Wednesday, May 6, 2020
The History of Electronic Medical Records Free Essays
WORK EXPERIENCE Case Manager DS Community Services ââ¬â Nashville, TN ââ¬â January 2013 to Present Responsibilities my responsibilities were to keep all files up to date I made sure that each client had OT, PT and ST plans. I made sure that there physicals and dental was up to date. I did the scheduling as well as monthly reviews on each individual I do risk assessment made sure all filing was done and put files and alphabetical order I fax answer phone calls and copy thing as well as greeting the family and clients when they came in to the office when on ISP meeting and do QA all the notes on each client. We will write a custom essay sample on The History of Electronic Medical Records or any similar topic only for you Order Now Medical Assistant Tennessee Pediatrics ââ¬â Nashville, TN ââ¬â January 2013 to November 2013 Responsibilities scheduling appointments, checking patients in and out, updating patientââ¬â¢s charts, faxing and scanning shot records, assisting Doctors with patients, giving injections and drawing blood, giving CBC, hematology, and running urine analysis, taking vital signs, and a variety of other test that pertain to the needs of the patient Phlebotomist Technician / Receptionist tech CSL Plasma ââ¬â Madison, TN ââ¬â January 2012 to December 2012 phlebotomist there and the receptionist tech I put in data and do vital signs welcome guess when they enter the door and setting up machines DC in which means disconnect donor from the machine can sitting up machines in preparing them for their donations Direct Care Professional Tennessee Family Solutions ââ¬â Nashville, TN ââ¬â March 2010 to February 2012 Ensured the implementation of outcomes, therapeutic plans, programs and service information between the day/school programs. Ensured the implementation of the Individual Support Plans, ISP and documentation and tracked any progress from the ISP plans. Maintained open communicants with legal guardians, advocates, conservator and indepent support coordinator. Ensured consistency of individual skills effectiveness of programming, service objectives daily notes. Monitored all doctor appointments and follow up appointment along with medications forà individuals served. Ensured the home for safety and environmental issues to help to resolve the issues if any were found. Ensured that each individualââ¬â¢s current nutritional and behavior management plan was being carried out Technician Assistant Donaldson Place Caring Rehabilitation ââ¬â 2008 to 2009 Administered and monitored the care of the patients. Ensured active treatment programs were being implemented to meet the need of the patient. Developed behavior support systems to help reduce challenging behaviors of the patient. Encouraged self-development of the patient while they were in the care of the agency. Assisted the activities coordinator with daily activities of the clients. Assisted nurses with passing daily medication to patients. Completed all paper work in a timely manner. Resources for Human Development Care Provider 2008 to 2009 Ensured the daily living skills of the clients were being met. Ensured that all regulations were met for active treatment and for all services provided to the client. Ensured the each client medical and nutritional management plan was being followed daily. Ensured consistency of individual skills effectiveness of programming, service objectives and daily notes. Ensured the home was maintained for the safety of the client. Completed all paper work in a timely manner. Tracked and implemented behavior supports that were needed for the client. COMPUTER AND PROFESSIONAL SKILLS: CPR and First Aid Certified. Unlicensed Professional Medication Administration Certified Proficient with Microsoft office word, Power Point, Excel, Outlook. EDUCATION Medical assistant in M.A Nashville College of medical careers ââ¬â Nashville, TN January 2009 to January 2010 High School Diploma Cornerstone Christian High School ââ¬â Georgia January 2005 to January 2008 ADDITIONAL INFORMATION Five yearsââ¬â¢ experience in the Developmentally Disabled and Mentally. Challenged individuals served. Experienced with proving medical assistanceà to clients while in rehabilitation. How to cite The History of Electronic Medical Records, Papers
Tuesday, May 5, 2020
In The Shooting An Elephant, George Orwell Describes An Internal Essay Example For Students
In The Shooting An Elephant, George Orwell Describes An Internal Essay In the essay Shooting an Elephant, George Orwell describes an internal conflict between his personal morals and his duty to his country?moreover, his duty to the white mans reputation. Orwells decision to kill the elephant is a direct result of oppression. Oppression perhaps goes deeper than the average man would imagine, noticeably hindering even the lives of the oppressors. Orwells moral values are challenged in many different ways, ironically enough while he too was the oppressor. Orwells extraordinary style is never displayed well than through Shooting an Elephant, when he seemingly blends his style and subject into one. Orwell expresses his conflicting views regarding imperialism through three examples of oppression by his country, by the Burmese, and by himself on the Burmese. The British author George Orwell, pen name for Eric Blair, achieved prominence in the 1940s as the author of two brilliant satires. Orwell was born in 1903 in the Indian Village Motihari, which lies near the border of Nepal. Orwells family led a relatively privileged and fairly pleasant existence, in helping to administer the Empire. Although his family was not very wealthy, Orwell later described them as lower-upper-middle class. With some difficulty, Orwells