Health system policy #2 Essay Example | Topics and Well Written Essays - 3000 words

Health system policy #2 - Essay Example The theoretical foundation and historical background of the DNR concept will be taken up and an attempt will be made to tell what influences can impact the achievement of policy goals, as well as the changes that will be needed to engage stakeholders to improve effectiveness of the policy. Finally, the implication of this generic policy to the Saudi Arabian environment will be explored Euthanasia ("good death") is an intentional termination of life of a person by another at the explicit person who wishes to die. It is a "mercy killing" of an incurably ill person out of compassion. Active euthanasia is considered murder or manslaughter in most jurisdictions, while passive euthanasia, of which a DNR process is one, is accepted by professional medical societies and is legal under certain circumstances. A DNR order is a notation placed on a patient’s chart which states that if the patient should undergo respiratory or heart failure, no efforts should be made to resuscitate that individual. In passive euthanasia a persons death is hastened by altering some form of support and letting nature take its course without medical intervention such as turning off respirators, stopping medications, or discontinuing feeding of food and water. It can also include giving the patient massive doses of morphine in order to relieve pain while hastening death, a practice that als o considered ethical by medical societies (Euthanasia). It must be emphasized that a DNR order is generally considered a form of passive euthanasia. This is distinguished from active euthanasia - whereby a health care provider takes a deliberate action that will induce death, such as administering morphine, insulin or barbiturates, followed by an injection of curare (DNR reports) The DNR (Do-Not-Resuscitate) or DNAR (Do-No Attempt-Resuscitation) policy is

Definition of Cloning Essay Example for Free

Definition of Cloning Essay Cloning is the process of creating an identical copy of an original. It is a single cell or multi-cellular organism that is genetically identical to another living organism. Cloning can also occur when two genetically identical individuals are produced by accident like identical twins, but in common scientific language the clone is an identical copy by some conscious design. Cloning an organism is to create a new organism with the same genetic information as an existing one. This can involve the transfer of a cell nuclear in which the nucleus is removed from an egg cell and replaced with a nucleus extracted from a cell of the organism to be cloned. AS the nucleus contains all of the genetic information of life, the receiving egg cell will develop into an organism genetically identical to the original nucleus. Brief history II Cloning started with frogs and toads back into the 1970s. Experiments have been long performed with plants and animal embryos. The Dolly is the first fully grown mammal to be cloned in 1996. The dolly was developing by using the process call somatic cell nuclear transfer which consists of DNA coming from a single cell taken from her mother egg, which is fused with the mammary cell. The fused cell then develops into an embryo, which is implanted in a surrogate sheep. The embryo grows into a lamb, which is genetically identical to the donor sheep (Dr.Lee Silver, Human Cloning, 1998).After the dolly, cows was being clone in 1998, pigs in 2000. The first cat was cloned in2001and in2004 a bull was cloned. With this successful process of the dolly scientists believe that human cloning may be possible. The first human cloned embryos were not until 2001. Currently there are a lot of problems of getting Human clones. It is still not proven that scientists could successfully clone a human; still it will take a lot of trial to even be successful in the case of animal cloning 277 sheep died before the dolly was born. There so many questions about human fertility, scientists could not be sure that an identical human clone will ever be possible.

Tom Sawyer :: English Literature Essays

Tom Sawyer Growing up in a small community can be hard, I won’t be the only on to tell you that, but living in one in the 1800’s was tougher. This is especially true when there’s a murdering robber who wants revenge lurking about. But it’s got its good qualities too, I mean, there’s the picnics and the adventures and everybody knows everybody so no ones threatening anybody with their strange presence. This is why The Adventures of Tom Sawyer by Mark Twain display such a realistic life; it portrays both the Good and Evil in a little society. There’s Evil in a small town? Isn’t that impossible? Amazingly enough, no, it’s not. A prime example of it comes straight from the book in the character Injun Joe. When we first meet Injun Joe, he’s taking part in the despicable crime of grave robbing. That’s bad enough, but he adds on to his sins with a more heinous act; murder. If you still don’t believe that’s Evil, then maybe his last two extensions are. He starts with a bout of robbery and tallies it all up with a threat to an old woman named Widow Douglas. So you see there is such a thing as iniquity in a place like Tom’s home town. But like I said, you also have some good no matter where you go, and this is especially true in the book, too. If you still want to find me at fault, just ask Huck Finn, he’d back me up anytime. See, poor Huck, though unwanted by the city adults, was worshipped by all the local boys and cherished by a few elders here and there. But there was no elder more loving towards him than Widow Douglas, especially after he saved her from Injun Joe’s wrath. She bestowed upon him the kindest, most generous gift she could think of, and that was the right to call her Mother. You can’t disagree with me now, if a drunkard’s son can become the child of a respected family, then there’s got to be some humanity in the town, too. That’s all just a story though, right? Nothing like that happens in real life, does it? I beg to differ, and after I support my claim, you probably will, too? It’s right here in the town I grew up in, all of it. Our community’s Evil struck when I was little, a mad drunk stormed through a bar and shot and killed three people.

Why Csr Is a Key Concern in Managing the Operations?

Explain why CSR is a key concern in managing the operations of a large business? Cadbury Corporate social responsibility is an important concern in managing the operation of a large business, as it integrates financial, social and environmental goals. Cadbury, an internationally well-known chocolate company, is now Fairtrade Certified, becoming easy for the consumers to recognise their products. And with this label, the company is now helping the Third World Producers by guaranteeing a better deal. These include the improvement in their financial, social and environmental performance.Being a Fairtrade Certified Company, Cadbury helps make a difference and provide better financial deals for the developing country farmers, producers and their community through the provision of a fair price. And this helps them protect themselves from damaging fluctuations in world market prices. Fairtrade is also the only system that provides farmers and the producers with an additional lump sum of mon ey for investment in social, economic and environmental development. These include, growing their business, investing in their communities by building schools, roads, hospitals etc.So when consumers buy Cadbury dairy milk chocolate, they are not only treating themselves, but at the same time helping improve the lives of Fairtrade farmers and their families in developing countries. This step is very valuable for their business to become known, encouraging customer awareness. It is Cadbury Schweppes's aim to help all the Cocoa farmers improve their social standard of living by helping them develop sustainable crops of quality beans. In Ghana, for example, where most of the cocoa is bought, the company supports farming communities through programs on tree crop management and building wells for drinking water.But it is not it, the Fairtrade also provides security to the farmers, provide good working conditions and support in gaining knowledge and skills to operate successfully in the gl obal economy. This assures their safety and a good social standard life. Cadbury also contributes to a better quality of life for the society by pursuing environmental awareness. Businesses nowadays are increasingly aware of the impact their decisions may have on the society and the environment. And therefore are aware of making decisions that are socially responsible.Some of the environmental responsibilities include; treating waste water prior to disposal, looking to improve energy efficiency, controlling the release of gases into the atmosphere and using environmentally sustainable farming methods. This not only helps the environmental aspect, but creates a good public image and encourages long-term profitability. Therefore CSR is a key concern is managing the operations of a large business, as it determines how consumers looks at the business, and whether the financial, social and environmental goals create a good impact for the business to work efficiently, grow and make a prof it out of it.

Kenworth Motors Case Study Essays and Term Papers

Read â€Å"Kenworth Motors† beginning on p. 212 of Cummings & Worley (2009) and answer the four questions at the end of the case.1. How well the OD consultant did prepares for the meeting with Denton? I do not believe that the OS consultant was quite prepared for the meeting. He stated that he was about to talk to a man and go to a firm that he knew nothing much about. He did have a little bit of facts about his title and his job tenure. But one thing is that he knew that it was Kenworth Motors’ Seattle truck manufacturing operations.He did not have agenda of what the business was all about and he was not focused about the agenda. Would you have done anything differently? Yes I would. If I knew that I was going on an appointment and I did not know anything about the firm or the person that I was going to see. I would have prepared myself a little better than that. I would have tried to find out more information about Mr. Denton, and I would have done a research about Ke nworth Motors’ Seattle truck manufacturing operations.2. In the discussion between the OD consultant and Denton, what was effective and ineffective about the consultant’s behavior? One thing about the OD consultant is that when he had the interview with Mr. Denton he had a change to ask Mr. Denton question first about the plant and products. Denton was able to talk about 10 or 12 minutes on different topic—daily production rate of 23 trucks, the cost of the truck, the sales order backlog, some equipment updating just finished, his coming to this job from a plant in the Midwest, his spending a lot of time lately with the next year’s budget.This was effective because OD consultant was able to learn some things about Mr. Denton and the firm that he did not knew. They were able to communicate effectively with one another. Bob and the OD consultant both had a positive attitude. The ineffective about the consultant’s behavior is that he was trying to fin d out everything about Mr. Denton and the firm as much as he can. The OD consultant caught himself going on with more question. He was looking for Mr. Denton to tell him something were wrong about the company, but he really did not have much to say what was wrong.3. How effective was the contracting process described in the last part of the case? The contracting was very effective; Bob seemed to be very open with the OD consultant. Bob was able to agree with the OD consultant about staying on a retreat for the weekend, once a month. This would give the department managers a change to get acquainted with each other. Also, the OD consultant stated that going on this retreat would not cause them to lose time off from work and it would not cost a lot of money.They still will be working all day on Saturday with appropriate breaks, and conclude by noon on Sunday. What is the scope and clarity of the agreement? The scope and clarity of the agreement is that the OD consultant must make sure that he agreed to have a retreat weekend a month-and-a-half. Also they agreed to use the phrase â€Å"a communications workshop† when he informed the participants.4. How would you design the upcoming retreat? I would continue to have a weekend and-a-half day retreat. I would recommend that we developed some kind of strategies to help manager to become more effective.On my agenda, I would include communicating, problem solving, time management, stress management and decision making. I would like to make it a fun retreat even though it is work related. I would not want to work at all of the retreat; I would like to go to a hotel where they served breakfast, lunch and dinner. Also at the end of the retreat, I would like to have someone teach us the importance of getting proper rest and exercise prior to going to work and after that have an exercise workout. This can help relieved some work related stress.

