GMS Contract :: essays research papers

The new GMS contract PCTs ought to consider how network drug specialists can be better connected with to assist general with rehearsing meet the objectives in the GMS quality structure and as an elective supplier of upgraded GMS administrations. Sometimes, the center administrations proposed as a feature of the new drug store agreement will really guarantee GP rehearses satisfy certain quality guidelines. The National Pharmaceutical Association (NPA) asset pack ‘A snappy reference manual for the Quality Indicators in the new GMS contract’ portrays the key quality markers, what administrations network drug store can offer to help GP practices and instances of the distributed proof base. This is accessible in the NPA area of DrugInfoZone at . The new drug store contractThe DH, the NHS Confederation and the Pharmaceutical Services Negotiating Committee (PSNC) are presently arranging another drug store contract which will be executed during 2004 .The proposed structure for t he new drug store contract is as follows:Essential servicesEssential administrations will frame the center of the drug store contract and be given by all drug stores. These administrations include:DispensingFind out morewww.druginfozone.nhs.uk/ - - - - - Page 3 Vision’ contains away from on the future heading of network drug store administration advancement. For instance it expresses that â€Å"Pharmacy is a basic piece of the NHS family. We need to see drug specialists reinforcing their commitment to the arrangement of top notch, persistent focused NHS services.† ‘The Vision’particularly underlines the job for network drug specialists in the general wellbeing plan and medications the executives, and stresses the significance of having a drug specialist on the PEC.‘A Vision for Pharmacy in the new NHS’ is accessible at . Full reactions from the national drug store bodies are accessible at their separate sites atand A synopsis of reactions to ‘The Vision’ is accessible at Proposals to change and modernize the NHS (pharmaceutical administrations) guidelines 1992 The Government is at present creating proposition for changes in the control of section regulations.The key changes that PCTs shou ld know about (inside the current DH interview) are:Secondary enactment may present the ideas of â€Å"consumer decision and competition† inside the meanings of vital and attractive, which are utilized to pass judgment on drug store contract applications.Exemptions for drug stores in shopping advancements of more than 15,000 square meters, those wanting to open 100 hours out of every week and the individuals who are â€Å"part of consortium to grow new one stop centres† might be given. Anyway comparable to exceptions, an exclusion may possibly be given if the drug store will give a â€Å"full and recommended scope of administrations, suitable to neighborhood needs, as dictated by the PCT†.

Tips for Writing an Essay For a Scholarship

Tips for Writing an Essay For a ScholarshipStudents who are aiming to earn a scholarship can utilize a good essay to boost their chances of acceptance. They can be easily employed on the grounds of the writing skills. If you possess the ability to write, you can help others by writing an essay for a scholarship. This is possible if you have a well-thought about the subject and you're able to analyze it.Students who choose to write an essay for a scholarship must ensure that they are very cautious in order to make the best use of the content. The essay must be short and concise. It must also contain the most important information that will let the reader learn something new. This would leave them with the assurance that the information is related to the topic at hand. They must not compromise on this aspect, as there are instances when it is rejected because it does not meet the standards.The essay should also come with an introduction. This is an introduction, which introduces the to pic to the reader. In order to keep the attention of the reader, the introduction should be one that requires more than a few minutes. The first paragraph or even the introductory paragraph could easily be improved upon in order to attract the attention of the reader.One way to strengthen the interest in the readers is to introduce some interesting points to the students. They must make the students focus on the essays instead of focusing on other things. They must start from the basics and present all the information that is needed in a simple and easy manner. In addition, they should leave the readers with the certainty that the information has been presented well.Students who are writing an essay for a scholarship must be able to persuade the readers to learn more about the topic. This is necessary so that they do not need to repeat the information. Once they are convinced that the information has been given, they would be more likely to read further and they would get an idea th at they need to know.Students should also be able to complete the essay before its due date. By doing this, the student will know that the information that he/she has provided is correct. This would greatly improve the chances of the student being accepted on the basis of the essay. They can then proceed and prepare a better paper that would attract the attention of the people.The essay that you are going to write should also be prepared with a purpose. This would be essential so that the students can reach out to the readers. It should be a written essay which covers the topic and can possibly stimulate the interest of the reader. If you are able to create a successful essay, you are one step closer to achieving a scholarship.Students who are interested in writing an essay for a scholarship may have to devote several hours. The essay should cover every aspect of the topic. It should be a complete and well-written essay. Once you have written a great essay, you will have a better ch ance of receiving a scholarship.

