Aspects of contracts Assignment Example | Topics and Well Written Essays - 1500 words

Aspects of contracts - Assignment Example 34). Offer is very important in contracts because it shows the willingness of parties to enter into an agreement. When a business entity offers its promise under certain conditions, the other party must accept the conditions and in turn give an offer in order to form a contract. Offers are very crucial because they create an avenue for contracting parties to enter into a legal relationship leading to acceptance (Emerson 2009, p. 34). Acceptance is another important element of a contract that makes parties agrees to the terms of the offer. When a business gives an offer to the suppliers through an advertisement, it shows that, the business accepts the contract (Emerson 2009, p. 35). If the suppliers do not accept the offer despite the favourable conditions associated with it, the contract is deemed invalid. Legal laws guiding acceptance of the granted offer requires that there should be proper communication so as to satisfy the both parties. In contracts, each party will feel considered if it gets something in return after giving its promise. Consideration is an important element of contracts because the contracting parties receive promises, which makes them feel represented in any agreement. Consideration for a promise makes legally binding contracts rather than gratuitous contracts that cannot be protected by the courts (Emerson 2009, p. 36). Contracting parties ought to be adults in order to form valid contracts. In addition, the parties should compose of people with full mental capabilities such that they are not mad (Emerson 2009, p. 36). Agreements between companies are considered certain when they are apparent to the basic terms of a contract. If the contracting parties are unaware of the legal requirements of contracts, they are likely to form invalid contracts, which are not easily enforceable (Emerson 2009, p. 37). Sales

Global Branding Strategies Research Paper Example | Topics and Well Written Essays - 2000 words

Global Branding Strategies - Research Paper Example As the paper outlines, the world is becoming increasingly global. Companies are not just focusing on local markets in their service and product provision. They are now looking for new and more promising markets outside their borders and also need to incorporate market forces coming from their global competitors. The corporate world is now characterized by a fast flow of products internationally, an advertisement is also done across borders and there is a need to ensure that marketing strategies reflect these changes. (Kapfer, 1997)  Brands are a fundamental part of any company's key strategy. This is because brands give firms an identity. Keller (1998) asserts that brands help to strengthen their customer base and also to take away power from retailers alone. Aaker and Keller (1990) go on to add that a brand helps to solidify ones position in any market. However, there are some key questions that arise when dealing with the issue. Firms need to ask themselves whether they would lik e to maintain the same brand name in different countries and locations. Firms who choose to do this could justify their actions by claiming that this allows them to maintain their identity throughout. On the other hand, some firms may decide to take up different brands within the different countries that they will choose to operate. Such firms may believe that brand names need to reflect demand and the needs of a particular country. These questions need to be addressed so as to ensure that a given company take advantage of all the opportunities available in the international market. Some companies may have made quite a name for themselves in the domestic markets. Their products may have such a unique place in their product markets such that they have considerable influence there. It would, therefore, be advisable to maintain the same brand for such companies when venturing into global markets. Caller (1996) asserts that this will go a long way in ensuring that such companies are abl e to leverage their power in the domestic market to international markets. A good example of such a company is Coca Cola. It started with a very strong image in its domestic market and decided to maintain its name throughout its market.  Another aspect that could make certain companies stick to the same brand name is the integration of regional markets. For example in Europe, there are numerous countries that are now operating under the same currency and targeting each other. Consequently, it would be advisable to create brand names that can accommodate numerous countries all at once. The European Union has changed the traditional approach of locally-centered products. There is a need to incorporate brands for the EU markets. (Featherstone, 1990)  Some companies may be dealing with certain products that have relatively equal levels of demand in the target markets they are dealing with. A good example of such a company is Shell. The Company deals with various petroleum products. These are items that are in high demand in different parts of the world.  

The Effects of Government Intervention Essay Example for Free

The Effects of Government Intervention Essay What is the government? What is the role of the government? How does the government influence the economy? What can we say about the effects of the government influence in Romania? These are some of the questions that we  will try to answer during our case of study. We are citizens of a society, and our society is based on proper rules enacted and enforced by the high powers of our states. We need to act responsibly and inform ourselves, as much as we can, regarding this problem. The people from the government, how did they get there? How is the government organized? How are they elected? By which criteria are these people elected? What are their attributes and what are their initiatives? We must know if they directly influence our lives, our economy! Taxes, import and export restrictions, tariffs, wholesale interest rates are only a part of the government’s duties to be established. Is the government’s money, in fact our money? And if they are our money, how do they spend it, on what, and why? These are some things that must concern us. And now, we should focus on our country, Romania, and, of course, on ourselves. Even though Romania is a country of considerable potential in most of the fields, its economy is very fragile. Our economy is strong related to the European economy, and some of these connections between our economy and the international economy are made by the government. Most of the people tend to blemish the president, the government, the parliament etc. for the fragility of our economy, and to us it might seem not to work, but we have to bear in mind that this is the effect of the whole nation’s actions and of the world’s as well. In the pages that follow we presented subjectively and objectively our ideas concerning the effects of the government’s influence on Romania’s economy, starting with explaining that is the government and which is the government’s role in the economy. The Government Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized. Government is the means by  which state policy is enforced, as well as the mechanism for determining the policy of the state. A form of government, or form of state governance, refers to the set of political institutions by which a government of a state is organized. Synonyms include regime type and system of government. The word government is derived from the Latin verb gubernare, an infinitive meaning to govern or to manage. The Government is the public authority of executive power that functions on the basis of the vote of confidence granted by Parliament, ensures the achievement of the countrys domestic and foreign policy and that exercises the general leadership of public administration. The Government is appointed by the President of Romania on the basis of the vote of confidence granted to the Government by Parliament. Objectives The Government has the role of ensuring