Career Development Plan Summary

Kudler Fine Foods is creating new responsibilities for certain teams within the organization. The team that I am responsible for will begin ordering for the Bakeries of all three stores. This is a role that Kathy Kudler has previously held. The responsibility that my team currently has for Kudler Fine Foods is to run the Bakery of the La Jolla, California, store. The team will increase from four to nine employees. This report will provide an explanation of the current and new job responsibilities. Training requirements for the existing and new employees will be provided. The performance evaluation process for both individual associates, and as a team will be reviewed. Challenges that may be presented with the evaluation process will be included. Items such as incentives, benefit packages, career development, and compensation plan will conclude this report. Current and New Roles The Bakery Team of La Jolla’s store currently consists of four employees plus myself. Jeff Lynch and Sue Anderson are both lead Bakers. April Cox and Sarah Byrd are the Bakery Sales associates. The team members who will be ordering for the other two stores will work from the store for which they will be placing orders. The exception will be that they will be expected to attend the bi-weekly team meeting that will be held at the La Jolla store. The new roles added are described below. First Level Manager: Tracey Willingham will fill this role. Tracey has been with Kudler Fine Foods since Kathy Kudler opened the La Jolla Store. She has held many positions during this time. She has a vast knowledge of all areas of the store and will be an asset to the team. She will be the manager of both existing and new associates. Order Clerk for La Jolla Store: Sarah Ross was selected for this role as she has also been with the La Jolla store since the beginning. She began as a cashier and has advanced to her current position of Lead Sales Associate for the Wine Division of the La Jolla Store. Order Clerk for the Del Mar Store: April Fett is new to Kudler Fine Foods. She has experience working with Fine Foods stores in the New York area. She has recently moved to California to be closer to her family. April will continue in this role once the Del Mar store is closed and the transition is made to the Carlsbad store. Order Clerk for Encinitas Store: Jesse Driscoll will be responsible for placing the orders for the Encinitas store. Jesse worked for Kudler Fine Foods when he was in high school as a stocker. He has completed college and will return to Kudler Fine Foods in this new role. Trainer, Reports, Backup: The last position to be filled in the reorganization of the team is to be filled by Mary Johnson. Mary has been with Kudler Fine Foods for three years. She has had experience as a Baking, Fruit, and Wine Sales Associate. She will be responsible for providing training to those who will be ordering. She will also be responsible for tracking the ordering process of all three stores. She will keep Tracey and myself updated each week with the orders that have been placed by each store as well as any trends she finds while creating the reports. Mary will also be a backup order associate for Sarah, April and Jesse when they are take vacation time. Training Plans Because Kathy has always covered the ordering for all stores, our first training steps will be for Mary to spend time with Kathy over the next month to learn the ordering process. After completing this training, the next week she will refresh her memory of how the Bakery operates. Her days will be split between time with the Bakers and the Sales Associates. During this time, she will also ask customers for any suggestions of items they want to see at the Bakery, so that the team can consider making improvements to the items offered. After Mary has finished spending time becoming familiar with what the Bakeries in each store are responsible for and how the ordering process works, she will take two weeks to create training plans. I have asked Mary to create two different training plans. The first will be held for the new members of the team and will provide training of the Bakery process. The second will be held for the current team members so an understanding of the new roles is provided. Tracey and Mary will spend time with each associate after the training sessions are held to provide coaching sessions. April and Jesse will also have online training sessions to complete within the first two weeks of their employment. The courses to be taken will be those required for all associates to complete. The name of the courses are Ethics, Diversity, and Business Conduct. Kathy is also planning a new training course for associates of all stores on Customer Service Skills. Mary will coordinate this training for the La Jolla store and for April and Jesse. Performance Appraisal Systems Feedback Official feedback as a part of the Performance Appraisal System will be completed twice a year. The first will be a mid-year review and the final will be a year-end review. This feedback will be provided in the form of a written performance appraisal. The meetings will be held one-on-one, away from the work area. During the one-on-one meeting the associate and I will discuss feedback received from clients, peers, and me. The feedback process will be a standard process for all associates. The first feed back shared will be from me and will include what I have observed, giving specific examples. The discussion will include speaking of the impact of their performance. This will allow a time for the associate to acknowledge the need for possible improvements. It will be important for the associate and me to come to an agreement on possible improvements or next steps for advancement. The most important part of the feedback discussion will be to reinforce the support that I will provide them and the resources available to him or her (SelfGrowth, 2009, pp. 1 & 2). A job description for the current position as well as other roles within the team will be shared during the review meeting. This will allow the associate to review the current requirements and discover what steps may be needed to advance. This will also offer the employee the opportunity to ask questions about advancing or the benefits of education. The local community college offers several courses for Sales Training. A pamphlet from the local college will be made available to each associate who wishes to learn more about the classes. An additional step toward feedback will be put in place at the same time. This step will be to provide any feedback received at the time it is received. This will apply to both good feedback or suggestions for improvements. Offering this to the associates more than twice a year will help him or her monitor his or her progress. Any feedback received from trainers will also be shared with the associates. Team Evaluation Process and Incentives In addition to be evaluated as an individual, the team will be evaluated for the progress made of working together and to identify any opportunities for improvement. Working as a team is important to the success of Kudler Fine Foods. A team that works well together and supports each other will provide better customer service. The steps of evaluating a team provide needs for a different appraisal system. When evaluating an individual you can address individual goals and progress. With a team, the results are based on more than one person trying to obtain a personal goal. The team has goals and needs each person to help meet the goals. While an individual may be great at his or her own position, the manner in which he or she works within a team could provide issues for the team. The most important part of a team evaluation is to remain fair. While the team is to be evaluated for success, the individual contribution must also be taken into consideration. How each person helps the team meet the goals will be considered. The opportunity to be a good team player has to be offered to each associate. One motivation that will be provided for meeting team goals is by providing a luncheon for the team each quarter if goals are met. The team will be considered for an end of the year bonus if all quarters within the year are met as a team and as a company. Strategies to Discourage Social Loafing Social Loafing in the team environment refers to the team member or members who do not perform his or her fair share of the work. The social loafer on the team may believe that he or she can cruise along whereas the rest of the team performs each member’s given duties, then the loafer expects the same credit as the other members (Dayton Business Journal, 2001). What the loafer in any of the instances fails to realize is that their lack of participation has a negative effect on the other members of the team. To discourage social loafing, all team members should understand that his or her individual performance and participation is observed and assessed. Members, who do not fairly contribute should not expect the same credit. Assessing the contributions of every member of a team eliminates loafing. Besides the team lead or the manager assessing the team member’s performance, each member can have the chance to critique the performance of fellow team members. References http://www.selfgrowth.com/print/583277

