Problems & Prospects of Women Entrpreneurship

EXECUTIVE SUMMARY In Bangladesh, a large number of women work in the informal sector, but the real value of their participation and contribution is not recognized in the society. Differences and inequalities between women and men exist in terms of opportunities, rights, and benefits. There are various constraints in the way to the up-gradation of their skills and enhancement of their productivity. These include poor access to market, information, technology and finance, poor linkages and networks with support services and an unfavorable policy and regulatory environment.However, it is heartening to note that despite many barriers, a new women’s entrepreneur class in the Small and Medium sector has developed in the country taking on the challenge to work in a male dominated, competitive and complex economic and business environment. It has been found that at present women entrepreneurs constitute less than 10% of the total business entrepreneurs in Bangladesh whereas women in a dvanced market economies own more than 25% of all businesses.Inspire of these, in Bangladesh, not only have the women’s entrepreneurship improved their living conditions and earned more respect in the family and the society, but they have also contributed to business and export growth, supplies, employment generation, productivity and skill development . our study includes introductory part that contain introduction about women entrepreneur , scope of women entrepreneurs, objective of our study, methodology, limitation of report that we found to prepare our report on problem and prospectus of women entrepreneur in Bangladesh.In second part, we explain literature review that contain problem and prospectus of women entrepreneurship in Bangladesh. To explain these problem and prospectus of women entrepreneurship. We also explain scope, source, characteristics, growth, profile of some successful entrepreneur, their barriers and the way to overcome the barriers and future scope of women entrepreneur in Bangladesh. In third part, we explain our findings from surveying some women entrepreneurs around us. Here we express our findings by some descriptory relevant points.Concluding some of our findings, recommendation in our respects and I tried to set a figure that I've found in this study of problems and prospects of women entrepreneurship in Bangladesh. There adding some recommendation to the study. I finish my summary. INTRODUCTORY PART OF STUDY INTRODUCTION: Bangladesh is still a poor country, but she is rich in human resource. In Bangladesh women constitute slightly less than half the population. The majority of them are underprivileged, under nourished, illiterate and poor. There are not enough employment opportunities for women.Therefore, economic activities, through self-employment have become essential for potential working women. As a matter of fact, women entrepreneurship or â€Å"women in business† is a very recent phenomenon in Bangladesh. Al though women are taking to entrepreneurship in many challenging fields, their activities in Bangladesh are not that extensive. In spite of fewer opportunities, many women have succeeded in business, but they are still very small in number. But it is true that they are overcoming their obstacles and build a strong contribution in our national economy. Objective of the studyThe overall objective of the study is to identify the problems and prosperity of women entrepreneurship in Bangladesh. The objective of our study is described in below: a) To identify the present status of women entrepreneurs in different sectors and the role of women entrepreneurs in the national economy, b) To determine the women entrepreneurs profile, their success indicators with reference to a particular sector c) To examine and assess the socio-cultural/educational and legal barriers to women's entry into enterprise, as well as performance and growth in entrepreneurship ) To examine the issues need to address to increase access to economic opportunities and formal inputs which promote entrepreneurship development. e) To review the current policies towards gender equality and identify gaps; f) To examine how women’s business associations can strengthen women’s position in business and international trade promotions; g) To indicate areas in need of further research with understanding of economic contributions by female enterprise owners; h) To provide strategic directions on how to promote and strengthen potentiality of women entrepreneurs in Bangladesh.Scope of the study The scope of the present study covers women entrepreneurs of 34 districts of Bangladesh, irrespective of their ownership pattern and type of enterprises. The study also makes an attempt to project a broad view of the status of the existing women entrepreneurs in Bangladesh. Some important factors such as personal, social, psychological and economic-factors have been examined in order to understand whether t hese facilitate or constrain women to emerge as successful entrepreneurs.The study also throws light on women entrepreneurs’ strength and weakness that have impact on entrepreneurship on the socio-economic status of both urban and rural women and their living conditions. Methodology Selection of Study Area: He sample data is collected randomly from different parts of Bangladesh. Sampling Design: Random sampling procedure was followed to select the sample. the number of total sample is 10. Sample was taken from Dhaka and Chittagong City. The Questionnaire: A set of questionnaire was prepared to conduct the field survey.The questionnaire contain some relevant question about women entrepreneurship and their problem and prospectous in this field. Method of Data Collection: Our method of data collection are based on: * Primary Data * Secondary Data * Questionnaire Survey * Questionnaire Interview * Website Limitations of the study Since the study is based on problems and prospectu s of women who engaged in Bangladesh, it has some obvious limitations. These are as follows: * 1 . Data collection through primary source or through interview was a time consuming matter. The respondents sometimes were found non-cooperative with the interviewers. 2 Present study covered women problems and prospectus in entrepreneurship sector. Large scale business had been kept outside the purview of the present study. * 3. Gathering information from some of the women entrepreneurs was sometimes very difficult and extremely time-consuming. They did not give enough time to the interviewers. * 4. Further, it was also found that women entrepreneurs have a tendency to disclose lower income and higher expenses. They think that this would help them to get more credit. This is considered to be a limitation to the research study. * 5.Contacting women entrepreneurs to gather information was a very difficult task. * 6. The study was conducted among women entrepreneurs all around Bangladesh wh ere all the Upazillas were not covered and as such this may not reflect the total picture of Bangladesh relating to women entrepreneurs. * 7. In view of time and resource constraints, conducting a comprehensive study in full depth and width has not been possible. Literature review A. Concept of women entrepreneurship Women Entrepreneurs may be defined as the women or a group of women who initiate, organize and operate a business enterprise.Government of India has defined women entrepreneurs as an enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of employment generated in the enterprise to women. Like a male entrepreneurs a women entrepreneur has many functions. They should explore the prospects of starting new enterprise; undertake risks, introduction of new innovations, coordination administration and control of business and providing effective leadership in all aspects of business. It is noticeable that en trepreneurship development and empowerment are complementary to each other.Women empowerment depends on taking part in various development activities. In other words, the involvement of women in various entrepreneurial activities has empowered then in social, economic and cultural fields. The power of an access to taking decisions has increased for women in Bangladesh, within as well as outside the family. Yet, women entrepreneurship development varies across rural and urban areas B. Growth of women entrepreneurship in Bangladesh: Ten years ago, a majority of the women workers in Bangladesh worked in the informal sector.They were mostly unpaid and did not contribute directly to formal economic activities. However, the demographic structure of the labour participation in Bangladesh is witnessing a remarkable change. An increasing number of women are working in the formal sector as entrepreneurs and paid workers, a situation that was not seen in the past. This gradual transformation o f women’s participation from the informal to the formal sectors has resulted in an upward mobility in the social and economic status of women, especially that of poor women in the country.In order to gain an understanding of the current situation, it becomes important to trace the factors that are contributing towards a progressive transformation in the status of women in the country. Since the early 1990s, the growth of manufacturing industries provided women an opportunity to enter the formal labour market. A large number of rural women migrated to cities at a very young age, thereby reducing women labour in agriculture in rural areas. A new generation of women workers emerged in the country that was financially independent and lived alone in urban areas without male supervision.Moreover, expansion of credit facilities gave women access to funds. Initially, women had access to less than one percent of the credit in the formal banking sector in Bangladesh. However, with the advent of the micro finance sector, many women had the opportunity to actively participate in income generating activities. Women, who mostly participated in non-farm activities and homestead farming, engaged in small-scale production, especially in rural areas. On an average, women earn 40% less than men in Bangladesh and have limited ownership over assets.Although there is a persistent problem of under-remuneration of women employed in formal sector activities, the potential of women’s economic contribution is slowing gaining recognition. Along with the expansion of the manufacturing sector and credit facilities, the growth of the Non-Governmental Organisations (NGOs) has had a positive impact on women’s empowerment. A good number of NGOs engaged women not just in implementing development projects but also in the planning and designing stages. Women were actively involved in all stakeholder consultations. As a esult, women’s role and participation in health an d community development activities has been steadily increasing at the local level. At the same time, active participation in development projects has raised women’s awareness on their legal rights and benefits, which is also contributing towards their empowerment. In 2009, women’s labour force participation rate stood at 31. 5%, an increase of around 2% since 2005. During this period, although the participation of women in the labour force has increased by roughly 1 million as compared to 3 million of men, there is definitely a progressive change taking place.The changing role and status of women in Bangladesh today is characterized by increased opportunities. A research study conducted by the Bangladesh Women Chamber of Commerce and Industry reveals that women entrepreneurs are more likely to hire other women. In addition to creating jobs opportunities for women, such a trend will result in an overall increase in the progress of women in the country. Greater particip ation of women in remunerative work will not only improve their living conditions but also improve their bargaining positions.Employed women will have better access to mainstream banking services which will help them to save and invest their income in tangible assets. Furthermore, formal sector employment opportunities for young women could reduce early marriages. Roughly 33% of women aged 15-49 in Bangladesh get married before the age of 15. Participation of young women in formal employment will not only prevent early marriages but also reduce fertility rates and health-related problems caused by early marriage.Looking ahead, while access to labour markets is rising for women, capacity building services for women workers such as comprehensive training programs need to be developed alongside in the country. One of the important challenges faced by most women entrepreneurs is lack of access to market information. Therefore, supportive infrastructure such as information centres must b e established to disseminate information on potential buyers, available technology and finance, which will make their business sustainable and profitable.Addressing such key challenges presents a strong prognosis for women’s employment in the long run, which will in turn result in greater empowerment of women and gradually eliminate social barriers in the country. C. Main scope: Scope of women enterprise covers a wide range of activities. The activities which are found particularly amenable to and can be successfully. The scope of women enterprise are represented: Figure: Scope of Women Entrepreneurship in Bangladesh D. Capital Structure: Capital is most important part to start up business.Women take initiative to start their business if she is financially strong or if she get financial support. We can define the capital structure of women in two way- 1. Long Term Sources 2. Short Term Sources 1. Long Term Sources: These are the loans taken for a fairly long duration of time ranging from 5 to 10 years or more. Long term loans are raised to meet the financial requirement of enterprise for acquiring the fixed asset including land,building,plant and machinery etc. Figure: Sources of Long Term Capital 2. Short Term Sources:Short term capital is obtained for aperiod upto 1 year. These are required to meet the day to day business requirement. In other words,short term capital is obtained to meet the working capital requirement of the enterprise- Figure: Sources of Short term capital E. PROFILE OF SOME SUCCESSFUL ENTREPRENEUR The assignment also includes conducting of 30 case studies of women entrepreneurs in Bangladesh. The entrepreneurs were selected for the purpose at random. However, the accessibility of the entrepreneurs in terms of their time and convenience was also a factor in the selection.The studies are presented in the following pages. The case studies mirror some important aspects of women entrepreneurship in Bangladesh. PROFILE 01: BRIDAL WEAR AN D FASHION DESIGN: DALSANEA Dalsanea, an exclusive fashion house is a popular brand name to Bangladeshi fashion loving people. The enterprise represents the beauty, women power and sprit of our time. Inspired by the theme, the enterprise was established in 1989 in Chittagong by Afsana Ahmed Shoma, the Chief Executive. Shoma is a truly self motivated business woman. Although she is an M.Com (Finance), had a great interest in women fashion from her teenage life with a dream to be a fashion designer which inspired her for establishing the enterprise. She learns from new fashions that came to her notice. Today, she is specialized in wedding outfit design. Now Shoma is using a rented house in Dhaka as her work place and residence. She employs over 60 men and women to design and manufacturing wedding and party collection and soft evening dresses. She also uses contract workers for minor initial works. She is looking forward to establishing a separate workshop for her business, if financial support from banks is available.The demand for her products is quite high and she has no marketing problem. Her products go mostly in big cities such as Dhaka and Chittagong. Most of the time, she receives advanced orders from the showroom owners of the big cities. She has participated in a number of national and international trade fairs and received recognition for her customized fashion brand. Investment: Originally, she invested about Tk. 1. 