13th Documentary Film - Free Essay Example

Sample details Pages: 1 Words: 308 Downloads: 1 Date added: 2018/12/29 Category Cinematographic Art Essay Type Review Level High school Tags: Movie Essay Slavery Essay Did you like this example? Introduction Being a colored person in America has for a long time been one of the biggest catastrophes in life an individual can experience. White supremacists and a country marred with racial prejudices has been the struggles of every black man in America. The law has been amended over and over to accommodate African-Americans but institutional racism and other prejudices against the people of color have been able to mutate and find their way back into the system. Don’t waste time! Our writers will create an original "13th Documentary Film" essay for you Create order Various people have tried to showcase it and Ava Duvernay, through her film Documentary 13th explores this theme especially on mass incarcerations. When slavery was abolished, African-Americans got a new lease of life, this is because they were allowed to self-emancipate and live normal lives. Black people have since then made milestones, however, the skewed criminal justice system of America has always been in the limelight, being criticized for its unfair treatment of black people. This film clearly brings out how black peoples first crime is their skin color. Convict leasing is one of the ways used by correctional facilities to punish individuals. With black men being arrested anyhow without probable cause, they have been subjected to hard labor in fulfilment of this punishment. This shows how slavery has crawled right back into the American society and this time it has found a justifiable safe spot embedded in the system. Conclusion The film is a masterpiece and activism in its own capacity. The atrocities meted upon black people are far from over and there is need for the criminal justice system of America to be restructured. Politicians needs to stop perpetrating hate crimes through creating plastic crises in order to gain political mileage. This has seen people of color treated with suspicion and ended up being incarcerated, as other people make a lot of money from the various retribution programs.

E Commerce And Online Auctions - 2159 Words

Threat of New Entrants The e-commerce and online auctions industry is highly fragmented, with a large number of independent players occupying 78.2% of the market. With a low concentration, the two major players, Amazon and eBay, account for only 21.8% of the e-commerce and online auctions market. This indicates low barriers to entry as it not difficult for prospective competitors to establish an online shopping platform. Additionally, there are few specific skills required to participate in the market. Existing operators possess a number of competitive advantages over new entrants, such as reputation of product quality and consumer loyalty, while providing secure payment methods that have been enhanced for years. Furthermore, they also†¦show more content†¦In response to high competition, companies had to differentiate themselves by practicing aggressive price-cut activities, including seasonal promotion and discount. Some organizations also began investing heavily in advertising and offering fre e shipping service as a way to attract new customers and sustain loyalty. Consequently, the industry expected to generate average profit margins amounting to 7.1% of revenue in 2014, although overhead costs remained low. Additionally, the intense competition has led to a new breed of online retailing businesses operating in a slightly different model, known as ‘social commerce.’ With attempts to generate more sales and reduce costs, websites such as Groupon and LivingSocial rely on word-of-mouth promotion and require consumer group participation in order for customers to receive a discounted price. These social commerce sites are expected to increase in popularity and contribute to overall industry growth in the upcoming years . Power of Suppliers The industry benefits from broad categories of businesses and individual suppliers. Since products could be obtained from numerous domestic and international suppliers, the bargaining power of suppliers is relatively low to medium. This is particularly apparent with industry giants who attract tens of millions of sellers to list products in their marketplaces, leaving each supplier with limited negotiation power. However, due to the intense

Studying The Relationship Between Risk And Return Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2190 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? The main aim of this case is to find the portfolio that will offer investors the highest expected rate of return for any degree of risk they are willing to tolerate. Extra returns are needed by the investors for taken a higher level of risk. Sandra needed the basic idea on risk-return tradeoff and on portfolio management from Bolton in order to make the right investment. When investors are considering investing in a security market, the problem they face is deciding how much to invest or hold and choosing the best security based on the characteristic of risk-return. 2.0 RELATIONSHIP BETWEEN RISK AND RETURN The risk and return are the process through which Sandra can make decision. The risk premium serves as the compensation to investors for investing on that particular asset The investment return is the compensation given to investors for the time spends waiting and the worries on the risk of an asset which they invested on.