TSLF and TALF Facilities in the United States

TALF is a bank facility that was created on 25 of November 2008 by United States Federal Reserve Bank of New York (FRBNY). This program was created to offer support in issuing asset-backed-securities (ABS) where the collaterals are for example loans for students, loans with Small-Business-Administration (SBA) guarantee, loans for credit cards and also auto loans.Advertising We will write a custom report sample on TSLF and TALF Facilities in the United States specifically for you for only $16.05 $11/page Learn More The Federal Reserve Bank of New York (FRBNY) had originally planned to lend to a tune $200 billion but later increased the amount under this TALF program/facility to $1 trillion. The lending was to target certain people who are holders of loans, are AAA-rated and are also supported by the SBA for small amounts of loans meant for business and consumption. On the other hand, TSLF is a financial facility which is meant to offer the United States t reasury general collateral (GC). The general collateral (GC) is offered to the Federal Reserve Bank based in New York and in reiteration the treasury gets other programs which also have eligibility for collaterals. TSLFs main intention and purpose is to enable liquidity in the markets for the United States treasury and therefore improve on the performance of financial markets. TSLF is usually a facility for 28 days targeting the primary dealers based in New York’s Federal Reserve Bank. The primary dealers have to bid in a competitive way in auctions which are singly priced and are held on weekly basis. The program-eligible collateral is pledged by the borrowers (Federal Reserve Bank of New York, pg.1). Contrary to the money under the TSLF financial facility the TALF monies do not usually come through the US treasury. To be in a position to lend money under the TSLF facility the Federal Reserve Bank of New York has to seek the legal approval from the legislature which is the h ouse of congress. This is because the monies under the facility are disbursed from the United States treasury. On the other hand, under TALF facility no congressional approval is required to undertake the program since it emanates from the bank itself. The agreement under TSLF is basically security for other securities or security-security and therefore does not impact on the level of reserves for the Federal Reserve Bank while TALF facility affects the reserve levels in the bank. Under the TSLF, the Federal Reserve determines the collateral eligibility criteria. As the situation is today, collateral is determined by the eligibility to purchase again the tri-party agreements. Agreements for tri-party are only arranged through the trading desk on open markets and other kinds of assets, mortgage, municipal and corporate securities. The Federal Reserve closed the extension of new loans in line with securities backed by mortgage under TALF facility on 30th June 2010 and on March 31 2010 closed extensions on other types of securities backed loans (Federal Reserve Bank of New York, pg.1).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The objective TALF which was created in 2008 by the Federal Reserve Bank and consequently began operations in March 2009 was to help participants and other operators undertaking business ventures to be in a position to meet the needs for credit in doing business, credit required for their household needs and also for others to be able to own small scale businesses. On the other hand, the intention behind the TSLF facility which was created also in March 2008 was for enhancement of liquidity in the United States treasury. It was also meant to promote liquidity in other operating collateral markets. The liquidity was to enable the financial markets to become more vibrant generally. TSLF Options Program (TOP) was created by the bank in July 200 8 and consequently suspended in October 2009 as the bank introduced another option of borrowing the securities from treasury for a short duration of time and in specific dates. This kind of borrowing was supposed to follow a certain collateral eligibility criteria. Though they had own challenges in creation and subsequent implementation TSLF and TALF transformed the United States financial markets as compared to the traditional monetary policy tools like increasing and decreasing bank interest rates to ensure certain levels of liquidity or use of open market operations (International Business Publications, pp.1-15). Works Cited Federal Reserve Bank of New York. Term Asset-Backed Securities Loan Facility. March 2008. 10 July 2010 http: www.newyork.org/markets/talf.html. Federal Reserve Bank of New York. Term securities lending facility. March 2008. 10 July 2010 http:www.newyork.org/markets/tslf.html. International Business Publication. US Federal Reserve System Handbook. New York, I nternational Business Publications, 2006. Print. This report on TSLF and TALF Facilities in the United States was written and submitted by user Quinn Flynn to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Populist Party

