Sweet Baby Shower Blessings

Baby showers are the most precious moments in the life of a to-be mother. She is filled with thoughts about her life being about to spin out of control. But a baby shower reminds her of the joys of motherhood. It is an occasion where friends and family members bestow their blessings and bring their good wishes. Here are some baby shower sayings to eloquently essay your thoughts if you are in a dilemma as to what to write on that baby shower card you just bought. Personalize your gifts and cards with these baby shower sayings. These lovely baby shower sayings will certainly linger on in everybodys memories. Baby Shower Blessings Mark TwainA soiled baby with a neglected nose cannot be conscientiously regarded as a thing of beauty.H. Jackson Brown, Jr.Always kiss your children goodnight - even if theyre already asleep.Jean LiedloffA babys cry is precisely as serious as it sounds.Carole TabronA crying baby is the best form of birth control.Elinor Goulding SmithIt sometimes happens, even in the best of families, that a baby is born. This is not necessarily cause for alarm. The important thing is to keep your wits about you and borrow some money.Marion C. GarrettyMother love is the fuel that enables a normal human being to do the impossible.Sophia LorenWhen you are a mother, you are never alone in your thoughts. A mother always has to think twice, once for herself and once for her child.Ed HoweFamilies with babies and families without babies are sorry for each other.Rick BraggThis is a place where grandmothers hold babies on their laps under the stars and whisper in their ears that the lights in the sky are holes in the floor of heaven.AnonymousThis baby is your blessing,I wish happiness in every way,Good luck God bless,I sayAnd many blessings and wishes,To welcome baby into your life todayJarod KintzI haven’t the faintest idea how babies are born, probably because I fainted on the day I was born.Henry David ThoreauEvery child begins the world again.Jarod KintzI’m not opposed to new people, I just don’t like their packaging (diapers).Carl SandburgA baby is God’s opinion that the world should go on.Don HerroldBabies are such a nice way to start people.Patrick RothfussIve never really understood the desire people have to quantify a baby. Hes X big and Y long, As if the baby is a fish youre not sure youre going to keep. Or some prize potato youre hoping will win a prize at the county fair.AnonymousTen fingers, ten toesShes laughter and teardropsSo small and brand newAnd amazingly angelicShes sent to bless youShes one special BabyThe best of lifes treasureAnd will gr ant and bless youMany hours of great pleasure.Erica EisdorferFor having a babys sweet face so close to your own, for so long a time as it takes to nurse em, is a great tonic for a sad soul.Edwin H. ChapinNo language can express the power and beauty and heroism of a mothers love.AnonymousTake a sprinkling of fairy dust,An angels single feather,Also a dash of love and care,Then mix them both together.Add a sentiment or two,A thoughtful wish or line,A touch of stardust, a sunshine ray...Its a recipe, for a Baby Girl truly fine.John StevensonA mother does not become pregnant in order to provide employment to medical people. Giving birth is an ecstatic jubilant adventure not available to males. It is a womans crowning creative experience of a lifetime.Charles DickensI love these little people; and it is not a slight thing when they, who are so fresh from God, love us.Jodi PicoultNewborns reminded her of tiny Buddhas.Samuel HoffensteinBabies havent any hair;Old mens heads are just as bare ;Between the cradle and the graveLie a haircut and a shaveLish McBrideYou know what the great thing about babies is? They are like little bundles of hope. Like the future in a basket.Tina FeyAh, babies! They’re more than just adorable little creatures on whom you can blame your farts.

