Cyber Events That Cause Terror in the Australian Population

The cyber events results to too many deaths in the world today. Computers and communication systems are linked together thus making everything else to rely on software and this has paved way to terrorists today. Terrorists organize crime and terror attacks through cyber and the target is increasing towards the Australian government website. Though Australia is a prestigious country, it attracts the attention of the world despite its population.The cyber threats are directed towards critical infrastructure like water, IT, banking, energy, and finance and communication industries in Australia. Events that causes cyber terror in Australia include cyber malicious messages, bullying where false rumors are spread online which are defaming and offensive content found in the cyberspace (Roberts, 2007). Offensive information is harmful to the population of Australia given that it exposes people to criminal vices. Forgery and plagiarism against intellectual property is another cyber event that terrorizes the Australian population.Virus attacks by computer zombies through the internet and unauthorized access on individual’s information is threat-full to the population in Australia. Furthermore, financial losses due to theft of proprietary information from laptops by installing Trojan horse on machines thus enable him to make his attack. The terrorist cyber events include triggering of explosion remotely at a target in the population thus victimizing innocent people in the propinquity of the explosion.The terrorists use the computers to deliver political threats so as to influence the government of Australia to act in the wrong direction thus destroying property of the public or intimidate the public so that they may start violence (Roberts, 2007). In conclusion, the public should guide their cyber space against viruses, hackers and worms thus protecting themselves against cyber terrorism by use of anti-virus software’s and Norton personal firewall to guide a gainst hackers. References Roberts, L. (2007). †Crime Online†. Australian and New Zealand Journal of Criminology, Vol. 40, pp. 1-15 Cyber Events That Cause Terror in the Australian Population Cyber crimes in Australia have continued to increase taking different forms and processes. They have been the center stage in the promotion and execution of terrorism and terror attacks in the country. Development in computer and internet technology is providing an overwhelming condition with which cyber crimes can be instigated in Australia.They are directed towards different areas such as, transport, water, energy and communication industries. Cyber crimes have thus been dominant and providing a growing threat to Australia. It is important that the society at large guide their cyber space towards actions of protecting any cyber threat which may imply terrorism and other harmful attacks

