“Risk Can Be Identified and Controlled. Therefore All...

â€Å"Risk can be identified and controlled. Therefore all industrial disasters are preventable.† Discuss. This essay discusses the apparently logical proposition that if risk can be identified and controlled, industrial disasters are preventable. It first examines the concepts of ‘risk’, ‘identification and control’, ‘disaster’ and ‘preventable’ before examining the nature of the industrial disaster through a systems approach; it will be shown that a disaster can be deconstructed in order to present a series of ‘hooks’ on which preventative action could be taken. However, the nature of the system and organizational culture in which it operates prohibits those lessons from being applied. Furthermore, not only are there limits to lessons,†¦show more content†¦This systems approach seeks to identify lessons in order to predict future disasters within industry because of the isomorphic nature of these systems. From an organizational perspective, Toft and Reynolds (2005 cited in Module 1, Unit 5: 5.6) argued that al though disasters are low frequency events when viewed in the context of one organization, managers could benefit from isomorphic foresight if they viewed incidents which occurred across the whole industry and learned from one another, where organizations and/or operations are similar. Thus, given the availability of theoretical models and empirical evidence, it would appear to be a rational assertion that industrial disasters could be prevented because industry could learn from its own experiences. However, there are a number of barriers to this, both in general and specifically, due to limitations on isomorphic learning. The first general issue of reductionism (Elliott, 2000). There may be a tendency to take a simple approach to causes of disasters (Richardson, 1994) reducing them to simplistic activity or blame; this diverts attention away from emergent properties, or previously unforeseen system interactions (Elliott, 2000) and inhibits a holistic approach which would otherwise consider the range of political, economic andShow MoreRelatedPrevention Of Personal Injury And Loss Of Life4651 Words   |  19 Pageslife are the prime objectives of emergency planning. Fire drills must be conducted to test the organization s abilities and readiness to handle a fire emergency. One of the most important elements in fire protection -- EVACUATION of employees -- can be tested. Planned and unannounced drills should be conducted, each one serving its own purpose. Planned drills focus attention on inspections and training while unannounced ones truly test your organization s response. Planning for fire emergenciesRead MoreBhopal Gas Disaster84210 Words   |  337 PagesThe gas leak triggered a disaster that is now widely recognized as the world worst industrial catastrophe. Thousands of people were killed instantly and more than 25,000 people have died of gas-related illnesses, several thousands more maimed for life since. Union Carbide negotiated a settlement with the Indian Government in 1989 for $470 million - a total of only $370 to $533 per victim - a sum too small to pay for most medical bills. In 1996, t elve years after the disaster, Union Carbide became partRead MoreHsg 6529900 Words   |  120 PagesHealth and Safety Executive Successful health and safety management This is a free-to-download, web-friendly version of HSG65 (Second edition, published 1997). This version has been adapted for online use from HSE’s current printed version. You can buy the book at www.hsebooks.co.uk and most good bookshops. ISBN 978 0 7176 1276 5 Price Code BE Successful health and safety management was prepared by HSE as a practical guide for directors, managers, health and safety professionals and employee representativesRead MoreThe Essentials of Project Management65719 Words   |  263 Pagesunder the Copyright, Designs and Patents Act 1988 to be identified as the author of this work. British Library Cataloguing in Publication Data Lock, Dennis 1929The essentials of project management. -2nd ed. 1. Industrial project management I. Title 658.4 04 ISBN 0 566 08224 1 Library of Congress Cataloging-in-PublicationData Lock, Dennis. The essentials of project management / Dennis Lock.- 2nd ed. p. cm. ISBN 0-566-08224-1 (pbk) 1.Industrial project management. I. Ti tle. Typeset in lJalatinobyRead MoreRural Poverty Alleviation in Nigeria10400 Words   |  42 PagesALLEVIATION IN Nigeria In addressing this topic; Rural Poverty Alleviation, it is necessary to define each of the words in this phrase. Efforts will therefore be made to clearly describe/define the following words; Rural, Poverty, and Alleviation. WHAT IS RURAL? To define what is rural is daunting task, because the word rural is an inexact term that can mean different thing to different people. For example, what is considered rural in a place like United States of America and United Kingdom may notRead MoreImpact of Science on Society38421 Words   |  154 Pagesman’sfirst significant scientific invention to that of expected future scientific advances. The papers are edited transcripts of these speeches. Since the talks were generally given extemporaneously, the papers are necessarily informal and may, therefore, differ in style from the authors’ more formal works. As the included audience questions illustrate, the topic raises far-reaching issues and concerns serious aspects of our