Wednesday, October 30, 2019
Analysis essay of Shakespeares My Mistres' eyes are nothing like the
Analysis of Shakespeares My Mistres' eyes are nothing like the sun - Essay Example The poetââ¬â¢s affection towards his lover is evident in his words, and he very well knows that her beauty is less, but important. The mistressââ¬â¢ beauty is compared to the sun; her lips are compared to that of coral, her breasts to that of white snow, and her hair is compared to black wires. Again, the poet compares her cheeks to Rose flowers which are red and white in color, and her breath is compared to the fragrance of perfume. In the third quatrain, speaker compares her sound to music, and to a goddess who walks in the ground. It ends with a couplet in which the speaker declares that his love is rare and valuable. The speaker is in a satirical mood against the false comparison of love which was common in the traditional sonnets in early 1600s. This sonnet is selected for analysis because it helps one to have an idea about the private life of Shakespeare and the power of true love poem. It is argued that sonnet CXXX is a pure love poem and is strictly against the traditional sonnet pattern of the 16th century in England. Besides, Shakespeare is mocking the sonneteers of the 16th century who attempted to select extraneous objects to compare their lovers. Henry Brown, in his work-ââ¬ËThe sonnets of Shakespeare solved, and the mystery of his friendship, love, and rivalry revealedââ¬â¢ reflects that: ââ¬Å"A satirical picture of the mistress, in contrast to the high-flown terms used by the sonneteers of the dayâ⬠(Brown 134) the sonnet contains a satirical portrayal of the mistress, which lacks in the traditional sonnets of 16th century. It is a controversial issue that the character of the mistress is fictitious or autobiographical. If the character is real, her identity is open to debate. But it is clear that the sonnet CXXX is addressed to a lady by pointing out the words like ââ¬Ëmistressââ¬â¢, ââ¬Ëherââ¬â¢, etc used by Shakespeare. Personal ly, the sonnet is a love poem and there is
Monday, October 28, 2019
Essential Features of Contemporary Organisations Essay Example for Free
Essential Features of Contemporary Organisations Essay This essay aims to discuss why teams and groups are seen as essential features of contemporary organisations. Firstly, it will examine what exactly constitutes a group or team, then it will go on to discuss different types of groups and teams which exist within an organisation. Next it will explain why groups and teams are key to contemporary organisations in particular and finally, it will discuss the disadvantages associated with groups within organisations. Firstly, it is important to distinguish what exactly constitutes a team or a group. As Khan (2010) states, all teams are groups because the individuals in it have some kind of of unifying relationship, but not all groups are teams because the individuals making up a group may have very little or no interdependence and they could just as well work alone. For the purposes of this essay we will assume that the terms team and group are interchangeable. Therefore, a group is a collection of individuals who share a common set of norms, who generally have differentiated roles among themselves, and who interact with one another toward the joint pursuit of common goals (Steers and Black, 1994). Within an organisation different types of groups exist and are essential for the day to day running of the company. Formal and informal groups are the most common groups found within organisations; where formal groups are the groups brought together by the organisation for a specific purpose for example, the human resources department and where informal groups are the social groups formed voluntarily by individuals within the organisation for example, people who share common interests. Businesses cannot exist without both formal and informal groups. Informal groups provide individuals with a means of gaining help and support to carry out their particular objectives (which may or may not be the same as the organisations objectives) (Handy, 1993 as cited in Kahn, 2010). Informal groups provide employees with the social contact they desire which makes them more agreeable in the work environment and as such more willing to participate actively in their formal groups. Open and closed groups also exist within organisations; where an open group is one whose membership changes frequently and a closed group is one whose membership is relatively stable. In a closed group status relationships are established among the members, meaning that there will be clear cut high status and low status members. Within an organisation the management can manipulate these different sets of groups in order to achieve their goals. For example, keeping decision making groups as open groups means that leadership roles are more difficult to establish amongst the members and thus high status members of the group will find it hard to establish norms and the team will work to its best potential. Many contemporary organisations are now spread globally, so it is of utmost importance for them to factor in another type of group, the virtual group. Virtual groups are able to come together regardless of time and space restrictions to work on resolving any issues. Thanks to advances of the world wide web, for the first time teams can virtually collocate all of the information they need to work together and put it all in context (Lipnack and Stamps, 1997). Virtual groups allow the organisation to respond quickly to any market changes, take pressure away from top management and instil a sense of belonging and importance amongst the employees. The virtual group is an important factor for global organisations as it allows for cultural diversity in the solutions which are proposed. For example, the Chinese office may have a different way of thinking than the American office, but through virtual groups it is easy to transfer this cultural knowledge to other areas of the business. A more and more technology driven marketplace pressurises organisations to respond quickly to changes but thanks to these technological advances, organisations can begin to use the world wide web to their benefit through virtual teams. Virtual teams allow the organisation to easily spread decision making to trusted individuals rather than only to top management. Groups can be essential to an organisations level of productivity. If there is a high level of group cohesiveness the group will experience high morale and will become a desirable entity to be part of within an organisation which means there will be plenty employees willing to compete with each other for a spot in the group, which in turn raises productivity. Managers need to control the size of groups in order to stay at an optimum level of productivity and also offer incentives like bonus pay for good performance to enhance the desirability of the group even further. Groups also relieve some of the responsibility of the manager, as they do not have to keep a constant eye on each individual employee, they can trust that group members will spur on the productivity of the group in order to gain the proposed incentives. Groups can provide an organisation with more than one solution to a proposed problem because as Maier (1967) states, a group has a greater knowledge store than that of any individual. Monitoring the size of groups here is vital from management, as with a large sized group there may be plenty of ideas generated, but they are not necessarily well formed ideas. Splitting groups into smaller member sizes will ensure the ideas are well thought out and in an extremely competitive marketplace, this is the best strategy for managers to ensure they have a variety high quality solutions to choose from instead of opting for the first good idea that comes to light. As beneficial as groups are to contemporary organisations, it is also useful to be aware of some of the risks that go along with groups within organisations. Even though it is believed that the quality of ideas or decisions made within a group will be higher than from an individual, people have been known to make riskier decisions within a group context than they would ever have made alone. The reason being people want to conform to group norms as shown in the tests conducted by Milgram (1963). Milgram showed how easily people can be influenced to stray from their initial beliefs for the norms of the group and also how easily people go back to their own beliefs if the group is in support of them through his experiments. This all shows how easily influenced people can be and how they will change their behaviour to that of their peers in order to avoid possible conflict. One further disadvantage of groups within organisations is the theory Groupthink which was developed by Irving Janis (1972) which states that once within groups individuals may lose sight of the end goal and instead only focus on reaching an agreement. If suffering from groupthink people may become over confident and invulnerable, they may view outsiders in negative terms and disregard their views and they may force different thinkers to conform to their ideas. Football fans tend to be affected by groupthink, for example, they get sucked into the group and follow the behaviour of others which is vastly different from the way they would act in their day to day lives. Managers can combat groupthink through a number of ways and thus maintain the effectiveness of the group entity to the organisation. In conclusion, groups and teams are essential features of contemporary organisations. Groups come in many forms and businesses cannot exist without the merging of all different types of group within the organisation. Virtual groups are key to contemporary organisations as they allow the organisation to stay up to date in the technology stakes and also allows them to merge great minds from the different corners of the globe. Groups with high levels of cohesiveness will increase the productivity of the organisation and can be encouraged and manipulated by management to remain productive. Although groups are essential features of organisations they do also come with their disadvantages, groups can lose their individuality and take even riskier decisions than they would ever do alone. From this essay it is clear that groups and teams are essential features of contemporary organisations as long as the top management understands the complexities of the group and keeps renewing membership s o as to gain the most benefits for the organisation. References Kahn, H (2010), ââ¬Å"Groups and Conflict Managementâ⬠(chapter 6), Organisational Behaviour, Heriot Watt University Steers, R. M and Black, J. S (1994) Organisational Behaviour, Prentice Hall Lipnack, J and Stamps, J (1997) Virtual Teams, [online] Available at: http://books.google.co.uk/books?hl=enlr=id=171-FrLDhvUCoi=fndpg=PR17dq=virtual+teams+lipnackots=Bu_xw63cfIsig=Is-ymM KvujoYxynZKxXfIJ_tQs8#v=onepageqf=false [Accessed 4 November 2011] Maier, N (1967) ââ¬Å"Assets and Liabilities In Group Problem Solving: The Need For An Integrative Functionâ⬠Psychological Review, Vol 74(4) [online] Available at: http://psycnet.apa.org/journals/rev/74/4/239/ [Accessed 4 November 2011] Milgram, S (1963). ââ¬Å"Behavioural Study Of Obedienceâ⬠Journal of Abnormal and Social Psychology, 67 [online] Available at: http://www.wadsworth.com/psychology_d/templates/student_resources/0155060678_rathus/ps/ps01.html [Accessed 4 November 2011] Janis, I. L (1972). ââ¬Å"Victims of Groupthink: A Psychological Study of Foreign Policy Decisions and Fiascoesâ⬠Houghton Miffin.
