Financial Institutions Example

Money related Institutions Example Money related Institutions †Coursework Example Credit Risk Credit Risk Credit hazard is a hazard that emerges following a potential that a borrower will neglect to respect their commitment to reimburse the advance according to the concurred time and terms. For banks, advances that they provide for clients are the fundamental wellspring of credit hazard. There is generally the hazard that clients may default in paying the credits. Different sources may be off just as on asset report. Wobbly sheet causes may remember responsibilities for advances, letters of unfunded credit and credit extensions. A decrease in required pace of return (RRR) might be utilized as a method of forestalling credit chance. This has been shown by Bloomberg news concerning the Peoples Bank of China (PBOC), demonstrating their framework wide cut in RRR since May 2012, as a method of forestalling credit dangers, following a diminishing obligation proportion of China as diminishing from 209 percent to 125 percent by end of 2008 (Bloomberg 2014).The news shows RRR as being adaptable in that it tends to be decreased in one month and expanded in the following month, bringing down it in areas and holding it consistent in different segments. PBOC apparently has diminished RRR in the banks in provincial territories and in this manner bringing down the proportion for little renders and infusing liquidity into some different banks utilizing other new monetary apparatuses like office for medium-term loaning and swore valuable loaning (Bloomberg 2014). In any case, there is a threat of the simpler credit streaming to zones that are monetarily less beneficial, that emerges out of decreasing RRR over the board.Reference:Bloomberg. (2014). PBOC monetary record flood offers space to ease on bank holds. Recovered on February 27 2015 from: bloomberg.com/news/articles/2014-12- 09/pboc-balancesheet-flood offers-scope-to-ease-on-bank-holds

Pro-Anorexia Websites Essay -- Eating Disorders Pro-ana Internet

Professional Anorexia Websites The internet, something that was once viewed as a prevailing fashion, has formed into an apparatus that permits individuals battling with anorexia to possibly discover an asylum from the administrative frameworks in mainstream society that are applied to women’s bodies. The internet gives an elective space to ladies with dietary issues or body issues. The space made by the internet is possibly more secure for ladies to meet since it permits obscurity while at the same time being a piece of a network that the constructed condition can't give. The segments that make up genius anorexia sites are normally viewed as anomalous, repulsive, or freak inside mainstream society, on the grounds that mainstream society doesn't acknowledge the manner in which anorexics decipher pictures of the body. This famous perspective on individuals with anorexia doesn't permit anorexics to work as an acknowledged piece of open space or mainstream society. The Catch 22 of ace anorexia sites filling in as a haven space for anorexics is that the internet is an open space. Since the professional anorexia sites are open they fill in as a haven for ladies, yet in addition go about as an analogy for the anorexic body. The anorexic body is a webpage of battle and obstruction, which is likewise valid for the genius anorexia site which is continually compromised with being closed down in light of the fact that it is in restriction of the mainstream perspective on the body. In this paper, I investigate the sort of room that star anorexia sites make through the examination of the segments that a large portion of these sites contain, for example, a notice page, meanings of dietary issues, conversation sheets, ana tenets, and â€Å"thinspiration† displays. Genius anorexia, otherwise called ace ana, sites are a kind of sites ... ...s into the anorexic mind and body. The sites will be destinations of logical inconsistencies, much like the anorexic mind and body. They permit non-victims another point of view on dietary issues, yet in addition uncover a portion of the blended messages introduced regularly in mainstream society. Works Cited â€Å"Ambrosia Refusal.† Home page. 06 December 2003. <http://ambrosiarefusal.break-her-down.org/>. â€Å"Ana’s Journal.† Home page. 08 December 2003. <http://www.livejournal.com/network/anagurls/>. â€Å"An Ana World.† Home page. 06 December 2003. <http://www.justfornow.0catch.com>. â€Å"The Anorexic Files.† Home page. 06 December 2003. <http://www.gloomsday.net/theanorexicfiles>. â€Å"House-of-Sins.† Home page. 06 December 2003. <http://www.house-of-sins.com>. â€Å"Rain Baby.† Home page. 06 December 2003. <http://www.freewebs.com/bleuwood/index.htm>.