lives and future. Donald P. Hearth Former Director NASA Langley ResearchRead MoreImpact of Science on Society38427 Words   |  154 Pagesman’sfirst significant scientific invention to that of expected future scientific advances. The papers are edited transcripts of these speeches. Since the talks were generally given extemporaneously, the papers are necessarily informal and may, therefore, differ in style from the authors’ more formal works. As the included audience questions illustrate, the topic raises far-reaching issues and concerns serious aspects of our lives and future. Donald P. Hearth Former Director NASA Langley ResearchRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesby Aptara ®, Inc. and printed and bound by Courier/Westford. The cover was printed by Courier/Westford. This book is printed on acid-free paper. Copyright  © 2009, 2006, 2004, 2001, 1998, 1995, 1992, 1989, 1986, 1981, 1976 John Wiley Sons, Inc. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesCredits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on the appropriate page within text. Copyright  © 2013, 2011, 2009, 2007, 2005 by Pearson Education, Inc., publishing as Prentice Hall. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in anyRead MoreGsk Annual Report 2010135604 Words   |  543 PagesPipeline summary Products, competition and intellectual property Regulation Manufacturing and supply World market GSK sales performance Segment reviews Responsible business Financial review 2010 Financial position and resources Fin ancial review 2009 Risk factors Governance and remuneration Our Board Our Corporate Executive Team Governance and policy Dialogue with shareholders Internal control framework Committee reports Remuneration policy Director terms and conditions Director and Senior Management

Scams and Fraud in Stock Market - 5370 Words

INDEX SR NO. | CONTENTS | Pg No | 1. | What is stock market? | 1 | 2. | What is fraud? | 3 | 3. | Definition of fraud | 4 | 4. | Fraud law amp; legal definition | 5 | 5. | Definition of scam | 7 | 6. | When stock fraud occurs | 8 | 7. | Financial statement fraud | 10 | 8. | Features of security scam | 12 | 9. | How to spot stock scams | 13 | 10. | Avoiding stock market fraud amp; scams | 14 | 11. | Indicators for scams | 15 | 12. | Top 10 stock market scams | 16 | 13. | Top 10 scamster of India | 20 | 14. | Conclusion | 33 |†¦show more content†¦Fraud Law amp; Legal Definition Fraud is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, which nondisclosure makes other statements misleading. To constitute fraud, a misrepresentation or omission must also relate to an existing fact, not a promise to do something in the future, unless the person who made the promise did so without any present intent to perform it or with a positive intent not to perform it. Promises to do something in the future or a mere expression of opinion cannot be the basis of a claim of fraud unless the person stating the opinion has exclusive or superior knowledge of existing facts which are inconsistent with such opinion. The false statement or omission must be material, meaning that it was significant to the decision to be made. Sometimes, it must be shown that the plaintiffs reliance was justifiable, and that upon reasonable inquiry would not have discovered the truth of the matter. For injury or damage to be the result of fraud, it must be shown that, except for the fraud, the injury orShow MoreRelatedFinancial Crisis Of 2008 Struck The World1398 Words   |  6 Pagesstruck the world, there were multiple business scams and schemes that became exposed, creating a colossal uproar and unrest around the world. When the stock market collapsed, people all across America took a hit, with 2.4 trillion dollars of the Americans people’s savings vanishing in just a few weeks. This financial crisis also brought to light an unprecedented amount of fraud, over exposing people who were cutting corners. One of the most famous scams that surfaced in late 2008 was operated and executedRead MoreAre You Just Starting Out In The Stock Market? If So, You1671 Words   |  7 PagesAre you just starting out in the stock market? If so, you may be bewildered by the wide variety of stocks and wondering where to put your investment. Aside from the most dominant stocks, there are also other minor ones that are too small to be listed or have just come into the mark et. These are known as penny stocks and are known for their high risk and unpredictability - they may make enormous returns or the companies may go bust and you may lose all your investments. In this economic turmoil, sharesRead MoreProject on Satyam Scam1395 Words   |  6 PagesSatyam Saga SATYAM SAGA Introduction: On 7th January, Wednesday, Satyam Computer Services Chairman B Ramalinga Raju resigns and disappears after confessing to the largest fraud of Rs. 7,136 crore in Indian corporate history. He admitted to committing a gigantic fraud that shook corporate India and the stock markets to the core. In a letter to the board, Raju, 54, unburdened his conscience and admitted that there was a huge hole in the company’s balance-sheet created by reporting â€Å"inflatedRead MoreMadoff, A Powerful And Revered Man By Wall Street1173 Words   |  5 Pagescorrectly predicted that the buying and selling of stock would be computerized. He was able to generate a unique system that provided better prices that attracted new clientele. Madoff was known as a