Auxilium Pharmaceutical Corporation Research Paper

Auxilium Pharmaceutical Corporation - Research Paper Example In relation to the study the company which has been selected is Auxilium Pharmaceutical, a firm that has been in business since 1999. The firm’s common stocks are traded publicly in NASDAQ under the symbol AUXL. The mission statement of the company is: â€Å"To improve the lives of patients throughout the world by rapidly and efficiently identifying, developing and commercializing innovative specialty biopharmaceutical products†. The firm’s products target the following healthcare markets: hand and plastic surgeons, endocrinologist, rheumatologists, urologists, and primary care physicians. The two top selling brands the company has are Testim and Xiaflex. The values of the company include integrity, quality, innovation, teamwork, and result oriented. In fiscal year 2010 Auxilium Pharmaceutical generated $211 million in revenues. The organization has 565 employees. The pharmaceutical industry is one of the largest and most powerful industries in the world with 201 0 global sales of $875 billion. The United States has the most expensive healthcare system in the world. One of the challenges that U.S. healthcare companies face when trying to develop a new drug is that it takes a lot of time and money to bring a new drug to market. During the last five years the costs of bringing a new drug to market have gone up from $800 million to $1.3 billion. One of the primary reasons companies receive lengthy patent protection is to allow companies sufficient time to recover its investment and make a reasonable profit. All the costs across the entire healthcare system in the United States are on the rise. The medical spending per capita in the United States is twice as high as other developed countries such as the members of the European Union. In 2009 the United States spend $7,410 in healthcare spending per capita, while Europe in the same period spend only spend $3,615. Quality is not the main issue that’s driving the costs up since the Europeans receive equal if not better healthcare than American citizens. The cost of education may be a factor that is affecting the salary scales for doctors in the United States. Most medical students borrow over $250,000 in student loans to finance their education. Once they start practicing doctors are seeking higher salaries than ever before. Drugs are becoming more expensive due to higher development costs and medical plans are charging astronomical yearly fees in comparison with the past. In 2009 the average cost of family healthcare plan was $13,375. Medical insurance plan inflation increased 5% in comparison with 2008. Due to the rising cost of medical insurance the amount of Americans that are uninsured has increased to over 50 million. This hurts the sales of pharmaceutical companies because uninsured citizens typically cannot afford to pay for their prescription drugs in cash payments. Auxilium Pharmaceutical has multiple strengths that are helping the company stay competitive. T he firm has build up a nice brand value during its 13 years operating in the industry. During 2010 the company had very solid sales results of $211.4 million which represent an increase of 29% in comparison with the previous year.

Managing Human Resources Essay Example for Free

Managing Human Resources Essay This assissment is going to be about Human Resource Management and it’s going to contain information about different perspectives of human resources management and what the role involves. . HRM system is based on HR system , both work together to the same way. The example is HR strategies defining the direction in which HRM intends to go. We got few models of HRM , one I want to describe is Guest’s Model of HRM. David Guest’s model of HRM has 6 dimensions of analysis : HRM strategy HRM practices HRM outcomes Behaviour outcomes Performance outcomes Financial outcomes This model is prescriptive in the sense that it is based on the assumption that HRM is different from traditional personal management. How guest’s model is adopted in Harrods? In my opinion is adopted by having similar commitments for example the Guest model is prescriptive on the sense that it is bases on the assumption that HRM is distinctively different from traditional personnel management and rotted in strategic management. Also the Guest’s model of HRM outcomes are fairly similar as Harrods engages employees to continues success of the business by committing to what they are doing and one of the outcomes that the Guest’s model states is commitment. David Guest’s analysis financial outcomes in his model of HRM and when looking at the financial outcome at Harrods, we can see that they are loosing money due to the employee turnover. When looking at the case study it shows that the research that has been done about the turnover indicates that the employee turnover has significant cost and performance effects to the business. For example the employee turnover at Harrods measures the rate at which employees leave their employer normally after one year. The claim of the Guest model that it is superior to others is partly justified in the sense that it clearly maps out the field of HRM and delineates the inputs and outcomes. But the dynamics of people management are so complex that no model (including the Guest model) can capture them comprehensively. P. 1. 2 The purpose of HRM is to ensure that the employees of an organization are used in such a way that the employer obtains the greatest possible benefit from their abilities and the employees obtain both material and psychological rewards from their work. Personnel management is the traditional approach to managing. It deals with the reactive side, which are rules, and regulations, wages, pension, and leave administration. It is administrative in nature. Human Resource Management are people oriented an treats employees as an asset. It is the modern approach to managing an organisation and people in the organisation. It is the proactive side of managing which puts people first. The term industrial relations has developed both a broad and a narrow meaning. Industrial relations is increasingly being called employment relations or employee relations because of the importance of non-industrial employment relationships. Industrial relations has three faces: science building, problem solving, and ethical. In the science building phase, industrial relations is part of the social sciences, and it seeks to understand the employment relationship and its institutions through high-quality, rigorous research. From this perspective, an industrial relation covers all aspects of the employment relationship, including human resource or personnel management and employee relations. The difference between personnel management and human resource management is that personnel management basically deals with the employees, for example they deal with payroll recruitment. Where the HRM deals with the management of the work force, training and the well-being of all employees. Also we can say that Human Resources is to incorporate and develop personnel management tasks, while at the same time seeking to create and develop teams of workers to the advantage of the organization. Personnel management comprises mainly of administrative tasks that are considered to be traditional and routine. The Human Resources management at Harrods helps to build a competitive edge by positively getting involving the employees. The HRM at Harrods use an appropriate leadership style and they use two-way communication, which is very effective as it allows information to be passed on correctly and quickly. Similar organization which adopted IR practice and Personal is NHS. The NHS UK practice managers work within the primary care sector, where they manage the overall running of general practices surgeries. Practice managers come from a variety of backgrounds and do not necessarily need to be a qualified healthcare professional. Industrial relations in the UK health care sector are characterised by high levels of social dialogue and joint regulation, particularly in the public part of the sector. P. 1. 3 At Harrods the role of the line manager is to encourage communication targets and advice to employees through face-to-face interactions. This might involve sitting down in the staff room, or in a more formal setting, to agree objectives and to give advice about improvements and new ways of working. Acting as a coach helps the line managers to develop their managerial skills, build relationships and reinforce trust at Harrods. Employees play the most vital role in HRM because they are the key advantage and we also must remember that high-performing and innovative employees are the foundation of productivity. Some major implications for HRM are, they can set direction and implement a company strategy, which builds commitment to what they do. Employees at Harrods help to develop performance metrics for on going improvements in the business. In order to increase the productivity at Harrods the line manager or HRM support their employees by communicating effectively and giving them regular feedback on their performance and by them doing that it decreases the errors and frustration caused to employees at work. Also an effective reward system for employees at Harrods motivates them towards better performance. Non-monetary factors like better status can motivate employees in addition.

Saddam Hussein :: essays research papers

Saddam Hussein   Ã‚  Ã‚  Ã‚  Ã‚  The Middle East is an extremely volatile region of the world, and much of the current instability may be due to one man, Saddam Hussein. During the last few years, under Hussein's direction, Iraq has gone from being an oil rich country to a country that is suffering major embargoes and is low on supplies. Iraqi leaders are trying to leave as they realize how power can corrupt a man. If Hussein stays in power, the future looks bleak for the Gulf region.   Ã‚  Ã‚  Ã‚  Ã‚  Iraq used to be a prosperous country. Oil was the main source of income for the area. During the Iran-Iraq War (Gulf War 1), which was from September 1980 to August 1988, Iraq went from being a wealthy country to a very poor country, nearly over night. Hussein had used all energy available in that war, and he came out of it losing over 1/3 of the entire male population of Iraq (Allman 61). Saddam feels that is actions were justified because he believes the Iran-Iraq war was a conspiracy by the US, Britain, and Israel to undermine Iraq (Kondrache 11). This leads people of the world to believe that this is a man who will stop at nothing to achieve what he wants. He was willing to risk his whole nation for a more money. High financial priorities? Survey says â€Å"yes† .   Ã‚  Ã‚  Ã‚  Ã‚  The basis on which Hussein is in power is controversial. He was not elected to his position, he took it. There was a military coup in 1968 that led him and his Ba'ath party to power. He was not elected, as until last year, there had not been an election since the coup (Cooperman 49). This says that Hussein has been a tyrant from the start, and his need for power is incredible. He wants complete domination of the Middle East, if not the world.   Ã‚  Ã‚  Ã‚  Ã‚  Iraq is now a country struggling to survive. It is in the midst of an embargo, and the people are suffering. Death rates are up, and the amount of food available is declining. Saddam is displaced from his people, though. He is not feeling the same effects as they are.   Ã‚  Ã‚  Ã‚  Ã‚  The Pursian Gulf War erupted in 1990 with Hussein ordering an invasion of neighboring Kuwait, on the grounds that Kuwait was stealing oil from in Iraqi oil field. The US became involved in this war for the next year, and they successfully pushed Iraq out of Kuwait. Iraq, however, feels that it won this war. The leaders of Iraq were still in power after the war ended, so the

