Positive Outlook for OTC Market in China Despite the difficulties that EYS faces in penetrating the China pharmaceutical market, there is still, by and large a positive outlook and a huge incentive for EYS to enter this market. The reasons for this positivity are as follows: Shifting Consumer Preference towards   Traditional Chinese Medicine  Increasingly, the trend has been shifting towards TCM, more so than Western medicine. This is especially in light of the rising costs of Western medicine and also a â€Å"modernization† of Chinese medicine by companies such as EYS which now elevates the status of Chinese medicine. â€Å"Prevention is Better than Cure† Mindset The Chinese believe in a prevention is better than cure mindset and this is the basic selling point of TCM. Furthermore, the Chinese do tend to be more superstitious with regard to health. For example, some have the belief that if they were to enter hospitals, they would come out dead. Hence, all these social factors point in favour of a bourgeoning TCM industry in China as TCM is hardly invasive and focuses more on prevention as opposed to Western medicine which is viewed as invasive. Large OTC Prescription and   Medication Market in China  The main driver of the opportunities for EYS in China has to do with China’s massive population. Not only is there a large demand pool, it is also a growing demand pool where the Chinese are increasingly migrating to the city centres from the rural villages and there is a rising middle class which is a main market segment for EYS’ products. Overall, these main factors give great incentive for EYS to continue in its quest to penetrate the China OTC and medication market, especially if it is able to grasp and leverage on some of these factors. Recommendations In order for EYS to effectively penetrate the China market in OTC drugs and medication, we propose a 3 pronged approach that it can undertake. Firstly, it should set up a full supply chain in China which includes a factory, warehouse and distribution. Secondly, it should leverage on its exsiting technology, through which it can collaborate with the Chinese government. Third, it has to engage to local community through hiring and acquisition in order to gain a foothold in China, otherwise known as Guanxi. Supply Chain and Factory As mentioned earlier in the report, what is stopping EYS from being able to sell and promote their medication and OTC drugs is the fact that they are not producing in China. Hence, the only way for them forward would be indeed to set up an entire distribution network in China. While it involves heavy costs and has a long time horizon, it would not only allow them to be present in China but also put them in good stead for the future. A local distribution system would lead to higher economies of scale, allowing them to further grow and develop. We therefore see this as an essential step that EYS has to undertake in order for it to penetrate the market in China, despite its high initial costs and long process. Technology: iGATES and GAP iGates is an initiative by EYS to fingerprint and track all the Chinese medicine and herbs on its database. It is regulated and approved by the  World Health Organization (WHO) and legitimizes all the drugs that are concocted by EYS. The fact that this database is regulated by WHO is a great advantage to EYS as it can use it as a strong bargaining chip with the Chinese authorities in its plan to expand into China. This is because EYS can share this database with the Chinese companies who could then use this in order to market their products overseas, which at the moment they are not able to. Local Engagement The inevitable concept of â€Å"Guanxi† cannot be ignored when doing business in China, and EYS is no exception. Our last recommendation for EYS would be for it to follow the example of Pharmesis Ltd. and ensure links with the Chinese political elite. They could go down the same route by hiring a board member with strong political links, or it could acquire smaller TCM firms in China on which it can leverage. Having such links would greatly accelerate its ability to penetrate the China market and also eliminate unnecessary red tape. Conclusion Based on our findings in the report, it is evident and undeniable that while China is a very attractive prospect for EYS to expand into, there are many significant challenges and hurdles that it has to overcome. It is imperative that EYS is able to understand and appreciate these if it were to be successful in China. Our recommendation is that EYS take its involvement in China step further through our 3-pronged approach as outlined in the report. However, it has to ensure that it has a concrete and thorough plan as its investment in China will not reap immediate dividends. It is an investment that requires much time and effort in order to cultivate, especially since China already has many existing TCM service providers. EYS has to leverage on its global brand name and its advanced technologies. This, combined with an acute understanding of the various nuances in China, would make EYS an almost unstoppable force not only in China, but the entire region.