Monday, September 30, 2019
Being a Rich and Fabulous CEO Essay
CIMB Wealth Advisors (CWA) was incorporated in 1990. Since then, they have becoming among the top ranking in the wealth management and financial service industry. It provides a complete financial system with comprehensive solutions for wealth management for their client. On June 6 2013, CWA team successfully carried out a career talk for the student of INTI International University & College, Subang Jaya. Everyone can take part in this career talk especially to those who taking business course. The talk started at about 2:30pm with the master of ceremonies by one of our college student. She gave us a short background of the talk later. The MC then introduced the Vice president of CWA, John Lau. He started to explain to us the topic of the talk. The title of the talk was ââ¬Å"Being a Rich and Fabulous CEOâ⬠. The purpose that having this talk with everyone is telling us the way and tips to become a successful CEO although just a normal business man. Firstly, he explain to us whatââ¬â¢s CWA helping to us. He also let us know how much income that every level class of worker or manager earning every year. Beside that, he told us need to set a goal for our future. Instead, he let us know what attitude and personality that every successful person that must have. For example, do not order others people doing something else, but the best one is listens to the comment or feedback and do something on it. Every successful CEO or leader must listen to others in order to let other people to listen on you. Become a CEO was a dream of every human, but dream without action, dreams still remains dreams. The speech was finish in 35mins. After that, we having the ââ¬Å"role playing gameâ⬠. We separated to few small groups. The rules was create a new company with one CEO. CEO must be chosen in one of us inside the group. Then, we have to create a new plan for our company. Beside of that, the plan must be persuade the judges to sign up for our plan. The power of teamwork has shown when we giving our best idea to each other. The ability and the spirit of leadership are important for group or maybe a company. This talk help us a lot in what are the ways we need to do when we graduated and also planning our future from now on. There is no such thing as a free lunch, so we must start from the low.
Sunday, September 29, 2019
Com/156 Assignment 6 Week 1
Week 6 Assignment 1 COM/156, Lindy Hatten There are several instances of naturally occurring substances that have positive medicinal benefits, which easily outweigh the negative effects of the drugs. Parts of the Cannabis plants are a very obvious example; there are currently seventeen states that have legalized medicinal marijuana for use by patients with a qualifying medical condition that has been evaluated by a physician.Cannabis is safe and effective at treating peripheral neuropathy, which causes great suffering to HIV/AIDS patients. Cannabis is also very effective in alleviating the pain and nausea caused from many other medical conditions and/or the treatments, such as chemotherapy, which is used to treat many forms of cancer. Recently, the use of cannabis in treatment of hepatitis C also has shown to have alleviating abilities for underlying conditions.According to a study conducted in 2006 by a research group in northern California, marijuana-using patients were three times more likely to clear the deadly virus from their bodies. Another naturally occurring substance that has shown medicinal benefits in recent clinical trials, conducted in the UK in 2006, is psilocybin, which is found in several types of mushrooms, but most notably the Psilocybe genus. Mushrooms containing the psychoactive alkaloids are often referred to as ââ¬Å"magic mushroomsâ⬠due to their hallucinogenic properties.Researchers have found that the active chemical in these mushrooms can have curative properties for those who suffer with a very painful form of headaches known as cluster headaches, or as they are sometimes known suicide headaches, due to the number of suicides amongst sufferers from the high level of pain. The study concluded with the observation, ââ¬Å"Our observations suggest that psilocybin and LSD may be effective in treating cluster attacks, possibly by a mechanism that is unrelated to their hallucinogenic properties.This report should not be misinterprete d as an endorsement of the use of illegal substances for self-treatment of cluster headaches. â⬠A more recent study lead by Dr. Robert Carhart-Harris concluded that previous results are consistent, and also that psilocybin helped to reduce the amount of activity from the mPFC neurotransmitter, which plays a significant role in depression. The medicinal effects of psilocybin are very similar to several depression treatments available.While the promise of psilocybin treating these headaches is still a long way away from any sort of legal medical use, this is a step in the right direction. As well as the positive medicinal benefits of several natural drugs, there are positive spiritual aspects of natural drug use. Natural drugs have been used for millennia to alleviated what ancient people believed to be spiritual corruption, as cleansing agents, and as well as a sacrament. Ayahuasca and peyote have been used for thousands of years by hundreds, if not thousands, of different cult ures.Ayahuasca is a psychoactive tea that is made by infusing the plant matter of two or more psychoactive plants. One ingredient contains 5-MeO-DMT (a substance similar to LSD), and the other ingredient contains an MAOI that allows the DMT to be absorbed into the bloodstream. The Quechua people of South America have been known to use it and have used it for thousands of years. They use it as a sacrament in order to become more in tune with nature and their gods, and believe that it gives the user supernatural abilities of insight and wisdom.Peyote is another substance that indigenous people of the Americas, more specifically the Navajos, used as a sacrament, and still to this day members of certain Native American tribes use peyote in their religious ceremonies. Responsible, safe, and moderate use can reduce oneââ¬â¢s risk of addiction and can reduce the debilitating effects of certain drugs. Obviously if you smoke two packs of cigarettes a day, and you were to cut back down to five cigarettes a day, then your risk of heart attack and stroke would decrease.The same is true for other drugs. While no drug is safe and all are addictive to some extent, moderate and responsible use can greatly reduce the inherit risks that come with some drugs. Responsible drug use also involves knowing about the drugs and what parts of your body they affect, inhibit, and degrade. Responsible users do not use heroin, due to the inherit risks that come with it. It is a highly addictive substance with little medicinal value in the shadow of its volatility.Safety for drug users is ignored and addicts go untreated and persecuted as criminals rather than people with an illness. In parts of the UK, and other countries in Europe, there are what is known as SISs (Safe Injection Sites), where addicts are given access to clean needles and other sterile equipment in order to decrease the transfer of disease from people sharing needles. This is productive towards the main problem, and the U. S. should take note of this.These people are going to get their hands on these drugs regardless of their legal status, it is the governmentââ¬â¢s responsibility to protect these people and provide them with safe equipment in order to protect them from disease. Despite the positive medicinal values and spiritual uses of many natural drugs, society has wrongly demonized several natural drugs due to a lack of understanding and misinformation. Anti-marijuana activists and certain government agencies would have you believe that marijuana is a highly addictive substance with no medicinal value, and that the users of the drug are to be considered criminals and addicts.Harry Anslinger of the Bureau of Narcotics and Dangerous Drugs, which eventually evolved into the Drug Enforcement Agency (DEA), created the ââ¬Å"Reefer madnessâ⬠campaign in the 1930s. The use of the Mexican name of the cannabis plant, marijuana, was popularized by the Hearst newspaper chain to scare the public into believing that there was a new and dangerous drug being introduced to American youth by black musicians and Mexicans. The result of this media blitz was the passage of the Marijuana Tax Act of 1937, which was the beginning of marijuana's prohibition.Since its prohibition, numerous studies have been conducted to determine marijuana's toxicity level: the conclusion of the studies was that it would take 20,000 to 40,000 times the normal dose to induce death. Another way of stating this would be that a person would have to ingest 1,500 pounds in 15 minutes. In 1972, after studying all the evidence, Judge Francis Young of the DEA found marijuana to be ââ¬Å"one of the safest therapeutically active substances known to man. He also added that, ââ¬Å"One must reasonably conclude that there is accepted safety for use of marijuana under medical supervision. To conclude otherwise, on the record, would be unreasonable, arbitrary and capricious. â⬠His decision in the case was overru led by the Court of Appeals and medicinal marijuana was still denied even to seriously ill patients, until decades later when states began legalizing medicinal marijuana themselves.
Saturday, September 28, 2019
A Review Of Marketing Strategy Of Wal Mart Marketing Essay
A Review Of Marketing Strategy Of Wal Mart Marketing Essay Marketing creates strong value addition in the organizational operations and revenues of companies increase remarkably by adopting latest marketing tools and trends. Demand of organizational goods and services is created by using marketing communication means. Marketing is important department of a company just like research and development, accounting, finance, and manufacturing. Chief executive officers have recognized the needs and importance of marketing activities so they appoint dedicated brand managers to promote individual brands. Particularly, CEOs appoint chief marketing officers having equal designation of chief operating officers and chief financial officers. Senior management of companies dedicate substantial resources to enhance value chain in organizational resource management, robust brand management, optimum utilization of resources and creating strong base of loyal customers (Kotler apparel and jewellery, baby care, electronics, home decor, furniture, groceries, h ealth and beauty, music and books, movie, photo, outdoor living, medicines, sports and fitness, toys and video games (Walmart, 2010). Wal-Mart focuses on various procedures to maintain its low cost strategy that is based on various sources. Wal-Mart does not base its supplies to an individual larger supplier but it adopts larger supplier base. By decreasing share of a single supplier in its inventory it manages to strengthen the bargaining power. It has a continuous focus on reducing costs through improvement in inventory control system and logistics system (McPhail, 2006). Likewise, Wal-Mart is determined to develop efficiency and output of its employees. Wal-Mart has positioned its products in market by adopting cost leadership strategy. Wal-Mart has ensured its success due to its lower prices. Thus, low cost leadership strategy is brand recognition of Wal-Mart and consequently serves as effective tool of organization. Wal-Mart adopts various TV ads at its discount or stores to pr omote and sustain its brand. Wal-Mart organization is selected being the leader in supermarket chain in order to evaluate its marketing effectiveness on the achievement of organizational objectives. Contrary to the Wal-Mart, Tesco the competitor of Wal-Mart is chosen for the sake of comparative purpose.
Friday, September 27, 2019
PLC Assignment 1 Essay Example | Topics and Well Written Essays - 1000 words
PLC Assignment 1 - Essay Example Wherever there is an enterprise or industry, you will find a PLC. The PLC has seen dramatic evolution since the first PLC, the Modicon, was introduced by Bedford Associates in the late 1960s (Kuphaldt, 2003). Paralleling the evolution of larger data processing systems, Allen Bradley and General Electric introduced programmable units with terminal input in the 1970s (Morley, 2006). They are now available as stand alone units, flexible card driven modules, and rack mounted with standardized cards for large scale centralized control. The unitary style is a self enclosed, ruggedised unit that has all the circuitry necessary to operate independently. It is generally used near the machine it is controlling and is dedicated to a small number of tasks. Modular construction has the advantage of placing several control units into a single module which allows the units to share power supply and computing capabilities. Sharing support circuitry reduces the cost of the unit as well as allowing for expanded control capabilities. Rack mounted systems are used to provide centralized control of very large scale systems. With the circuitry on cards that are attached to a standardized bus, the rack mount system offers greater networking and communication possibilities. This allows PLCs to run lengthy programs and control complex automated systems. In its most basic configuration the PLC reads a set of inputs, processes the inputs through a program, and makes a decision as to what output switching is required. The inputs are configured to sense the presence of a voltage, often 12VDC, but may be 5VDC or 115VAC. These inputs come from switches or relays on machines that may indicate level, position, or status of the equipment. A PLC can be used to stop a conveyor belt when an assembly machine is turned off. Sensors are widely used in process control to detect
Thursday, September 26, 2019
How does clothing become a part of the self-realization of people Essay
How does clothing become a part of the self-realization of people - Essay Example The paper "How does clothing become a part of the self-realization of people" discovers the fashion and identity. In marketing, Vieira (2009) defines fashion as the broad based behavioral phenomenon evidenced by a variety of material as well as non material contexts. More aptly, it has been defined as an ever changing trend that is frivolous, and has a deep influence on the life of people and is accompanied by frivolous reasons. Clothing has a huge influence on not the perception of person wearing them but also on the people around the individual. In the fictional story of Batman, in Gotham, better portrays this continuum. For instance, an individual wearing a suit is attributed to certain perception generally, and the same applies for an individual wearing a street wear. When in a suit Gordon seemed trustworthy and professional but when in street wear, he was almost misidentified, and mystical. Clothing worn on a personââ¬â¢s personality and identity always makes one feel confide nt and organized, for instance for an athlete whose work demands means donning the sports attire, and the same individual may behave different, for instance when in a suit. The outer perception of an individual on the personsââ¬â¢ choice clothing is may be determined by societal cultural patterns. Consequently, clothing carries a message and creates a pseudo message that is needed by a circumstance individuals find themselves in Ozipek. In this case Bruce Wayneââ¬â¢s costume is the perfect example and as seen in Batman.