(Brealey,Myers Marcus, 2009 ,p.317). Investors uses the historical record to measure the current opportunity cost of capital which is the return that shareholders gives up for investing in a project and probability is used to estimate the possible situation which will occur within the period of investment. (Roses,Westerfield Jordan,1998,p.367). In appendix A, the utility-company is the best decision based on their coefficient-variation since it has the lowest value in units i.e. having 2.65% of risk, 9.7% of return and 0.27 of coefficient-variation, followed by High-tech-company with 21.91% of risk, 10% of return and 2.19 of coefficient-variation, then Counter-cyclical-company with 12.07% of risk, 5% of return and 2.41 of coefficient-variation. Therefore expected return depend on the risk involved and Investors uses the past record to estimates the future using the method of arithmetic average, variance, standard deviation since he assume that the future will be like the past. A good investor needs t o choose a project which has higher return and lower risk. 3.0 HOW BETA RELATES TO INVESTMENT RETURN For Sandra to get good return with less risk when investing on a market portfolio she should able to understand the meaning of beta because it measures non-diversifiable risk to get a high return. Beta is the sensitivity of the return of stock over the variety in market portfolio return. (Brealey,MyersMarcus 2009,p.340). It ¿Ãƒâ€šÃ‚ ½s the measure of risk on the portfolio of an individual stock and it account for both stocks for standard deviation and correlation among other securities available in the market.(levyAlderson,1998,p.307). The market risk premium depends completely on the beta in order to get assets risk premium. Therefore beta is an important determinant of an asset expected return in order to eliminate a systematic risk which cannot be diversified. An average beta is 1.0, risk free rate is 0. Aggressive-stock shows that stocks riskier than the market portfolio but provides larger gain while Defensive-stock shows that stock will fluctuate less than the market which is relatively safer but provides lesser gain. The calculation in appendix C shows the beta for Utility-company as 0.529, High-Tech-company as 0.207 and counter-cyclical-company as -0.356 meaning that all the individual asset are on defensive-stock. The formula is Beta j = Covariance mj / r ¿Ãƒâ€šÃ‚ ½m. The company with the highest risk is Utility-company and the lowest risk is Counter-cyclical-company. Composite index is preferred more than index fund because is a standardized combined indexes which provides useful measures statistically in overall market performance. Also the expected return is more than the index fund and the chances of risk is very low compared with index fund as shown in appendix B, i.e. having return of 18.70% and risk of 4.96% while index fund has only 8.40% of return and 10.72% of risk. 4.0 WHY WE HAVE TO DIVERSIFY OUR INV ESTMENT it is better for sandra to diversify in-order to balance the risk and return of any assets. Diversification is a principle designed which reduces the variability of risk by spreading the market portfolio across many investment.( Brealey,Myers Marcus 2009,p.323). It ¿Ãƒâ€šÃ‚ ½s the distribution of investors saving among different securities and it reduces investors overall risk of their holding either as losses in one investment or partial profit attained in another investment. (Lee, Finnerty Norton,1997,p.39). In the calculation shown in appendix D, the right choice is Utility-company which has a risk of 2.65% and return of 9.70% while the risk for Counter-cyclical-company is 12.07 and it ¿Ãƒâ€šÃ‚ ½s return is 5% but needs to be diversified in order to balance each scenario performance of both companies. Diversification is applied by Investing 75% in utility-company and 25% in Counter-cyclical-company which gives a portfolio return of 8.53% and 1.4 1% of risk. Sandra diversify primary to reduce unnecessary risk in order to maximize the present-value of her lifetime consumption and diversification reduces risk by decreasing the amount of uncertainty of return without reducing expected return. The portfolio risk of a stock depends on whether the return tends to vary or against the return of other portfolio asset.  ¿Ãƒâ€šÃ‚ ½Not to put all eggs in one basket ¿Ãƒâ€šÃ‚ ½. The Possible situation which can affect the stock price may be as a result of macroeconomic factors. 5.0 DETERMINING UNDERVALUE AND OVERVALUE FROM SECURITY-MARKET-LINE When Sandra those not want to lose her investment in the market, she needs to understand what SML means in order to make the right decision. Security-market-line shows the standard for investing different fractions of market fund based on the risk and return.(Brealey,MyersMarcus,2009,p.349). SML signify a linear relationship between beta and the expected return for all t he assets.(Levy Alderson,1998,p.319). The figure above was calculated in appendix C, the individual stock at Beta 0.529 offers 12.24% expected rate of return, risk free rate of 5% and market risk premium of 13.7%. Sandra will not buy when the stock offered a lower rate of return. The price will drop if nobody decides to hold the stock which is a better buy for Sandra. This will lead to a higher rate of return and the expected return will move to 12.24%, therefore at this point the capital assets pricing model holds at the expected return and the price. The Utility-company is overvalue because is below the SML line while High-tech-company and Counter-cyclical-company is undervalue because is above the SML. The Capital Asset Pricing Model helps to show that the expected rate of return of all securities and portfolio lie on security market line and also depends completely on the beta. The CAPM is graphically represented by SML. 6.0 THE EFFECT OF INTEREST RATE IN A DIVERFISIFIE D PORTFOLIO Sandra needs to focus very well in the interest rate movement in order to make reasonable decision. Capital-Asset-Pricing-Model is described as the relationship between return and risk which states that the expected risk premium on security is equals to its beta times the market risk premium.(Brealey,Myers Marcus,2009,p.348). It explains the exact linear equilibrium relationship between the beta and the expected rate of return of individual assets and portfolios. (Levy Alderson,1998, p.322) if Sandra choose a well diversified portfolio, these will be as a result of when the stock more than 12.24%, then diversified investors will like to buy more of that stock which will automatically increase the price and the expected return will decrease until it is at the level of CAPM. CAPM is a recognized instrument which help to adjust risk discount rate through the analysis of portfolio i.e. risk are measured in beta factors and these measures the sensitivity of its return on a quoted shares based on the market movement as a whole. 