There were a few reasons why the Populists emerged in the late 19th century. This third political party originated in America in the later part of the 19th century. This party was derived from farmer’s discontent and also an economic distress. The discontent was caused by the country’s shift from an agricultural and agrarian America to an America in which industrialists dominated the nation’s development. The public felt as if they had been cheated by the robber barons. These robber barons, a term given to those who took advantage of the middle and lower classes, legally took advantage of classes inferior to them. Vanderbilt, a well-known railroad baron once said, â€Å"Law! What do I care about the law? Hain’t I got the power?† The change from agrarian to industrial had a profound effect on everyone’s life. Ignatius Donnelly, a leader in the Populist Party wrote, â€Å"We meet in the midst of a nation brought to the verge of moral, political, and material ruin. Corruption dominates the ballot-box, the Legislatures, the Congress, and touches even the ermine of the bench . . . A vast conspiracy against mankind has been organized â€Å" As a result of this significant change, several reform movements were commenced. Prohibition began along with socialism and the Greenback Labor Party. Each of these was created in hope of making a difference for themselves or for the country. The farmers in particular were distraught for four reasons: physical problems, social and intellectual concerns, economic difficulties, and political frustrations. The physical problems was the climate. Following 1885 there was an immense drought on the merican prarie making the land less farmable, and causing the land to earn the epithet the Dust Bowl. Furthermore, there were extreme blizzards resulting in innumerable deaths of cattle and livestock. Also, farms were very isolated causing the women and children to lead a life of solitude and boredom. The far... Free Essays on Populist Party Free Essays on Populist Party The ride of the Populist Party attained its greatest strength during the 1800’s resulting from the support of the farmers and delegates from labor and reform groups. They tended to support an increase in money supply, by printing more paper or by coining silver, better government regulation of business, and other alterations they hoped would help farmers and laborer. In 1891, farmers and delegates from labor and reform groups met to discuss these issues. Here they formed the People’s Party, most famously known as the Populist Party. The Populist Party was known for its high-spirited leaders, who stimulated the public with inspiring speeches. The Populist movement also made a remarkable attempt to create new and independent culture for the countries farmers (Blum 286). The party soon began to take off, gaining recognition throughout the states by the 1890’s. In the 1892 election, the party nominated James B. Weaver of Iowa who stood on the platform of free silver. With silver restored to its significant status, Populists argues, that the nation would have more money for circulation. This steady rise in the value of the dollar would end, and farmers would finally receive the high prices they needed. Weaver was also an advocate of government ownership of railroads, and telegraphs and telephone lines, along with other political reforms. Even though they fought hard, they did not win the election. However, their lose if the election did not diminish the party’s hopes. By the next election year in 1896, the populists were faced with a real problem when the Democrats nominated William Jennings Bryan of Nebraska to run. Bryan was a democrat, however was very supported by the Populist Party. The Populists knew, that they could not run against Bryan, and thus would have to support Bryan. Even so, the Southern wing of the Party was extremely opposed to Bryan and his ideals. At a final attempt for unison though, the Southern wing folded... Free Essays on Populist Party There were a few reasons why the Populists emerged in the late 19th century. This third political party originated in America in the later part of the 19th century. This party was derived from farmer’s discontent and also an economic distress. The discontent was caused by the country’s shift from an agricultural and agrarian America to an America in which industrialists dominated the nation’s development. The public felt as if they had been cheated by the robber barons. These robber barons, a term given to those who took advantage of the middle and lower classes, legally took advantage of classes inferior to them. Vanderbilt, a well-known railroad baron once said, â€Å"Law! What do I care about the law? Hain’t I got the power?† The change from agrarian to industrial had a profound effect on everyone’s life. Ignatius Donnelly, a leader in the Populist Party wrote, â€Å"We meet in the midst of a nation brought to the verge of moral, political, and material ruin. Corruption dominates the ballot-box, the Legislatures, the Congress, and touches even the ermine of the bench . . . A vast conspiracy against mankind has been organized â€Å" As a result of this significant change, several reform movements were commenced. Prohibition began along with socialism and the Greenback Labor Party. Each of these was created in hope of making a difference for themselves or for the country. The farmers in particular were distraught for four reasons: physical problems, social and intellectual concerns, economic difficulties, and political frustrations. The physical problems was the climate. Following 1885 there was an immense drought on the merican prarie making the land less farmable, and causing the land to earn the epithet the Dust Bowl. Furthermore, there were extreme blizzards resulting in innumerable deaths of cattle and livestock. Also, farms were very isolated causing the women and children to lead a life of solitude and boredom. The far...

