The interlopers

It has been a long time since we began our name in december of 2009. After eleven discharges we are presently coming to our anniversairy discharge. Thus number ten arrives in a decent IOinch design. Furthermore, again another craftsman is ready! Article is his name and he's from Heidelberg. Furthermore the two uncommon specialists Nocow and Desolate are contributing two incredible remixes as a thank you for a wonderful coordinated effort with Fauxpas Musik. Vocals are originating from dazzling norwegian artist Ida Dillan.Vinyl tastes better†¦ perhaps a few people recall one of my first transfers â€Å"crying at day† ; â€Å"crying at night† on soundcloud a year ago, at long last they will be discharged on august sixth along with â€Å"old times† through Glyph Recordings. the 2 tracks has been altered a piece and aced ðÿ™‚ you can pre-request the ep here: This story is determined to the eastern edge of the Carpathian Mountains in Romania family fight ov er a segment of woods has arrived at fevered pitch between Ulrich Von Gradwitz and Georg Znaeym.Ulrich's family had won the claim numerous years prior that had settled the question, and Georg's family had lost. The seized family has never acknowledged the decision of the courts and keeps on poaching on the land. The triumphant landowners have kept on rebuffing the gatecrashers. To be excessively glad or having an excess of pride can lead hardheadedness, which can crush fellowships and families. The characters in â€Å"The Interlopers,† Ulrich von Gradwitz and Georg Znaeym, have been adversaries since birth.Their granddads quarreled over a bit of forestland. While the courts governed in the Gradwitz family's kindness, the Znaeym family has never acknowledged this decision. Over the span of Ulrich and Georg's lifetime, the quarrel has developed into an individual, savage one. As young men, they disdained one another, and by the night that the story happens, the two developed me n are resolved to carry a last end to the quarrel by executing their adversary. Ulrich von Gradwitz is a well off landowner.He has lawful right to a contested stretch of land yet realizes that Georg keeps on chasing on this land. On the night the story happens, he has sorted out a gathering of men to discover Georg, whom he intends to slaughter. He considers Georg his adversary and considers him a â€Å"forest-hoodlum, game-snatcher. † After the men get caught under the tree, Ulrich offers Georg a portion of his wine and is the first to advance creation revises. Ulrich is additionally the person who sees wolves drawing nearer. All through this excursion looking The gatecrashers By annecik

Example Web Site Proposal essays

Model Web Site Proposal articles I propose to build up a site for anybody in the sunglass, contact focal point, shaded contact focal point or laser vision revision advertise. The most significant highlights remembered for this site must be: investment funds, accommodation and top quality items. It is important to tie all parts of the site together easily. By this I mean the customer must be able to buy anytime In the site, just as the capacity to go anyplace from anyplace. We should plot our accessible items and administrations so as to make it a No Brainer for anybody. Our accessible items must be sketched out from the beginning. In the event that sellers should be reached to build up a discount relationship, at that point this must be dealt with as quickly as time permits. We should survey which items will augment our benefit, which will augment our attractiveness and which are simply of need to convey. We should build up a database of items and look after costs, increments and deductions as needs be. One assistance I had as a primary concern was to build up a free help for anybody inspired by laser vision amendment. We can build up an application where the patient data sources his/her primary care physicians composed Rx or their contact focal point box/bottle medicine, and we can take this data and build up a kind of web combine letter. By this I mean, we can send them an email reaction with respect to their present eye condition, the most appropriate surgery for their condition, history of others w/their Rx keeps em returning!! This will additionally promoting apparatus to attract individuals, as opposed to an assistance. Likewise, some creation organization or another could be contracted out to create recordings which we could offer to up-and-comers, specialists, specialists, and so on... Dr. So ... <!

