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Thursday, December 26, 2019
The Role of the Government in Reducing Poverty Essay
Introduction In 1986, President Ronald Reagan issued the pithiest expression of the modern American political conservative credo when he told a Chicago audience, ââ¬Å"Ive always felt that the nine most terrifying words in the English language are Im from the government, and Im here to help.â⬠1 While the current Republican administration is hardly an embodiment of this sentiment (President Bush has overseen the largest inflation-adjusted increase in federal spending since the Johnson Administration2), conservatives, at least in principle, believe in the notion of ââ¬Å"small governmentâ⬠when it comes to social programs: less welfare, less federal control of education and Social Security privatization, among other proposals. Theâ⬠¦show more contentâ⬠¦All too often in our highly partisan political atmosphere, politicians impute nefarious motives to their opponents rather than critique the intellectual arguments that are presented in contention. This sophistry does no one in our country ââ¬â especially the poverty-stricken ââ¬â any good. For the purposes of this paper, therefore, I will assume that those with whom I disagree have the best intentions and that the source of disagreement lies with the different methods we advocate as most appropriate in trying to reach these ends. Poverty, Not Inequality Democratic Socialist nations (an appellation which categorizes much of Western Europe, for example) provide an extensive safety net to ensure a basic standard of living for every citizen. No doubt, there are serious trade-offs in a democratic stateââ¬â¢s decision to undertake socialist programs, not limited to high unemployment, workplace inefficiency, unwieldy labor union power and extremely high taxes on the most successful workers. My own political sympathies and life experiences place me in general opposition to socialist policies. Yet few reasonable observers would argue that democratic socialist societies are cruelly repressive because of their socialist nature (I stress the democratic aspect of socialism, for if the state wereShow MoreRelatedPoverty Between The Rich And The Poor993 Words à |à 4 Pagespeopleââ¬â¢s living standards is below the poverty line, without access to essential resources such as food, health care or education. Poverty, which is a multi-facet phenomenon in todayââ¬â¢s globalised world, is rooted in several causes and there are also multiple ways to eliminate it. This paper will discuss two main factors that cause poverty in developing countries, including overpopulation and corruption. It then suggests possible solutions to eradicate poverty, which include controlling populationRead MoreGender Roles And Gende r Inequality1576 Words à |à 7 Pages2010). The underlying gender roles and gender inequality that persists in South Africa help not only to explain their unbelievably difficult daily burdens but it also aids in the understanding of the lack of economic and political representation of women in the region (Bentley, 2004). Within South Africa there is a significant gap in the lack of opportunity and representation of women within the economic and political sphere, which directly correlates to their poverty. Often times the universal equalityRead MoreMacroeconomic Policies Of National Development1117 Words à |à 5 Pagesstability, employment and the achievement of sustainable balance sheet. Macroeconomic problems occur in every country, both developed countries and developing countries. Therefore, the government created the macroeconomic policies so that national development can work well. Macroeconomic policy is the policy of the government in the economic field to control and maintain economic stability. Economic policies are carried out by controlling / manipulating economic variables. These variables include: nationalRead MoreEconomic Poverty970 Words à |à 4 Pageswhether human progress tends to reduce world poverty, tends to increase world poverty, or tends to leave world poverty unchanged; different economists have reached different conclusions. And their different conclusions have impacted strongly on how governments and others approach poverty, and on how poverty is dealt with or not dealt with. Even after Hurricane Katrina and the devastation left in its wake exposed to public eye the shocking levels of poverty in the mostly African-American neighborhoodsRead MoreAustralia, despite being one of the developed nation in the world with high standard of living,600 Words à |à 3 Pagesimplemented to solve these problems but still it is an ongoing and never end ing issue in Australia. So to overcome the burning issue of Aboriginal people, some government and non-government policies must be introduce and implemented. Empowerment through health education and awareness to the Aboriginal people; especially women, reduction of poverty must be done. And eliminating discrimination and bringing health equality to overcome these causes. The first argument for improving the maternal and childRead MoreBangladesh Is On The Right Track1233 Words à |à 5 PagesSystems ââ¬â Section H October 16, 2015 Bangladesh is on The Right Track Bangladesh, the eight most populated country in the world has been plagued by poverty for a long time. In the year 2000, the United Nations created the Millennium Development Goals, the purpose was to decrease extreme poverty by 2015. Thus, when Goal 1; eradicating extreme poverty and hunger was included in the project, Bangladesh was targeted as the country is overpopulated and has a high rate of unemployment. A considerable numberRead MoreA Low And Stable Inflation Rate880 Words à |à 4 Pagesand the like to be shipped to these areas to help cater for the poor standard of living. In several discussions on how to alleviate poverty, itââ¬â¢s always been a question of empowering the locals to confront their problems, even though the execution has always been left for criticism. However, being able to achieve and sustain a reliable economy that alleviates poverty in these localities should be hinged on the implementation of effective and realistic policies, which mitigates the pr oblem from theRead Morerural livelihood1375 Words à |à 6 Pages : 2 ASSIGNMENT : Seven QUESTION : Discuss the role of government in promoting socio-economics of rural livelihood DUE DATE : 7 September 2013 DATE SUBMITTED: 2 September 2013 Government has a role to play in as far as promoting socio-economic for rural livelihood as the government is there for the people and it has to do anything possible for its people to live better life, government can promote socio-economic for rural livelihood through the implementationRead MoreStroke In Nicaraguaagua Case Study851 Words à |à 4 Pagesof stroke in Nicaragua, it is important to ensure that political action strate-gies are in place to help reduce IHDs in the population, such as more government policy to in-crease early screening interventions by health care professionals can go a long way to assess peopleââ¬â¢s risk at an early age. Likewise, specific policies that help minimize poverty in Nicara-gua and address the hindrances to accessible and affordable health care services in low and middle income countries globally can reduce theRead MoreTo What Extent Do Democracies Affect A Nation s Poverty?1578 Words à |à 7 Pages To what extent do democracies affect a nationââ¬â¢s poverty? My question was inspired by the article ââ¬Å" The Life of the Peasantsâ⬠. This article informs readers how bad the conditions were for peasants and the detrimental impacts that occurred on the peasants. Poverty is a serious topic that needs to be re-evaluated and analyzed some more. ââ¬Å"Globally, about 21,000 people die every day of hunger or hunger-related causesâ⬠, according to the United Nations. This is one person every four seconds and unfortunately
Tuesday, December 17, 2019
Privacy The Legal, Legitimate Government Of A State And...
There is a myriad of systems of government de jure across the globe, that is, ââ¬Å"the legal, legitimate government of a state and is so recognized by other statesâ⬠(USLegal, 2001). Governments are different, equally, laws from country to country; legislators in diverse countries have diverse written laws. Consequently, privacy doctrines are generally dissimilar: ââ¬Å"what it is, how it should be protected, and how much it should be respected by law enforcement personnelâ⬠(UMUC, n.d.). In the United States (U.S.), laws regarding privacy are plentiful: we have hundreds of laws with regard to privacy: Criminal laws, privacy tort laws, regulations, policies, federal statutes, etc. Similarly, each state has its own laws, regulations, andâ⬠¦show more contentâ⬠¦Likewise, guarding that personal information is rapidly gaining increasing significance. There is a need for the establishment and implementation of information privacy laws and standards to protect, such as social security numbers, home addresses, and health records. Fast food restaurants collect such privacy information in order to learn about their customerââ¬â¢s behaviors, for example, who orders what menu items, at what times of day, and from what particular franchise location. Likewise, when creating marketing strategies, these restaurants are able to better target customers with ads and commercials that better wet appetites. On the surface, this may seem legitimate, but weighty issues such as consent to acquiring this personal information cannot be implied by circumstances rather than giving an individual the freedom of choosing to consent. McDonaldââ¬â¢s, Burger King, and Wendyââ¬â¢s International McDonaldââ¬â¢s. Ray Kroc proposed an idea to two self-service restaurant owner brothers, Dick and Mac MacDonald, in San Bernardino, California (Hess, 1986). He later devised ââ¬Å"The McDonaldââ¬â¢s System, Inc.,â⬠(The Ray Kroc Story, n.d.) a plan to open McDonaldââ¬â¢s restaurants across the United States celebrated for their making food that was ââ¬Å"of consistently high quality and uniform methods of preparationâ⬠(The Ray Kroc Story, n.d.) quickly available to their customers. His train of thought was to have ordinary people and merchants buy into the business by
Monday, December 9, 2019
Marketing Principles for Price and Promotion - myassignmenthelp
Question: Discuss about theMarketing Principles for Price, Place and Promotion. Answer: Marketing mix for tiger beer Any product that is introduced in the market such the tiger beer needs a proper strategy that will help it penetrate the market. Even products already selling need to maintain the customers as well as keep expanding the market share, for this reason, a proper marketing mix need to be put in place. According to Broden, it is the ingredients that when combined capture and promote a brand or a products unique selling points, those that differentiate it from the competitors (Blythe, 2009). The mix comprises of Product, Price, Place, and promotion. These aspects are explained well in the following section using Tiger beer as the reference product. Product It is the good or the service that is fulfilling a specific want of the consumer. In this case, tiger beer is the product that is quenching the thirst of its consumers. Tiger beer must have a unique taste which is different from other beer. This constitutes its brand. It is the unique feature of the product different from the competitors brand. For example, the foam that appears on pouring the beer in a glass can have a unique scent which is attractive and customers can relate the beer with the scent. It should also be properly labeled and packaged such that a customer can be able to recognize it amidst many other products of the same kind. The aim is to help its consumers to easily note it. The beer can have for example a certain shape of the bottle carrying it or a striking color of the label. Place Refers to where the customers will find the beer when they need to purchase it. It involves the proper distribution channels the will ensure any time the customer need the beer they can access it and at the same time avoid flooding the market (Dominici, 2009). The company can establish depots throughout the country which will act as its warehouses to avail the product to both the wholesalers and retailers when they need it. The company can as well be receiving direct orders from the customers and thus make doorstep delivery. In addition, the company can employ distributors who will be going in the fields to directly deliver the beer in bars and potential customers. Price The value of the product to the customer is considered in monetary terms. The company should set a price that is proportional to the value that the customer will gain from the product and at the same time allow continuity and sustainability of the product in the market. Factors such as the competitors pricing strategy and the discounts are considered (Kotler, 2000). Odd pricing strategy, for example, can be adopted where for example the price can be set at one unit less than that of the competitors. Promotion It refers to the methods through which the customers shall be reached. It is the means that can be used to create awareness, remind the customers a well as inform them (McLean, 2002). A good promotional mix ought to be used which will make tiger beer outstanding. For example, the company can print t-shirts that can be given to the bar attendants in addition to the print and electronic media promotions. Also, the beer can sponsor a football match and in the process awareness of the product is made while still engaging in corporate social responsibility. References Blythe, Jim (2009).Key Concepts in Marketing. Los Angeles: SAGE Publications Ltd. Dominici, G (2009),"From Marketing Mix to E-Marketing Mix: A Literature Review,"International Journal of Business and Management, vol. 9, no. 4, pp 17-24 Kotler, P (2009)., Marketing Management, (Millennium Edition), Custom Edition for University of Pheonix, Prentice Hall, p. 9 McLean, R. (October 19, 2002). The 4 C's versus the 4 Ps of marketing. Custom Fit Online.Retrieved fromhttps://www.customfitonline.com/news/2012/10/19/4-cs-versus-the-4-ps-of-marketing/