major player and earned a great reputation from Wall Street executives as a financial wizard. The reputation of his engagement and involvement in industry organizations eventually lead him in becoming a nonexecutive chairman of the NASDAQ stock market in the early 1990’s. His success and reputation enabledRead MoreFraud As White Collar Crimes1581 Words   |  7 PagesAbstract: We are hearing at least one scam per day on every corners of the globe, these days making scam or fraud is not a big task but the consequences after that are horrible, it effects many individuals lifestyle and even sometimes cost life of human beings Earlier Scams are restricted to some fields but now they are taking place in every field at any incidence of time. Scams are creating a doubt for us whether to believe to business, corporate companies and even our neighbours. TheseRead MoreThrough The History Of The United States And The History1414 Words   |  6 PagesThrough the history of the United States and the history of corporate fraud, many infamous people and entities have taken advantage and abused the corporate system while finding loop holes or discrepancies to use in their favor. Corporate Fraud consists of activities undertaken by an individual or company that are done in a dishonest or in an illegal manner, and are designed to give an advantage to the perpetuating individual or company (Ivestopedia,1). Investors have been known to throw moneyRead MoreThe Madoff Scandal1070 Words   |  5 Pagesinvestment advisory business was a giant Ponzi scheme, continue to widen. According to a criminal complaint filed by the FBI and a civil action brought by the Securities and Exchange Commission (SEC), the elderly Madoff estimated that the losses from his fraud exceeded $50 billion. The tally of losses already reported by banks, hedge funds and wealthy investors climbed over the weekend to nearly $20 billion. Banks and hedge funds around the world—in the US, Britain, Italy, Spain, France, Switzerland andRead MoreMadoff s The Great Ponzi Scheme1242 Words   |  5 Pagescheated investors worldwide in the biggest Ponzi scheme in American history stealing over sixty five billion dollars from his clients .His enormous ponzi scheme was essentially evil genius and because of this incredible con Madoff has become the face of fraud in the 21st century and someone who exemplifies the dark side of wall street. This is shown through the incredible amount of illegal business tactics that he had used and through his deceitful nature. Madoff s trickery ruined the lives of many peopleRead MoreComputer Services Scandal And The Media Scandal Essay1244 Words   |  5 Pagesto know about the famous Satyam scam also known as Computer Services  scandal, and   quot;India#39;s Enronquot;(Enron was a US based company which was inflicted with a similar accounting fraud)the news grab by attraction I was eagerly starts reading that news and I was completely shocked after reading the news, because the news contains about biggest accounting frauds since ever. In the news it has been shown Mr. Ramalinga raju(master mind after all this fraud) ,the news unfold like that RamalingaRead MoreGlobalization Of The United States1377 Words   |  6 Pagesbecause at times capitalism is centered on violence and submission. Capitalism puts enormous pressure on society to make capital. In the United States have seen a lot of fraud through the years, as well as other high profile crimes in which the fraud formed part. The most feared crime by companies in developed countries is fraud, even compared to other crimes such as theft and sabotage. Far from being under control, this scourge is helped by greater complexity in business, the increasing globalization

The Issue of Forced Marriage - 1140 Words

Girls all over the world are forced into marriages due to financial necessity, tradition and to ensure their future. Most of these girls married are at a young age: â€Å"One third of the world’s girls are married before the age of 18 and 1 in 9 are married before the age of 15†( â€Å"Child Marriage Facts and Figures†). The young ages of those being married reveal how crucial it is to resolve this problem. When child marriage occurs the parents of the bride usually chose the groom for their daughters; and these grooms can be three times older than the young brides. Some children are brought into the world of marriage at the of 8 or sometimes less depending on their cultural views. The following can be used to help reduce the impact of early†¦show more content†¦Agreements such as this can lift the burden of paying for a girl’s education, thus making it easier for parents to choose to educate their children, instead of marrying them off. In rural areas of underdeveloped countries, the practice of child marriage is on the rise due to the fact that most of the girls being married off are not educated enough to know there are laws in place to protect them. Being oblivious of their rights, children are being married off before they are able to comprehend the harm brought upon them. Having knowledge of laws that protects them from being married before they are ready can assist them in taking steps to prevent the occurrence of early marriage. Educating young girls about their rights is one way of ensuring that one child may be kept safe from having to face the atrocities of marriage with mostly older men. We can accomplish this by setting up organizations that can