parents sent their son to a private preparatory school in Sussex at the age of eight. At the age of thirteen he won a scholarship to Wellington, and soon after another to Eaton, the famous public school. He wrote documentaries, essays, and criticism during the 1930s and later established him as one of the most important and influential voices of the century. The style of this essay is generally very simple, but it is strong enough to merit numerous interpretations. Orwell uses metaphors to do this: They were watching me as they would watch a conjurer about to perform a trick. Oppression is shown by Orwell through the burden of servitude placed upon him by England: All I knew was that I was struck between my hatred of the empire I served and my rage against the evil-spirited little beast who tried to make my job impossible. Though Orwells handling of his subject is detailed, in the end, he subtly condemns imperialism. Orwell finds himself in a moral predicament no different than the ones placed on the white men in the East. Orwell justifies his actions, solely to avoid looking a fool, driven by the instigation of the Burmese. Imagine yourself in Orwells position: hundreds of Burmese, who speak no English, like an army following behind you, misunderstanding your purpose and expecting a climactic death. What would you do? How would you react? The natives hinder Orwells intentions and thrust upon him their own. Orwell himself, against his will, has oppressed many. British Imperialism dominated not only Burma, but also other countries that did not belong to England. At the time it may appear, from the outside, that the officers were helping the Burmese because they too were against oppressors; however, from the inside, they too were trying to annex other countries,: I perceived in this moment that when the white man turns tyrant it is his own freedom he destroys. In Orwells case the coolie killed by the elephant represents the invasion of Burma by the British. Just as no one can predict the next victim of the elephant, also no one can predict the next victim of the British. Since the coolie is killed it gives Orwell a justifiable reason to kill the elephant. Orwell does not want to be thought of as British, but he does not want to be thought the fool either. George Orwell makes his decision to shoot the elephant appear to be reasonable. Underneath it all he questions his actions just as he questions those of the British. Orwell despised both the British Empire as well as the Burmese natives, making everything more complicated and complex. The elephant represents imperialism; therefore, the slow destruction of the elephant must represent the slow demise of British Imperialism. .u13b861d4843a91dc2069ed1c17ccec97 , .u13b861d4843a91dc2069ed1c17ccec97 .postImageUrl , .u13b861d4843a91dc2069ed1c17ccec97 .centered-text-area { min-height: 80px; position: relative; } .u13b861d4843a91dc2069ed1c17ccec97 , .u13b861d4843a91dc2069ed1c17ccec97:hover , .u13b861d4843a91dc2069ed1c17ccec97:visited , .u13b861d4843a91dc2069ed1c17ccec97:active { border:0!important; } .u13b861d4843a91dc2069ed1c17ccec97 .clearfix:after { content: ""; display: table; clear: both; } .u13b861d4843a91dc2069ed1c17ccec97 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u13b861d4843a91dc2069ed1c17ccec97:active , .u13b861d4843a91dc2069ed1c17ccec97:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u13b861d4843a91dc2069ed1c17ccec97 .centered-text-area { width: 100%; position: relative ; } .u13b861d4843a91dc2069ed1c17ccec97 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u13b861d4843a91dc2069ed1c17ccec97 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u13b861d4843a91dc2069ed1c17ccec97 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u13b861d4843a91dc2069ed1c17ccec97:hover .ctaButton { background-color: #34495E!important; } .u13b861d4843a91dc2069ed1c17ccec97 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u13b861d4843a91dc2069ed1c17ccec97 .u13b861d4843a91dc2069ed1c17ccec97-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u13b861d4843a91dc2069ed1c17ccec97:after { content: ""; display: block; clear: both; } READ: Of vicissitude of things EssayWe can see that Orwell doesnt like himself much because of this incident,and can only wonder how many more incidents such as this, possibly moreserious in nature, could have occurred solely to avoid looking a fool. This summary really made me realize that by his country, by the Burmese, and by himself on the Burmese, Orwell expresses his conflicting views regarding imperialism through oppression.
Thursday, April 2, 2020
America - A Beacon for Democracy free essay sample
The purpose of this paper is to introduce, discuss, and analyze the idea that America is a beacon for democracy. This paper provides an American-centered look at the issue of democracy and how the United States has influenced other democracies in the world. It compares the United States to other pure and impure democracies and draws on the recent September 11th attacks to show how America epitomises this political state. From the paper: Democracy is defined as the free and equal representation of people: the free and equal right of every person to participate in a system of government, often practiced by electing representatives of the people by the people . Ever since King George tried to tax the colonies without allowing them a voice in the English political scene, Americans have fought mightily for their freedom, and for the ability to govern themselves. In doing so, they have also become a beacon for democracy around the world. We will write a custom essay sample on America A Beacon for Democracy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Why? Because Americas democratic system, although flawed, still works.
