Tuesday, August 25, 2020

The Psychology of Post-Conventional Morality and Martin Luther King Jr.

Presentation Ethics, as characterized by clinician, are the perspectives and convictions held by people that guide in the assurance or what is correct and what's up (Hock 142). It is accepted that what is considered good is controlled by our way of life and the standards present in that culture. It is additionally accepted that we are not brought into the world with a set up set of ethics; rather, we should pick up this blueprint of what is good all through our youth and puberty and into adulthood. So as to appropriately break down the degree Bandura social learning hypothesis plays in the achievement of level three, phase six, of Kohlberg’s moral advancement hypothesis the speculations of Kohlberg and Bandura must be appropriately delineated. The utilization of these speculations will at that point by applied to instance of Martin Luther King, Jr. who watched, through writings, the peaceful dissent techniques for Mohandas Gandhi. Lawrence Kohlberg, concentrating his examination on Jean Piaget, picked up in enthusiasm for youngster advancement. While at the University of Chicago, Kohlberg clarified upon the thoughts set out by Piaget and suggested the conversation starter â€Å"how does the irreverent newborn child become equipped for moral reasoning† (Hock 143)? Because of his exploration, Kohlberg made his ethical improvement stage hypothesis. His hypothesis comprises of three phases and each stage has two particular levels. In the principal level, known as either pre-ordinary ethical quality or pre-good, an individual shows just personal circumstance. In the main phase of this level an individual will act ethically basically in light of the fact that they are spurred by remunerations or disciplines. In stage two, the wellbeing of the individual is the inspiration for moral conduct. Customary profound quality, the subsequent level, is the place a person’s connection between others assumes a bigger job in moral beha... ...a be proposed that one can grow ethically even without this immediate model-onlooker connection if every other condition are met. These conditions being: consideration, maintenance, engine multiplication, and inspiration. This exposition has endeavored at declaring that history can directly affect moral turn of events and can go about as the model when applied to circumstances that contain the mix of variables. Book reference 1) Hock, Roger R. Forty Studies that Changed Psychology: Explorations into the History of Psychological Research. fifth. Upper Saddle River, NJ: Pearson Education, 2005. 142-50. Print. 2) Weber, Thomas Gandhi as Disciple and Mentor. Cambridge: Cambridge University Press, 2004. 3) Rudolf, Lloyd L., and Susanne Hoeber Rudolf. Post Modern Gandhi and different papers. New Delhi: Oxford University Press, 2006. 92-120. Print.

Saturday, August 22, 2020

Week two questions Assignment Example | Topics and Well Written Essays - 750 words

Week two inquiries - Assignment Example During the time spent thinking about what to place into advertise, other than having business development as a main priority it is likewise critical to set up the appropriateness of the item to the client. In that line, the association may be compelled to continually look for the chance to present new items and new methodology to attack new markets and furthermore to make new hierarchical structures. Building up smart thoughts from impractical notions is one central point in setting up a market specialty. Having the option to relate what the client desires are as to a specific item particularly the last item quality whether high or low doesn't rely upon the value versatility of interest. Or maybe, it connected more with the particular needs that the specific item is intended to fulfill. This is an idea that is proposed to comprehend an example among effective promoting organizations. It expresses that battles made one of a kind suggestions to the client and this persuades makers to switch brands. At the end of the day, it implies any part of an item that separates it from other comparative articles. Case of an item with an incredible remarkable selling recommendation is the Bata shoes from Bata Company. Buying a couple from their stores certainly leaves a client fulfilled. They have an advantageous and client well disposed online store for which they sell shoes and different extras. They have fantastic administrations since they offer free transportation and free return dispatching for the bought shoes that clients don’t need. This occasionally works for Bata Company when the clients keep the bought sets of shoes. Be that as it may, for the situation when the clients will not take the sets of shoes and pick to deliver them back, it cuts into the edge of the organization and this brings down the net benefits. Other than all these, Bata is known as the helpful, client amicable, and most confided in approach to buy shoes on the web. This has made

Sunday, August 9, 2020

Giveaway NO TIME TO SPARE by Ursula K. Le Guin

Giveaway NO TIME TO SPARE by Ursula K. Le Guin This giveaway is sponsored by No Time to Spare, new essays from Ursula K. Le Guin. Ursula K. Le Guin has taken readers to imaginary worlds for decades. Now she’s in the last great frontier of life, old age, and exploring new literary territory: the blog, a forum where she shines. The collected best of Ursula’s blog, No Time to Spare presents perfectly crystallized dispatches on what matters to her now, her concerns with the world, and her wonder at it: “How rich we are in knowledge, and in all that lies around us yet to learn. Billionaires, all of us.” We have 10 copies of No Time to Spare by Ursula K. Le Guin for 10 Riot readers! Just complete the form below to enter. Entries are limited to the United States and will be accepted until 11:45pm, Tuesday, December 12th. Winners will be randomly selected. Oops! We could not locate your form.

Saturday, May 23, 2020

What Is the Gamblers Fallacy

A fallacy in which an inference is drawn on the assumption that a series of chance events will determine the outcome of a subsequent event. Also called the Monte Carlo fallacy, the negative recency effect, or the fallacy of the maturity of chances. In an article in the Journal of Risk and Uncertainty (1994), Dek Terrell defines the gamblers fallacy as the belief that the probability of an event is decreased when the event has occurred recently. In practice, the results of a random event (such as the toss of a coin) have no effect on future random events.   Examples and Observations Jonathan Baron: If you are playing roulette and the last four spins of the wheel have led to the balls landing on black, you may think that the next ball is more likely than otherwise to land on red. This cannot be. The roulette wheel has no memory. The chance of black is just what it always is. The reason people may tend to think otherwise may be that they expect the sequence of events to be representative of random sequences, and the typical random sequence at roulette does not have five blacks in a row. Michael Lewis: Above the roulette tables, screens listed the results of the most recent twenty spins of the wheel. Gamblers would see that it had come up black the past eight spins, marvel at the improbability, and feel in their bones that the tiny silver ball was now more likely to land on red. That was the reason the casino bothered to list the wheel’s most recent spins: to help gamblers to delude themselves. To give people the false confidence they needed to lay their chips on a roulette table. The entire food chain of intermediaries in the subprime mortgage market was duping itself with the same trick, using the foreshortened, statistically meaningless past to predict the future. Mike Stadler: In baseball, we often hear that a player is due because it has been awhile since he has had a hit, or had a hit in a particular situation.The flip side of this is the notion of the hot hand, the idea that a string of successful outcomes is more likely than usual to be followed by a successful outcome... People who fall prey to the gamblers fallacy think that a streak should end, but people who believe in the hot hand think it should continue. T. Edward Damer: Consider the parents who already have three sons and are quite satisfied with the size of their family. However, they both would really like to have a daughter. They commit the gamblers fallacy when they infer that their chances of having a girl are better, because they have already had three boys. They are wrong. The sex of the fourth child is causally unrelated to any preceding chance events or series of such events. Their chances of having a daughter are no better than 1 in 2--that is, 50-50.