Meet Rohini, Indian B-School Student At UCLA Anderson

This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. We hope to offer you a candid picture of student life, and what you should consider as you prepare your MBA application. And now for an interview with Rohini Vaze†¦ Accepted: First, can you tell us a little about yourself? Where are you from? Where and what did you study as an undergrad? Can you share 3 fun facts about yourself? Rohini: Sure! I am from Mumbai in India. I did my undergrad in electrical engineering from Pune and then worked at Tata Motors for three years. It was an amazing job where I got a 360 degree view of the business by working in sales, manufacturing and customer support and could take many initiatives and see them implemented. However, I always felt that I needed to learn frameworks that I could apply in my career, and so I came to business school to gain those skills. I also funded my friend’s startup during my time at Tata Motors and that got me interested in this space. So I am using these two years at business school to gain exposure to start-ups in California. 3 fun facts about me are: 1. I have travelled to 10 countries outside my country of birth. 2. I am a trustee at a non-profit organization in India to help underprivileged children learn English and computers. 3. I have been dancing since the age of five. Accepted:  Where are you in business school? What year? Rohini: I am in my first year of Business School at UCLA Anderson School of Management. Accepted: What is your favorite thing about Anderson so far? And if you could change one thing about the program, what would it be?   Rohini: My favorite thing about Anderson has been the people and the exposure that it has given to me. Many schools are good at a single discipline but not so great at other industries, but Anderson is great for a variety of careers. This gives a lot of exposure to people who have very diverse backgrounds and I am sure it will be very helpful in the future. If I could change one thing, I would change the time at which the school starts. The quarter system makes recruiting harder since all other schools tend to have an advantage of starting a month earlier than Anderson, and thus those students have more time to gain valuable skills that will help them in seeking internships and full time positions. Accepted: Can you tell us about your current internship? What role did UCLA play in helping you secure that position? Rohini: I am currently pursuing a part-time internship at a Venture Capital Firm in Santa Monica and the opportunity came to me through UCLA itself. We have a website through our career center where companies that are in need of interns post about their opportunities. I applied to this internship after seeing the posting on the website and went through a company analysis and interview process before being offered this position. The part-time internship involves doing market research for companies that are being considered for funding through the Venture Capital Firm. What I really like about the internship is that the firm has good deal flow and provides real support to the entrepreneurs that they fund. For the summer, I will be going to Amazon, and the Anderson career center was very helpful in giving me tips for preparation for the same. Moreover, my classmates as well as 2nd year students helped a lot with the preparation for the interviews! Accepted: Which other business schools had you considered attending? How was UCLA the best fit for you? Rohini: I always wanted a business school on the West Coast. I have a heard a lot about the cultural difference between the West and the East Coast schools and knew that I am a West Coast person. The other two criteria I had in mind were that I wanted a school in a city so that I could pursue part-time internships in parallel to school, as well as I wanted a school where there was a high concentration of people going into Hi-Tech. Thus, I had only considered attending UCLA, Berkeley and Stanford. I believe Anderson is a great fit for me since along with the above factors, Anderson has a very diverse crowd. The business school is really good for Finance and Consulting too, and I am confident that this exposure by being in an ‘all-rounder’ school will be very helpful in my career in the future. Accepted: I see that you did fantastic on your GMAT can you share a few tips with our readers? Rohini: Thanks. There are a few things that I think helped me a lot with my GMAT score: †¢ Start with the simplest books and then move on to the harder ones. The simpler books help to re-learn the concepts from high school that most of us have forgotten. I started preparing with Princeton books and then went on to Manhattan and Kaplan. I also advise my friends to study from the official GMAT book the last. The official book tends to have the simpler questions in the 400-600 range and are not the best questions to practice when you are aiming for a great GMAT score. However, being able to easily solve these questions in the last couple of days when you need something to reduce your anxiousness is the best way to use the Official GMAT book. †¢ Check your mistakes to find patterns that will help you to focus your further preparation on a particular topic that is common for GMAT exams. †¢ Spend adequate time on the first 10 questions. I took the older format GMAT where the first 10 questions can really make or break your final score. Thus checking for silly mistakes in reading the question or a calculation error in not calculating answers till the end helps in getting a good score. †¢ Most importantly, practice a LOT! This is probably the most important tip since one of my biggest hurdles with GMAT was managing to concentrate for the whole 4 hours. During practice exams, I observed that I would make a lot of silly mistakes in the last hour and get lower scores. Thus, I made it a point to get used to the long hours and took one practice exam every three days. I believe this can really make the difference between a 700 and a 750 score. Accepted: Do you have any other advice for our b-school applicants?   Rohini: Start the application early and enjoy the process! Hopefully, there will be many things that you will learn about yourself through the application process. Also, focus on a few schools that you really want to get into and gather as much information about the school from as many sources as possible – you might have the best application but you won’t get any admit unless you can articulate â€Å"why this school† well. For one-on-one guidance on your b-school applications, please see our MBA Application Packages. To read more a bout Rohini, you can check out her blog at Rohinis Blog. Thank you Rohini for sharing your story with us we wish you much success!   Related Resources: †¢Ã‚  UCLA Anderson Zone Page †¢Ã‚  MBA Admissions for Indian Applicants †¢Ã‚  Podcast: UCLA Anderson and Entrepreneurship