Saturday, October 26, 2019
Implementing the Ramsar Convention in Developing Countries: The Role of
Implementing the Ramsar Convention in Developing Countries: The Role of Local Community Support and Involvement Over the last two decades, ââ¬Å"a consensus has gradually emerged that long-term conservation depends on understanding and support from those closely connected to the environment and its resourcesâ⬠(Shine, Klemm, 1999.) Several international environmental conventions have reflected this consensus by establishing a legal basis to involve local communities, especially those in developing countries, in their implementation. Recent changes in the focus of the Ramsar Convention on Wetlands are consistent with this global trend towards emphasizing the importance of community support and involvement. Adopted in Ramsar, Iran on February 2, 1971 in response to the alarming rate of worldwide wetland loss and degradation, Ramsarââ¬â¢s mission is ââ¬Å"the conservation and wise use of wetlands by national action and international cooperation.â⬠The Ramsar Conventionââ¬â¢s move to promote community involvement in wetland conservation began in 1990 with the initiation of a Small Grants Fund, created to fund local non-governmental organizations and community wetland conservation projects in developing countries. In its 1993 ââ¬Å"Additional Guidanceâ⬠publication, the Ramsar Convention asserts that countries should incorporate into their wetland management plans procedures to guarantee that local communities are involved in decision-making, and have a strong knowledge of wetland issues. Is the international environmental community correct in their assertion that implementation depends on local community support and involvement? As the Ramsar Convention is one advocate of this assertion, this study sought to determine if local community support ... ...unity is correct in their assertion that local communities are critical for the implementation of all other conventions. Works Cited Mangrove Action Project: Yadfonââ¬â¢s Way Thailandââ¬â¢s Community Forest Projects: The Fishers That Rescued the Sea. Online. Available: http://www.earthisland.org/map/sstal.htm. Updated May 7, 2002. [accessed 4/24/04] Ramsar Convention on Wetlands: The Lake Naivasha Riparian Association (LNRA), Kenya. Online. Available: http://www.ramsar.org/key_awards99_interview_lnra.htm. Updated May 7, 2004. [accessed 4/25/04] Shine, C., Klemm, C. 1999. Wetlands, Water, and the Law. International Union for the Conservation of Nature and Natural Resources: Cambridge, UK. Susskind, L., Moomaw, W., Gallagher, K. (Editors). 2002. Transboundary Environmental Negotiation. John Wiley and Sons: San Francisco, CA.
Thursday, October 24, 2019
My Quality World
Typically when people think of their quality world they think of the perfect life; fun, friends, the dream family, dream Job, and the money to buy anything they desire. Of course ideally I want the finer things in life, but I would never want to be the type of person to be the type of person to take handouts. I aspire to be a strong, independent, intelligent woman with strong determination & whom is persistent to honestly earn everything I have. I am currently working towards an associates in counting, and later transfer to an university for a bachelors in business administration.Afterwards I will like to get my relaters license. I want to flip houses on the market, and use that money to invest into other business ventures. I feel like it is important to have a backup plan and a backup plan for my back up plan to ensure my business empire will be happen. However I don't want to do it all for Just myself. I want to be able to provide for my love ones; the ones who were selfless & love d me enough to take care of me when I couldn't provide for myself. My family means a lot to me and I want to be able to show them that.Home is where the heart is and my heart is with them. Although independence is a very important part of my quality world , I know I can't do it all on my own. I feel like any plan that doesn't have God In It is a plan to fail. I want to have a strong spiritual connection. I believe that this would help bring harmony and tranquility in my life. I want to give off good vibes and positive energy, and I want the people around me to share those same values. I want o be open minded enough to intake different knowledge from those who surround me.My quality world Involves comfort , but never to be content. Failure Is not an option , and neither is Just settling. The ultimate goal Is to be successful. When I look at being successful I don't Just see It from a materialistic aspect, but rather as being well rounded. Within my quality world I have peace of mind, wisdom, financial stability, happiness, and surround by the people I love and good vibes. I currently see myself as a diamond In a rough to make my quality world reality.
Wednesday, October 23, 2019
JpMorgan Case Essay
We trust banks to hold our money and to help make use get more in investment and other ways. One of the most trusted banks is J.P. Morgan Chase they are easily one of the most well-known banks that exist. J.P. Morgan Chase on May 10, 2012 disclosed that they had lost more than $2 billion by trading financial derivatives. The administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities and banking, a foundation of the economy. We have to understand the elements of a valid contract, and discuss how consumers and banks each have a duty of good faith and fair dealing in the banking relationship. Having to compare and contrast the differences between intentional and negligent tort actions. Iââ¬â¢ll discuss the tort action of ââ¬Å"Interference with Contractual Relations and Participating in a Breach of Fiduciary dutyâ⬠and, if the bank Iââ¬â¢ve chosen were to behave as JP Morgan did, would I be able to prevail in such a tort action. Lastly letââ¬â¢s discuss how banks have protected the software that allows for online transaction to occur through automation.7 The U.S. Securities and Exchange Commission (SEC) is a federal agency. It holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nationââ¬â¢s stock and options exchanges, and other electronic securities markets in the United States. The SEC is divided into four divisions; The Division of Corporation Finance; the Division of Trading and Markets; the Division of Investment Management; and The Division of Enforcement. All the branches within the SEC carry similarà goals in terms of protecting individuals and ensuring financial fairness, each has their own specialty for instance, the Division of Corporate Finance is tasked with the assurance that all imperative disclosure of which represent a corporation are easily accessible by the general public. In addition, the Division of Trading and Markets ensure fairness, order and efficiency in market activities. Much like the design of the SEC, the Commodity Futures Trading Commis sion (CFTC) is also inherently designed to ensure the public, its consumers, and investors are protected from coercion, manipulation, fraud, and/or any other forms of dishonest dealings between manufacturer and consumers/investors. The CFTC is noted to be an independent federal agency established by the Commodity Futures Trading Commission Act of 1974. Again, similar to the design of the SEC, the CFTC is comprised of five different committees, each of which are responsible for a different area of trade and marketing; for example, agriculture, global markets, energy and environmental markets and technology all of which are equally as responsible as the next for ensuring full cooperation and adherence to laws set forth by the SEC. Though banking is the most common method in which most people handle and maintain their finances, there are also equally as many that take their money to invest in stocks, bonds, and the like which do not carry a sound guarantee that they will make a profit or even keep their initial investment monies. Consequently, past dealings with investor types result in unfair and fraudulent losses and even erroneous gains such as the ones reported by JP Morgan Chase, the purpose of the SEC and CFTC alike become abundantly clear. With the utilization of these two particular securities, investors, consumers, and even marketers are able to rest easier knowing that there are serious legal, unfair and blatantly dishonest dealings within the marketplace. In an effort to maintain honest correspondence and dealings with the capital market, both of these require that all earnings and losses should be reported; at which point, there can be a recognition and determination of any imbalanced and deceitful dealings having taken place. The following are the essential elements of a valid contract. Offer and Acceptance. In order to create a valid contract, there must be a ââ¬Ëlawful offerââ¬â¢ by one party and lawful acceptance of the same by the other partyà Intention to Create Legal Relationship. In case, there is no such intention on the part of parties, there is no contract. Agreements of social or domestic nature do not contemplate legal relations. Lawful Consideration has been defined in various ways. The parties to an agreement must be competent the contract. If either of the parties does not have the capacity to contract, the contract is not valid. Free Consentââ¬â¢ means the parties must have agreed upon the same thing in the same sense. In the banking context, this means among other things that a bank could call a loan, refuse to fund, refuse to roll over a loan, set off accounts, etc., no matter how drastic the consequences might be to the borrower. As long as the banks accept them expressly wit hin the granted rights under the controlling loan documents. That may no longer be the case. With the advent of mobile banking, discuss how banks have protected the software that allows for online transaction to occur through automation. The first area, financial accounting, is used mainly for ascertaining the results of any such business on a periodic basis. This should as a result; help the company determine the future course of action, in the long term. From an economic perspective, financial accounting treats money as a factor of production. Management and cost accounting are apparatus used to help management make decisions on a day to day basis. Management and cost accounting arenââ¬â¢t useful simply for their own sake. These two functions help management conduct themselves along with other vital factors involved in the running of a business. Other key factors could be supply, demand, competitors, availability of raw materials, logistics etc. The second area is cost accounting, its primary purpose is to attain the value of direct and indirect costs involved in production. The value acquired, management can make an informed decision on improvement in production performance. From an economic perspective, cost accounting is the measurement of economic performance. This information gives management a clearer indication of the performance of the product resources in the business. Costing also helps the sales manage in setting the correct price. But, because costing is solely a measurement of economic performance, it canââ¬â¢t be considered as an accurate basis for setting prices. Selling prices is more of an economic decision it would not be wrong to mention that pricing is basically determined by marketà factors. Prices are influenced mainly on demand, supply and competition, less on costs. High demand plus lack of competition would result in the business charging higher prices for its product, well above the costs. The third area is management accounting, which is related closely to cost accounting. It has evolved from cost accounting; management accounting plays a much broader role in management decisions. It measures the performance, economically, of the whole business, the economic environment that the business operates in. This area of accounting, seeks to combine both financial and cost information into a much broader function. Compare and contrast the differences between intentional and negligent tort actions. Intentional torts and negligence towards both give rise to civil actions. However, there are some important differences to understand about negligence versus intentional torts. Negligence torts do not require intent. To determine if someone should be found liable for a negligence tort, a reasonable person standard is used. If the defendantââ¬â¢s behavior is found to be less careful than behavior a reasonable person would exhibit, that defendant can be found liable for damages. Intentional torts require intent. The person who committed to tort must have intended to cause harm. The harm, however, did not need to be the specific type of harm that was caused to you. The other major difference between intentional and negligence torts, aside from the standard of proof, is that in many cases, a person who is found liable for an intentional tort can be required to pay punitive damages in addition to actua l damages. Discuss the tort action of ââ¬Å"Interference with Contractual Relations and Participating in a Breach of Fiduciary dutyâ⬠and, if the bank youââ¬â¢ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action. The tort of interference with contractual relations and participating protects the right to enjoy the benefits of legally binding agreements. I have chosen a bank like JP Morgan and they did what he I would not took it very well. I invested money and knowing that JP losses that money I would wind up probably suing them. But providing a remedy when the defendant intentionally induces another person to breach a contract with the plaintiff. The defendant must know of the existence of the contract between the plaintiff and the other person, or there must be a sufficient fact that a reasonable person would be led to believe that suchà contract existed. Interference with the contractual relations requires an unacceptable purpose. If good grounds are set and exist for the interference then the defendant is not liable. But as for J.P. Morgan there were no good rounds so the defendant is liable. So if I were to go to court over this I would not win and neither would J.P we would just be both out of the loss money that was invested. In conclusion when you invest money in a bank Think to you self is it a good idea or is it not a good idea. We all make investments just need to make sure it in the right bank that you can trust. J.P Morgan had a down fall and loss a ton of money but in the end they had to deal with the fines and the investors. When in drought donââ¬â¢t invest your money unless you really have to. References: Bagley / Savage 2013 Custom Edition http://money.cnn.com/2012/05/10/news/companies/jp-morgan-losses/index.htm http://www.thedailybeast.com/
