ANOVA Paper - Inventory Accuracy of Team Cs Manufacturing Department

ANOVA Paper - Inventory Accuracy of Team Cs Manufacturing Department The business problem Team C will be analyzing revolves around the inventory accuracy of Team C's manufacturing department. Inventory is a very important subject when a company is publicly owned. It is imperative that a company keeps excellent records of their inventory for investment purposes. Most investors consider inventory the same as money because in essence, it took money to either purchase said inventory or create inventory. Having inaccurate inventory reporting is a very serious crime whether it is done on purpose or not. History has shown that it can lead to very stiff punishment.Historically teams C's manufacturing department has not made inventory accuracy a priority. It was not until 2005 that the department created a cycle count team to track inventory accuracy, and eliminate an end of the year wall-to-wall inventory. The first year of cycle counts was accompanied by a goal of ninety percent overall inventory accuracy for the department.English: anova_ergebnisThe manufac turing department was able to reach this goal but, throughout the year it was realized that the ninety percent goal was not an acceptable goal for inventory accuracy. So a plan for adding percentage to the goal every year was design to ensure continuous improvement when it come to inventory accuracy. The cycle count accuracy goal for 2006 was stated at ninety-two percent overall accuracy.As the year of 2006 progressed it was realized that the department because of multiple factors, the department would be very close to failing to reach their goal of ninety-two percent cycle count accuracy. With there being multiple processes in the manufacturing department the three teams in the department had three different ways of transacting their inventory. The question arose whether their one or more teams was holding the department down or if the average cycle count accuracy was the same...

Roses of Eyam Essay Example

Roses of Eyam Essay Example Roses of Eyam Essay Roses of Eyam Essay After we had read the book Roses of Eyam by Don Taylor in drama class we did some practicals to help us with the understanding of the play and to work on our acting skills. Roses of Eyam is about The Plague and home it came to the small village of Eyam in Derbyshire. In the play The Plague killed many of the characters such as; all of the Sydall family, Edward Thornley and William Torre. The first lesson of practicals consisted of us doing sound tracks and still images. We were placed into groups to do these. A sound track is when you put together sounds o do with a specific topic, this topic being Roses of Eyam, and create an ongoing sound until you reach the finish. A still image is what when you get given a subject to make a picture out of and you freeze into that picture and the audience have to guess what the still image is of. Some groups were better than others in doing the sound tracks. What worked well: the repetition of key facts, certain words were said altogether by the group, which gave it a more dramatic effect, the contrast some groups had between happy and sad with their emotions while speaking, the level of oise because as you increase the level of noise the more suspenseful and dramatic the sound gets. What didnt work well: for sound tracks you must get the beat right for all of the words to it together and if not it Just sounds Jumbled up and it doesnt work well. Still images are fairly easy to do so there was not anything wrong with the still images. What worked well: in some groups they had the different stages of death, how the plague killed people, height levels, with more people low and only a few high it shows the audience who has the authority and power in the still image, and lastly ll groups had a clear understanding of what they were portraying in the still image. In the second lesson of practicals we worked on role-playing. We were in groups of three because we were working on three specific characters: Mopessson, his wife Catherine and Mr. Stanley. We were instructed to act out specific scenes and act them in our interpretation of what it would look like. What worked well: the intensity in some scenes, the expression, both facial and emotional, the connection with the characters, the flow at which everyone spoke, the volume of peoples voices and eye ontact with the audience. What didnt work well: some people begin to laugh while acting and some improvements could have been made to make the scenes more intense and emotional. On the third lesson we acted out our impression of a scene from the past. The scene was about Unwin and Merril fghting over their first love, Jane Dunnet. Both men loved Joan Dunnet and even proposed to her but she ended up marrying a butcher. It was brought up in one of the scenes whilst they were talking to Mr. Howe. What worked well: many groups had lots of humor in their scenes and did very well to ntertain the audience however with humor comes distraction and laughing during the scene which did happen, some groups had placed their characters well enough so we could see who was who and it was not confusing and lastly one group had accents while pertorming. In lesson four, we role-played Unwin and Merrils characters how they are portrayed in the book. All but one group had difficulties and struggled to play old men however some worked while others didnt. We did quite a lot of work on Unwin and Merril because they are very significant to the story because they are the oldest men in the illage and they had survived the plague. What worked well: most groups knew that Unwin and Merril do not really get along therefore they put a lot of attitude into their acting which was very good, some people connected with their characters and people had practiced their scenes very well so they knew when to come in quickly to interrupt each other and have a witty conversation. What didnt work well: some peoples body language didnt work because they werent crouched over like an old man would be and they werent walking slowly so they didnt really recognize that Unwin and Merril are old men so you have to act like old men, some people were blocking while doing their scenes which makes it hard for the audience to see, and some people were not focused and were either forgetting their lines or laughing while they were acting. And finally on the last day we did some more research into Mompessons character however we did it differently this lesson. Instead of Just acting what we think is him we acted out a nightmare Mompesson wouldVe had about the people in Eyam and/or his family. This consisted of making him feel scared because he wasnt going to be here for his family or he would be unable to help the people of Eyam because of the plague and so on. What worked well: some groups ended very well because they ended it with suspense and drama, having a low tone of voice is good in a nightmare because it creates more suspense, the intensity levels, facial expressions, also whoever was acting out Mompesson had to have a lot of emotion because it was a nightmare and it was scary to him. What didnt work well: some groups ended up blocking therefore the audience couldnt see.

