Drug Addiction - 1074 Words

Drug Addiction Drug abuse is an increasing epidemic in today’s society. There are so many types of drugs being abused today, both legal and illegal. These drugs affect the human body in many different ways. Drug abuse can lead to addiction. â€Å"Drug addiction involves the repeated and excessive use of a drug to produce pleasure or escape reality despite its destructive effects† (â€Å"Environmental Health Perspectives,† 2005). Drug addicts believe that drugs are necessary for them to have a feeling of well-being (â€Å"New Insight in to Drug Addiction and Self-Control,† 2008). People are addicted to all types of illegal and prescription drugs (â€Å"New Insight in to Drug Addiction and Self-Control,† 2008). Some people think that drug abuse is a†¦show more content†¦On the other hand, there is indirect pressure when someone sees everyone around them using drugs and thinks that there is nothing wrong with using drugs because they don’t see t he long term effects of the damage. The person might try drugs just to fit in and seem cool, even if the person has no intentions of using drugs. They usually do it just to be considered cool by their friends. Today drugs are considered to be acceptable by many teenagers. Drug addiction among adolescents usually leads to depression and suicide in many situations. It’s because they aren’t educated enough about them and we need more programs to show examples of the side effects. Maybe if they see the results first hand, it might change their mind of trying it for the first time. Columbia University s National Center on Addiction and Substance Abuse (CASA) said about 2.3 million kids ages 12 to 17 took legal medications illegally in 2003 (Banta 2). According to the Anti-Drug Foundation, teens say they abuse prescription drugs because they are easy to get and they think they are a safe way to get high (Parenting of Teens† 1). Dr. Nicholas Pace, an internist at New York University Medical Center, clarified the sad truth when he said, â€Å"It’s a hidden epidemic† (Banta 2). To fix the rapidly growing issue, I will propose to support programs aimed at preventing drug abuse, to educate parents as well as children about the risks of misusing medicine, and, finally, to enforceShow MoreRelatedDrug Addiction : Drugs And Heroin Addiction1130 Words   |  5 PagesThe arguments for whether or not to prescribe heroin to treat heroin addictions are controversial. Henden and Baeroe (2015) state both sides of the arguments being that some bel ieve â€Å"it is in the nature of heroin addiction for individuals to lose their ability to resist their desire for heroin,† which knowing the nature of chemical dependency, heroin addicts would not refuse any heroin, so it still possibly an invalid consent to research participation as they did not have a free choice to reallyRead MoreDrug Addiction : Drugs And Drugs Essay744 Words   |  3 PagesWhen people first hear the word drug, they think of illicit drugs such as cocaine and methamphetamine. They also think about the user and sometimes why they use. One thing that is overlooked by the public is the treatment programs that are available to drug users. There is a stigma in our society around drug use that is very negative. Many believe that people that do drugs do them just to do them and even if this is true in some cases, no one wakes up one morning and decides that today is the dayRead MoreDrug Addictions802 Words   |  4 Pagesof the states, is facing drug problems . This state is considered one of the deadliest drug epidemics in American history. There are two types of drugs mentioned in the article. One of them is opioid. An opioid is a substitute for morphine and widely used. According to the statistics, 500 people had died from an overdose in 2005. In 2013, the numbers soared from 500 deaths to 2,700. Another drug(s) is known as synthetic opioids. Fentanyl and Carfentanil are the two drugs mention by Phil Plummer,Read MoreDrug Addiction3845 Words   |  16 PagesDrug Addiction (Focus of the Study: â€Å"Shabungan† at Brgy. Victoria Reyes, Dasmarià ±as, Cavite) Group No. Cuenca, Ma. Kristina B. Enon, Jane Loraine S. Tuban, Julie An Pelisco, Marvelous Salcedo, Yvette Laganzo, Ma. Riellyn Mae Austria, Gerald Mateo, Alyssa INTRODUCTION: Drug Addiction is a chronic disease affecting the brain, and just about everyone is different. It was also a condition that characterized by compulsive drug intake, craving and seeking despite what majority of societyRead MoreAddiction : Drugs And Addiction947 Words   |  4 Pages Addiction is a problem that’s very prevalent in our society. Considering that drugs and alcohol are being introduced to kids in middle school, this isn’t that surprising. We as a society constantly bombarded with talks about the â€Å"war on drugs† and addiction. There are constant conversations about what should and shouldn’t be legal and what addiction really means. Is addiction in the head, or is it something a person chooses? Should we help or punish people with addictions. Everyone has opinion,Read MoreDrug Dependence And Addiction : Drugs1231 Words   |  5 Pagesobvious assumption that drugs have an effect on the mind, but what exactly goes on and how do these