Sexual, Sexuality, And Sexuality - 2305 Words

As mentioned earlier, when a child is born, they are born with a sexual aim. That sexual aim is considered to be autoerotic and expresses itself in an infantile manner. This infantile sexuality, or autoerotic sexuality, is a masturbatory expression of sexuality. The child gets pleasure for themselves from themselves. This sexual aim is unconscious. The child doesn’t know why what they are doing feels pleasurable, but it instinctively brings them some form of pleasure, so they find comfort in it. This pleasure is the libido’s substitution for the normal genital release that isn’t yet organically or physiologically possible in the child. It is a passive pleasure where the child finds stimulation of the oral erotogenic zone by incorporating the object into itself. Freud says â€Å"the child does not make use of an extraneous body for his sucking, but prefers a part of his own skin because it is more convenient, because it makes him independent of the external world , which he is not yet able to control† (Three Essays 48). This pleasure presents itself in two forms. The first is â€Å"by a peculiar feelings of tension†¦character of unpleasure† and the second â€Å"consists in replacing the projected sensation of stimulation in the erotogenic zone by an external stimulus which removes that sensation by producing a feeling of satisfaction† (Three Essays 50). It is in this way that pleasure and unpleasure can both extinguish partially the normal sexual aim of the libido. The oral stage beginsShow MoreRelatedSexuality, Sexuality And Sexual Orientation1111 Words   |  5 PagesDate: 5/5/15 Human Sexuality Sexuality is something that seems to dominate a lot of the world we live in. It’s in our schools, at work, and especially in the mass media. The way your body develops and the way you feel and respond to others sexually creates your sexuality (â€Å"Sexuality and Sexual Orientation†, Youthoria). It can shape and affect people’s lives as well as our own. Sexuality can be influenced by culture, religion, media, friends and experiences. Some people are very sexual, while others experienceRead MoreSexuality : Human Sexuality, Sexual Orientation And Sexual Behavior1193 Words   |  5 Pages HUMAN SEXUALITY ReNata Shaw APUS: Human Sexuality Assignment 2 Resubmit Dr. Foster November 29, 2015 Human Sexuality Introduction Sexuality encompasses aspects in a person’s life that involves sex and gender identity, sexual orientation and sexual behavior. It encompasses the physical, social and psychological aspects of a person’s sexual behavior. It underpins what an individual is, affects the individual’s life wholesomely and is unique to each and every individualRead MoreSexual Sexuality And Sexual Practices933 Words   |  4 PagesSexual Normalcy Sexuality and sexual practices play a crucial part in how one defines oneself. The moral struggle between sinful or normal has a dramatic effect on how one views themselves, and one is perceived. When we can gain knowledge of how people process their own attitudes towards sexuality we can learn more about how humans tick. RUBIN’S RESEARCH Rubin’s prior research on the normality of certain sexual practices were the basis of this study. Rubin developed a sexual hierarchy where atRead MoreSex, Sexual, And Sexual Sexuality Essay1852 Words   |  8 PagesDesires Our society has socially excepted explicit language as well as sexual undertones as a way of introducing sex and pornography to our young people and mature adults alike.There are hidden secret sexual desires simply because we are taught that if our sexual thoughts or desires are different from