How to Conjugate Commencer (to Begin, Commence)

The Career of Engineering Essay - 1652 Words

The Career of Engineering Take a look around yourself. What do you see? Maybe books, chairs, a television, or even your clothes. All the day to day things that are man-made, you can be sure that an engineer helped make it. Engineers have shaped our world as we know it. There are many different kinds of engineers from chemical, mechanical, textile, civil, agricultural and structural engineers. Our civilization would be as advanced as the Stone Age without these people. This career demands a wide education of math and science. It is an ever-changing career with new advances in materials and the way products are produced. Engineering careers are very secure with respect to compensation. Regardless of this, it does have it’s disadvantages†¦show more content†¦(Britannica 243) Another disadvantage of being an engineer is the actual status of being one. It is not looked upon as highly as other fields such as doctors and lawyers. Most of the time they are looked upon as nerds. In addition, most engin eers are not promoted to high level positions such as presidents or top executives. They do not have the accounting or business education to do that particular job. This means that most engineers never get the opportunity to be their own boss. (Basta 22) The job of an engineer itself is a creative job. The actual definition of an engineer is â€Å"The profession in which a knowledge of the mathematical and natural sciences gained by study, experience and practice is applied with judgment to develop ways to utilize the materials and forces of nature economically for the benefit of mankind.† (Bastas 24) In having the basic skills and experiences in math and science, an engineer is basically an inventor. They are given a problem and are depended on to come up with a solution. Whether it be a new chemical, a mechanical part, or even a whole new system such as computer operating program, engineers are the problem solvers of our materialistic society. (Basta 45) Many engineers work in laboratories, industrial plants, or construction sites where they inspect, supervise, or solve onsite problems. (Britannica 244) Engineering itself has a sort of chain of command in the way a project is handled. It follows in theShow MoreRelatedA Career as a Mahtematical Engineering1535 Words   |  6 Pagesmanufacture never-before-seen devices to solve new challenges presented by innovation. The schooling for mechanical engineering is mainly focused on science and math principles. The University of Texas at Austin offers a great program to train mechanical engineers in the tools, technology, skills, and duties of their profession. The University of Texas (UT) has the tenth ranked engineering school in the nation. To get automatic acceptance into UT, a person needs to be ranked in the top eight to ten percentRead MorePurpose For A Career In Engineering1025 Words   |  5 Pagespursue higher education in engineering. 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Kronberg, Electrical Engineer) For most of us, I would like to say this is also our goal in being engineers. The National Academy of Engineering says, â€Å"Engineering has been defined in many ways. It is often referred to as the ‘application of science’ because engineers take abstract ideas and build tangible products from them.† (Stephan 2)Read MoreEssay about Career Profile: Engineering1308 Words   |  6 Pagesto build devices and mechanical systems to improve the lives of people. A career in the department of engineering consists of practicing the scientific principles in order to meet social and consumer needs. Engineers develop efficient solutions to technical problems. There exist different branches that stem out and create detailed tasks for each component of engineering. The reason for choosing a specific career in engineering, su ch as chemical, electrical, civil, or mechanical is to have a lucrativeRead MoreMy Career Goals For The Field Of Engineering1564 Words   |  7 PagesE2/MITES/MOSTEC ESSAYS 1) What are your career goals? How might E2/MITES/MOSTEC help you attain these goals? I currently have several skills in many aspects in the field of engineering. Most of these skills are in the area of computer science with languages such as Java, C#, HTML, and JavaScript. Throughout my current exposure, I have learned engineering has several different possibilities in terms of choosing a major to focus in, and a career to pursue but have never completely experienced how eachRead MoreOverview of Biomedical Engineering as a Career Path1805 Words   |  8 Pageslife.† (Confucius) According to the Whitaker Foundation, biomedical engineering has existed for centuries, perhaps even thousands of years. â€Å"In 1816, modesty prevented French physician Rene Laennec from placing his ear next to a young woman’s bare chest, so he rolled up a newspaper and listened through it, triggering the idea for his invention that led to today’s ubiquitous stethoscope.†(The Whitaker Foundation). â€Å"Biomedical engineering achievements range from early devices , such as crutches, platform