Q3 Essay Example | Topics and Well Written Essays - 500 words - 1

Q3 - Essay Example It is significant in improving the organization’s intensity through guaranteeing that the clients are faithful to it just as the streamlining of imaginative items and administrations from the association (Day et al 2000). Progressively finished, the executives just as representatives utilize this innovation to assemble and assess information got with respect to clients to build up a solid connection among them and the clients. This reinforces the reason for new item advancement too setting up advertise for the organization’s items. Obviously client relationship the executives is the center innovation for the association because of the way that without it, banks will most likely be unable to acquire basic data concerning clients, which influences the financial framework somehow. Any association is typically worried about improving its intensity in the market. CRM innovation helps in tackling issues with respect to intensity, subsequently making it feasible for an association to achieve its objectives. This innovation has empowered imaginativeness in the association (Percival 2006). The accessibility of data and the utilization of the client situated methodology, which is upgraded by the CRM innovation, have made item separation in the association conceivable through imaginativeness. This has expanded the organization’s upper hand, which is a central point that adds to benefit. Innovation that is center or empowering to an association is distinguished through fundamentally assessing whether it is fit for aiding the acknowledgment of hierarchical objectives. It is additionally essential to evaluate whether correspondence with respect to the organization’s procedure is procured so as to guarantee that the association has a reason for setting up the innovation that is viewed as the center to the organization’s achievement. Such innovation is generally comprehended by each worker in the association who gets it

2012 One-year Top Performing Direct Plans Q3

Savingforcollege.com ranks the performance of direct-sold 529 plans. Direct-sold plans are those that consumers can enroll in without using a broker. We have prepared one-year, three-year, five-year and ten-year performance tables. To prepare this ranking, we compared a subset of portfolios from each 529 savings plan. We selected portfolios based on their mix of stocks, bonds and money market funds, which allows for an apples-to-apples comparison in seven asset-allocation categories. The lower the "percentile," the better the ranking. This ranking could be a useful tool for you when selecting which direct 529 plan might be right for you. Here are our 529 performance rankings as of September 30, 2012 for Direct-sold 529 plans. One-year performance ranking (click here for three-year performance table, five-year performance table, and ten-year performance table ): Rank State Plan Percentile 1 Alaska T. Rowe Price College Savings Plan 23.44 2 Alaska University of Alaska College Savings Plan 24.30 3 South Dakota CollegeAccess 529 (Direct-sold) 24.97 4 New York New York's 529 College Savings Program -- Direct Plan 32.20 5 West Virginia SMART529 WV Direct 32.48 6 Maryland College Savings Plans of Maryland -- College Investment Plan 35.65 7 Maine NextGen College Investing Plan -- Client Direct Series 35.68 8 Michigan Michigan Education Savings Program 37.20 9 District of Columbia DC 529 College Savings Program (Direct-sold) 38.36 10 Oklahoma Oklahoma College Savings Plan 39.88 11 Virginia Virginia Education Savings Trust (VEST) 40.38 12 Florida Florida College Investment Plan 43.12 13 Ohio Ohio CollegeAdvantage 529 Savings Plan 45.18 14 Pennsylvania Pennsylvania 529 Investment Plan 45.59 15 Nebraska TD Ameritrade 529 College Savings Plan 46.40 16 South Carolina Future Scholar 529 College Savings Plan (Direct-sold) 46.97 17 Nebraska Nebraska Education Savings Trust - Direct College Savings Plan 47.04 18 Colorado Direct Portfolio College Savings Plan 47.46 19 Hawaii Hawaii's College Savings Program 47.69 20 Minnesota Minnesota College Savings Plan 47.81 21 Georgia Path2College 529 Plan 48.98 22 Alabama College Counts 529 Fund (Direct-sold) 49.08 23 Utah Utah Educational Savings Plan (UESP) Trust 49.95 24 Nevada The Vanguard 529 Savings Plan 50.17 25 Iowa College Savings Iowa 50.53 26 Louisiana START Saving Program 51.89 