5 lakh in her business mostly from her own savings and borrowings from the close family members and about Tk. lakh from a private Bank and repaid. Recently, she applied for a loan of Tk. 10 lakh to MIDAS financing limited and the application is under process. Today the total investment in her business amounts to about Tk. 40 lakh. Income /Expenditure: Her average turnover per month is over Tk. 60 lakh with an operating cost of Tk 35 lakh. Social and environmental factors: The social factors that generally hinders Bangladeshi women in taking up business as a profession does not affect her much although her family members could not take her decision positively.However, she has overcome these problems with perseverance and determination. Environmental problems don’t affect her much since the by products from her operation are mainly dry and degradable materials that are disposed by the Municipal waste collector. She is a member of several professional bodies and a familiar person in business and social life.. Future Prospects: The Dalsanea has good prospect for further development. At present, it is growing at the rate of about 25% per year. It has a plan to export mainly in the South Asian region. PROFILE 02: LEATHER AND JUTE GOODS: KARIGARKARIGAR, a leather and jute goods producing enterprise is a pride and inspiration of young entrepreneurs in Bangladesh. The enterprise was established in 2005 by a young graduate in Leather Product Technology, Tania Wahab and her friend. Tania is a self motivated business woman at a time when a large number of young professionals look for job after graduation instead of becoming entrepreneur. Bangladesh is an exporting country of lathe products and jute goods. Animal skin and hide are available in Bangladesh and the climate made the country as the producer of best quality jute in the World.After graduation, Tania spends no time to take the advantage of raw materials availability in the country and the skill she acquired from the Bangladesh College of Leather Technology to fulfil her dream to be a business women. She is a self motivated, energetic and heard working woman with keen interest to learn. Although Tania is specialized on leather products but she is learning business management by doing. KARIGAR has two factories and a showroom in Dhaka- the second showroom is on the way. It has over 50 products such as Leather goods (jacket, wallet, belt jewellery box, slipper etc. , Jute goods (bags, cushion cover, table matt, table runner etc. ) and promotiona l items. The company employs 35 people of whom 95% are women to run the factory and the showroom. The enterprise also uses contract workers during the peak season. Tania is looking forward to establish an international standard factory in course of time. She markets her products by selling from her showroom and supplying to different client’s office on order. She has participated in national and international trade fairs with her products and gain respects. Investment: Initially, she and her friend have invested about Tk. 0. lakh in the business mostly borrowing from the close family members. Today they have accumulated about Tk. 15 lakh as operating capital. This year they borrowed Tk. 5 lakh from a private Bank. Social and environmental factors: The social factor affected her very much, initially. Fellow business men at the hub of Leather business in Dhaka could not believe that she will survive with the business because she is a woman. Gradually she has overcome these prob lems with enthusiasm and determination and become a member of their association, which makes her presence acceptable to the member of the association.Environmental problems, especially disposal of waste materials affect her and she is trying to dispose the waste, scientifically. She is a member of several professional bodies. She is a resource person in different training programs. In 2006, Tania received National Best WomenEntrepreneur Award from SME Foundation, Bangladesh and listed as a raising business woman of Bangladesh by the International Trade centre, Geneva. Income /Expenditure: Her average turnover per month is over Tk. 10. 0 lakh with an operating cost of Tk 8. 0 lakh. At present the enterprise is growing at a rate of about 60% per yearFuture Prospects: KARIGAR’s products have good prospect for marketing both at home and abroad. The enterprise exported about Tk. 18. 5 lakh worth of leather, jute and leather-jute mix products to UK and Australia in 2007-8 through a buying house. To increase the export, the enterprise must have international standard environmental friendly workshop for which Tania has a plan to setup. However, she needs promotional support from SME Foundation and long term loan from banks. PROFILE 03: HEALTH FOOD: EYA DON ENTERPRISE EYA DON, an exclusive health food supplier is a popular fast food in Dhaka.The enterprise represents the quality; test andnutritious food for all. Khalida Ahmed, the director, is a children story writer, wanted to do something for the children. She is a very good cook of specialized Indian food from her family life and develops her brand with special sugar content food which is good for children test and growth. Khalida raised her three children and learned the requirement Of nutritious and healthy food for children. She is now an expert of testy food especially for children. With the help of husband and other family members, she established the enterprise in 2000 at Mohammedpur, Dhaka.Khalida is a truly motivated social worker and business woman. She makes ready polau in 10 minutes, prepares Makhna, a special nutritious food for children, mixed acher (pickles), frozen kabob and many other food items. Eya Don’s food items received Bangladesh Standard and Testing Institute (BSTI) approval for marketing by fulfilling quality, nutrition and hygienic requirements. Khalida is using a rented house in Dhaka as her work place and residence. She employs seven men and women to prepare and market food items. She also uses contract workers for minor initial works.She is looking forward to establishing a separate kitchen for her business, if financial support is available. She supplies foods to schools, Government and non-government offices on a contract basis. She also markets her products through super stores such as Agora, Nandan, Destiny, Prince Bazar etc. in Dhaka. She also made push sell, participated food fairs in Bangladesh. In 2004 she has exported a ton of frozen food to UK but could not continue due to lack of sufficient fund to build a bigger factory. Investment: Originally, she invested about Tk. 1. lakh in her business mostly from her and husband’s saving. She has now accumulated about Tk. 20. 0 lakh as operating capital. Recently, she applied for a loan of Tk. 8. 0 lakh to MIDAS financing limited and the application is under process. Income /Expenditure: Her average turnover per month is over Tk. 1. 5 lakh with an operating cost of Tk 1. 2 lakh. Social and environmental factors: The social factors do not affect her much rather her husband and family members helped to establish the enterprise to keep her busy when children grown up. Environmental problems don’t affect her.She is a member of several professional bodies and a familiar person in business and social life. Future Prospects: The EYA DON Enterprise is growing at the rate of about 16% per year with good prospect for further growth. It has a plan to establish a frozen food factory with international standards for which the staff needs HACCP training; technical know-how and the company need financial support. F. Problems of women entrepreneurs in Bangladesh: Our study paid a lot of attention to investigate the challenges and problems faced by women entrepreneur. According to the study 94. % entrepreneur face different types of challenges and 5. 95% does not face any challenges or problems to start their enterprise. The challenges or problems are categorized in following ways: Figure: Problems of women entrepreneurs in Bangladesh 1. Financial Problem: Inadequacy of capital is the main problem of women entrepreneureneurs. Women have limited capital mainly from family savings and for initial capital they have to resort to the relative and other sources. For bank loan women need to give the collateral. Most women cannot expand their business due to financial problem.Marketing: Absence of marketing facilities for women or easy access and the absence of prop er sales centre are some of the major obstacles to do business. Women supply their products in markets through middleman. Due to shortage of capital women cannot afford to establish sale centers and they cannot expand their market for this. Raw Material: Women often face problem of price increase of the raw materials they use and have to pay high rate for retail purchase. Due to lack of capital they cannot purchase bulk quality of raw material and have to pay a high rate for retail purchase.Price: Due to lack of market facilities women do not get the proper prices for their products,which are under priced by the customers or wholesalers who order their products. Other problems arise when the buyer does not provide the actual price or the wholesalers takes goods on credit. Labor: Moreover, on-availability of efficient or skilled labor is another problem. Equipment: Lack of improved equipment and machinery,existing competition faced due to expansion of production. 2. Political Problem : Political unrest like hartal /strike hindrance brings harm to their business .In that time the entrepreneurs face a problem to produce and sale their goods . 3. Family problem: Some entrepreneur‘s mention that they also face family problem, they cannot spend. Much time for their business because they are engaged with their house hold work and take care their children . Women are in traditional and skill based business because the household members want that women should be involved in home based business which require less mobility or interaction mainly women customers . 3. Social problem: Women are handicapped in the current centralized wholesale market set up controlled by men.The men in business do not welcome women’s entrance in the market and they often discourage women. Women entrepreneurs are often cheated by their male partners. 4. Transportation Problem: Linkages with the markets and flow of constant supply of product are hampered by the lack of quality trans portation problem. 5. Lack of technical problem: Technology is changing and women have very little access to new technology and market information. Women normally work within a small geographic area with limited mobility. 6. Stiff Competition:Women entrepreneurs do not have organizational set up to pump in a lot of money for canvassing and advertisement. Thus,they have to face a stiff competition for marketing their products. 7. Limited Mobility: Unlike men, women mobility in Bangladesh is highly limited due to various reasons. A single women asking for room is still looked upon suspicion. 8. Lack of Education: In Bangladesh, around 60% of women are still illiterate. Illiteracy is the root cause of socio-economic problems. Due to the lack of education and that too qualitative education, women are not aware of business, technology and market knowledge.Thus, lack of education creates problems for women in the setting up and running of business enterprises. 9. Male-Dominated Society: W omen suffer from male reservations about a women’s role, ability and capacity are treated accordingly. Thus in turn, serves as a barrier to women entry into business. 10. Low Risk Bearing Ability: Women in Bangladesh lead a protected life. They are less educated and economically not self-dependent. Risk bearing is an essential requisite of a successful entrepreneur. 11. Other Problems: Law and other situation poses problems for women’s mobility. Another problem is insecure feelings.Sometimes police, admen create problem to carry their goods. Women have no legal knowledge or help in protecting their industries and often fall victims to illegal threats or criminal offenses. Frequent power failures are another important factor which hampers their production in time which effect on their business market. Women suffer from information crisis. In addition to above problem, inadequate infrastructural facilities, shortage of power, high cost production, social attitude, low ne ed for achievement and socuio-economic constraint also hold the women back from entering into business.G. Prospects of Women Entreprenuer Though women entreprenuer have a lotos of problems,still there are lots of opportunities also for them to continue. Women get preferential treatment in different official matter, handle with considerations, to better quality controlling and can maintain good customer relation. Now day’s educated women are coming forward to entreprenuership just after comleting their education. This is a very good sign for women empowerment and as well as material development There are several areas where the women entreprenuers have good prospect.The areas where the women entreprenuers can get an easy access are discussed: Figure: Prospects of Women Entrepreneur 1. Self –Employed: These women have acquired on own, especially from parents, relatives or friends, the skills and capacities to operate enterprises. Some have undergone training and apprenti ceship or worked as skilled labourers and obtained enough knowledge to start their own business. So women can move toward self employment. 