balanced functioning and development of national economic and social system, and its connection to the world economic system while promoting national interests. The Government is organized and operates in accordance with constitutional provisions, on the basis of the Government program approved by Parliament. Organization The Government consists of Prime Minister and Ministers. Prime Minister leads the Government and coordinates the activities of its members, in compliance with their legal duties. The working apparatus of the Government is composed of the working apparatus of the Prime Minister, Secretariat General of the Government, departments and other similar organizational structures with specific tasks set by Government Decision. Legislative process The Government adopts decisions and ordinances. Decisions are issued for law enforcement organization. Ordinances are issued under a special enabling law, within the limits and conditions specified by it. The decisions and ordinances adopted by the Government are signed by Prime Minister, countersigned by the Ministers who are duty bound to implement them and are published in the Official Gazette. The non publication entails the absence of a decision or ordinance. Decisions with military character shall be conveyed only to the institutions concerned. Legislative initiatives The following public authorities have the right to initiate draft public policy documents and draft legislative acts for adoption / approval by the Government, according to their tasks and activity field: Ministries and other specialized bodies of central public administration, subordinated to the Government, and autonomous administrative authorities; specialized bodies of central public administration subordinated or coordinated by Ministries, by the Ministries under whose subordination or coordination they are; Prefects, county councils, the General Council of Bucharest, according to the law, through the Ministry of Interior and Administrative Reform. Governments Role in the Economy While consumers and producers make most decisions that mold the economy, government activities have a powerful effect on the Romanian economy in at least five areas. Stabilization and Growth. Perhaps most importantly, the federal government guides the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. By adjusting spending and tax rates (fiscal policy) or managing the money supply and controlling the use of credit (monetary policy), it can slow down or speed up the economys rate of growth in the process, affecting the level of prices and employment. The government could affect the economy in multiple ways, but the most common changes that can be made to influence the economy are: (1) Taxes; (2) Import Restrictions; (3) Wholesale Interest Rates; and (4) Government Speeding. TAXES Taxation understandably affects the economy by redistributing money from consumers and producers to the government coffers. The higher the tax, the less people have to spend, the less aggregate demand [total demand] there is in the economy. IMPORT RESTRICTIONS When a country uses protectionism to shield domestic producers from their own inefficiency and inability to compete with foreign firms, they may enact quotas or tariffs. A quota is when there is a maximum amount of a good that can be imported into the country, where imports that exceed the limit have either the responsible parties prosecuted for breaking the law or the goods being turned away. Tariffs are when the price of imports is artificially inflated with a tax, in order to make them less attractive to consumers that are price sensitive. The higher the quotas and tariffs, the higher the prices of those penalised goods in the economy, which in turn will negatively affect aggregate demand. WHOLESALE INTEREST RATES Wholesale interest rates are the rates at which the central bank loans out money to retail banks, which in turn loan out their money to consumers and producers at a higher rate (the difference, in a very basic sense, is their profit margin, or revenue minus costs). If the wholesale interest rates are increased, then retail banks must also increase their rates, otherwise their business would become less profitable (or unprofitable). For large purchases, producers (e.g. investments) and consumers (e.g. buying a home) need loans, since they do not have sufficient cash on-hand. Interest rates are effectively the price of borrowing money and hence affects the Consumption and Investment components of GDP (Consumption + Investment + Govt. Spending + Net Exports). (A small caveat, however, that central banks are created by legislation but are not run by government their actions are independent of politicians agendas.) GOVERNMENT SPENDING Government Speeding (revenues taken from taxes, mentioned above) creates what is known as the Spending Multiplier. When the government consumes, called Government Spending, it is demanding goods and services in the economy. However, that demand in turn generates more demand than a single consume, because of not only the size of the demand (the government has a lot more money than you do) but also the type of demand (e.g. building infrastructure benefits everybody, as opposed to building a private mansion); government spending affects aggregate demand. The spending  multiplier, or how much additional demand is generated from each dollar of government spending, is calculated as follows: Change in Equilibrium divided by Change in Investment. Case Study – Romania Romania is a country of considerable potential: rich agricultural lands, diverse energy sources (coal, oil, natural gas, hydro, and nuclear), a substantial industrial base encompassing almost the full range of manufacturing activities, an educated work force, and opportunities for expanded development in tourism on the Black Sea and in the Carpathian Mountains. The Romanian Government borrowed heavily from the West in the 1970s to build a substantial state-owned industrial base. Following the 1979 oil price shock and a debt rescheduling in 1981, Ceausescu decreed that Romania would no longer be subject to foreign creditors. By the end of 1989, Romania had paid off a foreign debt of about $10.5 billion through an unprecedented effort that wreaked havoc on the economy and living standards. Vital imports were slashed and food and fuel strictly rationed, while the government exported everything it could to earn hard currency. With investment slashed, Romanias infrastructure fell behind its historically poorer Balkan neighbours. Since the fall of the Ceausescu regime in 1989, successive governments sought to build a Western-style market economy. The pace of restructuring was slow, but by 1994 the legal basis for a market economy was largely in place. After the 1996 elections, the coalition government attempted to eliminate consumer subsidies, float prices, liberalize exchange rates, and put in place a tight monetary policy. The Parliament enacted laws permitting foreign entities incorporated in Romania to purchase land. Foreign capital investment in Romania had been increasing rapidly until 2008, although it remained less in per capita terms than in some other countries of East and Central Europe. Romania was the largest U.S. trading partner in Eastern Europe until Ceausescus 1988 renunciation of most favoured nation (MFN, or non-discriminatory) trading status resulted in high U.S. tariffs on Romanian products. Congress approved restoration of MFN status effective November 8, 1993, as part of a new bilateral trade agreement. Tariffs on most Romanian products dropped to zero in February 1994, with the inclusion of Romania in the Generalized System of Preferences (GSP). Major Romanian exports to the U.S. include shoes, clothing, steel, and chemicals. Romania signed an Association Agreement with the European Union (EU) in 1992 and a free trade agreement with the European Free Trade Association (EFTA) in 1993, codifying Romanias access to European markets and creating the basic framework for further economic integration. At its Helsinki Summit in December 1999, the European Union invited Romania to formally begin accession