Competencies &amp Essay Example for Free

Competencies amp Essay 1) Legal and regulatory factors: The medical device industry is classified as class 3 , high risk implant so its obvious that a lot of investment goes into testing and experiments with sufficient evidences to prove its safety in-vivo. There are instances when a device fails and a single lawsuit causes the entire company to close down. Thus its advisable to invest time and money , before taking the implant out to the market 2) Investment of Time Money: As approval process is a long drawn procedure, it is necessary to have well trained quality managers and regulatory system advisors as employees. Sometimes services of external consultants or Regulatory advising companies might be used. 3) In-house surgeons/medical practitioners: As these devices cater to specific ailments and are highly specialized, it is important that we have in-house surgeons to understand the requirements of a product before we begin to design it. Infact the engineers and the surgeons should work hand in hand to come up with a better product. The crucial factors which determines success in biomedical industry. 1) Availability of constant flow of Funds: For a new product to be in market, it might take 3-4 yrs, so during this period there should be a constant supply of funds to pay the employees and keep the company running. 2) Excellent marketing strategies : Its important that these products are marketed through right channels, thus its highly imperative that the products are showcased at various trade shows/conferences 3) Understanding the regulatory process: The main aim would be to bring the product soon to the market, by making a full-proof plan before the submission process for approval, as this phase is the lengthiest of all the processes. D. PEST ANALYSIS: Scope of Growth: The medical device industry out here thrives on reverse engineering concept the result is a number of ME TOO products. Infact companies end up investing on buying patents from European and American companies and do not believe in investing money for research and development of such products. There is huge market to be tapped as there is a lot of demand for these products most of which is imported from the Europe and the U. S. This area being the fastest growing market, the projected growth is expected to touch up to $16 billion in 2015 revenues. Source: Millennium Research Group. Spine Care Segments 2015 There is expected to be an increase in surgical treatment options, like facet replacement and dynamic stabilization procedures, which will likely be more acceptable to patients, perhaps doubling the % of patients accepting surgery from 3. 6% to 7% of a much larger, elderly population. As clinical results improve, this market is expected to continue to grow 20% per year and offer a tremendous opportunity to companies with innovative product lines. In 2015, industry experts project lumbar fusions will not grow, but stay at the same 2006 level of 400,000 procedures; dynamic stabilization devices will grow from 25,000 to 250,000 cases; and artificial lumbar and cervical discs grow from 25,000 to 600,000 cases, as these new procedures begin to replace spinal fusion. PART 2: A: BUSINESS OWNERSHIP: Sole proprietorship is a one-person business is registered with the state like a limited liability company (LLC) or corporation. Legally, a sole proprietorship is inseparable from its owner the business and the owner are one and the same. This means the owner of the business reports business income and losses on his or her personal tax return and is personally liable for any business-related obligations, such as debts or court judgments. This accounts 74% of all USA businesses and for 6% of all sales in USA. Advantages: (1) decisions are made by only the owner; (2) simple process to start – just get a business license (3) profits belong to the owner; (4) pride of ownership; (5) lower taxes. Disadvantages: (1) unlimited liability (2) limited life of business (3) difficult to raise capital for business; (4) risk of lost is not shared. Partnership: a partnership is simply a business owned by two or more people Just like in a sole proprietorship, the partnerships owners pay taxes on their shares of the business income on their personal tax returns and they are each personally liable for the entire amount of any business debts and claims. 8% of all USA businesses are partnerships and accounts for 4% of all sales in USA Advantages: (1) easy to start (2) not many regulations; (3) not as difficult to raise capital for business; (4) combination of knowledge and skills. Disadvantages: (1) unlimited liability; (2) profits are shared; (3) limited life of the business; (4) disagreements Incorporation: Though forming a corporation is a bit more complicated and costly, but it is well worth the trouble for some small businesses. The main benefit of an LLC or a corporation is that these structures limit the owners personal liability for business debts and court judgments against the business. What sets the corporation apart from all other types of businesses is that a corporation is an independent legal and tax entity, separate from the people who own, control and manage it. Because of this separate status, the owners of a corporation dont use their personal tax returns to pay tax on corporate profits the corporation itself pays these taxes. Owners pay personal income tax only on money they draw from the corporation in the form of salaries, bonuses, and the like. Corporations make sense for business owners who either (1) run a risk of being sued by customers or of piling up a lot of business debts, or (2) have substantial personal assets they want to protect from business creditors. 18% of all USA businesses are corporations and accounts for 90% of all sales in USA. Advantages: (1) easy to raise capital (2) limited liability; (3) unlimited life of business; (4) Can hire specialized skills and knowledge; (5) shared risks. Disadvantages: (1) difficult to start; (2) less direct control; (3) double taxation: corporate tax and individual tax (4) limited activity. Franchising: Franchises are in which individual businessmen or people buy a well established business, but a certain percentage goes back to the corporation. Franchises must adhere to the corporate regulations. (McDonalds, Krispy Cream, Starbucks). Acquisition/Mergers: In this two companies merge together(merger) or a big company acquires a small innovative company giving rise to an acquisition. The best option to go with would be setting up a corporation or a LLC rather to start. The limited liability company or LLC is a relatively new form of doing business which is now recognized in most states. The LLC has grown in popularity because it combines the best features of a corporation and a partnership. Like a corporation, the owners (called members) of the LLC are not personally responsible for the debts of the LLC. Like a partnership, there is no dual taxation and the earnings of the business are taxed directly to the members. The LLC is also preferable in many ways to the S corporation, which also avoids personal liability and dual taxation. The LLC is not subject to most of the limitations which are imposed on corporations by applicable law. For example, while an corporation is not allowed to have more than one type or class of stock ownership and is not allowed to have more than 75 shareholders, the LLC is not subject to such limitations. Overall, the LLC simply allows more flexibility in the structure, operation and management of the business than does the S corporation. LLCs are similar to corporations because they also provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business income on their personal tax returns.

