Forecast of Aud/Usd:

In short term, Australia is facing higher inflation rate (2. 9%) than the United States (2. 1%), this can lead to the domestic market price increase but not much fluctuation for currency exchange rate. Moreover, Australia has higher GDP growth rate than United States (3. 5% vs 2. 4%) and lower unemployment rate than US, which are 5. 2% and 7. 9% in 2013. Therefore, the income will increase in Australia. Australia consumers would spend more on the US imports and the demand for US will increase. The supply of dollars will increase to buy more US products and the value of USD will increase relative to the AUD.In conclusion, we predict that the exchange rate of AUD/USD will decrease in the short term. In intermediate term, there will be almost a constant decline of inflation rate each year in Australia while that of United States remains fairly constant. The Inflation rate in United States is still lower than Australia. As a result, it is highly unlikely that the interest rate in Austral ia will increase by a large amount. On the other hand, the interest rate within the United States would be expected to remain quite low.In addition, according to the information from IMF, GDP growth of Australia will be stable at 3. 5% while that of United States will increase from 2. 4% to 3. 5%. Although there is a large reduction in unemployment rate in United States, it is still higher than Australia’s. Therefore, as long as the US Federal Reserve will not implement the monetary policy QE3 in the next few years, the currency of the United States will go up against Australia, but exchange rate of Australia will still be slightly higher than United States in the intermediate term.In the long term (greater than 5 years), the inflation rate of Australia will drop to 2. 4% in 2017 while that of United States will start to rise. On the other hand, GDP growth for both Australia and United States are similar at a stable pace of 4% and are hard to improve?In addition, the unemploy ment rate will continue to decline to about 4%. After 2017, inflation rates and GDP growth rate of both countries are expected to get closer and closer, achieving the stable coordination finally.At the same time, the Central Banks should not raise their interest rate to lower the inflation. Therefore, in conclusion, we predict that the exchange rate of AUD/USD will remain at a stable relationship with each other in the long term. Reference: IMF 2012, IMF Data Mapper, 2Executive summary This report focuses on forecasting the trend of exchange rate of AUD/USD and PHP/USD in short term, intermediate term and long term. The fundamental analysis is based on the changes in demand and supply of those three currencies.In terms of PHP/USD, for short term, the higher domestic interest rate in Philippine and the monetary policy (QE) will be implemented by United States will result in PHP/USD decreases. For intermediate term, as QE grows the GDP of United States, Philippines remain domestic pol icies and target, the supply of dollars increase faster than demand of pesos decrease, PHP/USD continue to decrease. For long term, those factors which affect the exchange rate will trend to reach an another equilibrium, PHP/USD increase.As for AUD/USD, due to the increased consumption of Australia on the US imports, the demand for US will increase. Consequently, AUD/USD will decrease in the short term. For intermediate term, Unit Stated will experience an obvious economic recovery while the major macroeconomic variables in Australia generally remain at a stable level, thus AUD/USD will continuous fall, but AUD will still appreciate slightly against USD. In the long term, the economy of both countries are expected to get a stable coordination, so it is likely that the USD will stop depreciating against the AUD and the exchange rate between the USD and he AUD achieve an new equilibrium.In recommendation, US dollar trend to depreciate against Philippines peso in short and intermediate term, purchasing pesos using US dollars now and exchange back to US dollar in the future which up to 5 years for gaining profit. US dollar trend to be appreciated against AU dollar in short and intermediate term, hence the top manager should hold a short position on the AUD and a long position on the USD, while for the long term the top manager just hold a short position on the USD.

Marginalization Needs An Insight English Literature Essay

Nor is this contained in a watertight compartment of economic sciences but affects every facet of civilization. When this onslaught takes topographic point, the communities in The Bluest Eye and Windflower find themselves anomic and uprooted in a land which is every bit much theirs as of anyone. Here, in the clang of traditions and the intangible ways of life with the more concrete and productive system of the white, English community, it is the latter who assumes the cardinal place. It adds to the female quandary and the turning realisation or the turning incomprehensibility that has a benumbing consequence which is the start of disaffection. Both Elsa and Pecola become alienated, and bit by bit, deranged. In her book Playing in the Dark: White and the Literary Imagination Toni Morrison inquiries the cannons of literary reading and apprehension of Africanism and says: As a disabling virus within literary discourse, Africanism has become, in the Eurocentric tradition favored by American instruction, both a manner of speaking about and a manner of patroling affairs of category, sexual licence and repression, the formation and exercising of power, moralss, and answerability. ( Morrison 1792 ) This misreading can is true even for the French-Canadian individuality represented by Gabrielle Roy and for the Eskimo civilization depicted by her in Windflower. This manner, these civilizations and their discourses are considered as peripheral or undistinguished. In instance of both Elsa neodymium Pecola, they are double marginalized, both as adult females and as members of marginalized communities. Pecola is of the black American community, with many privileges denied to her. Elsa ‘s status becomes clear with this remark by Allison Mitcham: Several outstanding modern-day Canadian novelists seem obsessed with the predicament of characters double isolated, characters who are isolated, foremost, from the two chief watercourses of Canadian civilization — the Gallic and the Englishaa‚ ¬ † because they have been born Indian, Eskimo or Jewish, and 2nd, isolated from their ain folk, group or race because, for assorted grounds, they reject their ain racial or tribal forms, or for some ground, can non conform to them. ( Mitcham 43 ) As such, corruption is inevitable to them. A precipitating point in this corruption is the sexual development of both. Before this point, the laterality of a system, an ordered societal hierarchy is already accepted by our supporters. In this, the two plants show non the out of ordinary, rebellious characters but an indictment of this order by demoing it as it is. The laterality of the system is such that the individualities of the two female supporters are already erased and when the sexual force occurs it leaves many ripplings in its aftermath. Rape is non an extraordinary occurrence in instance of both the communities. We know already in The Bluest Eye how Frieda and other misss are sexually harassed ; in Windflower excessively, colza is taken passively, philosophically, by the community. Of class in Pecola ‘s instance it is an incest-rape, by her ain male parent but the response of the community is rather indurate about Pecola, â€Å" Ought to be a jurisprudence: two ugly people duplicating up like that to do more ugly † ( Morrison 149 ) . Overtly, the society allows them to be, does non exorcize them, but covertly, has small agencies or desire to fault the perpetrators, allow entirely penalize them. In both Windflower and The Bluest Eye we find the pull of opposite forces in the hunt for individualities by the supporters from the Eskimo and the African communities. This consequences merely when a land becomes a battlefield of two postulating political orientations or of tradition with a strong capitalistic civilization. We find this capitalistic angle in both the novels. Dorothea Drummond Mbalia has really clearly done a Marxist reading of Morrison ‘s novels and contended that in her initial novels Morrison shows a turning consciousness of capitalist economy as the most powerful and destructive of Western forces that oppress the people of African heritage. Elsa ‘s love for her boy is unconditioned in malice of her colza by an American soldier and the divided consequence: her boy is half Caucasic, half ‘south ‘ . She wants to give him the benefits of the white, Western civilization and yet she wants to continue in him the North, Eskimo civilization. But this happy via media does non work. It is non merely something innate or familial in her boy that makes him portion off from her and her Eskimo civilization. The laterality of the ‘central ‘ white civilization with its attractive forces, cultural and economic artefacts and gear is such that Jimmy ‘s acceptance of the white civilization and rejection of the Eskimo ways is non surprising. In Pecola ‘s instance, the forms of laterality, non merely of the society, but besides through household, with a rummy for a male parent and an unloving female parent, are so overpowering that she can non afford to take or to reject. Pecola might hold been less unfortunate were she self-dependent in economic footings. She is in a worse status than Elsa, as her witting and subconscious have non become strong plenty to know apart or to judge. Unable to make up one's mind, take or fly, she takes resort in a fetish, which provides but a impermanent consolation and erodes her active cognitive module. The support of sympathetic but immature and powerless friends like her does non work as a strong physical or mental support system against the oppressive worlds at place and in society.