Monday, December 2, 2019
Song for the Old Ones Essay Example
Song for the Old Ones Paper In the poem Song for the Old Ones Maya Angelou explores (QUESTION) by using the development of theme and the technique of imagery. Within this Maya Angelou poem she convincingly portrays the idea that her ancestors sacrificed themselves and accepted their oppression to keep their race alive: as she says they kept my race alive. Also the poem explores the different views of slavery. Angelous view on the subject is that her ancestors were extremely brave and she thanks them for enduring their hardships rather than pitying them as most people do. I think this indicates how convincing Angelous treatment of the subject slavery is because she is not frightened to express her own views and this emphasises what a serious subject it is. Another idea, depicted in the poem is the thought that Black slaves kept America afloat within the different industries and I feel if it were not for them, America would not be the success it is today; this is indicated in the poem by the lines Its our submission that makes the world go round. Throughout the poem Song for the Old Ones, I found there to be three strong themes oppression, slavery and sacrifice. Oppression is an issue which Maya Angelou describes in most of her poetry as well as this particular piece. She successfully portrays oppression by using effective word-choice such as Theyve laughed to shield their crying then shuffled through their dreams. This quotation shows that as Blacks were enslaved they will obviously have experienced a form of oppression; however, Angelou describes this oppression as being the worst kind a kind that steals your dreams. We will write a custom essay sample on Song for the Old Ones specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Song for the Old Ones specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Song for the Old Ones specifically for you FOR ONLY $16.38 $13.9/page Hire Writer I feel this quotation has a great impact upon the poem as most people say no matter how unhappy you are, you will always have your dreams but Angelous ancestors did not even have those. The second theme within this poem is slavery. Slavery is the subject of this poem and one which Angelou deals with strongly. Throughout the poem she refers to the hardships her ancestors endured such as the chains and slaverys coffles, which effectively describes the slaves conditions. This particular quotation describes how the Black slaves were linked together while working and moving. The third theme is sacrifice. Within the poem Angelou speaks of her point of view on her ancestors slavery. The quotation that shred my fact and sound, is the line Angelou uses to express her views. She feels that people who are sympathetic towards the slaves lives are only touching the surface of the reasons why her ancestors sacrificed themselves. Angelou believes she should thank them, not sympathise with her ancestors because she understands why they sacrificed themselves, they kept my race alive. Maya Angelou uses imagery throughout the poem Song for the Old Ones to heighten the impressions the reader is given of slavery and oppression while reading the poem. The following metaphor, I feel gives the impression of long-lasting effects of slavery, even after it has ended the slats leave dents of darkness. This is an appropriate quotation that proves what I felt previously because as you become older, dents pressed into your skin while sitting on a bench stay for longer periods of time which indicates that the emotional and physical scars of slavery will stay with them forever. Within the poem there is one simile they nod like broken candles; this simile describes how a Black slaves spirit was broken because of the oppression they faced. I think Maya Angelous word-choice within this simile gives a simple comparison which allows a reader to understand a serious subject because the words Broken candles portrays a simple image and when candles are worn down, they break and are no longer of great use; which is how the Black slaves were treated. When they became overworked and burnt out they were replaced just like a candle would be. Also, this simile creates the visual image of old men with bent backs because the candles referred to in the poem were held together only by the wick and conveying the impression of the slaves being worked until they broke. Thirdly, throughout the times when Blacks were and still are being oppressed, their means of conveying pain was to write songs called the blues. Usually this type of music is relaxed and that is why the following quotation is so hard-hitting to write the blues with screams. The use of the word screams shows exactly how much suffering Blacks have faced and because they had been quiet for so long the pain had built-up and then developed into screams. In conclusion, within this analysis of Song for the Old Ones, I have explored (QUESTION) through Maya Angelous eyes. Angelou treats the subject of her ancestors slavery with great pride and she writes from her heart with her true thoughts and feelings coming through in the poem. This is why I find the treatment of this subject so convincing. Throughout this essay I have referred to the poem to describe the themes and use of imagery Angelou uses to create this feeling of oppression and times of endurance. I feel Angelou has successfully explored (QUESTION) within this poem by referring to past oppression which Blacks had encountered.
Wednesday, November 27, 2019
Harris Seafood Essays
Harris Seafood Essays Harris Seafood Paper Harris Seafood Paper | |Harris Seafoods Inc. | Memorandum To:Mr. Charlie Harris II, CEO From:student 103 CC:Professor Date:11/22/11 Subject:Harris Seafoods Inc. : Processing Plant Project Analysis and Recommendation Your immediate attention is requested. We would like to take this opportunity to discuss our team valuation of accepting Processing Plant Project. We value that Harris Seafoods has evolved into one of the largest producers of frozen shrimp in the United States. We are impressed by companyââ¬â¢s remarkable high return on equity of 39% after-tax. Our analysis of the Processing Plant Project will help you make a well informed decision and additionally, it will provide an action-oriented recommendation. We will first identify key issues and risk involved followed by financial support of the project. Our analysis is supported with financial measures of NPV, IRR, CAPM theory and WACC to illustrate if accepting Processing Plant Project would provide acceptable required rate of return for Harris Seafoods. Key Issues and Risk: The processing Plant proposal would allow Harris Seafoods to seize the opportunity to expand into shrimp production and sales while utilizing its resources effectively. The expansion in shrimp processing facility would permit the company to grow in terms of return on investment. However, we would like to highlight various risk exposed to Harris Seafoods Inc by accepting the project. We believe that by accepting the project would affect Harris Seafoods high return on shareholderââ¬â¢s equity. Issues in Shrimp Industry: : The Shrimp Industry appears to be uncertain in terms of shrimp supply. The shrimp beds in the waters off Texas and Mexico were over fished, resulting in it becoming increasingly difficult to find shrimp as stated on page two. It exposes Harris Seafoods to the risk of shortage in shrimp supply. The price of shrimp is determined by the size, the value of the catch and production levels are beyond managementââ¬â¢s control. The price risk is vital to consider. The demand for shrimp is affected by the cyclical swings due to changes in the economy which also impact prices. As a result, the changes in supply leads to an increase in shrimp imports into the US since foreign competitors tend to have lower costs than fisherman within the US. Another major issue is the unpredictable shrimp supply. The supply of shrimps is risky due to the danger of being destroyed from oils spills from offshore drilling activity. Harris Seafoods also faces an existing threat with territorial limitations since most countries of the world have established 200-mile boundaries, as a result it limits the number of overseas boats allowed to fish in boundaries areas. One more issue and risk to consider is fluctuating and irrepressible cost of fuel expense for operating of boats and equipments. The Processing Plant Project: The processing plant proposal seem attractive and if Harris Seafoods decides to expand its operations in shrimp processing, the project will cost $7 million and can be completed by the first quarter of 1981. However, we encourage Harris Seafoods to consider if accepting the processing plant would meet Harris Seafoods required rate of return on shareholderââ¬â¢s equity. Using WACC, we determined discount rate of 15% 20%, the discount rate that company is expected to pay for all its bonds and stockholders to finance its assets. Using the long-term government bond as a bench mark, we concluded that risk free rate, an acceptable required rate of return, to be above 13. 521%. The inputs for WACC were 30% debt to a 48% tax rate which concluded to be 15%. Please note that 39% required rate of return from Harris Seafoods is very high and not common. Therefore, we feel that 18% rate of return is acceptable using CAPM. We calculated Required Rate of Return by using Capital Asset Pricing Models with inputs of treasury long-term government bonds (9. 44%), return on equity- all US manufacturing companies (16. 3%), and Harris Seafoodââ¬â¢s beta (1. 25). Please be advised that 1. 25 beta for Harris Seafoods equity, but we acknowledge that true beta of the project is uncertain because of finding a market portfolio with similar risk is hard to find. In addition, the Return on Equity at 15%, we took the discount rate and applied it to the Free Cash Flows to get a Net Present Value. The Internal Rate of Return of the project was 15%. To compensate Harris Seafoods for the opportunity cost and risk of not investing in lowest required rate of return plus risk premium for individualââ¬â¢s required rate of return, we will use WACC of Harris Seafoods. Our Recommendation: We recommend based on economical analysis determines that accepting processing plant project is not viable to meet the minimum required rate of return set by the Harris Seafood Inc. for shareholderââ¬â¢s equity. Your concerned about accepting this project would reduce the companyââ¬â¢s high rate of return on invested capital is absolutely correct after this analysis. The Free Cash Flow provides a possible scenario of receiving certain principle and interest payments that Harris may receive. Please be advised that our Cash Flow projects and forecast provides great uncertainty, consequently we compensate that uncertainty with the discount rate of 15%, the higher discount rate resulted in lower present value which means our project will be worth less. Please keep in mind that a negative NPV does not ultimately define poor investment, but rather, from an economic perspective a negative NPV signifies the investment will not return the expected required rate of return or neither will it compensate for opportunity cost missed as an investment elsewhere. Our Free Cash Flows concludes that Harris Seafoods would experience negative Free Cash Flow in 1980 of $10,035. 00 and continues to experience negative free cash flow for following years up to 1986, which results in negative present value. However, 1981 Harris Seafoods took a tax credit in the amount of $650,000 that declined present value for the years. We donââ¬â¢t recommend investing in the Shrimp Processing Plant because of the tax incentives offered by Brownsville, Texas. We also suggest Harris Seafoods to consider industry (supply and demand) risk, oil price risk, cycle risk, import and export risk, weather risk, and operating (oil-spill risk and storage cost) risk. Harris Seafoods has been successful, profitable, and maintained a high required rate of return. Although, we recognize by diversifying business risk by investing in processing industry would allow Harris Seafoods expand in business operations. In addition, we highly want Harris Seafoods to contemplate the critical risk factors of supply, demand, and price of Shrimp. We hope this analysis and recommendation is adequate. If you have any question, please free to contact any of our team members.
