Performance Appraisal Processes Essay Example | Topics and Well Written Essays - 500 words

Performance Appraisal Processes - Essay Example Therefore, for top quality employees the performance should take into consideration the results gained and focus on providing encouraging words or quotes to boost the employee’s morale and motivate him or her to continue working harder. The appraisals done should encourage the employees to focus more on their quantity or quality where necessary. The performance evaluations will target better performance among the empowered workers to ensure that they continue with the energy as they work. Â  The theory that is most consistent with empowerment is the job characteristics theory. It stresses on the fact that there are certain traits about the job a person has that will make him or her motivated to perform excellently. One important thing is that the employee has control over what he or she does and aims to do the best. The motivation, in this case, comes in when the workers are not given control or are given work that does not meet the various characteristics based on feedback, autonomy, task significance, and task identity and skill variety. As such it concurs with empowerment where a workers freedom increases and his or her potential exploited to the maximum. In the case of empowerment, the individual is given more control and independence to tackle various tasks and thus uses his skills to the highest. He or she does not look to meet an individual quota but to perform beyond what the company wants. Â  Landmark Dining is currently considering surveys and the various factors to consider would be competitiveness of the employees, teamwork that involves a relationship with co-workers, the job was done by the employee, communication between employees and senior management benefits, compensation relationship with Superior job security and chances of using the relevant jobs skills at work. The results from the voice system indicate the satisfaction of the customers on the services provided by the establishment.

Research project -- Using balanced scorecaed in human resource Essay

Research project -- Using balanced scorecaed in human resource management - Essay Example With the support of just a single sheet of paper, the administrative authorities can achieve both the basic financial goals and the most significant non-financial drivers for the success.  The main purpose of Balanced Scorecard is to assist the managers in using their elusive resources effectively. Executive authorities apply Balanced Scorecards to analyze and measure the performance of the employees proficiently. The managers use Balanced Scorecards as an additional aid along with other financial measures. This paper is initiated by the fact that numerous organizations are falling short in aligning their corporate strategy with their visions. In this paper, the strategic use of Balanced Scorecard is discussed which is considered as one of the important component of modern human resource management. The main purpose of the paper is to identify how a balanced scorecard can help the mangers to integrate a well-defined strategy and the vision. Balanced Scorecard is a measuring and strategic management tool that is used to bring all the organizational activities and employees’ performance with respect to its vision and strategies (Harvard Business Review, 1992 & 1993). It identifies a small number of financial and non-financial measures along with attached targets to them, so that they are assessed to verify whether or not the contemporary performance would meet the expected standards or goals. The Balanced Scorecard, developed by Dr. Robert Kaplan and Dr. David P. Norton, can be effectively and productively used in communications as well as to evaluate goals and performance of over all organization. According to David Norton, almost 60% of large US companies are using those Balanced Scorecard that merge financial and non-financial measures. Kaplan and Norton (1996) wrote their book The Balanced Scorecard: Translating Strategy into Action that â€Å"The

Malden Mills Essay Example | Topics and Well Written Essays - 1750 words

Malden Mills - Essay Example The organization faced most precarious conditions like bankruptcy and encountered considerable amount of destruction caused due to the onset of fire. The jobs of 3000 employees of the organization were at stake. But surprisingly the Aaron did not resolved to any means of employee termination rather he spent millions on the all 3000 employees and kept them on payroll for a period of three months. The result of such a step infused loyalty within the employees and the resultant production after the onset of work was much higher than the production before. This act of him prevented thousands of employees in losing their jobs and proved Aaron Feuerstein’s worth as a true leader. (Leung) He held the view of treating his employees as an asset and reflected his responsibility towards the society. He was able to think beyond the profitability and broadened his idea to deliver the best for the community by staying with the employees during such critical conditions. Aaron Feuerstein had the courage and conviction to reflect on the appropriate action and had set high values for the leaders of all the organizations to behave rationally and to implement decisions considering all the associated factors. The determination and the leadership skill as exhibited by Aaron Feuerstein is a heroic achievement. Malden mill used to operate in a 300 year old mill town. The mill went into bankruptcy in the year 1981. In order to prevent the mill from going into bankruptcy the organization could have taken some precautionary steps. The mill could have hired a budgetary advisor who could have limited the spending of the mill in comparison o the earnings. Budgetary advisor would also have provided with planning and ideas to save money by reducing unnecessary cost and other expenses. In order to pay back the debt to the creditors the mill could have sold some assets which are not in use in a great deal and this could