The Great Dangers of Civil Disobedience

Van Dudes explicitly refutes the concepts of Thoreau suggesting that they, as the title of his work suggests, destroy democracy. Van Dudes feels that when man disobeys the law and separates from the democratic society he feels has failed, he simply pushes democracy further towards failure. While the ends laid out by Thoreau in Walden and Civil Disobedience, and Martin Luther King Jar. In Letter From Birmingham Jail, may be completely valid, the mean by which they chose to try and attain them, civil disobedience, is acted upon without true understanding of its detrimental impact to democratic society according to Lewis H.Van Dudes. While Henry David Thoreau seems to feel he is presenting the ideals for how one should live their life and how government should function, In reality he Is conveying an impractical message with detrimental effects. In his work Walden, Thoreau outlines the basic ideas of transcendentalism and keeps an account of his time spent living in the Walden woods. It is in the Walden woods that Thoreau concludes, â€Å"If we do not†¦ Forge rails, and devote days and nights to the work, but go to tinkering upon our lives o improve them, who will build railroads?†¦ Ho will want Thoreau Is conveying the message that within American society man has becomes so consumed with his own life that he has forgotten about striving towards progression. Thoreau feels that If every man spends his time concerned with minor detail, and the material things society has defined as symbols of success. Man will not advance, he will simply live a cyclical life during which nothing of meaning occurs. While Thoreau presents his ideas with great confidence he soon finds that man inherently can't abandon all outing and ritual, thus making his concept of transcendence impractical.More Important than the Impracticality of transcendentalism Is Thoreau Interpretation of what he is presenting. Thoreau feels he is providing the example of a man who transcends societal constraints and living his life to the fullest. In reality Thoreau is very much avoiding society entirely by taking up this supposed transcendent lifestyle. Lewis H. Van Dudes presents the Idea that call disobedience Is very much a self- fulfilling prophecy. In going to the woods Thoreau doesn't â€Å"build railroads† but instead leaves them to be built by the world which he has lost faith in.By leaving the building of railroads, essentially the directing of society, to a society he feels is very limited due to deeply Ingrained routine and ritual, Thoreau removes the Influence he may have potentially had. This removal of Influence doesn't lead the railroads to taking the shape Thoreau wished for but instead lets a society he already doesn't 1 OFF nave Tall n In create teen In any way teen please. When man elects to transcend, en really avoids society and does not build railroads but instead runs from them. Henry David Thoreau presents his ideas for achieving better governmen t in his work Civil Disobedience.As the title of his work suggests, Thoreau felt civil disobedience, a form of non-violent protest of laws, was the key to ensuring a government doesn't over extend its control over its people. In Civil Disobedience Thoreau states, â€Å"The only obligation which I have a right to assume is to do at any time what I think is right†(l). Thoreau seems to suggest that governmental laws constrain people. He feels as if man can't truly live within a society led by a government that â€Å"restricts† him by imposing laws and expecting adherence to them.While Thoreau feels that a government that didn't impose itself upon him would best allow man to flourish, it is Thoreau very belief that he should be able to do what he feels is right that could potentially create anarchy. Van Dudes argues that to break the law is to consider oneself above the law, and if everyone feels they are above the law society can't function. If no one pays taxes or suppor ts government society doesn't flourish instead it perishes. While an organized effort against government could potentially lead to unofficial results, when all people rebel against the laws currently in place the results are not necessarily ideal.Simply because many people disagree with the law doesn't mean they have the same opinions on what the proper laws are. Abandonment of laws would possibly, and likely result in the development of factions and these divided factions could result in the development of a state of anarchy. While Thoreau felt he was conveying the basis for great improvement in society, should his intellectual ideas be taken to fruition the possibility of anarchy could be ever present. Martin Luther King Jar. Arguably one of the most influential Americans of all time, relied upon civil disobedience as a method of attaining his ultimate goal, the elimination of segregation. During one of his nonviolent protests King was arrested and placed in a Birmingham Jail. Aft er being condemned by the clergymen of Birmingham King wrote his Letter From Birmingham Jail. Within this letter King attempts to Justify the need for his acts of civil disobedience. King claims there is a necessity for civil disobedience to bring about change.King's goal was, without a doubt, Just and necessary however his methods for attaining his goal were not. In his letter King stated, â€Å"One has not only a legal but a moral responsibility to obey Just laws. Conversely, one has a moral responsibility to disobey unjust laws. I would agree with SST. Augustine that ‘an unjust law is no law at par 12). King takes a very similar position to Thoreau in deciding that it is man's responsibility to disobey laws he finds unjust. King is suggesting that to think a law is unjust but do nothing is Just s bad as blindly following the law in the first place.King is convinced that only civil disobedience could bring the results he desired. While King's goal to end the segregation of African Americans and whites in America was obviously one of great importance, his methods were not as ideal. Van Dudes would argue that by insisting on disobeying laws, Martin Luther King was demanding African Americans and others to pull away from the potential answer to their problem. King was essentially giving up on the democracy that he felt oppressed him. While democracy is inherently flawed it still allows for all who patiently adhere to it can have an influence.King doesn't patiently wait for the processes of democracy to get his point across. Instead , Klan puts enamels above democracy Ana requests toners ay ten same. Only in abandoning democracy does it truly fail, not due to its own inherent faults, but due to the assumption of failure by those who abandon it. Lewis H. Van Dudes, in his Civil Disobedience: Destroyer of Democracy, attempts to refute the beliefs of all those who favor civil disobedience. Van Dudes directly interdicts Thoreau in saying, â€Å"Thoreau posit ion is not only morally irresponsible but politically reprehensible.When citizens in a democracy are called on to make a profession of faith, the civil disobedient offer only a confession of failure. † Van Dudes is conveying the idea that Thoreau beliefs are unacceptable because what he feels to be an inspiring message for further progress, is simply a foreboding message of unavoidable failure. Thoreau sees civil disobedience as the expression of a higher man who is unwilling to stand for moral injustices. On the other hand, Van Dudes argues that Thoreau ideas suggest to man that he should give up on his effort to make change.By stepping away from American democracy and society the natural born right to try and direct democracy in the ways you wish is lost. Van Dudes also contradicts the idea that man should, at any time, disregard the law when he states, â€Å"There is no man who is above the law, and there is no man who has a right to break the law. Civil disobedience is no t above the law, but against the law. † Van Dudes is making it clear that are only two types of citizens, those who obey the law ND those who disobey the law. Civil disobedience is not a loophole or gray area it is simply a glorified Justification for breaking the law.Simply because such a glorified explanation is presented doesn't mean one should latch onto it. Man within a democracy should support it in hopes of making it better, not ignore it because he doesn't approve of it in its current state. Lewis H. Van Disuse's argument brings to light the potential dangers of the seemingly Justified argument for civil disobedience. Lewis H. Van Dudes refutes both Henry David Thoreau and Martin Luther King's arguments in favor of civil disobedience. Thoreau believed in a policy of civil disobedience in trying to prevent democratic government from oppressing its people.King felt that civil disobedience was a necessary measure in bringing an end to segregation. Van Dudes makes evident the potential dangers of both men's ideas. Van Dudes brings to the forefront the potential for political turmoil should the message of either King or Thoreau be put into practice. While King and Thoreau both feel they are presenting the method by which society can better itself, Van Dudes sakes it clear that their ideas imply people should give up on a government that doesn't comply exactly with their beliefs.

Detailed analysis of school safety

Safety is an important factor in any learning institution that is focussed to achieving its mission, vision and goals in the future. So the most important thing to be enforced in such institutions is thus safety. Although there are other factors that contribute to the success of students in learning, safety form the core foundations for all activities that are undertaken by any learning institutions. The need to provide better learning environment to students begins with the provision of physical safety that leading to the provisions of emotional well being to the students. Atkinson, 1996) However, in the recent past years, many schools within the country have been faced with a number of problems which led to the compromising of schools safety. During last year’s perilous event that took place in our school, many of us as part of the school community were affected. Follow such consequences, the school administration formed a committee to research on the safety conditions and control measures in our school. The following is the report that was hand over to the administrators:- Outline of the issues: The rising indiscipline behaviour among the students The misuse of drugs and the utilization of illegal drugs within the school compound The rampant violence act among students and teachers The movement of outsiders and non- students as well as students within the school compound (Trump, 1997) While the above four issues were tackled into detail, it was clear that in the first matter, students were becoming uncouth and rowdy. There were many cases that involved students fighting in classes and outside classes. Furthermore, some of the sources indicated that some students had even blackmailed the name of our school to the outside communities by misbehaving in public. Some students have been alleged not to respect the elders and those in authorities while they are in public places. The second issues of using drug and illegal drugs indicated that most students have been caught by watchmen either drinking or drunk of alcohol, beer, or they have been found smoking cigarettes, marijuana and others addict able materials that may stimulates and affects the normal functioning of body or nervous systems. I think the applications of these substances are the consequences of the first and the third issue of rampant violence among the students and to the teachers. The most important matter that perhaps has lead to all these scaring actions is the lack of school fence. This has paralysed the efforts of the guards to regulating and control the movement of all the people getting in and out of the school ground. In fact this has given a great opportunity to drug traffics to access the clients within the school without much struggle or impairment while the same applies to the addicted students who would like to sneak out to go and obtain their materials. (Huff, 1996) Control measures To alleviate to the crooked ways of the students’ behaviour, the administrators being the closes guardians to the students should be taught guidance and counselling courses. They will then help them to mould the students and even rescue those who are drug addicts from the scathing killer drugs. While this is being implemented, the school can invite sociologists and religious leaders to give words of advices to the students periodically. Moreover, to accomplish their mission, there is need for the administration to coordinate with the parents and the local communities as well as the public in general to act as role models and to give corrective measures and check the behaviour of students. Final the school requires to be provided with a physical fence to check the intruders and students movements. (Trump, 1993)