Looks Might Be Deceiving

Looks Might Be Deceiving Free Online Research Papers In our daily life, we face many life-changing events, some of which might be meeting new people we never knew before, going through a certain experience, or even simply discovering things that have always been there around you but you never learned about earlier. Let’s start off by people. Millions of people live around us daily, but who do we get to know? Only the ones that we work with or in my case, the people who study at my school. Why is that? We are afraid that if we got to know new people, they might disappoint us, or even break our hearts in certain cases. Every one of us has his own â€Å"bad† characteristics, but in some people these might show more than others. For example, you might be at the grocery store one day and as you reach your queue at the cashier, you realize you forgot your wallet at home. To your surprise the guy behind you in-line unhesitatingly offers to pay for your goods. You eventually get to know the guy and then one day you mistakenly find out that by day he’s your average every-day accountant, but by night he is a highly wanted car thief. This might be really disappointing for you, as it will also leave a bad impression on you that will make you think in certain way such as: ‘Why sh ould I meet new people? Maybe they turned out to be murderers, alcoholics, drug addicts, thieves etc’ On the other hand, life isn’t just people, who we know and who we don’t. It’s also our surrounding environment that could contain physically deceiving material. One model that might be focuses upon is the ocean. The ocean, according to scientists, makes up about 70% of the earth’s surface. Looking at the ocean we would be stunned by the amazing reefs, different sizes and colors of fish, sea plants. But if we took a closer, deeper look, we would be surprised to find out that those gentle and harmless waves on the top were deceiving us and hiding from us what lies beneath. Fish eating each other, sharks attacking harmless small sea creatures, octopi squirting there dark blue ink around, or even rich divers diving around in search for trophies to take back home and boast in front of other friends. â€Å"Where Dreams Come True†, â€Å"Where Friendship is the Largest Jackpot!†, â€Å"Where players win†, â€Å"Your road to Riches!†. Weren’t those attractive? Well I wouldn’t like to disappoint you but those were famous casino slogans. As my concluding point I would like to mention casinos as you can see. Casinos, also known as places where you would most probably destroy your life or if you were surprisingly lucky, be able to score the jackpot and win loads of money. But what are the odds of that happening? Nobody actually knows. People go there with one aim, mainly to have fun and gain some extra cash, while they actually return home disappointed to the fact that they almost got broke. As a conclusion I’d like to state a well known saying, â€Å"NEVER judge a book by its cover†. No matter how attractive the physical appearance is, you can never know what actually lies beneath unless you experience it, which can sometimes have harsh consequences. Research Papers on Looks Might Be DeceivingThe Hockey GameThe Masque of the Red Death Room meaningsGenetic EngineeringThe Spring and AutumnStandardized TestingThe Effects of Illegal ImmigrationHip-Hop is ArtHarry Potter and the Deathly Hallows EssayPersonal Experience with Teen Pregnancy19 Century Society: A Deeply Divided Era

Joseph Stalin & Mao Tse-Tung essays

Joseph Stalin & Mao Tse-Tung essays Josef Stalin is perhaps the most praised, reviled and recognised dictator in the modern world. His influence as such has reached across the globe, affecting leaders and citizens alike. Many of his techniques have been adopted by prominent leaders, today and in the past. One such example is fellow socialist Mao Tse-tung. Mao can fairly be regarded as the principal architect of the new China. His Marxist philosophies and strong leadership formed one of the strongest nations in the world. However, the similarities between Stalin and Tse-tung reach further than these surface facts. With the death of Vladimir Lenin, the struggle for authority within the USSR narrowed to a contest between Trotsky, the brilliant leader of the Red Armies during the Civil War, and Stalin, general secretary of the Communist Party. Stalin eventually emerged as virtual dictator of Russia. In order to consolidate his position, he gradually built up a cult of personality around himself, one which would eventually (and literally) let him get away with murder. According to composer Dimitri Shostakovich, Stalin was an ordinary, shabby little man: short, fat, with reddish hair. His face was covered with pock marks and his right hand was noticeably thinner than his left. He kept hiding his right hand. He didnt look anything like his numerous portraits. This raises a question easily answered. Why, then, do the portraits represent him as something he is not, as something greater and more radiant than he could ever be? It was his own insecurity at first - new to command, he needed the people to look up to him as something strong, solid and dependable, something greater than the run-of-the-mill politicians. As things progressed, however, Stalin managed to achieve the status of a demi-god. While at first it was he that craved security, now the public looked up to him as their protector. The public figure was at once stern and frien...

How to Write Stellar Stanford Essays 3 Expert Tips

How to Write Stellar Stanford Essays 3 Expert Tips SAT / ACT Prep Online Guides and Tips Are you hoping to be one of the 5% of students admitted to Stanford this year? If so, you’ll need to write some amazing essays as part of your application. In this article, we’ll outline the different types of essays you need to write for your Stanford University application and teach you how to write an essay that will help you stand out from the thousands of other applicants. What Are the Stanford Essays? Stanford requires that you complete a total of four essays as a part of your application for admission. You’ll need to answer a prompt provided by the Common Application or Coalition Application, depending on which one you use to submit your Stanford application through. If you're looking for more information about either of these prompts, we cover them in depth on our blog. You’ll also need to respond to three Stanford-specific short essay questions. The Stanford essay prompts offer you plenty of opportunities to show off your qualifications as an applicant and wow the admissions committee. Want to get into Stanford or your personal top choice college? We can help. PrepScholar Admissions is the world's best admissions consulting service. We combine world-class admissions counselors with our data-driven, proprietary admissions strategies. We've overseen thousands of students get into their top choice schools, from state colleges to the Ivy League. Learn more about PrepScholar Admissions to maximize your chance of getting in. 2018-19 Stanford Essay Prompts You’ll also need to respond to three Stanford Questions for your Stanford supplement essays. You’ll submit the Stanford supplement essays online with your Coalition or Common app. You need to respond to all three of the Stanford essay prompts for your application. Each one of the Stanford essays has a 100-word minimum and a 250-word maximum. Here are the 2018-19 Stanford essay prompts: The Stanford community is deeply curious and driven to learn in and out of the classroom. Reflect on an idea or experience that makes you genuinely excited about learning. Virtually all of Stanford's undergraduates live on campus. Write a note to your future roommate that reveals something about you or that will help your roommate- and us- know you better. Tell us about something that is meaningful to you, and why? Stanford Essays Analyzed In this section, we’ll be looking at each of the three Stanford supplement essays in depth. Remember, every applicant must answer every one of the Stanford essay prompts, so you don’t get to choose which essay you would like to write. You have to answer all three of the Stanford essay prompts well in order for your application to stand out. Let’s take a look at each of the three Stanford short essay questions and see how to write something meaningful for each. Stanford Essay Prompt #1 The Stanford community is deeply curious and driven to learn in and out of the classroom. Reflect on an idea or experience that makes you genuinely excited about learning. This Stanford essay prompt is very broad. The structure of the prompts indicates that the committee is interested in learning about your curiosity inside and outside of the classroom, so don’t feel like you have to limit the lessons you talk about to ones that occur at school. The most important thing to remember here is to be specific. The committee doesn’t want you to wax poetic about the virtues of remaining eternally curious; they want to see how a real-life example has affected you. For instance, instead of talking about how a trip to a foreign country opened your eyes to different cultures, pick a specific moment from your visit that really hammered home the importance of curiosity. Go into detail about how that one experience affected you. Being specific is more powerful than speaking in generalized platitudes. Similarly, you want to write about something that you're genuinely passionate and excited about. After all, it says so right in the prompt! Pick a topic that you truly love, such as a historical fiction book that you read that inspired you to learn about a new era in history or the science fiction movie that sparked curiosity about how time works in space. Don’t feel limited to your potential major. Stanford doesn’t require that you pick and stick with a specific major for your application, so you don’t have to write about a moment here that relates to your predicted course of study. In fact, picking a learning experience in a different field will better show that you’re curious and open to new ideas. Stanford Essay Prompt #2 Virtually all of Stanford's undergraduates live on campus. Write a note to your future roommate that reveals something about you or that will help your roommate- and us- know you better. Stanford’s roommate essay question is notorious. While the other two of the three Stanford essays may change from year-to-year, the Stanford roommate essay is always on the application. First, remember that this essay is written to your future roommate, who will be one of your peers. You can adopt a more informal, fun tone with this essay, because the prompt indicates that it’s going to someone who is your age. The Stanford roommate essay is your opportunity to show a different side of your personality than the admissions committee will see on the rest of your application. This essay is your chance to show yourself as a well-rounded person who has a variety of different interests and talents. Don’t repeat information that the committee can find elsewhere on your application. Take the time to share fun, personal details about yourself. For instance, do you make awesome, screen-accurate cosplays or have a collection of rock crystals from caving expeditions? Think about what you love to do in your spare time. Be specific - the committee wants to get a real picture of you as a person. Don’t just say that you love to play video games, say exactly which video games you love and why. The roommate essay is also a great time to show off your community - the friends, family, teammates, etc. who make up your current life. You can talk about the deep bonds you have and how they have affected you. Showing your relationships to others gives the committee a better idea of how you will fit in on Stanford’s campus. All in all, the Stanford roommate essay is a great opportunity to have some fun and show off some different aspects of your personality. Let yourself shine! Stanford Essay Prompt #3 Tell us about something that is meaningful to you, and why? While all three of the Stanford essay prompts are fairly broad, the third Stanford essay prompt is by far the broadest. You can write about anything that’s meaningful to you here - the prompt doesn’t specify that you have to talk about something academic or personal. Sometimes, broad prompts can be more intimidating than prompts that have a very narrow focus. The trick here is to (again) pick something specific and stick to it. Don’t, for instance, say that world peace is meaningful to you because it won’t sound sincere. You should talk about something that is uniquely important to you, not the other thousands of students that are applying to Stanford. Pick something that is really meaningful to you. You could talk about your relationship with your grandmother and how she taught you how to cook or a specific musical album that reminds you of an important experience in your life. You might talk about a club or after-school activity that has broadened your horizons or an academic award you won after an extreme challenge. Whatever topic you choose, your essay should feel sincere. Don’t write what you think the committee wants to hear. They’ll be more impressed by a meaningful experience that rings true than one that seems artificial or implausible. How to Write a Great Stanford Essay Regardless of which Stanford essay prompt you’re responding to, you should keep in mind the following tips for how to write a great Stanford essay. #1: Use Your Own Voice The point of a college essay is for the admissions committee to have the chance to get to know you beyond your test scores, grades, and honors. Your admissions essays are your opportunity to make yourself come alive for the essay readers and to present yourself as a fully fleshed out person. You should, then, make sure that the person you’re presenting in your college essays is yourself. Don’t try to emulate what you think the committee wants to hear or try to act like someone you’re not. If you lie or exaggerate, your essay will come across as insincere, which will diminish its effectiveness. Stick to telling real stories about the person you really are, not who you think Stanford wants you to be. #2: Avoid Cliches and Overused Phrases When writing your Stanford essays, try to avoid using cliches or overused quotes or phrases. These include quotations that have been quoted to death and phrases or idioms that are overused in daily life. The college admissions committee has probably seen numerous essays that state, â€Å"Be the change you want to see in the world.† Strive for originality. Similarly, avoid using cliches, which take away from the strength and sincerity of your work. #3: Check Your Work It should almost go without saying, but you want to make sure your Stanford essays are the strongest example of your work possible. Before you turn in your Stanford application, make sure to edit and proofread your essays. Your work should be free of spelling and grammar errors. Make sure to run your essays through a spelling and grammar check before you submit. It’s a good idea to have someone else read your Stanford essays, too. You can seek a second opinion on your work from a parent, teacher, or friend. Ask them whether your work represents you as a student and person. Have them check and make sure you haven’t missed any small writing errors. Having a second opinion will help your work be the best it possibly can be. What’s Next? If you want to be one of the 6% of students accepted to Stanford, you'll have to have a great GPA. Check out our guide on how to get good grades in high school for some tips and strategies! Confused or intimidated about the college admissions process? Check out our complete guide on how to apply to college. If you want to stand out from the crowd as an applicant, you'll need a solid resume of extracurricular activities. Learn more about your extracurricular options and why they matter. Want to write the perfect college application essay? Get professional help from PrepScholar. Your dedicated PrepScholar Admissions counselor will craft your perfect college essay, from the ground up. We'll learn your background and interests, brainstorm essay topics, and walk you through the essay drafting process, step-by-step. At the end, you'll have a unique essay that you'll proudly submit to your top choice colleges. Don't leave your college application to chance. Find out more about PrepScholar Admissions now:

Orgnizational behiviour and Human Resources Dissertation

Orgnizational behiviour and Human Resources - Dissertation Example This area is of particular interest to me, as the traditional theory of viewing firms as mere machines and employees as part of the machinery, does not hold water anymore. Instead, the new theories now place more stress on the underlying interrelationships between employees, and between the employer and employees, in order to achieve greater market success. These new theories bring in the sociological perspective that adds another interesting dimension to the concept of work and organisational behaviour and human resources. Study of human nature, character, behavioural attitudes, within the realms of the workplace, form an interesting study, where one gets to examine the various facets and complexities of the human mind and thought, and the social influences on the human mind, while finally connecting these aspects to the market achievement of a business firm. Contents Abstract 6 1 Introduction 7 1.1 Problem statement 9 1.2 Aims and objectives 10 1.3 Significance of the study 10 Bibl iography 11 Abstract A majority of the workplaces reflect certain major characteristics that as sum total, tend to constitute incompatible or inconsistent organizational behaviour, which is evident when observed through an aggressive and realistic theory of market ef?ciency as seen in the various theories of economics. Many US and UK workplaces (and elsewhere in the world) reflect, a largely prevalent, work related dissatisfaction, a sense of scepticism, and detachment. Many researches into this line give evidences that suggest that these problems are increasing with negative implications for the organisation as a whole, which includes both employers and employees. These researches also show that the manners in which the organisation manages its people and the latters’ level of job satisfaction and attitude towards work can signi?cantly foresee various aspects pertaining to organizational achievement, thus clearly establishing a link between a firm’s human resources an d its overall effectiveness in the competitive market. My research paper proposes to closely examine the factor of organisational behaviour and its association with managements of human resources, while studying the close relationship between the two factors

Finance Effects Economy Essay Example | Topics and Well Written Essays - 1000 words

Finance Effects Economy - Essay Example A finance student studies a bachelor degree in business administration with a major in finance. The purpose of this paper is to discuss and describe the history of finance, how it affects the economy, and areas of specialization in finance. The field of finance as we know it today began in the 1950’s. When finance education started it was often part of the curriculum of economics or a part of business administration. Today the focus of the finance major is integrated as part of a business administration education. The majority of undergraduate finance degrees in the U.S. are part of a business curriculum, but at the graduate level finance is often taught based on the economic approach (Miller). One of the primary focuses of a finance education is to teach students how to make better decisions. Finance professionals are supposed to be able to maximize shareholders wealth (Besley & Brigham). The finance field is often referred to as the cousin of accounting due to the fact that a lot of the concepts and data used in finance come from accounting information. Many small companies integrate the accounting and finance departments. Two extremely important financial concepts in finance, risk and return, were first introduced to the general public by Harry Markowitz in 1952 in his publication Portfolio Selection published in the Journal of Finance. The work finance people perform in an organization is very important. For instance once the accountant completes the accounting cycle and prepares the financial statements the finance people can analyze the information to determine the financial performance of the company. The four major financial statements are the income statement, balance sheet, statement of retained earnings, and statement of cash flow. The income statement measures the profitability of a company, while the balance sheet illustrates the financial condition of a company at a specific point in time. The statement of cash flow is composed of three sec tions: operating, financing, and investments. The financial statements for the entire fiscal year are included within the contents of the annual report. Public companies also release quarterly financial statements to comply with the regulations of the Security and Exchange Commission (SEC). Three financial analysis the can be used to analyze the financial statements are ratio analysis, vertical analysis, and horizontal analysis. Ratio analysis is a tool that is often used by finance professionals. The five categories of ratio analysis are liquidity, solvency, profitability, activity, and coverage ratios (AccountingExplained). Horizontal analysis can be used to compare the different items or elements of the financial statements against the performance of the previous accounting period. The objective of vertical analysis is to report each amount or item in the financial statement as a percentage of another item. When performing vertical analysis on an income statement all the items of the statement are typically compared against the sales total of the company. The discipline of finance can also be used for other analytical purposes. Financial managers often have to evaluate the firm’s valuation and the valuation of other companies that the firm might invest in. A financial model to evaluate the risk of a

Special Interests Essay Example | Topics and Well Written Essays - 1750 words - 6

Special Interests - Essay Example Despite the fact that interest groups and political parties are separate institutions in terms of the functions they perform, today they have formed joint associations. Interest groups therefore have a joint association with political parties and also try to influence the president and Congress as these two branches work together to make policy. This paper defines an interest group and gives examples, discusses the relationship between interest groups and political parties, and explains how interest groups try to influence the president and Congress as the two branches work together to make policy. Keywords: Interest Group, Political Party, Policy, Interests, Lobbyists, Lobbying, President, Congress, Associations, Relationship, Campaign Finance, Grassroots Activities 1. Define an interest group, with examples People have different pursuits that they attach value to and defend. Such pursuits despite being focused towards different goals are all known as interests. Interests can theref ore be ethnic, religious, economic, or based on a range of other issues. ... 9). Interest groups have different structures and sizes, with some having many members, while others have no members at all. In the same way, some are organized in formal ways with bylaws, leaders, members, and holding of meetings regularly, while others are not organized in a formal way, hence loosely knit and have a few rules, with no leaders. Interest groups are therefore of different types, with the major types representing the areas of the economy. These include economic interest groups, environmental groups, public interest groups, and other interest groups. Economic interest groups. They form the largest category of interest groups. Bardes, Shelley, and Schmidt (2008) point out that â€Å"the major sectors that seek influence in Washington, D.C., include business, agriculture, labor unions and their members, government workers, and professionals† (p. 225). Trade associations and business interest groups are formed by those in business, and their main role is to influenc e the policies made by the government that have an impact on their businesses. Examples of business interest groups in the United States include the National Association of manufacturers and the U.S. Chamber of commerce that represent businesses and manufacturing matters respectively. Agricultural interest groups are formed by agricultural farmers and their employees. Despite the fact that they represent a very small number of the US population, farmers and their employees in the United States have been able to influence legislations touching on their interests. Examples include the American Farm Bureau Federation, the National Farmers Union, The peanut Growers Group, The American Dairy Association, and the National Soybean Association (Bardes, Shelley, &

