Saturday, August 31, 2019
Pros And Cons Of Being Famous Essay
Almost everyone of us, at least once, woolgather a life of being rich and famous. But analogous many other things, as we are witnessing on nigh daily basis, that class of life brings both lordly and detrimental sides. Having gold and being famous certainly contributes to plenty who film that in many different situations, making their lives easier. Often it looks want a fairy tale we raft single realise in movies. Big houses, grand residences in the most fair resorts in the world, expensive cars and unimaginable luxury for, how we like to war cry ourselves, normal people. Next thing that we cant endow aside is the possibility of helping other people in need and people who dont share that kind of happiness. And these are just some of the examples why we dreamed of having it entirely. On the other side, we can count a huge list of negative sides of being rich and famous. Like mentioned above, we are witnessing almost every day how famous people cant handle tons of paparazzi and press who just wint leave them alone. They cant hide almost a single thing in their private life. And a great deal these people get insane, both for alcohol and drugs, divorced or something even worse. Such people find it difficult to throw true friends and maintain relationships long-distance. People around them look only to benefit from their fame and fortune, or socialize with them just because they are every bit rich. Family is often not there, or children and parents just live a different life. Summed up, there are certainly both positive and negative aspects of money and fame, but most important is how people react to it and use it. In todays world, money brings great opportunities, and thats a fact, but we need to make love that like all other vices, it can destroy us and our family so its important to think well just about what next step with it will be.
Friday, August 30, 2019
Capital Budget Recommendation
As a dedicated furniture maker and businessman, a clear understanding of the techniques used to assist in capital budgeting is important. There are several techniques used, each having advantages and disadvantages. Within this recommendation, the advantages and disadvantages of each technique will be briefly discussed. Additionally, discuss how each technique will assist in determining the desirable capital budget technique to recommend. Concluding with a course of action Mr. Navallez should take, along with calculation to support the recommended course of action. Capital budget techniques Several techniques can be used to analyze an opportunity to invest in capital. Net Present Value (NPV) allows decision makers to analyze the present value (cost) of a capital investment and determine if the investment will compensate the cash outflow used for capital investment by an excess of the desired rate of return. Management ââ¬Å"wants to know the rate of return to expect from investingâ⠬ , therefore, will ââ¬Å"use the internal rate of return method. (Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1156)The internal rate of return produces the actual rate of return on an investment; where as, net present value allows management to select the desired rate of return on an investment. A simple and straightforward technique is the payback period; as the name suggests ââ¬Å"paybackâ⬠this technique ââ¬Å"shows how long it will take to recover the initial cash outflow (the cost) of an investment. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 164) Although, the payback period furnishes the time period when the cost is likely to be recovered, the technique does not illustrate compensation in excess of the initial cash outflow or assist in evaluating different prospective capital investments. Additionally, modified internal rate of return technique shows the adjusted rate of return based on the expected return on investment after taxes, however, does n ot calculate compensation or assist in evaluation of alternatives. For the purpose of the recommendation further discussion of net present value and internal rate of return assist in determining the desired course of action Mr.Navallez should acquire. The two techniques demonstrate the ability to compare the two prospective investments Mr. Navallez is considering. With reference to each prospective investment within this recommendation each will be referenced as Alternative 1 and Alternative 2. Alternative 1 is the purchase of automated high-tech machinery and Alternative 2 is becoming a representative. Net preset value vs. internal rate of return Net present value (NPV) is determined by ââ¬Å"subtracting the cost of the investment from the present value of the future cash inflows. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 156) The future cash inflow is a calculation that is computed by taking the future annual cash inflow of the investment (payments), number of peri ods, and desired rate of return. Two outcomes are determined by the use of this technique, a high rate of return or a below rate of return. The most favorable outcome is a high rate of return; a high rate of return indicates the future cash inflow of an investment is worth the current cash outflow (cost of the investment). In use, the cost of the automated machinery subtracted from present value of the future cash inflows will show the net present value of the investment.Cash inflow consists of representative fees, working capital recovery due to the decrease in labor and manufacturing cost. Net present value will show whether the prospective investment will compensate in excess of the desired rate of return. Internal rate of return is a desire rate, also called hurdle rate, or cutoff rate, or minimum rate set by the organization as the expected return on the investment. ââ¬Å"The rate of return is the rate at which the present value of cash inflows equals the cash outflows. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1156) ââ¬Å"The higher internal rate of return, the more profitable the investment. (Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1160) The internal rate of return is calculated by taking the total values (cash inflow and outflow) and ââ¬Å"guessâ⬠(rate of return). This technique assist in the decision making process because once the internal rate of return is determined, the desired investment can easily be decided. Taking the cash outflow and inflow from each alternative and the desired rate of return will offer the best comparison as which investment will present a return favorable. Recommendation The recommendation Mr. Navallez should take is alternative 1. Alternative 1 offers the best return on investment.The use of the net present value techniques presents the desired return on investment. Net present value over internal rate of return presents the expected return on cash outflows for the cost of the investment, th us allowing management to ââ¬Å"compute a present value index. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1160) Assume the desired rate of return is 8% over 10 periods, alternative 1 cash inflow would be $421,834 with cash outflow being $323,091 and alternative 2 cash inflow of $314,057 with cash outflow being $283,930. The present value of alternative 1 is $98,743 and alternative 2 is $30,127.Alternative 1 yields a higher rate of return, however, taking it a step further to confirm alternative 1 is the best investment the present value index offers an additional comparison of the two investments. Present value index is calculated by dividing cash inflows from cash outflows, ââ¬Å"the higher the ratio, the higher the rate of return per dollar invested into the proposed project. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1160) Alternative 1 ratio 1. 306 and alternative 2 ratio 1. 106; thus confirming alternative 1 the best investment and the most profita ble for Mr. Navallez. Capital Budget Recommendation As a dedicated furniture maker and businessman, a clear understanding of the techniques used to assist in capital budgeting is important. There are several techniques used, each having advantages and disadvantages. Within this recommendation, the advantages and disadvantages of each technique will be briefly discussed. Additionally, discuss how each technique will assist in determining the desirable capital budget technique to recommend. Concluding with a course of action Mr. Navallez should take, along with calculation to support the recommended course of action. Capital budget techniques Several techniques can be used to analyze an opportunity to invest in capital. Net Present Value (NPV) allows decision makers to analyze the present value (cost) of a capital investment and determine if the investment will compensate the cash outflow used for capital investment by an excess of the desired rate of return. Management ââ¬Å"wants to know the rate of return to expect from investingâ⠬ , therefore, will ââ¬Å"use the internal rate of return method. (Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1156)The internal rate of return produces the actual rate of return on an investment; where as, net present value allows management to select the desired rate of return on an investment. A simple and straightforward technique is the payback period; as the name suggests ââ¬Å"paybackâ⬠this technique ââ¬Å"shows how long it will take to recover the initial cash outflow (the cost) of an investment. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 164) Although, the payback period furnishes the time period when the cost is likely to be recovered, the technique does not illustrate compensation in excess of the initial cash outflow or assist in evaluating different prospective capital investments. Additionally, modified internal rate of return technique shows the adjusted rate of return based on the expected return on investment after taxes, however, does n ot calculate compensation or assist in evaluation of alternatives. For the purpose of the recommendation further discussion of net present value and internal rate of return assist in determining the desired course of action Mr.Navallez should acquire. The two techniques demonstrate the ability to compare the two prospective investments Mr. Navallez is considering. With reference to each prospective investment within this recommendation each will be referenced as Alternative 1 and Alternative 2. Alternative 1 is the purchase of automated high-tech machinery and Alternative 2 is becoming a representative. Net preset value vs. internal rate of return Net present value (NPV) is determined by ââ¬Å"subtracting the cost of the investment from the present value of the future cash inflows. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 156) The future cash inflow is a calculation that is computed by taking the future annual cash inflow of the investment (payments), number of peri ods, and desired rate of return. Two outcomes are determined by the use of this technique, a high rate of return or a below rate of return. The most favorable outcome is a high rate of return; a high rate of return indicates the future cash inflow of an investment is worth the current cash outflow (cost of the investment). In use, the cost of the automated machinery subtracted from present value of the future cash inflows will show the net present value of the investment.Cash inflow consists of representative fees, working capital recovery due to the decrease in labor and manufacturing cost. Net present value will show whether the prospective investment will compensate in excess of the desired rate of return. Internal rate of return is a desire rate, also called hurdle rate, or cutoff rate, or minimum rate set by the organization as the expected return on the investment. ââ¬Å"The rate of return is the rate at which the present value of cash inflows equals the cash outflows. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1156) ââ¬Å"The higher internal rate of return, the more profitable the investment. (Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1160) The internal rate of return is calculated by taking the total values (cash inflow and outflow) and ââ¬Å"guessâ⬠(rate of return). This technique assist in the decision making process because once the internal rate of return is determined, the desired investment can easily be decided. Taking the cash outflow and inflow from each alternative and the desired rate of return will offer the best comparison as which investment will present a return favorable. Recommendation The recommendation Mr. Navallez should take is alternative 1. Alternative 1 offers the best return on investment.The use of the net present value techniques presents the desired return on investment. Net present value over internal rate of return presents the expected return on cash outflows for the cost of the investment, th us allowing management to ââ¬Å"compute a present value index. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1160) Assume the desired rate of return is 8% over 10 periods, alternative 1 cash inflow would be $421,834 with cash outflow being $323,091 and alternative 2 cash inflow of $314,057 with cash outflow being $283,930. The present value of alternative 1 is $98,743 and alternative 2 is $30,127.Alternative 1 yields a higher rate of return, however, taking it a step further to confirm alternative 1 is the best investment the present value index offers an additional comparison of the two investments. Present value index is calculated by dividing cash inflows from cash outflows, ââ¬Å"the higher the ratio, the higher the rate of return per dollar invested into the proposed project. â⬠(Edmonds, Edmonds, Olds, McNair, & Schnieder, p. 1160) Alternative 1 ratio 1. 306 and alternative 2 ratio 1. 106; thus confirming alternative 1 the best investment and the most profita ble for Mr. Navallez.