Tuesday, October 22, 2019
Top Online Marketing Essay Ideas
Top Online Marketing Essay Ideas Marketing essay Are you going to take a course in marketing? In this case, you should be ready to do different projects. Moreover, you will be assigned to write various papers. One of them is a marketing essay. Professors find it the best way to test studentsââ¬â¢ skills. Therefore, you need to discuss the selected topic extensively no matter the type of work. All You Need to Know About Marketing Essay Writing Marketing is one of the most popular degrees in the UK. No wonder, this degree help find a job that will be well rewarded both emotionally and monetarily. This area requires taking fast decisions and perfect critical thinking skills. Unfortunately, many students, studying for their MBA, find it difficult to cope with numerous complicated marketing assignments. Some teachers at marketing universities are really demanding since they want the students to attain the knowledge, skills, and competencies necessary for pursuing a successful career in this area. Indeed, writing a marketing essay is rather a challenging task; however, following our helpful tips, the student can cope with it rather successfully. There are many students, who had to drop out of their marketing courses because they were unable to cope with the difficult assignments. Even the professors admit that over the past several years, the assignments became even more difficult. Therefore, to get a good grade, the student should conduct an in-depth research, systemize the information, and write a perfect essay meeting the highest standards of academic witting. Let Us Help You Understand the Process of Marketing Essay Writing First and foremost, research your topic thoroughly. Visit a library or purchase the access to a reliable database, where you can find various sources that will be helpful in writing your marketing essay. When the research is done, write an outline, in which you will write the key theses that will be developed in the essay. The outline is a plan for the essay that helps the student focus on the topic and ignore the meaningless details. We assure you that a good outline greatly facilitates the process of writing. Write the rough draft following your outline point by point. Be sure to follow 100% of professor`s requirements in terms of the content, formatting, deadline, and other aspects. We assure you that to get a positive grade you have to take care of every detail and deliver a truly creative and interesting essay. Write a final draft of your marketing essay. Proofread it and check for the possible traces of plagiarism. Finally, do not forget that timely submission will also bring you a few additional points. Ideas on How to Prepare Fascinating Marketing Papers Analyze magnificent examples of works written in marketing. It is understandable that students do not have enough expertize in producing marketing essays. Thus, goods will help you choose an appropriate technique for preparing your own paper. When reading essay examples, you should pay special attention to the way the statement is presented. Moreover, examine how the supporting arguments and important details are provided. It is very important to understand how to introduce the topic of your work properly. Note that your task is to interest readers in your paper greatly. That is why you should show your creative imagination and put forward impressive ideas. Be aware of the subject. Before the writing process starts, you should study every detail about the analyzed subject. If there are any terms, you should find their meanings. Thus, your professor will see that you know a lot about different marketing essay topics. Otherwise, your teacher may think that you know nothing about the issue. Select a marvelous topic. If you want your paper to be superior, you need to choose an outstanding subject. Surely, professors read a large variety of studentsââ¬â¢ works. Therefore, if you desire your piece of writing to differ from others, you should start examining a topic you are good at. However, first, you need to make a clear marketing plan essay. When you have made your choice, you should begin researching the posed question. Do not forget to indicate the sources you have used to write your work. Produce a clear outline. It helps students write their college essays logically. If you do not make a detailed plan, you may fail to cover some points of your work. Write a draft. Producing a draft does not mean submitting a completed marketing essay. You should take this step to see if there is a need to revise your work. Thus, you will be able to make all the necessary changes. As a result, you will write an academic paper up to standard. Marketing Essayà (Island Pacific Hotel Marketing) Outstanding E-commerce paper topics can be found here
Monday, October 21, 2019
The Children Act 1989 essays
The Children Act 1989 essays Why are so many of our children failed by the system, and whom or what should be held accountable? The Childrens Act 1989 and subsequent amendments and official documents are intended to safeguard our children from harm and protect their rights. In practice though, some children fall through the net and are failed by the local authority, leading to continuing neglect and abuse of these children,. in some high profile cases recently, the end result has been death, such as in the Victoria Climbie and Lauren Wright cases. This document will explore the reasons behind this. Its possible the Childrens Act 1989 is simply inadequate, implemented incorrectly or poorly. On the other hand it could be the fault of badly trained and motivated Social Workers, underfunded local authorities or badly managed social services departments. Before analysing why this phenomenon occurs, it is important to understand what is meant by the terms neglect and abuse. According to "Working Together To Safeguard Children" a document published by the department of health in 1999, somebody may abuse or neglect a child by inflicting harm or by failing to act to prevent harm. However under s.31(10) of the Childrens Act 1989, it details that in order for intervention to occur, the harm suffered must be significant under the legislation. Ie, causing impairment of health or development to the child. The health and development is compared with that which could be reasonably expected of a similar child. Therefore in order for intervention, to prevent further abuse or neglect of the child, to take place a social worker must be satisfied that the abuse is significant and produce evidence to support this. The vague nature of thie legislation and the constraints placed upon social workers who work with families and children contributes massively to the number of children failed by the system. Even when intervention does occur, and the child is, in the mo...
Sunday, October 20, 2019
Whats Considered a Bad SAT Score Avoid This
What's Considered a Bad SAT Score Avoid This SAT / ACT Prep Online Guides and Tips Many students worry that a bad SAT score will be the kiss of death for their college applications. The SAT is an important part of the admissions process, so you obviously donââ¬â¢t want to submit a crummy score - but how do you know whether your score is all that bad to begin with? If you're worried about low scores, understanding where your scores stand in relation to other studentsââ¬â¢ is the first step to improvement. In this post, Iââ¬â¢ll talk about comparing your own scores to those of the general population, your peer group, your target schools, and even your own potential scores. I'll finish off with strategies to bring up scores no matter your goals or study timeline. With this information, you'll be well-prepared to make necessary steps in improving your SAT scores. A Note on Percentiles Before we get started, I want to take a minute to explain percentiles, which arean important concept to grasp when we talk about comparing your SAT scores to different groups, whether they're big or small. Percentile scores are not the same as percentage scores (for example, a number out of 100 that tells you the fraction of correct answers you gave on a test). Percentile scorestell you how you do in relation to other people, which is really helpful when youââ¬â¢re dealing with a scoring system that isnââ¬â¢t necessarily intuitive. For example: A 10th percentile score means that you scored higher than 10% of the people who took the same exam 50th percentile means you scored higher than half 90th percentile means you scored higher than 90% of test-takers. You can have a high percentage score on a test and still end up with a low percentile score (if the test was easy), or a low percentage score and a higher percentile score (if the test was hard). For example, if you score a 90% on an exam where only 10% of students scored below a 90%, you'd be in the 10th percentile. This information is important because your actual SAT scores are only useful when you cantranslate them to percentile scores. When we talk about good or bad scores, we're inevitably comparing your test scores to those of other people or groups. Now that you know all about percentiles, we can get into the nitty-gritty stuff: what is a bad SAT score? Low Scores Compared to the US General Population We're starting big here - to get a basicunderstanding of low SAT scores, we'll look at how the general population performs on their tests. Your definition of low or poor scores might differ from other students - a reasonable cutoff for low scores, for simplicityââ¬â¢s sake, would be at the 25th percentile (so, the bottom quarter of scorers). As you may already know, the SAT is currently scored out of 1600points (the lowest you can score is 400).The average composite SAT score is around 1000, which is about the 50th percentile. Because the scoring system has recently changed, we don't have a lot of information about typical So that you can get a better understanding of general performance, here are some other important percentile cutoffs and their corresponding composite scores: 25th percentileââ âabout 840 composite score 50th percentileââ âabout 1000 composite score 75th percentileââ âabout 1200 composite score If you'd like more detailed information about SAT percentiles, check out our score rankings guide. Low Scores Compared to Your Peers I don't usually recommend comparing yourself to peers;in this case, it's unfortunately necessary. Now that you know how you may compare to the rest of the country, the next step in figuring out what a low score is would be to figure out what your peers are scoring. Although college admissions officers often view SAT scores as a decent measure of academic preparation, they recognize that many other factors - including family income, social privileges, and educational advantages - play into students' scores as well. Thus, you'll be most likely compared to students who are similar to you in terms of school type, geographical area, background, interests, and grades. The better a handle you have on your peers' scores, the more nuanced your understanding of what a low score will be. Getting ahold of this information will be a bit more sensitive than just looking up average national SAT scores. Even if you can't get information right from your classmates, there are steps you can take to get a good estimate of peers' SAT score ranges: Get your school report with SAT score information. This report will have aggregated scores from students from your high school. How does the high school average compare to the national average? How do your scores (real or target) compare to those of your peers? See your guidance counselor. If you don't have access to your school report, or you're having