7.0 INVESTING ON FIXED-INCOME SECURITY When Sandra those not know when the investment is defensive or aggressive, its better to put her money bank on a fixed income security. A project NPV or cost of capital is the amount which is expected to multiply the wealth of current shareholders of a firm and the rules is that if the proposed project ¿Ãƒâ€šÃ‚ ½s NPV is positive, then invest but if not don ¿Ãƒâ€šÃ‚ ½t invest. (BodieMerton,2000,p.168). The project cost of capital is the acceptable minimum expected rate of return on a project with its risk given. (Brealey,Myers Marcus,2009,p.357). If Sandra prefers to put all her money in fixed income securities, then the cash-flow of the project needs to be calculated. If for example the future interest rate of return is 18%, risk free offers a return of 5% and expected market risk premium is 13.7% with zero beta: r=rf+B(rm-rf), = 5+(0x13.7)= 5%, the n since the expected return is 18% while the cost of capital is 5%, Sandra should go ahead but if compared with the exact project return of 18.7% company cost of capital, then the project is not worthwhile. Furthermore, in the cost of capital, if the market portfolio has the same risk with the project and the beta is 1.0, it means that its still worth investing on even though the project appearance is less attractive. 8.0 HOT TIPS ON GROWTH RATE FOR UNDERVALUE STOCK Hot tip is an important idea given to Sandra to monitor her investment knowing whether She is in right track or not. when firm stock are repurchased, the stock are considered to be undervalued, meaning that the market is less than the present value of future stock expected cash-flow and this decision is concluded when management uses Present Value evaluation models. (Levy Alderson,1998,p.478). When the future investment opportunities which are expected to yield a rate of return is greater than the required r isk adjusted rate of the market.( Bodie Merton,2000,p.242) Therefore hot tips regarding undervalue stock is an identified movement of stock growth knowing up-to-date and valuable information on when to buy stock which guarantees successful trading on the stock market. This superior knowledge and strategy makes Sandra to have confidence, secure and buy right stock at the right time with excellent return not minding what the market will be in the future. 9.0 DIVERSIFYING EQUALLY IN THE STOCK OF TWO COMPANIES Diversifying equally in the companies is a good choice for Sandra so as to balance her risk and return between the companies which can sometimes eliminate risk completely. the calculation shown in Appendix E, it explains that High-tech-company has higher return of 10%, higher risk of 21.91% and beta of 0.207 while counter-cyclical-company has lower return of 5%, lower risk of 12.07% and beta of -0.356, this is difficult to choose without beta but using the beta method will now help Sandra to make the right decision. When Sandra invests her money equally on the two companies, the expected return will be 7.50% and the risk will be 6.63%, these shows that when two companies are joined together, the volatility will decrease as a result of the performance in each scenario. Finally, the inverse relationship between the two company ¿Ãƒâ€šÃ‚ ½s return mean that adding Counter-cyclical-company in all the High-tech-company stabilizes the portfolio returns. The Counter-cyclical-company reduced the return performance of the High-tech-company but improving the worst-case return. 10.0 INVESTING 70% AND 30% IN A DIVERSIFIED PORTFOLIO An investor that invested with index-fund with 70:30 is also a good choice except that the risk is highier compared with 50:50 above. The calculation shown in appendix F, explains that High-tech-company has return of 10% and risk of 21.91% while index fund has return of 8.4% and risk of 10.72%. To stabiliz e the risk, the two components will be combined through diversification using 70:30 respectively for High-tech-company and index fund and the result shows a return of 9.52% and risk of 18.54%. This combination of 70%:30% is good but using 30%:70% is much better as shown in appendix G. The returns will be 8.88% and risk is 14.06. The reason is because the different between 70%:30% and 30%:70% for High-tech-company and index fund is that, the return difference is only 0.64 but the risk is reduced more with 4.48. Investing more on index-fund is much better because it is an investment made which has rules that are held constant not minding the movement of the market and it is usually an exchange trade/mutual-fund constructed with a portfolio to track the market index components. Also when measuring the amount of risk per unit of return, 70%:30% gives 1.95 but 30%:70% gives 1.58. 11.0 BEST SUGGESTION ON DIVERSIFIED PORTFOLIO The possible portfolio combination for Sandra that is better than 30%:70% in High-tech-company and index fund is investing 10%:90% as shown in Appendix H, because when measured per unit of risk over the return it will be 1.38 even though the return is still reduced to 8.56% but the risk is also reduced more by 11.83%. If Sandra choose this diversified portfolio it ¿Ãƒâ€šÃ‚ ½s a good choice since it is the principal key relies mainly on statistical approximations in order to stabilize any chances of risk and return in her investment, no matter the fluctuation in the market or economic crisis around the globe or better still take the risk by investing in 30%:70% since risk aversion explains that high security risk result to low price and high required return. 12.0 CONCLUSION Any comprehensive collection of risk measures captures the following characteristic of the entire financial system which includes leverage, liquidity, correlation, concentration, sensitivity and connectedness. Therefore weather a particular stock move s up or down is not that important to investors but what is important is the return and risk of that portfolio stock. Also using beta to estimate a systematic risk which cannot be diversified or better still invest fully in a fixed market income. Don’t waste time! Our writers will create an original "Studying The Relationship Between Risk And Return Finance Essay" essay for you Create order