substanc es affect your brain and change your state of consciousness? This is the question that interested me and brought me to want to write about this certain topic. Drugs alter the way people think, feel, and behave by disrupting neurotransmission, the process of communication between brain cells. Over the past few decades, studies have established that drug dependence and addiction are features of anRead MoreDrug Addiction and Drugs1219 Words   |  5 PagesDrugs Addiction Miami Beach Senior High Ashley Gonzalez Ms. Cooper/Mr.Sussman English II-Period Three 06 March 2013 Drugs Addiction Topic and Thesis Statement Miami Beach Senior High Topic: Drugs Thesis Statement: In an examination of drugs I will discuss causes of this disease/or social dilemma. I will also discuss the effect of drugs on individuals, families and society. Read MoreDrug Dependence And Addiction : Drugs1231 Words   |  5 Pagesobvious assumption that drugs have an effect on the mind, but what exactly goes on and how do these substances affect your brain and change your state of consciousness? This is the question that interested me and brought me to want to write about this certain topic. Drugs alter the way people think, feel, and behave by disrupting neurotransmission, the process of communication between brain cells. Over the past few decades, studies have established that drug dependence and addiction are features of anRead MoreThe Drug Of Drug Addiction Essay1270 Words   |  6 Pagesmy older brother struggle with drug addiction has taught me more in my life than anything else. He was a smart kid with a good head on his shoulders.   As he grew older he made some unwise choices with regard to substance abuse that quickly turned into a full blown addiction lasting over five years and landed him in and out of four different rehabs.   He was striving to get clean, but every time he took one step forward he fell three steps back.   Taylor entered Drug Court, after finding himself inRead MoreDrug Addiction : Drugs And Drugs1017 Words   |  5 Pages In today’s society, it is now normal to know somebody who has a drug addiction especially to opiates. A dr ug addiction is a mental disorder that the person can no longer control their actions. The person addicted to the drug will no longer care about the outcome of their actions as long as they can get that high they are seeking. **from textbook pg. 303** â€Å"Opioids are classified as narcotics- strongly addictive drugs that have pain relieving and sleep-inducing properties. Opioids include both naturally

Physician-Assisted Suicide Essay - 2219 Words

Physician-Assisted Suicide In todays society, a very controversial issue is physician-assisted suicide for terminally ill patients. Many people feel that it is wrong for people, regardless of their health situation, to ask their doctor or attendant to end their life. Others feel it is their right to be able to choose how and when they die. When a doctor is asked to help a patient to their death, they have certain responsibilities that come along with it. Among these duties, they must prove valid information as to the terminal illness the patient is suffering. They also must educate the patient as to what their final options may be. When they make the decision of whether or not to help the patient into death, and should they†¦show more content†¦Kevorkian had created a machine, known as the suicide machine, which was made up of three glass bottles connected to an IV. In the three bottles were saline solution, a sedative, and potassium chloride. When the patients felt they were ready to begin the proces s, they turned the machine on themselves and were put to sleep by the sedative. After this, they were eventually killed by the potassium chloride. It has been said that when the people began hearing about Dr. Kevorkian and his suicide machine, many terminally ill patients began to fear their own physicians. The patients began to believe that all physicians were out to assist them to death or try to talk them into physician-assisted suicide (Thomas 14). Kevorkian claimed that he had, â€Å"caused no death; he just helped with his patients last civil rights.† He states that doctors that dont help assist their patients are like the â€Å"Nazi doctors during World War 2, those who used experiments on the Jewish people.† (50-51). For those people who believe that physician-assisted suicide should be their choice, they feel it should be legalized because: they dont want to go through the suffering caused by the terminal illness, they fear the loss of independence, becoming a burden to their family and/or friends, and they also fear dying alone. It was reported, in Richard L. Worsnops Assisted Suicide Controversy, that many people fear living a life in excruciatingShow MoreRelatedThe Treatment Of Physician Assisted Suicide1025 Words   |  5 Pagesprecious hour will give the loved ones a time to say goodbye just before they die with dignity in physician assisted suicide. Terminally ill patients have the right to end their own lives using physician assisted suicide (PAS) without repercussions of laws and people with opposing opinions. According to an article from CNN.com, there are currently five states in