Saturday, November 23, 2019
Ethical Egoism Essay Sample
Ethical Egoism Essay Sample Ethical Egoism Essay Ethical egoism is the view that each of us ought to pursue self-interest, and it is our own obligation to promote self-interest. In other words, one shall not act for the good of others, but for the benefit of oneself. It may be, however, for the good of others also, but doing the act is for the best interest of the doer. Basically, in simplest terms, the actions done by a person is for boosting his/her ego, no matter what kind of action it is. Under this view, it is moral to do such. There are, however, conflicting views with regard to ethical egoism. Morality depends on the customs, traditions, and laws where a person is domiciled. Oneââ¬â¢s action is dictated basically by the society. There are, however, other views that a person, by its nature, is good or bad. Nonetheless, it boils down to the customary of a society ââ¬â it is always dictated. So for an action to be ethical, it must be within the standards of the customs. Because the person acts within the standards of morality dictated by the society, he/she will feel good about it. However, this actually depends on the action ââ¬â whether it is an overt or covert act. If it is an overt act, it also depends whether the action is known by the society; that is, by donating blood in a drive or when killing a person and there is a clear evidence that will put the doer into incarceration. The act must be seen by the society, where it will be judged as moral. Then, it will be reciprocated by an ego boost. Otherwise, the act may be immoral yet still boosting oneââ¬â¢s ego. There are however other people who choose a covert act, yet still the act is within the moral standards of the society. An example of ethical egoism is running for the highest position in the elections. The benefit depends on the doer. To win the election, one has to act accordingly to the morals of the society. When the candidate wins the election, he has to also fulfill his duties to his people. He only does this because running for election and winning the same actually makes the person feel good about it. It is for his self-interest because the position gives him the boost of his ego and the validation of the people makes him feel good. There is, however, a problem, when the person may seem to act well in front of the people yet is illegally trying to win over the hearts of the people: by cheating and killing people. The candidate still acts for his own benefit, but does he act morally? Maybe yes, maybe not. Another issue with regard to ethical egoism is the conflict of interest of two individuals. If two people share the same interest, how should this be resolved? Some philosophers that the resolution is to ââ¬Å"might is right.â⬠This means that the stronger gets to possess the benefit above the weaker one. There are however those who argue that the benefit must be shared by the two individuals. This raises the question of what are the standards dictated by the society. This view in simplest terms means one person will act only because it feels good. If the action does not feel good, one will not do the act. So, whether or not the action is moral within the dictates of the society does not matter in this case. As long as the action will benefit the person, it is moral. As most philosophers may argue, free will is the end all and be all of the actions of a person.
Thursday, November 21, 2019
The effect of demographics and personality on investment choice among Essay
The effect of demographics and personality on investment choice among UK investors - Essay Example Many studies have been undertaken across the world by scholars as well as academicians in the field of behavioral finance to explore what all psychological and demographic factors affect personal investment decisions and choice among alternatives. The study entitled "Risk Taking and Problem Context in the Domain of Losses: An Expected Utility Analysis" by John C. Hershey and Schoemaker in 1980 observes that women investors are more risk averse than men as regards gamble is concerned (Hershey 1980). Another popular study on the gender practices of investing; the researchers remark that both men and women are equally successful in investment decisions and there found no significance difference in investment decisions between male and female groups (Hudgen 1985). In an empirical study among men and women investors in auctions and lotteries undertaken by W. V Harlow and Keith Brown document that men prefer to take more risk than women as regards lottery and auction investments are concer ned (Harlow 1990). In another significant study on investment behaviour among individual investors considering their income level William Riley and K Victor Chow attempt to remark that "relative risk aversion decreases as one rises above the poverty level and decreases significantly for the very wealthy. It also decreases with age-but only up to a point. After age 65 (retirement), risk aversion increases with age" (Riley 1992). However, the authors speculate that "education, income and wealth are all highly correlated, so the relationship may be a function of wealth rather than education" (Riley 1992). In a research paper entitled "Gender Differences in Risk Behavior in Financial-Decision-Making: An Experimental Analysis", it is found that regardless of familiarity and framing, costs or ambiguity, women prefer investments with lower risk than moderate and high risk investments avenues (Powell 1997) . The main contention of the study of N. Jianakoplos and Bernasek in 1998 is that wom en are likely to exhibit more risk aversion characteristics than men when it comes to investment in defined contribution pension assets (Jianakoplos 1998). In the paper "Gender Differences in Risk Taking: A Meta-analysis", the authors conclude that women would like to take less risk than men (Brynes 1999). Schooley Diane K and Debra Drecnik Worden in their study in 2003 document that educated investors, especially those having education higher than secondary level tend to part their hard earned money in risky portfolios (Schooley 2003). The paper also finds that age and proportion of equity holding are positively correlated. In an interesting and popular study entitled "Risk Aversion and Personality Type" by G. Filbeck, Hatfield P. and Horvath P. in 2005, the authors conclude that the relation between personality type and individual ex ante EUT risk tolerance is non-linear in form (Filbeck 2005). Reviewing the aforementioned studies and papers, the present study attempts to explore the effect of demographic and personality traits on individual investment decision
Tuesday, November 19, 2019
Cloud solutions Essay Example | Topics and Well Written Essays - 750 words
Cloud solutions - Essay Example This essay intends to gain the knowledge of cloud solutions that are being adopted by majority of the organizations in the modern scenario with the aim of attaining significant benefits. It has been quite apparent that a majority of IT managers belonging to various organizations are interested in pursuing cloud solutions so that advanced and integrated technologies can prevail by a considerable level. Thus, this essay will discuss about informational environmental influences and impacts once a cloud solution is deployed within a specific organization. It can be apparently observed in this modern day context that a majority of the IT managers are much keen towards following cloud solution systems within their respective organizations. In this similar concern, according to the survey conducted by The Unisys and Center for Digital Government, most of the governmental organizations are either adopting the cloud computing solutions or planning to adopt the same for attaining significant benefits. This can be justified with reference to the fact that cloud solution is adopted due to the reason that it helps the governmental organizations to come into direct interaction with the customers. With the rise of the advanced technology in the modern world, the expectations as well as the preferences of the customers are also raising at large. In such cases, the customers can be benefited through cloud solutions as they can come into direct interaction with the governments and solve all their queries or doubts regarding any sort of subject mat ter. Above all, deployment of cloud solutions aids the governmental organizations in assuring the maintenance of security and safety of both the governmental affairs and information of the customers (Wood, ââ¬Å"Survey: Government Continues to Pursue Cloud Solutionsâ⬠). The adoption of cloud solutions has become one of the recent common
Sunday, November 17, 2019
Knowledge Questions for Unit Hsc Essay Example for Free
Knowledge Questions for Unit Hsc Essay As a candidate, make sure you describe and explain your actions. | | | | | | | |Knowledge Questions for Unit HSC 44 | | | | | | | |5 | | | |Who draws up the Code of Practice for Social Care? | | |The General Social Care Council. | | | | | | | |6e | | | |Outline features of systems used in Lincolnshire in respect of confidential reporting of issues of concern. | | | |The council has its own policy which helps to inform on bad practice, difficulties between staff members and complaints ect. This is| | | |the ââ¬Ëwhistle blowingââ¬â¢ policy and it was designed in order to protect those wishing to make a complaint and to avoid such things as | | | |victimization. Although anonymous, complaints are still dealt with the same seriousness as named complaints although it is preferred| | | |that applicants with complaints should not be anonymous. | | | | | | | | | | |7 | | | |When the Childrenââ¬â¢s act 2004 was published it contained some major changes for the way in which services were to be delivered. Take | | | |one and explain in your own words the advantages this brings for the wellbeing of children and their families. | | | |The Childrens Act 2004 brought about many changes and most significant was the Every Child Matters campaign that runs along side the| | | |2004 act. For the Act itself the main change that helps in the work that I do is the implementation of the CAF. This works in line | | | |with the need for inter-agency working. I think this is one on the most crucial changes of the Act, and as the Victoria Climbie | | | |inquiry showed many agencies were involved with the case and through lack of communication, information sharing and joint working | | | |Victoria Climbie died at the hands of her aunt. One of the many advantages is local authorities drive for inter-agency working. | | |Through this many agencies are trying to change their way of working and with the help of the CAF more agencies are invited to the | | | |first meeting when a child has been shown to have additional needs. On the whole the process is proving to be more focussed on the | | | |child and family and this reduces any stigma for the families as in the past most cases where always referred to social workers. | | |Families and children are now seen more often and social workers can now focus on the more complex and child protection cases. | | | |Through inter-agency wo rking families and children are given the help that meets their needs and reduces the need for long term | | | |involvement. | | | | | | | | | | |8a | | | |Outline the features of the Dfes initiative ââ¬Å"Building a Culture of Participationâ⬠| | | |This initiative is led by the government in their commitment to allow children to have a say in how policies affect them and to | | | |contribute to how a service is delivered. By listening to children and young people it ensures that policies and services are | | | |designed around their needs. This leads to better outcomes for children, young people and families. It also allows for policies to | | | |be effectively evaluated and evolve as necessary. | | | | | | | | | | | |9a | | | |Outline the Common Assessment Framework. Explain why this Government initiative has been introduced and its purpose. | | | |The CAF was implemented in 2006 in order to have a universal assessment form that could be used by all agencies and professionals. | | | |This was in line with some of Lord Lamingââ¬â¢s recommendations after the Victoria Climbie enquiry. As a universal document it reduces | | | |the need for repetitive assessments and focuses more on the child and family and multi agency working. The CAF process can start at | | | |any time once it has been identified that a child has an additional need. Once agreed all information is shared between the agencies| | | |involved again reducing the