SOAS - University of London Essay Example for Free

SOAS University of London Essay 1. Introduction Barclays PLC is one of the celebrated multinational bank holding companies, which has had a comprehensive international commercial impact in the worldwide. The first Barclays Bank was established on Lombard Street, London in 1862 (Barclays PLC Annual Report 2009), the group total income attained 32.292 million pounds in 2011. This report mainly analyses the environment and strategies of Barclays plc. Vision, Mission and value Vision: Barclays wants to set up an integrated universal banking model, possess diversification by business, geography, client and funding, as well as maintain an unremitting focus on customers and clients. Mission: Barclays Bank aims to â€Å"assistance people achieve their ambitions with right methods† (Barclays.com). Value: As Antony Jenkins, Chief Executive of Barclays Group (Barclays.com) represented, their corporate goal is to become a ‘Go-To’ bank for all stakeholders by setting up their own mode of thinking, working and acting in order to guarantee that consumers’ and clients’ demands are the central of operations. 2. Formal organization Barclays PLC partitioned into four major areas. Barclays Capital (BC) has the highest percentage of total income in the last decade compared to the other branches. BC is the investment banking department, offering clients a full scope of solutions to cater to their strategic advisory, financing and risk management needs. In September 2008, the financial crisis resulted in the collapse of Lehman Brothers Holding Inc  (LBHI), which BC then purchased and incorporated into the investment department, which lead in turn to a substantial increase in BC’s business and impact. Barclays Corporate provides integrated banking solutions to large corporate and financial organization internationally. Barclays Wealth focuses on private and intermediary clients worldwide, providing international and private banking, fiduciary services and brokerage. Investment Management was sold on 1st December 2009. However it used to manage the Group’s economic interest in Blackrock, Inc and the residual elements relating to Barclays Global Inve stors. Organizational structures Barclays implements the functional structure and product and geographical structure. Leadership is partitioned into three main sections: Board of Directors, Executive Committee and Chief Executive. The Board’s primary duty is to advance the long-term success by creating and delivering sustainable shareholder value. In setting and supervising the performance of strategy, the Board schedules ensure that the system is efficiently and highly administrable. Furthermore, the accurate risk management and regulatory oversight process of the Board are the center of organization, which delivers growth in a controlled and sustainable way. The Board of Directors includes Group Chairman, Chief Executive and non-executive Directors (Barclays Annual Report 2011 p13), their duty is to advise and constructively challenge management and supervise the success of the company. The Board representatives have obligations to the â€Å"day-to-day management of the Group to the Chief Executive† (Barclays Annual report 2011), who is turn in accountable for ensuring that the company is operating efficiently while conforming to the strategy and risk to the requirements. Barclays’ hierarchy clearly delegates responsibility for the management for all tasks. Utilizing functional organization encouraged specialized management and work efficiency, each department performance its functions. Furthermore, district directors are â€Å"responsible for the operation of the division and may be accountable for its profitability† (Hannagan T. 2008 p279), in overseas markets. The latter structure provides adequate control of wide-ranging areas of business and applies to employees with different qualifications, experiences and backgrounds. This structure avoids  over-centralization to a certain extent, allowing it to fit into different markets, due to the f act that the Group must rely on individuals to take actions to improve operations rather than handing down directives. 3. The Environment analysis PESTEL analysis PESTEL framework helps managers to categorize external impacts into six main areas and understand the key drivers of change to adjust the strategy. (Johnson,G. Scholes, K. 2009) Political: The Financial Times (Norris. F 2012) indicated that Barclays had been involved in a political storm owing to suspicion surrounding is manipulation of the London Interbank offered rate (LIBOR). LIBOR is one of the benchmark rates that form the operational bedrock of futures contracts, bulk commodity trading, individual consumption loans and Secured Line of credit. The action of Barclays may affect the policies of Central Banks, for instance Swiss National Bank, Bank of England and European Central Bank (ECB). The outside pressure might threaten the reputation of Barclays, which may encounter extensive lawsuit from the world’s largest banking groups as a result (Treanor J. 30.10.2013). Economic: â€Å"Market conditions in 2011 were particularly difficult as investors’ nervousness over global economic growth prospects grew and concerns about the fiscal deficit of certain Euro-zone countries became acute.