Sunday, March 8, 2020
How to Compose a Worthy Research Paper on Social Media
How to Compose a Worthy Research Paper on Social Media One can hardly find a person who has never used social media. Twitter, Instagram, Facebook, LinkedIn, WhatsApp, WeChat, and other social platforms let people communicate, find good friends, learn new things, get a job, purchase things, study, learn languages, and do a number of other things. Still, itââ¬â¢s not so easy to find interesting research paper topics on social media. Research paper on social media is a typical academic task for students. Thatââ¬â¢s quite difficult to investigate the topic being addicted to social media. Contemporary students cannot imagine their lives without virtual chatting, likes, and comments. Thatââ¬â¢s why tutors often ask them to write an objective academic paper on the positive and negative influence of social media. How to Start There are 5 things a student should do before starting writing a research paper: Find a catchy issue for the discussion and compose a striking title. For example, you can discuss the following topic ââ¬Å"How to Limit Your Childââ¬â¢s Time on the Internet when You Personally Cannot Spend a Day without Facebook and YouTubeâ⬠. Look for a piece of evidence, facts, and statics on reliable sources. One shouldnââ¬â¢t take information reading someoneââ¬â¢s blog because a person supplies it with subjective data. Such sources lack objectivity and should not be applied to a college paper on social media. Study the requirements of the college and do everything exactly as they ask. Find a proper sample of the paper devoted to social media and study it. Remember that your paper should include some innovation or at least a unique point of view. If you have chosen the topic, done thorough research, learned the requirements, and thought of some original solution to the problem, itââ¬â¢s high time to start writing the paper. Mind Your Structure One should create an outline because it helps to ponder over the problem and create a proper logical structure. Each research paper has its introduction, body, and conclusion. Some papers require bibliography and appendices. The introductory part should also have a thesis statement. It usually consists of one or two sentences and reflects the key issue of the problem. For example, ââ¬Å"People spend up to 9 hours per day messaging and viewing posts on social platforms. There must be places which prohibit the use of social media in order to prevent Internet dependency.â⬠All parts of the paper should support the main idea given in the thesis statement. So, the introduction should give the statistics or some facts proving that many people depend on the Internet and that there should be some way out of the situation. The body paragraphs should give possible ways to solve the problem. For instance, a student may suggest providing cafes, parks, and other places which can create a cozy and pleasant atmosphere so that nobody would dare to think of chatting and entertaining on Facebook or any other social platform. The conclusion should sum everything up. For example, a student can say that social networks are useful but there is the need to distract attention from the Internet activity.
Thursday, February 20, 2020
Individual Audience Paper Essay Example | Topics and Well Written Essays - 1250 words
Individual Audience Paper - Essay Example When presentations are made, the speaker should not assume that everyone will understand the material the way he/she does. This could be a fallacy, for your program really to be effective; it must be of interest to your audience. Individual Audience Paper Addressing an audience may seem to be quite easy, but this usually entails more than just imparting information to an interested audience. This is not the case, as a great deal of preparation and thought go into the message or lecture that you are going to deliver to your audience. Also, your message must be relevant and of interest to the audience that you are addressing. By understanding audience unique and distinctiveness, the most effective communication methods, by adding variety and assortment and the way that your audience will relate to your message and identify with it. Audience Characteristics: Recognizing the traits of your audience is the first step successful and effective interaction. Every person that is present where you are delivering your address is considered to be part of the audience and in public or speaking to a assorted group of individuals, the most important thing is to concentrate on the audience. The primary audience consists of the people that are watching you and you want to please. Count how many there are: when speaking, concentrate on what the consumer or audience wants, rather than what you or your company wants, because if you ignore your traditional customers for newer ventures, you might one day realize that they too have new needs, and have left you and moved on. In public speaking, when addressing an assorted group of individuals, it is imperative that your total concentration is absolutely necessary to focus on the audience To present an effective presentation,Ã the considerations of the audience that is essential to attaining success is to remember the various distinctiveness of the audience that you want to reach and impress and the methods of communication that will be adequate and suitable to communicate the communication to the addressees successfully. When presenting the report of your quarterly sales information, it will be necessary to explore the various distinctiveness of this miscellaneous group of individuals who will include customers. To best demonstrate the necessary careful thought or deliberation that is essential for this presentation effectively, an analysis of the audience personality and their demographic character can be visibly analyzed (Locker & Kienzler, 2008). An understand must be made of which segments of the audience will exercise power over the message itself, who will take some initiative based on the message, or will definitely become better informed on the principal aspects of the message. To give an example of an audience comprising of managers, salesmen, and management, management shall be considered to be a watchdog and the main or primary spectators, salesmen would be considered to be the secondary spectators and finally the customers might be considered as supplementary spectators. However, when the audience has been figured out, it can be categorized according to their importance and characteristics. When presentations are made, the speaker should not assume that everyone will understand the material the way he/she does. This could be a fallacy, for your program really to be effective; it must
Tuesday, February 4, 2020
Communication between the superior and employees Assignment
Communication between the superior and employees - Assignment Example The superior-subordinate barrier can cause a poor communication in the organization resulting in inefficient production and ineffective performance. By resolving this dilemma, a smooth communication going to be created between superior and subordinates resulting in employee motivation and better performance. In this literature review, the superior-subordinate barrier is going to be discussed along with highlighting different studies from a number of scholars regarding the research topic.Superior-subordinate communication barrier, which is an important part of the relationship between both parties. The communication within the organization means the flow of information upward from employee or downward from the management and how easy is it to transform the information specifically from the subordinates to their superiors. Information could mean a suggestion from the employee, recommendation, complaining and engaging. Having looked at the literature of different studies, observed that many people prefer to maintain relationships rather than expression insensitive truth, described this phenomenon as the hierarchal mum effect, which is the reluctance of an individual to oppose his or her superior opinion for the purpose of maintaining the relationship between them.(Edmondson, 1999; Morrison & Milliken, 2000) suggested that by encouraging employees to speak up and raise improvements ideas it will lead to a successful implement change and a better organizational performance.