Why Pyramids Dont Work Simple Examples

Why Pyramids Dont Work Simple Examples Pyramids Schemes Explained A pyramid scheme is a type of investment scheme in which investors earn profits from the recruiting of new members to the scheme; all pyramid schemes inevitably fail because they rely on geometric growth to sustain returns for the investors, and eventually reach a point at which they collapse. A pyramid scheme is similar to a Ponzi scheme in that it relies on ever-increasing numbers of later investors to provide returns for earlier investors, but differs in that returns for investors are directly tied to the number of new investors each can recruit. Multi-level marketing (MLM) programs, which are legal in most places, are actually a form of pyramid scheme. There are a number of variations in the form of pyramid schemes. The three most common are the simple pyramid scheme, the 8-Ball Model, and the 2-Up System; the latter two are the basic format, with some slight adjustments, of most MLM systems. Simple Pyramid Schemes The simplest form of a pyramid scheme is also sometimes called a â€Å"chain-letter† scheme. The starter of the pyramid will recruit some number of investors, each of whom will pay him a certain amount. The second group of investors each recruits the same number of investors, thus earning several times over their original investment, i.e. the amount they each paid to the first investor at the tip of the pyramid. In order to earn a profit, each investor in each successive level must recruit the same number of people. For example, Investor Number One at the top of the pyramid recruits six new members for $1 each, earning a profit of $6. These six recruits then recruit six new members each, earning $5 profit and adding 36 people to the pyramid. In order to earn their profit, the 36 members on the third level of the pyramid must recruit a total of 216 people, who subsequently must recruit 1,296 people, and so on. This illustration published a few years ago by the US Securities and Exchange Commission shows how this pyramid scheme quickly becomes unrealistic: This kind of pyramid scheme is illegal everywhere, for obvious reasons; the only investor who is guaranteed a return is the one at the top of the pyramid, and practically speaking, anyone below the fourth or fifth level of the pyramid is likely to lose 100% of his investment. Want to know more? Go here: Currency Exchange Rates and Management Difference Between Management and Leadership Five Components of Service Management Buy Research Paper Online Top 10 Tips on Buying an Essay The 8-Ball Model The 8-Ball Model, which is called that because a diagram of it resembles a rack of billiard balls, is a format used by some MLM schemes. In an 8-Ball scheme, members do not receive a profit from new recruits until three levels are recruited. For example, Company X is set up so that each new member can collect a $100 payment for â€Å"starter kits† for new members (this kind of arrangement is made because of laws in most places requiring that members of an MLM program receive goods of â€Å"equivalent value† for any â€Å"membership fee† or initial investment they make). But, payment is not made until the third generation of recruits. Member 1 recruits two new members, who recruit four, who recruit eight new members. These eight pay a total of $800 to Member 1. When the eight members on the third level of the pyramid recruit their two new members each, the two originally recruited by Member 1 receive $800 each from the 16 new level-four members.  The bottom thre e levels in an 8-Ball Model will always lose 100% of their investment, no matter how many levels there are. The 2-Up System The 2-Up System is a variation that is used by MLM schemes because it encourages recruits to work harder to recruit new members. In a 2-Up format, the â€Å"sales income† – which might be actual sales of products, or might simply be the initial â€Å"starter kit† purchase – from the first two people a person recruit goes to that person’s own recruiter; the sales from the third and any subsequent recruits then go to that person. In a 2-Up System, the bottom level always loses 100% of their investment, while the second-lowest level always breaks even. The 2-Up System is used in MLM schemes, because the opportunity for income grows exponentially as one moves higher up the pyramid; however, it requires that three times as many people be recruited for each new level in order for the preceding level to earn a profit, and quickly runs out of available recruits (particularly if they’re smart, and realize they’re being rooked). Differences between MLMs and Pyramid Schemes The only difference between an MLM and a regular pyramid scheme, and what makes MLMs legal while pyramid schemes are not is that the sale of products at least theoretically gives members the opportunity to earn income without recruiting new members. So in the example 2-Up System in the diagram above, the network would not necessarily have to expand beyond the four levels that are shown. Let’s suppose that the company represented by the diagram sells a product which has a cost to dealers of $9, and retails for $10. Let’s also suppose (to keep things simple) that the top level (the black oval) was recruited by the company directly, and that the top level recruit does not actually sell any products, preferring to simply profit from the sales of his â€Å"downstream†. If each member below the top level sells one product, the top level makes $7, the second level makes $3, the third level makes $1 each, and the fourth level makes no profit at all – exactly the same proportion of returns as if the framework were a naked pyramid scheme. The company (the recruiter of the top level in this example) is guaranteed a profit of just $2 from a total of 15 products sold. That should tell you something about the real cost (and likely the quality) of products offered through multi-level marketing schemes, as well as the futility of investing in one. Unless you are fortunate enough to be near the top of the pyramid – whether it’s a legitimate (if only just) MLM program or an actual pyramid scheme – the claims of high returns these schemes offer mean, â€Å"High returns for those who came before you.† Best to do your homework, and find safer ways to invest your money.

Possessive Pronoun Definition and Examples in Grammar

Possessive Pronoun Definition and Examples in Grammar A possessive pronoun is a  pronoun that can take the place of a noun phrase to show ownership (as in This phone is mine). The weak possessives (also called possessive determiners) function as determiners  in front of nouns  (as in My phone is broken). The weak possessives are my, your, his, her, its, our, and their. In contrast, the strong (or absolute) possessive pronouns stand on their own: mine, yours, his, hers, its, ours, and theirs. The strong possessive is a type of independent genitive. A possessive pronoun never takes an apostrophe. Examples and Observations We were both work-study kids with University jobs. Hers was in the library; mine was in the Commons cafeteria.​(Stephen King, Joyland. Titan Books, 2013)Go on, get inside the TARDIS. Oh, never given you a key? Keep that. Go on, that’s yours. Quite a big moment really!(The Doctor to Donna in The Poison Sky. Doctor Who, 2005)Ours is an age of relentless testing, corrupted by cooked or deceitful results and widespread cheating scandals.(Joseph Featherstone, Tested. The Nation, February 17, 2014)Mine is a long and sad tale! said the Mouse, turning to Alice, and sighing.It is a long tail, certainly, said Alice, looking down with wonder at the Mouses tail; but why do you call it sad?(Lewis Carroll, Alices Adventures in Wonderland)She underlines passages in my Bible because she cant find hers.(Ned in The War of the Simpsons. The Simpsons, 1991)Woman must have her freedom- the fundamental freedom of choosing whether or not she shall be a mother and how many children she will ha ve. Regardless of what mans attitude may be, that problem is hers- and before it can be his, it is hers alone.(Margaret Sanger, Woman and the New Race, 1920) Its really hard to be roommates with people if your suitcases are much better than theirs.(J.D. Salinger, The Catcher in the Rye, 1951)Those who restrain desire, do so because theirs is weak enough to be restrained.(William Blake, The Marriage of Heaven and Hell, 1790-1793) Possessive Pronouns vs. Possessive Determiners The possessive pronouns (mine, yours, his, etc.) are like possessive determiners, except that they constitute a whole noun phrase. The house will be  hers  you see when they are properly divorced.Writers have produced extraordinary work in conditions more oppressive than  mine. Possessive pronouns are typically used when the head noun can be found in the preceding context; thus in 1, hers means her house, and in 2, mine means my conditions. Here the possessive pronoun is parallel to the elliptic use of the genitive. (D. Biber, S. Conrad, and G. Leech, Longman Student Grammar of Student and Written English. Pearson, 2002) [The] construction with the possessive pronoun [e.g. a friend of mine] differs from the alternative of possessive determiner noun (e.g. my friend) mainly in that it is more indefinite. The sentences in (30) below illustrates this point. (30) a. You know John? A friend of his told me that the food served at that restaurant is awful.(30) b. You know John? His friend told me that the food served at that restaurant is awful. The construction with the possessive pronoun, in (30a), can be used if the speaker hasnt specified and doesnt need to specify the identity of the friend. In contrast, the construction with the possessive determiner, in (30b), implies that the speaker and listener both know what friend is intended.(Ron Cowan, The Teachers Grammar of English: A Course Book and Reference Guide. Cambridge University Press, 2008) Punctuation With Possessive Pronouns The words hers, ours, theirs, and yours are sometimes termed absolute or independent possessives because they occur when no noun follows. No apostrophe appears in these words, which are often in the predicate [the house was ours] [the fault was theirs]. Sometimes, though, they can occur as subjects [hers was a gift that anyone would envy]. (Bryan A. Garner, Garners Modern American Usage. Oxford University Press, 2009) The Lighter Side of Possessive Pronouns: An Irish Toast Heres to you and yours  and to mine and ours,And if mine and ours ever come across you and yours,I hope you and yours will do as much for mine and oursAs mine and ours have done for you and yours!