27 New Mexico The Education Plan's College Savings Program (Direct-sold) 52.52 28 Oregon Oregon College Savings Plan 53.08 29 Vermont Vermont Higher Education Investment Plan 53.72 30 Illinois Bright Start College Savings Program -- Direct-sold Plan 53.79 31 Nevada USAA 529 College Savings Plan 53.86 32 Kansas Schwab 529 College Savings Plan 54.11 33 Kentucky Kentucky Education Savings Plan Trust 55.06 34 Missouri MOST - Missouri's 529 College Savings Plan (Direct-sold) 55.65 35 Kansas Learning Quest 529 Education Savings Program (Direct-sold) 55.70 36 New Jersey NJBEST 529 College Savings Plan 57.52 37 Indiana CollegeChoice 529 Investment Plan (Direct-sold) 58.07 38 West Virginia SMART529 Select 60.42 39 Arkansas GIFT College Investing Plan 60.50 40 Connecticut Connecticut Higher Education Trust (CHET) 60.72 41 Idaho Idaho College Savings Program (IDeal) 61.09 42 North Dakota College SAVE 61.64 43 Texas Texas College Savings Plan 63.42 44 New Hampshire UNIQUE College Investing Plan 64.25 45 Massachusetts U.Fund College Investing Plan 64.71 46 Arizona Fidelity Arizona College Savings Plan 65.00 47 Montana Montana Family Education Savings Program Investment Plan 65.38 48 Delaware Delaware College Investment Plan 65.76 49 Rhode Island CollegeBoundfund (Direct-sold, Alternative RI) 71.15 - California The ScholarShare College Savings Plan NA - Mississippi Mississippi Affordable College Savings (MACS) Program NA - Nevada SSgA Upromise College Fund NA - North Carolina National College Savings Program NA - Tennessee TNStars College Savings 529 Program NA - Wisconsin Edvest College Savings Plan NA NA = Not Applicable = Program does not have at least one portfolio with sufficiently-long performance in a minimum of four asset allocation categories under our ranking model. The Savingforcollege.com plan composite rankings are derived using the plans' relevant portfolio performance in seven unique asset allocation categories. The asset-allocation categories used are: 100 percent equity, 80 percent equity, 60 percent equity, 40 percent equity, 20 percent equity, 100 percent fixed and 100 percent short term. The plan composite ranking is determined by the average of its percentile ranking in the seven categories. The performance data underlying these rankings represent past performance and are not a guarantee of future performance. Current performance may be lower or higher than the performance data used. A plan portfolio's investment return and principal value will fluctuate so that an investor's shares or units when redeemed may be worth more or less than their original cost. Investors should carefully consider plan investment goals, risks, charges and expenses by obtaining and reading the plan's official program description before investing. Investors should also consider whether their beneficiary's home state offers any tax or other benefits that are available for investments only in such state's 529 plan. Brokers, please note: For internal use only and not for use with or to be shown to the investing public. Disclaimer: JFH Innovative, LLC shall not be liable for any errors or omissions in this report. Users should rely on official program disclosures. For broker-sold plan rankings, click here. Savingforcollege.com ranks the performance of direct-sold 529 plans. Direct-sold plans are those that consumers can enroll in without using a broker. We have prepared one-year, three-year, five-year and ten-year performance tables. To prepare this ranking, we compared a subset of portfolios from each 529 savings plan. We selected portfolios based on their mix of stocks, bonds and money market funds, which allows for an apples-to-apples comparison in seven asset-allocation categories. The lower the "percentile," the better the ranking. This ranking could be a useful tool for you when selecting which direct 529 plan might be right for you. Here are our 529 performance rankings as of September 30, 2012 for Direct-sold 529 plans. One-year performance ranking (click here for three-year performance table, five-year performance table, and ten-year performance table ): Rank State Plan Percentile 1 Alaska T. Rowe Price College Savings Plan 23.44 2 Alaska University of Alaska College Savings Plan 24.30 3 South Dakota CollegeAccess 529 (Direct-sold) 24.97 4 New York New York's 529 College Savings Program -- Direct Plan 32.20 5 West Virginia SMART529 WV Direct 32.48 6 