How Much Is the Company Worth

How Much Is the Company Worth One of the most important questions turned over and over by investors or acquirers during a deal involving a merger or an acquisition is on whether the purchase or investment will be beneficial to them or not. Is the company worth buying? Will the benefits of taking it over or merging with it be more than the cost that was incurred in the takeover or merger process? How long will it take for the buyers to recoup the costs they incurred in the deal? Shareholders are more concerned with the premium or return they will get out of the deal.These questions will never be answered unless the acquiring companies or investors are able to determine how much the target company is really worth. © Shutterstock.com | garagestockThis guide covers 1) an introduction to company valuation and 2) most commonly used  approaches to company valuation.COMPANY VALUATIONThe valuation, or the price that one party in an MA deal will pay for a company or a business, is, by nature, subjective. There are two parties involved in an MA deal: the acquiring company and the company being targeted for acquisition. Thus, it comes as no surprise that the value of a company will be seen from two perspectives.Seller’s point of view â€" The seller, or the shareholders of the target company, would want to value the company at the highest possible price, so they can get a higher premium.Buyer’s point of view â€" The buyer, or the investors or shareholders of the acquiring company, would want to get the target company for the lowest possible price, so they can maximize their returns later on.But what is the importance of determining what the target company is worth?As mentioned earlier, the main reas on why a company valuation should be done is that the investors or the acquiring company will know if the purchase will be beneficial to them, and eventually decide how much to offer for the target company.Complexity of ValuationYou may think that valuation is straightforward, as long as you have all the numbers and the source data. As it turns out, it is a far more complex exercise than that. What does it involve?Valuing the target company: This is the technical part, where you will have to choose a method to calculate or estimate the company’s worth. It also often involves looking into the target company’s financials.Synergy: Synergy is the potential and additional value that will result from the combination of two firms, or the acquisition of one firm by another. It could stem from the operations of the combined companies, or from financial sources, such as savings from tax and increased capacity to incur and handle debt. In this instance, the investor may opt to prepare valu ation while taking into account the built-in synergies, or the synergies that come with the target company.Control: This pertains to the management of the company. Control will also affect valuation because it is possible that the investor is motivated by control when valuing the company. Thus, they will pay more attention to the investment, dividend and financing policies at work. The extent to which they would look into the financials of the target company will also be influenced.Contributing Factors to MA ValuationIn company valuations, there are several factors that come into play. While there are some who are of the belief that valuation is purely a financial or mathematical exercise â€" where only equations and numbers matter â€" it is important to note that there are other, non-mathematical factors that affect it. Although the numbers resulting from a computation provide a starting point for the determination of the valuation, there are other items that should also be taken i nto account.The meeting point of cash flow and time. How long is the period needed in order for the acquiring company to get back its cost of investment, or the price that it paid for the purchase of the target company?The inherent risks that come with the target company. The business being acquired is sure to carry with it some associated risks. What are these risks, and how will they figure in the valuation? Will the risks be high enough that it would affect the value that the buyer would be willing to pay for the company?Economic risks faced by the target company. This is looking at the bigger picture, specifically the industry and the economy that the business operates under. Economic downturns are sure to have negative effects on all businesses, and these risks are to be considered when valuing a company’s worth.Potentials of the business. We are talking about the target company’s future prospects. Is it looking good? Are the numbers showing rapid growth and profitability i n the future?Negotiating skills. At the end of the day, valuation will largely depend on how good the parties are at negotiating. This is the reason why many businesses bring in the “big guns”, or the expert negotiators, in order to talk about company valuation.The last item will now bring to light one crucial question: who prepares the valuation?There are two options available: the first one would be for valuation to be prepared internally, (by the acquiring company) and the second option is to have independent professionals do it.Now, which is better? For purposes of objectivity, it would appear that the better option would be to have an independent professional do it. He is likely to be more objective and impartial, thanks to his independent nature. However, there is also nothing wrong with having your own people do it, especially if you are confident that they are knowledgeable, experienced, and more than competent when it comes to MA transactions.The recommendation of most experts in MA would be to do both, meaning that investor should prepare its own valuation, and have another valuation prepared by an independent professional. The two valuations may then be compared, and it will be easier to identify gaps or differences that can be easily bridged between the two perspectives.The 4X to 6X Valuation RangeSpeaking in general terms, there is a simple valuation range that is used in valuation:                                                                                             4x to 6x EBITDAIn the above range, EBITDA is the net earnings left over when you deduct expenses from revenue, excluding interest, taxes, depreciation and amortization expenses.Say, for example, that a target company has EBITDA of $5 million. This would lead to a valuation of $20 million to $30 million.Take note that 4x to 6x is just the range, with the average, 5x, seen as the generally accepted industry standard. The 6x multiple is not the ceiling, however, because there a re instances where it can go above 6x. This is in the case of businesses that are highly profitable or show very rapid growth potential in an industry that is equally dynamic and promising when it comes to growth and profitability. Of course, we also cannot rule out the possibility that the negotiators may be so good at their jobs that they can raise the valuation â€" and negotiate it â€" at multiples higher than 6x.APPROACHES FOR PREPARING VALUATIONThere are more than several procedures used by companies to prepare valuations that are later used in various business transactions, not just MA. However, we can categorize these procedures into three valuation approaches.ASSET-BASED ApproachIn this approach, the attention is mostly on the assets of the target company. It is the approach that is chosen when