Beautyism and Friends

Beautyism and Friends Beautyism and Friends Beautyism and Friends By Maeve Maddox It’s not in my two main dictionaries yet, but beautyism has found a place in the catalogue of English words ending in -ism: Beautyism in the Workplace: Disguised Discrimination Jawahar and Mattsson (2005) investigated sexism and beautyism effects in employment processes using experimental research. The suffix -ism has been a prolific source of English nouns since the Middle Ages, but this newest use, to form words that denote perceived superiority or discrimination, is fairly recent and has produced the following nouns: ageism: Prejudice or discrimination on the grounds of a persons age; age discrimination, especially against the elderly. racism: prejudice and antagonism towards people of other races, especially those felt to be a threat to ones cultural or racial integrity or economic well-being. sexism: prejudice, stereotyping, or discrimination, typically against women, on the basis of sex. beautyism: prejudice, stereotyping, or discrimination on the basis of physical attractiveness or lack of it. On the Ngram chart, the word racism begins a dramatic rise in the 1930s. Sexism and ageism begin their rise at the end of the 1960s. Beautyism barely shows in comparison with the others, but is on the graph beginning in 1971. The OED added these additional definitions for the use of the suffix -ism in 2004: a. Forming nouns with the sense ‘belief in the superiority of one [something] over another’; as racism, sexism, speciesism, etc. b. Forming nouns with the sense ‘discrimination or prejudice against on the basis of [something]; as ageism, bodyism, heightism, faceism, lookism, sizeism, weightism, etc. Some other uses of -ism To form nouns that name the process or completed action of a verb in -ize: baptize/baptism criticize/criticism, exorcize/exorcism plagiarize/plagiarism ostracize/ostracism To form nouns that name the action or conduct of a class of persons: hero/heroism patriot/patriotism despot/despotism To form the name of a system of theory or practice, sometimes on the name of the subject or object, and sometimes on the name of its founder: Arianism Buddhism Conservatism Puritanism Platonism Feminism To form a noun denoting a peculiarity or characteristic, especially of language: Americanism Gallicism archaism colloquialism solecism sophism witticism Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:36 Adjectives Describing Light10 Types of TransitionsQuiet or Quite?

Topic Analysis - European Financial Crises Essay

Topic Analysis - European Financial Crises - Essay Example The origin of the global financial turmoil was the collapse of the real estate bubble in the United States, mainly the sub-primes1 mortgage market, which provided access to housing finance to almost everyone even those without the necessary guarantees. The problem was further aggravated by the securitization2 of sub-primes leading a contagion in the financial system, which resulted from massive defaults on the original loans that had been securitized (Ferguson, 2012, p. 19). There was high mistrust among commercial banks in the financial systems, which led to freezing of the interbank market, severely affecting liquidity distribution and forcing institutions to bankruptcy, both because of reduced activity in the interbank market and as financial institutions continued to sell even the good quality assets in fear of the unknown, or as a consequence of increased uncertainty. In the period 2006-2007, there was increasing panic as news of bankruptcy of firms such as Lehman Brothers and Morgan Stanley in the USA and Dexia in Europe, continued to stream. Some of these firms were however bailed out by the governments of the USA and Europe. In 2008-2009, the financial crisis began to hit the global economy3, introducing the first recession since the times of World War II. In EU alone, GDP went down by about 4.1% while rate of unemployment4 increased by 3.9% between 2008 and 2010 (Manfred, Griesbach, and Jung, 2011, p. 292). These were firm indicators to justify that there was indeed a heating problem that needed quicker action to resolve to avoid dire consequences. This paper will attempt to explain the Euro zone financial crisis and particularly explore the hypothesis that the â€Å"European situation has the potential to become a financial â€Å"time bomb†, which could destroy the euro as a currency, send global financial markets into a tailspin and global recession†. In doing this, the paper will address the

Operational Management Issues for Services - The dimensions of Essay

Operational Management Issues for Services - The dimensions of operations management - Essay Example Tactical issues or factors entail methods of project management, structure and layout of plant, selection as well as replacement of equipment. The issues in operations include management of inventory, inspection and quality control, policies of equipment management (MIT Sloan School of Management, 2013). Operations management issues for services comprise various aspects that entail development of new services, managing experience in services, analysing the process along with yield management among others (Johnston & Clark, 2005). Service is the hub of economy in every society. Services, infrastructure and communication play a significant role in every sector of economy. Services in government play a stabilising role in the environment in terms of growth in economy and investments (Fitzsimmons & Fitzsimmons, 2004). The dimensions of operational management comprise four types that include finance, internal process, customers and learning and innovation. In the aspect of financial dimen sion, it can be stated that most of the business organisations look for profit by attaining the objectives in the financial aspects in the short-term, resulting in maintaining profits along with enhancing the productivity of the organisation. Customers are a key aspect to an organisation. The objective of on organisation is to maximise the sales by providing quality products to customers and generating greater revenues for the organisation. Adequate optimisation of internal processes results in satisfaction of the customers along with enhancing profits for the organisation. It can be stated that process of innovation facilitates to develop the process of manufacturing, which in turn results in earning greater profits by satisfying the demands of the customers with quality products (Mack, 2013). Automobile industry in terms of service operations management generates various kinds of issues that include ensuring timely and efficient support to operations, product stocking and security . Operational service offers services related to security management along with receiving deliveries of vehicles as well as ensuring reliability and high quality of support from back office. Ensuring effective management of inventory, controlling and managing every aspect of inventory of stock, maintenance and timely delivery of service along with quality assurance of products can also be considered as significant aspects in service operations management (GulfTalent.com, 2012). Service operations management is the concept that is used by the management in service operations which covers various activities, liabilities and decisions. These operations are executed in a variety of services in the business environment (Johnston & Clark, 2008). With these considerations, the essay intends to discuss the dimensions of operations management. Moreover, the various critical challenges in terms of operations management faced by a Head of Operations of automobile industry will be taken into co ncern in

Artist Statement Visual Arts and Film Studies Personal Statement

Artist Visual Arts and Film Studies - Personal Statement Example Growing up, I always felt confined to rigid thought patterns and strict behavioral expectations. I had to live the way people around me desired, not how I wanted. Added to this was my position as a woman in a highly patriarchal society. I recognize that success would only come from struggle and commitment. My mother once told me that when I was a little girl, she never noticed when I was around because I was introspective, and was always drawing. While my interests and experience has grown significantly since this formative period, I recognize many elements of myself in this early incarnation. Today I remain introspective and committed to art. For me, artistic expression now helps me articulate my feelings and work towards personal development and self-discovery. This is why I love the art of Frida Kahlo. She tells stories about herself and reveals the beauty in this truth. I always care to tell something in my art. I like to draw characters that reflect aspects of my personality â⠂¬â€œ I want my art to speak and to tell the truth. I also recognize that oftentimes things are not black and white; in these instances, art allows me to confront my struggles. When I consider broader issues in my life, I recognize I believe that there is nothing more beautiful than imagination. Without imagination the world’s problems cannot be tackled. ... Psychodynamic theory contends that childhood experiences influence later personal development and motivation. While I am no psychologist, I oftentimes consider that my controlled and restrictive childhood greatly influenced my artistic desire for self-expression. Throughout high school in Kuwait I yearned to simply write my opinion in an essay, yet I always was restricted to what my teacher thought. I remember watching a program about cartooning when I was a child and told my mother that is what I wanted to do with my life. I would dream about becoming an animator and construct stories to songs I would hear. My father was largely indifferent to my aspirations, instead he emphasized math. Still I persisted in my aspirations and still have a dream of becoming an animator. Each time I watch one of my favorite animated films, such as Spirited Away, Triplets of Belleville, or Tim Burton’s Corpse Bride, I get inspired about animation. I’m applying to California Institute of t he Arts because of its outstanding Master Degree in Animation program. After researching the program I came to recognize that I would make an excellent fit at your institution and strongly contribute to the artistic environment. Specifically, I appreciate your institution’s emphasis on self-express and diversity of study. I’m familiar with many student films made at your institution and appreciation their process and aesthetic quality. I recognize that many of my artistic conceptions could find expression in such an environment – I have an abundance of plans and projects that I want to bring to life. Being half Arab and half Persian, I have a diverse cultural background that