Academic Theory and Concepts on the Specific Environment Sample

Question: Define and describe Academic Theory and Concepts on the Specific Environment Relevant to all Organisations. Answer: The specific environment comprises of the external and internal factors surrounding the business. An organization offers a platform for people to work together and achieve uniform goals by application of division of labor concept (Stephen Robbins 2013). Academic theories concept explain the impact of different factors on organizations. This report will give an analysis of the various theories and concepts that impact on the organizations specific environments, using Samsung as the organization of the study. According to (Dzimbiri 2009), there are classical organizational theories which have combined concepts from theorists who try to explain the different concepts underlying the business environments (Rudani 2013). It combines the concepts of Scientific Management Approach by Fredrick Taylor, which states that performance is influenced by existing relationships between employees and management. Webbers bureaucracy theory which reflects on the personal attitudes of the people within the organization, according to this concept employees negative attitudes negatively impacts on organizational performance since they hinder proper implementation of corporate systems, bureaucracy provides for authority, the division of labor and process efficiency. Administrative theory of Henry Fayol bases its arguments on many management principles; he explains management to be as a result of planning, organizing, commanding, and coordination (PARDEEP SAHNI 2009). Additionally, there are modern theories which combine the concepts of system theory. They view an organization as a system of interconnected components that should perform uniformly, the social, technical theory which suggests that organizations are made up of interconnected social elements and the contingency theory that explains the relationship between organizational systems and its environment (David Crowther 2004). Competition for a company to be competitive, its important to carry out an analysis and establish who the competitors are. Its not possible for any business to ignore this. Samsung strongest competitor is Apple in the phone manufacturing market, Apple dominates the market share of Smart phones in the US and is second largest market share in the world after Samsung. To overcome the challenge of competition Samsung should identify its size and market share in the industry. Other competitors include Huawei, Vivo, Lenovo (beats Samsung in laptops market share), among others (Dzimbiri 2009). Samsung had a decline in the profits generated in the year 2016, but on the contrary, its competitor (Apple) recorded a rise in profits the same year. This directly shows that Apples competition is posing a notable impact on the companys performance (Stephen Robbins 2013). The poor performance of Samsung last year is linked to stiff competition amidst weak global economic conditions. Samsung anticipates achieving solid growths in earnings in the year 2017, to improve its performances the company looks at increasing the earnings by increasing its business units focus on software and clearly differentiate itself from the competitors in this competitive market. (Rudani 2013). In conclusion, its important for any organization to focus on its internal and external as both of the directly or indirectly impacts on its performance (Stephen Robbins 2013). Organizations are encouraged to lay enough focus on their competitors since no matter the quality of products competition will always arise; the organization should try and establish a sustainable competitive advantage against its competitors to enable them to have the largest market share. References David Crowther, Miriam Green. Organizational Theory. Illustrated, reprint. Wimbledon, London,: CIPD Publishing, 2004. Dzimbiri, Lewis B. Organisation and Management Theories: an African Focus: Integrating Structure, People, Processes and the Environment for Human Happiness. Gttingen: Cuvillier Verlag, 2009. PARDEEP SAHNI, ETAKULA VAYUNANDAN. ADMINISTRATIVE THEORY. New Delhi: PHI Learning Pvt. Ltd, 2009. Rudani, Ramesh B. Principles of Management. New York: Tata McGraw-Hill Education, 2013. Stephen Robbins, David De Cenzo, Mary Coulter, Megan Woods. Management: the Essentials. London,: Pearson Higher Education AU, , 2013. Zilwa, Deanna de. Academic Units in a Complex, Changing World: Adaptation and Resistance. illustrated. Berlin: Springer Science Business Media, 2010.

