Audience Assignment Example | Topics and Well Written Essays - 1500 words

Audience - Assignment Example mon point in all these appeals is that they try to persuade the customer that his or her life will be better off and so much simpler, convenient and complete that he or she cannot afford to miss the opportunity of trying out the product or service at least once to see for themselves. It then remains to be seen if the manufacturer or advertiser’s claims are valid and this decision will be made by the user after he or she tries the product or service and records his or her feelings, measures of satisfaction and desire to purchase or not once again. This paper will comment on the advertisements in popular magazines like Time, Newsweek, Sports Illustrated, Cosmopolitan and the like and make comments on their specific appeals to audiences based on seven separate characteristics: age, culture or ethnic background, social status and education, income and occupation, religion, political affiliation, and gender. It is natural and desirable for marketers and advertisers to aim their advertisement at specific groups of potential or actual customers called the Target Market, based on common characteristics as defined by their particular demographics, psychographics, and lifestyle values. Trying to target everyone with one advertisement would admittedly be difficult- people are different and have distinct needs, desires and aspirations that have to be catered to. One may be influenced by price, another by quality, and a third by size and convenience of the product or service being offered. We will now try to choose and understand the audience appeals of five advertisements based on the various appeal characteristics as outlined above. Both verbal and visual appeals are generally used to attract and ensnare buyers into trying out a product or service. While it was previously okay just to advertise the benefits of a product or service and nothing more, hoping that the buyer would buy and try the product or service out of sheer need or curiosity, today’s marketers try to

Case Analysis (Global Management) Essay Example | Topics and Well Written Essays - 3000 words

Case Analysis (Global Management) - Essay Example Instead of attempting to over-reach the company’s total capacity, seeking opportunities to maximize its current market position would be the most appropriate. Why is this? Chabros established a competitive pricing model that was aligned with an acceptable operating margin. Coupled with this competitive advantage, Chabros also maintained a quality-focused customer relationship management process that included flexible payment terms and no requests for letters of credit. This was a sustainable strategy until the global economic recession in 2009 which radically reduced sales in certain subsidiaries. As a proven business model of CRM and the ability to establish very competitive pricing in key markets, the business would only require adjustment of its current sales and marketing strategy to achieve the desired improvements in revenues. With the business always being at risk of changing currency values, market demand, and recessionary concerns, improving capacity would add more expenditures to the operating budget that would not, likely, offset gains by simply improving output capacity for its high revenue-producing production facilities. The most appropriate strategy for Chabros is to pursue a market penetration strategy to achieve its desired results. By maximizing capacity, increases in salaries and other associated labor would be highly detrimental to achieving market success. Chabros was considering entering the Moroccan market as a means of expanding its market presence, however there are factors that could seriously impede progress in finding rapid sales success there. Firstly, tariffs are extremely high on both products, especially veneer, which would have to translate into higher pricing in order to offset these new costs. Add to this a value-added tax rate of 14 percent, it is not likely that the same competitive advantages as related to pricing would work in this market when having to incur all of these

Operating System and Microsoft Corporation Essay Example for Free

Operating System and Microsoft Corporation Essay Microsoft Corporation is an American multinational software corporation headquartered in Redmond, Washington that develops, manufactures, licenses, and supports a wide range of products and services related to computing. The company was founded by Bill Gates and Paul Allen on April 4, 1975. Microsoft is the worlds largest software maker measured by revenues.[3] It is also one of theworlds most valuable companies.[4] Microsoft was established to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computeroperating system market with MS-DOS in the mid-1980s, followed by the Microsoft Windows line of operating systems. The companys 1986 initial public offering, and subsequent rise in its share price, created an estimated three billionaires and 12,000 millionaires from Microsoft employees. Since the 1990s, it has increasingly diversified from the operating system market and has made a number of corporate acquisitions. In May 2011, Microsoft acquired Skype Technologies for $8.5 billion in its largest acquisition to date.[5] As of 2012, Microsoft is market dominant in both the PC operating system and office suite markets (the latter with Microsoft Office). The company also produces a wide range of other software for desktops and servers, and is active in areas including internet search(with Bing), the video game industry (with the Xbox and Xbox 360 consoles), the digital services market (through MSN), and mobile phones (via the Windows Phone OS). In June 2012, Microsoft announced that it would be entering the PC vendor market for the first time, with the launch of the Microsoft Surface tablet computer. In the 1990s, critics began to contend that Microsoft used monopolistic business practices and anti-competitive strategies includingrefusal to deal and tying, put unreason able restrictions in the use of its software, and used misrepresentative marketing tactics; both the U.S. Department of Justice and European Commission found the company in violation of antitrust laws. Microsoft is the undisputed leader in the market for operating systems (Sheremata 1997). The Microsoft Corporation has produced the vast majority of operating systems for all personal computers (PCs); moreover, operating systems that Microsoft has created are Windows95, Windows 3.1, and DOS. They also have produced the leading spreadsheet and word processors for both Windows and Macintosh operating systems. They own 85% of the market share with their office software Word, Excel, Powerpoint, Microsoft Exchange, and Microsoft Access. Not surprisingly, most of us have used some if not all of these products and/ or services provided by the Microsoft Corporation. How did the Microsoft Corporation develop into a software monopoly? For the most part, one or several combinations of the following forge monopolies: an amalgamation of smart business decisions, mistakes by competitors, and at times some shady tactics that a company might employ to become a market leader and monopoly of today. Microsoft had its beginning during the 1970s when IBM was the computer hardware giant of the industry. In 1975 Microsoft was the producer of programming languages for MIPS Altair 7500 (Conigliaro1996). In 1981, Microsoft purchased an operating system for an Intel based 8086 chip from a small company named Seattle