It is a discussion post about ocean fisheries sustainability Assignment
It is a discussion post about ocean fisheries sustainability - Assignment Example 1. Some fishing practices are harmful to the fish and have been branded illegal and even banned in some of the countries that heavily rely on fishing as a major income earner. Some destructive practices should hence be banned round the globe so as to protect all ocean habitats and salvage the lives of the fish. Pollution that also poses a great danger to marine should also be a major concern thus measures put in place to curb and control polluted drainage to ocean habitats. Another way to put off overfishing along with by catch is to withdraw from eating fish as well as other seafood. According to Dr. Sylvia Earle, famous marine scientist and National Geographic Explorer-in-Residence, people should take a break from consuming seafood until they learn better how to uphold healthy fish as well as wildlife populations ("Sylvia Earle - National Geographic Adventure Magazine," n.d.). 3. With a familiarity of the threats to ocean fisheries sustainability, it is, therefore, essential to act towards working on them so as to change the face of the fishing industry. Stringent fishing rules and regulations ought to be put in place so as to govern on how fishing is carried out with a bid of avoiding instances of overfishing (Palma, Tsamenyi & Edeson, 2010). By so doing, ocean habitats are bound to be protected and no risk of extinctions. 4. Nations around the globe have been up in arms with the intent of devising applicable approaches aimed at supporting ocean fisheries sustainability. Fisheries may gain from reserves when they assist in replenishing nearby habitats via spillover of adult organisms as well as dispersal of larvae. The rise in the biomass of business species within marine reserves has been known to increase the reproductive output provided the reproductive grounds are incorporated in the reserves (Greenberg, 2014). Palma, M. A., Tsamenyi, M., & Edeson, W. R.
Wednesday, September 25, 2019
Describe an issue where there is an ethical implication Essay
Describe an issue where there is an ethical implication - Essay Example While academic integrity is a long considered issue within higher education establishments across the globe, its implications in light of the recent economic collapse have taken on a newfound importance. In these regards, the area that has received the most attention has been the connection between professors in United Statesââ¬â¢ business departments and major Wall-Street banks and brokerage firms that contributed to the economic collapse. Perhaps unique to the university business departments, the professors oftentimes receive substantial sums of money for consulting and preparing reports on these financial institutions. While the notion that business professors are receiving money for consultations by itself is not of major concern, there are substantial ethical implications for this type of collaboration. The first implication is that professors have been indicated to accept money for producing content related to the financial prosperity of a country or region, without indicati ng this in the document itself. The significant ethical implications behind this are that the content is biased yet the professor is using his universityââ¬â¢s reputation as a means of supporting his claims.
Tuesday, September 24, 2019
Technology and beck's concept of world risk society Essay
Technology and beck's concept of world risk society - Essay Example Using this definition as the starting point, we get the subsequent argument that ââ¬ËSystemic eventsââ¬â¢ showed that industrial societies were generating hazards ââ¬Ëthat they could not controlââ¬â¢ (Beck, 1999, 51, 44, 72). ââ¬ËCompounded riskââ¬â¢ had become the new meta-norm in a networked society (Daniell, 2000, 18). Hence, the thinking here is that the world is spinning out of control with people in the grip of ââ¬Å"blind and impersonalâ⬠forces that they can neither control nor comprehend. In this context (Obama, 2006), the development of contraceptive pills and their widespread use has to be seen as a valiant effort at providing ââ¬Å"spaceâ⬠to the marginalized (ethnic minorities, women) as a means of empowering them and providing them with reproductive choices. Ulrich Beckââ¬â¢s World Risk Society (1999) was a sociological meditation on the interlinked forces of ââ¬Ëglobalization, individualization, gender revolution, underemployment, and global risks (as ecological crisis and the crash of global financial markets)ââ¬â¢ (Beck, 2000, 2). Beck examined the ââ¬Ërisk calculusââ¬â¢ concept, the power dynamics and sociology of risk (why groups profit from ââ¬Ëmanufactured uncertaintyââ¬â¢), the ââ¬Ësub-politicsââ¬â¢ of global dissent (anti-globalist and environmental campaigns), and how reflexive modernity uses conjecture in response to crises. Beckââ¬â¢s work was essentially a treatise on the chaos that the processes that we shall talk about subsequently were unleashing on the world. In this context, Beck was in consonance with other social scientists that foresaw a dystopian vision for humanity and tried to warn us to the inherent dangers. In such a bleak scenario, it is worthwhile to consider the fact that the development of contraceptive pills is indeed a bright spot in an otherwise anarchical situation. For instance, Kaplan in his book The
Monday, September 23, 2019
Research proposal letter Assignment Example | Topics and Well Written Essays - 500 words
Research proposal letter - Assignment Example This is what will be experienced by people once the marijuana is legalized as there will be continual usage of the drug. Similar to other hard core drugs, continual usage of marijuana will cause damage to the brain leading to problems such as psychosis in addition to diminished brain functions and affecting the memory. If peopleââ¬â¢s brains are likely to be destroyed, it means that the state will lack productive people in the future and that will be the beginning of the end of this great state. Unborn babies who are the future generation of this great land will also be affected by the marijuana even while in the womb. It is open fact as explained by Kleber and Dupont in their research findings that medical marijuana is of great help to people with glaucoma, epileptic seizures, decreases anxiety, prevents the spread of cancer and is even a powerful painkiller among other health benefits. This therefore means that it cannot be prevented from being used for medical purposes. The solution to such an issue is to therefore only legalize medical marijuana. There should be law indicating that people to produce medical document signed by the physician about the need to use the medical marijuana in the specific shops selling the drug. The sellers should have official permits from the county offices to legalize their sale and regular checks will be made in their shops to ensure they are not breaching their contracts. This legalization will cost less than when the regular marijuana is legalized. The cost of medical expenses will also reduce to the sick people are they will reduce their frequent hospital visi t and purchase of expensive drugs. This is not expected to be an easy thing as people will still find ways to forge documents so they can purchase the marijuana even though they lack pre-existing medical condition to demand the use of the drug. There are also activists who are bound to reject even the legalization
Sunday, September 22, 2019
Intermediate accounting Essay Example for Free
Intermediate accounting Essay 1. Distinguish between perpetual and periodic inventory system. Why conduct physical inventory? When should, if any a physical inventory count occur? Perpetual inventory system is a system for determining the cost of goods sold by keeping continuous records of the physical inventory as goods are bought and sold. In other words, under the perpetual inventory system ââ¬â records are kept of the quantity and usually the cost of individual items of inventory throughout the year, as items are bought and sold. The cost of goods sold is recorded as goods are transferred to customers, and the inventory balance is kept current throughout the year, as items are bought and sold. The physical inventory is important because it is an actual amount of all merchandise on hand at the end of an accounting period. The actual physical count of the product must occur after the Pre-Physical Inventory update is run.à It means that no movements of the product can occur until after the actual count is done.à In other words the product is frozen until a physical count is done on the item.à After the actual count the movement of the individual item within the product group can resume while other products are being count. In periodic inventory system, it is a system for determining the cost of goods sold by deducting the ending inventory (based on a physical count of the inventory) from the beginning inventory plus total purchases over the period. 2. Intangible assets have two main characteristics. They lack physical existence and they are not financial instruments. Costs incurred internally to create intangibles are generally expensed as incurred. Explain the procedure for amortizing intangible assets. Intangible assets are a long-term assets that have no physical substance but have a value based on rights or privileges that accrue to the owner. Intangible assetsà dont have the obvious physical value of aà factory or equipment; they can prove very valuable for a firm and can be critical to its long-term success or failure. For example, a company such as Coca-Cola wouldnââ¬â¢t be nearly asà successful was it not for the high value obtained through its brand-name recognition. Although brand recognition is not a physical asset you can see or touch, its positive effects on bottom-line profits can prove extremely valuable to firms such as Coca-Cola, whose brand strength drives global sales year after year. In FASB STATEMENT NO. 142, the useful life of certain intangible assets is difficult to judge, particularly assets that involve contracted or other legally set terms. Companies use the useful life of assets to guide their decisions on whether or not to amortize them on their financial statements. The key factor in determining whether to amortize an ââ¬Å"otherâ⬠intangible asset is its useful life. If it is indefinite, the asset is not amortized. Although the question of whether an assetââ¬â¢s useful life is definite or indefinite may seem straightforward, certain intangiblesââ¬âparticularly those that are a result of contracted or other legally set termsââ¬âare difficult to judge. Prior to the issuance of FASB Statement no. 142, the maximum useful life of an intangible asset was 40 years. Could an asset a company was amortizing over a useful life of less than 40 years now have an indefinite life under Statement no. 142? The answer is ââ¬Å"maybe.â⬠Prior to its implementation companies may not have taken all of the three criteria in Statement no. 142ââ¬ârenewability, costs and modificationsââ¬âinto account in making amortization decisions. Further, it was not an option for an asset to have an indefinite useful life, regardless of how a company evaluated the criteria before Statement no. 142. The limit was 40 years. The bottom line? Even those intangibles that werenââ¬â¢t assigned the full 40-year useful life prior to Statement no. 142 should be evaluated against the statementââ¬â¢s criteria. They may have indefinite useful lives as well. References http://www.sdc.on.ca/sdc6/help/Physical%20Inventory%20Process.htm Jennefer M. Mueller. Journal of Accountancy: Amortization of Certain Intangible Assets. DECEMBER 2004 / Volume 198, Number 6.