How Pearls Form and Which Species Makes Them

How Pearls Form and Which Species Makes Them The pearls you may wear in earrings and necklaces are the result of an irritant under the shell of a living organism. Pearls are formed by saltwater or freshwater  mollusks - a diverse group of animals that includes oysters, mussels, clams, conchs, and gastropods.   How Do Mollusks Make Pearls? Pearls are formed when an irritant, such as a bit of food, a grain of sand, bacteria or even a piece of the mollusks mantle becomes trapped in the mollusk. To protect itself, the mollusk secretes the substances aragonite (a mineral) and conchiolin (a protein), which are the same substances it secretes to form its shell. The composite of these two substances is called nacre, or mother-of-pearl. The layers are deposited around the irritant and it grows over time, forming the pearl. Depending on how the aragonite is arranged, the pearl may have a high luster (nacre, or mother-of-pearl) or a more porcelain-like surface that doesnt have that luster. In the case of the low-luster pearls, the sheets of aragonite crystals are perpendicular to or at an angle to the surface of the pearl. For the iridescent nacreous pearls, the crystal layers are overlapping. Pearls may be a variety of colors, including white, pink and black. You can tell an imitation pearl from a real pearl by rubbing them on your teeth. Real pearls feel gritty against the teeth due to the layers of nacre, while imitation ones are smooth. Pearls are not always round. Freshwater pearls are often shaped more like puffed rice. Unusual shapes can also be prized for jewelry, especially for large pearls. Which Mollusks Make Pearls? Any mollusk can form a pearl, although they are more common in some animals than in others. There are animals known as pearl oysters, which includes species in the genus Pinctada. The species Pinctada maxima (called the gold-lipped pearl oyster or silver-lipped pearl oyster) lives in the Indian Ocean and the Pacific from Japan to Australia and produce pearls known as South Sea Pearls. Pearls may also be found and cultured in freshwater mollusks and are often produced by species collectively called pearl mussels. Other pearl-producing animals include abalones, conchs, pen shells, and whelks. How are Cultured Pearls Made? Some pearls are cultured. These pearls do not form by chance in the wild. They are helped by humans, who insert a piece of shell, glass or mantle into a mollusk and wait for pearls to form. This process involves many steps for the oyster farmer. The farmer must raise the oysters for about three years before they are mature enough to implant, keeping them healthy. Then they implant them with the graft and nucleus and harvest the pearls 18 months to three years later.   As natural pearls are very rare and hundreds of oysters or clams would have to be opened to find one wild pearl, cultured pearls are more common.

Project Management Plan Essay & Presentation Example | Topics and Well Written Essays - 250 words

Project Management Plan & Presentation - Essay Example Application of these systems have proved to be insufficient in operations of Qatar Hospitals and requires improvement. As such, this current system will be replaced by an Integrated Hospital System (HS) in order to improve the performance of the hospital operations. The new systems seeks to update the hospital system in the wake of technological advancement especially during emergencies. The purpose of Request for Quotes is to request proposal to replace the current Qatar Hospitals Systems with a new integrated Hospital System (HS) for greater functionality and integration with other vital information systems. The Request for Quotes indicates the basic requirements of the project, hardware and software and description of RFQ process. The resolution of this document is to express the communications strategies and goals of the sustainable integration project. These advanced goals and strategies are anticipated to offer direction in planning and evaluating results of the present and forthcoming communications efforts. The sustainable packaging project Communications Management Plan (CMP) expresses the project’s organization and procedures of information screening, collection, distribution and formatting of project information. The communication log for this project helps track communication as follows. The plan will be aimed to document the tools, processes and procedures that will be used to achieve and control those events that could have a negative effect on this project. All the risks that are related to the project. The details regarding identifying the risk, assessing, risk tracking and reporting as well as risk contingency plan will be included. The identified risks are presented as

Cognitive behaviour therapy- case study Essay Example | Topics and Well Written Essays - 3000 words