Republiacns! Unfavorable Acts Caused The Rise Of The Kkk :: essays research papers

Republiacns! Unfavorable Acts Caused The Rise of The KKK The years after the civil war were frustrating times for the Americans. New laws and rules were posted for which to abide by and due to the outcome of the civil war, the people from the south had now to accept the new slavery laws issued by the political parties and congress. This created turmoil amongst both northerners, who mostly were against slavery, and southerners. This was also true for both political parties that consisted of the Republicans and the Democratics. Again the issue was always on the rights of blacks. The battles with certain individuals who felt it their duty to stand up for their idea of what the American way was. In 1866, just a year after the civil war, six confederate veterans formed a social club in the small town of Pulaski Tennessee. These men were set out to perpetuate white supremacy through out the south. The social club became official. The members came up with the name of Ku Klux Klan. It was a name taken from the Greek word "Kuklos" which means circle. They came up with rituals copied from college fraternities. They also assigned positions to special members. They were composed of the Grand Cyclop, The President, the Grand Magi, the vice-president, and the Grand Exchequer, the treasurer. The Klansmen adopt a uniform. The uniforms were white, long robes, White masks, And high pointed hats. ( Ingalls, Hoods 3 ) Adopted during 1866-67, the Republican party's Reconstruction program threatened to turn southern society upside down. The promise of equal rights for blacks flew in the face of the widely held opinion of the white Southerners that the black race was innately inferior. This deep-seated racist belief had served to justify slavery, and it remained a major obstacle to uplifting blacks after the civil war. Indeed, Antiblack hatred drove some whites to extreme measures to resist Reconstruction. ( Ingalls, Hoods 6 ) The Republicans feared that barrings the blacks from politics would make the Democratics Party dominant again in the south and in congress. Congress divided the south into five military districts controlled by martial law. It took the vote away from large numbers of rebel whites. It declared that all black men could vote and hold office. And it ordered the rebel states to write new and democratic constitutions. Since Tennessee had become the first southern state to give black men and freed slaves the right to vote, it became most affected. ( Meltzer, 23 ) With the republican party controlling state government, exconfederates began to take up arms to oppose Reconstruction.