negotiations. In December 2004, the European Commission concluded pre-accession negotiations with Romania. In April 2005, the EU signed an accession treaty with Romania and its neighbour, Bulgaria, and in January 2007, they were both welcomed as new EU members. Romania suffered through a deep economic recession beginning with the 2008 global financial crisis, but should return to positive if very modest growth by the end of 2011. Due to rapidly deteriorating economic conditions, a ballooning budget deficit, and large external imbalances, the Romanian Government was forced to conclude a 2-year, $27 billion financial assistance package with the International Monetary Fund (IMF), the European Commission, and the World Bank in March 2009. Under the terms agreed with the IMF, the Romanian Government embarked on a difficult austerity program to reduce the budget deficit, cut public sector employment, and restructure local and national government agencies. Austerity measures included a 25% cut in public sector wages, a hike in the national value added tax (VAT) rate from 19% to 24%, and thousands of layoffs. GDP declined by 7.1% in 2009 and a further 1.3% in 2010, but the government succeeded in meeting IMF-agreed deficit targets despite strong op position to the austerity measures from labour unions. In late 2010 and early 2011 the government also pushed several important pieces of reform legislation through Parliament, including  pension reforms, an overhaul of public sector pay systems, and modernization of the labour code. The final IMF review under the 2009 agreement, conducted in February 2011, declared the agreement a â€Å"success† in stabilizing the economy and setting the stage for a return to growth. A new 2-year â€Å"precautionary† agreement between Romania and the IMF, effective March 2011, focuses on deepening structural reforms and restructuring or privatizing unprofitable state-owned enterprises. Privatization of industry was first pursued with the transfer in 1992 of 30% of the shares of some 6,000 state-owned enterprises to five private ownership funds, in which each adult citizen received certificates of ownership. The remaining 70% ownership of the enterprises was transferred to a state ownership fund. With the assistance of the World Bank, European Union, and IMF, Romania succeeded in privatizing most industrial state-owned enterprises, including some large state-owned energy companies. Romania completed the privatization of the largest commercial bank (BCR) in 2006. Two state-owned banks remain in Romania, Eximbank and the National Savings Bank (CEC), after an attempt to privatize CEC Bank was indefinitely postponed in 2006. Four of the countrys eight regional electricity distributors have now been privatized. Privatization of natural gas distribution companies also progressed with the sale of Romanias two regional gas distributors, Distrigaz Nord (to E.ON Ruhrgas of Germany) and Distrigaz Sud (to Gaz de France). Further progress in energy sector privatization has been delayed as the government is contemplating the creation of two integrated, state-owned energy producers. However, this â€Å"bundling† scheme has been challenged in court and is also under review by the Romanian Competition Council and by competition authorities at the European Commission. Romania has a nuclear power plant at Cernavoda, with one nuclear reactor in operation since 1996 and a second one commissioned in the fall of 2007. The return of collectivized farmland to its cultivators, one of the first initiatives of the post-December 1989 revolution government, resulted in a short-term decrease in agricultural production. Some four million small parcels representing 80% of the arable surface were returned to original  owners or their heirs. Many of the recipients were elderly or city dwellers, and the slow progress of granting formal land titles remains an obstacle to leasing or selling land to active farmers. Financial and technical assistance continues to flow from the U.S., European Union, other industrial nations, and international financial institutions facilitating Romanias reintegration into the world economy. The IMF, World Bank, European Bank for Reconstruction and Development (EBRD), and European Investment Bank (EIB) all have programs and resident representatives in Romania. U.S. Agency for International Development (USAID) programs were phased out completely in 2008, except for Small Project Assistance Grants, which are still available through the Peace Corps. According to the National Office of the Trade Register, which measures foreign direct capital registered and disbursed to firms, between 1990 and November 2010 Romania attracted a total of $37.91 billion in foreign direct investment, of which the U.S. represented 2.59%. The actual level of U.S. investment, however, is underreported as much of it flows to Romania through European subsidiaries of U.S. companies. After years of consistently high inflation in the 1990s, Romanias inflation rate steadily decreased through 2004, only to rise again along with high GDP growth rates of 4% to 8% through 2008. The deep recession beginning in late 2008 dramatically reduced inflationary pressures, but the VAT tax hike from 19% to 24% imposed in mid-2010 reversed that trend and pushed prices higher. Stoked also by rising global food and energy prices, inflation hit an annualized rate of 8% at the end of 2010, the highest in the EU. The IMF has been critical of Romanias low rate of tax collection and poor enforcement mechanisms as a medium- to long-term impediment to growth. Tax arrears are slightly decreasing, but Romania still has one of the lowest percentages in the EU of revenues collected, at 33% of GDP in 2010. The current account deficit had been a concern, as it reached 13.6% of GDP in 2007 and 12.4% of GDP in 2008. However, due to the recession, the current account deficit dropped to 4.2% of GDP in 2010. Deteriorating education and health services and aging and inadequate physical infrastructure continue to be seen as threats to future growth. Sometimes a picture is worth a thousand words Conclusion As a conclusion we can say that government’s intervention in the economy can have both a positive and a negative influence on the market. Government intervention does not always end up the way it was intended or the way in which economist’s theories say it would. A fascinating part in the study of Economics is that the law of unintended consequences often comes into play – events can affect a particular policy, and consumers and businesses rarely behave precisely in the way in which the government might want! We will consider this in more detail when we consider government failure. One important thing to remember is that the effects of different forms of government intervention in markets are never neutral thus financial support given by the government to one set of producers rather than another will always create winners and losers. Taxing one product more than another will similarly have different effects on different groups of consumers. A concret example of too much government intervention is the following. Let’s assume that in a time of recession, a government makes and agreement with the banks to lower interest rates and people will start buying houses and other goods on loan. As time goes by, government debt also rises and thus they will be obliged to print out their own money. Printing their own money has a negative impact on the inflation rate and money value will go down. Also, after the recession, the interest rates will go up again and people will end up losing their previously bought goods. Nevertheless in most cases, the government’s intervention proved to be efficient and actually helped the market economy. It all depends on the people that take the decisions and they need to take into consideration any factors that can influence the result of their decision. The European Union provides me the best opportunity to connect with people Europe and to develop my ability of communication. I think is very important to get in touch with different people from different cultures and different countries.

