Sunday, April 12, 2020
Fastbikes Incorporated Case
Fastbikes incorporation is a company which was doing well but of late it has been facing some serious problems. Joe Brown needs to take some drastic measures to ensure that his company does not close down. The fact that his most experienced mechanic wants to leave the company, clearly indicates the lack of motivation in the company. Motivation is what drives people to do their jobs effectively and this is important for Fastbikes as the employees need to be motivated for them to put more effort in their job.Advertising We will write a custom essay sample on Fastbikes Incorporated Case ââ¬â OB specifically for you for only $16.05 $11/page Learn More Fastbikes Inc. needs to motivate its employees for example by increasing their salaries, giving rewards to the best employer of the year, offering hardworking bonuses among others. If the company does, it will encourage them to continue working for the company with dedication without being tempted to go for higher paying companies especially during the difficult economic periods. In addition to the impending circumstance of lack of motivation, it is worthy acknowledging that most of the employees have been working in this company since it began and this can create a great discouragement particularly if they have been contributive to the growth of the company to the level it is and at some point their grievances are not considered. This scenario also shows some negligence by the management since it is usually a failure to listen to the grievances of the employees by the management that such effects like the available de-motivation are realized. This point is justified by the fact that salary matters are serious as far as employees are concerned and that most employees particularly those who have been working in such a company for long, would first air out their grievances before they decide to move away from the company. Joe therefore, as the owner of this company needs to work out a s erious assessment and come up with new management criteria in a matter of urgency to ensure that the future of this company is promising. The sales of Fastbikes have taken a nose dive because the sales people are not motivated well enough. Joe Brown must reward those sales people who are doing exceptionally well in their jobs so that those who work hard will see a tangible evidence of appreciation for work well done. The act of rewarding employees is a major boost to the employeesââ¬â¢ morale and it goes a long way in encouraging people to put an extra effort to their tasks [.], when people are rewarded for their effort they will feel appreciated and in the case of Fastbikes Inc sales people will push sales of motorbikes to a greater levels which will mean more income and consequently more pay for employees and company will meet its obligation with ease (DuBrin Young, 2007).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first pa per with 15% OFF Learn More Conflicts in organizations are a major drawback for a companyââ¬â¢s development. When top managers argue a lot about budgets it shows some conflicts in the organization which ought to be addressed with immediate effect before the damages trickle down to lower levels of management. There is role ambiguity and managers do not understand where their roles stops and that is the reason they keep fighting among themselves. Joe needs to draw an organizational design which show to every manager their responsibility so that we do not have blame games in the company and reduce time wastage on arguments. Most of the time should be used in carrying out some constructive activities. When we have clear goals and objectives in the company people will feel that they can perform their duties better and they will have satisfaction for performing their work. It is important that Joe organizes his management into a team not just a group of people working together . He can encourage the managers to trust in their team when carrying out their duties (Cole, Kinicky Kreitner, 2007). The best way to improve this state would probably be to organize trainings and seminars for the managers and contract experts who can freely interact with the managers in order to know the exact problem from their side before handling the matter. This is because the company has performed well for the last twenty years and suddenly, crises seem to be arisen. This makes whoever is assessing the case to make a conclusion that the company has grown beyond what Joe Brown can handle alone and therefore there is need to seek assistance from experts. The opportunity to reduce competition in the market is one which should not be left out. This manifested itself when Bill approached Joe to see if he was willing and able to buy the Fastbikesââ¬â¢ only competitor in New Brunswick. Fastbikes Inc should take the chance and acquire Motorcycles For Life Inc as the price for buy ing the company is fair and given the reputation of this company, we expect to have more customers, since Fastbikes Inc has some problems in sales. It will be able to increase its sales volume if it acquires Motorcycles For Life Inc. This is because it will reduce the competition and at the same time increase the market share. The other reason why Joe Brown should buy this company is that, if it accepts the offer of snowmobile manufacturers, they will have an opportunity to advertise their products hence attract more customers and as a result the sales will escalate to greater levels.Advertising We will write a custom essay sample on Fastbikes Incorporated Case ââ¬â OB specifically for you for only $16.05 $11/page Learn More The training of the employees will come in handy as this will improve performance of the employees, and we will have the company becoming more competitive so that the sales will boost the account balances of the company and to t he extension making it easy to clear any company loan. Communication is a crucial aspect in any organization, and Joe should ensure that he has a good communication system to be implemented in the company. With good communication systems, people are able to convey their views thus providing different ways of solving problems and also