Botox injection for cometic use Essay Example | Topics and Well Written Essays - 1750 words

Botox injection for cometic use - Essay Example Botulinum toxin,popularly known by its trade name Botox, is a protein and neurotoxin developed by the bacterium Clostridium botulinum.Botox is used for several medical as well as cosmetic procedures. Today, Botox injection that consists of a small dose of botulinum toxin is used for a variety of cosmetic applications. Botox injection is widely used to paralyze facial muscles for the purpose of preventing the development of wrinkles According to a report published by the American Society of Plastic Surgeons, Botox based cosmetic operation was most common in the US with 4.6 million procedures as of 2007 (Botox, n. d.). Although side effects of the Botox injection’s many cosmetic applications are still debated, the use of Botox injection for cosmetic purposes has been increasing steadily. This paper will explore the potentiality of the Botox injection in cosmetic applications using the Porter’s Five Forces Model concept. Five forces Forces driving service area competition Conclusion Intensity of rivalry Allergan Inc and Medicis are the two main companies involved in the distribution of Botox in the US. Botox injections are sold across the world despite geographic differences or medical culture. Data indicate that Botox injection was used in nearly 4.6 cosmetic operation procedures in the US as of 2007. The same trend can be seen through the global nations, particularly developed nations. Over the last few years, a growing beauty conscious culture in the Europe assisted the Botox market to achieve tremendous growth rate despite the worse effects of the sovereign debt crisis. It is interesting to note that the Botox achieved a fabulous growth rate when many other leading drugs and pharmaceutical products failed to even maintain their growth levels. Market experts anticipate that Botox sales would continue to grow because of the product’s rapid effects and growing concerns over appearance. Online market for Botox has also been performing well ove r the last few years. Since it is very easy to purchase Botox products from any parts of the globe using internet, today Botox manufactures focus more on the online sector. In the United Kingdom (as cited in Qureshi, 2009), Botox clinics generally charge from ?110 to ?400 an injection. For beauty conscious Europeans, it is not a huge price. Hence, the sales (both physical and online) of Botox injections are likely to grow over the coming years unless there is no effective alternative developed. High While analyzing the Botox market worldwide, it is obvious that competition in the Botox market continues to grow despite the recent global economic slowdown. Rivalry is likely to remain intense in the Botox market as there is no effective alternative to Botox injection yet. Threat of new entrants Although Botox injections are very well known for their cosmetic uses, only a few of the cosmetic applications of the Botox have been approved by the US Food and Drug Administration. The FDA is still researching short term as well as long term side effects of Botox injection’s cosmetic use. The two major Botox distributors in US, Allergan Inc. and Medicis have been constantly in the new as a result of their involvement with Botox products. In 2008, Botox users filed a lawsuit against the Allergan Inc. arguing that the organization had not properly communicated the dangers of Botox injections to users. The lawsuit mainly resulted from a woman’s death as a result of use of Botox for cosmetic reasons. Subsequently, public interest group including Public Citizen complained against the Botox products for their life threatening complications. As a result, FDA required the Botox distributors to issue black box warning (it is the strongest safety measure taken by the FDA) for all Botox products. Hence, these legal complexities associated with Botox injection distribution would persuade new marketers not to enter this business field. Similarly,