Why Security Base Lines Are Important Essay Example for Free

Why Security Base Lines Are Important Essay Introduction: A Security Baseline defines a set of fundamental security goals which must be met by any given administration or framework. The goals are decided to be realistic and finish, and dont force specialized means. In this way, subtle elements on how these security targets are satisfied by a specific administration/framework must be archived in a different Security Execution Archive. These points of interest rely on upon the operational environment an administration/framework is sent into, and may, accordingly, innovatively utilize and apply any significant security measure. Disparagements from the baseline are conceivable and expected, and must be unequivocally checked. The procedure of building a frameworks security state is called baselining. The ensuing product is a security pattern that permits the framework to run securely and safely. When the procedure has been finished, any comparable frameworks can be arranged with the same baseline to accomplish the same level of security and insurance. Uniform baselines are basic in expansive scale operations. Creating a benchmark for your data security system will help you and your staff more successfully prioritize and coordinate your data security effort and showcasing exercises. Before you know which direction you need to take your information security program and your outreach and marketing efforts, you need to dig around to see where you are in the big picture. By understanding at the onset which capabilities your program possesses, you can ensure better use of both your staff and stakeholders’ time and resources, more easily replicate successes, understand where improvements need to be made, and demonstrate growth to your leaders and managers. It also assists all involved parties in making informed decisions based on thorough research, established priorities, and a common vision. The best place to start is with research. Regardless of  method used to collect information about your baseline, you should pilot the process with a sample audience to assess the clarity of the questions and determine if they need any revisions to elicit useful responses. A survey is often used as one tool to collect information. You want to use a survey designed to give you actionable results. Before you know which bearing you have to take your data security program and your effort and advertising deliberations, you have to burrow around to see where you are in the master plan. By understanding at the onset which abilities your system has, you can guarantee better utilization of both your staff and stakeholders opportunity and assets, all the more effectively repeat victories, comprehend where changes need to be made, and exhibit development to your pioneers and supervisors. It additionally aids all included gatherings in settling on educated choices focused around exhaustive examination, secured needs, and a typical vision. The best place to begin is with exploration. Notwithstanding system used to gather data about your standard, you ought to pilot the procedure with a specimen group of onlookers to evaluate the clarity of the inquiries and figure out whether they require any amendments to evoke helpful reactions. An overview is regularly utilized as one apparatus to gather data. You need to utilize a review intended to provide for you significant results. References: Impact And Issues Of Physical Security | Researchomatic. (n.d.). Retrieved from http://www.researchomatic.com/Impact-And-Issues-Of-Physical-Security-153570.html#buytopicstep Retrieved from http://www.sans.org/reading-room/whitepapers/physical/implementing-robust-physical-security-1447 Security Issues and Solutions Part 4: Physical Security and Auditing | Physical Security | Inform IT. (n.d.). Retrieved from http://www.informit.com/articles/article.aspx?p=25850