Thursday, August 29, 2019
Skydiving Essay Example | Topics and Well Written Essays - 1000 words
Skydiving - Essay Example As the report declares the tourism industry in Kyiv has to entice more of such international tourists so as to generate higher revenues. Compared to group tourists, independent non-packaged or individual tourists spent more cash on meals, entertainment, gambling, lodging sightseeing and local transportation. Casino operators therefore have to focus on attracting more foreign independent tourists so as maximize their earnings. This paper stresses that Tobit analysis was employed to analyze the travel spending of Kyiv visitors. This technique was coined by Tobit. It was meant to estimate equations especially when a set of continuous observations on truncated criterion variable, usually at zero. This model poses two advantages first is that it presents efficient parameter estimates and the accurate estimates of the expected value of the variable. The second one is that it allows estimating both the market participation effect and the conditional quantity effect. The Tobit model used presented the below question to show the correlation between ith visitorsââ¬â¢ daily travel expenditure on kth spending category and the independent variables. It is expected that the travel expenditure totals of Kyiv visitors have a positive relation to their per capita income and the peopleââ¬â¢s number in the party. Senior lecturers from the University of Kyiv helped in translating English questionnaire into simplified C hinese, Korean and French so as to ensure that most of the visitors literacy needs are satisfied. After the translation the questionnaire were verified by employees from Kyiv hotel and students together with staff members from the same university. After verifying the translation, 20 students pre-tested the questionnaire so as to validate it. The questionnaire had two parts designed to gather as much information as possible from the tourists. The first part based on the demographic, behavioral, socio-economic including entry mode, country of origin, party size,
Wednesday, August 28, 2019
Business Plan for a Fruit Juice Stand Dissertation
Business Plan for a Fruit Juice Stand - Dissertation Example The plan integrates the mission, vision, aim and objectives, including research methods, market analysis, and so on. Primary and secondary researches were conducted. Primary research involved interviews to 50 respondents at Westfield Stratford shopping centre. The respondents were mostly female, aged 20 to 35 years old, who frequently spend their leisure time in the mall. Secondary research on marketing strategy, marketing mix, marketing analysis, marketing programme and the 7Ps, a 2-year forecast of the business and an analysis of future events that might happen during implementation and actual operation of the business were discussed and integrated into this business plan to provide a clear picture of the business. Questions ranged from the respondentsââ¬â¢ likeness of the fruit juice and smoothies to their daily intake of soft drinks and packed carbonated drinks. It was astonishing to know that the students and youths have been taking soft drinks and packed carbonated drinks and that fruit juice has not been too popular to them. However, there was a sign of hope when the question mentioned of a possibility of a fruit juice and smoothies contained in beautiful glasses, in which the respondents positively answered that they would prefer fruit juice and smoothies if these are readily available in stores inside the mall. The respondents replied that they wanted to take fruit juice as a substitute of soft drinks as they have heard of its health benefits. They were also asking for the price since the reason why they were taking soft drinks was due to the low price. Convenience was also one of the reasons for their preference of bottled and packed carbonated drinks.
Tuesday, August 27, 2019
Healthy Living City Promotion Plan Term Project Essay
Healthy Living City Promotion Plan Term Project - Essay Example e communities and their audiences, the cultural Arts and Heritage Plan will articulate the vision and strategies for the advancement of culture in the city of Penticton . According to Hello BC (2014), the city of Penticton is rich with cultural heritage and arts which over the recent years have been neglected as result of the proliferation of modern technology and globalization. The promotional plan hence provides a framework for the assessment of the current situation of the culture, art and heritage in the city in relation to the economic boom in the city. Indeed, like every major city, Penticton has been characterized with unprecedented changes in terms of economic, political, social and environmental domains. It is hence prudent that relevant authorities, stakeholders and city dwellers undertake activities aimed at preserving, restoring and promoting the cultural heritage of the city beyond its local environs. As Canadas most entrepreneurial city, Penticton city was profoundly known for its historical heritage dating back to 7000 years ago (Penticton 2014a). Penticton town was formed in 1906 when the Southern Okanagan Land Company established an irrigation scheme. The town gained its city status in 1948 after the Second World War. Penticton city further became notable for its wine industry and tourist sites which were opened up by the completion of the Hope- Princeton highway in 1949 (Penticton 2014a). The cultural heritage culminated with the opening of the Peach Bowl center in 1965 (Penticton 2014a) Despite declining emphasis on the cultural and art heritage in the city, there has been notable improvement and promotion of cultural heritage over past 10 years (News 2014). Advancement in the management of museums, archives and heritage sites has been due to the formulation of key national plans and strategies aimed at conserving the cultural heritage of Canada. The strategic plans include The Museum Sustainability Plan (2005), the Arts Investment
Monday, August 26, 2019
Coca-Cola Brand Essay Example | Topics and Well Written Essays - 250 words
Coca-Cola Brand - Essay Example Target customers could be reached by offering the product that is packaged in can, to the manufacturers of sporting goods, gasoline stations, organizers of big sporting events, club wears, clubs and discos and clubs. b. Names of customer segments. These are the sportsmen, athletes, casual sports drinkers, lifestyle users, recreational users, teenagers, long distance drivers, night time workers and variety seekers who would like to experiment a new taste of drink. The market place of US, Western Europe, Great Britain, Germany, Spain, Mexico and Latin America have been chosen because, Coke has established a foothold in terms of market position in these areas. (Sami,Ullah, Khan). Launching of a new product will not cost too much in terms of publicity, PR and advertising Coke has been known for its quality product. Dealers will be encouraged to stock up with the product to increases sales, profitability and growth. Potential customers will be interested with PowerAde because of the belief that the product will give them the energy they need and that they trust that the product will look after his/her health, so that they can have all the fun they want without worrying for their health. As an energy drink, consumers buy them because they need it for their work. d. What kind of differentiated marketing strategy you will use to reach the target market? PowerAde will come in the form of cans. As an energy drink, it has a clear purpose that will differentiate it with other drinks. It can also be offered as an advertising media itself, by making a tie-up with promotion of events. For instance, the PowerAde in can may promote Olympic events, Milo marathon, Disney movie, car racing and big sports events that will attract
Sunday, August 25, 2019
Application Paper # 2 Corporate Values & Social Responsibility Essay
Application Paper # 2 Corporate Values & Social Responsibility - Essay Example The mission statement of Wal-Mart is we save people money so they can live better (About, 2012). The initiatives of the company are aligned with its mission because Wal-Mart has helped feed millions of people around the world. Wal-Mart has a complete social responsibility program that covers many aspects of social responsibility. As a firm that has billions of dollars in inventory, the company provides relief to people in need during natural disasters. The company responded immediately when the Katrina earthquake hit by donating $5 million. The firm has also help the victims of the Japan earthquake, floods in Mexico and Texas. To become more effective in its disaster relief efforts the company often partners with agencies such as FEMA and the Red Cross. The company demonstrates compassion and that they care about people in need. Wal-Mart is a company that believes in the value of philanthropy. The firm in 2011 donated money and merchandise worth $954 million. The goal of the company by 2015 is to donate 1.1 billion pounds of food and $250 million in cash. The organization has an environmentally friendly program to reduce the emissions and pollution produced by its operations. For instance Wal-Mart has installed 100 solar energy units at different locations. These solar power stores eliminate the dependency of the company on the electricity grid. Another technology that Wal-Mart stores are using to save energy is the installation of LED lights. The company has 180 renewable energy projects in operation that generate one billion kilowatts of renewable electricity. The company is the second largest buyer of renewable energy among U.S. retailers. The implementation of a solid corporate social responsibility program is a good strategic move that can help a business. Companies that act socially responsible attract the support and business of many consumers. Environmentally friendly initiatives are perceived by
Saturday, August 24, 2019
Toyota Aygo Marketing Essay Example | Topics and Well Written Essays - 2000 words
Toyota Aygo Marketing - Essay Example Then, there were only five car competitors for the urban youth market segment. However, competitors have grown to twenty today. Thus, in an effort to improve its position in the highly competitive segment, where customers are hard to win, in the year 2014, the company unveiled a new version of the Aygo model with modifications that make it more suitable for the young target customers. The model constitutes the largest individual market share of any Toyota model and has a remarkable track record of attracting new customers to the Toyota brand and winning their loyalty (Lap Lab). Young people have different tastes for cars from the older people. Firstly, they prefer small cars. Tus, in this respect, the Aygo model is small enough to suit the target customer needs. The carââ¬â¢s capacity is four people; the boot is also pretty small, though enough for a carry-on case/a few bags of shopping (Lap Lab). In addition, young people also want economical cars; they are young and not yet at financial peak. In this regard, Aygo is economical in two aspects. Its price is the cheapest of all Toyota models, the average list price in UK being à £8, 59. Further, insurance costs are also relatively lower, and the company offers attractive finance deals to make the car more affordable to the youth. Secondly, the model scores relatively high in fuel economy. The new recently launched model has a fuel efficiency of 68.8mpg, which is a big improvement from its predecessor (Lap Lab). In addition, the youth also want a stylish car with playful features. Styling is one area in which Toyota has majored in to achieve the upper hand in a competitive urban youth market segment. The new version has been designed with style and fun in mind which, the company says to have been inspired by the Japanese youth culture. While the previous Aygo looked tasteless, the new version has a fancy X arrangement that gives it
Friday, August 23, 2019
The cold war (1945 - 1991) Essay Example | Topics and Well Written Essays - 500 words
The cold war (1945 - 1991) - Essay Example Firstly, propaganda is used for opposition. Through spread of propaganda, an individual draws supporters who believe in him/her. In relation to the cold world war, the Soviet Union historically experienced frequent invasions from Russia, and immense death with subsequent destruction (Shaw 21). They sought to increase security by seeking assistance form neighboring countries. It is depicted that both the U.S and Soviet Union competed in building of nuclear bombs, which they used in their attacks. For instance, rockets developed were used to send astronauts and satellites in space. Joseph Stalin, a subsequent leader had his own version of the Soviet Union as a ââ¬ËSocialist islandââ¬â¢. The Soviet propaganda was enhanced. From his perspective, he had the notion that the Soviet Union was to attract other countries to capitalism during the period of temporary capital stability before its ultimate collapse. He believed that in order for the Eastern Bloc countries to escape Soviet co ntrol, it was necessary to establish an economic integration with the west. The manner in which information exists in both history and literature and further how knowledge is distilled proves how each overlaps with the other. In both, how a story is presented is as important as it is the subject matter (Dean 5). It was during February 1945 when allied negotiations attributed to the post-war balance at the Yalta Conference took place. The main aim was to enhance multi-national peace, but the efforts were paralyzed by the individualââ¬â¢s ability to use veto power. Further still, both allow a fundamental distinction between history and memory. This is because whatever is portrayed in both is then, as opposed to memory, which is now. Through critical management of documentary, it is possible for history and literature to get close to history as possible (Dean 7).