go to different villages and provide information on how marriage at a young age can have negative effects on the health of young wives. These organizations could even work with the government to provide shelters for girls who are trying to escape the wickedness of early marriage. If the girls are already in an early marriage, then these girls can be provided with information on birth control. Since all of these young girls are forced into motherhood without their consent, having the choice of taking birth control can helpShow MoreRelatedArranged Marriage Essay1024 Words   |  5 Pages) An ugly, inhuman, act like forced marriage has been practiced throughout history for centuries in one way or another; men and women, especially women, were forced into marriages by their parents, guardians, authorities or rulers for various reasons, and they went through inexplicable sufferings. Up until the late 18th century and early 19th century, when the literary and intellectual movement of romanticism presented new and progressive ideas about love marriage and which started to gain acceptanceRead MoreForced Marriage : A Form Of Abuse And A Honor Crime Against Humanity Essay1736 Words   |  7 PagesForced marriage has been an upcoming issue for a period of time now, as seen as a form of abuse and a honor crime against humanity specifically more so towards women throughout different cultures. Forced marriage within Europe is predominately practiced by minority cultures like South Asian, Somali, Chinese, Middle Eastern, and Latin American, among other cultures. These cultures al ike others follow their own cultural and religious practices, but with todays society other cultures may view theseRead MoreAre Arranged Marriages and Forced Marriages Unethical1550 Words   |  7 PagesAre Arranged Marriages and Forced Marriages Unethical? Would you consider having your marriage forced or arranged to a person you never met or seen before? Most probably no, but this is happening to many young females and males all over the world. Arranged and forced marriages have been a heated debate in certain cultures, justifying whether it is good or bad it’s hard to judge. There have however also been many changes to these traditions in contemporary society, regarding culture clashing. ResearchingRead MoreReflection and Analysis of My Works on Forced Marriage803 Words   |  3 PagesBoth my literary and non-fiction piece were based on the conflicting topic of forced marriage and seeing the obstacles being tackled .Through the influence the reporter Nick Owen, my opinion article was aimed to question the readers whether cultural issues and norms should be used as a justification to get young girls married to someone they hardly know. This is due to some people addressing this practise as a cultural† thing and opposes making it a criminal offence. Similarly my fictional storyRead MoreStruggle for Children’s Rights987 Words   |  4 Pagespermanent divorce,† this is a saying of a 10-year-old wife - who was suffering from child marriage (Worth, â€Å"Voices Child Marriage Yemen†). Child marriage is a terrible scenario for children, especially for little girls. They are forced to marry, before they are mature enough due to social norms, traditions and their family members, whom they are depending on. According to statistics in 2013, in Bangladesh, the child marriage prevalence under the age of 18 is 66%. 240 among 100,000 child wives died, when theyRead MoreGlobal Issue: Women’s Rights823 Words   |  3 Pagesage of six, Tahani was forced to be married to a man more than four times her age. Tahani’s young marriage resulted in a lack of education and regular subjection to beatings and sexual assault by her husband (Sinclair). While conditions for women in develo ped countries have drastically improved over the last few centuries, in third-world areas, stories like Tahani’s are still very common. Despite advances in equality, girls all over the world are still forced into marriage at very young ages, deniedRead MoreThe Shrew By William Shakespeare1196 Words   |  5 Pagesdistinction of All’s Well That Ends Well from other comedies comes mainly from the fact that the resulting marriage is not a mutual affection, at least not until Bertram’s life is at stake. While The Taming of the Shrew also focused on a couple that shared mutual affection, Petruccio wanted only the prestige and property and Kate never wanted the marriage, it also included a wooing and marriage that was consensual between Bianca and Lucentio. Without an additional relationship, All’s Well That EndsRead MoreThe Pros And Cons Of Arranged Marriage1006 Words   |  5 Pages We as a nation are based upon freedom and free choice. Races and nationalities have fought for freedom and equal rights. If Arranged Marriages are taken away, it takes a way the freedom of religion doings that our country was based upon. People consider arranged marriages to be banned because it is considered not a freedom of choice. Many women are often forced to marry a man typically 4 years older than them. These reasonings could vary because the family is poor and need money or need their daughterRead MoreThe Issue Of Marriage And Divorce1490 Words   |  6 Pages Marriage and divorce has always been a tricky subject for many couples, the fear of rejection, starting a family or hurting their other counterpart can come to play in many situations throughout their relationship. Traditionally