Critical Analysis On Alcohol Misuse Essay - 1309 Words

Critical Analysis on Alcohol misuse in the workplace Summary The following is a case study of a male employee, drinking beers at work while working on a case study. His behavior addressed by his employer, as a result of his conduct. Even though he appears to be fully functional, his employer was not happy and is concerned about his employee’s wellbeing as well as his industry’s reputation. The employee sees alcohol used among employees during work as an expensive problem for the industry. Drinking alcohol while doing a case study can cause drinking problems for the employee. To illustrate the point, socializing during Christmas parties, happy hours and other work activities are contributing factors that could create an alcohol misuse within the workplace. After all, this employee is drinking while conducting a case study; this can place significant risks for the industry, especially, when the drinking in the workplace is a support by the industry. In this example, it is assumed that the use of alcohol while working is prevalen t and this assumption is practical for this employee to do ordinarily during work hours. What can the employer do to address drinking problems at the workplace during work? And is this program operated in-house with a confidential service for all employees? These issues can impact injuries, cause low employee morale, jeopardized the productivity of the industry. Analysis of the problems This study is to analyze the issue with an employee who wasShow MoreRelatedPersuasive Essay On Drug Abuse1228 Words   |  5 Pagesfriends using them, family environment that has violent, physical, or emotional abuse, and inherited genetics with mental health conditions as depression, anxiety, or ADHD (National Institute on Drug Abuse, 2014). Drugs become misuse whether it’s in recreational, narcotics or alcohol. According to National Institute on Drug Abuse, Substance abuse is accountable for and involvement in nearly 60,000 deaths annually in the United States (National Institute on Drug Abuse, 2017). Drug education can lead toRead MoreAlcohol Misuse Of Alcoholic Misuse1441 Words   |  6 PagesAlcohol use can be a main supplier of many intricate psychological experiences within the human practice, it is somewhat of an enhancer and for that reason it can sometimes be abused or over used. For this critical essay the argument put forth will be enhan ced by the ideals of Type I and Type II alcoholic misuse quantified by Higley Bennet (1999). Type I entails the alcohol misuse being the main instigator of anxiety and situational stress, whereas Type II complies with users experiencing impulseRead MoreThe Purpose Of This Paper Seeks To Analyze The Effects1208 Words   |  5 Pagesdifferences between peer and parent influence on the misuse of prescription drug as it relates to ethnicity. The second article to be investigation into prescription drug use misuse and drug problems as it pertains to motivational context. The third and final article seeks to education young adults on medical prescription drug use. A parent’s attitudes regarding substance use may help to clarify practical racial/ethnic deviations in prescription drug misuse among teens. The findings add provision to theRead MoreEffectiveness Of Raising The Minimum Drinking Age1540 Words   |  7 Pages INTRODUCTION Alcohol is a popular product that has permeated global markets and dominated Australia’s social and cultural spheres. The use of Alcohol transcends both time and geographical barriers, with historical accounts portraying vivid scenes of alcohol consumption to mark momentous occasions or the medium for misbehaviour. A phenomenon of adolescents drinking to intoxication has been observed in recent years. In order to understand the present situation it is vital to consider the social andRead MoreThe Importance Of Being A Competent Social Worker1490 Words   |  6 Pagesprofessional experience with a service user and outline the learning needs for development. This particular service user was making poor life choices, which were mainly due to alcohol misuse. I was assigned to work with Mr M, he was referred to our service as being a vulnerable adult. He was at risk of becoming homeless, drinking alcohol excessively and was making very poor life choices. He lived in a housing association flat and historically had been in conflict with his neighbours. The condition of hisRead MoreThe Importance Of Being A Competent Social Worker1490 Words   |  6 Pagesprofessional experience with a service user and outline the learning needs for development. This particular service user was making poor life choices, which were mainly due to alcohol misuse. I was assigned to work with Mr M, he was referred to our service as being a vulnerable adult. He was at risk of becoming homeless, drinking alcohol excessively and was making very poor life choices. He lived in a housing association flat and historically had been in conflict with his neighbours. The condition of hisRead MoreThe Aim Of This Chapter Is To Explore The Current Prevalence1238 Words   |  5 PagesThe aim of this chapter is to explore the current prevalence of substance misuse in the UK. The chapter aims to discover the prevalence of substance misuse, the character of individuals that misuse substances and the availability of substances on UK streets. The effects of this on individuals, families and community’s will be explored, as will the results this has on the UK prison population. We will end this chapter with a brief exploration of why individuals use substances, and why they becomeRead MoreEssay on Troubled Waters: a Commentary on quot;the Swimmerquot;732 W ords   |  3 Pageshappening to him and the reason for this is that the pools he is swimming in are actually