Statistics for clinical therapist Essay Example | Topics and Well Written Essays - 1250 words
Statistics for clinical therapist - Essay Example Such studies do emphasize the implicit need for getting a public opinion on the Health care services. Scholars like Gilhooly, Murray and Berkely (1991) have suggested how negative perceptions were present within the public suggesting that individuals themselves may be less likely to accept such care if offered. Their findings were uncovered during exploratory interviews and suggest that lack of public awareness, and awareness within the medical profession, may reduce the likelihood of patients accessing these services. The survey research was inspired by several research works in Glasgow and adjoining areas. The report of the findings of the first national survey in Scotland on public knowledge and understanding of palliative care in 2003 revealed certain interesting results such as the relation between income and choice of health services, importance of advice and support for patients etc. The surveyed participants are local natives of Glasgow. To get an accurate opinion on the issues that are related to the NHS the surveyed population will consist of respondents spreading over the age range of 20-50 years. The respondents would consist of an equal number or men and women so that the results are not gender biased. A gender biased research data is of little use in the formulation of policies or new interventions in health research. The research study also looked into several other parameters that impinge on the study. These include the economic status and occupation of the respondent. The status and occupation is likely to enable the formation of different opinion amongst the citizens in Glasgow. The survey was conducted with a questionnaire that contained only close ended questions. The respondents were selected on the basis of convenience sampling. The questionnaire is provided in the appendix. The results obtained from the survey are detailed here sequentially: c.1. The respondents were equal number of men and women. Out of a sample size of 400 respondents, there were 199 men and 201 women. c.2. the Age varied between 20-25 years as follows: 10 percent respondents . 20-22 yrs old 10 percent respondents . 23-25 yrs old 10 percent respondents . 26-28 yrs old 10 percent respondents . 29-31 yrs old 10 percent respondents . 32-34 yrs old 10 percent respondents . 35-37 yrs old 10 percent respondents . 38-40 yrs old 10 percent respondents . 41-43 yrs old 10 percent respondents . 44-46 yrs old 10 percent respondents . 47-50 yrs old c.3. About 50 percent of the respondents were students while the remaining 50 percent were the members
Thursday, August 22, 2019
Boeing-Case Study Essay Example for Free
Boeing-Case Study Essay The key elements of the resistance to change described in the Perrier case are: Lack of communication and the companies inability to inform the employees of what changes affected production at Perrier, the company made excessive changes, the company introduces a series of changes and the people felt the changes were unnecessary, and they were unsure if they would still have the required skills to continue to work for the company. Perrier has made quite a fair amount of changes in a short period of time and they will need to be aware that some people may not agree to the change and might not work to their full potential. Most of Perriers employees did not think the changes were necessary for the organization to grow. There were some employees who thought Perriers conducted unnecessary changes to impact their normal workload. The latter change was considered as the lack of conviction that change is needed. There was also the Perceived Negative Effect on Interest -this resistance to change will be affected by peoples perceptions of the likely effect of the change on their interests, a term that can cover a wide range of factors including their authority, status, rewards(including salary), opportunity to apply expertise, membership of friendship networks, autonomy, and security. The employees at Perrier were concerned with the implication of the change for themselves and how it may affect their own interests, rather than considering effects for the success of the business. 2. Construct a change management strategy for dealing with this situation. In so doing, identify what approach (es) to managing resistance you recommend and provide a clear justification for your choice. An article by Kotter and Schlesinger provides the classic description on managing the resista
Wednesday, August 21, 2019
Community Social Work In Modern Society Social Work Essay
Community Social Work In Modern Society Social Work Essay This study is an overview of current government proposals for the Big Society within community social work. In July 2010, Prime Minister David Cameron launched a project called the Big Society. It is considered by Mr Cameron that communities deserve to be empowered to have more of a say in what happens in their local area. The belief is that by doing this, many of the local services provided by the government can be taken over and run by community and voluntary groups, with Mr Cameron describing the project as a big advance for people power (www.bbc.co.uk/news, accessed: 30/10/2010). The theory base of community social work from a historical and modern perspective will be presented and evaluated. The study will provide a literature review of community projects in both neighbouring UK countries and Inner City London; examining their effectiveness in creating community empowerment to enable the possible resolution of social depravation. Particular attention will be paid to the differences that each geographical location possesses in terms of economy, culture and class diversity when considering each project and how this relates to its success. A maximum of four projects will be chosen to compare and evaluate and the study will conclude with lessons learnt for future social work in community work practice with the inclusion of messages from the Social Work Reform Board. The Big Society Debate However, Camerons notion of the Big Society has come under much criticism. The Guardians Jonathan Freedland has written a stinging attack on Mr Camerons proposals and his article posted What is Community Social Work? The idea behind community social work is the belief that peoples problems can be countered by liaising with the people within their social network. This may include friends and relatives, and neighbours. Social workers need to seek and reinforce such support networks for service users and aim to facilitate their growth where it has become apparent that such has lapsed. The work should be seen as both a protective and preventative strategy and is now considered to be the Par excellence of intervention strategy for promoting social inclusion. (Walker and Beckett, 2005, pg93). Therefore, community social work is effectively a method of promoting the social inclusion of individuals and their families by empowering them to seek and create the interventions they require. Walker and Beckett (2005) inform that social work is at the cutting edge of individuals, families or communities attempts to manage life challenges that have been influenced by both economic and social policy, welfare systems and the way they are made up internally. However, there are differing views on the concept of empowering people and using socially inclusive methods within social work. The first view is that the empowerment of service users may be considered to be self-evident if the worker sees the problems people are facing as products of the an unfair economic system that, Disenfranchises the weak, vulnerable, disabled or poor from equal participation and access to the resources produced by society. (Walker and Beckett, 2005, pg93). The aim of social work here would be to attempt to get service users involved and try to empower them to find a way of accessing the services that are available to them. Payne (1995) suggests of this issue that although public policy statements do aim to prove the value of community participation and user empowerment, community work may indeed, Draw attention to inequalities in service provision and in power which lie behind severe deprivation and therefore also become part of the struggles between people in powerless positions against the powerful. (Payne, 1995, pg165-166). The second view on the empowerment of service users is that it can give them (service users) an increased expectation of what can be available to them. It is believed that in this case, social workers may think that the correct thing to do would be to reduce the expectations of service users, forcing them to accept the situations they find themselves in and that they may become socially excluded just because that is the way it is. If this does become the case, social workers may fail to assist in the delivery of services that are available to service users, instead just seeking to help service users to manage with what they believe is available to them. Perhaps the best way to consider empowerment for service users is to use Trevithicks (2000) model of when practising social work you are either (a) doing things to service users, (b) doing things for social workers, or (c) doing things with service users. Community social work first came into being following critiques of community work after identifying that such was considered to be a completely different activity to that of social work. These critiques found that community workers and outreach workers were becoming marginalised from their colleagues within proper social work agencies. In order to prevent this from happening further, there was what was deemed a positive movement to embrace some of the principles and practices of community work within social work. Coulshed and Orme (1998) inform us that although independent community action has continued throughout history by being supported by dedicated community workers, policy developments that incorporated both the language of community and the work involved began to inform the actions of statutory social work as of the late 1970s. Despite this being the case, it is thought that such movements towards community care initiatives were not what social workers had necessarily thought to be correct. The above moves were initiated via the Seebohm Report (1968). An article by Eileen Munro said of the actions brought about by the report, The division between (varying) social work was seen as the problem, so social services departments were created to offer a joined-up service. (www.guardian.co.uk/society, accessed: 9/10/2010). These actions included the creation of social services departments that would have smaller administrative units with area teams serving their own geographical localities. It was believed that such would improve access to service provision for those placed within each locality and a wider sense of identification with the local area for social workers. Decisions could be made dependent on the person and their local need as opposed to the generic, centralised decisions that took place previously. Seebohms report also stated that each area-based organisation should change the relationship that social workers held within the relative catchment areas that the workers were operating. The report said of this that the departments should, Encourage, support and promote voluntary effort and engage in assisting and encouraging the development of community identity. (Seebohm, 1968, paragraph 477). Despite this change in the arrangements for which social services were delivered, Seebohms report did not properly address what it was community workers, or indeed social workers working with communities were actually supposed to be doing. Although the Seebohm report had considered the basic notions of community social working, the terms and principles of such were not defined fully until this was done by the Barclay Committee and published in a report in 1982. This definition was as follows: Community social work is, Formal social work which, starting from the problems affecting an individual or group and the responsibilities and resources of social services departments and voluntary organisations, seeks to tap into, support, enable and underpin the local networks of formal and informal relationships which constitute our basic definition of community, and also the strength of a clients communities of interest. (Barclay, 1982, p xvii). The emphasis on the role of the community within society continued following the Barclay Committees report and re-emerged towards the end of the 1980s. In more recent times, the Griffiths Report of 1998 looked at care in the community and was based around an aim of closer partnerships between statutory services and local communities as part of a larger welfare spectrum. The National Health Service and Community Care Act 1990 too pushed towards an emphasis on community work although Adams et al (1998) questions whether the theory was actually put into practice. Adams et al also speculate as to the difficulty that community social work continues to face as a result of continuing changes to social policy. In modern social work, it is considered by Beckett (2006) that it is beneficial to work with groups or families as opposed to working with individuals. Therefore it seems sensible that such an approach would naturally in some respects at least lead towards working within communities. Community social work is generally considered to be a similar activity to that of group work. This is because community work interventions usually involve the worker attempting to encourage the development of groups. However, community work is aimed more along the lines of self-help or social action in consideration of the group work spectrum. Community social work does not allow for the worker to do things for people, be that for individuals or indeed groups, but wishes to promote The development of organised activity by the community itself (Beckett, 2006, pg94) through either the self-creation of resources to meet its needs or even by joining forces to campaign against the authorities for not provid ing the necessary facilities. Henderson (2000, pg72) says of such an approach that At the core of the methods and skills is the idea of organising: helping people to come together to form an autonomous group. The above shows that in this context, the community worker is considered to be something of an enabler rather than the fixer within community projects. Despite this, it is also believed that community workers although being employed by the state and therefore still considered as an outsider within the community with which they are working take on a degree of benevolent paternalism as opposed to developing the necessary collective community action. Popple (1994, pg24) says of this, Historically community work has developed from two distinct roots: benevolent paternalism and collective community action. With the above in mind it is important to remember that the term community is still rather vague. It is borne from the notion that a complete neighbourhood can function as its own entity as opposed to acknowledging that neighbourhoods consist of many differing communities. Individual interest, ethnic communities, geography, familial extensions and workplaces all form part of communities, yet will often extend far beyond the neighbourhood in which they are formed. Community social work is according to Smale et al About the processes the workers engage in, the relationships they make and how they maintain and change them. adding These processes generate the specific aims and objectives of the workers and those they share the work with. (1988, pg23). The most important things that must be recognised by any community worker is the type of community that they are working with or indeed the type of community that they are assisting to help build. Evaluating Community Projects The Study So Far Conclusion
Tuesday, August 20, 2019
Significance Of Site Layout Planning Construction Essay
Significance Of Site Layout Planning Construction Essay Site layout planning can affect productivity and is crucial to project success. However, as construction is heterogeneous in the nature of its organizations, project designs, time constraints, environmental effects, etc., site layout planning for each project becomes unique. Affected by many uncertainties variables! And variations, site layout planning is a typical multi objective problem. Introduction Problem solving requires representing the problem in a language that problem solvers can understand. However, solutions of most construction problems rely on empirical Knowledge about the site layout that can be as a site space allocation for material storage, working areas, units of accommodation, plant positions, general circulation areas, and also access and egress for deliveries and emergency services. Furthermore, conflicting objectives and the uniqueness of construction projects like bad site layout make the problems difficult to conceptualize and define. In this report presenting, a routine task for many site staff in both precontract and postcontract stages of site layout planning of the typical multi criteria and multi objective construction problems. It is very much influenced by types of construction, density of development, and whether the site is bad or in a good layout. Significance of Site Layout Planning Site layout shows the relationship of the proposed site with its surroundings with respect to communication, approaches, and existing facilities. Good site layout planning assists in minimizing the traveling time and movement costs of plant, labor, and materials, activity interference during construction work, and site accidents, and ensures that work on buildings and other construction positions is not impeded by the thoughtless storage of materials on these locations. So site layout can thus either enhance or adversely affect construction productivity and progress. It is important to acquire the knowledge of the project site before setting out the site layout. The knowledge about the project site can be obtained from: Site Investigation Site investigation is a process of site exploration consisting of boring, sampling and testing so as to obtain geotechnical information for a safe, practical and economical geotechnical evaluation and design. Generally it is an exploration or discovery of the ground conditions especially on untouched site. In other words the main purpose of site investigation is to determine within practical limits, the depth, thickness, extent and compositions of each subsoil stratum, the depth and type of rock, the depth and composition of groundwater, the strength, compressibility and hydraulic characteristics of soil strata required by geotechnical engineers. Sometimes it is also known as geotechnical investigation. Wok Procedure for SI Steps of work involved in site investigation: 1.Desk study to collect all the relevant data and information, 2.Reconnaissance of site works, 3.Planning program after reviewing the above, 4.Ground or soil exploration includes boring, sampling and testing, 5.Laboratory testing (also field if necessary), 6.Preparation and documentation of SI report, 7.Engineering design stages, 8.Review during construction and monitoring. Steps of Soil Exploration Soil exploration consists of: Boring: Refers to drilling or advancing a hole in the ground. The test would include hand auger, motorized hand boring (wash boring), deep boring (rotary drilling), and/or trial pits. Sampling: Refers to removing soil from the hole. The samples can be classified as disturbed or undisturbed sampling. Disturbed samples are usually used for soil grain-size analysis, determination of liquid limit, specific gravity of soil as well as compaction test and California bearing ratio (CBR). The undisturbed samples are collected at least every 1.5 m and if changes occur within 1.5 m intervals, an additional sample should be taken. Testing: Refers to determining the properties from the soil. The test can be performing either at laboratory or at field. Laboratory testing would normally be moisture content, sieve analysis, liquid limit, compaction test, CBR and so forth. Field test would include Standard Penetration Test (SPT), Cone Penetration Test (CPT) and Vane test. Record of Soil Exploration It is important to keep complete and accurate records of all data collected. Boring, sampling and testing are often costly. A good map giving specific locations of all boring should be available. All boring should be identified and its location documented by measurement to permanent features. And all pertinent data should be recorded in the field on a boring log sheet. Soil data obtained from a series of test boring can best be presented by preparing a geologic profile: Arrangement of various layers of soil, Ground water table, Existing / proposed structures, Soil properties data (e.g., Standard Penetration Test values). The profile was prepared with data obtained from the boring, sampling and testing of each borehole from selected points. Summarizing Scope of site investigation works when planned by different engineers tend to be varied because there are an infinite number of conditions to be met and the process of planning also leaves many areas where individual judgment and experiences must be applied. It is also impossible to attempt to provide an exhaustive step by step guideline applicable to all possible cases. It should be realized that there is a possibility that any site investigation may leave some area unexplored or overlooked. The main risk in foundation design is the uncertainty involving in predicting soil conditions which may change with environment. The more site investigation the more it will reduce the margin of uncertainty but the time and cost requirement will be exorbitant. Therefore the extent and the cost of Site Investigation should be such that risk is at an established acceptable level to the designer and also comply to the accepted code of practice. Decision Criteria and Site Facilities Adopted in Site Layout Planning Although each site layout is unique, site layout planning can be resolved into a repetitive selection-evaluation process. Several analysis techniques can be used for the selection process for example, the dominant factor analysis and Parker s judgment technique, which can be used to screen out available decisions in choosing facilities, and identify key decision factors and locations for each particular facility. All space-planning problems consist of a set of activities to be located and a space in which to locate them. Site layout planning consists of identifying the facilities needed to support construction operations, determining their size and shape, and positioning them within the boundaries of the site. So, the most temporary facilities are classified into six important categories, which are tabulated in Table 1. Table1. General Classification of Temporary Facilities Temporary facilities Description Access road and exit Needs vary with the type of project and the stage of the job. It will normally be linked with the plan of construction and in some cases may actually control the progress of construction. Ideally, short direct routes and one-way traffic are encouraged. Location of plant and equipment Choice of the major items of the plant is of real consequence on most sites. Correctly chosen and well operated and maintained equipment enables a construction project to be completed efficiently and economically. Material storage and handling area Areas must be set aside for the storage and handling of material. The objective here is to minimize waste and losses arising from careless handling, bad storage, or theft, and to reduce costs by obviating double handling or unnecessary movement. Site accommodations and welfare facilities Consideration should always be given to the possibility of ensuring that the site accommodations are kept at a suitable distance from the construction work and are in such a position to enable the site staff to conduct their duties (welfare facilities also) Temporary services This includes water supply, electricity supply, gas, telephones, and drainage the requirements of which may vary between different projects. Workshop position Position should be indicated to enable the site supervisor to arrange for the erection of the following types of workshops: 1) fitter s shops and work area; 2) joinery shop and machinery area; 3) Reinforcement and bar bending areas; and 4) Concrete mixing. Bad site layout planning Bad site layout is usually a multi criteria problem involving in construction site without any or less temporary facilities regarding to the type of project. Fig1.Bad site layout Figure1 shows one of the bad site layouts occurs daily in construction site that the Decision makers made mistake. As you can see there are some missing temporary facilities like: 1. There is no enough access road to use. Only have two main entries that all type of vehicles can access. 2. No female toilet for any side of the site layout. 3. They don t provide any temporary office place 4. There is no storage for steel, timber and other facilities. 5. No temporary services including water supply pipes and waste storage like septic tank. According to all that things, we can say the site layout planning is bad layout. Cause for the lake of or missing of some important facilities that leads the hall project to be fulfilled. Conclusion Site investigation product plane such as space allocations and material transportations need a lot of experience and knowledge. The planning of a site layout in practice will depend upon a number of factors such as the time and money. The need for careful site layout and site organization planning becomes more relevant as the size and complexity of the construction operation increases, and especially where spare site space is very limited.