Designing a training programme for supervisor skills at Primark Essay

Type of training and how long will the training take? (on the job or off the job) Shadowing/demonstration/coaching/external or internal course 1 hour/1/2 day/ 5 days? Provider of training and Location Sales floor/store training room/Primark head office/College/Distance course. Internal training. Who will carry out? HR manager/training manager Description of training content What will the you do /learn during the training Cost of the training Physical cost of external course/cost of paying salary to trainee whilst not doing their job role/providing cover whilst trainee is on course/travel expenses – train tickets to London if going on a head office course What will the training allow me to achieve? What skills will you have learnt? How will it assist you in being successful in your new role? Why is this skill important? Consequences Shadowing for 1 hour Sales floor watching experienced supervisor complete rota Organisation of staff rota, including breaks and lunches. Watch the supervisor complete her daily rota and then complete own rota and discuss with mentor to get feedback on how to improve it No direct costs however, Primark will still need to pay us both our  £8.50 an hour salary despite the fact that both the experienced Supervisor and I will be less productive during the training. This may impact on customer service as we won’t be available to help customers during the hours training . The training may disrupt other members of staff and reduce overall productivity of the department I will be able to complete the daily staff rota ensuring all staff get the breaks and lunches they are entitled to with minimal disruption to customer service Key feature in the job description of a supervisor. Failure to complete this correctly may mean that staff do not get the correct breaks and may become demotivated and lower their productivity as a result which will trigger a fall in customer satisfaction and potentially sales and profit Demonstration for 20 minutes Shown on the sales floor by an experienced supervisor . Whilst walking around look at the trends , most common sizes and the popular items . The ability to see when a specific product is in high demand and inform head office that more stock needs to be ordered. Listening to retail sales assistants when they tell you a product is in high demand . There are no direct costs. Although the experienced supervisor and I will need to be paid  £2.52 for the 20 minutes . I will be less productive during the training, this may impact customer service as I will be too busy to help out customers. The training may disrupt other members of staff and reduce overall productivity of the department The ability to spot trends , and items that are selling out. The ability to order in new stock . Failure in ordering a high demand products would mean Primark would miss out on an opportunity to make a profit . Failure is ordering any stock means that that Primark wouldn’t have any stock to sell and the customers would go else where. 1 day off job training completing the Impact Factory Customer service course Training by Impact Factory in London. I will be taught on how to give the best customer service and be more confident with employees. Dealing with customer complaints in the most appropriate way . Talking to unsatisfied customers and seeing what they can do to help and make sure this doesn’t happen next time.  £21.10 for the ticket to London. A whole day’s pay at  £7.57 an hour for 9 hours which is  £68.13. Although it’s more expensive than getting another supervisor to do the training , the training will be a lot more formal and I will take it more seriously . The course costs  £450. I will be trained by an expert in customer service . Although resentfulness amongst other members of staff who haven’t been chosen to attend the course and become demotivated and less efficient as a result. The overall cost will be  £539.23 . I will learn how to give good customer service , deal with rude/difficult customers , advance my listening/ responding skills, make the customers point of view work for me, gain confidence in giving customer service and handling complaints with empathy/ efficiency. A good retail supervisor needs to deal with customer complaints appropriately . This is because the supervisor will be the face of the branch and if they give a bad impression , there could be a drop in customers. The customers could go to competitors with better customer service. On the job training doing 20 minutes coaching and a 10 minutes session a week later. On the sales floor at a off-peak time with HR manager Learning how to use the supervisor function on the till to be able to give customers returns / change / cancel orders. No direct costs but both the HR manager and I will need to get paid . Although because this session is short, there will be a lot of time to do more productive things. The training may disrupt other members of staff and reduce overall productivity of the department. Customers may receive poor customer service such as long wait times at tills even though it is at off-peak time which would Lower sales. HR manager will need to be paid  £10 for the 30 minutes. I will need to be paid  £3.79 for the 30 minutes. The HR manager’s journey from London will cost  £21.10. The overall cost is  £34.89. I will learn how to use the supervisor function on the till , be able to give customer returns / change and cancel orders. As I have practiced at different times, I am now very clear on how to use the supervisor function on the till . This means in peak time if a customer needs a return I can quickly use the function on the till without holding up a long queue . This means the customers will be happier as they don’t have to wait a long time and I can go do more productive things. If I was unable to do this Primark would get a reputation for poor customer service and customers would go to competitors , which would lower sales. Off the job training for 30 minutes doing Job shadowing . 