Do's & Don't for Educational Facility Planning Project Essay

Do's & Don't for Educational Facility Planning Project - Essay Example The space should be standard and as per the recommended guidelines. The planner should fit the available finances into the standard plan rather than fit the plan into the available finances. In such a case, there will be concern towards achieving the correct space for present as well as the future. In the development of an approach that will settle the scores between the budgetary constraints and educational requirements. Care should be taken in avoiding an approach that will constrain the facilities due to the available cash. It would be better to develop a few compulsory facilities and leave space for future developments, rather than develop all facilities, but with constraints. This approach will aim at ensuring quality. The facility aims at providing comprehensive educational specifications that link the education programs offered with the design of the facility. In achieving this objective, all features necessary for a certain facility should be incorporated into the design. This will involve the use of relevant personnel. Proper documentation should assist in ensuring the proper steps are followed. The planners, should thus, use the resources available at their disposal to ensure that they get the requirements for the facilities right and not focus on what they think is right. They should apply facts, procedures and standards in determining the requirements. There should be proper communication between the designers and the educators, whereby the educator is responsible for stating what is required and the designer is responsible for stating how the requirements are met. The educator has the requirements in a theoretical perspective and should not be involved in determination of the design. The designer is responsible for ensuring that the required and stated specifications are met fully. The process of planning for the education facility at hand requires consultation with experts, who are responsible for approving some of the required

How has the 2010 earthquake in Haiti affected the tourism in Haiti Research Paper

How has the 2010 earthquake in Haiti affected the tourism in Haiti - Research Paper Example In fact after WWII, Haiti was among the leading countries that had taken advantage of the international tourism that had aroused from the global economic restoration. This had created in Haiti an estimate of more than 60,000 direct and indirect jobs, contributed a 3.5% share to the country’s GDP, and earned an annual income of $50 million. (International Monetary Fund 34) According to Americas, during 1950s and ‘60s Haiti had been one of the strongest competitors in the tourism industry in the Caribbean (qtd. in Pawlowski 1). However, the development of tourism in Haiti has been historically lopsided and marred with many setbacks. Even during the most auspicious times, Haiti’s tourism has never attracted a significant portion of the total Antilles tourist market. Only Labadie on the northern coast has achieved consistent success, being the docking site of tourist cruises in the Caribbean (Lundahl 64). It was in Labadie where the Royal Caribbean Cruise Line has bee n landing in Haiti for nearly 30 years, without informing tourists that it is actually part of Haiti, instead referring to it as an ‘island’ on Hispaniola (Lazar, par. 12-3; Pawlowski 2). ... ne Preval in 2004 has brought a slow yet better changes to Haiti, such as, a stabilizing Haiti’s political climate; a steadying economic growth since 2006 (Lies 43-4) with an improved annual growth rate from 1.8% (2005) to 2.4% (2009) (International Crisis Group 8); and positive prospects to Haiti’s tourism industry. In fact, before the earthquake a number of positive indicators show renewed interest for Haiti as a tourist destination in the Caribbean. For example, the Choice Hotels plans to establish two hotels in Jacmel, Southern Haiti; a second international airport in Cap-Haitien is to be built by Venezuela; and a positive review and promotion on Haiti as one of the most exciting travel destination is being plugged by Lonely Planet. (Pawlowski 1-2) Seeing tourism more from an economic perspective, which Pearce defined as â€Å"tourism’s ability to generate income, jobs and corporate profits, bring in foreign exchange, boost tax revenues, diversify the econom y and aid regional development,† (qtd in Pearce 4) despite its not yet so stable political climate and fragile security situation, Haiti’s tourism is getting its boost to improve the country’s poor economy. Then in one instant, a natural disaster had crumbled to the ground the small gains yet vital start to bounce back Haiti’s tourism, leaving Haiti in a far more dismal state. Earthquake in Haiti’s Tourism Even after the largest and most devastating earthquake that had ever hit Haiti on the 12th of January 2010, Haiti’s tourism is still widely seen to be the country’s key to economic recovery, citing northern Haiti, which fortunately was spared of the earthquake wreckage, as the country’s focus of tourism development (Smets, par. 8). With the earthquake having literally ruined Port-au-Prince

Working with and leading people Assignment Example | Topics and Well Written Essays - 2000 words

Working with and leading people - Assignment Example Without which, an organization may not be operated in a successful way in the market. This is because, in order to manage the human resource of an organization, a leader or a manager plays a very vital role. He motivates the employees towards the roles and responsibilities of the organization for amplification of its product portfolio in market. Task 3 A P10-Overview Leadership is described as the procedure with the help of which an individual might influence other members within a group. It is done, to attain the goals and objectives of an organization or a specific group. However, the leader tries to make intimate relationship by making interpersonal communication with the other members so as to evaluate their inner ideas and views. This might help the leader to act accordingly so that, both the needs and desires of the employees as well as the organization might get fulfilled. By applying the leadership skills and knowledge, the leader tries to motivate the employees towards their duties and responsibilities. Only then, it might prove effective for the leader for the organization to achieve its goals and objectives in long run. Discussion Leader is a very respectful position within a group. One, who may manage and organize all the functions of a group, is depicted as a leader of that association. Once, while working in the organization of Colgate-Palmolive, I attained the opportunity to lead a group of members. Such a decision is taken by the management of the organization of Colgate-Palmolive to make a presentation on the importance of leadership and the essential skills and talents required by a leader. After hearing the decision, it was in a dilemma, whether I might be able to motivate the members of the group to attain the target or not. However, very soon, I sort out my dilemma by thinking about my interpersonal relationship with all other members. It was my most important strength to maintain a group or motivate the group members. With the help of my i nterpersonal communication skill, I easily motivated all other members towards the objective of making the presentation successful among other teams. Other than this, I also influenced the members by presenting the idea of â€Å"Reward or incentives†, on attainment of targets (of making an effective presentation). This idea, proved extremely effective for the team mates and they became quite confident and dedicated towards their duties and responsibilities of the organization of Colgate-Palmolive. This helped them to attain their goals resulting in fulfillment of my objective as well. Side by side, it also helped me in reducing the rate of conflicts among my team mates thereby amplifying their interpersonal relationships. As a result, the desire to help one another might also get enhanced that proved extremely effective for both employees and Colgate-Palmolive as well. Moreover, at that time, I also helped my team mates with varied types of ideas and details so as to make the presentation effective and informative. So, such an activity would remain always fresh in my minds. P11- Effectiveness of the team in attaining the goals A team comprises of a group of individual, who work in a coordinated way for the achievement of a common objective or goal. In order to fulfill an objective, it is extremely essential for the members to perform the duties in a harmonized and careful way. However, in order to make the objective successful, it needs to be designed in a SMART manner. This means that the objectives are specific, measurable, achievable, and relevant and time specific. So that, all the

Russian revolution Essay Example | Topics and Well Written Essays - 1000 words

Russian revolution - Essay Example 'What Is Happening in Russia' was one of many documents written and published by Vladimir Lenin while he lived outside of Russia; these were distributed throughout his home country and eagerly awaited by the activists and Communist thinkers he had left behind. It was with this chapter that Lenin first publicly commented on the events that had occurred prior to publishing; specifically the worker protests that had occurred in Russia between the self-declared proletariat and the Czarist forces. The military forces triumphed, but Lenin and the rest of the world looked on the Russian activists as the instigators to a revolution that was only just beginning. Students of the Russian Revolution have always read reflective essays and texts concerning the events that led up to the Russian Revolution, but rarely do they have a glimpse of first-hand doctrine and commentary from that era, specifically in the years before the major conflicts. Not only do primary sources heighten the learning experience and give first-hand context to historical events, but to read the words and thoughts of someone as integral to the Russian Revolution as Vladimir Lenin gives an entirely new slant to basic course studies. Through this piece of writing, one can get a feel not only for the attitude of Russians at the time, but of foreign countrymen as well. At the time Lenin wrote this piece, he had been a victim of prejudice for his political views for so long and to such an extreme extent that he didn't feel safe living in Russia anymore. His writing was a way for him to stay connected with the Communists at home in Russia and to continue inspiring them to want change. Lenin believed that the masses in Russia were largely unaware of their poor position in the strict class society, but that with persuasion they were slowly coming to terms with it and looking for a way out. The worker protests that occurred in the early 20th century clearly gave Lenin hope and a small sense of pride in his countrymen for their efforts. He did believe, however, that the failure of these protests called for pause and reflection so that future revolts might be more successful. When 'What Is Happening in Russia' was published, it was before the major events of the Russian Revolution had yet occurred; because of the timing of this piece of writing, students will be able to cultivate an excellent knowledge of the atmosphere of the times. Lenin references the growing unrest among Russian workers towards their classist, Czarist system, as well as their growing willingness to become proactive in changing their own lives and the lives of millions of disenfranchised Russians across the entire country. He refers to the Communist activists as "taking their first tentative steps" towards change and equality, "defining their objectives" in protest. Because of his position outside the country at the time, Lenin makes several references to international misunderstandings of the Russian state of mind, explaining that although foreign newspapers were mixing up their terms in reference to Russia and its protests, the basic opinion of the international community was that these outbursts of the public were the beginning of something bigger. He

The report of the application of systemic and complexity thinking in Essay

The report of the application of systemic and complexity thinking in organizational development - Essay Example The author’s further examination reveals that some leaders embrace and easily adapt to a liberal manner of thought in which new concepts and ideas are developed while others are stuck to a conservative way of thought or liberal thinking. The organizational leaders that are stuck to the conservative way of thought have no interest in understanding the systemic and complexity of thinking. This lack of interest prevents them from adopting the thinking strategy and consequentially, they cannot be able to enjoy the benefits of liberal thinking since they are stuck to making decisions which are on the basis of conventional linear thinking. If a person wants to adopt the systemic and complex way of thinking, they need to ask themselves some several questions. Some of the questions that the author has presented as very important in asking oneself in order to help a client or person to appreciate the limitations of linear mechanistic thinking are; how does the organization view itself within its existing environment?; what is its purpose; what are its challenges?; how are its relationships with others?; what is being done and what is not being done?; among others that will be pointed out later in the essay. It is also important that clients not only understand what systemic and complex thinking entails, but also get to possess the necessary knowledge and skills to help them practice this skill even with the absence of a consultant. Analysis of Opinions The author emphasizes on the need of understanding organizational development and its work and how systemic and complexity thinking can be applied in real terms. The consulting work of organizational development creates an opportunity for applying systemic and complexity thinking to practical issues. Consultants describe their work as giving help to people that work in organization in order to achieve the results that they are all aiming for. However, this is only but a theoretical definition. Learning and personal development processes can be established through effective organizational development efforts. Organizational development is therefore aimed at implementing change through a better understanding of how complex, adaptive systems operate. The relation of this to leadership is that for a leader to initiate change, they first have to take into consideration the reactions of the organization and members of the organization as a whole. This is because change has the capability of enhancing the performance of an organization in either a positive or a negative way. This therefore leads to changes in the cultural behaviors of people within the organization. Process consultation is a branch of work in organizational development. Through this process, a client is able to understand the process activities that are taking place in their environment and get to know how to act upon them. This process as part of systemic and complexity thinking helps the client and the organization to have a bette r relationship with each other. It also helps the client to get in to a place of reflective learning and personal discovery. Therefore, in essence, the leadership, through process consultation, is able to build the client and also build their organization. They build the client since they give the client a chance to provoke their thinking to one of complexity.As pointed out earlier, this helps in improving the consultant-client relationship. When the bond between these

