Parenthood Should Not Be Used For Fund Planned Parenthood

Planned Parenthood provides services to approximately 2.7 million people a year. Planned Parenthood also receives an estimated $500 million of federal funding. Not only do they receive federal funding, they also received about $250 million from other sources and raised approximately $50 million in fees from their services. Tax dollars should not be used to fund Planned Parenthood because there is a lot of controversy about the services that Planned Parenthood provides, many do not agree with certain decisions Planned Parenthood makes, and there’s a lot of debate about what Planned Parenthood spends their money on. There has been plenty of talk about how much of the services Planned Parenthood really provides. According to Planned Parenthood, the organization only provides 3% of abortions to the 2.7 million women they service a year. (3) However, the Susan B. Anthony List states that the organization provides 94% of abortions. (1) Both of these statistics can be misleading thou gh. The Washington Post states, â€Å"SBA List, which opposes abortion rights, arrives at its 94% figure by comparing abortions to two other categories of services that are provided to pregnant patients – or ‘pregnancy services’† (Ye Hee Lee 1). In other words, the SBA List does not account for the other services like, STD testing, adoption services, and contraception, that Planned Parenthood provides. The Washington Post also notes, â€Å"The 3% figure that Planned Parenthood uses is misleading, comparingShow MoreRelatedParenthood, A Non Profit Healthcare Group1574 Words   |  7 PagesThe History of Planned Parenthood and the Constitutional Right to Abortions Planned Parenthood, a non-profit healthcare group has been under fire with the public hoping to defund the clinics. Planned Parenthood is a health care provider that was funded 100 years ago. In 1916 a Birth control organization was created by Margaret Sanger . When it was first created, it didn’t consider the health or rights of women as a motive. Instead it was founded in order to stop child labor and infant mortality (PrimroseRead MoreParenthood Is A Health Care Provider1730 Words   |  7 PagesPlanned Parenthood is a health care provider that focuses on supplying women and men of all ages and backgrounds with health care and sex education. This includes, but is not limited to, contraception, testing and treatment for sexually transmitted diseases, screenings for cancers, sexual education courses, and, most notably, abortions. Planned Parenthood finds itself at the center of much controversy specifically for its role in terminating pregnancies, as well as providing studen ts with sex educationRead MoreAbortion : A Controversial Debate1305 Words   |  6 Pagescontroversial topic for not only the American people, but the congress as well. Republicans argue their views on why the American people should not be forced to pay taxes that will directly go to abortions procedures, and Democrats continue to rebut. This controversial debate revolves directly around Planned Parenthood. GOP continues to push the ban on federal funds allotted to this particular organization, due to its involvement in abortions and alleged tissue and stem cell sales. But how is tax payer’sRead MoreA Social Problem That Is Currently Occurring Is Rather1748 Words   |  7 Pagesoccurring is rather federal funding should continue to keep Planned Parenthood open. Donald Trump has recently joined other Republicans in their vow to end federal funding for Planned Parenthood, solely based on the idea that Planned Parenthood health care services provide for patients to receive an abortion. The percentage of abortions that Planned Parenthood actually does are less than 3% (Planned Parenthood Statistics). Taking funds away from Planned Parenthood creates a problem not only in AmericaRead MoreParenthood : A Non Profit Organization That Does A World Of Good?966 Words   |  4 Pagesorganization that does a world of good? I most certainly don’t. Planned Parenthood protects, supports, and educates our society greatly from the services they provide. This essay will provide evidence and reasoning that prove that Planned Parenthood is a beneficial necessity for society, proving that it would be a horrific mistake if Congress chose to defund Planned Parenthood. First things first, it is important to know that Planned Parenthood mainly provides contraception to those whose cannot affordRead MoreParenthood : A Middle Ground1483 Words   |  6 Pagescervical cancer no matter if they perform abortions. This has been reversed by President Trump. Trump has signed legislation to cut federal funding to Planned Parenthood and other groups that perform abortion. This was a move defended by conservatives that have demanded to impose curbs on reproductive rights. â€Å"Trump has