Waterfront Disputes Essay Research Paper The 1998 free essay sample

Waterfront Disputes Essay, Research Paper The 1998 Waterfront Dispute was described by John Howard ( the Prime Minister ) as a specifying minute in Australia s industrial dealingss history. It represented a alteration in authorities scheme from the Labor Government s partizan stance to the Broad Government s provocative stance. Discuss. a ) the extent to which this statement reflects the alteration in policy accurately: and B ) the extent to which this alteration affects the modern-day pattern of employment dealingss. During the clip period from 1996-1977 the Australian Government and NFF ( national husbandmans Federation, consider assorted option to replace Maritime Time Union Association ( MUA ) . They glad plan involved cooperation reconstituting companies using MUA labor in the Patrick Empire. Patrick and his legal adviser and advisers, consider assorted option to re-place brotherhood workers. On 7 April 1998, Patrick sacked its 1400 MUA work force at its assorted location across Australia and replaces them with non-union work force. Patrick Steverdorin ( formely Strang Patrick Retentions ) were backed up by Australian Broad Government, NFF ( National Farmers Federation ) on other manus the Stevedores workers had the full support of MUA backed by Australian Workers Union ( AWU ) , International Transport Workers Federation ( ITWF ) , coal mineworkers. We will write a custom essay sample on Waterfront Disputes Essay Research Paper The 1998 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The authorities engagement in the company was because of two grounds ; hapless efficiency and low productiveness by MUA work force, comparison to international criterions. The maltreatment and breach of Australia Work Act ( AWAs 1996 ) to use non-union labour substituted with brotherhood labour was the cardinal features of waterfront difference. Mention: 1. ( hypertext transfer protocol: //www.workersnews.flex.com.au/wn/200398/web.html ) , 2. Broad and National Parties ( 1996 ) Conveyance Policy, hypertext transfer protocol: //www.liberal.org.au/ARCHIVES/TRANSPORT/trans.htm Svensen, S. ( 1995 ) The Sinews of War: Difficult Cash and the 1890 Maritime Strike. University of New South Wales Press, NSW. Yes, the statement stated above is true, the Labor Government was in a manner in favour with brotherhoods. Source tells there was close connexion between Australian Labor Trade Union ( ACTU ) . Hawke and Keating labour could non purse full deregulating the labor as concern community would hold liked. But they negotiated brotherhoods and ACTU and the award system towards decentralized enterprise dickering agreement was implemented. The 1980 besides saw established diminution in brotherhood rank, it straight related in weaken industrial power of labour authorities. There was as important alterations made by the Labor Government IRRA 199, when non-union endeavor flexibleness understandings ( Coullthard,1996 ) by this illustration: By the mid of last century, Stevedoring company had 25,600 workers. Because of International competitions and mechanisation of Patrick Stevedores, employers wanted a smaller but extremely trained, disciplined and flexible work force to increase productiveness and cost film editing. There was a struggle between the employers and employees because of the purpose of employer s to cut off big figure of workers. The Labor Government established an Inter State Commission ( ISC ) in 1986. The ISC produced an industry program in 1989 and a three-party organic structure, the Waterfront Industry Reform Authority ( WIRA ) , was established to implement it. Then the work force was successfully reduced with the understanding of the brotherhoods and employers by 57 % through redundancies. Productivity increased by 75 % . ( Griffin and Svenson, 1998 ) This incident showed that non merely the Labor Government worked jointly with brotherhoods but was besides had policies of restructuring and globalization of the Australian economic system, which was accompanied by efforts to soften the impacts on vulnerable group through mark income security and labor market plans. The Howard Liberal authorities came to power holding committedness to better efficiency and labour market by re-building Industrial Relationship Act, they scheme was to altering AWA act to accomplish this their introduced Workplace Relation Act ( 1996 ) , After the implement of the act. The under act ( AWAs.s170VF ) contain Individual Bargaining, which was clearest look desire to avoid external intervention, from the 3rd parties, like brotherhoods. For first clip in Australian history an single employee can contend against his employers in affair affecting any in justness of any sort done to him/her at the workplace. The Liberal Party s industrial policy plan obviously stated: There will no range of uninvited brotherhood intercession to thwart AWAs # 8230 ; . , AWAs will help in developing common intent a common intent between employers and employees for the benefits of all ( Reith,1965:5 ) . The monopoly held by the brotherhood from this clip onwards had ended. Australian Industrial Relation ( AIRC ) was eradicated.187AA and s.124 of the WRA which prevents an employer paying work stoppage wage and prevents the AIRC hearing these affairs. Like Mr. Howard s reassurance that no worker would be worse off. Labor Government legislative amendment 1992 began peculiar changed relationship bargaining and mandatory arbitration and between corporate understandings and awards further 1993 weaken the enfranchisement list by presenting the construct of the non-disadvantage trial. This list ensures that award status traded for wage rise, if there is no error done by an employee. WRA ( 1996 ) is in favour of employers instead than employees but it is against brotherhoods which was the chief motivation when Broad Government came into power, it acquire everything what they got against brotherhoods. In decision the Waterfront difference has been a biggest measure in reforming AIRC act, the loss of the Patrick, Broad Government and NFF was set back. The most of import thing was the solidarity which the MUA members hold on together till the triumph. We learn that Labor authorities were one of the first authorities in Australia to take measure against deconcentrating of brotherhoods in Australia, which were so followed by Broad authorities to take much more agitative base against brotherhoods. Equally, while the Australian brotherhood motion has won this conflict, the battle between capital and labor will go on.

Herbert Lehman Post-Racial Essays - Free Essays, Term Papers

Herbert Lehman Post-Racial Essays - Free Essays, Term Papers Half a century ago, Dr. Martin Luther King Jr. dared to imagine what few others of his time would venture to consider; he dreamt of a society in which one is judged not by the color of ones skin, but by the content of his or her character. Has Kings dream manifested itself as reality? Because President Barack Obama was elected in 2008, can a man of color walk anywhere in this, the United States of Americathe greatest nation on Earthwithout the slightest consideration as to the pigment of his skin? Contrary to popular belief, ones race was and still is a significant part of ones lived experience, despite the election of Barack Obama. Analysis of elements of popular culture and societys perspective substantiates this claim. Forty-three men served as president of the United States of America prior to the election of Barack Obama in 2008. Of those forty-three men, how many are addressed as the first of their race (Irish, German, English, etc.) to win the presidency? Yet, when society names the 44th president of the United States of America, perspectives change and the topic of race takes precedence. President Barack Obama is not merely another serving his country in the office of president; rather, he is a black man before the word president is even mention. While the fact that he is an African-American is significant, it should not characterize him more as president than it does as a person. Evidently, society still sees the color of the presidents skin, before noticing his title, his achievements, and even his failures. Elements of popular culture share a similar myopic view. Music, being one the most defining aspects of a culture, contributes significantly to the development of a society, in which race is almost always a factor. Ironically enough, African-American artists can be blamed for the attention given to differences in race and even racist mentalities. For example, Hip-Hop artist, Young Jeezy in his song titled My President, tells about the triumph African-Americans have made with the election of President Barack Obama in 2008. The first line of the song: My president is black. What is that to say to the millions and millions of African-Americans that seek refuge in the words of Jeezys music? The song did not focus on the fact that Americans elected a competent man, but rather, a black man. Such music, so vast a fan base fed with little more than transient triumph on a racial level, discourages the growth and maturation of society; rather it encourages the ignorant and stereotypical views t hat have come to characterize a race. With the election of President Barack Obama in 2008, headlines and talk shows were fraught with the excitement of an African-American being elected president of the United States. Yet, the headlines about a Harvard graduate and Civil Rights activist garnered significantly less emphasis. In addition, artists and musicians sought to proclaim the triumph of African-Americans as a people, and not America as a nation with Obamas election. Evidently, the road to a race-blind society is a long one, littered with cultural distractions and unyielding racial perspectives.