Business law- legal issue Essay Example | Topics and Well Written Essays - 1500 words

Business law- legal issue - Essay Example A problem usually arises where promoters of a limited liability with different financial muscles and capabilities are unable to agree on corporate affairs. Majority shareholders may think of excluding the minority shareholders and they begin carrying out the activities of the corporate as their individual business but under the veil of incorporation. The minority shareholders are such that if they hold less than 50% of the share of the company and they do not have controlling shares. Also they could also have majority shares but without a voting right. It is at this juncture that the minority shareholders may feel that there is unfair treatment and by the majority shareholders (Joffe, 2011). The minority shareholders are likely to seek various remedies available to them under the law. Minority shareholders may be oppressed in various ways which include but not limited to the; denial of involvement in management of the company, denial of fringe benefits such as scholarships by the com pany, denial of business with the company even where they don’t participate in the procurement and tendering process. The majority shareholder may also misapply the funds and capital of the company for their own benefit to the detriment of the company and minority shareholders. ... The first remedy may involve a derivative Suit. This is as general rule where a company should sue and be sued in its own name. The company should protect its own rights from third parties and even from individual officers and majority shareholders. Institution of suit, more often than not will require a resolution of the shareholders or by the directors. However it must be appreciated that a company can only act through its agents to wit directors. However whenever the majority shareholders or directors unreasonably refuses to institute legal proceedings against a party so as to protect the interests of the company, the minority shareholders are allowed to institute a suit so as to protect the rights of the company. Such a suit is known as derivative action. There are a number of reasons why the directors are refusing to initiate proceeding such as the suit would be adverse to one of the directors, or an officer of the company. This suit may also be instituted where the directors ar e in breach of fiduciary relationship (Hughes, Pendleton and Toren, n.d). The shareholder(s) instituting these proceedings must show that their intention is to protect the interests of the company and the suit is not being used to blackmail the company to either do or omit to a thing. The shareholder(s) must also show that the company stands to suffer prejudice if the derivative suit is not instituted. It is important to note that this suit is usually brought under the name of the company at the instance of shareholders against the interest of the majority shareholders and the directors. This suit can also be brought against a director or an officer.

How the emotion affects the person Essay Example for Free

How the emotion affects the person Essay In the modern world, emotions play such a large role in almost everything people do, it is hard to make a decision which will get the most desirable results. It is true, however it is looked upon, that decisions and choices are mainly made by the emotion that the person is feeling towards the topic. A kind person will go join the Peace Corps and help aide the poor and starving, while a person with no pity towards much of anything will not care enough to do something of that nature. Pity is one of the key emotions in making decisions. If someone feels sorry for another individual, they are much more likely to go out of their way to help this person. Whether it is from dropping a few coins into a beggars cup, or just helping out a friend, people have to go out of their way because of pity. Pity is more than a simple emotion which can lead people do to things for others, however. It can bring upon new feelings within an individual and help them to achieve a higher level of consciousness. Decisions are intertwined with everyone in the worlds lives, and if they do not begin to see the reasons behind their decisions, it could have devastating results. Pity towards an individual can have an effect on almost everything in the world. Whether it is bargaining for the price of clothing, to giving money to a poor person, there can be all kinds of changes depending on a persons circumstance. This, however, is not a good thing because there are always people in the world who do not care about others and can con someone and take advantage of them. Although pity can be good or bad, it is mainly shown as a sign of weakness in a person. It can make someone decide to do irrational things for another and bring them in danger. People say that having a ruthless leader would be bad, but they are wrong because being ruthless does not mean being evil or mean, it just means knowing that feelings cannot get in the way of decisions. Emotions are much more than influences in our decisions, however. They play a key role is almost everything in the world. If there was no emotion in any novels or movies or anything of that nature, how would we be able to enjoy life? Music is basically an extension from our own human emotions, and that is why music can be integrated in much of our situations of life. In movies, it would not sound right if a swinging beat was used in a war scene, or vice  versa. Thus, it is simple to say that emotions do play a role in our lives. The effects of emotions in our lives can vary from person to person, but no matter how hard someone tries, they cannot escape having and feeling these things. Whether it is good or bad, choices are made depending on the emotions involved in the consequences. Pity is one of the major feelings dealt with when faced with a decision about another individual. Are they poor? In need of help? These are both basic questions that are asked to oneself when deciding on what to do in a situation. Although it is impossible to stay out of the grasp of emotions, it is very possible to realize the effects of them, and make decisions based upon the knowledge at hand.

Term welfare Essay Example for Free

Term welfare Essay Government benefits provided to people with little or no income are referred as welfare benefits. The term welfare can refer to a number of different programs in the United States, but often refer to cash assistance. In some cases, this money may be used however the recipient wishes. In others, the money can only be used for specific uses, such as food stamps that can only be used to buy groceries. The welfare state expands on this concept to include services such as universal healthcare and unemployment insurance. To what extent are welfare measures necessary in democratic countries ? What can be the abuses and how could we solutionate those 1/ the importance of welfare Health Care A primary advantages of welfare benefits is promoting the health of the people receiving the benefits Since there is a general correlation between income and health. People who have no income and no health care will, statistically, live shorter and less healthy lives than people who have enough income to buy proper food and to pay for medical care. Support for Children While many adults are able to make choices about how much income they choose to earn, children cant . Children must generally rely on the money that their parents are able to make. Welfare payments, particularly those that are directed for the care of children, allow children to grow up with better nutrition, medical care and possessions that make for a more comfortable standard of living. Lower Crime The provision of welfare has been shown to lower crime. Although some may argue that welfare constitutes a bribe, providing people with some income takes away an incentive to commit property crimes designed to provide the person with money or property. Welfare alleviates some of an individuals economic need, thereby lowering crime and increasing the general stability of society as a whole. Income Distribution Another advantage of welfare benefits is that it more evenly distributes a societys wealth. Some many consider this a benefit in itself. However, others may consider providing money to people who did not earn it to be unfair. There is, according to Arnold, a demonstrated correlation between income distribution in a society and that societys stability. Societies with greater inequities in wealth generally suffer more social and political turmoil. Social welfare programs today provide assistance to the elderly, the unemployed, the disabled and the destitute. While these may at first glance appear to be noble undertakings, there are some who suggest there are disadvantages of the programs, both to the individual and to society as a whole. Among some of the majors disadvantages suggested is the high cost of these programs. Opponents of social welfare programs often argue that governments simply cannot sustain the cost of providing financial support to so many elements of society. Between 1984 and 2002, social welfare programs, including Social Security and Medicare, accounted for between 49 and 60 percent of federal government spending. Disincentive Pointing to Harvard University Professor of Economics Gregory Manikws 10 Principles of Economics, opponents suggest social welfare programs, particularly for the underemployed or unemployed, create disincentives for people to find gainful employment. Manikw asserts that people respond to incentives. For example, they work because there is an incentive to earn an income and support themselves. Social welfare programs risk removing this incentive by providing income for someone who is not working or who is unwilling to work, meaning they no longer have a need to produce. Sponsored Links Modà ¨les de Lettre Tous modà ¨les de lettres et documents sur lettres.net lettres.net Economic Impact According to Mankiw, a societys standard of living is dependent on its ability to produce goods efficiently. More workers producing more goods increases the economic output of a society, thereby increasing the amount of income. When people lose the incentive to produce, the nations productivity goes down and income decreases. This can in turn increase the burden on governments to support the welfare system and result in ever higher costs. When governments print too much money, the rate of inflation increases, raising the price of goods for everyone. Government Control Many opponents of social welfare programs suggest these programs create circumstances in which governments gain too much control over individual citizens. Citizens who rely on government programs for income and sustenance are in a position to allow government to have more say in their individual choices. Opponents argue that social programs allow governments to impose rules on day-to-day choices of welfare recipients because the government is paying for the services. Proponents further argue that even if government does not currently impose such rules, they may assert their ability to do so in the future.