the target company has a very low, sometimes even negative, value, particularly in terms of its status as a going concern. It could be that the company is not really making profits at all, or have sustained operating losses in recent years, so it shows no strength when it comes to profitability. Thus, the acquiring company would value it based on its assets instead of income. In short, it is the target company’s assets that will be valued separately.Many say that this approach provides the minimum benchmark when it comes to valuation in MA, and that is true. The method of purely basing the value on the assets of the company often results in the lowest valuation, even in the case of a target company that is doing relatively all right in making profits.Some of the most common procedures are:Net Asset Value Method: Net Asset refers to the remaining equity of the target company after its assets and liabilities have been adjusted to reflect the fair market value. That net value is the value of the business. In accounting, Net Asset is equal to Assets less Liabilities.Liquidation Value Method: The valuation of the company is equal to its liquidation value, or the pr esent value of the estimated proceeds from liquidating all its assets, after paying off its liabilities and other mandatory expenses.INCOME-BASED ApproachThis approach holds that the value of the company is equal to the present value of all the future benefits (income), after considering the inherent risks to these benefits, to the acquiring company. A discount rate will be applied in order to arrive at the net present value (NPV) of the company’s future income. It essentially answers the question: “how much should the investor pay today in order to receive a certain amount in n years?” Or “how much should the investor pay today in order to receive periodic, regular income amounting to x over a period of n years?”The most common procedures are:Capitalization of Earnings: This procedure requires looking into the historical earnings of the target company, and normalizing them in consideration with inherent risks that affect the growth of the company’s future income.Discoun ted Future Earnings: The projected future earnings of the target company is not really considered much in this method, since the acquiring company will discount that amount back to its present value.MARKET-BASED ApproachThis is a broader approach, since the valuation is with respect to the value of other, similar companies within the same industry and economy. In most cases, the comparison is made on several similar aspects of the companies, not necessarily the overall value. Compared to the Asset- and Income-based approaches, this is the one that is more commonly used in MA transactions.There are two variables that come into play:The companies to be compared. For companies to be comparable, they have to have similarities or parallelism. One way would be to narrow things down by comparing companies that belong to the same industry as the target company. Of course, it would not make sense to compare, for MA valuation purposes, an international airline carrier company to a fast-food c hain, even if it also operates internationally. In the same vein, it would also be more prudent to compare a publicly traded target company with other publicly traded companies. This also applies to size, since it does not seem fair to compare aspects of a multinational company to a domestic one.Aspects of the companies to be compared. Not all aspects of the companies will be relevant in valuation preparation. You have to choose those aspects that actually have an impact on the value or worth of the company. For example, the aspects to be compared may be their annual earnings, the total gross revenue, or even the book value of their capital assets.METHODS OF VALUATIONAlthough the 4x to 6x multiples are widely used by many businesses and even some of the tools mentioned in the three approaches, there are other methods or tools that are commonly used to assess the value of target companies.1. Price-Earnings Ratio (P/E Ratio) MethodComparative ratios have proven to be very useful in va rious financial analysis, and they also come in handy when it comes to MA valuation.In this method, all the stocks of companies in the same industry are analyzed in order to get a good picture of the P/E ratio of the target company. The acquiring company will value the target company, and make an offer that is a multiple of the latter’s earnings.2. Enterprise-Value-to-Sales Ratio MethodThe buyer will make an offer using a multiple based on the sales of the target company. Usually, the multiple is arrived at after conducting a study on the prevailing price-to-sales ratio of other companies within the same industry.3. Replacement Cost MethodIn this method, the target company will be valued at its replacement cost. Replacement cost is defined as the “cost to replace the assets of a company”. In this context, it means the “cost to replace the target company itself”. A simple example would be when the investor makes an offer that is equal to the value of the capital assets and equipment, as well as the staffing and personnel costs of the target company.The downside for this method is that it is limited to companies whose assets and operations are purely quantifiable. Service providers are much harder to quantify in terms of their replacement costs.4. Discounted Cash Flow MethodThis method will have the preparers of the valuation taking a closer look at the target company’s estimated future cash flows, specifically the free cash flows. It will basically predict the free cash flows, based on historical cash flow data, and the estimated amount will be discounted to its present value, using the target company WACC, or weighted average cost of capital.Watch this video to learn more about the discounted cash flow method. For purposes of computation, free cash flows is computed:Operating Profit100Add back:Depreciation Expense10Goodwill Amortization515Total115Deduct:Capital Expenditures(12)Taxes (paid in cash)(4)Change in working capital(4)(20)Free Cash Flows                95Having so many methods available, with each of them having their own pros and cons, can be quite confusing for companies involved in MA, and there is a chance that that choose the wrong method and subsequently come up with a valuation that is not truly representative of the company’s worth. That is why there is a need for everyone to work together in choosing which method is most applicable.Ultimately, it is important to know that the value or worth of a company in any MA transaction is that amount which a buyer and a seller willingly agree on, leading them to conclude the transaction and close the deal. There are two elements that must be present: the buyer is willing to pay for it, and the seller is willing to accept that payment at that amount.So you have the numbers and the figures, backed up by the recommendation of MA experts and independent professionals. Due diligence investigation has been conducted thoroughly, and you were finally able to come up with a v aluation. Will this be enough to green light the deal?For some, perhaps the answer is yes. However, there is one other ingredient that should never be left out, and that is Common Sense. The investor should always exercise common sense and professional judgment, in combination with the cold and hard facts and numbers, in order to decide whether the valuation truly reflects the target company’s worth.