preventing misinformation and rumors. Managers and their subordinates are also able to respect each other since the chain of command is respected by all (Baron Greenberg, 2003). In other words, no one will receive commands from two managers at the same time thus alleviating confusion that may arise due to double commands by managers. Joe should involve his employees in decision making so that there is no resistance to change in the organization, especially in the acquisition of a new company. This probably is the reason why there are complaints from the managers. If they had been involved in various decisions making and planning, most of these issues a ffecting the company would not be arising. People ought to know how the new developments in the company will affect them so that they have themselves prepared psychologically (Brown Fisher, 1991). This means that for such a company to make a major decision on major issues like those that affect the budget, there is need to involve the members of staff, the experts and the customers as well. This means that a suggestion box needs to be in place with someone following up to make sure that the suggestions of the customers are noted and considered. Further, Joe needs to sit down with his other senior managers and conduct a SWOT analysis for the company together with a general and thorough review on the progress of the company. This may be what is missing, the company having performed very well for the last twenty years. A review would help in identifying major areas to be changed, what to stop doing, what to add and what to reduce. Such a review could be done by the help of experts who , because they are not part of the company, can easily identify and comment on the failures which needs to be corrected.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More An example of some areas to make improvements is the way the company has been paying their loans late at the bank which has created some lack of trust by the bank. Because of this, it becomes very difficult for the company to be funded for emergency needs or be given overdrafts to facilitate its needs. In addition to this, maybe the company needs to change its location now that it has been in Halifax Nova Scotia for almost twenty years and focus on a new market which maybe, Joe Brown has not realized. Nancy is right that the company should check on its expenditures so that it tries to cut on those which they can do without. This way the company may have some cash to settle obligations as they come due. Nevertheless, Joe needs to be careful so that the company does not seem to be a family business and eventually be seen as influencing most decisions that Joe makes as far as the company running is concerned. The fact that the best mechanic is going away and the daughter who has been w orking as a part timer is more vocal, though in an effort to help improve the company, may be seen as if she and other family members influence the decisions. This is one of the main reasons why Joe should consider running this company with the help of some experts, and begin with an immediate review on the whole operation of the company to ensure that what will be done next will not have a repeat of the same problem. Moreover he should revive the trust with the bank for future cooperation and progress of the company. The other major need for review will be to establish why there has been a growth on the expenses at Fastbikes Inc. and a stagnation of the sales. On the other hand, there has been an increase on rent, utilities and wages every year making someone quickly go through the whole companyââ¬â¢s operations in the mind and conclude that there is a problem or a negligence that needs to be addressed as soon as possible. This, for a company like Fastbikes Inc, that has been do ing very well previously is a sign of back-sliding which needs a restoration campaign and Joe Brown is obliged to. The other options that may help Joe ensure the continuity of the company is to consider selling some shares of the company as a ââ¬ËPlan Bââ¬â¢ and be able to clear the loan at the bank. This will also enable him to increase the salaries to reasonable rates hence maintaining his best workers. This is because the withdrawal of the mechanic and probably others may be a great blow to the company which may end up causing a loss of major customers. The optimistic spirit that the economy may improve is not guaranteed and therefore ââ¬ËPlan Bââ¬â¢ needs to be considered to maintain the stability of the company. Even though buying of the Motorcycles for Life may really leave the business enjoying the monopoly in the area, the company is mostly suffering an internal problem than an external one; meaning that there is more of a management problem than there is in othe r areas. This is seen by the fact that best workers are leaving, managers are complaining, expenses are high than the income, among others. With all these issues to solve however, Joe has some advantages which he can use to help himself come back to normal only if he capitalizes on them. One of them is the fact that he has been managing the company for almost twenty years. This has left him with practical experience on how to handle various clients and situations as the management of the business and thus more guts to adjust himself and proceed without much hassle. The other advantage is the fact that he knows why the company is failing at the time of economic crisis that has invaded. With this in mind, Joe has the ability to persevere until the crisis is over. The other advantage that should be acknowledged is the fact that his only competitor is withdrawing from the business, leaving him a greater room for business. Not only that, the competitor is in addition offering a lower pri ce to buy the business and thus Joeââ¬â¢s products will be increased drastically. Joe also, has known more about the business and this is what makes him confident that all will be well. Even when he is approached by his competitor to buy his business, having known the business very well, he knows that the price offered is fair and that he can make business out of the offer. That confidence is a great advantage to him and