What Is The E Commerce Information Technology Essay

What Is The E Commerce Information Technology Essay What is the E-commerce. For todays society, the E-commerce is plays an important role in the world. That also call Electronic commerce, it is a term for any type of business and also involves digitally enabled commercial transaction, which involves the transfer of information across the internet. Commercial transactions are also involving the exchange of value across organizational or individual boundaries in return for service or product. E-commerce simple explanation is some company; wholesalers and suppliers are through auction and based retail sites to do business exchanges trading goods and another service between those business companies. Now many countries using E-commerce to commercial transactions involving an exchange of value across organizational boundaries for their own business to another country. Those have seven unique features of E-commerce technology and significance on some retail sites for attract more customers, increase their business and also allowing customers around the world to facilitate free trade for all. These types of E-commerce are different trading on business. From now the E-commerce are allows consumers to easily electronically exchange goods and goods with no barriers of distance of time. In the near future the E-commerce has rapidly expanding and more businesses are move sections of their operations onto the internet. So the E-commerce is currently one of most important aspects of the internet. 3.0 Answer of Question 1 The computer network in the developed world now, many people like to use e-commerce website for shopping, Company derives revenue by selling goods, information, or services to customers. For example website has ebay.com, amazon.com, mudah.my and so on. These web pages are e-commerce website; this is because the ease of placing an order online has brought the buying public to the internet sales for customer convenience. The e-commerce website which has all kinds of goods; the goods include smart phone, watch, education book, musical instruments and so on. Each e-commerce website has the own seven unique features of e-commerce technology. I will choose www.amazon.com e-commerce website assess it in terms of seven unique features. www.amazon.com 3.1.1 Ubiquity The amazon.com e-commerce website first unique feature is ubiquity, it is so important unique features for those user and costumer, and this is because the marketplace is created or extended beyond traditional boundaries and removed geographic location. It is so easy for customers online shopping as long as they can online in another place or any time and makes it for customer convenience enhanced. This features is so amazing because internet technology is available everywhere and any time for customers online shopping, this features make it be convenience and save time to go to a particular store to buy a goods, as long as have the internet online for buy the goods. 3.1.2 Global Reach The amazon.com e-commerce website second unique feature is global reach. The e-commerce technology allows commercial transactions to national boundaries and cross cultural far more conveniently and effectively as compared to traditional commerce. For now technology is reaches beyond national boundaries to every country and the e-commerce is enabled across cultural national boundaries seamlessly and without modification, if we have an e-commerce global reach on the world, the marketplace must be include potentially billions of consumers or the millions of business. This feature can concentrate the e-commerce on the world marketplace and easy to increase the website online sales and promote the national goods to another country. 3.1.3 Universal standards The amazon.com e-commerce website third unique feature is universal standards. The universal standards feature is stands shared by the world. It gives us all the connections on the same level capability, which provides network externalities, will benefit for all. There is one set of technology standard and namely internet standards. The universal standards significance is reduce the product search cost and by creating a single, one world market place and where price discovery become simpler, faster and more accurate. Because the lower market entry costs so its easy to attract customers and searching their goods to get a nice offer. It also can easily find all the suppliers and prices, many stores will also called all their other stores or get it from their site shipped to the store, so customers dont have to go anywhere. And the last is delivery terms of a specific the product to anywhere in the world, delivery is very convenient thing, you do not have to personally go to the store g et yours goods, as long as you are willing to pay for transportation costs, it can be deliver it to your home. 3.1.4 Richness The amazon.com e-commerce website fourth unique features is provides information richness, for now e-commerce technology have to change the traditional trade of between Richness and the reach for example, the e-commerce website design have the text messages, audio and images for change the traditional trade and get more powerful selling environment. The internet and web can deliver to an audience of millions richness marketing message in a way not possible with traditional technologies like radio, TV and magazines. 3.1.5 Interactivity The amazon.com e-commerce website fifth unique feature is interactivity, it means is the technology that allows two way communications between merchant and consume. The technology software for example Skype and MSN also can allow two way communications similar to face-to-face experience but only on a massive global scale. The consumers are engaged in a dialogue that dynamically adjusts the experience to the individual, and make the consumer a co-participant in the process of delivering goods to the market. E-commerce interaction is much better, because companies can interact with a much larger scale. E-commerce can be more easily and efficiently from the collection of the information consumers with surveys and forms. 3.1.6 Information Density The amazon.com e-commerce website sixth unique feature is increase information density, which is given the amount and quality of information available to all market participants. In the e-commerce website is need to give more information for that goods for example is information processing, storage and communication cost drop dramatically while accuracy and time lines improve greatly. The goods of information should become more plentiful, accurate and cheap for customers more attractive and interesting to the goods. 3.1.7 Personalization The amazon.com e-commerce website last unique feature is personalization; it is technology allows the personalized messages to be delivered to individuals as well as group. This is represent follow some customers purchase record or the website member to send some e-mail about the e-commerce website new product and some about the product information or give the new offer to customers. Personalization of marketing messages and customization of products and services are based on individual characteristics. 3.2 The unique features implement well and poorly features The www.amazon.com e-commerce website unique features in implement well is Information Density features, this is because this e-commerce website have very detailed about the products information. For example the smart phone or digital cameras those products have the screen, audio, battery and highest quality of information, this feature can let you more easy to know his technical performance, appearance, special features, advantages and disadvantages. Â  This information of product can affect customers attraction for the product and confidence in the product. However the more poorly feature is universal standards, the www.amazon.com e-commerce website no part of lower market entry costs to search their product to get the nice offer, if wan find out the lower market need to search one by one on website. 4.0 Conclusion of Question 1 In my opinion, the www.amazon.com is a very useful and amazing e-commerce website. According to my investigation in many countries are using the www.amazon.com by e-commerce online to pre-order and buy their product, include country have Brazil, Canada, China, Germany, Japan and so on. But still have the most poorly feature need to improvement, in my suggestion the part of universal standards feature. The website should improvement the new development on lower market entry costs for customer, it can let customer easier to search the lower cost products and get the offer. After the improvement, in future is likely to be able to become the most successful e-commerce website. If we lose the e-commerce website it will cause us purchase the product very inconvenient and purchase hinder. The e-commerce website is act a very important role now; we should make good use of this e-commerce website. 5.0 Introduction of Question 2 On now the society, most of the people because of their busy work reasons and lead to them no any idle time to go shopping center or some shop for purchase all their need. Therefore they only can use online purchase their products on e-commerce website for daily necessities. Online daily necessities stores are also increasing in popularity, and will continue to increase as the internet grows. Online shopping can let us convenient to buy and easier to get the information of the products, so that is very important for us. Whatever buy the product through online include have the pros and cons of online purchase. At last I will explain all the advantages and disadvantages of online purchase. 6.0 Answer of question 2 6.1 The products I choose to purchase though online and reason I had bought two products through online e-commerce website, thats a laptop and the limited addition wristwatch. The first I choose to buy product is the laptop, this is because the laptop brand is the Alienware M17x laptop. This brand Alienware M17x laptop was no stock of sold on Malaysia and those brands only sold at some country like the Australia, the United States and Japan. However only have one way to get this laptop, which was through the online purchase to get it. My second choose is the limited addition wristwatch, because that wristwatch is the limited addition and the form and function of wristwatch was ideal. But the wristwatch only sold at Kuala Lumpur and it is so many customers snapped up. I choose this product through online purchase because I was not living in Kuala Lumpur and I need to pre-order at early on their website to get the wristwatch. 6.2 The advantages of online purchase The first advantage of online purchase is easily to choose the best products. We can get the products easily only by sitting in front of my computer with the few buttons to click and looking for the best website to sell the product. Therefore we without moving around on shopping centre store for this also can without driving around on round, wasting gas and the most important is save more time. The second advantage of online purchase is the opportunity to choose the product. We can choose many website and search many types of products as we want, at these website there have to show information of product for example the function and warranty of the product, these way does let u more understand to every product. We also can check youre the price of product to compare with every website to choose most reasonable price. The third advantage of online purchase is the easily done payment. We can easily using our credit card to done the payment for the online purchase at home, and another w ay is just go someplace of bank ATM machine to bank in for those website bank account for the payment. The last advantage of online purchase is available all the time to order your products on that website, whatever anytime and anyplace we also can purchase the item and delivery to your home. Sometime have the limited products haven release to market sell and then we can pre-order at website on early. 6.3 The disadvantages of online purchase The first disadvantages of online purchase is need a long periods of time to receive your products and the postage. We usually need to wait a long periods of time because sometime is post office could be delay on the delivery problem and this can even take up to a month or longer if being shipped from overseas. The sipping cost also the serious problem, this is because we should pay the expensive postage for delivery, and especially products delivery from overseas to our country, this sipping cost will be extremely high in comparison on your product. The second disadvantage of online purchase is we are sometimes too confused of looking for the most reliable online shop that sells the product. Because have some e-commerce website is imposture for sell their imposture products or defrauding our money, sometime you view the product image on the website is a beautiful and intact product, but when u thought online purchase and receive the product, it will be different quality or shoddy ve rsion. The last disadvantages of online purchase is fraud your money or credit card, when you bought products through online and make a payment to order the product have a chance to let them fraud. 7.0 Conclusion of Question 2 In my conclusion, I suggest to use the online purchase as well as be careful. Because the online purchase can give us a lot advantages on shopping, it was save time and cost for today social. However it still has the disadvantages of online purchase, so we must prevent and be careful to observe the website is honesty or fraud. The online purchase is great and it bring a lot of convenience for human, my only advice is be safe, be smart and make sure youre buying from a reputable website. Do your research just like you would any other store.