2. Enterprise Ownership: Women can be the owner/operators of existing micro-enterprises, prove management and technical skill in self-employment. They often wish to xpand, upgrade or diversify their business through employment of family members as apprtenticeship especially in the rural areas or engage and hire workers for the production when the business progresses in the urban areas. 3. Manufacturing: Women’s traditional skills enable them to take up manufacturing in areas where raw materials for the products is available. Women in these activities employee workers skilled, non-skilled, permanent or as seasonal workers. With the expansion of business and the development of quality products, training in skill, technology, management and marketing becomes essential. . Family Trade: Many women can involved in the family trades, hereditarily performed through generations and the skill is traditionally kept within the family. Manufacturing handicrafts pottery, involved in food preparation operating individual units of embroidery, tailoring printing, dyeing, weaving, spinning, net marketing, etc. 5. Agricultural Activities: The rural women participate more in the agricultural sector, especially in operating vegetable gardens, horticulture production, nursery or even rice husking and preparation of varied rice products. 6. Sub-contracting:This new system of generating income in the non formal sector is providing opportunities for women through negotiable procedure obtaining orders for product from either, exporters, procedures, whole seller’s or middlemen. 7. Women as exporters: Women can venture into exports directly by themselves or through other exporters. Export fairs, international trade fairs, single country fairs and initiative by importers have helped the women to produce quality products for exports. FINDI NGS: 1. the contrinution % of the women entrepreneurs in different districts:A questionnaire survey conducted among 130 women entrepreneur and based on this survey and statistical data the approximate result of women entrepreneur in Bangladesh are come out. The number of women entrepreneur in different district can be mentioned as follows__ 2. Motivating factors to enter into business: The respondents were asked to describe factors that encourage them to enter into business and entrepreneurial activities. The opinions they expressed in response to this questions are compiled and given in the following table with relative frequency and ranking.Factors that encourage women to enter into business| %| Ranking| Inspiration from family and family had business| 29| 1| To create self-dependency| 24| 2| Self inspiration| 22| 3| Extra income for the family| 22| 3| For economic freedom| 14| 4| Self employment| 12| 5| Inspiration by friends| 9| 5| To upgrade social status| 6| 6| Pass leisure ti me| 5| 7| Economic development| 4| 8| Inspiration from some organizations| 3| 9| No alternative to have a job| 1| 10| Inspired by training| 1| 10| To establish women’s rights| 1| 10| Eradicate gender discrimination| 1| 10| Creating opportunity for others| 1| 10| . previous occupations: Previous occupation of women entrepreneur are describe by the following pie chart _ 4. Nature Of Ownership: individual ownership is dominant type Among 130 enterprises established by women entrepreneurs. Their nature of owner ship are shown by following figure_ individual ownership is dominant type Among 60 women entrepreneurs, 73. 2% is owned by individual, 15. 9% is jointly owned by family members and only 7. 3% business is run in partnership with other members. Partnership is also dominated by the traditional kinship relationships as 38. % of women entrepreneurs have partnership with mother, 26. 9% with sisters, and 3. 8% with brother. Only 3. 8% of women entrepreneurs interviewed have partn ership with husband. In 15. 4% cases, partnership is found with friends. Domination of partnership by the kinship relationship can be explained by traditional patriarchal social values and social system, under which, women’s social dealing with the people, particularly men, outside of the family is highly restricted. This is also associated with the fear of social insecurity and social stigma. 5. Types of Business Where Women entered:Percentage distribution of women entrepreneurs by the types of business are shown in following. Type-1| Type-2| Type-3| Description| %| Description| %| Description| %| Manufacturing| 61. 6%| Only Export| 15. 6%| Whole sell| 16. 2%| Service| 12. 8%| Only Import| 0%| Retail| 43. 0%| Trading| 12. 8%| Neither Export Nor Import| 82. 8%| Both| 40. 8%| Other| 12. 8%| Both Export & Import| 1. 6%| | | | 100%| | 100%| | ! 00%| Table : Types of Business Where Women Are Entered . Among 130 women entrepreneurs interviewed, about two third of them (62%) were f ound to be involved in manufacturing sector followed by service (12. %) and trading sector (12. 8%). Among them, 82. 8% has no relation with export-import business as only 15. 6% were found to be involved in export-oriented business. Retail is the dominant trend among women entrepreneurs in the sample. More than one third of them (43%) were found to be involved in retail business. Only 16. 2% enterprises were found to be wholesellers and 40. 8% were involved in both retail and wholesell business. 6. Experiences in Trade Licensing and Company Registration: Women Face various types of Problme to Register their enterprise.It Causes various harassment for women. That’s why they are not interested for register their business. Their registration status are shown in following figure-eight†¦ Figure: Status of enterprises in term of having company Registration The figure shows that almost half of the women entrepreneurs (49. 7%) interviewed did not get their enterprises registere d with any legal authorities. Among women entrepreneurs, who have trade license, most of them run their business in the city corporation like Dhaka, Rajshahi and Sylhet. About 90% of the women entrepreneurs from Dhaka have trade license.Most of the women entrepreneurs, who do not have trade license, are from the district town or local area like Jessore (85. 7% have no trade license), Comilla (57% have no trade license). It could be assumed that having trade license is associated with the access to information. Since the women living in the city corporation areas have greater access to information and public institutions, most of them were able to get their company registered. It is also evident from the result of cross tabulation that education and training has a great influence to inspire women to get their company registered.About 70% of women entrepreneurs having trade license completed at least secondary level of education and have some training experiences on various issues. Ye ar of company registration: Although 50% of women entrepreneurs did not get their company registered from any legal authority, the tendency to have trade license is gradually increasing, as it is evident from figure 8. that 59% of enterprises become registered during 2001-2007. It can be assumed that educated women are entering into business and they have better knowledge of regulatory Trade license-providing agencies:In Bangladesh there are some agencies that provide trade license who are authorized by Govt. the license providing agencies are shown in following figure. Figure-9: Percentage distribution of women entrepreneurs by the trade-licensing authorit Among 50% of the respondents having trade license, majority of them (67. 9%) got trade license from the City Corporation, 17. 9% from Municipality, 3. 6% from Union Parishad. It is also evident from the findings that 40% were unable to complete trade licensing procedures on their own resulting in increased expenditures for compan y registration.About 45% of them had to expend, on average, extra 2000 taka only to get help in trade license processing. The median value for this purpose was found to be 5000 taka, which means about 50% of the women entrepreneurs, who were unable to accomplish trade licensing process on their own, had to expense, on average, 5000 taka or more than 5000 taka. Expenditure for getting trade license: It is evident from the findings that most of the women entrepreneurs have experiences of informal source of expenditures like bribery in the process of getting trade license. Expenditure| Name of the trade licensing authority| City corporation| Municipality| Union parishad| Mean| 2400| 1200| Not available| Median| 2250| 1200| Not available| expenditures like bribery in the process of getting trade license. The women entrepreneurs interviewed mentioned that they had to informally pay from 50 to 1200 taka to get trade license from the city corporation. Regarding informal expenditure, they h ad better experiences with municipalities. Average expenditure including formal and informal for getting trade license from the City Corporation was found to be BDT 2400 and median was calculated for this category as BDT 2250.In case of Municipality, both mean and median were found to be 1200. It means getting trade license from municipalities is less expensive. It is also mentioned by the respondents that getting trade license from Municipality was less bureaucratic and complication free compare to the services from the city . corporation. Reasons behind not having trade license: The women entrepreneurs, who did not have trade license, were asked to describe the reasons. The opinions they expressed as reasons for not having trade license were as follows: Opinion| %| Unaware of the necessity of having trade license| 37%|Aware but not familiar with the process| 41%| Applied for trade license and the process is going on| 3. 7%| Others| 18. 3%| Total| 100%| Problems faced by the women entrepreneurs with different trade licensing authorities: The following table Show the Problems faced by the women entrepreneurs with different trade licensing authorities— Types of Problemsmentioned by thewomen entrepreneurs| CityCorporation| Municipalities| UnionParishad| Taxdepartment| Complex process| X| X| | X| Time consuming| X| X| X| X| Bureaucratic process| X| X| | X| Bribery| X| X| | X| Indecent behavior| X| X| | X| Sexual harassment,teasing| X| X| X| X|Lack of cooperation| X| X| | X| Problems faced by the women entrepreneurs due to not having trade license: Due to not having trade license women faced different types of problems and harassments. The problem that they face are represented in following tables Major Problems| %| Could not get access to bank loan and financial institutions| 80| Could not participate in trade fair| 60| Could not get membership with the chamber of commerce| 45| Could not enter into export-import oriented sectors| 35| It is observed from th e table-13 that women entrepreneurs faced various problems due to not having trade license.As per responses by women entrepreneurs, for the lack of trade license, 80% of them were refused by banks or financial institutions to give a loan to them, 75% of them could not participate in trade fair. Since, it is mandatory to have trade license for getting membership with the chamber of commerce, 60% of them failed to apply for membership. Another 35% told that they could not enter into export-import business Opinion of the women regarding company registration The women entrepreneurs in the sample were asked to express their recommendations about existing company registration process.The major issues they raised were as follows. Opinion| %| Make registration process easier| 75| Make information available towomen entrepreneurs| 70| Create awareness regardingregistration process| 60| Create awareness regardingregistration process| 85| Make the people gender sensitive| 66| Organize training on regulatory process| 58| Reduce company registration fee| 70| Reduce complexity| 55| Fasten registration process| 45| 7. Main sectors Sector-wise percentage distribution of the respondents. Name of the sectors| % enterprises| Garments/Home textile| 16. 1|Printing| 1. 6| Handicraft| 69. 4| Agro based| 3. 2| Parlor| 4. 8| Food| 3. 2| Others| 1. 6| Total| 100| Among the respondents, majority of women entrepreneurs (69. 4%) were found to be involved in handicraft sector followed by garments/ home-textile (16%). The table-8 also shows that women are becoming in non-traditional sectors like printing and media, food business, etc. It is observed that 60% of women entrepreneurs did not know how to conduct feasibility study before selecting a specific product, 26. 7% of them were completely found unaware of feasibility study and 6. % of them did not feel necesity to conduct a feasibility study. Only few women entrepreneurs told that they conducted feasibility through market observation and participation in trade fair. 8. Training and Human Resources Training Percentage distribution of women entrepreneurs by the status of training: Whether received training| % of therespondents| Received before starting business| 35. 5| Received after starting business | 42. 1| Received before and after starting business| 13. 2| Did not receive any training| 9. 2| Total| 100| n=60 Training is a vital issue for women entrepreneurship development.It can facilitate women to internalize required business skills and attributes. The table-15 shows that among the women entrepreneurs interviewed, almost half of them(48. 7%) had received training on various issues before they entered into business. Different NGOs, public institutions like women and children affairs department, youth development department, chamber of commerce, trade bodies provided these training. 42. 