Cognitive behaviour therapy- case study - Essay Example At the surface are the negative automatic thoughts (NAT), which are beliefs and assumptions stored in memory as schemas (Bartlet, 1932). NAT forms the basis of the classic Beck model of depression, which is based not only on NAT about oneself, and the world and the future, but also upon maladaptive assumptions and negative schemas (Beck, 1967). The underlying cause of anxiety is a distortion in processing information is connected with the client’s overestimated concept of danger and the underestimated ability to cope (Beck, Emery & Greenberg, 1985). Activation of danger appraisals, in conjunction with physiological changes maintain different anxiety vicious circles (Simmons & Griffiths, 2009). Specific models of disorders, such as generalized anxiety disorder (GAD) are characterized by the person’s inability to cope with chronic worry. Similarly, the Social Phobia Model emphasizes the fact that, in the cognition of the person suffering from social phobia, certain situat ions are associated with danger (Clark & Wells, 1995). CBT is goal-oriented, and it emphasizes collaboration and active participation (Westbrook et al., 2007). CBT teaches the client how to identify, evaluate and respond to his or her dysfunctional thoughts and beliefs. ... At the beginning of the session, she was avoiding eye contact by nervously adjusting her scarf, trying to cover red stains all over her chest and neck. I deliberately ignored this behavior, and focused on the therapy process, which helped her to relax. She became less fidgety and our conversation went fluently. Client biographical details and recent history: Sally is a 24-year-old female, who is single and working as a training officer. Sally describes her childhood as happy, however, there were events which may have significantly influenced her current life. Her parents divorced when she was eight. This confused her, but it did not affect her as much as it could have, because both parents were there for her. She has a close relationship with her mother, although she described her as overprotective and bossy. Since the age of seven, Sally was physical and psychologically bullied by other kids at her school. Because of this, she had problems adapting to school and struggled to fit in socially to school life. Because of this, she had to change schools twice. Sally continued her education at a university in Scotland. Her teenage life was also influenced by a few dramatic events. When she was sixteen, she had her first abortion. She described this as a relief, as both she and her boyfriend were about to start university. During the first year at the university, Sally had her first depressive episode. She described her first year at university as horrible. She was bullied by her flatmates, and she felt lonely and separated from her boyfriend and family. Sally felt under pressure, and struggled with university requirements. She perceives those

The SWOT Analysis: Pepsi

The SWOT Analysis: Pepsi PEPSI is an international player in the soft drink market and operation across the world. In 1893, PepsiCo started its manufacturing in 1893. It got a new name as Pepsi-Cola on August 28, 1898. Then in 1961, it was ultimately named as Pepsi. Initially it was marketed as Brads Drink. The substitutes available in the same market are as follows: 1) Coca-Cola 2) Cola Turka 3) Big Cola 4) RC-Cola In every segment of the target market, Pepsi is highly favorable. Due to its wise spread use at homes, ceremonies and during travels, it has been chosen for this project. Problem Statement In these days, management at the company has observed a significant delay in the sales of their product, Pepsi in this case. The demand for the particular has also declined with time. These business managers have proposed different factors affecting this problem. For instance: 1) A relatively good taste of Rival Products 2) Improvedvalue of Competitors Products 3) Low Price Rival Product 4) BetterPremeditatedDevelopment of Rival Companies Consequently Company Managers have comprehended the need of RE-FINANCING STRATEGIC MANAGEMENT PLAN. It evaluated the company processes on the followings fators: SWOT ANALYSIS PEST 5 Cs (company/collaborators/customers/climate/competitors) 4/7 Ps-product,price,place,promotion,people,process,physical Environment. Market Analysis In the cold drink market, some of the players were: Distributers Retailers Customers Suppliers and Competitors With the entrance of other players into the market, there can have threats or benefits. In the case of Pepsi, this was of a significant value. We will analysis these factors as entrance to barriers on the SWOT basis. SWOT ANALYSIS:PEPSI Strengths Branding The premier brand of PepsiCo is Pepsi. In 2008, it got ranked at the 26th position out of 100 top brands of the world. The value of annual sales is $15000 million Other brands of the company include Diet Pepsi, Gatorade Mountain Dew and have the presence in over 200 countries. In the US beverage industry, it has a market share of 39% and 26% in the Snacks Industry. A large proportion of the sales is accumulated through these brands. Diversification The diversification includes the aspect that each top 18 brands of PepsiCo generates approximately $1000 million of annual sales. Distribution The wider distribution network of Pepsi works such that the manufactured product is delivered to warehouses, then to customers ware houses and then to retailers. Weaknesses Overdependence on