The Myths Of College Majors - 963 Words

â€Å"Myths of College Majors† College students have the hardest time paying off their student loans, but why? Well, most students usually pick their major based on their talents and their interests.(Source, Time) This idea sounds like a smart move, but in fact it is putting students in a very difficult situation. Since most majors end up making considerably less money in their first year out of college, it is becoming more and more difficult for majors in the humanities and arts to pay off their student loans. When I chose my major, criminal justice, I did pick it because I had been involved with a police explorer program and participated in a criminal justice internship in high school. I did some research and found that by achieving a†¦show more content†¦I know from researching my career path that the salary I will receive because of my degree will be ample to pay off my loans within a couple of years. Most students end up in debt because they don’t take the time to look ahead to the future. For some it is a $80,000 life experience which leaves a future graduate with debt. For an example, my stepfather is a general manager for a car dealership. We had a conversation about college graduates who apply at his dealership for a salesperson job. These applicants have zero experience and when you look at their college major, it has nothing to do with sales. He had one individual who went to Anderson College. He was a music history major and during his interview he said that he needed the job to pay for his college loan payments. He was over $100,000 in debt. I found this shocking that someone would be that far in debt and they are not even using their degree. This is a common issue with many graduates. A college degree is no guarantee of economic success, but through a graduate’s choice of their major, they can take at least some steps toward boosting their odds. (Source, IM) I interviewed ten family and friends who attended a college or university. Five out of ten people who went to college did not end up graduating. All five who di d not graduate did not have scholarships or grants and had to pay for their tuition. Three of those five said it took over

American People and the Trade Between China and the US Free Essay Example, 2000 words

In the year 2008, more than 15% of America s gross domestic commodities came from global trade. Alyson gives an estimate of about $450 billion in regard to the income generated by the United States from its overseas investment. Alyson supports the continued trade between the two states giving the reason that the impact that China has made in trade is tremendous. Alyson points out that the benefits retrieved from this trade have lowered the rate of inflation, thereby leading to a reduced rate of interest. This has therefore contributed to an improved economy for both China and the U. S. Bradsher is quick to point that, as much as most trade disputes are always about weapons or other crucial commodities for most governments, the trade disputes between the U. S and China are more about cars and chicken. The two states are today under so much pressure to take a stand on each other regarding their financial issues. However, it is clear from the author when he points out that these trade f rictions have to end if China and the U. S are to solve security threat issues like those in North Korea and Iran. We will write a custom essay sample on American People and the Trade Between China and the US or any topic specifically for you Only $17.96 $11.86/pageorder now The trade between China and the U. S should continue because, as aforementioned in the two articles above, it is not only China which reaps great profits from the exports it makes to America, but also the U. S. This is a statement supported by Bradsher in his article in the New York Times, when he states that the American politicians have takes more credit from due to the existence of this trade. According to Bradsher, politicians in the United States take their stand by taking measures against Chinese exports, increasing their popularity more. In my opinion, when the author says that the president in the U. S has made a decision to impose tariffs on Chinese tires, it is not only a signal that the government plans to deliver its promise to the labor unions in the world, but also shows the U. S. and China will continue to trade. If the U. S did not want to trade anymore the President would not be imposing a trade tariff. This is a clear sign that Chi na will continue to trade with the U. S despite the challenges that always arise unexpectedly.