Final Reseach Paper Research Example | Topics and Well Written Essays - 2000 words

Final Reseach - Research Paper Example Ford Mustang, Lincoln, Mercury, Volvo and the pickup trucks are some of the most popular automotive brands of the company. Even before the financial crisis struck the global economy, the automobile industry in general and Ford Motors in particular was incurring heavy losses in billions due to their inappropriate and untimely strategy of bringing luxurious and pricey cars to the market. Ford experienced a decline of 34% in its car sales in late 2008 as banks employed aggressive techniques for credit approval after the increasing statistics of loan defaults. Since automobile industry was already in financial trouble in 2006, the added credit tightening and increased fuel costs served a major set back to the industry as many suppliers struggled to breakeven (Millward, 2008). In the face of calamitous situation many automobile dealers had to sell out or close down their operations to avoid further losses For the past 100 years, the Ford Motors has been a strong runner up to the General Motors and a stable base for the U.S economy even though it went through troublesome times especially in 1950s when Henry Ford was in the last years of his life and also in 1970s and 1980s when the sudden outburst of Japanese imports posed a serious threat to the company’s profitability, survival and brand image. The 1990s were good years for the company as their pickup trucks, sports cars and minivans became the demand of the century while the Taurus became one of the most prominent passenger cars (Baki, 2004). In 1999 the company bought Volvo adding it to its list of European brands which included Aston Martin and Jaguar. Ford Motors formed the Premier Automotive group in 2000 when it bought Land Rover, expecting a surge in profitability and sales. The impact of the financial crisis on the automobile industry especially Ford Motors and

Physics Speech or Presentation Example | Topics and Well Written Essays - 500 words

Physics - Speech or Presentation Example (6 marks) Where h1 and h2 refer to elevation of fluid, P1 and P2 pertain to pressures experienced by the fluid which vary inversely as the speed of the fluid given either by v1 or v2. Ï  stands for the density of the fluid and Bernoulli’s equation is basically a statement of conservation of energy (relating the pressure energy, PE, and KE of a perfect fluid) that applies to conditions along a streamline. (b) An aircraft has a mass of 4.0 Ãâ€" 104 kg and is in steady level flight. The area of each wing is 25 m2 and the speed of the air just below the wing is 280 m s−1. Calculate the speed of the air just above the wing. The density of air is 1.2 kg m−3. (5 ½ marks) A toboggan (A) of mass 35 kg slides down an icy slope which makes an angle of 20 ° with the horizontal (Figure 2). The toboggan starts from rest, travels a distance of 15 m down the slope after which the slope levels out to horizontal and the toboggan immediately collides with a second toboggan (B) of mass 25 kg. The coefficient of sliding friction between a toboggan and the icy surface is 0.24 and air resistance is negligible. c) After the collision both toboggans are moving with velocities that are in the same direction that toboggan A was moving immediately before the collision, and the speed of toboggan A is 1.4 m s−1. Calculate the speed of toboggan B immediately after the collision. (3 marks) A trainee pilot is on a flour-bombing exercise. He is aiming to hit a target on the ground which is 15 m in diameter whilst he is flying at a speed of 45 m s−1 at a height of 98 m. Air resistance is negligible and the pilot maintains a steady speed in a straight line that passes directly over the target. Obviously, the time it takes for the flour bomb to hit the ground would be lessened since the height is in direct proportion to the square of time. Similarly, the distance from the point above the target would be

What Are Staff Perceptions Of Safeguarding Children And How The Essay

What Are Staff Perceptions Of Safeguarding Children And How The Implement Into Practise - Essay Example This essay stresses that the concerned staff members maintain their responsibility towards the children in effective manner. Additionally, analysis of the staff perception with respect to safeguarding of children signifies the fact that the practitioners are aware of their duties and responsibilities and practice. However, the presentation provided to the practitioners has proved to be more beneficial as it has further enhanced the quality of services provided to the concern child. The collected data also signifies that the children are most vulnerable to different situation of abuse in nursery setting. However, facilitating proper communication between staff, parents, teachers as well as children required to maintain proper environment of nursery and care. Moreover, the staff members interacts with the higher authorities in order to solve different issues with respect to child abuse is highly important. This paper makes a conclusion that the staff members are regarded to have provided with proper training with the aim of enhancing their ability and skills timely. Safeguarding of children not only requires development of proper environment, but also requires for proper identification of abuse faced by the children. In this regard, it can be recommend that providing facilities to develop competency skills can be beneficial for both the staff members as well as service providers to facilitate better care to children.

