Art Is A Reflective Mirror - 1945 Words

No one can disagree that Art is a reflective mirror, which helps to reveal most of the history events, culture, political circumstances, contemporary social issues and religion. Art is also a personal representative of the artist or it can be a product of human activities. Besides, Art is known as the creation of images and objects in a variety of forms and visual elements following by its concept. So, Is the concept of Art being relevant not only in the Art world but also in education and our society?. Does culture affect the ideas of art and become certain parts of the concept?. Concept of Art is the artist’s intention and messages that have been conveyed and transferred to the audience through the artwork. Artists themselves are seemed subconsciously affected by the culture of their birthplace or by the place they are living in. Roots of history, culture and political economy nourish the art. Rudolf Arnheim states that: The arts, as a reflection of human existence at its highest, have always and spontaneously lived up to this demand of plenitude. No mature style of art in any culture has ever been simple . By choosing Asian countries as an example of art that was influenced by history, Vietnam- my birthplace with its art is the one that was heavily affected by its own history of wars. â€Å"Painting is an instrument of war†, said Pablo Picasso; according to the visual art heritage from various foreign cultures during the twentieth century, Vietnam Art has become unique andShow MoreRelatedReflective Essay1508 Words   |  7 PagesIntroduction People often spend at least few minutes every day before the mirror. Why do you stand before a mirror? What do you see when you look at the mirror? You, right? Technically speaking we stand before a mirror to analyze ourselves by looking at our own reflection in the mirror. The same can be said about the reflective compositions. A reflective composition is the result of introspection into past experiences or memorable events in our lives. We introspect into these memorable eventsRead MoreOptical Camouflage Technology1731 Words   |  7 Pages7799224496 9966557668 Contact Address Thandra Paparaya Institute Of Science amp; Technology, Komatapalli, Vizianagaram Dist. ABSTRACT: Imagination is impetus to Creativity, creativity defines Art, art redefines Perfection and Science aims at understanding this perfection by developing Technologies. One such Technology which came into existence is OPTICAL CAMOUFLAGE. The word camouflage comes from the French word camouflerRead MoreAnnotated Bibliography On The Magic Behind The Mirror803 Words   |  4 PagesMagic Behind The Mirror Most people believe that when you look at a mirror, you only see your reflection. But if that s true, how can you see through an infinity mirror? Does it need to be dark for this illusion to appear? 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A trait that media and art have in commonRead MoreModern Architecture in Japan and India1532 Words   |  6 Pagestheory and international trends but on lay designers who often make up the bulk of national designers and builders, struggle with the marriage of international views and standards in juxtaposition to defining a modernity in architecture that is reflective of culture. In the case of India the multicultural reflection of a broad social culture and in Japan the reflection of reinventing the post-modern and both nations with particular care to both embrace and reject aspects o f colonialism that haveRead MoreThe City Of The Chicago City1426 Words   |  6 PagesHe was born in India on March 12, 1954. He moved to London for further studies about arts in 1970s.   It was his first public artwork that he created in United States. 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When I first walked into the room the lights were all red, and by the timeRead MoreThe Neural Epidural Junction Is Where The Psychological, Physiological And Somatic Systems Intersect931 Words   |  4 Pagesconsolidation when all three smaller figureheads are near each other. On top of the skull, mirror chips, corresponds to the spirit interrelation with my physical presence. The balance of the skull is decorated with sequins, circles and geometric forms, generating a sensory affect related to the sound of music (Kandinsky’s concentric circles) and memories. The distortion in the face, resolve that I am reflective and the visual imbalances, at thoughts, still impair reality. In all three figures thereRead MoreAnalysis Of Friedrich Schlegel s The Fragment No969 Words   |  4 PagesFriedrich Schlegel’s â€Å"Athenaeum Fragment No. 116† discusses romantic poetry, an art form that the Romantic generation changed quite drastically. 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The Merger Of Daimler Benz And Chrysler Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2184 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? 