others we are strange. Women were taught that they are damaged if they are to engage in watching pornography or engage in altered sexual desires that are outside of the vanilla spectrum. According to ConcepcionRead MoreSexual Exploration And Sexual Sexuality887 Words   |  4 Pagesengage in sexual exploration is a highly personal one, therefore, there is no ideal age to begin. In fact, for some people, sex may not be necessary for fulfilment. However, for both physical and mental health reasons, people should abstain from sexual exploration until after they reach sexual maturity. Although it is hard to define, I would suggest that for girls, this be measured by the onset of menarche, and for men, by testicular descent. Another matter to consider is: what constitutes sexual explorationRead MoreSexual Orientation, Gender, And Sexuality2049 Words   |  9 Pagesexpressions sexual orientation and sex are frequently utilized conversely, the two words have altogether distinctive definitions. One could contend that sex alludes to organic essentialism and the thought that we are who we are a result of our hereditary material. Then again, sex is connected with the social constructionist hypothesis, which contends that the way we are is reliant on our race, class, and sexuality. Since every individual is distinctive in their race, class, and sexuality, their sexRead MoreSexuality Is Defined By Sexual Orientation1538 Words   |  7 PagesSexuality is defined by â€Å"sexual orientation or preference† as well as the ability to understand the capacity of sexual desires. Same sex sexuality refers to sexual orientation also, but one’s preference towards someone of th eir same gender and the â€Å"erotic thoughts, feelings and behaviours† they assign to those of the same sex. Culturally, same sex sexuality is not always based on sexual ideals, acts that could be defined as being homosexual and appealing to those with same sex sexuality, oftenRead MoreSexuality : Teaching Sexual Orientation1844 Words   |  8 PagesSexuality has become a touchy subject due to the major increase in gays, lesbians, and transgender. The considerable amount of young students who are claiming these titles are an even more sensitive subject which has grasped society. When it comes to the youth of the nation every one becomes concerns. The way students are being taught is already in question, it brings more concern to society when people want students to start learning about sexuality in schools as well. I will review four main issuesRead MoreSex, Sexuality, And Sexual Health942 Words   |  4 PagesMany educators feel anxious or hesitant in address the topics of sex, sexuality, and sexual health especially in developing country. They may feel confused about what to teach and when to teach it. Many countries are now starting to teach the younger generation about sexual health. Although, North America and Europe have sexual education in their school; many developing countries lack sexual education which leads to high rate of teen pregnancy, sexually transmitted infections (STIs) and HIV. SomeRead MoreHuman Sexuality And Sexual Orientation1544 Words   |  7 Pagesand controversy as sexual orientation. In cultures and societies today, as well as in the past, there is usually an emphasis on a specific orientation as a norm, and typically heterosexuality is perceived as such. This in turn generates a wide range of reaction to homosexuality, from its being seen as â€Å"unnatural† in moral terms, to ideas of it as threatening the stability of a culture. In recent years, however, new perspectives are emerging which strongly support t hat sexual orientation is by no