30 minutes observation On the sales floor with an experienced supervisor Ensuring that the sales floor is always kept clean, the shelves are fully stocked with products and there’s no clothes on the floor. In prime time the retail sales assistant are aware how to work in the peak times including the holidays and Saturdays . There are no direct costs but I will be paid  £7.57 for the hour and so will the experienced supervisor. I will not being my job during this training session meaning a loss of productivity . I may disrupt other employees and reduce the overall productivity of the department. Customers may have to wait longer on the tills / fitting rooms as I will be unable to help them, which would lower sales. The overall cost would be  £15.14 . I will be able to deal with the sales floor at its prime time. Through observation I can be told what my weaknesses are and how I can improve on them. If I wasn’t able to manage the store at prime the customers would be left waiting unreasonable times for the tills/ fitting rooms . They would eventually get annoyed and leave to go to a competitor, meaning a loss in sales. The employees would become demotivated as they are constantly having to work in a hectic unorganised environment and may leave. If an employee leaves Primark would have to pay for the recruitment costs for the next employee. Off the job training in London doing a leadership course – 1 day course In London being taught about leadership by CIPD Making sure all the retail sales assistants are working efficiently . Motivating all the retail sales assistants to do their work to the best of their ability . This means carrying out appraisals and dealing with any performance issues appropriately . The course costs  £545 . I will have to be paid for the full day at  £7.57 which is  £68.13 . I will have to pay for a peak return ticket to London for  £21.10 . The overall cost will be  £634.23. I will be unable to any of my tasks , therefore there will be a loss in productivity. There will be Resentfulness amongst other members of staff who haven’t been chosen to attend the course and become demotivated and less efficient as a result. I will learn which leadership characteristics I need to develop , be able to select motivational ideas with the most potential to motivate and engage the retail assistants . I will be able to motivate the retail sales assistants . Therefore they will be able to give good customer service which means happy customers , they will come more frequently . This will build a better image for Primark. If I was not able to motivate employees, they would eventually find a different job. Demotivated employees give bad customer service so the customers would get annoyed and go to competitors. Once the employee leaves , more will leave increasing the staff turnover which would make it less appealing to work for Primark . Recruitment costs are also very high and this would need to be paid for. Off the job training interview skills course In London with an interviewing expert . Working alongside Human resources manager to co interview potential candidates for the role of retail sales assistant. A ticket to London is  £21.10 . I would have to be paid for the full day at  £7.57 an hour , which is  £68.13 overall . The course costs  £30 . The overall cost is  £119.23. The setting will be more formal and I will take it more seriously . There will be a loss of productivity as I will not be there for the whole day to do my job. There may be resentfulness amongst other members of staff who haven’t been chosen to attend the course and become demotivated and less efficient as a result. I will learn: the equality act 2010 , the cost of recruitment and staff turnover, the causes of poor recruitment, strategies for effective recruitment practice, the stages of recruitment, how to design a job description and person profile, how to analyse application forms and cvs , and interview techniques . I will be able to make sure when I interview a candidate for the role of retail sales assistant I will do it in the best way possible . I will be able to choose the most suitable candidate . I will be able to make sure the candidate is not discriminated against and therefore save costs and the reputation of Primark. If I was unable to interview a candidate appropriately I could ask a question that breaks the equality 2010. This would give Primark a bad reputation and they would be fined. In house training for the 3 Hours The HR manager in a meeting room Providing induction training for new retail sales assistants and making them feel welcome and at ease. No direct costs but I and the HR manager will need to be paid for the 3 hours. The HR manager will get paid  £60 and I will get paid  £22.71. The train journey from London to this Primark branch will need to be paid for which is  £21.10. The overall cost would be  £108.31. Me and the HR manager will not be productive for those 3 hours . The training may disrupt other members of staff and decrease productivity over the whole department. Customers may receive poor customer service as I will be unable to help them. I will be able to provide suitable training for the new retail sales assistants . I will educate employees about the effective use of technology ,ensure that Primark has the competitive edge, promote health and safety, create opportunities for career development and personal growth, helps employees comply with laws and regulations and improve productivity. This is important because this means the employees will give good customer service . If I trained the employees incorrectly they could decide to leave or they could injure themselves because I didn’t mention a health and safety rule. This would mean an employee would be harmed and Primark would have broken the health and safety act and could face fines. If the employees are trained badly they could give poor customer service which would drive the customers away to the competitors , which would lower sales.