1 INTRODUCTION Both mergers and acquisitions are attempts from companies just in order to combine their strengths so to achieve synergistic benefits. Two companies combine to form a new company in a merger. In an acquisition, one company takes over the other in terms of ownership or management. Don’t waste time! Our writers will create an original "The Merger Of Daimler Benz And Chrysler Finance Essay" essay for you Create order Mergers and acquisitions can create economies of scale, in which costs of similar functions can be reduced. Cost per unit of output can reduce as well with increased output bringing down the cost per unit to be produced. Investors are happy with the notion that the merger or acquisition will give the company added strength and benefits. One plus one makes three: this equation is the special alchemy of a merger or acquisition. The key behind buying a company is to create shareholder value over and above that of the sum of the two companies. Two companies together are more valuable than two separate companies a main reasoning behind MA. This rationale is particularly alluring to companies when times are tough. Companies that are strong will act to buy other companies to create a more competitive, cost-efficient company. The companies that will come together hope to gain a greater market share or achieve greater efficiency. These are the potential benefits, because of which target companies will often agree to be purchased when they know they cannot survive alone. https://www.investopedia.com/university/mergers/ In todays challenging business environment, companies must continuously acquire knowledge and expertise, gain new product and service capabilities, and expand market share in order to attain a critical mass in an increasingly competitive and volatile economy. A number of companies are turning to mergers and acquisitions (MAs) to help achieve these objectives. Determining whether to purchase another business, or to merge to form a large and perhaps quite different company, is one of the most important decisions and management is called upon to make. The right acquisition at the right time can be a shortcut to expansion, increased profitability, and a new direction for the business. With a single act, the acquiring company may accomplish growth which would have been impossible or which, at the very least, would otherwise have taken many years of investment and hard work. However, a bad decision can be fatal, often stretching the acquirers financial, managerial and other resources beyond their capacity, causing the entire structure to fail. An acquisition decision is, therefore of extreme importance. Even if growth through acquisition or merger is a good idea, choosing the right acquisition candidate and completing the acquisition process are difficult and risky steps. Most acquirers evaluate numerous potential acquisition candidates for each transaction they actually consummate in order to be successful (Joseph M Morris, 1998). For many companies, the acquisition itself is the easy part; the more difficult task is to successfully integrate the newly acquired company within the organization. Beyond the tactical aspects of determining which employees will now report to whom and which facilities will remain open and which will close, a merger or acquisition involves integrating more strategic aspects, one of the most imp ortant of which is the creation of a corporate culture (Jossey Bass, 1998). From nineteen ninety onwards there is an increasing trend of mergers and acquisitions. Due to globalization it has also encouraged cross border mergers. This report looks at the merger in an automobile company, Daimler-Benz with Chrysler, which took place in 1998. 1.1 DAIMLER-BENZ AND CHRYSLER: THE MERGER On May 7, 1998, Daimler Benz and Chrysler announced their merger agreement, in a $48 billion share-for-share exchange affected with a new global registered share facility with a new name DaimlerChrysler (DCX). The merger became effective in November 1998 and on the 17th of that month, through a business combination of Daimler Benz and Chrysler to create a global, diversified manufacturer and distributor of automobiles, diesel engines, aircraft, helicopters, space and defense systems and other products and services. The DaimlerChrysler AG Global Registered Shares (GRS) simultaneously began trading on twenty-one markets around the world, including Frankfurt and New York. The shares are traded, quoted and settled in U.S. Deutschmarks or Euros in Frankfurt and dollars in New York. Daimler shareholders got about 55% of the new company and Chrysler shareholders got about 45% because Daimlers market capitalization was greater than Chryslers. (G. Andrew, 2003) 1.2 COMPANY BACKGROUND: DAIMLER-BENZ Daimler Benz was founded in 1895 in Stuttgart, Germany, and by the 1980s; it had become one of its