A Brief Note On Copyright And Remix Culture - 1777 Words

How to Not Follow Copyright Law: An Exploratory Essay on Copyright and Remix Culture As time goes by, the rate at which art changes increases at a seemly exponential rate. Our culture has more ways than ever to publish and distribute the things we make, and with the rise of the internet we can reach any audience with a Wi-Fi connection. This digital hyper-connectivity has led many artists to create new forms of art, some of which have gone on to start trends and cultures. One of these cultures that has become a significant part of online media is Remix Culture. The idea of taking someone else’s art and making it your own is embraced and cherished by some, and detested by others. As this genre of media has grown over the years, the line between what is and isn’t a remix has drastically blurred. Some will spend hours upon hours making a song sound completely different from its original counterpart, while others will simply chop it up and call it their own. Though laws were once effective when dealing with copyright infringement, the rate art has grown has significantly surpassed the rate at which these laws have changed. People are beginning to monetize their remixes in various ways, creating much controversy surrounding who should be getting paid, or if anyone should get paid at all. As artists, it is important to know what these laws are exactly, so we can either abide by them or find our own workarounds. As soon as a work is created in a tangible, fixed form, it is

Threats Independence and Possible Remedies

Question: Discuss about the Threats Independence and Possible Remedies. Answer: Introduction The company is require from the auditor to promote the business of the company in the seminar where number of investors comes and if the auditor promotes the business, the company will get more investment from the different persons coming in the seminar. The company Chief of the management CEO also states that if the auditor thinks of denying this act, there may be high chances that the company will not continue with the same auditor in next year. This situation creates the financial insecurity in the auditor minds and threats of intimidation have been created in this situation by the executives of the company. This threat shows that undue influential power has been creating on the auditor acts by management of the company which can spoil the objectivity of the auditor. The assessment of the threat can do with altitude of objectivity drop by the auditor in performance of the promotional activity (Edwin, 2015). The company is planning to give free holiday package of 14 days for the auditor and four members of the family of the auditor. The holiday package also includes the ticketing, food, accommodation expenses of the auditor and family members. The company has given this advantage to the auditor in consideration of smooth audit for the year 2015 without any extra queries from the auditor. The company wants to create the threat of Self Interest in this particular case as the auditor may feel of ignoring the certain key matters in making favor to the management of the company for giving free gift voucher to the auditor. The risk in this case can be estimated by the intensity of the self interest created in the minds of auditor for returning favor to the management of the LTH Company (Barizah, 2016). Personal Relation of Auditor The auditor Michael has personally related with the Chief Finance Controller of the LTH Company. The father of the audit team manner is the main person in the finance function of the company and wholly responsible for the preparation and presentation of the financial statements of the LTH Company. There is threat of Familiarity has been identified in this case. The auditor or the management officer can take advantage of this relationship by hiding some key financial matters in audit report or in the financial statements. The risk can be apprised by the intensity of the integrity lost by the auditor along with professional due care not followed by auditor (UK, 2013). The accounting and consultancy team member of the audit firm has been appointed as assurance team member to do the audit of the same client LTH. The member also informed that she has very good relationship with the employees of the company and she is very happy to go again in the company. The accounting and tax entries has been done by her before one month. There is threat of Self Review present in this situation where the audit has to assess her own work by doing audit of her work. The auditor may not done the detailed testing of the work done by her as she has the impression that work done was done by her is fully correct and she does not require to recheck the same. The threat can be appraised in this situation with altitude of the services done by the same person for audit and accounting and also the intensity of not following the professional due care at the time audit by audit staff (Parker, 2015). Shelter for Auditor from Recognized Threates Corporation Act, 2001 and Australian Auditing Standards suggest the shelter measures which an auditor should apply to prevent his independence while doing reporting about the company. The auditor has following protective measures to cover the threats and reduces their impact on the reporting: Protection as per Engagement Letter- The engagement letter of the auditor which contains the terms and conditions and responsibilities of the auditor and management helps the auditor to safeguard him from the threats which can spoil independence. These includes: Detailed bifurcation of scope of work in relation to the audit and non audit services helps the auditor to appoint different personnel for doing these two services. The full disclosures of the fees and terms of the engagement creating a satisfaction in the minds of the auditor about the financial security making him to do work more professionally with full professional competence and due care. Disclosure of interest in the company or relations with officers of the company in the engagement letter makes the auditor free from the liability for damages and with free mind auditor can do