therefore some improvements on the management part can easily get the business back to its stable condition particularly when the economy stabilizes. Confidence in business is what makes one move on regardless of the circumstances which occur once in a while and may be very discouraging. However, faith and the strong desire to continue and the hope that things will work is what most business owners lack. In the case of Joe however, confidence is part of him which is a great advantage to him and thus giving hope to the company. This is one thing that probably will occur again after several years if it is to occur and now that he has an opportunity to handle it and learn on how such moments are handled. A future recurrence will find him very strong and ready to manage. Lastly, Snowmobile has approached him wanting to expand their sales in the Halifax area promising to loan him several models and advertising information together with training for both his staff and sales staff. This last one; the training, is mostly what Joe needs in his company for him to overcome his current crises and an offer by Snowmobile would probably make the whole difference if he considered taking the offer. Him included, the fact that it is the first time he is facing financial difficulty and doesnââ¬â¢t know how to handle it, a training on how to handle such will be of great help in case of a future occurrence of the same (Jablin Putnam, 2001). This will help overcome management issues, which is like the major challenge for him, hence propagating the progress o f the companyââ¬â¢s operations and thus greater income and less expense as opposed to the current situation of the company. Talking of management as the major outstanding challenge in Fastbikes Incorporated, it is worth noting some management structures that could help if they were adopted. Starting from the bottom to the top, we have the supervisory managers. These are the ones who are responsible for the supervision of the people on the ground doing the actual work. They handle issues from the ground level and they report to the other level of managers called the middle managers who are responsible for handling matters concerning to the supervisory managers. They coordinate and act as mediators between top managers and the supervisory managers. The top most managers are the ones in charge of the major decisions of the company. Then from there we have the board of directors who are the final decision makers of a company (Scott, 2007). For a company like the Fastbikes Incorporate d, this structure can work best particularly if Joe wishes to sell some shares and then he and the shareholders hold the position of the board of directors. The expansion of the company, in case he considers buying the Motorcycle for Life Inc, would even necessitate this more since operating it alone may be a helpful challenge. Nevertheless, if he chooses to operate it alone, the structure will also be there and he becomes the topmost manager and director as well. This will likely cause him a challenge similar to this because of monopoly of final decisions, and this mainly leads to uncontrolled expenses like is the case with the current situation. Motivation to the sales people can be through special commissions which can be given to every person that exceed the target sales per day. Targets must be set to determine who has done more than the others. On top of the commissions, annual awards can also be very motivating. This calls for frequent reviews on the performance of every depa rtment hence able to establish the best and hardworking staff within the departments. Retreats and outings to celebrate for staff is very vital as this enhances good relationships and on the contrary avoiding differences and hence propagating unity even at work place. Since some employees have been working with this company since it began, associations and welfares are the best to keep people united and able to assist each other during the times of needs. The managers who are always arguing on budgets will probably find it necessary to sit and talk and eventually approach the senior authority for more discussion since they have an origin of such in their association. A party to celebrate the victory of the business in the local business of the yearââ¬â¢s awards also would be a motivation to the workers. Those who have worked excellently to make the company win can also be rewarded to motivate others to work hard for the next timeââ¬â¢s award. Annual gifts as the year closes ar e also a motivation which makes workers feel like they have concluded the year and re-energized to start another. With Joeââ¬â¢s company, where such awards have been given for the ten years they have been in operation, such would serve as one of the motivation strategies for his workers. With this, chances are that even his best mechanic who feels the need to move to greener pastures would consider remaining if such was being done in his recognition. Setting structures that will rescue the current state of this company is an urgent issue and Joe has to make quick decisions. However, the company is capable of thriving even with the economy crisis it is facing since it has the advantage of enjoying monopoly as the only one selling and servicing motorcycles. This is even more because the only competitor that was a threat is retiring and selling his business to Joe. Probably, on the same issue of motivation, there is a possibility that Joe himself has never had time to rest. A break is very necessary and Joe may have to take a break so that he is not overwhelmed by work and as the owner and the only senior manager, this is a true possibility. This however may call for a necessity to train or get someone who can take responsibilities in his absence hence allowing him time to rest or have a holiday. Such situation would take us back to the need to have structures that are well set for management and communication in general as far as the whole company is concerned. In conclusion therefore, It is evident from above that Joe should take action as soon as possible, which includes trying all he can to motivate his employees so that he can retain them in his company and to also