Blades, Inc. Case Essay Example for Free

Blades, Inc. Case Essay Ben Holt, chief financial officer (CFO) of Blades, Inc., has decided to counteract the decreasing demand for Speedos roller blades by exporting this product to Thailand. Furthermore, due to the low cost of rubber and plastic in Southeast Asia, Holt has decided to import some of the components needed to manufacture Speedos from Thailand. Holt feels that importing rubber and plastic components from Thailand will provide Blades with a cost advantage ( the components im-ported from Thailand are about 20 percent cheaper than similar components in the United States). Currently, approximately $ 20 million, or 10 percent, of Blades’ sales are contributed by its sales in Thailand. Only about 4 percent of Blades’ cost of goods sold is attributable to rubber and plastic imported from Thailand. Blades faces little competition in Thailand from other U. S. roller blades manufacturers. Those competitors that export roller blades to Thailand invoice their exports in U. S. dollars. Currently, Blades follows a policy of invoicing in Thai baht ( Thailand’s currency). Ben Holt felt that this strategy would give Blades a competitive advantage since Thai importers can plan more easily when they do not have to worry about paying differing amounts due to currency fluctuations. Furthermore, Blades’ primary customer in Thailand ( a retail store) has committed itself to purchasing a certain amount of Speedos annually if Blades will invoice in baht for a period of 3 years. Blades’ purchases of components from Thai exporters are currently invoiced in Thai baht. Ben Holt is rather content with current arrangements and believes the lack of competitors in Thailand, the quality of Blades’ products, and its approach to pricing will ensure Blades’ position in the Thai roller blade market in the future. Holt also feels that Thai in the Thai roller blade market in the future. Holt also feels that Thai importers will prefer Blades over its competitors because Blades invoices in Thai baht. You, Blades’ financial analyst, have doubts as to Blades’ â€Å"guaranteed† future success. Although you believe Blades’ strategy for its Thai sales and imports are sound, you are concerned about current expectations for the Thai economy. Current forecasts indicate a high level of anticipated inflation, a decreasing level of national income, and a continued depreciation of the Thai baht. In your opinion, all of these future developments could affect Blades financially given the company’s current arrangements with its suppliers and with the Thai importers. Both Thai consumers and firms might adjust their spending habits should certain developments occur. In the past, you have had difficulty convincing Ben Holt that problems could arise in Thailand. Consequently, you have developed a list of questions for yourself, which you plan to present to the company’s CFO after you have answered them. Your questions are listed here: 1. How could a higher level of inflation in Thailand than that of US affect Blades import and export respectively in the following two scenarios? a. In the short term, US$ versus THB hold at fixed exchange rate due to a pegged exchange rate policy. b. In the long run, the Thailand trade deficit causes the pegged exchange