showed ambivalence about planned parenthood, voicing support for its health- related services other than abortion, and his daughter Ivanka has urged him to tread carefully on the issue, concernedRead MorePlanned Parenthood1299 Words   |  6 PagesPlanned Parenthood Planned Parenthood federation of America (PPFA), better known as Planned Parenthood, is a non-profit organization that provides healthcare and family planning services. Planned Parenthood is the nations leading sexual and reproductive health care provider and advocate (Planned). Planned Parenthood receives federal funding to help practice the services they provide, but some groups believe that funding this organization is morally wrong. Critics of Planned Parenthood say theRead MoreThe Importance Of Planned Parenthood1459 Words   |  6 Pagescountry, they turn to Planned Parenthood who not only deals with pregnancy but also is resource in birth control, informative about sexual health but STD testing, screenings (â€Å"Sexual Health Topic†). April 14th of 2017, President Trump has signed a law targeting to defund Planned parenthood ( Davis, Julie Hirschfeld). Planned Parenthood should be continued to be funded by the government as giving the safest service for a citizens sex ual health is critical. Planned Parenthood can provide care towardsRead MoreParenthood Is Affordable, The United States Department Of Health, Education, And Welfare1025 Words   |  5 PagesMany men and women in America don’t have insurance or simply cannot afford health care. Planned Parenthood does have professional doctors who specialized in many reproductive health services. Planned Parenthood is affordable, the program takes a patient whether they have insurance or not, not only that, they charge you by how much income you make. Low income Americans have access to these services too. â€Å"The United States Department of Health, Education and Welfare, for example, created a federalRead MoreThe Debate Over Birth Control1251 Words   |  6 Pageswhether or not contraception should be easily accessible. This topic has been discussed since the early 1900’s, and is showing no signs of being solved anytime soon. Currently, the argument surrounding birth control is wh ether or not the government should be providing it at little to no cost for those who cannot afford it. It is hard to argue that spreading education and information about contraceptives isn’t important, however people can argue about placing government funds behind it until they’re blue

Why Do We Need a Criminal Justice System - 1140 Words

Introduction It is not always clear why a criminal justice system is needed or indeed what it contributes to the functioning of a society. In the discussion that will follow, it will be argued that there are essentially four reasons why we do need to have a criminal justice system. First, it upholds the freedoms of individuals and maintenance of public order. Second, a criminal justice system instils fear in people and thus deterring illegal activities. Third, a good justice system provides rehabilitation and reform to criminals. Fourth, it educates society on processes conducted at every level of law and order, therefore ensuring that all stages of the criminal justice system connect with each other without fear or favour. It will be†¦show more content†¦However, it has been demonstrated that incarceration of prisoners solely does not rehabilitate or reform them and indeed may have unintended consequences to the contrary (Haney, 2008). The fourth argument in favour of the c riminal justice system is that it strives to facilitate a better understanding, for citizens, on how decisions are made at each stage while an investigation into a crime and trial proceedings are in progress. It is important that citizens understand the criminal law and order process so they can contribute effectively as witnesses and victims of crime which is fundamental to decisions made about prosecutorial screening and police investigation into a crime (Daly, K. et al, 2006). It is also found that it is crucial that the processes that make up the criminal justice system are followed, to eliminate the likelihood of serious distortions in a criminal case. For instance, although matters concerning sentencing, criminal law and procedures are separate to each other, it becomes important for the citizen to identify them and their functions so essential values in each of these areas are well known and therefore held accountable by society (Smith Natalier, 2005, p.45). This knowledge will facilitate society to ascertain if each department is allowed to operate independently but in line with the laid down policies, hence the law being applied amicably (Bryett et al,Show MoreRelatedWhy Do We as a Society Need a Criminal Justice System?1179 Words   |  5 PagesWHY DO WE AS A SOCIETY NEED A CRIMINAL JUSTICE