1% of them started their business without having any training on business development although they received training after the y had entered into business. In 9. % cases, there was no opportunity to receive training and they did not receive any training on business. This group is from the remotest area that means women entrepreneurs live in the rural areas or local areas are more vulnerable than their urban counterpart is. Percentage distribution of the respondents by the name of courses that they received before and after their business initiatives: Name of the trainingcourses| % of the respondents| | Before starting12business| After starting13business| Sales and marketing| 44| 69| Training on sewing| 44| 6| Training on block and boutique| 40| 28| Training on embroidery| 19| 0|Training on cutting| 11| 0| Training on Tailoring| 26| 9| Handicraft| 41| 19| Computer| 4| 22| Financial Management| 11| 9| Business Management| 7| 16| Leadership of women| 4| 0| Poltry| 15| 3| Mini garments| 4| 0| Screen print| 4| 3| Cooking| 4| 3| Beauty & herbal care| 4| 0| The above table shows training courses which were organiz ed for women entrepreneurs before or after their entry into business. It is expected that those training courses were helpful to buildcapacity of women entrepreneurs at entry level but in terms of the degree of effectiveness, there is a scope to raise questions.The women entrepreneurs who did not receive any training mentioned that they did not know where to go to receive training. They do not have proper idea about training providing agencies. It is also observed that public training providing agencies do not have proper mechanism to go to women entrepreneurs, particularly to rural women with their services, as said by the respondents. 9. Sources of capital: Starter Capital and Trend in Investment: The picture of starter capital are representing by following table- | Starter Capital (BDT)| Current amount of capital (BDT)| Mean| 207265| 290884| Median| 20000| 600000|Mode| 100000| 300000| Minimum| 500| 10000| Maximum| 4000000| 5000000| Out of 130 women entrepreneurs interviewed, 77 w omen entrepreneurs were able to provide information about the amount of their starter capital. Based on available informationprovided by them, mean value of starter capital for 77 women entrepreneurs were found to be BDT 207265 but the median value was found to be BDT 20,000, which means 50% of 77 women entrepreneurs’ starter capita was equal to or less than BDT 20,000. The minimum starter capital was found to be only BDT 500. The maximum amount of starter capital was BDT 4000000.This extreme case has positive influence on the value of mean. Compare to the current amount of capital, it is evident that average capital has been increased from the amount of the starting point of business. For 69 women entrepreneurs, mean and median for existing capital were calculated as BDT 290884 and BDT 600000. In case of starter capital, 50% of women entrepreneurs’ investment was from BDT 500 to 20000 while 50% of women entrepreneurs’ current investments were found between BDT 10000 to 600000. It can be considered as significant growth in investment for micro women entrepreneurs.Sources of Starter capital: Percentage distribution of women entrepreneurs by the sources of starter capital are presented by following table- Opinion| %Of Respondents| Own savings| 61| Parents| 39| Husband| 18| n-laws| 6| Relatives belong to kinship group| 2| Friends| 3| Public commercial bank| 1| Private commercial bank| 1| NGO| 5| Other government agencies| 3| Cooperative society| 0| Leasing company| 0| Mahajan| 0| Others| 0| Credit Facilities For Women: In our social world the women did not get enough facility for the credit facility. The face various problem for collecting their capital.If an women goes for institutional facility then she does not get enough respons from them. Percentage distribution of women entrepreneurs by their first impression at bank Level Of Impression| % Of women Entrepreneurs| Very good| 11| Moderate| 67| Bad| 22| Total| 100| Among the respondents, 9 8 women entrepreneurs out of 130 visited various banks and financial institutions for a loan but only 5 of them managed to get a loan from banks. 98 women entrepreneurs were also asked to express their first impression about bank. Only 11% mentioned that they have very good impression. 7% of them expressed their moderate impression and 22% told they had bad impression while they went for a loan to a bank. SOWT Analysis about women entrepreneur according to survey: Here the SOWT analysis from the survey explain the internal capacity and external capacity analysis of an women to establish en enterprise. According to our survey the explanation of strength, opportunity, weakness and threats. A. Strengths of Women: * Initiative * Self-inspiration * Efficiency at work * Self-confidence * Growth oriented * Good organizer * Ambitious * Imitation of innovations B. Weaknesses of Women: Low risk-bearing ability * Low literacy rate * Low work participation rate * Low urban population share * Lo w utilization capacity of resources * Low level of mobilitys * Inability to hardwork and tencious work * Confusion in decision making C. Opportunities of Women: * Tchnological opportunity * Support from government * Professional consultancies * Micro-finance facilities * Availability of raw material * Tax facility * SME * Export facility D. Threats of Women: * Unfavourable cultural practices * Social inhibitions * Unaware of government facilities * Huge competition * High cost against loan Lack of training facility * Inadequate infrastructural facility. * Family ties * Male dominating society. * poor linkages and networks * unfavorable policy and regulatory environment RECOMMENDATION AND CONCLUSION Recommendation Based on the present stydy the following recommendations are put forward for further improvement of the condition of women entrepreneur of Bangladesh. * Establish a separate cell to deal with women entrepreneurs regarding trade license and company registration. * Create eas y access for women entrepreneurs to the local administrative support public institution . The central bank should fix up a target for each bank to provide loan for women and from a monitoring team to monitor the implementation of its circular. * A comprehensive credit policy should be initiated under the supervision of the central bank in order to create access of women entrepreneurs to finance. this policy must keep a provision of collateral free loan, credit without interest or low rate of interest (maximum 8% interest),loan for long time duration etc. for women entrepreneurs. * Establish a separate bank for the development of women entrepreneurs.Impose an obligation for other banks to maintain a minimum quota for women entrepreneurs in loan disbursement and ensure the implementation of this quota. * All types of new women entrepreneurs should given a provision of tax-exemption for at last five years. * Include a special provision for women entrepreneurs in the policy and procedur es of value added tax (VAT) and keep a provision of VAT exemption for new women entrepreneurs for at least first five years. * Increase budgetary allocation to facilitate women entrepreneurs, particularly women entrepreneurs to participate in the national and international trade fair. Provide special support to women entrepreneurs who are involved in export-oriented activities for promoting marketing of their products. * The required amount of credit and its timely disbursement have an important role to continue and expand the enterprise. * Timely support of credit facility has to be ensured. * Collateral requirement of bank should be revisited and procedures should be made simple. * All banks should allocate a portion of their loan for women entrepreneurs and should open a separate window for them. Lack of management experience of entrepreneur they should be trained on â€Å"Entrepreneur Development Training†. Proper step should be taken for this purpose. * Women entrepreneu r needs management assistance to improve the administrative capacity and increase productive activity and capacity in quality as well as in volume. Conclusion: Entrepreneurship to women in Bangladesh is more than just income generation. It is about working to build a more prosperous country, to lift the many millions of Bangladesh people out of poverty. It is about achieving economic independence and women’s empowerment.And it is about striving for emancipation of women’s gender roles, to create a better future for generations of women to come. So,all of us who have a role to play must come forward in this extremely important development and growth process to build the nation that Bangladesh should be. The present study show that most of the entrepreneurs were from young and less educated. They were migrating from different areas. According to the survey results women are found to have engaged themselves in different type of enterprises. Women entrepreneurs selected th eir enterprises with what they were familiar.Most of the cases show that they were previously worked on others as worker from which they earned their working skill and later on they started their enterprises in those Ares only. The study clearly indicate that lack of capital is still the remain problem, absence of marketing facilities, absence of proper sales center are some of the major problem. Another common barrier faced by the women entrepreneurs was balancing time between the enterprise and the family. If the major barrier in marketing for women entrepreneurs can be removed then the women lead sector can surely add income for the economy.This study focuses that if the women are provided with appropriate training and need based assistance and make an easy environment they will incrementally enter into the entrepreneurial occupation and will prove their worth through efficiency in operation to contribute to the economy of Bangladesh. Reference 1. Multiple responses were allowed and responses were not mutually exclusive 2. N=36, multiple responses were allowed and data were not mutually exclusive 3. N=32, for both cases, multiple responses were allowed and data were not mutually exclusive 4.Shamim, Munir Uddin, Report on Promoting Women Entrepreneurship through Advocacy, March 206-February 2007, BWCCI, July 2007, pg. 24. 5. Afsar, Dr. Rita, Bringing Women Entrepreneurs in Policy Focus for SME Development in Bangladesh, A keynote paper presented at the Seminar on Strengthening Capacity of Women organized by BWCCI, February 26, 2008 6. 4. BBS, The Statistical Pocket of Book of Bangladesh, Dhaka, 2006 7. Shamim, Munir Uddin, Report on Promoting Women Entrepreneurship through Advocacy, BWCCI, Dhaka, July 2007 APPENDIX Questionnaire Survey on Women entrepreneurship in Bangladesh 1.Personal Information: I. Name:_________________________________________________________________________ II. Company name:_______________________________________________________________ __ III. Address:_______________________________________________________________________ IV. Address 2:_____________________________________________________________________ V. City/Town:_____________________________________________________________________ VI. State:________________________________________________________________________ VII. ZIP/Postal Code:_______________________________________________________________VIII. Country:_____________________________________________________________________ IX. Email Address:________________________________________________________________ X. Phone Number:_______________________________________________________________ 2. Establishing this Business is very simple in our country by Women? StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| | | | | | 3. The structure of Women Entrepreneur is appropriate for business world? | StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| Partnership| | | | | | Corporation| | | | | | sole pro prietorship| | | | | | 4.Is the Bank Loan is Difficult to get? StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| | | | | | 5. Have Difficulties in obtaining Financial Capital? StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| | | | | | 6 . Partners are Beneficial for women enterprise? StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| | | | | | 7. Sole Proprietors are Beneficial for women enterprise? StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| | | | | | 8. Which types of Fund is Cost effective for women enterprise ? | StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree | Personal Savings. | | | | | Gift from Family and Friends| | | | | | Loan from Family and Friends| | | | | | Loan from previous owner. | | | | | | Credit card/personal loan. | | | | | | Bank Loan| | | | | | Partners| | | | | | 9. What are the Remarkable Problems you face in your business (from the list below)? | StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| Toomuch competition| | | | | | State and federal regulations| | | | | | Not enough business knowledge| | | | | | Cash flow problems| | | | | | Rising costs of business| | | | | | Too much paperwork| | | | | | Too many factors out of my control| | | | | | 10.Reasons for becoming a business owner? | StronglyAgree| Agree| Neutral| StronglyDisagree| Disagree| To be my own boss| | | | | | Always wanted to start my own business| | | | | | Family responsibilities| | | | | | Good way to find employment| | | | | | To make more money| | | | | | Dissatisfied with my work| | | | | | Thought I could do better job than others| * | * | * | * | * | 11. How much of each of the following kinds of experiences did you have before you became a business owner? | StronglyAgree| Agree| Neutral| StronglyDisagree| Disagree| Job in the same field as the business | | | | | |School education directly related to business | | | | | | Seminars, programs relevant to business | | | | | | Hobby, personal experience i n same field| | | | | | Supervisory/management experience | | | | | | Accounting experience| | | | | | 12. What is the type of your current business? ____________________ 13. Is it your first business? * Yes * No 14. Why you come tobusiness? _________________________________ 15. What is the reason behind the business? ______________________ 16. Have you get any help from other in this start up your business? * Yes * No 17. Do you have trade license? Yes * No 18. Have you get support from your family? * Yes * No 19. What is the current amount of your investment? _________________ 20. How to invest it? ____________________________________________ 21. What is your occupational background? ________________________ 22. What is your father/husband’s occupational background? _________ 23. Have you face any problem? StronglyAgree| Agree| Neutral| Disagree| StronglyDisagree| | | | | | 24. Have you ever taken loan? * Yes * No 25. If yes then from whom? _________________________________ ____ 26. do you maintain accounts and book keeping? Yes * No 27. Do you have TIN? * Yes * No 28. Are you informed about tax and VAT? * Yes * No 29. Are you informed about tax facility? * Yes * No 30. Did you get any training facility? * Yes * No 31. Do you have any future plane? * Yes * No 32. What is your future plane? __________________________________ 33. What types of help is required to expand your business.? 34. What step should be taken to improve situation of the women entrepreneur in Bangladesh? _________________________________________________________________________________________________________________