Monday, August 19, 2019
The Growth of Mothers and Daughters in Amy Tanââ¬â¢s The Joy Luck Club :: Joy Luck Club Essays
The Growth of Mothers and Daughters in Amy Tanââ¬â¢s The Joy Luck Club Every twelve months of every year the seasons change from spring, summer, fall and then winter.à The cycle repeats itself every year having similar weather conditions as the previous season before.à Like the four seasons mother and daughter are very similar in the way they change and grow throughout time.à A mother learns from her mother and then passes on her morals and rituals on to her daughters.à As the daughters grow with age they have a tendency to take on many qualities of their mothers such as their cultural ways and some day they will pass these traits onto their children.à Through years of experience and hard work, Amy Tan shows the viewers the experiences of the mother and daughters while growing up in Chinese and American lifestyles. Many of the women in the novel had great characteristics, which represented them as strong and faithful women.à One example of this is An-Mei and her daughter Rose.à When An-Mei was a child her mother was not in her life, she had re-married a man name Wu-Tsing, and she was then known as a concubine.à An-Meiââ¬â¢s mother was the third wife of three and in a Chinese family, re-marrying after being a widow is a shameful act.à An-Mei did eventually meet her mother and she learned a great deal from her.à She was always told to wear her best clothes when she was in the presence of her family and she even taught An-Mei a recipe that was intended to save lives.à Popo An-Meiââ¬â¢s mother was dying and this is what she told her daughter Rose.à ââ¬Å"This is how a daughter honors her mother.à It is shou so deep it is in your bones.à The pain of flesh is nothing.à The pain you must forget.à Because sometimes that is the only way to remember what is in your bones.à You must peel off your skin, and that of your mothers, and her mother before her.à Until there is nothing.à No scar, no skin, no flesh.â⬠(Tan 41)à An-meiââ¬â¢s mother had removed a chunk of flesh from her arm; it had her blood, her motherââ¬â¢s blood, and her grandmotherââ¬â¢s blood in it.à In this ritual a life was supposed to be saved, it was considered magic.à à An-Mei left with her mother to live with her and her new husband after her popo passed away.
Sunday, August 18, 2019
crtical thinking paper -- essays research papers
There is a South African Proverb that states "Until lions write books, history will always glorify the hunter". In his play "Los Vendidos", Luis Valdez tries to become a lion and let the voice of Chicano history be heard. Luis Valdez does this in a satirical way by presenting the views and stereotypes that many Americanââ¬â¢s have had and continue to have, about Chicanoââ¬â¢s in the form of a shop where Chicano "model/robots" are sold. By presenting each Chicano as a robot and stereotype, Luis Valdez tries to earse of the "models" of Chicanoââ¬â¢s that people have in their heads and tries to point out that there is a strong Chicano culture and a rich history that has been ignored by Americanââ¬â¢s for years. "Los Vendidos" is a challenge to all people but especially Americanââ¬â¢s to think about why these stereotypes are so known in culture and the role that American culture has played in creating and maintaining these stereotypes. One of the first things that Ms. Jimanez, the American woman "buying" a Chicano model/robot, looks at is the skin color. When the salesman, Mr. Sancho shows her the Indian model she says that he is too dark. She specifies that she is looking for a lighter shade of skin color, or as she says "perhaps beige". Her looking for a lighter shade of Mexican is a representation of what was known as the process of Americanization. Americanization was defined "as the securing through instruction such reactions on the part of non-Americans that they will accept and practice those ideals, customs, methods of living, skills and knowledge that have come to be accepted as representative of the best in American lifeâ⬠¦." For many people there was a belief that the darkness of a personââ¬â¢s skin had a direct correlation with their intelligence as well as their level of ability and intelligence. If you had darker skin you were assumed to be lazy and unintelligent. This special kind of racism known as hispanophobia, had been prevalent among Anglo-Americans since before the eighteenth century. In his article The Spanish Frontier in North America, David Weber describes what came to be known as the black legend, or la leyenda negra, as the view that the "Spaniards were unusually cruel, avaricious, treacherous, fanatical, superstitious, cowardly, corrupt, decadent, indolent and authoritarianâ⬠¦... ...a very polite gentleman who speaks fluent English and can give political speeches that are not as radical as the ones that were given in the 1950ââ¬â¢s to the 1970ââ¬â¢s. Ericââ¬â¢s skin, which is a light brown, is a way of depicting the fact that Chicano's are becoming more and more Americanized and in many ways serves as a warning to future generations of Chicanoââ¬â¢s to not Americanize themselves to the point where they lose their heritage. In this sense, Luis Valdez and the Teatro Compesina, become lions in a sense and they re-write history. They show their audience some of the stereotypes and hispanophobia that has up until now, been Chicano history. In doing so Luis Valdez presents the other view and challenges people to think about where, why, who, when and how these stereotypes came to be. "Los Vendidos" challenges the notion of the Anglo-Europeansââ¬â¢ being the only ones that have written history, and by doing so lets the audience know that wha t has been presented to them thus far is not the real Chicano history. The real Chicano history must come from the lions themselves. It is in this way that Luis Valdez himself rewrites Chicano history and becomes a lion facing his hunters.
Saturday, August 17, 2019
Apex Investment Essay
AccessLineââ¬â¢s initial financing came in the form of strategic alliances. In 1989, McCaw Cellular Communication invested in AccessLine, providing a considerable amount of their intial capital. This funding secured the strategic partnership between AccessLine and McCaw Cellular. This launched further alliances between AccessLine and other phone company carriers, in which AccessLine granted them an exclusive franchise in the market for a set fee. The carriers were permitted to market AccessLineââ¬â¢s service under their own company name. AccessLine also developed partnerships with equipment manufacturers such as Stratus Computer and Motorola, also providing them with a franchise in exchange for funding. However AccessLineââ¬â¢s growth prompted the need for larger investments. Thus, in 1994, AccessLine diversified their financing to professional equity investors. Providing funding worth $15. 5 million, AccessLineââ¬â¢s CFO Bill Stuart, and Morgan Stanleyââ¬â¢s Bill Brady executed the transaction, involving the private placement from five investors. Such a strategy was chosen due to AccessLineââ¬â¢s lack of capital in the initial stages of AccessLineââ¬â¢s establishment. AccessLine was not lacking in management or technology and thus was not in need of a venture capitalist in its early stages to control the company or provide the company with expertise or administration. Private investors, such as McCaw Cellular Communications, were more appropriate for AccessLine in that they provided the necessary funding without coercing AccessLine to forsake control of the company. McCaw also provided both clientele and investments. AccessLineââ¬â¢s lack of experience from mergers and acquisitions forced them to eventually turn to venture capitalists in 1994, a time when their strategy had changed. The venture capitalists could help in evaluating a target company through their experience in purchasing and selling businesses. The funds from Apex Investment Partners would serve beneficially for AccessLine because of their vast knowledge and experience in the industry. George Middlemas and Rick Bolander, both of whom had joined Apex in the early 90ââ¬â¢s, had had previous experiences working in the telecommunications industry and racked up an extensive list of contacts in the industry. Thus, Apex would eventually prove to be a profitable investment for AccessLine.
Gothic stories Essay
Gothic is a word used in the twelfth century to denote certain types of architecture connected to the settings used by writers. Gothic fiction initiated as a genre in 1765 with Horace Walpoleââ¬â¢s novel ââ¬Å"Castle of Otranto.â⬠The majority of Gothic writers would take drugs which inspired them to put pen to paper and write about numerous Gothic features and produce their story. Normally characters are associated with odd or ritualistic behaviour often involving the supernatural. The Gothic Golden Age occurred between 1765 and 1844. Boundaries and limits are both established and challenged by both writers and characters. Tensions between the scientific and the supernatural are often made apparent. Examples of these Gothic features can be found in The Signalman, The Hand and The Dream Woman. Traditionally Gothic stories are set in castles, churches, darkness or other locations with a sense of evil. Gothic stories are mainly set at night to add an extra illusion of fear. Should a Gothic story be read in a dark room extra fear, tension, anxiety and anticipation would be inflicted upon the reader. This is because when a gothic tale is read in the dark there is a sense of someone or something watching you. Readersââ¬â¢ expectations when reading a Gothic tale are to read about elements of the supernatural, skeletal or ghostly images and pathetic fallacy. In ââ¬Å"The Signalmanâ⬠Dickens writes ââ¬Å"he was a dark sallow man, with a dark beard and rather heavy eyebrows.â⬠This quotation consists of an example of a ghostly, corpse like image. Dickens is Describing a ghostly figure. ââ¬Å"The Signalmanâ⬠written by Charles Dickens is a perfect example of a gothic setting. The story has many examples of unusual events. Dickens writes ââ¬Å"so steeped in the glow of an angry sunset.â⬠This quotation informs the reader that the sunset has a violent glow which is unusual for a sunset, the skyline is a deep blood red. ââ¬Å"The Signalmanâ⬠is set at the Signalmanââ¬â¢s hut where the cutting through the tunnel by the hut is unusually deep and gives a sense of foreboding to the reader. The tunnel is made through clammy stone, which became oozier and wetter as you walked to the tunnel and made anybody petrified to enter it. ââ¬Å"The Handâ⬠written by Guy De Maupassant uses great examples of death, a main gothic feature. De Maupassant writes ââ¬Å"I bent down close to the corpse and between his clenched teeth I found one of the fingers from that vanished hand.â⬠This quotation informs the reader that a finger from the missing hand has been found, but in what mysterious circumstances. Also in ââ¬Å"The Handâ⬠the hand itself is described with much detail. The writer states ââ¬Å"The fingers were abnormally long and were attached by enormous tendons to which fragments of skin adhered.â⬠In this quotation the writer is describing the hand in such ghoulish detail the reader has an image of a gruesome hand projected onto their minds which they will find hard to forget. A feature of gothic tradition is the use of dark colours to emphasize the evilness of gothic characters and buildings. In the novel ââ¬Å"The Dream Womanâ⬠the writer says ââ¬Å"The flame diminished to a blue point and the room grew darkâ⬠The effect of this quotation on the reader is that it adds extra fear and suspense due to the darkness. A main aspect of gothic tradition is elements of the supernatural. In ââ¬Å"The Handâ⬠the writer states ââ¬Å"I thought I saw the hand running like a spider.â⬠This is an example of elements of the supernatural because a hand running like a spider is beyond scientific understanding or the laws of nature and not something any human would have seen. In conclusion gothic tradition is a fascinating subject because the use of dark descriptive language is effective in giving the reader a terrifying experience. Short stories are effective because the action is condensed and it all happens in a short space of time. There is less background information; all the descriptive paragraphs are there to give atmosphere, the spooky dark events. Short sentences have greater impact than longer ones, particularly when exclamation marks complete them.