† (Marcus Agius Group Chairman 2011) Since the economic resurgence impacted the share prices of banks by the Euro-zone debt crisis, Euro-group leaders committing to a system of enforceable fiscal rules for the repayment of their debt. Moreover, the action of the ECB to provide liquidity support to banks has helped boost confidence and the European downturn has shown a moderate upward trend. Social: Bob Diamond (Barclays Annual Report 2011) mentioned that banks need to become better citizens, not only because out of a sense of pure philanthropy, but also in order to deliver real commercial benefits in a way that creates actual value for society. Moreover, Barclays became the title sponsor of Barclays Premier League and Barclays Singapore Open Golf since 2004 and 2011 respectively. Technological: Barclays has strengthened the programming of IT system for effective, accurate and humanized services. Barclays chief Antony Jenkins has used several presentations to the public to announce his company’s great use of IT techniques that might prevent a ‘colossal mistake’ that would abolish 1,700 operating posts. (Treanor 2013) Environment: Barclays assists renewable energy firms in accessing finance from the capital markets and offers advisory services across the sector. In Ireland (Barclays Annual Report 2010 p27), Barclays has supported the erection of onshore wind farms and has played a strategic financing role in vital energy infrastructure project. Legal: UK promulgated Banking Act at 2009, strengthened the protection of depositors, formulated the bankruptcy institution, improved the Financial Services Compensation Scheme and remedied the institutional deficiency. To sum up, according to the PESTEL, the external impacts such as economic resurgence, social status, legal protection and world investment system are conductive to the further development, since the position and role of Barclays are relatively stable. 4. The strategic fit between the organization and environment Capital strategy and risk management are the core components of Barclays PLC, which aims to achieve the maximization of shareholder’s value. Barclays provides a feasible service by offering sufficient financial support to cover the Group’s existing and forecasted business requirements and correlative risks (Barclays Annual Report 2011 p41). The finance department guarantees that the Group and its legal subsidiaries possess sufficient capital and analyzes the possible hazards that may arise under the stressed conditions. Furthermore, the post-supervision department supports Barclays’ service rating, Group growth, environment changes and market. Risk management is highlighted by the Barclays PLC as one of its most important strategies. Its task is to: Identify and profile the significant risks of management’s new policies, ensure the operability of infrastructure to sustain the business growth, thereby pledging the financial returns remain feasibly deliverable under a range of business situations. â€Å"Optimize risk return decisions by taking them as closely as possible to the business, while establishing  strong and independent review and challenge structure.†(Barclays PLC Annual report 2010) Help executives and advisers improve and explain the further development and market positioning of the Group. (Murphy. D.2007) Porter 5 forces Porter’s diamond focuses on the internal impacts of market by analyzing the level of threats, suggests the inherent reasons why some nations are more competitive than others. Bargaining Power of Suppliers: The main suppliers to Barclays are equipment and technology services corporations. However, the bargaining power of these suppliers only represents a medium level of risk. The strategies are covered under building appropriate, strong and stable relationships with suppliers. Bargaining Power of Customers: Customers focus on the future benefits, appropriate human resource of the specific services and probable risks; hence they need some comparison with other banks that also provide the similar banking products. The power represents a medium level of risk. Threat of new entrants: Banking industry is an active business, and as such new entrance into the field could strongly influence the performance of Barclays on different levels, resulting in policy changes. Therefore, new entrants represent an area of high risk. Barclays’ strategies for mitigating this risk emphasize four points: guaranteeing the stability of each branch, enhancing capital usage efficiency, ensuring service quality, and pledging long-time running. Threat of Substitutes: Banking products have homologous functions with diverse emphasis. Consequently, this threat is low for the banking industry. Competitive Rivalry between Existing Players: This item includes regulatory risk and new products development. Regulatory risk arises from an inability to comply completely with the laws, regulations or criterion applicable especially to the financial services industry, such as general changes in regulatory policy, competition and pricing conditions, non-performing loan ratio and local consumers or depositor compensation. This bargaining power is at a high level. To summarize, Barclays should focus on the new entrants and existing competition by improve service and products quality, increase diversity  index, in order to promote market expansion. 