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Abortion - Essay Example In the United States of America much of the legislation relating to Abortion has been set by judicial activism i.e. in the form of court rulings. While the effort of the congress to resolve the conflict on a legal foundation is welcome, it would be prudent to question if they alone can settle so cavernous and sensitive an issue. To see how wide ranging the conflict is, simply consider the fact that the Pro-Life and Pro-Choice activists prefer different terminology in their arguments. Thus, ‘Pro-Choice’ is interpreted to mean ‘Anti- Life’ and Pro-lifers consider the terms ‘fetus’ and ‘embryo’ dehumanizing; while in the opposing camp, referring to the fetus as an ‘unborn child’ is thought to be too emotional (Wikipedia). The laws relating to abortion in this nation is derived from the Supreme Court ruling on the famous Roe Vs Wade trial. That this ruling is not accepted by all is established by the fact that there are many US states that have passed various ‘Trigger Laws’ which would come into action if and when the Roe Vs Wade ruling is overturned (Reuters). Feminists today regard anti abortionist campaign as a direct infringement on their reproductive freedom (Willis). If the human fetus is declared as a human being from the moment of conception, then it implies that all abortions irrespective of the context would amount to murder and hence would be illegal in the eyes of the law. This is a very strong moral argument and is the starting point for all debates on abortion and has attained the centre stage in most forums (Willis). Various methods of logical deduction have been used to reach from here to the final step. Thomson has conjectured a number of situations and in each has considered the ethical question of whether the life of a fetus is more important than the life of its mother. In each case that he has hypothesized, he has

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Strategies for English Learners - Essay Example The strategies used need to consider other factors such as the critical period hypothesis, neurological, psychomotor and cognitive levels of English learners. Considerations for English Learning Strategies Proficiency in learning, reading and writing English can be achieved through various strategies. However the strategies need to consider various aspects of English learning. The critical period hypothesis is an important factor that needs consideration in any English learning strategy. The hypothesis postulates that there is a significant relationship between the ability of learners to acquire a given language and their age. According to ........, English learners in a linguistically rich environment could easily acquire the language within a given window period after which the students could require exertion of more efforts to acquire the language. Therefore, acquisition of proficiency in English could be accomplished early in life based on the critical period hypothesis. At this period, it is easier for children to acquire the language and other motor skills. Acquisition of the language after the period could be difficult and the learner might never attain full command of English. Neurology should also be considered in the strategies employed in learning and acquisition of proficiency in English. ... The language acquisition devices he developed has linguistics properties that distinguish speech sounds from other sounds, organizes linguistic data into various classes and engages in constant evaluation of language development. According to ............., the motor hypothesis maintains that babbling is a product of motor development in humans although some researcher do not agree. For instance, Pettito and other researchers propose that babbling is a neurolinguistic foundation. They argue that the rhythms of natural language can be determined biologically and therefore the babbling of babies is for them to discover the sounds of languages in their environment. Cognitive considerations for English learning strategies require that the learning techniques involve the abilities of humans for learning. According to ......., humans learn through taking of instructions, imitation of other people’s behaviour and observation. These learning abilities utilize the senses of endowed to individuals. Through cognitive learning, students go beyond simple imitation techniques to provide knowledge through mental or cognitive processes. The cognitive methods that could be used in English learning include the mental representation of physical objects and events in addition to processing of other linguistic information. Through cognitive process, English learners could learn by listening, watching, reading, touching and experiences. The learning process in cognitive may be passive since there is no motor movement. Affective consideration is another factor that must be considered while choosing the best learning method for English learning. Affective learning involves emotions. English

Contemporary British Film Culture -Critically discuss the role and Essay

Contemporary British Film Culture -Critically discuss the role and importance of social realism to contemporary British film culture. Use research and one or two film examples to illustrate your response - Essay Example While some directors may be focused on producing films that deal with some unrealistic issues and rely on special effects, other find a particular joy in creating films that depict the reality as it is and highlight the problems that real people experience in their daily lives. This paper will analyze two films that might be seen as prominent examples of British realism: This Is England (2006, Shane Meadows) and Kidulthood (2006, Menhaj Huda) exploring different aspects of it is providing that social realism is extremely important to contemporary British film culture. In order to do so, the analysis will include the political and social dimension that the films in question should be seen in, the connection between the issues raised and the British traditional culture, the focus on low and tabooed themes, the function of the films to express important ideas, the brutality of the realism shown as well as the necessity of realistic ethos, the trend of films that are shot for the youth t o show the actual affect of drugs, the rejection of narrative conventions to a certain extent to create a unique impact on the viewers. The first and one of the most important aspects that contribute to the significance of social realism in the contemporary British film culture focuses on the ability of such films to let different parts of the population express their views on the screen. Indeed, generally they are silenced in the social discourse because of various reasons and the public might be close to thinking that they almost do not exist if there is no â€Å"the bringing of hitherto neglected groups, hitherto unsaid truths, hitherto unexpressed attitudes on to the screen†(Murphy, 1992, p. 35). Nevertheless, when directors are courageous enough to let these people articulate their ideas freely, the rest of the population is able to hear this small minority. For

Psychological Case Study Essay Example | Topics and Well Written Essays - 1500 words