largest industrial companies with 1997 revenues of DM 124 billion. Its market capitalization was $36 billion on December 31, 1997 and net sales were over $68 billion. The company had over 550,000 shareholders with its shares distributed across 14 stock exchanges around the world, including the New York Stock Exchange (NYSE) as ADRs since 1993 ( Radebaugh, Gebhardt and Gray 1995). Daimler-Benz and its consolidated subsidiaries operated in four business segments: Automotive (Passenger Cars and Commercial Vehicles), Aerospace, Services and Directly Managed Businesses World scope Database Global Researcher (Update 36, April 1999). Daimler-Benz was primarily active in Europe, North and South America and Japan. In 1997, approximately 33% of Daimler-Benz revenues was derived from sales in Germany, 25% from sales in other member states of the European Union and 21% from sales in United States and Canada. 1.3 COMPANY BACKGROUND: CHRYSLER Chrysler was incorporated under the laws of the State of Delaware on March 4, 1986, and is a surviving corporation following merger with number of its operating subsidiaries, including a predecessor corporation which was originally incorporated in 1925. Net sale in 1997 was $61 billion, and its market capitalization was $23 billion on December 31, 1997. 135,000 shareholders held the shares worldwide and its shares were traded worldwide, including Frankfurt, Berlin and Munich in Germany. Chrysler and its consolidated subsidiaries operated in two principal industry segments: Automotive Operations and Financial Services. Automotive Operations included the research, design, manufacture, assembly and sale of cars, trucks and related parts and accessories. Substantially all of Chryslers automotive products were marketed through retail dealerships, most of which were privately owned and financed. Financial Services included the operations of Chrysler Financial Corporation and its co nsolidated subsidiaries, which were engaged principally in providing consumer and dealer automotive financing for Chryslers products. Chrysler was manufacturing, assembling and selling cars and trucks under the brand names Chrysler, Dodge, Plymouth and Jeep, and related automotive parts and accessories, primarily in the United States, Canada and Mexico. Chrysler was producing trucks in pickup, sport-utility and van/wagon models, which constituted the largest segments of the truck market. In 1997, although most of its vehicles were selling in North America, but it also participated in other international markets through its wholly owned subsidiaries in Argentina, Brazil, Venezuela, Taiwan, Korea, Japan, Thailand, Egypt, Austria, Italy, France, Belgium, the Netherlands and Germany, a joint venture in Austria, and through minority-owned affiliates located in china and Egypt. 1.4 REASONS FOR DAIMLER CHRYSLER MERGER: Jurgen Schrempp, the CEO of Daimler-Benz touted the merger between Daimler-Benz and Chrysler as being a merger of equals (Gibney,Frank Jr,1999). It was the largest industrial merger in history and was being analyzed by the world to see if the Germans and Americans could regain their global prominence and compete more effectively with the Japanese. At the time of the merger, Chrysler was the most profitable of the Big Three U.S. automakers (Pfeffer,Jeffrey, 2003) The merger was motivated by the following reasons. One, Chrysler wanted to re-enter the European market with a strong position. Two, there was too much U.S. manufacturing capacity with a large number of smaller plants and it was estimated that the merger would force some these plants out of business. One of Jurgen Schrempp long-term goals after merging with Chrysler was to strengthen the companies position in the growing Asian market. Integrating some of the lean and flexible ways of Chrysler into the traditi onal, engineering- driven Daimler-Benz culture was seen as a major benefit of the merger. Chrysler was known for its approach, where speed and ingenuity were prized. Teams of engineers, designers, production and marketing people were organized around common platforms. Freed from corporate bureaucracy they could produce imaginative designs quicker and much more efficiently. On the other hand, Chrysler could use some of the German self-discipline and engineering and quality focus. One of the real benefits to us is instilling some discipline that we knew we needed, but werent able to inflict on ourselves, said a Chrysler executive (Daimler Chrysler Crunch Time,September, 1999). 