SYSTEM? Introduction The criminal justice system is comprised of a basic formation, the law enforcement agencies, the courts, and the correctional services. This system has existed since ancient times and although the three facilities haven’t completely been replaced over the centuries, there has been a lot of change and amendment to how the system is used to investigate, deter, and keep order and control in today’s society. It is a fundamental partRead MoreWhy Do We as a Society Need a Criminal Justice System Essay1216 Words   |  5 PagesWhy do we (as a society) need a criminal justice system? Introduction As a society there is need for a criminal justice system, as it is essential to have laws throughout the population. We have these laws so people cannot use money or power to benefit themselves. The laws also establish that each person should understand their and everyone else’s rights and obligations within the community. The criminal justice system, is a system of laws and rulings which protect community membersRead MoreSocietal Trends That Impact the Criminal Justice System948 Words   |  4 PagesSOCIETAL TRENDS THAT IMPACT THE CRIMINAL JUSTICE SYSTEM Suzie A. Anderson Everest University Online CCJ 1017-52 Criminology Jamie Onion April 8, 2012 Utilizing everything you have learned about crime and criminal behavior this term, you will now have the opportunity to think about the future of our society and how the criminal justice system should prepare. Identify and discuss the societal trends that will impact the criminal justice system over the next ten years. The societal trendsRead MoreThe Concepts Of A New Criminal Justice System1695 Words   |  7 Pagesexamine the concepts of a new criminal justice. It will also discuss why the concept requires the involvement of the entire community and why it may be difficult to implement. There will also be information on programs that promote safe neighborhoods and why communities may like and dislike these different programs. A new criminal justice is a theory that has been talked about for plenty of years now. In many cases this theory is to improve the criminal justice system and make it better for not onlyRead MoreThe Criminal Justice System Is A Big Part Of Why We Have Order1205 Words   |  5 PagesThe criminal justice system is a big part of why we have order. If there was no criminal justice system and its components that keep it running, the population would run wild. There are three major components of the criminal justice system, the criminal courts, corrections, and law enforcement. These components help uphold the law and protect people from others who do break the law. The world is not perfect, but there have been many examples in real life and in literature and films that show whatRead MoreCrime in the United States1052 Words   |  5 Pagesthe entire world by far. For most of my life I have always believed that the American justice system worked. When people do wrong they need to be pun ished and pay for their crimes. That is what our justice system is here for so how could is possibly go wrong? Unfortunetly it is not as simple as it sounds and all it takes is a little research to discover why. Before researching the U.S. criminal justice system, I would never have considered the fact that the U.S. has the worst prison populationRead MoreIs Canadas Youth Justice System Fair and Equitable1259 Words   |  6 PagesThe Youth Justice System deals with 12-17 year olds in trouble with the law. It uses a rehabilitative method to deal with youth. It makes sure the youth are provided with meaningful consequences for their actions and then reintegrates them back into society. The Youth Justice System brings up a lot of question and the main one is: Is Canada’s Youth Justice System fair and equitable? A lot of people argue that it is too lenient while others say it is a great method for dealing with youth. The YouthRead MoreThe Criminal Justice System1305 Words   |  6 PagesThroughout this course, I have learned about the many segments of the criminal justice system. The criminal justice system is made up of three main elements which process a case from initiation, through trial, to punishment. First a case starts with law enforcement officials, who investigate crime and gather evidence to identify and use against the assumed suspect. The case then proceeds to the court system, which evaluates the evidence to decide if the defendant is guilty or innocent. If the defendantRead MoreMulticulturalism And A Multicultural Society1012 Words   |  5 Pagesand multiculturalism is more prevalent in the justice system than anything else in society today. According to the ABA the African-America race faces an incarceration rate that is six times that of whites. As a criminal justice professional we must be aware of social issues. There are two reason why social awareness