representative of the alcohol he is consuming. This connection, between water and alcohol, will be found and explained through close critical analysis of this story in the following paragraphs. The most obvious observation that would lead to the conclusion of a connection between water and alcohol is that at most of the houses Neddy visits he either asks for a drink, is given a drink, or just takes a drinkRead MoreA Research Study On Human Conduct2212 Words   |  9 Pagesstated as â€Å"Issues of alcohol misuse among older people: Attitudes and experiences of social work practitioners† and this informs the reader about the aim and sample population (Shaw Palattiyil, 2008). The study design was not included in title and as suggested by Jack et al, (2010) that including a study design in title informs reader straight away the research design used therefore this can be viewed as a weakness. A better title could have been, â€Å"Issues of alcohol misuse among older people: ARead MoreLgbt Substance Abuse Treatment Best Practices2822 Words   |  12 PagesCollaboration (systematic reviews) yield no information on the topic of the LGBT community and substance ab use/use or chemical dependency. Because the LGBT community is often subject to discrimination within the healthcare system as a whole, it is critical for providers of substance abuse treatment programs to be aware and able to assist those who exist outside the heterosexual norm. LGBT individuals are, in general, less likely to disclose their sexual orientation or gender identity for fear of real

The Energize Insurance in India Essay Example For Students

The Energize Insurance in India Essay For Immediate Release India Insurance Industry Essay Writing Competition Winner Announced Ms Megha Asnani, Business Analyst with Accenture Service Private Limited was declared winner of the 2nd India Insurance Industry Essay Writing Competition organised by Asia Insurance Review in conjunction with the India Rendezvous. Ms Asnanis essay on the topic: An Indian Solvency II? stood out for its originality and in-depth analysis of the subject. Ms. Asnani will receive a cash prize of S$5,OOO and she will also make a presentation of the winning essay at the 5th India Rendezvous in Mumbai on 20th January 2012. The Energise Insurance in India essay competition drew entries from some of the best insurance writers in India and was Judged by a distinguished panel of top industry professionals and chaired by Mr Yogesh Lohiya, Chairman and Managing Director of GIC Re. Others in the Judging panel included: Mr Jan Mumenthaler, Head- Insurance Services Group, Business Risk Department, IFC; Ms Joan Fitzpatrick, CEO, ANZIIF; Mr Michael J Morrissey, President CEO, IS; Mr Dezider Stefunko, Chief, Insurance Unit, UNCTAD; Mr Jawaharlal Upamaka, Editor, IRDA Journal; Mr A K Roy, General Manager, GIC Re; Mr K Raghunath, Vice President, Reinsurance, Bharti AXA General Insurance Co; and Mr G V Rao, Chairman CEO, GVR Risk Management Associates. More details at wrww. asiainsurancereview. com For enquiries, please contact: Asia Insurance Review Ms Ann Tay, DID +65 6224 5583 or email: [emailprotected] com OR Mr Jimmy John, DID +91 98302 46752 or email: [emailprotected] com An Indian Solvency II? Word count : 4552 Megha Asnani Business Analyst Accenture Service Pvt. Ltd. Pune megha. [emailprotected] om megha. [emailprotected] com Years in Insurance 4. Years Pagel of 18 Insurance is the business of selling commitments of transfer of risk to the policy hold ers. Thus financial health of an insurerl is of utmost importance if it were to honor its commit ments to policy holders in form of insurance policies or treaties. However, no catastrophe is in control of any insurer thus it becomes important for the risk carriers2 to keep their claim payin g capacity at much hig her levels than its liability, at any point of time. A solvency for an insurer corresponds to its claim paying ability. An insurer is insolvent if its assets are not adequate over indebtedness) or cannot be disposed off in time (illiquidity) to pay the claim. The solvency of an insurance company (financial strength) depends mainly on whether sufficient technical reserves have been set up for the obligations entered into and wh ether the company has adequate capital as security. It can be described by the following formu la: Solvency = Ability to pay the claims of policyholders = (Policyholders assets Policyholders liabilities) In 1970s the life insurers of Europe were required to maintain the size of their assets more than the size of their liabilities by a margin. This margin was known as Solvency Marg in. This margin takes care of unanticipated claims that have potential to make an insurer insolvent thereby creating an awkward situation for the insurance company, regulator as well as the government. The solvency margin is thus aimed at preventing such a crisis. Nowaday s solvency margins have become norm in Insurance Industry globally. Indian Solvency Norms In 1994, the Union Ministry of Finance constituted an expert group to formulate solvency margin requirements for Indian insurance companies. The regulations of many countries before framing the current regulations. As per the IRD A (Assets, Liabilities, and Solvency Margin of Insurers) Rules 2000, both life and general insurance Insurer here refers to Direct Insurers and Reinsurers operating in life and non- life domains Insurers or Reinsurers 2 Page 2 of 18 companies need to maintain solvency margins. Indias solvency regulation is a hybrid of the I-JK and Canadian norms. The regulation follows the UK model while the regulators admi nistrative fiat to maintain a 50% extra margin is taken from Canada. This 50% extra capital cush ion is to make sure that a breach is never reached by insurers or has