Mcdonalds Human Resource Management (HRM)

Mcdonalds Human Resource Management (HRM) In this report it has been analyzed and found out the kind of Human Resource management theories and techniques are in reality implemented or practiced by the McDonalds Human Resource Management. The field study it has done entails by visiting the HR office of the McDonalds located at the Notting Hill Gate, London. Throughout the visit it has been observed the all practices. It has been also observed the working culture and the motivating factors at the McDonalds and also the team work. Due to grading the Recruitment, Training, Business strategies and the Performance management. After analyzing the books and the website of McDonalds it is able to explain the theories of the Human Resource Management and also the some of the corporate values of the McDonalds. In the course of the study and the research It have found that the McDonalds process of recruiting the worker and staff and how they provide training to their employees. The success of the McDonalds is because of the employees an d the different market strategies so this assignment is to understand the HR Strategies of the McDonalds. The purpose of this study is to know the recruitment and selection process in detail and also about the training programme at McDonalds for their employees to achieve the objectives of the company. Here we also going to discuss the Business strategies used by the McDonalds to hold the better position in the market and the strategies used by McDonald have to respond the new competition in the market. The performance management system of McDonalds also contributes its efforts in achieving the aims; it contains the strategies to motivate the employees. COMPANY PROFILE McDonalds originated in California, USA, 1954. McDonalds Corporation along with its affiliates operates as a food service retailer worldwide. The franchises of the McDonalds operate the McDonalds restaurants that offer a variety of food items, soft drink, coffee, and other food and beverages. According to a survey it shows that as of December 31, 2009 the company runs or operates 32,480 restaurants in 117 countries and out of them 26,215 were operated by the franchisees and 6,265 were operated by the company. McDonalds corporation franchises and operates its restaurants in the food service industry. McDonalds supply the products to most of the McDonalds restaurants where McDonalds independently owned and operates distribution centres, which is approved by the company. Where the employee and personnel of restaurants are trained very well in the storage, preparation and handling of products and in the delivering the good customer services. In February 2009 the company sold its interest in REDBOX AUTOMATED RETAIL, LLC The franchises of McDonalds operates McDonalds restaurant in the food and service industry. These restaurants variety and yet limited value priced menu in more than 117 countries globally. Most of the restaurants are operated by the company or by the franchisees, under the franchise agreement franchisees are included and under license agreements foreign-affiliated markets and developmental licenses are included. Human Resources Strategies of McDonalds Recruitment As we know that McDonalds is the biggest family restaurants business in the world. To provide the best family restaurants experience by far is McDonalds vision. To achieve this we put people at the centre of everything we do and that goes for our employee as much as our customer. People perform well when they feel better in their job and McDonalds has recognised it so McDonalds go all out to create the right and good working environment for everyone. Thats a lot of people to consider which is why McDonalds strive to provide variety of rewards and benefits that suits all kind of lifestyles. McDonalds is successful in achieving the best working experience for their people; they aim to provide customer the restaurants experience. Employees working in the McDonalds they not only become the part of one of the largest global brands but also a constantly developing organisation that offers an environment of flexibility, equality, diversity and opportunity. Reflective of the society and communities in which McDonalds operate. In UK McDonalds offers a probably most diverse work in culture. The people come from all walks of life to McDonalds and they share a common approach i.e. a positive one. HIRE THE SMILE is the policy of the McDonalds when they hire the crew membe rs and this help to nurture a work force of employee with a positive approach and outlook, in return we earn cheerful and friendly atmosphere. McDonalds thinks that its not only just about hiring happy and cheerful people its about keep them smiling by doing everything. McDonalds offers rewards and benefits that fit in with their lifestyle, which so ever it may be whether they are a part-time employees working to fund their school and college education or Trainee Business Manager straight out of university. Recruitment and Selection at McDonalds Recruiting suitable applicants: Which ever post it may be whether employee wants to join as a crew member or a Trainee Business Manager, McDonalds always provide exceptional support, real progression opportunities, a range of excellent rewards and all potential associated with working for the McDonalds a worlds famous global brand. Crew Members The McDonalds has designed a three-step application process for potential crew member to make sure that they are right for everyone. The first phase of the application is an online; people go through an online process which contains some questions. If the candidate is successful in the first phase they send the invitation to the candidate for an interview with HR officer after that they send the successful candidate for (OJE) On Job Evaluation and for interview at the restaurants with manager. The On Job Evaluation is for serves two purpose one is that it helps an d gives the good opportunity to assess the candidates skill in customer services against what is needed to be a successful member of the McDonalds team and also allow the candidates to see that if McDonalds high energy environment suits their preferred style of working. This OJE process takes about 15 minutes and the candidate works at one of the customer facing areas and full instruction is given to candidate on what to do . In addition the candidates have and interview with the business manager and the whole process will take about 30 minutes for assessing the candidates. Crew Benefits: McDonalds provide 28 days paid holidays per annum. After three year service they provide free private health care. Stake holder pension scheme. Bonuses related to Restaurants performances. Provides vouchers of Argos, Thomas Cook, Debenhams, Marks Spencer and House of Fraser awarded at service milestones Annual pay reviews Great discounts, about  £13 at Alton Towers and at Thorpe Park Its about  £12 Saving of 50 per cent at LEGOLAND 10 per cent off at dress-for.com  £63 saving on special BSM learner starter pack 25% off many short breaks and holidays 65 per cent off in universal cycles. Welcome Meeting After completing all the application process and the candidates are selected and crew member have been hired they are called to attend the Welcome meeting at their chosen restaurants or a recruitment centre. In this meeting the inform and engage new starter for the one hour in this meeting. The meeting involves viewing a DVD which provides important information about the McDonalds and also allows for interaction between manger and the new starter. The second part is orientation which is compulsory its an online process which provides information regarding the Health n Safety test that the new starter has to complete in their own time. The beginning of the orientation starts with the tour of the store highlighting key health and safety and food safety procedures. And it is also recommended that it should be last for the first two ours of the shift. Trainee Business Manager A trainee business manager participates in an award-winning management training scheme and the business trainee manger is required to show strong leadership quality. It is not a small feet to a win a place on McDonalds management development programme. Its not a short term commitment but rather it represents a long- term career decision. McDonalds want make sure that the candidate and McDonalds are right for each other, therefore the candidates has to go through the four steps of selection process. The first step it is all about the screening process which ensures that candidates meet the basic criteria. The successful candidates are asked to complete the next step which contains the personality questionnaire the candidate has to complete it online. This will make sure that the candidate has the desired attributes and their