Why did non-slave owners fight in the civil war Research Paper

Why did non-slave owners fight in the civil war - Research Paper Example It is estimated that over three million soldiers took part in the civil war, with two million fighting for the Union states and one million fighting for the Confederate states (Catton & McPherson, 2004). Around 600,000 of these soldiers died in combat, making it the deadliest war in American history (Catton & McPherson, 2004). One of the main reasons for the American civil war was that many people in the northern states felt that slavery was immoral and unnecessary, whilst those in the south wanted to keep their slave-owning plantation way of life. It is easy to understand why those in possession of slaves would want to keep their lifestyle and their cheap labor source, but why did non-slave owners fight in the civil war? Inequality Whilst it may seem ridiculous to some to support a system that does not benefit yourself, such as non-slave owners supporting slavery in the civil war, but there are many reasons why. One of the main reasons is that black people and white people were not seen as equal at the time. The general consensus of the time was that those of African descent were a slave race (Hansen, Gallagher & Jakes, 2010) and deserved to be treated as such. This is one of the reasons why inequality lasted for such a significant amount of time after the civil war; it was difficult for some people to accept equality. Despite many soldiers fighting for the Confederate states not owning slaves, it may be that these individuals wished to maintain the quality of life. In the case of those who were termed ‘poor whites’, it may have been that they enjoyed being part of a system in which they were superior to one set of people; the African slaves. The abolition of slavery meant that everyone was equal, but those with money still retained some superiority. Those who were part of the ‘poor white’ lost their superiority altogether and may have felt uncomfortable with this idea. The culture of slavery was deep-rooted in society at the time and many are often uncomfortable with changes to the social order, and this may have been an example of this phenomenon (Catton & McPherson, 2004). The abolition of slavery did require a significant change to the social system of the day, so the Confederate supporters were not wrong to be worried. However, in recent decades the status of African Americans is now seen as equal to that of whites in the United States, so it is evident that some time has shown that there was a reason to fight for this equality, despite the problems it may have caused the Confederate soldiers at the time. It is interesting to consider how those labelled ‘poor whites’ of the day reacted to the abolition of slavery, and how they were now seen as equal to black, whereas prior to this the colour of their skin still set them apart. This was probably one of the major reasons why non-slave owners fought in the civil war. State Pride Something that may be easier to understand for modern Americans is th e concept of state pride. As the ownership of slaves was so deeply ingrained into culture, some soldiers may have wanted to go to war to prevent themselves being under the legislation of the Union states who did not necessarily understand the way of life in the south (Hansen, Gallagher & Jakes, 2010). In many cases, soldiers would have been proud to be fighting for their state, despite their beliefs or their slave ownership status. Slavery was one of the main issues in the American civil war, but it was not the only one. Many people on both sides of the civil war believed in what is known as State Sovereignty, which essentially maintains the right of each individual state to control and create its own laws (Catton & McPherson, 2004). The Union was fighting to unite the states, both southern and northern, to create a more harmonious single

Introduction to Psychology ( Discuss Quesition ) Essay

Introduction to Psychology ( Discuss Quesition ) - Essay Example Many crucial links are available to determine which type of personality a person chooses to have. Generally, the demarcations between and extrovert and an introvert are established through many factors like the overall levels of energy available and can also be attributed to certain physiological differences in the brain. Apart from that, the surrounding environment and the nature of the parental brought up also decides the levels of sociability of an individual in life. People choose to stay in battering situation when they are either scared of the offender or believe that the batterer is actually correct and knows what they are doing. Financial dependency, social norms, emotional voids, religious and cultural obligations, loneliness, etc are some of the reasons that draw people into the ‘Stockholm’ or the ‘Hostage’ syndrome. A general sense of fear, the presence of unreasonable false gratitude accompanied with a total lack of awareness that help is available are some of the other reasons that explain this. Therefore, a personality flaw, as a defense mechanism, develops more often than not as a result of holding on to the batterer and continuously suffering and may not be the principal cause of staying in a battering relationship. Learned helplessness increases the probability of a person staying in a battering relationship, as the person involved is already predisposed towards a feeling of utter helplessness and

RESEARCH ABOUT INTERIOR DESIGN FIRMS Paper Example | Topics and Well Written Essays - 1250 words

ABOUT INTERIOR DESIGN FIRMS - Research Paper Example The future of interior design will require an individual who has taken the course on textile basics. This course will provide me with a better understanding of the many types of fibers and the various designs that can be achieved by using man-made fibers. The course also teaches students the different stitch and knit methods that can be done manually; such skills will be vital in order to come up with signature designs. Surveys done across the design industry reveal that Americans will be residing in small spaces and fewer rooms within the next five years. Design professionals also note that formal rooms will gradually become extinct. Dining rooms will change to multipurpose rooms with small home offices; children study rooms and entertainment spots. Multipurpose spaces will be developed from separate rooms with the type of furniture in use being moveable, modular and smaller scaled. Dining rooms will give way to eat-in kitchens and technology will be heavily incorporated, for example; sensor and voice activation and spa baths. Low maintenance homes with real gardens will become prevalent. As a future designer, I will keep updated with such trends and keep designing future homes. This firm is named among the global leaders in mixed-use developments, retail design, built and natural asset design. Callison was started in the year 1975 and are based in Seattle. Callison offers retail and commercial services while specializing in graphic design, program management, master planning, entertainment and sustainable design. Residential designs, Callison creates designs that leverages the market potential; generate returns while meeting the client’s needs. Interior and architecture designs for the hospitality industry; hospitality field creates varying design challenges where they excel (Edwards). They have come up with a studio environment that equips them with the necessary skills to provide personalized attention Design Culture; Callison