Manage health and social care practice to ensure positive outcomes for individuals Essay

Understand the theory and principles that outcome-based practice 1.1 – Explain â€Å"outcome based practice?† Outcome based care is described as putting the individual/ service user/tenant at the centre of the care service and not prescribing a generic service for everyone. It is about delivering high quality meaningful outcomes to every individual ensuring they live meaningful, fulfilling lives to their fullest potential. Outcome based practice is the way in which we can empower staff to look at and encourage individuals/service users/ tenants to take an active part in the delivery of their care. Empowering them to challenge their own abilities, learn, make informed choices and set achievable and measurable goals and acquire positive outcomes. 1.2 Critically review approaches to outcome based practice? Outcome based practices are reviewed regularly for individuals /service users by reviewing care plans, for staff it is through supervision and appraisal. Both are reviewed looking at what has been done well what we have learnt and how we have adapted to improve areas over the past weeks, months and even years. It is also reviewed through quality assurance as the tenants, their families and staff give feedback. Any issues or conflict that arise as a result can be resolved by working together. The quality assurance manager also audits information to ensure areas are in place and to a high standard, the manager writes reports and feedback is given to support the team. 1.3 Analyse the effects of legislation and policy on outcome based practice? Government legislation ( the health and social care act 2008) is to ensure that outcome based practice is adhered to. Examples of this include the care and protection of vulnerable adults, safeguarding, respect and dignity. These outcomes are also covered in company policies and procedures and  regulation which is governed and enforced by CQC. The purpose of these is to ensure all services users and their families and staff regardless of age creed, colour and sexuality are treated as equals. To promote equal opportunities and empower all to take and active role and responsibility in their own lives setting measurable and achievable goals to make a positive change. 1.4 Explain how outcome based practice can result in a positive change to individual lives? It demonstrates how good support, guaranteed by person-centered planning, can change the path of a person’s life in a positive way. If people who use services are to have positive control over their lives, if they are to have self-directed lives within their own communities then those who are around the person, especially those who do the day to day work need to have person centered thinking skills. Only a small percentage of people need to know how to write good person centered plans, but everyone involved needs to have good skills in person centered thinking, in the value based skills that underlie the planning. Discussion of a model that local authorities could move forward from buying a volume of provision eg hours, days, etc to a process based on the provider delivering a set of pre-determined outcomes. This has ensured greater user satisfaction, greater flexibility of service and support provided. For example one of our tenants has a predetermined amount of hours per week of staff support which she utilizes as she wished and from her perspective can fully meet her support need as it can be flexible and empower her to live a fulfilling life in the manor she wished to at a time that she chooses. Outcome 2 Be able to lead practice that promotes social, emotional, cultural, spiritual and intellectual wellbeing 2.1 Explain the psychology basis for wellbeing? There is no question at all about the fact that psychological health is important with respect to how we function and adapt, and with respect to whether our lives are satisfying and productive. What the researchers argue about is whether psychological health is a single factor, or whether distress and well-being are actually two separate issues. While the argument continues, the verdict is clear: general well-being does not simply mean that you are free from anxiety and depression. It involves something more. But for general purposes, it can usually be said that it’s two sides of the  same coin. Usually, people are either happy or they’re not, and if their mood isn’t good, they are often distressed to some extent. Psychological health and well-being should also not be confused with the question of whether or not you suffer from mental or emotional disorder. The research on well-being concerns itself with the feelings of normal individuals, or subjects from the general population. When we talk about psychological health, we are referring to how ordinary people are doing in life. In other words, if you are feeling distressed, that doesn’t necessarily mean that you are mentally ill. Psychological wellbeing is a more sustainable practice and character driven view of wellbeing: Self-acceptance – a major source of wellbeing and living a happy life is self-acceptance, or the attitudes that we hold about ourselves. Self-Growth – Growing as a person and expanding ones knowledge is a life long process. This is about taking a curious view of life and interceded view which enhances us to seek opportunities as a person.