1.5 EARLY ATTEMPTS AT MERGERS: Daimler-Benz Edzard Reuter, the previous Daimler-Benz Chairman, had pursued the vision of an integrated technology concern. Under his leadership the company had expanded into financial services, the aircraft industry (Fokker, Dornier), a large conglomerate itself (household goods, automation technology, office automation and railway equipment). When Schrempp took over in May 1995, financial performance of the company had seriously declined. Taking shareholder value management to heart, his first task was to rationalize and streamline the Groups non-auto businesses. At the same time, he pushed forward several new projects in the car business. In preparation for a major change of strategic direction Schrempp had Daimler-Benz adopt US GAAP accounting principles and listed the company on the New York Stock Exchange. Furthermore, he reorganized Daimler-Benz into a holding company, thereby providing the structural conditions for merging with a large player. However, groundwork for possible acqu isitions and mergers had already been laid in the early 1990s before Schrempp had become Chairman of Daimler-Benz. Mercedes-Benz executives feared that their traditional upscale car range was reaching the limits of its market potential. Studies completed at that time indicated that Mercedes-Benz, which had sold just above 500,000 cars in 1993, would never be able to grow beyond sales of one million units annually. The companys traditional markets were mature and its Mercedes-Benz brand cost too much for customers in developing countries. Maintaining the premium status of the brand entailed restricted expansion. This could mean that the company might lose its competitive strengths in new technologies. Suppliers no longer wanted to grant Daimler-Benz the exclusive use of breakthroughs like intelligent cruise control systems for more than a few months. They instead preferred to get their money back faster by selling the latest technology to bigger producers such as Volkswagen or Genera l Motors. 1.6 Chrysler Chrysler made an impressive comeback from near-bankruptcy in the late 1970s. A special Federal Loan Guarantee Program supported by the U.S. government rescued it. In the early 1980s the company reinvented itself by streamlining its manufacturing operations. It reduced the white-collar force by half and the blue-collar force by a quarter. Furthermore, drastic price cuts for parts and services were negotiated establishing Chrysler as the industry benchmark standard for buying parts and components. Before the merger Chrysler was more profitable than Daimler-Benz earning $ 2.8 billion in 1997 on $ 61 billion in sales, whilst Daimler-Benz had earned $ 1.8 billion on $ 69 billion in sales. In 1987, the company acquired Renaults U.S. car operations, American Motors. An attempt to merge with Fiat failed in 1990, as did a hostile takeover bid by billionaire investor Kirk Kerkorian. In 1995 Chrysler and Daimler-Benz held talks about how to jointly expand their position in the Asian grow th market. As these talks did not come to any conclusions, Chrysler developed its Lone Star strategy, a low investment growth approach to foreign markets. Rather than build factories abroad the company would try to export cars that it produced in North America. But Chrysler discovered that it was too thinly staffed to deploy the managers needed around the world to speed up such sales. At the same time Chrysler was feeling the pressure from the demands of advanced technology. RD cost Chrysler more than its U.S. competitors because it made fewer vehicles over which to spread the cost. 1.7 PROBLEM STATEMENT The concept of merger and acquisition is very in today as most of the companies and sectors are performing it. Daimler Benz and Chrysler the automobile giants merged to form Daimler Chrysler. The researcher is keen to study post merger analysis and the problems faced as consequence of the merger. 1.8 RESEARCH QUESTIONS What was the post merger analysis of the merger? What were the problems faced as the result of the merger? 1.9 SIGNIFICANCE I was unable to locate any work done on mergers and acquisitions in automobile industry thats combined together. This research will be conducted considering the aspect of mergers and acquisitions in an automobile industry between Daimler Benz and Chrysler. 1.10 SCOPE OF STUDY The scope of the study is to evaluate the Daimler Chrysler merger. The research will focus on Daimler Benz and Chrysler the biggest giant in auto mobile industry. The research aim to analyze the post merger analysis and the problems faced as consequence of the merger 1.11 OBJECTIVES A clear and well developed objective makes all tasks easy. Since this research deals with the merger and acquisition in automobile industry between Daimler Benz and Chrysler, the objective of this study is as under: The objective is to study is: Post merger analysis Synergies and economy of scale Post merger business model Stock price before and after the merger Integration of accounting procedure Comparing market share of Daimler Chrysler with its competitors Problems faced as the consequence of merger Top management layoffs Coordination problems Communication problems Cultural conflicts merger Decline in stock prices after merger Decline in sale in Chrysler division.