Strategic Goals Within The Automobile Industry Management Essay

Strategic Goals Within The Automobile Industry Management Essay This Report looks the performance of Firm C against strategic goals within the automobile industry. We will be looking on how Firm C has used the strategic principles and theories in order to compete with other six automobile firms in same industry. Basing on the areas of study we can see how Firm C has managed to utilize the resources. Using simulation technology over a number of weeks the company used market information to inform strategy and monitor performance. In retrospect, as this report concludes, much more informed decision-making processes and governance would have assisted in ensuring the performance of the company and achievement of the mission of Firm C. However through this simulation game, individuals have managed to relate the theory they have learnt in class and apply them in the really field. A companys strategy is managements game plan for growing the business, staking out a market position, attracting and pleasing customers, competing successfully, conducting operations, and achieving targeted objectives. (Thompson, Strickland and Gamble 2005, p 3) As described Thompson, Strickland and Gamble (2005) who explained that for a company to have a sustainable competitive advantages, needs to have a differentiated products with features such as added performance , high quality and wider product choices. This is what Firm C tried to achieve by reducing cost of production so that the price of cars should go down, the reasons for this is to get to a wide range of customers. Therefore, the firm concentrate on the price sensitive category, value seekers, customers with more disposable income and fairly price sensitive customers. Strategy Thinking One of Firm Cs strategies was to have a first mover advantage. This can be defined as: an organisation that moves down the experience curve by getting into a market first should be able to reduce its cost because of the accumulated experience it builds up over its rivals by being first. (Thompson, Strickland and Gamble 2005) Firm C has done this by being one of the first firms to produce a new concept car and by being the only firm to focus more on quality and safety. Adopting the Boston Matrix, Kotler and Keller (2006), the company used market feedback to place products in the market into the appropriate categories and used this to inform investment decisions. Using market data (consumer and external trading conditions) the company contextualised their strategic decisions by understanding customer needs, available market spend and trends linked to the overall economy, such as affordability and luxury. One key strand to ensuring high performance was focusing the models produced on a core market, but to provide a number of models. This approach allowed a diversification of products without overstretching the companys range of products. This, in turn, would allow for marketing to focus on the core offerings of the products. Through focusing on the core market, and limited development of new products, whilst maximizing plant capacity and marketing, it was considered to be part of the long term strategy to offer a return to investors and increase the value of the company without compromising customer perceived valued of the products and brand. Short-Term versus Long Term Considerations All decision -taken on these six periods was to ensure the company is doing well in car manufacturing industry and keeps on meeting customers expectations. This would give a company to have efficient production and hence result to profit maximization. The Short-term investment in product development allowed minor upgrades to come to market quicker in response to customer demands for safety and quality above luxury. No long-term decisions were taken at the immediate outturn whilst the company assessed the long-term prospects. The long term was taken when there was a necessary change in what customers prefer and in order to go together with the technology changes. Firm C has one of the highest technology capabilities in terms of interior, quality and styling with the highest technology capability than any other firm in the StratSim world to produce safe cars. This is one reason that has made Firm C to have competitive advantage over other firms in StratSim world which has set our cars to be safest over all cars. Mission Vision Mission and vision can be defined as: A mission is a general expression of the overall purpose of the organisation, which ideally, is in line with the values and expectations of major stakeholders and concerned with the scope and boundaries of the organisation. (Johnson, Scholes and Whittington 2005, p 13) The firms mission is to deliver a long-term high return for investors over the lifetime of products Vision is an integral part of strategic management and adds value to the process by integrating the products of strategic planning into a coherent and meaningful whole. (Wilson 2003, p 65) The firms vision is to produce the safest cars for people who want to travel safely. External Environment Johnson, Scholes and Whittington (2005) explain that the growth rate in an industry may affect the degree of competitive rivalry in an industry. For example, in situations of growth an organisation might expect to achieve its own growth through the growth in the market place whereas when markets are mature this has to be achieved by taking market share from competitors. Another example is high exit barriers; high investment in non transferable fixed assets may also increase competition because there is likely to be the persistence of excess capacity. Within this exercise, Firm C benefited from the lower performance of rival companies in the earlier stages. This ensured that the market place was one where companies could grow a significant market share in the early periods. Following major production years (period 4 and beyond), the market became more competitive with other company output increasing at a time when Firm C were decreasing output and incurring additional costs through utilizing a lower percentage of production capacity without the associated decision to reduce manufacturing capacity. Other factors included general population wealth and market factors (GDP) and the sensitivity of oil prices, focusing consumers to look not just at the short term purchasing price of vehicles, but the longer-term running costs. This explains the greater interest in hybrid models as the exercise progressed. Low-end market for gas vehicles remained robust for those with purely a purchase price consideration; this benefited Firm G in the short term, although longer term investments and a reduction in dealerships as well as manufacturing capacity hindered the companys ability to meet market demand related to external factors. Internal Environment The internal environment within the company is much easier to maintain a longer-term strategy, as well as making short-term adjustments to meat company objectives. However, it is the control of the internal factors that proved to be the single weakness in the deliver of the company strategy. Thorpe and Homan (2000) suggest that cost efficiency is determined by a number of cost drivers: for example, economies of scale. This was a key consideration in reaching the top performing market share as low-cost production created value for consumers and permitted a higher volume of unit production sales. In periods 2 4, the company strategy appeared to be paying dividends. Stock value price was attractive to investors