5. Recommendations To preserve their position as the market leader, according to the analysis, Barclays needs to monitor the impact of regulatory changes. That might restrict the company’s project activities, results in the growing accounting cost and may impact the overall income of the Group as well as its social impact. In addition, introducing a non- risk leverage assessment system based on the value chain and risk management, available for evaluate the feasibility of the strategies and capital budgeting. Moreover, Barclays must improve their credit rating, as the scandal directly affected the investors’ psychology and the risk perceived by the public, resulting in a crisis of confidence. 6.1 References Barclays (2009) Barclays Annual Report 2009 [Online] Available at: http://www.barclays.com/annualreport09.pdf [Accessed 10th March 2010] Barclays PLC Official website Available at: http://www.barclays.co.uk Norris, F. (2012) The New York Times: ‘Bank’s Ability to Rig Rates Shows Need for Change.’[Online] Available at: http://www.cn.nytimes.com [Accessed 12th July 2012] Johnson, G., Scholes, K.,(2009) Exploring Corporate Strategy, London; FT. Prentice Hall. pp65. Treanor, J. (2013) The Guardian: ‘Barclays assisting with investigation into currency market manipulation’, [Online] Available at: http://www.theguardian.com/business/2013/oct/30/barclays-cooperating-investigation-manipulation-currency-markets [Accessed 30th October 2013] Barclays (2011) Barclays Annual Report 2011 [Online] Available at: http://www.barclays.com/annualreport11.pdf [Accessed 08th March 2012] Treanor, J. (2013) The Guardian: ‘Barclays warned of ‘colossal mistake’ with plan to cut 1,700 branch jobs’. [Online] Available at: http://www.theguardian.com/business/2013/nov/14/barclays-warned-mistake-cut-17 00-branch-jobs [Accessed 14th November 2013] Barclays (2010) Barclays Annual Report 2010 [Online] Available at: http://www.barclays.com/ammia;report10.pdf [Accessed 10th March 2011] Hannagan, T.,(2008). Management- concepts Practices, London: FT Prentice Hall. PP279 Murphy. D.,(2009). Understand Risk: The Theory and Practice of Financial Risk Management, London: Chapman Hall/CRC. PP39-46 6.2 Bibliography Ackrill M. Hannah L. (2011) Barclays: The Business of Banking, Cambridge: Cambridge University Press. Alan, M. (2008) The Oxford Handbook of International Business. New York: Oxford University Press. Campbell, D. Stonehouse, G. Houston, B. (2008) Business Strategy. Oxford: Elsevier Ltd Press. Economist: www.economist.com Observer: www.theguardian.com Barclays (2012) Barclays Annual Report 2012 [Online] Available at: http://www.barclays.com/ammia;report12.pdf [Accessed 8th March 2013]

Gilgamesh is a Failure in the Epic of Gilgamesh Essay -- essays resear

After reading The Epic of Gilgamesh, I have come to realize that Gilgamesh is not a hero, but a failure. His journey does not follow the traditional circular hero’s journey and he does not posses the traits that an admirable hero should have. The first part of the hero’s journey is the call to adventure. This is the voyage that the hero is asked to go on in order to accomplish greater good for human kind. This is the hero’s chance to help his or her community, family or friends by embarking on a long journey and challenging his, or herself. Gilgamesh does not go on a journey to help others, he goes to make himself look better. â€Å" I have not established my name stamped on bricks as my destiny decreed, therefore I will go to the country where the cedar is felled† (page 70). This passage shows that the only reason that Gilgamesh wants to go on a journey is for fame and popularity. The next two parts of the hero’s journey are the trials and the mentors. Gilgamesh’s journey has both of these components, however, he does not go through them as a hero should. In his trials, he ends up h... Gilgamesh is a Failure in the Epic of Gilgamesh Essay -- essays resear After reading The Epic of Gilgamesh, I have come to realize that Gilgamesh is not a hero, but a failure. His journey does not follow the traditional circular hero’s journey and he does not posses the traits that an admirable hero should have. The first part of the hero’s journey is the call to adventure. This is the voyage that the hero is asked to go on in order to accomplish greater good for human kind. This is the hero’s chance to help his or her community, family or friends by embarking on a long journey and challenging his, or herself. Gilgamesh does not go on a journey to help others, he goes to make himself look better. â€Å" I have not established my name stamped on bricks as my destiny decreed, therefore I will go to the country where the cedar is felled† (page 70). This passage shows that the only reason that Gilgamesh wants to go on a journey is for fame and popularity. The next two parts of the hero’s journey are the trials and the mentors. Gilgamesh’s journey has both of these components, however, he does not go through them as a hero should. In his trials, he ends up h...