trouble interpreting the information, your guidance counselor should be able to give you an idea of how your peers perform on the SAT. Ask around. If you're still having trouble getting information on peer scores, you could try asking your classmates. This will beespecially helpful if you can get info from honors students - their scores will generally be more competitive. SAT scores can bea touchy topic, however,so be sensitive and respectful if you discuss this information with your classmates. Use a rough rule of thumb. When lacking good information about peers' performance, you could use these (general) rules of thumb. Just keep in mind that these may deviate from your own school's averages depending on average performance (i.e. whether SAT scores at your school are above or below the national averages): Low composite scores for honors students (top 1/3rd of the class) will be around 1117, or 70th percentile nationally Low composite scores for top honors students (top 1/10th of the class) will be around 1256, or 85th percentile nationally Low Scores for Your Target Colleges Knowing how your scores compare to your peers may help you hone in on appropriate target, reach, and safety schools. How do you figure out what these schools will think of your SAT scores? What's the low score cutoff that will put your application in danger? Put simply; a low score is a score that will get you rejected.Schools donââ¬â¢t really publish hard minimum SAT requirements, but itââ¬â¢s east to get a general idea of what SAT scores they expect from applicants. In general, the bottom 25% of scores for a particular school is the danger zone. You can still get into a school if your score falls below the 25th percentile, but the chances are that your application will have to be exceptionally strong in other areas (e.g. GPA, extracurriculars). The "middle 50" percent of scores is a pretty safe range to aim for. If all students' scores were lined up in order, the middle 50 would be the range of scores from the 25th percentile to the 75th percentile. Your SAT scores don't necessarily need to be at the top of this range to get into a particular school, because by definition, 75% of its students have scores lower than those at the 75th percentile. If you want more information about SAT score ranges for particular schools, just google"[school name] PrepScholar admissions requirements." You can easily convert old SAT scores (out of 2400) to the new scoring system by multiplying by 2/3. What do you do, though, if your scores consistently fall in the bottom 25% of score ranges for the schools you're considering? Although it'simportant to have reach schools, it would be wise to apply to some less competitive schools as well. Apply to several schools where you fall into the "middle 50" score range in addition to a few safety schools to optimize admissions options. Low Scores for Yourself This isn't a comparison that many students consider when setting their own goal scores. There's so much focus on outward comparison that sometimes we forget to consider our own capabilities when thinking about low or high scores. It's important to be realistic about your own strengths and weaknesses when setting low score and high score parameters. If you set your score goal too high, you'll cause yourself unnecessary stress and frustration; set it too low, and you could miss out on opportunities at more competitive schools. How do you get an idea of what's reasonable? Your first step is to get a baseline score. Study for about 10 hours to gain basic familiarity with the SAT before taking a full practice test. Your score will give you a concrete place to work from. Keep in mind that many students, with adequate test prep, can improve 240+ points from this original baseline. This important initial step should help you understand what to expect from yourself when it comes to good and bad scores. If youââ¬â¢re not improving much after your baseline, then you know that the way youââ¬â¢re studying isnââ¬â¢t working. You may consider your baseline score to be within your low score range since you achieved it with minimal study time. To learn more about how to set appropriate SAT goal scores, read our guide to good and bad SAT scores. Don't get discouraged if you have low scores - that just means you have room to grow! How Do You Raise a Low SAT Score? If you've gone through all the steps of comparison and you find yourself disappointed with your scores, not to worry! There are things you can do to bring up those scores, but your plan of attack will vary based on your goal score and your study time availability. So what's your goal score? If your scores are already pretty high, and you want to get them as close to perfect as possible, read our guide to scoring a 1600. If your scores are in the lower end of the range, and you want to bring them up across the board, check out our posts on bringing up your reading, writing, and math scores. How much time do you have to study? If you have quite a bit of time on your hands, read more about setting a study timeline. You can also dive deeper into our blog sections dedicated to the reading, writing, and math sections. If youaretaking the SAT relatively soon, check out our last-minute study tips and strategies. Disappointed with your scores? Want to improve your SAT score by 160 points?We've written a guide about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:
Saturday, October 19, 2019
Finance Essay Example | Topics and Well Written Essays - 1000 words - 11
Finance - Essay Example A business could not open and operate without working capital finance. Another purpose of working capital is addressing seasonal or cyclical financing needs. Here, working capital finance supports the build-up of short-term assets needed to generate revenue, but which come before the receipt of cash. Adequate and appropriate working capital financing ensures that a firm has sufficient cash flow to pay its bills as it awaits the full collection of revenue. When working capital is not sufficiently or appropriately financed, a firm can run out of cash and face bankruptcy. Working capital is also needed to sustain a firmââ¬â¢s growth. As a business grows, it needs larger investments in inventory, accounts receivable, personnel, and other items to realize increased sales. Lastly, working capital is used to undertake activities to improve business operations and remain competitive, such as product development, ongoing product and process improvements, and cultivating new markets. The components of working capital usually comprise all the components of Current Assets (Petroff, June 1, 2001). However, that is not always so in the nature of the working capital cycle. Some modifications to working capital may involve the exclusion of some components of current assets. The diagram below illustrates a simple working capital cycle of an organization. There are two elements in the business cycle that absorb cash - Inventory (stocks and work-in-progress) and Receivables (debtors owing money to the organization). The main sources of cash are Payables (your creditors) and Equity and Loans. Each component of working capital (namely inventory, receivables and payables) has two dimensions: (1) Time and (2) Money. When it comes to managing working capital, time is as valuable as money. If an organization can get money to move faster around the cycle (e.g. collect monies due from debtors more quickly) or reduce the amount of money tied up (e.g.
Friday, October 18, 2019
Asses the role and significance of the British Empire for the Essay
Asses the role and significance of the British Empire for the development of the nineteenth century international economy - Essay Example As compared with other powers that were not able to leverage an empire, or an empire of the sheer size and breadth/complexity and diverse peoples and markets as that which the United Kingdom had, were not nearly so competitive during this time. In such a way, these competitive powers help to show the level to which the United Kingdomââ¬â¢s dominance was nearly supreme. As a means of understanding this actuality, the reader should consider that the United Kingdomââ¬â¢s empire afforded it two extremely essential resources towards achieving and maintaining dominance within economics. These two factors were the markets which the existence of the empire afforded as well as the raw materials which the empire itself could supply. One might more broadly consider the degree of cheap and oftentimes free labor that the existence of the empire also provided as yet another key determinant in economic power and hegemony (Hagerman 2009, p. 345). As a function of this brief overview and analys is these three factors will be briefly considered and analyzed to help create the case that the existence of the empire and the economic power and strength that the United Kingdom was able to exhibit during the nineteenth century were mutually exclusive (Libecap et al 2011, p. 300). In short, without the empire, the power and dominance of the United Kingdom, both militarily, economically, and politically would not have been possible. Firstly, with regards to the raw resources that the empire afforded to the development of the British economy, with the lack of such an empire, the resources that the economy required would have been exponentially more expensive. Likewise, due to the fact that the mechanisms of resource extraction could take place throughout the British Empire and return these raw materials to the home island, finished products could then be developed and manufactured from these raw materials. By reducing the necessity to pay market prices for resources, something that any other economic power that did not retain an expansive empire during this time would need to do, the British Empire was able to provide integral resources for the production of relatively low-cost goods which in turn could be marketed and sold to the remainder of the world; as well as back to the very economies which the resources were originally taken from (Desbordes 2008, p. 128). This brings us to the second point, market places. As the British Empire spread over the entire globe, this necessarily meant that a litany of nations, regions, tribal groups and other segmentations of peoples and territory were introduced to the goods that the United Kingdom had to offer for sale (Candlin 2009, p. 524). Similarly, because there was a monopolistic type economic arrangement that existed within the empire, the ability to purchase for the competition states was a non-existent option. In this way, the United Kingdom had a captive market in which to resell the finished goods that the very same empire had supplied the raw materials for in the first place (Stuart 2008, p. 4). Finally, this analysis will consider the fact that the empire itself provided extraordinarily cheap labor which provided the Empire with a means to extract a great deal of material wealth and/or natural resources at a cost that none of the competing economic powers in Europe or the United States could match at the time (Roy 2003, p. 398). This again acted as a type of symbiotic relationship
Teamwork and employee commitment Essay Example | Topics and Well Written Essays - 1000 words
Teamwork and employee commitment - Essay Example ACICO highly requires teamwork because its strategy involves the undertaking of all functions in order to provide quality housing. Thus, collaboration within each subunit is important in order to assure continuous work process and timely delivery of products. The corporate culture of ACICO emphasizes the importance of individual excellence and achievement. This mindset has strongly influenced teamwork within functions and departments which is even limited by the hierarchical and centralized organizational structure. It is notable that in the upper level management, coordination and informational transparency is more pronounced. However, with the middle and lower ranks, employees are more concerned on individual achievements and credit. 3. Does the organization have sufficient managerial and interpersonal skills to manage requisite coordination Examine the skills of top management team that provide the context for coordination as well as the skills of broader employee groups. ACICO's top management team members are selected primarily because of their knowledge and managerial expertise in the construction industry. The executives display excellent track record on running big business organizations. Thus, in terms of managerial skills, ACICO's management has the capacity to manage requisite coordination. On the other hand, the interpersonal skills are inadequate to foster sufficient coordination within the organization. It should be noted that as top management is mainly concerned on ACICO's strategic direction, executives lack the time to mingle with ordinary employees who man the day to day operations. There is also a gap between top management and other employees because of the emphasized importance of power hierarchy. 4. Does the organization have sufficient commitment from employee groups critical to the achievement of the strategic task Overall, there is a sufficient commitment from different employee groups which enables ACICO to accomplish its strategic task. The employees can easily identify with the goals of the organization and work to achieve its various objectives. To a large extent, there is a sense of belongingness and responsible among the work groups. The level of commitment within the organization is more apparent in the top management. This diminishes as one goes in the front line where employees are more concerned about the accomplishment of their specific responsibilities more than recognizing themselves with the company. 5. Do people in your organization express their viewpoint directly and candidly, and attempt to inquire into the validity of their own viewpoint and that of others Employees are given venue to express their viewpoint directly. It should be noted that ACICO conducts its own survey in order to ascertain the level of satisfaction within the different employees in the functional group. When working in teams, the members are also given the opportunity to contribute their specific expertise subject