Essay on The Value of Honor - 766 Words

The Value of Honor There is a priceless respect that everyone in the world possesses, and that is the respect of a person’s honor. A person’s honor is something that can not be bought, sold, or traded it’s something that must be gained by the respect of your peers. An example of how honor is seen in everyday life in through a persons word. A persons honor is supported by their word, and if they do not uphold their word then they are left with nothing. To try and explain the personal trait of honor is something that can not be done in a few words, or a sentence. I feel as though honor is made up of different combinations of personal traits depending on the individual. Some of these characteristics of honor can†¦show more content†¦The medal of honor was first awarded during the civil war in the year 1861. Since the medal of honor’s creation there has been some 3,400 medals awarded to the different divisions of the armed forces. Until this day there has only been one woman who has received this honor for her service. During World War II there was a black medal of honor awarded for extraordinary heroism in the face of combat. The next instance that I feel honor plays a big role in is in the presidency of The United States of America. This is probably the greatest honor that anyone could obtain in the United States of America. When our president is looked upon as controlling the most powerful country in the world they are looked up to as the strength that makes us a world power. Even in situations where a person who did not vote for the individual that becomes elected to the presidential office, there is an unspoken bond that brings all Americans together as a whole. In such instances as this I feel as though there is more reverence, and respect for the president than there is for any other elected official in the United States. The honor that develops over time in a friendship is one that should never be toyed around with. A good example of this would be two friends losing their friendship because of a woman. A friend is someone that you can trust, someone who’s word means something, and a friend is someone that you should not have to questionShow MoreRelatedJapanese Value Honor And Family939 Words   |  4 PagesTo say the Japanese culture value family is an understatement. To say they value honor is a no brainer. What many don’t know is just how deep these values go, as well as how often they are reflected in their literature. In the past the Japanese valued honor, now they call it saving face in our modern times. Both terms mean the same thing and can be lost or earned almost the same way. The Japanese value honor and family, both are equally displayed in various works of literature. 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Bipolor Disorder Essay - 1085 Words

nbsp;nbsp;nbsp;nbsp;nbsp;In today’s society there are many different psychological disorders that people face on a daily basis. Often times the individuals know they even have the disorder until someone else recognizes it. One particular disorder is the Bipolar disorder. It has many different classifications and definitions, symptoms, and treatments. It is very inportant to notice this disorder in its beginning stages so it can be controlled. nbsp;nbsp;nbsp;nbsp;nbsp;The bipolar disorder has often been classified and defined by many different terms. Its been also known a manic depressive illness, characterized by extreme and disabling highs, considered to be mania, and low points, known as depression. It effects a considerable†¦show more content†¦nbsp;nbsp;nbsp;nbsp;nbsp;Doctors and researchers do not know exactly what causes bipolar disorder. But a variety of biologic, genetic and environmental factors seem to be involved in causing and triggering episodes of the disorder. Evidence indicates that differences in the chemical messengers between nerve cells in the brain, also called neurotransmitters, occur in people who have bipolar disorder. In many cases people with the bipolar disorder may have genetic disposition for the disorder. The abnormality may be in genes that regulate neurotransmitters. Factors that may contribute to or trigger episodes of bipolar disorder include drug abuse and stressful or psycholog ically traumatic events. nbsp;nbsp;nbsp;nbsp;nbsp;It has been concluded that the bipolar disorder tends to run in families. A family history appears to exist in most cases of bipolar disorder. Researchers are attempting to identify genes that may make people susceptible to the bipolar disorder.nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; nbsp;nbsp;nbsp;nbsp;nbsp;Your doctor may ask you or a family member who has accompanied you about your signs and symptoms and to describe apparent episodes of mania and depression. Diagnosis also involves ruling out other mental health conditions that may produce some symptoms similar to bipolar disorder.Show MoreRelatedEassy in Gujarati2422 Words   |  10 Pages2  Ã‚  Ã‚  Ã‚   Chapter : 3  Ã‚  Ã‚   Anxiety Disorders *  Ã‚  Ã‚   Panic Disorder *  Ã‚  Ã‚   Phobic Disorder *  Ã‚  Ã‚   Generalized Anxiety Disorder *  Ã‚  Ã‚   PTSD - Post Traumatic Stress Disorder *  Ã‚  Ã‚   OCD - Obsessive Compulsive Disorder Chapter : 4  Ã‚  Ã‚   Dissociative amp; Somatoform Disorders *  Ã‚  Ã‚   Dissociative Disorders   Ã‚  Ã‚  Ã‚   -  Ã‚  Ã‚   Dissociative Identity Disorder   Ã‚  Ã‚  Ã‚   -  Ã‚  Ã‚   Dissociative Fugue   Ã‚  Ã‚  Ã‚   -  Ã‚  Ã‚   Dissociative Amnesia   Ã‚  Ã‚  Ã‚   -  Ã‚  Ã‚   Depersonalization Disoders   Ã‚  Ã‚  Ã‚   -  Ã‚  Ã‚   Casual Factors in Dissociative Disorders   Ã‚  Ã‚  Ã‚   -  Ã‚  Ã‚   Treatment for

Write Essay Marketing Strategy Recommendations of Medibank to Medicare