Controversies Behind Accounting and Audit Profession Essay

Controversies Behind Accounting and Audit Profession - Essay Example To prevent accounting fraud, many literature states that it is common for the body of institutional investors to act as the company's monitors. (Chen, Harford, & Li, 2007; Chung, Firth, & Kim, 2002) Therefore, it is possible that fraud firms have a low level of institutional investment before committing fraud due to the fact that these companies lack effective accounting monitoring.For this study, the researcher will compare and contrast the management's responsibility for an entity's financial statements with the auditors' responsibility for detecting fraud and error follow by evaluating the most recent suggestions made by the Audit profession in respect with the auditors responsibility in detecting fraud. The researcher will also discuss about the audit expectation gap as well as the factors that contributes to the increase of the audit expectation gap. The researcher will also examine whether the audit expectation gap is similar to the accounting expectation gap. Prior to the main discussion, the researcher will provide some strategic ways on how auditors could reduce the gap on audit expectations. Compare and Contrast Management's Responsibility for an Entity's Financial Statements with the Auditors' Responsibility for Detecting Fraud and Error Using the generally accepted accounting principles in UK, the top management behind a company is responsible for the preparation of financial statement based on the highest integrity, objectivity and clarity. (Price, 2002) As part of the management's responsibility in developing an accurate financial statement, the top management should ensure that the company hires and trains qualified employees to work behind the establishment and communication of the company's accounting policies and procedures. Since businesses are more concerned with the company's profitability, there is a higher chance for top management to manipulate the company's financial statement. In order to lessen the incidence of accounting fraud and misrepresentation of the accounting figures, there is a strong need for each company to hire the service of an external auditor to perform the auditing of the company's financial statements. The main responsibility of the auditors is to ensure that each company submits an accurate financial statement1 by detecting any possible accounting fraud or errors based on the current United Kingdom Law and Accounting Standards known as the United Kingdom Generally Accepted Accounting Practice. (Ernst and Young LLP, 2007) In relation to determining whether the company practices accounting procedures, auditors are responsible to follow the relevant legal

Labor unions. Workers, Industrialization and Happiness Essay

Labor unions. Workers, Industrialization and Happiness - Essay Example Reaction from family The movie brings out the aspect of the different family members' reaction to one’s involvement in union activities. After hearing Reuben’s speech Norma starts participating in union formation activities. This invokes negative reactions in her husband who feels Norma is not spending enough time with her family (Canby). In a way, this shows that he has some resistance to the idea of her involvement in the movement. However, his opinion changes with time with Sonny, Norma’s husband, telling her that he loves her and supports all decisions. Her father is also opposed to the idea of the movement seeking to form a union among the workers of the mill. This is because of he is a stockholder which makes him wary of the union. Her mother who works in the mill is also apathetic which is not expected of her (Canby). This shows the lack of support from family members and relatives when advocating for the formation of unions and improvement of working cond itions, which discourages the formation of the movements. Winning the battle The aspect of finally winning the struggle in the form of union formation and better working conditions is also brought out. The struggle for labor rights is usually an uphill task that is not for the faint hearted (Canby). A large number of challenges pose the threat of derailing the process. However, with deep emotional strengths that inspire courage and a complex network of feelings for the workers being ill-treated the activists almost always succeed in their endeavors to see improved rights in the labor sector of industries maintained by unions. This is the case in the movie where Norma ends up with a post in the cotton mill union. II. Workers, Industrialization and Happiness Researchers have made a... Labor unions. Workers, Industrialization and Happiness The American labor sector of today contrasts greatly with the labor sector of the early industrial days. The movements drew clear lines between the management of the industries and the labor aspects that based on the issues between the two. This was aimed to advocate for the improvement of their working conditions. It is sentiments like these that the screenwriters and the director of the movie â€Å"Norma Rae† shared and sought to evoke among the audience. The movie highlights the processes and trials experienced in the starting of a workers union (Canby). It shows that although the start of worker unions is marred by challenges, their successful formations eventually result in improved labor conditions. Challenges to labor union formations Victimization The employers victimize the founding figures of trade unions when they start advocating for the rights of the workers. The movie gives a clear illustration of this aspect that is replicated in nearly all scenarios involving t he establishment of labor unions. After hearing a speech from Rueben Warshowsky, Norma decides to unionize her workmates. This does not augur well with the managers of the cotton mill, who confront her (Canby). Researchers have made a distinction on the definition of happiness as a short-term state of lighting up of the mind depending on the temperament of a person and the external factors associated with the person.

Controversies Behind Accounting and Audit Profession Essay

Controversies Behind Accounting and Audit Profession - Essay Example To prevent accounting fraud, many literature states that it is common for the body of institutional investors to act as the company's monitors. (Chen, Harford, & Li, 2007; Chung, Firth, & Kim, 2002) Therefore, it is possible that fraud firms have a low level of institutional investment before committing fraud due to the fact that these companies lack effective accounting monitoring.For this study, the researcher will compare and contrast the management's responsibility for an entity's financial statements with the auditors' responsibility for detecting fraud and error follow by evaluating the most recent suggestions made by the Audit profession in respect with the auditors responsibility in detecting fraud. The researcher will also discuss about the audit expectation gap as well as the factors that contributes to the increase of the audit expectation gap. The researcher will also examine whether the audit expectation gap is similar to the accounting expectation gap. Prior to the main discussion, the researcher will provide some strategic ways on how auditors could reduce the gap on audit expectations. Compare and Contrast Management's Responsibility for an Entity's Financial Statements with the Auditors' Responsibility for Detecting Fraud and Error Using the generally accepted accounting principles in UK, the top management behind a company is responsible for the preparation of financial statement based on the highest integrity, objectivity and clarity. (Price, 2002) As part of the management's responsibility in developing an accurate financial statement, the top management should ensure that the company hires and trains qualified employees to work behind the establishment and communication of the company's accounting policies and procedures. Since businesses are more concerned with the company's profitability, there is a higher chance for top management to manipulate the company's financial statement. In order to lessen the incidence of accounting fraud and misrepresentation of the accounting figures, there is a strong need for each company to hire the service of an external auditor to perform the auditing of the company's financial statements. The main responsibility of the auditors is to ensure that each company submits an accurate financial statement1 by detecting any possible accounting fraud or errors based on the current United Kingdom Law and Accounting Standards known as the United Kingdom Generally Accepted Accounting Practice. (Ernst and Young LLP, 2007) In relation to determining whether the company practices accounting procedures, auditors are responsible to follow the relevant legal

CHANGING CLOTHES IN CHINA Essay Example | Topics and Well Written Essays - 500 words

CHANGING CLOTHES IN CHINA - Essay Example Considerably, the understanding of the different clothes of the said country gives a clear presentation as to how the people within the region developed from being traditional towards becoming liberated and more expressive until the present times of modernity. How did the revolution affect the recognition of culture on the part of the Chinese people Truthfully, the changes in the people's clothes also denoted the changes that were happening within the Chinese community. As the years pass, the classical understanding of China with regards their culture and traditional being has been replaced by the trends of the west and the undeniable fact that globalization has already entered the classical years of the Chinese life thus suggesting a much more different approach to clothing on the part of the natives. As the foreigners started coming in and out of China for tourism and other businesses in concern, it could be observed that the clothing of the Chinese people also began to develop. It is considerably undeniable that the clothes of the Chinese society began to take new shape and has begun to flood the international market. Apparently, the Chinese clothing line is considered to be one of the major products that bring in profit to the national economy.

Morality vs. Obedience Essay Example for Free

Morality vs. Obedience Essay Beliefs and knowledge are both dynamic concepts on all organizational levels of the human experience, from the individual to the global. Lets take for example the statement, â€Å"The Earth is flat. † Five hundred years ago, this statement was knowledge. Today, it’s knowledge that this statement is false. Knowledge changes based on the information and evidence available to us at any point in time. This is also true of beliefs but in a different way. When most of us were young, we believed in the Tooth Fairy. Why? Because someone told us she was real. However, this belief changed as we began to mature and rely more upon our own abilities to discern truth from fiction. Thus, we have established that both knowledge and belief are subjective but for different reasons. Belief requires no evidence, while knowledge requires evidence and/or experience. I would now like to make a comparative argument regarding morality and obedience. Simply put, morality is ‘doing what’s right, regardless of what anyone says’ and obedience is ‘doing what your told, regardless of what’s right. One can think of many examples regarding these concepts as they are defined but I will leave this to the reader’s imagination. There is a simple truth to defining obedience and morality in this manner that I find directly comparable to the examined quotation. Neither belief nor obedience require an individual or group to actively engage in an activity or thought process independently. There is no critical thinking involved and one must put their faith in the ‘rightness’ or ‘truth’ of another’s belief, knowledge or otherwise. Both knowledge and morality require active engagement. One cannot possess knowledge without having evidence to back it up and one cannot act morally without understanding what it is that makes a situation right or wrong in their eyes. This is especially true when acting morally requires someone to go against social norms or established laws. The point of this paper is to shed light on the fact that we are all responsible for ourselves to the extent that we can be. No one person can know everything about everything, so belief and obedience are often useful and easy fallbacks. For example, I don’t snowboard on black diamond slopes. This is not because I have knowledge of how hurt I will get but because I belief the sign posting and obediently board within my level to avoid possible injury. However, in every decision one makes there should be a component of knowledge and morality applied. In application to the snowboarding example, I know, from experience, that my snowboarding skills are not on par with a black diamond. I choose not to risk my health and the resources of first responders by making the moral decision to stay off of it, despite my desire to challenge myself.