Succesful Entrepreneur

Choose any successful entrepreneur in Malaysia or outside Malaysia. Then explain why you choose he/she as a successful entrepreneur and relate it with entrepreneurial competencies. The person that i choose to be the great entreprenure that become the idol to me is Tan Sri Syed Mokhtar Al-Bukhary. He was a great man that motivate us with his success story that inspired and motivated throughout his success in business activities which can make us to be more discipline and working much harder to achieve their dream. That is just the beginning. Now let’s go personally about him. He’s a mysterious man. Where he does not like to show off the luxurious life. For your information, he is easy to get along with other people. He is not the type of people which love to collect luxury car. He has an old model of Proton Perdana and another one is 20 year’s old Mercedes which he used to use it from time to time. Tan Sri Syed Moktar Al-Bukhari is the entreprenure that is so kind and always make a charity work to help other people. He always donate his money and easily to help people especially the poor people and the orphan. Now we go to his background. He was born into a mid- low class family in north of peninsular Malaysia, whose house was without necessities and luxuries. His highest education was only until form five, and he never went to university. A whole lot of his knowledge and experience was gained through his own entrepreneurship experience during his youth time. Due in part his family's mediocre-to-poor background, Syed Mokhtar al Bukhary had to step into the working world in his early life, while pursuing his primary and secondary studies. Syed Mokhtar helped his mother planting and selling vegetables in the market and also selling roti canai. His numeric knowledge was used to help his father in doing daily book keeping. After finishing school, Syed Mokhtar helped his father in breeding cow business but only to see the business washed away by foot and mouth disease. Nevertheless, he took over the business and start over by selling meats. He then move on to packaging the meats and start selling them wholesale. His determination paid off and the business started to take off. what can we see he have become entreprenure when he was small. His idea to run the bussiness rom the small scale business approve that we cannot only depends on a large-scale business to determine the successfull , but depending on the way we done the business with the continuous quality to make sure the business doing well. Now he have prove to us that he can be the best and succesfull business man even he come from the mid low class family, with the determine and hardworking, he can become the great entrepreneur. Characteristic that should be possessed by successful entrepreneur in order to perform entrepreneurial functions effectively have a several factor. One of the factors is initiative. This characteristic has been show by him when he help his father in breeding cow business. He then become the businessman and start over to selling meat. He then move on to packaging the meats and start selling them wholesale. Because of his initiative he he has managed to expand its business to advance from time to time. Al- bukhary Foundation was established in March 1996 as a charitable act to help the poor, support the development of islamic art and culture and promote understanding between civilization. The main objective of Al- Bukhari Fondation is to promote brotherhood among muslims. This foundation is composed of two parts. One section carries out charitable work, while one part of the management of funds from any company in which Tan Sri Syed Mokhtar no interest in it. Until now, al-Bukhary Foundation spent more than RM300 million for religious activities, culture and education. In addition, Yayasan Al-Bukhary only finance poor students. Among the initiatives that are committed to finance poor Muslim students from around ASEAN to study in Malaysia. Tan Sri Syed Mokhtar has show some attitude that he is the person that always help people evenly he has no interest in it. In conclusion, he is the one who concern for high quality of work. As an entreprenure, he acts to do things that meet certain standards of excellence which gives him greater satisfaction. What we can see from his attitude is, he is the one of the successful â€Å"bumiputera† that become the excellence and great billionaire and the one who is then become the icon and idol to the Malaysian. Because of his constribution also, many people has been helped by his Yayasan Al –Bukhary can support they life to go on further and then become the person who is excellence like him.

Sustainability in bussiness Essay Example | Topics and Well Written Essays - 2000 words

Sustainability in bussiness - Essay Example This got followed up by a prevailing trend in industry with more people pursuing businesses as a path for their livelihood. As this increase came and businesses started to develop and expand far and wide across the globe at a rapid pace this lead to the era of late 90’s where production and manufacturing of goods reached their peaks requiring extraction of raw materials in abundance leading to excess production of goods wasting a lot of useful resources. Also at the same time many new experiments were being tried out in pursuit of inventing or coming up with products containing the X factor which will be capable enough to earn revenues for the company by attracting scores of consumers. As a result many prototype projects headed towards the market with the similar intentions of gaining popularity and strength in the market which had little focus on the design and resource utilization as in that stretch little research and focus was concentrated on sustainability and effective u se and utilization of resources along with no think tank established to monitor the environmental and ecological effects of these developments and productions. No strict laws were there on which businesses and industries were bound to adhere regarding social, economical and environmental issues as the era was all about development and excelling in the industry. The consumer had the buying power and were not concerned about what processes, methods and technologies are used for the productions of their desired goods. Consumers were at most concerned with the health issues related to products and adverse effects if not used properly. No other knowledge pertaining to the manufacturing and production processes were considered important. ARISING PROBLEMS AND ISSUES: As this rapid expansion and growth of businesses and industries grew and launches of new goods and products continued problems started to surface which caught the attention of many environmentalists, businessmen, industrialist s and people. The environmentalist started to notice that in the course of previous century the production and manufacturing plants all over the world were functioning near to their full or almost full capacities in production processes. The outcome emerged as a massive increase in pollution rates in those regions where these industrial sites were located which not only affected the environmental condition but health experts also expressed concerning the health hazards they might lead to in the longer run. Businessmen and industrialists started to express their concerns regarding cost of production which started to increase due to higher productions costs and the prices of commodities rising which in turn reduced the buying power of the consumers. The paradox that surfaced over here was that if less goods were produced keeping in mind the market trend and buying power it would be costly for the business while if the concentration was focused on reducing cost the production then the production needed to be in bulk which would have two fold negative impact. First one if production would be in bulk more resources and materials will be utilized and extracted to produce goods impacting the environment but providing cheaper goods to consumers. The other factor the production in bulk with

Ethical Leadership Assignment Example | Topics and Well Written Essays - 250 words

Ethical Leadership - Assignment Example Using good leadership skills to show good business ethics can greatly contribute to building of a team culture of the business. It also provides a good measurable benchmarks for business employees to follow as the make independent decisions relating to the business duties. Every individual has an equal right to basic liberty and that there are some freedoms and rights that are very much important than others. This concept of justice is developed from the perspective that every individual is free and equal (Huhtala, Kangas, Là ¤msà ¤, & Feldt, 2013). Their freedom is characterized by their possession of moral powers that is a capacity for a sense of justice and for a conception of the good. The sense of justice is the ability to understand the applications of fairness from the public conception of justice which characterized the fair term of cooperation. This sense demonstrates the willingness to act in relation to others in a way that they can also publicly endorse. Huhtala, M., Kangas, M., Là ¤msà ¤, A.-M., & Feldt, T. (2013). Ethical managers in ethical organisations? the leadership-culture connection among finnish managers. Leadership & Organization Development Journal, 34(3),

Report on the NHS Cardiology Provision Assignment

Report on the NHS Cardiology Provision - Assignment Example Increased in health care cost 8 4.0 Recommendations 8 5.0 Conclusion 8 6.0 References List 10 1. Introduction The National Health Service (NHS) ensures accessibility of care regardless of wealth. Its core principles involve care that meets the needs of everyone, care that is free at point of delivery and care based on clinical need (NHS, 2011, n.p.). NHS cardiology provision offers cardiac care and rehabilitation that is accessible, affordable, and disease-focused among patients suffering from cardiac diseases or disorders such as congenital heart disease, acute myocardial infarction, unstable angina, dysrhythmias, and even heart failure. NHS also entails seven (7) key principles that will guide patient rights to health services offered, which include: provision of a comprehensive service irrespective all biases, access based on clinical need and not on the ability to pay, aspiration of the highest standards of excellence and professionalism, reflection of patients, families and care takers needs, partnership and collaboration with other organisations to promote the best interest of patients and greater population, provision of effective, fair, and sustainable resources using taxpayers’ money, and accountability to the patient, public and community (NHS, 2011, n.p.). ... This report aims to identify the present status of NHS cardiology provision in UK and its impact on the population and health care sector. Focus will be given on the good aspects of cardiology provision such as decline of CHD, growth of cardiology workforce, as well as advancement in cardiology research and interventions. The bad aspects would likewise be determined and recommendations to address and improve the system would be proffered. 2. Positive Aspects of Cardiology Provision Despite variations in the cardiology provision of the National Health Service (NHS), a number of positive aspects had been noted, to wit: decline of age-adjusted congenital heart disease (CHD) mortality, growth of United Kingdom (UK) cardiology workforce, and advancement in scientific research involving cardiology treatments, devices, and interventions (Boon et al. 2006, p. 873-877). 2.1. Decline of age-adjusted CHD mortality. Survey report from Mindell et al. (2003)found out that the NHS-funded age-standa rdised revascularisation rates varied from 95.2 to 193.9 per 100, 000 (NHS standard is 131.9); thus, cardiology provision reflected no significant difference in terms of age distribution (p. 2). In England, Wales, and Northern Ireland, approximately 299, 000 patients were diagnosed with acute myocardial infarction, unstable angina, revascularisation, and other cardiac diseases (Beswick et al. 2004, p. 2). It can be gleaned from the data presented that cardiology provision was an emerging need; regardless of age or UK nation. With the establishment of the NHS system, the rates of mortality from CHD declined. Data from the 1999-2003 survey of the British Heart Foundation