Thursday, October 17, 2019
Emergency Management Case summary Study Example | Topics and Well Written Essays - 1250 words
Emergency Management summary - Case Study Example There are many disaster management agencies all over the world. Examples include government based emergency management agencies such as the Federal Emergency Management Agency (FEMA) in the United States of America and non-governmental organizations include UN Agencies and the Red Cross. This paper focuses on the Great East Japan Earthquake and the emergency management process following its occurrence. This earthquake, also referred to as the Great Tohoku Earthquake, occurred in the Northeastern part of Japan off the coast of Honshu and led to a myriad of losses in property and life. Japan is one of the most calamity prone countries accounting for about 20.5% of global earthquakes measuring a magnitude of 6 and above. This arises from several contributing factors that make the countryââ¬â¢s topographic, geographic and climatic conditions unfavorable. Japan sits on the intersection of three continental plates; the Eurasian, Pacific and the Philippine Sea plates. The stress resulting from the collision and subsequent grinding of these plates against each other leads to the buildup of significant seismic pressure that in turn contributes to seismic and volcanic activity. As a result of this, Japan contributes to about 7% of the worldââ¬â¢s volcanic activity in addition to the numerous earthquakes that occur. In addition to this, the country often experiences adverse meteorological conditions in the form of typhoons that cause extreme storms, high tides and flooding (Nazarov, 2011). In the 1940s, Japan adopted various emergency management legislations that governed the preparation, mitigation, response and recovery phases of disaster management processes. The Flood Control Act of 1949 regulates river and flood management while the Disaster Relief Act of 1947 dictates the provision of essential disaster relief by emergency management stakeholders. The
A Good Fall by Ha Jin Essay Example | Topics and Well Written Essays - 1500 words
A Good Fall by Ha Jin - Essay Example The characters are hit by reality which is a new environment that although different from the usual life in China, imposes a new kind of harsh limitations that often experienced in crisis that molds a new, and at times unwanted, transitional identity for the Chinese immigrants. This essay contrasts the concepts of freedom and imprisonment in ââ¬Å"A Good Fallâ⬠with ââ¬Å"The House behind a Weeping Cherry as the emigrants attempt to break away from the limitations presented by life in Flushing in order to achieve a more purposeful life. In the "The House behind a Weeping Cherry" (Jin 195) the main characters are depicted as living inside a prison due to the circumstances they find themselves in while in New York. "The House behind a Weeping Cherry" begins with Wanren contemplating his next move after his roommate had moved meaning he had to shoulder all the rent by himself. This was going to be a daunting task for Wanren as he could not shoulder all the rent by himself. It could have been easier for Wanren to move to a new place but the apartment is located continently near his workplace. Wanren is therefore caught between finding a new apartment which will further incontinence him work as he will have to travel from the new place to his workplace or pay more which will further complicate his financial situation as a migrant without any proper skill. Therefore, Wanren is caught in a mental prison with all his options having a negative impact on his financial and social status. Wanren is however saved from these pos sibilities when Mrs. Chen presents him with an alternative of driving the girls to see their clients in exchange for Wanren maintain his rent was it was. Wanren is however not salvaged from his imprisonment as he is now forced to break the law by being initiated into something illicit playing part in a prostitution
Wednesday, October 16, 2019
Emergency Management Case summary Study Example | Topics and Well Written Essays - 1250 words
Emergency Management summary - Case Study Example There are many disaster management agencies all over the world. Examples include government based emergency management agencies such as the Federal Emergency Management Agency (FEMA) in the United States of America and non-governmental organizations include UN Agencies and the Red Cross. This paper focuses on the Great East Japan Earthquake and the emergency management process following its occurrence. This earthquake, also referred to as the Great Tohoku Earthquake, occurred in the Northeastern part of Japan off the coast of Honshu and led to a myriad of losses in property and life. Japan is one of the most calamity prone countries accounting for about 20.5% of global earthquakes measuring a magnitude of 6 and above. This arises from several contributing factors that make the countryââ¬â¢s topographic, geographic and climatic conditions unfavorable. Japan sits on the intersection of three continental plates; the Eurasian, Pacific and the Philippine Sea plates. The stress resulting from the collision and subsequent grinding of these plates against each other leads to the buildup of significant seismic pressure that in turn contributes to seismic and volcanic activity. As a result of this, Japan contributes to about 7% of the worldââ¬â¢s volcanic activity in addition to the numerous earthquakes that occur. In addition to this, the country often experiences adverse meteorological conditions in the form of typhoons that cause extreme storms, high tides and flooding (Nazarov, 2011). In the 1940s, Japan adopted various emergency management legislations that governed the preparation, mitigation, response and recovery phases of disaster management processes. The Flood Control Act of 1949 regulates river and flood management while the Disaster Relief Act of 1947 dictates the provision of essential disaster relief by emergency management stakeholders. The
Tuesday, October 15, 2019
Weekly current event 2 Essay Example | Topics and Well Written Essays - 250 words
Weekly current event 2 - Essay Example his collections, we see humour, the impertinence, the tendency to explode myths, and the manipulation of pop iconography all that we knew to be part of the labelââ¬â¢s founder Franco Moschino spirit and designs, commented Raffaello Napoleon, Chief executive officer of Pitti Immagine. There is also uniqueness in his work. He has ultra-sensor focused in the current times in the way he combines fabrics and materials, the best types because his designs are luxurious. The Womenswear presentations from Thomas Tait have been named as one of the events not to miss during the London Fashion Week. It brings out the unexpected use of volumes and the devotion to design. This gave him an offer to express his creativity in Florence. Thomas Tait addresses various issues in the globe with his collections. He says that a fashion designer should always keep things off-balance, Offer buyers what they need and most importantly one should offer things inside and out which is crucial for the fashion public and media. Many fashion designers may lack the viewpoint and vision that may not be good for the fashion business. Fashion should bring out the originality and should also be full of
Monday, October 14, 2019
Parenting Styles and Anxiety Sensitivity Essay Example for Free
Parenting Styles and Anxiety Sensitivity Essay Statement of the problem At the end of this study the researches aim to answer these questions: 1. Is there a significant relationship between parenting styles and anxiety sensitivity? 2. Which among the three parenting style has the highest probability of producing anxious children? 3. Which among the demographic factors affect the parenting style of the mothers? Review of Related Literature It has long been proposed that parent-child relationships (particularly a childââ¬â¢s perceptions of these relationships) play an important role in child adjustment and psychological development (Safford et al. , 2007).Since 1966, researchers have conducted a great deal of research evaluating parent child interactions using the prototype of parental patterns developed by Baumrind (1966 1971), i.e., authoritative, authoritarian and permissive. Baumrind (1971) grouped parentââ¬â¢s behavior according to whether they were high or low on parental demandingness and responsiveness. Each of these parenting styles reflected different naturally occurring patterns of parental values, practices and behaviors (Baumrind, 1991). Authoritative parents strive to provide clear, firm direction, but discipline is moderated by warmth and reason (Buri, 1991). Permissive parents are non-controlling, and they use minimal punishment. Authoritarian parents are highly directive, and they value unquestioned obedience. Authoritarian parents are characteristically less warm, they discourage verbal give-and-take, and they use punitive methods to control their childrens behavior (Gfroerer, et al., 2011). It is important then to examine the type of parenting in which the child is exposed to at such a young age because it will have impact on their lives later on. During adolescence, various biological, cognitive, emotional, and social changes take place that affect the parent-child relationship (Lerner et al., 1996). Hence, it is essential to further in some factors that have influenced parenting styles in this particular period of life (Dà ¼zgà ¼n, 1995). Suppose parenting styles play a vital role in the development of anxiety disorders, it then becomes key in understanding how overprotective parenting aggravates the development of the anxiety symptoms (Erozkan, 2012). Given the importance of anxiety sensitivity for understanding emotional problems, it is important to also gain a better understanding of the nature of anxiety sensitivity (Taylor, 1995). Because family is one of the largest environmental factors impacting a childââ¬â¢s life, it is important to understand how a childââ¬â¢s family affects the development of anxiety symptoms in children. Furthermore, since it is a childââ¬â¢s parents who usually create the family environment, it is essential to understand which characteristics of parents or parenting contribute to the development of anxiety (Nanda et al., 2011). Chorpita and Barlow (1998) hypothesized that early life experiences involving excessive parental control can cause an individual to believe that events in oneââ¬â¢s life are uncontrollable and unpredictable, which then contributes to the development of anxiety. That is, children who experience excessive parental control may believe that they have no internal control over their lives, since their parents are the ones who control everything; this, in turn, can lead to the development of anxiety. Further, parents with high levels of anxiety sensitivity may intervene more often, as they observe signs of anxiety in their children, judging these symptoms as harmful (Erozkan, 2011). In accordance to this, the aim of this research is to uncover the significant relationships between anxiety sensitivity and parenting styles. In the study conducted by Chambers et al. (2004), it is said that poor parenting style has been associated with anxiety and mood disorders among children. In this study, parenting styles were divided into two dimensions which are care and control. Under the dimension of care, parents are seen as warmth and understanding, while under the dimension of control, parents are seen as over-protective or intrusive. Patients with anxiety disorders were also tested in the study and Chambers et al. (2004) found out that those patients with anxiety disorders perceived poor parenting from both their mothers and fathers, while those who have no anxiety disorders report their parents as having optimal parenting. This suggests that optimal parenting may be considered as a factor in predictive recovery of the children. The study also concluded that paternal and maternal parenting styles have an effect on children. Poor parenting from mothers was associated with having a diagnosis in male participants, while poor parenting from fathers was associated with having a diagnosis in