Historical and Philosophical Lab Report Example | Topics and Well Written Essays - 250 words

Historical and Philosophical - Lab Report Example Other religious groups are sponsoring the schools. In this case, the Christian communities act as mentors to the young children as well as a watch dog to ensure that children’s rights prevail. We have also been witnessing communities participating in schools development; this is through fund raising, advice and other schools activities. The community has also been offering resources to the educational sector at a favorable term because educational institutions are part of the community. Other impacts from the community in which we have been witnessing between the community and the educational sector are by availing a conducive environment for effective education (Chandler, and Nita 26). The community is also working hand in hand with the educational sector by suppressing conflicts of interest. In this case, the community works as the watch dog by ensuring that awarding is by merit. It also ensures rights and concerns of children are respected by all stakeholders, and the overall activities are running in line with the provisions in the educational acts (Chandler, and Nita 33). From this article, we can openly identify different duties played by the community in relation with the educational sector. We can also analyze impacts of the community to the educational sector. We learn that the community is a significant figure in reference to children’s

Fords Western and Leones Western Movie Review Example | Topics and Well Written Essays - 2500 words

Fords Western and Leones Western - Movie Review Example This paper looks into two films individually: The Searcher, directed by John Ford (1956), and Once upon a time in the west, directed by Sergio Leone (1968). It describes their mise-en scene and beyond, introduced first by their corresponding synopsis. A comparison is made at the end. Synopsis. Although filmed on Navajo land in northern Arizona, The Searchers, begins in 1868 Texas. Ethan Edwards (played by John Wayne), a soldier, returns to his brother's farm after the end of the Civil War where he fought for the Confederacy. It has taken Ethan three years to come home, after fighting on the losing side of the Civil War. Ethan is in love with his brother's wife, Martha, but unlike his brother, he is not the man to settle down and raise a family. In this film, Ethan Edwards is seeking the two nieces who were abducted during a Comanche raid, in which his brother's family is murdered. Finding the mutilated bodies of his family, Ethan is guilt-ridden, feeling he was not there when he was needed. He thus becomes obsessed with recovering his two nieces and seeking revenge on the Comanche. This fanatic search provides the only rationale for Ethan's life, and he is determined to succeed. "We'll fin'em just as sure as the turning of the earth," he says. Ethan is a bitter and lo... Ethan becomes more concerned with executing vengeance than with finding her. During the search, when Ethan is asked, "You wanna quit" he angrily replies, "That'll be the day!" and he repeats this phrase many times in the course of the film. Theme. Based on a screenplay by Frank S. Nugent from the novel by Alan Le May, "The Searchers" deals with the winning of the West, the struggles between the invading White Man and the Native Americans, the Western Code of Honor, and old-fashioned determination vs. selfish, vengeful spite (Puccio, 2006). Ethan embodies the most important attributes of the Westerner: individualism, self-sufficiency, strength, non-conformity, and loneliness. In this movie, Ethan's solitariness is stressed visually. The film opens with a magnificent inside framing shot of a cabin door, opening up to high desert red sandstone formations and turquoise sky. Ethan appears out of nowhere, from the desert, and, at the end, after his mission is accomplished, Ethan returns to the desert. In the film's last shot, Wayne stands alone, silhouetted in the door's frame, while other people pass around, ignoring his presence. A shot similar at the beginning bookends the film. In this film, Ford illustrates the outcomes of racism and Indian hating, a seeming eloquent statement in support of the Civil Rights movement (Puccio, 2006). Consider the following conversation - Brad (to Ethan, as they follow the Comanche): They gotta stop sometime; if they're human men at all, they've gotta stop. Ethan: A human rides a horse until it dies, and then goes on afoot. Comanch' comes along, gets that horse up, rides him twenty more miles ... then eats him. Techniques. In the story, drawn away

Historical and Philosophical Lab Report Example | Topics and Well Written Essays - 250 words

Historical and Philosophical - Lab Report Example Other religious groups are sponsoring the schools. In this case, the Christian communities act as mentors to the young children as well as a watch dog to ensure that children’s rights prevail. We have also been witnessing communities participating in schools development; this is through fund raising, advice and other schools activities. The community has also been offering resources to the educational sector at a favorable term because educational institutions are part of the community. Other impacts from the community in which we have been witnessing between the community and the educational sector are by availing a conducive environment for effective education (Chandler, and Nita 26). The community is also working hand in hand with the educational sector by suppressing conflicts of interest. In this case, the community works as the watch dog by ensuring that awarding is by merit. It also ensures rights and concerns of children are respected by all stakeholders, and the overall activities are running in line with the provisions in the educational acts (Chandler, and Nita 33). From this article, we can openly identify different duties played by the community in relation with the educational sector. We can also analyze impacts of the community to the educational sector. We learn that the community is a significant figure in reference to children’s

Internet is good for study Essay Example | Topics and Well Written Essays - 3000 words - 1

Internet is good for study - Essay Example Statistics has revealed that global use of the internet as of 2012 have profoundly increased and where China ranked as the number one country with the highest number of Internet users and followed by the United States (Top 20 Countries with the Highest Number of Internet Users). The popularity of the Internet could be attributed to different reasons, depending on the profile of the users. It has always been acknowledged that members of the current generation, especially adolescents and young adults use the Internet for diverse purposes other than fact finding or information gathering. The popularity of social networking sites has significantly increased Internet usage through sharing of experiences, photos, events, and recent updates on the lives of friends, relatives, and acquaintances. From the study conducted by the Lebo, the Internet was found to be used for the following general purposes: fact finding activities, visiting social networking sites, playing games, watching videos, paying bills, and even purchasing products online (Lebo). Fact finding activities could already be classified as a general category for studying. In this regard, the current discourse contends that the Internet is actually a good medium for enhancing academic performance or in studying for the reasons that information is easily accessible; more people from all walks of life have immediate access to this technological medium; and studying through the Internet could be undertaken across time and geographic locations. A discussion of the reasons why the Internet is deemed good for studying would initially be provided. To present a balanced discourse, the views of people who contend that the Internet actually poses threats to learning and academic development would also be expounded. Thus, the next section would present a discussion on why the Internet could be detrimental to academic endeavors. The final section would weigh the arguments asserting the

Health and social care Essay Example for Free

Health and social care Essay Explain how the plan meets the health and wellbeing needs of the individual In health and social care the wellbeing of the individual is essential for all round health and well-being. Using the case of Miss JB, this essay I will explain how my plan will meet the health and wellbeing needs of this individual. To assist this process an action plan have been drawn up to support the short term, mid-term and long term goals of the individual to enable Mr JB to achieve his health and wellbeing needs. NOW TALK ABOUT WHAT HEALTH AND WELL BEING IS A persons health and well-being is affected by a number of different factors. In general terms, health and well-being can be defined as†¦Ã¢â‚¬ ¦ having a balanced diet (e.g. improved immunity, feeling healthy controlling weight) adequate rest and sleep (e.g. improved concentration, refreshes body, restores energy) regular exercise (e.g. improved fitness, weight control, circulation, mobility) supportive relationships (e.g. friends, family, professionals, improved self-esteem, self-worth) adequate financial resources (e.g. social security benefits, free prescriptions, free dinners, pension, mobility allowance) stimulating work, education and leisure activity (e.g. improve mental ability, valued) According to Mr JB BMI he is considered to be overweight and he does not get much exercise or sleep. Mr JB also lives in a confined space, sharing 2 bedrooms flat with 7 people. He is takes paroxetine and mirtazapine for stress and depression and does not spend any time with his family. Mr JB is at high risk I have created a plan to help improve Mr JB health and well-being. I have suggested the Mr JB move out of his parent’s house and buy a house of his own on a long term goal. I have also suggested to him that he could rent as an alternative action. The benefit of Mr JB owning his own home is he will have his independence, having his own space for him and his family and feel less stress about living with his parents. Having regular exercise will help Mr JB to lose weight; I have suggested that he exercise three times a week on a mid-term goal. For an alternative action he needs to lose 3 st one in 3-6 months. He need to join a gym, drink  more water and eat healthy (five a day fruit and vegetable). The benefits he will get are self-confidence, energy which will help him to spend time with his family, relief of stress and reduce the risk of a heart attack. Regular physical activity can help you prevent or manage a wide range of health problems and concerns, including stroke, metabolic syndrome, type two diabetes, depression, and certain types of cancer, arthritis and falls. Mr JB will also need to take paroxetine gradually. Stop Paroxetine hydrochloride abruptly can cause withdrawal symptoms or cause your original condition to return. In these instances, reducing the dose of Paroxetine hydrochloride gradually over time may reduce the chances of having these problems. Spending quality time and creating happy memories with his family will help reduce stress and strengthen the bond between him and his family which will result in being more relax less stress and help him to stop depending on his medication. I have suggested that he stop smoking because the amount he smoke long term can cause lung cancer, high blood pressure, cardiovascular disease and chronic obstructive pulmonary disease (COPD). Alternatively he should reduce that amount he smoke daily from 10 cigarettes a day to 3 a day and also used Nicorette patches to help him to stop over a period of 6 months on a short term plan. If he decides to follow the plan to stop smoking the result can be rewarding; less stress, reduce headache, feeling less tired, your sense of taste and smell improve and your heart will be less strained and work more efficiently which reduce that chance of lungs cancer and heart diseases. The recommended amount of alcohol to drink for a man is 21 units a week. Mr JB drinks 28 units a week. Your liver processes alcohol. It can only cope with so much at a time. Drinking more alcohol than the liver can cope with can damage liver cells and produce toxic by-product chemicals. The more you drink, and especially above the recommended limits, the greater the risk of developing serious problems such as: liver disease (cirrhosis or hepatitis); cancer; gut and pancreas disorders; depression; anxiety; sexual difficulties; muscle and heart muscle disease; high blood pressure; damage to nervous tissue; serious accidents; obesity (alcohol is calorie-rich). Also can mental health problems, including depression, anxiety, and various other problems. I have suggested that Mr. JB reduce his alcohol intake by 19  units a week which is just under the recommended amount. The benefit of reducing his intake will reduce his chance of liver disease; You will immediately start having more money, reduce calories in take, Your liver will begin to rejuvenate All the little aches and pains throughout your body will slowly but surely go away, Your natural energy will slowly but surely return, You will find joy in all the little things of life, Your family will love the new you When I created this plan for Mr JB I thought about his preferences and circumstances I have chosen long term, mid-term and short term goal for him to achieve. I thought about what are his favourite five a day and encourage him to buy the and gradually introduce new ones if need. Mr JB like the idea of going to the gym so I suggested he join one, he work on shift base, so when he is on late shift I suggest that he take his younger child to school in the morning and pick them up when he is on early shift which will enable to spend more time with his children.