Computer Products and redesigned its product to sell it to license it to IBM for its new personal computer (PC) (Conigliaro1996). The redesigned product was released under the name MS DOS 1.0. IBM being a monopoly at that time in the hardware department, by allowing Microsoft to provide the operating system to its PCs, then an outside source, relinquished control of the software industry to this up-and-coming powerhouse. Microsoft retained the right to license their operating system to other manufacturers and helped spur the massive IBM clone industry. Microsoft became one of the leaders in the computer industry during the 1980s with the help of technologies that help provide PCs for an information hungry age and with Microsoft providing the operating systems for a high percentage of the PCs sold. By the late 1980s, Microsoft controlled the operating system market; versions of MS-DOS ran over 80% of personal computers (Conigliaro1996). However, Microsoft did not control any of the application markets, this honor went to Lotus, which at the time had the top spreadsheet, 1-2-3 and WordPerfect had the leading word processors, WordPerfect. When Microsoft introduced Microsoft Windows 3.1 in the 1990s, it locked in Microsoft in the driver seat for what is now the software monopoly that exists. Soon after, Microsoft introduced Excel 3.0 for Windows and Word for Windows 2.0. Lotus and WordPerfect did not realize the effects that Windows 3.0 would have on the industry and did not plan ahead for the evolution (Gleick 1995). The claim has also been made that Microsoft used its control over the operating system and graphical user interface markets to help growth in the applications market. Some executives spoke of the â€Å"Chinese Wall†, that is some of the developers learned to take advantage of the operating system before other companies could who did not have the access (Gleick 1995). They were also accused of when introducing new technology called object linking embedding (OLE) in Windows, they would provide the technology to Excel 3.0 developers to incorporate it into Excel before the technology was available to other companies. Making it possible for applications on a system to work with other applications made by Microsoft before competitors could have a chance to compete and provide the same or a comparable application. With the introduction of Windows 3.1 (an update on 3.0) and Microsoft having the edge, Microsoft’s Excel, Word and Office started to dominate the application market. The dawn of Microsoft the monopoly empire was on the horizon. In the 1990s Microsoft began to diversify with its dominance over the application and operating systems it began to get into producing products for multimedia, business operation systems, and now even games and online services. They have been accused of shady business practices when they attempted to purchase Intuit, the software company that owns Quicken, the world’s most popular personal finance manager. And Microsoft’s pairing Windows 95 with The Microsoft Network, both moves are threatening to new competitors because of the barriers they create. They also generate risks to innovation and competition through the entire industry. Microsoft has used its power as the leader in the market with operating systems to grow into the power that it is now. A combination of good business tactics, regretful business choices by competitors, and finally Microsoft using its new power has made Microsoft untouchable by competitors. We have several examples of monopolies in our past as a nation, and we have found that monopolies have a tendency to stiffen innovation. With computer systems innovation is important to continue and stay ahead of the market. The example we can think about is IBM, when IBM split its business it opened the door to several new businesses that have only helped society. Is Microsoft going to help society if it is ordered to split? We can only wait and see. By making Microsoft split it will open the door to new ideas from small entrepreneurs that might have the next great operating system. # Microsoft has long enjoyed Olympian profit margins, using its monopoly power to maintain prices on its software even in tough times. But now, amid a terrible downturn and rising competition, CEO Steven A. Ballmer is shifting to a scrappier approach. He is cutting prices on a variety of fronts, from flagship Windows and Office products to newfangled Internet services. The idea is to accept lower margins in some businesses but boost overall earnings by going after a grab bag of growth opportunities. These range from expanding its share of big companies software purchases to lowering the price of Office software so consumers in emerging markets pay for it rather than pirate it. With the outlook so cloudy, were focusing on gaining share in those areas that are most critical, says Stephen A. Elop, who heads the business division. On July 13, Elop demonstrated the new Office 2010 in New Orleans. While Microsoft expects most customers to pay for the program the way they always have, less powerful, ad-supported versions will be available free on the Web. The company is also charging a monthly fee for online applications, such as the e-mail program Exchange, which is about a third as profitable as selling the software on CDs. And on Oct. 22, Microsofts new Windows 7 PC operating system will go on sale in stores for $40 less than the $240 it charged when it launched its Vista program in 2007—the biggest price cut on a new version of Windows in years. All of these moves amount to a risky experiment in price elasticity. By lowering prices, the company hopes to increase sales of existing products while making fast headway with new ones. If the company can gain enough market share to cover its massive costs in Web services and Internet search—notably, its vast data centers—every extra dollar will be pure profit. Im not saying it will be easy, says Ballmer. But we have great opportunities to grow total profit dollars. ONLY $29 IN CHINAMicrosoft is cutting the price of Office and offering the free versions of Word, Excel, and other programs to head off competition from Google and other rivals that offer similar software at little or no cost. Microsoft has so many promotions for Office that its effective price is $100, down from $150, and even lower in such countries as Brazil and India. But the experience is sparking optimism at Microsoft about the new strategy. The company says unit sales of Office surged 415% in the second half of last year. The most aggressive price cut has come in China, where Microsoft says 95% of Office installations have been pirated. Since it began testing a $29 offer in China last September, sales have soared morethan 800%. The low price was like taking firewood from under the cauldron of piracy, says Liu Tianxiang, a vice-president with Beijing Federal Software, a Chinese software distributor. He figures Microsoft has sold 80,000 copies of Office in China since the trial started. Now Microsoft intends to make the low price permanent. Not surprisingly, Microsoft continues to hunt for ways to offset price cuts. It hopes to boost the bottom line by encouraging Windows 7 software users to upgrade more often. Since the program CD will come loaded with multiple versions, users who buy the cheaper Starter edition can easily pay later to get premium features. Of course, that risks annoying users—when rivals such as Google are trying to lure customers with cheaper alternatives. But in the current economy, theres no risk-free way to stay ahead.