Advantages of buying a casket now

Death is perhaps the most feared topics of all that people can talk about. Its not that by avoiding it we will thus not die, but most people are superstitious about it and think that by avoiding discussing it then they are driving themselves away from it as possible.The issue goes beyond discussing death and includes preparing for it. Human culture in most societies has it that death is an issue best left to some supreme unknown powers and forces, and any behavior or actions that contravenes this acts in inviting death.Rimpoche (2001) states that the best way to prepare for death in our lifetime is by living life and practicing the vices of life such as patience, love and compassion. It is therefore indispensable to ignore death and considering preparation for its occurrence is as important as living life.Considering preparing for death as building a solid foundation for your death, planning for death today is one of the most important investments one can accord himself. One of the m ajor steps towards this preparation is buying a casket today.Buying a casket today has a lot of advantages that can be foregone if this simple decision is left for another day. Buying a casket involves making choices that depend most on one’s tastes and preferences on such factors as the casket’s color, design and other personal factors. One of the advantages of buying a casket now is to avoid the last minute purchase which is usually influenced by grieving.Most decisions about funeral purchases are made by people when grieving. This affects their choice and in the end what is picked up may not be the ideal casket one would want to be buried in. Further more, purchasing a casket during the grieving period is hindered by time constraints and inadequate variety to choose from.Another factor to consider is that funeral service providers make things expensive just when they know you need them the most and you have very little in terms of choice and options.This can be avoi ded if the purchase is done well before that time comes and that time is now. This is an issue of saving money and is therefore an advantage worth considering. Saving money on the casket can also be achieved by making the choice to purchase the casket now.This is because the purchase will be able to be done from a store of your choice and discounting be discussed. It will also be a big relief to family members or friends who would have to take up the task of finding a casket for you. Every person knows their choice and preference and being able to exercise this is usually given high respect.Having somebody else pick out your casket may be a big task to him, not knowing whether you will be truly happy with the casket or not. Buying the casket yourself today will help in avoiding this situation and at the same time allow one to pick a casket of their choice.The choice for one’s casket is can be done today and the advantages of doing so today are much more than those of postponi ng the task. Prices for most commodities never go down but keep on going up instead. Buying a casket of your choice today can help avoid future expectations in price increases of caskets. It is also an advisable consideration when one wants to make all the preparations concerning their after life.People always make preparations for all events in their lives and so preparing for their death is not a different matter. It is just a phase of life, just like wedding is, and the advantages one derives from buying their wedding gowns way before the wedding day comes are more or less similar to the advantages one would reap from buying their casket today, way before their burial day arrives.People need to realize these benefits and change their casket purchasing habits and plans to save on a lot of costs that would be unavoidable if done otherwise.The place one will lie after their death is as important as the bed they lie today, and just as much as a person loves a certain bed, that it the same way one should love the casket they will lie in. Loving the casket begins with buying it now, for that will ensure you will use a casket of your choice, not an imposed one.Reference.Rimpoche, G., (2001). Good life, good death. New York, U.S.A; Riverhead Books. Â  