Relationship between business and the local, national and global

Relationship between business and the local, national and global The aim of this unit is to provide learners with an understanding of different organisations, the influence of stakeholders and the relationship between business and the local, national and global environments. Q1: Identify the purposes of different types of organisation? Ans: ORGANIZATION DEFINITION: An organization is a social arrangement which brings towards collective goals, controls its own performance, and it has a boundary to make it separate from its environment. The word I is derived from the Greek word organon, itself derived from the better-known word ergon. TYPES: Bureaucratic structures Bureaucratic structures have a certain degree of standardization. They are better suited for more complex or larger scale organizations. They usually adopt a tall structure. Then tension between bureaucratic structures and non-bureaucratic is echoed in Burns and Stalked distinction between mechanistic and organic structures. It is not the entire thing about bureaucratic structure. It is very much complex and useful for hierarchical structures organization, mostly in tall organizations. Functional structure Employees within the functional divisions of an organization plan to perform a specified set of tasks, for instance the engineering department would be staffed only with software engineers. This leads to operational efficiencies within that group. However it could also lead to a lack of communication between other fields because these people jst tend to theie limited. Divisional structure Also called a product structure, the divisional structure groups each organizational function into a divisions. Each division within a divisional structure contains all the necessary resources and functions within it. Divisions can be divided from different points of view. There can be made a distinction on geographical basi or on product/service basis. Another example, an automobile company with a divisional structure might have one division for SUVs, another division for subcompact cars, and another division for sedans. Each division would have its own sales, engineering and marketing departments. Matrix structure The matrix structure groups employees by both function and product. This structure can combine the best of all other separate structures.This structure is often used by different employes to complete some tasks in order to take advantage of combine strengths and to finish weaknesses. An example would be a company that produces two products, product a and product b. Using the matrix structure, this company would organize functions within the company as follows: product a sales department, product a customer service department, product a accounting, product b sales department, product b customer service department, product b accounting department. Matrix structure is amongst the purest of organizational structures, a simple lattice emulating order and regularity demonstrated in nature. Team One of the newest organizational structure which is developed in 20th century .In small Business the team structure can be defined as the entire organization. Teams can be both horizontal and vertical.while an organization is comprises as a set of people who meet to achieve newer dimensions, the quality of organizational structure revolves around the competencies of teams in totality. For example every one of the whole food market, the largest natural-foods grocer in the US developing a focused strategy.While team leaders in any store or in any region are also a team. Q2: Describe the extent to which an organization meets the objectives of different stakeholders? Ans: Definition: It is called the measure to which an organization fulfil the goals and overview the problems of stakeholders by taking review of their whole business cases. Major differences in how organizations carry out the various steps and activities in the strategic planning process are more of a matter of the size of the organization than its for-profit/nonprofit status. Small nonprofits and small for-profits tend to conduct somewhat similar planning activities that are different from those conducted in large organizations. On the other hand, large nonprofits and large for-profits tend to conduct somewhat similar planning activities that are different from those conducted in small organizations. (The focus of the planning activities is often different between for-profits and nonprofits. Nonprofits tend to focus more on matters of board development, fundraising and volunteer management. For-profits tend to focus more on activities to maximize profit. Also, with the size of the organization, differences in how organizations carry out the planning activities are more of a matter of the nature of the inclusion in the organization than its for-profit/nonprofit status. For example, detail given people may prefer a linear, top-down, general-to-specific approach to planning. On the other hand, rather artistic and highly reflective people may favor of a highly divergent and organic approach to planning. Q: Explain the responsibilities of an organization and strategies employed to meet them? Ans: It Is defied as the the duty and well being of the staff , contractors and the population in the area where it operates. Organisations also have a responsibility to ensure that others are not put at risk by their work-related activities, including driving. These factors, therefore, point to a need to carry out an assessment of the health and safety risks for employees while they are at work, and to other people who might be affected by their work activities. Organisations should also looks at its employers which includes in it the data of the employers should be be kept in privacy and should provide them with all the peace of mind. Organisations should also lookafter the environment means factory where the production takes place the surrounding area .They should make sure that the surrounding area including population , land and other things should not b harmed by their activities. Organizational members, themselves, should be giving remarkable to what these new responsibilities should be, rather than leaving this task to management. It is also the responsibility of the organisatios to make peace of mind of costumers and making their will by advertising their products in a well manner . A greater awareness of environmental issues, working conditions and social responsibility has led an increasing number of consumers to take these aspects into consideration when shopping. If the chief executive isnt fully behind the program, employees will certainly notice and this apparent hypocrisy may cause such cynicism that the organization may be worse off than having no formal ethics program at all. Therefore, the chief executive should announce the program, and champion its development and implementation. Most important, the chief executive should consistently aspire to lead in an ethical manner. If a mistake is made, admit it. Q: Explain how economic systems attempt to allocate resources effectively? Ans: The allocated resources are the resources in a business by which we can sale our products without the review of these resources we cannot take our business to the market. The major function of an economic system is to work out the basic economic problems which are; What is to be produced, How is it to be produced, For whom to produce and How efficient is the use of resources. These economic problems are caused by the fact that resources are limited but human wants are unlimited. Therefore, every country desires to adopt an appropriate system which will result in efficient allocation of resources so as to avoid scarcity. There are three systems used for this purpose which are: Command economic system Mixed economic system Free market economic system In a command economic system resources are allocated by the government through their planning system. The main role in this system are government , employes and consumers. All system is owned by the government. The Market system of economy which is also called the price system simply put is a means of allocating resources in which the resources are allocated by the market mechanism and the major economic problems are resolved by private individuals. In mixed economic system resources are allocated by the government and the stakeholders as well And this system is owned by the two parties I.e. government and the investers as well. some resources are allocated through the price or market mechanism and others are allocated by the state. In theory, such a system is able to combine the best elements of both a planned economy and a market economy. In reality, the proportion of planned and market varies, with some countries placing more emphasis on market solutions to resource allocations and others favouring a greater role for state planning. Third one is called pure economic system but it is rarely found. a market economy answers the three questions that form the economic problem through a market system. The market system is based on the demand and supply of products. Demand and supply determine prices and prices act as signals to both producers and consumers . The market system depends on a number of terms to ensure it is working properly. the profit motive _the incentive for a reward for enterprise Good levels of information being available to both producers and consumers Price accurately reflecting the costs and benefits of consumption and production The ease with which resources can move to different uses If I buy a usb priced at  £12.99 but do not like the music on it, I might decide that I was not getting  £12.99 worth of value I could have used that  £12.99 to better effect by buying something else that would have given me more satisfaction. In short there should ba an understanding between the costumers and the producers for the well being of this system and for the progress of this business. Q: Assess the impact of fiscal and monetary policy on business organizations and their impact? Ans: This Paper compares the dynamic impact of fiscal policy on macroeconomic variables implied by a large class of general equilibrium models with the empirical results from an identified vector autoregression. In the data we find that positive innovations in government spending are followed by strong and persistent increase There is a strong relationship between between public expenditure , reforms and growth as fiscal adjudjustments are created by reforms and growth. Assessing the effect of monetary policy and wage bargaining on employement and inflation in the European monetary union in the first step a kay kensyen is developed. Fiscal policy changes can be targeted to affect certain groups (e.g. increases in means-tested benefits for low income households, reductions in the rate of corporation tax for small-medium sized enterprises, investment allowances for businesses in certain regions) Consider too the effects of using either monetary or fiscal policy to achieve a given increase in national income because actual GDP. Lower interest rates will lead to an increase in both consumer and fixed capital spending both of which increases current equilibrium national income. Since investment spending results in a larger capital stock, then incomes in the future will also be higher through the impact on LRAS. When the economy is in a recession (when business and consumer confidence is very low and perhaps where deflationary pressures are taking hold) monetary policy may be ineffective in increasing current national spending and income. The problems experienced by the Japanese in trying to stimulate their economy through a zero-interest rate policy might be mentioned here. The government has introduced a lower starting rate of income tax for lower income earners. This is designed to provide an incentive for people to work extra hours and keep more of what they earn. Changes to the tax and benefit system also seek to reduce the risk of the poverty trap where households on low incomes see little net financial benefit from supplying extra hours of their labour. If tax and benefit reforms can improve incentives and lead to an increase in the labour supply, this will help to reduce the equilibrium rate of unemployment (the NAIRU) and thereby increase the economys non-inflationary growth rate. Taxation and the Pattern of Demand Changes to indirect taxes in particular can have an effect on the pattern of demand for goods and services. For example, the rising value of duty on cigarettes and alcohol is designed to cause a substitution effect among consumers and thereby reduce the demand for what are perceived as de-merit goods. In contrast, a government financial subsidy to producers has the effect of reducing their costs of production, lowering the market price and encouraging an expansion of demand. The use of indirect taxation and subsidies is often justified on the grounds of instances of market failure. But there might also be a justification based on achieving a more equitable allocation of resources e.g. providing basic state health care free at the point of use. Taxation and labour productivity Some economists argue that taxes can have a significant effect on the intensity with which people work and their overall efficiency and productivity. But there is little substantive empirical evidence to support this view. Many factors contribute to improving productivity tax changes can play a role but isolating the impact of tax cuts on producti Q: Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization? Ans: A set of laws, practices and procedures aimed at enhancing the economic efficiency of the provision of goods and services by maximizing competition among suppliers and consumers in a market or market-like environment is called competition policy. Competition policy is one of the Singapore issues , or new issue that were introduced at the first wto conference held in Singapore in 1996.According to the declaration of the Singapore minestarial conference a working group is to be established to study issues raised by members concerning the interaction between trade and policy in order to identify possible areas that may be subject of a mulatilateral framework agreemenat. When markets deviate from competitive ideals, assessing the desirability of government intervention requires a careful assessment of the costs of market failures relative to the benefits of imperfect regulation. The recognition that even imperfect markets may be preferable to regulated outcomes accompanied a dramatic transformation