Austens Manipulation of the Readers Emotions Towards Characters in Pr

Austen's Manipulation of the Reader's Emotions Towards Characters in Pride and Prejudice In her novels, Jane Austen employs the timelessly effective characterization agents of dialogue, action, and point of view to cleverly manipulate the reader’s emotions towards the characters. Austen successfully creates heroins in a time that it was not social acceptable to think of women in a heroic role. She is so successful in applying these characterization techniques in her story lines that she molds a positive feeling towards strong females without the reader even realizing the influence the author’s agents have had, at the same time creating a very entertaining story. In Pride and Prejudice as well as Mansfield Park for example, Jane Austen creates characters who are some of the finest products of strong and intelligent women, yet do not loose their femininity, of our civilization. She accomplishes this feat by using the dialogue and action of the characters to manipulate the reader’s feelings towards these women. Austen also uses irony, satire and humor in all of her novels to show how ridiculous conventional Victorian country life was. She had a plethera of social commentary to make, and although women in her time period were conventionally outspoken, she used her novels as a means to show women could be intelligent, humorous, and strong without loosing their femininity. Jane Austen was a child of the Enlightenment, an age when reason was valued while many romantic traditions were slowly coming to light in society. As one of the educated and intelligent women emerging from this era, Austen used the character of Elizabeth Bennet, in Pride and Prejudice, to epitomize the harmonious balance between reason and... ...he more valuable when contrasted with that of Kitty and Lydia, where Lydia simply encourages Kitty in foolishness and is insensitive to her when she is upset. Her high spirits,which can be construed as flirtatious, also attract Darcy to her, as illustrated by her demand that he help to sustain a conversation between them when they dance together at the Netherfield ball. Her character is in no way unfeminine, and it is no wonder that Darcy is attracted to her after he comes to know and understand her. From this, we can see that Austen has managed to create her ideal woman in Elizabeth. Her strength and intelligence are qualities that make her respectable and admirable to any man or woman, but the fact that she possesses a softer, feminine side makes her genuinely attractive in the eyes of the reader, and helps us to better appreciate her other qualities.

The Pastoral Setting of Shakespeares As You Like It :: Shakespeare As You Like It Essays

The Pastoral Setting of As You Like It    Central to the pastoral vision of As You Like It is the setting in the Forest of Ardenne, especially the contrast between it and the ducal court. In the former, there is a powerful political presence which creates dangers. Deception lurks behind many actions, brothers have secret agendas against their brothers, and people have to answer to the arbitrary demands of power.    In the Forest of Ardenne, however, life is very different. For one thing, there is no urgency to the agenda. There are no clocks in the forest, and for the exiled courtiers there is no regular work. They are free to roam around the forest, prompted by their own desires. There is plenty of food to eat, so the communal hunt takes care of their physical needs. That and the absence of a complex political hierarchy creates a much stronger sense of communal equality hearkening back the the mythical good old days. The exiled Duke himself attests to the advantages of living far from the court, free of the deceits of flattery and double dealing and welcomes Orlando to the feast without suspicion.    And, most important here, especially in comparison with the history plays, is the importance of singing. As You Like It is full of songs-not performances by professional court musicians, but impromptu group singing which expresses better than anything else the spontaneous joy these people derive from life in the Forest and the joy they give back to others. The songs indicate clearly the way in which in the Forest people can shape their actions to their moods-a situation totally unlike the court where one has to consider one's actions much more carefully.    Hence, the Forest of Ardenne provides for the exiled courtiers an important freedom to experiment with their lives, to discover things about themselves. In the Forest people can talk openly with whoever they might happen to meet on a stroll through the trees, and that might be anyone, given that in the Forest no one owns any particular territory (there are no rooms, palaces, roads-unlike the court where there is a preoccupation with property) and thus one might well meet and have to deal with a person whom one would never get close to in the court (that can have comic results, of course, as Touchstone's conversations with Audrey and William demonstrate).

Mckinsey’s Knowledge Management

Competitive Advantage over other firms – Unique Resources and Capabilities Bower’s Vision – Development of Unique Organizational Culture First Mover Advantage Between Marvin Bower, Ron Daniel, and Fred Gluck, who was the most effective strategic leader? Why do you think so? Upon evaluating each individual’s strategic leadership ability based upon the six elements of effective strategic leadership, we concluded that Fred Gluck was indeed the most effective of the three individuals. The six attributes which a strategic leader can be compared against are listed below. We found that Fred Gluck’s contributions were more pronounced in elements 1 through 4, and where there was not enough material in the case to support any arguments for or against Gluck’s superiority in elements 5 and 6 (Establishing Ethincal Practices, and Establishing Balanced Organizational Controls) we can assume that the contributions of all leaders were similar, or differences were not significant. Determining Strategic Direction Exploiting and Maintaining Core Competencies Developing Human Capital Sustaining an Effective Organizational Culture Emphasizing Ethical Practices Establishing Balanced Organizational Controls {draw:frame} Determining Strategic Direction Exploiting and Maintaining Core Competencies At one time, Daniel realized that most of McKinsey’s knowledge was spread all over the company, and was not codified. Apart from a few publications (Peter’s and Waterman’s In Search of Excellence and Kenichi Ohame’s The Mind of the Strategist), there was no way of tracking what breakthroughs might have been achieved in certain projects, or what might have been some of the creative solutions that had been applied to other client projects. Here too, the most concrete efforts to consolidate company knowledge were undoubtedly those of Fred Gluck: Gluck introduced the idea of â€Å"Practice bulletins† which were short two page summaries published and distributed company wide, which highlighting some of the new emerging ideas regarding how to tackle new projects. It was under Gluck’s instruction that the Knowledge Management Project was initiated in 1987, even a year before he became Managing Director. The recommendations of the Knowledge Management Project led to the creation of the Firm Pratice Information System (FPIS), and the Practice Development Network (PDNet). These Databases eventually became the backbone of â€Å"knowledge Management† per se – a place to electronically store written reports and documents so that they would be accessible to the entire company, therefore enabling the easier spread of ideas, knowhow, and previous knowledge implementations among consultants. The Knowledge Resource Directory (KRD) – popularly known as the â€Å"Mckinsey Yellow Pages† – was a small portable pocket sized consultants’ manual was also a breakthrough introduction that took place under Gluck’s supervision. Development of Human Capital – See â€Å"Consultant Development† above. Sustaining an Effective Organizational Culture An effective organizational culture for McKinsey would have been (or would still be) one which creates a strong synergy in employee interaction within the company, especially when its core competencies are â€Å"Human Capital† and â€Å"Knowledge†. Gluck promoted this synergy, by putting in place a structure that allow those synergies to grow. The FPIS and PDNet were important elements of that, as were the â€Å"Super Group† discussions which generated great new ideas for the company to build upon. In essence, Gluck as the leader kept encouraging and coaxing consultants to expand the company’s capabilities â€Å"mentally† also – within the minds of its employees. 3) Through application of the Balanced Scorecard and the evidence in the three mini-cases of front-line activities in the mid-1990’s, how effective was the firm in the 1990’s? As evident in the mini-cases, McKinsey was highly effective throughout the 1990’s in regards to the firm’s Balanced Scorecard. Financial Perspective McKinsey was highly effective during the 1990’s in respect to financial performance. After Fred Gluck’s change in strategic direction, McKinsey was able to double revenues to an estimated $1. 5 billion during his six year term as Managing Director. This type of sizeable growth had not been seen since the early years of the firm when it was under direction of Marvin Bower. McKinsey was able to compete with BCG through Gluck’s change in strategy and win back clients and skilled recruits. Customer Perspective With respect to the Balanced Scorecards customer perspective, McKinsey was performing extremely well. This was evident in the Jeff Peters case where his three person team was able to work with a highly respected financial services company in Sydney, Australia. They were able to have a strong client impact and added value to their client because of their access to knowledge, intellectual rigor and their ability to build understanding and consensus among a diverse management. Their client was extremely satisfied with their recommendations and believed that any failures would be due to the client’s own fault. By adding more value to their clients and increasing client satisfaction with the work McKinsey consultants provided, the client base grew thus leading to better financial performance. Internal Business Processes In each of the three mini-cases, McKinsey effectively used internal business processes to grow as a firm. In the Jeff Peters case, the knowledge necessary to provide quality recommendations to the client was accessed easily by scanning the Knowledge Resource Directory, the FPIS and the PDNet. This knowledge sharing is key in providing clients with specialized solutions and helping build the individuals. Also the constant flow of consultants across offices contributed to the transfer of knowledge. The end result of the case was the development of John and Patty, two of the team members, making them ready to take on a management role in their next assignment while still providing quality recommendations that the client was completely satisfied with. In the Warwick Bray case, the specialist promotion track and practice development was exemplified. Warwick was able to leverage his technological experience and become an expert on deregulation. Warwick was able to be promoted to a co-leadership role in the practice because he established credibility with clients and not because he had a broad-based problem solving skills. At the same time, Michael Patsalos-Fox, with the help of Warwick and Sulu Soderstom, was able to develop the practice. His first goal was to make the practice interesting to attract the best associates. Patsalos-Fox also created a practice-specific intranet link designed to spread knowledge that was more focused than the firm-wide systems like PDNet. Also in the Stephen Dull case, the B to B nitiative was established because Stephen had focused on becoming an expert in this area and developing the practice. He was able to establish credibility with his colleagues and with clients which led to more client impact. Although he was still uncertain about his promotion prospects, he was reassured that 15-20% of the firm’s partners would be functional experts within the next five to seven years. By effecti vely using its internal business process, McKinsey was able to have more client impact and customer satisfaction. Learning and Growth Perspective In the Jeff Peters case, the firm actually didn’t perform well in respect to learning and growth. The team had utilized the knowledge databases to create a recommendation that satisfied the client but they were disappointed that they had not come up with anything radical and innovative. The team was afraid that it had fallen into the trap of becoming too introverted and satisfied with their own view of the world. The best examples of learning and growth were demonstrated in the Warwick Bray and Stephen Dull cases. Warwick Bray is an example of the creation of an I-shaped consultant. He had specific knowledge of deregulation and spread his knowledge with executive clients and consultant teams. In Stephan Dull’s case, he provided an excellent example of the â€Å"stewardship model† the firm want to put in place. He had taken it upon himself to increase his knowledge of B to B and ended up helping create a new Center of Competence that provided more value to clients and increased knowledge of the consultants. What is your evaluation of Rajat Gupta’s â€Å"four-pronged† approach to knowledge development and application within McKinsey? What specific risks and benefits do you see for each of the four prongs? What specific advice would you give him to address the risks and leverage the benefits? Emphasis 1 â€Å"Capitalize on the firm’s long term investment in practice development driven by the Clientele Industry Sectors and Functional Capability Groups†¦ †¦Creating some new channels, forums and mechanisms for knowledge development and organizational learning† {draw:frame} Evaluation – NOT RECOMMENDED Emphasis 2 â€Å"Grass Roots knowledge-development approach called Practice Olympics†¦ â€Å" {draw:frame} Emphasis 3 â€Å"Six special initiatives multi year assignments focusing on issues important to CEOs.. † {draw:frame} Evaluation – NOT RECOMMENDED Adding another six dedicated centers over the already numerous pre-existing Clientele Industry Sectors and Functional Capability Groups will only add to the confusion. As it is, McKinsey is having trouble with the promotion criterion of its â€Å"Specailist â€Å"I† Consultants† where they are mostly left on their own, and it is hard to measure a specailist’s performance in his area when he is, infact, the only specialist of that area in the company. While it is getting difficult to measure contribution in these â€Å"tangible† specialist areas, it makes no sense to put in place another 6 departments focusing on â€Å"emerging issues of importance to CEO’s†. Given the changing dymanic of the consulting industry – or the entire economy given its jerks and bends, it is very likely that the issues too would change over the span of years that each of these â€Å"dedicated centres† plans to spend studying each issue. Already, Gluck’s emphasis on specialization led to the creation of â€Å"72 islands of isolated activity† which had to be trimmed down by the CPDC, this is similar to such â€Å"diversification†. Emphasis 4 â€Å"Expand on the model of McKinsey global institute†¦. † {draw:frame} Creating pools of dedicated resources that study economic trends, and are free from pressures of delivering results to clients, will definitely boost the self reliance of McKinsey on its own knowledge. By studying global and local trends – such as the present economic downturn situation or the effects on the environment, McKinsey will be able to pre-empt the kinds of problems that are likely to emerge in business today, and be prepared with a solution that is more fundamentally tied into, for example, an actually prevalent or emerging economic phenomenon or trend. Having its own â€Å"high-end economic research unit† for example, will definitely be a confidence booster for the firm consultants – they will always have an avenue to turn to if they need to validate any of their recommendations on a more fundamental level.