chance of a child ââ¬Ëfalling through the systemââ¬â¢. As the CAF is aimed at early intervention some one such | | | |as a school teacher can be the lead professional allowing more serious cases to be dealt with by social workers. As children can | | | |often have what was once deemed as minor issues and not warrant the classification as a child in need, through the CAF they are | | | |classed as having additional needs which allows professionals to work with the child and family. Once a child that has been | | | |highlighted as a CAF they can move in and out of the system as identified issues arise. | | | | | | | | | | |9bc | | | |Summarise the targets of the combined health and education initiative ââ¬Å"Healthy schoolsâ⬠. | | | |The national healthy schools programme promotes a whole school approach to health. The programme is a joint initiative between the | | | |department of health and the department for children, schools and families. It aims to deliver benefits for children on improvement | | | |in health, raise pupil achievement, more social inclusion and a closer working between health promotion providers and education | | | |establishments. | | | |The public health white paper choosing health (2004) set a challenging target for 75% of schools to achieve healthy school status by| | | |2009 and for all schools to work towards this target. Through a planned curriculum schools can promote learning and healthy | | | |lifestyle choices. The four core themes within the programme are: | | | |Healthy eating | | | |Physical activity | | | |PSHE | | | |Emotional health and well-being. | | | | | | | | | | | | | |12 | | | |How does the Joint Annual Review shape the way in which Childrenââ¬â¢s Services are delivered locally. You may wish to discuss | | | |Lincolnshireââ¬â¢s last JAR and comment on how the recent Service restructuring has been a result of this. | | | |The Childrenââ¬â¢s Act requires joint area reviews to be conducted in each childrenââ¬â¢s services authority area. The multi-disciplinary | | | |team of inspectors review all services provided to children and young people aged 0 ââ¬â 19. There are around 42 key judgements which | | | |relate directly to the five outcomes highlighted in the every child matters framework. Through the Lincolnshire JAR report published| | | |in March 2007 it was proved that there was a need for better facilities for all children aged 0 ââ¬â 19. There are now plans to develop| | | |a further 23 childrenââ¬â¢s centres by 2008. Through this service restructuring the aim is to shift the balance of services from | | | |interventionist to a preventative approach. The strengthening families will work with partner agencies to deliver the five outcomes | | | |for the every child matters. This is where childrenââ¬â¢s services as a targeted service interface as part of a universal service. | | | | | | | | | | |16e | | | |Identify the risks to effective working caused by stresses on the work force and recommend what action can be taken. | | | |When work becomes too stressful for an individual it can cause a knock on effect throughout the staff team and the cases in which | | | |the individual is working on. The individual can start to have more days off sick which could cause other staff members to add to | | | |their workload in taking on those individuals cases. Stress can also cause the individual to lose direction and focus in the cases | | | |they work on and this can result in a reduced quality of service for those particular families. | | | |Stress in the work place can be identified early and then reduced by regular supervision. Supervision gives the individual a chance | | | |to discuss their cases and anything that might be causing them to feel stressed. Supervisors are then able to help superviseeââ¬â¢s in | | | |managing there stress before it gets to the point where it affects all that they do. Staff meetings are another opportunity to get | | | |together on a regular basis with other team members as itââ¬â¢s a chance for everyone to discuss their working role as well as any | | | |difficult cases they may have. This gives a chance for positive reinforcement by the manager on the work that is being done and also| | | |a chance to ââ¬Ëbrainstormââ¬â¢ ideas that might help with the work. | | | | | | | | | | | | | | | |17 | | | |Explain in a short paragraph how the Social Model of disability affects children and their families which you work. | | |The social model of disability says that people are disabled not by their impairment, but by society that does not take account of | | | |their needs and prevents them from having full access to society due to physical, communication and social barriers. A large | | | |majority of the families that I work with fall into the category of being disabled by society. Those families that are most | | | |disadvantaged are those living in poverty. Families face multiple stresses which can affect a childââ¬â¢s needs. If a parent struggles | | | |to provide an adequate environment for a child this will impact on the childââ¬â¢s developments and the parentââ¬â¢s capacity to care for | | | |the child. | | |CHILD A | | | |CHILD B | | | | | | | |No dependence on social security benefits | | | |Household receives multiple enefits | | | | | | | |Two parent family | | | |Single adult household | | | | | | | |Three or fewer children | | | |Four or more children | | | | | | | |White | | | |Mixed ethnic origin | | | | | | | |Owner occupied home | | | |Council or privately rented home | | | | | | | |More room than people | | | |One or more persons per room | | | | | | | | | | | | | | | | | | | |18a/b | | | |See 8a above. | | | | | | | |18d | | | |Using Lincolnshire County Councils Competency framework, explain how you would assist a member of your team to develop skills in | | | |risk management with regards to child protection. You need to be specific to an individual competency. | | |Using competency number 8 ââ¬âAnalysis and Judgement. I would be able to assist the member of staff in the above question. As part | | | |of the competency it requires the individual to look closely at the work they do and how it could be improved. Part of this is | | | |through having a broad range of information about an issue. In this particular instance it would be child protection. This could be | | | |done in-house through regular supervision. This can be through asking the individual to research up to date information and then | | | |having a question answer session on the information they have found. This shows that the indivual has done what is requested and | | | |demonstrates that they have an understanding of the subject that they would then be able to take into their work practice. Another | | | |useful development skill would be to assign the individual to a child protection case that was held by a social worker. The indivual| | | |would gain insight into the process of how child protection is identified and then managed. This hands on approach would give valued| | | |knowledge and development without risk to the family involved. | | | |Finally a child protection training course would be beneficial to the individual to again further develop there knowledge of the | | | |subject. | | | | | | | | | | | | | | |19 | | | |What impact does placement disruption potentially have on the wellbeing of Children In Public Care. You should relate your answer | | | |the recent Government paper ââ¬ËCare Mattersââ¬â¢ | | | |Most children who end up in care experience multiple moves. It is standard that three or more moves constitutes as placement | | | |stability. Child development theories say that repeated movements jeopardize the opportunity for children to develop secure | | | |attachments with carers and trusting relationships with adults. Children with behaviour problems, prior instability and the age of | | | |the child at placement have all been found to be important factors in placement instability. | | | | | | | | | | | | | | | | | | | | | | |24 | | | |List 3 types of evidence that would be valid in court. Explain your rational behind each one. | | | |1) Video Evidence- For children 14years and under. Also for children classed as a vulnerable witness. Video evidence reduces the | | | |need for a child to be in court and to be face to face with the perpetrator. | | | |2) Court reports ââ¬â These are factual based evidence which follow a mandatory guideline for completing. | | | |3) Records ââ¬â Records are an essential source of evidence for investigations and inquiryââ¬â¢s, and may also be used in court | | | |proceedings. Therefore it is essential that any records on a child are clear and accurate and ensure that there is a documented | | | |account of an agencyââ¬â¢s or professionalââ¬â¢s involvement with a child and/or a family. | | | | | | | | | | |25 | | | |Provide three examples of recording information that might be deemed discriminatory and explain why, in at least one of these | | | |examples, the discrimination might pass without comment. | | |1) The child is ââ¬Ëmissingââ¬â¢ from the record ââ¬â This doesnââ¬â¢t mean that the child hasnââ¬â¢t been mentioned at all, but that their wishes and| | | |feelings, their views and understanding of their situation, are not recorded. The absence of a child from the record suggests to the| | | |reader that no work has been done with the child, or that the child has not been involved in any work. | | | |2) Facts and opinions are not differentiated ââ¬â Failing to differentiate between fact and opinions can result in the significance of | | | |some information being overlooked, or opinions becoming accepted as facts and which could influence the management of the case. If | | | |opinions and judgements are not substantiated in the record it can be difficult to explain how these were made to family members who| | | |access the records especially if the case holder who wrote them is no longer working within the agency. | | | |3) The record is not written for sharing. | | | | | | | | | | | | | | | | | | | | | | | | |This account must (except in the case of responses to questions) be authenticated by at least one of the following | |Work products seen | | |List | | |Witnessed byââ¬â |Name |Sign |Expert | |Include on witness list | | |Y/N | |I confirm the authenticity of the |Signature of Candidate | |work above |DATE 31. 03. 08 | |I confirm the judgements claimed |Signature of Assessor |TICK IF OBSERVED | |above |DATE | | EV 5
Thursday, November 14, 2019
pirate childrens story :: essays research papers
Some called him a pirate, some called him a scoundrel, and some said he was the devil himself! His name was Jack and he had been a sailor and an adventurer for a long, long time. His body carried the scars of a hundred sword fights, a map of the marvelous travels he had, a constant reminder of the things he had done. His schooner had sailed the seven seas and was beginning to show signs of old age, just like her master. Her sails were tattered, and she too had scars, from cannonballs and chain shots. Jackââ¬â¢s lone companion was a outspoken parrot named Polly, who was always perched on one of his shoulders. Now the three were setting off on one last voyage, one last chance for fame and fortune. They had sailed so many times before, only to find that their dreams of treasure and booty were only rumors. But this time would be different, this time they would find it. This time they had a map! Jack had seized the map from the ship he last raided. It wasn't much of a map, the parchment was old and yellowed and the compass directions were hard to make out. There were two tall mountains and some forests drawn on the paper, but most importantly, there was an X. The old man had seen maps like this before, and had never found anything near the marked spot. But this map had something about it that made him believe it was the real thing. And so with fair skies and following winds they sailed south, further south than they had ever been before. They sailed for seven days and seven nights, and on the morning of the eighth day, at the break of dawn, they saw land. It wasn't much, a small strip of land, but with two tall mountains and some trees, Jack knew it was the place. As the ship drew nearer, he began to see the island better, and he could see the beach. The sand was smooth, and white. It was one of the most beautiful sights he had ever seen in all of his years. Jack could see now that there were more than a few trees here. There was a thick tropical forest stretching from one mountain to the other. And the mountains were sending up small wisps of smoke. As the ship drew nearer, it hit him.