Friday, September 20, 2019
John Snow The Father Of Epidemiology History Essay
John Snow The Father Of Epidemiology History Essay John Snow (1813-1858), the father of epidemiology, has a legacy that still exists today. His use of epidemiological methods helped identify the risks of certain diseases and has also helped establish what preventative actions should be taken in response to an outbreak. He was a great man that is known for his work involving anesthesia and cholera. In Snows short lifetime, Oleckno claims (2008), He is credited with writing over 100 books, pamphlets, essays, articles, and letters to the editor on a variety of medical topics(p.1691) including his very famous book, On the Mode of Communication of Cholera, which describes the cholera outbreak that took place in Soho in 1854 (Oleckno, 2008, p. 1691). Snows studies have shaped the worlds views on epidemiology as a science, and they have changed the way we confront public health problems that still exist today. Snows experiments provided a perfect example of this science since epidemiology is concerned with who gets sick, and why they get si ck. Research by Blank and Jameson (2007) proves that, Snows work still serves as an example of how prevention can be effective without an explicit understanding of the exact mechanism of underlying pathogenesis (p. 3). Although his ideas were highly debatable at the time when it came to the spread of cholera, Snow still pressed on and eventually got his point across. Through his hard work and persistent determination, John Snow is seen as a pioneer who brought the use of anesthesia out of the dark ages, and a savior who contributed to rescuing London from the terrors that cholera produced (Oleckno, 2008, p 1692). Snow was born on March 15, 1813 to a working class family in York, England. As a young boy, Snow proved that he was very bright. He particularly excelled in mathematics. His mother recognized his intelligence and eagerness to learn, so she placed him in a private school where he could shine. Snow had a desire to become a doctor, and when he was fourteen he attained an appre ntice job alongside Dr. William Hardcastle, a pharmacist, in Newcastle-upon-Tyne (Old News, 2005, p. 8). Hardcastle exposed Snow to cholera patients during an outbreak in Killingworth in 1832, effectively giving him a medical understanding. In 1836, Snow entered the Hunterian School of Medicine in London. While in school, he also gained more clinical experience at the Westminster Hospital. In 1843 he received his bachelor of medicine, and in 1844 he graduated as a MD from The University of London (Simmons, 2002, p. 163). At this time, and for his lifetime, John Snow was described as a modest bachelor who was very healthy. He followed a strict vegetarian diet since the age of seventeen (Mawson, 2009, p. 498), and he abstained from drinking alcohol. On occasion, he would even publicly support temperance. John Snow lived in Soho, London on Frith Street. After moving to Soho, Snow distinguished himself by making the first scientific studies on the effects of anesthetics. He focused most of his scientific experiments on the usage of ether and chloroform. According to Hempel (2007) Snow, Was looking for the perfect narcotic vapor; effective, easy to administer, and completely safe (p. 97). Ether and chloroform are colorless, unstable, liquids that come from ethyl alcohol. They were formerly used as inhalant anesthetics. Chloroform however, was known to cause heart problems. John Snow is very interesting to me in the fact that he experimented with anesthetics on himself. He did this for nine years, and ahis goal was to identify a drug that had the properties and advantages of chloroform, but was similar to ether in not causing cardiac arrest (Mawson, 2009, p.498). Snow studied the advantages and disadvantages of each of the narcotics, and eventually he developed an anesthetic inhaler with a mouthpiece. After putting the inhaler on his f ace, Snow would record the dosage he was about to give himself, and then release the gas he was testing. He would fall unconscious very quickly, and would remain knocked out for different periods of time depending on the drug and the amount he was using. When he would awake, Snow would record the amount of time he was unconscious for. These tests helped determine how much a patient could handle, especially when being operated on. Because Snow made the usage of these drugs more safe and effective, surgeons no longer risked killing their patients by using the wrong amount of a certain anesthetic. Also, in 1847, Snow published a textbook entitled, On the Inhalation of the Vapour Ether in Surgical Operations. This book classified Snow as an anesthesia expert in England. Snows newly gained fame as becoming a pioneer in anesthetics led to his invitation to assist in delivering Queen Victorias children, Prince Leopold and Princess Beatrice (Oleckno, 2008, p. 1691). The mask he had invented was used to administer chloroform to Queen Victoria. It aided her while she was giving birth to her last two children. After his work in anesthetics, Snow moved on to investigating cholera. According to Codeco Coelho (2006), His work on cholera was fundamental in many ways: he proposed methods and ideas that are still part of the basic toolkit of modern epidemiology, such as time-spacial analysis and notions of source exposure and incubation periods (p.16). Even before John Snow decided to take on cholera, it overwhelmed civilization for many years prior. Cholera was present in India in the seventeenth and eighteenth centuries. Cholera occurred in three main waves, each one its own pandemic. The first pandemic took place from 1817 to 1823. The second pandemic carried cholera to Europe, and then across the Atlantic Ocean to North America in 1826 and 1837. When the third pandemic began in 1846, John Snow decided to step in. Microbiology has proved that cholera is caused by the bacteria, Vibrio cholerae. This can enter the body from contaminated food, but mainly from contaminated water. The bacterium e ffects a persons digestive system; mainly the small intestine. It causes severe diarrhea and vomiting, which leads to dehydration. According to Ball (2009), As the concentration of the water in the bloodstream decreases, the blood becomes thick and tarlike. The heart rate becomes irregular and dehydrated limbs begin to shrivel (p. 106). If a cholera patient is not rehydrated with a saline solution, death can occur very quickly. At the time, physicians knew little about the origins of cholera. The common belief was that cholera was caused by miasmas; bad odors that came into the atmosphere from foul smelling areas. Cholera was also thought to be a disease of the blood, not of the digestive system. John Snow, a member of the Cholera Inquiry Committee (Paneth, Vinten-Johansen, Brody, Rip, 1999, p.1545), had his own revolutionary ideas. He had done a lot of work with identifying the causes of contagious diseases in the past, and when it came to cholera, he felt that people were getting sick because there were tiny parasites in the water. According to Oleckno (2008), Cholera was transmitted primarily through contaminated drinking water via the fecal- oral route and not through miasmas (p. 1691). It had not been proved yet that miniature organisms could make people sick, and Snow was not widely supported. Vachon (2005) reinforces this idea, claiming, This was not an original idea, but it was an unpopular one dur ing the first half of the nineteenth century (p. 1-2). When cholera struck London in 1848, Snow decided to track the progress of the disease. He wanted to prove that his ideas about the cause of cholera were correct. In August of 1849 Snow published a pamphlet entitled, On the Mode of Communication of Cholera. This pamphlet proved his theory on the cause of cholera through the many examples given. Publishing a highly debatable essay like this was done at his own risk, but Snow felt that he had demonstrated a relatively reasonable argument in his pamphlet. He felt that the conditions in which cholera developed were spread throughout many neighborhoods. If theses cholera epidemics were ever going to end, something would have to be done. Snows ideas expressed in, On the Mode of Communication of Cholera had little effect on what his colleagues had thought. Despite this setback, Snow pushed on, and stuck to his original ideas. He carried out more experiments from this time on proving that his ideas were correct. Snow is best known for two experiments that he conducted in London. While the third pandemic of cholera was still raging through London in 1854, Snow began a project that he called his Grand Experiment. Snow compared the cholera death rates in each household supplied by two rival water companies; the Southwark and Vauxhall Company and the Lambeth Company. According to Ball (2009), He demonstrated that six out of every seven cholera deaths occurred in houses that received water from the Southwark and Vauxhall Company, instead of the Lambeth Company (p. 107). The question was, why were people who received their water from the Southwark and Vauxhall Company sick with cholera when both companies received their water from the Thames River? When it was discovered that the Southwark and Vauxhall Company drew their water from a more polluted area of the river, Snows proposed connection between cholera and contaminated water began to make sense. People that drank water from this source were m ore likely to contract cholera than people drinking from other sources because of the dirty water that was being used. Oleckno claims that (2008), Through painstaking investigation, Snow provided credible evidence that cholera was transmitted by sewage contaminated water years before the germ theory of disease was firmly established (p. 1691). This experiment, in my opinion, was a big step for not only John Snow, but a major contribution to society. This new discovery would help convince the population that cholera was a waterborne bacterial disease, and would lead to better public sanitation. Snow also conducted a localized study in the Golden Square of the Soho district, where he lived. This experiment is probably the most widely known of the two. The events that took place on Broad Street, now Broadwick Street, started with a five month old baby named Francis Lewis (Ball, 2009, p.107). The child had developed cholera, and to this day no one knows how she contracted it. After Francis died, her mother washed her soiled sheets and clothes and emptied the dirty water into a cesspool in the front of their house. It didnt take long at all for the residence on Broad Street to contract the disease, and the number of deaths from cholera had risen to over five hundred after only ten days. Snow now had to determine where the outbreak started. According to The Lancet (2005), Snow also faced considerable difficulties: he personally visited the homes of 658 people who had died of cholera; he had to abandon his anesthesia practice for weeks at a time to do his cholera investigations; and The Lancet and Parliament both pilloried him (p. 957). Snow started first by knocking on all the doors in the Golden Square neighborhood. He visited every house, and while he was there he questioned the familys consumption of water. After Snow gathered all of this valuable information, he drew a map with a black spot representing every death where it occurred. This map emphasizes Snows genius because the technique he used, now called disease- mapping, is a vital tool used in epidemiology. He noticed that at the center of his map was the Broad Street Pump. Snow had an idea that the pump was the cause of the outbreak, but because the deaths were inconsistent, he had no evidence to support his prediction. Ball (2009) says, Broad Street water had a reputation for being colder and more carbonated than the water from surrounding pumps, so it had attracted a clientele from adjacent neighborhoods (p. 108). After Snow interviewed the people who had a family member die, he discovered that many people stopped to drink from this pump when they were on their way to school or work. Two observations after his investigation really stood out to Snow. One was that there had been no deaths among the workers at the Lion Brewery on Broad Street. When Snow learned that the workers received liquor as a part of their wages, and barely drank water from the pump, the reason why there had been no casualties made sense. The second baffling observation was the death of a woman named Susanna Eley. Eley was a widow who moved from Broad Street to Hampstead (Ball, 2009, p. 108). After Eley died, Snow interviewed her surviving sons and discovered that she loved the taste of Broad Street water so much, that she had it delivered to her new house in Hampstead from the pump on Broad Street. This information was exactly what Snow needed. He now had evidence that the pump was in fact the source of the outbreak because an outside person had deceased after drinking the pumps water. Now that he had an adequate amount of data and some solid evidence, Snow requested to talk to the Board of Guardians by St. James Parish to come up with a plan to deal with the cholera outbreak. After some persuasion, Snow convinced the local parish officials to remove the handle of the Broad Street pump, and on September 8, 1854 it was done. According to the MMWR (2004), Snows studies and the removal of the pump handle became a model for modern epidemiology. (p. 783). This gesture had little to do with ending the epidemic because the outbreak was nearly over. However, when he convinced the parish officials to remove the handle of the pump, this became a historic example of a public health intervention. After the pump was dug out, it was revealed that the well that served the pump ran near broad street sewage pipes and cesspools. Although it was never determined how the well became contaminated with the bacteria that spread cholera in the first place, it is assumed that the dirty wat er Sarah Lewis dumped outside her house upon the death of her infant caused the entire incident (Ball, 2009, p. 108). On June 16, 1858, John Snow, a legend, died at the age of forty five. On June 10, 1858, while finishing his book, On Chloroform and Other Anesthetics, Snow fell off his chair. He became paralyzed on his left side, and started vomiting blood (Hempel, 2007, p. 246). The cause of death appeared to be a stroke caused by chronic renal failure. He was buried at Brompton Cemetery in London, England. Today, there is still a replica of the Broad Street pump in Soho, London (Ball, 2009, p.105). This tribute reminds us of Snows legacy, and his perseverance in tackling cholera in the 1800s. Snow is still recognized today as a contributor to public health history because he proposed the waterborne theory of cholera and proved that it was right. He was known first for his continued efforts and work in anesthesiology, but his extensive experiments dealing with cholera led to a greater impact. Snows constant persistence and desire to never give up, led people to finally believe what he was saying wa s true. His experiments also helped us deal with later outbreaks. The mapping and the field studies he did, now have their own modern names, proving their lasting impact. Medical cartography and shoe leather epidemiology are what these techniques are known as today. Although Snows death was saddening, he did leave behind a great reputation for himself. According to Oleckno (2008), Today there is a professional society, a college, a government building, a public health consulting firm, and a tavern bearing his name (p. 1691). Snows medical significance is still so apparent that in 2003, a medical magazine called Hospital Doctor, voted Snow as the greatest doctor in history. Cholera has been eradicated in most of the developed countries in the world, and according to WHO (2005), In 2004 there were 36 reported cases of cholera in the Americas and 21 cases in Europe (p. 957). Figuring out the mystery of cholera would be just as great as if we found a solution to AIDS today. Snows logic is considered to be very influential in the field of public health, and his methods have affected the way we solve public health issues today.
Thursday, September 19, 2019
Conformity and Rebellion in Antigone Essay -- conflict, change, mistake
Would you rather not have conflicts in your life? Antigone is a play, based upon conflicts between the characters. Antigone is the sister of Polynices, who is dead. Polynices is considered a traitor to Creon and he doesnââ¬â¢t bury those who are against him. As conflicts occur, Antigone, Creon, and the Chorus argue on whether to have Polynices buried or not. Conflicts are a necessary part of life because of the changes that we run in to. It is appropriate to rebel and create conflict when we believe in doing the right thing to do, but someone is taking the necessary tool away from us so we canââ¬â¢t accomplish those goals. Also, it is appropriate to conform when violence gets out of hand. The changes that happen make us, the readers better individuals and once we have the conflicts solved, we wonââ¬â¢t repeat the same mistakes and then conformity is possible. It is appropriate to rebel and create conflict when you believe in doing the right thing, but somebody takes away from you the necessary tool from doing so. The main conflict in the play between Antigone and Creon is the best example for this argument. Antigone believes that everybody deserves a proper burial. In her opinion, even if somebody is a traitor or dislikes Creonââ¬â¢s views, he or she deserves a proper burial. In this case, Creon decides that Polynices doesnââ¬â¢t deserve a proper burial because Polynices is a traitor to him. Antigone now wants to bury Polynices and doesnââ¬â¢t care about Creonââ¬â¢s edict. However, Ismene warns Antigone,â⬠But think of the dange! Think what Creon will do!â⬠(469). Ismene is telling Antigone that she is scared of burying Polynices behind Creonââ¬â¢s back, because if they get caught they will be punished greatly. Ismene and everybody else in Thebes are scared of Cr... ...d how we can be better individuals from the original conflict. Choragos Is telling us if we want to be happy, we have to be intelligent. In Antigone, it is appropriate to conform when violence gets out of hand. This happens when all of Creonââ¬â¢s love ones die because of how his stubbornness and pride. However, it is appropriate to rebel when we believe in doing the right thing to do, but someone is taking the necessary tool away from us so we canââ¬â¢t accomplish those goals. This happens in the play when Antigone wants to bury Polynices, but Creon is too powerful and causes fear upon all of the people of Thebes. We can learn from this play that conflict is necessary in our lives, because without it we canââ¬â¢t learn. Works Cited Sophocles. Antigone. Abcarian, Klotz, and Cohen, eds. Literature: The Human Experience. 11th ed. Boston: Bedford. 2013. Print.