the U.S. where physician-assisted suicide is currently legal. In order to be eligible legally for PAS the patient must have six months orRead MorePhysician Assisted Suicide1418 Words   |  6 Pagesresult in patients giving up on life, physician-assisted suicide should be legalized in all fifty states for terminally ill patients with worsening or unbearable pain. What is physician-assisted suicide? â€Å"Suicide is the act of taking ones own life. In assisted suicide, the means to end a patient’s life is provided to the patient (i.e. medication or a weapon) with knowledge of the patients intention† (American Nurses Association). Physician-assisted suicide is known by many names such as deathRead MorePhysician Assisted Suicide2301 Words   |  10 Pagesend-of-life decisions is â€Å"physician-assisted suicide† (PAS). This method of suicide involves a physician providing a patient, at his or her own request, with a lethal dose of medication, which the patient self-administers. The ethical acceptability and the desirability of legalization of this practice both continue to cause controversy (Raus, Sterckx, Mortier 1). Vaco v. Quill and Washington v. Glucksberg were landmark decisions on the issue of physician-assisted suicide and a supposed ConstitutionalRead MoreThe Ethics Of Physician Assisted Suicide926 Words   |   4 Pagesethics of physician assisted suicide since the late 18th century. According to medicinenet the definition of physician assisted suicide is â€Å"the voluntary termination of one s own life by administrating a lethal substance with the direct assistance of a physician.† This would typically come into play if/when a critically ill patient wants to end their suffering. Confirming with the State-by-State Guide to Physician-Assisted Suicide, 5 states have Paquin 2 Legalized physician assisted suicide. CaliforniaRead MorePhysician Assisted Suicide Essay1214 Words   |  5 Pagesrelentless pain and agony through physician assisted death? Physician-Assisted Suicide PAS is highly contentious because it induces conflict of several moral and ethical questions such as who is the true director of our lives. Is suicide an individual choice and should the highest priority to humans be alleviating pain or do we suffer for a purpose? Is suicide a purely individual choice? Having analyzed and even experience the effects of physician assisted suicide, I promote and fully support itsRead MorePhysician Assisted Suicide Is A Controversial Topic1929 Words   |  8 PagesOne may have heard of suicide, but not physician-assisted suicide. The two are very different in terms of the act of taking one’s own life. For instance, physician-assisted suicide is done with help from another person, usually a physician; where the doctor is willing to assist with e ither the means of how to take one’s own life or the actual act itself. This can either be by prescribing lethal doses of drugs to these patients who want to take their own life or by counseling these patients onRead MorePhysician Assisted Suicide : A Controversial Subject1692 Words   |  7 PagesPhysician-assisted suicide is a controversial subject all around the world. Although it is legal in some countries and states, such as the Netherlands, Luxembourg, Switzerland, Oregon, Montana, Washington, and Vermont it is not yet legal in most (Finlay, 2011). People travel from all around the world to these locations to receive information. Physician-assisted suicide is when terminally ill and mentally capable patients perform the final act themselves after being provided with the required meansRead MoreEssay on Legalizing Physician-Assisted Suicide1871 Words   |  8 PagesPhysician-assisted suicide should be a legal option, if requested, for terminally ill patients. For deca des the question has been asked and a clear answer has yet to surface. It was formed out of a profound commitment to the idea that personal end-of-life decisions should be made solely between a patient and a physician. Can someones life be put into an answer? Shouldnt someones decision in life be just that; their decision? When someone has suffered from a car accident, or battled long enoughRead MoreThe Rights Of Physician Assisted Suicide1347 Words   |  6 PagesThe Right to Die By: Antony Makhlouf Antony Makhlouf PHR 102-006 Contemporary Moral Issues Final Paper The Right to Die Physician-assisted suicide, also known as euthanasia, has been a hot topic as of late. If you do not know what this is, physician-assisted suicide is the taking of ones life. This usually occurs when a patient is in a irreversible state, and must live through a tube. With multiple cases occurring in the past, current and the more to occur the in the future, this looksRead MorePhysician-Assisted Suicide Essay1038 Words   |  5 Pagesof their patients, or to assist them in ending their lives? Many people may believe that physicians would never perform the latter, but in actuality one practice does so. Physician assisted suicide is the intentional ending of one’s life brought on by lethal substances prescribed by a doctor. In the majority of cases, the patient is terminally ill and simply does not desire to live any longer. Their physician provides the medication necessary to end their life. Many supporters aver that this practice