a very low probability. It also nsures that a fraudulent insurer is caught much earlier. According to IRDA (Assets, L abilities and Solvency Margin of Insurers) Regulations, 2000, all insurance companies are required to maintain the solvency ratio of 150% at all times. It also mandates all insurers to file the Statement of Solvency Margin (General Insurers) as on March 31 every year. But post relaxation of controls on the tariffs for the general insurance industry, there was a need to moni tor the solvency position of all insurers at shorter intervals. The regulator mandated all insurance companies to file their solvency position as at the end of each quarter. It was expecte d that the stipulation would enable insurance companies to lay down their business plans and be in a position to meet their capital requirements in a timely manner. Challenges/ issues in the present solvency norms in India Solvency is a part of prudential norms and as risks increase across markets, the solve ncy margin also needs to go up tangentially. In order to satisfy the solvency margin requirements, companies have to systematically build up reserves by transferring a part of the surplus to a special reserve called Solvency Margin Reserve. However, transferring the surplus w ll result in a reduction in bonus rates declared and make insurance unattractive vis- a-vis other financial instruments. Therefore, only a part of the amount needed to meet solvency margin requirements can come from the surplus held back. The balance requirement has to be met by other sources for capital, which include: Share capital Free reserves in the shareholdersfund Difference between the market value and book value of assets Page 3 of 18 This coupled with the FDI restrictions in private insurers and mandatory majority gov ernment shareholding in public insurers constrains capital raising and poses significant challenges for nsurers to maintain 150% solvency margins in a fast growing industry scenario. What is Solvency II? Solvency II is an European Union (ELI) legislative programme to be implemented in all 27 Member States, including the I-JK. It introduces a new, harmonized EIJ-wide insurance regulatory regime. The legislation replaces 13 existing EIJ insurance directives. The o bJectives of implementing Solvency II are: Improved consumer protection: It will ensure a uniform and enhanced level of policyholder protection across the ELI. A more robust system will give policyholders greater confidence in the products of (Re)insurers. Multicultural Education: Piecing Together the Puzz EssayAs ins urers take steps to better manage their capital, theyll generate more operational data, which in turn will enable more informed and improved decisions. A study conducted by SunGards found that more progressive organizations, typically large companies with more than E25 billion in assets, see Solvency II as a real opportunity to create business advantage. They are likely to commit management resources to understanding the scope of the work involved and are gearing up their people and processes accordingly. Solvency II is an incentive for both insurers and reinsurers to adopt a risk- based management approach that is based on properly measuring and managing their risks. Solvency II would break the departmental silos as it would require Senior executives, risk, actuarial and IT de partments would require to work together to develop the reporting practices, management reports and other internal MIS necessary for building a risk aware corporate environment thereby providing Page 7 of 18 ctive on other business opportunities that the company should be exploring. As they optimize their governance structure and enhance their reporting standards with statuary reports and public disclosure, the business as a whole will benefit. By implement new risk management processes and systems, insurers will improve their ability to track and report their exposure to r isk. Asa result, they will be in a much stronger position as they plan for business developmen t, manage their liquidity and risk appetite to optimize their return on capital reserves. To summarize, Solvency II promises to bring greater transparency to insurance ompany operations along with more and better information for improved operations and competitive advantage. By addressing the wider ERM issues raised by Solvency II, companies can minimize operational risk, potentially minimize the IT cost base, implement enhanced processes that create a more flexible organization and so potentially lower their capital requirements. Companies who imbibe the principles and purpose of solvency II would also get competitive advantage apart from maintaining good financial health of the organization. Challenges to implementing Solvency II norm Data Collection for timely risk assessments Collation of accounting, risk and actuarial information Systems process and data need to be streamlined Solvency II directives shall affect monocline insurers and benefit the large diversified groups as they would avail the benefits of diversification credits. This can discourage the specialist insurers such as Health insurers. Page 8 of 18 Challenges before IRDA and an Indian Solvency II Initiative The IRDA was founded, to protect the interests of the policyholders, to regulate, pro connected therewith or incidental thereto. Since opening up of Insurance Industry IRDA continues to refine t e Indian regulatory environment and address India- specific problems and purposes like 0 Increase insurance penetration Extend the insurance services to rural areas of country Improve financial literacy Create conducive environment to attract more new players in market. Regulations for curbing malpractices and set up systems and process to protect inter est of policy holders. Ensure