Ranbaxy Laboratories Limited

Ranbaxy Laboratories Limited Ranbaxy Laboratories Limited, Indias largest pharmaceutical company, is an integrated, research based, international pharmaceutical company, producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Ranked 8th amongst the global generic pharmaceutical companies, Ranbaxy today has a presence in 23 of the top 25 pharmaceutical markets of the world. The Company has a global footprint in 49 countries, world-class manufacturing facilities in 11 countries and serves customers in over 125 countries. In June 2008, Ranbaxy entered into an alliance with one of the largest Japanese innovator companies, Daiichi Sankyo Company Ltd., to create an innovator and generic pharmaceutical powerhouse. The combined entity now ranks among the top 15 pharmaceutical companies, globally. The transformational deal will place Ranbaxy in a higher growth trajectory and it will emerge stronger in terms of its global reach and in its capabilities in drug development and manufacturing. Financials Ranbaxy was incorporated in 1961 and went public in 1973. For the year 2008, the Company recorded Global Sales of US $ 1,682 Mn, reflecting a growth of 4%. The Company has a balanced mix of revenues from emerging and developed markets that contribute 54% and 39% respectively. In 2008, North America, the Companys largest market contributed sales of US $ 449 Mn, followed by Europe garnering US $ 330 Mn. Business in Asia is going strong with India clocking sales of around US $ 300 Mn with market leadership in several business segments, backed by strong brand-building skills. Products Using the finest RD and Manufacturing facilities, Ranbaxy Laboratories Limited manufacture and markets generic pharmaceuticals, value added generic pharmaceuticals, branded generics, active Pharmaceuticals (API) and intermediates. The Company remains focused on ascending the value chain in the marketing of pharmaceutical substances and is determined to bring in increased revenues from dosage forms sales. Ranbaxys diverse product basket of over 5,000 SKUs available in over 125 countries worldwide, encompasses a wide therapeutic mix covering a majority of the chronic and acute segments. Healthcare trends project that the chronic treatment segments will outpace the acute treatment segments, primarily driven by a growing aging population and dominance of lifestyle diseases. Our robust performance in Cardiovasculars, Central Nervous System, Respiratory, Dermatology, Orthopedics, Nutritionals and Urology segments, clearly indicates that the Company has strengthened its presence in the fast-growing chronic and lifestyle disease segments. Introduction to the industry The Indian pharmaceutical industry currently tops the chart amongst Indias science-based industries with wide ranging capabilities in the complex field of drug manufacture and technology. A highly organized sector, the Indian pharmaceutical industry is estimated to be worth $ 4.5 billion, growing at about 8 to 9 percent annually. It ranks very high amongst all the third world countries, in terms of technology, quality and the vast range of medicines that are manufactured. It ranges from simple headache pills to sophisticated antibiotics and complex cardiac compounds; almost every type of medicine is now made in the Indian pharmaceutical industry. The Indian pharmaceutical sector is highly fragmented with more than 20,000 registered units. It has expanded drastically in the last two decades. The Pharmaceutical and Chemical industry in India is an extremely fragmented market with severe price competition and government price control. The Pharmaceutical industry in India meets around 70% of the countrys demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. There are approximately 250 large units and about 8000 Small Scale Units, which form the core of the pharmaceutical industry in India (including 5 Central Public Sector Units). Company analysis:-Key Strengths Company growing faster than the market. One of the largest distribution networks that comprises 2500+ skilled field force. Dedicated task forces for specialized chronic therapies A strong player in the NDDS segment. Key brands include Cifran OD (Ciprofloxacin), Zanocin OD (Ofloxacin) Sporidex AF (Cephalexin) Strong brand building capabilities, reflected in the fact that around 20 brands feature in the Top-300 brands of the Industry list. Leading brands are Sporidex (Cephalexin), Cifran (Ciprofloxacin), Mox (Amoxycillin), Zanocin (Ofloxacin) Volini (Diclofenac) A well-built customer interface, with one of the highest customer coverage across India, and an excellent franchise with both Generalists Specialists. This is proven by Ranbaxy Indias Corporate Image being perceived as Best-in-Class by customers (source: AC Nielsen ORG MARG Report, June 2004) Great emphasis is placed on Knowledge Management and Medico-marketing initiatives such as Advisory Board Meetings, Post Marketing Surveillance Studies and Continuous Medical Education programs. These have resulted in an excellent customer relationship with the medical fraternity. More than 2000 interface programs (Symposia, CMEs) are conducted and about 20 Clinical Papers published annually With a futuristic approach, the India operations attempt to capitalize on the fast- emerging, high-growth segments with innovative products and services: A slew of products have been launched in the Dermatology segment: Suncross (Sunscreen lotion), Sotret (Isotretnoin), Eflora (Eflornithine). Anti-diabetic franchise has been further consolidated with launch of Insucare (Insulin) with an innovative delivery mechanism Controlled Insulin Logistics This ensures that the cold chain, vital for product efficacy, is maintained. Dividend Payout Analysis:- Indicates the proportion of earnings that are used to pay dividends to shareholders. Ranbaxy laboratories dividend payout ratio is comparative reduced from the previous days, in other words they pay a dividend to its shareholders. This is the case for most high growth firms; their profits are better spent by reinvesting in the firms activities rather than as a cash payout to shareholders. In fact a majority of corporations have elected to pay out less of their earnings as dividends, perhaps because corporate rates of return on reinvested capital are higher these days, but it could also be that dividends are doubly taxed in some jurisdictions. The DPR measures