The Reasons Why You Need to Study Global Business

Global business is a term used to describe both international trade and the act of a company doing business in more than one area (i.e. country) of the world. Some examples of well-known global businesses include Google, Apple, and eBay. All of these companies were founded in America, but have since expanded to other areas of the world. In academics, global business encompasses the study of international business. Students learn how to think about business in a global context, meaning that they learn about everything from different cultures to the management of multinational businesses and expansion into international territory. Reasons to Study Global Business There are lots of different reasons to study global business, but there is one primary reason that stands out among all of the others: business has become globalized. Economies and marketplaces around the world are interconnected and more interdependent than ever before. Thanks, in part, to the internet, the transfer of capital, goods, and services knows almost no boundaries. Even the smallest companies are shipping goods from one country to another. This level of integration requires professionals who are knowledgeable about multiple cultures and able to apply this knowledge to selling products and promoting services around the world. Ways to Study Global Business The most obvious way to study global business is through a global business education program at a college, university, or business school. There are a number of academic institutions that offer programs focused specifically on global leadership and international business and management. It is also becoming more common for degree programs to offer global business experiences as part of the curriculum -- even for students who are majoring in something like accounting or marketing rather than international business. These experiences may be known as global business, experiential, or study abroad experiences. For example, University of Virginias Darden School of Business provides MBA students with the opportunity to take a 1 to 2 week themed course that combines structured classes with visits to government agencies, businesses, and cultural sites. International internships or training programs can also provide a unique way to immerse yourself in global business. The Anheuser-Busch company, for example, offers a 10-month Global Management Trainee Program that is designed to immerse bachelor degree holders in global business and allow them to learn from the inside out. Top-Notch Global Business Programs There are literally hundreds of business schools that offer global business programs. If you are studying at the graduate level, and youre interested in attending a top-tier program, you may want to start your search for the perfect school with this list of high-ranking programs with global experiences: Stanford Graduate School of Business - At Stanford, every MBA student is required to participate in global experiences to increase their knowledge of international business and management. While participating in the schools Global Management Immersion Experience (GMIX), students live and work in another country and learn about global business through complete immersion.Harvard Business School - Harvard curriculum combines the case method with the field method. Part of the field method involves global intelligence, which requires students to gain real-world experience by developing a new product or service for one of Harvards global partner organizations.Kellogg School of Management at Northwest University - Kelloggs global MBA curriculum requires students to partner with other international students to gain an understanding of international markets and develop market-based growth strategies for international organizations.