Performance management system Essay

A good PM system is the central nervous system of the organization since it is providing operational intelligence on a real time basis, indicating performance relative to goals, effectiveness and efficiency of programs and services, performance of processes, and customer. Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. This pAPER describes about the Performance Management System which is followed in many of the companies. This paper also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so that their efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives and empowerment. Whether An individual is Human Resource professional, a manager or an employee; chances are you aren’t thrilled with their performance appraisal view process. They are rarely easy or effective and they take up their precious time for little result. With Success Factors, the performance appraisal process is streamlined and impactful. It becomes simple for managers to agree upon goals and skills with the employee and then deliver constructive feedback on their progress. With clearly outlined goals, the process benefits BOTH the individual and the organization. A good PM system is the central nervous system of the organization since it is providing operational intelligence on a real time basis, indicating performance relative to goals, effectiveness and efficiency of programs and services, performance of processes, and customer. Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. This pAPER describes about the Performance Management System which is followed in many of the companies. This paper also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so thattheir efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives and empowerment. Whether An individual is Human Resource professional, a manager or an employee; chances are you aren’t thrilled with their performance appraisal view process. They are rarely easy or effective and they take up their precious time for little result. With Success Factors, the performance appraisal process is streamlined and impactful. It becomes simple for managers to agree upon goals and skills with the employee and then deliver constructive feedback on their progress. With clearly outlined goals, the process benefits BOTH the individual and the organization. A good PM system is the central nervous system of the organization since it is providing operational intelligence on a real time basis, indicating performance relative to goals, effectiveness and efficiency of programs and services, performance of processes, and customer. Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. This pAPER describes about the Performance Management System which is followed in many of the companies. This paper also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so that their efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives and empowerment. Whether An individual is Human Resource professional, a manager or an employee; chances are you aren’t thrilled with their performance appraisal view process. They are rarely easy or effective and they take up their precious time for little result. With Success Factors, the performance appraisal process is streamlined and impactful. It becomes simple for managers to agree upon goals and skills with the employee and then deliver constructive feedback on their progress. With clearly outlined goals, the process benefits BOTH the individual and the organization.

A Cultural Event I Ever Witnessed Essay

Kenyatta University is known beyond African continent for its annual culture week, an event during which activities that reflect diverse African culture are performed. The much awaited cultural week is characterized by songs, drama, poems, drama among other topical activities. I was privileged to attend the cultural week organized during the month of September, 2007 and held both at the universities cultural village and the finals held at the Kenyatta International Conference Centre, Kenya. The most interesting was a traditional song presented in one of the native languages reflecting the manner with which the interest of others present and could not understand the local languages were catered for. Most of the songs were presented by groups composed of members from different communities, a clear indication of the cooperation and sharing within the communities at that time. A great artistic skill was depicted in the manner in which the singing group combined the different sounds to produce an enjoyable song, with coming in at different times and parts. It was accompanied by both traditional and modern instruments, stringed, drums, the piano and projected by the loud speakers for many to be able to hear. The performing group wrapped a lesso on their bodies. However, most of the traditional costumes were missing, enough to predict that the communities were moving away from the traditional dressing codes. The song was introduced by two of the performers, who played different parts in turn, the dance was in pairs and the group also left the stage in pairs. Through out the song though at different points, tonal variation was employed and this caught interest of the audience. All these reflected a great style. The lead singer who happened to be a lady demonstrated a great ability in tonal variation and dancing more than others in the team. Others could be heard whispering that â€Å"she is genius†, and actually she was and in all her performances, none matched her. It was a fact that the song described above had a lot in common with other forms of cultural expression at that time. Other forms as well included more than one performer, and involved the use of sound to communicate. Many forms of expression adhere to a specific style during performance and involve some degree of individual inherent exceptional ability, even though training also efficiently enhance success of such forms. They are performed during a cultural event and need audience. However, in contrast, most of the forms of cultural expression at that time were in a common language (that is English language) and did not involve cultural accompamyments neither was dance a common characteristic even though some element of demonstration were evidenced. REFERENCES Cook, N (1990) music imagination and culture. New York: Oxford University Press. Bratton, J. S (Ed. ) (1986) music Hall: Performance and Style. Philadelphia: Open University Press. Sloboda, J. A (1985) The Musical Mind: The cognitive Psychology of Music. New York: Clarendom Press.