Tuesday, May 12, 2020

Communication Is The Key Of A Marriage - 958 Words

†¢ Communication Communication is the key in a marriage, it can make and break a marriage. In order to manage conflict in a marriage the answer in communication. Various marriages have diverse ways of communicating. Sue and Bill problems are mostly created due to the lack of an effective communication skill. Communication and intimacy goes hand in hand. Increase in communication between a couples can increase the intimacy between that couples. Before will had an affair there was a lack of confirmation between sue and bill. They fail to recognize each other and express the worth the person has to the significant other .The lack of traction management in this marriage has caused the conflict in between bill and sue to escalade that not only them are the victims of this conflict but also their children. The disability to exercise self-control has created this breach in their marriage because every single conversation that arises does not accomplish anything but all it does is ass more fuel to the fire. According to this passage Bill works long hours at a factory, he pays child support to Kiki and in addition he provides money for Sue and their children’s needs. After his long day he come home to fight with his wife, the failure for sue and bill to study there partners metamessage or conversational style has created conversational pattern that is detrimental to the marriage. †¢ Conflict Conflict can occur in a marriage when one spouse needs or desire are mismatched to the otherShow MoreRelatedEssay about The Concept of Marriage985 Words   |  4 PagesMarriage is the bonding between people by social union or legal contract. Marriage is when two people have a wedding ceremony to exchange vows before God and their family. 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Most importantly, the husband and wife need to bothRead MoreThe Human Race Progress Without Communication864 Words   |  4 PagesHow much would the human race progress without communication? The procedure of communication has been vital to any growth or development made by humans over the years. From humanity’s beginnings as cavemen, with no formal communication system, to modern days, when people can seemingly communicate with anyone, anywhere, it has always been very important. Communication is a series of processes involving certain key elements and the relationship between them, allowing people to form and interpret messagesRead MoreEssay on Circumplex Model1266 Words   |  6 PagesIntroduction Marriage and Family are very important aspects of the human experience. These two units play vital roles in who individuals are and who they may become. Many times issues or problems arise in the marriage and family structure thus, requiring therapy in order to make matters better. 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This will highly effectRead MoreSelf-Disclosure, Gender, and Communication639 Words   |  3 Pageshead: SELF-DISCLOSURE, GENDER, AND COMMUNICATION 1 Self- Disclosure, Gender, and Communication Gary Wayne McCoy COM 200 Interpersonal Communications Instructor: Jennifer Chagala February 11, 2012 SELF-DISCLOSURE, GENDER, AND COMMUNICATION 2 â€Å"Self-Disclosure, Gender, and Communication† Communication is one of the most important things in our lives. Quality communication in marriage is defined as the interpersonal, transactionalRead MoreCommunication : Understanding Interpersonal Communication1554 Words   |  7 PagesI. Introduction AND Thesis Statement Communication is the number one key in a relationship, especially when you re talking about marriage. I would like to take this moment to say congratulation on your recent marriage. I want to tell you that communication helps build a healthy personal foundation by implementing small talk in helping resolve conflicts through growth and helps reduce any barriers that prevent you from having a happy, successful marriage. Remember that no one is perfect at communicatingRead MoreDivorce Is More Popular Than Marriage868 Words   |  4 Pagespopular than marriage. As soon as you say,† I do,† the odds are not in your favor. One in two couples do not survive, they get divorced. Society is in a downward spiral with making a marriage last. We have become quitters; when times get hard we quit. The small things are the most important in a marriage. There are easy ways to make a marriage last. Having a healthy sexual relationship is vital for any marriage. Remembering the reason why you got married to begin with is important in a marriage. There

Wednesday, May 6, 2020

Qoheleth Free Essays

At one time or another, most adults question the meaning of life. In Ecclesiastes, one wise man reflects on whether or not life has meaning, and he finds his answer. Qoheleth, the main character, has some pretty gloomy things to say about life: â€Å"Futility of futilities! All is futile. We will write a custom essay sample on Qoheleth or any similar topic only for you Order Now There is nothing new under the sun. † (1:2, 1:8) But Qoheleth perseveres in his effort to find meaning in life. Through Qoheleth’s struggle to find life meaningful, readers might come to better understand – and accept – their own search for meaning. After noting that life goes through cycles and that there is a â€Å"time to every purpose under heaven,† Qoheleth begins his experiment in lifestyles. He is trying to find the answer to this question: â€Å"What kind of life will make me content and give fulfillment and purpose to my life? † To find the answer, Qoheleth sets off to try a series of experimental lifestyles, but in each he finds these pursuits wanting, no matter the outcome of his pursuits. In the end, he finds that we all die, that â€Å"all is futile. † His discouragement increases; despair is near.He continues to search for a purposeful, meaningful life. He is determined to find the meaning of life. That determination comes from a faith that life does have meaning. Qoheleth must wait till the end of his journey to find out what life adds up to, and his answer is a return to faith in God: â€Å"The sum of the matter, when all has been considered, is to revere God and keep God’s commandments. † (12:14) Qoheleth’s conclusion offers encouragement to those who travel life’s journey, in search of a meaningful and fulfilling life.Death is a problem for Qoheleth because it is a finite situation in his understanding. â€Å"Sheol† is the abode of the dead, neither Heaven nor Hell, but more similar to the underworld of the ancient Greeks. There is no escaping it; everyone will go there. In his views, Qoheleth determines that humanity’s fate is no better than that of the animals on Earth, all will return to dust in the end. This view on death must have greatly contributed to Qoheleth’s views that â€Å"all is futile. In my own regard, I do not have this similar problem that he had; I believe in an afterlife in which there is a Heaven and a Hell, an afterlife where we own to some degree where we will end up, an afterlife where Jesus Christ has saved humans from their sins. This outlook has allowed me to pursue my own specific meaning in life, to try to find joy in certain pleasures here on Earth. However, I find in my own journey through my existence that I believe that living an enjoyable and fulfilling life here on Earth does not exactly translate to procuring a righteous position in the afterlife.Invariably, I find that even though death is not a limiter in my own views on this topic, or that all is not futile; I do end up agreeing with Qoheleth in his view that a return to a faith in God is implicit also in my view of the meaning of life. The book of Ecclesiastes conveys a clear message that life without a proper relationship with God leads to an unfulfilled life. The wisdom contained in the book of Ecclesiastes could easily be overlooked or discounted by modern Christians.Without a deeper study of the Old Testament book of Ecclesiastes you would not gain the wisdom for life that is being imparted, it would merely seem an angry and depressed writing. Because of this course study I have found some important insights to shape and strengthen my Christian values and ethical framework. Through the reading I have found that my values and ethical framework need a stable and unchanging foundation that is only found in and through the work of God. Satan would seek to convince you that you are in control and can make the right decisions regarding your values and ethical framework.If you follow this path, the author of Ecclesiastes clearly states that you will find yourself in conflict with God, and subject to God’s judgment. Therefore, your focus must be on God and His will for your life. This requires an ongoing relationship with God. Another insight grasped is that I need to make decisions and choices that create lasting value. We live in a world that is focused on the immediate, the pleasurable and the most self-serving. Often there is little concern about how the decisions and choices we make impact or influence others.In many cases, I have failed to put God in the â€Å"little things† thinking that I could â€Å"handle it. † Later, I find myself right where I should have gone in the beginning and that is to God for guidance. My goal is to seek to please God in all that I do. By living by this principle, I will be able to put my values and ethical framework into action, every day. In the area of decision-making I also need to insure that I maintain a proper perspective about work that will create a lasting value. Another implication of Ecclesiastes’ message is that I need to develop the trait of patience because God’s timing may not always line up the way I want. We live in a world that expects instant gratification and patience is not appreciated but scorned. I am not surprised that this book is included in the Bible. While it does show off a different style of writing, one with notes of despair and hopelessness, it also is written in a more relatable way to the â€Å"layperson† who is reading it, and provides questions as to which they should be asking of themselves.While the book of Ecclesiastes clearly points out that a life of fulfillment and satisfaction only come from a proper relationship with God, it also clearly states that dying without that relationship results in eternal judgment by the very God that was rejected. Our goal should be focused on building toward that time when we face judgment and want God as our advocate. My study of the themes and messages of the book of Ecclesiastes have truly had a positive impact on my values and ethical framework. It has helped me to re-affirm the importance of my relationship to God and to more fully understand that following the ways of the world will put me in conflict with God and His plan for my life. It also strengthened my belief that I am accountable for my decisions. There was a lot more wisdom in the book of Ecclesiastes than I had realized. Peter Kreeft, in his analysis on the Book of Ecclesiastes, provides us with some deeper insight into the content matter of Qoheleth’s writings. Kreeft makes many observations on how the book is written.He states, â€Å"The book’s rambling is deliberate, for this form perfectly expresses its content, its message: that life rambles to nowhere. [ . . . ] Its form is one with its content: the test of great poetry† (24). This is one connection that I did not make personally, but Kreeft sees this writing style as an allegory for the message of Qoheleth, and I agree with Kreeft in this observation. Another observation that stood out to me was that Kreeft says, â€Å"there is nothing more meaningless than an answer without its question† (Kreeft 19).I like this because even after Qoheleth searches for meaning in life via various avenues, he does not ignore the problem like so many of us would, he continues and perseveres in his quest for knowledge, and realizes that if he were to give up in his search for a meaning to his life, and just mask this problem with his experimental lifestyles, nothing would have been accomplished. I believe this is a great observation, as it applies to present-day situations as well. I also agree with the statement that the author makes in that he sees a need for God.He distinctly sees God by seeing the â€Å"stark outline of the darkness that the face of Jesus fills† (Kreeft 51). For me, God is who I turn to in order to provide meaning for my life, and I believe that Kreeft states that while Ecclesiastes asks the poignant questions, putting one’s faith in Jesus Christ is the answer to these questions.Literature Cited The New Oxford Annotated Bible: New Revised Standard Version with the Apocrypha. Oxford:   Oxford University Press, 2001. Print Kreeft, Peter. Three Philosophies of Life. San Francisco: Ignatius Press, 1989. 13-58. Print. How to cite Qoheleth, Papers