ENERGY WEDGES Lab Report Example | Topics and Well Written Essays - 500 words - 1

ENERGY WEDGES - Lab Report Example Lastly shifting to bio fuels seems as an easy way of reducing carbon emission The world yearns to reduce carbon emission especially after Kyoto protocol and Copen Hagan reports were released. Environmentalists and human rights activists are putting pressure on countries that are producing high carbon energy on the environment to reduce or pay heavy fines with the aim of reducing carbon emission for sustainable development. Our energy wedge is based on conservation of green resources and use of renewable sources of energy as a means of conservation. Nuclear wedges comes in second as a means of preventing of cutting carbon emission by half by the year 2055. Nuclear energy is capable of producing a lot of energy but is not widely used since it possesses high risks to the environment. The above two wedges are good ways of producing energy without production of carbon. (Wardlaw, 2009). A growth rate of 5.3% annually is projected in production of low carbon environmental goods and services (Nesta, 2009). There has also been tremendous increase in green jobs from 13 70 billion dollars from now to 2740 billion dollars by 2020, which is projected as a growth rate of 5.5% annually (Office, 2009). Due to the involvement of new technology while shifting from fossil energy sources to renewable sources of energy, it is expected that job creation will rise from 24% annually to 42% by 2020 (UNEP, 2007). The demand for low carbon activities is exceptionally high. The next wedge of conservation is efficiently producing electricity. Use of coal as a source of energy leads to production of about a fifth of worlds carbon. Conserving forests ensures that trees absorb carbon emitted and use it as a source of food production. Soil is also another form in which carbon products can be stored. This can be supported by planting cover crops and preventing soil erosion. Use of biofuels is believed to be cost

Reading reflection 6 Essay Example | Topics and Well Written Essays - 500 words

Reading reflection 6 - Essay Example According to the article, the police generally will associate certain crimes with a certain race. The police have a set mentality on a crime committed. The will go to brutal lengths in order to prove that certain minorities commit crimes more often. Police brutality will usually occur because of a number of reasons. The most common one is racial discrimination. Between 1990 and 1994, 89% of reported custody deaths involved Hispanics or African Americans (Elisha, Joshua & Zenobia 2010). These are examples of police brutality cases that are reported. Such examples include those involving Patrick Hall, Rodney king and Oscar Grant. I concur with the author’s views on Police brutality and racial discrimination. Police brutality especially towards the minority is not always physical. This is best illustrated by the case of a Patrick Hall. Patrick Hall, an African American who served in the US army. He then enrolled at Illinois State University from where he started his own business. Hall employed most of his friends who were also black. The police started harassing him as soon as they discovered his progress (Elisha, Joshua & Zenobia 2010). The police would humiliate Hall with random checks for illegal activities. They went as far as surveying and intimidating Hall. This forced him to shut down the business and leave the city. This is a classic case of emotional and verbal abuse among minorities. Police brutality will happen for a number of reasons. Chief among them is racial discrimination. Use of excessive force is described as police brutality. By 1999, 75% of males who were African American are pulled over because they were Black (The Struggle Against racial Profiling). Law enforcement officers will verbally, emotionally and physically offensive to citizens of race. However, the number of such incidences is decreasing constantly in the wake of human rights awareness. A criminal justice

Persuasive Arguments For Gay Marriage Essay Example | Topics and Well Written Essays - 750 words

Persuasive Arguments For Gay Marriage - Essay Example Gay marriages rights should be enforced considering gay people are born gay, they adopt children who would have been in problems despite their failure to procreate failing to prolong the human race. Gay marriages should be legalized considering that every citizen in America has the liberty of choice and ones choices should not be curtailed because of the long-held traditions. This is because homosexuals are same as heterosexual people only that they possess gay genes as recently found by medical researchers (LeVay). Therefore, it is not gays or lesbians choice to be so, it is only that they are naturally gays and we should respect them as they are as part of our society. In this case, considering these people do not choose to be in gay marriages but nature has forced them to be in them we should respect their gay marriage choices. Furthermore, we should not rationalize that since heterosexuals are the majority then marriage involving a man and a woman are the best. Moreover, considering the great number of orphans and poor families who are not in a position to provide effectively for their children, and most of them ending up as criminals, malnourished and others die off. Even though people should practice family planning and at the same time raise children, they can afford, our society would be much better off currently if they legalized gay marriages. This is because gay marriages do not procreate and consequently adopt children in order to form a family (Cline). Therefore, through adopting children they will have played a key role in alleviating the woes of these children, poor families and our great nation at large. In addition, this will also reduce crime rates in our country since most of the children once they lack a means of generating income for their sustenance result to crimes as a means of getting their daily bread.

Managing Change in the Urology Department of a National Health Service Essay

Managing Change in the Urology Department of a National Health Service Hospital in England - Essay Example It is clear from the discussion that the events that caused the need for change in the hospital were the combined financial crisis and the newly introduced regulations on the number of working hours for hospital personnel. Improving the situation will require the application of effective strategies and techniques that would change the current situation. The strategies and techniques require efficient processes and procedures. The hospital should be prepared to apply efficient change initiatives that are inclusive and address the needs of all the stakeholders. Otherwise, resistance will arise among the stakeholders. The three crucial areas that require the change include stakeholder/employee relationships, management of technological change, and worker motivation. This report begins with the summary of the organization that paves way for discussion on the issues that require close attention. The mission of the National Health Service Hospital in England is to sustain continuous improv ement in the delivery of health care services. The management seeks to ensure a healthy working environment for the employees as well as other stakeholders. The Department of Urology is struggling to respond to external pressures for change that have threatened its ability to offer efficient medical care. The hospital works with five consultant surgeons, a few middle-grade and junior doctors, a range of nurses and other clinical personnel. The hospital infrastructure is not efficient enough to offer competitive and efficient health care services. The events that triggered a need for change in the hospital were the combined financial crisis and the newly introduced regulations on the number of working hours for the hospital personnel. The introduced regulations on treatment duration made the hospital sub-contract some of the treatments to a private hospital, leading to financial losses. The factor that contributed to the shortage of medical staff is the conflict in the regulations in volving the working hours. The management of the crisis is loaded with many challenges such as the tension between managers and clinicians and failure to agree on the staff capacity, allocation of extra beds, and operating theater. Others include information overload, ineffective problem solving, disagreement on the number and qualifications of new entrants, and inefficient data collection. The current challenges facing the Urology Department of the National Health Service Hospital in England are related to the incompetence of the stakeholders in managing the changes facing the health care industry. Change Management Change management is a structured process designed to deal intentionally and directly with human

Personality Essay Example | Topics and Well Written Essays - 750 words - 8

Personality - Essay Example Analyzing individual’s personality necessitates evaluation of cognitive and behavioral aspects and entails collaboration of various disciplines such as psychodynamics, biology and humanities, evolution and sociology just to mention a few. The information from these fields are then analyzed in an empirical dimensional approach principled on various multivariate statistics and evaluation based on sociologically or psychologically modified framework such as factor analysis, theory development and other evaluation platforms (Furr, 13). Myers- Briggs framework also known as Myer- Briggs Type Indicator [MBTI] is an assessment questionnaire that seeks to understand the psychological preferences in how people make decisions, react to other non-decisive phenomenon and how they generally perceive their surroundings. The framework involves psychometric analysis with focus on human behavior and personality with emphasis on extraversion and introversion; inborn or acquired traits that influence individual’s experience and perceptions in terms of sensation, feeling, intuition and thinking aspects. These aspects are further grouped into conceptual approaches of rationality and irrationality with typing based on either extraversion for sensing, thinking and judgment or introversion for intuition, feeling and perception. The evaluation is based on four dichotomies of introversion and extraversion; sensing and intuition, thinking and feeling, judging and perception, in a bid to indicate one’s reference over the ot her. Psychologically, individuals are born with and/ or develop certain preferred ways of deciding and perceiving the environment or phenomenon in the society and with guidance of MBTI framework this paper will analyze the personality of Warren Buffet and evaluate how his personality has impacted on his daily activities and as a leader in the business arena. Warren Buffet can be described as a business mogul with vast interests in