Friday, August 16, 2019
Hershey Essay
The Hersheyââ¬â¢s company mission is ââ¬Å"Bringing sweet moments of Hershey happiness to the world every day. â⬠Hersheyââ¬â¢s mission statement is short and sweet. They are able to address the majority of the nine components of the mission Statement with one sentence. Their customers are the world, their product is Hershey, their market is the world, their philosophy is to bring happiness, and their self-concept is that they perceive themselves as a company that can bring happy moments to individuals who use their products across the world everyday. There are nine component of mission statement ,whisch is Customers, Products/Services, Geographic Markets, Technology, Concern for Survival, Philosophy, Public Image and EmployeesDistinctive Competence. The mission statement needs to include some description of the function of the business. For example, ââ¬Å"to promote industrial excellence,â⬠tells customers and employees nothing. A more effective description would be ââ¬Å"To provide management consulting services. â⬠An effective mission statement sets out, in broad terms, the target market. A manufacturer that makes nuts and bolts might set its target market as retail hardware stores, machine manufacturers, or both. The business must determine what region it serves best and relay that information by way of the mission statement. A garage, for example, might limit its target region to the community while a magazine company might target an entire country. Mission statements typically include a statement of company values. Values such as customer service, efficiency and eco-consciousness often appear on lists of company values. At their best, company values should express principles the company explicitly tries to affirm in day-to-day operations. For businesses that rely heavily on technology, the mission statement should include a description of the essential technology the company does or plans to employ. If nothing else, this directs purchasing agents toward the appropriate vendors for goods and services. Every company has a policy regarding its relationship with employees. A mission statement provides an opportunity to describe that policy in brief so employees know the essentials of where they stand. Effective mission statements also include a brief description of the businessââ¬â¢s strategic position within the market. For example, the company might excel at serving residential clients and seek to maximize that strategic advantage. For for-profit ventures, businesses require clear financial objectives. A start-up company might set one of its financial objectives as making an initial public offering of common stock within two years. This lets the employees and potential investors know the company intends to go public, with all of the legal and record keeping ramifications that entails. Like people, companies develop public images. Careful companies craft the public image they want to establish and lay out the major features of it in the mission statement. This helps managers direct employees that stray from the sanctioned public image. Hersheyââ¬â¢s objectives * To promote the health benefits of Hershey Chocolate * Help the consumers change their mind-set that chocolates are unhealthy * To spread awareness and increase sales of product Critically analysis the strategic objective of Hersheys company. Answer : Hersheys as the popular chocolate company has provided a good list of objectives of their company. Firstly, Hersheys company try to give an effort on promoting the health benefits of their product to shared it with thier customer. For the example, Hersheys company win their customer by influence them to make a choice Hersheys chocolate as the best healthy chocolate. This parallel to the second objective of Hersheys company that to bring hope to help the consumers to change their mind-set about the unhealthy of taking chocolate. So that, by implement the first and second strategy Hersheys company can increase sales of product and spread awareness well. Based on Specific, Measurable, Attainable, Responsible person and Time specific (SMART) Hersheys Company not follow the technique wisely. For the Specific part, Hershey company fail to specific their goals. They must try to answer the questions of how much and what kind with each goal writen. On part Measurable, the company must set the goals that stated in quantifiable terms, or otherwise theyââ¬â¢re only good intentions. Measurable goals facilitate management planning, implementation, and control. Hershey shown the implement to getting the customers that has mind-set of chocolate is a healthy junk food. Besides that, the third aspect of SMART technique is Attainable that talk about the goals must provide a stretch that inspires people to aim higher and make sure the goals must be achievable, or theyââ¬â¢re a set-up for failure. For the Hershey company, they objective or goals that want to change customer mind-set about taking chocolate is a good habits that inspired their customers to increase their loyalty. Fourth aspect is the responsible person or group of department to take the responsibility to run the objectives. The goals must be assigned to a person or a department. But just because a person is assigned to a goal doesnââ¬â¢t mean that sheââ¬â¢s solely responsible for its achievement. Hershey company did not state clearly who or what department must take the important part of implement the objective of the company. Lastly, aspect of time specific which is reference to time, the goals must include a timeline of when the goals should be accomplished. The Hershey did not state it in their objective. This is make the goals can become flexible to achieve that never based on time setting. Besides that, Hershey company also has their own strategy as an backup of their objective which is entering new market in Canada, United States, Mexico,Brazil and other international locations(India,The Philippines ,Japan and China), producing new products with new brand name, expanding its global presence via joint venture and merger, supporting environmental and social projects, increase sales using promotional materials and the last is roducing healthy chocolates.
Thursday, August 15, 2019
Poem Interpretation
The poems of Robert Frost reflect a journey, his own personal journey. But more than that, it describes a period of American exploration. ââ¬Å"Desert Places, Stopping by Woods on a Snowy Evening and The Road Not Takenâ⬠reveals the poetââ¬â¢s thoughts about the occurrence of changes during his time. It is a revolutionary period for the United States. The Industrial Development is underway, and it fuels a new age in American History. A country is on its way towards progress, and so is Robert Frostââ¬â¢s claim in the literary circle. IN A CAPSULE There is an emotional attachment found in the poem, ââ¬Å"Desert Places.â⬠It may describe a situation out in the cold but inner feelings become a far-reaching instrument on what the poet thinks about things. The portrayal of loneliness is best described in a deserted place on a dark and snowy evening. Treading the road alone brings a heavy feeling. No one is on sight but there is much to overcome. The inner will is far diff icult to tame than the elements along the way. Mr. Frost points out that the actions to deal with certain situations are up to the individual. While there are external factors and influences to consider, what keeps the event in check remains a personal decision.The poet exemplifies a brave stand to never succumb to outside inhibitions while at the same time controlling his inner fear. In ââ¬Å"Stopping by Woods on a Snowy Evening,â⬠Robert Frost brings his loneliness into the scene. He is deep in the woods but the snow is still there. His horse is there to keep him company. The place is dark alright, maybe darker than what is seen in the ââ¬Å"Desert Places,â⬠but fear to move onwards has been controlled. ââ¬Å"Lovely woodsâ⬠is a great description for keeping things in control. But what makes the poem different is that, it is about pursuing dreams and keeping promises.The individual doesnââ¬â¢t stop for anything. His travel continues. His appreciation for what he sees in the woods may have been inspired by the dreams and promises. With those things in mind, he just keeps going and going if only to bring some truth to what he needs to achieve. ââ¬Å"The Road Not Takenâ⬠is a piece about choosing sides. It is about options. The poet may have been crossing different paths during his time that he shares his views on what road to take. Robert Frost may have recalled a fateful decision that he made in the past which had a profound impact on his later life.One important note that the poem emphasizes is staying true to something that has already been decided. There are no explanations to consider. Only a statement rings true that taking a side has brought a positive outcome. The poem goes straight to the context of hitting the mark. There are no complaints and no explanations are necessary to back up the road earlier chosen. EVOKING IMAGES A shadow of doubt is cast initially among the three poems. It reveals how human Mr. Frost is to harbor hesitant and uncertain feelings. He goes on to describe the difficulties of finding dreams and making things happen.The literary pieces evokes feelings of being lost in the storm and managing to locate the right track and come out of it all, not necessarily unscathed, but nevertheless victorious. Perhaps people can sympathize what all three poems depict. There is a sense of urgency to do things. A variety of feelings will lead an individual to the unpredictable and the unspeakable. But it is the inner conviction that wins it in the end. A determination withstanding the faces of hardship and difficulty as portrayed by the falling snow and the dark nights will be the vital factor to turning things around.Emotions frequent the poems of Robert Frost. Individuals share in the experience of braving the odds and gaining victory against adversity. Peopleââ¬â¢s inner selves vary but all feel the same way. It is how a person responds to the challenges and the tides of the times that make his life worthy. The poems are timeless, and can be a source of inspiration for generations to come. But it is up to the reading public how they interpret Mr. Frostââ¬â¢s words. Literary masterpieces such as the three poems have a whole lot of meaning to consider. It is as deep as many other pieces can be. It is what makes people human.And it is what keeps the poet man as well. The words itself can bring forth fire and fury. Everyone is on familiar ground. Mr. Frost fuels that desire to conquer and achieve things beyond peopleââ¬â¢s dreams. This is what binds individuals together. Goals are shared. It is inspiring to address the powerful and brilliant message that the poet instills in the minds of the willing literary enthusiasts. Fear is still felt by the individual. Mr. Frost points that out in the ââ¬Å"Desert Places. â⬠The line which states that ââ¬Å"They cannot scare me with their empty spaces,â⬠evokes a sentiment of being afraid.It is a common feeling. But the biggest difference among readers and followers is how to manage or react to that type of situation. Even the horse in the ââ¬Å"Stopping by Woods on a Snowy Eveningâ⬠wondered about the individualââ¬â¢s doubtful and untrusting attitude towards adversity. Numerous challenges are everywhere. It can be devastating all of a sudden but making dreams come true can be worthwhile. REPRESENTING THE WORLD Most masterpieces inspire people. A poet reveals his thoughts and feelings to many for the purpose of