Question: Write an essay about the Marketing Strategy Recommendations. Answer: Background summary One of the leading insurance companies in Australia, Medibank has been focused on in this piece of research studies. The company has been found to be providing a variety of protection plans in alignment with the needs of customers such as travel, healthcare, income insurance, pet, life insurance policies. The strategic overview can be summed up as that, at Medibank, people work towards ensuring better health every single day for respective families, children, friends, community in terms of providing best possible private health insurance and peace of mind to the Australian people for more than 4 decades. The detailed Australian insurance market analysis with special reference to Medibank actually points towards the relevance of the company in the modern business scenario with the companys array of various protection plans taking into account the wide range of demands from the customers or tourists across the land of Australia. The travel protection plans range from local to global tr avelers with effective budget allocation. The respective travel packages come with certain facilities and provisions of insurance; and are meant for all travelers, i.e. young and senior travelers, families, lone travelers, corporate travelers, group travelers etc (Leggat and Leggat, 2006). Strategic implications have been explored in this particular piece of research writing which have been focused with detailed illustration. On the basis of the part 2 market environment analysis of Medibank, the development of marketing strategy would be possible in this part 2 segment in terms of establishing the leading insurance provider proficiently within the framework of travel insurance market in Australia. Products and services Medibank has manage to cater to the needs of millions of Australians in terms of focusing on the specified delivery of top quality health insurance and excellent health services; and this is what differentiates the company in the competitive business arena. It can be put forward in this regard that the leading health insurance provider offers private health insurance products that largely are inclusive of standalone hospital cover or extras cover and packaged products taking into account both the options. Medibank being one of the leading private health insurance providers in the health sector across Australia, it is quite obvious that the company arranges for various protection plans for customers with travel insurance policies being the highlighted products of the all in context of the Australian tourism sector (Barer et al. 2010). The presence of two brands i.e. Medibank and ahm helps the company in marketing the products of private health insurance. In case of travel insurance, t he healthcare facilities must be kept in mind significantly, in order to land up immediate services in case of emergency and others. It has been found that the company comes up with a premium full service offering by means of providing the respective policyholders of Medibank better as well as effective access towards all kinds of health services and health advice. The company has enabled the policyholders with their respective hospital covers with an exclusive access to its telephone based 24*7 health service line along with medical health in course of the healthcare treatment. Comprehensive package i.e. international travel package, multi trip package, Australia only package, medicals only package etc all denote the variation in the products and services offering which take into consideration complete travel protection for people travelling abroad with the all inclusive factors of overseas medical insurance, unlimited flight cancellations and refunds, cover for baggage, theft of personal items and money, cover for credit cards during the entire period of traveling and journey (Hashani-Siqani and Rudhani-Haliti, 2016). Furthermore, an online health hub has been introduced alongside certain mobile health apps for Smartphones, so that customers or tourists can get hold of the medical service and facilities at any given time, in any emergency at the foreign land and under any situation. Being a product driven business, Medibank is well acquainted with its facets of unsustainability for it is of utmost importance to achieve strategic growth in terms of shifting from being the health insurer to the renowned health company with tourist or customer at the primary centre of the healthcare structure (Medibank.com.au, 2016). The companys individual decision to rebrand its Private Health Insurance to Customer Centered Healthcare can be cited as an instance of strategic reformations that need to be taken place within the company infrastructure with special reference to the travel provision for the travelers need the insurance benefits as well. Pricing One of the major points that constitutes to the strategy dimension of business is that of its respective pricing factor which is regarded as an inevitable issue in the case of Medibank also. The strategic approach lies in the provision that the leading healthcare insurance company is bound to offer quality healthcare in accordance with the factor of affordability; and therein lies the company USP of competing in the tough situation of tourism industry. While the company of healthcare insurance apparently is reported to strive significantly in terms of reducing the respective operational costs with its efficiency in the service delivery, the strategic priority is said to be highlighting the factor concerning the management of rising cost of healthcare itself within the structural framework of tourism industry (Flynn, 2016). Affordability should be the key in case of the travel insurance packages on the basis of the customer needs and respective lifestyle. Pricing strategy of the compa ny must be at par with the market situation and also in accordance with the tourist requirements to ply efficiently in the marketing ocean. The renowned company of insurance provider, Medibank has been found to be focused on the certain development of stronger relationships with the respective providers in terms of building innovation driven provider networks, to make ways for sophisticated purchasing results, to create specified options of contracting, to build provisions regarding referral as well as appointment management capacities etc; so that all these factors collectively can help in keeping the cost of benefit outlays as minimum as possible as far as the medical regulation standards in the travel and tourism industrial