Role of Shareholders Essay Example | Topics and Well Written Essays - 3000 words

Role of Shareholders - Essay Example However, state laws and company bylaws determine the areas in which shareholders are entitled to vote Shareholder powers One of the main areas where shareholders are generally entitled to use their power is the election of the board members who are the â€Å"agents† of the corporation. The board of directors â€Å"acts on behalf of the shareholders† and is responsible for the maximization of shareholder value by incorporating appropriate policies through the managers they select for corporate operations (Reference for Business 2012). Any fundamental change which the organization plans to incorporate needs to be approved by the shareholders before implementation (Miller 2012). This implies that they have the power to approve a merger, change or amend the articles of incorporation of a firm, affect the sale of all or part of the company’s assets or even approve the dissolution of the corporation (Ronen and Yaari 2007). However, in many of such decisions prior board approval is required. They not only have the power to choose the members of the board of Directors but also to vote against them if found to be inefficient and remove them from the board. Generally a director is removed if there is sufficient cause for voting him out. However, certain state statutes and corporate articles allow their removal without any cause (Miller 2012). This means that if majority of shareholders feel that a particular director is not required, they can vote him /her out of office without giving any justification for their action. Shareholders can impact a company policy by proposing their own ideas for shareholder vote. However, for this they need to present their idea to the board of directors and ask them to distribute it to all the shareholders before the shareholder meeting by including it in the proxy papers sent to them (Miller 2012). However, this power is limited by the fact that SEC (Securities and Exchange Commission) has set a limit to who can forwa rd these proposals. As per SEC, only those shareholders who have stocks worth at least $1000 can submit such proposals (Miller 2012). This submission is also limited by the fact that the proposal should be related to some noteworthy policy concern and not any ordination day to day operational consideration (Ronen and Yaari 2007). Thus, we can see that though the shareholders have the powers to affect change, they are limited in their use of power. In general, each shareholder has voting rights in proportion to the number of shares held by him/ her. However, the company can limit the voting rights of certain categories of shareholders (Miller 2012). For example, most organizations do not give voting rights to preferred shareholders. The companies can do this by incorporating the same in the articles of incorporation. However, if the laws of the State of operation do not allow such provisions, then the organization has to abide by the law. Some times preemptive rights are granted to s hareholders. This gives them the right to subscribe to the â€Å"same percentage of new shares being issued as they already hold in the company† (Miller 2012). This helps them to maintain their â€Å"proportionate control† over the organization in terms of voting power and financial interest (Miller 2012). The implication of this right is significant when the organizati

Presentation Essay Example | Topics and Well Written Essays - 1250 words

Presentation - Essay Example Lis poetry has survived through the years and has gained imperishable popularity not only in China, but also developed a good influence in the Western world through translations. This discussion will be about the literary components and illustrations of Li Bai’s poems, particularly focusing on the way he has handled each of his poems, depicting its theme and primary images. The aesthetic sense in his poetic descriptions along with his recurring theme of nature is discussed in detail. Li Bai was born in Sichuan province, in what is now Central Asia, in 701 A.D. In his early years, he led a carefree life as an itinerant wandering throughout China with his companion and co-poet, Du Fu. Living during the mid-Tang Dynasty, which was called the ‘Golden Age of China’, he was influenced by Taoist thoughts. He wished of becoming an official in the dynasty but his family heritage did not provide enough opportunities for it. However, in 742 A. D., he was introduced to the emperor Xuanzong, as a fabled carouser who fascinated the public and aristocrats through his poetic skills. Even though he had little academic knowledge, he was appointed to the Hanlin academy by the Emperor. As a prestigious poet to the ruler, he settled with the Emperor making poetry for him and the academy. However, the revolt, which occurred soon after his elevation, exiled him out of the position. Being a superfluous imaginative poet, his death was also romanticized by a fable in which h is attempt to catch the moon’s light in a river led to his drowning. But, actually he is believed to have died because of his excessive drinking. Li Bai was indeed a legendary poet, with fanciful thoughts and inimitable adeptness in poetry skills. His poems covered a wide spectrum of human emotions and life with in-depth expressions through powerful language delivery. He was indeed a prominent figure in Chinese poetry