audit. Protection as Auditing Standards and Laws The different auditing standards and acts and statutes provides the auditor, the measures to prevent integrity and objectivity of the auditor. These includes: Peer review of the work of the auditor to be done after certain intervals to assess any deficiency is there in the audit procedures so that in future risk can be avoided The work should be done by using the professional skepticism as laid in the ethical auditing principles Complaint forums for auditor if the client is making undue influence on the auditor for not reporting certain things. Introduction of ASA 701, where the auditor has power to save himself by reporting any suspicious matter as key audit matter in his report (Livine, 2015). Risks In Business Risks has been defined as the potentiality or probability of having the happening of an uncertain event which can either lead to the massive losses or may either lead to profits. Because of the presences of this definition the risk has been defined as an integral and the inherent part of every business. It may be either manufacturing business or trading business or even the business of providing consultancy business. Therefore, every business men before undertaking any business shall consider the type of risks associated with the business. In the given situation the Company Mining Supplies limited have been purchasing from the overseas suppliers United States of America, United Kingdom and China since the formation of the company and many risks have been faced by the company since then but still have been working but from the auditor point of view following are the major business risks on which the company shall rethink and develop the corrective measures and procedures: Foreign Currency Exposure The Company has been purchasing from the overseas suppliers from United States of America, United Kingdom and China. In case of all the three suppliers the company has been facing the major risk of currency exposure. It is because of the fact that the exchange rate keep on fluctuating on the daily basis and sometimes it goes on such higher level which can even erode the profit margins of the company (Imrie, 2011). In the global financial crisis starting from the year 2009, many businesses have come down to closure of their companies only because of the fact of fluctuations in the currency exchange rate. Lack of Warranty to the Customers The Company has been selling the goods to the consumers on the premise that there will be two year warranty for any spare parts of the equipment but has not provided the warranty for the main equipment which is being sold to the customers (EY, 2016). It is because of the fact that the company itself is not receiving the same from the suppliers located at United States of America, United Kingdom and China. Due to this the company may face the situation of the severe loss of customers and reputation in the market and in case in order to retain the customers the company may provide for immediate replacement of the equipment in case any manufacturing defect comes and thus leading to losses to the company. Thus, the above two business risks shall be considered by the auditor while making or drafting the audit for the financial year ending 2015. Following two audit risks has been defined for each business risk identified: Control Risk This risk has been defined in the first part of foreign currency exposure. It will remain in the system of the company because of the fact that the foreign currency exposure cannot be minimized because of the fact that the company has been purchasing from the suppliers located at the different parts of the world. The same shall be considered by the auditor in planning the audit and shall prepare the audit accordingly. Secondly, the hedging procedures shall be checked as the part of audit of any done by the company. The account balances that have been affected by this kind of risk is foreign exchange fluctuation account, suppliers account and purchase account. (Long, 2015). Inherent Risk - This has been identified in the second part of the business risks which details with the lack of warranty for the main equipment. The company shall provide the warranty to the customers otherwise the business will get closed as the customers will lose faith in the company. It has been referred to as the inherent risk because of the fact that the said default is inherent in the nature of business and it cannot be mitigated. The account balances that may be affected by these risks are provision for warranty, Warranty cost and replacement cost and the value of closing stock as on date. (Becker, 2015) References Barizah N, (2016), Threats to Auditor Independence, available at https://www.academia.edu/260449/Threats_to_Auditor_Independence accessed on27/04/2017. Edwin M, (2015), Analysis of Threats to Auditor Independence and Available Safeguards against those threats, available at https://www.academia.edu/9406967/THREATS_TO_AUDITORS_INDEPENDENCE accessed on 26/04/2017 Livine G, (2015), Threats to Auditor Independence and Possible Remedies, available on https://www.financepractitioner.com/auditing-best-practice/threats-to-auditor-independence-and-possible-remedies?full accessed on 27/04/2017. Parker A, (2015), 6 Key Threat to Auditor Independence, available on https://www.intheblack.com/articles/2015/01/06/6-key-threats-to-auditor-independence accessed on 27/04/2017. UK Essays, (2013), Threat To Auditor Independence Accounting Essay. Available at https://www.uniassignment.com/essay-samples/accounting/threat-to-auditor-independence-accounting-essay.php?cref=1 Accessed on 26/04/2017 Becker E, (2015), Audit Risk vs. Business Risk, available at https://www.osyb.com/blog/small-business/audit-risk-vs-business-risk/ accessed on 21/05/2017 EY, (2016), Top 10 Business Risks, available at https://www.ey.com/Publication/vwLUAssets/EY-business-risks-in-mining-and-metals-2016-2017/%24FILE/EY-business-risks-in-mining-and-metals-2016-2017.pdf accessed on 21/05/2017 Imrie B, (2011), Business Risks facing the Mining Industry, available at https://www.in.kpmg.com/SecureData/ACI/Files/Top_20_Risks_the_Mining_Industry.pdf accessed at 21/05/2017