Financial Application Package Reckon in Australia

Question: Discuss about the Financial Application Package Reckon in Australia. Answer: Introduction The financial market in Australia is currently booming with lots of financial software competing among them featuring almost similar kinds of features and service. Reckon is one such type of financial software used for bookkeeping, bank reconciliation, invoicing among others. After numerous acquisitions, awards and recognitions, and innovative new features, it has differentiated itself from others and created a niche for itself. This literature review on the financial software Reckon discusses the history of the company from its inception in 1987 as a small scale business to acquiring some of the leading software in the market used for business process and bookkeeping like APS, and Shelco. This study also mentions the company's development by its major decision to migrate its application to the cloud, and the vast customer base it currently enjoys. Its current challenges mostly have to do with Payroll update and the problems are detailed. Reckon has many competitive advantages in the form of its products Reckon One and QuickBooks over its competitors like MYOB, Xero, Intuit, among others. Recommendations are made based on the challenges faced by the latest Payroll update, and user friendliness of the software. Literature Review History Going back all the way to 1987, Reckon was founded with a loan against an old Holden Commodore car and a credit card that was maxed out. It was the start of a small business. In 1993 personal financing software was released by Reckon dubbed as Reckon Quicken in Australia, and history was made. The Australian market saw business software being released in 1994 called Reckon QuickBooks. By 1998 Reckon expanded its business to Singapore and New Zealand. On 19th July 1999, the Australian Stock Exchange saw the stock price rise to 167% premium (Reckon Australia 2016). Reckon QuickBooks was selected by the PC Magazine as the Editors choice in 2000. In 2002 integration between Microsoft Office and Reckon QuickBooks was established through a strategic partnership with Microsoft. 2004 saw the acquisition of APS by Reckon. In the same year, Reckon QuickBooks was named Best Small Business Accounting Package by PC Users Top 100 products review. By 2006, Desktop Super, and Elite, which was tax so lution and small practice management was bought by Reckon. To start helping business with new company registration, Reckon bought Shelco. 2009 was a significant milestone for Reckon when it released Reckon Docs, used for business registration, and Reckon Billback, used by top law firms. The same year also saw a release of QuickBooks Hosted (Reckon Accounts Hosted as it is now called). In 2012 Reckon bought Virtual Cabinet online document management and Lindenhouse and renamed Quicken and QuickBooks. In 2013 Reckon SyncDirect was released. 2014 saw the end of the relationship of Reckon with Intuit Inc, USA, and the brand QuickBooks could no longer be reused (Allert 2015). 2016 saw the acquisition of SmartVault online document management; Reckon One Payroll module was released. The same year also saw the release of Reckon One online financial software launch in the UK. It has also launched Rocket Loans, in partnership with Prospa, a Deloitte Fast 50 winner. Development and Adoption Reckon One software has many happy customers in its testimonial. It provided customers the affordability to pay for the features they would use, which was quite useful for those running small businesses and wanted an easy way to watch financial report and the performance of their business. By utilizing the bank feed module and the built-in simple reporting, companies found huge cost savings in bookkeeping expenses (Reckon Australia 2016). When Reckon One adopted cloud computing, the companies saw taking more control over their finances. The invoices were emailed to the clients on the spot, they could run and view reports, and the dashboard view gave them a lot of control over their business, which increased productivity. As stated by Hossack (2015), Reckon was founded by Greg Wilkinson with a maxed-out credit card and a loan against an old Holden Commodore car 30 years ago. It currently employs over 500 people and is publicly listed on Australian Stock Exchange with good financial records. Even then, the company is still led by the entrepreneurial spirit and excitement that led to its inception. The company also employs futurists, designers and coders and a network of over 6000 partners in their active customer base (Fool.com.au 2016). Their aim is to move forward while doing continuous innovation. They have established themselves as the market leader in the following three core areas: Practice Management, Document Management and Business Solutions. Current Market Size Reckon APS, which is a practice management software after it has migrated to cloud it took a step ahead in the competition globe (Reckon Australia 2016). It is used for Practice Management and is used by 70% of the top 100 accounting firms and other leading legal firms across the. Reckons document