Literature review: learning on the internet

Literature review: learning on the internet RESTRICTED CHAPTER TWO LITREATURE REVIEW LITERATURE ON THE SUBJECT 1.Internet is an important tool in the modern day context. All searches pertaining to any kind of search to are within the finger tips. There by it has become a topic for researchers to research and write the thesis on covering various aspect of the internet. Saunders says that a thorough understanding of, and insight into, previous research that relates to a project is essential for the quality of the study, this usually being achieved by means of critically reviewing the extant literature1 2.My literature review of research will be based on publications such as subject related text books .E books, articles, journals, periodicals, projects proposals and unpublished thesis, pamphlets, completed reports and other available literature information resources already published by external authors on the respective subject area. According Timothy and Ellis they state that the literature review should be structured in following stages. So that I have used this model in order to sequence my literature review.2 On the attributes of a critical literature review Saunders, Mark N. K.1 Rojon, Cà ©line21School of Management, University of Surrey, Guildford, GU2 7XH, United Kingdom;2Department of Psychology School of Management, University of Surrey,Guildford, GU2 7XHUnited Kingdom Achieved by means of critically reviewing the extant literature.1 2A Systems Approach to Conduct anEffective Literature Review in Support of Information Systems Research Yair Levy and Timothy J. Ellis Graduate School of Computer and Information Sciences,Nova Southeastern University, Florida, USA INTRODUCTION TO THE INTERNET 3.There are plenty of definition can be find on what internet and this what the oxford dictionary says â€Å"A global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols†. The definition itself brings out what it exactly does and also it describes under which conditions it should use. According to Linux information project on 2005 describes it as a network that is composed of a number of smaller computer networks which connects thousands of networks and hundreds of millions of computers throughout the world. It shows that no barriers on using the internet for any kind of a user for the benefit of him or for his organization. 4.The internet is a unique collection of networks, or a network of networks, that was made possible by scientists with vision to implement a compatible communication standard. These standards’ allow computers built by a variety of manufacturers running on different operating systems to exchange data. The internet, therefore, is able to facilitate the sharing of resources among participating organizations, which include government agencies, educational institutions, and private corporations.3 HISTORY AND EVOLUTION OF INTERNET 5.The Internet has revolutionized the computer and communications world like nothing before. The invention of the telegraph, telephone, radio, and computer set the stage for this unprecedented integration of capabilities. The Internet is at once a world-wide broadcasting capability, a mechanism for information dissemination, and a medium for collaboration and interaction between individuals and their computers without regard for geographic location. The Internet represents one of the most successful examples of the benefits of sustained investment and commitment to research and development of information infrastructure. Beginning with the early research in packet switching, the government, industry and academia have been partners in evolving and deploying this exciting new technology4 6.The history of the Internet begins with the development of electronic computers in the 1950s. Initial concepts of packet networking originated in several computer science laboratories in the United States, Great Britain, and France. The US Department of Defense awarded contracts as early as the 1960s for packet network systems, including the development of the  ARPANET(which would become the first network to use the  Internet Protocol.) The first message was sent over the ARPANET from computer science Professor Leonard Kleinrocks laboratory at  University of California, Los Angeles(UCLA) to the second network node at  Stanford Research Institute(SRI)4. 7. Access to the ARPANET was expanded in 1981 when theNational Science Foundation(NSF) funded theComputer Science Network (CSNET). In 1982, theInternet protocol suite(TCP/IP) was introduced as the standard networking protocol on the ARPANET. In the early 1980s the NSF funded the establishment for national supercomputing centers at several universities, and provided interconnectivity in 1986 with theNSFNETproject, which also created network access to thesupercomputersites in the United States from research and education organizations. CommercialInternet service providers(ISPs) began to emerge in the late 1980s. The ARPANET was decommissioned in 1990. Private connections to the Internet by commercial entities became widespread quickly, and the NSFNET was decommissioned in 1995, removing the last restrictions on the use of the Internet to carry commercial traffic4. 8.Since the mid-1990s, the Internet has had a revolutionary impact on culture and commerce, including the rise of near-instant communication byelectronic mail,instant messaging,voice over Internet Protocol(VoIP) telephone calls,two-way interactive video calls, and theWorld Wide Webwith itsdiscussion forums,blogs,social networking, andonline shoppingsites. The research and education community continues to develop and use advanced networks such as NSFsvery high speed Backbone Network Service (vBNS),Internet2, andNational LambdaRail. Increasing amounts of data are transmitted at higher and higher ___________________________________________ exploring the internet by Clive C. Sanford 4http://www.internetsociety.org/internet/what-internet/history-internet/brief-history-internet#Origins(accesed on 03 march 2014) speeds over fiber optic networks operating at 1-Gbit/s, 10-Gbit/s, or more. The Internets takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-waytelecommunicationsnetworks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007.[1]Today the Internet continues to grow, driven by ever greater amounts of online information, commerce, entertainment, andsocial networking4. 9.The Internet has revolutionized the computer and communications world like nothing before. The invention of the telegraph, telephone, radio, and computer set the stage for this unprecedented integration of capabilities. The Internet is at once a world-wide broadcasting capability, a mechanism for information dissemination, and a medium for collaboration and interaction between individuals and their computers without regard for geographic location.3 10. The graph below shows how the expansion of internet from 1996 to 2014. Sri Lanka as a developing country 31mpeople out of hundred use intenet accordind to the cences given by the international telecomunucation union. Internet users per 100 inhabitants Source:International Telecommunications Union POSITIVE IMPACT OF THE INTERNET POSITIVE IMPACT OF THE INTERNET 11.Educational achievement is perhaps of secondary importance to many of the children; however, it too seems to be a real advantage. From 10 years of age onwards, there is a pressure from school to get the internet and a sense that access to the internet allows the willing student to attain a higher quality of extra information relevant to the subjects.4 12.This research suggest that it also has a role re-engaging some of the educationally disengaged, as they enjoy the control and fun of working with a PC. It can also enable the academically able to find more relevant information and research more effectively. For some though, who are not particularly interested in schoolwork, they remain uninterested whether they have internet access or not. 13.Research about the Internet generally has focused on social effects, such as psychological well-being; for instance, children are more likely to use the internet when they feel lonely. A study by Michigan State University has found that the internet has had a positive effect on reading but not mathematics. One explanation is the internet is a text rich environment with fewer opportunities to foster mathematics or science skills; however, both the Internet and children are changing. Students increasingly use visualization, which can relate to mathematics and science as much as creative writing.4 14.The internet can facilitate a game like learning environment, which is highly motivating and interesting to students. Unlike in traditional classrooms, students do not sit across from the teacher, hold a textbook, and take a final exam. Instead, they can explore new information on the internet like a game combining both the learning journey and entertainment. More research is needed in this area as additional online games are built specifically for history, mathematics and science. Gaming has the potential to have a different kind of cognitive impact than traditional learning. 