in the nature and extent of government intervention across a broad range of markets over the past thirty years. Many industries long subject to price and entry regulation in the United States among them airlines, trucking, railroads, and banking were deregulated. NBER researchers continue in the vanguard of research, market design, and implementation of electricity restructuring. Much of the empirical work to date has focused on restructured generation markets, in which prices generally are determined through a competitive bidding process. Some of the topics or development of projects encouraged in this PA may also be more suitable for a small project grant (projects requesting total costs of $100,000 or less) (R03). If so, applicants are encouraged to apply under the procedures outlined in the AHRQ Small Research Grant Program PA, published in the NIH Guide for Grants and Contracts (NIH Guide), January 2, 2001. Competition should be in business because in this way we can represent our products in a well maner for example take mc donalds as an organization . When we talk about competition In mc donalds we have to keep eye on a lot of aspects which are by 1s competitions we should take care that others are not gona harm. Special offers should be kept in such a way that other branches should not take negative effect by it . It depends on the location as well means if some where rents are higher and the branch cannot afford it So therefore it is difficult for them to make some promotional offers. Q: Explain how market structures determine the pricing and output decisions of businesses? Ans: A variety of recent proposals rely heavily on market forces as a means of controlling hospital cost inflation. Sceptics argue, however, that increased competition might lead to cost-increasing acquisitions of specialized clinical services and other forms of non-price competition as means of attracting physicians and patients. Using data from hospitals in 1972 we analyzed the impact of market structure on average hospital costs, measured in terms of both cost per patient and cost per patient day. Under the retrospective reimbursement system in place at the time, hospitals in more competitive environments exhibited significantly higher costs of production than did those in less competitive environments. Conventional wisdom has it that a large part of the explanation of Keynesian unemployment is the observe rigidities and prices. What has been lacking however is a satisfactory theory which explains how wages and prices can be at non market clearing level. If all firms in an industry actin concert to determine pricing policies, they can maximize their combined profits . Traditional oligopoly theories widely appericiate this fact and therefore they desire to collude to maximize their joint long run profits. It also suggests that the character and scope of collusive conduct is related to the structural and legal conditions cotfronting the firms in a market. Growth theorists have investigated extensively the idea that technological progress is endogenous and driven by market forces. General equilibrium (GE) models developed to explain these forces depart from the traditional theory of growth. Since innovation requires profit-seeking firms to undertake up-front research and development (RD), the factors determining the incentives to undertake RD in imperfect markets are central to the seminal theories of Romer (1990), Grossman and Helpman (1991), and Aghion, P. and Howitt, P., 1992. A model of growth through creative destruction. Econometrica 60, pp. 323-351Aghion and Howitt (1992). These contributions, however, downplay the role of market structure. In contrast, an important strand of literature in Industrial organization (IO) argues that market structure is a key factor determining RD investment because it captures features of the business environment, like the size and number of firms, barriers to entry, and diversification. These fact ors determine market rivalry which, in turn, determines the opportunities and constraints that firms face when planning. The financial structure and oligopoly have at least one common feature both place little emphasis on the strategic relationship between financial decisions and output market decisions. In financial theory , the product market is typically assumed to offer an exogenous random returns which is un affected by the debt equity positions of the firms in the market. A structural model is proposed which integrates and extends previous findings on the interrelations between risk-return outcomes, market share, firm conduct attributes, and inter-firm rivalry. It is argued that the relative impact of market share and firm conduct attributes on risk-return outcomes depends on the intensity of rivalry By these market structure kinds we can determine these policies very well and can get achieveable goals by making business on the top. Q: illustrate the way in which market forces shape organizational responses using a range of examples? Ans: An organization is a collection of people working together under a defined structure for the purpose of achieving predetermined outcomes through the use of financial, human, and material resources. There are a number of approaches to the structure and management of organizations. Forces of demand and supply representing the aggregate influenceof self-interested buyers and sellers on price and quantity of the goods and services offered in a market. In general, excess-demand causes prices and quantity of supply to rise, and excess supply causes them to fall The market forces also effect the organisatioal structure in thses five steps which are illustrated as below: The entry of competitors (how easy or difficult is it for new entrants to start to compete, which barriers do survive) The fear of substitutes (how easy can our product or service be produced, especially cheaper) The bargaining power of buyers (how strong is the position of buyers, can they work together to order large volumes) The bargaining power of suppliers (how strong is the position of sellers, are there many or only few potential suppliers, is there a monopoly) The rivalry among the existing players (is there a strong competition between the existing players, is one player very dominant or all all equal in strength/size) Some academics believe that a sixth force could be included government. A well-arranges organization is particularly important to call centers, given that the powerful pooling principle the immutable law that says consolidation of resources will result in improved efficiencies lies at the heart of call center effectiveness. In fact, when call centers began catching on several decades ago, the big challenge was to get callers to abandon the need to reach specific individuals. Today, as building customer relationships and loyalty have reached the forefront of strategy, the need to develop effective, collaborative organizations is more important than ever. However, there is an unfortunate paradox at work in many organizations. On one hand, the organizational design is constantly exerting its forces as it channels communications, shapes protocol and establishes lines of authority. It is one of the most influential and visible aspects of any enterprise. Most managers can draw their organization charts in their sleep. Yet, it is an issue that, in the daily, somehow becomes assumed almost outside the realm of managerial consciousness. By the use of these five market forces the organizational responses can be managed in a well way and The company can make progress in a well way. Q: Judge how the business and cultural environments shape the behavior of a selected organization? Ans: Business and cultural environment comprises all those factors that affect a companys operations, and includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors and technological developments. These factors affect the behaviour of an organization in different ways and these are the base as well for an organization. Organisation behaviour is a major part of any business and cultural environment because it sets out to help students understand how human beings deal with being part of organisations, large or small, working in teams and so forth. It is, essentially, the study of the soft end of business.   The theories derive from a variety of disciplines including sociology and psychology. It concerns itself with the complicated patterns of individual and group working. Thus the apparent aim of the study of organisational behaviour is to understand why people work in certain ways and then working out how to use this knowledge to improve the use of resources.   The history of the study of organisational behaviour is often broken down into different phases, beginning with both Scientific Management and the study of bureaucracy in the early-twentieth century. Both of these schools of thought were attempts to analyse human activity at work. The first looked at human beings as though they were part of a machine and sought to break activities down into discrete actions. The study of bureaucracy instead looked at the whole organisations and sought to define them through the varying levels of authority within the whole. The role of the manager in all this was also considered as the topic grew in scope.  Ã‚   As the study of psychology and psycho-analysis became more prevalent and more sophisticated, these rather mechanistic views eventually gave way to a more humanistic period in which it was seen that the workplace was also structured around mutually interactive groups of people who could not be defined in the earlier simplistic terms. Later on these ideas became even more sophisticated as it seemed that the work place was somewhere, if the conditions were right, people would find positive experiences, and where they could seek fulfilment and become creative.   Organisational behaviour, perhaps because it is about human beings, that generally defy categorisation, is home to many theories. Because it is about people and the way they react to and interact with each other, it is an ideal topic for teaching through fiction. Once again fiction provides endless opportunities to describe the conflicts and allegiances that are constantly being formed and re-formed in the work place. The fact that most novels are in some way or other about relationships and the ways in which people deal with negative and positive experiences within groups, and how alliances can shift over time and through internal or external pressures, means that they are rich in examples to be used in illustrating the various theories that make up the study of organisational behaviour. The fact that psychology, sociology and anthropology feature so strongly in the topic offers a variety of approaches in interpreting the scenarios, just as in real life. Q: Discuss the significance of international trade to uk business organizations? Ans: The buying and selling of goods and services across national borders is known as international trade.It is of vast importance not just for a single country but all the countries because without international trade the economy of a country and business organization can not make a progress on international level and they will b unable to display their manufactures to display at international level. International trade is the backbone of our modern, commercial world, as producers in different nations try to profit from an expanded market, rather than be limited to selling within their own borders. There are many reasons that trade across national borders occurs, including lower production costs in one region versus another, specialized industries, lack or surplus of natural resources and consumer tastes. There is currently a great deal of concern over jobs being taken away from the United States, member countries of the European Union and other developed nations as countries such as China, Korea, India, Indonesia and others produce goods and services at much lower costs. Both the United States and the European Union have imposed face restrictions on imports from Asian nations to try to stem this tide. Clearly, a company that can pay its workers the equivalent of dollars a day, as compared to dollars an hour, has a distinct selling advantage. Nevertheless, American and European consumers are only too happy to lower their costs of living by taking advantage of cheaper, imported goods. Even though many consumers prefer to buy less expensive goods, some international trade is fostered by a specialized industry that has developed due to national talent and/or tradition. Swiss watches, for example, will never be price-competitive with mass produced watches from Asia. German cutlery, English bone China, Scottish wool, fine French silks such as Hermes and other such products always find their way onto the international trade scene because consumers in many parts of the world are willing to foster the importation of these goods to satisfy their concept that certain countries are the best at making certain goods. One of the biggest components of international trade, both in terms of volume and value of goods is oil. Total net oil imports in 2005 are over 26 million barrels per day (U.S. Energy Information admin.figures) (Note: Importedoil include crude oil, natural gas liquids, and refined products.) At a recent average of $50 per barrel, that translates to $1billion, three hundred million, PER DAY. The natural resources of a handful of nations, most notably the nations of OPEC, the Organization of Petroleum Exporting Countries, are swept onto the international trade scene in staggering numbers each day, and consumer nations continue to absorb this flow. Other natural resources contribute to the movement of international trade, but none to the extent of the oil trade. Diamonds from Africa, both for industrial and jewelry use, wheat and other agricultural products from the United States and Australia, coal and steel from Canada and Russia, all flow across borders from these nations that have t he natural resources to the nations that lack them. Despite complaints about trade imbalances, effects on domestic economies, currency upheavals, and loss of jobs, the reality of goods and services continually crossing borders will not go away. International trade will continue to be the engine that runs most nations. Q: Analyse the impact of global factors on uk business organizations? Ans: Businesses are affected by an external environment as much as they are affected by the competitors. Global factors affecting business are legal, political, social, technological and economic. Understand