Saturday, May 2, 2020

Corporate Governance Affects Corporate Bankruptcy Risk - Samples

Question: Discuss about the Corporate Governance Affects Corporate Bankruptcy Risk. Answer: Introduction: Corporate governance and corporate bankruptcy risk are interrelated to each other and in recent years, considerable attention has been given on corporate governance. Some of the previous studies have reasoned that there is noteworthy distinction between bankruptcy profitability as well as corporate governance. For bankruptcy, no distinguished word has been established and it is described as decrease in profitability power of company to make repayment of main debt and interest rate. The literature review on the topic concerned is provided by thesis with empirical results and theoretical foundations. Many issues surrounding the bankruptcy and corporate governance are still not resolved and this provides abundant of opportunities for conducting further research. One of the factors that are of increasing importance to corporate governance is prediction of bankruptcy. Main objective of report: The main purpose of preparing report is to ascertain the significant relation between bankruptcy profitability and corporate governance. Analysis of relationship is done by viewing journal articles for supporting the arguments that are presented. Findings summary from literature review: The findings concerning association between bankruptcy risk and corporate governance depicts that occurrence of fiscal crisis probability is decreased by the influence of managing director. However, the features of corporate governance do not considerably influence the occurrence of bankruptcy and financial crisis. It has been concluded that internal control of company is influenced by managing director that help in preventing the bankruptcy and financial occurrence (Dittmar and Duchin 2015). Moreover, it has also been proved that financial conditions of organization and independence of boards of directors are significantly related to each other. It is concluded by such findings that there were less unbound members in the board of directors of the companies who had faced financial risks (Akbar et al. 2016). Furthermore, it has been analyzed in an article, the relationship between risk of bankruptcy and corporate governance is explained by firms need for specialty knowledge and degree of complexities of firms. It has been suggested by the findings from research that risk of firms bankruptcy is inversely related with inside director proportion on board. An organization having better operating performance with strong governance implies that firms are less likely to fail if they have strong shareholder governance (Biddle et al. 2016). Focused discussion on topic with logical arguments and Comparing and contrasting views of different authors: In this particular section, various arguments concerning the topic are supported by reviewing the journal articles. An article on corporate governance indicators and financial ratios in bankruptcy predictions highlights the examination of financial ratios and corporate governance indicators. Most important feature in the study involves ownership and board structures, profitability, and solvency in financial ratios. The most important features in the bankruptcy prediction are corporate governance indicators categories of ownership and board structures (Dixon et al. 2015). However, the findings are not applicable in some markets when there are no obvious corporate governance indicators characteristics. Another article post bankruptcy reorganization performance and corporate governance is based on agency theory. Study is conducted for ascertaining the function of mechanism of corporate governance in determining the post bankruptcy firm performance. It is indicated by the findings from the research conducted that significant determinants of post bankruptcy performance of firm are monitoring and incentive mechanisms. Ownership concentration is the key monitoring mechanisms that are measured by shares held by largest shareholder of organization (Gsmi-ijgb.com 2018). It is indicated by results that such mechanisms and help in increasing performance post bankruptcy can mitigate agency problems in insolvent companies. In an article named does good corporate governance reduces credit risk, the objective of the study is to have a deeper understanding on debt holder and shareholder relationships and expanding the role of corporate governance in organizations. It has been found from the analysis that companies having or providing shareholders with the strongest rights tends to have higher debt financing costs. On other hand, shareholders having weaker rights have considerably lower risks to lower cost of debts and debt holders. An article from Mohamed Saleh Darweesh about correlations between market value, financial performance and corporate governance depicts that common cause of failure among firms are poor corporate governance and weak internal control. Various cases of corporate mismanagement and financial scandals have brought increasing attention on rules and regulation of corporate governance in association with issues of business ethics. Financial crisis and financial scandals in the organizations results in enhancing and strengthening regulation and rules of corporate governance. For contemporary business environment, system of corporate governance is considered important because conflict of interest between stakeholders and firms manager cannot be mitigated by legislations, economic theories and accounting standard (Cao et al. 2017). Findings generated from study depicts that a corporate governance model can be build by corporate governance that would help in protecting the rights of stakeholders and maximization of value of companies (Gherghina et al. 2014). A journal article extracted from eco.journals.com deals with the investigation on empirical relationship between firm value and ratings of corporate governance. It was found from the development of hypothesis in the article that empirical relationship between firm value and developed corporate governance ratings was not statistically validated (Haan and Vlahu 2016). An article extracted from emeraldinsight.com is determining how the financial risk of firms is associated with corporate social responsibility. Research purpose was intended to examine whether firms who are socially responsible are different in terms of financial risks. It was found from the analysis that firms who are socially responsible have better performance in relation to credit ratings and in terms of distance to default. The findings of article demonstrate the significance of considering both negative and positive company performance (Cust.edu.pk 2018). Journal article published and extracted from journal of finance, accounting and management by Aly Salama, Lijuan Xiao and Robert Dixon intend to analyze the relationship between earning management and corporate governance. Two aspects of the article that was focused on this article were on supervisory directors in constraining the earning manipulation and supervisory directors (Revilla et al. 2016). It was found that introduction of board of directors in the organization as an imperative corporate governance element for aligning the interest of managers and shareholders that helps in reducing agency cost that stems from control and ownership separation. Some authors that outside directors as against inside directors could more effectively manage the management claimed it. The reason is attributable to the fact that outside directors have greater incentive for maintaining their reputation capital (Gherghina et al. 2014). On other hand, it was identified by establishing the relationshi p between bankruptcy and corporate governance that managing director influences decrease in financial crisis. While the occurrence of probability of financial crisis have not been considerably impacted by other features of corporate governance. It has been concluded that internal control system of company is impacted by influence of managing directors that would help in preventing the occurrence of bankruptcy and financial disorder. In an article extracted from emeraldinsight.com on the corporate governance impacts on financial distress and financial performance by Tamer Mohamed Shahwan. The purpose of article is to empirically observe the quality of practices of corporate governance on the companies listed in Egypt and impact of practices of corporate governance on financial suffering and overall financial performance of organization. It has been ascertained from the analysis that corporate governance practice within such organizations are relatively low and no positive association was found between likelihood of financial distress and practices of corporate governance. One of the articles extracted from sciencedirect.com that involves conducting more research on performance of firms and corporate governance. It was found in the study that organizations complying with regulations of corporate governance are not a determinant for influencing corporate performance. Earlier research on positive relationship between performance of firms and corporate governance may be prejudiced and the potential endogeneity might not be controlled by