is important, the first is when a group of people is alienated from a system because of disparities, that groups distrust with the system will grow. The ABA has linked systemic racialRead MorePortugal s Criminal Justice System1440 Words   |  6 PagesPortugal criminal justice system, it showed similarities and differences with the United States criminal justice system. For example, these two nations have some of the same problems, however Portugal has abolished the death penalty. When I looked into the strengths and weakness of law enforcement, criminal procedures, courts, sentencing, and corrections I believe that the United States has a better form in handling these matters. So far there isn t a perfect system to manage the justice system, but

Workplace Injuries And Fatalities In The Uk Industry Construction Essay Free Essays

string(147) " major and over three twenty-four hours rates of 16 % and 37 % severally, since 2000/01 and 49 % in the LFS rates of hurt from 2000/01 to 2008/09\." Hazard is an of import factor which must see before get downing any sort of work either it is in any administration, place or related to any building, consideration of hazard is an of import portion of work, In this study all the parts are covered sing hazards consideration, analysis of hazard and so how to safe our work topographic point from these accidents, hurts and human deaths. There are different degree of hazards some are low degree hazard, which are less unsafe than other, but we besides start consideration from really low degree hazard to high degree hazard, from these consideration we are able to safe our full work topographic point with quiet efficient manner. This reports covers statistical tendencies of last five old ages for hurts and human deaths, prosecutions for failures to put on the line appraisals, it besides covers the benefits of hazard appraisal either it is effectual or non. We will write a custom essay sample on Workplace Injuries And Fatalities In The Uk Industry Construction Essay or any similar topic only for you Order Now It describes the linkage between the hazard appraisal and safety betterments. After completion of this study we are able to implement proper and accurate hazard appraisal in administration, which help us to cut down the hazard and better the overall efficiency of the industry. Injuries and human deaths are recorded daily in every sector of work. In the concern and corporate sector wellness and safety safeguard are implement for bar of accidents in the industries, nevertheless at some certain state of affairs they are fail to safe the employers which are working. These guidelines put under enormous strain to the employers. Such as enforcement of jurisprudence, direction of fire, building, public-service corporations, excavation, Injuries related in transit occupation, retail and nutrient service are non minimized. There are figure of hurts which may be go on during work, such as cut, break, sprain, amputation or other hurt that consequences an accident in work or exposure in the work environment, harmonizing to the council of national safety. Injuries at workplace should be reported harmonizing to the process of employer ‘s wellness and safety to enter the accident and to guarantee there is no hold in the first assistance or medicine attending. If there is fail to make so may ensue compensations publish provide to employers. Statisticss and Tendencies in UK Workplace Injuries and Fatalities These statistics cover which are related to work human deaths that are reportable under the Reporting of Injuries, Diseases A ; Dangerous Occurrences Regulations 1995 ( RIDDOR ) , and are updated on a quarterly footing. A effect of supplying item that is updated as possible, there are many of instances are still in the probe. Therefore on the footing of probationary these statistics are available but it may be demand of alteration for more accurate information releases. In these statistics as they are reported under the some statute law, but some deceases are non included in this statute law. Some deceases are excluded from these statistics as they are reportable under other statute law. The chief exclusions are as follows: Accidents involved during the traveling of workers on main roads. Such as a route accident, accidents which are occurred during the worker traveling by air or ships in sea, are non covered by this statute law, these incidents are the duty of ACI subdivision and MAI subdivision, and cover harmonizing to their regulations. Fatal hurts at work due to ‘natural causes ‘ , normally bosom onslaughts or shots, unless brought on by injury due to the accident. Main industry Agricult-ure Extractive A ; public-service corporation supply Manufacturing Construction Servicess All Industries Employees 17 06 22 29 35 109 Self employed 21 – 02 12 07 42 Workers* 38 06 24 41 42 151 Members of the populace 07 01 – 04 381 393 Entire human deaths 45 07 24 45 423 544 2.2.1. Numbers of fatal hurts Table 1: fatal hurts Numbers by Sector for 2009/10 This tabular array demo the information on the fatal hurts for last twelvemonth 01 April 2009 to 31 March 2010. 