overall growth of the sector by following Inclusion Philosophy. Today, there are 2 dozen general insurance companies and an equal number of life i nsurance companies operating in India, and the insurance sector is a ignificant piece of the Indian economy, growing at a rate of 15 to 20 percent annually. Most companies are Joint ventures with foreign partners thus close attention is being paid to how Solvency II will play ou t in this marketplace. The European Unions Solvency II regulations promise to be a huge catalyst for change within the insurance industry. Though it is not expected that IRDA would exactly replicate the model of Solvency II in India however it can learn many new and better ways to regulate the sector. Solvency II has had its own share of appreciation and criticism, and considering both, IRDA can formulate norms and guidelines or systematic and exponential growth of the industry adopting some of the guidelines relevant to Indian Insurance industry from Solvency II. IRDA has initiated some action on these lines. The recent guidelines issued by IRDA to Indian insurers broadly suggest alignment with the Solvency II regime that in Page 9 of 18 Beginning with the initial IRDA Regulation in 2000, IRDA has issued ongoing updates and guidelines both for company activities within India as well as for compliance with Inte rnational Financial Reporting Standards (IFRS). Some of the key areas touched upon by IRDA in an ndeavor to prepare Indian Insurance sector for an Indian Solvency II regime are: Capital Management The IRDA Regulation 2000 a set of regulations for valuation of assets, liabilities and solvency margin and the minimum capital requirement for setting up of insurance companies, ensure s that the capital with each insurer is large enough to withstand any eventuality. At present, the Indian insurance industry follows a simple formulaic approach and is related to the total amount of business that an insurer transacts. The minimum solvency capital that insurers are required to hold is 150% of Required Solvency Margin (RSM) calculated a per the guidelines. No ratios have been prescribed for assets, and the solvency margin is sim ilar to EIJ Solvency l. Recently, IRDA has asked the companies to calculate economic capita14 and submit their calculations along with the Appointed Actuaries Annual Report beginning with their actuarial valuation. IRDA has published a report on calculation of economic capital as a reference for Indian insurers. Insurers are required to conduct a calculation of economic capital an d submit a report every year starting from 31st March 2010. The EC calculation recognizes the capital requirement for specific risks a non- ife insurance company is exposed to, as opposed to a formula approach based on simple proportion of premium or claims. The EC is calculated as the sum of EC for: Underwriting Risk, Market Risk and Other Risk. 4 Typically, Economic Capital is calculated by determining the amount of capital that th e insurer needs to ensure that its realistic balance sheet stays solvent over a certain time period with a pre- specified probability. E. g. The EC may be determined as the minimum amount of capital required to make 99. 5% certai n that the insurer remains solvent over the next twelve months Page 10 of 18

Wallia Sports Company Growth Prospects

Introduction It is quite evident that from the reasons behind the formation of the Wallia sports company as well as the professional qualifications possessed by its founders, the company seemed to have good future prospects. The founders had done thorough marketing survey and analysis and discovered that the products they were about to unveil could do well in the market and give the company the anticipated cash flow.Advertising We will write a custom report sample on Wallia Sports Company Growth Prospects specifically for you for only $16.05 $11/page Learn More They were in fact in full compliance with marketing strategies that required marketing research of any pilot product which was about to be introduced into the market to test its viability (Klofsten 2002,p.32). Secondly, the pioneers had a wealth of skills and experience in starting up of companies and management of the same. The managers were people with excellent credentials and professional qual ifications. They had all that was required to prosper the company and make it a success. The investors and other stakeholders had confidence and their willingness to inject their funds in the company clearly showed that they had hopes in the company. The company had the ability to expand, grow, expand tremendously, and meet the investors’ confidence. Business Platform Framework In order to justify the company’s current financial situation, an analysis tool referred to as Business Platform was applied. This would clearly tell to what extend a company was vulnerable to being insolvent or liquid. The financial strength of a business could be ascertained using this analysis tool at any stage and establish the chances of survival for such a company (Klofsten 2002, p. 32). The financial stability of Wallia Sports Company would determine whether the company would be able to meet both present and future financial obligations and also the chances of its survival in the industry . How a Business Platform can be Achieved in Wallia Sports Company For any business entity to attain a business platform, there are crucial key elements necessary for that business to operate. The resources flow ought to be secured. One of these key elements is the market. There must be huge and reliable market where the company is planning to sell its product before developing it. The market developers would need to study general commercial potential and then report their findings to the management of the company. Wallia Company in its initial stages of establishment collaborated with other stakeholders and marketing was carried out from all perspectives. The market analysis was done long before the company was founded. However, despite their good start the company had recorded poor sales results in the past three years an indicator that something was not going well. There has always been a link between the sales of a company and the market. How good the market is would determine t he amount of sales to be realized out of sale of a product.