Disadvantages Of Charismatic Leadership - 1209 Words

Charismatic leaders have been the boon and the bane of humanity for as long as recorded human history illustrates. Most people agree that charisma can be a double-edged sword capable of producing both positive and negative outcomes. (Lussier, Achua, 20216) This is where we as humans wonder about our existence. We lead and we are led. Some successes are recorded while many failures fall by the wayside. Still, there are some successes we would rather not have experienced. There is a game which children have played over the years. The game is aptly named, â€Å"Would You Rather†. In this game, one asks the group, â€Å"Would you rather meet your demise by †¦?† The choices are generally between two equally horrific or disgusting ways your life might†¦show more content†¦The assigned value to each leader is directly linked to the values instilled in or owned by the beholder. Magnificence is esteemed in saving other humans from a demise such as death. We may presume that Oskar Schindler is a hero. This was established by Schindler risking his life, liberty, and property to save as many Jewish people as he could from the horrors of genocide during World War II. Although, when we further look into his life, he was a human with his human frailties some might consider sins. We learn that Schindler did not actually create a list as was made popular in the movie directed by Steven Spielberg. â€Å"Instead, Marcel Goldberg, a Jewish â€Å"clerk† assigned to the new Plaszow commandant Arnold Buscher, played the largest role in compiling the transport list. It is generally agreed that Buscher, an SS officer, â€Å"could not have cared, within certain numerical limits, who went on the list,† according to Thomas Keneally. It’s also agreed that Goldberg engaged in a certain amount of corruption in who he added to the list and, moreover, that there was not even one â€Å"list† but rather different lists that emerged over a series of months.† (Anderson, 2014) Contrary to popular beliefs, Schindler was an ordinary business man who, being at the right time and right place in history, evolved from having monetary interests, into the interest of saving Jewish people from the horrors of the concentration camps. As we consider the greatness of saving humanShow MoreRelatedAdvantages And Disadvantages Of Charismatic Leadership913 Words   |  4 Pagesand disadvantages of charismatic leadership Charismatic leadership is among the leadership theories that can be both a blessing and a curse to an organisation. A strong vision with emotional influences can be force for positive change, such as the example of Martin Luther King’s civil rights movement, but it can lead to darkness as well. Advantages of charismatic leadership As mentioned above, charismatic leadership can at its best be an inspiration style to lead. A successful charismatic leaderRead MoreDiscuss the Advantages and Disadvantages of Some Common Leadership Styles and Evaluate How Modern Managers Can Best Implement Them to Deal with the Challenges They Face in the 21st Century.814 Words   |  4 PagesDiscuss the advantages and disadvantages of some common leadership styles and evaluate how modern managers can best implement them to deal with the challenges they face in the 21st century. Todays increasingly competitive, dynamic business landscape requires the ability to change, evaluate, and implement new courses of action (Bucic, Ramburuth and Robinson, 2010: 228-248). 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Essay On The American Dream - 1328 Words

Growing up in a Latino family introduced me to the past of my parents and grandparents. It wasn t easy. Education was important, but living under a roof, having clothing to put upon them, and having a meal to eat every day was too. Unfortunately, my grandparents nor my parents could obtain a diploma or degree. They were obligated to work hard every day to be able to help support the family in order to meet their personal needs. But of course, as many other families in America did and still do, they had a dream. The American Dream. Which was to come to America for a better life and provide a better future for their family and the future generations of the family. And I am proud to say that they accomplished that American dream.