Tuesday, November 12, 2019
Brand alliance Essay
The desired outcome of a brand alliance is to increase each other brandââ¬â¢s equity. Some of the examples could be as follows: ââ¬Å"Two companies pool their resources to co-brand, with the idea that the new product can enjoy a unique positioning or two manufacturerââ¬â¢s pool resources to develop a promotional campaign featuring both brands. â⬠(Samu, Krishnan ; Smith, 1999, p. 57). In general, brand alliances carry along great benefits but at same time ome inevitable risk. Well-established alliance is a powerful tool that can help to promote, to specify, to enrich, and to increase the brand value. Good example for increasing the brand value is brand alliance of PorscheDesign and Adidas, where PorscheDesign clearly raises the image of Adidas and on other hand PorscheDesign has more presence and can sell its products in many lucrative locations. (Adidas Annual report, 2009). Brand alliances are used at times of prosperity as well as in times when the brand suffers; they may serve as a driver for a brand to regain its market position. Wrong arketing strategies can ruin the attractiveness and image of a brand and successful brand alliance can revitalize them. According to (Samu et al. , 1999, p. 57) ââ¬Å"A new brand might partner with an established brand to build a stronger presence for a specific usage occasionâ⬠. If one of the brands has very good image and brand equity, it is likely that customers will perceive the partner brand with similar attitude. This strategy is risky and can harm the stronger company. The risk factor can be lowered by extensive market analysis that can reveal some of the unfavourable issues for the xact brand alliance. A common practice for possible alliance partners is creation of an exit strategy. That allows companies react quickly if some of the planned outcomes goes wrong or in other direction than planned. (Melvin Prince ; Mark Davies, 2002) Very common reason for creation of brand alliance is a launch of a new product. It serves as a great advertising tool because it drags attention. New product is associated with some extraordinary brand, which creates a message for consumers. A successful example of brand alliances to promote new product launch where two trong brands allied and which worked perfectly was Range Rover and Victoria Beckham. The outcome was the new model line of Range Rover, Evoque. Targeted mainly at female customers, sales growth rose significantly after the introduction of Victoria Beckhamââ¬â¢s special luxury edition. Even though the actual limited edition was produced only in small volumes, it created great deal of exclusivity for the new product. Associating the new model with Victoria Backham and creating a well- managed advertising campaign led to a successful launch of the new model line crowned by many design awards. About Land Rover, 2012). . Analysis of Successful Factors in Brand Alliance 3. 1 Successful Factors Before going deeply in the analysis, it is important to understand in theory the successful factors behind a brand alliance and their effects on consumer attitudes. while the effects they produce are the independent variables. While engaging in an alliance, it is fundamental for companies to work on the successful factors in order to produce and maintain the positive effects while reducing the negative ones
Sunday, November 10, 2019
Management Protocol Essay
A protocol in the simplest words is a set of rules that allows and facilitates a connection to communicate between two computers. Protocols can be implemented through hardware or software. Whatever their scope, they are what govern networks and monitor them for effective communication. An internet protocol is more data oriented rather than connection oriented in the sense that it facilitates the exchange of data. Whatever the type of protocol is used, it is based on a few basic steps or prerequisites. These include detecting if a connection is possible, establishing connection, establishing rules of communication and messaging, editing messages, detect errors and termination of connection. Hence every protocol follows these steps. Protocols are important in the sense that we live in a networked society. Without protocols, this communication between computers would not be possible. There are famous protocols like the ones in the TCP/IP suite which are used on almost every computer. They however are ntot he only ones. Despite of many famous protocols like HTTP, FTP, IPv6, there are many others which have been developed over the years for specific purposes or as an alternate to the more famous protocols. One of these is the SNMP (Simple Network Management Protocol). The main purpose of this protocol is to detect and manage computers on a network. It uses variables to store and retrieve data regarding whether connections are present and if yes then also their status regarding connectivity etc. Another protocol is the SOAP (Simple Object Access Protocol). It is one that manages computers by communicating through XML based objects instead of packets over a network. References: Mukhi, Vijay. Kotecha, Sonal. SNMP: The Simple Network Management Protocol. 2 December 2007 Box, Don. Ehnebuske, David. Simple Object Access Protocol (SOAP) 1. 1 W3C Note 08 May 2000. 2 December 2007
Thursday, November 7, 2019
5 Basic Rules for Having Roommate Guests
5 Basic Rules for Having Roommate Guests Its a rare college roommate situation where neither person brings over a guest at any time during the entire academic year. More likely, one or both roommates have someone over - for the night, for the weekend, for a day or two. Having a few basic rules in place in advance, however, can help everyone avoid awkward situations, hurt feelings, and overall frustration. What to Know Before You Have Guests Rule 1: Notify as far in advance as possible. If your parents are coming to visit for Family Weekend, let your roommate(s) know as soon as you can. That way, the room can be clean, things can be picked up, and embarrassing items can be put away if necessary. If your guest shows up as a surprise - e.g., your boyfriend drives up to surprise you for the weekend - let your roommate know before they come home. A simple phone call or text message can at least give them a heads up that youll be having company for a little while. Rule 2: Know whats okay to share - and not. Most roommates dont mind if you borrow something from time to time. A squeeze of toothpaste here or some hand soap there wont bother most folks. A used towel, eaten breakfast food, and laptop surfing can easily send the calmest roommate into orbit, however. Know what your roommate is willing to share and let your guest know as soon as possible. Even if youre in class while your guest eats the last of your roommates cereal, its your responsibility to fix the problem. Rule 3: Have a limit on how long people can stay. Its reasonable to expect a roommate to accommodate the unique factors of your personal life. Your mom might call too often, for example, or you might have an annoying habit of hitting the snooze button one too many times in the morning. Having a guest stay for too long, however, is not something you can reasonably expect your roommate to adapt to. Its their place too, after all, and they need their regular time and space to focus on school. Respect your shared environment and make sure your guests leave before they overstay their welcome. Rule 4: Make sure your guest leaves things exactly how he or she found them. If your guest wants to be a good house guest, they should be respectful of everything in your shared living environment. That means cleaning up after themselves, whether in the bathroom or the kitchen. The last thing you need is for your guest to be disrespectful and leave a mess behind. Ask your guest to make sure to clean up after him- or herself, and if they dont, make sure you do as soon as possible. Rule 5: Be clear on how frequently guests can visit. Okay, so all of your guests are dreamy. They dont stay too long, they tell you theyre coming in advance, they clean up after themselves, and they respect your roommates stuff and space. That can all be true, and yet ... you can simply have guests over too often. If people are over every weekend, for example, that could easily become wearisome for your roommate(s), who might simply start craving the ability to wake up on a Saturday morning and not have to deal with the company. Talk to your roommate not only about guest specifics but also about patterns. How much is too much? How many are too many? Being clear from the beginning and checking in throughout the year can make sure that you and your roommate continue to have a good roommate relationship - guests and all.