The Pros And Cons Of Marijuana Legalization - 1226 Words

What is Marijuana? According to Dictionary.com, Marijuana is, â€Å"a preparation made from the dried flower clusters and leaves of the cannabis plant, usually smoked or eaten to induce euphoria†(marijuana). Marijuana, also known as â€Å"Mary Jane†, is drawn out to be an extremely horrible, life-ruining drug. Children learn that marijuana is a â€Å"gateway† drug and that it only does harm. Though it can be quite addictive, Marijuana is safer than commonly used drugs like Tobacco and could possibly be more helpful medically than many of the prescription drugs currently available. The legalization of Marijuana would have an extremely advantageous effect on the economy, healthcare, and focus of police on more violent criminal activity of the United†¦show more content†¦She says that the states legalizing â€Å"Mary Jane† need to make sure its positive effects outweigh the negative effects with research over many things that could possibly be M arijuana induced. In some ways, she is correct. Areas that are legalizing Marijuana need to make sure it is used correctly, as Alcohol is. If an increase in crime rate or DUIs is seen, and the culprits test positive for THC, then Marijuana legalization may have to be repealed because of dangerous effects on communities. As Janne Nikkinen stated, â€Å" In the US, legalization of marijuana has been accomplished by using gambling as model how to gain acceptance for addictive product, and use of tax revenues seems to follow at least first the pattern developed for lottery proceeds,† (Nikkinen 476-484). Jane Nikkinen displays the addictiveness and tax revenue of Marijuana in comparison to the addictiveness and tax revenue of gambling. In gambling, you just want to keep betting more and more money even though you may be losing tremendous amounts. It’s similar to the United States’ 20+ Trillion debt (we just keep on borrowing even though we are already have a c olossal debt looming over our heads). Likewise, Marijuana can become immensely addictive to regular users making it so that they just want it increasingly more often. The tax revenues are similar because the government makes a ton of money off of both gambling and legal Marijuana sales, so the addictiveness is not presented asShow MoreRelatedThe Pros And Cons Of Legalization Of Marijuana715 Words   |  3 PagesMarijuana legalization is a controversial subject with many different problems and solutions. Marijuana has benefits and disadvantages to using it (and many viewpoints on said pros and cons) so one person cannot be the only authority on the subject. Marijuana could possibly be used as a medicine, and although legalizing marijuana could have some benefits, the action could have serious repercussions. The legalization of medical marijuana could have positive benefits to the United States governmentRead MorePros And Cons Of Legalization Of Marijuana784 Words   |  4 Pages According to the English Oxford Living Dictionaries (2017), marijuana is â€Å"Cannabis, especially as smocked or consumed as a psychoactive (mind-altering) drug.† Although marijuana is illegal by the federal law, 29 states have legalized the use of medical marijuana, and in 8 states anyone over the age of 21 can buy marijuana (Nathan, D. L., Clark, H. W., Elders, J, 2017, p. 1746). Many Americans tend to experiment with drugs when put in a certain social event, but rarely abuse drugs or become a drugRead MoreThe Pros And Cons Of Marijuana Legalization1442 Words   |  6 Pagesthat plague American society, the issue over the legalization of Marijuana remains as one of the most controversial topics. Marijuana, also known as Cannabis is the most widely used illicit drug in the United States. According t o national surveys conducted by the National Institute on Alcohol Abuse and Alcoholism (NIAAA), â€Å"marijuana use rose from 4.1 percent to 9.5 percent of the U.S. adult population in the past decade.† The increase of Marijuana use created an ongoing debate over whether it shouldRead MoreMarijuana: For Better or For Worse?1740 Words   |  7 PagesMarijuana is a harmful drug and should not be legalized. Marijuana is the most commonly used illicit drug used in the United States. It is a plant that grows from the ground however, it contains many harmful toxins. There are many pros and cons for the legalization of marijuana although there are more cons than there are pros; one being that children are the ones who abuse marijuana the most. Surprisingly, against other beliefs, marijuana smoking actually does impair the user’s ability to drive aRead MoreEssay about Should Marijuana be Legalized?968 Words   |  4 PagesShould marijuana be legalized for recreational or med ical use? This is a debate that has been happening for quite some time and this is not just a debate that is happening among people. There are many that have taken sides including medical personal and government officials. Currently in the United States there are two states in which recreational use of marijuana is legal; Colorado and Washington. There are three states currently that have pending legislation to legalize recreational use; CaliforniaRead MoreLegalizing Marijuana For Recreational Use1362 Words   |  6 Pageslegalize marijuana for recreational use. Similar to the age limitation set for buying and consuming alcohol and smoking of tobacco products, Colorado has set the age limit for recreational use for adults who are at least twenty-one years of age and over to use an ounce of this drug. According to the drugabuse.gov website, the drug marijuana is defined as a greenish-gray mixture of the dried, shredded leaves and flowers of Cannabis sativa—the hemp plant. After