Foreign Direct Investment in Developing Countries Essay

Foreign Direct Investment in Developing Countries - Essay Example The current global climate relies heavily on the existence of Foreign Direct Investment as a determining factor in the economic growth of any region. However, questions remain as to why there are certain pockets of countries where FDI seems to be flourishing, while others are vying for attention in this regard. There are many statistics that point to this (Vaknin, 2007, np). For example, only one third of the developing and poor nations get any forms of FDIs, and these are perhaps the neediest ones. Also, the contribution of the FDIs in the global economy is not even five percent. Then why is it considered as the next wave of development and a ray of light for poor nations' development FDIs have been strongly criticized for seizing the local talent of a country, preventing local growth, and thereby further reducing the economic development. Alongside, the other political, social and legal ramifications are amongst others in the list of problems associated with FDI (Vaknin, 2007, np). These and other such arguments have been raised in the past at the time when FDIs were being introduced for the first time across the world, and many critics still believe that such actions are leading to overall negative impacts in the long run on the poor countries. Foreign Direct Investment is defined as "investment in domestic structures, equipment and organization by foreign private sector or government. FDI does not include foreign portfolio investment in a domestic economy. The latter refers to investment in equity of domestic companies by foreign economic agents" (Kumo, 2009, np).On the other hand, there are many examples showing FDI as a potential source of success in the economy of a developing country. India for example, has become one of the world's favorite in gaining FDIs (Bhaumik et al, 2003, pp 2 and 3). The IT sector is one of the most prominent examples, which have jumpstarted India's GDP to one of the largest in the developing world. These and many such shining examples are now showing that FDIs can play a very important contributory role in improving the economic prosperity of poor nations. The initial skepticism is now giving way to acceptance and even appreciation of FDIs as research results show improved economic outcomes w ith the introduction of multinational companies and foreign investments over loans.Education is another recently discovered successful area where FDIs are taking place in India. Although critics pose questions about the cons of the education FDI in terms of personal gains instead of the gains for the country, so far, these investments are providing countries with a rope to hang on to, where others are sinking (Bhaumik et al, 2003, pp 4). The number of researches conducted on the beneficial effects of FDIs outnumber those that critic them. FDIs have been so far found to directly improve the financial and educational sectors of a country (Alfaro et al, 2007, pp 7). These countries are termed as the host countries. Researches show that those countries with good links between the final and intermediary industry sectors as well as good human capital are likely to get more FDIs (Alfaro et al, 20

E-Business is Better if Localized Essay Example | Topics and Well Written Essays - 2500 words

E-Business is Better if Localized - Essay Example Technological advancement and the introduction of computer-driven technologies in the business landscape have influenced how business is managed today. Computer-driven technologies are making it possible to turn out small runs of increasingly customized goods aimed at niche markets. Smart companies are moving from the production of long runs of commodity products to short runs of "higher value added" products (Toffler,1990,p.52). Financial markets are not spared from the upheaval. World capital markets throughout the globe are now interlinked via satellite, networks and technology. Globalization has linked formerly independent economies. When a cataclysm occurs within a globally linked financial system, the entire global market feels the ripples of the event. Businesses are no longer isolated entities that operate autonomously. Business environments are changing rapidly because of several factors. These changes make it difficult for companies to meet the challenge while using traditional business models. Barabba (1998,pp.34-59) attributes these three phenomena as factors of change: 2. Communications technologies improve and enable businesses to acquire deep and broad external knowledge of markets, allowing them "to better sense changes in customer requirements." These technologies will also allow companies "to Innovatively serve those markets."; and 3. "Technology is redefining the nature of competition." Murphy (1998) describes "a new business model or paradigm that he calls alternatively" an "internetworked (virtual) enterprise" or "extended enterprise." These new enterprises "encompass channel partners, remote workers, suppliers, distributors, and consumers through a secure Web-based global network." (ij and Saarinen,2001). Infrastructure to support this new development is provided by the Internet. The Internet allows companies to become decentralized and operate within the digital environment. To make this model work, this type of business organization must link all business functions (supply, purchasing, manufacturing, operations, transportation, financing, accounting, personnel, sales, and customer service), "all stakeholders (business partners, suppliers, service and technology providers, distributors, retailers, outsourcing partners, remote workers, and customers, competitors, financiers, and regulators), and all organizational capabilities (information system, self-regulatin g and self-organizing organizational structure, and reinvented virtual supply chain)" (ij and Saarinen, 2001). This is to create a holistic business approach in the digital milieu. The new business paradigm created by three new classes of business model -