Ranbaxy Case Project Essay

Eli Lilly Ranbaxy is an example of a joint venture that was pursued with the right strategy, which was a result due to a changing US pharmaceutical market and a rapidly expanding India market. The two companies in this IJV were both significant players within their home countries, Eli Lilly and Company in the US and Ranbaxy Laboratories Limited from India. When the possibility of establishing a joint venture was approached in 1992, the Indian market for pharmaceuticals was becoming more open to foreign direct investment. Also India at the time was putting a limit on the amount of foreign ownership, from 40 percent to 51 percent, creating less foreign competition in the region. With numerous of opportunities opening up within the Indian market, Eli Lilly saw this as a stepping-stone for future clinical testing. Both companies having common backgrounds and goals of being a research oriented international pharmaceutical company, embarking on a joint venture seemed ideal. Eli Lilly would establish a presence in the region and gain access to the distribution network enjoyed by Ranbaxy. Furthermore, this JV would result in lower costs in production as well as basic research, which are considerable factors in their broad strategy. The evolution of the international joint venture was strategically handled with early success, starting off with the name of the company, Eli Lilly Ranbaxy; it was strategically named for future success within the region. Mascarenhas stated, â€Å"The reason for this was based on my earlier experience in India, where ‘good quality’ rightly or wrongly, was associated with foreign imported goods. Eli Lilly Ranbaxy sounded foreign enough! † With Ranbaxy being the largest manufacturer of bulk pharmaceuticals in India, and with a domestic market share of 15 percent, they provided the knowledge needed for the local market and helped establish a name in the region for Lilly. Mascarenhas and Gulati had a good working and personal relationship; they had good interdependent communication, which was a crucial factor in the JV implementation and because Ranbaxy provided Eli Lilly with easy entrance and networks to the Indian market. After the establishment of the joint venture the two companies focused on creating an organization where there was strong support from both sides. Many employees had an opportunity to establish a legitimate career within the Eli Lilly Ranbaxy Corporation. Indeed, this was refreshing considering the high turnover rate within the industry, where the union served as a crutch. Within a year after building the infrastructure from the ground up, the JV was able to launch different products and had more than 200 employees. The joint venture provided product and marketing strategies, in which they employed successful corporate social responsibility of providing the physicians with relevant medical information Ranbaxy and Lilly were two companies that were successful in establishing a joint venture because they had a lot of the same common values. They both had high ethical standards, when presenting their products to doctors within the market; they would answer all questions correctly and to the best of their knowledge. Since their products were not known within the local market, Eli Lilly used a strong sense of honesty called the â€Å"Red book values†, with local doctors and began to gain their respect and trust. Andrew Mascarenhas, from Eli Lilly and Company was the first successful managing director for the joint venture. Throughout his tenure he helped shape and build the joint venture from the ground up. With a driven initiative and was responsible for the hiring of the sales force and recruitment of medical doctors. As a leader, Mascarenhas was faced with unique challenges; he had to deal with cash flow constraints, limitations on pricing and other government regulations. Also within the Indian market there was low recognition and high turnover rates for sales jobs. Mascarenhas and his team had to strategize on how to appeal to a wider range of employees through future opportunities amongst the company. Eli Lilly Ranbaxy invested in a training program. The program was created for the employees to hold strong values for the positions they were hired for and the positions were customized to Indian standards. Mascarenhas brought Eli Lilly’s values to the joint venture; he was instrumental in the training program and made sure those values were shared. When Mascarenhas was promoted in 1996, the new managing director was Chris Shaw. Having a significant background in operations, Shaw helped the company focus on establishing stability through new systems and processes. He expanded the product line and organized a team to make sure there were standard operating procedures (SOPs). These procedures would help the joint venture maintain a productive flow. Aided by his knowledge in marketing, the JV saw an improved growth in sales. Rajiv Gulati was shortly promoted after Chris Shaw. Already having history with the joint venture Gulati was initially the director of marketing and sales. He saw his time as the director an opportunity for growth, which was achieved by implementing medical and regulatory units which helped the company exceed the average growth rate in the Indian pharmaceutical industry. One of the challenges faced by Gulati was Lilly’s name was not commonly known amongst doctors in the market. Gulati and his team came up with the idea of using Ranbaxy’s name to lead as a foot in the door, and helped the company gain brand recognition. Also Gulati faced the challenge of trying to distribute a product that was already being sold amongst manufacturers. Through marketing and establishing trust with the doctors the company was able to establish their presence in India. The initial start up of the joint venture was faced with constant challenges, many in the form of government regulations but because of the functional working relationships between Mascarenhas and Gulati, the JV reached their break-even point in 1996 and soon realized profitability. With the growth of the pharmaceutical market the company also went through significant changes to keep up with innovations. New managers were introduced during the course of these changes and launched multiple new successful units, which saw a steady annual growth rate of 8 percent. The joint venture also became the world’s 12th leading pharmaceutical supplier in over 150 countries by 2001, and continuously developed new drugs through extensive research and development. Overall the performance of the IJV was a success. Each company learned from the joint venture that marketing network was important to have in order to enter the market in India. They also learned the importance of patent protection and how much a role the government can play in the protecting that proprietary knowledge. A patent is needed in order to price their products, and to protect their innovation for a certain time. When they learned the patent laws changed in India, it encouraged them to establish a joint venture there. The experience brought about by the international joint venture helped both companies enhance its overall market line and its potential of innovation and discovery. Eli Lilly and Company gained experience in the market perspective of Asian countries while establishing India as their hub. Also they gained significant experience in how to introduce their products within a market where they were not commonly known. Overall Eli Lilly Ranbaxy gained vital cooperation and communication amongst each other. Establishing a very accessible management staff contributed to the early on success of the joint venture. The commonality of the two companies also created ease within the company and allowed the company to grow in profits and outputs without any disruption or disagreements. Though the two companies have established a very successful lucrative company amongst the pharmaceutical industry the action that would be wise to do is to establish a 100% wholly owned subsidiary for Eli Lilly. The main reason for the they separation, is that each company started to focus on different objectives when the industry started to grow, Ranbaxy focusing on generics and Lilly focusing on research and development. To implement this action Eli Lilly would have to buy out Ranbaxy’s stake within the company. With Indian regulations favoring towards a more foreign owned market, this strategy would allow Eli Lilly total ownership and control over their present and future products specifically because of enhanced patent protection for the pharmaceutical industry. Though this is action could lead to potential profits in research and development for Lilly, the implications of these actions could come with potential losses, not factoring in the cost of the buyout. If the IJV were to break apart there is no clear explanation on the future financial outlooks of their company. Furthermore, it can create an unforeseen competition. However, it would allow each company to focus on their own agendas and it would also inject much needed cash flow for Ranbaxy and allow them to concentrate on the generic market. In order keep up with success a company must keep up with the market, and the market was clearly leading Lilly into the path of a fully owned subsidiary. There are risks associated with this but because the JV was already in such a strong position and aided by the new laws, the potential profits of this action is well worth the consideration.