Tuesday, November 5, 2019
Where people look online - Emphasis
Where people look online Where people look online Recent eyetracker research reveals that users of news websites look at the headlines first, rather than the images. The study, called Eyetrack III, from The Poynter Institute in the US, looks at how peoples eyes move, focus and skip while reading news websites. It found that people zoomed in on headlines first, although they tended to read only the first few words of the headline. Similarly, they scanned down the left-hand menu of headlines until something prompted them to read on. This and other findings from the research have important implications for those involved in creating online content. That people are attracted by headlines first online (as opposed to in print, where photos are generally viewed first, according to a 1990 study from the same institute) highlights the importance of gripping online readers in the first few words. The research also found that people devote less than an average of one second to scanning a headline, so your words need to captivate visitors almost instantly. Short and snappy headlines are clearly the order of the day when it comes to attracting and more importantly keeping website visitors. There are implications for email writing too. Subject lines should be fairly short and as self-explanatory as possible, with the key words first. Text: bigger is not always better Surprisingly the study found that smaller fonts encouraged people to focus and read content, rather than just scan it. This finding seems a little counter-intuitive, but suggests that if you want people to read closely, making the text size smaller may be a good idea. Obviously, this could be taken too far: try not to induce squinting, but choosing a small(ish) font may encourage your visitors to read more closely. People tended to just scan those news websites using large fonts. Paragraphs, too, should err on the side of short. The research found that people focused on shorter paragraphs twice as often as they did on long ones. Images: faces and click-throughs Although they werent the first thing the study participants looked at, pictures did tend eventually to draw the eye. And the bigger the image, the more attention it got. Seventy per cent viewed an average size photo, compared with a postage stamp sized picture, which caught the eye of only ten per cent. Pictures of clean, clear faces were the biggest draw (though not on stamps, presumably). Many of the test subjects tried to click on photos even though it got them nowhere. Picture links that lead somewhere useful could be a good way to cash in on this apparent reflex. And its an area that is often underutilised or overlooked when creating online content. Be careful with visual breaks Those participating in the study often didnt read blurbs beneath an underlined headline, and researchers found a similar phenomenon with adverts. Adverts were read less frequently if they were separated from editorial content and preceded by white space or a rule. So use lines, rules and other visual breaks with care. Eyetracking and the future The process of eyetracking, which youve guessed it tracks and records a persons eye movements while they are reading, has advanced greatly in the last 20 years. Where subjects once had to wear cumbersome (and, frankly, unflattering) camera headgear while under observation, now the technology consists of a small video camera, which is placed under the computer monitor being viewed. From there it locks onto and records the subjects gaze, making for a more natural experience and therefore providing more realistic results. The researchers themselves point out that research in this area is far from exhaustive (test subject groups tend to be quite small and variables are not always tightly controlled), but theyd like to see it continue. We hope that Eyetrack III is not seen as an end in itself, but rather as a beginning of a wave of eyetracking research that will benefit the news industry, say Steve Outing and Laura Ruel, the studys project managers. And with over 1.73 billion people currently logging on worldwide and the paperless office potentially just around the corner, it looks like this area of research is definitely something we should all keep an eye on. Emphasis runs a one-day course, called Writing web content with clout, which explores the specific skills required to write compelling web copy. Call us on +44 (0)1273 732 888 or email us to find out more.
Sunday, November 3, 2019
What are the principal powers available to the courts in connection Essay
What are the principal powers available to the courts in connection with the interpretation and application of statutory legislation - Essay Example The Courts have the power to declare a law void if it goes against the spirit of the Constitution of the supreme law of the land prevailing in the country. It has the power to nullify the effect of the law if it goes beyond the boundaries and parameters set forth to enact laws. The Courts have to keep an eye with the way the legislation is passing laws since it keeps checks and balances on the laws which are enacted in the Parliament, and the authority to decide on that is solely with the Juduciary. The Courts have to decide on the applicability of any law. This is the greatest power which it possesses being a wing of the State. The Court has been granted the duty and the responsibility to guard the spirit of the law in its right perspective. Let us now analyse the two main duties of the courts: 1. Power to make the law 2. Power to apply the law The above are the two basic powers which the courts possess. The Judiciary is assigned the duty to apply the law as it stands out to be in cases which it gets for referral from the people. It has the power to decide a case based on the basis of the law which has been passed by the legislation. The courts go through each and every aspect of the law and try to come up with the correct interpretation which lies in the process of making the law as well. Interpretation is the first part of making law, and we shall now discuss the different schools of interpretation which exists in Judiciary today. Literal Rule: ââ¬Å"The literal rule of sta tutory interpretation should be the first rule applied by judges. Under the literal rule, the words of the statute are given their natural or ordinary meaning and applied without the judge seeking to put a gloss on the words or seek to make sense of the statute.â⬠( http://e-lawresources.co.uk/Literal-rule.php) Literal rule is the way of interpretation where the Courts try to analyse the law with respect to its strict wording. According to this rule, the law is understood by the judges from the literal meaning of the word. The judges do not apply their own opinion or thoughts and read the law as it is given in the code form. One of the major advantages of this form of interpretation is that law is made by the court on the basis of the meaning of the word, so there is no chance of cheating since the meaning of the word cannot be changed from it is in the dictionary. It promotes transparency as well as upholds the Legislature as the supreme authority in making the laws, even thoug h the courts have a stake in the way the law is applied. However, the disadvantage of this form of interpretation is that sometimes the word can have inherently two meanings, or it may have been put to avoid a mischief, which the courts will not take into account when they interpret the law with accordance to the literal rule of interpretation. Golden Rule: ââ¬Å"The golden rule is that the words of a statute must prima facie be given their ordinary meaning. It is yet another rule of construction that when the words of the statute are clear, plain and unambiguous, then the courts are bound to give effect to that meaning, irrespective of the consequences. It is said that the words themselves best declare the intention of the law-giver."( http://cssonline.forummotion.com/t1735-golden-rule-of-interpretation) In the case of Maumsell v. Olins, (1975) AC 373, Lord Simon formulated the exception to the "golden rule" required by technical words, or words of art, as follows : "(The 'golden rule') is sometimes put. (sic) that in statutes dealing with ordinary people, in their everyday lives, the language is presumed to be used in its primary ordinary sense unless this stultified the purpose of the statute or otherwise
Friday, November 1, 2019
Organisational Change management Essay Example | Topics and Well Written Essays - 500 words
Organisational Change management - Essay Example changing into the new Strategic Direction are based on the fact that the Suffolk County Council requires radical changes that will reduce their costs. Currently, it has become too slow, complex, overelaborate, risk adverse, serves the regulator more than the customer, and too expensive considering the impeding financial crisis. This program will reshape the Councilââ¬â¢ way of thinking and provide radical solutions to the financial problems affecting the council. It will also make the council leaner, smaller, cheaper, more creative, and more innovative by developing more commercial skills which will enable the council to understand its costs better so as to reduce them. The budget gap of the council is expected to rise to à £153 million by 2013. Attempts to reduce the staffing costs the budget gap by laying off promises no solution to the budget gap as it will save only à £55m out of the à £153m from the lost 400 jobs. Furthermore, the council has no capacity of running a big r edundancy programme for its staff. The program is focused on challenging spending and reducing costs so that the à £153m budget gap will not be realized. The program addresses the à £153m budget gap by reducing the demand for their services. This will entail addressing the root cause of social problems and solving them and also building social capital to strengthen communities to be able to solve their own problems. This proposal will include the description of the current situation; this section will address the current issues facing the Suffolk County Council and why changes should be implemented. Next will be the goals of the proposal; based on the assessment of the problems facing the Suffolk County Council, this section will provide the New Strategic Direction and the solution it offers to the council. This section will be followed by proposed Methodology; this section will address a step by step process of implementing the New Strategic Direction until its goals are realized. Time and cost
Wednesday, October 30, 2019
Communication and Conflict Chapter 6 Essay Example | Topics and Well Written Essays - 500 words
Communication and Conflict Chapter 6 - Essay Example Second principle is that each discrete emotion serves different functions; they help us organize perception, cognitions, and actions in order to pursue attempts to cope and create. In this regard, different emotions assist us in accomplishing different tasks in resolving conflicts. Third principle is that significant personal situations are those that trigger organized patterns of emotions. In short, emotions happen in an organized manner, with one emotion regulating other emotions. Emotions interact with each other in coherent ways; this is how persons can address their conflicts, even though conflicts are highly complex and may be confusing. Emotions create an orderly response to conflicts. Fourth principle is that people develop emotion-behavior patterns as children, and build on them as they grow and mature. For instance, the crying jags of toddlers adjust to more restrained behaviours as one grows older. The fifth principle is that individual personalities are built upon blocks of emotion-behaviour patterns, and lastly, emotions trigger difficult behaviour in response to certain triggers. One misconception about emotion is that it is a hindrance to resolving conflicts. For many people, emotions are thought to be irrational, uncontrollable, and will tend to escalate they remain unexpressed. The tendency therefore is for people (who believe that emotions are a hindrance) to ignore their emotions; emotions are seen as a negative thing, a sign of weakness, and should not be expressed at work. Emotional people are thought to be out of control, so it is important to try to justify feelings logically so that they could be put in control. Many times, the expression of emotions are thought to be a burden to the listeners, so our modern rational culture tells us not to express emotions, or to avoid those who do. Moreso even, mature, well-adjusted people are misconceived to be
Sunday, October 27, 2019
Causes and Effects of the Air France 447 Crash
Causes and Effects of the Air France 447 Crash Air France Flight 447 was an international, long-haul passenger flight, from Rio de Janeiro to Paris. On 1st June 2009 the aircraft crashed into the Atlantic Ocean killing everybody on board. The aircraft is thought to have crashed due to temporary inconsistencies between airspeed measurements, caused by the aircrafts pitot tubes being blocked by ice crystals. Ultimately, the autopilot disconnecting and the crew reacting incorrectly, led the aircraft to an aerodynamic stall from which they did not recover (BEA, 2012). The accident resulted from a combination of factors relating to both the technology of the aircraft and the training of the crew (BEA, 2012). The technological failures were: poor feedback mechanisms, unclear display of airspeed readings, confusing stall warnings, absence of visual information and poor indications by the Flight Director. Failures in training resulted in the crew; not responding to the stall warning, not being trained in icing of the Pitot tubes and lacking practical training in manually handling the aircraft. Moreover, incomprehension of the situation and poor management of emotions weakened the task sharing ability of the co-pilots. This accident has highlighted a number of human automation issues in aviation. Automated flight-control functions can remove some danger from aviation, however it also changes the activities, workloads, situation awareness and skill levels of the operators, which can cause problems (Hodgson, Siemieniuch Hubbard, 2013). The first problem highlighted by this accident is the crewââ¬â¢s change of role from operator to monitor. Flight deck automation uses the crewââ¬â¢s ability to perform a passive monitoring role, rather than an active operating role. One problem associated with this is a drop in vigilance (Mackworth, 1948), which is exacerbated when a system is highly reliable (Parasuraman, Molloy Singh, 1993). However, these accidents are not human operator errors, they are automation system design errors. More importantly, the crash of Flight 447 was partly attributed due to loss of situation awareness, possibly due to pilots having to perform a passive monitoring role. Monitoring roles can reduce the situation awareness of the current ââ¬Å"flying stateâ⬠of the aircraft, as well as the awareness of its predicted future behaviour (Sarter Woods, 1995). Lack of situation awareness can also be an outcome of complex automation, such as a having a complicated flight automation system which can result in pilot confusion due to poor interface design. In the case of Flight 447 the BEA (2010) report shows