†¦show more content†¦That there would be difficult moments where I would have to work my way up and work hard for the things that I wanted to accomplish. They always encouraged me to keep moving forward with new dreams to accomplish one after another. My parents did all this because they wanted a better future for me than the future that they had for themselves at first. I say at first because today my parents have proved to me that anything is possible. My father might not have completed school but he is exceptionally intelligent as a business agent, including being the best of the best in his own job. And my mother, what can I not say about her. She proved to me that it is never too late to accomplish your dreams by going to college and obtaining her G. E. D., and knowing her she will most likely continue to a degree. Seeing all the things that they can accomplish makes me proud to be their daughter because they bring me hope. Them having lofty standards for me, allowed me to keep working harder for my dreams and even setting high standards for myself. A 70% on my report cards or even progress reports were not permitted by my parents at all. And if they did appear, I had better be prepared for the big trouble that I was going to be in. As a child, I didn t really understand what all the fuss was about. But then I realized, the reason why my parents insisted on me having such high grades as I do now was that they were lookingShow MoreRelatedEssay On The American Dream1004 Words   |  5 PagesThe American Dream: Is it Only a Dream? From the moment colonists stepped foot on American soil, freedom flowed through their skin. The new country would bring endless opprotunities to anyone who wished to pursue their dreams. Through years of effort, the United States was born and along with it a sense of equality and meaning. Today, America has much to stand for. Although times were rough along the way, the American dream is one of being free and having a voice. America has proven itself to beRead MoreAmerican Dream Essay3358 Words   |  14 PagesTHE AMERICAN DREAM THE AMERICAN DREAM Section #1 a. 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The drea m has never really changed, and I don’t think what my imagination of it ever will. Something else I think of when thinking about the â€Å"American Dream,† I immediately think about is all the people that come to the United States from all overRead MoreThe American Dream Essay799 Words   |  4 PagesWhat is the American Dream? In America, numerous cultures and ethnic backgrounds are present. The American Dream is a subjective phrase, with different meanings for different people. The novels Into the Wild by Jon Krakauer, The Bean Trees by Barbara Kingsolver, and I Know Why the Caged Bird Sings by Maya Angelou, portray different definitions of the American Dream. In theory, the American Dream is the thought that through hard work, anyone can achieve their goals in this country. In Into the WildRead MoreEssay On The American Dream936 Words   |  4 Pagespersecution. Starting with the European settlements in the 1600s and many waves of diverse groups of people migrated after thus creating this ideology known as the America Dream which encompasses the opportunity at a better life and growth in all aspects political, economic religious etc. But at what cost what is often forgot is the American nightmare which is included the perverse and horrifying accounts of colonialism, diaspora and slavery. Slaves were not migrants they did not come here on their own

The Effect of Salt on Boiling Temperature of Water Free Essays

EXPERIMENTAL SCIENCE PROJECTS:The Effect of Salt on the Boiling Temperature of Water(Initially prepared by a 4th Grade student)To quickly jump to a section below click on:INITIAL OBSERVATIONCooking instructions tell you to add salt to water before boiling it. PROJECT TITLEThe Effect of Salt on the Boiling Temperature of WaterPURPOSE OF THE PROJECTTo find out how table salt affects the boiling temperature of water. HYPOTHESISAdding table salt to boiling water will cause the water to boil at a higher temperature. We will write a custom essay sample on The Effect of Salt on Boiling Temperature of Water or any similar topic only for you Order Now MATERIALS AND EQUIPMENT ·Table Salt  ·Distilled Water  ·2 Quart Cooking Pot  ·Pint measuring cup  ·Teaspoon and tablespoon measuring spoons  ·Thermometer  ·Stirring spoon EXPERIMENTAL PROCEDUREBoil one quart of distilled water on a stove. Measure the temperature of the boiling water. Record the highest temperature reading. This is the control to compare with. Measure out table salt using a kitchen measuring spoon. Level the spoonful. Add the measured salt to the boiling water and stir. Measure the temperature of the boiling water with the salt in it. Record the highest temperature reading. Repeat for other amounts of salt. DATAData Obtained: 2/25/95, Mankato, MN|| Amount of boiling water|2 Cups| Temperature of boiling water (Control)|212. 9 °F| Amount of table salt added to boiling water: Run #1|1 Tbl. | Temperature of boiling water after adding salt: Run #1|215. 6 °F| Additional amount of table salt added to boiling water: Run #2|1 Tbl. | Temperature of boiling water after adding salt: Run #2|218.  °F| || EXPERIMENTAL OBSERVATIONSWhen the salt was added to boiling water it bubbled up more, and then stopped boiling. Shortly afterwards, it boiled again. If the thermometer extends beyond the outside of the pot it reads a higher temperature. Heat from the stove burner makes the thermometer read higher. Keep the thermometer over the pot when making temperature measurements. CALCULATIONS ·Total amount of table salt added for Run #1: 0 + 1 = 1 Tbl.  ·Total amou nt of table salt added for Run #2: 1 + 1 = 2 Tbl. RESULTS|| Temperature of boiling water (Control)|212. 9 °F| Amount of table salt added to boiling water: Run #1|1 Tbl. | Temperature of boiling water after adding salt: Run #1|215. 6 °F| Total amount of table salt added to boiling water: Run #2|2 Tbl. | Temperature of boiling water after adding salt: Run #2|218. 3 °F| || Amount of Table Salt Added VersusWater Boiling TemperatureCONCLUSIONS ·Is the hypothesis correct? Yes. Adding table salt to water causes the water to boil at a higher temperature.  ·Problems with doing the experiments. The temperature readings were hard to make. Gloves had to be worn to keep my hands from getting too hot. Had to be careful that the stove heat was not hitting the thermometer.  ·Other things learned. Be careful when adding salt to boiling water. It makes the water boil vigorously for a second or two. RELATED QUESTIONS ·Why do you think cooking instructions tell you to add salt when boiling water? When the water is hotter, you can cook food faster. Salt also makes the food taste better. || HOME[-0]|| [-0] – .. /index. html How to cite The Effect of Salt on Boiling Temperature of Water, Essay examples

Indoor Management With Limitation And Exceptions Free Sample

Question: Discuss about the Indoor Management with Limitation and Exceptions. Answer: Introduction: The indoor management rule is a doctrine under the company law which is globally accepted. The usual course of practice a company adopts to enter into contracts and other transactions is through agents who are authorized to act for the company. Thus, the said doctrine of indoor management states how laws are established to protect the an outsider who acts in a bona fide manner while contracting with the companys agent against claims initiated by the company at a later stage that the company fails to be bound by the contract as the said agent lacked appropriate authority (Davies 2010). The common law indoor management rule relies on the presumption that it is nearly impossible for an outsider involved with company for transactions is to be aware of its internal management and working. According to the rule of indoor management any individual who deals or contracts with a company is not required to inquire whether the companys internal management in relation to the contract is properly followed as long as they are satisfied that the said contract or transaction has taken place according to the article and memorandum of association of the company. Thus, the said rule states that individuals contracting with a company are presumed to be aware about the content in the memorandum and articles of association of a company and can assume that the officer or agent dealing with them on behalf of the company has complied with the memorandum and articles of association of the company (Winch 2010). The said rule was established with the famous English case law Royal British Bank v Turquand (1856) 6 EB 327. In the said case, Mr. Turquand was the liquidator of a company which was insolvent. The said company gave bonds to the Royal British Bank on security of current drawings of the company. The said bond was signed by 2 directors and the companys secretary. On being sued the company argued that an articles of the said company states that the directors are allowed to borrow money only after company passing a resolution and the resolution does not specific the amount to be borrowed. The Court in the said case stated that the bond was duly executed as the bank was not entitled to know or inquire into companys internal management (Sealy and Worthington 2013). The Court said that bank had to be aware of the articles which were registered at the Companies House which is open for the public to review that the directors of the company have the authority to borrow money by a resolution. B ut bank was not required to know what was passed in the said resolution. This judgment created the rule of indoor management. In Australia, all the laws and regulations in relation to company and business law are stated in the Corporation Act 2001. The laws in the said Act are to be complied with every company operative in Australia. The law in relation to doctrine of indoor management is also incorporated in the sections of the Corporation Act 2001 (Delport 2011). Section 128 and section 129 of the Corporation Act 2001 discuss the rule on indoor management as applicable in Australia. Section 128 of the Corporation Act gives any person dealing with a company the right to make certain assumptions under section 129 of the Corporation Act 2001. Thus, the section 128(1) of the Corporation Act 2001 states that every person dealing with a company can make certain assumptions. In the case, Gye v McIntyre, the Court stated that the word dealing should be given wide interpretation to include not just contracts but also single transactions, pre-negotiations for contracts and purported dealings. Thus, the assumptions in the said case can extend to past transactions and dealing of a company, its