them (Gsmi-ijgb.com 2018). Criticizing aspects of methodologies used: In an article where the purpose of author was to investigate the systematic correlation of the likelihood of corporate default with governance provisions that helps in determining the balance between managers and shareholders. Empirical analysis in this particular article has been performed by examination of governance rules that are used as proxy for power of management in relation to shareholders and are associated with financial distress risk measurement that is Ohlsons O score and Altman Z score (Helda.helsinki.fi 2018). Moreover, author used a general logistic regression model for examining the impact of corporate governance rules on corporate default probability. Such model represents default of firms as operating performances, governance functions, characteristic of assets and financial state. Risk factor that is used for the analysis purpose involves the proxy for sharing relationship managers and shareholders. Important predictors for corporate default are accounting a ratio that helps in measurement of financial structure and operating performances. The measurement used in an article intending to examine the relationship between bankruptcy profitability and corporate governance indexes make use of several variable and measurement method. Logit model is used for measuring the bankruptcy risks and the possession for the size of board of directors is measured by using Herfindal-Herishman index (Oikonomou et al. 2014). Findings generated from study depicts that there is a noteworthy and direct relationship between bankruptcy and directors at board. The methodology used by authors in determining the association of corporate social responsibility with the firms financial hazard is KLD social performance rating scores. Such scores are used for measuring the performance of corporate social responsibility (Drover et al. 2017). Monthly consensus earnings forecast for obtained by authors from data stream database. The methodology used by author in assessing the relationship between financial performance and corporate governance, a corporate governance index is constructed in the current study. Such index comprise of four elements such as rights of shareholders and relations of investors, transparency and disclosure, composition of directors at board, control and structure of ownership. Sample taken on non-financial firms forms the basis of assessing the practices of corporate governance on the financial performance (Shahwan 2015). Moreover, Tobins q is used for assessing the corporate performance. At the same time, the indicator used for measuring financial distress is Altman Z score. It is deduced that if the z score is bigger, then risk of financial hazard would be smaller (Christensen et al. 2017). Methodology used in examination of relationship between performance of firms and corporate governance compliance is implementation of robust technology that is generalized method of moments estimation. Governance index was developed for the purpose of investigation of impact on corporate performance (Ararat et al. 2017). Findings of research are based on generalized method of moments estimation that helps in controlling the effects of dynamic endogeneity and unobservable heterogeneity. Identification of gaps in literature review: While analyzing the articles for assessing the relationship between corporate performance and corporate bankruptcy risk, gaps in research was identified in terms of unavailability of data on the variables for considerable period. In addition to this, there was no clear disclosure of the distinction between independent non-executive and executive directors made by listed companies. This made it very difficult for researcher to determine the proportion of independent directors among executive directors. Research gap was also identified in terms of extraction of data from one or two sources. The gaps identified in the analysis had to be filled from estimated or other sources using several ratios. It is therefore indicative of the fact that data has not been sourced uniformly and hence there have been issues of uniformity. Some of accounting non-compliance had also contributed to creation of accounting biases. Results ascertained by conducting research might be skewed due to searching of data from more than one source because intentions and data integrity forms the basis of data using data sources (Berger et al. 2016). Conclusion: Analysis of several research paper on identification of relationship between corporate governance and corporate bankruptcy risk have provided with mixed results. Some papers have concluded that there is positive interrelationship between corporate finance and corporate governance. While some other research paper concluded that, there exist somewhat negative relationship between practices of corporate governance and corporate performance. Nevertheless, analysis of research work has contributed to new knowledge in several ways. Firstly, researcher will be provided a comprehensive platform for conducting comprehensive investigations on the relationship between leverage, ownership concentration and value of firms. Furthermore, findings generated from articles might helps in suggesting variables that would be given priority in making policy for corporate decision-making. The potential interaction that might exist between leverage and ownership concentration can also be investigated with t he help of study. Some of the research area requires empirical work and string conceptualization that would leave many opportunities for conducting future studies. Lastly, credit risk of banks is not explained by factors of corporate governance. Therefore, many researchers have added the factor of corporate governance in test and risk equation for determining whether the corporate governance factors influences risk level of banks and relationship between risk and banks capital. References Akbar, S., Poletti-Hughes, J., El-Faitouri, R. and Shah, S.Z.A., 2016. More on the relationship between corporate governance and firm performance in the UK: Evidence from the application of generalized method of moments estimation.Research in International Business and Finance,38, pp.417-429. Ararat, M., Black, B.S. and Yurtoglu, B.B., 2017. The effect of corporate governance on firm value and profitability: Time-series evidence from Turkey.Emerging Markets Review,30, pp.113-132. Berger, A.N., Imbierowicz, B. and Rauch, C., 2016. The roles of corporate governance in bank failures during the recent financial crisis.Journal of Money, Credit and Banking,48(4), pp.729-770. Biddle, G.C., Ma, M.L. and Song, F.M., 2016. Accounting conservatism and bankruptcy risk. Cao, Z., Leng, F., Feroz, E.H. and Davalos, S.V., 2015. Corporate governance and default risk of firms cited in the SECs Accounting and Auditing Enforcement Releases.Review of Quantitative Finance and Accounting,44(1), pp.113-138. Christensen, J., Kent, P., Routledge, J. and Stewart, J., 2015. Do corporate governance recommendations improve the performance and accountability of small listed companies?.Accounting Finance,55(1), pp.133-164. Cust.edu.pk. (2018). [online] Available at: https://www.cust.edu.pk/ms_thesis/UploadedFiles/Syed%20Basharat%20Hussain%20Shah%20-MMS151042.pdf [Accessed 19 Mar. 2018]. Dittmar, A. and Duchin, R., 2015. Looking in the rearview mirror: The effect of managers' professional experience on corporate financial policy.The Review of Financial Studies,29(3), pp.565-602. Dixon, R., Guariglia, A. and Vijayakumaran, R., 2015. Managerial ownership, corporate governance and firms' exporting decisions: evidence from Chinese listed companies.The European Journal of Finance, pp.1-39. Drover, W., Busenitz, L., Matusik, S., Townsend, D., Anglin, A. and Dushnitsky, G., 2017. A review and road map of entrepreneurial equity financing research: venture capital, corporate venture capital, angel investment, crowdfunding, and accelerators.Journal of Management,43(6), pp.1820-1853. Gherghina, S.C., Vintila, G. and Tibulca, I.L., 2014. A study on the relationship between corporate governance ratings and company value: Empirical Evidence for SP 100 Companies.International Journal of Economics and Finance,6(7), p.242. Gsmi-ijgb.com. (2018). [online] Available at: https://www.gsmi-ijgb.com/Documents /JFAM%20V5%20N1%20P07%20Murya%20Hbbash%20-%20Constraining%20Earnings%20Management.pdf [Accessed 18 Mar. 2018]. Haan, J. and Vlahu, R., 2016. Corporate governance of banks: A survey.Journal of Economic Surveys,30(2), pp.228-277. Helda.helsinki.fi. (2018). [online] Available at: https://helda.helsinki.fi/dhanken/bitstream/handle/10138/37072/postnova.pdf?sequence=5isAllowed=y [Accessed 19 Mar. 2018]. Oikonomou, I., Brooks, C. and Pavelin, S., 2014. The effects of corporate social performance on the cost of corporate debt and credit ratings.Financial Review,49(1), pp.49-75. Revilla, A.J., Prez-Luo, A. and Nieto, M.J., 2016. Does family involvement in management reduce the risk of business failure? The moderating role of entrepreneurial orientation.Family Business Review,29(4), pp.365-379. Shahwan, T.M., 2015. The effects of corporate governance on financial performance and financial distress: evidence from Egypt.Corporate Governance,15(5), pp.641-662.