Monday, January 27, 2020
Company Overview of VEDANTA RESOURCES
Company Overview of VEDANTA RESOURCES INTRODUCTION Vedanta resources is the first Indian company to be listed in the London stock exchange in December 2003. It is an FTSE 100 metals and mining company with its headquarters located in London, UK and is Indias largest non ferrous company based on their revenues. The company is principally situated in India, although they have possessions and operations in other locations such as Zambia and Australia. Vedanta Resources is mainly invested in copper, zinc, Aluminium businesses, however the company is now adding to their portfolio by diversifying into a commercial power generation business. The group has experienced a significant growth in recent years on grounds of various expansions in projects owing to a world class resource base containing copper, zinc and Aluminium, the result of this being the acquisition of Sesa Goa in April 2007, which enabled them to penetrate into the iron ore market. Therefore the organization is actively participating in the iron ore, zinc, Aluminium and copper businesses. Vedanta has a precise vision and mission statement, vision being to be clear and committed so that they might become the market leaders in the non- ferrous market segment and their mission is to be a low cost, million-ton per annum producer, the ultimate goal however is to make the company a success, needless to say that such a mission will certainly put India on a global competitive platform, in the metals and mining segment. The company has continuously demonstrated that they are able to bring in projects that are of high significance thereby contributing unmatched growth at minimum pricing while ensuring high returns to all their shareholders. Also, the organization makes certain that they meet the high conservative standards that are set, so that unjustifiable numbers are not shown in their balance sheets. Vedanta Resources deals with a diverse portfolio of mining and metals business as they make available eminent proceeds to their shareholders even as they make sure that they are socially and environmentally accountable, as the management keeps track of their employees health and safety, community issues and of their surroundings. Several of Vedanta Resources operations are authorized by International Management Systems Standard ISO 14001, proof of it being the many awards won by the company such as Recognition of Commitment Award from the Institute of Internal Auditors, USA in 2005, Vedanta Resources being the only manufacturing company out of a total of four Indian companies to have ever received this award, not to mention the numerous safety and environment awards. To quote the chairman of Vedanta Resources, Mr.Anil Agrawal India is a fast-emerging and attractive resource destination, and we believe our strategy and business objectives will harness Indias high-quality wealth of mineral resources at low costs of development, positioning it as a leader on the global metals and mining map. ORGANIZATIONAL STRUCTURE Vedanta is an emerging multinational conglomerate with many overseas operations. Its organizational structure is a complex one with many subsidiaries, governing board and a management committee. The governing board consists of executive and non executive directors. The executive board of directors consists of Mr. Anil Agarwal, Mr. Navin Agarwal and Mr. M S Metha. Mr. Anil Agarwal founded the company and is leading the company as the executive chairman. Mr. Navin Agarwal is the deputy executive chairman of Vedanta and looks after the corporate business strategy and responsible for overall performance and growth. He also heads the executive committee. Mr. M. S. Metha is the chief executive officer of Vedanta. He joined the conglomerate in the year 2000 and previously was working at Lloyds Steel Industries. The non executive board consists of Mr. Naresh Chandra, Mr. Aman Metha and Mr.Euan Macdonald. Mr. Naresh Chandra was a Padma Vibhushan award winner from the Government of India and he is an Indian Administrative Service officer. He joined the group in 2004 after holding many prestigious positions in India. Aman Metha also joined the group in 2004. Before that he was the CEO of HSBC. Euan Macdonald was the chairman of SBC Warburg India and specializes in emerging market finance. The management committee is lead by Mr. Navin Agarwal and consists of: COMMITTEE DESIGNATION TARUN JAIN PRESIDENT GROUP HUMAN RESOURCES DD JALAN WHOLE TIME DIRECTOR CEO ALUMINIUM BUSINESS MS METHA WHOLE TIME DIRECTOR BALCO P K MUKHERJEE DIRECTOR OPERATIONS KCM DILIP GOLANI COO HZL RAJAGOPAL K. KUMAR CEO COPPER ZINC BUSINESS AKHILESH JOSHI HEAD MANGT ASSURANCE FUNCTION J. JANAKARAJ CEO VEDANTA RESOURCES PRAMOD SURI CEO IRON ORE BUSINESS M SIDDIQI CFO VEDANTA RESOURCED A THIRUNAVUKKARASU DOF STERLITE Vedanta Resources plc. is the parent company with many subsidiaries operating in different sectors in different names. Vedanta has interests in five main businesses. Each business is operated by one of its subsidiary. Below is the Vedanta resources plcs group tree. Copper Business: Copper business are run and operated by Sterlite Industries (India) Limited, Konkola Copper Mines Plc and Copper Mines of Tasmania, however, Vedanta holds 53.9%, 79.4% and 100% stakes respectively and management control in the above companies. The total copper business has an annual production of 678,412 tons and generates revenue of $4,012 million. The end products are the Continuous Cast Rods and Copper Cathodes. Copper from the copper mines are smelted using ISA process, one of the worlds leading technology in copper smelting. They have the latest version of CS 3000 Distributed Control System of Yokogawa from Japan to control the entire copper smelter. Aluminium Business: Bharat Aluminium Company Limited (BALCO) and Vedanta Aluminium Limited (VAL) are responsible for Aluminium business. Aluminium business has a total production capacity of 500,000 tons per annum. Vedanta has the controlling stakes of 70.5% in VAL and Sterlite, the subsidiary of Vedanta owns a stake of 51% and exercises management control. Currently the Aluminium business is under vigorous expansion and by 2012 it would become top five Aluminium producers in the world. The company