encourage them so that they can work with dedication and putting all their efforts in doing their tasks. A good organizational design should be put in place to help people understand their tasks as well as the hierarchy of the company and the company can attain the set goals and objectives, sin ce they will be subdivided into tasks and subtasks for efficiency in operation. Acquisition of Motorcycles For Life Inc is an important decision that Joe Brown should put into consideration given the benefits it will come along after obtaining the only competitor. A good communication system should be put up so that decision making is made easily, and information gets to the intended targets immediately. The company should also minimize its expenditure to increase cash flow levels. References Baron, R. A., Greenberg, J., (2003). Behavior in organizations: Understanding and managing the human side of work (2nd ed.). Pearson: Prentice Hall. Brown, S., Fisher, R. (1991). Getting together. Chandos Place: Business books limited. Cole, N., Kinicky, A., Kreitner, R. (2007). Fundamentals of organizational behavior. Ontario: McGraw hill companies. DuBrin, A. J., Young, J. D. (2007). Fundamentals of Organizational Behavior (1st Canadian ed.). Toronto: Thomson Nelson. Jablin, F.M., Putnam , L. (2001). The new handbook of organizational communication. Thousand Oaks, California: Sage Publications Inc. Scott, W.R. (2007). Organizations and Organizing: Rational, Natural, and Open Systems Perspectives. Upper saddle River: Prentice ââ¬â Hall. This essay on Fastbikes Incorporated Case ââ¬â OB was written and submitted by user Megan Q. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Tuesday, March 10, 2020
Marketing Strategies for Certain Markets
Marketing Strategies for Certain Markets Sanguine mangers characterized by a keenness of understanding of market forces know quite well what to expect when launching a new product in a new market that is characterized by a multicultural environment.Advertising We will write a custom essay sample on Marketing Strategies for Certain Markets specifically for you for only $16.05 $11/page Learn More They know that issues such as cultural differences, product branding, norms, values, beliefs, perceptions, distribution channels, communication strategies, market expectations, and satisfied customer differentiate one market from the another (Kang, ND). Success in one market, as has been evident in the US market may not translate to success in the Japanese, South African, or the South American markets. Each market uniquely defines itself by a myriad of issues such as cultural differences and marketing communications as noted above. Therefore, a marketing plan devised by the successful marketer must integrate strategies focusing a specific audience. That is the case with Uniland multi-national cooperation. Uniland has successfully marketed its new product in the US market and has aggressively set down marketing plans to take the product further, labeled as Orange homecare medical product, into the global market particularly the South American, South African, and the Japanese markets. Different markets are uniquely characterized by different marketing strategies due to different cultural backgrounds, consumer tastes, consumer behavior, reactions, and consumer perceptions about new products (Kang, n.d). Marketing a new product in the US may demand less sophisticated distribution and marketing channels than can be demanded by marketing a similar product in the Japanese, South African, and the South American markets. A solid knowledge about the new market is indispensable to successfully penetrate and launch the new product (Cronin, 2000). In the modern age of e-marketing, the marketing man ager in the new markets could establish a connection element that plays a key role in reaching the target market. Effective communication strategies, e-commerce strategies, could effectively enable the marketing manager to strategically mobilize the target audience to establish a strong connection with them (Arikan, 2008).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The most important consideration in designing marketing strategies for foreign markets that differentiates them with the local US market revolves around culture and brand perceptions carried in the brand message. The American audience may perceive and connect a brand message to their cultural settings differently from the way the Japanese and other markets could. The brand message is a critical component in marketing in these audiences. Multicultural environments always feel connected to a brandââ¬â¢s message th at is delivered through media devices such mobile phones among others. A brand message should critically reflect the cultural settings of the target audience and should explicitly reflect their culture at all levels of product marketing. Therefore, the marketing manager should strategically tailor the new product to reflect the cultural settings of the new markets. That is because in the new e-commerce age, while firms find the e-platform as a strategic tool in reaching target audiences in real time, brand messages have the potential to mobilize a big market share leading to higher profits and strong product position. On the other hand, wrongly branded messages tailored for specific audiences lead to wrong perceptions and loss of market (Arikan, 2008). In conclusion, while a prospective manager searching for opportunities in new markets may use e-commerce tools such as the internet to get instant access to new markets, the need to inculcate a culture as a driving force in formulatin g new marketing strategies is overly indispensable. References Arikan, A. (2008). Multi-channel Marketing: Metrics and Methods for a Successfulà Business. New Jersey: Sybex Publishers. Cronin, M. (2000). Unchained Value: The New Logic of Digital Business. Harvard: Harvard Business School Press.Advertising We will write a custom essay sample on Marketing Strategies for Certain Markets specifically for you for only $16.05 $11/page Learn More Kang, J. (n.d). Marketing in a Multicultural Environment: Understanding Asianà Consumers. The Chartered Institute of Marketing, Hong Kong. Web.