Maryland College Savings Plans of Maryland -- College Investment Plan 35.65 7 Maine NextGen College Investing Plan -- Client Direct Series 35.68 8 Michigan Michigan Education Savings Program 37.20 9 District of Columbia DC 529 College Savings Program (Direct-sold) 38.36 10 Oklahoma Oklahoma College Savings Plan 39.88 11 Virginia Virginia Education Savings Trust (VEST) 40.38 12 Florida Florida College Investment Plan 43.12 13 Ohio Ohio CollegeAdvantage 529 Savings Plan 45.18 14 Pennsylvania Pennsylvania 529 Investment Plan 45.59 15 Nebraska TD Ameritrade 529 College Savings Plan 46.40 16 South Carolina Future Scholar 529 College Savings Plan (Direct-sold) 46.97 17 Nebraska Nebraska Education Savings Trust - Direct College Savings Plan 47.04 18 Colorado Direct Portfolio College Savings Plan 47.46 19 Hawaii Hawaii's College Savings Program 47.69 20 Minnesota Minnesota College Savings Plan 47.81 21 Georgia Path2College 529 Plan 48.98 22 Alabama College Counts 529 Fund (Direct-sold) 49.08 23 Utah Utah Educational Savings Plan (UESP) Trust 49.95 24 Nevada The Vanguard 529 Savings Plan 50.17 25 Iowa College Savings Iowa 50.53 26 Louisiana START Saving Program 51.89 27 New Mexico The Education Plan's College Savings Program (Direct-sold) 52.52 28 Oregon Oregon College Savings Plan 53.08 29 Vermont Vermont Higher Education Investment Plan 53.72 30 Illinois Bright Start College Savings Program -- Direct-sold Plan 53.79 31 Nevada USAA 529 College Savings Plan 53.86 32 Kansas Schwab 529 College Savings Plan 54.11 33 Kentucky Kentucky Education Savings Plan Trust 55.06 34 Missouri MOST - Missouri's 529 College Savings Plan (Direct-sold) 55.65 35 Kansas Learning Quest 529 Education Savings Program (Direct-sold) 55.70 36 New Jersey NJBEST 529 College Savings Plan 57.52 37 Indiana CollegeChoice 529 Investment Plan (Direct-sold) 58.07 38 West Virginia SMART529 Select 60.42 39 Arkansas GIFT College Investing Plan 60.50 40 Connecticut Connecticut Higher Education Trust (CHET) 60.72 41 Idaho Idaho College Savings Program (IDeal) 61.09 42 North Dakota College SAVE 61.64 43 Texas Texas College Savings Plan 63.42 44 New Hampshire UNIQUE College Investing Plan 64.25 45 Massachusetts U.Fund College Investing Plan 64.71 46 Arizona Fidelity Arizona College Savings Plan 65.00 47 Montana Montana Family Education Savings Program Investment Plan 65.38 48 Delaware Delaware College Investment Plan 65.76 49 Rhode Island CollegeBoundfund (Direct-sold, Alternative RI) 71.15 - California The ScholarShare College Savings Plan NA - Mississippi Mississippi Affordable College Savings (MACS) Program NA - Nevada SSgA Upromise College Fund NA - North Carolina National College Savings Program NA - Tennessee TNStars College Savings 529 Program NA - Wisconsin Edvest College Savings Plan NA NA = Not Applicable = Program does not have at least one portfolio with sufficiently-long performance in a minimum of four asset allocation categories under our ranking model. The Savingforcollege.com plan composite rankings are derived using the plans' relevant portfolio performance in seven unique asset allocation categories. The asset-allocation categories used are: 100 percent equity, 80 percent equity, 60 percent equity, 40 percent equity, 20 percent equity, 100 percent fixed and 100 percent short term. The plan composite ranking is determined by the average of its percentile ranking in the seven categories. The performance data underlying these rankings represent past performance and are not a guarantee of future performance. Current performance may be lower or higher than the performance data used. A plan portfolio's investment return and principal value will fluctuate so that an investor's shares or units when redeemed may be worth more or less than their original cost. Investors should carefully consider plan investment goals, risks, charges and expenses by obtaining and reading the plan's official program description before investing. Investors should also consider whether their beneficiary's home state offers any tax or other benefits that are available for investments only in such state's 529 plan. Brokers, please note: For internal use only and not for use with or to be shown to the investing public. Disclaimer: JFH Innovative, LLC shall not be liable for any errors or omissions in this report. Users should rely on official program disclosures. For broker-sold plan rankings, click here.