produces metallurgical grade alumina and Aluminium ingots, billets and bars used for making buses. The Aluminium smelter used the advanced technical specifications of British Standard Institute (BSI). The company has bagged OHSAS 18001 certification for good health and protection standards. VAL unit has obtained ISO 9001 and ISO 14001 certificates for quality production and management practices. These Aluminium complexes also have integrated power plants in them. Zinc business: Zinc business is wholly owned and operated by Hindustan Zinc limited (HZL). Vedanta own 64.9% of share capital in HZL. It has an annual production of 9,64,000 tons of zinc that generates revenue of $1,782 million. HZL is the worlds integrated second largest producer of Zinc and Lead. Apart from Zinc and Lead the plant also produces Silver, Cadmium and generates power. Silver and Cadmium are obtained as a byproduct of Lead and Zinc metal respectively. The equity shares of HZL are traded at the Indian stock exchange. The metals are refined and sold according to their quality. Iron ore business: The whole iron ore business is operated by its subsidiary Sesa Goa limited. Vedanta has a controlling stake of 57.1%. The company makes iron ore, pig iron and metallurgical coke. The company has a production capacity of 21.4 million tons of iron ore fines and lumps which generates revenue of $1221.7 million. Apart from these they also sell the in-house technology for coke making. They found new technology using vibro compaction to stabilize coal before using in the furnace for firing. Sesa Goas mines have ISO status for good management standards and safety. Commercial Power Generation business: This is a new business venture for Vedanta group and is run by its subsidiaries Sterlite Energy Limited (SEL) and Madras Aluminium Company Limited (MALCO). SEL is a 100% subsidiary of Sterlite Industries Ltd. As of now the excess power from its various plants are sold. Specialized commercial power generation plants are being set up in India. By the end of 2011 the power plants would become fully operational. Two plants are being set up with a combined generation of 4380MW per year. OPERATIONS OF VEDANTA RESOURCES PLC: CORPORATE STRATEGY Since its incorporation in 1976, Vedanta has been very successful in its operations. The current turnover of company is $ 7931 million. The success can be owed to the corporate strategy of Vedanta which can be explained as follows: Organic Development: This includes developing organizations own capabilities. It is done by making using of latest technology for manufacturing processes; spreading investments over a time, venturing the scope of entry in new markets, analyzing the ability of the company to enter them and then enter into such markets. Latest Technology for Mining Smelting Operations: Vedanta has been doing it by using highly advanced technology for manufacturing and designing. This helps in reducing the production costs and thereby gaining advantage to compete in the market. For e.g. The Sesa Goas team did a detailed experimentation involving studies on the temperature profile of the oven and redesigning the refractories. Followed by the systematic plant trials, it developed energy recovery coke making, an environment-friendly technology that is characterized low capital and operating cost, high energy recovery and capable of producing high quality metallurgical coke. Implementing cost reduction techniques: Vedanta has signed long-term contracts with suppliers of raw materials. This not only reduces production costs but also accounts for the continuous availability of resources without getting affected by market fluctuations. Launching Brownfield and Greenfield Projects: These form a very important consideration for a mining industry. Brownfield projects are abandoned sites that are available for industrial or commercial reuse. The development or expansions of such land is more difficult owing to contamination by earlier use. Greenfield projects are the ones which lack any constraints imposed by prior work. There is no need to demolish or remodel the structure. Vedanta has been investing in Brownfield and Greenfield projects for expansions. A 1.4 mtpa aluminium refinery project at Lanjigarh and an aluminium smelter of capacity 500,000 tpa both in state of Orissa, India are few of the Greenfield projects launched by the company. Entry in New Market: Also the company has now ventured into Commercial Power Generation. It recognised the tremendous scope in the industry for commercial power generation, in India. It has therefore started commercial power generation plants in Chhattisgarh and Orissa. Also these plants are locates at strategic positions, mainly in the coal rich zones of India, thereby facilitating transport and easy availability of coal. Consolidation of Group Structure: As shown above, Vedanta has many subsidiaries like KCM, Sterlite Industries India Ltd, Sesa Goa Ltd etc. Although it has the Holding Stocks and management control over all these, some of the stakes are owned by private investors. Vedanta is constantly trying to buyback it stock and purchase shares of all its subsidiaries. This would help in a consolidated group structure. The main advantage of it is ease in the management decisions. Mergers and Acquisitions: Since 2004, the Vedanta Resources had only one acquisition till date by acquiring the Madras Aluminium Co Ltd. While taking stake into consideration the Vedanta resources taken over 5 companies till finalization of balance sheet for 2010. Acquisitions include Konkola Copper Mines Plc. in 2004 and part in 2009 with a total of 79.4% stake, next Sterlite Gold Ltd and Finsider International Co Ltd both in the year 2007. Moreover, the company acquired approximately 25.8% by the outstanding common shares of Sterlite Gold on a fully-diluted basis. Also the company acquired Finsider International Co Ltd. Fully from a Japanese company called Mitsui Co at around USD 981 million. In the year 2009 the company acquired 51% of Sesa Goa Ltd, Indias largest producer-exporter of Iron-Ore in the private sector at INR 4070 Crore. Now, the Vedanta Resources are planning to acquire 60% stake in Crain India Company. The Cairn India is a leading player in Oil and Gas industry in India. Moreover, Crain India is one the