Sunday, March 22, 2020

The Role of Spirituality in Overcoming Addictions

Addiction can simply be defined as a state of being captive or enslaved towards doing something that leads to development of a habit or certain behavior of which to some extend one has no control over. Surely, addiction comes with strong feelings of attachment and desire for something or to certain specific behaviors. Every human being to some extend has a form of addiction which may range from trivial to life-threatening forms.Advertising We will write a custom essay sample on The Role of Spirituality in Overcoming Addictions specifically for you for only $16.05 $11/page Learn More They may either be psychological, neurological or even spiritual. These addictions act as a driving force from within that tends to enslave and abuse our freedom, hence one ends up acting in a manner that is contrast to what he or she would wish to. As it has been deduced, addiction can really take charge of someone‘s life to the extend of being life threatening. When i t gets to such extend, quick measures should be taken before the situation gets out of hand. Documented research has shown that in the same way one gets addicted to alcohol, nicotine, cocaine, one can get addicted to ideas, power, relationships, religion (May, 1988). If one gets obsessed with a certain idea or even with another person and cannot control the feelings or thoughts, has been enslaved and hence addicted. One can also be spiritually addicted in the sense that he or she is entangled by the doctrines and can not have an independent thought or think logically outside the governing doctrines and law hence obsessed by the religion and considered as an addict. Addiction can be perceived from different angles, addiction of the mind, body or spirit depending on the prevailing situation that leads to the addiction (May, 1988). Some of the substances, drugs and behaviors that one can get addicted to include alcohol, cocaine, nicotine for example cigarette, sleeping pills, marijuana , caffeine, aerosols. Behavioral addictions may include computer games, gambling, overeating, love for money, power, sexual addiction, relationships or even ideas. There are signs and symptoms that come with various addictions and could be used to detect development of addictive behaviors. Some of the symptoms to checkout for include: tendency to do something repeatedly over and over again so as to obtain pleasure, when the individual stops using the substance they tend to feel uncomfortable and unsatisfied with a sense of lacking something vital. Another symptom is having difficulties in controlling and managing oneself and spending most of your time to acquire the substance or indulging in certain activities. Signs of addiction are the outward expressions that emanates from the addictive substance or behavior that one has.Advertising Looking for essay on psychology? Let's see if we can help you! Get your first paper with 15% OFF Learn More These signs are not univers al, they may differ from one individual to another. Some of the major signs of addictions include mood swing where one tends to be anxious and at times relaxed; happy at one time then sad the next moment, changes in the size of the eyes and the pupils, tendency to over sleep, sudden weight loss or gain, change of friends, becoming confined and secretive. These and other signs can act as perfect indicators of individuals under the influence of drug and substance abuse. Human beings were never created to be fully satisfied. There is always a desire to have more and more. There is a need to have self control and know your boundaries and limits so as to avoid going overboard and becoming victims of addiction. Most of the things that chain and enslave us in life are mostly our own makings. We have come up with our own ideologies and objects that we worship and attach strong emotions and feelings on them, this has made mankind to drift away from God’s love and the love for one anot her and end up investing all the time in finding pleasure and satisfaction from drugs, addictive substances and behaviors which ends up eroding our dignity and scrapping away our freedom by enslaving us (May, 1988). It is through the harsh life and bondage that comes with addiction that leads one to learn and appreciate the peace of mind and freedom that God has bestowed on us. It enables us appreciate the grace of God which is a freely earned favor emanating from God’s loving nature upon mankind. To overcome these addictions, spirituality plays a very vital role. It comes from the believe and faith that we have in a supernatural being who is able to restore the dignity and peace that we have lost in the course of satisfying our humanly pleasures and needs. The faith and trust that we have in God is able to redeem and save one from the jaws of addiction. Though there are many ways to deal with addiction like seeking for counseling and advice from professionals, going to the r ehabilitation centre, joining help groups, having treatment program, it all boils down to you as an individual and your relationship with God and other people that you associate with. If one can amend these relationships then they are on the right lane towards attaining self freedom, redemption and control of their lives. Through salvation which according to Greece or Latin means safety, one is made whole in Christ Jesus that is according to Christians, hence they become new creatures. With this faith, one is able to overcome any kind of oppression and slavery. Also getting involved with the right group of people with upright morals and who believe in God can help one change their bad habits and addictive behaviors.Advertising We will write a custom essay sample on The Role of Spirituality in Overcoming Addictions specifically for you for only $16.05 $11/page Learn More Spirituality aids in promoting and upholding integrity and good moral values that ma y enable us shade away bad addictive behaviors and lead straight forward life, again we may have the will to do that which is good but the power to do it is not in us, so we ought to acknowledge God who is the giver of all powers and whose grace is sufficient to keep us safe from any kind of bondage and slavery. In conclusion, addiction can be regarded as bondages that are of our own making and that are basically out of our control hence to sufficiently deal with any kind of addiction one has to submit to an external source of power that comes from God and through His grace that He has freely outpoured upon those who call on Him and follow His laws and commandments. God’s grace is the ultimate hope and solution to the countless oppression and addictions facing mankind in the current times, hence there is hope for those who have been entangled by their own desires that have ended up being their worst enemies. Through grace has humankind found peace and satisfaction, for the he art of men will forever be restless until it finds rest in God. Reference List May, G. G. (1988). Addiction and grace: Love and spirituality in the healing of  addictions. New York, NY: HarperCollins Publishers. This essay on The Role of Spirituality in Overcoming Addictions was written and submitted by user Johnathan Knight to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Friday, March 6, 2020