Powdered Milk as Casein Glue

Powdered Milk as Casein (Anacardium Occidentale) Used as Alternative Glue A Research Paper Submitted to the Faculty of Victorious Christian Montessori – Imus Block 11 Lot 36 Tacloban St. Southern City Tanzang Luma, Imus Cavite In Partial Fulfillment of The Requirements for Graduation (Grade School) Rachelle Ann Calaustro Dylan Andrei Paus March 2O13 DEFINE INTRODUCTION In our Grade School Life, we are really going to need glue. First problem is some of students can’t afford expensive glue because of difficulty in money; the effect is, now the students are enabled to do their project or artwork because of lack of glue.The second problem, glue can be a risk for the children to use because some of glue has toxic chemicals that can harm them. And the researchers don’t want that to happen. The researchers thought of an idea that will solve the problems of many people. So the researchers come up with the idea of using Powdered Milk as Casein Glue. This glue is non-toxi c and is eco-friendly. This cannot harm the children and is much cheaper than the glue that is sold in the stores because some of the ingredients can usually find in the house. It becomes ore interesting for the children to use it because we add some coloring in them. Project Charter Objectives 1. To provide glue that is non-toxic so it won’t be a risk for the children/people to use it. To test and compare the level of adhesiveness, texture, color and odor perceived by the selected users ( Pupils and Teachers ) Significance of the Study The researchers believed that the result of this study benefited the following: 1. To the Students. This will help the students in their project or artworks in class or in the house. 2. To the Kids.This will not harm the kids if they accidentally eat it. 3. To the People. This will help them to consider our glue instead of other glue. 4. Researchers. This will help them to analyze what is the importance of making an eco-friendly project. Scope and Delimitation (Focus and Directions) The study covers only to produce and test the effectiveness of powdered milk as casein glue. DEFINITION OF TERMS Curd-  are a  dairy product  obtained by  curdling  (coagulating)  milk  with  rennet  or an edible acidic  substance such as  lemon juice  or  vinegar, and then draining off the liquid portion.The increased acidity causes the milk proteins (casein) to tangle into solid masses, or  curds. Coagulate- To cause transformation of (a liquid or solid) into or as if into a soft, semisolid, or solid mass. Casein (AnacardiumOccidentale) -is a protein that is found in milk and used independently in many foods as a binding agent. Technically, it is part of a group called  phosphoproteins, collections of proteins bound to something containing phosphoric acid. It may also be called  caseinogens, particularly in Europen food. Ingredients and Materials Needed Powdered milk |White Vinegar | |Baking soda | Water | |Food Coloring |Sieve | |Container |Measuring Cups Procedure: 1. Heat a casserole with 168 grams of milk powder and 1 liter of water. 2. Stir the milk powder until everything is dissolved. 3.Turn off the stove, and then add 56 ml vinegar. 4. After stirring, separate the curd from the whey using a sieve. 5. Place the curd into a pan then add little water and a tablespoon of baking soda. 6. Heat the mixture until it starts to bubble. Stir it and let it cool. 7. Add drops of food color until you get the right color that you want. 8. Put it in the container then put it in the refrigerator to let it cool. MEASURE |MATERIALS: |COST: | |Powdered Milk 80 g. |23. 50 Php | |Baking Soda 125 g. No budget required | |White Vinegar |No budget required | |Food Color (optional) 20 ml |No budget required | |Water |No budget required | |Sieve |No budget required | |Container |10. 