Language And Gender Of The Workplace - 842 Words

Language and Gender in the Workplace The most common form of verbal communication is language. The continuous changing world, along with culture, often times controls how language develops and is used individually. The gender of a person may also amount to how language is used differently. To establish a common ground in word terminology, gender defines the social construct and expectations, not the biological differences, in humans (sex). Language and gender play vital roles in the workplace. By nature, men and women are different. However, when language is involved, men and women use different vocabulary to get their message across to others. â€Å"In a study involving a role-playing investigation, women used more intensive adverbs†¦ than men when communicating† (Knight 116). Women often times do use expressive and eloquent vocabulary, while men use straightforward words to deliver their message. For instance, rather than using â€Å"good† to describe someoneâ₠¬â„¢s performance, women might use â€Å"extraordinary, brilliant†. Vocabulary used by men tends to be vague and impassive. An emotion filled vocabulary is another element that furthermore exhibits how men and women communicate distinctively. By all means, women risk losing their credibility by being emotional in the workplace. They are frowned upon and seen as unsuited for the job. For example, some businesswomen may want to help others feel enthusiastic about a project by using emotion filled words and yet the reaction they getShow MoreRelatedBody Language and Gender Communications Essay732 Words   |  3 PagesBody Language and Gender Communication in the Workplace Ella Sue Duty Everest University MAR 2305-Week 4 Professor Walker Body Language and Gender Communication in the Workplace Body Language Facial expressions, head movements, body posture and actions, clothing, mannerisms and personality behaviors are signs of body language. Positive body language in the workplace helps others to perceive you as honest and open to ideas. Usually in the first 30 seconds, most people have already formedRead MoreGender Discrimination : An Ethical Problem Essay1043 Words   |  5 PagesAbstract: Gender Discrimination is a type of discrimination where basing on a particular person’s gender (or) sex a person is discriminated, majorly this type of discrimination is faced by women and girls. In this globalized world, where interaction between two individuals became easy as seams of finger touch and where we always debate, speak about the equality rights for men and women, we still see many instances of many individuals being discriminated based on the gender difference. This paperRead MoreGender Roles Of Women And Men Essay1485 Words   |  6 PagesAbstract Through many generations women were not treated equally as men. Women have fought their way to have gender equality but it has been slowly progressing. More women are starting to have high ranked jobs, more have been going into the workforce and don’t have to stay home all day long to take care of the kids. There are many differences between the gender roles (how women and men act or how they should be) when it comes to certain things. Like if you tell a girl, she hits like a boy or tellRead MoreLeadership Prejudices of Men and Women in the Workplace Essay1592 Words   |  7 Pagespaper will take a symbolic interactionist perspective to contrast the different leadership prejudices of men and women in the workplace. The age-old debate of inequality for women in executive position will now be examined through online periodicals that show gender stereotypes in the workforce, different strategies men and women use to break the glass ceiling of the workplace, a focus on the inter actions and reactions of a male Chief Executive Officer (CEO) versus a female CEO, leadership prejudicesRead MoreWhat Makes A Successful Business?1136 Words   |  5 Pagesimportance of bringing diversity into the workforce. To be able to obtain knowledge and strength from others individual traits shows deep facets in character. These traits show when working with individuals of many cultures and backgrounds in the workplace. A leader who has this ability can handle everyone uniquely and ethically and is in tune with what differentiates one associate from the next. Once one has a grasp on who they are then can one expect to lead a diverse team. Many diversities includeRead MoreDiversity in the Workplace at Sunway Holdings1207 Words   |  5 Pages ( Sustainability Report, 2011) As Sunway is one of Malaysia’s most recognised and outstanding groups with more than 8000 employees over 40 locations worldwide, issues of cultural diversity in workplace has been challenged. Cultural Diversity in Sunway’s Workplace Sunway embrace diversity at the workplace by employing people from different backgrounds to have a better understanding of today’s dynamic market demographics. Since there is a diverse workforce, the employees play an important role inRead MoreCommunication For Diversity, Gender Barriers, And Tools For Managers854 Words   |  4 PagesThis particular article entitled â€Å"Communication for Diversity†, talked about three specific things: Global communication barriers, Gender communication barriers, and tools for managers to overcome barriers. Managing a diverse workforce that is spread widely, presents unique challenges for today’s managers. Despite many obstacles, managers must be sensitive to various cultural values and traditions associated with the employees they manage. For instance, â€Å"Japanese culture favors consensus decision-makingRead MoreConflicts And Conflict Resolution Process1671 Words   |  7 PagesConflicts are inevitable in any human sâ₠¬â„¢ interaction which makes their occurrence normal in the workplace. Conflict can be caused by imbalance of power and communication barriers that arise from the social structure or individual interpersonal’ perceptions, assumptions and expectations. The interpersonal conflict has a huge impact on the individual himself and extends to the workplace. The Human Resources (HR) role comes in light to attempt to help in the conflict resolution process. Human resourcesRead MoreThis Essay Will Be Discussing The Forms Of Communication1513 Words   |  7 Pagesdistortion among. By utilising these methods of communication I can successfully organise my responsibilities in the workplace environment and maintain workplace cohesion with my co-workers and employers. As a museum curator the ability to communicate professionally will be absolutely necessary in order to maintain an organised workplace. In order to ensure that communication in the workplace functions to optimal capacity organisation of communicative channels and division of responsibilities is fundamentalRead MoreOvercoming Obstacles in a Diverse Workplace1241 Words   |  5 PagesDiversity in the workplace is not a new idea or concept. From the late 1800’s to the early 1900’s the majority of people living in the United States were immigrants from other countries including Italy, Russia, and Ireland. Each of the members from these countries spoke different languages, came from different cultures, and had different customs and work ethics. Acceptance to them was fought for in the workplace in industries such as coal, steel, automobile manufacturing, and other labor forces