Sunday, February 23, 2020
Discuss the ways in which individuals and communities demonstrate Essay
Discuss the ways in which individuals and communities demonstrate agency in their lives - Essay Example Agency facilitates the way the individualââ¬â¢s negotiates their lifestyle particularly through interpersonal dialogues. Some may however not use interpersonal dialogues but settle on constructing their lives ââ¬Å"spacesâ⬠individually, and avoiding linguistic interactions and interpersonal dialogues entirely. Nevertheless, it is vital to note that individualââ¬â¢s demonstration of agency later on forms the building blocks of a community. This is because individuals are community agents since they express their thoughts on cultural matters to other people. Through agency, people are able to carry out face-to-face conversations with people from other communities. This has an impact on either side of the communities since culture is a negotiated meaning (Gutman 5). Being a negotiated meaning, a cultural forum in which the culture is negotiated and re-negotiated is what makes and remakes the culture and the community. This therefore supports the earlier argument that throug h agency, individuals are not passive recipients of community outcomes. Through agency, individuals are able to engage in cultural construction (Gutman 6). Another demonstration of agency is seen in babies. ... This could also mean that the adults from the children could also be the same. Children therefore exploit the meaning they derive from the pre- existing culture to build their own understanding of the world that later on helps them or destroys them as adults. Based on this argument, it is evident that agency plays a vital role in shaping up the future of individuals. For instance, if an individual is given to express his/her opinion of an event, the person will be treated by the other based on the opinion. There is also a probability that the individual may influence others in the process. The opinion may have been constructed from the way the individual views the society from his/her own small world. Agency also influences personal behavior among individuals. The various changes in personal behavior evolve with time and it determines the way people respond to different circumstances. The changes in individual behavior lead to changes in the culture of a society. Some individuals vie w them as suggestions meaning they can be ignored, circumvented or disregarded (Gutman, 6). Through agency, cultural influences have no power over individuals unless they allow them to have power over them. Gutman (7) concluded that the depiction he had of Mexican men was wrong. This is because what he saw was different from what he had the society expected of Mexican men i.e. the men were hard drinkers and philandering macho men. This therefore shows that the men had evolved and developed their own views and goals different from the overall depiction of community as seen by outsiders. The limiting factor in the argument above is the lack of empirical data to measure the extent of ignoring or circumventing the cultural influences in the above case. Furthermore, the
Friday, February 7, 2020
The Servant as a Leader Essay Example | Topics and Well Written Essays - 750 words
The Servant as a Leader - Essay Example According to the report there are various leadership types apart from the servant leadership approach. Firstly, there are transformational leaders. Blanken says the famous transformational leaders are Ben Cohen and Jerry Greenfield, who made a business framework that allowed members of their client community to become stockholders. Blanken says transformative leaders want the organization to change even when its members are not comfortable with the idea.From this essay it is clear that the recommended leadership style is servant leadership. Blanken names Herb Kelleher as the one person who embodied servant leadership. Kelleher instilled a culture in Southwest Airlines company that reflected the belief that the business of business is people. Servant leaders, as Blanken says, put service to others before themselves. They involve members of their organization in the decision-making process. Moreover, servant leaders have the will to let the credit for a job well-done be put to their te am members. Smith notes that servant leadership starts when a leader takes the place of a servant while engaging with their organization members. Leadership that is authentic and legitimate does not come from the exercise of power or self-serving deeds. However, true leadership emanates from the desire to assist others first. Smith mentions that the basic urge and purpose of a servant leader is first to motivate the greatness in others, with team success the outcome of it.