what a companys pays out to Investors in the form of dividends, in this year dividends are not paid to the share holders. As per the data the DPR is comes to 60.06 from 94. Return on Equity Analysis: Sometimes ROE is referred to as Stockholders return on investment, it tells the rate that shareholders are earning on their shares. Ranbaxy laboratories are earning a very respectable growth rate on shareholders equity. Companies that generate high returns relative to their shareholders equity are companies that pay their shareholders off handsomely, creating substantial assets for each money invested. These businesses are more than likely self-funding companies that require no additional debt or equity investments.Return on net worth or equity (ROE) is a second useful profitability ratio. If we are getting from investing our own money in the business. If this return is less than the return we could obtain from an equal or less risky investment, then there is a good economic argument that we should leave farming and invest elsewhere. In the case of Ranbaxy laboratories, the ROE is not as good or at their esteemed level because of the earning of the company. The revenue or profit is g enerated in the current financial year is in the diminishing level EPS Analysis: The earnings per share ratio are mainly useful for companies with publicly traded shares. Most companies will quote the earnings per share in their financial statements saving you from having to calculate it yourself. By itself, EPS doesnt really tell you a whole lot. But if you compare it to the EPS from a previous quarter or year it indicates the rate of growth at companies earnings are growing (on a per share basis). Ranbaxy laboratories EPS have decreased almost 16.56 to -24.85 since last year; it is not an excellent growth rate for the company. Some analysts like to use â€Å"projected† EPS to analyze a stocks current value in respect to these estimates. Share Market Analysis: Ranbaxy Labs good for long term investment. There are some issues which are a big concern for the company, however, as the stock markets will stabilize, the Ranbaxy stock will also bounce back. Ranbaxy Labs has shown decent growth in the past five years. The company has presence in all major markets across the world. The stock used to be a safe bet for last many years. Things havent changed in terms of the business of the company; however, much has changed in the stock markets. Investors are worried about the future of the company. And they have a reason to worry; the stock hasnt offered the returns everyone expected. The results may be announced by the end of this month and long investors can think of entering the stock at lower levels. Stock Watch expects the stock to touch 350 400 levels within a year. The target has been estimated after evaluation of various factors including the business model; US market status and company valuations. The recent fall in the stock price is mainly due to bad news about the company in recent times. Things should start improving after three months as the stock bottoms out. Cash rich Japanese parent will support Ranbaxy and the company will offer decent returns. Investors can start accumulating the stock in range Rs 200 220. The rate RLL Sell/Medium Risk (3M) with a target price of Rs357.40. I expect the stocks valuations to move in line with the sentiment toward the sector, key to which are price expectations, progress on deregulation, and government decisions on the taxation part of the pharma industry. Analysis about the overall management of the company:- 2Q09 turns into profit, guidance maintained: Ranbaxys 2Q09 net profit of Rs6.93bn includes pre-tax gain of Rs8.1bn on hedges and Rs1.9bn on loans. Excluding these adjusted net profit is c. Rs370mn (company estimate of Rs633m) cf. our estimated loss of Rs230mn. Sales were higher at Rs17.9bn (our estimate Rs16.5bn) due to better performance in India and US. EBITDA margin reported at c.7% includes operational forex gain of Rs716mn, termination amount paid to Mr. Singh (Rs480m) and income from settlement with Teva Rs550m. Company has maintained its guidance of no profits for CY09. Sales trend unchanged: Sales decline 2% YoY in Re terms, 16% in $. US, EU, CIS and Brazil are down in $ terms. India grew at 21% in Re terms on back of 28 new product launches and tender sales. Newly acquired brands from Ochoa in pain and dermatology segment (full year sales of c.Rs300m) have not contributed yet. Growth across markets in constant currency is similar to 1Q09 YoY trend due to inventory de-stocking. US beat our expectation due to sumatriptan contribution. Mgt guided to a run-rate of $50m for US for 2H09. Costs are still high: 2Q09 cost of sales as % to sales at 62.4% is much higher than estimated and 58.6% seen in 1Q09. This could be due to ongoing overheads at Poanta without revenue contribution. SGA expenses ex-termination amount are in line with estimate. One major issue in mind of investors in the exit of promoters. Promoters have sold their stake to Pharmaceutical major Daiichi from Japan. Technical experts believe the issues in US markets and pending litigations are behind the promoters exit. The future of Ranbaxy will now depend on the plans Japanese company has for Ranbaxy. The parent company hasnt given any solid statement about the future plans for Ranbaxy. Once the announcements are made, investor sentiment will turn positive. Industry analysis: Porter 5 force model Todays business environment is extremely competitive and in economics parlance where perfect competition exists, the profits of the firms operating in that industry will become zero. However, this is not possible because, firstly no company is a price taker (i.e. no company will operate where profits are zero). Secondly, they strive to create a competitive advantage to thrive in the competitive scenario. Michael Porter, considered to be one of the foremost gurus of management, developed the famous five-force model, which influences an industry. Industry competition Pharma industry is one of the most competitive industries in the country with as many as 10,000 different players fighting for the same pie. The rivalry in the industry can be gauged from the fact that the top player in the country has only 6% market share, and the top five players together have about 18% market share. Many smaller players that are focused on a particular region have a better hang of