Wal-Mart PepsiCos largest customer is Wal-Mart. Wal-Mart operates through low price themes which indirectly put pressures on Pepsi to lower down its prices in accordance with its biggest customers. Overdependence on USMarkets The US market generates around-+ 52% of Pepsis total revenues. Low Productivity Low productivity is evident from the fact that in 2008, the revenue that it generated was $219,439 per employee. It was significantly lower than its rivals in the market. Opportunities Expansion of Product Base PepsiCo is pursuing to cope with one of its major weakness: enslavement on US markets by getting Russias topJuice Company, Lebedyansky, and vwwater in the UK. In this way, it would be able to increase its product base in a more competitive market. International Expansion Currently PepsiCo is expanding by making investment in China ($1000 million) and India ($500 million). This points out towards the fact that it is trying to increase its international base and lower its dependency on the US market. The future plans include expansions in Brazil and Mexico through huge investments. Growing Savory Snack and Bottled Water Market in US There is a huge potential for PEPSICO to capitalize on the expanding bottle water market which is expected to have a $24 billion volume by 2012. Threats Sharp Decrease in the Sales of Carbonated Drinks The sales of soft drinks have decreased significantly.Though PepsiCois experiencing diversification but it projected that it would be facing the impact of this decrease. Possible Negative Influence of Government Regulation PepsiCo can be negatively affected as the state and central laws would hinder its operations in marketing, sales and manufacturing. Powerful Competition The one major competitor of PepsiCo in the market is Coca-Cola. Nestle and Marina is also counted as its rivals. The intensive, edge to edge competition in the market can affect pricing policies, marketing, sales and other promotion strategies put forward by the company. For instant the sales of juice has significantly increased for Coca-Cola as compared to Pepsi. Potential Commotion Due to Labor Unrest Pepsi Co is susceptible to strikes and other labor disputes. For example, a strike in India in 2008 had prevented the manufacturing for almost a month. These can exacerbate problems for the company. PEST ANALYSIS: PEPSI A particular business is dependent on an environment to get its revenues for the goods and services that it provides. These environments can both be external or internal. Political Environment: Pepsi To run a successful business, PepsiCo is dependent on the public policy as it is one of the largest multi nation companies in the world. Thus an active participation is essential for the company towards the deliberations of public policy. Political Involvement Policy Citizens Fund (CCF) is the respective entity of PepsiCo that gets voluntary employee assistances to make political campaign contributions to Federal and state political parties, PACs and electoral candidates. These actively help the company to take part in the democratic process in the country. Economic Environment: Pepsi The Primary responsibility of the company, PepsiCo, is to take the necessary measures to preserve the sustainability of the environment in which it works for instance ecological environment, social and economic. Pepsi Co is aware of the critical role that agriculture plays towards different aspects of the business operations. Pepsi Co also recognizes the dangers emerging out of the shortage in food supply and the respective food security threats. Social Environment: Pepsi The unique social environment at Pepsi Co is very desirable where its people are working together for a sustainable present of prosperity. This, in turn, would be beneficial for Pepsi itself. Its promise is to provide the localize versions of its products by keeping in mind the preferences of the local communities in which the business is operating. Technological Environment: Pepsi Technological advancements have helped PepsiCo to enhance its production capacity. Therefore it is making full use of the new technology. PepsiCo is getting a key help through advancements in IT. Situation Analysis: Pepsi It is very necessary for a company to satisfy the needs of its customers while maintaining the profitability through sales. This can be achieved if company keeps track of all the internal and external factors in that environment. 