Importance of Maintaining Accurate Financial Statements Research Paper

Importance of Maintaining Accurate Financial Statements - Research Paper Example The paper will explore why accurate financial statements are important for outside business interests Customers Customers are external parties that deal with the company by purchasing its products and services and are therefore interested in the financial statement of a company that needs to be accurate. Customers would be interested in the accurate financial statement for them to be able to know how the company spends its funds and manages its debts. Accurate statement of financial position and statement of comprehensive income will show the customers how the company is performing in terms of the profits the company makes relative to the debts it incurs, or the amount the company spends on its marketing strategies in comparison with operations (Horngren, Harrison & Oliver, 2012). A customer would be interested in the financial statement for them to be able to gage whether the company is profitable and would continue as a going concern. If the financial statement reflects that the co mpany may go under receivership, the customer may get a good picture and strategies on where they will get their products in case the business collapses a\s reflected in the financial statement. ... Customers require that the companies they deal with handle themselves responsively toward the environment and giving back to the society through corporate social responsibility. Therefore, accurate financial statement should contain corporate social responsibility that customers have become increasingly looking for in the company. This is because through financial statement customers would be able to know whether their preferred companies measure the overheads, returns, and their impacts on corporate responsibility initiative (Williams & Williams, 2006). Customer is always interested in knowing the plans of the management. This can be known only through an accurate financial statement that contains the section of executive manager’s discussions and analysis of what had happen in the past and the future prospects. The management analysis is also considered as one way by which customers who does not understand other parts of the financial statement can gain some important inform ation pertaining to company’s plans. Shareholders The shareholders of a company would also be interested in an accurate financial statement so that they can be able to determine whether their investments are being utilized effectively. This would be reflected in the Statement of financial position. Through financial statement, shareholders would be able to know whether the company is profitable and is likely to pay dividends in the near future or not (Horngren, Harrison & Oliver, 2012). Creditors Creditors just like the customers use financial statements in a number of ways. They use the statement of financial position to know the company’s

Persecution of Muslims in Burma Essay Example | Topics and Well Written Essays - 2500 words

Persecution of Muslims in Burma - Essay Example She remained under house arrest for almost 21 years. However, she was released in 2010 and everybody shifted their focus from Burmese politics to other matters. Burma again caught the attention of humanists all over the world recently because of the ongoing ethnic violence against the minority Muslims by the government and the Buddhists. Majority of the people in Burma are Buddhists even though Muslims constitute a substantial portion of Burmese population. â€Å"The Muslim minority in Myanmar mostly consists of the Rohingya people and the descendants of Muslim immigrants from India and China, as well as descendants of earlier Arab settlers† (Persecution of Muslims in Burma, 2012). It should be noted that financial abilities of majority of the Muslims in Burma are better than the majority Buddhists. This is because of their prominence in business and trades. Buddhists are not at all interested in watching the minority Muslims gaining progress in Burmese politics and business. As a result of that they started violence against Rohingya people to expel them from Burmese territories. â€Å"Credible reports available online suggest that â€Å"It began on 3rd June 2012 when 11 Muslims were killed by the Burmese Army and the Buddhist mobs after bringing them down from a bus† (Hyderi, 2012). Since then hundreds of Muslims forced to sacrifice their lives in front of the fury generated by the Buddhists. One of the most surprising fact about this violence is the stand taken by the humanist and Burmese opposition leader Aung San Suu Kyi. Even though neutral observers all over the world expected Aung to condemn this incidents, to their utmost surprise, she justified these massacres. â€Å"Myanmar Noble Peace Laureate Aung San Suu Kyi says she will not back the minority of Rohingya Muslims that have been persecuted and killed by the majority Buddhists† (Myanmar's Suu Kyi says she can not back Rohingya Muslims, 2012). This paper analyses the details of t he prosecutions of Muslims in Burma. Why prosecutions of Muslims in Burma are happening? â€Å"The Myanmar government and its majority population refuse to recognize Rohingya Muslims as citizens and label the minority of about 800,000 as illegal immigrants from neighbouring Bangladesh, an impoverished state that has shown no willingness to help the Rohingyas† (Myanmar's Suu Kyi says she cannot back Rohingya Muslims, 2012). It is a fact that there are plenty of Muslim states in the proximity of Burma. Pakistan and Bangladesh are Muslim dominated countries whereas India’s northern state Kashmir is also a Muslim dominated state. People from these Muslim states are crossing the borders of Burma and settling in Burma. This process started in the past and continued until recent times. As in the case of other countries, the internal resources are getting reduced in Burma also because of the over exploitation and population growth. Burmese people or the Buddhists do believe th at the illegal immigrants or the Muslims are looting their resources. That is why they started violence against the Muslims recently. They argue that Burma is for Burmese people or for Buddhists; not for illegal immigrants or Muslims. Majority of the Burmese people and the administration believe that all the Muslim population in Burma are illegal immigrant