The concept of the hybrid manager

The concept of the hybrid manager 1. Introduction In this paper, I carefully examine the concept of the hybrid manager by looking at various sources from reliable academic literature mainly books and partly journal article. The purpose of this paper is two-fold. First I examine the concept of the hybrid manager as it was conceived and then evolved. Further, I see to what extent this concept is still relevant for the present business activities and how far in the future it can be taken. I conclude the paper by synthesising all the sources used and by evaluating the topic with my own analysis. 2. Literature Review The concept of hybrid manager seems to have evolved in the business management literature of the UK (Harrison, 1996). The concept caught the attention of the business academics and scholars in the late 1980s. There are a number of websites and links that talk about various directions of this concept today. However, when it comes to academic sources, the literature is quite extensive but does not equate with what is found in terms of websites and web links. Going through Skyrme (2001) is one best account given on the evolution of the hybrid profession. Skyrme devotes considerable portion of his book on taking the matter of hybrid manager at length. As such, the writer defines that the hybrid manager is a person who has the skills to manage the matters of information technology as well as the knowledge of managerial matters. The writer also provides the names of the two persons who, to his analysis, are responsible for the creation of this concept. These are, as noted by Skyrme (2001), Keen and Earl. Whereas Keen gave this term in 1988, Earl is the one who developed this concept to a great extent by highlighting important responsibilities and functions of the hybrid manager in the organisational structure of the times to come. Skyrme (2001) also notes that it was in the wake of the last decade of the 20th century that the need for the hybrid manager was felt by the business world. Therefore, to Earl (as noted by Skyrme), the hybrid manager is a find amalgamation of technical know-how of information technology matters and carries a sound knowledge of managerial matters. In what follows, Skyrme notes that there is generally a lack of complete understanding of this concept in the business organisation and so the relevant stakeholders (academics, teachers, business executives, and so on) should first realize what the term hybrid manager stands for, that is, what it actually entails. Only then should they move ahead in trying to see the possibilities of making use of such a person in business (pp. 430-451). Moving ahead to explore deeper meaning of our topic, we find some other useful sources that broaden this concept and critique it at length. For instance, the literature informs that it was in the 1990s the true need of a professional like the hybrid manager was felt in the business world. The key motives are reported to be intense global competition which was mainly fuelled by technological changes in the entire world. This caused a number of new technologies to play a decisive role for the market growth and the survival of a company anywhere in the world. A number of companies cut their human resource so as to save business cost. The cut in the job required new human resource who could do more in the previously laid out jobs. Another reason which is seen as the catalyst of hybrid managers concept is that the competition was triggered fast by a number of big business giant emerging from the Asian market (China and India, etc.) and they took the entire world by storm. Some other limit ations in the structure of the business organisation were also notably making demands for new careers and jobs. Therefore, all these needs, demands, and challenges paved the way for the corporate world to ask for professional who could provide sound assistance in matters of information technology while at the same time could deal with managerial issues. If one single person could do both the jobs, a number of companies saw it beneficial for them in the areas mentioned just above. Thus, the hybrid manager became the word of the day and it was this time around that this concept obtained more and more attention by business personnel, academics, and other stakeholders alike (Currie Glover, 1999, 420-432). Reviewing more literature is even more productive to understand the intricacies of the hybrid manager. Now when the background of the term and the business conditions of the world are now put across giving us a clear picture of the concept of the hybrid manager, it seems important to look at other sources that view this concept differently, that is, differently from the basic concept and relating it more to the present day context. It can be clearly seen that this set of literature falls under the heading of criticism of the original concept of the hybrid manager. Thus, in this regard, Tansey (2002) provides a very thorough critique of the earlier models of the hybrid manager. The author expands it into three broad areas that require there essential characteristics in the hybrid manager as it is needed today. These are one area of their competences, which is divided into four further branches: (i) hybrid managers business know-how; (ii) their knowledge specific to an organisation the yre working in; (iii) their knowledge of IT, and (iv) their managerial skills. The other concretises the competences, that is, the outcomes that would come from the required competences in the hybrid manager. For example, with sound business knowledge, the hybrid manager will know basics of business, and would function according to them by understanding the requirement of a specific firm. The last area is the critical ability of the hybrid manager, that is, when with a specific competence, what critical insight that hybrid manager has to have. This combination of the further developed concept has been illustrated in the table below (borrowed from Tansey, 2002). It is this model that now seems to occupy more of the business management literature. There are quite a few authors who have expanded even this model according to their own critical insight. There is also now a more realistic picture of the hybrid manager being realised in connection with the present world. For instance, Grembergen is one author that claims that as the 21st century grows old, the hybrid manager will become more of a need of the business world. The major reason to this author for this growth in the demand of the hybrid manager is the tendency to decentralise information systems of the business world; this decentralisation would certainly require a professional who can propel two oars together: one of the management and the other of the information technology. In the future, this will be a very critical expertise of the hybrid manager because management and IT would be walking hand in hand. Hence, it will be very difficult to align these areas if they are run separatel y by two departmental heads: i.e. one manager and the other is IT coordinator. The author emphasizes this observation by highlighting the fact that coming days are the ones in which the world will be more sophisticated knowledge management base. This base can be effectively handled by the people with more expertise and new skills. The key player in the knowledge management will be the further sophistication of technology and systems brought chiefly by the developments in the information technology sector. Hence, newer professions will certainly be required. And in our case the hybrid manager serves for this purpose (pp. 253-260). 