5Cs provide the Situation Analysis for a particular firm operating in a particular market. These are as follows Company Product line Image in the market Technology and Experience Goals Culture Collaborators Distributers Suppliers Coalitions Customers Market size and growth Market Segments Retail channel-where does the consumer actually purchase the product? Consumer Information Sources-where does the customer obtain information about the product? Rate of Purchase, seasonal factors Quantity purchased at a time Trends-how consumer needs and preferences change over time Competitors Real or Potential Direct or Indirect Products Positioning Market Shares Strengths and Weaknesses of competitors Climate or Context The climate or macro-environmental factors are: Political and Regulatory Environment: Which specific policies affect the company Economic Environment: business cycle, inflation rate, interest rates, and other topics Social/Cultural Environment: Trends and fashions in a particular society Technological Environment: The relationship between demand and the impact of technology 7 Ps -Product,Price,Place,Promotion,People,Process, Physical Environment: Pepsi 7 Ps are called Marketing Mix and help in meeting marketing objectives for a company. Pepsi-Product The cola drink includes the ingredients such as carbonated water, high fructose corn syrup, sugar, colorings, phosphoric acid, caffeine, citric Acid and natural flavors. Following are the popular brands of PepsiCo: Pepsi Twist, Pepsi Tarik, Pepsi Samba, Mountain Dew, etc. Coke v/s Pepsi-Product Pepsi and Coke are the major rivals in the market and compete against a verity of products in the market: COKE PEPSI 1) The dark colored Cola drink initiated the rivalry with Pepsis carbonated drink 1) Pepsi too has a cola version of carbonated drink which competes against the coke 2) Vaultwas released by the Coca-Cola company in June 2005. It is a carbonated drink. 2) Mountain Dew MDXis the version released under Mountain Dew in 2005 after a new marketing campaign 3) Spriteis a clear lemon- time flavored soft drink manufactured by the coca-cola company. 3) 7 UP is a lemon carbonated drink competing with Sprite 4) Diet Coca-Colais a sugar free soft drink produced and distributed by the Coca-Cola Company 4) Diet Pepsiis a low-calorie carbonated cola. 5) Fantais a soft drink citrus brand owned by The Coca-Cola Company. 5)Mirindais soft drink brand owned by PepsiCo and it competes with Fanta Table : Coke v/s PEPSI Price Price is the monetary value of a good in a particular currency. Pricing is the major portion of the marketing mix. Before the entrance of PepsiCo in the market, Coke was the only player in the market nd it directed the price of the cola drink. The competition emerged after the entrance of Pepsi. Now the price is determined on the basis of competition between Coke and Pepsi. Pepsi portrays a flexible attitude and cut downs its prices at times. This has also incurred some loses for Pepsi due to the risks attached. Though the lowered prices would attract more customers, it also badly affects the production cost which becomes difficult to cover. This was an early phase situation for Pepsi but now it has recovered due to the rapid growth that it is making. Place In marketing, is a geographic location, an industry, a group of people to who company wants to sell its products. Pepsi like Coke has its network all over the world. Pepsi has joined forces with companies like Quaker Oats,Lipton etc. It runs ads in different localities of the world. Promotion Promotion encompasses 4-subcategories: Advertising Personal selling Sales Promotion Publicity and Public Relations A promotional strategy can include: a) Sales Shootouts b) New product reception c) Brand Equity Emergence d) Positioning e) Competitive retaliations f) Creation of a corporate image Pepsi and Coke have a special status regarding their promotional activities.The rivalry was initiated when Pepsi started its blind taste challenges. It took the method of a taste test at public places like shopping malls, community centric hubs etc. By letting people taste both the colas, they asked the people to select the preferred one so that people would buy Pepsi. The following chart provides a comparison between Pepsi and Coke: Figure : Price Comparison People- Pepsi Pepsi has deeply affected the lives of people by changing their preferences. Process-Pepsi Process involves the transformation of inputs into outputs. With the latest technology, pepsi has helped people to get a much better carbonated product. Physical Environment-Pepsi The internal and external environment has been affected by the operations of Pepsi and it holds a well-established position for that. THE RE-FINANCING STRATEGIC MANAGEMENT PLAN It is the particular strategy of framing, executing and gauging decisions that allow an organization to meet its objectives. The making and designing of a strategy includes the following: Vision and Mission(the target of the business) Strength and Weakness Opportunities and threats The contemplations for top strategy devising are: Allocation of resources Business to enter or retain Business to divest or liquidate Joint ventures or mergers Whether to expand or not Moving into foreign markets Trying to avoid take over HRM and Strategy Strategists: are individuals who are most responsible for the success or failure of an organization. They are individuals who form strategies. They have various job titles, such as CEO, President, owner etc. Pepsi- Vision Statement PepsiCos responsibility is to continually improve all aspects of the world in which we operate- environment, social, economic-creating a better tomorrow than today Pepsi Cola Mission Statement Our mission is to increase the value of our shareholders investment. We do this through sales growth, cost controls, and wise investment resources. We believe our commercial success depends upon offering quality and value to our consumers