two years of legalizing marijuana, ColoradoRead MoreMarijuana: Drug or Cure? Essay1191 Words   |  5 Pageshappens to be over the legalization of Marijuana. As of 1970 with the passing of The Controlled Substances Act the Federal Government officially classified marijuana as a schedule 1 drug with no real accepted medicinal use at the time (History of Marijuana). As the capabilities of science have progressed over time more and more scientific challenges have bombarded this decision so that more tangible research can be garnered from this plant. The earliest known mention of marijuana as a recreationalRead MoreShould Marijuana Be Legalized? Essay1372 Words   |  6 PagesLegalization of Weed Growing up, everyone is told that, â€Å"Drugs are bad for you,† time and time again. Now as a kid you don’t really understand the reasoning behind it, but you listen to your authority figure regardless. I remember being told this my entire life and even to this very day. But as I got older I realized that people would still use drugs even though it’s illegal. I could never understand why someone would go against the law and jeopardize their life just to use drugs? The drug thatRead MoreEssay Astonishing Statistics of Marijuana Use in Minors1539 Words   |  7 Pagesmillion Americans ages 12 and over have reported to using marijuana at least once within the previous year. That number alone is an astonishing statistic on marijuana users. Although marijuana has been a drug with increasing popularity especially throughout the past couple of years due to the legalization in some states. In November of 2012 history was made when Washington and Colorado both lega lized marijuana for recreational use. Although marijuana is considered to be a Schedule 1 drug, which means itRead MoreShould Marijuana Be Legalized?1224 Words   |  5 PagesLegalizing Marijuana Many different web pages and read over the information that they provided and this is what is found. The debit for this topic is all over the place some say we should some say we should not legalize marijuana. The three main topics that will going to go more into depth with are the medical benefits, monetary benefits and the renewable benefits. But first, let a bit about marijuana, so other names for it is weed, herb, pot, grass, bud, ganja, Mary Jane to name a few. Marijuana can be

Ready to Eat Food Free Essays

NEW ERA OF INDIAN READY TO EAT FOOD (RETORT FOOD – Having shelf life up to 18 months) Sanjeev Bhanga BRIEF India has made lot of progress in agriculture food sectors since independence in terms of growth in output, yields and processing. It has gone through a green revolution, a white revolution, a yellow revolution and a blue revolution. Today, India is the largest producer of milk, fruits, cashew nuts, coconuts and tea in the world, the second largest producer of wheat, vegetables, sugar and fish and the third largest producer of tobacco and rice. We will write a custom essay sample on Ready to Eat Food or any similar topic only for you Order Now Now the time is to provide better food processing its marketing infrastructure for Indian industries to serve good quality safest processed food like ready to eat food. It is opening a new window in world scenario as far as taste acceptance is concerned. Therefore, Indian Government is providing more infrastructure for this sector. Excise duty is now ZERO % on RTE and 100 % tax deduction for the first 10 years for new units. This allows manufactures to bring down their prices spreads its flavors to the world. The retort processed foods do not require rehydration or cooking and can be consumed straight from the pouch with or without pre-warming, depending upon the requirement of the users and the weather conditions. These foods meet the specific needs of convenience, nutritional adequacy, shelf stability, storage, distribution to the centers and have become very popular after the Year 2002. Some of the mouth-watering dishes in retort pouches include sooji halwa, upma, chicken curry, mutton curry, fish curry, chicken madras, chicken kurma, rajma masala, palak paneer, dal makhnil, mutter paneer, potato-peas, mutter mushroom, vegetable ulav chicken pulav, and mutton pulav, etc. The pioneer introduction of retorting technology has made the sale of ‘Ready-to-Eat’ food products commercially viable with great taste. CONCEPT †¢ Ready to Eat Meals like already cooked or prepared lunch dinner are relatively new products which came in market only a few years back and are now sold t hrough retail general stores in especially made sealed aluminum laminates. †¢ The retorting or sterilization process ensures the stability of the Ready-to-Eat foods in retort pouches, on the shelf and at room temperature. The application of sterilization technology completely destroys all potentially harmful micro-organisms, thereby making sure that the food product has a very long shelf life of over 12 months and needed no refrigeration. †¢ When customer needs to eat, the food item pouch is either put in microwave oven to warm it or keep in heated water for a few minutes and then serve to eat. †¢ Such ready to eat meals have been especially given to soldiers in army of many countries who require carrying their rations while on war front or while located far away from their main unit. The advertisements like, â€Å"Hungry Kyaa† are adding zest to the market by popularizing such food items which are precooked and free from any preservative, and yet have a long shelf life of over 12-months. These food items are normally selling in pouches, well packed in cardboard printed boxes of small book size and carry about 300 grams of cooked food at a price of about Rs. 40 to 200 in foreign marke t