the distribution channel, making it easier to succeed, albeit in a limited way. An important fact is that pharmacy is a stable market and its growth rate generally tracks the economic growth of the country with some multiple (1.2 times average in India). The product differentiation is one key factor, which gives competitive advantage to the firms in any industry. However, in pharmacy industry product differentiation is not possible since India has followed process patents till date, with laws favoring imitators. Going forward, we foresee increasing competition in the industry but the form of competition will be different. Economies of scale will play an important part too. Last but not the least, in a vast country of Indias size, government too will have bigger role to play. Bargaining power of buyers The unique feature of pharmacy industry is that the end user of the product is different from the influencer (read doctor). The consumer has no choice but to buy what doctor says. However, when we look at the buyers power, we look at the influence they have on the prices of the product. Bargaining power of suppliers The pharmacy industry depends upon several organic chemicals. The chemical industry is again very competitive and fragmented. The suppliers have very low bargaining power and the companies in the pharma industry can switch from their suppliers without incurring a very high cost. Companies like Orchid Chemicals and Sashun Chemicals were basically chemical companies, who turned themselves into pharmaceutical companies. Barriers to entry Pharma industry is one of the most easily accessible industries for an entrepreneur in India. The capital requirement for the industry is very low; creating a regional distribution network is easy, since the point of sales is restricted in this industry in India. The barriers to entry will increase going forward. The change in the patent regime will see new proprietary products coming up, making imitation difficult. The players with huge capacity will be able to influence substantial power on the fringe players by their aggressive pricing which will create hindrance for the smaller players. Threat of substitutes One of the key reasons for high competitiveness in the industry is that as an ongoing concern, pharma industry seems to have an infinite future. In the Indian context, companies like Cipla and Glaxo are likely to be key players. Though consolidation within the current big names is not ruled out. Smaller fringe players, who have no differentiating strengths, are likely to either be acquired or cease to exist. Economic analysis:- Monetary policy affected pharma industry:-The excise duty reduction on pharmaceuticals is unlikely to have any effect on the prices of medicines as the government has, in a parallel move, decided to cut the abatement rate for calculation of MRP based excise duty on pharmaceuticals. The Finance Ministry, in a move to rationalize abatement rates, has brought down the 42.5 per cent abatement enjoyed by the drugs industry to 35 per cent. Almost all domestic majors such as Ranbaxy, Dr Reddys and Cipla and multinationals like GSK and Johnson and Johnson have either own units in hill states, or rely on contract manufacturers in the hill states for production for the domestic market. Budget: THE BUDGET presented by Finance Minister has brought cheers for pharmaceutical companies. In the current financial year excise duty of 4 per cent has been retained while custom duty has been lowered on some vital life saving drugs and heart contrivances. The present budget has made an important provision to reduce custom duty from 10 per cent to 5 per cent on medicines and bulk drugs and 7.5 per cent to 5 per cent on life saving devices particularly related to cardiac diseases. With reduction in custom duty on certain selected life saving drugs, the prices of 9 particular drugs that are used for the treatment of fatal ailments namely cancer, HIV,hepatiits b are expected to be slashed. In addition to this, the prices of two vital heart devices are also expected to come down. MD of Ranbaxy laboratories also sounded positive with the provisions for Pharma Company in the new budget, he said, Though there were no big moves for pharma, increased government spending on healthcare will have a positive impact. Extension for scope of provisions relating to weighed deduction of 150 per cent on expenditure incurred on in house RD to all manufacturing business is a positive move. Role of Pharmaceutical Industry in India GDP-Facts The Pharmaceutical Industry in India is one of the largest in the world It ranks 4th in the world, pertaining to the volume of sales The estimated worth of the Indian Pharmaceutical Industry is US$ 6 billion The growth rate of the industry is 13% per year The Pharma Industry in India produces around 20% to 24% of the global generic drugs The Indian Pharma sector leads the science-based industries in the country Around 40% of the total pharmaceutical produce is exported The Indian Pharma Industry includes small scaled, medium scaled, large scaled players, which totals nearly 300 different companies There are several other small units operating in the domestic sector As per the present growth rate, the Indian Pharma Industry is expected to be a US$ 20 billion industry by the year 2015 With the large concentration of multinational pharmaceutical companies in India, it becomes easier to attract foreign direct investments The Pharma industry in India is one of the major foreign direct investments encouraging sectors Foreign direct investment:-The Indian pharmaceutical industry has been a successful player in global markets over the last couple of decades. Along with sectors like software and autoauxiliaries, it has spearheaded Indias progress in knowledge intensive and technologically sophisticated markets (Ramachandran et. al, 2006). It contributes to 8% of world production by volume and 1.5% by value (Aggarwal, 2004). It is a highly fragmented industry with more than 20,000 registered units (Indian Pharmaceutical Industry: An Overview, n.d.). It is becoming a major force in outsourced clinical research and has almost 74 U.S. FDA approved manufacturing facilities, the most for any country outside the US (Pharmaceuticals in India. BIBLIOGRAPHY: www.ranbaxy.com www.moneyrediff.com www.moneycontrol.com www.myiris.com Investment and portfolio analysis; third edition, Prasana Chandra