marriages were known to be a sacred bond between two individuals. This bond can be between two heterosexuals or two individuals of the same sex. On May 17th, 2004 Massachusetts became the first state to allow all same-sex marriages (Dinno 2013). In Canada same-sex marriagesRead MoreMarriage Is The Voluntary Union Of One Man And One Woman1662 Words   |  7 Pagesâ€Å"Marriage is the voluntary union of one man and one womanâ € , which has been recognised by law and ceremony essentially in every society for centuries. However, throughout history marriages have taken many dissimilar forms. The Marriage (Same Sex Couples) Act 2013 was passed by Parliament which introduced civil marriage for same-sex couples in England and Wales. The legislation authorised religious institutions to be able to marry same-sex couples at their discretion, safeguarding religious institutions

Business Entrepreneur Innovative and Entrepreneurship

Question: Discuss about the Business Entrepreneur of Innovative and Entrepreneurship. Answer: About Emma and Toms Emma and Toms is an entrepreneurial business that operates in the Australian soil. The business came into formation during 2004 based on a joint effort by two friends, Emma Welsh and Tom Griffith. The company works on a culture focused on looking after the betterment of oneself and also for the fellow people both inside the organisation and the larger society. The company focuses on operating based on a tightly set customer mindset such that it aims in enhancing the level of customer satisfaction based on the production and marketing of its nutritious food drinks and smoothies(Emma and Tom's, 2013). Business Products/Services Emma and Toms focuses on generating a wide array of food products like smoothies of whole fruits, packed life bars consisting of ingredients like fruits, seeds and also nuts, refreshing drinks and sparkling fruit juices. The sparkling juice product category of Emma and Toms consist of whole fruit juices, sparkling waters, leaf extracts and natural flavour drinks. Sparking Juices produced by Emma and Toms are secured from the health point of view in being free from artificial colouring, artificial flavours and also use of citric and phosphoric acids. Further, the juices are also available in two main varieties. Similarly, different types of botanical products like rosehip, ginseng and chlorella are used for the development of smoothies. The company also produces Iced Teas and also Well Being Waters having less calories for the consumers(Emma and Tom's, 2016). Mission of Emma and Toms The mission of Emma and Toms is to focus on the development and offering of nutritious food products in the form of fruit drinks to the customers. The company also focuses on generation and sustainment of betterment for fellow Australians in terms of generating nutritious drinks and also in looking after the social betterment(Emma and Tom's, 2013). Vision of Emma and Toms The vision of Emma and Toms is to be a leading company in the smoothies and beverage segment in Australia. It aims in continually developing its relationship with its diverse group of stakeholders such that the same helps in enhancing and sustaining the market share in the Australian market. Core Values of Emma and Toms Emma and Toms core values relate to the incorporation of innovative ideas for the production of new products to capture the mindset of the Australian consumers. Further, Emma and Toms also focus on understanding and evaluating the needs of the consumer groups in that the same would contribute in the production of right quality and pattern of smoothies and beverages(Emma and Tom's, 2013). Business Model of Emma and Toms The business model of Emma and Toms is observed to encompass a large range of activities associated with the distribution of smoothies and other beverage drinks along different outlets and cafes. Further, the company also focuses on the development of exclusive outlets for establishing an effective presence in the Australian smoothies and drinks market. Emma and Toms is also observed to make use of electronic commerce in enabling consumers view and procure fruit juices and other products from any part of the world(JCurve, 2016). Innovation and Entrepreneurship in Business The aspects of innovation and entrepreneurship contribute in enhancing the level of competitive advantage for a business institution. The incorporation of innovation and entrepreneurship in business activities potentially help in the identification of new processes and ideas that contribute in the generation of new products and services. Further, the insurgence of new technology in the business institution also contributes in development of novel business strategies that in turn enhance the performance potential of the organisation in the long run. Different types of innovation strategies like open, disruptive, breakthrough, reverse and incremental are undertaken by business institutions for enhancing the current potential of the organisation. It also enhances the entrepreneurship potential of the business managers and encourages them for undertaking risks(Brooks, 2013). Innovations in Emma and Toms Emma and Toms continually focus on innovating on its product offerings to render healthy and nutritious juice products to the consumers. The food products offered by Emma and Toms are minimally processed based on the use of new technology in that the same helps in retaining and