female participants. Parents who scored high in care and high in control were seen as having positive parenting style than parents who scored low in care and either high or low in control. Based on the results of the study, it is evident that parenting styles have an impact when it comes to childrenââ¬â¢s development of anxiety and or recovery from anxiety. Children who have parental care are more likely to perceive an optimal parenting and less likely to experience anxiety. Children who are already diagnosed with anxiety disorder are more likely to recover if their parents exhibit a positive parenting style. In a different study conducted by Lindhout et al. (2009), child temperament and child-rearing are said to be risk factors in childââ¬â¢s development of anxiety disorders. Parents of children having anxiety disorder exhibit a parenting style which is characterized by over-control and increased criticism. Also, children whose parents show less care or more control are said to be vulnerable to anxiety. The characteristic or temperament of the child may also give rise to the type of parenting style a parent uses and in return, may also strengthen the childââ¬â¢s characteristics. Parenting styles may depend on the characteristic or temperament of the child and at the same time, the characteristic or temperament of the child may also depend on the parenting style of their parents. This suggests that parenting serves as a moderator between temperament and anxiety (Lindhout et al., 2004). Also, children whose parents show less care or more control are said to be vulnerable to anxiety. Similar with the study of Chamber et al. (2004), Lindout et alââ¬â¢s. (2009) study also mentioned that parenting styles add an interesting component to the prevention of anxiety disorders among children. Temperament (shyness) appeared to be strongly related to anxiety levels in early childhood, but parenting style which is high in control showed more contribution to the anxiety that surface in middle childhood or preadolescence, even among children who were not initially anxious (Lindhout et al., 2004). According to the study of Oort et al. (2011), anxiety has several risk factors such as family or peer influences, and factors that are proximal to the individual. This study also considered temperamental characteristics as associated with anxiety. Family factors include parenting styles with high rejection and overprotection, parenting stress, and parental anxiety and depression. In the result of the study, Oort et al. (2011) found out that some of the important risk factors in preadolescence were low self-competence, rejecting and overprotecting parenting, and being a bully-victim. These risk indicators decrease toward age 16-17 years old. The risk factors that remain stable in high levels of anxiety were temperament, parental lifetime internalizing problems, and being a victim of bullying. Based on these result, it can be said that parenting styles contribute to the anxiety level of the children and may not be disregarded. It is important to consider this factor as contributing to anxiety of children so that anxiety may be prevented and parents will be educated on this matter (Lindhout, 2009). In the study conducted by Niditch and Varela (2012), two dimensions of parenting styles were studied which are acceptance/rejection and autonomy-granting/control. Parental control is said to limit the childââ¬â¢s exposure to developmentally appropriate autonomous experiences and self-guided problem solving (Niditch and Varela, 2012). It was also mentioned that controlling parents lead to anxiety by reducing the childââ¬â¢s experience of mastery of challenges in his or her environment. According to the ââ¬Å"transactional and cyclicalâ⬠nature of the relationship between parental control and child anxiety as mentioned by Niditch and Varela (2012), the parent takes action for the child in order to relieve the childââ¬â¢s distress, which often leads to the child feeling anxious in more situations. Parental rejection on the other hand, parents show criticism, arbitrary blame or punishment, and withholding warmth. Parental rejection teaches children that positive outcomes a re rare and are not the result of their actions, and this often leads to anxiety. It also said that parental rejection has less contribution when it comes to developing anxiety in children than parental control. It is important to consider the developmental stage in studying the effect of parental control on anxiety since parentââ¬â¢s controlling behaviors tend to change or increase through late childhood and decline towards adolescence (Niditch and Varela, 2012). It is also possible that changes in parenting styles affect anxious adolescents differently from non-anxious adolescents. This result manifests because anxious adolescents may perceive normative changes in control parenting style as increasing rejection. In adolescence, rejection is more associated with anxiety than control. Results of the study also revealed that maternal rejection was a predictor of anxiety. As explained by Niditch and Varela (2012), mothers are the nurturing caregivers and they pass on unique importance on maternal emotion socialization to their children, and that disruption to this role may result to reduced sense of emotional competence, which then leads to increased anxiety. Parents play an integral role in a childââ¬â¢s development because it is them who first interacted with the children. According to Ryan and Lynch (1889) ââ¬Å"secure attachment to parents fosters a healthy self-confidence in adolescents as it does in other developmental stages.â⬠Because of this, it is essential to know the possible effects of early parenting in the childââ¬â¢s cognitive, social, and emotional aspects. It is widely assumed that the nature and quality of the interactions between parents and adolescents can contribute to young peopleââ¬â¢s well-being (Bandura, 1997). Diana Baumrind in 1966 was able to present three primary parenting styles that can be used to categorize the parentsââ¬â¢ behaviour towards the children. Later on in 1983, Macoby and Martin presented the fourth parenting style called the neglectful and Lamborns et al. (1991), were able to find supporting empirical results for this. As stated by Karavasilis, Doyle, and Markiewicz, (2003), authoritative parents are highly demanding, highly responsive and the same time grants autonomy. Authoritarian parents are characterized by high demandingness, low responsiveness and low levels of autonomy granting. Parents who are permissive show high levels of responsiveness and autonomy but low level of demandingness. A neglectful parent shows low levels of demandingness, responsiveness and autonomy granting. One important area that has been emphasized as contributing to the development of childhood anxiety is parenting (Chorpita and Barlow, 1998). The parentââ¬âchild relationship appears to be one contributor to the development and/or maintenance of child social anxiety. A relationship between social anxiety and a parenting style marked by overprotection (or high control) and low warmth has been repeatedly demonstrated in various age groups and within both clinical and developmental areas of psychological study. (Bruch et al. 1989). This suggests that the parenting style practiced by the parents is influential in the development of social anxiety in children. Spokas and Heimberg (2008) said that ââ¬Å"a family environment marked by affective involvement and behavioral control (which is likely related to parental overprotection) predicted oneââ¬â¢s sense of control over anxiety symptoms, which then contributed to anxiety.â⬠Traditional models of childhood anxiety sought to explain the development of anxiety in terms of single main effects and focused primarily on the broad parenting dimensions of acceptance versus rejection and psychological granting of autonomy versus psychological control (Rapee, 1997). As stated by Clark and Ladd (2000), parental rejection connotes low levels of parental warmth, approval, and responsiveness. This in turn can weaken the childrenââ¬â¢s emotions that make him or her sensitive to anxiety that may lead to having anxiety problems. Parental control involves excessive parental regulation of childrens activities and routines, encouragement of childrens dependence on parents, and instruction to children on how to think or feel (Barber, 1996). Theoretical models have hypothesized that when parents are highly controlling in contexts when it is developmentally appropriate for children to act independently (e.g., attending elementary school), children may experience decreased self-efficacy, and thus, increased anxiety (Wood, 2006). Adolescent years are often portrayed as the hardest stage as a teenager, because it is both tense for the parents and the teens. As said by Kopko (2007), teens undergo a number of developmental adjustments together with the changes on becoming an adult. These are related to the biological, cognitive, emotional and social changes as a teen. To be an effective parent, it requires having methodical understanding of these developmental changes. Kopko (2007) stated that the parentââ¬â¢s parenting style gives a healthy outcome for the developmental changes. There are different kinds of parenting styles and different impact that can help parents with their parent-teen relationship and the teens to find smooth ways in the adolescent developmental changes. According to Kopko (2007), Baumrind (1971, 1991) has four patterns of parenting style that was based on the two aspects of parenting behavior which is the parental warmth and control. Parental warmth is how a parent accepts and responses to the child and parental control is how a parent manages the behavior of the child. There are different ways of combining the two aspects of parenting behavior and if so there are four parenting styles that come into view. But in this study the researchers will only have three of the parenting styles of Baumrind; Authoritarian, Authoritative and Permissive. Kopko (2007) explained all the four patterns of parenting style, but the researcher will mainly focus on the other three parenting styles. Authoritative parenting style is a parent that shows warmth but secure towards the child. The parent reassures that the child can be able to do anything or be independent yet should also know ones limitations and control in their decision and actions. A child that has experienced an authoritative parenting style may likely to be socially capable, responsible and independent. Authoritarian parenting style is a parent that shows a little bit of warmth and more on the control towards the child. The parents are strict and controlling, they use a disciplinary style towards their child and they insist that their directions to the child will be followed. A child that has experienced an authoritarian parenting style may likely to be rebellious or dependent. A child that turns out to be rebellious has the tendency to show aggressive behaviors and a child t hat is more passive or submissive is dependent towards the parent. Permissive parenting style is a parent that shows warmth and no control toward the child. The parent is easygoing, understanding and passive and believes that by reciprocation to the wants of the child will show their love. A child that has experienced a permissive parenting style may likely to be self-centered and have no self-control. As stated by Biradar (2006), the youth is a period of time where the maturity in physical and psychological attributes change. The youth is likely to build his or her own identity and to acquire skills for socially responsible behavior. The youthââ¬â¢s change to adulthood can have a smooth process enabled by the presence and guide of securing, nurturing, and understanding parent. If there will be an emotional connection or bonding and communication between the parent and the child it is enough reason that the youth can be emotionally and socially capable, responsible and independent. Taylor (2007) discussed that anxiety sensitivity is the fear of arousal-related sensations, and saying that these sensations have harmful consequences. There are three basic dimensions of anxiety sensitivity; the first dimension is the fear of publicly observable anxiety reactions, the second dimension is the fear of thinking that it is unable to control oneââ¬â¢s behavior, and the last dimension is the fear of somatic sensations. Anxiety sensitivity contributes to the intensity of oneââ¬â¢s emotional reactions. According to Stein (1999), anxiety sensitivity is the fear of anxiety-related sensations. In the expectancy theory, an individual may become anxious whenever a symptom is experienced by an individual may tend to avoid certain activities, events, and places that will trigger anxiety. Stein (1999) also explained that if an individual has a high level of anxiety sensitivity, it is said to be that the individual is more likely to be a threat or danger if the individual experiences anxiety symptoms. Kashdan et. al. (2008) said that anxiety sensitivity can be a variable risk factor for anxiety problems and anxiety sensitivity is uniquely have a connection to escape and avoidance behavior of an individual.