00 Php | Methodology Method of Research The method that we used is descriptive research. Method of Collecting Dat a The researchers collect the information and data mostly in the market and in the house. Another method of collecting data used was survey. Time and Place of Study The study was conducted in the Victorious Christian Montessori- Imus. Statistical ToolsThe following are the statistical tools that used in this research as an instrument basis for quantitative analysis, sufficient interpretation of an existing data. A. Frequency – it is a statistical treatment wherein data are organized and counted into a desired form. B. Percentages – the percentages of a given frequency is obtained by dividing the frequency with the total number of frequencies or number of population then multiply the quotient by 100. The formula is: F P= ——– x 100 N Where: P = percentage F = frequency N = total number of respondents Advantages of Powdered Milk as Casein(AnacardiumOccidentale) used as an Alternative Glue: 1.It is safe for the children to use because it’s only made of milk. 2. It is environmentally friendly because we don’t use chemicals that can harm the environment. 3. It’s easy to prepare. 4. It has pleasant odor than the one that is sold in the bookstore. Disadvantages of Powdered Milk as Casein (AnacardiumOccidentale) used as an Alternative Glue: 1. It’s not quick to dry. Summary The researchers conduct this study to determine if the glue made of milk powder is really effective. The researchers found out that it is only craft glue which means it is effective on different kinds of paper and other things for art. The descriptive research was conducted at Block 11 Lot 36 Tacloban St.Southern City, Tanzang Luma, Imus, Cavite. The milk powder has protein casein. Liquid casein is natural glue that’s why milk is able to be glue. Another method of collecting data used was a survey. It was used for the respondents so they can test it if it really works. We prepare survey forms for the respondents, and every survey form has written questionnaire that they would have to answer while testing the produced product and the commercialized product. As we did the survey some of them have negative answers while the other has positive answers. Conclusion The following conclusion has been made after undertaking and studying the survey forms.According to the survey 10 out of 12 agrees that our produced product has strong adhesiveness and 2 out 12 says that it has only moderate adhesiveness. On the Level of Texture there are 11 out of 12 who says that it is smooth and there are 1 out of 12 that says it is slightly rough. On the Level of Color 11 out of 12 respondents says that it has bright color and 1 of 12 respondents says that it has dull color. On the Level of Odor 10 out of 12 says that it has pleasant odor and 2 out 12 says that it has unpleasant odor. Recommendation We recommend the students and children to use it because it doesn’t have chemicals that can harm them. We recommend using the gl ue only for art materials. It’s easier to do this at home instead at school.

Police Officers Protect And Serve - 1173 Words

Police officers protect and serve. They have many duties like helping people, arresting criminals, investigating crimes and providing security. Police officers put themselves on line every day to protect their community. Police officers get a lot of attention in the media for using deadly force and excessive force. They may feel they are being criticized for everything they do. When police use deadly force, they usually make a split second decision to take someone’s life when they feel their own life is in danger. When a police officer uses deadly force, â€Å"the media is quick to point out the race of the officer, the race of the suspect and whether or not the suspect had a weapon† (Crosby). This can make it seem that all police officers are racist and are killing because of race. Today, many deadly force encounters seem to involve white officers and minorities. According to Dr. Laurence Miller, this is primarily due to the demographics of high crime communities, which usually have a majority white department and minority citizens. In these communities, young black males are more likely to be affected by deadly force encounters. However, in mostly white neighborhoods, the perpetrators will most likely be white males and in mostly black neighborhoods, they will likely be black males. However, cops are humans. They have prejudices and bias just like everyone else. They have flaws and make mistakes. There are some cops that are racist just like there are racist teachers,Show MoreRelatedPolice Brutality Has Affected American Citizens855 Words   |  4 Pagesâ€Å"To Protect and Serve† (Dorobek) is the official motto of the American Police Academy and to do that requires a balanced relationship of trust and support between police officers and the people they serve. 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