Essay on Philosophy of Christian Education - 1357 Words

The education of children has existed since the beginning of time as parents have taught and molded their children into the young adults they desired them to be. Initial training of children was not in a formal setting, although history would see numerous settings, purposes, and methodological changes. Philosophies of education have also changed through the years as various voices have seemed to grasp the purpose of educating the next generation, thus laying out objectives to reach those goals of teaching children. The statement â€Å"philosophy of Christian education† contains much information to be unwrapped. The term philosophy literally means, in the Greek, â€Å"love of wisdom.† In this case, the study of philosophy involves a â€Å"critical†¦show more content†¦Tie them as symbols on your hands and bind them on your foreheads. Write them on the doorframes of your houses and on your gates† (Deuteronomy 6:6-9). Christian education is not all about what takes place in the formal classroom at school. As Christian educators, we are in a partnership with moms and dads to help shape and disciple their children. It is the discipleship of children that propels believing teachers to devote their life to this vital ministry of Christian education. When it comes to the education of children, there are numerous fundamental factors, to mention a few: parents, teachers, the student himself, curriculum, methodology, culture, and the Holy Spirit. Students must first take responsibility for their own education and desire to learn. Even though this key educational factor is not a prerequisite for learning, all students must eventually hunger for learning or it will never take root in their lives. Responsible teachers must use responsible materials and methodology in order for purposeful education to have a lasting impact. Teachers must use their divine calling and materials that â€Å"are not sugar-coated, censored, vacuous and dry, nor merely politically correct† (Holtrop) to challenge this current generation of students. While secular humanism views children as inherently good, we know that scripture teaches that all mankind to be innately evil, aShow MoreRelatedPhilosophy of Christian Education2082 Words   |  9 PagesE ducation is a matter of discovering what is ultimately real and learning to live in relation to it in a way that produces a life marked by meaning, freedom, and even happiness. Education presupposes truth, even in the most relativistic contexts, because teachers are concerned with correspondence between thought and reality. But from a Christian perspective, truth is not just a label applied to the successful representation of reality in thought, but comes to personify that eternal reality itselfRead MorePhilosophy of Christian Education Essay2583 Words   |  11 Pagesthat there is a distinct difference between a Christian philosophy of education and a philosophy of Christian education. The former being only one of many applicable and credible forms of education and the latter being the only viable form of education. We, as a collective person, were made in the image of God. With this premise given, God alone would hold the keys to educating the entire person, and all other educati onal systems and philosophies, while holding some truth, cannot hold all truthRead MoreChristian Philosophy of Education Essay1990 Words   |  8 PagesChristian Philosophy of Education As we go through our day by day lives in a very secular world, I believe it is very easy to question ourselves as Christian educators. We ask ourselves if we are doing our jobs exactly to God’s calling. Are we striving to teach the truth? And with that, what is truth? According to Gaebelein in his book The Pattern of God’s Truth, â€Å"All truth is God’s truth.† As educators we are called upon to cultivate â€Å"Christlike minds† (Moreland). This is quite the taskRead MoreChristian Philosophy Of Education, Evangelism, And Discipleship937 Words   |  4 PagesAccording to Schultz (2003) a Kingdom-focused education must be built on the following four points: Jesus Christ, A Biblical Philosophy of Education, Evangelism, and Discipleship. The most appropriate place for Kingdom education to start is in the family where children are taught that â€Å"only salvation in Christ can perfect a person† (Schultz, 2003, p.19). Because Kingdom e ducation is rooted in development of a personal relationship with Christ it exists as a present reality and not a future physicalRead MoreChristian Philosophy Of Education : The Fear Of The Lord Is The Beginning Of Wisdom925 Words   |  4 PagesElijah House Academy Christian Philosophy of Education â€Å"The fear of the Lord is the beginning of wisdom, and the knowledge of the Holy One is insight.† Proverbs 9:10 In my future role as an elementary educator, I want to make sure I establish a classroom where each student feels safe and supported, not only by me as a teacher, but by their peers as well. When each student feels comfortable, they will be more eager and excited to learn and take risks in the classroom. Education is about cultivatingRead MoreDifferent Philosophies That People Believe1634 Words   |  7 Pagesthan just a worldview: â€Å"A biblical worldview is based on the infallible word of God. When you believe the Bible is entirely true, then you allow it to be the foundation of everything you do.