dealings with a third party, situations where third parties mentions an irregular past dealing of the company with an outside. In fact, the scope of the said section extends to allow assumptions even if the agent of the company or its officers acts fraudulently (Dignam and Hicks 2011). However, the section does not allow assumption in cases where the individual assuming is aware or suspects the assumption to be wrong or incorrect. Thus section 128(4) of the Corporation Act provides a defense which the company can use against claims arose based on section 128 and 129 of the Corporation Act 2001 is that the individual was aware of the irregular internal management of the company and thus cannot rely on the assumption that the internal management was followed properly. Therefore, in USSC v Hospital Products International Pty Ltd, the Court stated that any dishonest failure on part of the person dealing with a company to inquire about irregularity in the management with the fear to discover fraud or breach is considered as having knowledge of the said fraud or breach. Thus, the doctrine of indoor management cannot be applied in such cases (Goulding 2013). Section 129 of the Corporation Act is the statutory adoption of the common law doctrine of indoor management. Section 129 of the Corporation Act 2001 states the list of assumptions an outsider dealing with a company is allowed to make. According to the said section, the first assumption a person dealing with a company can make is to assume the said company has followed all the provisions of its constitution and its replaceable rules which define a companys internal management (Goulding 2013). Although section 129(1) of the Corporation Act adopts the doctrine of indoor management, its scope is narrower compared to the common law doctrine of indoor management. The scope of section 129(1) of the Corporation Act 2001 is limited to assumption about the companys constitution and the replacement rules however, the common law doctrine of indoor management will go beyond to include assumptions about compliance which the company is required to comply with under the Corporation Act 2001 which talk about the companys internal management and not just the replaceable rules (Du Plessis et al 2010). Section 129(2) of the Corporation Act 2001 states that a person dealing with a company can assume that the director or the company secretary as mentioned in the information from ASIC are appointed under appropriate authority and have powers they are exercising in relation to the dealing. This section states something in addition to the common law doctrine of indoor management (Garnett2012). It is not the exact copy of the common law doctrine of indoor management because it states that the outsider dealing with company is not required to read the ASIC information to rely on assumption. Thus, the common law doctrine requires an individual who is an outsider in the company to have seen the records to rely on the assumption which is not the case in section 129(2) of the Corporation Act 2001. Section 129(3) of the Corporation Act 2001 states that any individual who is held out y the company to be an agent or an officer is duly appointed and has the authority to exercise the powers hes exercising. The issue in interpreting this section is to determine who has the authority to make the holding out (Shepherd and Ridley 2015). Thus, the said section is an attempt to make the common law doctrine of indoor management statutory in nature. In Crabtree-Vickers Pty Ltd v Australian Direct Mail Advertising Addressing Co Pty Ltd, the Court confirms that according to common law doctrine of indoor management holding out is permitted by individuals in the company with actual authority, however under section 129(3), the need of actual authority as opposed to ostensible authority is not states. Thus, the Corporation Act 2001 gives section 129(3) a wider scope compared to common law doctrine of indoor management (Singh 2015). Section 129(4) of the Corporation Act 2001 states that person dealing with a company can assume that the companys agent and officer duly performed their duties. Additionally, section 129(5) of the Corporation Act 2001 states that a person dealing with a company can assume that any document signed without the companys seal is duly signed if its signed by either 2 directors of the total 3 directors in a company, any one director along with the company secretary or single directors where there is no other director. Section 129(6) of the Corporation Act states that a person dealing with a company can assume that any document is duly signed if contains companys common seal or is witnessed by people when the common seal was attached to it. There are multiple interpretation to section 129(4) of the Corporation Act 2001, thus, the one that compiles with the common law doctrine of indoor management is usually adopted. Additionally, the section 129(5) and 129(6) of the Corporation Act 2001 als o is incorporated in the Australian