2.1. Critical Evaluation of the Literature At this point, it is important to critically view the above literature to reach a plausible evaluation of the fact that if the hybrid manager is needed in the future or not. The above literature clearly relates that the hybrid manager is a concept that came into existence mainly because of the development in IT sector and its growing link with matters of management. This is clear evidence that in the future, the role and need of the hybrid manager will be more in demand than it is at present basically because of the fact that it is the 21st century that is seen a remarkable time for the growth of the IT sector and technological advances related to it. Moreover, the sources, almost all from the recent years, continue to show that there is more and more emphasis in the development of the concept of the hybrid manager. The recent sources attempt to criticise, evaluate, and expand the concept of the hybrid manager. This is further evidence that the concept is well into the process of dev elopment and that this process is more likely to mature as the present century enters its second decade. Hence, at this point in the paper, there is strong evidence that the hybrid manager is the need of the 21st century and so this concept will develop into more sophistication. In the following sections, I look at this concept in more detail by exploring other related area to find out if there is similar evidence available. 3. Hybrid Manager in the Knowledge Management It is important to note that the concept of the hybrid manager has been addressed differently by writers who belong to different disciplines of academia and research tradition. For instance, although the concept of the hybrid manager does exists in relation to the knowledge management, the concept is looked at differently by Grossman (2007). This author sees the hybrid profession being so attached to the concept of the Knowledge management that it is not possible to separate the two. The reason for this observation is presented by the author in that today knowledge management has not only survived but has also told us that it is going to stay here for quite a good deal of time. The author states that knowledge management is not about managing information systems and business issues related to it. Indeed it is a fluid that needs to be taken into consideration as a whole which incorporates factors like intense global competition, evolution of the market into knowledge economy, and cons equently, competitive advantage coming out of these factors to those who will be abreast with these challenges. Henceforth, to operate in the world of future, in the presence of the knowledge economy variables, it is important to produce workforce which is able to handle such challenges. The hybrid manager is one individual who is going to fill a major gap in the demands of the future. The authors notes that they hybrid manager to perform in the knowledge management and knowledge economy will have to have (i) skills to network and team up with people, (ii) higher analytical skills, (iii) managerial knowledge, (iv) organisational skills, (v) skills to process fast flowing information, (vi) skills to deal with information technology needs. This profession, according to the author can be regarded as the KM professional (p. 32). But the author further notes that this is a development of the previously held concept of the hybrid manager. The author notes that as the need to understand th e challenges of globalisation and other related forces has increased, the need to develop more and more such professionals as can deal with these matters has also increased. 4. Hybrid Manager in New Business Climate There are sources in the management literature which shed light on the challenges that we might confront in the changing climate of the global business environment. Barta at el (1999) expand the concept of the hybrid manager in this very context by relating it to major areas of business organisation. The writers note that although the CEOs of companies do have a key role to play in the functioning of their organisations, they cannot perform all the major actions. Hence, they need functional personnel who could take the business side by side with the CEOs. These functional managers are also in a better situation to work as hybrid manager because their position allows them to have hold of quality information; they can synthesise this information with their area-specific knowledge of management, for example in accountancy, production, and so on, and can make the most use of this synthesis by their developed skills in the information technology sector. They further inform us that tomorro ws time will require the hybrid managers to work in a number of areas where they will be mainly performing the functions of understanding the challenges and opportunities of information technology within that contexts; at the same time they will be required to analyse these challenges and opportunities in favour of their organisation; they will also be required to take initiatives to address the risks involved in the decisions they make. Henceforth, this is something that needs to be expanded by the time so that future challenges can be appropriately addressed (pp. 80-83). Barta at el (1999) also point out to the fact that if the role of the hybrid manager is seen in this scenario, the situation will be more benefiting for the organisations because this approach will have to ensure that the hybrid manager has sound information technology knowledge which they could employ with their managerial knowledge. These two factors will enable them to have better interpersonal skills; they will also be possibly able to better understand and deal with the strategic demands of the business company they are working for. Moreover, all these characteristics combined in one individual, they will ensure to carry with them a broad vision to ensure effective use is made of the information resource available from both internal sources and external business partners (p. 83). The hybrid manager of the future business world will also be someone who will have strong command over the conceptualization of IT related needs of the company; the individual will also be mapping out t hese needs and how these can be sufficiently realised to increase the profitability of the company along with other areas of development. Another important arena in which the hybrid manager is expected to play their role in the future business market is their ability to develop ways in which their organisations can move forward to learn new patterns of knowledge still based on the information technology factors. This professional will acquire this goal by closely monitoring the scene of developing technologies, how these relate to organisational and managerial matters, and how these can be learned in the best time for the best results (pp. 80-83). Eventually, looking at the role of the hybrid manager through the analytic lens provided by Barta at el. (1999), it is plausible to arrive at the consensus that the hybrid manager is someone to stay long in the days to come. The professional will not only have a major role to play in the business functions of the future economy; this perso n will also have their role expanded into various areas of business world. 