in the early stages due to a large dividend pay out and strong sales / production outputs, promising even greater returns as a result of a longer-term strategy and the companys market position. In many of the key indicators set out in the appendices, Firm C was indeed the market leader. This led the company to believe that the existing strategy was correct and to maintain investment in the key areas that were driving performance. However, a number of internal factors were changed that hindered the product lifecycle, including decreasing the number of dealerships that then prevent the sales of our star products. Additionally, an overproduction of a vehicle coupled with a move towards producing a new type of hybrid vehicle distracted from the core performance resulting in poor sales across the board. As a result of the poor sales, reactive marketing spend was increased to try to attract a formerly strong consumer based. This reduced the investment in research and development and plant capacity, in turn hitting the bottom line of the company. In effect, it was a rapid downward spiral of performance. This poor performance, slow sales, inefficient manufacturing, loss of market share (through dealership reduction) reduced the overall market value of the company and therefore the attractiveness to shareholders. Irrespective of the strength of the core product, the company allowed itself to become distracted from what was going well, onto a short-term reactive stance without out any return. One area not monitored was the percentage return on sales. This would have been a better indictor of the overall health of the company as opposed to market share or sales totals. By periods 5 onward, the company failed to take any meaningful decisions related to market intelligence, and was starting a rapid decline in all key indicators. By period 7, the decline of the company had seen it outperforming rivals to rival companies taking the market share and sales off Firm G, whilst the stock price collapsed. The inactivity, rather than the activity, in decision making was the most significant cause of the companys failure in these periods. Internal considerations and decision-making chronology are set out in appendix 4. Personal learning The textbook did provide many very useful theories which made decision making more measurable, for example, the strengths and weaknesses of the SWOT theory. This did not however take out the uncertainty of decisions such as which car will be the best option to produce first, one learned that this can be reconciled by playing it safe as to not produce the Hybrid car first which the firm thought everybody will see as a new opportunity and instead focused on a different car design and see what the strategic moves of the competitors will be and then react to that with a better version car. The purpose and the priorities of the firm was not clearly established from the beginning of the StratSim exercise, this made it difficult to set the firms objectives and developing steps to achieve objectives in the long term and short term. In retrospect, the corporate governance of the firm was not planned very well. The company should have worked out a corporate governance method by splitting the responsibility of decisions between the team members. For example team member 1 was responsible for the inventory of the firm and team member 2 responsible for the marketing and so forth. This way, a more in depth understanding of the StratSim world would have been the result. In contrast, the time management of the firm was in the beginning stages more managed, but towards the end of the StratSim exercise the cooperation of the firm disappeared, a personal lesson learned was to for future references, to agree on set times when decisions needs to be made. More research should have been done on how the StratSim world works and what requirements were necessary to perform well. For example, the firm did not plan the firm inventory very well, resulting in too little or too many cars being produced. Furthermore, plant capacity was in the beginning stages below 100,000: this increased the unit cost and decreased profits. Conclusion This report has set out the strategic goals and rationale for Firm C; this was explained by giving an explanation for the short and long-term goals and decisions that was taken to gain a share in the vehicle manufacturing industry. The performance of Firm C started out healthy but because of poor informed decision-making processes and governance, the performance of Firm C radically declined and resulted in the failure of the firm to realise their mission which was to become one of the biggest car manufacturing firms in the StratSim world. The decisions the firm took reflected a reactive management style as opposed to a proactive one, for example with the inaccurate inventory control which saw the firm producing too little or too many cars and reacting to competitors decisions as appose to developing steps to become the market leaders. Strategic Models that were available for example, the Boston matrix, the product lifecycle and Value chain were never completely integrated into the companys decision-making which resulted in uninformed decisions been made, with consequences that resulted in shareholders loosing an interest in the firm and sales spiralling downwards. Reference Arthur, A., Thompson, Jr., Strickland, A. J. and Gamble, J.E. (2005) Crafting and Executing Strategy, 14th Edition, New York, McGraw-Hill Irwin Johnson, G., Scholes, K. and Whittington, R. (2005) Exploring Corporate Strategy, Text and Cases, 7th Edition, Essex, Prentice Hall Kotler, P. and Keller, K.L. (2006) Marketing Management, 12th Edition, New Jersey, Prentice Hall Stacey, RD. (2000) Strategic Management and Organisational Dynamics, 3rd Edition, Essex, Prentice Hall Segal-Horne, S. (2001) The Strategy Reader, Oxford, Blackwell Business Thorpe R. and Homan G. (2000) Strategic Reward Systems, Essex, Prentice Hall Wilson, I. (2003) The Subtle Art of Strategy, London, Praeger Appendix Final Results Decision Summary: Firm C, for Period 6 Technology Capabilities Interior Styling Safety Quality Curr. Expenditure (mill.) $240 $330 $399 $412 Product Development Dev Ctr Project Class Status Size HP Int Sty Saf Qua Curr Exp 1 Cameo Economy upgr: launch Per. 7 22 135 5 5 5 6 $129 2 Cafav Family upgr: launch Per. 7 28 155 4 3 5 4 $124 3 Crash Truck upgr: launch Per. 7 77 230 3 6 5 4 $124 Total (mill.) $376 Consumer Marketing Budget (mill.)   Regional Corp. Adv. $40 Direct Mail $3 Public Relations $8   Ã‚  Total $51 Direct Mail Targets:  Value Seekers(1), Families(2), Singles(3), High Income(4) Product Marketing Vehicle Platform MSRP   Dealer Disc.  Ã‚   Adv.   (mill.) Adv. Theme Promo. (mill.)  Ã‚   Cafav No Change $20,350 15.0% $70 Safety $60 Cameo No Change $13,500 18.0% $70 Styling $55 Crash No Change $21,598 16.0% $65 Interior $50 Total $205 $165 Plant Capacity Current Capacity (000s) 3,050 Capacity Change (000s) 0 Vehicle Production Vehicle Previous Sales  Ã‚   (000s)   Current   Inventory (000s)   Scheduled Production (000s)  Ã‚   Flexible Production Retooling Costs  Ã‚   (mill.)  Ã‚   Cafav 660 0 660 X $0 Cameo 605 0 605 X $0 Crash 442 8 450 X $0 Total 1,707 8 1,715 $0 Dealerships North South East West Total Dealer Inc./Dec. 0 0 0 0 0 Training and Support (mill.) $3 Financing Amount ($ mill.) Bonds Issued $60 Stock Repurchase $50 Dividends Paid $100 Bonds Issued Issued Amount (mill.)   Rate  Ã‚   Status Period 4 $10 8.5% callable in 1 year Period 5 $60 9.0% callable in 2 years StratSim Ind:ind1 Firm:c Period 5 User gre9313