biggest private exploration and Production Company currently operating in India. Edinburgh based Crain Energy is holding a total of 62.37 percent stake in Crain India. According to the deal the Crain Energy will sell its stake to Vedanta Resources Plc for the deal amount of USD 9.6 billion at 405 INR per share. Successful acquisition of KCM, MALCO, Sterlite Gold Ltd and Sesa Goa has added substantial growth to the Vedanta as a whole. They are continue looking for a new growth and acquisition opportunities in the metal and mining sector and related opportunities in India and elsewhere. They are taking all these steps by keeping government privatization programmed in mind. PESTEL ANALYSIS Political Legal: As minerals are a nations wealth, the mining industry operates under the huge cloud of political and legal pressure. Mainly they are state owned or nationalized and involves a large and complicated process for licensing. The industry is very much regulated by governmental law that mainly focuses on labour and environmental factors. In the recent days, the increasing concern for environmental issues has made the government to pressurize the mining policies. Upon this the media focus is still more an added pressure for the mining industry. Even though the governments policies are mainly aimed to protect the resources but they also encourage exports by giving subsidies and encourage new technology developments. Economic: Mining is an industry that requires very high capital investment. Thus, interest rates make a major impact. Not all countries are rich in deposits of minerals; hence mining generally involves import and export of products. The exchange rates fluctuations are a dominant concern. The import taxes and international trade cycle are also important economic factors for the mining industry. Social: Being an industry that impacts the surrounding environment in areas of its operation, the support of the local community is of the most important and underlying factors for mining. Mining, though, a resource based industry, cannot be carried out in areas of high population because of the concerns that it may affect the public health. Mining has also been under the scanner of various activist groups over the recent years. The industry thus has also been attracting continuous media attention. Vedanta has been attracting a lot of media attention recently over ESG issues. Technology: The process involved in the mining industry right from the raw material transportation still export involves risky process. In those conditions the laws prevent the use of human resources that make the mining industry heavily dependent on technology. Recently the mines are using computerized machines that operates according to its program and automated conveyor belts to reach its specified destination i.e. harbor or warehouse. But still the underground mining relies mainly on human resource due to its complicated nature of mining. Environmental: Mining is an industry that affects and makes a negative impact on the environment during and after the process. Thus any mining activity has to go through a number of clearances and regulations concerning the environment. Almost all countries demand an investigation of its impact on the environment before any activity can start. PORTERS 5 FORCES ANALYSIS The following diagram gives the 5 Forces Analysis for Vedanta Resources: Threat of New Entrants: The threat of new entrants to Vedanta is very low. This is mainly because of high capital investments required. The limited resources in mining and the costs of exploration, the various government laws, the equipment required, additional costs incurred in rehabilitation of people living at mining sites etc all make it difficult for new entrants to venture in this industry. Threat of Substitutes: The threat of substitutes also is low. This is mainly because metals are required basically for all types of manufacturing industries as an input. Even if substitution is considered, it has limited scope. Also the price/performance ratios of iron, aluminium etc is low, making the threat of substitutes even less. Bargaining Power of Suppliers: The suppliers include the suppliers of raw materials required, that of equipment etc. There are very few suppliers and therefore their bargaining power is high. Also the cost of switching suppliers is high making it difficult to do so. Vedanta has entered into long term contracts with their suppliers, thus reducing the costs. It also ensures that Vedanta get supply of goods without being affected by market fluctuations. Bargaining Power of Buyers: This is low as the demand of the metals and metal products is very high. Also switching costs are high as the costumers normally have contracts with the company. Competitive Rivalry: Some of the competitors of Vedanta Group are Rio-Tinto, BHP Billiton Ltd, Grupo-Mexico, Hindalco etc. The competition is intense as every player is trying for their market share as the resources are becoming restricted and limited. SWOT ANALYSIS: A complete SWOT analysis of Vedanta Resources plc would provide a clear and unbiased strategic analysis of the companys strengths and weakness and potential opportunities and threats, this sort of analysis helps the business in understanding its partners, customers and competitors better. STRENGTHS: The strength can be determined by the fact that the company has assets that are global with respect to both scale and size; their low cost of production which makes the group competitive among its peers and the skill and experience that are incorporated in the nature of their assets is of high quality. Their recent growth in volume and the many measures that the group have taken in reducing costs has increased their cash flow considerably; The Company understands the fact that it is important to maintain a low leverage by enabling adequate liquidity and meeting all their financial obligations, possessing a strong vision, making strategic acquisitions and having an ability to think ahead. They also understand the value of their employees which is a competitive advantage as its not easily reproducible like technology and the fact that they strive for excellence has only increased their strength. WEAKNESSES: Poor brand management, not giving importance to marketing of