Major Themes of the Koran Essay -- Islamic Arabic Religion Essays
Major Themes of the Koran I. NATURE AND PURPOSE OF THE KORAN This is the Book, in which there is no doubt, a guide for the God-fearing, who believe in the unseen and perform the prayer and spend of that which We have bestowed upon them, and who believe in that which is revealed unto thee [Muhammad] and that which was revealed before thee, and are certain of the Hereafter. [2:2-4] It is a glorious Koran, on a guarded tablet. [85:21-22] Lo! We have revealed it, a Koran in Arabic, that ye may understand. [12:2] This is naught else than a reminder and a lecture making plain, to warn whosoever liveth, and that the word may be fulfilled against the disbelievers. [37:69-70] This is indeed a noble Koran, in a Book kept hidden, which none touches save the purified, a revelation from the Lord of the Worlds. [61:77-80] We have coined for mankind in this Koran all kinds of similitudes, that haply they may reflect; a Lecture in Arabic, containing no crookedness, that haply they may ward off [evil.] [39:27-28] And when Our clear signs are recited to them, those who look not to encounter Us say, ââ¬ËBring a Koran other than this, or alter it.ââ¬â¢ Say: ââ¬ËIt is not for me to alter it of my own accord. I follow nothing except what is revealed to me.ââ¬â¢ [10:15] It is a Koran that We have divided, that thou may recite it unto mankind at intervals, and We have revealed it by [successive] revelations. Say: Believe therein or believe not. Lo! those who were given knowledge before it, when it is read unto them, fall down prostrate on their faces, adoring. [17:106-7] We have inspired in thee a Koran in Arabic, that thou mayest warn the mother-town and those around it, and mayest warn of a day of assembling whereof there is no ... ...re is no God save the One Godâ⬠¦The Messiah, son of Mary, was no other than a messenger, messengers the like of whom had passed away before him. And his mother was a saintly woman. [5:72-75] O ye who believe! Take not the Jews and Christians for friends. They are friends one to another. He among you who taketh them for friends is one of them. Lo! God guideth not wrongdoing folk. [5:51] Fight against such of those who have been given the Scripture as believe not in God nor the Last Day, and forbid not that which God hath forbidden by His messenger, and follow not the religion of truth, until they pay the tribute readily, being brought low. [9:29] â⬠¦Slay the idolaters wherever ye find them, and take them captive, and besiege them, and prepare for them each ambush. But if they repent and establish worship and pay the poor-due, then leave their way free. [9:5]
Wednesday, September 18, 2019
Changing Oil in Your Car Essay -- Process Descriptive How To Changing
Changing Oil in Your Car When the average person's car needs an oil change we drive to a Quick Lube and have it done in 20 minutes. Another alternative would be to change the oil your self, this is a fairly simple process, most people with some common sense and some basic hand tools can do it at home on a weekend. The first step is finding out how much oil your car holds and what kind of oil filter fits on your cars engine. Your car's owner's manual will have a capacity section in the back, down the list till you come to the engine oil capacity, and the chart will list the number of quarts that your car needs. Also on most new cars when you can look on the oil cap it should state the oil weight which is recommended by the cars manufacturer. Then you need to go to the local parts house (I prefer Advance or Orileys) get the brand of oil that you prefer in the recommended weight, and quantity. When you pay, you can get the part number for the oil filter, all you have to know is the make of the car and the motor size and they should be able to find the information and then tell you which filter belongs on the car. Remember to get an oil filter wrench to remove the filter of with if don't already have one. Next, go home and find a level spot on which to park your vehicle. Before you jack up the front of the vehicle, you need to set the emergency brake and chock the rear wheels; this is just a safety measure to keep the car form rolling back. Once you have completed this, you need to refer to the owner's manual again for the recommended lift points for the car. You are not able to just put a jack underneath a car and lift it up because you will risk damaging the under body. There are certain places to put the jack to properly ... ...place it in the fill hole (it is located on one of the valve cover of the motor and it has a cap) and add the recommended amount of oil. After you have added oil, replace the cap. Now you are ready to start the motor. When you first start it, there will be no oil pressure so don't be alarmed but watch the gauge, and in about ten to thirty seconds the oil pressure should be up in the normal range. With the engine running, look underneath the vehicle and check the plug and filter to make sure there are no leaks. If there are no leaks, shut the vehicle off and check the oil level on the dip stick and make sure it is between the low and full mark. If the oil is a little low, add a little more at a time, and keep rechecking it until the oil level is full. When you have completed this you are done. This is a fairly simple process and can save you a lot of money over time.
Tuesday, September 17, 2019
Bottled Water Distribution In The Uk
The UK bottled water market, a sub segment of the soft drink market has continually increased it share of the soft drink market. Thomson (2008) reports that the UK market for bottled mineral and spring water alone experienced consideration expansion and is now worth an estimated E1. 7 billion annually, taking up about 15 percent of the soft drink sales in the UK. The market is projected to rise to 21 percent of the soft drink market by the end of 2008. Datamonitor (2007) reports that the UK bottled water market generated total revenues of $2.8 billion in 2006, representing a compound annual growth interest (CAGR) of 9. 4 percent for the period between 2002 and 2006. Further, market consumption volume is estimated at 2. 3 billion liters in 2006, representing a compound annual growth rate of 8. 5 percent between the same periods. The authors further projected that the performance of the bottled water market should increase by an anticipated compound annual growth rate of 8. 6 percent d uring the five year period ending in 2011 to about 3. 4 billion liters, expanding the market to about $4.2 billion by the end of 2011. The projected expansion of the market enhances the chances of new entrants into the market (Datamonitor, 2007; Thomson, 2008). The UK bottled water market is mainly comprised of sparkling flavored water, sparkling unflavored water, still flavored water and still unflavored water. Breaking down the market performance of each of this group of bottled water, Datamonitor reports that still unflavored water proves to be the most lucrative for the year ended 2006, generating revenues estimated at $1. 3817 million or taking up about 49.6 percent of the total market. This is closely followed by sales of sparkling unflavored bottled water that generated revenues of $916. 5 million representing 32. 9 percent of the market share. In sum, Thomson (2008) reports that still bottled water, both flavored and unflavored, accounts for 86% of the market (Thomson, 2008) . The entrance of Herbal Water into the UK bottled water market will be enhanced by a couple of factors. Most significant among these factors is the trend, the increasing demand for spring, mineral or nutrient rich water.Thomson (2008), reports that the market demand for mineral water continues to grow faster than other sections of the bottled water market. As mentioned previously, the market share for mineral water was estimated at ? 1. 7 billion annually in 2007 and it is projected to experience further growth. Furthermore, the author reports that there appears to be excess demands for the product, with several customers reporting that they experience out-of-stock, when shopping for mineral water in their grocery store.Ayalaââ¬â¢s Herbal Water with her first herbally flavored water is expected to make a difference in the UK bottled water, especially within the mineral water sub-segment. The UK bottled water market has a fragmented structure with no definite distribution chain. Although major players like the multinational company Danone and Nestle are involved in the market, the major buyers are retailers. The most apparent distribution chain involves major retailers, such as larger supermarkets and hypermarkets like Tesco and Asda.Retailers are very concentrated in the UK bottled water market, taking up almost 50 percent of the market share. Other distribution channels include convenience stores, online trades and an increasing significance of hotel sales that has been experiencing growth lately. It is well established that retailers represent the major distribution channel for bottled water in the UK. Datamonitor reports that large supermarkets and hypermarkets take up 49 percent of the total market share of bottled water in the UK.However, two primary factors play significant roles in the buying capacity and choice of the retailers. It is reported that the buying choice of retailers is greatly influenced by the need to respond to the demands of the cus tomers. Thus, while retailers are the strongest distribution channel for bottled water, the choice is primarily influenced by the demands of the immediate customers they serve. This fact weakens the power of retailers relative to manufacturers with strong and well known brands. Consequent upon the above fact, brand significantly influences distribution of bottled water.While products may be differentiated and unique as a result of its content and characteristics, the herbal approach to water flavoring adopted by Herbal Water, for example, branding is most likely to play significant roles. Retailers will be more willing to stock popular brands that are in demand, and manufacturers of popular brands can get their product across the distribution channels of several retailers. However, Datamonitor (2007) contend that ââ¬Å"Bottled water manufacturers and retailers operate in quite different businesses, and vertical integration rarely occurs to blur the boundaries between them.As bottle d water is a sub-segment of the soft drinks market, its importance to retailers is not very great, especially for the more powerful supermarket chains, which sell a wide variety of food and drink productsâ⬠(p14). Again, the rivalry in the UK bottled water is further strengthened because retailers which play the most significant role in distribution do not experience any considerable costs in switching from one manufacturer product to the order, building strong brand around consumer loyalty can help defend manufacturers from this situation.Moreover, this increased rivalry is compensated for by the healthy revenue accruable to each manufacturer due to the huge market potentials of bottled water (Datamonitor, 2007). Convenience stores and hotel sales are other channels for distributing bottled water; these channels represent 19. 2 and 13. 6 percents of total market volume respectively, while other channels such as the increasing demand for bottled water in the leisure industry ac counts for 22. 4 percent of total market volume.In sum, the UK bottled water market is has retailers as the primary buyers, these are well concentrated in the market and determines the success of any bottled water manufacturer in the market, although, to a large extent their buying power is influenced by the demands and choice of the customers they supply. Convenience stores and online sales are important channels, but they do not directly influence consumer loyalty and branding as would the retailers chain.The fragmentation of the UK bottled water has both positive and negative implications, but the ability of the Herbal Water Company to effectively harness the positive implications should greatly enhance the success of its product in the UK market. References Datamonitor (2007). Bottled Water in the United Kingdom: Industry Profile. Reference Code: 0183-0016. Thomson, Steven (2008). Bottled Spring Water. Scottish Agricultural College, Edinburgh. Acessed 24 Mar, 2008. Available at (Feb 6, 2008).
Monday, September 16, 2019
The key problem with its impact is that it is not timely
Mark Magnierââ¬â¢s article about the ââ¬Å"crisis of trustâ⬠in China could have a more powerful impact.The key problem with its impact is that it is not timely ââ¬â we have been dealing with fake, harmful Chinese products here in America for years, and we naturally expect that without the consumer protection laws that about here at home, consumers in China would be subject to even more terrible scams.à This should be viewed as an atrocity of the free market, one which America tamed long ago through consumer movements after we had learned our lesson during the unrestrained capitalism of the early 20th century.But the article lacks passion.à Although it is journalistically correct to end sentences in periods, this doesnââ¬â¢t mean that they shouldnââ¬â¢t have the impact of exclamation points.à Take, for example, the following sentence: ââ¬Å"[l]and that farmers have tilled for generations can be seized on a momentââ¬â¢s notice in a system that doesnâ⬠â¢t recognize private property.â⬠It bumbles awkwardly through a critical point and is stymied by a few too many prepositional phrases.à It leaves the reader unenraged about the fact that what our Founders considered a pillar of society ââ¬â Property, next in line only to Life and Liberty ââ¬â is totally absent from the worldââ¬â¢s most populous country.The author of the article is unable to bring the points home.à The baby formula example could easily be reinforced by the image of a sickly Gerber baby, or the reminder that it is a product we have taken for granted for decades.à In an article like this one, connecting prominent American brands to the scandals taking place abroad ââ¬â placing the reader in the shoes of the foreigner ââ¬â would have left a much more lasting impression than the distant, dispassionate analysis offered here.And letââ¬â¢s not start on the hackneyed, irrelevant clichà © that the author leads with.