Social Security - 2346 Words

Social Security at 80: Time to Retire? or Revise In 2015, America’s Social Security System turns 80 years old. The original act was a landmark bill, as it was the establishment of America’s safety net. The promise of the act was to ensure that America’s retirees would have some protection from poverty. Since the Social Security Act of 1935 was passed, the social safety net has been expanded to cover additional groups and classes of people. The most important additional programs established being MediCare and MedicAid. After years of running a surplus, Social Security has reached an inflection point. At the current rate of drawdown, the trust fund will run dry, and Social Security will begin to operate as a pay-as-you-go program,†¦show more content†¦This act created Medicare Part D which was the introduction of prescription drug coverage. Since 1965, prescription drugs have become more common but were excluded from the original 1965 act. The law was meant to address the increa sing dependency of elderly on prescription drugs to manage chronic illnesses. Unlike the Veteran’s Affairs prescription drug benefit plan, the MMA does not allow the federal government to negotiate drugs prices. This has become a contentious point because the same drug can cost the VA 50% than the same drug under Medicare. Demographic Issues Affecting Social Security, Medicare and Medicaid The overriding issue facing Social Security, Medicare and Medicaid is the changing of America’s demographic makeup. Shortly after the close of the Second World War, the U.S. saw a dramatic rise in fertility, called the Baby Boom generation. The sharp rise and following fall of U.S. fertility produced what is often called a demographic dividend. The demographic dividend provided by these workers coincided with an era of unparalleled economic growth for the United States and the rest of the world. But the demographic dividend provided by the Baby Boomers is coming to an end. Beginning in 2011, the Baby Boomers began to retire and the aged dependency ratio is set to markedly increase. The Social Security Administration estimate that the U.S. aged dependency ratio will rise to 35% in 2030 from the 2010Show MoreRelatedSocial Security999 Words   |  4 PagesSocial Security History, Current Structure and Calculatio n of Benefits The Social Security Act was implemented in 1935, after the stock market crash had wiped out the savings of millions of Americans, the nation reached out to their president to guarantee the elderly a decent income. The original Act provides retirement benefits payable to a person 65 years and older who were no longer working. There were very few people that had access to pension from their employers and through government pensionRead MoreSocial Security1185 Words   |  5 Pages) ADM653: SOCIAL SECURITY AND EMPLOYEE BENEFITS ADMINISTRATION TOPIC: DEVELOPMENT OF SOCIAL SECURITY IN UNITED STATES PREPARED BY: AFIQAH BINTI MAD KASSIM 2013455736 ALIA ATIQQAH BINTI ADENAN 2013 FIQRIN HANIS BINTI ROSLI 2013488894 INTAN SURAIYAH BINTI RAMAT 2013460818 NUR AMILY BINTI ZAINUDDIN 2013439594 GROUP: S3BA5G (SEPT 2015) PREPARED FOR: SIR SUHAIMI BIN ABD SAMAD SUBMISSION DATE: 13 OCTOBER 2015 1.0 Introduction United States Social Security AdministrationRead MoreSocial Security And Economic Security1311 Words   |  6 Pages In 2033 a retiree with the average Social Security benefits of $1,294 will only receive 77% of this number or $996. This average retiree pays the average monthly costs for a single adult in Grand Rapids, Michigan of $1,323. This shows Social Security benefits today are sinking below the amount necessary to live. In the case the benefits are cut further, living on benefits will be impossible. This stays true to the 20% of retirees who rely on Social Security for all of their income. To make a trulyRead MoreSocial Security And Economic Security1582 Words   |  7 PagesIn 18 years, Social Security benefits could drop so that millions will not have the money to survive. On the other hand, it could not exist entirely. Social Security funds are sinking due to its history, its inability to obtain funds, and the retirement of the Baby Boomer generation. To make a truly accurate evaluation of Social Security one must look at the past, present, and future of the program which is depicted in the following paragraphs through the program’s history, its costs, and finallyRead MoreSocial Security : A Social Problem3610 Words   |  15 PagesThe social security deficit is one that consumes the economy in the greatest way possible, whether man is aware of it or not. Social Security is an insurance plan the working class earns their beneficial coverage due to their work hours and tax paying on their earnings. The program is for the disabled and for those who can longer work due to health issues, or because of the retirement age that is required to have reached and some have met. To solve the social security dilemma