2.2.2. Regional dislocation This tabular array incorporate the information of dislocation of the fatal hurts to worker regional wise. Government Office Region ( GOR ) All Industries South West 18 South East 14 London 11 East 8 East Midlands 13 West Midlands 10 Yorkshire 22 North West 19 North East 3 Cymrus 7 Scotland 23 Not known 3 Entire 151 Table 2 – Numbers of fatal hurts to workers broken down by Government Office Region 2009/10 2.2.3. Injuries and Fatalities related to work in fabrication industries There are figure of accidents occurred in the fabrication industries, due to lake of staff and avoiding of safety regulations which used in industries for the safety of workers, In Britain work force, there are 9 % of fabrication histories but hurts reported 16 % , human deaths reported 21 % , major 15 % , 16 % is the norm of over three twenty-four hours inquires ) . Harmonizing to the study of LFS, 13 % hurts occurred are non fatal hurts in fabricating industries in 2008-2009. This is mean of last three old ages. There are besides reported hurts that involved contact with the machinery is about 160 instances in last twelvemonth, 24 % in the fabrication industries affecting detonations, 21 % , hit by traveling points, falling material, or fire and 19 % injured with the harmful things. Within Manufacturing, the bomber group recycling has a rate of reported major hurt over five times the rate for Manufacturing as a whole, while Wood A ; Wood Products has about twice the rate ; each histories for about 4-5 % of reported major hurts in fabrication. In the nutrient Merchandises, drinks and Fabricated Metal Products have major incidents rates of 1.5 times that for all Manufacturing, but together history for 39 % of reported major hurts. The rate of fatal hurts has fallen since 1981 by over 57 % and by 15 % since 2000-2001, but this still means that 400 workers suffer hurts between 2000 and 20009-2010- 2096 since 1981. There have been similar decreases in major and over three twenty-four hours rates of 16 % and 37 % severally, since 2000/01 and 49 % in the LFS rates of hurt from 2000/01 to 2008/09. You read "Workplace Injuries And Fatalities In The Uk Industry Construction Essay" in category "Essay examples"The estimated prevalence rate of self-reported work-related ailment wellness in 2009/10 was between 3A 000 per 100A 000 people ( 3.0 % ) working in the last 12 months, harmonizing to the Labour Force Survey ( LFS ) . The incidence rate of reportable non-fatal hurt was 970 per 100A 000 workers ( 0.97 % ) in 2008/09 ( three-year norm ) , based on the LFS. In 2009/10, the LFS showed that 2.4 million on the job yearss ( full-day equivalent ) were lost in this industry due to workplace hurt and work-related ailment wellness. 3.0. Hazard Appraisal Hazard appraisal is a procedure which is a portion of hazard direction, it assign comparative things which must be consider in planning and nidation of procedures. 3.1. Background and overview: In modern epoch, everyplace increases the usage of modern equipments, engineerings and developed information, and every one trust on these digital material. It can back up in our educational, research and development, disposal and industrial environment, although these engineerings and dependable and on other manus it increase the degree of duty to protect the assets of information from any sort of harm or accidents. Risk direction is the uninterrupted procedure from which we can place or noticed these sort of hazard and program which can be implementing to turn to them. It is really of import to understand and pull off decently, it gives us information that where to use these resources which are available. It helps us to extenuate hazard is control, effectual and efficient manner, it besides help us to cut down the cost and do it profitable There are following points which are of import to see. It should be thought of as an uninterrupted procedure, non as a one clip procedure, stairss are defined before the execution, it may be repeated, nevertheless it normally non repeated start up procedure. It must be coaction between the cross functional units, university carry oning a broad information hazard appraisal is a procedure which require relationship and strong committedness from higher disposal to local staff. The connexion is more of import in the appraisal. An effectual university information hazard appraisal needs to go a portion of the civilization of the university community, affecting non merely IT-staff but besides all staff, decision makers, module, and pupils. Education and