Psychological Case Study - Essay Example Background of The Case Jen was referred for psychological counseling by her teachers. Jen was a disciplined student and was very good at her studies. She never missed her school and was always prompt in doing her home work. Her performance at school was progressing day by day. She was quiet and docile by nature. However, at the same time, the social aspect of her personality was not flowering. Her parents had realized that her quiet nature and her habit of being alone had increased in past few months. With every passing day, Jen was becoming more and more private. Her friend circle was becoming smaller and she refused to mix with people. Her relationship with her siblings was also getting affected. She avoided playing with her siblings giving a reason of home work and studies. When the family had guests or relatives coming, Jen used to get worried. She avoided coming in front of people and gave one word answers when she was asked something. This behavior became consistent and Jen sta rted getting into a cocoon. Initially, her parents did not pay much attention as her performance in studies and at school was consistently good. However, they found that her social interactions and her interaction with the family members were decreasing day by day. Jen’s mother was worried as the number of phone calls from her friends started decreasing and her behavior with her siblings had changed a lot. Jen’s mother decided to take help of her teachers before Jen’s social behavior worsened. Hence, she contacted Jen’s teachers to discuss the changes in Jen’s behavior and personality. Jen’s teachers told Jen’s mother that even they had recognized a change in her behavior pattern. Even though Jen was consistent in her studies, her social behavior was changing dramatically. They told her mother that she has stopped participating in games and extra curricular activities. Her interactions with teachers and students in the class had also decreased to a great extend. She had become shy and aloof. The teachers also said that Jen used to ask lots of questions regarding her studies in the class. However, lately she had stopped even that. After talking to her mother, Jen’s teacher realized that Jen’s behavior was becoming threat to her progress and growth. Hence, after consulting her mother, Jen’s teacher referred her to the school counselor. Deeper study of Jen’s behavior and personality pattern revealed that Jen’s problem was related to her social life. Her fears related to social interaction were turning her into an introvert person. Diagnosis Assessment Interview is one of the most effective and result oriented tool for diagnosis and assessment of mental disorder. Interview not only allows a proper flow of information regarding the client but also gives an opportunity to the counselor to gain client’s confidence and trust. Hence, in Jen’s case, the ‘Anxiety Disor der Interview Schedule for Children’ (ADIS-C) was utilized to understand the nature of the disorder (Kearney, 2005, p. 72). The questions were structured around Jen’s social behavior, her thoughts regarding her social relationships and interactions, her emotional and physical response to social presence and overall behavior pattern when she is in presence of other people. (Kearney, 2005, p.73). Another reason why ADIS-C was used for assessment was that it also included a version for parent interview (Kearney, 2005, p.

Allopatric Speciation Is The Only Mechanism By Which New Species Arise Essay

Allopatric Speciation Is The Only Mechanism By Which New Species Arise - Essay Example Species: is defined by Mayr (1942, 1963) as quoted in Cowlishaw; Dunbar (2000: p.13), as a population of individuals capable of interbreeding, that is producing fertile offspring. According to Magurran et al (1999: p.2), Species is considered to be groups of populations reproductively isolated from other such groups by â€Å"isolating mechanisms†- genetically based traits that prevent gene exchange. Speciation: Brigatti; Martins and Roditi (2007: p.378) define Speciation as the process of the generation of two reproductively isolated populations, after which gene flow between the different taxa is absent in any form. That is, new species which are not capable of reproduction with each other are created as a result of speciation. According to the view of Evolutionary Biology, the creation of a new species comes about primarily through variation, the creation of mutants. These mutants might replace the parent species or live in a separate landscape, either way enhancing the competitive environment through a variety of phenotypes. The key to speciation lies in the elimination of inviable or maladaptive phenotypes, mutants of companies that are less successful (Dekkers, 2005: p.144). All populations of a species share a unique common ancestor and a gene pool. They can interbreed and produce fertile offspring under natural conditions. If and when gene flow between them stops, reproductive isolating mechanisms typically evolve. This is because, mutation, natural selection and genetic drift operate independently in each population. Such divergence may give rise to a new species (Starr; Evers, 2006: p.283). Mass extinctions, slow recoveries, and adaptive radiations are major macroevolutionary patterns. (Cowlishaw; Dunbar 2000: p.22) state that speciation in some groups has been dependent upon ecological release following the extinction of ecologically dominant species. Allopatric Speciation: Allopatric Speciation occurs when a geographical barrier cuts off