15.The internet’s is more exciting and challenging as a research environment than earlier media because it is a complex virtual, social and physical world that school children participate and co-construct, rather than something that is merely watched TV or PC. It becomes a complex virtual universe behind a small screen on which developmental issues play out in old and new ways, offering new views in to the thoughts, feelings and behaviours of schoolchildren’s. This universe will continue to expand as web-connected cell phones and other new internet applications emerge. Thus, existing theoretical models, research programmes and methodological techniques in developmental psychology are both challenged and stimulated by interactions between youth and the internet.5 16.According to the research done by three Japan universities regarding â€Å"Children and the Internet in Japan†, they identified that junior high school students enrolled in the school that use the internet had higher skills for practical use of information compared to students in the school that did not use the internet in its classes. This indicates that internet use in school activities helped in increasing the ability of students to use information practically. In this research, they proposed that â€Å"skills for practical use of information† are composed of six sub skills, namely, skill of collections, the skill of judgment, the skill of expression, the skill of processing, the skill of creation, and the skill of communication. In terms of these skills, students in the school that used the internet in its classes had particularly better skills of collection, judgment, expression, processing and communication compared to the students enrolled in the school that d id not use the Internet in its classes.5 17.Students possibly will feel bored if they only study from textbook day by day. That is why internet can be good alternative media to improve students’ motivation in studying. By using internet as a learning media, students can see relevant pictures or animations, which are related to lesson. Based on some reliable researches, students’ motivation in studying can increase fast if teachers or lectures use pictures or animations in explaining lesson.5 2-1 RESTRICTED Unethical Act Among Contractors: Class F in Selangor Unethical Act Among Contractors: Class F in Selangor 1.0 INTRODUCTION Contractors are the independent entity that agree to construct certain number or quantity of goods, material, equipment personnel ,or services that meet the requirement of specifications at a mutually price with a specific timeframe with another independent entity call contractee or project owner (Oxford Times). All contractors are rated Class F are Bumiputera. According to Article (160(2)) the concept of a bumiputra ethnic group in Malaysia was coined by activist Tunku Abdul Rahman. It recognized the special position of the Malays provided in the Federal Constitution of Malaysia, in particular Article 153. But, the constitution does not use the term bumiputra; it defines only Malay and aborigine (Article 160(2)).This means that the contractor is Class F Bumiputera contractors and do not need to apply for Recognition of Bumiputera. According to PKK (Pusat Khidmat Kontractor) until 26th June 2010 there are 4210 registered class F contractors in Selangor. A countrys economic system, irrespective construction industry plays a role in, construction industry plays a substantial role in a countrys national economic system (Zantanidis Tsiotras, 1998). Indeed, this sector is an important employer of a nations workforce as it employs between 2% to 10% of total workforce of most countries (Abdul Rashid Hassan, 2005). Malaysia has gained an impressive economic growth during the last three decades (Abdul Rahman et al, 2005) and this sector has employed an estimated 798,200 workforce nationwide in 2004 (CIDB, 2006). The Malaysian Government has given a much needed boost to the countrys construction industry under the 9th Malaysian Plan where a total of 880 projects worth RM15billion is to be tendered (The Star, 2006). It should be foregrounded that the issue of poor quality in the construction sector has, nevertheless. been identified as a major concern even as far back as the mid 1980s (The Star, 2006). Generally, it is a rule that constructi on projects must be completed within the planned cost, scheduled time and required quality. Quality may sometimes be ignored in this industry to cut the costs or to shorten the project time (Turk, 2006). To deal with the low quality problem faced by the industry, quality management is seen as an approach to achieve the required level of quality of the end product and has been given great attention worldwide over the past three decades (Hiyassat, 2000; Berawi and Woodhead, 2005). However, there is a perception that majority of quality related issues are caused by human factor. In response to that perception, a study was performed to look into the relationship between professional ethics among participants of construction sector and the quality related issues in Malaysian construction sector. It should be noted that for this purpose of survey, contractors and clients are regarded as professions and they are required to demonstrate a high degree of professionalism in performing their t ask, in response to the Governments effort who has introduced the National Integrity Plan to enhance integrity and ethics in the nation. Unethical acts of fraud, waste, abuse, and corrupt practices are what receive prominent treatment in the media worldwide. Such as inappropriate gifts, unauthorized payments, and fiscal infractions are the unethical act problems most noted. The Conference Board in New York reported that the above issues have widespread agreement on each of these issues as being a serious concern among the leaders of the free world, including those in the United States, Canada, Japan, and Australia. Due to the increased of public awareness toward the contractor unethical acts and also decreased of public tolerance for wrong-doing, it is important for contractor to focus specifically on the question of how professional ethics should be incorporated into awareness of individual to make sure every projects should be completed as standard. The ethical statement can describe the act was right or wrong, or act with a right or wrong which it can provide a line of distinction between good and evil of the act or the tendency of a person or at least it can develop guidelines that can be made with various moral considerations(J.L Mackie, 1971). Ethical act are very important because it use to determine the thoughts, actions and behavior of members of the organization to fulfill their responsibility and trust as an employee. It is also to create statements and coordination between the contractors as a key institution for national development. Ethical act also important to maintain and improve client confidence in the organization, 84% of FMIs respondents said that theyve seen an unethical act committed in the construction industry in the past year is an alarming statistic. Contractors, can take little comfort in the probability that incidence of unethical behavior is just as high in other industries these days. FMI had offer f our solution and one of the solutions is to stiffer the penalties for those caught in unethical or illegal acts is the least likely to succeed. Secondly, the FMI had suggest to develop an industry-wide code of ethics which these codes of ethics need to be enforced in every country. A less formal but corollary solution would hit closer to home. Companies should place more emphasis on social responsibility in their dealings with other firms. This approach is easier said than done, of course, although a few respondents in the survey say they have walked away from projects or companies and suffered short-term consequences as a result. They did not indicate, however, that they regretted their decisions in the long term. Training in ethical conduct is the fourth solution, and its the one that holds the most promise as long as it is coupled with commitment to these practices from the top ranks of any construction company. The FMI report states that unethical acts can signal a failure of management to know how to get the job done the right way. 1.2 Problem statement Due to many issues in our country regarding construction industry that lead to the unethical act by the contractors in running the projects such as the issue on the Kuala Lumpur Middle Ring Road 2( MRR2 ), Matrade building and also the issue on the Navy Recruit Center. If this ethical issue still going on in our construction industry, it will affect our construction quality. According to the Works Minister Datuk Seri S. Samy Vellu, more than 18,000 contractors and sub-contractors were either paid late or have yet to receive payment for completed work totaling RM23.7billion since 2000. This is a very huge sum, about 14% of the allocation for development projects under the 9th Malaysia Plan. The Construction Industry Development Board (CIDB) had carried out a six-month survey on 330 contractors, in which 273 cases of payment problems involving RM877.8mil were reported. Another example for the issue in Malaysian construction industry is the Plaza Rakyats project. The government will iss ue a warning notice to the Plaza Rakyat project contractors to continue the project as early as next week, initially, and if defaults, the tender will be forfeited. Minister of Federal Territory and Welfare Commissioner, Datuk Raja Nong Chik Raja Zainal Abidin said, a notice will be given to contractors in a week or two so that they continue construction work. 1.3 AIM AND OBJECTIVES OF THE RESEARCH. The aim of this research as far as the unethical act among contractors class F in Selangor is concerned, is to identify the effect in the construction quality. These main objectives are broken down to more specific objectives in order to better understand the topic at hand. To achieve the desired aim of the research, there are some of the objectives had been choose for this research. Objectives for this research are: Assess the level of professional ethical standards and its practice in the Selangor construction industry, To identify the problems associated to unethical acts in construction industry Determine the role of professional ethics in improving quality management in construction industry. 