management solutions like Reckon VirtualCabinet (for enterprises) and Reckon SmartVault (for professionals) have seen incredible growth (Smartvault.com 2016). Through this software over 560,000 documents were shared with users and used by more than 48,000 customers. Reckons software is utilized by thousands of businesses across the world. The company is also looking forward to their next-generation accounting software, which is Reckon One, and Reckon Loans for small business learning venture (Reckon Australia 2016). Present leaders in the market Currently, there are many financial software packages available in the Australian market for business managers to control their financial reports and records. There is free accounting software which requires no cost, but among paid options, there are some leading ones like MYOB, Intuit, Sage, Quicken/QuickBooks, Xero online, Cashflow Manager, Nominal, and Saasu. MYOB is battling for supremacy in the financial cloud market and confirmed details of its IPO in April. Intuit and Xero have opened their cloud services for the bookkeeping industry (Businessinsider.com.au 2016). Competitive advantage Every product of Reckon offers its set of benefits. Quickbooks, which is hosted by Reckon Online includes all the main functionalities with the ability to access data files of the company anytime and anywhere, resulting in improved productivity and efficiency. Other features that give it an edge ahead of its competition are Real-time BAS lodgement, automatic backup and disaster recovery, multi-company reporting, industry tailored solutions and more (cutcher.com.au 2016). Reckon One, the cloud accounting software can do far more than just business accounts. It provides flexibility by offering the modular approach, which means users can opt for any number of features they want and turn them off when they are not needed (Allert 2016).. Other features offered are invoice reminders for pending invoices, collaboration among users, mobility, syncing with bank feeds, has guaranteed compliance, better security with professional grade security technology and helps prevent fraud. Current Challenges Encountered and Literature Gap With the announcement that the 101 release of Payroll and enhancements to be delivered, it may come with not so good functionalities (Liburd et al. 2014). Payroll is one such feature where many small users struggle and the more user-friendly, the less complicated it gets. The current challenges are: It does not integrate Payroll values into the BAS reports. Navigation features of User Experience are still in need of more polish. General ledger posting accounts specification is very limited. Compared to MYOB Essentials, it used preset defaults without the need of any specification. The current process is quite complex when it comes to recording leave for employees and opening balances of pay. The Standard Pay Items are not preloaded and are to be setup from scratch (BIT 2016). Reckon One is lagging by two years behind Xero regarding add-ons and features and seven years in development hours, and by ten years behind Intuit regarding development time, but the gap is closing fast by releasing their updated payroll module (Growthpath.com.au 2016). Conclusion Reckon, the financial accounting software package company, may not be in the same league with MYOB, but it has certainly evolved a lot through acquisitions, a release of accounting products and re-brandings of its products over the years from its humble inception in 1987. The company still maintains the entrepreneurial spirit that led to its current success. Its development took an edge when it moved towards cloud computing with its product Reckon One, which offered some advantages of using cloud application and more. Its current market size explains itself with its Reckon SmartVault software used by 48,000 customers, and Reckon APS, which is by top 70 accounting firms across the globe. Its competitors are MYOB, Intuit, Xero, and more, but Reckon has been quite steady. It still has some payroll features to iron out which limits it from coming on to the top. Recommendations Reckon needs to focus on the userfriendliness of the Payroll system because small business depends on it as it is the only thing they struggle with. It needs to load preset defaults without the need of a specification like MYOB. Opening and closing balances must be quite simpler. References Allert, S. 2015.The accounting industry is changing - whether you're ready or not. [online] Accountantsdaily.com.au. Available at: https://www.accountantsdaily.com.au/columns/8104-technology-driving-change-for-accountants [Accessed 31 Aug. 2016]. Allert, S. 2016.15 Little Known Benefits of cloud Accounting Software. [online] Blog.reckon.com. Available at: https://blog.reckon.com/15-little-known-benefits-of-cloud-accounting-software [Accessed 31 Aug. 2016]. BIT. 2016.7 accounting packages for Australian small businesses compared: including MYOB, QuickBooks Online, Reckon, Xero. [online] Available at: https://www.bit.com.au/Review/344651,7-accounting-packages-for-australian-small-businesses-compared-including-myob-quickbooks-online-reckon-xero.aspx [Accessed 31 Aug. 2016]. Businessinsider.com.au. 