Progress and Innocence in One Hundred Year of Solitude Essay -- One Hu

Progress and Innocence in One Hundred Year of Solitude   Ã‚   One Hundred Year of Solitude by Gabriel Garcia-Marquez projects itself among the most famous and ambitious works in the history of literature. Epic in scope,  Marquez weaves autobiography, allegory and historical allusion to create a surprisingly coherent story line about his forebears, his descendants and ours. It has been said that there are only about 18 or so themes that describe the human condition. This quote was made in reference to Shakespeare, and posited that all of the books and movies that we digest and assimilate can be shown to have their roots in these canonical themes. In Cien Anos, Marquez addresses several of these themes in the subtle and interlocking ways that they deserve. This paper will concentrate on two interrelated themes: progress and innocence. In its exploration of these concerns, this novel provides no less than a rendering of the trajectory of human evolution. Loss of innocence is a time-worn theme in the literature of every culture. It traditionally takes the form of some type of epiphany visited upon an unsophisticated character as she grows up and encounters the larger world. The focus of this theme is normally personal, in the point of view of an individual, or the omnipotent third person account of the reaction of an individual. While this aspect can be found in the novel, it additionally explores the loss of innocence of a family, people or race, called estirpe in the original edition. In the Western sensibility, the march of progress is normally deemed positive and inevitable. In recent Western history, from the Middle Ages forward, successive improvements in the spread of knowledge, dissemination of culture, and the av... ...s of Solitude." In McGuirk and Cardwell, 65-79. Griffin, Clive. "The Humour of One Hundred Years of Solitude." In McGuirk and Cardwell, 81-94. James, Regina. Gabriel Garcia Marquez: Revolutions in Wonderland. Columbia: University of Missouri Press, 1981. McGuirk, Bernard and Richard Cardwell, edd. Gabriel Garcia Marquez: New Readings. Cambridge: Cambridge University Press, 1987). Martin, Gerald. "On 'magical' and social realism in Garcia Marquez." In McGuirk and Cardwell, 95-116. Williams, Raymond L. Gabriel Garcia Marquez. Boston: Twayne, 1984. Williamson, Edwin. "Magical Realism and the Theme of Incest in One Hundred Years of Solitude." In McGuirk and Cardwell. 45-63. Wood, Michael. "Review of One Hundred Years of Solitude." In Critical Essays on Gabriel Garcia Marquez. McMurray, George R., ed. Boston: G. K. Hall, 1987.      