John Clare Essay Example for Free

John Clare Essay John Clare (1793-1864) was born on July 13 at Helpstone, a village in Northamptonshire, close to the Lincolnshire fens. His father, Parker Clare, worked as a farm laborer. In his spare time his father was also a rustic wrestler and ballad singer. Clare attended a dame school in his native village, and then went to Glinton School in the next village. When his father became ill with rheumatism, Clare began work first as a horse-boy, then ploughboy, then as a gardener at Burghley House. In 1812 he enlisted in the militia, returning home eighteen months later. He met Martha Turner in Casterton, who joined the Clare family just before the birth of the first of their eight children. Clare’s first book of poems appeared in 1820, published by Hessey and Taylor. The volume ran to four editions in the first year, and he became celebrated in London literary society as the â€Å"peasant poet†. In 1837 Clare was admitted into Mathew Allen’s private asylum of High Beech in Epping Forest, where he stayed for four years until he discharged himself, walking the eighty miles home to Northborough in three days, eating grass on the way. He wrote two long, suffering poems, Don Juan and Child Harold, which documented his precious mental state. He was certified insane by two doctors in December 18841 and was admitted to St, Andrews County Lunatic Asylum in Northampton, where he was treated well and continued to write, producing many short, semi-mystical poems. John Clare later passed away in the institution in 1864 at the age of 71. First Love I neer was struck before that hour With love so sudden and so sweet, Her face it bloomed like a sweet flower And stole my heart away complete. My face turned pale as deadly pale. My legs refused to walk away, And when she looked, what could I ail? My life and all seemed turned to clay. And then my blood rushed to my face And took my eyesight quite away, The trees and bushes round the place Seemed midnight at noonday. I could not see a single thing, Words from my eyes did start They spoke as chords do from the string, And blood burnt round my heart. Are flowers the winters choice? Is loves bed always snow? She seemed to hear my silent voice, Not loves appeals to know. I never saw so sweet a face As that I stood before. My heart has left its dwelling-place And can return no more First love is a poem, which shows the experience the poet has falling in love for the first time. It is rejoicing the love he attained for a woman named Mary Joyce however there is sadness and a feeling of dissatisfaction hovering in the background. This feeling exists, as the love was unrequited. The poem has an underlying tone of innocence and flurry of emotions as it is the poets very first attempt at love exhibiting his feelings for Mary. The opening of the first stanza only shows how sudden and unexpected the feeling was as he was never â€Å"struck before that hour†, this is followed my sibilance alliteration so sudden and so sweet further emphasizing on the shock and bewilderment of the overwhelming feeling confirming it is a new experience. He uses his heart as a symbol that she has stolen completely away however unknowingly. The paragraph continues to describe how he physically felt ill as his face turned pale a deadly pale. Generally when a person falls in love the instinct is that the blood rushed to the face, which occurs as a latter reaction. This could be because he probably already sensed that the love could not be returned as he didn’t say anything to her instead he hoped that his eyes would convey the message â€Å"words from my eyes did start†. He never came close to even touching or  talking to her however the line â€Å"all seemed to turn to clay† conveys the strong affection he attained for her. He also shows how the woman is in control of their relationship as she could mould and re-mould him as per her wish. In the second stanza he goes on to describe more of his emotions brought forward by this interaction. He makes it quite visual for us of how the love has its affect on him and how he flushes with embarrassment so much that for a moment he feels blind. The physical impact of love relates the experience of love and loss.