some of the actionsRead MoreEssay on Social Security1184 Words   |  5 Pages Social Security nbsp;nbsp;nbsp;nbsp;nbsp;Social Security is a public program designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word social security refers to the programs established in 1935 under the Social Security Act. Societies throughout history have devised ways to support people who cannot support themselves. In 1937 the government began issuing Social Security identification cardsRead MoreEssay On Social Security1655 Words   |  7 PagesThat’s why America created a system called social security in 1935, this system is to help those who are older and have disabilities. (see staff.) Social security has three main part: first is the objective and comprehensive introduction to the American social security system; the second is the information authority, novel, the policies and data are from the US government and the legislature; third is the academic and practical combination of the US social security system Of the policy practice at theRead MoreThe Social Security System1442 Words   |  6 Pageshave faced the uncertainties brought on by unemployment, illness, disability, death and old age. In the realm of economics, these inevitable facets of life are said to be threats to one s economic security†- (www. ssa.gov). The 1935 Social Security Act was a giant step towards creating an economic security for the nation. However, as a person who has yet to be in the work force for 10 years I have already begun to realize that my comfort in retirement cannot rely on government funding, there are thoseRead MoreThe Benefits of Social Security1031 Words   |  4 PagesSocial security is any government system that provides monetary assistance to people with an inadequate or no income. The United States government program was established in 1935. Social security is important in the U.S. because it lifts 20 million people out of poverty. Social security has changed drastically in the past few years of our society. Today, 37 million people get social security benefits of more than $15 billion a month. One way of getting a social security is to gain employment. TheRead MoreEssay on Social Security782 Words   |  4 PagesSocial Security The purpose of this paper is to analyze social security so as to show the reader what makes it beneficial to us today. . Throughout my life the words social and security have meant little more to me than the representation of a small blue card in my wallet, a consistent and increasingly significant deduction of funds from my weekly pay-check, and a vague academically-instilled recollection of the potential for long-term future benefit. In fact, it was not until I researched

System Analysis of Headspace for NSW- myassignmenthelp.com

Question: Discuss about theSystem Analysis of Headspace for NSW. Answer: Introduction Headspace is a mental health organization that wok with young people from age 12 to 25 those who mainly suffers from anxiety and depression. These are the most common health problems that the youth faces in NSW. Youth commits suicide in NSW from the age group 16 to 25. The youths have to see multiple doctors and professionals for their help (Abolfazli et al., 2014). The problem arises in Headspace in this area that each time the youths shifts their professionals, they have to repeat their story each and every time. Saying the same thing several times, the youth summarizes their problems which make treatment difficult for the professionals. Youths are admitted in the ED (Emergency Department) of the hospital. There is no such system that gives notice to the case workers of the Headspace about the release of the patients. The youths cannot get any type of help from the case workers of the Headspace after their release. For this issue that has arrived in Headspace, a cloud solution is p roposed. The solution that is cloud based provides a solution to the Headspace with all the issues related to data security and data ownership of the Headspace, youth that comes for treatment, to the Emergency Department and the case workers. This report gives a detailed structure that is needed by Headspace related to cloud solution. The non-functional requirements that are needed for the system is clearly stated which includes the use of FURPS+ aspect of the non-functional aspect. The details of the cloud based solution are given stating its advantages as well as disadvantages of using cloud solution in Headspace. Lastly an SDLC approach is described briefly stating the advantages and the disadvantages of predictive and adaptive methods of SDLC. Non-functional Requirements of Headspace The requirements that are needed by Headspace to solve the different attributes of the cloud based system are known as the non functional requirements of Headspace (Awan, Malik Javed, 2015). All the critical qualities of the cloud based system are recognized by the non-functional requirements. The non-functional requirements