Company Law and Companies Act Case Study Example | Topics and Well Written Essays - 3500 words

Company Law and Companies Act - Case Study Example Alistair Darling, the Secretary of State of the department of trade and industry in the UK had stated that the act would be implemented before the year 2009. However by the end of 2007, most of the provisions had have been put into effect. Therefore, the Company Act 2006 is being implemented step by step. One of the important provisions that are being implemented in the Company Act 2006 is Derivative Claims. Derivative claims allow the shareholders to act against the board of directors on behalf of the company. This has been a bold step by the Parliament of the United Kingdom since it was not possible for the shareholders to have this level of control the company. The objective of the Parliament is therefore to make the legislation pertaining to the company law which is more flexible and more modern1. Thus the shareholder can bring forward a legal claim against the director of the company, if the shareholder has a valid reason to do so. Generally, the reason behind shareholders actio n against director is a wrong committed by the director against the company. The sections of the Companies Act 2006 are sections 260 to sections 264. ... These sections make it necessary for the shareholders to ask permission from the court for continuing their action against the directors. The shareholders require basing their action against the director on grounds such as proposed or actual action or action by a director which includes breach of trust or a breach of duty against the company, or default and negligence towards the expected duties of a director. The proceedings are usually brought not in the name of the shareholder but in the name of the company. Furthermore, the claim can be brought not only against the director, but also against the shadow director or a former director of the company. Geoffrey Morse(2007, p.5) states 'Part11 identifies a procedure whereby a member of the company may seek to institute a derivative claim ( in England and Wales or northern Ireland) or derivative proceedings(In Scotland), and actions seeking relief on behalf of the company in respect to a wrong done to it. Henceforward, derivative actions may be brought only under this part or as a result of a court order under the unfair prejudice provisions of the Act. However, not all wrongs done to the company may be the subject of a derivative action under Part 11. Only acts or omissions by directors may give rise to derivative actions and where those acts or omissions involve negligence, default, breach of duty or breach of trust.' Derivative Claims Derivative claims is a process which can be divided into two broad stages. First of all, the shareholders need to show they are acting on behalf of the company and don't have vested interests. Additionally, courts need to ensure that are conforming to the guidelines or the provisions laid down by the Companies Act

Accounting for Decision Making Essay Example | Topics and Well Written Essays - 1250 words - 1

Accounting for Decision Making - Essay Example Break-even level of sales = Break-even units*Selling Price (Keiso, 1999) = 148148.15*170 = $25,185,185 Strategy #2 Fixed Cost = $25,000,000 Selling Price = $200 Variable Cost = $35 Break-even level of output = = = 151,515 units Break-even level of sales = Break-even units*Selling Price = 151515.15*200 = $30,303,030 Desired Target of Profitability The company's desired profitability target is $4 million. According to the break-even level of sales, the company must exceed the above revenue levels according to both strategies in order to be able to make profits. If the output levels, as given in the table, are taken into consideration for calculation of optimal revenue which exceeds breakeven and offers the firm with its target profitability level, the following table would provide the relevant answers to base our analysis with. Strategy 1 Â   Selling Price = $170 Estimated demand (units) Estimated Revenue ($) Profit ($) 150,000 $25,500,000 $314,815 180,000 $30,600,000 $5,414,815 200,0 00 $34,000,000 $8,814,815 Hence, if the company undertakes strategy 1, as can be seen in the table above, output levels of above 180,000 units would allow the firm to fulfill and exceed its target profitability level. This range of output also fulfills the break-even level of output therefore the firm is satisfying its desired profitability level. (Keiso, 1999) ... This level of output also has the highest probability of consumer demand levels hence the firm will benefit from undertaking this level of production and fulfilling its profitability targets. (Keiso, 1999) Margin of Safety Margin of Safety: Budgeted/Actual Sales - Breakeven Sales (Keiso, 1999) Margin of Safety (%) : MOS/(Budgeted/Actual Sales) (Keiso, 1999) Strategy 1 Â   Â   Estimated demand (units) Breakeven Sales (units) Margin of Safety (units) Margin of Safety (%) 150,000 148,148.15 1,852 1.23% 180,000 148,148.15 31,852 17.70% 200,000 148,148.15 51,852 25.93% Strategy 2 Â   Â   Estimated demand (units) Breakeven Sales (units) Margin of Safety (units) Margin of Safety (%) 150,000 151515.15 -1,515 -1.01% 180,000 151515.15 28,485 15.82% 200,000 151515.15 48,485 24.24% As stated above, the margin of safety can be expressed in either units or a percentage of the total estimated sales. These figures are important for key decision making for managers because it shows the extent by which the projected sales exceed the break-even sales. The margin of safety is an important measure of risk as it shows the amount of sales which a firm can afford to vary without incurring a loss. The higher the number, the more beneficial it is for the firm since the company would be able to withstand fluctuations in sales. A drop in the levels of sales, lower than the margin of safety would alarm the management since it would cause losses for that particular period for the firm. (Keiso, 1999) Decision The decision of whether the company should go ahead with the new product should include many other ratio and cash flow analysis and evaluations so that the management, even though they cannot avoid any risks, are able to come up with more suitable decisions. However, based