that a poor Human Computer Interface played a main part in the crash. There were a number of reasons for this: the Flight Director display was inaccurate, therefore accounting for most of the wrong pitch-up inputs due to an altimeter error. Airspeed inconsistencies that had been identified by computers were not clearly displayed. Failure messages were generated but only showed the consequences not the origin of the problem. There was no indication of a blocked pitot tube on the flight displays. There was also an absence of Angle of Attack information, which is important in identifying and preventing a stall. This information was sent to on-board computers but there were no displays to convey this information. Furthermore, as the level and complexity of automation increases, the levels of experience and skill needed to be able to recover from a failure or unexpected situation have increased (Hodgson, Siemieniuch Hubbard, 2013). This is because there is less time for the operator to become aware of and correct developing problems. For example in Flight 447 the crew had less than three minutes to find the problem and take action. Additionally, in the case of aircraft, the ability to recover from a failure or unexpected situation relies on the crews manual flying abilities too. However, with highly automated aircrafts there is a loss of manual flying skills experienced by pilots (Wood, 2004). Fanjoy and Young (2005) found that training and airline policies on automation, often lead to a lack of opportunities to practice resulting in pilot complacency as well as the deterioration of flying skills. Furthermore, Young, Fanjoy and Suckow (2006) found that crews who used the most flight deck automation had poorer manual flying skills than others. This has implications when there is an abnormal situation in which the automation system disengages without prior warning, as the crews will rely on their manual flying skills. Furthermore, automation will maintain stability until it is no longer possible, resulting in the aircraft going out of control as the flight crew take over, meaning crews need to have good manual fl ying skills. A further problem with this is that automation increases mental workload during high-load periods (Funk et al, 1999). This workload problem increases when there are situations that need further mental workload during an already high workload time. When the crewââ¬â¢s workload is high, developing failures of the automation system are more likely to be allowed to develop into a critical situation. For example, if damage has occurred or instrumentation has failed, the Flight Management System advice is often misleading or incorrect, and flight crews can be overloaded with a vast amount of information and alarms, making it difficult to identify what the problem is. For example, the crew of the A447 were faced with more than 50 simultaneous alarms.One alarm after another lit up the cockpit monitors. One after another, the autopilot, the automatic engine control system, and the flight computers shut themselves off (Traufetter, 2010). This lead to them not being able to understand or ide ntify what the problem was before it turned into a critical situation, ultimately ending in disaster. The above problem could be due automation being an inadequate crew member. Automation can act as a poorly trained, incommunicative member of the systemââ¬â¢s crew. There is often poor interaction between crews and automation systems (Norman, 1990), yet there is a need for multisensory feedback to crews (Sarter 1999). In order for a crew to achieve a safe level of shared situation awareness, the automated system must become part of the crew. It needs to do this by communicating its adjustments in order to maintain shared situation awareness. Current automated systems may indicate adjustments on a dial or screen, but they do not typically draw attention to them because they lack situation awareness of the ââ¬Å"bigger picture.â⬠Clear communication can prevent accidents. For example in Flight 447 if there would have been clear communication that the pitot tube was frozen then this would have stopped the chain of events from unfolding. To improve automation it is proposed that aircraft should be made into more effective team players. A humanââ¬âautomation team should be defined as ââ¬Å"the dynamic, interdependent coupling between one or more human operators and one or more automated systems requiring collaboration and coordination to achieve successful task completionâ⬠(Cuevas, Fiore, Caldwell Strater, 2007). Current automation systems perform as very inadequate team members, leaving the human operators or crew unprepared when failure occurs or unusual events arise. (Hodgson, Siemieniuch Hubbard, 2013). To improve human-automation interaction, systems should be able to trade and share control so that interacting with a system is more like interacting with a teammate (Scerbo, 2007). Future systems, such as Free Flight, are envisioned to have humanââ¬âautomation teams sharing and trading tasks (Inagaki, 2003) as situational demands change (van Dongen van Maanen, 2005). Such dynamic situations creat e occasions where humanââ¬âautomation teams can implicitly coordinate (Rico, Sanchez-Manzanares, Gil Gibson, 2008) on an almost exclusively cognitive basis (Hoc, 2001). This would enable automation systems to become good team players. Furthermore, good team players make their activities observable for fellow team players, and are easy to direct (Christofferson Woods, 2002). To be observable, automation activities should be presented in ways that capitalise on human strengths (Klein 1998). For example; they should be: Event-based: representations need to highlight changes and events, Future-oriented: Human operators in dynamic systems need support for anticipating changes and knowing what to expect and where to look next and Pattern-based: operators must be able to quickly scan displays and pick up possible abnormalities without having to engage in difficult cognitive work. By relying on pattern-based representations, automation can change difficult mental tasks into straightfo rward perceptual ones. Overall, changes in workload, reduced situation awareness, reduced operator skills, automation failures and unexpected behaviours have caused many accidents over the past three decades, including flight 447. As a result of these factors, manual recovery when the automation system fails is often compromised. These issues may have been exacerbated by having a tightly coupled system. Tight coupling reduces the ability to recover from small failures before they expand into large ones. Tighter coupling between parts spreads effects throughout the system more rapidly. This means that problems have greater and more complex effects that can spread quickly. When automated partners are strong, silent, clumsy and difficult to direct, then handling these demands becomes more difficult. The result is coordination failures and new forms of system failure. Currently it is argued that aircraft systems are only moderately tightly coupled. However, airlines, for financial reasons, are pressing for a r eduction of flight crews from three (pilot, co-pilot, and engineer) to two (pilot and co-pilot) on the grounds that computers and other devices reduce the engineering load. More automation in its system and reducing the number of controllers will lead to much tighter coupling resulting in less resources for recovery from incidents (Perrow, 2011). Now the problems with the automation in Flight 447 have been identified, it is important to understand how safety models contributed to the understanding of the accident and what the implications are for managing safety in the future, to prevent history from repeating itself. The first safety model and safety management strategy is known as Safety-I. According to Safety-I, things go wrong due to technical, human and organisational causes such as failures and malfunctions, with humans being viewed as a main hazard. The safety management principle is to react when something goes wrong; by investigating and identifying the causes of the accident and then trying to eliminate the causes or improve barriers. This results in safety being a condition where the number of adverse outcomes is as low as possible. The principles of safety-1 have been expressed by many different accident models; the best known accident model being the Swiss cheese model (Reason, 1990). This model posits that accidents occur due to multiple factors jointly. These factors align creating a possible trajectory for an accident. These can either be latent conditions, such as problems with the organisation due to its design or management, which are present in the organisation long before an incident is triggered. Active failures are mistakes made by human operators, which when combined with the latent failures, result in an accident. It states that that no one failure, human or technical, is sufficient to cause an accident. Rather, it happens due to the unlikely and often unforeseeable event of several contributing factors arising from different levels of the system. In the case of Flight 447 the model would allow each contributing factor to be identified. For example the technical faults would be: the Human Computer Interface, pitot tubes, controls not being linked between pilots, misleading stall warnings. Human faults would be the Co-pilot pulling back on stick, poor management of startle effect, poor communication and the captain leaving the room. Organisational faults would be poor training, delayed installing new pitot tubes, poor design of HCI. When put together all of these factors played a part in causing the accident. Looking for human errors after an event is a ââ¬Å"safeâ⬠choice, as they can always be found in hindsight. Looking and finding human errors makes it easier to find who should be held accountable and where preventative measures should be aimed. However, when ââ¬Å"the causeâ⬠has been attributed to individual error, the preventative measures are usually misaimed. Accidents occur from a combination of many factors and by blaming the individual, people often assume that the system is safe, as soon as it can get rid of the ââ¬Å"bad applesâ⬠. However more recently, a proactive model of safety has been suggested. Proactive safety management is part of the aim of Safety-II, which argues that focusing on cases of failure does not show how to improve safety and that instead of looking at what goes wrong, there should be a focus on looking at what goes right in order to understand how that happens. In hindsight after an accident, many weaknesses existing in organisations are usually revealed. For example, detect the ââ¬Å"deviationsâ⬠from rules and regulation and find the ââ¬Å"causeâ⬠. However, the fact that something did deviate from a prescribed rule is not necessarily a contributor to an accident or even an abnormal event. On the contrary, adaptations are often a norm rather than an exception (Reimana Rollenhagen, 2011). It should be acknowledged that the everyday performance variability needed to respond to varying conditions is the reason why things go right. Humans are consequently seen as a resource neces sary for system flexibility and resilience. The safety management principle is continuously to anticipate developments and events. When something goes wrong, we should begin by understanding how it usually goes right, instead of searching for specific causes that only explain the failure. This strategy posits that accidents are not resultant but emergent. In consequence of this, the definition of safety should be changed from ââ¬Ëavoiding that something goes wrongââ¬â¢ to ââ¬Ëensuring that everything goes rightââ¬â¢. The basis for safety and safety management must therefore be an understanding of why things go right, which means understanding everyday activities. Safety management must be proactive, so that interventions are made before something happens. In the case of Flight 447 safety management needs to ask: What could have been done before that flight to minimise the possible risks associated with it? (McDonald Ydalus, 2010) The risks were built into the operational situation before take-off. Routine measures in advance could not just prevent this accident happening again but provide a more general preventive shield against a wide range of system accidents. This has been explained in a FRAM analysis model (Hollagenel, 2004). In this model there is a need to understand the essential system functions, their variability and how these can resonate, in order to identify barriers for safety. Furthermore, another way to understand why an accident occurred is to determine why the control structure was ineffective (Leveson, 2004). Preventing future accidents requires designing a control structure that will enforce the necessary constraints. In systems theory, systems are seen as hierarchical structures, where each level puts constraints on the activity of the level below. This means that constraints or a lack of constraints at a higher level allow or control behaviour at a lower level (Checkland, 1981). The cause of an accident is viewed as the result of a lack of constraints due to inadequate enforcement of constraints on behaviour at each level of a socio-technical system. The model has two basic hierarchical control structures; one for system development and one for system operation, with interactions between them. Between the hierarchical levels of each control structure, good communication channels are needed. A downward reference channel provides the information needed to apply constraints on the level below and an upward measuring channel provides feedback about how effectively the constraints were applied. At each level, inadequate control may result from missing constraints, inadequately communicated constraints, or from constraints that are not enforced correctly at a lower level. (Leveson, 2011). Therefore, understanding why an accident occurred requires determining why the control structure was ineffective and preventing future accidents requires designing a control structure that will enforce the necessary constraints. Therefore the implications for managing safety are that by combining safety-I and safety-II techniques, so that there is a proactive focus looking at how everyday activities go right, then accidents could be prevented by being able to identify the organisational and societal problems, which can then be changed before an accident happens, for example by making sure the right constraints are in place. Overall, pilots are part of a complex human-automation system that can both increase and reduce the probability of an accident. Training, automation systems, and cockpit procedures can be changed so that certain mistakes will not be made again. However, it could be that with the inclusion of the humans and their variability, there will always be the possibility of an accident. However turning automation systems into effective team players may transform aviation, preventing avoidable catastrophes. Furthermore, safety management strategies should focus on how to be proactive in order to identify potential accidents before they happen, focusing on how variability and adjustments are a part of what goes right in everyday performance, which may prevent accidents from happening.