preferred style of working suites. After that the next step is based on restaurants OJE or On Job Evaluation. The candidate will do real job for a day and learn what its really working in a McDonalds restaurants. After completing OJE process the final step is selection process i.e. an interview with the senior manager. First o f all the Trainee Business Manager has to complete an intensive 18 week Management Development programme. This programme will give the candidate thorough training in the business of McDonalds and also train the candidate regarding the commercial skill that are needed to bloom and develop into an effective assistant manager. Later an assistant manager can progress to become business manager or an operating consultant i.e. area manager depending on their desire to achieve. Benefits The candidates are provided with a package of professional rewards which includes a starting salary of up to  £21500 including London weighting. There is also potential of quarterly bonus within the week of joining. The candidate could be running their own restaurants under the three year and also earning a salary and package of  £45000. The successful candidates can expect additionally Holiday of 5 week per annum and it can be raised to 6 week from April 2009 Annual performance in relation of pay review Life assurance. Pension scheme After six months services they cover a private healthcare and also a company car or cash alternative. Home telephone bill assistance. For every 10 years of services there is a paid sabbatical leave of eight weeks. Training at McDonalds Includes complete development McDonalds constant success of is constructed on the highest principles of quality, delivery of services and cleanliness to customer in each of the McDonalds restaurants. These standards are achieved because of the well trained crew member and also well trained manager. The policy of McDonalds that provide the career opportunities that allows the workers to improve and develop their full potential. This policy programme for both crew and operation management, and a career advancement that enables a first job for the progression of the employees to the senior management position through merit based promotions. Around 55,000 employees are trained in McDonalds every year. McDonalds spends around  £10 million over on going employees training every year for providing people with valuable skill. McDonalds work experience is a foundation for future employability, mostly as the UK labour market continues to evolve. As there is increase in the demand of skilled employees, a job which offers an on-going training with a leading organisation is very best career investment. People from all over the world of life recognition of first job at McDonalds through having prepared them with ingredients of success. Staff Training Staff training programme at the McDonalds is an on the job professional experience that make other learn the skills transferable to other industries. In McDonalds the entire new employee begins their experience with an induction into the company. Here the trainers work together shoulder-to-shoulder with other trainees where they absorb the operation skills for running the each and every 11 workstations in every restaurant, from front counter to grill area. Each and every employee learns to operate contemporary food service equipment, gaining knowledge of McDonalds operational procedure. Every manuals and video tapes cover every detail, starting from how to prepare a big Mac, and they also teach that how to deliver exceptional services to customers. Not only this employees also learn how to train and supervise other people. The people who first time employed in McDonalds, McDonalds are an important mentor who teaches the interpersonal and organisational skill which is important for performing effectively on any job. The business of McDonalds demands effective teamwork, discipline and responsibility. The result of McDonalds experience is in improving self-confidence and communication skill and McDonalds stresses on customer care and attitude where organisation experts known as an essential element for business success. Business strategies of McDonalds As we know that McDonalds is the most successful fast food chain in the world. In the success of the McDonalds we may possibly easily identify number of successful business strategy operations. Time to time McDonalds enhances its own brand imagine with the help of different social activities and sponsors the special events and sports like as a main sponsor of the world cup since 1994 and the champions league football in England from 1996 to 2000. The reason of the McDonalds success is that McDonalds implements many strategies like Porters Competitive strategies model that includes differentiation and low cost leadership or miles n snows strategy typology which describe prospector, defender, reactor and analyser strategy. Its obvious that McDonalds has to implement or choose the most appropriate strategy for its success. How McDonalds implements its business strategies? The business structure of McDonalds is totally based upon a geographic structure. Because when we access their website they ask the person to choose their country that they are interested in. In fact in the five geographical divisions McDonalds has divided its operations. As shown in the figure that 65 % of McDonalds restaurants located in United States and Europe generates 75% of revenue. The most important strategic approach of McDonalds for maintaining its leading position in the market has to keep the major markets at the same time they are expanding their business in the emerging markets. Though there are different consumer groups in the different countries having a different tastes and requirements. So each unit of full geographical functions of McDonalds was required to response full for marketing and producing its products in that particular region. Over this regional or geographical structure the McDonalds is not only satisfying the needs of consumer of that or different geographical areas but also tracking a maximum local development. The main strategy of the McDonalds is that they produce and markets the slightly different kinds of products in different geographical areas and even those products have different prices. Jim Skinner the chairm an of McDonalds said once that if you are looking for a command centre with one push button to operate our restaurants in every corner of the world or in the different countries having a different culture you will not find it. Though there is a QSCV-quality service, cleanliness and value philosophy is everywhere. McDonalds is right in understanding the consumer that customer need the fast services, bearable prices and better standard hygiene. In most of the countries McDonalds having a similar product where they provide good services, including beef, chicken and bread potatoes and milk. In different countries consumer having a different taste and requirements and McDonalds time to time launches the new products for their regional customer. Effect of external environment on McDonalds strategies There are two sectors which affects the McDonalds strategies that are competitor and social concept. Competitor: Its unlikely that McDonalds may be at No. 1. In an annual consumer satisfaction survey McDonalds has been listed at last among the fast food restaurants since 1992 and in 4th quarter of 2002 McDonalds had disclosed 1st time its quarterly loss the reason of this is that the consumer has switched to McDonalds competitor i.e. Burger king, subway, etc. These companies focus on offering the fresh and high quality of food at lower price at low price and many fast services. Which resulted that McDonalds has to close its 719 poor performing restaurants around the world? And all these result were proving that McDonalds may not be longer in competition of fast food market. If McDonalds does not adapt the external environment change, they can be diminishing gradually and even it can be replaced by the other competitors. To keep their market share increasing sales and profit McDonalds has to answer the threat of the competitors. In 2003 McDonalds introduce its new product McGriddles sandwiches as a feature of breakfast in US and Canada, and in UK they introduce premier and zesty McChicken and in other countries McDonalds was trying to provide satisfaction to customer by offering premium products at affordable price. Even more McDonalds is providing good choice with respond to Happy Meal for the children. For example Happy Meal is includes chicken selects, do added sugar fruit drink and also to produce coffee to appeal the adults. And those products have been produced to attract existing customer and also to develop new customer. Moreover the McDonalds has innovated its menu and also McDonalds is rebuilding and relocating its restaurants