5. The Current Perspective on the Hybrid Manager According to the very current sources, there is evidence that the concept of the hybrid manager is still in the process of development. It has been also interpreted different in different countries. The major essence of the concept is more or less similar. According to Chew and Gottschalk (2009), today it is important not only to understand what the hybrid manager does and also what this individual does not do, that is, it is important to clearly define the roles of the hybrid manager so that the professional productivity of this individual can be attained to the maximum. Elaborating further on this area of concern, Chew and Gottschalk note that at present the term hybrid is being with a number of management- and IT-based applications, functions, and concepts which may be confusing the student of management. They define this case by giving example of the hybrid manager as different from hybrid users. They state that this distinction is very important to understand otherwise the real essence of the hybrid manager can be even lost to great damage to the organisation. Therefore, whereas, according to the authors, hybrid users are the people who work in an environment which is fundamentally user-control computing; these people readily join together their technical skills and knowledge with the business literacy required to fulfil their primary role. One the other hand, the hybrid manager is someone who does need to have technical knowledge and skills, adequate business literacy, as well as a third important characteristic: that is, organisational astuteness that allows a manager to make business-appropriate IS use. This third dimensional feature of the hybrid manager also enables the individual to carve out new grounds on which the future of their company depends. Another very important distinction drawn by the writers is their analysis of the present day organisational patterns. They state that today it is easily noticeable that organisations can develop the hybri d users through a properly set criterion. However, they find it very difficult to point out any such criterion for the hybrid managers training and development. This in part also informs us that the hybrid manager is someone not found commonly and who is still needed in todays challenging business environment (pp. 330-337). 6. Conclusion and Discussion In this paper I have conducted an in-depth examination of the relevant scholarly sources to understand the concept of the hybrid manager. It was also demonstrated that the concept has evolved over time and the factors that have been present in the evolutionary process of the concept were also closely examined. It is revealed that though the concept of the hybrid manager was realized in the late 1980s and was considerably developed in the 1990s, the concept is still very much useful in the twenty-first century. The first part of the paper is thus linked to the second part of the paper which informs us how and through which stages the concept of the hybrid manager is still so effective in the 21st century. It is mainly because of the persistent growth in the IT-based development in the world, and the growing challenges of the international business climate that the need for the hybrid manager is still increasing. The very recent sources examined also demonstrate that there are still is sues present in educational, training, and practical domains for the hybrid manager. However, there is strong evidence that the concept does exist in the very present time and that it is very likely to continue to prosper in the longer run as long as the information technology is growing, and globalization remains forceful for the business world over. In conclusion, it can be stated that the future for the hybrid manager requires in-depth understanding of the roles of this professional, its core and functional capabilities, the issues for training and education, and how to benefit more from this post in the middle of newly felt changes in the world. Having said that, it is also important to understand that the concept of the hybrid manager is now not confined merely to the UK, US, and Europe or other technologically advanced countries like Japan; in fact, the developing world is also putting efforts to produce the home-grown hybrid manager (Spremic and Strugar, 2002). Additionally, it is important to note that major challenges for the development are also quite many, but more fall in the category of training and education of the hybrid manager of the future (Morrell, 2004). References Barta, B. Z., Tantall, A., Juliff, P. Place of information ethnology in management and business education. Padstow, Cornwall: Great Britain, 1999, pp. 75-84. Chew, E. K., Gottschalk, P. Information technology strategy and management: Best practices. New York: Information Science Reference, Ltd. 2009, pp. 335-350. Currie, W. L., Glover, I. A. Hybrid managers as an example of tunnel vision and regression in management research. In W. Currie and B. Galliers, eds. Rethinking management information systems: An interdisciplinary perspective. Oxford: Oxford University Press, 1999, 410-450. Grembergen, W. V. Strategies for information technology governance. New York: Idea Group Publishing, 2004, pp. 245-265. Grossman, M. 2007. The emerging academic discipline of knowledge management. Journal of Information Systems Education, 18 (1), pp. 31-38. Harrison, C. Academic support services. In D. Warner and D. Palfreyman, eds, Higher education management: The key elements. Philadelphia: Open University Press, 1996, pp. 192-202. Morrell, K. Analysing professional work in the public sector: The case of NHS nurses. Research Series Paper, 1, 2004, 3-29. Skyrme, D.J., The hybrid manager. In M. J. Earl, ed. Informational management: The organizational dimension, Oxford: Oxford University Press, 2001, pp. 430-460. Spremic, M., Strugar, I. Strategic IS planning practise in Croatia: Organizational and managerial challenges. International Journal of Accounting Information, 3, 2003, 183-200. Tansey, S. D. Business, information technology and society. New York: Routledge, 2002, pp. 170-185.