even enhancing the health and nutritional parameters. Further, use of new technologies has also helped Emma and Toms in expanding on its product assortments based on the inclusion of quenchers, sparkling fruit juices and other fruit and nut snack bars along with the regular smoothies(JCurve, 2016). The different types of technological innovations encouraged and brought about in Emma and Toms are reflected in the following illustration. (JCurve, 2016) The incorporation of Cloud technology in Emma and Toms contributes in effective integration of the different departments and systems for generating wholesome productivity. Further, the use of an effective inventory and accounting system effectively contribute in managing the day-to-day operations of the business institution and in generating needed efficiency(JCurve, 2016). Legal Challenges faced by Emma and Toms Emma and Toms focus on sustaining and enhancing the quality of life for both the internal and external people through abiding by the rules associated with health and safety. The management focuses on the sourcing of quality products from the suppliers and contractors such that the same is used for producing healthy and nourished products. The organisation works on the motto of Look After Yourself where it continually stresses on growth and well being of the people(Emma Tom Foods Pty Ltd, 2016). Marketing Challenges faced by Emma and Toms The marketing activity of Emma and Toms reflect the endeavour of the smoothies brand in positioning itself as a producer of healthy and nourished fruit drinks and other beverages in the Australian market. The company focuses on marketing its brand image through the use of television and radio advertising where advertisements of 30 second durations are generated for attracting the mindset of potential customers. Further, Emma and Toms apart from reaching the products to a larger audience based on the use of exclusive stores also focuses on the enhanced use of stores and other outlets for helping the customers earn greater accessibility(Niesche, 2012). Emma and Toms also focus on social marketing activities where the owners Emma Welsh and Tom Griffith focus largely on donating funds for charitable purposes and even in distribution of free samples of smoothies and juices for different events and occasions. The same contributes in largely socialising the brand image and name of the company in the larger Australian market(Emma and Tom's, 2013). Sources of Capital used during Development The initial product development at Emma and Toms was carried out based on the use of ownership funding provided by the owners Emma Welsh and Tom Griffith by around $500,000. Moreover, the price structure decided by the owners at around $3.50 and well accepted by the different cafeterias and stores further helped the company in earning increased funds in the long run for supporting its further product development activities. Further, the continual growth of turnover and positive cash-flows for Emma and Toms increasingly contributed in funding product development and innovative activities in the organisation(Milman, 2011). Testing and Implementation of the Innovation Emma and Toms continually focuses on testing and implementing new and innovative fruit juices, smoothies and other products that are observed to be 50 percent organic in nature. The company also does not use artificial sweeteners. Rather, Emma and Toms focus on use of Stevia leaf for development of fruit juices. The use of the above ingredients contributes in reducing the amount of calories for every bottle of fruit juice produced by the company(The Big Man's World, 2013). Business Opportunities explored and responded Emma and Toms focuses on exploring new business opportunities in the form of developing an online and wholesale platform for reaching the fruit juice products and smoothies to a wider range of customers at discounted prices. The use of online sales platform rightly helps the customers in easily accessing and viewing a wide range of products before making actual purchases at discounted prices. Chain of Innovations Emma and Toms continually focus on innovating different types of juices, smoothies and other types of beverage drinks from organic raw materials spirulina, ginseng and other types of organic products. The whole fruit drinks and prepared based on pasteurising and freezing of whole fruits so as to retain the flavour and goodness of the fruit. No preservatives, artificial colours and flavours are added to the products(AIME, 2016). Impact of Invention on Success of Emma and Toms The continual focus on product and process innovation at Emma and John is observed to potentially help in fuelling revenue growth of around 30 percent on a year-to-year basis along the periods ranging from 2013 to 2015. The same is reflected in the following illustration. (JCurve, 2016) The year-to-year growth of 30 percent is observed to potentially help the company in developing new products and also in countering the complexities associated with the generation of new product offerings. Further, the zero level lag in the production operations has further helped Emma and Toms in achieving greater efficiency and productivity in its business operations(JCurve, 2016). Influence of Invention on Stakeholders Impact on Employees Innovation and growth in Emma and Toms largely contributed in the personal growth and development of its employees. The