Administer Medicine To Individuals And Monitor The Effects

There are many common types of medication used in a care setting. These include Quinapril, Donepezil, Warfarin, Trazodone, Metformin , Paracetamol and Asprin. These all have different effects and side effects, listed below.Quinapril : This medication is used to treat high blood pressure. It works by decreasing certain chemicals that tighten the blood vessels, so blood flows more smoothly and the heart can pump more efficiently. With this medication individuals may experience many different side effects. These include: Dizziness, tiredness, cough, upset stomach or vomiting. More severe side effects include: swelling of the face, eyes, hands, feet or ankles, difficulty breathing/ swallowing, yellowing of the skin or eyes, chest pain or fainting.Donepezil: This type of medication is an anti- alzheimers drug, used to treat dementia. It improves mental function, such as memory and language abilities. It also allows the individual to perform activities of daily living. Donepezil cannot cur e Alzheimers disease but may slow the loss of mental abilities. Potential side effects of this medication include: nausea, vomiting, diarrhoea, loss of appetite, weight loss, muscle pain, headache, dizziness, depression, changes in behaviour, red, itchy skin and abnormal dreams. Some more serious side effects include: fainting, lower back pain, red blood in stools, fever, slow heart beat and bloody vomit.Warfarin: This medication is used to prevent blood clots forming or growing larger in the blood and blood vessels. It works by thinning the blood, decreasing the clotting ability of the blood. Potential side effects include: gas, abdominal pain, bloating, change in the way things taste, loss of hair and feeling cold or having chills. More severe side effects include: hives, itching, chest pain/ pressure, infection, nausea and flu like symptoms.Trazodone: This medication is used to treat a variety of mental health problems. It works by increasing the activity and levels of certain ch emicals in the brain which can improve symptoms of depression and anxiety. Potential side effects include: appetite gain, back pain, aggressive behaviour, blurred vision, blocked nose, chest pain, constipation, dry mouth, dizziness, headaches, itching, joint pain, memory problems, nightmares, tiredness, vomiting and weight loss.Metformin: This type of medication is used to control diabetes. It works by keeping the blood sugar levels under control. Potential side effects may include: nausea, vomiting, stomach pain, loss of appetite and taste changes. Less common side effects include: breathing difficulties, muscle cramps, liver problems and skin problems such as itching or urticaria.Paracetamol: This medication is used to ease mild to moderate pain such as headaches, sprains, toothache or the symptoms of a cold. It can also be used to treat a fever. Potential side effects can include: rashes, low blood pressure and liver and kidney damage.Asprin: This type of medication is an anti-pl atelet medicine, meaning it reduces the risk of clots forming in the blood, reducing the risk of a stroke or heart attack. Potential side effects include: nausea, bowel or stomach irritation and indigestion. Less common side effects may include: bruising, skin rash, vomiting and breathing problems.Insulin is a medication which demands the measurement of specific physiological measurements. This is because there is naturally occurring insulin in the body which needs to be checked at regular intervals to ensure the right level is being prescribed.Warfarin is another medication which needs to be monitered, in order for the correct levels to be prescribed. This is carried out using the international normalisation ratio (INR) which measures how long it takes for blood to  clot. This test may be carried out once or twice a week depending on the results.

Automobile Industry, India Automobile Industry Essay Example for Free

Automobile Industry, India Automobile Industry Essay Automobile industry (27) , Suzuki (5) company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints Following India’s growing openness, the arrival of new and existing models, easy availability of finance at relatively low rate of interest and price discounts offered by the dealers and manufacturers all have stirred the demand for vehicles and a strong growth of the Indian automobile industry. The data obtained from ministry of commerce and industry, shows high growth obtained since 2001- 02 in automobile production continuing in the first three quarters of the 2004-05. Annual growth was 16. 0 per cent in April-December, 2004; the growth rate in 2003-04 was 15. 1 per cent The automobile industry grew at a compound annual growth rate (CAGR) of 22 per cent between 1992 and 1997. With investment exceeding Rs. 50,000 crore, the turnover of the automobile industry exceeded Rs. 59,518 crore in 2002-03. Including turnover of the auto-component sector, the automotive industry’s turnover, which was above Rs. 84,000 crore in 2002-03, is estimated to have exceeded Rs. 1,00,000 crore ( USD 22. 74 billion) in 2003-04. Automobile Dealers Network in India In terms of Car dealer networks and authorized service stations, Maruti leads the pack with Dealer networks and workshops across the country. The other leading automobile manufactures are also trying to cope up and are opening their service stations and dealer workshops in all the metros and major cities of the country. Dealers offer varying kind of discount of finances who in tern pass it on to the customers in the form of reduced interest rates. Major Manufacturers in Automobile Industry Maruti Udyog Ltd. General Motors India Ford India Ltd. Eicher Motors Bajaj Auto Daewoo Motors India Hero Motors Hindustan Motors Hyundai Motor India Ltd. Royal Enfield Motors Telco TVS Motors DC Designs Swaraj Mazda Ltd Government has liberalized the norms for foreign investment and import of technology and that appears to have benefited the automobile sector. The production of total vehicles increased from 4. 2 million in 1998- 99 to 7. 3 million in 2003-04. It is likely that the production of such vehicles will exceed 10 million in the next couple of years. The industry has adopted the global standards and this was manifested in the increasing exports of the sector. After a temporary slump during 1998- 99 and 1999-00, such exports registered robust growth rates of well over 50 per cent in 2002-03 and 2003-04 each to exceed two and- a-half times the export figure for 2001-02. Automobile Export Numbers Category1998-991998-99Passenger Car25468121478Multi Utility Vehicles26543892Commercial Vehicles1010819931Two Wheelers100002256765Three Wheelers2113851535Percentage Growth-16. 632. 8 THE KEY FACTORS BEHIND THIS UPSWING Sales incentives, introduction of new models as well as variants coupled with easy availability of low cost finance with comfortable repayment options continued to drive demand and sales of automobiles during the first two quarters of the current year. The risk of an increase in the interest rates, the impact of delayed monsoons on rural demand, and increase in the costs of inputs such as steel are the key concerns for the players in the industry. As the players continue to introduce new models and variants, the competition may intensify further. The ability of the players to contain costs and focus on exports will be critical for the performance of their respective companies. The auto component sector has also posted significant growth of 20 per cent in 2003-04, to achieve a sales turnover of Rs. 30,640 crore (US$ 6. 7 billion). Further, there is a potential for higher growth due to outsourcing activities by global automobiles giants. Today, this sector has emerged as another sunrise sector. EVEN GROWTH Opposing the belief that the growth in automobile industry has catered only to the top income-stratum of society, Growth of exports of 32. 8 % in the first three quarters of 2004-05, the fastest growth in volumes has come from commercial vehicles as against passenger cars. Between 1998-99 and 2003-04, output of commercial vehicles has grown 2. 8 times compared to the 2. 2 times increase in passenger cars. Furthermore, two-wheeler output continues to dominate the volume statistics of the sector. In 2003-04, for every passenger car turned out by the sector, there were 7 two-wheelers produced. In the two wheeler segment, there is a greater preference for motorcycles followed by scooters, with both production and domestic sales of motorcycles increasing at faster rates than for scooters in the current and previous years. However, mopeds have registered low or negative growth. Export growth rates have been high both for motorcycles and scooters. Automobile Industry, India Automobile Industry. (2017, Feb 06). We have essays on the following topics that may be of interest to you

GAAP rules that will assist to determine the fraud in the key areas Research Paper

GAAP rules that will assist to determine the fraud in the key areas - Research Paper Example According to the research findings auditor has highlighted these major problems. †¢ Leases on technology assets seem inflated †¢ Understated of e Commerce state tax payment †¢ Fictitious employees receiving post-employment benefits †¢ Hiding cash in order to help in future quarters where earning do not meet analyst’s expectations †¢ Concealing inventory shrinkage because it seems low for the industry There are many GAAP rules that assist to determine if the fraud is taking place all these areas. International GAAP, ISA 240 the Auditor Responsibilities Relating to Fraud in an Audit of Financial Statements recognizes that the misstatement in the financial statement can arise from the either fraud and error. The distinguishing factor is whether the underlying action that resulted in the misstatement was intentional or unintentional. The above all situations are supposed to be a fraud because the audit team found all these activities as a fraud. In relation with IAS 240, the fraud is a criminal activity. In addition, it is not a role of the auditor to determine whether the fraud is has actually occurred. That is the responsibility of a country’s legal system. Auditor must only be aware of the impact of fraud on the accuracy of financial statements. The GAPP rules state that the auditor is responsible for obtaining reasonable assurance that the financial statements, taken as a whole, are free from material misstatements, whether fraud and error. ISA 315 identifying and assessing the risk of material misstatements state assist to determine the determine fraud in the above mentioned situation. The GAAP rules that assist to determine the fraud in above situations are mentioned below separately. Leases on technology assets seem inflated: Technological assets are treated as the major asset of the company. Inflated leases amount can manipulate the figures of assets in statement of financial position of the company easily. In the light of IAS 240, the Auditor Responsibilities Relating to Fraud in an Audit of Financial Statements, Fraudulent financial reporting techniques are treated as Fraud. These are the techniques that can misstate the accounts to make the company look better/worse than it actually is. In this situation the GAAP assist to determine the fraudulent situation in this scenario because it is the possibility that the management of the company want to manipulate the figures of assets to make up the statement of financial position. Understatement of e-Commerce state tax payment: Misrepresentation of tax payments can show the better profitability figures in statement of comprehensive income. According to GAAP, Auditor has the responsibility to assure the financial statements are presenting true and fair view. That’s why the GAAP assist to determine the fraud in this case because if this activity is not treated as fraud, then the auditor will not be able to give the reasonable assurance on the truth and fairness of financial statements of the company. Fictitious employees receiving post-employment benefits: IAS 200 overall objective of the independent auditor state that the auditor is responsible for providing â€Å"an opinion in whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework†. The company accounts can be manipulated in material manner by the technique to giving post engagement benefits to fictitious employees. In this case, it is responsibility of the auditor to treat this activity as fraud to fulfill his primary aim of the audit. Hiding cash in order to help in future quarters where earning do not meet

Manets painting The Ragpicker Essay Example | Topics and Well Written Essays - 500 words

Manets painting The Ragpicker - Essay Example Instead, they find no problem and spend that money on beautiful and attractive architecture buildings that is everyone’s envy. And in this poem, the elder boy comes to the realization that it is only those people who are not like him who enters this beautiful house. Precisely, it is not for the poor to enter the facility. Further, the poem points out at the wide division between the poor and the rich. The poor is viewed as dirty and vile. Baudelaire’s Poem enlightens the readers of the problem existing in the society, the impoverished v.s. The wealthy but leaves it upon to people to do what they feel about it. Similarly, the communist manifesto discusses the division of the society into two social classes: the bourgeoisie and the proletariat. It goes even deeper to define the division by espousing the other perspectives like free man and slave; plebian and patrician; serf and lord among others (Engels, Friedrich, & Karl Marx, 2). The communist manifesto vents out about the antagonism between the bourgeoisie and proletariats. It discusses how the differences bring about conditions of oppression meted out at the poor in the society. It highlights how to struggle to become rich is killing values social ties among families and religious morals that the society had.   The struggle between the two social classes has made the relationship between people be defined by money. Both readings tackle the realism of life and how social classes brings about suffering and struggles in the society.