Senior Year of school :: essays research papers

The senior year of high school, what a pivotal time in a person’s life. Jim Swarthow was a senior as average as any other of his time. He grew up in an average sized town in Tennessee, and attended a high school with the population of 1,200 students. As a student he made fair grades, yet never cracked a book when he left the doors of school heading home. School was not very important to Jim because his father had him helping the family business at a very young age. Although he never failed any courses in his school career, he never excelled either. Jim ran with the popular crowd at his high school. He was an in guy that was more of follower than he was a leader. Ridgemont high school was your typical high school that had its typical cliqs. You had your cool guys, your nerds, your jocks, and your normal kids. The school was considered to be more middle class, with your fair share of upper class and lower class students. Jim was a middle class kid that wanted to have the appearance of a rich kid. Already making a fair amount of money helping run his fathers heating and Air Company, Jim would spend much of his money helping his appearance. Having the cool car on campus was what Jim enjoyed spending his free time on. He spent many hours and funds fixing up a 1976 Chevrolet impala. The car was in fair shape when Jim bought it from his father, but a new paint job was needed and he spent little time getting that deed taken care of. Jim had a new shade of pearl white paint put on the car to give it a remarkable look. Along with th e paint job, Jim had many other revisions made to his baby. New tires, tented windows, and a booming audio system. You name it and Jim had it done to the car, he had fun fixing up the new car. Having his own car and being able to put time and money into the car gave Jim a great since of identity and freedom. By fixing the old car up, Jim knew he would be able to obtain any goal he had to overcome in his life. Fixing up an old car was not the only exciting event that took place for Jim during his