British Airways Management of Company Finance

Ahoussou kouadio Jean Christian Student number: 2522706 Management of company finance Analysis of the financial structure of British Airways Name of professor: Tony Kilmister British airways is one of the most valuable company in the world that is why I choose her. With the aim to evaluate the proportion of debt in British airways, we will study his financial gearing: income gearing and capital gearing. In order to calculate the company’s capital gearing according to the book value, we need especially the value of the long-term and short-term borrowings and the value of shareholders’ funds. But, there is several different formulas which arises some issues: the fact that the book value is lower than the market value (the first formula) and provisions can be considered either as liabilities or assets (the second formula), depending on firm. Then I will calculate the Weighted Average Cost of Capital. In 2004, the way of doing the balance sheets changed that’s why there are some differences between two reports. Part ——————————————————————————————1 Measure of the gearing and income ratio Part —————————————————————————– ————-2 Measure of the debt and equity based upon the market value Part ——————————————————————————————3 Estimation of the WACC. I) Measure of gearing and income ratios We will take those expressions: 1. Debt to equity ratio=Long term Liabilities/Shareholders’funds 2. Debt to debt plus equity ratio=LTL/(LTL+ Shareholders’funds) 3. Long Term Borrowings/Shareholders’ funds a) Gearing Ratio Capital Gearing = LTL / Shareholders' Funds    |2006 |2005 |2004 | |Capital Gearing |259. 75% |437. 6% |590. 7% | To set an upper rati o; we can incorporate the LTL at the shareholder value. Capital Gearing = LTL / (LTL + Shareholders' Funds) |   |2006 |2005 |2004 | |Capital Gearing |72. 2% |81. 4% |85. 5% | The provision are incorporates in those 2 formulas. We can consider that the provision can be take as liabilities (highly certain) or as equity (ultra-prudence). Capital Gearing = Long Term Borrowing (LTL – provisions) / Shareholders' Funds |   |2006 |2005 |2004 | |Capital Gearing |193. 5% |341. 4 % |475,40% | Net Debt: Net debt = (Finance debt – cash and liquid resources)/ Equity For British Airways, Net debt = (loans, finance leases and hire purchase arrangements + Convertible Capital Bonds, net of other current interest bearing deposits and cash and cash equivalents – overdrafts) British Airways' definition from the annual report 2006) |? million |2006 |2005 |2004 | |Capital Gearing |1641 |2922 |4158 | The figures of long term liabilities are higher than the net debt that explain the fact that the ratios are different; The company health seem less vital, because of the cash and those equivalent, and deposits. Overdrafts are not representing a big amount, we include them. Since 2004 a policy of high liquidity is developed in order to reduce the debt, they tried to repay the debt earlier. The debt are reduced by the conversion of the 112 millions of convertible bonds. â€Å"The ? 320 million 9 3/4 per cent Convertible Capital Bonds 2005 issued in 1989 matured on June 15, 2005. On that date 47,979,486 ordinary shares were issued in exchange for 112,317,274 Convertible Capital Bonds on the basis of one ordinary share for every 2. 34 Bonds held† (British Airways Report 2006). The capital gearing of the company is around 65% in almost all gearing indicators and more in som of them, as a conclusion we can say that the financial statement of the company is risky and more the company is weak due to the payment on the debt. We can also highlight the fact that British Airways is finance by debt. Its has a important amount of lease and purchase arrangement, which exceeds the bank loans. b) Income Gearing This ratios show us the security of creditor’s fund and the debt exposure. While using Income Ration we highlight the relation of the company’s income and its interest commitments. Income Ratio = Interest payable / Profit Before Interest and Tax |% |2006 |2005 |2004 | |Income Gearing |0,17 |0,26 |0,87 | Interest are taking a lower place in the profit (strategy reduction of debt). In fact, we use the Interest cover to see if the company can meet its interest. Interest cover = Profit before interest and tax / Interest charges |Times |2006 |2005 |2004 | |Interest Cover |5,79 |3,80 |1,15 | The company can afford her interest. 1) Because of the decrease of the amount of debt, 2) The profit before tax and interest increased by 269%, the risk is less important. We can also use another formula, which gives a better image of the finance. It based on the fact that cash has not been received. As a conclusion we can says that: :British Airways reduced its long term debt by 28. 5%, and keep their interest payment low and increase the PBIT strongly. From the shareholder point of view, the company takes high risks so they have a good return on investment although reduction of the debt of the company makes the rate of return lower and lower. II) Measure of the debt and equity based on the market value a) Value of Equity Share Price*:Number of Shares*: 2004: ? 2,181 083 845 000 2005: ? ,941 082 903 000 2006: ? 2,791 130 882 000 *I took those which were in the report. *The difference in the number of shares between 2005 and 2006 is the conversion of the 112 millions of Convertible Bonds into 47,979,486 shares. The value of equity is now: |? |2006 |2005 |2004 | |Value of Equity |3 155 160 780 |2 100 831 820 |2 362 782 100 | b)Rating: Value of Debt [pic ] The rating shows that the company take risks for financing because she invest in high return share in the junk bond or high yield market those are really unstable. This means that the company is highly financing by debt, investor need an important rate of return regards to the risk of non payment. In spite of that, British Airways’s main source of external funding is less sensitive to credit rating than the unsecured bond. The impact of the credit ration is not important for some parts of the debt. We will use the faire value of the debt to calculate the market value of debt. Because of the â€Å"†fair values of the Euro-Sterling notes and Euro-Sterling Bond 2016 are based on the quoted market values at March 31, 2006. The fair values of floating rate borrowings are deemed to be equal to their carrying values. † British Airways Report Example in March, 31st 2006: [pic] Market value of the debt is: |? million |2006 |2005 |2004 | |Market Value of Debt |4 130 |4 682 |5 954 | |Book Value of Debt |4 081 |4 492 |5 716 | The problem is: Those market values are blending the current liabilities. In the purpose to respect the ratios made before, I will deduct with percentage the current liabilities. The new market value of debt is: |? million |2006 |2005 |2004 | |Market Value of Debt |3645 |4216 |5244 | |Book Value of Debt |3 602 |4 045 |5 034 | There is the a market where Debt are trade daily, that explain the difference between years. ) Measure of gearing based on market values We use here the gearing ratio to compare the book value and the market value of the company: Capital Gearing = LTL / Shareholders' Funds |% |2006 |2005 |2004 | |Capital Gearing |115,5 |200,7 |221,9 | We can make a second ratio in order to set an upper limit: Capital Gearing = LTL / (LTL + Shareholders' Funds) % |2006 |2005 |2004 | |Capital Gearing |53,6 |66,7 |68,9 | Figures are lower than the one we made with the book value. The equity are valued in the book value at 25p whereas in the market value at an average price of the three years at 230p This divergence makes the ratios lower, thus with the b ook values the company seems to be less indebted and also less risky to investors. III) Estimation of the Weighted Average Cost of Capital (WACC) a) Cost of Equity To estimate the cost of equity, we can use two ways: 1) the dividend valuation model 2) the Capital Asset Price Model (CAPM). In this case, we can not use the dividend valuation model because the company did not distribute dividends since 2001, so the cost of equity will be 0 that would lead to irrelevant results. British Airways has not distributed dividends because: -They wants to strengthen the balance sheet by making new investment, then it invests into the company Quantas and also into the 5th Terminal in Heathrow. British Airways is the 13th highest performing company out of the 93 FTSE 100 companies remaining for the performance period April,1st 2003 to March, 31st 2006. The board of director indicated that the payment of dividends will be resumed at an appropriate time. To calculate the cost of equity, the CAPM is the only model available: Ke = Rf + ? (Rm – Rf) Rf ( the risk-free return; Rm ( the market risk; ? ( quantitative measure of the volatility of a given stock, mutual fund, or portfolio, relative to the overall market. A beta above 1 is more volatile than the overall market, while a beta below 1 is less volatile. For British Airways, the Beta is, for the three years, 0,91. The risk-free return can be found in the website of the Bank of England for each years and the market risk is the caps of the FTSE 100 of year N less years N-1 divided by the caps year N-1: (Caps N – caps N-1) / caps N-1 The risk-free return rate is: 2004: 4,75% 2005: 5,1% 2006: 4,2% The market risk is: |   |31. 03. 2006 |31. 03. 2005 |31. 03. 004 | |Caps FTSE 100 |5964,6 |4894,4 |4385,7 | |year N – year N-1 |1070,2 |508,7 |772,4 | |Market Risk (%) |21,87 |11,60 |21,38 | The Cost of Equity using the CAPM is: |% |2006 |2005 |2004 | |Cost of Equity |20,1 |10,9 |19,7 | ) Cost of debt In order to obtain the cost of debt, the best ratio is to divide the interest payable by the debt: |% |2006 |2005 |2004 | |Cost Of Debt |2,62 |3,01 |3,50 | They leads to the same conclusion decrease in Debt and interest. We can add that no debt has been taken in 2006. All the purchase have been made by internal cash flow. c) The WACC The Weighted Average Cost of Capital is used to measure the cost of capital. The formula is: Ko = Ke (Ve/Vo) + Kd (Vd/Vo) Where: Ke (the cost of equity Ve (the value of equity Kd (the cost of debt Vd (the value of debt Vo (the total value of the firm: |? million |2006 |2005 |2004 | |Vo |7 236 |6 593 |8 079 | The WACC is: |% |2006 |2005 |2004 | |WACC |10,08 |5,41 |8,04 | The amount of Debt decreased but the WACC stay in the average, that because of the high level of the cost of equity. 2005 is discernible by a share price lower than the two other years. This leads to a lower shareholders' funds and also an higher influence of the debt’s drop, therefore the lower WACC. However, the CAPM have some limitations. – He is based on several assumptions: – The investors are rational and risk-adverse who set a level of risk. – The investors have the same single-period planning horizon. – The investors have homogeneous expectations on the future yield. The investors can borrow and lend unlimited amounts at a risk-free rate. – There is neither taxes nor cost of transactions – The investors have all an efficient portfolio which maximize the yield, for a level of risk given. Whole of efficient portfolio form a curve called the efficiency frontier†¦ To conclude, from the point of view of market value, we can say that British airways succeeded to face its commitments in term of debt and equity. Indeed, they took advantage of an increase in share price. The repayment of share allowing to reduce the gearing in debt capital.