A Marketing Communication plan for an eco-tourism Assignment

A Marketing Communication plan for an eco-tourism - Assignment Example Australia being rich and diverse in natural wonders has immense potential to carve a niche market of its own. It has been targeting nature conscious travelers to explore its beauty. We shall take a look on one of the marketing communication tools that will be effective in the promotion of Eco tourism in Australia. Tourism is one of the largest and most profitable industries that promote the unique blend of nature with culture. .After the dissolution of political embargoes in many countries in Africa and Asia, travelers have realized that there is a world to explore which would showcase the wonders of nature, spellbinding beauty and heterogeneous cultures and tradition. . Before the world experienced the impact of global warming and climate change, tourists were restricted to travel in well advertised areas, buying souvenirs, sending post cards and as a result they become an looker in the traveling process.. That has changed. Travelers are now venturing to destinations that give them the opportunity to be a part of the local ecological system. Tourism directly and indirectly plays a vital role in bridging the gap of different cultures and values and forms a symbiosis of curious minds. It also pertinent to the economic growth of the region. It is a direct and indirect source of socio-economic development of the indigenous people of the place. According to World Tourism Organization statistics, WTO tourism 2020 vision forecasts that international arrivals are expected to reach over 1.56 Billion by the year 2020. Of these worldwide arrivals in 2020, 1.18 Billion will be intraregional and 377millionlong haul travelers. Due to the emission of green house gases , the mean temperature of the earth is slowly rising resulting in the shift of season change and extinction of rare species of the flora and fauna. It is causing irreparable damage and imbalance in the ecological

Group Counseling Observation Personal Statement

Group Counseling Observation - Personal Statement Example His name is "PB". "PB" is the husband of my supervisor and he was more than willing to take me to a meeting and show me what Alcoholics Anonymous was all about. Before leaving for the meeting, I asked "PB" several questions. They ranged from the length of the meeting to specific problems some of the members. He told me not to be surprised if there were some members who were admitted alcoholics and narcotic addicts. As I questioned him further, he said that many of the people in that predicament were also former criminals. One person in particular was so involved with both drugs and alcohol that he nearly died at the emergency room from an alcohol overdose. Now that my questions were answered, I felt much more at ease and ready to go to the meeting. The building where the meeting took place is located in a school basement. It is dismal but there is an inviting scent of coffee with friendly voices. I don't know whether this is a cheerful setting but I quickly learned that the setting didn't matter. When "PB" and I arrived, he introduced me to all of the members who made me feel welcome. As I surveyed the participants, I noticed that they were from all racial and socioeconomic backgrounds. As the meeting started, we began with a serenity prayer and read the twelve steps of Alcoholics Anonymous. The second step was the focus of the meeting. ... The first speaker was named Jack. Jack is a successful attorney and has been a member of Alcoholics Anonymous for over ten years. He relayed his story about how his Power restored him to sanity. Jack said that prior to becoming a member, he knew everything. "I could do anything I wanted to when I wanted to. If anyone disagreed with me, I would do whatever it took to have that person agree with me. It was my way or the highway." With those statements, Jack admitted that when he was drunk, his temper got the best of him. After becoming a member, Jack along with many of the members of the group was able to complete the first step with ease. The second step, however, was going to be a problem. "When I looked at that sign, I was scared because I have been an atheist for most of my adult life." He was hoping that he could skip step two and return to it later, but he was told that he had to complete it before he could advance. Jack said it took quite some time but that higher Power did come to him and it wiped out the "insanity" that was ruining his life. After listening to his speech, I was wondering to myself why these members felt they were "insane". If I saw one of these people on the streets, I would never know that they were alcoholics or they were "insane". I marveled at how they all seemed to speak their own language and somehow have the same experience. Mike was celebrating his second anniversary. He is a parolee and in addition to fighting his demons, is walking the line to make sure he does not go back to jail. He too though mentioned the word "insanity" in reference to discovering a higher Power. The words he used were: "I came, I came to and now I believe." To me, it seems as

Laura Mericer Cosmetics Research Proposal Example | Topics and Well Written Essays - 500 words

Laura Mericer Cosmetics - Research Proposal Example It was 1996 when Mericer developed an own line which was designed to suit women of all the ages and all skin types. The specificity of her products is that their color themes are based on classic palette and usually don’t follow the seasonal trends – according to Laura’s vision classics is always in fashion. Currently Laura’s products are available in more than six hundred stores of twenty four countries all over the world, and the line has developed and grown to include skincare, bath, body, and fragrance lines. The founder of the line spends much time traveling, making public appearances at such stores as Neiman Marcus and Henri Bendel among others. She spends most of the free time in New York City or Paris. Currently among her clients are Cameron Diaz, Oprah Winfrey, Julia Roberts, and Mariah Carey to name a few. All of Laura’s artists were gaining experience through backstage access, editorial work or television before joining her team. She hires only experienced and creative individuals in order to provide clients with the best qualified service and the brand with those to continue the tradition of excellence. The preference is always given to diversified people experienced in cosmetics industry and with a successful track record. The images presented by the artist are those carrying confidence in oneself combined with lightness and some shades of glamour.

APA Forms and Format Essay Example | Topics and Well Written Essays - 500 words

APA Forms and Format - Essay Example It is also apparent that many families cannot afford health care and proper housing, thus leading to many unresolved cases of health and illnesses in many communities. Obesity is a critical health and therapeutic problem in both the developing and developed countries. It has significantly increased during the last two decades (El-Helaly, Kamel, Abd-Elaziz, Elwan & Nabih, 2009; Alsayed, Gad & Azab, 2007). According to Alsayed et al. (2007), obesity subjects individuals to metabolic and endocrine disorders. Such complications can pose significant risks to children’s health and general life performance. Additionally, it can lead to an increase in many complications and illnesses which further results in obstruction of a country’s economic progress and the development of an entire health care system (Parikh, Edelman, Uwaifo, Freedman, Semega-Janneh, Reynolds, & Yanovski, 2004; Wang & Dietz, 2002; Afridi, Khattak, Safdar & Khan, 2003). In conclusion, overweight children are at risk of vitamin D deficiency and secondary hyperthyroidism. It is clear that BMI may be a significant risk factor for vitamin D deficiency obese and non-obese children and adolescents. Considering the above cases, it is recommended that obese children, especially those with high body mass index, take routinely vitamin D supplementary treatment. Additionally, they should go for routine screening with regard to vitamin D

Mooting Essay Example | Topics and Well Written Essays - 500 words

Mooting - Essay Example right position by upholding that an advertisement is an invitation to treat and not an offer, therefore there was neither an offer nor contract between the respondent and the appellant. In proving this the respondent will rely on the literal rule of the statute. 2. The respondent submits that the advert which was placed on the 4th November was just an invitation to treat. We further submit that the judge is expected to at first instance apply the literal rule of the statute before considering anything else.1 Thus we submit that as held in partridge,2 an advert amount to an invitation to treat and not an offer.3 4. We submit that though it’s possible to make an offer to the world (unilateral offer), the facts of this particular case are very different from those of Carlill v Carbolic smoke ball case,5 since in the Carlill case the respondent company had deposited $1,000 in the Alliance Bank to show their commitment and in which it can be inferred their intention to be bound by, upon acceptance, but in this case, the Respondent did not show in any way either express or implied intention to be bound by the advert upon acceptance thus it can only be concluded to be an invitation to treat and not an offer. 5. Furthermore, the respondent submits that the Appellant did not communicate upon acceptance as it’s the general the rule of requirement that the offeree must communicate to the offeror upon acceptance to effect the contract formation.6 Also, the appellant cannot claim that their conduct amount to an acceptance,7 since the need to communicate acceptance is only waived when the other party does not object to the conduct of the appellant. But in this case the respondent objected to the appellant conduct long before even the stall was opened,8 and even upon opening the stall their objected to his