The Criticisms On Agency Theory And Its Application Finance Essay

The Criticisms On Agency Theory And Its Application Finance Essay Introduction Issues on corporate governance, business ethics, decision making and risk-taking are the normal issues being faced by all types of corporations, both old and new. One of the main assumptions why such issues are often encountered by majority of companies and institutions can be attributed to the conflict of interests and the misalignment of corporate goals among those in the managerial position and the common shareholders. According to Moldoveanu, M Martin, R. (2001), in many cases, the application of right managerial decisions, which are considered the lifeblood of any organization, are not being practiced and applied therefore causing inefficiencies on the part of the company and its people. There is always a separation in terms of control and ownership in all corporations. However, this separation is what almost always causes conflict and is most often the root cause of all other problems and issues in the organization. Ideally, the design or framework of a corporation is well-defined in a way that control and ownership of the companys assets are clearly identified and distinguished among the people within the organization. In a usual company setting, control over a corporations assets is delegated to the people assigned in the managerial posts while the ownership of company assets is being handed over to the companys shareholders. Therefore, both the managers and shareholders within the organization are responsible and accountable for each of their deliverables and assigned functions (Moldoveanu, M Martin, R., 2001). Given that both the shareholders and managers perform very specific and highly-critical functions in an organization, it is but natural for the two to develop a specific kind of relationship. The development of this kind of relationship is indeed critical for the success of the corporation. Nevertheless, out of this manager-shareholder relationship also stems the many issues and problems which often result or cause negative impact on the corporations assets. This special kind of relationship that exists between the shareholders and the managers is called an agency relationship. In a typical corporate set-up, managers are given the right to control and manage the assets of the company which are owned by the shareholders. The function of the managers is therefore highly significant as their decisions and moves may potentially cause a positive or a negative impact on the company and its total assets (Economy Professor, 2004). However, failures on the part of the managers are quite common given the structure and framework of most corporations which interfere with the proper decision making and task-delegations of most people on the managerial posts. According to Moldoveanu, M Martin, R. (2001), two of the most common failures of professional managers nowadays are a.) failures due to honest miscalculations and errors which are beyond the managers control and b.) failures related to a managers integrity and selfish motives. These kinds of managerial control failures are what cause extreme damage on the companys valuable assets. Hence, in order to safeguard the company from these potential threats and damages often caused by managerial failures, the shareholders find a less-riskier way of protecting company assets which are usually facilitated by a shareholder via a reward punishment method. The purpose of the rewards punishment method is to provide incentives for every properly executed managerial output. Other methods are also employed and utilized by the shareholders which are intended to protect the company assets such as the monitoring, assessing and checking on the decisions of the manager. Aside from incentives, sanctions are also given to the managers in order to align their interests and decisions based on that of the shareholders (Moldoveanu, M Martin, R., 2001). As in the case of any corporation, this manager-shareholder relationship exists and is most commonly referred to as the agency relationship. This paper on The Criticisms on Agency Theory and its Application on Corporate Governance is aimed at providing a detailed discussion of the agency theory, its history and basic concept, how it is currently being applied and manifested in many modern corporations nowadays and how this theory concept has been abused and improperly utilized by many corporations nowadays. A specific focus will also be allotted on the various criticisms on this particular theory and why its focus on merely two stakeholders: the managers and shareholders, is highly criticized by many people, specifically, other stakeholders involved in the organization. Moreover, this paper will answer how this criticism was justified and how in a way, the agency theory negatively affects proper corporate governance. To be more specific, this paper on The Criticisms on Agency Theory and its Application on Corporate Governance aims to answer the following questions: What is the agency theory? How did the agency theory begin and evolve? What is the role of the agency theory in corporate governance? What are benefits and advantages of adopting the agency theory in a corporation? What are the threats and disadvantages of adopting the agency theory in a corporation? Why is the agency theory being criticized with its focus on merely two stakeholders: the managers (agents) and shareholders (principal)? How does the agency theorys focus on merely two stakeholders: the managers (agents) and shareholders (principal) negatively affect corporate governance? How does this criticism affect other stakeholders within an organization, apart from the managers and the shareholders? A. Agency Theory: The Concept and its Beginnings According to the Economy Professor (2004), the agency theory originated in the year 1970s. This theory basically refers to the relationships that exist between the so-called owners of corporate assets and the so-called controllers of corporate assets. In simple terms, the agency relationship refers to the corporate relationship that exists between the shareholders and the managers within an organization. The agency theory also pertains to the firms view on its network of people resources. This theory states that a special kind of corporate relationship is formed when one person or a group of persons (known as the shareholders) decide to hire an individual or a group of individuals (known as the managers) to provide some service or work for them. Moreover, the agency relationship also occurs when the shareholders assign or delegate some decision-making tasks to the managers (Economy Professor, 2004). But aside from the shareholder-manager relationship, other forms of agency relationship may also exist in a corporation like for instance, the stockholder-debtholder relationship. Generally however, agency relationships are mostly used to refer to the shareholder-manager relationship. In many textbooks and journals, the agency theory is also being referred to as the principal-agent theory simply because it is a type of relationship that involves a principal or a shareholder and an agent or a manager (Economy Professor,2004). Moldoveanu, M Martin, R. (2001) further defined clearly what occurs in an agency relationship. They stated that in an agency relationship, the shareholder or the principal is the one who hires and accepts the services of a manager or the agent based mainly on the latters capabilities, professional competencies, decision-making ability and knowledge. Normally, the principal hires the agent because the former believes in the capabilities of the latter to increase and safeguard the assets of the company. Since the principal or the shareholder is the owner of those company assets, he or she will not hire an agent or manager who is not capable of increasing or protecting the assets of the company. Once the principal hires the agent to be in-charge of the company assets, the principal must automatically transfer his or her decision rights to that asset over to the agent (Moldoveanu, M Martin, R., 2001). The transferring of decision rights from the principal to the agent is vital in order for the latter to take full accountability, control and management over that asset. If there was no transferring of decision rights over to the hired agents, issues and problems stem from it which cause a negative impact not only on the relationship between these two stakeholders but also on the agents capacity to deliver the expectations of the principal (Donaldson, L. Davis, J., 1991). According to Lupia, A. (2001), the delegation of decision rights and power from the principal to the agent is highly important for an agency relationship to work. In the concept of the agency theory, the principal is known to be the person who performs the delegation process. The principal is the one who passes over the authority over the assets, specifically the power and authority to decide, to another person. The agent on the other hand is the one who acts as the recipient of the authority and power being delegated by the principal. When the full transferring or delegation of rights and authority is already transferred to the agent, then the agent already has the full accountability over the company assets. The agent is then subjected to either a sanction or an incentive depending on his management over the assets. According to Donaldson, L. Davis, J. (1991), various types of schemes are usually devised by the principals in order to prevent huge corporate losses due to managerial failures or the agents failure to deliver the shareholders goals and interests. Some of these schemes include financial rewards through the form of benefits and compensations which would greatly motivate the agents to achieve their company goals and align themselves with the interests of the shareholders. This has been an effective corporate strategy which proved to motivate agents to perform their managerial roles better (Donaldson, L. Davis, J., 1991). B. The Role of the Agency Theory in Corporate Governance According to Donaldson, L. Davis, J. (1991), the role of the agency theory in the modern corporations of today is quite important. Essentially, the concept of agency theory is both stewardship and shared ownership. Donaldson, L. Davis, J. (1991), states that the concept of shared ownership in the agency theory is what pushes and drives the managerial executives (agents) to perform beyond the top managements expectations. The idea that the professional managers are co-owners of the companys most valued assets is what drives them to perform better their management functions. Aside from their liability and accountability over the company assets, the idea that these managerial executives are co-owners themselves of the company assets is what makes them more concerned and involved in the nitty-gritty of the corporate process and their own functions. This therefore maximizes the shareholder returns which benefit all stakeholders within the corporation. Moreover, the agency theory encompasses the concept of stewardship. The agents or the professional managers act as the stewards of the company and its assets. Their decisions and their ability to successfully deal with various corporate issues and concerns as well as their ability to increase the value of corporate assets is what makes the managers good stewards of the business or the company (Donaldson, L. Davis, J., 1991). The capacity therefore of the agency theory to maximize shareholder returns by simply motivating the managers or the agents to perform their management functions better is what makes this theory quite useful in corporate governance. Moreover, the role of the agency theory in corporate governance involves a number of important elements which facilitate the effective governance and management of a corporation. One of which is exercise and practice of the decision rights. According to Moldoveanu, M Martin, R. (2001), the agency theory is what strengthens and allows for the proper exercise of the decision rights of the principals over the company assets. Since technically, the principals are the owners of the assets and they are the ones assigned at delegating the power and decision-making authority over to the agents, their rights must still be protected. This decision right comes in three types: a.) the principals right to create, initiate and implement a specific decision and b.) the principals right to authorize or give consent and approval to a specific decision and c.) the principals right to punish or reward an agent based on the results or outcome of a specific decision the latter has made. On the other hand, the agency theory also puts emphasis on the managerial rights that should be utilized and exercised by the agents. These management-decision rights include: a.) the agents decision right to propose, initiate or suggest a specific course of action or decision and b.) the agents decision right to counter, resist or veto a specific course of action or decision (Moldoveanu, M Martin, R., 2001). The agency theory also acts as the initiator and motivator of the punishments and rewards system in an organization. The agency theory states that the concept of incentive (rewards) and sanctions (punishments) is possibly the best form of motivation among all stakeholders, not merely the managers or the agents. Moldoveanu, M Martin, R. (2001) states that managerial incentives usually come in two types: a.) incentives for observable and obvious efforts exerted by the agent or the manager which usually come in the form of monetary or financial rewards such as bonuses, stock grants or salary increases and b.) incentives for observable and obvious efforts exerted by the agent or the manager which usually come in the form of non-monetary rewards, acknowledgement and other privileges. Given all these functions, the agency theory indeed performs a significant role in any organization in terms of safeguarding and increasing the companys most valued assets as well as motivating its stakeholders, specifically its agents or managers to go perform beyond top managements expectations given that their roles, functions and rights are clearly identified by the agency theory. C. The Benefits and Advantages of Adopting the Agency Theory One clear benefit of adopting and utilizing the agency theory within an organization is its ability to maximize the potentials and use of a particular agent. While the agents are clearly motivated to perform or even go beyond their managerial roles, the ultimate benefit is still being experienced by the shareholders as it is their assets which are being maximized. Although oftentimes, when the shareholders return on investment is quite high, all stakeholders also benefit out of it in the form of great financial rewards such