consciousness attempts should be aimed at all of these constituencies Stairss involved in Risk Assessment 1. Measure the possible impact of menaces to critical assets ( qualitative and/or quantitative ) 2. Measure the likeliness of happening of the menaces ( high, medium, low ) 3. Make a amalgamate analysis of hazards, based on the impact value to critical assets and the likeliness of happening Hazard Assessment in the Mining Industry In excavation industry there are assorted sort of hazards are involved, to avoid those hazards, we must implement the hazard appraisal procedure, for the appraisal there are five stairss are involved to place the hazards which help to protect workers and increase the efficiency of industry, there are five stairss are involved to buttockss, such as identify the jeopardies, than make up one’s mind which 1 is harmed and how, measure the hazard and happen safeguards of that hazard, enter your determination and implement them and eventually you must reexamine your appraisal if update is require or non. Hazards and jeopardies come in many formats at a mine site: confined infinites, electrical, legal conformity, audit, mechanical, chemical, regulative conformity, force per unit area ( air, H2O, and gases ) , site security, noise, thermic, radiation, organic structure mechanics, biological and the ever-present force of gravitation. All of these must be understood and managed on a proactive footing to guarantee zero injury and sustainable development. Whether you ‘re the site GM or a functional overseer, understanding and pull offing hazards across your concern thrusts production, ensures the safety of your work force and lowers your costs. Guaranting your concern standardizes the ways it identifies and analyses hazards is a nucleus constituent of effectual hazard direction. Additionally, being able to drive duty and answerability for hazards across the site guarantee all hazards are suitably direction and mitigated. 4.0. Hazard Assessment and Safety Improvements To better the wellness safety system in any industry is a duty of direction that it must be after and implement a proper system of hazard appraisal and safety steps, These safety steps are aid to confront any accident which occur in the industry and prevent workers and machinery which is installed, For better hazard appraisal need proper be aftering. There are figure of stairss are involved to forestall or get the better of the hazards which may be bring forth during the procedure. It should cover all operations which are in the industries, such as cleansing and care activities, it may be reflect. The undermentioned diagram show the stairss of hazard appraisal. The diagram indicates where hazard appraisal tantrums within an administration and the assorted inputs and end products that surround this procedure. It should be clear that hazard appraisal is non an terminal in itself, but simply portion of a procedure to assist guarantee a safe and healthy workplace. Safety is one of the really of import portion of any organisation, without safety none of any concern met the challenges of the market, for the better processing or production the direction must implement the safeguard step for the employer safety, it increase the efficiency of the organisation and do net income. Environment become safe and healthy and employers work freely without taken any emphasis on head sing accidents incidents. Figure: Hazard Assessment in Organisation 5.0. Reappraisals of Appraisal The result of appraisal of hazard should be addressed harmonizing to the administration ‘s hazard direction policy and processs. The execution squad should reexamine the recommendations from the appraisal of planning and treatments, and agree whether to implement these appraisals of hazard as they stand or to modify these appraisals. The squad will besides necessitate to hold how they should be implemented. The identified jeopardies and the in agreement actions need to be placed either on the administration ‘s, or patterns, local hazard registry. After item reviews the squad decided to implement hazard appraisal in any administration to avoid accidents and jeopardies which are produced during the procedures. The squad responsible for behavior all safeguards which are necessary for the safety of employers which are working in these industries. They prepare a study for the all impacts and reappraisal in item than discuss with the direction after that they are eventually travel for the execution of hazard appraisal in the house. 