company focuses on continually rewarding and encouraging the employees both from the financial and non-financial perspective such that the same enhances their potential in generating greater returns and productivity in the long run. Impact on Business Partners The focus on continuous innovation regarding the development of new fruit drinks and other smoothies is observed to require the company for developing effective partnership with other stakeholders like people involved in producing and sourcing of raw materials and also with the partners involved in bottling, labelling and packaging activities. The continual demand for such quality fruit drinks and beverages produced by Emma and Toms requires increased cooperation and activity on the part of its business partners to continually serve the needs of the organisation(Brett, 2011). Impact on Competitors The closest competitor of Emma and Toms is identified to be Nudie. The company also produces fruit drinks along with coconut water and other veggie drinks with also soda for its consumers(Nudie, n.d.). The company also generates separate drinks for the kid consumers. The above information shows the impact of Emma and Toms in encouraging its competitor to continually innovate and generate new product offerings to its customers. The owners of Emma and Toms however rightly understand that their endeavour to continually innovate and generate new product offerings in the market would enable them to sustain a larger market share in the smoothies market of Australia(National Australia Bank Limited, n.d.). Impact on Community Emma and Toms increasingly focus on generation of large amount of charities relating to the development of community and social activities in the Australian region. Considerable amount of funding is made for supporting various social causes and also focus on the distribution of free samples of juice products and smoothies to the different members of the diverse social communities. Use of organic products in the generation of smoothies and fruit drinks also help in enhancing the quality of life for the people in the society(Emma and Tom's, 2013). Impact on Environment Emma and Toms focuses on the use of organic products for the development of the fruit juice, smoothies and other types of beverages, sparkling waters and bars for the customers. The use of different types of organic products for the production of fruit drinks and beverages reflect the organisations respect to the natural environment. Further, Emma and Toms also focus on the use of recyclable plastics for the production of the bottles to market smoothies and other drinks and beverages. Use of recyclable plastics also increasingly shows Emma and Toms concern for the natural environment. The company claims of producing the bottles from 100 percent recyclable plastics(PackingNews.com, 2013). Impact on Shareholders The increased returns on a year-to-year basis for Emma and Toms from 2013 to 2015 are taken to help in generation of enhanced bonus for the shareholders. Increased returns generated to the shareholders contribute in increasing their loyalty towards the organisation. Comparison of Rating of Entrepreneurship and Innovative thinking In terms of entrepreneurship and innovative thinking, Nudie is observed to surpass Emma and Toms owing to the production of newer products like vegetable drinks, sodas, coconut water and also a segment dedicated for children. The above activity has helped Nudie to create a niche consumer segment pertaining to the children groups. Emma and Toms however have also focused on innovative thinking related to the production of bars and also owing to the development of beverages along with a range of smoothies. The management of Emma and Toms focuses on effectively countering the challenge imposed by Nudie based on personally reaching the juice products to the different stores and other outlets such that the same contributes in developing an effective relationship with the client base(Wilkinson, 2011). Conclusions The analysis reflects that Emma and Toms is an entrepreneurial organisation being established by Emma Welsh and Tom Griffith. Emma and Toms has developed an innovation driven work culture where different types of organic drinks are produced by the business institution that help in potentially competing with other fruit drink and beverage companies operating in the Australian region. The analysis also reflects on the essential endeavours undertaken by Emma and Toms to counter the marketing and legal challenges while also evaluates the impact of the innovative work culture on the stakeholders of the organisation. References AIME, 2016. Emma Tom. [Online] Available at: https://www.aime.com.au/en/Contributors/1382640/Emma-Tom [Accessed 4 July 2016]. Brett, L., 2011. Emma Toms, a juiced up business idea. [Online] Available at: https://www.dynamicbusiness.com.au/small-business-resources/franchising/emma-toms-a-juiced-up-business-idea-292011.html [Accessed 4 July 2016]. Brooks, C., 2013. Innovation: Key to Successful Business. [Online] Available at: https://www.businessnewsdaily.com/5167-innovation.html [Accessed 4 July 2016]. Emma Tom Foods Pty Ltd, 2016. Emma Toms Health and Safety Policy Statement. [Online] Available at: https://www.emmaandtom.com/emma-toms-health-and-safety-policy-statement/ [Accessed 4 July 2016]. Emma and Tom's, 2013. About Us. 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