to make environment comfortable to the customer. McDonalds is differentiating itself by creating more relevant experience to attract customers, like they are allowing customers to access internet with the wireless technology. Social problem -healthy issue: As the economy is growing, living standard of people is also increasing. People are now more concerned about their health issues. There is no doubt that McDonalds has made itself more convenient for the customer. Most of the people think that such kind of fast food restaurants are not good for health. WHO report showed that such food not only can cause obesity of children but also the cause of cancer. Issues regarding the health biggest hurdle for the development of McDonalds customer were switching to the healthier competitor like Subway and KFC products. McDonalds has answered to this healthy trend. In order of competition McDonalds has added the salads and other healthier products in their menu. If the any mother comes to the restaurants she will not only find happy meal for her children but also she will find a meal for her also. The lighter and healthier option encourages the existing customer to come back often because there is greater variety of choices. Focus on Children: Different taste and local needs doesnt matters McDonalds has paid its all considerable attention towards children in every country. McDonalds has made happy land for the children offering fantastic happy meal with superb toys to them. And even more McDonalds have just launched the computers with games that are designed for the childrens imagination at the same time they shape their personal features. There are 3 main reasons for McDonalds to focus on the children i.e. McDonalds biggest consumers group are children and McDonalds has been regarded as their favourite place to go. The brand culture happiness is known by the children. The belief of McDonalds on focusing on children is that it can build the stable business and will also provide the best booster to encourage the whole family to come to McDonalds for example McDonalds can offer other products with childrens happy meal to the whole family. By building brand loyalty with children McDonalds is more likely to successful today and in future also. PERFORMANCE MANAGEMENT Employees are the important resources of the company. They insures the collaboration of financial, industrial resources so that organisation able to function. Today some of the experienced managers think that the financial reward cannot stay the only type of an employee encouragement or inspiration. There is need of viewing the needs of employees as entity that leads to the search of the non-financial incentives. There are many non-financial incentives connected to employees satisfaction of need for example employees participation in decision making, self-fulfilment, personal growth and others. Full use of human resource by the organisation is the most important advantage which allows the organisation to capture the position in the global market. The McDonalds flourishes owing to the logical combination of the staff into the problem solving. The company follows the principle i.e. the result is done by a man, McDonalds observes its employees as the primary means of achievement in the field of quality and productivity. McDonalds has built its success on the motivation theories having changed only some aspects of them. McDonalds follows four simple principles, which provides the possibility of growth in the performances of its employees: The organisation must innovate the different system of motivation for every department. There must clear and attainable aim for the personnel, its better to have one aim for each person There must be change in aim. Manager must have two aims for the year. For example the first manager inspects the number of employee and clients then the manager inspects the number of returning clients and then the manager should analyse the increase in the sales. This process gives the possibility to find out the qualities and abilities of employees and also to check the new method of work. The rise in salary must be workable for the employee. McDonalds implements three components of the motivation theories i.e. financial incentives, non-financial incentives and social policy. All these three components are mentioned in the Maslows motivation theory. Though Maslow describes that all needs must be one by one. The research of McDonalds and its strategy structure shows that only immediate fulfilments of the employee needs and that will increase the performance of the employees. Its not important to fulfil all the needs of every level. In reality every man has a numbers of needs in every existing moment. McDonalds has an effective motivation system that makes it possible to growth in the performance of the employees and also increases in the companys productivity. McDonalds administration staffs have applied the situational approach which has turned out to be the most relevant to the current condition. The administration department have used the particular techniques on the origin of motivation theories. After applying the assembly line procedure in food preparation McDonalds has ensured the standard quality of production and the high performance. In addition McDonalds has applied actual motivation strategy that is grounded on motivation theories. CONCLUSION AND RECOMMENDATION In the above discussion we just come to know about the HR Strategies of the McDonalds the assignment discussed four HR strategies of the McDonalds: Recruitment selection, training, business strategies and management performance system. McDonalds believes that the growth and success of restaurants and company is gained and achieved with the help of their employees. The aim and objective of the McDonalds is to recruit the best people, to maintain them by offering ongoing training appropriate to their position and to promote them when they are ready. The recruitment policies, procedures and practices show the purpose to achieve its aim. It is analyzed there must be some achievement and promotion activities for the crew member as McDonalds has provided to its Business management trainee. If the McDonalds fails to identify the new competitors, interest of consumer shifts, and innovative technologies and social trends then there is a strong possibility of loosing there market share. In 20 03 McDonalds has decided to divert its focus to increase the sales in existing restaurants. To achieve the main objective, McDonalds strategy must attract more new customers and also encourage the present customer to visit restaurants more often, build brand loyalty and eventually create long-term profitable growth for the company.

Australian Wool Industry Essay -- essays research papers fc

INTRODUCTION Australia is the world’s largest wool producing country, and has been for decades. The fine quality of wool from the result of fine breeding has definitely help contribute to the high demand of the wool industry. Much of Australia’s wool has been exported to other countries such as China, Italy, Taiwan, Republic of Korea and France. However, Australia’s wool production has been decreasing for the last 10 years and the demand has been declining because of the other, easier to manage, synthetic fibers and materials that have been introduced to the market. This following report is regarding the changes and effects the wool industry had on Australia in the 19th century, the reasons for the successful development of the wool industry, and also Australia’s current position in wool production. HISTORY – JOHN MACARTHUR The first sheep to arrive in Australia, Botany Bay was in 1788 on the First Fleet, brought by Governor Phillip. The sheep that were brought over were only to be used for food and not for wool production for the new settlement in the newly found country. They had thick, hairy fleeces and small groups of them were brought frequently, however only a few survived the journey and the few that survived were not use to the climatic changes and died soon after. Governor Philip later realised Australia’s soil and climate were better suited for livestock grazing than any farming. So after setting up many farms in 1792 Governor Philip headed back to England and left a temporary governor, Major Francis Grose to replace him until 1794. This was when the significant changes occurred, free settlers were allowed in Australia and officers and officials were given grants of land. John Macarthur, an officer in the New South Wales Corps took advantage of the grants of land, he was the most productive of the officers. He and two of his friends brought several pure blood Spanish Merino sheep to Australia, he then started breeding them some of his mixed breeds. He continued with this practice until he was certain that the result was that the quality of the wool was alike to