Review of Related Literatures and Studies Essay Example for Free

Review of Related Literatures and Studies Essay The proponents reviewed several related studies and literature. This was done to clarify different ideas from other studies and literature. Relevant ideas of some students who developed some software were also reviewed. Related Literature The proponents understand that the program to be made without intellectual development could crash and might not be attracted to the uses and beneficiaries. The communication between the target user and the programmer should be clear, and sharp. According to George Gerard G. Mendoza (2005), two reasons why people use computers regardless of their profession. First, they are fast. Second, they are accurate. To improve the current grading system, manual and duplicative tasks need to be computerized. Computerization of tasks will also pave the way for the unification of the grading system with the enrollment system and student information system. Josefina Estolas in the book Fundamentals of Research (1995). A major purpose of a database system is to provide users with an abstract view of data. That is the system hides certain details of how the data are stored and maintained as stated by Abraham Silberschatz, Database System Concepts (1999). A database is an organized collection of facts and information. An organizations database can contain facts and information on customers, employees, inventory, competitors, sales information and much more. Most Managers and executive believe a database is one of the most valuable and important parts of a computer-based Related Literature Foreign Study According to Ms. Barbara Riggs and Mr. Jacob I. Lee (1994) of the University of Maryland as they perceived from their study as regards with the old grading system of their university and the problems encountered. It is a daunting task to process 130,000 grades in a timely let alone painless manner every semester. Add to this the collection of Early Warning grades and there is a tremendous amount of work for both†©our administrative staff and the faculty. Therefore, it was no surprise when several faculties voiced concern over the traditional time-consuming grade collection process. Our established method of grade collection was similar to other universities during the mid 80s. Scannable grade sheets were produced for each course section and distributed to the faculty. Over 8,000 grade sheets were created every semester and then hand carried to academic departments by R R support staff. The departments were then responsible for delivering grade sheets to the appropriate instructor. After all this routing, it was not unusual for a faculty member to request a new grade sheet because the original had been lost or damaged. Once the grade sheet made it to the faculty members hands, they were required to write the grade and then fill in the corresponding bubble with a #2 pencil on the scanning form. If mistakes were made the faculty member had to be sure to erase the incorrect mark completely. Erasures often led to scanner misreads and recording of incorrect grades. Faculty were also required to return all grade sheets to the Records Registrations office within 48 hours of their final exam. Grade sheets were not permitted to be returned by mail because they could not be folded, but, more importantly, because mailing created security issues. Obviously, the scale of organization and centralization of grade sheet distribution and collection was enormous. Because of security concerns, controls had to be foolproof. Grade correction was very tedious and time-consuming. So, as technological capabilities and services were successfully developed for students, both faculty and administrators saw the potential to automate the existing grade collection process.

Management Structure And Philosophy Of British Airways Management Essay

Management Structure And Philosophy Of British Airways Management Essay British Airways born in civil aviation, the inventory days next to World War 1. This is the first schedule air service in world on 25th August 1919 which passed 90 years and air travel has changed past all acknowledgement. On 25th August 1919, Aircraft Transport and Travel Limited operated first international daily scheduled air service in the world from London and Paris. In 1939 Imperial Airways and British Airways were nationalised and come to a new name British Overseas Airways Corporation (BOAC). BOAC continued to operate long haul services from South America by British South American Airways (BSAA). This company was combined with BOAC in 1949. After 1970 BOAC and British European Airways newly formed British Airways Board. In 1980 Government passes The Civil aviation Act and sell its share in British Airways. In 1981 Lord King appointed as chairman and make a change in management and restored company for profitability and for privatisation. British Airways have high standard cor porate governance which they are committed. The business view is determined by the strategy setting out the sharing option and located for financial outcome service standards and recognize and according to importance improvement chance to deliver those goal. In an amazing tough trading environment British Airways have to point on strong on more close themselves through the immediate situation, while preparing the business for better economic times. In current year they have planed out for a long -term goal for their business. Which is to be the worlds leading global premium airline. This report is a view of British Airways strategy and strategy evaluation . Management structure and philosophy aligned British Airways is committed top level of corporate governance. For good governance the board is responsible by the company shareholders. The board directors ensure that the companys risk assessment, ability to fined solution on management, strategic planning, operating management. Inevitable functions are given authority to committees, consisting of non-executive directors as containing within this section. The company arrange their board meeting four times a year and in generally when necessary, to except all subject related to overall control, strategy of The British Airways and in successful planning of the company. For these desired effect a schedule of the matters wait for board decision has been growing successfully. these schedule has been reviewed at least once in a year. The board leaded by the chairman and the executive management of the company leaded by the Chief Executive. The Board agenda setting is The Chairman responsibility. The Chairman also ensure that the Board member received timely and accurate and clear information. The non-executive directors try to know detailed of the management performance specifically as to the possession of the company principals , strategy of the financial information and management control and risk. All of the directors regularly and timely get information which is company priority in the board meeting. They can also ask company secretary any other information they need. If any non-executive director have any concern about running of the company they have to discuses with one of the non-executive directors or company secretary or the Chairman. The company main aims were to build on Terminal 5s strengths to upgraded the customer experience, make the business continue more cost effective, grow the company operations and make prominent part of the corporate responsibility in the business. The management need to revise their plan and priority to reset when the fuel price going up global downtown meant. The company vision is become most responsible airline in the world and all their corporate responsibility they have to bought tougher under the banner One Destination. it is a great challenging goals for the company for further reduce carbon emission, recycling and reduce waste underrating air and noise pollution. Organisation culture and growth of strategy Despite reduction in economic, British Airways have continued to become larger or grater where it makes economic main idea and meet the needs of their customers. They opened new routes from London to Hyderabad in India and St Kitts; they also opened open skies, their alternatively flying from continently Europe to North America in June 2008, and afterwards purchased LAvion in July 2008, and they have tell publicly the launch of the first London City to New York JFK service to start end of this year. Investing in well organised and subject to influence on new aircraft makes sense, ever in these tough times. With the delivery of their new Boeing 787s delayed, they contracted six Boeing 777-300ER aircraft. In February the one world alliance which involving 10 partner airlines and celebrated its 10th anniversary. The highly success of the alliance is continued, in its development it is now a important point. In august British Airways applied for anti-trust immunity to operate a joint business across the Atlantic where American Airlines and Iberia one world members. The EU and US competition authorities are currently deciding that their major competition in their global alliance, star and sky team already enjoy the route where they should be able to enjoy the same route. Global strategy at the corporate level British airways strategy is global. Most of the countries they have their branch and fly most of the countries of the world. All of the branches of the world, they recruit local people for business communication. British airways most important aim is to make sure that they offer an upgraded service to everyone who chooses to fly with them. They take constantly to large number of customers to get a real understanding of their needs. British airways survey every month on their customer that what is their demand and what type of change their customer want ect. This is vital for the company to secure their position as the worlds leading global premium airline. Their staffs play a vital role in providing the upgraded travel experience. They are committed to excellent service and are investing heavily training customer-facing colleagues. They do training all of the branches of the world they have . Every year the training program rolling which is mainly on service style training. The compa ny has a statement of Business Principles applicable to all employees. The company also has a cod of Business Conduct and Ethics which applies to all employees in global. These are two of a number of Standing Instructions to employees of the group designed to enhance internal control. On the Finance Statement Instructions, these are regularly updated and made available to staff though the Companys intranet. Effective corporate governance remaining key to the business. It maintains a strong and effective internal control environment in global which the company continues to review its control framework to ensure . The producing result of the framework has been under regular review by the management board. The Group will continue to comply with the Combined Code on corporate governance and UK listing Authority rules and apply all of their branch.. Financial performance British airways audit report published on the group and parent company financial statements of British airways Plc for the year ended March 31, and include the Group consolidated income statement, the group and British Airways Plc balance sheets, the group and British Airways Plc cash flow statements, the group and British Airways Plc statements of changes in equity. Under the accounting policies the financial statements set out. Directors remunerations report information describe and also audited. The financial company is made only to the companys members , as a body, in consensus with section 235 of the company Act of the Companies Act 1985. This report have an opinion that is this financial statement give a truth and right view or it is a part of directors remuneration report to be audited. This audit review the corporate governance statement reflects the companys compliance. British Airways all other information included in the annual report and consider either it is reliable with the audited financial statements. The other information include only the directors report and business review, the Remuneration committee, the Chairmans statement, the chief Executives review, the chief Financial officers report and the corporate governance statement are unedited part of the report. British Airways followed the audit in consensus with International Standards on Auditing, issued by the Auditing Practices Board. On a test basis of evidence the audit includes examination which relevant to the amounts and disclosures in the financial statements and part of directors remunerations report to be audited. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of whether the accounting systems are adopt to the Group and the company situation, consistently applied and sufficiently disclosed. The Directors whose are listed in Board of Directors are responsible for the annual report and the financial Statement preparing in according to applicable Law and follow international financial reporting standard as adopted by the EU. They are also responsible for protection the assets of the Group and therefore taking reasonable steps for the avoidance and discover of dishonesty and other irregularities. Environmental change and competitive position Climate change is an issue of importance as a airline company and they have long-term commitment to address it. Their climate change programme covered some of the main areas like policy measures to curb emissions growth, support for scientific research, voluntary carbon offsetting. Their target is to reduce their net CO2 emissions by 50 percent by 2050, relative to 2005. Going for this target will require more invest in new technology, sustainable biojet fuels and cost-effective emission which will be reduce other sectors of economy on global carbon trading market. They are investing in silent aircraft and technology and aim to change the way they fly to reduce the noise of their activates. They have set a target in 2015 reduce 15 percent noise in average. British airways aim is to minimise the west they do and their customer. They trying to reuse and recycle and reduce disposal. 1n 2008 they did 35 recycle at Heathrow and Gatwick and it will be increase on 50 percent in 2010. Conclusion and recommendation In response to delivery delays for British Airways new efficient Boeing 787 aircraft, they have contracted for six Boeing 777 due to start arriving in 2010. They ordered two Airbus A318 aircraft for crossing Atlantic service from London City Airport. As well British Airways ordered six Embraer and five E170 aircraft to replace some of the aircraft whose are currently operated from London City Airport. The Company also improve their performance in ground as well. The main activities of British Airways Plc and its subsidiary responsibility are the operation of international and domestic scheduled air services for the carriage of passengers, cargo and mail and the delivery of subsidiary service. The global airline industry is violently competitive, heavily controlled and totally uncovered to changes in customer behaviour and consumer sureness. The current economic environment presents a new challenge. British airways must have concentrate their efforts to seize long-term opportunities f or growth.