as salary increases and bonuses (Sanchez, A.V., n.d.). The increase in shareholder returns and the value of the companys assets is one clear benefit and aim that the agency theory brings in to any corporation that is why its utilization is still very much applicable in the set up of modern corporations. In simple terms, the agents and the principals as well as other stakeholders within the organization directly benefit out of this company financial gain (Sanchez, A.V., n.d.). Another benefit in the adoption of the agency theory in corporations is the maximum utilization of the agency cost or the cost incurred by the shareholder by hiring the agent or the manager. Given that typically, an agent performs quite a number of critical roles including the important function of decision-making, the cost incurred by the company in hiring the agent is therefore justified by the amount of work or services accomplished by the agent for the company. This clearly benefits the shareholders as their agency costs can also be considered an investment for the further growth of company assets (Sanchez, A.V., n.d.). On the part of the agents, the application of the agency theory is also beneficial as it offers the application of the concept of maximum utility. The concept of maximum utility denotes a maximization of their potentials and skills which they have provided the company. In a way the end benefit is still clearly leaning towards the company. Nevertheless, the maximization of the managers skills and potentials also directly benefits him or her as an agent (Sanchez, A.V., n.d.). D. The Threats and Disadvantages of Adopting the Agency Theory According to Mallin (2007), the agency theory can possibly result into a number of threats or disadvantages in an organization. One of these disadvantages is the opportunistic view of the managers or the agents in the corporation. For instance, there were many instances when the agents (managers) took advantage of their power and used it for their own selfish interests. Apparently, some agents do not act in accordance to the interests and goals of the shareholders. Most of the time, the agents are tempted to use their power and decision-making advantages to pursue their own selfish interests and not act in behalf of the principals or shareholders of the company. Moreover, the agents may have a totally different view of what their roles or functions are supposed to be which may be far from what was defined by the shareholders. For instance, some agents or managers may avoid risk-taking which the shareholders consider essential in order to effectively increase the value of a corporate asset. Also, agents or managers have the tendency to avoid making decisions, especially those decisions which are entirely needed to properly govern the corporation. When this happens, the clash between these two stakeholders begin which is another disadvantage brought about by the agency theory (Mallin, 2007). Information asymmetry is also a common problem in the application of the agency theory. This happens when the amount or load of information accessed and received by the agent varies from that of the shareholder. When this happens, it results into an unbalanced amount of corporate knowledge or information between the two which may put either of them at a disadvantage. Also, the gaps in corporate knowledge or information may cause confusion or misunderstanding between these two important stakeholders. As a result of this, conflicts arise between the managers and the shareholders which hinder both of them from performing their distinct functions in a corporation (Mallin, 2007). The Criticisms on the Agency Theory: Why this theory focuses on merely two stakeholders: the managers (agents) and shareholders (principal) The agency theory, coined and popularized in the 1970s, has long been an existing concept and theory that people in the past centuries have been thinking of adopting. It was however only in the 70s that this concept was already adopted by many companies around the world. The popularity of the application and use of the agency theory only commenced when corporate governance became a more difficult and complicated task to do. When the corporations began to expand, more and more clients and employees became part of both the external and internal stakeholders of the company. An implication of this was the tasks became more difficult to manage that the owners of the corporation needed additional people to offer special work or services for them. This then resulted to the birth of the demand on hiring agents (Mallin, 2007). These agents, according to Mallin (2007), were recruited and hired based on their professional competencies, skills, talents and the ability to make decisions. The owners or the shareholders (principals) are the ones directly hiring these agents to offer special services them that would further grow or benefit the corporation. Moreover, Mallin (2007) asserted that the complications brought about by the increase in demand of the services offered by a corporation and an upsurge in the number of its clients, brought about the need to separate control and ownership in a corporation. Most of the time, shareholders or owners of a company are too busy to perform and attend to the important details in a corporations daily operations. The amount of work and responsibility that these owners need to perform are way too much that they need to add more employees to handle them. This therefore resulted into a separation of control and ownership in the company, with the shareholders performing the ownership function while the managers performing the control function. According to Mallin (2007), when the shareholders or principals start performing the ownership function, thats when they begin to make the agents and other stakeholders in the company more accountable and responsible in their tasks and functions. The command and directives come straight from them which would then have to be managed by those under them. When this happens, the shareholders would have a direct control over the business or the corporation just as owners should have. Accountability increases over the shareholders capacity to function as owners of the corporation and its most valuable assets. On the other hand, direct control over the corporations daily operations is exercised by the professional managers assigned by the shareholders. Full control and accountability rests on these individuals which make their functions highly critical in a corporation. These professional managers are concerned with the nitty-gritty of the daily affairs of the corporation as well as the handling of the people under them. Also, they are in charge of increasing the value of a corporate asset which puts more pressure on the functions that they perform in the corporation (Mallin, 2007). Hence, the focus of the agency theory is basically to put emphasis on the importance of the functions that both the principals (shareholders) and the agents (managers) perform or play in the success of corporate governance. This explains the main reason why most corporations nowadays exercise or apply the agency theory in their business framework. Also, the corporations found it to be very significant to maintain the healthy relationship between the principals and the agents as it is only then can they manage the various issues that corporations normally face. Moreover the distinct advantages of applying the agency theory are tremendous, such as the maximum utilization of the companys agents and the increase of the companys most valued assets, that it led many corporations to apply the agency theorys principles in their businesses. Nevertheless, Mallin (2007) argues that one of the most popular criticism against the agency theory is its focus on merely two stakeholders: the agents and the principals. According to corporate analysts, it is not healthy for a corporation to focus on merely two stakeholders and neglect all the other stakeholders that also play key roles in the organization. In the long history of corporate governance, it has been proven to be true that the agency theorys focus on the principal-agent relationship has caused many threats and disadvantages as well to the organization. For one, these two stakeholders cannot properly operate or function without the presence of other key constituents or stakeholders within the organization. Other key stakeholders such as the managers subordinates, suppliers and the investors also perform highly significant functions in the corporation which cannot be ignored or neglected. The seemingly unfair and unbalanced focus of the agency theory on only two stakeholders have been for a long time resulting into negative impacts in the organization which was justified through the perception of other stakeholders on the unequal distribution of power in the organization. The unequal distribution of power and privileges within the organization, mostly focused on only the principals and the agents, is what makes other key stakeholders feel deprived and unimportant in the corporation (Eisenhardt, K., 1989) When this happens, these other stakeholders like for instance the investors and suppliers may be tempted to take away their loyalty on the corporation and move to its competitor. This then places the corporation into a threatening situation as its key stakeholders know much confidential information about the company. F. The Stakeholder Theory versus the Agency Theory The many issues confronted by many corporations through the utilization and application of the agency theory in their corporate governance resulted into many negative impacts on the part of other stakeholders involved in the corporation. For one, these stakeholders namely the employees, investors, suppliers, communities, subsidiaries, the media and the government and other internal and external constituents that the corporation usually deals with, are not given sufficient attention and privileges compared to the shareholders and the managers. This is because in the agency theory, the focus is merely on the shareholder-manager relationship or the principal-agent relationship and not so much on other stakeholders. In order to avoid these kinds of issues on the part of other stakeholders, another theory was created which was the stakeholder theory. In essence, the stakeholder theory states the importance of addressing the needs and emphasizing the functions and roles of other relevant key stakeholders in the organization in order to effectively govern the corporation (Donaldson, T. Preston, L., 1995). Moreover, the stakeholder theory presents the first step to divert the attention from merely two stakeholders: the shareholders and managers, to other stakeholders such as the investors, suppliers, communities, media, political associations and the general public at large whom the corporation directly affects or influences (Donaldson, T. Preston, L., 1995). The stakeholder theory also gave a strong emphasis on the importance of identifying the corporations internal and external stakeholders. This is because any corporation would not be able to stand in itself and operate by itself without the aid of other key stakeholders which the corporation serves or which help the corporation achieve its organizational goals. In other instances, even the competitors can also be considered part of the organizations stakeholders (Donaldson, T. Preston, L., 1995). The usefulness of the stakeholder theory compared to the agency theory is that the former has a clearer, wider view and concern with other people outside of the managers and the shareholders. The stakeholder theory puts more emphasis on their importance as a corporate entity and in a way helps the corporation properly position itself as well, especially in the community where it operates (Donaldson, T. Preston, L., 1995). The stakeholder theory states that by identifying the internal and external stakeholders of a corporation, the interests of the corporation would be balanced among the interests of the other key stakeholders. The corporation therefore would not appear selfish or apathetic to the community and the general public at large because its organizational goals and principles are hinged from the best interests and common good of all its stakeholders, not just the managers and the shareholders. The stakeholder theory also paints a good view of the corporation to other stakeholders as it appears concerned and ready to serve the general public at large. Also, the application of the stakeholder theory implies that the corporation acknowledges that its decisions have either a positive or negative impact on the stakeholders in general. This makes the stakeholders therefore feel important being part of the corporation as its concerned and needs are acknowledged by the corporation where they belong compared to the agency theory which only highlights the contributions and roles of merely two stakeholders: the managers and shareholders. (Donaldson, T. Preston, L., 1995). Conclusion The agency theory in corporations is a useful and widely-used theory that has in itself a lot of distinct advantages and disadvantages to the corporation. Its focus on the important functions of the principals (shareholders) and the agents (managers) is what led to its popular application in corporate governance. For many decades, the use of the agency theory has benefitted many corporations as it aimed to strengthen the relationship between the principals and the agents whose main functions are considered the lifeblood of the corporation. Also, the agency theorys emphasis on the maximum utilization of the agents resulted into tremendous increases in the value of the corporations assets and the corporations maximization of the agency costs they incurred out of hiring the services of these agents or professional managers. Nevertheless, while the agency theory application resulted into many benefits and advantages, it also brought it certain negative impact and disadvantages in the corporations. For one, it resulted into conflicting interests between the managers and the shareholders. The shareholders often seem to have a hard time influencing the managers with their own organizational goals, while the latter focuses on pursuing his or her own selfish interests in the organization. Second, the lack of focus of the corporation on other relevant stakeholders brought forth more disadvantages in the organization as the other stakeholders felt unimportant and neglected in the corporation. This issue has therefore given birth to another theory called the stakeholder theory which balances out the unbalanced treatment and view of the agency theory on the other relevant stakeholders in the company by stating the important roles and functions of other key stakeholders which the corporation directly influences and affects as well.