business law to promote the common law doctrine of indoor management (Abeysekera 2013). Section 129(7) of the Corporation Act 2001 states that a person dealing with a company can assume that officer and agent who are authorize to issue documents for the company have the appropriate power to guarantee that the company papers and document are true copy. Under the common law doctrine of indoor management there is ambiguity about whether a company officer or secretary is authority to guarantee the documents of a company as genuine, however, the said ambiguity is solved under section 129(7) of the Corporation Act 2001 (Bachoo et al 2013). Thus, the provisions of 128 and 129 of the Corporation Act 2001 are formed with great efficient and the primary purpose of enacting the said sections in Corporation Act 2001 in Australia was to repair the faults and ambiguities present in the common law doctrine of indoor management. However, the said sections are complex in nature and somewhere fail to protect an outsider in reality failing to satisfy the intention of the Parliament while drafting the said sections. Thus, further statutory and legislative changes are required to make the section 128 and section 129 of the Corporation Act 2001 competent to promote the intention of the Australia Parliament to protect outsiders against the internal procedures and management of a company. Thus, the Courts in Australia like in Mahony v East Holyford Mining Co (1874-75), LR 7 HL 869 always rely on the doctrine of indoor management. In the said case, the articles of a company stated that cheques have to be signed by 2 or more directors or by a director along with the secretary, and the fact that the director who signed the cheques was not duly appointed was considered a matter of internal management and thus, the outsider who received the cheque was not required to assume whether the director was duly appointed. Thus, in Australia, in most cases, the doctrine of indoor management is relied on; however, the said rule has certain exceptions. The primary exception is knowledge of irregularity which is also stated under section 128 of the Corporation Act. This exception states that when the individual has knowledge of certain internal irregularity, he is not allowed to rely on assumptions mentioned in section 129 of the Corporation Act. For example, if share transfer certifi cate has to be signed by 2 directors and the transferor was aware that one of the 2 directors who signed the said certificate was removed or disqualifies to be a director, the rule of indoor management shall not apply. (Ferran and Ho 2014). Thus, any apparent irregularity is required to be inquired about and the said protection is not allowed to be relied on in such cases. The other exceptions to the rule of indoor management are suspicion, forgery, and representation through Articles. The indoor management rule is not applicable in cases where an outsider signing the contract is under suspicion of certain irregularity; in this case, he is required to inquiry into the matter and is not allowed to rely on the said doctrine if he failed to inquire. Documents which are forged do not come under the preview of doctrine of indoor management. Additionally, if the Articles of Association of a Company clearly states something or something with an actual direct interpretation, the outsider co ntracting with the company is suppose to be aware of the same. Thus, internal management procedures stated in the Articles of Association of a company do not come under the scope of indoor management rule. Additionally, the benefits of the said rule cannot be taken if the irregularity was discoverable with proper inquiry. Thus, both the common law doctrine of indoor management and the indoor management rule under the section 128 and 129 of the Corporation Act 2001 have adopted business approach in order to protect an individual who is an outsider when he makes transactions with a company. The principle behind indoor management of business convenience is to put the desired result of the business transaction above the financial interest of innocent officers and agents of a said company. Thus, the common law doctrine of indoor management and the indoor management in the section 128 and 129 of the Corporation Act 2001 differ in how balance is to be shifted to protect the outsider. In some aspects, the scope is wider in common law doctrine of indoor management and in some cases, the ambiguity in common law doctrine of indoor management is solved by its statutory interpretation mentioned in sections 128 and 129 of the Corporation Act 2001 (Nielson and Harris 2010). However, the routine practice of applicati on of indoor management gives various powers to the directors of the company, which are often mis-used, therefore, the common law doctrine of indoor management is required to be made statutory with its limitation and interpretation to make it clear and minimum the misuse of the said doctrine by the directors of the company. Reference List