Healthcare Law & Ethics class - online discussion Personal Statement

Healthcare Law & Ethics class - online discussion - Personal Statement Example Some businesses benefit from having owners that are active participants in the business that is their livelihood. The only potential opening for unethical behavior would be if this radiologist is interested in abusing her position or finding negative and underhanded means that could undermine the clinics integrity; or was in anyway, compromising patient care, which is not yet an issue. In fact, as stated prior, it is a possibility that the partnership could be beneficial to the clinic not a hindrance. However, again, the ethics of the situation has less to do with the proposed scenario and more to do with the individual that is in the scenario. Some have suggested that the sale of organs in the U.S. would increase the supply of viable organs for transplant. Others have said that only voluntary donation is ethical under the U.S. system of medicine. Should someone in India, for example, be permitted to sell a kidney for $40,000 when there is a willing buyer from the U.S. who is in need of a kidney? What are the issues here? It is proposed that the potential sale of human organs would increase the number of organs available to those who may need them. However, it is also just as likely that the allowance of such sales would lead down a much darker path. By allowing the individual sale of organs creates a market; supply and demand. Simply put, it is very likely that instead of having more potential organs for those who needed them, there would be less. People are going to be less civically moved to donate organs, when there is a possibility of an economical motivation. Why donate when you can make a profit? Secondly, a strong issue is that once a high dollar value is placed on human parts, then it is no longer about who needs the organ the most, due to condition and severity, but to whom can pay the most to receive it. This is where the

Human Resource Management Issues Essay Example | Topics and Well Written Essays - 750 words

Human Resource Management Issues - Essay Example When the management structure will be revamped and there will be supportive and conducive work environment for the employees, the motivation level of staff will be enhanced and they will be reluctant to leave the organization. Hence, by altering the management structure, an organization will definitely be able to address this HR issue and ensure that it has a productive and highly effective workforce. One of the major problems that are faced by an organization is high employee turnover and it has been found by Guest (2011) that the key factor that causes increase in this turnover rate is lack of proper management. When there are insufficient or improper mechanisms for talent or employee management, there is a huge possibility that the employees start leaving the organization on voluntary basis. Most of the employees are willing to switch to other jobs because they have lack of clarity about the organization’s purpose and the business tends to possess various unstable elements. The Human Resource (HR) department has to ensure that everything in the organization is organized and disciplined so that the employees have awareness about their tasks, policies that need to be followed and actions that will be taken in case of non-compliance (Berman et al., 2009). It has been found that the organizations that have high level of inefficiency or instability have high turnover rate. Although the organizations are unaware of the real problem that causes increase in turnover rate; it is important for them to keep an eye on the turnover rate as it might be an indication of some problem in the company that might need to be immediately addressed. Proper management means that the employees should be given the leverage of enhancing their skills and they should be given space to prove their expertise in the field; the goals of each employee have to be aligned with the

The CAPM is a valid pricing model and can be trusted to explain the Essay

The CAPM is a valid pricing model and can be trusted to explain the expected return on a security. Discuss - Essay Example The followed discussion will be on in-depth explanation of the ÃŽ ² factor in the equation of the model. The purpose of the paper will hopefully be fulfilled by discussion on these related issues to the model. CAPM was developed during the mid 1960s with several assumptions about the market and the behaviour of investors, giving certain equilibrium conditions which allow an investor to calculate the return of an asset for a given level of systematic risk. CAPM makes use of a measurement of systematic risk which can be used to make a comparison of other assets in the market. In order to arrive at the equilibrium condition of CAPM, certain assumptions have to be defined: CAPM is a model by which the relationship between the risk and expected return on an asset can be determined and this is widely used in pricing of risky securities. The equilibrium condition of the CAPM is as follows: The concept of CAPM starts with a risk-free rate (may be yield on a 10 year government bond). With this concept, a premium is added which is equity investor’s demand for compensation on holding an extra risk. This premium is also known as the equity market premium which is calculated as expected return from the market less the return on risk-free asset. This premium is then multiplied by a coefficient called ‘beta’ (McClure, 2010). In the above figure, the efficient frontier is the line which consists of optimal portfolios and is created from the risk-return graph. The Capital Market Line (CML) is a tangent drawn from the intercept point on efficient frontier to the point where the risk-free rate of return is equal to the expected return. The CML is better than the efficient frontier because it considers risk-free asset in the portfolio (Investopedia, 2010). The SML is a line that shows the systematic risk and whole market return at a certain point of time and this line shows the entire risky assets. The SML is very useful in evaluating the expected return on an asset