Turkeys admission to EU Essay Example

Turkeys admission to EU Essay Example Turkeys admission to EU Essay Turkeys admission to EU Essay Essay Topic: Admission The main question to consider is whether Turkeys admission to the EIJ would be economically advantageous for the Union. I will start by giving you some information about the background of this debate, which is going on for quite some time now. Turkeys application to accede to the European Union was already made in 1987. But by doing this, Turkey was not yet an official candidate. It was officially recognized as a candidate for full membership in 1999. The real negotiations about this subject were tarted in 2005, and until this very own moment, the European countries have still not decided whether taking Turkey in would be the right thing to do or not. 1. + A first advantage of Turkeys membership would be the fact that it would open up a new and strong market for the European products. Turkey has a very large population, so a smoother trade with them would give some economic advantages to the other European states. And with smoother, I mean the fact that, due to its membership, there would be less troubles and paperwork at the Turkish borders. The first and also most important reason why Europe shouldnt let turkey enter the union, is the fact that the country is Just too poor: there are thousands of poor farmers, and they have to deal with very low living standards. Some areas are serious underdeveloped, and the country has still huge debts it has to pay off. When it becomes part of Europe, the other states will have to help their new companion to pay off his debts and make sure that the living standards will rise. 2. It would also create great opportunities for business: Turkey has a population of lmost 80 million people, and it has the right technical institutions. So when the country would be guided in a decent way, it would be able to create a qualified and expanding economy. And when I say guided in a decent way, I mean not like nowadays, because theres still a lot of cheating and corruption going on in the top ranks of the government. Those are not the only problems; as I said before, Turkey has immense economic problems: it has to deal with high inflation rates, public debts and a very high unemployment-rate. These factors caused the very weak economic structure of the ountry. Turkey has a rapidly growing population; in their culture, its a tradition to raise lots of kids. But this growing population would cause a lot of financial issues, and also the European instututions would face problems while dealing with this large population. The agricultural area from Europe would also grow, Just like the agricultural work force (like the amount of farmers), because in Turkey, a lot of people still make their living out of agriculture. The country, unlike the most other European countries, also contains a lot of precious natural resources. Another disadvantage is the fact that Turkish farmers still use a lot of products that are harmful for the environment, and by doing that, it causes major pollution. Lots of these products are even forbidden in the ELI. So in order to stop these bad habits, the union would have to invest a lot of money in the development of new farming methods. 4. Turkey is also situated in a turbulent area. It lies between Transcaucasia, Central Asia and the Balkans; this areas are very unstable because of poverty, economic underdevelopment and Islamic fundamentalism. By getting accepted to the Union, Turkey could play a key role in this situation: It would be an example to these areas that an Islamic country can also be a prosperous and modernized democracy. Turkish accession to the Union would force the European States to open up their borders. It is not proved, it is feared that the European countries would be forced to allow a flood of immigrant in their country. For this people, Europe is the paradise, and when Turkey would be a member of the Union, it wouldnt be that hard to cross the borders. Conclusion Out of these elements, I can conclude that Turkey, once accepted to the ELI, would ecome rather a beneficiary than a contributor. Money would be drained out of the Union to solve Turkeys problems, and the European investments would not be equal to the benefits they would get in return. Nowadays, now Europe weakened by the economic crisis, it is absolutely not the right moment to take in a country that needs lot of financial support in order to compete with the other states on European level. In my opinion, Turkeys admission will not be economically advantageous right now. Maybe once, but not in this situation.

Tuesday, February 18, 2020

Fight Club Essay Example | Topics and Well Written Essays - 500 words

Fight Club - Essay Example The characters are, the daily life office worker Tyler Durden Played by Brad Pitt and the Narrator played by Edward Norton. He travels for work all over the country and on one of these trips he meets Pitt’s character Tyler Durden. The difference between these two characters is very drastic. Norton’s character is very materialistic and very careful in everything he does. Going through the motions and not really connecting with anyone or anything. He suffers from insomnia and he can’t get sleeping pills from his doctor. He starts visiting support groups for people with different terminal illnesses and support groups for people surviving things like cancer. For some time it seems that the emotional release he achieves at these meetings where he pretends to be a different person at each one is helping, but then he meets Marla Singer (Helena Bonham Carter). Marla, very much like Tyler attends different support group’s meeting feigning different problems. The ch aracters in the movie very much display the lives of of a common man, the problems they face in their life, the social, psychological issues faced by them and the financial problems they have. These issues make them so vulnerable and desperate that they are out to do anything just to get rid of these and improve their life. Norton’s character continues on business trips and one night when he comes back from one of these trips he finds that his apartment was destroyed in an explosion. This event leads to our Narrator calling up Tyler Durden. He meets up with Durden at a bar and he asks Tyler if he can stay with him. Tyler agrees on one condition. He asks the Narrator to hit him as hard as he can. The two get into a fight outside the bar and that is where the first inklings of the fight club are born. The Narrator moves into Durden’s house which is a dilapidated house in an old business

Monday, February 3, 2020

Two smillier articles Essay Example | Topics and Well Written Essays - 750 words

Two smillier articles - Essay Example One of the components is the transforming growth factor, also known as TGF B-1. This is an immunosuppressive cytokine that is in the heart, meaning that it is a main protein that functions with relation to helping to fight immunity. It has been found that individuals who have a higher concentration of TGF B-1 in the heart also create atherosclerosis of the coronary arteries. Those who have regular coronary artery disease are not as likely to have the plasma concentration of TGF B-1. Those with both degenerative heart valves and regular coronary valves have a lower amount of TGF B-1, as well as a higher distribution amount of the cytokine throughout the body (Attaran et al, 2010). . The article used (Attaran et al, 2010), conducted a study to determine why those with atherosclerosis of coronary arteries create this specific dysfunction, as opposed to a regular coronary artery disease. 158 patients were studied who were undergoing treatment for coronary artery disease for the first time and which were required to have valve surgery. To conduct this survey, the enzyme inhibitors to the heart were stopped. After this was complete for a period of time, the blood from the heart was collected to determine how the plasma functioned within the heart. Enzyme linked chemicals were used to detect the amount of TGF B-1 that was in each patient’s blood. The results were then compared to the amount of TGF B-1 that was in the normal population and from those who had normal functioning of the heart (Attaran et al, 2010). There were several associations found between the dysfunction of atherosclerosis of coronary arteries and TGF B-1. It was found that those with atherosclerosis of the coronary arteries also suffered from hypertension and myocardial infarction in the past. It was also found that the mean concentration for TGF B-1 was lower than the normal population