infrastructure are concerned (Leggat et al. 1999). Furthermore, providing access of differentiated nature towards health services in alignment with the varied needs of customers alongside creating new working models of care for serving the purpose of delivering better travel consequences with utmost cost effectiveness is another major strategic look out of the company when it comes to the field of pricing. The insurance provider group has been aiming for ensuring the customer or tourist experience at the centre of respective medical interactions from a typically health preventative perspective through to the payment terms that occur during the phase of post event of travelling (Mills, 2002). The other issues other than medical i.e. cover for baggage and luggage; lost items during journey, cash theft etc are also taken into serious consideration for smooth and safe as well as hassle free travel experience is what the company aims for towards all its clients whose responsibilities lie with the insurance provider company. Place and Distribution Clear segmentation of the market in close association with the varied range of products and services of the travel and tourism industry is essential, for this calls for effective and strategic distribution of marketing. Understanding the customer requirements in this travel genre is of utmost importance for this allows the insurance provider company to better serve the demands and needs of the existing and potential tourist base with effective expertise (Leggat et al. 2012). Global travelers and domestic travelers are not the same people always, and this difference needs to be incorporated in the business structure to understand the issue of placement and distribution with strategic approach in the tourism environment. It can be recommended that both the state as well as federal governments should be predominantly focusing on the facilitation of the designing and the operational activities of the prominent markets, instead of emphasizing the genre of healthcare supply in the respective regulatory framework of travel and tourism industry. Brand positioning of the insurance provider company in the respective Australian travel insurance industry is significant for this assesses the market scenario with intricate precision and makes way for brand promotion. In order to function with smooth effectiveness in the dynamic market of competition, the company of Medibank urgently requires a strategic framework concerning a mean operational environment that has the potential of enabling the company to proactively respond to the different needs and demands of the customers or tourists (Cameron, 2014). The provisions in this regard can be summed up as to cause simplification and consolidation of Medibanks respective back office responsibilities and functioning activities, optimization of internal systems and processing systems, improvement of the concerned levels of staff productivity and efficiency. Promotional mix It can be put forth in this regard that Medibank needs to adopt the customer driven approach instead of being wholly product oriented because Customer Centered Healthcare will not only drive the company in gaining momentum from the situation, but also in improving the standard of the healthcare system in its entirety. Customers i.e. the tourists of all kinds such as leisure travelers, job travelers, local and international travelers etc would not only feel cared for genuinely in this approach, the entire thing would be focusing on the concerned demands of providers, clinicians, tourism management operators, insurance agents and intermediaries with the customer being at centre of attention regarding the variety of tracel experience. It would be far more effective and possible in bringing forth human touch to the table in lieu of the customer care service segment, along with the business ease that in turn would alleviate the business prospects of the concerned business company of insur ance providers (Wilcox, 2001). It is to be mentioned in this context that, the specified company capacity to leverage its scale, reputation as well as the brands of tourism business will be enabling the company to fly high in the insurance care business environment of Australia with special reference to the genre of travel in terms of maximizing the enterprising value of the company, proving oneself unique from the other contemporary competitive bodies with differentiating grounds and by means of driving market leadership with efficient expertise. On grounds of product benefits, online facilities and advantages, emergency services etc the company can work well for these are the areas which are emphasized in the company profiling and are favored in competitive market (Medibank.com.au, 2016). The insurance provider company must arm itself with unique and innovative promotional strategies i.e. catchy advertisements, variety of schemes and discounts, ensuring hassle free travel experience with complete and attractive health cover, online facilities of insurance policies regarding traveling to the specified parts of world, offering excellent service in terms of ensuring memorable travel experience etc to win over the competitive business ground. The growth intentions need to be put forward in the forefront in terms of fulfilling the objective of market share acquisition in close proximity with the respective growth and increment of enterprise value. Conclusion As far as the situation in insurance providing industry is concerned, it can be put forth that the very core of Medibank marketing strategy has been built on several business pillars i.e. travel cost leadership, customer or tourist oriented healthcare, growth, operational excellence, human resource, promotional mix concerning etc. It is to be understood that certain aspects of the Australian tourism sector, all inclusive of the private health insurance industry can gain benefit in terms of being exposed to the competitive environment which is actually good for the company growth and industry development as well as sustainability in the cut-throat situation. It can be mentioned in this regard that travel and tourism sector with competitive