Impact of Fluctuating Rate Global Business

Question: Discuss about the Impact of Fluctuating Rate for Global Business. Answer: Introduction Due to the impact of globalization the business has no boundary, it crosses across the border. Moreover, as different countries have their own currencies their and own valuations thus, money exchange across the border play important role in international business (Grimwade, 2000). However, the exchange rates among different currencies do not remain same all the time but it varies time to time by several factors. The fluctuation of different currencies impact on the international business deals and thus, it has been taken as prospective research topic for this research proposal. Background of research The initiation of the international trade had been occurred from ancient age, and then barter method was the process of exchanging goods among the traders. Afterwards, in order to facilitate the business use of currencies begun. However, because of different various factor the exchange rate has been fluctuated in constant basis (International Crude Oil Trade, Year 2013, 2015). The economic performance of country, overall financial and business performance of the country, interest rate parity, inflation rate, and employment rate play significant role in the fluctuation of the currency price in foreign exchange market (Rosenberg, 2003). The fluctuation of FX Rate has significant impact on the business communities, specifically the companies playing in the international market means the exporters and the importers are mainly affected by the FX Rate fluctuations (International Refined Products Trade, Year 2014, 2015). The particular research is on the FX Rate fluctuation and its impact o n the domestic businesses, which plays globally. Problem statement In case of the FX Rate swing in favour of the domestic currency then the rate of the domestic currency will be hiked, and then the exporters have to face severe loss because they got payment in foreign currency but they have to invest domestic currency in order to produce the product materials (Weithers, 2006). Therefore, good performances of the domestic currency fetch losses to the exporters, whereas the importers are benefitted by the good performance of the domestic currency as they have to pay in foreign currencies. On the other hand, in case of domestic currency provides bad performances then the exporters are benefitted and the importers have to face monetary losses. Research aim and objectives The research aim to detect the risks for the business occurs due to the volatility of FX rate. The objectives of the research are; To detect the impact of FX rate on international business. To understand the factors, which are liable for the fluctuation of FX Rate To find out effective remedies so that the impact of currency fluctuations can be minimized. Research questions Q1: Is there any major impact of volatile nature of FX Market on the international market? Q2: What are the key factors of the volatility in the FX market? Q3. How the impact of the volatile FX Market on global organization can be restrained? Hypothesis Hypothesis of the research are as follows: H0: Volatile FX market has direct impact on the business organizations; specially, the organization doing business internationally. H1: Volatile FX market has not any direct impact on the business organizations Literature review The FX rate is prone to be volatile as there are different factors, which influence rate of foreign exchange. Difference in interest rate, difference in inflation, Current account scarcities, Public debt, term for trading along with the political stability and economic performance of the domestic country are the significant variables of FX market (Wystup, 2006). Because of the different variables the performances of the domestic currency in international market use to fluctuate (Ree, Yoon, Park, 2015). Moreover, the fluctuations of the domestic currency in the international market greatly influence the business of the business organization, especially, the organization, which has exposure in the international market. The profitability of the organization hugely varied because of the FX Rate fluctuations. Even for the FX rate fluctuation the organizations have to face severe monetary losses (Ree, Yoon, Park, 2012). The global players more specifically the firm involve in export or i mport business are mainly affected by the FX Rate fluctuations. Variable The key variables that influence the FX rate are, difference interest rate, inflation, interest rate parity, political stability economic performance of domestic nation etc (Grieb, 2013). Operational definitions and measurement The companies doing business internationally must keep an eye on the FX market as the volatility in FX market can impact on the profitability of the business of these organizations (Reiswich Uwe, 2012). Good performances of the domestic currency fetch losses to the exporters, whereas the importers are benefitted by the good performance of the domestic currency (Kliatskova Mikkelsen, 2015). On the other hand, in case of domestic currency provides bad performances then the exporters are benefitted and the importers have to face monetary losses. Research methodology The quantitative research methodology has been applied for the research so that a widespread understanding can be achieved about FX market volatility (Ong Barkbu, 2010). Research process The secondary research help in acquiring the basic ideas and the primary data help in accomplishing the research aim and objectives. Research design Descriptive design has been applied for the research for acquiring deep detail knowledge on the research topic. Data collection tools A survey technique has been applied for collecting the essential data for the research. Data analysis For effective analysis of the data statistical tools, various charts and tables have been used. Dependent and independent variables Dependent variables are the variables than an individual wish to predict, estimate and what is affected when executing the experiment and things that is affected in the experiment. Independent Variable Independent variable is the variable that can be changed and one can control the variables (Rebonato Rebonato, 2004). Conclusion As per the findings of the research process, the conclusion has been made, from the conclusion the necessary understanding about the approval of the hypothesis has been made and the recommendations are also made by the conclusion (Ree, Yoon, Park, 2015). References Grieb, T. (2013). Does FX Volatility Affect the Distributions of Commodity Futures Returns?.International Journal of Financial Research, 4(4). Grimwade, N. (2000).International trade. London: Routledge. International Crude Oil Trade, Year 2013. (2015).World Oil Trade, 37(1), pp.33-42. International Refined Products Trade, Year 2014. (2015).World Oil Trade, 37(1), pp.63-72. Kliatskova, T. and Mikkelsen, U. (2015).Floating with a Load of FX Debt?. [Washington, D.C]: International Monetary Fund, European Department. Ong, L. and Barkbu, B. (2010).FX Swaps. Washington: International Monetary Fund. Rebonato, R. and Rebonato, R. (2004).Volatility and correlation. Chichester, West Sussex, England: J. Wiley. Ree, J., Yoon, K. and Park, H. (2012). FX Funding Risks and Exchange Rate VolatilityKoreas Case.IMF Working Papers, 12(268), p.1. Ree, J., Yoon, K. and Park, H. (2015). FX funding risks and exchange rate volatility.Emerging Markets Review, 25, pp.163-175. Reiswich, D. and Uwe, W. (2012). FX Volatility Smile Construction.Wilmott, 2012(60), pp.58-69. Rosenberg, M. (2003).Exchange-rate determination. New York: McGraw-Hill. Weithers, T. (2006).Foreign exchange. Hoboken, N.J.: John Wiley Sons. Wystup, U. (2006).FX options and structured products. Chichester, England: Wiley.