2016. [online] Available at: https://www.businessinsider.com.au/charts-the-battle-for-supremacy-in-australias-cloud-accounting-market-2015-4 [Accessed 31 Aug. 2016]. cutcher.com.au.2016. [online] Available at: https://www.cutcher.com.au/files/docs/software%20flyers/reckon%20online%20for%20pc.pdf [Accessed 31 Aug. 2016]. Liburd, J., Chitayat, S., Crawley, S. W., Munro, K., Miller, E., Denis, C. M., ... Smith, S. P. 2014. Structure of the small Dictyostelium discoideum myosin light chain MlcB provides insights into MyoB IQ motif recognition.Journal of Biological Chemistry,289(24), 17030-17042. Fool.com.au. 2016.ASX:RKN (Reckon Ltd.) | Motley Fool Australia. [online] Available at: https://www.fool.com.au/tickers/asx-rkn/ [Accessed 31 Aug. 2016]. Growthpath.com.au. 2016.Review of Cloud Accounting (Xero, Saasu, MYOB Essentials, QuickBooks) | Business IT. [online] Available at: https://www.growthpath.com.au/Business-IT/review-of-myob-liveaccounts-and-xero-accounting-in-the-cloud.html [Accessed 3 Sep. 2016]. Hossack, S., 2015. Cloud-based accounting and productivity tools for practitioners and taxpayers.Taxation in Australia,50(5), p.265. Reckon Australia. 2016.About Us | Reckon. [online] Available at: https://www.reckon.com/au/about-us/ [Accessed 31 Aug. 2016]. Reckon Australia. 2016.AP- Reckon Australia. [online] Available at: https://www.reckon.com/au/aps/ [Accessed 31 Aug. 2016]. Reckon Australia. 2016.Timeline of our history | Reckon. [online] Available at: https://www.reckon.com/au/reckon-history/ [Accessed 31 Aug. 2016]. Smartvault.com. 2016.Reckon acquires SmartVault Corporation (USA). [online] Available at: https://www.smartvault.com/blog/2016/reckon-acquires-smartvault-corporation-usa/ [Accessed 31 Aug. 2016].

Wool Essay Example

Wool Essay Wool is derived from sheep or other animals Caprinae family. Sheep is the principal member of this animal family that produces wool. Wool has many uses and for this reason it is a very valuable business commodity. Most countries produce wool but the production is not enough to sustain their demand hence the need to import from other countries whose production supersedes what they need and thus have the capacity to export and still have enough for domestic use. Such countries include: Australia, China, New Zealand, Argentina, Uruguay, UK, and South Africa. The major wool export destinations include countries such as China, Italy, India, Czech Republic, Taiwan, Malaysia, Thailand, Bulgaria, Japan and German. Some of the uses of wool include the manufacture of clothing and blankets, carpets, horse rags, and in upholstery. Most common use of wool is its use in the manufacture of diapers. Diapers are highly marketable because every mother will always need to cover her child with diapers e very day. This presents a high demand for wool for the purpose of manufacturing diapers among other things. Introduction Among the top ten wool exporters, Australia leads the list. The major importer of Australian wool is china among other countries. Actually, Australia produces 25% of the worlds total greasy wool production. The wool produced in Australia is one of the major revenue earners for the Australian people. In 2005/2006 financial year alone, the wool exported was worth $2.64 billion. China is a major Australian competitor in the wool industry. Despite the fact that China has the highest sheep population in the world, Australia still emerges as the world’s top wool producer. Australians 100 million sheep is mainly 88% Merino which is a sheep breed with very high wool productivity. Most of Australians wool is greasy making it have high demand especially fro China. Australians wool exports have been increasing from time to time. This means that most countries are now seeking to import wool from Australia. In the 2004/05 financial year, the exports raised mainly due to high demand for woo l especially the demand for fine and superfine wool (Kadolph , 2007). The rise was 10% more than the previous financial year. Australia is opening up its export to other countries as its production keeps on increasing and this paper seeks to explore the opportunity for the wool export from Australia to Canada. We will write a custom essay sample on Wool specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Wool specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Wool specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Strengths The Australian wool has been known to be of high quality. This is explained by the fact that most countries import wool from Australia. China, which is the major Australian wool destination, has maintained buying wool from Australia not only because Australia has the capacity to supply the gigantic amounts demanded by china but also because of the quality of its wool. Australians wool can be exported while in its greasy form or it can washed and refined sorted and graded before being exported. This treatment constitutes processed wool. These options are offered to take care of the importers specification. There are those countries who will prefer the Australian greasy wool whereas others will prefer the processed form of the Australian wool (Hitches B, 1998). Besides the quality of Australian