of system are FURPS+. FURPS+ stands for functionality, usability, reliability, performance and the last is the security. The requirements are important to a system of the Headspace. FURPS+ technique is explained in as follows: Functionality: The Functionality defines the feature of a product that is considered as the most common among all the features (Mijumbi et al., 2016). The functionality requirements are mostly technical oriented which includes printing, auditing, system management, mail, licensing, workflow and security. Usability: The issues that are related with the users are involved in usability of the FURPS+ technique. The issues are related with the user to start the system, look at all the requirements and also capture the system (Rahimi et al., 2014). The non-functional requirements of the cloud system are ensured by the usability factor of FURPS+. Reliability: Reliability ensures availability, accuracy and also recoverability. The dependency on the recovery and the computations are the main factors that are related with the system which protects the system from being shut down. Performance: The information all through the cloud system that are performed and the total time taken by the cloud system is calculated in the performance technique (Penzenstadler et al, 2014). The recovery time that is required for the system to recovery is also calculated in performance. Security: The last technique of the non-functional requirement of FURPS+ is the security. The security is the main factor for Headspace because it needs to keep all the data that are stored confidentially. The data that are kept in the record of Headspace are all highly sensitive as well as confidential (Stoica, Mircea Ghilic-Micu, 2013). The security provides a guard for all the data that are stored in the cloud from unauthorized access. The + sign of FURPS+ describes some particular constraints. This includes interface of the system, physical constraints, the design constraints of the system and also the implementation constraints of the system. Functional Requirements and Non-functional Requirements of Headspace Functional Requirements- The doing of all the services in a system are mainly specified in the functional requirement. To satisfy and maintain the fundamental reasons for existence, the actions that are performed by service comes under the functional requirement. The fundamental activities that are required in functional requirements are manipulating the data and also computing all the data (Balaji Murugaiyan, 2014). The functionality service is not changed by the functional requirements irrespective of all the other properties that are associated with them. The functional requirements that involved in a cloud system area s follows- authorization level, cancellations and the adjustments, transaction corrections, historical data, administrative functions, certification requirements, business rules, requirements that are legal and regulatory, external interfaces, reporting requirements, audit tracking and authentication. The most common example of functional requirement is sending of email when new registration is done by the customers or a customer sign in to their account. Non-functional Requirements- The properties that are possessed by services comes under the non-functional requirements of the cloud system (Chung et al., 2012). All the qualities and the characteristics that are needed to make the cloud service fast, attractive, reliable and usable are the properties of non-functional requirements. In non-functional requirement, fundamental activities such as manipulation of data and computation of data are not at all required in the system. The non-functional requirement of cloud service is made easy and secured for using by adding different functionality. The limit of functionality is kept on the system in non-functional requirements and the behavior is also elaborated in this requirement. The functions of non-functional requirements that are involved in the cloud system are: capacity, reliability, scalability, maintainability, regulatory, interoperability, usability, manageability, security, performance of response time, utilization, static volume tric, availability, serviceability, data integrity, recoverability and data integrity (Galibus Vissia, 2015). All the attributes and the characteristics of the cloud system are mentioned so that all the users accessing that database are aware of the changed updated data. Solution based on cloud Advantages of Cloud Environment- The following are the advantages of cloud environment. Usability- The cloud storage services are taken care of in usability in folders of desktop of personal computers and MAC books (Tuteja Dubey, 2012). This gives all users the facility of dragging and dropping all files they want to store in the local storage. Accessibility- All the files that are stored in the cloud should be enabled to be accessed by the users through the internet