What is up in the mind of a man

What is up in the mind of a man Thesis Statement A man is not as complicated as he actually appears, all he needs is to feel secure and to have the feeling that he can believe in his woman totally.Advertising We will write a custom research paper sample on What is up in the mind of a man? specifically for you for only $16.05 $11/page Learn More What does a man want? A man loves looking out for his women, to the point that he can pamper his manliness, just the same way he looks up to women who appear confident and strong, emotionally. When a woman runs to her man when encountered with problems every now and then, the man might show sympathy and even offer a shoulder to cry on, but this does not last for long. It is good when the woman shares her problems with the man and together they work on solving it, however, it is important for the woman to know when it is too much, as it is due to this reason that many relationships fail. Thus, when a woman learns to solve problems by herself it makes her man proud of her (Lewis 59). In addition, just like women, a man loves to be looked after. A wife or a girlfriend should know that her man’s mother, looks at him like her baby. The man can deny it as much as he can, however, he loves it when his mother is around, and when he looks for a girlfriend or a wife, he looks for one that has the same, or almost the same qualities like those of her mother. That is the reason some men are referred to as, ‘mamma’s boy’ (Barker 85). A man also enjoys it when his woman balances pampering him with competition and excitement. Furthermore, it is hard for a man to guess what his woman wants. This is because the levels of intuition in him are not the same as those of the woman (Geraldo 27). It is then advisable for a woman to tell her man what she is thinking as opposed to letting him discover all by himself. It might never come to that, and so the woman should do it to avoid feeling miserable. Regardless of his intuit ion being poor, a man knows it when his woman is manipulating or controlling him (Geraldo 27). When a woman resorts to manipulative and controlling games, her man usually starts blocking his feelings or sometimes hides them. This most of the time causes violent explosions or emotional breakdowns. In order to be happy and maintain happiness in a man when in a relationship, the woman should be considerate and honest. When respected, a majority of men are capable of being amazing individuals. Moreover, a man always needs his space. It is good to respect that. A woman should give his man enough space to breathe as well as do the things that guys do. It is good to let him indulge with his boys during his night outs. Ultimately, if he is in a relationship that is secure, he will all the time long for his woman’s comfort and snuggle, and will desire to go back home to her.Advertising Looking for research paper on psychology? Let's see if we can help you! Get your first pape r with 15% OFF Learn More Men and women are from different planets, and this may be the reason why many relationships work. A man and a woman can be compared to two lines, that despite being straight, intersect somewhere at the end. One cannot do with the other, and one cannot do without the other. Indeed, this can be considered one of creations lovely piece (Batthyany et al 180). What is in the mind of a man regarding Love and Respect Women want to be loved. A woman wants to feel that she is loved every time and if she is not regularly reminded, (not just by words, but also emotionally) she tends to feel like she is unwanted. This is in contrast to how a man feels. When it is true that he wants to be loved, respect is more important to him. A woman should never question her mans position in the house (Geraldo 39). That shows disrespect and it becomes equal when the man fails to show love. A woman should never disrupt when the man is correcting the children because t o the man it signifies extreme disrespect. What a man thinks about Sex A man desires to be desired truly, by means of sex. When a woman makes a man feel like she is making love to him just because it is an obligation, it really turns the man off. This is because most men are satisfied when they know their women are satisfied. That way they feel more confident. When a man is rejected, it becomes very hard for him. He thinks that when he is told no to sex, it is just the same as being told he is not wanted all together (Lewis 72). The image in a man’s mind A woman can see a good-looking man and forget it within a very short time. Men, alternatively, tend to store images in their ‘pictorial’ memory. When they notice a pretty woman, the image can be kept in their mind’s hard drive, for several months. This is not their fault as it is how they are created. It is the basic reason as to why women are advised to dress modestly. What men want when they look at porn ography is not necessarily the body of the woman, but the woman’s face. This is because the eyes of the woman have the look that says ‘I want you’, which is what they desire, to be wanted and needed (Gurian 129). What is in a man’s mind about a woman’s outfit? Many men will deny it when asked of what they find admirable amongst a woman’s outfit. However, a man is best identified as the ‘sex visual’ (Hasan 129). According to Imam, to a man, what a woman is putting on can be used to know what kind of woman she is. During a man’s adolescence, a man undergoes a moment whereby he starts to develop a liking for a particular type of dressing in a female.Advertising We will write a custom research paper sample on What is up in the mind of a man? specifically for you for only $16.05 $11/page Learn More Some men prefer women in underwear with no-frills because they consider such women confident as they let their bodies speak for themselves. Others like it when a woman is in lingerie, mini-dresses, and heels. Overall, men’s preferences are due to their uniqueness (Gurian 130). While a woman is inclined to hide what she perceives as an imperfect body, a man does not see that as important. Imam identifies that a woman might see another woman’s body as imperfect, while a man fails to notice that, but notices a woman in whom he has fallen for. Unsurprisingly, all men tend to be the same in one thing, they admire a woman’s clothing that does not only bring out the woman’s shape, but also the curves that come with it, which bring out the femininity in her, thereby pleasing what they see (Leman 178). What a man admires seeing a woman putting on Imam identifies that, a man likes to see a woman in tight jeans, pencil skirts, and tight dresses. This is because a man likes to perceive that under those clothes is a body, no matter how imperfect it is (Barker 92). Jumps uits and belted dresses are also their popular choices. To Imam, most men like it when a woman is putting on a classic fitting black dress. If its casual wear, then it has to be fitting such that the body shape is noticeable. If she opts for jeans, then they have to be the skinny ones, but have to be worn together with shoes that are high, as opposed to flat. A simple vest is also considered nice on a woman. If she opts for a top, men like it when she leaves a bit of her cleavage out. Some men consider seductive underwear to please in parties. Most men like heels because they think that they enhance height, and most of all, flatter the body, when a woman is walking. The most admired shoe to men is the ‘almond’ toe. Some men find jewelry on a woman attractive, however most men do not like it when a woman wears so many of them. Many will find it attractive when a woman puts on simple earrings, necklaces, and bracelets. However, women with so many piercings are disliked as they are considered, prostitutes. What a man dislikes seeing on a woman Men hate women in gladiator sandals. This is because they consider them as outdated. Tunics and smocks are considered as a big ‘no’. Generally, any long garment that camouflages, hides, or shrouds according to many men, makes a woman appear pregnant. Capri pants are considered to make a woman look stupid. Oversized shades are considered as â€Å"ridiculous.† Wearing plenty of makeup is considered an enormous mistake. No man prefers a woman who has a lot of make-up. In fact, many of the men consider women being most attractive to look at when they are somewhat undone. What a man thinks According to Imam, the following is what the outfit of a woman says to men. Imam identifies that to a man, a woman who proclaims of wearing designer clothes is insecure or just shallow minded. Some men consider women who find labels as a priority, to be lost. Consistent to Imam, some flee when they notice a woman with designer tags, as they get worried about their balance on their credit cards, in case they start dating. Most men consider women with high heels as â€Å"high-maintenance† (Leman 182).  To a woman, stilettos are a source of power and encouragement. However, in a man’s mind he wonders how much fun she can be having standing while balancing on a six-inch bar. Some men are even worried when walking on the streets with their women on the six-inch shoes as they walk supporting them, so as not to twist their ankle. In the man’s mind at that moment is the worry of having to spend all the night inside the emergency room. Though some men find it appealing when a woman puts on sexy clothes the environment and circumstance where she puts them on is important to them. Some are worried about their prospective dates wearing minis on an outing with their colleagues because they are worried of how their colleagues will judge them. To a man, according to Imam, red lips are a symbol of a powerful, contented, and competent woman. A man is so much attracted to a woman with red lipstick such that when he looks at them he just waits for her to say anything, and he obliges. A man knows best, the way a woman is required to dress since he fantasizes about a woman every time. The clothes that a woman puts on, to a man, define the kind of lifestyle she leads, how confident she is with her body, and therefore how much she can expose. In addition, the classiness and fashion of a woman, to a man, can be defined by her hairdo and makeup. Moreover, the taste and kind of personality that she has can be defined by the choice she makes when it comes to cologne and heels. A woman who is aware of the way to carry a ‘powerful dressing’ in a womanly way is found to be extremely hot, by a man (Hasan 133). A woman in male dress tops to a man is beautiful and powerful. In addition, she is found seductive and feminine. Imam identifies that the women in t hese kinds of clothes, to men, are clever and have great elegance. They are aware of how to command a situation no matter how hard (Geraldo 52) Men like seeing women in a 4-inch maximum heel. They consider anything longer than that weird. However, despite being in fashion nowadays, women in jumpsuits are disliked. In addition, women with lighter shades of makeup and a slight contour are found fascinating. In accordance to Imam, men do not like a woman who puts on so much foundation on their face, and puts on very funny hairstyles (Geraldo 54). Overall, when a man likes a woman, he likes every bit of her. He also wants her to appreciate herself. Therefore, to a man, if a woman puts on garments that do not reveal her shape, the man worries that she might not be comfortable in it, and thereby loose her natural beauty due to embarrassment.Advertising Looking for research paper on psychology? Let's see if we can help you! Get your first paper with 15% OFF Learn More The most beautiful thing to a man regarding a female is the body, its lines, and silhouette (Gurian 157).So, men do not like when women cover themselves so much. However, a woman should wear what she feels comfortable in, and her man will appreciate it. In the end, a woman should appear her best. If one is comfortable in her skin and her body, she is on a captivating streak. Any messages a man might read on a woman’s clothing can be outmoded by her inner glow, a smile, coolness, as well as poise. What a man thinks about a relationship In case a man fails to give a name to repeated intimate and social interactions, it is a simple sign that he is unprepared for a long-term relationship. For a majority of males, a title comes with a lot of pressure, accountability and responsibility. When couples fail to live according to the expectations arguments are bound to occur, and eventually, the relationship, for one or both partners, can lack fun. In such a situation, it becomes import ant for the woman to evaluate how she sees herself in the man’s future. This is because in relationships (mostly those that have been there for sometime) dramatic, intense, and life altering circumstances, can occur anytime. This is the reason a majority of the men prefer the ‘friends with benefit’ situation (Hasan 176). Consequently, as most men get bored with such kind of a relationship, the outcome depends on the woman’s decision as to what kind of relationship she wants. If she wants the ‘friends with benefit’, or a concrete relationship then it is her choice to make. Either way, the woman cannot force the man to do something, which he has not made up his mind to do. Barker, Geoff. What is on a Mans Mind: What Every Woman Needs to Know. Sydney: New Holland, 2006. Print. Batthyany, Alexander, and Avshalom C. Elitzur. Mind and Its Place in the World: Non-reductionist Approaches to the Ontology of Consciousness. Frankfurt: Ontos, 2006. Print . Geraldo, Sam. A Womans Guide to the Male Mind: Mens Real Views on Dating, Mating and Sex. Bloomington, Ind: AuthorHouse, 2011. Print. Gurian, Michael. What Could He Be Thinking?: How a Mans Mind Really Works. New York: St. Martins Press, 2003. Print. Hasan, Servet. How to Read Any Mans Mind. Bloomington, Ind: AuthorHouse, 2004. Print. Imam, Zurain. What men want women to wear? August 22, 2012. Web. https://tribune.com.pk/story/423410/whats-on-a-mans-mind/. Leman, Kevin. Making Sense of the Men in Your Life: What Makes Them Tick, What Ticks You Off, and How to Live in Harmony. Nashville, Tenn: Thomas Nelson Publishers, 2000. Print. Lewis, Lonnie J. Mans Mind: Wouldnt You Want to Know? Sal.: Trafford On Demand Pub, 2011. Print.