1.4 Organization of Study Chapter 1 introduces the research topic. It discussed about the unethical acts, definition of contractor, definition of bumiputera, issue related to unethical acts in construction industry problem statement and the objectives that initiated this study. Chapter 2 involves the extensive review of literature relating to the relevant topic of the subject matter of research including the professional ethic and relationship between ethic and construction. Chapter 3 discussed the methodology used in this study. It includes the developed hypothesis and data collection methods. It also includes a brief explanation on the data analysis methods. Chapter 4 reports data analysis and findings of the survey obtained from the findings. Chapter 5 involves detail finding and discussion on the result of survey base on the analysis. Chapter 6 present conclusions and recommendation based on the findings of the study. Key recommendation and their future prospect have been outlined which may assist in future plans to facilitate knowledge sharing plan in school. CHAPTER 2 LITERATURE REVIEW 2.0 Introduction In this chapter a great extent of literature of relevant concepts are being reviewed in order to get insight of and identify variables which have impact on the objectives of this research. The researches which are done by different scholars and researches will be reviewed. 2.1 Quality In Construction Industry Quality is a measure of excellence or a state of being free from defects, deficiencies, and significant variations, brought about by the strict and consistent adherence to measurable and verifiable standards to achieve uniformity of output that satisfies specific customer or user requirements. ISO 8402-1986 standard defines quality as the totality of features and characteristics of a product or service that bears its ability to satisfy stated or implied needs Since tribal chiefs, kings, and pharaohs ruled the issues of quality have already existed (Gitlow, 2005). In a project scenario, quality can be defined as meeting the legal, aesthetic (Arditi Gunaydin, 1997) and functional requirements of a project (Berawi, 2006). Customers nowadays place more emphasis on the quality of products rather than the price which was the major concern in the past. Hence, a rapid expansion of international competition in quality has occurred (Tsiotras Gotzamani, 1996; Abdul Rahman Berawi, 2002). In America, the professional societies have prepared codes of ethics since before early twentieth century. These have been incorporated to a greater or lesser degree into the regulatory laws of various countries. Such as The Institution of Civil Engineers (ICE) in the UK, they have a code of ethics incorporated into its standards of conduct and as for Canadian societies of professional engineers likewise have such codes of conduct as well (Bowen, P., R. Pearl and A. Akintoye. 2007). Mainly for practical and professional use, codes of ethics are developed for supplementing the building codes and other acts of law. These ethical aspects were considered based on mans natural morals (Darabarek Symotink, 1999). In terms of quality in construction industry, Turk (2006), citing Arditi Gunaydin (1999), mentioned that à ¢Ã¢â€š ¬Ã‹Å"high quality building project includes factors like the design being easily understandable and applicable, conformity of design with specifications, economics of construction, ease of operation, ease of maintenance and energy efficiency. According to S. Fryer, Buro Happold, UK (2007), no matter how clever or elaborate the design of a structure is, any construction project will ultimately be judged on the quality of the finished product. Zantanidis Tsiotras (1998) and Abdul Rahman Berawi (2002) mentioned the expectations for quality construction projects will continue to grow rapidly as the number of affluent, educated and quality conscious customers are increasing. With the globalization of economy, construction firms worldwide are actively engaged to achieve internationally accepted quality levels to ensure their position in the emerging international market especially in those developing economies. Thus, the need to have a proper system that ensures quality is critical, coupled with high level of attention paid to quality management in construction industry (Abdul Rahman, Berawi, et al, 2006). Scholars indicate that quality management has been adopted by many countries in their construction industry including Hong Kong (Leung et al, 1999; Au Yu, 1999 and Tang Kam, 1999), Singapore (Low Omar, 1999 and Low Yeo, 1997), Greece (Tsiotras Gotzamani, 1996 and Zantanidis Tsiotras, 1998), Turkey (Turk, 2006), Jordan (Hiyassat, 2000), Saudi Arabia (Bubshait Al Atiq, 1999), Sweeden (Landin, 2000), United States (Chini Valdez, 2003), South Africa (Rwelamilla, 1995) and Malaysia (Chew Chai, 1996). As for Malaysia,we have the code of ethics for co ntractor which need to be followed by the contractors. In that code of ethic it emphasizes more about the level of professionalism, productivity, and quality. Excellence in the construction industry is very much determined by the level of efficiency, productivity, quality and professionalism in the delivery services. The delivery of construction services is connected directly or closely related integrity of the construction contractors in the performance responsibilities. This aspect has been dealt with when Construction Industry Master Plan (CIMP): 2006-2015 enacted. CIMP has given special emphasis on increasing productivity, image and professionalism in the construction industry as the strategic thrusts of this industry to greater high. For this purpose CIMP also has proposed legislation Code of ethics to further strengthen the practice of values and moral ethics among contractors in the country in implementation of construction works. Many developers were also fined for not confo rming to the Housing Development Act, including not preparing reports on schedule, especially work progress reports every six months (NST, 2010). This quality in our construction industry can be improved if everybody doing their part. For every developer, starting a new housing project is a new business. So, if they understand their responsibility as a developer and follow the agreement, they must complete the projects according to the dates set. According to Michael S. Poles, the quality of the construction can be control by competence supervision. It is the duty of the contractor to complete the work covered by his or her contract, in accordance with the approved plans and specifications. The contractor must carefully study the approved plans and specifications and should plan their schedule of operations well ahead of time. If at any time it is discovered that the work which is being done is not in accordance with the approved plans and specifications, the contractor should immed iately correct the work. In order to assure that the work being done is in accordance with the approved plans and specifications, the contractor must always supervise, and coordinate of all of the work that need to be completed. 