Capital Market Essay Example for Free

Capital Market Essay Concept, Security market, Primary Secondary markets-Functions Role, Functionaries of stock exchanges-Brokers, Sub- Brokers, Jobbers, Consultants ,Institutional Investors NRIs. Definition of Capital Market Capital market is the market from where long-term capital raised for industry, trade and commerce and long-term securities are transacted. It is a well-organised market for providing long-term capital whether in the form of securities or borrowings. Distinguish between Money Market and Capital Market. Two main components of financial market are — (1) capital market and (2) money market. Main aim of two markets is to supply money in industry, trade and commerce. The differences between the two markets are discussed here : 1. Definition: Capital market is the market from where long-term capital is collected for the purpose of industry, trade and commerce. Money market is the market from where short-term capital is collected for industry, trade and business. 2. Types of Capital: Capital market supplies long-term capital mainly. Money market supplies short term capital generally. 3. Use of Capital: Capital collected from capital market is used to purchase fixed asset and meet deficiency of current capital. Capital collected from money market is used to meet current capital only. 4. Impact: Capital market creates scope for investment in industry and business through indirect securities transaction. Money market creates scope for investment in agriculture, industry and commerce directly. For example — money market arranges cash credit system in agriculture. 5. Protection of Interests: Capital Market makes arrangement for investment to protect the investors’ interest. Money market makes arrangement of investment for their own interest with depositors’ money. 6. Ancillary Functions: The members of capital market do not usually perform ancillary functions on behalf of clients but they may render institutional services. The members of the money market performs different types of ancillary functions, such as purchase of shares and debentures, co llection of dividend, keeping of valuable articles in custody etc. on behalf of their clients. 7. Underwriting Functions: Underwriting of shares and debentures are one of the main functions of capital market. Underwriting of shares and debentures of companies are secondary functions of money market. 8. Constituents: The constituents of capital market are — insurance company, investment trust, underwriters, and government and private organisations. Money market is composed of Reserve Bank of India, commercial bank, cooperative society, indigenous bankers and investors. 9. Segments: Capital market may be divided into two segments viz. new issue market and secondary market. The important segments of money market are: Treasury bill market, commercial paper, call money market, certificates of deposit markets. 10. Regulation: Capital market in India is mainly regulated by the Securities and Exchange Board of India. Indian money market is regulated by The Reserve Bank of India. Describe the features of Indian Capital Market. The features of Indian capital market are discussed here : (1) Lack of Specialised Agencies: Industrial bank, underwriting agencies, share issue house — all these expert institutions are found in capital market of foreign countries. But such expert organisations are absent in capital market of India. (2) Capital Supply by Managing Agent: In India the custom of supplying capital by managing agent is not found in any other country of the world, though this custom has been abolished now. (3) Establishment of Capital Supplying Agency: A good number of financing institutions have been set up in India at the initiative of the government. All these institutions are more important than private financing institutions in the capital market of India. (4) Governmental Efforts: Investment trust and insurance companies which play important role in other countries do not play the same role in India. So, to stabilise capital market in India, UTI and LICI have been set up by government initiative. (5) Arrangement of Long-term Loan: Different investment institutions make arrangement of longterm loan for industry and commerce in the capital market of India. Help to National Growth: One of the main features of Indian capital market is that it helps national development. Collecting small savings of people, Indian capital market forms a monetary fund. This money is utilised for national development in many cases. Describe the functions of Indian Capital Market. The standard of development of a country can be realised from the functions of capital market. Development of any country depends on the formation of capital of that country. So, importance of the functions of capital market is immense for economic development of the country. Function of Indian capital Market is as follows: Help to Establishment and Expansion of Industry and Commerce: Fixed capital is required for establishment, expansion and continuity of industrial and commercial institutions, capital market supplies necessary money for these requirements. Arrangement of Long-term Loan : Long-term loan is required for establishment or expansion of business. Different investment institutions under this market make arrangement for providing long-term loan in industry and commerce. Help to Public Enterprise : Capital market also helps in transaction of securities of 7 public enterprises. Help to National Growth: Capital market forms a monetary fund from the collection of small savings of the people. This money is utilised for national development in many cases. Motivation to Savings : As capital market is an organised market for long-term investment, both corporate sector and investment sector have great confidence in it. This market encourages the people in savings by creating scope for investment in securities of different profiteering firms. Advisory Functions: investors cannot always choose profitable shares or securities. There are a large number of experienced brokers in capital market who assist the investors by rendering advice relating to investment. Mobility of Savings : Capital market keeps savings of the country mobile by creating scope for investment in profitable securities. Functions of Underwriter: Underwriting of shares and debentures are one of the main functions of capital market. Capital Formation : One of the main functions of capital market is capital formation. Small savings of people are deposited in capital market as investment and form a monetary fund. Long-term loan is provided to different business institutions from this monetary fund. Create Ready Market: Transactions of securities are regularly held in the capital market. Thus give the scope to the investors to collect money by selling securities in their need and to purchase securities in right time. Describe the constituent of Indian Capital Market. The constituents of capital market are — (a) investment trust, (b) insurance company, (c) securities market and (d) special financing institution. Let us describe them in details: Investment Trust These institutions are formed as Joint Stock Limited Company. These institutions collect capital by selling own shares and debentures and supply capital to the industrial concerns through the purchase of their shares and debentures. Remarkable Investment Trusts of our country are — The Tata Investment Trust (Pvt. Ltd.), The Investment Corporation of India Ltd., The New India Investment Corporation Company Ltd. [â™ ¦ Advantages of Investment Trust (1) Profitability : From small investors point of view investment of their small savings in investment trust is more profitable. (2) Less Risk : Investors are assured of safety to their investment in investment trust. (3) Capital Formation : Investment trust creates the habit of savings among common people. As a result capital is formed and that capital helps expand industry in the country. ⠝â€" Disadvantages of Investment Trust (1) Non-disclosure of Information : Investment trusts do not disclose all information regarding investment of investors. As a result investors remain in the dark about many factors of investment. (2) Personal Interest: Many times management of investment trusts invest the money of investors in small profitable institutions for personal interest. As a result interests of investors are dissatisfied.] Insurance Company Insurance companies collect much money as premium and invest this amount in long-term securities of different institutions. Of the insurance companies LICI has the most influence. ⠝â€" Advantages of Insurance Company (1) Stable Return : If any policyholder makes insurance for certain amount of premium under LICI, at the maturity of the policy, the policyholder gets back insured money along with bonus and interest. If the policyholder expires by any means, his nominee is provided with the fixed amount of money. (2) Encouragement to Savings and Investment: Insurance company encourages common people in small savings and teach him to invest his savings profitably. (3) Facility of Ploughing Back Profit: The profit available from invested money in the insurance company is re-invested. As a result amount of refundable profit goes on increasing every year. Securities Market The market where transactions of securities are held, is called securities market. Securities market is classified into two sectors — (1) new issue market and (2) share market. Both types of securities markets are significant for long-term investment. Special Financing Institutions Lack of capital is the main reason of under-development of trade and commerce in India. To dispel this deficiency many financing institutions