helping others cope up with situations. It is more than poetry.There is nothing more frightful than being stalked out of oneââ¬â¢s goals. It all begins with the road. Hardships come and unveil the true character of the individual. Robert Frost seems to be putting the words into his mouth. It can be that his poems are all a reflection of his actions but it can also be that he is putting on a challenge for the rest of the people to follow. He is merely showing the way, showing his emotions to be used as the basis for everybody to look into and get motivated. It is Mr. Frost who gets to speak in his poems but in reality, he is representing each and everyone.People share common dreams. People feel the same fear. The same difficulties lie ahead. The same situations present itself in everyday life. The only denominator is the approach an individual makes while undergoing the various scenes that the poet has depicted for the rest of the people. His marvelous words are written for everybody. If there is a thing in this world that needs changing, it is solely the character of man. People have to be reminded every now and then about certain ideas and information which regards to daily living. Almost always, life is being taken for granted.Robert Frostââ¬â¢s words are just in time to voice essential lessons repeatedly into the minds of many individuals. While his poems are written in the past, the values contained on it are as valuable today as it has been yes terday. One thing worth taking note among Mr. Frostââ¬â¢s poems is the way his masterpieces are told doesnââ¬â¢t complicate things further. It may not bring forth the light of enlightenment but at least it puts a sense of purpose to everything it says. The titles of the poems possess a degree of hiding the content a bit. ââ¬Å"Desert Placesâ⬠marks that inner fear inside most individuals.But until reading those words until the last stanza, the reader will wonder what Mr. Frost is up to in the first place. Literally, many people will think that the title may correspond to some scenery in the Middle East. But it is not. The reading public must therefore think in order for the poetââ¬â¢s words to sink in. ââ¬Å"The Road Not Takenâ⬠keeps people which path the poet choose. His idea of bringing the main thought of the poem is to reverse things a little to allow thinking. There is a twist but never to a level of great difficulty. Mr.Frost has taken the less traveled r oad which leaves many wondering what happened to the other path. In ââ¬Å"Stopping by Woods on a Snowy Evening,â⬠the poet again is diverting the attention from the true focus of the lines. Perhaps many are waiting for his story about the reason why he stopped during a snowy situation. But the answer to that may have led the readers to Mr. Frostââ¬â¢s effort to keep going in order to make his promise a reality. Poems may be a mind-twister. But it allows individuals to look deeper. There are details that lead some lines astray.However, it is meant to be as it is just to make the poem a remarkable journey and adventure. SYMBOLISM The three poems are written as narratives. Perhaps based as personal experiences of the poet, a story from each is learned. But always, Robert Frost is hiding something in between the lines. It is not necessarily on purpose, however, there is a need for the reader to uncover some contents of the poem which allows a greater understanding of the piece in its entirety. There are thoughts in between the lines which can be interpreted as mere distractions.The truth is, the ideas are supporting the content of the main thought. There is a real meaning behind most words in the poems of Mr. Frost. Loneliness must never be taken as it is, literally, that is. It can be an emotion of someone craving for attention. It can be a personal journey. It can even be finding oneself in the process. There is whole lot of meaning to the words in between the lines. The familiarity of the poems can be attributed not merely that all are written by the same poet. Robert Frost presents an approach which an individual can relate to in real life.By being in the middle of a snowy night, anybody can put himself on that situation. By being along and driven cold, most individuals press on to achieve their goals. The poems of Mr. Frost are founded on simple yet understandable narrative which presents a scene for readers to follow. It can be that the readers are themselves the heroes in their very own situations. Overcoming difficult situations are present in the ââ¬Å"Desert Placesâ⬠where the poet not minding the danger presented by the snowy night in the woods continues on with his trip to somewhere.A similar scene is depicted in the ââ¬Å"Stopping by Woods on a Snowy Eveningâ⬠where the individual plunges on no matter what. ââ¬Å"The Road Not Takenâ⬠tackles two paths along the way. Still the difficulty of choosing and going ahead with the decision is clearly seen and observed. Robert Frostââ¬â¢s poems uncover scenes of overcoming adversity. It is a symbol of what America stands for, a country on its way to prosperity and development. For always, the room for improvement is being acknowledged in this country. America is a work in progress.The Industrial Revolution during the 18th and 19th Century propels the United States to its seat as a world leader and superpower. With a mixture of different cultures, it continue s to thrive amidst the pressures coming from numerous differences among the races within its domain. America is constantly innovating and developing. Robert Frost portrays the need to pursue dreams and turn them into reality. When a person comes to America, his ideals become a symbol of what the poet says. Everybody who goes to the United States is looking for something bigger. That someone is making the best of everything to live a comfortable life.Along the journey towards progress await the hardships and difficulties of making it big. During the Industrial Revolution, people rush out and risk doing things to reach the American dream. It is the age of inventions. Industries are revolutionized, and lives will never be the same again. That progress continues until today. And it continues to inspire through the words of Robert Frost. In search for a better life, immigrants are knocking on the American doors annually. While new to this country, visiting citizens blend well with their counterparts in doing things no matter how hard they are.To achieve dreams, taking risks mean everything. Mr. Frost points to hard work as the vital factor in pursuing goals and objectives. Roles and responsibilities must play its part to build dreams a reality. The poet is on hand to guide the rest of America into staking their claim for a place in the United States of America. CONCLUSION The deep woods and the falling snowy are very much a part of American culture. Simply said, the way these things are describe in the three poems reflects Robert Frostââ¬â¢s upbringing. He walks through the woods on a snowy night just like any American.How heavy and hard it is to trek the roads ahead make no difference at all as long as the individual marches on in search for his place in a progressive world, one which America and Mr. Frost represents. BIBLIOGRAPHY Collection of Robert Frostââ¬â¢s Poems Retrieved September 13, 2007 from http://www. everypoet. com/Archive/poetry/Robert_Frost/r obert_frost_stopping_by_woods_on_a_snowy_evening. htm Poems of Robert Frost Retrieved September 13, 2007 from http://www. poemhunter. com/poem/desert-places/ Poems by Robert Frost Retrieved September 13, 2007 from http://www. internal. org/list_poems. phtml? authorID=7
Wednesday, August 14, 2019
Out of This Furnace
Out of this Furnace, by Thomas Bell, tells the story of a multigenerational family of Slovakian immigrants. This family of five generations came to American in the late nineteenth century in search of a better life. One of the first to arrive, Djuro Kracha, arrived in the New World in the middle of the 1880s. The novel starts off telling of his voyage from the ââ¬Å"old countryâ⬠and the labor he performed to accumulate enough money for his walk to Pennsylvania. He ventured on his journey to Pennsylvania in the search for a job in the steel mills.The story also tells of his rejection by the mainstream community as a ââ¬Å"hunkey,â⬠and the lives of his daughter and grandson. Soon enough though, the family becomes somewhat acculturate and even ââ¬Å"Americanized,â⬠and they soon become to resent the treatments they suffer. Their slow rise to business ownership was quickly ended by a series of events; a summer of Djuroââ¬â¢s drinking habit, Djuroââ¬â¢s return to his work in the steel mills, Maryââ¬â¢s marriage to a worker in the mills, and Djuroââ¬â¢s grandsonââ¬â¢s disagreements with unfair labor prices.These events eventually intertwine with Americaââ¬â¢s transformation of the 1880ââ¬â¢s to the 1940ââ¬â¢s. During the 1880ââ¬â¢s to the 1940ââ¬â¢s, a wave of Eastern European immigrants grew in America, triggered by growing industries and advancing technology. This soon led to the establishment of steel mills, other factories, and plants which reshaped the American labor force. The experiences of Djuro and Mike, Maryââ¬â¢s husband, reflect a level of hostility towards Europeans from ââ¬Å"mainstreamâ⬠Americans and earlier. Without a doubt, the Krachaââ¬â¢s were negatively affected by stereotypes and attributions.However, the men and women who desired citizenship in the New World, Bell suggested only desired it to improve their lives and the futures of their families. Bell does not portray any immigrants who fail to accept the necessity of hard work. Therefore, Djuroââ¬â¢s minor episode of drunkenness shouldnââ¬â¢t take away from the years of efficient and effective work he completed to achieve his ââ¬Å"American dream. â⬠Another point Bell seemed to make clear was that Mikeââ¬â¢s idealism was a consequence of his own desire to participant in that dream.The novel is set at a time when most people believed that the diverse ethnic groups entering the United States actually had a damaging effect on culture. Dobie Dobrejcak wanted to improve working conditions, treatments, economic prospects, and the lives of working men. His beliefs of possible social transformation actually confirmed the American Dream and the willingness of people to chase their dreams, even against great odds. The majority of immigrant groups that traveled to America went in search of freedom and economic opportunity.These immigrants, in all actuality, made huge contributions to the growth of the cou ntry. Westward expansion was made possible for workers, even today; immigrants work jobs that might have otherwise gone begging. Thomas Bell even argues that the Jews, Catholics, the Irish and the Slavs were the ones that made Americaââ¬â¢s achievements and progresses possible. Bell uses Mike and Maryââ¬â¢s lives to reference the Americansââ¬â¢ want and demand for immigrants during expansion, and to express how out of favor immigrants were during Americaââ¬â¢s recessions.As the 1920s came around, recession and depression made immigrant workers unpopular and unnecessary. This novel tremendously expresses the lives of immigrants like the Krachaââ¬â¢s and Dobrejcakââ¬â¢s and explains their want to achieve parity and equality. In the book, however, the term ââ¬Å"Americanâ⬠did not change. The thing that truly changed was the determination to work against forces trying to prevent the family from entering the mainstream society. To truly understand the ââ¬Å"Amer ican Experienceâ⬠an immigrant had to realize that it was not a classical experience.It is known that early colonists and new immigrants