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The second crucial element is the product being offered. The product in question in this case is digital tachometer and stepometer. These are gym equipments and the company should be ready to meet the demand for the two products. The quality of these equipments should also be remarkable to make them appealing and increase the sales of the company. This would boost the company’s image and reputation and make it popular to the different gym and sports companies. Customers and external relations is another key element that should not be neglected. There should exist a good relationship between the customers and the company. This would enhance the communication between the two and customers would get an opportunity to express their views concerning the product being offered. The c ompany management would on the other hand be able to adjust their products to meet the customer satisfaction. External relations to other stakeholders would also be important for instance financial institutions as the company can obtain financial reinforcements when in financial difficulties. Like in the case of Wallia Company, it had been portrayed through the interest created by various investors who injected their money in to the company showing that they had confidence in the company. Finally, the company needs to have appropriately skilled and organized staff to manage the resources of the company. This is a crucial ingredient in the management of a company since no matter how much resources are owned by a company, without the proper management, it is meaningless (Greiner 1972, p.85). The staff should be qualified with relevant skills and professionalism should be the guiding principle in hiring of new staff. In the event that key staff exit the company or the market disappears ,the platform could be easily undermined. Storey’s 4ms (Management, Market, Money and motivation) Managers do rely on Storey’s 4ms to aid in the management of their company’s affairs. All business entities revolve around the four elements above to achieve their firm’s goals and objectives. The managerial structure of all organizations revolves around the four elements (Scott Bruce 1982, p. 56). The first aspect, management is the overriding element. It simply means getting things done in a systematic and right way. There is no company that can make any substantial progress if its management is not well coordinated.All the employees of an organization would need to observe proper delegation of duties, specialization and total commitment. The management of Wallia Sports Company seems to meet all these criteria and if this was the only determinant of the company’s futuregrowth, then it would happen definitely. Market is another feature to consider. T he nature of the market should be taken into consideration. We might have a market whereby customers are scattered over wide area and in such a case, an appropriate means of transport would be required to distribute the products. In addition, the number of competitors and the degree of substitutability of the product on sale should be taken into consideration.Advertising We will write a custom report sample on Wallia Sports Company Growth Prospects specifically for you for only $16.05 $11/page Learn More There is an issue of money management. Money aids in acquiring the inventory to put up a business, pays the bills and is used to acquire other required resources for the expansion of business. Proper financial management is called for to maintain financial stability in an organization. The management of a company would need to make various financial decisions, for instance it might decide to sell its stocks. Finally, there is motivation. Some people do not take motivation as a major factor in management. It is always important for the management of the company to appreciate the efforts of its employees through rewarding them and promoting them when they deserve it. The future of Wallia Sports Company could be compromised because its market does not look prospective and no motivation had been witnessed on the part of employees anywhere. Eight cornerstones of the business platform All the eight cornerstones have been covered in the above discussion. Four of them are related to the company’s development and include idea, product, market and organizational development. Product refers to the commodities that are flooded to the market for the consumers to buy. The other two cornerstones which are: Core group expertise and prime mover and commitment, are related to the founders and CEO of the company. â€Å"Core group expertise is the variety of technical expertise required to start and run a business. The remaining two cornersto nes are related to external supply of resources and include customer and other firm relations† (Klofsten 2002, p.32). Company’s failure to sufficiently develop one of these cornerstones would imply the entire platform is undermined. How Business Platform is applicable to a Business Enterprise According to Klofsten (2002, p.32), if a business does not attain a platform within the first three years, it will not succeed. Some businesses cannot develop cornerstones during this duration. Failure to develop them during this