† 2 As Christians those should have different worldviews then nonbelievers. â€Å"Any foundation for a Christian worldview must begin with scripture. It is from the Word of God that we receive special revelation concerning the nature of God, humankind, ultimate reality, goodness and life expectations.† 3 ThereRead MoreChristian Schools And Its Impact On The Development Of The Community871 Words   |  4 PagesChristian schools play a vital role in the development of the community and the students that make up the body. The Christian church has often seen philosophy as a roadblock to understanding our true purpose as humans and not a tool for learning what that purpose is. Philosophy is our response to every area of life, because through philosophy we investigate the truths and principles of being. Apostle Paul wrote two letter to the Thessalonians in which he was concerned about their receptivityRead More Can Education be Classical and Christian? Essay1342 Words   |  6 PagesCan an education be both classical and Christian? Many parents ask this question every year, unknowingly echoing an age-old question. Tertullian, an early church father, was perhaps the first to consider whether these two ideas are compatible when he asked, â€Å"What has Athens to do with Jerusalem?† The church fathers continued to wrestle with the question for centuries, most concluding that all ideas that are taken captive for Christ may be used profitably by Christians. Examining this ongoingRead MorePhilosophy and Religion in Education Essay1166 Words   |  5 PagesPhilosophy and Religion in Education The education mission of the philosophy and religion department serves the general studies core and the major. The department takes seriously its obligation to introduce general studies students to philosophy and religion as humanities disciplines. All courses at the 100 and 200 level are open to and designedRead MoreMy Education Philosophy 1511 Words   |  6 PagesPersonal Mission Statement Education is the imparting and acquiring of knowledge and skills through teaching and learning. As an educator, my personal mission statement is to master my subject area in order to serve as a role model for my students thereby producing students who thoroughly understand the subject matter, and who develop holistically. In order to achieve this goal I must have a set education philosophy with a strong Christian worldview. I must also have a general understanding of the

British Imperialism During The First War Of Indian...

British Imperialism in India Indian Independence The first war of Indian independence, also known as the 1857 Indian Rebellion, was not the first challenge to British authority, but it was the first to feature widespread coordination with increased levels of intensity. It began with discontent within the sepoy army. Initially, the soldiers were well-paid to keep their loyalty, but the EIC failed to increase pay to match the inflation rate. Moreover, they received the impression that the Company was attempting to change Indian religions, due to the criticism of missionaries in India, previous violations of Hindu religious conventions, and the introduction of new cartridges that were greased in pig fat and beef tallow, the previous†¦show more content†¦However, India would have to pay for the damages of the mutiny through increased taxes. The next major step toward independence occurred with the founding of the Indian National Congress (INC) in 1885 at Bombay. Despite claims of secularism and religious to leration, the INC was a mostly Hindu organization, and in 1906, the Muslim League was formed. Together, they represented the public opinion for swaraj, or self-rule, and served as a way for Indians to participate in politics in response to rising Indian nationalism. One of their first campaigns was the swadeshi movement, a boycott of British products in favor of Indian domestic goods, which won them autonomy at the provincial level. Mohandas K. Gandhi (1869-1948), also referred to as Mahatma (meaning â€Å"Great Soul†) Gandhi, entered the INC as its president in 1920. He worked under the principles of ahimsa, non-violence, and satyagraha, truth-struggle, to convince the British that it had wrongfully repressed India, and work together with the them to reverse its effects. From 1930 to 1934, he launched a series of civil disobedience movements. The most notable of these was the Salt March in 1930, to protest the salt tax imposed by the British. Gandhi, along with Sarojini Naid u

Management and Business Context of Bunnings Warehouse †Free Samples