buy custom Internet and the Social Skills of Teenagers essay

buy custom Internet and the Social Skills of Teenagers essay Internet use is very vital in the current life (Valenti, Lacovelli, 2009). It has an enormous store of information that can be used by different people. Most parents encourage their offspring to use it in order to learn new information. This is because they believe that their children can be educated through the information that is available in the Internet. This has led to a large reliance on the Internet by many teenagers. However, the parents have never perceived the negative effects of the Internet dependence. Though being very informative, the Internet has very many challenges for the teenagers (Romer, 2011). The research paper explores the effect of the Internet addiction on the social skills of the adolescents. This is achieved in two major ways. There is an analysis of the relationship between the Internet addiction, and the attention deficit and the hyperactivity disorder (ADHD), depression, social phobia, and hostility (Cheng, 2007). Sex differences among the adolescents are also evaluated before a conclusion is made. Internet addiction results to ADHD symptoms. It is one of the most common psychiatric disorders. This is a mental disorder that is characterized by an increased sensitivity to get reward. Teenagers with this problem normally derive their satisfaction from the Internet only. They have a feeling of controlling what is around them (Romer, 2011) ADHD victims are also notorious of fighting for freedom of self- expression. It is reported that adolescents who play more console or Internet video games have higher level of the ADHD symptoms. Depression is another effect of the Internet dependence. It is a situation where someone resorts to an activity that is highly affective to his or her behavior, thoughts, and feelings (Lebow et. al., 2011). The teenagers adjust their emotional condition by the use of the Internet. They are convinced that the use of the Internet is less harmful, and more available than some of the illegal substances. The results presented in the Cyber Psychology Behavior journal shows that adolescents with the Internet addiction have higher depressive levels. These youths feel imperfect in their real life. They try to hide this truth using the Internet. They believe that they can get positive feeling, and control of pleasure from others through the Internet (Whang, 2003). Social phobia is yet another effect of the Internet addiction on teenagers. This is a state of intense panic of social situations. It is usually accompanied by the fear of being evaluated by other people. The study revealed that the teenagers, who heavily depended on the Internet, had social anxiety. The adolescents find themselves hiding more and more in the cyber surfing, than being with the other people. This is because they fear that they may bee scrutinized by the public. Hostility is a major social effect of the Internet addiction. It is an internal angry rejection of the reality. It involves the thoughts and ideologies, which are not in line with the human life or norms. This disorder is characterized by conflict, rejection, and tension. The teenagers with high level of hostility often engage in interpersonal conflicts, and denial (Valenti, Lacovelli, 2009). In most cases they do not have means for self expression. They therefore resort to the use of the Internet in order to escape from stress, and reality of life. This is very risky, and the social skills of such teenagers are spoiled. In comparison, the Internet addiction differs for both the male and female. Male adolescents with high hostility need much more proper attention and patience in preventive measures, than their female counterparts do. The study also shows that male teenagers are more likely to have Internet addiction than the females, even if there are controls. This is because the females are under closer family supervisions, than the males are (Yen, 2007). In conclusion, the paper has evaluated the major effects of the Internet addiction on the social skills of teenagers. It has also shown that male teenagers are more vulnerable to the threat, than females. Corrective measures are required in order to help the teenagers live in the real world. Buy custom Internet and the Social Skills of Teenagers essay

Ethical sourcing in retail industries and the problem of sweat shop Essay

Ethical sourcing in retail industries and the problem of sweat shop labour - Essay Example Only with the consumer’s strong convictions can this movement be taken ahead and for this communication of ethical issues including their damaging contribution to environment needs to be highlighted. The expansion of civilizations has been largely based on trading practices. Trade and Commerce have been drivers of extension of territorial forays in the past and, in modern days, with the royalty become defunct, even extinct in some cases, the role has been ably taken over by large companies, the Multinationals. The twin objectives of war for territorial gains of the former kingdoms and the present day Multinational remain the same; expansion of markets to cater to larger populations and obtaining cheap labour for work from the new territories. Whereas formerly they made use of slave labour, often not caring about their survival, today they pay subsistence or even less for running their factories and establishments. All the high talk of Human Rights is meant for conference tables and for the populations of the victors and not the vanquished. In the present context the Multinational need to expand their markets and in search for consumers globally they are attracted by the huge populations of the developing or the under-developed world. They take advantage by offering them the goods that they have developed for their own affluent populations. However where they face the possibility of lower sales due to the high prices they tend to manufacture their products locally for local sales at lower prices compared to their home markets. The other angle to the story is that when they face competition from their rivals who are as big and as powerful, they need to lower prices to face such competition. The obvious way out is again to manufacture their products in the underdeveloped or developing markets at lesser cost and consequently be able to lower prices to their home markets. With the demise of colonialism democracy became the chosen form of governance, barring

Hospitality Business Development Essay Example | Topics and Well Written Essays - 1500 words

Hospitality Business Development - Essay Example This paper illustrates that since the mid-1960s, Swire Group was running chains of hotels that offered its excellent services. The hotel offers quality services to its large clientele by serving healthy cuisine, offering lodging and conference facilities, as well as an offering outside catering services. In 2013, the total annual revenue for its classical services was in the excess of 1 billion US dollars for their Taiwan, Hong Kong, USA and China branches in. Swire Group is also involved in the logistics and cold storage and is renowned for having the largest refrigerated warehouse in Hong Kong. In both empirical and conceptual studies that involve business strategy, the repercussion of the business environment  is  a critical contingency factor at the hotel. The performance of any environment is pegged on its strategic position. In strategic management literature, one major concern is the manner in which organizations adapt to the strategic environment. This depicts the way in which companies attempt to fit properly within the business environment where they can operate amidst changes that happen in the corporate strategy. According to Wagen and Goonetilleke, strategic business environment leads to strategic analysis. A strategic analysis looks into the industry deeply as well as the organization’s operations that enable the management make successive decisions. Analysis of an organization should take place when carrying out a strategy to acknowledge the factors that influence the profitability of an organization. Analysis can either be external or internal.Additionally, internal and external analysis can be categorized into micro-environmental and macro-environmental.