2.2 Professional Ethic in Construction Industry Profession is an occupation that requires both advanced study and mastery of a specialized body of knowledge and undertaken to promote, ensure or safeguard some matter that significantly affects others well being (Vee Skitmore, 2003). Almost every profession has its codes of ethics to provide a framework for arriving at good ethical choices. Therefore, professional ethics is a system of norms to deal with both the morality and behavior of professionals in their day to day practice, and ascribes moral responsibility not to an individual, but to all professionals practicing in a particular profession. For the building and designing professions, the incalculable value of human life demands nothing less than the highest moral considerations from those who might risk it otherwise (Mason, 1998, cited in Vee Skitmore,2003). Professional ethics concerns the moral issues that arise because of the specialist knowledge that professionals attain, and how the use of this knowledge should be governed when providing a service to the public (Ruth Chadwick, 1998). The construction industry is a perfect environment for ethical dilemmas, with its low price mentality, fierce competition, and paper thin margin (FMI, 2006). Jordan (2005) stated that unethical behavior is taking a growing toll on the reputation of the industry. From a survey conducted by FMI, 63% of the respondents whom are the construction players feel that construction sector is tainted by unethical conducts (FMI, 2006). Surveys conducted by researchers in Australia (Vee Skitmore, 2003) and South Africa (Pearl et al, 2005) identified several unethical conducts and ethical dilemmas in the construction industry such as corruption, negligence, bribery, conflict of interest, bid cutting, under bidding, collusive tendering, cover pricing, frontloading, b id shopping, withdrawal of tender, and payment game. It is evident that there exist significant areas of concern pertaining to the ethical conducts practiced by the construction professionals. There are many other efforts taken to increase the ethical standards and integrity among the professionals in construction sectors worldwide. According to Pearl et al (2005), the regulatory professional Acts relating to the built environment professional sector in South Africa were totally overhauled in the late 1990s and a new suite of professional Acts were promulgated in 2000 to enhance the professionalism. Meanwhile, in America, the Construction Management Association of America (CMAA) has updated its code of ethics to include a wider range of professional services as well as professional services among construction players (CMAA, 2006). A Standard of Professional Conduct to govern the ethical practices in the American civil engineering profession was published by the American Society of Civil Engineers (ASCE, 2007). On the other  hand, Australia has their own codes of tendering to enhance fairness and transparency (Ray, 1997). In Malaysia, the government is very serious about improving ethics in both public and private sector. For instance, the construction industry has introduced codes of ethics for contractors to encourage self regulation among the contractor in this sector (The Star, 2006). Stakeholders of construction projects were asked to enforce the existing code of ethics to safeguard the engineers good name (The Star, 2006). The Construction Industry Development Board (CIDB) of Malaysia also host integrity courses for contractors to promote the importance of integrity and plans to make the course as a pre9requisite for contractors when renewing their registration (The Star, 2006). Finally, the launching of the Construction Industry Master Plan (CIMP) by CIDB in 2004 also had in the master plan an objective to enhance professional ethics in the local construction industry (Construction Industry Master Plan 2006 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015). According to Housing and Local Government Minister Datuk Seri Kong Cho Ha, 1,345 developers and more than 5,000 directors of such companies involved in problematic projects have been blacklisted because they abandoned housing projects and also those that were not completed on schedule. They are not only been blacklisted, they also fined for not conforming to the Housing Development Act, including not preparing reports on schedule, especially work progress reports every six months(NST 2010). 2.3 Relationship between Professional Ethic and Quality Related Issues Besterfield et al (2003) mentioned quality is dependent on ethical behavior, whereby quality and ethics have a common care premise which is to do right things right and it is a proven way to reduce costs, improve competitiveness, and create customer satisfaction. It is evident that low  ethical standards among construction professional will lead to quality problem. These issues were highlighted in the media and received great concern of public (Fleddermann, 2004; NST, 2004; and RTM, 2006). As an example, the ethical related case in the construction industry was the collapse of the Hyatt Regency Kansas City walkways (Fleddermann, 2004). It is a hotel project in 1970s with walkways suspended over the large atrium. With the intention to save the cost, the subcontractor for the fabrication and erection of atrium steel suggested changes in the structure and it was approved by the consulting structural engineer. During the construction, part of the atrium collapsed and the engineer came out with the report saying that the design was safe and ready to be opened for business in 1980. The tragedy happened one year after the completion of the project during a dancing party in the atrium lobby. Some of the walkways on which people were dancing collapsed onto the crowded atrium floor, leaving more than a hundred people died and almost two hundred injuries. Investigation was then conducted by the Missouri Board of Architects, Professional Engineers and Land Surveyors reported that the original design was only marginally acceptable to the Kansas City building code where the walkways would only have had approximately 60% of the capacity required by the code. The situation was even worse in the new design proposed by the steel subcontractor and approved by the engineer. The consultant was found negligence in its investigation of the atrium collapse and places too much reliance on the subcontractor. Therefore, the engineer has been charged for negligence, incompetence, and misconduct. Both the engineer and the consultant firm lose license of practicing. This case strongly indicates that unethical behaviour will lead to quality problems and structural failures. In Malaysia, as an example, a newly opened specialist hospital in Johor Bahru was closed due to fungi attack on the equipments and walls (RTM 2006). It was found that many of the hospitals equipments such as oxygen piping and sewerage system are not according to the specifications. This clearly shows the poor ethics of the contractor who failed to do right things right. The contractor was given three months to rectify problems including leaking pipes, broken ceilings and faulty air conditioning ducts (NST, 2004). Another substandard quality of construction project in Malaysia is the RM238 million Middle Ring Road Two (MRR2) flyover which was closed to traffic after cracks were found in 31 pillars and structural movements were detected (The Sun, 2004). The Government engaged an independent consultant from the United Kingdom to investigate the defects. The independent consultant identified that design deficiencies and improper anchoring of the columns to the crossbeam were the main cau se of the cracks (NST, 2004). Design deficiency is found to be a negligence on the design team and the repair works was then carried out at an estimated cost of RM20 million. Contractors confront dozens of issues, many of which have substantial impact on their own self or organization, as well as others involved in the project. Many decisions have a straight forward answer determined by contract language or budget. Some, however, require entering an indistinct gray zone where the contractor must use best judgment to devise a course of action. Ethical questions raised include: what happens when professional codes and regulations lag behind technological innovations; what precautions must engineers take when trying to balance the benefits, new technologies bring against risks to public safety, often associated with engineering innovation and what are engineering and corporate responsibilities to the public for failed innovation; and should he hold then payments for the benefit of his organization. Often these challenges are managed with little or no preparation or formal guidelines and sometimes with negative results. Engineering ethics is attracting interest in colleges of engineering throughout the world. Therefore, the new technology must address the human being as its central subject and has to be introduced by ethics (Cywinski, Z. 2001). The construction of the new national palace at Jalan Duta, Kuala Lumpur has doubled in a period of four years from RM400 million to RM 811 million. Contracts for the construction were awarded to three companies through direct negotiations instead of open tenders ( NST 2003). Government will focus on overcoming the problem `leakage of tenders in the Ninth Malaysia Plan (RMK-9) are exploring the possibility of tightening conditions of the application to the contractor class F. Entrepreneur and Cooperative Development Minister Datuk Mohamed Khaled Nordin said the conditions were studied for class F contractors license applican t is to ensure that applicants undergo interview, examination, has offices and operations background of the net. The number of contractors has increased dramatically recently that 46.983 of the contractors registered with the Contractor Service Centre (PKK) in the country. Of the total, 35,544 are Class F contractors. The contractors