the company, keeping silent while a swarm of people accusing the company has increased trouble for the company. Therefore, the company must make all efforts in order to correct the problem before they run out of business and need to curtail their operations. OPPORTUNITIES: The opportunities for the group are many, success in the group will allow the company to compete globally. Several efforts are made by the company with respect to expansion of the company and growth and this can be clearly seen in the group on having acquired Sesa Goa, which makes it possible for the company to penetrate through the iron ore market and by making strategic decisions, will guarantee that Vedanta Resources triumphs. THREATS: The potential threats as reported by The Independent news paper is the fact that the human rights protestors that stood outside the companys building in their avatar costumes, outshone the companys accomplishments which is a major threat to the companys image. The backing out of the Church of England; only six months after researching into the company or Aviva who is one of their backers, who voted against them in three resolutions in board meeting which they attended. Vedanta however, denies the rumors concerning the pollution of Lanjugarh, or any breach in human rights, the encroachment of land in Nyamgiri Hills in Orissa and any other accusations that have been made against the company and they continue to contest any allegations made against the group. Although the rumors are overtaking their defensive stand and is causing a serious dent to the Vedanta Groups image. (The Independent, 2010) COMPETITIVE ADVANTAGE: In terms of the competitive advantages for Vedanta resources Plc, Firstly, they have a mining site located where the availability of natural resources is high. Their production is done on the basis of the accessibility of the raw material. As the natural resources are highly available, the supply of the raw material and the cost of production can be low, and the cost of capital can be divided to sustain it in the current market. The raw material in the industry is nothing but the resources held by the group and as they located where there is a rich source of natural resources, not to mention the availability of cheap labour at their mining site which results in Vedanta having a low cost of production per unit leading the company to win an award for the low cost of production in year 2007. Culture of the society where there are located, is also well known by them so the adjustment to the market environment would not be an issue placing the company is a very advantageous position The company has also started their operations in power production unit. They had produced the power sufficient enough for their production and the excess production was sold out and this resulted to the investment in a power generation plant. Now they have obtained blocks for 112.2 million tons with the ministry of coal. They have signed a contract with Chhattisgarh government for the interested thermal and coal power generation plant for 1200 MW power capacity. India is fifth largest in the world for the bauxite with the reserve about of 2,600 million tones and for the coal reserves and for iron ore it is sixth. The most of the mining and smelting site for Vedanta resources are in India. This is advantageous for potential growth in the further prospective for the company. CORE COMPETENCE For Vedanta the core competence of their business strategy is developing low cost, with inexpensive skilled and educated labour. (Business Standard, 2008) In the mining industry, the high costs are to do with the investment in acquiring a mining site and costs need for production. However, Vedanta has reduced its cost of production owing to their location, which is rich in natural resources. The current production for the Aluminium is 1.4 mtpa which is planned to be increased by 6,00,000 tpa to reach is total production of 2 mtpa. The company aims at investing $ 9.8 Billion by which they will be the fifth mining company for Aluminium metal. CORPORATE SOCIAL RESPONSIBILITY In the present-day business scenario, Corporate Social responsibility (C.S.R.) and sustainability have become a very high-profile agenda in many countries and industries. Thus, due to the nature of its business, Corporate Social Responsibility is a pretty confound and complicated issue for Vedanta Resources Plc. The company has quite a mixed record on the social responsibility front. Nonetheless, the company has made certain valiant efforts to conduct their business in a socially responsible manner. Vedantas current C.S.R. agenda acknowledges the responsible management of the Environmental, Community, Health and Safety and Employee issues with respect to all of their operations. The companys Health, Safety and Environment (H.S.E) management framework administers the healthy and sound management of its operations. According to its current agenda, the company aims to reduce the impact of its activities on the environment. Efficient consumption of energy and water and use of recycled materials is one of its main motives. It has taken initiatives through its subsidiaries to fulfill its motives. Being a mining company, the health and safety of its employees and the community is a core concern for Vedanta. The company has a Health and Safety management framework and policies in place, which aim to ensure a risk-free environment for its employees. Vedanta has also taken efforts to support and enhance the local community in the areas of their operations. Sterlite Foundation is financial ly supported by the group, which provides free computer training to the young under-privileged people. The company has also made several contributions and donations to the community. For example being the donation of US$1.1 million to the Rajasthan drought relief fund, through its subsidiary H.Z.L. Despite making certain efforts to conduct its business in a socially responsible manner, Vedanta has been engulfed in a web of allegations concerning this issue over the last few years. The company has been under immense criticism for having a poor human rights and environmental record by various activist groups and authorities. A human rights group called Amnesty International, has criticized and raised the