6.0. Document Control in Risk Assessment The purpose of papers control policy in the Risk Assessment is to guarantee all hazards are Identified and assessed decently and take safeguards to cut down the effects of hazards and safe the environment in administrations, A appraisal of hazard is depend on the different sort of signifiers which should be completed with information which is recorded in administration every bit much as possible. These signifiers will be used to put on the line come in the registry and after its completion the registry should send on to section of hazard. There are many parts of the signifier administration should clearly specified in the signifier. Name of individuals lending to the appraisal of hazard. Manager of the section is included in this exercising. A description of the hazard and the hazard evaluation or hazard mark, utilizing the likeliness and badness charts. A record of what is already in topographic point to command the hazard, or has been put in topographic point instantly. Actions which are necessary to further cut down the hazard. These actions need to be realistic and accomplishable. Date when hazard and action program will be reviewed, on the footing that the recommended action is implemented. Decision And Recommendation To sum up all the facets of hazard appraisal, I conclude that nowadays there are different attacks can take for the analysis of hazard. It can be quantitative i.e. it can delegate figure of numeral values of chances and effects, qualitative or combination of two. A determination made against the analysis of hazard is really hard undertaking but by the execution of hazard appraisal tools is really easy to place and assesses the hazard in the industry. From the value of hazards predicted, helps us to implement hazard appraisal tool in the administration. The import thing is differentiation when it comes to using analysis of finance to determinations and their precedences. Analysis of Quantitative hazard is really expensive, bing up to ten times every bit much as qualitative analysis. Wide usage of hazard analysis tools in industries are progressively, there are figure of analysis which are soon increase quickly are fault tree analysis or failure manners and consequence analysis, to cut costs and to better dependability and safety. This study covers all the impacts and their appraisals in industries, it besides cover the last five twelvemonth tendencies for hurts and human deaths. This study helps us to how to implement the proper and exact hazard appraisal analysis in the industry. How to cite Workplace Injuries And Fatalities In The Uk Industry Construction Essay, Essay examples

Financial Management of Wesfarmers-Free-Samples for Students

Question: Discuss about the Financial Management of Wesfarmers. Answer: Introduction The main aim of this report is to analyze and evacuate different factors related to the industry of Wesfarmers. The report also aims to analyze and value different kinds of strategies of Wesfarmers. Wesfarmers is one of the major conglomerates of Australia and the company operates in the retail industry of Australia (wesfarmers.com.au 2018). This report analyzes the major strategies of Wesfarners. Industry Overview The Australian retain industry is one of the largest industries contributing largely towards the development of Australian economy. Economic and social development of Australia is well supporting the continuous growth of the Australian retain industry. Apart from this, rising population and increased purchasing power of the customers is also providing boost to the Australian retain industry. In the recent year, the Australian retail industry registered $169 billion as a total revenue; and the annual growth of this industry from 2013 to 2018 is 0.7% (abs.gov.au 2018). Australian retail industry is a major source of employment in this country as 705,302 numbers of Australians are currently employed in this industry. Economic Environment Some major economic factors have major negative influence on the business growth of Wesfarmers; they are rate of interest, exchange rate, rate of inflation and others. In addition, the slow growth rate of this industry is another major hindrance for the growth of Wesfarmers. Apart from this, different government policies like Competition and Consumer Act 2010, Australian Consumer Law, Commerce (Trade Description) Legislation and others have influence on the business operations of Wesfarmers (business.gov.au 2018). Moreover, the wage rate of Australian retain market is higher when compared to the global market and it negatively affects the business of Wesfarmers. Competitive Environment It needs to be mentioned that Wesfarmers operates in a very competitive industry where there is the exeiancer of some major competitors of the company; they are Woolworths. Metcash Limited, Cantex Australia Limited, ALDI and others. In the presence of this intense competition, Wes fames become forced to lower the price of their products and this aspect affects the profitability of the company. Moreover, the long-term growth and long-term profitability of Wesfarmers gets affected in the presence of this intense