Sunday, October 13, 2019
The Introduction Of Tesco Plc Marketing Essay
The Introduction Of Tesco Plc Marketing Essay Tesco plc is one of British largest retail grocery currently the first in terms of the top 10 retail grocery in the United Kingdom. It was the first UK business to make à £2 billion in profits when it announced the feat early in 2005, (Tesco Annual Review, 2005) and the third largest global retailer based on revenue. Over the years, retail grocery sector represents the largest industry in UK providing employment for millions of people in UK either in manufacturing or in retailing. In 2003 retail accounted for 9% of domestic product (Datamonitor, 2003). The name TESCO was derived from the combination of a tea suppliers name T.E.Stockwell and Jack Cohen the founder of Tesco plc. Tesco was founded by Jack Cohen when he began to sell surplus groceries from a stall in the East End of London in 1919 and in 1924 Jack Cohen made a new label by combining the first three letters of the suppliers name (TES), and the first two letters of his surname (CO) to form TESCO. Tesco is one of the largest food retailers in the world, operating around 2,318 stores and employing over 326,000 people. In UK, Tesco plc operates under four banners namely Tesco Extra, Superstore, Metro and Express. The first Tesco store was opened in 1929 in Burnt Oak, Edgware, and Middlesex and in 1947; Tesco was floated on London Stock Exchange as Tesco Stores Holdings Limited. Fifty percent of sales in Tesco are gotten from Tescos own-label products which are in three levels, values, normal and finest. Tesco plc is also becoming one Britains largest independent petrol retailer because as well as convenience produce, many stores have gas stations and other retailing services rendered by Tesco also include Tesco personal finance. Tesco plc does not only specialise in food and drinks, the company also specialise in some other areas like clothing. Electronics, telecoms, retailing and renting of DVDs CDs, music downloads, car insurance and lots more. APPLY APPROPRIATE ANALYTICAL TOOLS TO EXAMINE TESCOS EXTERNAL OPERATING ENVINRONMENT AND APPROPRIATE STRATEGIC MANAGEMENT FRAMEWORKS AND TOOLS TO ANANLYSE THE ORGANISATIOONS INTERNAL ENVIRONMENT As noted by Johnson, Scholes, Whittington, (2008) The environment is what gives organisation their means of survival and there are five different layers of a business environment namely: the macro environment, industry or sector, competitors, the organisation and the market Business environment is a set of political, economic, social, technology, environmental and legal forces that can potentially have both positive and negative impact on the business. (Johnson, Scholes, Whittington, 2008). EXTERNAL OPERATING ENVINRONMENT The constant change in market demands has made the economy so complex. Therefore analysing TESCOs eternal operating environment, the following tools will be applied to ensuring that TESCO meets the changes in market demands: the PEST tools, the SWOT tools and porters 5 forces. these tools will be to examine TESCOs operating environment. The PEST framework provides a comprehensive list of influences on the possible success or failure of particular strategies (Johnson, Scholes, Whittington, 2008). This framework categorises environmental influences into political, economic, social and technological. POLITICAL FACTORS This factor highlights the role of government institutions. Take for stance in UK when the business environment was hit by credit crunch which lead to great unemployment. This trend actually helped TESCO because of their dominance in UK and as one of the fastest growing retailer they tried as much as possible to reduce the level of unemployment caused by these changes thereby creating employment. For employment legislation, the government encourages retailers to provide a mix of job opportunities from flexible, lower-paid and locally -based jobs to highly-skilled, higher-paid and centrally located jobs (Balchin, 1994). Also the strong government restriction against monopoly which is one of the threats TESCOs are faced with because within the customer law, it is very critical to note that protecting consumers and ensuring that entrepreneurs have the opportunity to compete in the market economy is very important. Also TESCO need to look critically in the aspect of government policies o n taxation because high taxation is one the major problems businesses face in the UK because it is never stable. The issues of government policies on trade restriction and implementation of new regulations could also affect in a way especially when there is free trade between the European Union which will be of TESCO benefit. ECONOMIC FACTORS This is another environmental factor which can make a huge impact in TESCO. Take for stance the economic down turn faced in UK due to the unemployment which drastically reduced the demand of so many good more so affecting the demand required to produce such goods which is a major concern to TESCO since they are highly dependent on the UK market. In addition if TESCO had known the economy was heading for a recession, with the use of PEST framework analysis it would have helped plan ahead. It is good to note that this factor can influence demand, cost, price and profits. SOCIAL/ CULTURAL FACTORTESCO plc is one of the retail groceries in UK who has successfully address peoples social and cultural needs due to the increment in the amount of non-food items for sale and this have sort of encouraged customer to move towards bulk shopping. The demographic changes like life style that is, the customers belief and attitudes have made TESCO to concentrate on added-value products and services. Another factor is population which has forced TESCO to have more interest in customers increased demand for organic products and this has in many ways help TESCO to strategies ways to drive cost out of the market. TECHNOLOGICAL FACTORS The use of technology in marketing is one of TESCOs expansion strategies. It has enabled customers to pay their bills electronically thereby reducing long queues. Online marketing has also influenced the development of many TESCO products and this benefits both the company and its customers. This personalised service makes shopping more convenient for the customers and has positively affects the growth of TESCO plc. PORTERS FIVE FORCES Threat of New Entrants The UK grocery market is so saturated with very few competitors dominating the market. There are five major key players in the UK grocery market namely Tesco, Asda, Sainsbury, Iceland and Safeway, all sharing the highest market share. With Tesco on top coupled with its huge investment and aggressive operational tactics in product development, it is difficult in all ramifications for a new entrant in the market to pose a threat the business of Tesco. Suppliers Bargaining Power Understanding that the suppliers bargaining power is very low, Tesco will not give room for a small chain to dictate prises in the market. The ability of Tesco as a huge grocery in UK to source for cheaper supplies abroad ,has enabled them to negotiate prices being brought forward by supplier which other small chains are not capable of meeting. For the fact that most of the major suppliers are scared of losing business to foreign supplier has influenced Tesco positively. Bargaining Power of Consumers When Tesco introduced Loyalty card and branded Clubcard in 1995, it did not succumb to other grocery that it was Tescos strategy of customizing service to gain dominance when it comes to meeting customers needs. This strategy not only made much profit for Tesco but also enabled Tesco to get a comprehensive database of all its consumers. This initiative actually won lots of customers for Tesco and has become standardized. It is amazing to the customers that they can get two clubcard points for every à £1 they spend in Tesco which means the more you spend in Tesco, the more clubcard points you make and these points can also be converted to coupons which can be redeemed for cash. The more the products that become standardized or undifferentiated, the lower the switching cost, and hence, more power is yielded to buyers. As theorized by Porter M. (1980). Threat of Substitute This threat can make great impact on Tesco plc when it comes to a product being substituted for another product which can make a customer switch to the alternative. This is mostly caused by the introduction of other small-scaled operations in the market. The demand of a particular product can be reduced if a customer sees an alternative in another market and for these reasons, Tesco are trying reduction of prices and modification of such products in the other banners they are operating on example Tesco Metro to avoid such threat. Bargaining Power of Competitors There are wide range and variety of competitions in the grocery business either on the small and large scale. Tesco in the grocery business has long witnessed a significant growth in size since its establishment in 1924, though not the first to be establish in UK but currently the first of the top 10 grocery in operation in UK and the third largest global retailer based on revenue. Over the years, grocery business has remained so competitive that it triggered a high level of development by major competitors like Asda, Sainsbury, Iceland and Safeway which has made Tesco to be more innovative thereby making them the largest grocery business providing employment for millions of people in UK either in manufacturing or in retailing and since been known for their market dominance. SWOT ANALYSIS SWOT analysis is a tool which could be used to audit an organisation and its internal and external environment. Tesco is the first of the top 10 grocery in UK with an excellent record in product and format innovation. And with the introduction of online shopping, Tesco became the only food retailer to make online shopping profitable which puts them ahead of other competitors. STRENGTHS Products with range of Prices: Tesco has several kinds of product in the market. These products range from food, non-food products, home appliances, medicines and so with different prices on all the products. In Tesco you can get whatever product you want at an affordable price. The prices vary anyway, the higher the quality, the higher the price and vice versa and this depend on the choice of the customer. Growing supermarket space: Tesco in the grocery business has long witnessed a significant growth in size since its establishment in 1924 and this is as a result of the growing population of consumers patronising the company and their increasing demand of several products. Strong brand image: Tesco is a household name in UK known for their market dominance in good quality and trustworthy product. It is because of Tesco strong brand image that most customers see great value in their services and this has earned the company lots of profits. Tesco Online: Online marketing has also influenced the development of many TESCO products and this benefits both the company and its customers. This personalised service makes shopping more convenient for the customers and currently being used by over one million customers in UK. The use Tesco Online in marketing is one of TESCOs expansion strategies. It has enabled customers to pay their bills electronically thereby reducing long queues thus bringing simplicity and value to the market. WEAKNESS Prices: Their price of goods poses lots of problem for Tesco plc. Trying to satisfy their customers needs by cutting cost of their products even their services can lead to a reduced profit margin for their business. High reliance on UK market: Tescos reliance on UK market is also one major weakness because if at any time the economy faces any challenges, this will definitely affects the business of Tesco, so it very much advisable for Tesco to look beyond UK and increase its foreign outlets and selling other commercial items. OPPORTUNITIES Internet: Tescos online successes is one great opportunities. Since the introduction of Tesco online, the use of technology in shopping has grown in quite a short space and moved into profitable status. Their website is so fully packaged totally different from all other grocery