background can certainly thrive in this contemporary age with serving the purpose of improving the concerned quality of the travel consequences with predominant factors of health issues for all the money spent and would be able to promote consumer w elfare, specifically within the territory of Australia. Henceforth, it can be summed up in this concluding segment that private health insurers are capable of playing a prominent role in course of travel system improvement; but in order to play the role efficiently and effectively, the industry needs substantial support in terms of being allowed to take up commercial agendas and innovative funda. References Barer, M., Nicoll, M., Diesendorf, M. and Harvey, R. (2010). From Medibank To Medicare: Trends In Australian Medical Care Costs And Use From 1976 To 1986. Community Health Studies, 14(1), pp.8-18. Cameron, N. (2014). Measuring up to expectations: Medibank's customer analytics. [online] Cmo.com.au. Flynn, K. (2016). Financial fraud in the private health insurance sector in Australia. Journal of Financial Crime, 23(1), pp.143-158. Hashani-Siqani, S. and Rudhani-Haliti, L. (2016). Travel Health Insurance: With Case-Study Insurance Company "Elsig" 2009-2014. AJIS. Leggat, P. and Leggat, F. (2006). Travel Insurance Claims Made by Travelers from Australia. Journal of Travel Medicine, 9(2), pp.59-65. Leggat, P., Carne, J. and Kedjarune, U. (1999). Travel Insurance and Health. Journal of Travel Medicine, 6(4), pp.243-248. Leggat, P., Zwar, N. and Hudson, B. (2012). Travel Health Advisory Group: A joint travel industry and travel health Special Interest Group promoting healthy travel in Australia. Travel Medicine and Infectious Disease, 10(5-6), pp.259-262.

Collaborative Relations Employee Engagement -Myassignmenthelp.Com

Question: Discuss About The Collaborative Relations Employee Engagement? Answer: Introduction Human Resource Management (HRM) is a systematic way to prepare a strategy for the organizations employees so that they feel driven and motivated to achieve the targets for the organization (Jiang et al., 2012). The HRM plan is the document having the strategic planning, which the company is proposed to follow for few upcoming years so that the objectives can be achieved (Buller McEvoy, 2012). This assignment discusses about the organization the National Australia Bank and after prioritizing the human resource management related issues in the organization finalizes three programs for the HRM planning process. These programs are recruitment, career development and employee relations. This assignment will be discussing the strategic importance of the programs, its objectives and recommendations with respect to the National Australia Bank. Recruitment process Recruitment process is very crucial for any organization as hiring an honest and skilled employee can enhance the turnover of the company. The National Australia Bank is suffering from strategic failure and according to the higher authorities; their strategy growth by overseas acquisition has made their companies growth stagnant at one position only (The Conversation, 2016). Therefore, recruiting new employees for marketing and development positions can help the organization boost its growth. As the bank is now focused on the Australian market, therefore recruiting new employees will allow the authorities to open branches in remote and rural locations in Australia, which will help in the expansion of process (Chambers Tripple, 2012). Program objectives The aim of the recruitment program is to recruit candidates who fulfill the job competency requirement and are important for the company expansion in future. As the company has faced years of loss with respect to financial loss and human resource loss, the company should recruit candidates, who remain in the organization for at least 5 years so that the retention ratio can be improved (Buller McEvoy, 2012). The recruitment process should not be complex and the candidates should be selected depending on their skills and knowledge. The recruitment process should be completed within minimal cost and effort. Further, the recruitment process should involve fresher candidates as the company can utilize their fresh energy in the company expansion (Buller McEvoy, 2012). Recommendations As the organization is keen to expand their process and want to focus on the marketing and strategic planning departments the recruitment process should be divided into phases for these two sections of the organization. The organization should promote the recruitment process though print and social media and clearly put the information and required profile for the posts. This will help to spread the recruitment related news without any effort and people will be able to apply for the post through the company website (Jiang et al., 2012). The recruitment process should involve 10 to 20 candidates for each department as choosing one or two candidates from the pool of 20 efficient candidates becomes easier for the organization (Chambers Tripple, 2012). Career development plan After the failure of the companys foreign strategies for expansion, departure of some important and experienced employees has highlighted the companies need to introduce career development program for the rest of the experienced employees in the operating. Further, several employees have asked the management in written application to start career development program that will provide them an opportunity of promotion (Daley, 2012). This is important as the employees deserve the chance for equal progression and hence a transparent career development plan for the retained employees should be introduced in the organization. Furthermore, the career development program is not only beneficial for the employees of the National Australia Bank, but also for the organization as the company will be able to identify and retain the employees for the expansion and developmental process of organization (Elnaga Imran, 2013). Program objectives Introduce career development process for the employee skill enhancement and promotion program and should include tenured employees of the organization. The organization will hire supervisors who will