depending upon the type of dish packed. One packet of vegetable dish is normally sufficient for one meal for three persons and therefore falls in economic zone of consumer’s preferences. WHY READY TO EAT FOOD Globalization of Indian food and its culture are the core factors for popularization of ready to eat foods. Main motivation for these ready to eat foods is fast growing foreign market. Retail outlet culture is now growing rapidly in India. Shelf life of these foods are at least 12-18 months. Quality, Taste and Flavor of these foods remains as good as fresh up to the expiry date. Women wanting to spend more time out of the kitchen. More working bachelors staying away from homes. Cost effective in comparison to the Indian cuisine served by the restaurants in foreign countries. TYPES OF READY TO EAT FOOD Veg Food Alloo Matar Palak paneer Sarso Ka Saag Chana Masala Kadi Pakora Cheese Tomato Dal Makhani Rajma Masala Non Veg Food Chicken Curry Butter Chicken Karahi Chicken Mughalai Chicken Mutton Masala Mutton Korma Karahi Mutton Mutton Biryani Deserts Gajar Ka Haluaa / Sugi Ka Haluaa / Milk Kheer PLAYERS IN READY TO EAT FOOD MTR Kohinoor Foods ITC Haldiram Tasty Bites RETORT ITS PACKAGING The water RETORT is an equipment or vessel or sterilization module through which steam (at 130 degree centigrade for 25 minutes) is applied on food products packed in retort pouches. The retorts use water or steam/air combination as processing medium to heat the container/packages. Compressed air or additional steam is introduced during the processing cycle to provide the overpressure (any pressure supplied to the retort in excess of that which can be normally achieved under steam at any given retort temperature). Overpressure is important in preventing package damage or loss of seal integrity (like bursting), during the heating process. Retort pouches is a flexible packaging material that basically consist of laminates or bounded layers of different packaging films of Polyster-Nylon-Aluminium-polypropylene that can withstand high process temperature pressure. Their most important feature is that they are made of heatresistant plastics unlike the usual flexible pouches. This makes the retort pouches unique which are suitable for the processing of food contents at temperatures around 120 degrees Celsius. That is the kind of ambient temperature prevalent in the thermal sterilization of foods. There is lesser time to spend in cooking food themselves and so ready to eat foods are preferred. To get the food of different cultures, taste etc, it is important that food has good shelf life so that it can be made available at far off places too and then can be conveniently consumed also. ADVANTAGES OF RETORT PACKAGING †¢ Pouch laminates permits less chance to overcook during the retorting thus products having better color, texture less nutrients loss. †¢ It requires less energy for sterilization. †¢ It requires less disposal storage space. †¢ Low oxygen moisture permeability. Shelf stable for longer time requires no refrigeration. †¢ Sun light barrier, light weight, easy to open. MARKET ITS GROWTH The popularity of ready to eat packed food now is no longer marks a special occasion. Peoples want value for time, money in terms of quality and variety. The food processing industry is one of the largest industries in India and it is the ranked fifth in te rms of Production, Consumption, Export Expected growth. Processed food market in India accounts for 32% that is Rs. 1280 billion or 29. 4 billion US $ in a total estimated market of Rs. 990 billion or 91. 66 US $. Euromonitor International, a market research company says that amount of money Indian spend on ready to eat snacks food is 5 billion US $ in a year while on abroad Indian or Indian subcontinents spend 30 billion US $ in a year. Ready to eat packaged food industry is over Rs. 4000 crore or 1 billion US $ and it is growing at the rate of 20 % per annum. Ready to eat food market is developing specifically in UK, USA, Canada, Gulf South Asian Countries with the growth rate of over 150 % per annum. FREQUENTLY ASKED QUESTIONS What is retort packaging? Retort packaging is a self stable flexible package What is the shelf life of retort food? – The shelf life of a retort package is a year plus. What are the shipping advantages? – A retort package will not break or dent and weigh less. Where do you display the package in the retail store? – You can display at room temperature at any corner of the retail store What are some of the main reasons, a packager of consumer products would like to go from a conventional package material to a flexible retort pouch? – The package provides a flat surface for graphics and text, needs no refrigeration and is microwave compatible. What’s the difference between foil and non-foil retort structures? – Non-foil retort packaging can be put in the micro wave. What about taste of products in a retort package? – People say that products packaged with retort material taste fresher and maintain a more natural flavor. What about shelf appeal? – Retort pouches are more space efficient and provide a larger surface for graphics and text. What kind of food products can be packed in retort packaging ? – All kind of veg Non- veg food products Email: sanjeevbhanga@rediffmail. com How to cite Ready to Eat Food, Papers