Abeysekera, I., 2013. A template for integrated reporting.Journal of Intellectual Capital,14(2), pp.227-245. Bachoo, K., Tan, R. and Wilson, M., 2013. Firm value and the quality of sustainability reporting in Australia.Australian Accounting Review,23(1), pp.67-87. Davies, P.L., 2010.Introduction to company law. Oxford University Press. Delport, P., 2011. Companies Act 71 of 2008 and the'Turquand'Rule.Journal of Contemporary Roman-Dutch Law,74, p.132. Dignam, A. and Hicks, A., 2011.Hicks Goo's cases and materials on company law. Oxford University Press, USA. Du Plessis, J.J., Hargovan, A. and Bagaric, M., 2010.Principles of contemporary corporate governance. Cambridge University Press. Ferran, E. and Ho, L.C., 2014.Principles of corporate finance law. Oxford University Press. Garnett, R., 2012.Substance and procedure in private international law. OUP Oxford. Goulding, S., 2013.Principles of company law. Routledge. Jooste, R., 2013. Observations on the Impact of the 2008 Companies Act on the Doctrine of Constructive Notice and the Turquand Rule.S. African LJ,130, p.464. Nielson, L. and Harris, B., 2010.Chronology of superannuation and retirement income in Australia. Department of Parliamentary Services. Ridley, A., 2011.Company Law. Routledge. Sealy, L. and Worthington, S., 2013.Sealy Worthington's Cases and Materials in Company Law. Oxford University Press. Shepherd, C. and Ridley, A., 2015.Company Law. Routledge. Singh, A., 2015. Company law. Winch, G.M., 2010.Managing construction projects. John Wiley Sons.

Managing A Value Chain Sales and Production

Question: Discuss about theManaging A Value Chain for Sales and Production. Answer: Introduction According to Ireland, Hoskisson and Hitt (2012: 65), Porter in 1985 introduced the value chain concept and argued that organizations optimize value by managing the flow of sales and production. The author also notes that various benefits can be accrued by adopting the value chain management concepts such as improved profits and revenues as well as customer loyalty. For this reason, the paper analyzes what I have learned about managing a value chain. How My Comprehension of Value Chain Management Transformed By Studying the Subject From the analysis of the activities that characterize the value chain, I realized the role that value chain plays in enhancing customer satisfaction and consequently improved profits and revenues. I also realized that to create value; manufacturing companies must obtain raw materials and utilize them to produce valuable products. Therefore, the profitability of a company greatly depends on the value it creates for its target market (Salzarulo and Jacobs, 2014: 1990). It also depends on how a company connects its value chain activities. The value chain primary activities are those that are directly related to supporting, maintenance, sale and the physical creation of a product. Primary value chain activities include the sales and marketing of the products, offering after sale services and inbound and outbound activities (Morin Jarrell, 2000: 85). Support activities, on the other hand, play a crucial role in primary activities of the value chain. Support activities include technologic al advancements, the management of human resources, the development of infrastructure and procurement (Wilson, 2006: 75). Both support and primary activities form the basis through which companies produces valuable service or product. Overview of Whether What I Have Learned Increases My Awareness Regarding the Significance of Value Chain Management What I have acquired from the subjected has given me a clue on the significance of value chain management. For instance, I know understand that efficient management of the value chain results in greater benefits for the company. Some of the advantages that organizations obtain by managing the value chain include: Reduced Delivery Times Value chain analysis permits manufacturers to strengthen their connection with retailers or wholesalers by delivering their orders in time (Hill Jones, 2010: 60). Retailers and wholesalers also benefit from an excellent value chain because they can actually coordinate their selling and buying activities. Besides, end consumers also benefit from more consistent and faster on-time delivery, especially when goods are moved faster by trade channel partners. Improving Customer Relationships To enhance customer relationships, it is important for organizations to manage their value chain factors successfully. These factors include outbound logistics, operations, and inbound logistics. By effectively managing these factors, the reseller minimizes costs and improves response times for customers (Harrison St. John, 2010: 73). Likewise, to enhance their services, marketing and sales aspects; resellers makes use of rewards or loyalty initiatives to encourage clients to acquire more products and in turn enhance their loyalty towards the company. Optimize Inventory An efficient value chain allows retailers to collaborate with suppliers in an