and customers. Providing products that are safe, wholesome,economically efficient and environmentally sound, and providing a fair return to our investors while adhering to the highest standards of integrity. Types of Strategy Competitive Advantage: Pepsi By taking our competitive strengths, and investing in them to create longer-term value to sustain growth. PepsiCo has 3 key advantages: big, muscular brands the proven ability to innovate and create differentiated products , and Powerful go-to-market systems. Cost Advantage It is the global leader in savory snacks, and those snacks can be paired with its beverages in the marketplace. Those pairings will enable PepsiCo to provide unique offerings to retail and foodservice customers. Market Dominance It is one of the worlds most familiar consumer food and beverage companies, offering brands like Frito-Lay, Gatorade, Tropicana and Quaker. The Coke vs. Pepsi conflict raged on for decades across the country on supermarket shelves, fast food restaurants and the like. New Product Development Pepsi As a consumer-focused company, we want to enrich the lifestyles of our consumers while increasing the local relevance of the products we make. We recognize the need to understand and respect local cultures, rituals, patterns and intake gaps when developing delicious-tasting convenient and affordable products for consumers in that market. For example, in India, we have introduced a whole-grain product for breaking the fast around the observance of Ramadan. In China, we have introduced congee (with whole grains and reduced sodium) as a locally relevant breakfast offering to add nutritional value to the Chinese diet, and were introducing products made from grains in sub-Saharan Africa as a change from those made with plain flour. Contraction/Diversification IndraNooyi, PepsiCo Chairman and Chief Executive Officer, said, Our results this quarter reinforce the advantages of our balanced portfolio, as our food and international businesses delivered solid performance while we continued the transformation of our North American beverage business. As part of its strategy to grow in key markets, the company recently announced plans to invest $1 billion over the next four years in China, PepsiCos highest priority growth market. And, in Russia, PepsiCo along with its partner The Pepsi Bottling Group, Inc. announced a plan to invest $1 billion over the next three years. Price Leadership Strategy An observation made of oligopolistic business behavior in which one company, usually the dominant competitor among several, leads the way in determining prices, the others soon following. The context is a state of limited competition, in which a market is shared by a small number of producers or sellers. Pepsi- Global Strategy It is not just another beverage on the vast shelf of choices. Pepsi made a decision years ago to diversify its offering and branch into the global arena. Pepsi is an American multinational corporation headquartered in Purchase, New York. It is a manufacturing company distributing beverages and snack foods across 200 countries. Pepsi-Reengineering Strategy Reengineering initiatives typically lead to a business organization with these characteristics: 1. Business processes are simplified rather than being made more complex. 2. Job descriptions expand and become multi-dimensional people perform a broader range of tasks. Downsizing PepsiCo Inc. is considering cutting approximately 4,000 employees and reducing pension contributions in order to increase their income.Citing a source, reported the New York Post, quoted by Reuters on Friday (06.01.2012), currently the company offers retirement plans and matching contributions to 401 thousand retirement savings account.One of these large companies believes that by offering both of these are an act that is more generous.Pepsi-party claims when 401 thousand by eliminating the retirement savings account that will save the company up to USD75 million. The layoffs, accounting for approximately one percent more than the payroll company, will include a small number of workers at its headquarters. Delayering To lessen the size of a business hierarchy, especially in terms of a reduction in management. This creates a flatter(less layered) organizational structure. There have been numerous cases of companies delayering their organization structures over the past few years. Many of these companies include industry leaders rarely satisfied with their past success, continually searching to improve all facets of their business, including their management structure. Recent examples of well-known companies that have delayered include Pepsi-Cola, Hewlett-Packard, Corning, Tenneco, and General Electric, to name only a few. RESTRUCTURING PepsiCo Inc. plans to cut 8,700 jobs in a restructuring as it seeks to offset high commodity costs and increases investment in advertising and marketing in North America.Its a lower figure than sources had expected. Of PepsiCos 100,000 U.S. workers, about 2,000, or 2 percent, are on the chopping block, say knowledgeable sources, a figure Mr. Nicolas couldnt immediately confirm. Some 1,800 people work at the West Loop headquarters of Quaker