Sunday, September 15, 2019
Brainology Essay Essay
Carol S. Dweck wrote an article talking about transforming studentââ¬â¢s motivation to learn. In the article, he states that there are two types of mindsets; the fixed mindset and the growth mindset. Dweck describes the fixed mindset as students who worry about how much the intelligence they posse is fixed, whereas students believe that the growth mindset is potential intelligence that can be learned. He explains that confronting challenges, profiting from mistakes, and dealing with setbacks is a way of becoming smarter. Dweck talks about how in the 1990s parents and schools felt that the most important thing or students was self-esteem. They felt that if students felt good about themselves then they would be good and successful in life. Dweck also talks about students being praised for their intelligence vs. being praised for their effort. At the end of the article, Carlos discuss how our society worships talent and how our talent is portrayed as a gift. He explains how worshiping talent was not motivating to our students. After reading this article, Iââ¬â¢ve learned that itââ¬â¢s better to have a growth mindset because the more I challenge myself to grow with intelligence the more chances I will have of becoming successful. I always knew that it was important to learn and never give up but I never took it serious. I now see the importance of never giving up. I feel like now I can motivate myself to keep going no matter how tough things get and to always accept in any challenge in my classes because thatââ¬â¢s the only way I can really enhance my intelligence. Also after reading this article, I see the importance of being praised for my hard work and effort rather than my talents.
Saturday, September 14, 2019
Paper on John Pierport Morgan: Father of Modern United States Economy
John Pierpont Morgan is considered one of the founding fathers of the modern United States economy. Morgan was a banker, railroad czar, industrialist, financier, philanthropist, yachtsman, and ladies' man. The wealth of the Morgan family did not begin with Pierpont but with his grandfather Joseph Morgan. Joseph's first son was Junius Spencer Morgan, also destined for the life of a businessman. In 1864 Junius took over the Peabody Company and changed the name to J. S. Morgan & Co. John Pierpont Morgan was born on April 17, 1837 in Hartford, Connecticut. The family prospered in Hartford until Junius moved the family to Boston where Morgan began Boston English High. In 1857, Junius Morgan decided to broaden his son's experience by sending him to New York. The firm of Duncan, Sherman & Co. was the American representation of the George Peabody Company. In less than three years Morgan went from clerk to cashier in the company. In 1860 Morgan left Duncan, Sherman and founded J. P. Morgan and Company to act as an agent for his father's business. In 1864 Morgan joined up with another former businessman of Duncan, Sherman & Company, Charles Dabney. Charles Dabney and Morgan started their own company named Dabney, Morgan & Co. Morgan's business continued to grow as he intensively involves his company in more trade and commerce transactions. In 1871 Dabney retired and Anthony J. Drexel became Morgan's new senior partner. Drexel was already the head of the Philadelphia investment bank Drexel & and Company. The new company Drexel Morgan & Co. became one of the largest and most successful companies on Wall Street. When Junius Morgan died in 1890, J. P. became head of the London house. Anthony Drexel also died in 1893, and Morgan reorganized the Morgan and Drexel firms two years later. The New York based Drexel Morgan became J. P Morgan & Co. Morgan was an imposing figure on Wall Street and in the financing world but was virtually unknown to many until 1869. That year a war over railroads began including Jay Gould and Jim Fisk, both famous financiers. Gould already had dominant control over the Erie railroad and began to buy up stock in the Albany & Susquehanna Railroad. The board of the railroad was prevented from issuing new stock to protect itself and the president of the company, Joseph Ramsey, was suspended. Ramsey and the board of the company fought Gould buy acquiring more shares of the company. The board of directors and Ramsey asked Morgan for his financial support. Morgan deposed the Erie railroad directors and was more than happy to assist the Ramsey plea. Through legal feuds with Boss Tweed and other characters and holding covert stockholder meetings, Morgan was able to obtain a lease over the company. The state supreme court upheld the lease and ensured ownership over the company to Morgan, Ramsey and the original owners. The legislature, at the time, began to propose control of railroad management, prevent stock watering, and tax profits. William H. Vanderbilt, the legislature, at the time, began to propose control of railroad management, prevent stock watering, and tax profits. Vanderbilt inherited eighty seven percent of the stock of the New York Central Railroad. He made a secret agreement with Morgan to sell 250,000 shares of his stock to English investors. Vanderbilt also agreed to combine the Central railroad with the Wabash, St. Louis & Pacific Railroad. When the news broke out about the deal, Morgan was praised as an economic genius and stepped out of his father's shadow. As Morgan enjoyed his position on the board of the New York Central, he used his position to settle a dispute of railroad organization in 1885. New York Central was competing with Pennsylvania railroad for control over the West Shore line. The two companies were engaging in rate wars and for control over surrounding lines. A second offspring, the South Pennsylvania line, was built by the Central to compete with the Pennsylvania line. Morgan argued that is was senseless for Vanderbilt and Gould, the two leaders, to compete over the lines. The two parties agreed and Morgan was again hailed as an industrial wizard. Mr. Morgan developed into the nation's railroad reorganizer. Morgan was brought in to slash the value of the watered stock, reduce interest rates on the bonds, and assess the shareholders for more money. Morgan's plans for the Philadelphia and Reading lines were working well until their president A. Archibald McLeod waged was against Pierpont. In 1888, John Pierpont was again called on to reorganize railroads in the east. Morgan was unsympathetic with governmental regulation; however, he sought to help enforce the Interstate Commerce Act of 1887. After the Panic of 1893, the government called on Morgan once more to reorganize a large number of leading railroad systems of the country. Various devices were used to ensure Morgan's continued control and that of his associates over the companies. Morgan's methods of railroad organization followed a standard pattern with small variations. Third, Morgan and his associates would always charge enormous fees for their services. Morgan's reputation most likely grows from his role in the emergence of many modern companies. Morgan, through his innate business sense, helped launch some of America's largest corporations. Morgan was now known throughout the land for reorganizing the railroad system. Morgan was one of the earliest of Thomas Edison. Morgan continued to support the growing company by acquiring many stock shares and facilitating the company's merger with the Thomson-Houston Electrical Company. This merger created the General Electric company, one of the most prominent companies in the modern world. Morgan went on to help create the Federal Steel Company, the National Tube Company and the American Bridge Company. One of Morgan's most famous business deals was the formation of the United States Steel Corporation in 1901. Morgan collaborated with Elbert Gary and John Gates to consolidate different steel companies to form a ââ¬Å"supercombination. â⬠The U. S Steel Corporation was organized and acquired the outstanding bonds and stocks of the Carnegie Company. The company also bought the preferred stocks of Federal Steel, National Steel, National Tube, American Steel & Wire, American Tin Plate, American Steel Hoop, American Sheet Steel, Lake Superior Consolidated Iron Mines and American Bridge Company. Morgan agreed to reorganize the situation and the two companies Deering Harvester and McCormick Harvesting Machine were merged with three other small companies to create the International Harvester Company. A Boston firm primarily financed the American Telephone and Telegraph Company when they faced a consortium of New York bankers in 1902. The New Yorkers, led by J. P Morgan, brought back Theodore Vail as head of the company and funded the company with one hundred million dollars to reorganize the company on a national scale. After 1906, the company was revived and a commanding force it was also principally backed by the house of Morgan. At the time many people believed that Morgan as well as other wealthy financiers including Carnegie and Rockefeller were stronger than the government and were not subject to ordinary laws. Morgan was said to have greatly profited from the transaction, although much upheaval was caused when Morgan refused to reveal his profits to a congressional committee. The panic of 1907 had begun with the public in mayhem and the government turning once again to Morgan for his leadership. Morgan pooled together an emergency committee with Rockefeller, Harriman, Frick, Schiff and H. H. Rodgers. This meaning of great financial leaders decided to help deal with the problem and deposit money into the government funds. Morgan rejected this idea; however, the group did instruct the secretary of Treasury to deposit substantial government relief funds and organize thousands of banks nationwide to deposit excess money into the relief fund. Pierpont Morgan was a man of many pecuniary gains and along with these gains came speculations and controversy into his financial dealings. The public often questioned the large undisclosed sum of money Morgan made by supporting the Treasury in 1895. This event was only one of many debatable issues that concerned Morgan and his control over the government and the American market. President Roosevelt investigated Morgan's large deal with the U. S. Steel Corporation and Tennessee Railroad Company but found that that the ââ¬Å"means employed were none the less effective, as well as profitable. â⬠The culmination of the government and public's suspicion of Morgan's activities were the Pujo hearings of 1912. The House Banking and Currency subcommittee headed by representative Arsene Pujo had been trying to establish that a ââ¬Å"money trustâ⬠ruled over America's major corporations, railroads, insurance companies, securities markets, and banks. The attorneys prosecuting Morgan made the pivotal point that eighteen financial institutions effectively controlled a two-thirds majority of the 1912 capital resources, over twenty five billion dollars. The lead attorney questioned J. P. Morgan about his actions in a famous cross-examination. Morgan was questioned on his supposed monopolies, earnings and business practices. The value of Morgan's organization of companies and funding is immeasurable, as these companies are some of today's leading corporations. Pierpont built America with more in mind than that of personal financial gain.