Wednesday, January 29, 2020
Monday, January 20, 2020
Essay examples --
The main purpose of the article is to take a look at previously conducted research from the years 2000-2012, on the effectiveness of drug treatment programs. The main population of this research focuses in on prisoners, parolees, and probationers. The research suggested that those who were actively participating in cognitive-behavioral therapy, drug courts, and therapeutic communities had lower rates of drug use then those who did not receive these treatments. Researchers also conducted that effective treatment programs have these things going for them, emphasis on high-risk offenders, provided strong inducements to receive treatment, multiple interventions in the same time frame, intense treatment provided, and finally include aftercare. This article ties in perfectly with our research topic of the effectiveness of Narcotics Anonymous treatment programs. We will focus in more in depth at the numbers associated with this article to provide a full understanding of our research. Chen, Gila. 2006. ââ¬Å"Social Support, Spiritual Program, and Addiction Recovery.â⬠International Journal of Offender Therapy and Comparative Criminology. 50(3): 306-323. The author, social science researcher and lecturer at Bar-Ilan University, Gila Chen, PhD., focuses on the personal and emotional adjustments of inmates, who are recovering from substance addiction/abuse and who participated in a therapeutic intervention programs. There were two groups to her research: one group went through social support program that included spiritual factors (Narcotics Anonymous meetings with the 12-step course) while the other group went through a primarily social support program (Narcotics Anonymous meetings without the 12-step course). She had hypothesized that those w... ...statistical techniques. Regarding question one: for retention, the correlation was close to zero. For commitment, data suggested that individuals with higher levels of religiosity possessed higher levels of commitment to treatment. Overall, data indicates a weak to moderate relationship between religiosity and treatment outcomes. However, in some programs religiosity affiliation could be viewed as a positive resource whereas in other programs religiosity was a hindrance to recovery. For question two, data indicates that religiosity can be an effective resource to enhance retention if the clientele viewed religion as an important source to treatment recovery. For question three, data suggested that program religious emphasis was not related to retention. For commitment to treatment, level of program religious emphasis was significantly related to positive outcomes.
Sunday, January 12, 2020
Impact Of Offshore Exploration And Exploitation Environmental Sciences Essay
Literally called stone oil, Petroleum is a Grecian word for petra significance stone and oleum significance oil. The Concise Oxford English Dictionary defines it as of course happening flammable liquid consisting of a complex mixture of hydrocarbons of different molecular weights and other liquid organic compounds, which are found in geologic formations beneath the Earth ââ¬Ës surface. This formation beneath the Earth frequently takes topographic point over a long period of clip, say eons. It originates from the remains of antediluvian workss and animate beings ( zooplanktons and algae ) that were buried and compressed beneath 1000s of pess of claies, stones and littorals. Through the interaction of certain geologic conditions, these organic stuffs are so transformed by subsurface heat and overburden force per unit area into hydrocarbon compounds we is called crude oil ( rough oil and natural gas ) . For many centuries, crude oil resources and its byproducts have been discovered and used for assorted human activities. In the modern epoch, these resources are sought and exploited from locations that are more hard and risky to entree, including the offshore. Resources deposited in the offshore countries are no different from those found onshore as they contain the same sort of hydrocarbon substances. For illustration, a signifier of natural gas called gas hydrate is available both offshore and onshore but seaward resources are of greater involvement because of their volume and potency for future large-scale development. The ground for this increased and outstanding involvement in offshore crude oil geographic expedition and development in this present century is that many onshore crude oil resources have either been exhausted, are no longer economically executable, or are unable to be to the full developed due to limitations of national ownership or geopolitical jobs. This notwithstanding, the value of energy-rich crude oil in all of its signifiers lies in the many merchandises that can be made from it and the importance of their utilizations. Crude oil, natural gas and other hydrocarbon compounds are the bases of the fuel merchandises that are indispensable for modern manners of transit, which are preponderantly fuelled by motor gasolene, jet fuel, and Diesel fuel. Petroleum besides provides fuels for warming, industrial fabrication procedures, and the coevals of electricity. Petroleum resources can besides be converted into petrochemicals and its derived functions such as plastics, pharmaceutical ingredients and edifice stuffs, which represent other parts of the petroleum-source market. Economically, demand and