Sydney symphony orchestra Essay Example

Sydney symphony orchestra Essay Through segmenting the Coos general environment framework, and conducting an environmental analysis outlining Porters five forces model of competition an educated prediction Is concluded. The general environment Is a collection of dimensions influencing an industry and the firms within it (Hanson et al, 2014 p. 38). These dimension are made up of the Demographic, Economic, Political, Socio-cultural, Technological and Global, all of which heavily impact the SO. The political dimension of the SO is strongly correlated with the large amount of support by the government through heavy funding. The economic environment of SO Is positive, having Hanson et al. 2014 p. 421). Apart from government funding, 65% of the revenue earned by the SO was generated through profits. The Socio-cultural and demographic dimensions on the other hand, are inevitably linked with the location of Sydney and its unique features. Sydney is often regarded as one of the most livable cities in the world possessing a large population of 4. 5 million. The residents are economically well off, enjoying a high per capita Income with a large middle class who are able to afford expensive Inner city housing. A ticket to a SO concert Is ricer between $50 and $71, and is considered affordable for many. Technology another segment of the general environment, has heavily impacted the profitability of music with websites such as Youth and Pirate Bay offering free music on demand. Thus, reducing the incentive for people to pay for live concerts, as recorded music is free and readily available. However, technology has opened up new mediums in which the SO can utilities to reach larger audiences. We will write a custom essay sample on Sydney symphony orchestra specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Sydney symphony orchestra specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Sydney symphony orchestra specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Porters five forces model of competition provides additional Insight Into the music Industry, contributing to the verbal understanding of the future prospects for the SO. This model allows long- term profitability of any industry to be understood through the diagnostics of five forces (Porter, 1 998, p. 14). Firstly, new entrants pose threats to existing market share, therefore product differentiation is a vital tool, which evidently is utilized by the SO as they only employ the very best first-rate musicians. In the music Industry, it Is important to also consider substitute products such as live pop and rock concerts, existing to music at home, online music videos, and many other forms of replacement, which may be a cheaper option to attending the orchestra. Additionally, the power of suppliers also affects the music industry as an increase in costs such as venue and instruments may reduce profitability. Another key factor is the degree of rivalry among firms. In this industry, it is the rivalry between the SO and other et al. (201 1), intense rivalries are common when an industry has many companies. As there are numerous chamber groups in Sydney that supply the same type of music s the SO, it can be argued that the intensity of rivalry strong within this industry. Buyers in the music industry can easily access different types of live music without incurring high switching costs. On the contrary, the SO are renowned for their quality and the unique experience provided is not considered easily substitutable. When analyzing the general environment and the industry surrounding the SO a strong survival in the future is expected. This is evidently portrayed, through a strong general environment, particularly, a sturdy economic position. However, technological advancements pose a threat to the music industry as a whole, potentially having a negative impact on the profitability of the SO in the future. However, technological development may provide opportunities the SO can utilities. When exploring Porters five forces model of competition, a competitive industry sector is elucidated. This is as a result of the numerous chamber orchestras and other live performers in Sydney. Also, it is clear, the bargaining power of buyers is relatively strong.