will face intense competition in seeking jobs or contracts, and more disturbing is the number of contractors that own more than the number of contracts offered, especially from the government. CHAPTER 3 RESEARCH METHODOLOGY 3.0 Introduction This section describes the methodology used in conducting this research. It starts by describing the sample selection, research design, variables and hypothesis and continues with the description of the methods of data collection and data analysis. Finally, some of the limitations and key assumption of the findings are described. Primary source were used to collect data from the sample to assess the perception of respondents toward knowledge management and knowledge sharing, the school culture and work environment, individual barriers and organization barriers toward knowledge sharing. The selected data was tested and conclusions were drawn. There are 6 procedures used in completing this study. First, a review of literature was conducted. The review was focused on the emergence of knowledge economy and knowledge management. Then the roles of knowledge sharing were discussed. A further potential barrier toward knowledge sharing was reviewed. Variable which has affected on knowledge sharing was also discussed. The review of literature served as a frame work for the study, and offered contrasting opinions of the authors. Second, a rough draft of the survey instrument and possible methods of testing and assessment of variables was done. A questionnaire was tested and validated before implementation reviewed for preventing any bias and avoiding errors. Questionnaire survey is the main research methodology used to achieve the research objectives. Five hundred (500) sets of questionnaires were distributed to targeted respondents in Selangor state by post ,via the internet , by hand. Targeted respondents ranging from consultant firms and contractor personnel within Selangor area .To ensure the reliability of the questionnaire survey, the sample size taken was then compared to match with the sample size recommended by Krejcie and Morgan (Sekaran, 2000: 295). Third, a survey was implemented. Questionnaire was sent to the list of all class F contractors which registered under PKK within Selangor area. Fourth, the result of the survey was assessed using Statistical Package for Social Science (SPSS) 15.0 software. The result were tested and presented with illustration. Scores were converted into percentage rating and presented in graphical format using excel 2003. Fifth, the conclusion was driven from data analysis and findings. Important points were highlighted and recommendations were given. Research Design The research was designed to explore the unethical acts among contractors regarding the issue on the construction quality in Selangor. The data produced from the research was then analyzed so that the following objective could be achieved. The stated hypothesis could be tested and further recommendations could be made with regard to specific focus of this research. To identify areas for further, and more specific areas of research Quantitative method utilizing survey method is used for gathering information. Variables Variables are classified into three groups including dependent variables, moderate variables and independent variables. Dependent Variable Unethical act is considered as dependent variable Independent Variable Contractors and construction quality are considered as independent variables. Data Collection A comprehensive literature review and self administered questionnaire were used to provide an insight to the study. These instruments provide informative ideas on the possible issued experienced by factors affecting perception of respondents about unethical acts will effected the construction quality The survey aimed is to target contractor class F in Selangor. The aimed was chosen because of two reasons. Firstly, there are too many contractors class F in Selangor. Secondly, the issues that involved contractor class F are more major in our construction industry and this give the author the possibility to sent the questionnaires to some contractor firm on one to one basis. The author would have preferred a larger sample of respondents to participate in the research, but due to limitation of time, this was not possible. The survey was aimed at the contractors class F in Selangor area. Data were collected from 500 contractors selected randomly from different firm and background. Questionnaire was send through mail and respondents were given three weeks to respond before they were send back to the author. 3. 4 Research Assumptions When conducting this study a number of assumptions have been made with regards to the literature reviewed and the respondent sample selected. These assumptions are identified as below. The secondary data collected from various resources have been assumed to be valid and based on the research done by authors. The secondary data has been assumed to present public interest as a whole and without any biases. The respondents have responded to the questionnaire without any biasness and to the best of their abilities. Instrumental Biases In administrating the questionnaire, there has been a significant degree of biasness that was exercised by researcher. The questionnaire was developed based on the respondents. This minimizes the respondent biasness to a certain level. Various scaling methods were utilized where appropriate to minimize biasness. Sample size Approximately 500 contractors were randomly selected from the target population of different firms. The simple random sampling method was utilized in this situation. This was to deter any sample biasness that could have distorted the result. The respondents samples of contractors were surveyed in the Selangor area. The contractors who responded came from various hierarchy levels of different firms. Scaling of Questionnaire In order in measure the operationally defined and elements of a variable, the rating scale has been used to elicit responses with regard to the person studied. A number of rating scales techniques and measurements were utilized when administrating questionnaire involving Category scale and Likert scale. Example: Category Scale What is your highest educational qualification? PHD degree Bs degree Ms degree Diploma/STPM Knowledge sharing is fully supported by school administrator. Extremely disagree/ Strongly disagree/ Disagree /Agree /Strongly Agree/Extremely A

The American with Disabilities Act Essay -- American Government, ADA A

As stated by the founding fathers of America â€Å"All men are created equal.† Black, white, brown, short, tall, smart, and dumb, all are created equally. Therefore every person deserves fair judgement. Unfortunately, it is a profound fact that not everyone is born normal and capable of task typical for a common person, who is free from disability. In my opinion, the quote â€Å"All men are created equal† serves to promote a friendly environment that helps encourage equality among people and aids to recognize the similarities rather than the differences that separates men. Even so, with this hope, the disabled community still struggles for equality. According to Legal Rights by the National Association of the Deaf (NAD), â€Å"Almost 10 percent of all American have some kind of hearing loss. These ten percent suffer from unfair treatment from professional, social and government service providers, including court and police† (NAD 1). Obviously, because deaf and h ard of hearing have limited hearing, their communication and social skills are below the expectation of a common hearing person. Thus, most of these people are ignored, neglected, and discriminated against. However, as a citizen protected by the American with Disabilities Act (ADA), deaf and hard of hearing individuals deserve equal rights and must be accommodated for as a disabled person. If everyone is entitled to all the rights and freedom that is set forth in the Declaration, disabled people should not be robbed of their rights. However, they are still devalued from conducting common tasks which puts them at the bottom of the priority list as an employee and even so as a friend. In search to solve this problem, according to â€Å"The Disabled† by Bender, D. on July 26, 1990, President G... ...er on Deaf Child Accepted† from the New York Times by Greenhouse, Linda on November 3, 1981. Supreme Court agreed to provide a sign language interpreter for deaf third grader. The appeals was based on the Education for All Handicapped Children Act. Apparently, Amy Rowley a deaf student who was adept at lip reading and received help from her hearing aid was performing above average from her class without special help. However, the court ruled â€Å"she was entitled to be able to understand everything said in the classroom, a goal that could be achieved only through sign language†(Greenhouse 2). Even though Amy Rowley in the top half of her class the court recognized that she is still being denied of her rights. Therefore, the court ruled in her favor to accommodate her for education. With the accommodation she will be given an opportunity to achieve her full potential.