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Questions: 1. Identify and explain which of Beckys needs are not being met. 2. How does the interference with these needs effect Beckys wellbeing? Include a description of any coping techniques you have identified. 3. Is time management an issue in this scenario? If so, what changes could be made by Elaine, Becky and the other staff members. Answers: 1.The case study reveals the fact that she Becky had been suffering from low esteem. It seems that Becky had developed a sense of negativity for her own self due to her inability to do the task. Becky was not a very confident child from the very beginning and lacked the ability to decisions. It is evident from the case study that Becky had been appointed at the front desk on the very first day of her job without any prior training. A front desk job in a health care setting is quite hectic and needs training to be handled mindfully as one need to interact with different clients, take hundreds of phone calls and keep records of everything (Orth Robins, 2013). The case study gives the information that the other staffs greeted her at the first place but never stood beside her when she actually needed help. It was her first day and her peers would have helped her cope up with the excess workload. Furthermore it can also be seen that they also did not call Becky to have a chat during the break time. Elaine, who has been the mentor of Becky, accused her for her failure to complete the tasks. It is the duty of a mentor to support his/her student at any cost and teach her how to fight and stay calm during excess workload. Elaine could have given time to Becky to get acclimatized with the surroundings instead of just accusing or abusing her. Anxiety, fear, lack of confidence, unrelenting worries, and incapacitating phobia actually further deteriorated her cognitive conditions day by day and she became the victim to alcohol (Steiger et al., 2014). 2.Workplace health and safety is an important part of providing safety, mental or physical to the employees in the workplace. Using these aspects, employee and employer are able to understand the potential hazards that can harm the working environment and culture as well as affect the wellbeing of staff (Zanko Dawson, 2012). In this case scenario, there were two needs of Becky that were identified as not met, proper training and support and warmth from her colleagues. The job Becky was offered demanded confident and skilled person, who will be able to handle clients and attend queries over phone call. However, Becky was shy and lacked self-confidence and in such situation, she needed support from her colleague to understand the process of front desk management. On the other hand, proper training of the process would also her to overcome her nervousness and fear (Goetzel et al., 2014). Although, without these unmet needs, she was unable to fulfill the requirement of her role and due to extensive pressure her confidence trashed and she broke into tears. Those unmet needs make her silent and quite in the office and accept extra tasks despite of any appreciation. Finally she started using 3 to 4 glass of wine to forget all the negativity she used to face in office that affected her mental and physical wellness. Therefore overall, those unmet needs of Becky led her suffer from mental illness throughout the day. Further, the coping technique she used to overcome the illness was usage of alcohol. This habit made her addict, as every day while returning from office, she started drinking wine to forget the work related criticisms she used to face. 3.As Becky was fresher to any kind of work, she got the skills to perform the job, but lacked the skills to manage the job properly, which is time management. Hence, training was a crucial aspect that was crucial in Beckys case. As training would help her to understand the flow of task, maintaining which, she could be able to finish her entire work within the shift hours (Griffin, 2013). However, due to such skills, according to the case scenario, she used to come early to office and work extra hours. Hence, as a mentor of Becky, Elaine should take a session with Becky and discuss her problems regarding work and time management. Further, she should teach Becky the importance of prioritizing work, organizing important files and set goals for each day, which are important aspects for time management for any employee. On the other hand, Elaine should also ask other employees to help Becky with her work, as proper communication with employees would ease Becky and enhance her confidence, which would eventually help her to attain her targets (Ten Brummelhuis Bakker, 2012). Furthermore, for the initial stages, Elaine should delegate tasks to Becky that demands less communication and excess individual work. Successful completion of individual works would help her to gain confidence and she would able to perform other tasks gradually. Therefore Elaine, Becky and entire staff should focus on these changes for the issue of time management. References Goetzel, R. Z., Henke, R. M., Tabrizi, M., Pelletier, K. R., Loeppke, R., Ballard, D. W., ... Serxner, S. (2014). Do workplace health promotion (wellness) programs work?.Journal of Occupational and Environmental Medicine,56(9), 927-934. Griffin, R. W. (2013).Fundamentals of management, 7th Edn, pp. 123-145, Cengage Learning. Orth, U., Robins, R. W. (2013). Understanding the link between low self-esteem and depression. Current Directions in Psychological Science, 22(6), 455-460. Steiger, A. E., Allemand, M., Robins, R. W., Fend, H. A. (2014). Low and decreasing self-esteem during adolescence predict adult depression two decades later. Journal of personality and social psychology, 106(2), 325. Ten Brummelhuis, L. L., Bakker, A. B. (2012). A resource perspective on the workhome interface: The workhome resources model.American Psychologist,67(7), 545. Zanko, M., Dawson, P. (2012). Occupational health and safety management in organizations: A review.International Journal of Management Reviews,14(3), 328-344.