Consequences in Nathaniel Hawthornes The Scarlet Letter :: Scarlet Letter essays

Consequences in The Scarlet Letter      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There are two sides of consequences for almost everything that happens in life, directly or indirectly.   In life, we could learn mostly from the consequences, rather than from the punishments of our actions.   If the consequences are good, we know that the action should be repeated, sometimes.   If bad consequences outweigh the good, we know repeating would not be wise.   Hester Prynne of Nataniel Hawthorne's The Scarlet Letter, learns from punishment and the consequences of adultery, but from which does she learn more from?      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Punishment from the magistrates was usually strict and severe. Hester's punishment was to stand on the wooden platform, in the town square, for three hours.   She could not speak to any to the numerous eyes that stared at, through her until dark. Hester also had to wear an embroidered A of scarlet cloth upon her chest.   The A symbolized that she was an adulteress, and should not be associated with.   Hester had also been banished from town, and branded an outcast.   Even though she did not name her lover, so that he could be punished, he did not go unpunished. Reverend Dimmesdale had taken it upon him to stand on the same platform that Hester had, and he also whipped himself.   The whipping did not serve its purpose, he was laughing all the while that he lashed himself.   Neither means of punishment had taught him anything, as well as Hester.      Ã‚  Ã‚  Ã‚   To fill in for what punishment had not taught, consequence brought forth the lessons of life.   The consequences that Hester found were bad and good.   There is usually two sides of consequences.   The scarlet letter showed everyone she was a sinner, an adulteress, making the people sick of her, and did not acknowledge her.   Yet as time went on, people noticed that Hester had embroidered the scarlet letter so beautifully, that she had offers to have embroidery done for others.  Ã‚  Ã‚   As the course of the story the A had changed its meaning.   People saw how strong Hester was and refused to interpret the A as it was meant, the A became to mean both ABLE, and ANGEL.   For her good deeds done unto the community.   She gave clothing to the poor and helped out wherever possible.

Is costumer behavior a quantitative science or qualitativ

United International Business School Main Campus Brussels Prof. White Individual Assignment Student: Martinotta Lara Introduction All of us are consumers. We consume good everyday, we consume and buy products and services according to our needs, preferences and buying power. What we buy, how we buy, where and when we buy, in how much quantity we buy depends on our social and cultural background and our age and family but also on our perception, attitudes, beliefs and values, motivation, personality, and many other factors that are both internal and external to us.All this process is what we call in economics term consumer behaviour. It is important to say that we also consider before buying whether to buy or not to buy and, from which source or sellers. The marketers try to understand the needs of different consumers and having understood different behaviours require they study in their internal and external environment, they formulate their plans for marketing.I will try to develop an interdisciplinary approach of consumer behaviour starting from defining the concept moving to microeconomics methodological study and passing through the behavioural economics highly mphasizing on factors that influence the decision-making process of consumers behaviour I think two summarize more the concepts: â€Å"Customer behaviour reflects the totally of consumer decision with respect to the acquisition, consumption and disposing of goods, services, activities experiences, people and ideas by (human) decision-making†l . Customer behaviour means more than Just the way that a person buys tangible product such as cars.It also included peoples use of services, experiences and activities such as going to the doctor. Microeconomics and Behaviour economics I start with a brief overview of to microeconomics theory, which represents a starting point for examining costumer behaviour. The microeconomics theory makes the assumption that â€Å"Consumer behave rationally and given the chance they will choose the best alternative of with their level of income and preference2† Neoclassical economic coincided with the dominance of the positivist methodological position that judges a theory by its ability to make predictions that are supported by the evidence.In Microeconomics † the individual firm rationally maximizes profit through purchase decision†3. n sum the microeconomics theory balances tour elements tn consumer's available income, the price of the goods, the consumer's tastes or preferences, and the assumption of utility maximization. In such models, utility can best be thought of as levels of satisfaction, happiness or personal benefit. By using the assumption that individuals act in order to maximize personal subjective benefits, economists make costumer behaviour analyse quite simple as they â€Å"apply powerful mathematical techniques for modelling behaviour outcomes4†.The Microeconomics model of costumer behaviour often corr espond to how costumer ehave however clear and voluminous evidence from psychology has shown that the rationality assumption of standards economics are wrong. Evidence from psychology has shown that we often are irrational. â€Å"This selfish maximization principle of Homo economicus limits the application of neoclassical economics to other areas†5 Recognition of these difficulties had led to a series of new approaches to modelling the individual behaviour, mostly based on challenges to the assumption of neoclassical economics.At the end of the 20th century the strict neoclassical position came under attack from many different directions. Some of these merely suggested more complex objectives and constraints, while others took economics is new directions by putting an emphasis on uncertainty and risk†6. Simon argued that human behaviour is best modelled as aspiration-based, rather than as optimizing behaviour. In his view is important to achieve aspiration levels with s atisfactory outcomes indicating that â€Å"satisfy' behaviour is normal and optimizing behaviour is abnormal.

I Have a Dream Speech Essay

King’s speech not only changed history for the black community, but it also gave hope to blacks throughout the world. His speech was so successful because he was able to arouse his audience to their feet and get them to take action in society. The reason for the great impact of the speech, â€Å"I Have a Dream,† is due to the tense social mood of the time and that it reflects the conditions of the time, giving black activists a vision for the future. It struck directly into the hearts of blacks across America, and made whites ashamed of their actions and be willing to have a new start. In just 17 minutes, King influenced and informed the people about racial equality and fairness. Later, near the end of his speech, King continues to â€Å"preach† this point. For example, he stated, â€Å"†¦little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers. King talks about the future and how one day, freedom will â€Å"ring† from all across the United States and how people of all races will be able to â€Å"join hands† and be â€Å"brothers and sisters. † He strongly desires a united world where racism will not exist. He says, â€Å"With this faith we will be able to work together, to pray together, to struggle together, to go to jail together, to stand up for freedom together, knowing that we will be free one day. † Overall, King int elligently used a well-planned structure to manipulate his audience into agreeing with him.

An explanation of how disability may affect development

Ways a practioner can support a child with disabilities and how they will affect the child’s development. Autism. Children with autism need a strict routine, so they do not feel uncomfortable in their setting. The room that they are in in the setting should also be child proofed so they do not injure themselves or others. Eczema. Practioners will be required to put cream on to the child with eczema, they should also be weary not to draw attention to the child, as this may make them feel uncomfortable and different. Blind. The setting should be provided with brail and extra guidance materials for children who are blind. The practioners should also try to keep the classroom tidy and hazard free as this will reduce the risk of injuries. Down syndrome. Settings should offer one to one support to children with Down syndrome and other disabilities, they should use gestures and signs and other forms of communication in order to include these children in daily activities so they aren’t left to feel left out or different from other children. ADHD. Practioners should try to use short and quick explanations of work and instructions; they should try to keep the child interested by engaging them in many activities. The child should also be given any medication they require on time as this could affect their behaviour and may put them or the other children at risk of injury or harm. Asthma. Practioners should be aware of any children with asthma and their inhalers must be kept with the child at all times. It is also important for the practioners to respect that the child had asthma and not push them to do too much physical activity as they will bring on an asthma attack. Dyspraxia. As this is a condition that effects coordination, the setting should be child proofed and all hazards should be removed from the room. They should also be given the opportunity to visit a physiotherapist to improve their condition.