coming to the United States had the same dreams and values. To them, the New World represented land opportunity, freedom of religion, the ability to overcome an aristocratic Old World, and the freedom to develop oneââ¬â¢s own wishes. The topic of immigration in America has always sparked massive controversy. Some people believed anyone had the right to move from country to country as they pleased. Others thought the immigrant population actually benefitted the country by facilitating economic growth, development, and prosperity.The Americans against immigration mainly focused on the differences of new cultural groups. Mostly though, the Native American party argued that the country was about to receive a threat due to the massive increase in the ââ¬Å"body of residents of foreign birth, imbued with foreign feelings, and of ignorant and imm oral character who receive the elective franchise and the right of eligibility to political offices. â⬠Others thought that new immigrants hurt American society because of their lack of education, their impoverishment, lack of skill and their Catholic and Jewish religions.Early opposition to specific immigrants was focused on any groups perceived as inferior to the Anglo-Saxon stock. Disagreements on immigration focused mainly on the immigrantââ¬â¢s lack of adaptability based on different ethnic groups. The views of non-immigrants were that; foreigners lower the intelligence, efficiency, and orderliness plane, they increased alcoholism, crime, and immorality, the barriers of speech, education, and religious faith cause divisions, and that immigrants add to the number of poor people, tend to be illiterate, and cause overpopulation.Early settlers of the United States were a mixture of whites, Anglo- Saxons, and immigrants. Every ethnic group that has come into the United State s has helped shape the American dream and shared that experience, rather happily or not. A major shaping of our economic system resulted from the influence of immigration that helped bring dramatic changes in our population census. The United States of America can mean a variety of different things to several different people.The core of the ââ¬Å"American dreamâ⬠is without a doubt, freedom and equality. However, this nation was founded on republican principles of justice for all, friendship with all nations, and alliances with none. Since then, these principles have undergone several changes. For example, today the United States has many ââ¬Å"alliancesâ⬠that influence its domestic and foreign policies. Nevertheless, ââ¬Å"justice for allâ⬠remains intact and continuously attracts new immigrants each year, while trying to determine what really constitutes ââ¬Å"justice and equality. ââ¬
Tuesday, August 13, 2019
Business Plan Term Paper Example | Topics and Well Written Essays - 1500 words - 2
Business Plan - Term Paper Example Other products include the production of irrigation equipments, Co2 detectors as well as bottles. Eco plastic and mould company concentrates in the manufacture of plastic products. It has been in operation in Taiwan for the lasts 12 years. In developing this business plan, the company wishes to introduce a new production unit. Recent technological advancement has ensured that manufactures of plastic use materials economically. Therefore, Eco- plastic and Mould Company provides new plastic containers that replace traditional metal containers. For the last 50 years, metallic containers have been important feature in industries. However, metallic containers are prone rust, require painting, and are difficult to recycle. With this in mind, the company provides drums with same structural strength but of plastic material (Luo, 2014). On the other hand, plastics have an ability to take various shapes through molding. Since plastic products are rust, proof, able to stand diverse climatic conditions, their use in Taiwan captures a wide market. In Taiwan, plastic products have gained acceptance with diverse consumers. The company uses advanced engineering on polymer to produce high impact materials, long lasting materials. Such engineering advances have made it necessary for the production of industrial drum products. The company enjoys a market opportunity for recycling plastic products. Taiwanââ¬â¢s growing population provides great market opportunity for Econ plastic and Mould Company. On the other hand, the greater Asian market provides a wide market opportunity for the company (Miltenburg, 2005). In terms of competition, Formosa Plastic corp. probably is the most competitive organization in the region. Eco plastic and Mould Company operate in Taiwan and within the Asian region. The company began its operations over 10 years ago. It specializes in producing quality plastic products as well as plastic
Monday, August 12, 2019
Entrepreneurship Essay Example | Topics and Well Written Essays - 2250 words - 1
Entrepreneurship - Essay Example These theorists argue that social networks provide privileged access to entrepreneurs to their required resources which helps them progress in the business. On the other hand, there are factors other than knowing others which contribute to successful entrepreneurship. The paper develops a critical view towards the notion of social networking and contact-building and its relationship with entrepreneurship. The significance of social relations in entrepreneurship has since long been recognized with the same being used by entrepreneurs to obtain resources and advice on starting their business. This is because the need for contacts is evident at various phases of the new business. Relationships between entrepreneurs and those who possess resources required for the startup are quintessential to the success of a new business. Although the entrepreneur possesses the competence and knowledge as well as a novel idea to run the business, complementary resources may be required. Contacts provid e the resources, knowledge and/or market accessibility required for making the business idea work. Knowing individuals and organizations that operate amongst themselves broadens the resource base available to entrepreneurs for successfully running the business. Contacts that enable success of the new firm comprise the social capital and are essential components of entrepreneurial networks. The social capital, therefore, refers to the individuals who help entrepreneurs in getting things done. These contacts include, but are not limited to, individuals in the professional networks as well as friends and peers from past jobs. They form the basis of the wider entrepreneurial networks that comprise of not just individuals but clusters of companies and organizations. By increasing the size of their networks and number of contacts, entrepreneurs can get access to greater information and resources from those who are knowledgeable. Furthermore, the way in which entrepreneurs ââ¬Å"positionà ¢â¬ themselves in the network determines the extent to which they are able to take advantage of their contacts. The aim of such positioning is to shorten the path to the contacts in order to get tasks done. Finally, members of the social network often tend to organize themselves by interacting amongst themselves which leads to the development of ââ¬Ëmultiplexââ¬â¢ ties that benefit the entrepreneur even more. Furthermore, family members too can play an important role in entrepreneurial success. In fact, they play a critical role in so far as entrepreneurship is examined in the context of family business (Rosenblatt et al., 1985). Therefore, knowing family members who have been involved in entrepreneurial business in the past is definitely an ingredient for success for family-run entrepreneurial businesses. Entrepreneurs can benefit from the unique business-specific knowledge that is possessed by their family members including parents. Most importantly, for maintaining confi dentiality of the business idea, most entrepreneurs may find it easier to obtain advice and guidance from their kin rather than non-kin contacts. On the other hand, having strong family ties may inhibit entrepreneurs from accessing a much larger pool of resources and information from non-kin contacts (Birley, 1985) (Renzulli et al., 2000). It is rare to have knowledgeable individuals from all disciplines of business (such as operations, marketing, HR) in oneââ¬â¢s family (Renzulli et al., 2000). Hence, entrepreneurs will, at various times acquire the support of their acquaintances for this purpose. However, this social network is not developed instantaneously and may
Emerging Markets Finance Essay Example | Topics and Well Written Essays - 3250 words
Emerging Markets Finance - Essay Example It is only recently tht ttempts hve been mde, s in Ghosh nd Ghosh (2002) nd Mulder et l. (2002), to incorporte institutions more systemticlly into erly-wrning systems. But this hs just strted nd systemtic wy in which to model the crisis-relevnt institutionl setting hs not yet been found. Erly-wrning models focussing solely on CEECs hve completely neglected institutionl fctors. Generlly, empiricl studies on CEECs re scrce, despite the specil importnce of detecting vulnerbilities not only in the run-up to the CEECs' membership of the EU, but especilly lter on during ERM II prticiption. This pper discusses the importnce of infltion nd currency stbility s the wy of the economy development of emerging countries. The pper is structured s follows. First, look is tken t the theoreticl pproches dopted to explin currency crises nd the importnce of infltion nd currency stbility on the development of emerging economies. This prt prticulrly seeks to show the chnnels through which institutions cn influence country's vulnerbility to currency crises. In the second section, n econometric logit model is used to exmine the extent to which institutionl fctors cn serve s erly-wrning indictors for currency crises in Estern Europe. Recent yers hve witnessed d... Such low levels of infltion hve not been seen since before World Wr II, when, mostly tinder the discipline of the gold stndrd system of fixed exchnge rtes, prices were roughly stble nd episodes of defltion were not uncommon. The recent decline of infltion in emerging mrkets looks ll the more impressive ginst the bckground of the 11970s nd 1980s. Infltion begn to rise grdully in the 1950s, but it ccelerted drmticlly in the 1970s nd erly 1980s, culminting in severl episodes of triple-digit nnul infltion nd four mjor hyperinfltions in the lte 1980s/erly 1990s. From tht point on, disinfltion ws steep. This rise nd fll of infltion in emerging mrkets ppers to reflect in prt chnges in the interntionl monetry system nd infltion trends in dvnced countries. One notble feture of the post-World Wr II period ws n increse in infltion persistence compred with erlier historicl ers, when infltion ws either generlized nd grdul (e.g., following the gold discoveries of the fifteenth through the nineteenth century), or rpid nd specific, reflecting exceptionl fiscl strins (s during or immeditely fter wrs). This grdul increse in the persistence of infltion, combined with the brekup of the Bretton Woods interntionl system of commodity-bsed money nd the ssocited removl of externl constrints on ccommodtive monetry policies, mde it possible for the supply shocks of the 1970s to push world infltion to unprecedented pecetime levels, producing the "Gret Infltion" of the 1970s nd erly 1980s. To the extent tht emerging mrkets imported this infltion, loosened fiscl policies, nd lso dopted incresingly ccommodt ive monetry policies during the period, these externl trends were
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