Question: Discuss about the Management and Business Context of Bunnings Warehouse. Answer: Introduction Bunnings Warehouse was founded in the year 1887 as a limited company but later on changed to a public company in the year 1952. Its headquarters are located in Hawthorn East, Victoria. Bunnings Warehouse is the leading Australian company in the sale of hardware chain; home improvements and the general living products. Bunnings is committed and specialized in offering innovatively created kitchen designs and the splashbacks that are unique in the industry. The company also helps housing project builder customers in color consultancy, building doors, accumulating of BBQ, air conditioning of the buildings and installations of the hot water systems. This organization has two main housing brands; the Ozito power tools and the Click electrical fittings and accessories. The company has grown widely in this business and is currently serving millions of customers in the world and has remained leading in sits market areas (Bunnings, 2017). Definition of key terms Governance Governance defines the established rules, policies, processes and systems through which a given company is directed and controlled. Corporate governance is composed of both the internal and the external factors. The internal factors include the organizational policies, the constitution among others which work together with external factors such as the laws, regulations, and community expectations among others. Corporate governance is a critical concept in business since it helps to establish how these enterprises are lead (Clarke, 2007). Innovation and Entrepreneurship Innovation refers coming up with new ways of doing things through continuous improvement of the existing process, the products or service offered. On the other hand, entrepreneurship usually refers to the organization's ability to manage and organize a new business venture and its willingness to handle the associated these risks related to the investment. Most factors in the business environment are not static, but they are always changing (Lichtenthaler, 2011, pp.138-139). Therefore, adoption of innovation and entrepreneurship is a vital change driver for every business. Knowledge Management Knowledge management refers to the process through which organizations create, use or manage knowledge and information. It explains how organizations can make the best use of knowledge to achieve their objectives. Knowledge management targets to facilitate a smooth transition from those retiring to those succeeding, targets to avoid loss of corporate memory at some point and identify resources and knowledge that is necessary for the organization. Besides, the concept helps the organization to build up and empower others who become the intellectual capital of the organization (Booker et al., 2008). This is, therefore, important for the team since it facilitates business continuity and the overall achievement of company's objectives. Innovation and Entrepreneurship at Bunnings Innovation models can be defined in different ways depending on their nature (Oke, 2007, pp. 564-587). Change is essential for growth and sustainability of Bunnings. The company has made efforts to improve and promote innovation and entrepreneurship. Innovation and entrepreneurship have a direct impact on the business since sustaining innovation increase the organization's sustainability. Through innovation and entrepreneurship, Bunnings has managed to deliver value and quality to its stakeholders. The company has, therefore, managed not only to improve the brand quality but also to extend the brand reach to its customers. Bunnings has increased the number of stores, came with programs that are customer oriented thus increasing the product value to them. Some of these plans of Bunnings include FlyBuys loyalty programs and also the PowerPass offers. These are some of the creative programs that this company has created through creativity and innovation to increase customer value. Innovative branding of Bunning's products and an increase in the number of stores has ensured that the brand reaches most of its customers (Chessum, 2017). Also, the company has managed to adopt technological innovation and accepted to handle the possible risks that may arise out of this. Implementation of the innovation ideas is associated with many risks. An entrepreneurial company, therefore, needs to accept these risks and work out on how to manage them. Bunnings Warehouse has established an online store which has facilitated convenience and easy reach to customers. Online sales have extended the company channel to reach more consumers. This use of technology has targeted particular customer segment and thus increased the market for products and services of Bunnings. Besides, Bunnings Warehouse has demonstrated its support of innovation through the use of technology by assigning dedicated technological expertise to handle technological innovations. This among others describes the commitment of Bunnings for innovation (Neilan, 2016). Innovation and Entrepreneurship have been the key value for the business longevity of Bunnings. It ensures the continuity of the firm despite the change in the business environment thus sustaining the business life of this company. Innovation should be continuous, and therefore there is a need for Bunnings implement the strategy that supports innovation in all ages. Failure to design strategies that ensure change sustainability can cause an end to an innovative culture at some point. It is also evident that innovation and entrepreneurship contribute to the business profitability and the general business growth. Bunnings is, therefore, able to benefit from the value derived out of these new ways of doing things and thus get financial gains out of innovation (Enkel, et al., 2009, pp.311-316). Also, Bunnings Warehouse may face challenges during innovation and entrepreneurship implementation. The primary challenge in the