The Wealth Effect Essay -- Wealth Effect Stock Market Economy Essays

The Wealth Effect The "Wealth Effect" refers to the propensity of people to spend more if they have more assets. The premise is that when the value of equities rises so does our wealth and disposable income, thus we feel more comfortable about spending. The wealth effect has helped power the US economy over 1999 and part of 2000, but what happens to the economy if the market tanks? The Federal Reserve has reported that for every $1 billion in increase in the value of equities, Americans will spend an additional $40 million a year. The wealth effect has become a growing concern because more and more people are investing; furthermore the Federal Reserve has very little direct control over stock prices. The numbers are staggering. Since the end of 1995, household stock holdings have doubled to more than $12 trillion dollars. And, for the first time, equities are the most valuable asset of the typical American household, not the home. When it comes to spending money, consumers take all their financial resources into consideration, from their income to their home. When an asset surges in value for a sustained period of time, such as the stock market in the 1990s, people feel flush and are willing to spend some additional money, perhaps b y buying a fancy car or by taking a more expensive vacation. A good number of Wall Street analysts blame the wealth effect for today's negative savings rate. Declining stock prices affect firms in several ways. First, lower stock prices, especially induced by profit warnings, increase shareholder pressure on managers to cut costs by laying off workers and scaling back investment. Second, the recent correction has put many stock options underwater, and it is unclear to what extent workers will bargain for more cash in place of options and how this might affect payroll costs and inflation. Third, the factors dragging down stock prices typically spur investors to demand higher risk premiums, which boosts the cost of financing business investment. This takes the form of increased spreads of corporate bond and commercial paper interest rates relative to Treasury yields and lower prices for any new stock that any firm dares to offer. Aside from raising the going price of new finance, the increased uncertainty associated with lower stock prices can spook investors so much, that the availability of finance is reduced. Since the... ...bear market if we remain at war for a long time in the future. We have seen in the past month, steady gains in the major stock indices. Some are stating that the bull market may be back with the war on terrorism going well, and others are insisting that the gains are only short term and that the market will retest the lows hit in mid-September. Only time will tell on how long it will take for our market to completely rebound into a bull market like we saw in the 90’s. Sources 1.)  Ã‚  Ã‚  Ã‚  Ã‚  Balke, Nathan. â€Å"The Economy in Action†. Federal Reserve Bank of Dallas. 2.)  Ã‚  Ã‚  Ã‚  Ã‚  Angeletos, George , David Laibson, Andrea Repetto, Jeremy Tobacman, and Stephen Weinberg. The Hyperbolic Buffer Stock Model. 3 March 2001. 3.)  Ã‚  Ã‚  Ã‚  Ã‚  Clarke, Grahm and Steven Caldwell. â€Å"Wealth in America†. Ohio State 1998. 4.)  Ã‚  Ã‚  Ã‚  Ã‚  Fidelity Investments. 2001 Estimated Stock Wealth Effects on Consumption. 5.)  Ã‚  Ã‚  Ã‚  Ã‚  American Express Company. 2001 American Express â€Å"ever day spending† survey. 6.)  Ã‚  Ã‚  Ã‚  Ã‚  John Khoury. Yahoo Finance: http://finance.yahoo.com. 7.)  Ã‚  Ã‚  Ã‚  Ã‚  U.S. Census Bureau. www.census.gov/. 2001. 8.)  Ã‚  Ã‚  Ã‚  Ã‚  Swanson, KC. Is the â€Å"negative wealth† effect all its cracked up to be. The Street.com 29 March 2001.

Newspapers : A thing of the past

Good Morning, My name is Mohana Soman and I am going to talk about Newspapers. Initially, when we hear ‘Newspapers’, you envision stuffy politicians on the front page, juicy reports of the latest scandal or even a grisly murder case. That, is what the Newspaper has become. From being the one source of true information being passed around as common knowledge, it has become a kind of daily entertainment. Mum may read about some old actress, while Dad mutters about how the country is down in the dumps.I think that Newspapers are a thing of the past. They are because: We can simply get all the information and news we need faster and cheaper from the internet than waiting for the newspaper. Plus if we stop printing newspaper we will be able to save a lot more trees which will help us in the fight against global warming. Nowadays sitting and reading the whole newspaper consumes a lot of time which is a waste of precious time, it is better if we just sit on the internet and typ e what we want and have it in front of us.Therefore the internet is a better and more popular thing than newspapers. Obviously newspapers are not completely ‘a thing of the past' because they still provide news for the elderly and those traditionalists, yet it is inevitable that their death will occur due to the technological progression. Purely for convenience, an hourly publication is more accessible than a daily one. In this day and age, people enjoy ‘being in the know', and they are able to do this by checking for live updates rather than waiting for the newspaper the next day.

My Siister Essay

My Siister Essay My Siister Essay Connection Paper #1 Management Connection Paper This chapter of the text contained two sections on different styles of management. The first section takes the reader through a long and active day of an Agency CEO. The second section was an account of two women who are in management positions in the NASW. The contributors of the two sections emphasized similar areas of importance: the need to be dynamic and versatile as well as the influence a management position can have over change. The agency CEO operated on a smaller level than that of the two NASW executives; however all of the individuals involved were responsible for implementing new programs, leading meetings, and ensuring that policies were being followed. The two readings differed in what the contributors felt was most important for the individual involved in management. While it is true that all of the contributors encouraged continuing education to improve and increase your skills, the agency CEO declared physical health as an absolute must, whereas the NASW managers emphasized the need to progress and to be mindful of not allowing one’s current position to limit their future career. Before reading this text I had never considered a position in management. It just did not seem as though someone in a managerial position did anything except push papers. However, the readings revealed that there is so much more to a management position than my preconceptions. I was amazed at the level of hands-on work involved in a managerial position. As far as I could gather from the texts, a manager may not act directly with the client, but they are incredibly vital in creating and implementing policies and programs to better serve the client. I was very satisfied with the way that their days were presented to us, because the contrasts in the descriptions and amounts of detail given shows that none of the authors are trying to glamorize their jobs, but that they are remaining realistic and objective in their presentation of the information. The way that the authors portrayed social work management makes it apparent that it is an extremely demanding position. As Janice Fristad and Dr. Marjorie Baney of the second section discuss, it is very difficult on families and personal