endeavor to integrate the outbound processes of the manufacturer and inbound logistics of the retailer to minimize delivery times. According to Sabri and Shaikh (2010:52), a majority of retailers make use of just-in-time inventory processes to produce more regular and small orders as well as reduce their level of stock. How My Participation in Group Activities Transformed My Knowledge and Perception Regarding Value Chain Management Through group discussions and assignments, I gained significant insights on how the various elements of the value chain work in collaboration to enhance an organization competitive advantage in the industry. I learned that inbound logistics entails all activities related to distributing, storing, and receiving inputs internally. The creation of value using this aspect greatly depends on the relationship between the supplier and the company. Operations, on the other hand, involves all activities that transform inputs into outputs to meet the varying needs of the end consumer whereas outbound logistics allows companies to deliver their service or product to their target audience(Walters Rainbird, 2007: 48). Outbound logistics is defined by things such as the distribution, storage, and collection systems which can either be external or internal to an organization. The service aspect of the value chain entails all activities offered to customers after purchasing a product with the aim o f safeguarding their value. The marketing and sales aspects of the value chain encompass all processes used by the company to persuade customers to purchase products from the company rather from the competitors (Harrison St. John, 2010: 60). However, the manner in which the value of the products is communicated to the client significantly determines the rate at which the company products are purchased. The above elements are considered the primary activities of the value chain, and they require support activities to enhance their effectiveness. Examples of support activities include technological advancements, the management of human resources, the development of infrastructure and procurement management (Harrison St. John, 2010: 61). Through procurement, an organization acquires the needed materials to operate. For instance, through procurement, the organization identifies suppliers whom they negotiate best prices to supply the needed materials. Likewise, the organization through human resource management retains rewards, motivates, trains, hires, and recruits competent staffs who add value to the organization. Infrastructure, on the other hand, includes all the functions and support system that allows a company to maintain its routine operations. Examples of these routine operations include general management, administrative, legal, and accounting functions. The technological de velopment allows the company to protect its knowledge base and at the same time process and manage information. How I Will Utilize the Above Knowledge in My Place of Work From the group discussions and activities, I realized that primary activities of the value chain are considered more important that the support activities. From my analysis, I realized that despite the fact that primary activities play an essential role in directly adding value to the company production process, they should not be considered more crucial than their counterparts (support activities). In the contemporary business environment, innovations or technological improvements in business processes or business models are the drivers of competitive advantage. For this reason, support activities including general management, Research and Development, or informational systems are essential source of product differentiation whereas primary activities enhance a company cost advantage. For this reason, I will consider both primary and support activities in enhancing the company competitiveness in the industry. List of References Harrison, J. S., St. John, C. H. (2010) Foundations in strategic management, Mason, Ohio, South-Western: Cengage Learning. Hill, C. W. L., Jones, G. R. (2010) Strategic management theory: an integrated approach, Boston, MA: Houghton Mifflin. Ireland, R. D., Hoskisson, R. E., Hitt, M. A. (2012)Understanding business strategy: concepts plus, Mason, OH., South-Western: Cengage Learning. Morin, R. A., Jarrell, S. L. (2000) Driving shareholder value: value-building techniques for creating shareholder value, New York: McGraw-Hill. Sabri, E. H., Shaikh, S. N. (2010) Lean and agile value chain management: a guide to the next level of improvement, Ft. Lauderdale, FL: Ross Pub. Salzarulo, P.A, Jacobs, F.R (2014) 'The incremental value of central control in serial supply chains', International Journal of Production Research, vol. 52, no. 7, pp. 1989-2006. Walters, D., Rainbird, M. (2007) Strategic operations management: a value chain approach, Basingstoke: Palgrave Macmillan. Wilson, J. P. (2006). Human resource development: learning training for individuals organizations. London: Kogan Page.