competition (Kotler 2015). Influence of Industry Structure on Financial Management It needs to be mentioned that the industry structure of Wesfarmers has influence on the financial management of Wesfarmers. The business organizations under retain industry structure of Australia have to incur huge amount of expenses and there is an increasing trend in this expenses. For this reason, Wesfarmers needs to employee effective financial strategies for the management of expenses. Apart from this, Wesfarmers has to incur different kinds of costs for their business like direct cost, administrative cost and others. Thus, the adoption of correct cost cutting system is required to be implemented as a part of financial management. Apart from this, the industry structure has also influence on other aspects of financial management (Brigham and Ehrhardt 2013). Threat and Opportunities The presence of some major opportunities can be seen for the business of Wesfarmers. Considering the worldwide growth of retail market, Wesfarmers has the opportunity expand their business outside Australia. In addition, there is a large opportunity for Wesfarmers to register effective growth in the online segment. Moreover, the company can diversify their business into new segments and products. In this case, excessive competition from the existing competitors is creating major a major threat for the company. Another major threat is the effect of world economic downturn that leads to the decreased confidence and purchasing power of the customers. The offering of specialized products by the competitors is also posing threat for the business of Wesfarmers (Yuan 2013). Drivers of Income, Cost and Profit There are some major drivers of income, cost and profit in Wesfarmers and they are called as Growth Enablers. The first driver is the presence of outstanding people as the company always involves in attracting and utilizing outstanding people for the growth of the company. The implementation of strong financial discipline in the financial decision making process is another driver. As per Wesfarmers, an empowering culture can lead the company towards financial excellence and thus, it is another driver. Innovation is considered as the next driver for the financial success of Wesfarmers as innovative culture helps in fostering financial stability. Wesfarmers always try to maintain a strong balance sheet that is a major driver for financial success (wesfarmers.com.au 2018). Key Risks At the time of conducting the business operations, Wesfarmers has to face with some major financial risks. The key risks of Wesfarmers are liquidity risk, market risk and credit risk. Wesfarmers has divided market risk in three major parts; they are foreign currency risk, interest rate risk and commodity price risk. As all of these risks are key risks, the management of Wesfarmers is required to develop strategies for minimizing them (wesfarmers.com.au 2018). Financial Management Strategy for Risk Mitigation It can be observed that Wesfarmers has developed a major framework for the mitigation of the above-mentioned risks. The management of Wesfarmers has established divisional structure, reporting line, appropriate authorities and responsibilities for the guidelines and limits on business expenditures, capital expenditures, investment and others. There has been development of operating cycle and divisional reporting requirements. Wesfarmers has also developed the strategy of annual budgeting and monthly reporting system for the purse of performance monitoring. There has been an implementation of appropriate due diligence for acquisition and divestments. Most importantly, Wesfarmers has also implemented the strategy of crisis management for their key businesses. There has been also implementation of internal assurance programs (sustainability.wesfarmers.com.au 2018). Conclusion From the above discussion, it can be seen that he major economic factors have major impact on the business of Wesfarmers like interest rate, inflation rate and others. The retail industry of Australia provides opportunities as well as threats to Wesfarmers. From the above discussion, it can be seen that Wesfarmers has developed a major risk management framework for mitigating the major risks like interest risk, market risk, currency risk and others. References Abs.gov.au. (2018).8501.0 - Retail Trade, Australia, Feb 2018. [online] Available at: https://www.abs.gov.au/ausstats/abs@.nsf/mf/8501.0 [Accessed 8 Apr. 2018]. Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Business.gov.au. (2017).Retail wholesale trade industry fact sheet. [online] Available at: https://www.business.gov.au/info/plan-and-start/develop-your-business-plans/industry-research/retail-and-wholesale-trade-industry-fact-sheets [Accessed 8 Apr. 2018]. Group, D. 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