The Oedipus complex Essay Example

The Oedipus complex Essay Example The Oedipus complex Paper The Oedipus complex Paper Essay Topic: Literature Psychoanalytical criticism, developed by Freud, is a way to interpret authors, and other artists work, making connections between the authors themselves and what they actually create. The Oedipus complex is a psychoanalytical theory where a child has the unconscious desire for the exclusive love of the parent of the opposite sex. The desire includes jealousy towards the parent of the same sex and the unconscious wish for that parents death. It usually occurs between the ages of three to five and is a normal developmental process of human psychological growth. The stage is usually ended when the child identifies with the parent of the same sex and represses its sexual instincts. Freud believed that all people experienced the Oedipus complex but many researchers in psychoanalysis believe it develops as a result of a persons environment and does not occur in everyone. Freud believed the complex could stay in the unconscious mind and affect the person in adult life.? Within Hamlet the Oedipus complex can be applied to Hamlets character. Hamlet still isnt over his fathers death, and the appearance of the ghost of his father at the start of the play fuels his anger to take revenge, but he delays killing Claudius throughout the play. This is because unconsciously he admires Claudius, because he has fulfilled Hamlets own unconscious wishes of killing his father and marrying his mother, a father killd, a mother staind, which is exactly the position Hamlet would like to be in. The Oedipus complex can appear to be reflected in Hamlets behaviour in Act III Scene IV. From the start of the scene Hamlet is talking to his mother with anger and resentment. He is disgusted with her for marrying her dead brothers wife; You are the Queen, your husbands brothers wife (III, IV, 14). This is because unconsciously he feels he should be in Claudius position, of being King of Denmark, and being married to Gertrude. Things start getting very heated between Hamlet and Gertrude and he shows his disapproval of their relationship; In the rank sweat of an enseamed bed, Stewd in corruption, honeying and making love Over the nasty sty! (III, IV, 92-94). At this point Hamlet sees the ghost of his dead father appear before him to remind him of what his purpose is, which distracts him and interrupts their heated conversation. The ghost appearing at this particular moment could be seen as Hamlets unconscious creating the image of his father to stop something happening with his mother. Hamlet then warns his mother But go not to mine Uncles bed (III, IV, 161) because he doesnt want her sleeping with Claudius, or being close to him because he wants her for himself. Act III Scene iv is a crucial part of the play for a director when deciding whether to interpret the play with the Oedipus complex in mind or not, because there is so much dialogue interaction between Hamlet and his mother, more so than other scenes in the play and because it is easy to identify the Oedipus complex in this scene. Looking at this scene especially, in different film versions different directors have interpreted it in different ways. In Zefirellis 1990 film version, Act III Scene IV has been performed with strong reference to the Oedipus complex in mind.? Oliviers 1948 production is performed with only a slight reference to the Oedipus complex in the way the characters interact with each other.? In Brannaghs 1996 film version, there is no direct reference to the Oedipus complex in Act III Scene IV at all.? Freuds theory can be applied to the text as a whole as well as just Act III Scene IV. In Act I Scene ii this is the closest Hamlet gets to confronting Claudius about the marriage to his mother. He talks to himself about it straight after Claudius and the rest of the court have left She married -O most wicked speed! (I, II, 156) but it is still directed at Gertrude not Claudius because unconsciously he cant blame him. And throughout the whole play he never says anything about, or to Claudius, being incestuous for marrying his brothers wife. After Hamlet sees the ghost of his father and is told by it to take revenge for his murder, Hamlet pretends to be mad, unconsciously, to delay killing Claudius. The Oedipal complex explains why Ha mlet delays killing him and is unable to take direct action, through out the whole play. Claudius has coincidentally fulfilled Hamlets unconscious fantasies. After the Mousetrap play is performed and Hamlet knows for sure that Claudius is guilty of his fathers murder, he still doesnt take action, but chats with Rosencrantz and Guildenstern, O, the recorders. Let me see one. (III, II, 36). He doesnt realise he is doing this, and so wont think that Claudius will stop him from telling people and he does. He sends Hamlet to England. Before Hamlet pretends to be mad, he is deeply in love with Ophelia, I did love you once (III, I, 115). But when he is pretending to be mad he tells her bluntly that he no longer does, which hurts her so much that she kills herself! The desire for his mother is so much that he no longer cares about Ophelia. Surely if he realised what he was doing, he wouldnt have done it because he cares for her. But he doesnt realise and unknowingly plays a part in her death. When Hamlet finally does take action against Claudius in Act V Scene II (the final scene), it is only after Gertrude is dead that he is able to kill Claudius. This is because Claudius is no longer a projection of Hamlets unconscious mind so he now takes revenge for the murder of his father and his mother. When applying the Oedipus complex to Hamlets character, it can be a valid interpretation. The behaviour of Hamlet, and his actions through out the play, shows how the theory can be applied, as it is in film versions by Zeffirelli and Olivier. But there is actually little textual evidence to support the idea. The only way it can be applied is by looking at it as a deep Freudian interpretation. If taken at face value with out reading into it as much, it is difficult to see the theory applied in the text, although it can be seen if a director has chosen to interpret it this way. As Shakespeare wrote Hamlet, and it was being performed, in the seventeenth century, the Oedipus complex and Psychoanalysis would not have been applied, as it was only developed in the twentieth century by Freud. This means that at the time, it would not have been performed with the Oedipus complex in mind. In Elizabethan England It most likely would have been performed simply as a play to entertain the audience and would have been understood by them to be a revenge tragedy which were popular types of play at the time. Act III Scene IV is a major part of the play for a director when deciding whether to interpret the play with the Oedipus complex in mind or not. In Brannaghs film version, there is no evidence of the Oedipus complex being applied to the scene, or the play as a whole. With out applying the Oedipus complex, Act III Scene IV can be presented in different ways. From the start we know Hamlet is still not over his fathers death; Do not for ever with thy vailed lids Seek thy noble father in the dust. (I, II, 70-71). He has so much pent up anger and emotion from the death of his father and the hasty marriage between Gertrude and Claudius, he doesnt know what to do. Act III Scene IV can be presented as a point where Hamlet finally releases all his anger because Claudius has just shown his guilt from his reaction to the Mousetrap play. This leads to the confrontation with his mother, where he shows his dislike for their marriage, Mother, you have my father much offended (III, IV, 9), and where he warns her to stay away from Claudius But go not to my uncles bed (III, IV, 161). He is so angry he has no hesitation in killing the person behind the arras, especially as he thinks its the king. The play can be presented at face value, simply as a story of revenge as it would have done at the time it was written. I think the Oedipus complex is a valid interpretation of the text when psychoanalysed and can be performed well with the theory in mind, but it is a twentieth century interpretation. In the seventeenth century when it was performed, it would have been written to be performed as entertainment. The performers would of performed it to entertain the audience and the audience would of understood it as it was performed, not my looking into the text and looking for deeper meanings.