issue of ill treatment of the local tribal people by Vedanta in the Niyamgiri hills in Orissa, India. Various other activist groups have also accused Vedanta and its subsidiaries of threatening the livelihood of the community residing in and around the areas of its mines. This also led to recent public demonstrations and protest against the company worldwide. However, the company has maintained a stance that, it would act in a responsible manner and that the proposed project will only enhance the community as a whole in the particular area. Vedantas Alumina refinery at Lanjigarh in Orissa, India, has also been critiqued by the State Pollution Control board in India for air and water pollution. Amnesty International has accused Vedanta of failing to curb the impact created by its refinery of air pollution on the local community. The company is also facing investigations and charges regarding pollution because of its project in Armenia. This is another issue that has been raised by various activist groups. The company has also failed to maintain a clear health and safety record recently. Separate incidents have darned its reputation concerning safety efforts. An under construction chimney at its smelter in Chhattisgarh, India collapsed causing death of more than 40 workers and employees. The company has also been accused of safety negligence as its unsafe mining operations have led to deaths of more than 25 workers and employees and injuries to hundreds of others in 2007. The controversies, poor human rights and environmental allegations have caused a lot of socially responsible investors to divest from the company. After protests by Survival International a human rights group regarding the Orrisa issue, the Church of England sold its stake worth 3.75 million pounds in Vedanta resources on the basis of ethical grounds. The Church stated that we are not satisfied that Vedanta has shown, or is likely in future to show, the level of respect for human rights and local communities that we expect of companies in whom the Church investing bodies hold shares, The Scottish investment firm Martin Carrie Investments also sold its stake worth more than 2 million pounds following protest from activist groups. Other responsible investors like the Swedish Government, Joseph Rowntree Charitable Trust, Dutch investment firm PGGM and a few others have joined the bandwagon of disinvesting from the company following its poor recent social record. The BP Pension fund has also reduced its share following similar concerns. The UK and Norwegian governments have also condemned the company. The disinvestment by shareholders has been a major concern for Vedanta as it certainly threatens to affect its growth. On 24th August 2010, the Indian government blocked the companys proposal for a new mine in India alleging Vedanta of having a poor human rights and environmental record. Indias Environment minister stated, There is no emotion, no politics, no prejudice I have taken the decision in a purely legal approach, that these laws are being violated. This has been a major blow for Vedanta as it was planning to invest more than 5 billion pounds in the Niyamgiri project. The company has also been alleged of charges of bribery in Chennai, India for the reopening of a factory that was shut down due to a major accident. Sterlite, a subsidiary of Vedanta was slapped with tax notice of more than 44 million pounds by the India Excise department in 2010 while a few other legal violations have also tarnished the companys image. All the recent allegations and controversies in the recent times resulted in a negative image for the company. Its stock rose tremendously by more than 200% from April 2009 to April 2010 but after the recent allegations and concerns over disinvestment by investors, the stock has been a sharp decline. Thus, the issue of corporate social responsibility has certainly made an impact on its growth recently and could also be a cause of concern if the company does not adopt new strategies to improve its CSR record. Vedanta must revive its CSR agenda to clarify investor concerns. The company has however claimed that it aims resolve all the issues regarding the allegations and aim to enrich and empower the community wherever they operate. Projects Under Scrutiny Lanjigarh Bauxite Mine Lanjigarh Smelter Chhattisgarh Chimney Collapse Chennai Factory Source: CONCLUSION: In conclusion Vedanta Resources is Indias largest non-ferrous metal and mining company based on revenue. This FTSE-100 company has a strong balance sheet with cash and liquid investment of $7.2 billion and has cash in excess of $7.0 billion. Moreover, its the only Indian manufacturing company listed at London Stock Exchange. They are working with workforce of 30,000. The analysis shown above certainly explains the success of Vedanta Resources in mining industry. This success can be hugely owed to its corporate strategy. However there are still some glitches in the strategy. This is evident by the SWOT analysis, so also the effects on its business as an aftermath of its weak corporate social responsibility. Therefore it is evident that their current corporate strategy is not sustainable. Although due consideration has been given in asset optimization, reducing costs and thereby gaining profits; Vedanta has not given due consideration to the threat posed by its competitors. If any of the competitors enter India, for mining then Vedanta would not be able to survive. Moreover their corporate social responsibility has been lacking; this has severely affected their Brand-name, a very important factor in todays market. It has also resulted in decreased market share and withdrawal from many of their investors like Church of England. Therefore certain cha nges have to be made in their current corporate strategy. First of all, the company should give due consideration to its Social Responsibility, it should provide rehabilitation facilities to people, who have lost their lands due to mining activities. It should provide safety and security measures for their workers. It should also come with policies that are in accordance with the human right and environment. All this would add up with Brand Image of the company. It should try to improve relations with Indian governm
Subscribe to:
Posts (Atom)