endeavor is usually the failure to align the implementation strategies with the business operation correctly. Approaches taken to achieve innovation in an organization must be in alignment with the company process else the business will face resistance in its course. Also, Bunnings should establish a risk management system to handle or mitigate the potential hazards that may arise out of this course. This can be attained through implementation of the system that identifies risks, perform risk examination and analyses, solve the risk and finally monitor and evaluate the possible risks that may happen again. Risk management system increases the company's entrepreneurial spirit or its willingness to support innovation (Midgley, 2010). Domestic contextual factors Impacting Bunnings Warehouse Political Instability The operations of every company depend on the political state of the country of exploitation. If the political condition of the country is stable, there is a likelihood of the company to thrive well, but when there is political instability, the organization's business operation is affected in many ways, hindering innovation and entrepreneurship, leading to low productivity and the general profitability of the business enterprise. The government regulations Different countries have different policies and regulations that may affect the business in various ways. Some state policies may restrict the general operation of the company and make it difficult to carry out some activities. Bunnings success can be partly attributed to the better government policies in the countries of its operation since most of its operations such as innovation are legalized, and the company has not had restrictions from the policies (Anders, 2017). Infrastructure Locally, infrastructure has an enormous impact on the organization's productivity and the general profitability. Basic infrastructural elements such as transport and telecommunication substantially affect the general well-being of the company thus lowering their profitability. Poor transport affects the movement of people and goods from destination to another while poor telecommunication system affects the information sharing among different people. International contextual factors impacting Bunnings Warehouse The Economic factors The Economic state of the world has the effect on the operation the company. The economic situation of the world is determined by many aspects like inflation, the labor conditions, and cost of production among many others. Companies make more profit when the economic state is good, but their profit is lowered when the economic state is bad. Companies need to come up with the strategies to apply during the hard economic state. Bunnings has managed to survive through bad economic states by its incorporation of the innovation and entrepreneurship culture. Cultural factors The operations of the company are significantly affected by the culture in the environment of operation. Different cultures have different effects on business. The beliefs of the people have the influence on what they consume and thus the specific products which they buy. It is, therefore, important for Bunnings to understand the cultural state of people in which it runs its business so that it can deliver the best for them that meets their cultural demands (James Szeman, 2010). Legal factors Legal factors have a great impact on business since the company must adhere to the established legal system. This includes tax laws, ownership rights, the business registration process and rewarding systems among many others. At times there are some established laws which are discriminative, and this impacts the business operation to a large extend. Bunnings should use innovation and technology to analyze, understand various legal systems and then come up with strategies to handle various legal issues. Conclusion In conclusion, innovation and entrepreneurship are critical to every business organization. Companies should put in place policies that control, promote and sustain innovation since it is the driver to sales. The best way of embracing change is through incorporation into the organizational culture. Companies that embrace innovation and entrepreneurship enjoy many advantages that increase their productivity and give them a competitive advantage. Making use of the latest technology is also the best for businesses to take since it helps them get reach to many customers and of various segments. Also, it is important for Bunnings to understand the various domestic and international contextual factors that can affect its business operation. References Anders Kjellberg (2017)."Self-regulation versus State Regulation in Swedish Industrial Relations." pp. 357-383 Booker L., Bontis N., and Serenko A. (2008). "The relevance of knowledge management and intellectual capital research." Knowledge and Process Management.15(4): 235246 Bunnings (2017).Retrieved from https://www.bunnings.com.au Chessum, Victoria (2017)."Bunnings Warehouse chain to replace former BQ site in Folkestone." Retrieved from Kentonline.co.uk. Christensen, C.M., Raynor, M.E. McDonald, R. (2015). What is Disruptive Innovation.hbr.org website at https://hbr.org/2015/12/what-is-disruptive-innovation accessed 05 May 2016? 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