assess the employee performance of the candidates, who are enrolled in the developmental process. The appraisal process will focus on three aspects of the enrolled employee, their work ability under pressure, their honestly and commitment towards organization and their ability to acquire new skills (Townsend, Wilkinson Burgess, 2014). The process will be able to convey the organizations commitment towards the staff career development. Staff who are involved in the marketing and development department will be enrolled in the appraisal and career development program, as their strategic planning will lead the organization to grow (Daley, 2012). Program recommendation The supervisors, assessing the candidate performances for appraisal process should be able to identify the talented staff for the appraisal process and should decide the criteria depending on the individuals ability to work under different roles and conditions. The organization should introduce a department namely career development counselling so that candidates who are unable to understand their career development goals can take help from the department to set up goals for their future professional life (Vaiman, Scullion Collings 2012). The organization should start discussing the needs and aspirations of the staff so that employees can assess their needs and requirements from the organization and the supervisors can convey the message to the higher authority (Elnaga Imran, 2013). Employee relations Employee relation is an important aspect for the growth and development of individual as well as organizational growth. The workplace where employees are able to maintain a healthy relation among each other is able to make decisions for the betterment of it. As the National Australia Bank wants to find its base in the Australian market again, it needs a team of employees who are able to share the work pressure among themselves and lead the organization to increase its productivity (Vaiman, Scullion Collings 2012). Furthermore, there are several decisions that need discussion with seniors and other fellow employees such as in the developmental and marketing department. Discussion led employees to understand different perspectives. Therefore, the HRM plan for the National Australia Bank should include employee relation enhancement plan (Anitha, 2014). Objectives of the program The first objective of this relationship enhancement program is to promote mutual trust among the employees so that the workplace environment becomes friendly and easy to work within. Secondly, arrange motivational and influencing sessions to improve the workplace environment (Ruck Welch, 2012). The organization will develop policies and norms according to which, helping newer employee will be mandatory for the experienced staffs so that a better relation can be created between fresher and experienced employees. The other aspect, which is employer employee relationship, should also be improved by introducing skill development, health beneficiary program, and retirement plans so that the harmonious relation between employer and employee can be retained (Townsend, Wilkinson Burgess, 2014). Program recommendations The organization should organize parties and dinners so that the staff can avail chances to know about each other and can improve a cordial relationship. The organization should organize sessions about the work and life balance and its importance. This will help the employees to trust upon the bank high authorities. The employers should organize sessions such as rewards and recognition and should facilitate employees, who perform their roles excellently and manage to help others in organization as well (Ruck Welch, 2012). The organization should focus on the communication development program within the employees. Arranging team meetings, departmental huddles so that the employees can share their doubts and concerns will enhance the organizations ability to combat adverse situations (Vaiman, Scullion Collings 2012). Conclusion The National Australia Bank is suffering from strategic failure and therefore the Human Resource department is responsible to find out strategies that will help in retention of the old and loyal employees. The HRM planning for this organization was focused on three aspects recruitment, employee relations and career development as these were the identified issues because of which, employees were leaving the organization. Therefore, the assignment provides detailed analysis of these aspects and provided recommendations to achieve it successfully. References Anitha, J. (2014). Determinants of employee engagement and their impact on employee performance. International journal of productivity and performance management, 63(3), 308. Buller, P. F., economics, G. M. (2012). Strategy, human resource management and performance: Sharpening line of sight. Human resource management review, 22(1), 43-56. Chambers, R. C., Trippel, E. A. (Eds.). (2012). Early life history and recruitment in fish populations (Vol. 21). Springer Science Business Media. Daley, D. M. (2012). Strategic human resources management. Public Personnel Management, 120-125. Elnaga, A., Imran, A. (2013). The effect of training on employee performance. European Journal of Business and Management, 5(4), 137-147. Jiang, K., Lepak, D. P., Hu, J., Baer, J. C. (2012). How does human resource management influence organizational outcomes? A meta-analytic investigation of mediating mechanisms. Academy of management Journal, 55(6), 1264-1294. Ruck, K., Welch, M. (2012). Valuing internal communication; management and employee perspectives. Public Relations Review, 38(2), 294-302. The Conversation. (2016).National Australia Bank 30 years of strategy failure.The Conversation. Retrieved 8 February 2018, from https://theconversation.com/national-australia-bank-30-years-of-strategy-failure-55159 Townsend, K., Wilkinson, A., Burgess, J. (2014). Routes to partial success: Collaborative employment relations and employee engagement. The International Journal of Human Resource Management, 25(6), 915-930. Vaiman, V., Scullion, H., Collings, D. (2012). Talent management decision making. Management Decision, 50(5), 925-941