Friday, October 25, 2019
Hazing and the Studentââ¬â¢s Consequences :: Free Essays Online
Hazing and the Studentââ¬â¢s Consequences I recently enlightened myself to an interesting incident in a small college in northern New York state which brought attention to a subject our country has cursed, loved and fretted about for years ââ¬â that of hazing. Hazing is defined as: To persecute or harass with meaningless, difficult, or humiliating tasks. To initiate, as into a college fraternity, by exacting humiliating performances from or playing rough practical jokes upon. (Dictionary.com) These ââ¬Å"jokesâ⬠have affected the lives of a number of people in a large way. The first article of which I made reference comes from a New York Times writer Lisa W. Foderado, which focuses on recent events at Plattsburg State, a college in Northern New York. A boy entering an underground fraternity was put under ââ¬Å"water torture,â⬠where he was forced to drink pitcher after pitcher, and even drain funnels of water. This task made him go into a condition which is called hyponatremia, where sodium levels in the blood drop to dangerously low levels; he died later that night. This article shows the dangers of these ââ¬Å"undergroundâ⬠fraternities, and their tainting of the Greek system. The second article comes from P&Mââ¬â¢s press, and focuses on hazing that takes place in other types of societies, basing it on squirrel activities, and showing how they can harm themselves from dangerous activities. The third article comes from the University of Florida archives, and ties controlled hazing into good tradition. These freshman hazing rituals created a bond between the classes, and gave interesting activities to all of the students. From the good to the bad, hazing is at the least ââ¬Å"an issue.â⬠Hazing from one side can have effects ranging from a hangover, to burst cheek pouches, to even death. On the other hand, a strong bond between the students is made, and gives good experience to younger students in their life education. Looking at Foderado, we are presented a case of extreme penalties from a harsh incident. A boy who was just trying to fit into a group was given the most extreme of penalties from an incident of pure stupidity. Neither the group nor the boy showed any responsibility in the matter.
Thursday, October 24, 2019
Lois Quam Essay
This case discusses the career, vision, and life of Lois Quam, CEO of Tysvar. Tysvar is a ââ¬Å"Minnesota based New Green Economy and health care reform incubator.â⬠After a successful career in the investment banking world, Quam was moved by climate changes she saw while on a trip to Norway and decided to start Tysvar. Tysvar is about universal health care reform, as well as contributing to ââ¬Å"a viable, profitable, and socially responsible industry of clean technology and renewable energy sources. Quam is a very passionate person, and truly believes in the vision of Tysvar. Discussion question and answers: 1. How does Lois Quam use emotions and moods in her speeches to convey her viewpoint? Cite examples to support your statements. In order to look at how Quam uses emotions and moods, we must first look at what emotions and moods are. Emotions are strong positive or negative feelings directed towards someone or something. Moods are generalized positive and negative feelings or states of mind. In reading the examples from Quamââ¬â¢s speeches, it is clear that she is a positive individual who shows both positive moods and emotions. ââ¬Å"I am an optimist,â⬠she states. This is a clear example of Quam coming out, and letting you know her mood. Her positive mood reflects the type of work she does. She is attempting to grow the New Green Economy, and in order to do something of this nature, one must have a positive mood and state of mind. The text lists the following as the six types of emotions: anger, fear, joy, love, sadness, and surprise. In reading the case study, it is clear that in her speeches, Quam exhibits both joy and love. ââ¬Å"I enjoy sharingâ⬠¦ how we can all use these key capabilities as a platform for doing something you love. Imagine: helping to build the NG with a purposeful passion. It doesnââ¬â¢t get much better than that!â⬠This is a clear example of the joy and love she has for the work she is doing, and a great way for her to convey her passion to the audience. As the text states, ââ¬Å"harsh is out, caring is in.â⬠Quam clearly is a caring person, and shows her emotion and passion for the work she does. It is this that has made her one of Americaââ¬â¢s ââ¬Å"50 Most Powerful Womenâ⬠. 2. Based on what you have learned about Lois Quam, create hypotheses about the attitudes of her colleagues at Tysvar while using the three basic components of attitudes in your theories. I would postulate that Quamââ¬â¢s colleagues at Tysvar have a very similar attitude to their work as Quam. They are likely very commitment to their beliefs and have a great sense of internal volition to do good work since they truly believe in their cause. Cognitively, I am sure they feel strongly about their cause and are diligent in their study of laws and topics surrounding the initiatives they work to promote (ecology and healthcare), much as Quam is herself. From an affective perspective, Tysvar employees undoubtedly have a high level of job satisfaction and experience the successes and failures of their company very personally; with such a socially-responsible company mission, the employees certainly feel compelled to do their best and invariably take joy in their work. Behaviorally, due to the strong emotional ties the worker have to their cause, they are most likely predisposed to act responsible and put forth a concerted effort to succeed and follow through to the end. Ov erall, Quamââ¬â¢s organization and the employees within it are likely as committed as her to the future of society and making it a better place. 3. Research Question: Search news reports, Web sites, ad blogs to find out more information on Lois Quam and Tysvar. How is the company faring in its quest to make the world cleaner and safer for future generations? What implications might that have on Tysvarââ¬â¢s employees, their attitudes, ad job satisfaction? An update on Lois Quam ââ¬â She launched the new company Tysvar in the spring of 2009. In November of 2009 the company landed their first set of clients including a leading manufacturer of industrial heat pumps. Shortly after Quam announced she would be hiring a new CEO early the next year (The target was February 2010 and the hiring of Terje Mikalsen was announced June 4th 2010). She remained with the firm as a non-executive Chair of the Board taking an annual salary of $1 and relinquished her equity stake in the company. Her reasoning for leaving was due to her Husband, Matt Entenza, running for Governor of Minnesota. He was seeking DFL nomination; he did not get it and eventually pulled out of the race. Quam wanted to devote more time to the race and eliminate any potential conflicts of interest. Tysvar continued on without Quam as CEO. The company has gone on to work with health care practices and technology practices. However, I do think Quamââ¬â¢s departure could have had significant implications on the Tysvar employees and Tysvar itself. I imagine the employees that came to work for Tysvar did so largely because of their passion for the company mission. They bought into the message Quam delivered and felt they could contribute to her ideas. Watching Quam walk away from her company and ultimately her goal to help make the world safer and cleaner could have caused negative attitudes in the company, lowering job satisfaction and job performance. Quam did not even last a year before announcing her pending departure. That means all of the employees were new to the company, and potentially just left another company. They may have felt abandoned, like they were lied to, and even like they were taken advantage of. These emotional feelings can cause very poor results within the company. Key Problem/Issue: The problem Tysvar has, if any, is that they are trying to apply empathy and emotional responsibility toward the environment and healthcare to a very unsympathetic society and government. Trying to get big business and government organization to ââ¬Å"go greenâ⬠just because it is the ââ¬Å"rightâ⬠or ââ¬Å"niceâ⬠thing to do is very difficult. Also, regarding the work environment at Tysvar; not everyone is passionate about green technologies and the climate changes. This can lead to lower job satisfaction and worse job performance if they are not excited about the mission statement of the company. There are many issues at play here. Quam is walking a thin line between emotions and business in a very volatile industry. Solution: The first thing Quam and Tysvar must do is hire the right people. Tysvar needs to concentrate on hiring employees that have a passion, like Quam, for the mission of the organization. You can argue that this would limit your pool of candidates and that the company can land a more talented employee without focusing only on those that share the passion. The response to that argument would be the additional job satisfaction the employee would have over someone that does not share the passion would lead to a better performance even if they are not as talented. It would also help reduce turnover within the company. Also, as far as using emotions and empathy in business; Quam needs to use self-management to hold back when she realizes that not everyone cares as much about the environment and universal healthcare as she does. She needs to put it in dollars and cents. How can ââ¬Å"going greenâ⬠benefit a business, not just the environment? Even green businesses have a bottom line and i nvestors that they need to satisfy. Use relationship management to see things from the opposing perspective. And utilize relationship management to promote your initiatives.
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