Sunday, January 26, 2020

The Importance of Feasibility Analysis

The Importance of Feasibility Analysis This report analyses the importance of Feasibility Analysis to businesses when they are deciding on the viability of a proposed business venture involving the implementation or improvement of an information system. This report is split into three parts the initial part defines a feasibility analysis, the second part explains how an IT feasibility analysis should be conducted using the template of the IT Infrastructure Library (ITIL) and the last section in this report examines a completed feasibility study by Powerco, a utilities distribution Company in New Zealand. What is a feasibility analysis? As the words feasibility analysis suggests a feasibility analysis is carried out to decide on the viability of a proposed venture; basically it answers the essential question of is it a viable option and should the project be implemented. All stages of the analysis are carried out in order to answer this question. When researching it is clear that the majority of all large successful businesses conduct a feasibility study to ensure they embark on a viable project, for example Microsoft have a large research department situated in many different cities throughout the globe, this department collaborates with many institutions producing many feasibility analyses a year. When examining successful businesses such as Microsoft, I discovered they will not commit to a new project without first thoroughly assessing all of the variables and reviewing the probability of success through a feasibility study. The feasibility analysis process As a feasibility analysis is often time consuming and expensive (many companies pay consultants to perform the analysis), a preliminary study is undertaken to determine if it would be worthwhile to proceed to the feasibility analysis, within this preliminary study the evaluation of alternatives is made along with brief cost and benefit analysis. A feasibility study is usually conducted after the project managers have discussed all project ideas and every possible scenario, only if the results are positive the feasibility study begins. The content of feasibility Analysis Within a feasibility study it is necessary to discuss a number of areas including; details of the present system; what are the functions and objectives, who are the Stakeholders and the reasons to improve or replace the current system for example inconsistencies / inadequacies in functionality or performance, is there any possible solution alternatives and the advantages and disadvantages of the alternatives. Feasibility analysis can be split into four types; Operational factors; Operational feasibility is used to assess how well the information systems will work if implemented in the given environment. Define the urgency of the project If the project is implemented, will it be a success? Does management support the project? How do end users feel about the new system? People tend to resist change can this problem be overcome? Can management and end users adapt to the change? Has the proposed venture conflicted with organisational or government regulations? Schedule factors; It often takes time to build and implement an information system solution; will the project still be necessary on completion? The technology may exist, but are there the skills available to not only complete the project but complete it on schedule? Is the project deadline reasonable? Is the deadline desirable or mandatory? What are the results of failing to meet the project deadline? Technical; Technical feasibility is the measure of the practicality of specific technical information system solutions and the availability of technical resources. Often new technologies are solutions looking for a problem to solve: Is the technology for the information system solution practical? Does the necessary technology exist? Is the technology proven? Is the technology practical and reliable? Are the necessary skills available to design and implement the system? Is there the infrastructure to cope with ongoing maintenance (problems, upgrades) Economic; This is regularly the most important analysis made, it asks important questions; Is the project justified (i.e. will benefits outweigh costs)? Can the project be done, within given cost constraints? What is the minimal cost to attain a certain system? Which alternative offers the best return on investment? How much will it cost to maintain? The 12 Stages of an ITIL Feasibility Analysis ITIL is a global guidance document that provides worlds best practices for IT service management companies. ITIL guidelines are often used in feasibility studies and are broken down into twelve stages. These twelve stages are described in this next section and if necessary a brief example has been given; Introduction It is important that an introduction to the feasibility analysis is made; this introduction includes the content, the intent, the intended audience, the purpose, and organizational details of the feasibility analysis. Management Summary This stage summarises, what the other stages within the template will explain in more detail; this section provides a quick overview of the feasibility analysis and would include the following, an Introduction, Management Summary, Background of the Project, Objectives, Situation, Benefits, Problems and Risks, Technical Requirements, Options, Cost/Benefit Analysis, Financial/Budget Implications and Recommendations Background to the Project A project is proposed for a specific scenario and this step describes the reason the proposal exists. For example; current sales are at a low due to increased competition, the proposal is for a new company website, where customers are able to buy directly. Objectives The high level business purposes of the proposal, including the long-range management goals. For example, the proposed project is to increase sales by an estimated 15% per annum over the next ten years. Situation This step describes the present condition, without the service in place, including market conditions, it is necessary to highlight the need for the proposed system, and the consequences of the proposal not being authorized. Benefits In the benefits section, it is necessary to focus on the short term benefits of the proposal; this is different to the objective stage which focuses on the long term gains and the cost-benefit step which focuses primarily on the financial benefits. An example of this could be the increased customer satisfaction of the proposed website. Problems and Risks It is important to identify and assess possible problems and risks of the proposed project associated with it within the development, design, and deployment stages. This is done by doing a risk assessment on the proposed system; this will be used to identify problems in many different areas, including technologies, lack of user support, or resources. Technical Requirements Has the business the technological infrastructure for the proposed system? These requirements include knowledge of the hardware and software required, for example, does the business possess the database architecture, network structures, and hardware to sustain the website, will it be necessary to outsource? Options It is recommended in the ITIL framework that a feasibility analysis includes any alternatives to the proposal, including advantages and disadvantages and costs. An example of this could be advertising to increase sales and would show the estimated cost of this. Cost/Benefit In this step, the total cost of the project is calculated; this includes development, design, deployment, and maintenance of the new service. Costs include facilities, hardware, labor, and software. The project cost is compared to the financial benefits provided by the proposed system. What are benefits? These are examples of benefits, more accurate / timely information. Improved operation, increased flexibility of operation, increased output, error reductions, cost reductions; benefits can be placed into three different categories; Monetary; when money values can be calculated, Tangible; when benefits can be quantified, but monetary values cannot be calculated. Intangible; when neither of the others apply, this applies there is a benefit, but it cannot be quantified. There are different types of costs; Project related; development, purchasing, Installation, training costs, Operational costs; these costs are often ongoing costs and include; Maintenance on the hardware; maintenance, lease, materials Software; maintenance fees and contracts Personnel; operation, maintenance There are a number of tools used, which helps in the economic section of the feasibility analysis these are; Cost-benefit analysis (CBA); which estimates and totals up the equivalent money value of the benefits and costs of proposed projects to establish whether they are worthwhile. Payback Analysis; which is used to calculate how long it will take to pay the costs of the project Return on Investment Analysis; which compares the lifetime profitability of alternative solutions, Net Present Value Analysis: using current monetary values, profitability is determined of the proposed project, Return On Investment (ROI) compares the lifetime profitability of alternative solutions, (Lifetime benefits Lifetime costs) Lifetime costs and finally you can compare alternatives with the feasibility analysis matrix. Financial/Budget Implications Once the overall costs have been established, it is necessary to verify if the necessary funds are available, if so how? This may result in changes to the budget or priorities and reducing expenditure to accommodate the costs. Recommendations In this final step recommendations regarding the proposal are made including scheduling and budgeting Summary In summary these twelve steps that make up the ITIL is among the first activities a manager will undertake in preparation for a proposal for a new IT service, though it is important to remember these steps make a general guide and different information systems may require amendments. Examples of feasibility analysis Though the majority of businesses keep their own feasibility analysis private, research identified an interesting feasibility analysis conducted by Powerco. In this section I will briefly review this feasibility analysis in a case study due to the word restrictions on this essay and the extensiveness of the ITIL framework. Powerco has an estimated 410,000 consumers which makes it one of New Zealands largest utilities Companies. These customers expect a reliable service 24 hours a day, 7 days a week. Powerco applications are split between two platforms; Oracle RAC and Microsoft SQL Server, which has meant that the business had additional expenses of licensing, supporting, operating, and maintaining two systems. Additionally it was awkward for staff to alternate between the systems when working. As the Oracle platform of Powercos warranty cycle was approaching expiration, and the financial system was scheduled an important upgrade, it was clear to the company that it was time to reassess its options and whether it should consolidate to a single server platform or replace existing hardware. Powerco acknowledged that to consolidate the database platforms would create a more simple IT environment and would reduce the total cost of the database system significantly. The case for consolidation was simple why maintain two systems if you dont need to? explains Mr. Griffiths, Infrastructure Manager, Powerco. Powerco undertook preliminary study of the solutions and assessed the pros and c ons of Oracle versus SQL Server. This analysis pointed towards some significant advantages in choosing SQL Server over Oracle. These included reduced licensing and maintenance costs, ease of management and fewer requirements for a specialised skill set to manage and service the system. A feasibility study of migrating to SQL Server was then completed by consultants on Powercos behalf including a cost/benefit analysis, a risk assessment, analysis of the alternatives and the four factors discussed earlier in this report, this confirmed Powercos applications could be supported on SQL Server, with the remaining end of life applications being replaced with SQL Server compatible ones, the feasibility study showed that unlike other options Microsoft SQL Server, serving could be done in-house. Microsofts SQL Server was the cheapest option to license, maintain, and support, particularly because of the specialised nature of Oracle. The business would be more streamline and efficient with just the single platform. Increases security. Further Tangible and Non-tangible benefits. Due to the results of the feasibility study, Powerco changed from the two platforms to solely Microsoft SQL Server, the result of this consolidation has meant Powerco has been able to reduce costs significantly, also ensuring it was easier to maintain and manage in-house and eliminating the need for external consultants. The migration to SQL Server has cut the overall cost of ownership by $390,000 a year, also helping to streamline Powercos IT systems and have given a number of other Tangible and Non-tangible benefits. Conclusion In conclusion this report has explained what a feasibility study is and when it should be used, I have then reviewed the various stages which are recommended by the IT industry experts at the ITIL and have given an example of a successful feasibility study undertaken by Powerco. I believe to be objective this report should have explored examples of a unsuccessful feasibility study, however this was not possible due to my research not providing any suitable cases, but still the findings of this report are clear, it is advisable to do a feasibility analysis, as it is tried and tested and the vast majority of large and established companies use this method to check the viability of a proposed venture and are taking a substantial risk if a feasibility study is not carried out before embarking on new project.