supply factors drive the investings and operations that the crude oil industry makes in researching and working crude oil resources. With high crude oil monetary values in the market, the industry can afford to bring forth resources that might otherwise be uneconomic and can put in new engineerings to make resources that would otherwise be unavailable. When crude oil monetary values in the market are low, even proved militias may non be produced because the cost of development and production would non let any net income for operators. Since crude oil resources define modern trade forms, excite both international selling and the possible for war, the force per unit area to spread out resource development to the offshore countries is inevitable as this will relieve the jobs of increased planetary demand for crude oil and its byproducts, reduced supplies onshore and buffer the current lifting addition in merchandises monetary values.POTENTIAL IMPACTSFor decennaries, our oceans were protected from offshore oil boring but with the increased demand for crude oil resources globally and depletion of same onshore, attending has shifted to the offshore environment. In 2008 for case, former American president Bush, lifted a White House moratorium on offshore boring and the Congress subsequently followed by leting a Federal prohibition on boring to run out. In March 2010, the Obama disposal indicated that they would besides potentially allow boring along several once protected coastlines, mid- and south Atlantic seashore and in the eastern Gulf of Mexico. Barely had that been agreed upon, the black deepwater skyline oil boring runaway in April of 2010 came. This released about 200 million gallons of oil into the Gulf of Mexico ; fouled beaches and coastal wetlands from Louisiana to Florida ; killed birds, fishes and marine mammals ; and devastated the diversion and fishing-based economic systems of the Gulf provinces ( Ref ) . Fortunately, these hideous developments caused the Obama disposal to revoke on its earlier class and on December 1, 2012 it was announced that the East and West seashores every bit good as the eastern Gulf be continuously protected from offshore boring. Despite this recent event in the Gulf of Mexico, the oil industry and others affiliated to the industry are still clamoring for the continuance of seaward oil boring. This enlargement of development offshore, will non be without the attendant effects that the resource geographic expedition and development will hold on the Marine environment, the life signifiers that live therein and the worlds at big.BackgroundThis subheading will be a elaborate penetration into the seaward oilfield platform where the research will be carried out. It will state the twelvemonth of the oilfield ââ¬Ës find, the block or blocks where the resource is found, the existent location of the oilfield in kilometers north, E, West or South in relation to other environing oilfields and/or countries ; and the H2O deepness ( TVDSS ) at which the resource is located. Other parametric quantities will include the oilfield ââ¬Ës geologic age ( Mesozoic, Middle Jurassic or Cenozoic etc ) , the reservoir type ( sandstone or shale ) , the estimated militias ( STOIIP in MMstb unit ) and recoverable sums of militias. It will depict the seismal activity that led to the formation of t he field, the extent to which the field has been developed, grade of complexness of geological fault and its attendant construction. The quality of the reservoir, the formations with the most productive intervals or dramas, its temperature, force per unit area ( and likely force per unit area at which depletion is expected ) . The belongingss of the reserve- API gravitation in ( 0 ) , GOR in ( scf/bbl ) will besides be provided. With the increased force per unit area to beginning for options to onshore oil resources offshore, the appraisal of the inauspicious impacts of the quest for crude oil and it derivatives to run into planetary demand raises a batch of concerns such as: Environmental sensitiveness and hazards to marine ecosystems Lack of scientific discipline on marine ecosystem as this is a field with really limited certification sing geographic expedition Built-in hazard of deepwater boring Inadequate resources for regulative inadvertence Unproved oil spill response There are serious environmental impact associated with each phase of seaward boring from geographic expedition ( location and find ) to development ( boring and production ) and marine transit. While some impacts may be unseeable to the bare eyes, there are a myriad of impacts and environmental branchings that the public must cognize about before sing offshore boring. ; and eventually the ultimate effects it will hold on the opportunities of working other marine resources that will hold small or no negative effects on the environment, the marine beings and worlds.AIMS AND OBJECTIVESBy analysis of H2O samples utilizing ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â setup, observation of marine life signifiers and deposits analysis for oozes of hydrocarbons in them utilizing ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â equipment, this survey will: 1. Outline possible impacts of offshore crude oil geographic expedition and development 2. Chase away the legion myths that have been put forth by oil boring advocates. 