Unsustainable Debt Essay -- Economics

Unsustainable Debt Many ordinary citizens today in developed countries such as Canada acknowledge the abject poverty affecting citizens of various African countries and other undeveloped nations. However, exactly why these countries are in this position appears to be a mystery, despite many cash grants, relief efforts, and aid are delivered to these countries by various Western organizations amidst great media attention. In addition, it also seems natural that such undeveloped countries should have a net flow of capital moving towards them from wealthy industrialized nations such as Canada. On the contrary, a net flow of money has actually been directed towards the industrialized nations and various financial institutions from these impoverished countries[1]. This fact has failed to achieve much media coverage, if any. Figures on poverty levels of the early 1950's, following the Second World War, do not reflect those found today[2]. Undoubtedly poverty existed in the world. In fact, both the world's economy and the global GNP figure were far smaller in comparison to present day figures[3]. However, the fact that poverty existed in many countries did not imply that the inhabitants of those countries lacked basic necessities such as food, water, adequate shelter, and basic health services. This present situation of utter poverty is a result of the debts and debt service payments; an enormous burdens on these countries. Far greater percentages of capital and resources are spent each year on interest payments resulting from these debts by the debtor nations than on vital services such as education, health care, and basic social infrastructures[4]. Without the debts and debt service payments, such countrie... ...., 1991) 54. [8] John Serieux. Journeys Just Begun. (Canada: Renoult Publishing Co. Ltd., 2000) 28. [9] Cheryl Payer. Lend and Lost. (United Kingdom: Zeb Books Ltd., 1991) 27. [10] Roy Culpepper. Journeys Just Begun. (Canada: Renoult Publishing Co. Ltd., 2000) 32. [11] Roy Culpepper. Journeys Just Begun. (Canada: Renoult Publishing Co. Ltd., 2000) 33. [12] Gianni Vaggi. From Debt Crisis To Sustainable Development. (Great Britain: The Macmillan Press Ltd., 1993) 117. [13] UN Economic Commission for Latin America. Debt Adjustment and Renegotiations in Latin America. (USA: L. Rienner Publishers, 1986) 34. [14] John Loxley. Debt Disorder: External Financing for Development. (USA: Westview Press: 1986) 162. [15] John Serieux. Journeys Just Begun. (Canada: Renoult Publishing Co. Ltd., 2000) 29.

Alfieri Tells the Audience ‘Justice Is Very Important Here’. How Does Arthur Miller Show the Importance of Justice in the Play? Essay

After Eddie hits Rodolfo the audience gets the feeling that he feels this is justice for Rodolfo leading Catherine away from the life Eddie wanted her to have. This is emphasised by Eddie’s use of the word ‘Danish’ to describe Rodolfo. By using this as a nickname Miller is trying to access the point that Eddie is trying to isolate Rodolfo from the Italian community and also their family. The true sense of justice in this scene however, comes from Marco who ‘raises the chair over his head’. This is a clear sense of warning implied by Marco, which is clearly registered by Eddie, ‘Eddies grin vanished. ’ This, to Marco, is a feeling of justice coming to Eddie for trying to make either him of his brother feel like they don’t belong. While also foreshadowing what will happen at the end of Act 2. Miller highlights justice as one of the most important things in Eddie’s life. However, he leads the audience to enquire whether Eddie’s desires are truly ‘just’. What Eddie wants is his honour and his name but also Catherine. ‘Marcos got my name. He also wants his respect back from Marco, which he has completely lost by the actions his inappropriate feelings for Catherine have caused him to take. In the structure of a Greek tragedy that Miller is trying to create Eddie plays the protagonist. It is his conflict between his good quality’s and the gradually rise of his bad ones that force the drama forwards with both Eddie an d Marcos need for justice. The importance of justice shown in the play comes to a drama filled end with Marco finally getting the justice he believes he deserves. The end of this play was foreshadowed when Marco stated, ‘all the law is not in a book. ’ By saying this Miller has implied to the audience that Marco believes it is his duty to bring Eddie’s life to an end, ‘in my country he would be dead by now. ’ He also brings in the claim felt by Marco of natural justice and how by disregarding the respect Marco feels for Rodolfo, ‘my brother, my blood,’ Eddie has lead himself in to the situation where he is nothing more than an ‘animal’ who deserves to die. In conclusion, throughout the play Miller implies the theme of justice as the most prominent and important theme of the play. It is one of the only things Marco and Eddie have in common, in the way that they both search for it and in the end it finished with Eddie dead and Marco being sent back to Italy. In the final scene Miller shows the audience that though you may gain the justice you sought out for like Marco, ‘Eddie falls to his knees before Marco,’ it may be the thing that leads to a characters downfall, in which it did with both Eddie and Marco at the end of this play.