have been set up at the initiative of the Central and State Government. Of these Industrial Finance Corporation of India and National Industrial Development Corporation are important. Indian capital market improved a lot with the help of these institutions. ⠝â€" Advantages of Special Financing Institutions (1) Granting Long-term Loan : These institutions grant long-term loan to different industries. (2) Underwriting: All these institutions act as underwriter in case of issue of new shares. (3) Foreign Capital: There are a good number of financing institutions like ICICI which help much to bring foreign capital. Besides — (a) provident fund institutions and (b) building institutions also helped a lot for the development of Indian capital market. What do you mean by Securities Market? Securities include shares, scrip, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate. Generally the market where the transaction of such securities is field or the institutions which help to sell or resell share or debenture are called securities market. Securities market is divided into two sectors — (a) new issues market or primary market and (b) share market or secondary market. Both types of securities market are important for long-term industrial investment. What is New Issues Market? Describe the features of such market. The primary market or New Issues Market is that part of the capital markets that deals with the issuance of new securities. Companies, governments or public sector institutions can obtain funding through the sale of a new stock or bond issue. This is typically done through a syndicate of securities dealers. The process of selling new issues to investors is called underwriting. In the case of a new stock issue, this sale is an initial public offering (IPO). Dealers earn a commission that is built into the price of the security offering, though it can be found in the prospectus. Primary markets create long term instruments through which corporate entities borrow from capital market. The features of New Issues Market are as follows: (1) New Issues Business: New issues market deals in new issues. Therefore, the securities which were not available before will be issued to the investors for the-first time and these will be sold from this market. (2) Supply of Additional Fund : As new issues are sold from new issues market or primary market, therefore, the issuing amount of securities supplies excess fund to institutions. So, this market is directly related with financial supply of issuing institutions. (3) No Centralised Control: New issues market is not under central control and administration for the fulfillment of its business. (4) No Institutional Structure: New issues market is not confined to a particular place. So, this market has no geographical existence. In a word, it can be said that new issues market has no institutional structure. (5) Help to Entrepreneurs : To help the entrepreneurs who wish to take up new venture or like to expand present venture is t he main function of this market. Describe the Functions of New Issues Market or Primary Market New issues market deals in new securities. Therefore, the securities which were not sold before and will be issued to the investors for the first time, are sold from this market. Important functions of this market are discussed here : (1) Help to Entrepreneurs : Main function of new issue market is to help the entrepreneurs who like to take up new venture or expand their present venture. (2) Supply of Excess Fund: As new issues market deals in new issues, money collected by issuing securities supplies excess fund to the institutions. (3) Help to Transfer of Savings : This market helps much to transfer the savings of the savers to the entrepreneurs. In a word, it helps utilise saved money in productive use or constructive function. (4) Function of Primary Enquiry : This market also performs the function of primary enquiry into the legal and financial sides of the new issues companies. (5) Advisory Functions: This market renders some service in the form of advice to the new issues companies. Remarkable among these advice are — (a) determination of types of investment, (b) price of new issues shares in the context of the share market situation,(c) determine the time of issue of new shares and importance, (d) procedure of issues, (e) sale’s technique etc. (6) Underwriters’ Functions : New issues market helps new companies very much through underwriters. Underwriters are one kind of brokers, who promise to sell off definite amount of securities. (7) Distribution Functions : Function of distribution depends on the method of transferring securities in the hands of the investors. This market performs this function very well with the help of skilled and expert brokers and sub-brokers. (8) Help to Development of Industry : New issues market is not confined to a particular place. It has no geographical existence. So, the entrepreneurs can take help of this market in any part of the country. Describe the procedures of Marketing of New Securities under New Issues Market. New issue market is known as primary market for issue of securities to raise fresh capital. Procedure of this marketing is discussed here : 1. Public Issue through Prospectus : It is the natural procedure for collection of money for public companies. The company appeals to people directly to purchase share and debenture through publicity. The prospectus makes people aware of future prospect of the company and the objectives of the use of collected money. Those who are willing to purchase share on the conditions advertised in the prospectus lodges application to the company to purchase shares in response to the appeal of the company. In this process wide publicity is possible along with sale of shares. 2. Sale through Brokers : Securities of the company may be sold through brokers. At present many experts, banks and insurance organisations function as brokers. Brokers get proper commission for this job. 3. Sale through Underwriters: Underwriters are a kind of broker who are bound up with underwriting contract with the company giving assurance of selling a definite portion of shares. Underwriters purchase the shares they fail to sell. They get commission in exchange of their job. Rates of commission may be different for different securities. Of course there must be proper guide line during this in the rules of the company. This system is considered to be the best means for sale of securities. 4. Sale through Investment Institutions/Private Placement: Under this method the issuing company generally engages the investment institutions as stock brokers to sell securities. Investment institutions generally buy total shares or debentures of the company at an agreed price. 5. Issue of Bonus and Right Shares : As per Companies Act any existing company can increase its capital by selling their new shares. But if such decision is taken, the rule is to dispose of the shares proportionately to the present shareholders. If present shareholders are unwilling to purchase or if a special resolution is taken by the shareholders that the shares be sold to the public first and if such proposal is approved by the Central Government, the shares may be sold to the public in this way. This method is called issue of bonus and right share. 6. Sale through Employees : Many companies sell securities to their employees and collect money. This system improves the relationship between industrialist and labours and grows eagerness and enthusiasm for work among the workers. Write a short note on Book Building An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. This Initial Public Offering can be made through the fixed price method, book building method or a combination of both. Book Building is essentially a process used by companies raising capital through Public Offeringsboth Initial Public Offers (IPOs) or Follow-on Public Offers ( FPOs) to aid price and demand discovery. Usually, the issuer appoints a major investment bank to act as a major securities underwriter or bookrunner. It is a mechanism where, during the period for which the book for the offer is open, the bids are collected from investors at various prices, which are within the price band specified by the issuer. The process is directed towards both the institutional as well as the retail investors. The issue price is determined after the bid closure based on the demand generated in the process. The Process: †¢ The Issuer who is planning an offer nominates lead merchant banker(s) as book runners. †¢ The Issuer specifies the number of securities to be issued and the price band for the bids. †¢ The Issuer also appoints syndicate members with whom orders are to be placed by the investors. †¢ The syndicate members input the orders into an electronic book. This process is called bidding and is similar to open auction. †¢ The book normally remains open for a period of 5 days. †¢ Bids have to be entered within the specified price band. †¢ Bids can be revised by the bidders before the book closes. †¢ On the close of the book building period, the book runners evaluate the bids on the basis of the demand at various price levels. †¢ The book runners and the Issuer decide the final price at which the securities shall be issued. †¢ Generally, the number of shares are fixed, the issue size gets frozen based on the final price per share. †¢ Allocation of securities is made to the successful bidders. The rest get refund orders. Advantages of Book Building: 1. It reduces the duration between allotment and listing of shares. 2. It discovers the selling price of the shares. 3. There is very little scope of manipulating the price before listing. 4. This method is a reliable procedure for allotment.