3. Suggests options that will accomplish energy independency from fossil fuel 4. Analyze the effects of seaward oil boring on the opportunities of working other marine resources that will hold small or no negative effects on the Marine environment, marine beings and worlds.ActivitiesTo ease this survey and accomplish the set aims, the undermentioned activities will be carried out: Available literature on the effects of seaward oil boring will be extensively reviewed. This will organize a footing for this research Qualitative modeling to measure the direct impact of each phase of oil boring on the marine ecosystem and coastal countries Exploration of possible options to fossil fuels with really small or no hurtful effects on the environment.MethodThe information ( where available ) , samples of H2O and may be life signifiers that will be observed during this survey will be sourced from ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â offshore platforms located at ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â ââ¬â . Besides, peoples ââ¬Ë single sentiments will be sought to find the extent to which offshore geographic expedition affects them. If decently done, this rating will be a valuable tool for avoiding possible environmental and aquatic jeopardies occasioned by ceaseless development offshore. These methods may alter depending on when this surveies will get down and the development of more powerful tools and techniques that will be more efficient, give truth and lucidity of consequences ; and besides be cost effectual.EXPECTED OUTPUTSThe universe ââ¬Ës oceans and beaches are critical recreational, economic and ecological hoarded wealths that will be polluted by an addition in offshore crude oil boring. Alternatively of recommending for transient and environmentally less harmful ways to run into the planetary demand for oil, we should seek a comprehensive and environmentally sustainable energy program that will include energy preservation and may be fuel efficiency if we must utilize fossil fuel. After the purposes and objectives that this survey sets out to accomplish has been attained, it is expected that the consequences obtained and observations made will: 1. Deter crude oil industry ââ¬Ës participants and their affiliates from offshore development. 2. Cause us to look towards developing sustainable energy solutions that includes renewable beginnings and preservation that will protect our natural resources, instead than boring for fossil fuels off our oceans. 3. Cause us to ablactate ourselves off the over-dependence on oil to salvage our environment and cut down the worsening consequence of clime alteration. 4. Save and protect our coastlines from industrialisation. 5. Chase away the assorted myths that advocates of seaward development are invariably seeking to jostle down our pharynxs. 6. Promote a rush in the figure of ocean protection protagonists.RestrictionSince the informations to be used for this work were non generated personally, some degrees of uncertainness as to the truth of the work exist. Problemn, may originate during sample Problems with package use may originate if tutorial is non given.Duration OF PROJECTAll things being equal, research undertaking continuance is expected to cross a period of three old ages, between the beginning of the work and entry of bound study. A Gantt chart, ( an illustration is shown below ) will be used to demo a dislocation of what and when an activity will be carried out. An activity, whenever completed will be struck off to give lucidity to works yet to be done.UndertakingDurationApr.MayJun.Jul.Aug.Sept.Oct.NovResearch Definition/Proposal Submission 5 hebdomadsAAAAAAAAAAAAAAAAAAInterim presentation/proposal defense mechanism 1 twenty-four hoursAAAAAAAAAAAAAAAAAALiterature research and background surveies 4 hebdomadsAAAAAAAAAAAAAAAAAAPetrel G & A ; G tutorial 1 hebdomadAAAAAAAAAAAAAAAAAAModelling/ analyses utilizing package 3 hebdomadsAAAAAAAAAAAAAAAAAAQuantitative modelling/ design surveies 2 hebdomadsAAAAAAAAAAAAAAAAAACompilation/ presentation of patterning consequences to supervisor 1 hebdomadsAAAAAAAAAAAAAAAAAAWrite-up 3 hebdomadsAAAAAAAAAAAAAAAAAASubmission of bill of exchange for cogent evidence reading/supervisor ââ¬Ës sign-off 2 yearssAAAAAAAAAAAAAAAAAAAlteration of study 2 hebdomadsAAAAAAAAAAAAAAAAAAApproval/submission of concluding study 3 yearssAAAAAAAAAAAAAAAAAAPresentation and oral session 1 hebdomadAAAAAAAATable 1: Example of a typical Gnatt ChartSummaryOffshore oil boring and oil spills have the possible to critically impact pristine Marine ecosystems. While there are legion environmental jobs associated with oil boring, there are besides negative economic impacts that we merely can non afford during difficult economic times. It is imperative that we switch off from an old mentality of trusting on fossil fuels. Climate alteration and other environmental jobs are non waiting for us to reconstruct our energy portfolio. Oil boring and continued usage of fossil fuels will merely worsen clime alteration, and maintain us trapped in a backward frame of head which overlooks sustainable energy and preservation. New offshore boring is non portion of the reply to sustainable energy instead the replies for sustainable energy is already gazing us right in the face. At the completion of this survey, recommendations will be suggested that will restrict or wholly extinguish the impacts of offshore geographic expedition and development.
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