from any place the user wants to access. Recovery- There is a high backup plan for the services that are provided by the cloud system. Backup plan is an essential part of any kind of business in case there exists some data breach or some data loss from the organization. All the files that are stored in the cloud keep a copy of those as a backup in case any tragedy happens with the user. Saves the cost- The operational cost of cloud storage that is used by organizations and the businesses are needed annually (Rittinghouse Ransome, 2016). The cost that is actually needed to store data in cloud is calculated as per GB. It costs 3 cents for a single GB to store in the cloud. Disadvantages of Cloud Environment- The disadvantage of cloud environment are as follows. Usability- The feature of dragging and dropping are provides a disadvantage as well for the cloud system. The user those who are adopting the method of drag and drop have to be careful about the method (Kulkarni et al., 2012). Copying and pasting is not allowed in this process. Accessibility- The disadvantage arrives with accessibility because the cloud system is not accessible without internet. The user cannot access the files that are stored in the cloud without internet. Data Security- Most of the time, the security to all the data that are stored in the system are not secured efficiently by cloud system (Li et al., 2013). The privacy of the information is not taken care of as in other system like cloud. Software- Another disadvantage is that the systems which have the installed software for using cloud can only get access to the files and data that are stored in the system. If the system does not have the software installed, the files are not at all accessible. Headspace deals with all the types of data that are very sensitive and are to be kept confidential. A cloud system is implemented in Headspace to keep all the data secured and safe. Some processes are to be followed to store the data in cloud system. Firstly the agreement those are provided by the cloud providers are to be read properly by Headspace. In case there is any data breach in Headspace, the cloud is able to give a security and keep a backup to all the information that is stored in the system. Some of the cloud services that is recommended for Headspace are Spideroak and the other is Wuala. SDLC Approach Predictive Approach Advantages- The model of predictive approach is very easy to implement and very simple to understand the method and implement them. The predictive approach is very easy to manage because the model is very rigid. The processes and the phases that are involved in the predictive approach are all completed at one time which does not create overlapping of the phases. The advantage of predictive approach is that it works well with smaller projects which enable the requirement to understand well. Disadvantages- The disadvantage predictive approach is that if the user proceeds with the method once, then the user feels difficult to go back if the processes reach to its testing stage. The projects that are done with this method are mostly very complex and are object oriented (AlZain et al., 2012). This model provides high uncertainty and also is risky to be carried out. The main disadvantage of predictive approach is that they do not work with a project that runs long. Adaptive Approach Advantages of adaptive model- The functions that are involved in the adaptive model can be developed early before implementing the process. The results that come from this method can also be predicted before the completion of the project. Planning process is done for this adaptive method. Disadvantages of adaptive model- The adaptive method requires many processes which prove a disadvantage of this model. Managing the adaptive method is very difficult as it deals with big projects and methods. For defining the increments, the complete system are to be defined beforehand which is very difficult. Conclusion Headspace can use the SDLC Adaptive method for completing their processes because the functions that are involved in the adaptive model can be developed early before implementing the process. The results that come from this method can also be predicted before the completion of the project. Planning process is done for this adaptive method. The requirements that are needed by Headspace to solve the different attributes of the cloud based system are known as the non functional requirements of Headspace. All the critical qualities of the cloud based system are recognized by the non-functional requirements. Headspace deals with all the types of data that are very sensitive and are to be kept confidential. A cloud system is implemented in Headspace to keep all the data secured and safe. Some processes are to be followed to store the data in cloud system. References Abolfazli, S., Sanaei, Z., Ahmed, E., Gani, A., Buyya, R. (2014). 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