Production and Supply of Exotic Vegetables Essay

Greenhouse cultivation started on commercial basis 20 years ago in India. At present more than 25000 greenhouses exists in India cultivating roses, gerbera, carnation, Anthurium, orchids, and vegetables like Capsicum, tomatoes, cucumber and exotic vegetables. India contributes only 1% to the total area under greenhouse in the world. At present Gujarat has around 450 operational greenhouses and will have more than 800 operational greenhouses in 2013. Hence, it’s the time now to promote greenhouse farming to have sustainable agriculture with quality produce in the hands of the consumers. Greenhouse technology has been promoted by the central government and state government on large scale. The farmers are not utilising it in an efficient way mainly because of cultivating the crops as same as they are cultivating in the open field. Hence, the core concept of greenhouse gets vanished away. The research paper is with reference to the research conducted on Controlled environment cultivation in Gujarat. It includes the various aspects of production, operation, supply chain and marketing, subsidies given by various horticulture departments at Central and State level. There is a lot of opportunities and improvements needs to be done at farmer’s level. It includes grabbing the right market at right time which can be achieved only when they transplant at right time keeping in mind the nearby market. Also, the farmers have to change their mind set about the overdose of fertilizers and pesticides which is not beneficial to crops but in turn invites more of pests and disease and deteriorate our soil micro flora and fauna. Since, cultivation in greenhouse in itself is an advantage, increasing the cost of cultivation takes them away from gaining the real advantage. For which it is necessary that they should follow the package of practise as given by the horticulturists of the state government department. Maintenance is another aspect which should be kept in mind like time and schedule of irrigation, weeding, earthing up, right time for tieing the plant, stage of picking the fruits etc. Also, if there is any attack of pest or disease they should consult entomologists or pathologists rather than blindly applying the chemicals as given by the retail stores to sale and promote their brand.

North and South Growing Together: The Differences It Makes Essay

The Global North and South are in a state of change, that can continue to grow further from a real and loving relationship with God, or become a religion that is closer to what Christ had intended for all us. In the north we see a rise in an individualism, a idea that forgets the evil (SIN) in religion, substitutes God’s grace for self-knowledge, and makes Christ mission about self help instead of global defeat and global salvation. â€Å"Jesus, who became the Christ of faith, suggested that the gospel need some concretization within cultures for it to have a capacity to transform destructive tendencies in them. The evangelizing objective was to seek life-giving elements in cultures which could â€Å"give flesh† to the gospel vision of reconciliation, peace, justice, compassion, and love.† The development of the Christian life and message in context with cultural living is not always clear and can be manifested appropriately in a specific cultural context, however but is not always clear with keeping to the Jesus traditions and Christian traditions at less. Christian traditions are built on Jesus traditions; however, where there is man there is error in caring out Christ’ traditions and teachings without personal characteristics interfering with the inerrant word of God. We are not capable on our own to carry out God’s will without the guidance of the Spirit. Some may ask how the life changing and life giving elements of God’s grace and God’s word determine through culture the true perspective and vision of the gospel? Pedro Arrupe, the former Superior General of the Roman Catholic Jesuit order stated that faith in Christ can be achieved globally if we work to bring the  Gospel needs concretization within cultures for it to have a capacity to transform destructive tendencies in them. Arrupe also stated these words were not his alone but came from Christ. Arrupe stated that inculturation is 1 Thomas Grenham, (2001). Exploring changing religious, cultural, and faith identities in an African context. the â€Å"the incarnation of Christian life and of the Christian message in a particular local cultural context, in such a way that the experience not only finds expression through elements proper to the culture in question (this alone would be no more than a superficial adaptation), but becomes a principle that animates, directs, and unifies a culture, transforming and remaking it so as to bring about ‘a new creation.†3 â€Å"If the Christian life and the Christian message can be embodied in a particular local culture, it seems obvious that a diverse religious way of life and its worldview could be manifested within Christianity, thus ‘a new transformation’ would take place simultaneously for Christianity and a diverse religious worldview.† The changes in some cultural worldviews are changing in a way that incorporates the Gospel of love and relationships into their way of life. This is good as Christ’ missionary work was about relationships, and about restoration of a relationship with God through his sacrifice for all mankind. In the Turkana’s who inhabit Kenya’s northern territories is bringing the good news to everyone including their poor. Traditionally with many of the Southern religions Liberation theology is the normative in their religious beliefs. Where Liberation theology was Pentecostalism has come. But today much of the religious sect in the south are turning to a straight forward reading of the Gospel with a direct interpretation on how to live. We are seeing a beginning of another reformation but not with a idea of some other belief but a reformation back to what we have lost. This is a global influence that is beginning to become a trend amongst many religious sects within the Christ ian worldview. We have lost sight of the Goal but as we begin to emerge from the ashes of sin that we have been living under we begin to be made aware of our transgressions by the Spirit. In is seen more and easily confirmed by this shift in thought by humans that the Triune God is ever so busy in our lives globally as a family imbedded in Christ’ body  that is being made possible by the Spirit. 3 Thomas Grenham, (2001). Exploring changing religious, cultural, and faith identities in an African context. Bibliography Thomas Grenham, (2001). Exploring changing religious, cultural, and faith identities in an African context. Retrieved on August 25, 2013 from Pacifica.org, PDF.

Listening Paper Assignment Essay Example | Topics and Well Written Essays - 250 words

Listening Paper Assignment - Essay Example The factors that influenced my listening behavior were my concern for the money that seemed going wasted, my angriness, and my intent to know the real cause of the bug. I used problem-oriented supportive response to get through the situation. For example, I talked about the problem that occurred with my phone. I acknowledged the description of the support official about the problem at the start of the discussion. Counter-arguments started when the support official started talking about the reason of the problem. I was most attentive when the support official was explaining the causes behind the connectivity issue. I wanted to know what the support official would say about the issue. I was least interested when he was telling me the cost of the service because at that time I had gotten angry at the situation because the phone was in the period of its warranty and the company should have done the service free of cost in my view. The communication situation got some heat due to inattentive listening, cross talk, and counter-arguments. I learned from the situation that one should listen to the viewpoint of others attentively because things are not always the same as we think about them. For example, in my situation, the problem had occurred because of water input and water damage does not come under warranty cover for cell phones. The five personal goals for becoming a better listener are: to know the exact situation; to avoid misunderstandings; to avoid ineffective communication; to get to the solution within less amount of time and with less arguments; and to build good personal

Patagonia Case Study Example | Topics and Well Written Essays - 750 words

Patagonia - Case Study Example The CEO asserted that "the most important part of the mission statement was to provide and implement solutions to the environmental crisis." The assertion was important since the business relied on the environment. It was, therefore, not only a show of social responsibility but also to ensure sustainability of the business itself. It was also a show that the business was giving back to the community through a more comprehensive focus.It emphasizes quality through ensuring that the core users have products that are functional, simple and multifunctional. For example, it developed a ski jacket that could be used during boat sailing and winter rainstorms. The models were also improved to ensure that the products have distinct functions and are more reliable. For example, the products went through a field- test to determine its functionality, performance, fabric, performance and design before being released on the market. On environmental impacts, it was committed to ensure its products have least environmental impacts possible. For example, it ensured that the dye used for its products was a less negative impact on the environment, and the packaging was also reduced. It also engaged in the production of its organic cotton to prevent the conventionally grown cotton environmental impacts. On innovation, it invested $3 million each year to promote development and research.It ensured that its suppliers meet its standards of environmental and social responsibility and quality.

The Relationship Between Domination and Resistance Essay

The Relationship Between Domination and Resistance - Essay Example The absolute power of the monarch was then displayed to all in the (punishing of the) body of the prisoner. In later centuries, systems changed. Prisons were introduced, and prisoners were subject to strict discipline and control. Discipline meant that almost every bodily movement of prisoners was sought to be controlled - the space they used, the movements (exercises) they did, the food they ate and even their sleep. The panopticon, a circular design for prison houses (designed by Jeremy Bentham in the 18th century) with the warder's room in the center, allowed the warder to view a prisoner at any time; this made the prisoner feel that he was constantly being watched. This drill of prison life led to the transformation of people into obedient zombies, which facilitated the exercise of control by the state. The way the death penalty is administered in many countries of the world, including the US, is evidence that state sanctioned violence still exits. Such violence is orchestrated in a bizarre, ritualistic manner to make it appear as a necessary tool of the state justice system. But when we consider that capital punishment does not deter crime in any way, it becomes evident that it continues as a throwback to a primitive and uncivilized way of treating fellow humans. Dwight Conquergood gives some horrifying facts about the administration of the death penalty in the US. For instance, the US is one among a handful of countries, which allows the death penalty for a minor. Besides, a greater part of those who are on death row are minorities; a large percentage of women charged for serious crime are lesbian; one in seven persons are wrongly executed (!); and all this, though capital punishment is much more costly to administer than a life sentence. (Conquergood 2002)Power is thus used by t he state to reinforce the viewpoint of the majority. An impression of humaneness is sought to be created through the sanitation of the whole process of killing by the state. Prisoners are made to participate in their own annihilation. When a person on death row accepts the fact that he has no way to escape his fate, he is 'persuaded' to go through silly rituals of stating what he wants for a last meal, articulating his 'last wish' before death and so on. (Conquergood 2002)In the face of the exercise of such raw and violent power by the state against those who dare to express opinions contrary to what the state sanctions, political prisoners in Turkey have refined hunger strikes as a way of expressing their dissent. Patrick Anderson chronicles the longest lasting such strike, which started in Oct 2000 in Turkish prisons as a protest against shifting of prisoners to solitary cells. The strike has been carefully managed by the strikers so that they do not die of starvation soon. The st rikers have developed methods to see that their emaciated bodies survive - by drinking more liquids, by using potassium chloride instead of sodium chloride and so on. (Anderson 2004). Moving from the details of the narration, what is horrifying is the fact that in almost all countries of the world, including those which claim to be developed, the legal and justice system exists for the privileged class.Power operates outside prison gates too - through the mechanism of the market economy. An 'upper' class