the wools from Spain and Germany. John Macarthur’s success in fine-wool production gave Australia great wealth. AUSTRALIAN MERINO WOOL Australia produces the world’s best woollen fibre, Australian Merino wool, which is also the main sheep breed in this country (75% are Merino’s ... ...l to profitable levels. The price of broad micron wool has increased and in some cases is equal in amount paid for fine wool. BIBLIOGRAPHY  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Australian Bureau of Statistics, (2005). The Wool Industry [on-line].Available:http://www.abs.gov.au/ausstats/abs@.nsf/0/cd302ee1b133891eca256f720083301d?OpenDocument  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Bird. J, (2005). This Bloody Disgrace is Called Mulesing [on-line]. Available: http://www.animal-lib.org.au/lists/mulesing/mules.shtml  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Curriculum Council. (1977). Australian People 1977. Education Department of Western Australia, Australia  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Elders, (2005).Daily Wool Prices. [on-line] Available: http://wool.elders.com.au/viewpdf.asp?PDF=media/reports/Reports_56.pdf  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Fleet, M., (2000). Matilda – Australia’s First Cloned Merino [on-line] Available:http://www.sardi.sa.gov.au/pages/showcase/media_releases/2000/matilda.htm:sectID=83&tempID=27  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Mooney, J., (2003). Sheep Farming in Australia in the 19th Century [on-line].Available:http://athena.english.vt.edu/~jmooney/3044annotationsp-z/sheepfarming.html Australian Wool Industry Essay -- essays research papers fc INTRODUCTION Australia is the world’s largest wool producing country, and has been for decades. The fine quality of wool from the result of fine breeding has definitely help contribute to the high demand of the wool industry. Much of Australia’s wool has been exported to other countries such as China, Italy, Taiwan, Republic of Korea and France. However, Australia’s wool production has been decreasing for the last 10 years and the demand has been declining because of the other, easier to manage, synthetic fibers and materials that have been introduced to the market. This following report is regarding the changes and effects the wool industry had on Australia in the 19th century, the reasons for the successful development of the wool industry, and also Australia’s current position in wool production. HISTORY – JOHN MACARTHUR The first sheep to arrive in Australia, Botany Bay was in 1788 on the First Fleet, brought by Governor Phillip. The sheep that were brought over were only to be used for food and not for wool production for the new settlement in the newly found country. They had thick, hairy fleeces and small groups of them were brought frequently, however only a few survived the journey and the few that survived were not use to the climatic changes and died soon after. Governor Philip later realised Australia’s soil and climate were better suited for livestock grazing than any farming. So after setting up many farms in 1792 Governor Philip headed back to England and left a temporary governor, Major Francis Grose to replace him until 1794. This was when the significant changes occurred, free settlers were allowed in Australia and officers and officials were given grants of land. John Macarthur, an officer in the New South Wales Corps took advantage of the grants of land, he was the most productive of the officers. He and two of his friends brought several pure blood Spanish Merino sheep to Australia, he then started breeding them some of his mixed breeds. He continued with this practice until he was certain that the result was that the quality of the wool was alike to the wools from Spain and Germany. John Macarthur’s success in fine-wool production gave Australia great wealth. AUSTRALIAN MERINO WOOL Australia produces the world’s best woollen fibre, Australian Merino wool, which is also the main sheep breed in this country (75% are Merino’s ... ...l to profitable levels. The price of broad micron wool has increased and in some cases is equal in amount paid for fine wool. BIBLIOGRAPHY  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Australian Bureau of Statistics, (2005). The Wool Industry [on-line].Available:http://www.abs.gov.au/ausstats/abs@.nsf/0/cd302ee1b133891eca256f720083301d?OpenDocument  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Bird. J, (2005). This Bloody Disgrace is Called Mulesing [on-line]. Available: http://www.animal-lib.org.au/lists/mulesing/mules.shtml  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Curriculum Council. (1977). Australian People 1977. Education Department of Western Australia, Australia  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Elders, (2005).Daily Wool Prices. [on-line] Available: http://wool.elders.com.au/viewpdf.asp?PDF=media/reports/Reports_56.pdf  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Fleet, M., (2000). Matilda – Australia’s First Cloned Merino [on-line] Available:http://www.sardi.sa.gov.au/pages/showcase/media_releases/2000/matilda.htm:sectID=83&tempID=27  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Mooney, J., (2003). Sheep Farming in Australia in the 19th Century [on-line].Available:http://athena.english.vt.edu/~jmooney/3044annotationsp-z/sheepfarming.html

The Fulcrum and the Lever Essay -- essays research papers fc

I turn the key and unlock the deadbolt. It’s been a long day’s work. I have been working three jobs for weeks now. I come through the door of my tiny one-bedroom house and stare at the desk, piled high with debris: old junk mail, magazines, and a few bills. I keep thinking maybe on my day off I’ll clean this mess up, balance my check book and pay my bills. â€Å"But what’s the use?† I think to myself, â€Å"I have $210 left on my credit card, that’ll get me through another week.† Independence is what I wanted and that’s what I got. I have a car, a house, furniture, stocked cupboards, and plenty of I-can-do-what-I-want free will. I was working a lot, and sure was doling out a lot of dough, yet I felt atrophy kicking in. When I was dying to leave my parents house, I didn’t think that it would be like this. Going and doing whatever I wanted all the time was not something I did. Life cost money and the reality was kicking me in the stomach every time I walked in my front door and looked at my desk. â€Å"Where is that Consumers bill? How much money is left in my checking account? Do I even have any in my savings?† These thoughts break-danced in my head often. In a day where I see more commercials advertising credit cards, debt consolidation, and home mortgage lenders, one might find it hard to believe that debt can actually be a problem. Seeing those poor saps dance in a conga line screaming, â€Å"Freedom!† makes it that much harder to notice. With three maxed-out credit cards, and other debt in the thousands of dollars, I was one of those people screaming, â€Å"Save me!†   Ã‚  Ã‚  Ã‚  Ã‚  My life could go nowhere while I was struggling to make payments on three credit cards that I hadn’t even used in two years. One of my frustrations stemmed from the fact that all of this money was going to the credit card companies for things that I don’t even remember buying. With my student loan in deferment, I had only to worry about everything else. Working three jobs was not my cup of tea. The â€Å"American Dream† was killing me.   Ã‚  Ã‚  Ã‚  Ã‚  A lot of Americans are drowning in debt, with predators just waiting to add to the pile. Dave Ramsey, New York Times best selling author and financial advisor, says: Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt then you're a slave, i... ...y Book. Holbrook, MA: Adams Media Corporation. 1999. Sylla, Richard. â€Å"American History Information About National Debt.† The Reader's Companion to American History. Houghton Mifflin Company. 20 May 2005. . Ramsey, Dave. The Total Money Makeover: A Proven Plan for Financial Fitness. Nashville, TN: Thomas Nelson, Inc., 2003. -----. More Than Enough: The Ten Keys to Changing Your Financial Destiny. New York, NY: Penguin Books. 1999. â€Å"The Debt To the Penny.† Bureau of the Public Debt: United States Department of the Treasury. 20 May 2005. . Waggoner, Darren. â€Å"Going Broke?: Younger Americans have a serious debt problem.   Ã‚  Ã‚  Ã‚  Ã‚  Not surprisingly, lenders and consumer advocates propose different remedies   Ã‚  Ã‚  Ã‚  Ã‚  for the credit crunch.† Collections & Credit Risk. 10.5 (2005): 21. Infotrac:   Ã‚  Ã‚  Ã‚  Ã‚  General Reference Center Gold. Online. 31 May 2005. Webster, Noah. Noah Webster's First Edition of an American Dictionary of the English Language. San Francisco, CA: Foundation for American Christian Education, 1995; Reprint edition 1 June 1967. Yaqub, Reshma Memom. â€Å"Swipe at Your Own Risk.† Parents. July 2005. 49-53.