site and since there are no matches in terms of comparisons, it remains an advantage on the side of Tesco. Intervention in Asian market: Tescos intervention in the Asian market has serious positive implications in their growth internationally and this in no doubt will give Tesco an opportunity to develop its brand more so make Tesco much larger than they were due to Asias massive economies with huge growth forecast. Growth of non-food sales: Tesco known for their cut-cost structure can initiate same strategy to non-food retail and it is evident that Tesco capitalising on these opportunities are opening new store basically for the sales of non-food items which has given Tesco a tremendous result in increased market share in UK THREATS Economic instability: The unstable, unpredictable nature of the economy and political changes in UK pose lots of threat to Tesco and one critical example of these changes is the credit crunch which strokes the UK. This impacted on the consumers a lot because going by their low income, they had to go for products with low prices thereby paying less attention to higher priced brands and this can force a switch in Tescos price structure. Competition: This has also been a persistent threat and this one major reason why Tesco will keep up with the price cuts so as not to lose their customers to major competitors like Asda and Sainsbury. High price of raw material: The upsurge in cost of raw materials from both food and non-food could trigger poor production and this can impact Tesco overall profit margin. QUESTION 2 DEVELOP A VISION, MISSION STATEMENT, OBJECTIVES AND CONTROL MEASURES FOR TESCO The study of mission statement stated in the early 1970 s, and Drucker (1971) referred to them as a precursor to clear and realistic business objectives. As stated by Harrison and Enz(2005), An organizations mission statement provides an important vehicle for communicating ideals and a sense of directions and purpose to internal and external stakeholders. It can inspire employees and managers. It can also help organizational managers in resource-allocation decisions. With these definitions, it can be further explained that mission is what the organization is and its reason for existing whereas a vision is a forward-looking view of what the organization wants to become. Drummond and Ensor (1999) defined the mission of an organization as the unique purpose that distinguishes it from other companies and defines the boundaries of its operations. Vision Tescos vision is concentrated basically on their customers. They see themselves in many years to come as being the only grocery business in UK due their market development strategy. Mission statement To ensure continued income streams to the business from our key customers in all segments by removing the impediments which prevents them from the optimal enjoyment of our product and services. With the above mission statement, it is assumed that Tescos mission is permanently dominate the market giving no room for any competitors CRITICAL SUCCCESS FACTORS Objectives: The objectives of an organization govern the potentials value of the organisation and it also shows the platform on which the organisation is built in terms of profitability. The following describes Tescos objective: Tesco aims to minimize the cost of products and at the same time aim to earn high. Profit maximization is one major reason why a business will stand and Tesco sees selling at low price will attracts more customers thereby giving customers better chances of making choice in the quality and quantity of products at a valued price. Tesco need to ensure 100% customers satisfaction by offering good customers services and excellent Value for their money which differentiates them from their competitors. Dedication to their employees as well as to customers, ensuring that all their wants and needs are met KEY PERFORMANCES INDICATOR For Tesco to remain on top rather to maintain its position in the top 10, the following measures need to be critically evaluated: Tesco employees need have sound knowledge of their products so as to make shopping not too complex for their customers. This can also give customers ideas of some products they are not aware of more so forcing out a change of choice in their decision to buy more. Customers satisfaction is one vital key to business success. If a customer is not satisfied with either the product or the service then it will be difficult for such business to exceed. In other words, Tesco actually need to improve more in their customer service. Tesco at all time need to assure customers quality brands and also services by investing more in employee training. CORPARATE AND BUSINESS STRATEGIES Tesco is an organization more voluminous in terms of revenue acquisition and customers than any other grocery market in UK and for it to maintain its current standard or create a wide margin in the market, a lot need to be done to achieve it objectives. Firstly, Tesco need to divert the attention of customer from non-food products to food products. To do this, they need not to concentrate their advertisement more on non-food products but also encourage their customers to eat more sea foods, fruits as well as vegetables. They should also emphasis more on sales promotion of their own-labelled products on advert thus re-directing the customers usual orientation of branded products. The management need to put the quality of staffs into consideration not only the quality and quantity of their products. Arranging training programs will be appropriate to evaluate their employees quality, such programs will enable them gather vast knowledge of their products more so keeping the goals of the organization alive in the employees. Theoretically Tescos strategic development can also be analysed using Ansoffs matrix and BCG matrix
Saturday, October 12, 2019
Power and Betrayal in The Great Gatsby by F. Scott Fitzgerald Essay
Scott Fitzgerald was a writer who desired his readers to be able to hear, feel, and see his work. He made it his goal to be able to make readers think and keep asking questions using imagery and symbolism. The Great Gatsby was not just about the changes that occurred during the Jazz Age, but it was also about Americaââ¬â¢s corrupted society which was full of betrayal and money-hungry citizens. It was the eyes of Dr. T.J. Eckleburg that overlooked all the corruption that occurred throughout the Valley of Ashes. It was the eyes of Dr. T.J. Eckleburg that serves as a symbol of higher power who witnesses everything from betrayal to chaos in Scott Fitzgeraldââ¬â¢s The Great Gatsby. We encounter the eyes of Dr. T.J. Eckleburg in the valley of ashes, the desolated land between West Egg and New York. The vulgar eyes of Dr. Eckleburg have become something to intertwine with the Valley of Ashes to many critics and readers. The setting of where the billboard is located makes it seem as if it is not significant. However it is also the location of the billboard that explains how the eyes overlook both New York and West Egg since it is between it. The valley of ashes is exactly what its name sounds like. Scott Fitzgerald described it as: About half-way between West Egg and New York the motor road hastily joins the railroad and runs beside it for a quarter of a mile, so as to shrink away from a certain desolate area of land. This is a valley of ashes---a fantastic farm where ashes grow like wheat into ridges and hills and grotesque gardens, where ashes take the forms of houses and chimneys and rising smoke and finally, with a transcendent effort, of men who move dimly and already crumbling through the powdery air. Occasionally a line of grey cars cr... ...haracter percipient enough to comprehend Gatsbyââ¬â¢s greatness and who rock pneumonia to pay homage to the man who has given them so much ââ¬â not exoterically but esoterically.â⬠(Savage 74) In other words, they both appreciated all the things they have received, learned, or gained from Gatsby. In return, they both were there for him through the end. Gatsby was more than the neighbor who was rich and threw parties, but he was also a friendâ⬠¦a human being. Work Cited Fitzgerald, F. Scott. The Great Gatsby. New York: Scribner, 2013. Print.
Friday, October 11, 2019
Decision Making for Behemoth Motors Corp
Business management has become one of the most popular jobs in the world . Wally Wizard, as GSPN manager, needs a keen eye to ensure that the business is running with no hitches, no obstacles to success and no decrease in revenues. First, it is important to define what Wally Wizardââ¬â¢s problem is. Superficially, Mr. Wizard has no problem with the outfit, because statistics show that only 2% of their products fail quality control. However, upon closer inspection, Mr. Wizard does have a problem: the direct materials that they utilize are acquired pursuant to monthly contracts.Even though there are no future obligations under the contracts, BMC is still vulnerable to his suppliersââ¬â¢ whims: sudden increase in rates or the possible non-renewal of their contracts the following month. Now that the problem has been identified, what alternatives do Mr. Wizard have? A perfect opportunity in an offer made by Far East Enterprises, Ltd. comes along. Although production costs are a frac tion higher than BMC/GSPNââ¬â¢s current operations, FEE offers a two-year contract that would presumably contain less risk than the current system.However, if Mr. Wizard opts for the outsourcing, what to do with their 100 strong employees? Mr. Wizard already has the relevant information he needs so that he can make a viable, intelligent and profitable decision. Behemoth Motors Corp. 2 (1) FEE assures the same quality as the current BMC/GSNP quality. (2) The FEE outsourcing is covered by a contract. (3) The factory floor space vacated by the business operations can be a source of savings. (4) FEEââ¬â¢s delivery schedule is as reliable as BMCââ¬â¢s. (5) BMCââ¬â¢s supervisors can be absorbed by other BMC units.Therefore, the only problem is the laying off of 100 laborers. The solution to this would be intense collective bargaining agreements with the union. The FEE contract will commence on July yet, buying time for the company to make negotiations. Labor standards and regu lations do not enjoin employers from discharging or laying off employees (Kim 2003). The employees may be given three monthsââ¬â¢notices of their discharge. In lieu, Mr. Wizard can monetize the three months notice, which will provide ample support and time for the employees to gain employment.Unions are amenable to notices specially if the workforce to be discharged is paid off. This is an opportunity cost for BMC/GSPN, wherein Mr. Wizard quantifies the cost of sacrificing his workforce, in favor of obtaining the benefits of the FEE contract (Jay 2004). Mr. Wizard will wake a sound managerial decision by opting for the FEE Behemoth Motors Corp. 3 Contract. Why? Most of the qualitative factors in making decisions are soundly met (Relevant Costs): (a) Quality is assured; (b) Delivery schedules will be met;(c) FEE is a reputable outsourcing company which will in turn uphold the reputation of BMC/GSPN; and (d) As result, customer opinion will be high and their satisfaction guaranteed . To conclude, studies have shown that outsourcing benefits include better planning, higher points of operational consistency, and faster implementation of new techniques and strategies (Ferrell 2003). Behemoth Motors Corp. 4 References Relevant Costs for Decision Making, Retrieved May 27, 2008 from: http://www. mhhe. com/business/accounting/garrison/Student/olc/garrison9emgracct_s/chapterindex13.htm Jay, B. (2004). Relevant costs for decision-making, Retrieved May 27, 2008 from: http://www. accademy. com/students/publications/student_accountant/archive/2004/47/1163453 Ferrell, Keith. Outsourcing Benefits May Be More Than Monetary, Retrieved May 27, 2008 from: http://www. informationweek. com/news/services/showArticle. jhtml? articleID=15200441 Kim, Wang Bae. Economic crisis, downsizing and ââ¬Å"layoff survivorââ¬â¢s syndromeâ⬠. Journal of Contemporary Asia, 2003. Retrieved May 27, 2008 from: http://findarticles. com/p/articles/mi_go2234/is_200310/ai_n9366529
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