time means they would never be developed and such a company would face severe repercussions. In the event that they are developed, such a company would continue to grow and progress and there would be no possibility of it shutting down or going bankrupt. Despite the fact that Wallia Sports Company was unable to realize high profits in the first three years coupled with low sales volume, it has been able to develop all the other cornerstones thereby giving some hopes to its investors. Stages of Growth Small enterprises normally undergo various stages through their development processes. This is a business evolution through which every business entity must go through (Mueller 1972, p.94)Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Start-up: The firms in this stage have simple organizational structures. There is no decentralization and the firms are highly centralized with informal set up. The company’s focal point is product development and they are driven by profit motive. The mean sales revenue growth is approximately 91 percent per annum and the mean employment growth is about 29 percent per annum. Expansion: Firms in this stage are slightly older and bigger enterprises. Their organizational structures are more complex. There is very little decentralization if any and the firms are still centralized. The firms begin to adopt functional specialization and the firm’s focal point is no longer product development but product commercialization. The mean sales revenue growth is much higher than that during the start-up stage and is estimated to be about 297 percent per annum. The mean employment growth is about 94 percent per annum. Maturity: The organizational structures of firms during this stag e are more complex. Enterprises are relatively larger and centralization is going down while formalization going higher. Mean sales revenue growth is about 99 percent per annum and the mean employment growth is 28 percent per annum. Diversification: The firms are medium-sized and they begin to have specialized structures. There is minimal centralization and formality is very high. Mean sales revenue growth is about 37 percent per annum while mean employment growth is 57 percent per annum. Management styles These are ways of formulating decisions and delegating them to subordinates. There are different management styles that include (Scott Bruce 1982, p.72): Autocratic: Under this style, the manager makes decisions unilaterally. Decisions will only reflect the views of the manager. Paternalistic: Decisions take into consideration the best interests of the workers. Communication is from the top to bottom and feedback to the management is advisable to boost the morale of the staff. Democratic: All the employees participate in decision-making. The communication is extensive in both directions and the majority agrees upon everything. Laissez-faire: This style of leadership is characterized by horizontal communication. There is also uncoordinated delegation of duties amongst the employees of an organization. Product Life Cycle Churchill Lewis (1983, p.42) point out that there are various stages through which a product passes from the initial introduction in the market until it exits from the market. It is an analysis of the life of the product in the market with regard to commercial costs and sales measures. These stages are four; Market introduction stage: In this stage, costs are extremely high, there is very minimal or no competition and there are slow sales volume. Growth stage: There is significant increase in sales volume.There is also rising profitability and reduction in overall costs due to economies of scale (Dodge Robbins 1992, p.54). Maturity: The overall costs are low. The number of market competitors has gone higher and industrial profits come down. Saturation and decline stage: Costs become counter-optimal. The profitability of the company diminishes and there is total stabilization of the sales volume. Conclusion The entire analysis of the case study with regard to Wallia Sports Company reflects the company’s position and its growth prospects. (Klofsten 2002,p.32) in his book â€Å"Business Platform† puts it clear that any business enterprise that is unable to sufficiently develop all the Business Platform cornerstones leaves its future in a compromising situation. The company had been unable to adhere to all the cornerstones, for instance after three years the company was only able to employ only four employees and at the same time the company’ turnover was very low with comparison to the total capital injected into the company. The other reason as to why this company might not grow in future is lo w-recorded sales volume over the past years. This could affect the company revenues to a large extend and drive it to bankruptcy level. List of References Klofsten, M 2009, Entrepreneurship and the PhD: A Case study of a doctoral mobility program, Paper for the Triple Helix Conference, Glasgow, Scotland. Dodge, R Robbins, J 1992, Stage of the organizational life cycle and competition as mediators of problem perception for small businesses, Strategic Management Journal, vol.15, no.2 , pp.121-134 Churchill, G Lewis, V 1983, The five stages of small business growth, Harvard Business Review, vol.61, no.1,pp. 1-8. Greiner, L 1972, Evolution and revolution as organizations grow, Harvard Business Review, vol.50, no.4, pp.37-46. Mueller, PC 1972, A life cycle theory of the firm, Journal of industrial Economics xx, vol.2, no.1, pp. 199-219. Scott, WG Bruce, 1972, Stages of Corporate Development-Part 1: Case No. 9-371-294, Harvard Business Review, vol.49, no.4, pp.37-46. This report on Wallia Sports Company Growth Prospects was written and submitted by user Katie Jackson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.