Sleep Deprivation and Teenagers

As a teenager and a first year post-secondary student, I can argue that as we get older, our amount of sleep gradually decreases. You have probably heard of the saying â€Å"The More, The Merrier,† and you might assume that according to this research paper, it means â€Å"The More Sleep, The Better,† but in reality and as a society, we believe that it means if you work more, do more, and do everything as fast as possible, you will achieve great success. The problem is that we have adapted to such a negative and wrong motto that it is affecting each and every single one of us teenagers.We need to be reminded of the consequences sleep deprivation has on important aspects of our lives, such as both mental and physical well-being, school, jobs, family, and relationships. Millions of students seek ways to keep themselves awake for a longer period of time and throughout the day. Popular culture has responded to our needs by creating material goods such as energy drinks, coffe e, electronics, and pills. It might keep individuals awake and might make them believe that they are full of energy, but at what point does the body and mind get the required nine hours of rest in order to function to its maximum capability?Students prioritize their lives but health seems to be one of the last on their mind. A recent survey by the American Academy of Sleep Medicine found that, â€Å"only 15% of teenagers regularly get the nine hours of sleep they need each night† (Foldvary-Schaefer, p. 9). This means Bhullar 2 that the other 85% are falling beneath the required amount. Lack of sleep can mean that the body is more vulnerable to diseases and virus attacks. At the same time it can interfere with memory, concentration, mood swings, mental abilities, and weight gain, just to name a few.Such things can lead to other problems like bulimia, loss of job, failure in school, and physical accidents. According to the National Highway Traffic Safety Administration, there a re as many as 100,000 car crashes every year involving a drowsy driver. Over half of the crashes involved adolescence (Thorpy, p. 6). If you give attention to the transformation between early years of elementary school and later years in secondary school, you’ll notice the change in sleeping habit and workload. The younger you are, the earlier you fall asleep; the older you are, and the later you fall asleep.As our bodies hit puberty, it experiences a shift in circadian rhythm, the body’s 24-hour clock (Behrens, p. 469). This means that younger children tend to feel tired around eight or nine at night, where as teenagers’ circadian clocks shift to a later sleep time of ten or eleven at night. The need to feel more like adults, by having an active night life seems to only add to the late night sleep. And on the other hand, movies, television programs, internet surfing, facebook-ing, and texting are added to the normalized lifestyle.Our school systems also play a big part in loss of sleep. Secondary schools and Post-Secondary schools have a stronger workload than that of elementary schools. Although you might believe that the amount of homework that students are assigned is the main reason that older students are sleep deprived or buried in books, it is not. The second reason is the scheduling. Older teenagers are expected to attend school at an earlier time, and complete all course assigned homework.At the same time they are expected to study to achieve high grades Bhullar 3 in order to start a career, to work at a job in order to learn the responsibilities as young adults, to succeed at making their parents proud, and to have a good time in order to enjoy life. As generations are introduced to the world, our culture continues to be developed. Parents believe that adolescence have an easy stress-free life and should be capable of achieving success by spending the least amount of time to achieve it.When in reality, adolescence are living a l ife almost identical to those of adults, and if anything, adults have fewer stresses. It is most likely that every house hold has at least one family issue which causes stress upon the children. Grown-ups, or people in general who are involved in these issues, seem to be blind to the affect it has upon others within the family. These kinds of situations also have an impact on sleeping habits and teenagers. The environment that we are surrounded by day-to-day is what influences the way we think.Apart from the relationship between family members, adolescence in different communities are maturing a lot faster and creating bonds between themselves and a mate a lot earlier in their lives. What is lost in this process for young teenagers is the knowledge of the negative affects that these relationships that they create have on their lives. It creates more responsibilities, therefore more stress. In a first person’s point of view, when you are in a serious and deep relationship, it can control the way you feel and act.Teenagers tend to be more stubborn, which means that if there is an issue in the relationship, they are most likely going to withstand talking to each other which, in most cases, causes problems falling asleep. Responsibilities are one of the key elements to life, and with it you may get something in return. Money being one of the outcomes requires knowledge in how to earn it, save it, and spend it. As parents, it is an important facet to life that should be taught at an early age in order Bhullar 4 to master it when you are older.Because of this, more and more young teens are forced to get a job and pay for their wants and needs on their own. There are two main points to this idea. The first being that a job alone would cause a lot of stress on an individual and if there is an issue, whether it has to do with the job or something else, it would cause problems that may lead to a loss of employment. Teenagers already struggle with stress, and work ing harder to keep a job or having to live off of what you have saved up because you may have lost your job, would only add to it.If you pay attention to the thinking process that adolescence must go through almost every day, it can or may have already resulted in stress. As I have previously stated, stress results in sleep deprivation. â€Å"We can’t learn to sleep less. While some people might adapt to sleep loss, and sleep necessity varies, sleep is biological function. There is no substitute for it† (Foldvary-Schaefer, p. 6). Although there are many consequences that are created by loss of sleep, there are ways that we are able to fix these problems. The main cure is simply sleep.But for those of us teenagers who have made it a habit to fall asleep late at night and wake up early in the morning, we are able to re-prioritize our lives. We are able to do things to release the stress that keeps us awake at night, and we are still able to enjoy life to its fullest. Wha t we need to do is sleep at least eight or nine hours of sleep a night, if we need to take a nap, take one no longer than twenty to thirty minutes long before three in the afternoon. Exercise or go for a run two to three hours before going to bed in order to release any worried thoughts or stress.Limit your caffeine intake and try to avoid smoking and drinking alcohol as much as possible. Don’t go to sleep hungry, nor go to sleep on a full stomach, and take a nice relaxing shower before getting ready for bed to calm your entire body (Foldvary-Schaefer, p. 195). Bhullar 5 Sleep may not seem as important as it is, but without sleep, we wouldn’t get anywhere in life. Teenagers need to be aware of the consequences it has on our physical and mental health, school, jobs, family, and relationships if we were to let our body suffer from loss of sleep.Our body and mind need the right amount of hours of rest in order for us to feel fresh and able to complete and deal with tasks that are given throughout the day. We should try and avoid as much stress as possible and make an effort to clear our minds before settling down at the end of the night. As of now, we should all adapt to a more positive motto: â€Å"If you work more, do more, and do everything as fast as possible, you will achieve great success, as long as you let your body recover from a long hard day’s work and give your mind a good night’s rest. †