Friday, September 13, 2019
Economics Research Paper Example | Topics and Well Written Essays - 1250 words
Economics - Research Paper Example On micro level economy does not affect our business. We are the leading cement manufacturers in the region and have more than 65% of the sales. Export and local requirement for cement remains constant until economy faces a major crunch. We are the trend setters in the industry. The requirement for research and development to produce new products makes it a competitive industry. And this cut throat competition makes me enjoy my business and triggers me to think something different and new all the time. We have state of the art systems at plants for all the process, from extraction of raw materials to manufacturing and sales of the products. Entire production is monitored by automated systems. Offices are less advanced in IT and use basic information systems to perform day to day work. My future goals for the company is to expand its production capacity, export of cement to Asia wide countries. To implement a system that will analyze the bulk capacity of cement in market and warehouses. And increase the growth rate of the company with more educated staff and efficient capacity. We provide three kinds of call centre services to the industry. Call centre services, automated voice hosting services and call centre consulting services. We provide out sourced services and services to local companies as well. We market our products to companies looking for out sourcing their call centre services. Our target market are local companies. We prefer local companies because it is cost effective to provide assistance with our local resources. We have a qualified staff of 800 people who are fluent in Arabic and English for providing call centre solutions. Segment of marketing different products generates the maximum profit. More than 60% of the companies take services of call centers to sale their products. It also satisfies the customers quickly leading to increase in sales figures. Changes
Thursday, September 12, 2019
Problem Solving & Decision Making Essay Example | Topics and Well Written Essays - 750 words
Problem Solving & Decision Making - Essay Example Different studies present varying models of a typical decision-making process depending on their perspectives. Some models follow eight steps, others five. For purposes of making intuitive choices, the Harvard Case Approach (HCA) following four steps would be utilized. The four steps of this natural, intuitive decision-making process are: Step 1: Define the problem; Step 2: Alternative Courses of Action; Step 3: Analysis; Step 4: Recommendation. Initially, there is a situation where one of the subordinates, a security personnel, who was scheduled for regular work on a 10:00 PM to 6:00 AM slot, requested for a change in schedule due to emergency reasons. His wife called in early at 8:00 AM and informed the appropriate channels that the security personnel had to undergo immediate surgery for appendectomy. Therefore, he would be on emergency leave for five days. The shift sergeant was immediately informed of the situation and necessary changes in shift schedules have to be reviewed to fill in the temporary vacancy. a. Recall a security personnel on scheduled vacation leave. This option calls for determining a personnel on leave during the five-day period, who can be recalled for emergency purposes and who would be requested to report on the specified 10PM to 6AM schedule for five days. After which, he can resume his leave. b. Require overtime for current security personnel. Utilize security personnel to extend their shifts to at most four hours. Security personnel from the PM shift could extend from 10PM to 2AM and AM shift personnel could be requested to report four hours early (2AM instead of 6AM). The first alternative would entail some time and effort to locate and contact the security personnel on vacation leave. This optionââ¬â¢s viability depends on where he is spending his vacation, the time he could return, the persons to be affected
Wednesday, September 11, 2019
Critically analyse the significance, both strategically and Essay
Critically analyse the significance, both strategically and operationally, of the use of databases in an area of administrative, or economic, or social activity 01292 - Essay Example A brief summary regarding the evolution of database in the commercial world has been included. Additionally, the use of databases and their contributions towards managing information has been analyzed. Modern day organizations irrespective of their type, size and nature of activities, depend heavily upon databases for managing the day to day information transmission needs. Accurate data recording and updating is crucial in achieving organizational success. Databases are largely maintained in organizations for tracking sales, movement of materials, maintaining invoices and accounting reports. Computerized networks and systems are essential for preparation and maintenance of databases (Watson and Hewett, 2006). Databases not only facilitate information storage but also assist in promoting the relationships that exists between employees, mangers and other external factors. Organizational databases are developed and maintained in a manner such that all related parties of the business can access it at any given time. Databases form an important source of information for taking managerial decision making. The manner in which an organization stores information determines how quickly they are able to perform tasks, provide information to clients and consumers and provide directions to employees. The most common types of databases which organizations use are Oracle, Microsoft Access, SQL, Paradox and DB2. The type of database an organization selects to maintain depends upon its requirements and nature of data (Hoffer, 2004). Broadly, databases can be of two types: desktop and server based database. Desktop databases are mainly related to single user applications. Server databases are based on multi user applications and are based on mechanisms which promote reliability and data consistency. Such databases require high performance servers and speedy network access. Hence
Tuesday, September 10, 2019
Gun Control is Not the Ticket to Peace Assignment
Gun Control is Not the Ticket to Peace - Assignment Example In this respect, the effectiveness of the gun control laws will be the deterrent of the incidences of shootings, but not stopping such incidences from occurring altogether (Griffith, n.p.). The logic behind this observation is that; the increase in the incidences of shootings is not caused by the highest number of licensed guns that the government has issued to the civilians. In fact, if we would like to be candid with ourselves, we would then agree that virtually all the incidences of public shootings are as a result of guns that are acquired illegally (Smith, n.p.). Consequently, the establishment of gun control laws may help to instil fear on the legal gun holders not to shoot at others, but such efforts will have no effects on the criminals and social deviants who rule and operate the black markets. Further, it is also essential to pose and reflect for a moment on the major reasons why those people who shoot at the public do so. Is it because they have acquired a licensed gun and are trying to test its efficiency? Is it because they have been licensed to hold a gun and they want the rest of the public to realize that they are legal gun holders who can now shoot at anyone, anywhere and at any time? Or is it because such people are feeling that their security is highly threatened by the innocent schoolchildren and so they enter the school premises, draw their guns and shoot at them? The reality attests to none of the above. Thus, the core of the problem does not lie in the possession of a gun; legal or illegal, but in the state of the mind of the gun holder (Pacharis, n.p.). In this respect, if we are to address the problem of people shooting at innocent children and other unarmed members of the public, then we have to think in direction of treating the core of the problem of the attackers, which is their mental health. The tragedy of mass murder is not committed by individuals who are sane, but mostly by just a small section of the society that has a mental health problem.Ã Ã
Monday, September 9, 2019
Economics Essay Example | Topics and Well Written Essays - 1750 words - 1
Economics - Essay Example The main reason for the differences coming short may so be given by the treasury was the previous failings of monetary policy. In their description of the new monetary framework of October 1999, the principal argument was that previously there had been that numerous shortcomings in the design and conduct of monetary policy. Objectives were often inappropriate or unclear, while decisions were often poorly coordinated with fiscal policy or were made too late to prevent inflationary pressures from building. Roles and responsibilities were also ill-defined, creating the impression that policy decisions could be based on short-term political considerations. A lack of transparency hindered accountability and meant that policy-makers were unable to build credibility (Balls, & ODonnell, 2002). Given that the Treasury was conducting both monetary and fiscal policy prior to giving independence to the Bank, this is a remarkable statement. It seems to be either a vote of no confidence in the Treasury, or in the incoming government. It was argued that previous governments had often accompanied an apparently tough budget with an interest rate cut, only to raise interest rates again shortly afterwards, when the budget proved more inflationary than expected. As a result, they proposed that a test of fiscal policy was whether an independent Bank would change interest rates following a budget. Their finding under the new monetary policy arrangements was that interest rate changes did not seem related to the previous budget (Goodhart, 2006). A possible test of what type of policy the Bank is pursuing may be possible when the Bank is faced by a supply shock. Interest rates control inflation through their effect on aggregate demand. Since a positive aggregate demand shock raises demand and inflation, the correct monetary policy response would be to offset the increase in aggregate demand by higher interest rates. In contrast, a negative supply shock- say an oil price increase,
Police effectiveness Essay Example | Topics and Well Written Essays - 500 words
Police effectiveness - Essay Example eness obviously depends on the ability of law enforcement agencies to conform to the ideology, and meet the changing needs, of the society they protect, and to tackle the constant evolution in the character of crime. In democratic societies, policing policies have largely moved away from the rigidity of traditional policing. A policy which is popularly being adopted today is Community Oriented Policing and Problem Solving (COPPS). Community Oriented Policing acknowledges the right of the community to be involved in law enforcement. Prevention of crimes is by working in partnership with community members, and public and private non-governmental organizations, to identify and eliminate the underlying causal factors. There is the decentralization of authority and a personal approach from police officers, who are allotted permanent beats to become familiar members of the community. The focus is on shared responsibility of the police and the community through interactive community meetings, door to door calls and foot or bike patrols, fostering of mutual trust, and the formation of grassroots movements to monitor and report crimes. Community development projects, such as neighborhood clean-ups and combating drug usage, and problem solving, are prioritized. Officers are granted increased discretion and autonomy to deal with problems on a proactive, case-by-case basis, tailoring responses to particular local conditi ons. Rigid procedural responses are not favored. Community Oriented Policing ââ¬Å"is cooperative, communicative and collaborativeâ⬠(Summerfield, 2005). Problem Oriented Policing emphasizes preventive responses. It acknowledges that community problems may not be strictly criminal in nature and police discretion and locality-specific responses are more effective than arrest and prosecution. It favors a long term approach and a proactive police role. It involves (a) Scanning: identifying a recurring problem, itsââ¬â¢ frequency and consequences. (b) Analysis:
Sunday, September 8, 2019
Marketing Management Essay Example | Topics and Well Written Essays - 3250 words
Marketing Management - Essay Example According to Kotler (2003), customer perceived value (CPV) is the difference between total customer value and total customer cost. Total customer value includes four factors: product value, services value, image value and personnel value; and total customer cost includes time cost, monetary cost, psychic cost and energy cost (Tseng & Et. Al., 2007). The enhancement of the consumer perceived value can be achieved by increasing total consumer value or by reducing total consumer cost. This can be understood better with the help of an example of Wal-Mart, the UK based retail chain of stores. To enhance the consumer value they offer huge assortments in merchandises. There are various options available for the consumers to chose from the various brands and their private level brands. In reduction to consumer cost, Wal-Mart offers ââ¬Ëeveryday low pricingââ¬â¢ strategy. This offering allows the consumers to save certain amount of money through the low pricing strategy of Wal-Mart. This helped Wal-Mart to cater its consumersââ¬â¢ added value through higher level of satisfaction (IMD, 2009). This model suggests that how received and desired values adjust well into a disaffirmation type satisfaction model. The overall satisfaction can be known as the consumerââ¬â¢s judgment in reaction to assessment of understanding with the products and services. When the consumers make an evaluation, they create certain notions, developed from the past and present experiences about the value that they desired. The desired value directs consumers when they structure perception of the products or services whether it has performed excellently or weakly in the utilisation circumstances. The consumerââ¬â¢s derived value is evaluated upon experiences they use on certain attributes of the experiences, performances and consequences. The received value may guide in the creation that is generally
Saturday, September 7, 2019
WHY DO WE CARE ABOUT HUMAN-COMPUTER INTERACTION Essay
WHY DO WE CARE ABOUT HUMAN-COMPUTER INTERACTION - Essay Example Nocera (2007) Hence, the usage of information has drastically been enhanced since the advent of human computer interaction. This paper will discuss many facets of HCI which include: information systems, analog and digital systems, Artificial intelligence and speech recognition. One cannot understand the importance of HCI without comprehending what actually an information systems. Human Computer interaction is a collaborative effort that strives to connect people, network, software, hardware, and data in order to facilitate the daily operations of a business. There are many types of information systems that consist of: manual, informal, formal, and computer-based. Systems engineering derived from HCI in essence give valuable data to organizations that can be given evaluated upon, analyzed, and enhance the value of the key goals that the organization possesses managing information systems stems from internetwork enterprises. Foulds (2006) Information systems with Artificial Intelligence (AI) is a huge element because it allows children and technology. It is clear that internet and technology are vital components of the future. With the advent of technology, the internet has become a very strong force. Internet is a monumental channel that can have a positive and a negative impact on children. This paper will examine the pros and cons of the internet and its effect on children. Before dwelling into HCI, it is imperative to understand the history behind it. Human Computer Interaction has been a prominent idea from the beginning of 1970s when computers and humans began interacting with each other. Spreadsheets and computer games became highly critical because user interface became common. Nocera (2007) This was very basic interaction as modern technology have not been developed. Calculations, word processing, and excels also came later as basic processing and storage were the primitive examples of HCI. As years progressed, the logic behind
Friday, September 6, 2019
Measurement Theory And The Foundations Of Utilitarianism Essay Example for Free