Saturday, January 18, 2020

Inflation always bad for an economy

Is inflation always bad for an economy? Inflation is a general Increase in prices and fall In the purchasing value of money measured as percentage; ways of measuring It Include the retail price index and the consumer price Index. One cost of Inflation Is that firms may have to spend money, time and effort moving money around financial Institutions (banks etc. ) so that they can ensure It doesn't lose Its value, It Incurs shoe leather costs as a result of this.However these costs can be offset by advances in technology, less human intervention is needed and costs are lower Another cost is that inflation leads to Geiger prices, these high prices reduce the competitiveness of the countries companies on global markets this reduces exports and leads to a dependency on imports, severely affecting a countries balance of trade. As imports are a leakage from the circular flow of income, it has negative effects on consumers within the country.Reduced exports due to high prices may lead to firm s having to close, this may lead to staff being made redundant and Increasing the unemployment rate. However, these negative effects may be mitigated If the firms with which the source entry Is trading with has a higher level of Inflation, In which case, the firms In the country will still remain price competitive with foreign companies.One positive of inflation Is that If you have a low and stable rate of demand-pull inflation It may lead to companies producing more as they expect more consumption of their goods. This may lead to them hiring more staff or purchasing more technology, either increasing employment rates or increasing turnovers of other businesses that make the technology required, all of which increase economic activity and have positive effects.Companies can reduce redundancies by increasing real wages by less than inflation, cutting costs but without making staff unemployed which would have sever negative effects on consumers and the economy. The economic costs of i nflation are dependent on a variety of factors, such as the degree of Inflation, for example: higher levels of Inflation always have a worse Impact on an economy than low levels, e. G. Hyperinflation reduces the functionality of money and also as low Inflation reduces the effect of shoe leather costs It Is clearly better than high levels of Inflation. Another determinant of the effects of inflation is whether the inflation was correctly anticipated by consumers and producers and whether inflation in one country is higher than the countries it partakes in trade with because if this is the case, measures can be taken to reduce the negative impacts of inflation.For example pensions could be increased to stay in line with inflation. If these factors are all set in a certain way then the effects of inflation can become positive, however generally this is not the case and inflation negatively affects an economy. Inflation always bad for an economy? By Chatterer Inflation is a general incr ease in prices and fall in the purchasing value of money measured as percentage; ways of measuring it include the retail price index and the consumer price index.One cost of inflation is that firms may have to spend money, time and effort moving money around financial institutions (banks etc. ) so that they can ensure it doesn't lose its value, it incurs shoe leather costs as a result of this. May lead to staff being made redundant and increasing the unemployment rate. However, these negative effects may be mitigated if the firms with which the source entry is trading with has a higher level of inflation, in which case, the firms in the country will still remain price competitive with foreign companies.One positive of inflation is that if you have a low and stable rate of demand-pull inflation it may lead dependent on a variety of factors, such as the degree of inflation, for example: higher levels of inflation always have a worse impact on an economy than low levels, e. G. Hyperinf lation reduces the functionality of money and also as low inflation reduces the effect of shoe leather costs it is clearly better than high levels of inflation.

Friday, January 10, 2020

Brazil World Cup

The relationship between the FIFFA president Sepp Blatter and Brazil president Dilma Rousseff has been rocky, especially when the realization hit that Brazil is facing some alarming delays when it comes to the hosting of the 2014 world cup. Jerome Valcke (the general secretary of FIFFA) however has not helped to improve the overall relationship between not only Brazil and Blatter, but had made conflict, mostly initialized threw messages, envelope. The FIFFA president had asked for talks with Rousseff concerning the collapse of the relationship of organization and the world cup of 2014 hosts.The troubled partnership hit an all-time low at the weekend following Valcke’s criticism towards the hosts. The majority of the conflict that Valcke had made clear rather rudely, was focusing on the delays and the trouble it has a possibility to cause. An exert of the message includes â€Å"to push yourself, kick your arse and just deliver this World Cup†. The Brazilian government re sponded by saying they no longer desired to work with him, causing a stronger tension that came to the point of almost breaking the alliance they non-formally had.On Tuesday March 6 2012 ( 48 hours after his comments ) Valcke issued an apology followed up by another apology from Blatter that made clear his disapproval of Valcke’s words but also made clear that indeed time is running out. Blatter's letter states: â€Å"Please allow me to express my deepest regret for the present situation. I am gravely concerned about the deterioration in the relationship between FIFFA and the Brazilian government, a relationship that has always been characterized by mutual respect. He also includes: â€Å"Brazil deserves to host the World Cup and the entire world is looking forward to it. However, the sands of time have been running since 2007. † Brazil chose to accept the apology and at the current time FIFFA and Brazil our working to meet the deadlines of the world cup in time, and in peace.Bibliography Sepp Blatter Requests Talks with Brazilian President. † The Independent. Independent Digital News and Media, n. d. Web. 04 Nov. 2012. <http://www. independent. co. uk/sport/football/news-and-comment/sepp-blatter-requests-talks-with-brazilian-president-7543288. html>.

Thursday, January 2, 2020

Leadership Plan For A Leadership Development Plan

When an organization wants to better and improve itself the leadership is the most important resource available. They are the rock of the organization and the engine that pulls the weight of the cars. In order for the organization to help grow a comprehensive leadership development plan must be establish and used. A leader can make or break the organization as they are the ones that make things happen or let things fail. A good leader has vision, takes initiative, influences people, makes proposals, organize logistics, solves problems, follows-up on tasking’s, and assumes responsibility for the good or the bad things that happen. Gone are the days where a leader at the top of the organization with followers below him. It is easy to develop a team of leaders around you and leadership does not have to be a lonely business. When the right people are trained you can share your responsibilities, vision, and commitment with them and create a team. Of course there needs to be a leader, but a good leader will use, not exclude, his talented staff. One person is not able to do everything and if they try to they will fail. This is why it is critical for a leadership development plan to be a standard in every organization. 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