wool, Australia has the capacity to produce enough wool to export and to retain enough for domestic uses. Australia is the world’s largest wool producer claiming 27% of the total world’s wool production followed by china which also claims dominance as the world’s largest Australian wool export destination. The graph below shows the top ten wool producers in the 2004/05 financial year. Top ten wool producing countries 2004/2005 Source: Australian Wool Production Forecasting Committee, ABARE Weaknesses Almost 85% of Australian wool is sold by open cry auction or the sale by sample method in which a sample from each bale is presented for the buyer’s scrutiny before buying. This kind of selling encourages the appearance of middlemen thus making it expensive for foreign buyers. Even though other buying methods such as sale by tender still exist but the percentage of woo sold this way is minimal. Opportunities Australia exports sugar to Canada. This is a very important introductory business ties that can help expand the commodity profile that Canada imports from Australia. The fact that the sugar export process is a success then this is a marker that there is a possibility that the wool export can also be a success based on the stability of business ties between the two countries demonstrated by the Australian sugar export to Canada. Australia depends on the exports for its revenue. In fact, 20% of GDP is claimed by revenues fro exports. Recently, the Australian government has made efforts to liberalize the export market in its bid to maintain its glory in the international market as a major exporter. Important policy initiatives at the domestic level have been taken in favor of exports. There has been also been efforts to lower the export tariff barriers and the introduction of pro-competition policies to encourage exports. All these are good opportunities for wool exports to Canada. The increase in demand for wool in Canada also poses a possible opportunity for export of wool from Australia to Canada. Canada’s end use demand for wool hit an all time high in 2007. Even though Canada still produces wool, it is evident that the demand for wool beats its supply (Johneen, 2008) Threats China claims more than 64% of Australian’s wool exports with other countries such as India and other Middle East countries claiming some stake in the Australian wool. This means that just as much as Canada can still get some stake in the Australian wool exports, it can’t get enough for its production needs because china will always be given priority based on the fact that it has been importing wool from Australia since 1990. Source: Australian Wool Industries Secretariat The ABARE’s survey of 1999 showed that factors such as land degradation through weed infestation, soil erosion and wildlife and remnant vegetation protection affect the sheep and thus the wool industry in Australia. Any natural and environmental factors that adversely affect the sheep population will have a negative impact on wool production hindering any export opportunity. Therefore, for the wool production to keep increasing each year, such factors have to be anticipates and appropriate measures taken The relative low prices of wool and the marketing of wool challenges in Canada pose a formidable threat to Australian’s export of wool to Canada. If the price for wool in china and Canada are compared, it will be realizes that China has better prices than Canada despite the fact that china is even a bette3r wool producer than Canada. In fact it owns the world’s largest sheep population. Based on this, Australia is bound to export wool to China than to Canada. Canada has import prohibitions and restrictions on a number of commodities such as ammunition, used motor vehicles, alcohol and beverage etc. textile, wool and fur are also listed under the restricted commodities. These restrictions are likely to hinder the feasibility of wool export from Australia to Canada. (EIPA,2008 ) In conclusion, the opportunity for wool export to Canada from Australia can be workable because of the fact that the two countries are already business partners in that Australia exports sugar to Canada. Also the fact that Australia is the world’s largest wool producer gives it the capacity to supply wool to Canada. Regarding the wool import restrictions that Canada has in place, the two government can come together to deliberate the possible measures to be taken by both to make the doing of business with each other favorable. This is possible for example if Australia opens up its market for importation of a specific commodity while Canada on the other hand will move to drop the restrictions on wool. This way, the wool export to Canada will be a reality. However, with china in the scene, wool exports to Canada can be sustained by a subsequent increment in Australians wool production capacity. This can be achieved by increment in the number of sheep population by almost 50% so as to have a surplus of wool to Canada after China has taken its share. Such a wool export increment, will not only increase the share wool export contributes to the GDP but also will make Australia maintain it glory as the world’s largest wool producer.