Putting A Price On Life Essays -- essays research papers

Putting A Price On Life (The Health Care Crises) Putting A Price On Life Lately, there has been quite a debate over health care and who should pay for it. Some say that the general public should pay for it. Others say it should be shared between employer & employee. And still others say it should be socialized. Of these three, socialized medicine seems to be the most controversial if not the most misunderstood. Let's look at the dictionary definition of socialized medicine. According to Funk & Wagnall; socialized medicine is "A system proposing to supply the public with medical care at nominal cost, by regulating services and fees, by government subsidies to physicians, etc". The common misperception is that health care will become substandard. If that is true; then mans humanity to man is determined by the almighty dollar. Doctors have taken the Hippocratic Oath to treat their patients equally and ethically. Most people fear that they will be forced into long lines or on waiting lists for medical attention. But that cannot be proven. Besides; most people now have to make appointments to see a doctor, and are accepted on a priority basis in hospitals. There is also the fear that doctors in the U.S. will leave to practice medicine in other countries. If so; they will have a difficult time as most of the industrialized nations have systems of socialized medicine including Canada. And let's be honest; how many of us are go... Putting A Price On Life Essays -- essays research papers Putting A Price On Life (The Health Care Crises) Putting A Price On Life Lately, there has been quite a debate over health care and who should pay for it. Some say that the general public should pay for it. Others say it should be shared between employer & employee. And still others say it should be socialized. Of these three, socialized medicine seems to be the most controversial if not the most misunderstood. Let's look at the dictionary definition of socialized medicine. According to Funk & Wagnall; socialized medicine is "A system proposing to supply the public with medical care at nominal cost, by regulating services and fees, by government subsidies to physicians, etc". The common misperception is that health care will become substandard. If that is true; then mans humanity to man is determined by the almighty dollar. Doctors have taken the Hippocratic Oath to treat their patients equally and ethically. Most people fear that they will be forced into long lines or on waiting lists for medical attention. But that cannot be proven. Besides; most people now have to make appointments to see a doctor, and are accepted on a priority basis in hospitals. There is also the fear that doctors in the U.S. will leave to practice medicine in other countries. If so; they will have a difficult time as most of the industrialized nations have systems of socialized medicine including Canada. And let's be honest; how many of us are go...

Cancellation of Agreement of Sale Dated: 18-12-2011

This deed of cancellation of agreement is made and executed on this _____ day of _________, ________ at Hyderabad, By & Between. The Greater Banjara co-operative Housing Society Ltd. bearing registration no. TAB-606 dated 7-7-2004 at Hyderabad, represented by the president of the society Mr. Santhosh Raja, S/o. Shri Bhupal goud and the secretary Mr. Subhash Reddy S/o. Late K. Srinivasa Reddy along with the society members (herein after called the â€Å"Vendors†) which terms shall mean and include their legal representatives, auditors managing committee members, General members of the society and their nominees etc. and assigns in Vendor. AND 4 GEMS RELATOR’S AND DEVELOPERS Office: C/o. Raj Bhavan Road plot no. 134, Suyog Nagar, Nagpur – 4400013, Represented by its partners, PARHEEZ. S. GIMI, Aged 41yrs, R/o. Behramhi Town Nagpur, BHARAT. S. MESHRAM, Aged 38yrs, R/o. Shivaji Complex, Mankapur, Nagpur, ASHFAQ. SAMNANI, Aged 40yrs, R/o. C. A. Road, Nagpur. JOINTLY A ND SEVERALLY (Herein after called the â€Å"vendee†) which terms shall mean and include their heirs, legal representatives and assigns in Vendee. Whereas the Greater Banjara co-operative Housing Society Ltd, the VENDOR of the first part is a society registered under the provisions of Andhra Pradesh co-operative societies at 1964 and has been issued certificate of registration under section 8 of APCS act-VII of 1964 on 07-07-2004. the object of the said society is to carry on the trade and business of building, buying and selling the land is accordance with co-operative principles and with prior permission and authorization by its members as per the terms of bye-laws. Whereas the vendees of the second part are the residents of Nagpur city in the state of Maharashtra and are involved in the business including the business relating to sell purchase of agricultural and non agricultural lands and infrastructures and were in search of property for making investment and development as for its wish and whims. The vendees of the second part came in contact with vendor of the first part through concerned person and got knowledge about the intension of the vendors of the first part to sell and dispose of the said land. The vendees of the second part hence has shown their willingness to purchase the aforesaid land to which the vendors of the first part has consented. The vendors of the first part after making enquiry about business, personals and statues of vendees of the second part has entered into due discussions and deliberation and agreed to sell the aforesaid land to vendees of the second part on the agreed terms and conditions narrated in the agreement of sale. Where as both the Vendors and Vendees have entered into an agreement of sale dt. 18-12-2011, in respect of the property to an extent of Ac. 5. 36 guntas situated at road no. 12, Banjara Hills, Hyderabad. In this context the Vendee have issued three cheques vide nos. 078604, 078605 and 665088 dt. 19th, 20th and 23rd December 2011, respectively, for Rs. 5,00,000,00/- Cr. (Five Crore) of each, thus the total amount of Rs. 15, 00,000,00/- (Fifteen Crore) towards the advance part of sale consideration. Where as the Vendor has presented the above mentioned three cheques to the bankers of the vendees of Nagpur, as per scheduled dates through the bankers of vendors (i. e. ,) Indian Bank, Narayanaguda Branch, Hyderabad for collection, but it is very unfortunate that the Vendee has not honoured the above cheques, hence all the cheques were bounced. Where as the Vendor along with their well-wishers, Arbitrators, and consultants, discussed the matter seriously and felt very bad, about the behaviour and attitude of the vendees and decided to cancel and terminate the agreement of sale dt: 18-12-2011. Where as the Vendee expressed their inability to continue in the said contract and not in a position to fulfill the terms and conditions of their part, including to mobilize and arrangement of funds for purchase of the said scheduled property as per the agreement of sale dt:18-12-2011 and requested the vendors for cancellation of the above agreement of sale with due apologies to the vendors and their general members. Where as the vendors, as per the request and decision of the vendees and as per the instructions of the Arbitrators & Consultants, both vendors and vendees unanimously agreed and with full will and consent, cancelled and terminated the agreement of sale dt. 18-12-2011, thus the said agreement of sale has no valid and null and void. IN WITNESS WHERE OFF BOTH THE VENDORS AND THE VENDEES HAVE SIGNED THIS CANCELLED AGREEMENT OF SALE ON THE DAY, MONTH AND YEAR ABOVE MENTIONED IN THE PRESENDE OF THE FOLLOWING WITNESSES: Consultants: 1. 2. 3. 4. 5. 6. Witnesses: 1. 2.