Measurement Theory And The Foundations Of Utilitarianism Essay Utilitarianism Introduction à à à à à à à à à à à There are several theories which have been put forward by scientists to explain the actions of human beings and why people tend to behave in certain ways. One of the theories which have been put forward is the theory of utilitarianism (Weymark, 527-55). Utilitarianism is an ethical theory put forward by John Stuart Mill whereby he supports the value of utilitarianism in the society. Utilitarianism as describe by Mill is that it is a moral theory that is primarily based on the principle or view that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness (Mill, 8). Happiness which originates from the actions undertaken by an individual is defined as the ââ¬Å"absence of pain.â⬠à à à à à à à à à à à Furthermore, according to Mills, there is difference in pleasure in terms of the quality as well as the quantity of pleasure that an individual may experience. Higher faculties, as observed by Mill, provide greater pleasure as compared to pleasure from baser faculties (Burgess-Jackson, 529-47). Furthermore, Mill observed that the achievement of goals by people as well as ends such as good lifestyle is often counted as part of the happiness that those people enjoy (Mill, 8). à à à à à à à à à à à In addition, utilitarianism is considered as the principle of the Greatest Happiness whereby any actions that an individual undertakes are considered to be right as long as they generate proportional happiness to the individual (Mill, 8). If the actions by an individual instead of promoting happiness result in the opposite, that is pain, then the actions are deemed to be wrong. Human beings perform different actions with an aim of generating satisfaction which in turn generates happiness. For example, when an individual takes up a job, the person expects to be paid for the work done and the payment received in turn helps the person to live a comfortable life (Mill, 8). Therefore, the action of working is right since the end result is good life for the person which means happiness. If the action of obtaining employment does not generate benefit but instead suffering for the person, then the action of being employed is considered as wrong be cause the end result will be pain and suffering for the person. à à à à à à à à à à à The consequence of the actions that one undertakes is of great importance and is what matters under utilitarianism unlike the action itself (Weymark, 527-55). Any action, event, circumstance or even an experience is desirable for human beings if the final or end result or consequence is that it will lead to happiness (Mill, 8). Another example is in marriage. People get married since the end result of being in a marriage is considered to be happiness and therefore marriage within any given society is considered as a good action and always celebrated (Woodard, 246-65). On the other hand, death is an event in the life of human beings but the end result of it is pain to the people that are bereaved which mean that the act of dying is wrong under the utilitarianism theory. à à à à à à à à à à à I find that this theory of utilitarianism is very much applicable and makes a lot of sense in terms of helping us understand why people will take some actions and yet at some point there are people that may view the action as wrong (Burgess-Jackson, 357-85). Under utilitarianism, the action is only wrong if it results in pain and suffering and reduces the level of happiness but it is right if the end result is happiness and if it increases happiness. We are often faced with choices in life and what actions we are supposed to take. à à à à à à à à à à à From personal experience, I have always made decisions and undertook actions as a result of the end result that I will obtain. If the end result of a certain action that I am supposed to take is going to affect me negatively, I often forego the action and look for alternative. For example, I realized that if I decided to go to school and study, I will be able to get a good job and live a good life, which meant I will be happy with myself. If I choose to take on actions such as drug trafficking, I may get arrested and spend all my life in prison which will pain and suffering hence reducing my happiness (Weymark, 527-55). Based on the utilitarianism theory, I chose the action of going to school as the end results will help increase the level of happiness in my life unlike the other action of drug dealing. à à à à à à à à à à à Furthermore, this theory makes sense as it natural supports the sentiments of human beings which is found in their social nature. Human beings, we are social and always seek for happiness in all actions ad relationships that we build (Mill, 8). A woman would love a certain man and not another man because she perceives happiness with that person. According to Mill, a view which I fully support and makes sense is that, happiness is the only thing that people want in life and all the emotions, actions and activities that people go through or undertake are often directed at achieving happiness. à à à à à à à à à à à No one in this world wants to live a life of suffering and pain but all seek for happiness. I agree to this view based on an example of a sick man. When one is sick, and feels pain in the body, they cannot stay like that and just wait to die. Instead, people always seek the help of a doctor so that they can recover from the pain and enjoy the happiness of being healthy again (Weymark, 527-55). The action of going to a doctor for treatment is aimed at attaining happiness as the end result. Therefore, happiness is the center of human life and all issues in the life of an individual are directed towards achieving happiness, often with the benefit to the majority in mind. à à à à à à à à à à à Compared to utilitarianism, ethical egoism opposes by suggesting that people should be more self-centered and only undertake actions which will benefit them more despite the outcome ton the majority. Self-interest is the primary concern before the interest of other people under utilitarianism (Dougherty, 527-37). On the other hand, deontology is based on the rule or rules that guide the actions of an individual. However, despite morality based on rules, the element of happiness is not considered and hence no benefit to an individual (Dougherty, 527-37). It is more concerned with the actions of an individual rather than the consequences of those actions. An action can be considered as ethically wrong based on the rule despite having greater benefit to an individual and the society at large (Dougherty, 527-37). This is completely ion contrast to utilitarianism which is based on the consequences. Therefore, from the comparison of the three et hical theories, I would stand by utilitarianism since it looks after the interest of everyone, that is, the individual and the society at large. References Burgess-Jackson, Keith. Deontological Egoism. Social Theory Practice 29.3 (2003): 357-385. Academic Search Premier. Web. 9 Dec. 2014. Burgess-Jackson, Keith. Taking Egoism Seriously. Ethical Theory Moral Practice 16.3 (2013): 529-542. Academic Search Premier. Web. 9 Dec. 2014. Dougherty, Tom. Agent-Neutral Deontology. Philosophical Studies 163.2 (2013): 527-537. Academic Search Premier. Web. 9 Dec. 2014. Mill, John S. Utilitarianism. London: Longmans, Green, 1879. Print. P.8 Weymark, John A. Measurement Theory And The Foundations Of Utilitarianism. Social Choice Welfare 25.2/3 (2005): 527-555. Business Source Complete. Web. 9 Dec. 2014. Woodard, Christopher. The Common Structure Of Kantianism And Act-Utilitarianism. Utilitas 25.2 (2013): 246-265. Academic Search Premier. Web. 9 Dec. 2014. Source document
Thursday, September 5, 2019
Development of an Operational Plan
Development of an Operational Plan BSBMGT517 THEORY Performance Criteria: Research, analyse and document resource requirements and develop an operational plan in consultation with relevant personnel, colleagues and specialist resource managers. Activity 1.1.1 What strategies can an organisation use to research, analyse and document resource requirements for the development of an operational plan? For the development of an operational plan, an organisation needs to be able to research, analyse and document the resources on the following points The duration of the project; when it will start and the aim of completion. This should include current and upcoming desired and clear goals. Timeframes should be set at the start with clear plans about the project. Financial resources; how much fund is currently available to sustain the project and any risk that may occur in the funding needs to be identified prior. It is important to be able to convince investors and suppliers about the plan and the resources needed to help achieve a profitable completion of the project. Human resource and other capacity requirements; evaluate the labour and the skills needed and available that are important to complete the project. It is important to consider where the human resources will come from and how many staff are required. This should include maintenance and servicing resources such as customer service. Identify the risk and evaluate mitigation strategy; what are these strategies and how to overcome if they were to arise. For instance, if there is a gap in resources, there need to be a plan to fill in the gap. So, all risks are evaluated and plans are devised to be prepared and also to minimise the occurrences of these risks. The ability to measure the performance to monitor improvements need to be available. Performance Criteria: Develop and/or implement consultation processes as an integral part of the operational planning process Activity 1.2.1 What strategies do you or could you use to consult with team members and other stakeholders to gain and utilise their input when planning a project? There are several ways available to consult with team members about their input on a project. Emails and intranet may be used as a quality assurance and a way to improve the process. It is also an efficient way to get the same message across the whole group, especially in big organisations. On the other hand, it is an approachable system to welcome any opportunities for the staff to respond and provide feedbacks. This will contribute to the planning process and goals. Also, newsletters may be used to provide the staff about the important information about the plan with open opportunities to revert back with feedbacks. Furthermore, the use of surveys, questionnaires and information sessions may help to encourage staff to respond by providing specific feedbacks about the project. Quantitative and qualitative data are gathered for the operational plan of the project. In addition, there can be meetings; formal or informal. While informal meetings can be held anytime and anywhere, formal meetings require a safe and controlled environment. Both ways aim to gather feedbacks. Another different way to consult teams members are through interviews. Structured interviews may help the management to get the feedbacks needed in regards to specific aspects of the operational plan. These are done through specific questions. A more open way to gather such feedbacks and information is through brainstorming sessions whereby new ideas and solutions are generated. These are analysed to further determine its importance. To make these sessions fruitful, it is important to always welcome and recognise the effort of all participants for bringing their input and feedbacks to the organisation. This is in order to encourage moreà open participation. Performance Criteria: Ensure the operational plan includes key performance indicators to measure organisational performance Activity 1.3.1 Key performance indicators act as benchmarks against which organisational goals and performance can be measured. List several areas of a project which might have key performance indicators reflected in an operational plan? Key performance indications may be used in an operational project to build goals. Setting a realistic aim will not only help staff to work towards it but it can also be used to reflect the profit of the organisation with quantitative targets.à à Areas of a project where key performance indicators are reflected are Targets; sales and services will all work towards reaching the target Measurement of the growth in the organisation; this can be through sales or profit Objectives to help improve the system Initiatives for growth and increase performance. Performance Criteria: Develop and implement contingency plans for the operational plan Activity 1.4.1 Contingency plans deal with unexpected events and/or occurrences, and/or when things go wrong.List several areas where contingency planning would be typical? Areas where contingency planning is important are: Outsourcing human resources/ labour to cut down the cost used mutil function or skills. Contracting out then help to get a person with special knowledge and skills to bring their input at a lower cost and some organisations may even look into this strategy when an internal department has ceased functioning. Diversification of outcomes may help towards an achievable and profitable end result when many departments help to contribute towards the final result. Since the target is spread over a larger area, increase productivity from human resources help to contribute towards a bigger outcome. Cheaper and lower quality products help to moderate the budget. Globalisation helps towards competition and cost effective strategies and therefore more profit. Increasing sales or productions will increase profit. It is important to cater needs and resources towards the customer service department providing adequate training programs. By reinforcing their skills, it will help to reach key performance indicators. Recycling and re-using is a strategy to raise the organisational social responsibility towards the environment. Many customers are more inclined to buy consciously to protect the environment from these organisations. Rental and hiring alternatives are better ways to get hold of cheap resources than buying them. Negotiation helps to save on cost on the procurement of these resources needed. Restructuring of organisation to reduce labour costs is necessary at time to reduce expenses. Sometimes, some organisations will downsize in the aim of focusing on profitable departments only. Other departments that do not sell as their service or products, are not in high demands anymore, will cease to operate. Risk identification, assessment and management processes. Unfortunately, a rise in injuries due to hazards and risks put financial stress on organisations. So in order to minimise the risks of this happening, risk assessments are performed to reduce the occurrences of injuries. Sometimes, feedbacks from staff help to work out better strategies to manage injuries and also raise awareness of the importance of staying safe. Seeking further funding is important especially when the budget available is not adequate to reach the targeted goal. Strategies for reducing costs, wastage, stock of consumable can be done by using another supplier with lower costs that is able to produce at a cheaper rate Succession planning is important to identity good potentials within the organisation who are able to fill in important roles. Performance Criteria: Ensure the development and presentation of proposals for resource requirements is supported by a variety of information sources and seek specialist advice as required Activity 1.5.1 Provide several examples of the type of information sources and or specialist that may be used or accessed in the development and presentation of proposals for resource requirements within your organisation or area of activity? Raising funds is very significant to help achieve the goal of the operational plan. Raising funds help to obtain resources such as human resources/labour, capital resources and financial resources. If more funds is needed, the organisation needs to work on further strategies to obtain such by influencing senior management and skateholders to invest in order to supply these resources and in turn, get a profitable return. Developing a business proposal is a strategic plan and needs to be appealing enough to stakeholders so they can invest in it. They need to believe in its success, hence, devising a proposal is important to demonstrate the potentials behind the project. A business proposal needs to be convincing and needs to primarily cater the needs of the stakeholders investing in it, at a higher benefit for the latter. Identifying strategic goals such as marketing strategy helps to increase the organisations market share, therefore promoting the productivity of the organisation. Human resource strategy can be used to improve staffing experiences and skills. Management strategy, through emotional intelligence, also contributes towards productivity. Similarly, technological strategy helps to improve production line. Specialist advice can come from many informative sources such as managers, marketing specialist, financial consultants, accountants, suppliers, internal and external customers and the sales team. Customers feedbacks are also important to cater better needs and improve on the product efficiency. Presentation is the key to selling a business operational plan. The use of graphs helps to visually demonstrate costs, contingency plans and risk management plans and strategies to fund the plan. The more the organisations goals and benefits are reiterated and are made believable, the more comfortable the stakeholders will feel about investing in it. Performance Criteria: Obtain approval for the plan from relevant parties and explain the plan to relevant work teams Activity 1.6.1 From whom within your organisation or area of activity would you need to gain agreement and or endorsement for the approval of the operational plan, and once approved how would this information be provided to work teams and other stakeholders? An operational plan needs to be presented to the executives of the hospital, the director of nursing and the Chief executive officer for approval. It is usually via a systematic approach where justification is provided for the required funding. Each ward managers get to present their ideas and plans and relevant funding is then distributed according to their priorities. The decision is mostly based on the values and missions of the hospital. For instance, if funding is required to improve something important on the ward that has direct impact on the safety of the customers, it is more likely to be granted. Any ideas that will help to improve the risk management strategies will be taken seriously. Henceforth, it is important for managers to present their case in such a way that their operational plan is considered in accordance with the hospitals goals. Generally, once approved, the information is then passed on to the staff in the form of informal meetings, generally held every Thursday and also by email, so that the same information is delivered to every employee of the department. Flyers