Oats, Gatorade and Tropicana. Other PepsiCo teams plus its global nutrition group also are in Chicago. Mr. Nicolas declined to comment on specific jobs or people before the company notifies workers of their status this week. The Financial Analysis Pepsi Bottling Group is the worlds largest manufacturer, seller and distributor of Pepsi-Cola beverages. With annual sales of nearly $11 billion, the companys fastest growing segment is non-carbonated beverages, including the number one brand of bottled water in the U.S., Aquafina, as well as Tropicana juice drinks and Lipton Ice Tea. As part of a 24/7 production operation, the companys Detroit plant ships about 27 million cases per year. Production at the plant begins as empty bottles are unloaded from trucks via conveyor and transported to a depalletizer. From there, they are, rinsed, dried and sent to a filling machine (filler speeds at the plant vary based on bottle size, ranging from 350 to 1,000 bottles per minute). The bottles leave the fillers and make their way to a packaging machine, and then to a palletizer. Each pallet is wrapped for distribution and moved to the warehouse for shipping. We can show the statement of financial position of PEPSI Inventory (raw materials) in different years in the following chart. Figure : Financial Position of PEPSI Inventory (raw materials)

John Mill and Immanuel Kant Essay

The following is a conceptual paper that I have written to address the following questions: 1.  Ã‚  Ã‚  Ã‚  Ã‚   What is enlightenment for Kant? What is the public use of reason? 2.  Ã‚  Ã‚  Ã‚  Ã‚   According to Mill, how do people develop understandings of the world? Do most people have sound understandings? Question 1 Kant observed that: â€Å"If it is now asked: â€Å"Do we presently live in an enlightened age?† the answer is, â€Å"No, but we do live in an age of enlightenment.† (Kant, p.4) So, Kant characterized the state of society and separate individuals as imperfect, and pointed, that Enlightenment is a long-lasting process. Kant explained Enlightenment as â€Å"man’s emergence from his self-imposed immaturity† (Kant, p.1). Such immaturity for him meant inability to use own reason and to â€Å"think with own head†. The basic characteristic of immaturity is that it is caused not by lack of understanding or ability, but by lack of will and desire to think. Under Kant’s teaching, most of the individuals would rather prefer to rely on other’s understanding, than on their own. So, they gladly follow orders of teacher’s, priests and government authorities (Kant, p. 2).   So, Kant believed, that the purpose of Enlightenment was to tech people think for themselves. Kant separated that, what he called â€Å"private use of reason† from that what he called â€Å"public use of reason†.   Generally, public use of reason is defined as ability to think and argue reasonably before authorities. The situation of public use of reason may be potentially unpleasant or even dangerous for an individual, however, an enlightened person should not be afraid to think rationally and reject unfounded claims of, for example, taxman or pastor. Those latter in turn are to apply private reason – ability to think rationally, attributable to persons, filling public positions (Kant, p.3). Under Kant, in case most of the individuals in a particular society are able to apply both public and private reason, such society may be considered as enlightened. Question 2 According to Mill, only one person out of hundred is able to judge a fact, in case it is not obvious, and even this one, who is able to judge, possesses only comparative abilities for the matter (Mill, p.2). Existing opinions of those, who are relatively able to think, are influenced by historic development of people’s understanding. Mill notes the following contradiction: humans aim to think rationally, but the rationality of their affairs and conduct remains in desperate conditions. Therefore, human acts and opinions need to be corrected, taking into account experience, and being proved by discussion. Experience alone may appear to be vague, due to false application in previous cases. Therefore, discussion becomes a tool for investigation of experience and reduction of probability of misuse (Mill, p.3). Another function of discussion is providing broader approach to a particular problem. Under Mill, even the wisest person can never obtain complete understanding of the subject, without hearing opinions of the others, and examining a variety of ideas about the matter. A feature of a wise man is an ability and readiness to take even contradictory points of view into account, in spite of avoiding them (Mill, p.5). Mill believed, that his society restricted necessary discussion, because people were not really sure about their beliefs and fearful to loose them, because loosing them means a necessity to change. And in order to avoid changes, society oppresses opinions by authority,   by refusal to hear, or by condemnation. The way out for Mill was mental well-being and education of humanity, combined with freedom of expressing opinions. An opinion should not only be proposed, but suffered by an individual, and this makes a particular opinion his own (Mill, p. 6).