and newsletters are also posted on the common notice boards so everyone gets acquainted with the approval of the operational plan. Performance Criteria: Develop and implement strategies to ensure that employees are recruited and/or inducted within the organisations human resources management policies, practices and procedures Activity 2.1.1 What strategies could you use to ensure team members are clear about their roles and responsibilities as well as the requirements of the operational plan? Firstly, the team member gets to be acquainted to the roles needed prior to applying for it. Jobs and roles are advertised with specified skills needed and the employee gets to apply in relation of the demands and skills they can offer to the organisation. A resume is sent to the organisation and a selection process is undertaken in the form of an interview. This first step through applying and being recruited give the team members a clear perception about their roles and the responsibilities that are expected from them. The second step whereby the team members get acquainted to their roles is through an acceptance offer, a contract. Through a contract, the employer, through the Human Resource department, get to elaborate in writing about the roles and responsibilities of the employee. This contract is dully signed and returned to the Human Resource department as an agreement and acceptance of the roles and responsibilities required. The contract or acceptance letter has descriptive information: The dynamics of the workplace The role description in accordance to the mission and the values The collective agreement under the fair work act The hours or work, the flexibility of work and the remuneration The position description and title The allowances The superannuation The leave entitlements The period of probation/ engagement The commitment to performance review The policies and procedures The employee conduct; professional behaviour and attitude Variation to the terms of employment Confidentiality of the workplace The property of the employer The third step whereby the employee gets acquainted to the expected roles and responsibilities is through an induction of the workplace. An orientation or supernumerary time allows them to understand the dynamics of their department and the goal of the operational plan. Performance Criteria: Develop and implement strategies to ensure that physical resources and services are acquired in accordance with the organisations policies, practices and procedures Activity 2.2.1 Provide several examples of the type of strategies which might be required to ensure specific resource needs policies, procedures and practices? Strategies are in place to ensure physical resources and services are gained in accordance with the organisations policies, practices and procedures. These are: Supplier relationship; a good framework to strengthen important relationships. Being able to understand, analyse and focus on suppliers relationships help to be productive, efficient and compete in the market. It is important to identify how the supplier has an impact on monetary outcomes. Points to be considered are; what the suppliers are looking in the relationship, the way the supplier is used by the organisation and how it affects the organisations relationships with other suppliers. Purchasing; the supplier is the expert on the product and hence knowledge can be used from them for decision making processes and increasing performance. Choices are between purchasing internally or externally. Transport; cost effective strategies to save on storing, delivering and suppling the goods. The operations strategies can be sought from the supplier to handle and improve key relationships Networking; available contacts and resources that can be relied on to either get information or improve productivity. Relationship costs; surviving the impact of globalisation. It is important to minimise the procurement costs such as transport and customer service. The relationship benefits; what the organisation needs, the cost it incurs for these needs e.g. equipments, labour and cost of the products and services determine the benefits for the organisation. Obviously, a low operational, production and administration cost is more favorable and incurs less expenses. Revenue is then higher and can in return meet the demands of the customers. Clear communication; clear and concise. This helps to make sure the supplier and the organisation both knows what is expected and they can both work towards the same goal. Honesty; a reliable team. This favours good managerial relationship and each party is then accountable to fulfill their duties and promises, in turn enhancing the relationship. Practices and procedures are also taken into account in order to incorporate The culture of the organisation The guidelines of the organisation which determines operational functions such as human and physical resources Operating procedures and policies Undocumented practices in line with the operations Clear purchase orders to prove reliability and efficiency. Performance Criteria: Recognise and incorporate requirements for intellectual property rights and responsibilities in recruitment and acquisition of resources and services Activity 2.3.1 Requirements and responsibilities for intellectual property rights is an important part of the business environment, an organisations are wise to take steps to protect their own intellectual property, and also to honour the intellectual property rights of organisations from whom they have acquired relevant resources. When acquiring resources and services, it is important to acquaint to the intellectual propertys rights and responsibilities. Non-compliance to the later may result in legal consequences. For instance, material obtained from the internet may involve serious copyright issues. These unlawful accesses involve breaching the intellectual property of the involved organisation. Intellectual property is usually protected by many policies, procedures to reinforce the rights of acquisition. Policies, procedures and information include licensing agreements, information to ensure copyright protection, licensing agreements, procedures to register intellectual property rights or assets. Many organisations have policy in place to govern and manage ownership of intellectual property in an effective, efficient and ethical manner. These policies may include an explanation of any terminology relating to the property, mention of the relevant legislation, the types of intellectual property, disclosure of the property, information about marketing, commercialisation or licensing of the intellectual property and information if infringement happens. Another way of protecting intellectual properties is by licensing agreements for instance, a licensing document. These are devised to allow the owner to agree to terms and conditions and the other party to comply with the agreement. The ownership is thus maintained and it is beneficial for both parties. A license can cover product development, the manufacture, the marketing and the sales. Another form of licensing is franchising whereby distribution of goods and services occur with agreed terms between the owner of the intellectual property and the party paying to access the rights over the intellectual properties. Copyright is another way of protecting intellectual property to maintain the initial creativity of an idea or concept, be it on paper or electronically. A copyright notice clarifies the ownership of the intellectual property restricting its reproduction without permission. Trade marks can also be used to protect intellectual property. Prior to applying for registrations, online database needs to be scrutinised to make sure there is no similar product. Once cleared, the trade mark is then published in the Official Journal of Trade Marks whereby opponents may dispute its originality. If no oppositions are made, the application will go forward. There are several ways to register intellectual property assets. For instance, designs can be registered through the Australia Official Journal of Designs, Patents through the Australian Official Journal of Patents; Trademarks through the Australian Official Journal of Trademarks and Plant breeders through the Official Journal of plant breeders rights. Performance Criteria: Develop, monitor and review performance systems and processes to assess progress in achieving profit and productivity plans and targets Activity 3.1.1 How can you monitor and review the outcomes and achievements of operational plan against intended benchmarks and KPIs? There are several ways of monitoring and reviewing the outcomes and achievements of operational plans against benchmarks and KPIs. These are Quality assessment; gathering collective data to measure and analyse performance such asà observing service delivery, focusing on client method, auditing individual records, reviewing the data from an information system, testing a group, health worker interview, patient interview. Devising a quality monitoring system; data and design monitoring tools. This is in order to see the trend in indicators and monitor progress. Data are also used to identify any problems in the system that may be the result of poor performance. Three ways data are used; placing them in tabs, analysing them and interpreting them. This is later used in managerial decisions. External evaluation; process by which an external body provide feedback about an organisation performance. This can be done via an audit of in health care; accreditation. Certification is then required to acknowledge the competence and legal requirements of a group or organisation. Performance appraisals; a way for the management and HR department to provide feedbacks about the performance of their employee. This is instantaneously undertaken whereby the real time reports are given to employee about their performance. Managers are able to assess if their employees have been competent in undertaking tasks or organisational requirements. This is a systematic approach to evaluate the standard of an employee and also help to determine any increase in pay or promotions. It also helps to identify professional developments needs and set future goals to work towards better productivity. Process appraisal; a way to assess the functional and operational resources. This is to identify the equipment that are failing or need improvements, the tasks that are time consuming and the risk and hazards of the workplace. For quality improvement and to enhance productivity, these resources are maintained on a regular basis to make sure it wont slow down the line of productivity. Cost and variations in the process of maintenance is also evaluated to assess how these factorsà are significant in order toà achieve quality improvement. Performance Criteria: Analyse and interpret budget and actual financial information to monitor and review profit and productivity performance Activity 3.2.1 What role do you or would you play in the development of a budget for an operational your organisation or area of activity, and who has final approval of this budget? Once the budget is approved, it is important to keep all the financial decisions and information involved such as the: Budget; all the expenses incurred The ratio analysis The forecast about the future expenses The cash flow statements The profit and loss statement The balance sheets of crediting and debiting cash The investments and liability reports. There are several factors that may affect the budget and so, it is important to keep a record of these factors and variations such as the changes to legislative requirements and innovations. To be financially aware will help guard any unforeseen circumstances. Financial reports help to justify profit or loss statement that will show the trend in productivity or fraudulent transactions. Performance Criteria: Identify areas of under-performance, recommend solutions and take prompt action to rectify the situation Activity 3.3.1 What strategies could you use to ensure team members are clear about their roles and responsibilities and to address under-performance issues? To ensure team members are clear about their roles and responsibilities, it is often useful to methodically raise questions that will help them to evaluate possible issues and devise solutions themselves. This is done by action learning. It helps a team to conduct a project with continuous improvements, assistance where needed and ongoing feedbacks.à The team will have a definition of the actual issue and appropriate awareness and solutions. This helps to understand organisational change and understand throughout a work group culture. It brings along new ideas and skills beneficial for the organisation. The team develops values such as openness, trust, collaboration, team spirit and cultural diversity and respect. Action learning highlights that mistakes do occur and helps the team to tolerate and action them. Likewise, action learning can be used to identify under-performance issues. An effective and quick strategy is to make sure that any changes do not deviate from the actual operational and strategic plan. Action learning helps to identify and recognise these changes with appropriate solutions. However, problems do not always arise from the process. There are many external factors that may interrupt the dynamics of action learning such as attitude, conflicted understanding or another group with performance issues. Performance Criteria: Plan and implement systems to ensure that mentoring and coaching are provided to support individuals and teams to effectively, economically and safely use resources Activity 3.4.1 What strategies do you or could you use to implement systems which ensure that mentoring and coaching are provided to team members in a safe, productive and economical manner? External parties to coach staff may be time consuming and expensive. Sometimes, it is best to allocate a mentor in order to save on cost and time. The mentor may need to perform a skill gap analysis to spot any gaps in performance, devise and demonstrate the desired expectations of performance to meet goals and eliminate any gaps. In order to be productive, mentors need to focus on their team and support each individuals growth. The manager needs to also identify whether the problem comes from the unawareness of the team regarding the goals or whether it is from a specific individual performance. If the issue comes from performance, coaches should be used to teach the group. On the other hand, if the issue is from a behavioural standard such as lack of confidence, then a mentor must be allocated to cater the specific individual need to improve his performance. This is safe and productive as mentors have specific targets to improve the success and performance of an individual and coac hes deliver skills to tackle tasks, challenges and works expectations. Both coaches and mentors are usually selected from members within the organisation. This is because they already understand the dynamics of the workplace and have the skills required to change performance challenges. It is important for both mentors and coaches to provide ongoing feedback and support the staff members. Coaches are normally leaders that need to use their authority to make sure all workers comply with the expected standard of performance. Their coaching is rather task related and will expect the individual to perform at the required level to improve their knowledge, skills and abilities to perform a task. Performance Criteria: Negotiate recommendations for variations to operational plans and gain approval from designated persons/groups Activity 3.5.1 From what stakeholders within your organisation or area of activity would you need to gain agreement and or endorsement from for variations to operational plans? Prior to gaining agreement or endorsement for operational plans, it is important to consult the following team for approval The policy and procedure committee depending on its relevance Standards committee in association with the topic that is involved The workplace healthy and safety manager and advisor to maintain a safe environment while undertaking these variations in the operational plan The board of executives for approval: CEO, coordinators, director of nursing and managers The staff of the designated department to make sure the operational plans is well understood prior to commencement Performance Criteria: Develop and implement systems to ensure that procedures and records associated with documenting performance are managed in accordance with organisational requirements Activity 3.6.1 What sort of records an information are required for the operational plan for your organisation or area of activity? Documentation is the main form of records in our organisation. In the healthcare industry, it is important to maintain ongoing documentation. This applies in the human resource sector, the billing sector, the booking sector, the nursing department and others. Records of the improvement processes help to measure performance and also innovation. Documentation such as operational plans, strategic goals, contingency plans, job advertisement, quality improvements, staff appraisals, leaves approval and the care of patients are highly recommended. For every step, there are specific forms designated to assist the organisation in keep records. Once completed with the approval, these forms are kept as per the policy of the organisation and filed away. For instance, any medical records go through a system of scanning and software storage for an indefinite period. This is safe with an optimum level of securityà which is electronically verified.à Future generations can access these document s anytime and some data may be important not only for improvements but raising awareness of previous mistakes, so history doesnt get repeated.
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