Employee empowerment Term Paper Example | Topics and Well Written Essays - 2500 words

Employee empowerment - Term Paper Example Empowering the employees makes the employees largely responsible for their actions to the company and thus helps in enhancing the productivity of the people. The practice of empowering the employees to perform the different tasks in an independent manner is observed to in fact change the existing polices and rules of the company making it adaptable to external demands. Empowerment of employees to take responsibilities does not only help in enhancing their productivity but rather makes them further loyal to their work and the company at large. Enthusiasm to take new and productive decisions happens to excite the employees to work in a team framework and thus enhances cooperativeness in the concern. However effective control is needed to be rendered in order to closely monitor the employees who have been empowered to act in an independent manner. This would help in enhancing managerial effectiveness and distribution of organizational workload (Messmer, 2006, p.279-280). Employee Empowe rment as a Business Process Empowering employees to perform within an organizational set helps the people gain all round productivity, effectiveness and efficiency. The practice of empowering the employees to act by them should not be viewed in an isolated fashion to other business actions. Rather such activities should be taken as a continuum to the existing business and human resource processes wherein the employees are taken as human beings and not as organizational machines. The process of empowering the employees helps in enlarging the job profile of the people by helping them to shoulder additional responsibilities. It also helps the people to understand the work in a more effective manner and thus enriches their cognitive abilities in dealing with specific situations. Further the process of empowering the employee gains effectiveness through the meeting of needed actions in which the people are required to be trained and motivated to handle newer responsibilities. The organiz ational managers must endeavor in letting the employees gain effective access to potential information which would be needed by them to take decisions in an independent fashion. This method helps in meeting the end goals of empowering employees. Finally the organizational managers must also endeavor in enhancing the interests of the employees to perform newer tasks and in such manner instills confidence in them. Empowerment as a business process helps in creating involvement of the employees with the objectives of the business organization and thus helps the internal people to become active participants in the change process (Speegle, 2009, p.86-89). The process of employee empowerment is best effective in regards to a flat organization structure wherein the employees can actively cooperate with their supervisors to help in accomplishing a certain business objective. Employee empowerment by dint of the above function is often correlated with the tenets of ‘Total Quality Improv ement’ and ‘Business Process Reengineering’. It is because the process helps in increasing the total productivity of the different organizational people and thus helps in

Phase 1 - Concepts and terminology of statistics applied to business Essay

Phase 1 - Concepts and terminology of statistics applied to business decision-making 4-13 - Essay Example For this, it is necessary to collect both nominal and ordinal data. â€Å"Nominal data are categorical data where the order of the categories is arbitrary. A good example is race/ethnicity has values 1=White, 2=Hispanic, 3=American Indian, 4=Black, 5=other. Note that the order of the categories is arbitrary.† (Stats Definitions-Nominal data). Certain statistical concepts are meaningless for nominal data. â€Å"The data related to gender, race, religious affiliation, political affiliation etc; are the examples for Nominal data. In a more general form the data assigned with labels or names are considered as the data in Nominal scale.† (Peddinti, Sairam. 2006). In the nominal type of measurement, names are assigned to objects as labels. This assignment is performed by evaluating, by some procedure, the similarity of the labels are to be measured instance to each of a set of named exemplars or category definitions.In ordinal measurement, numbers are assigned to the objects that represents the rank order to measure the entity. These numbers are called ordinals and the variables are called ordinal variables.. Scales and indexes have to be validated. Internal validation checks the relation between the individual measures included in the scale, and the composite scale itself. External validation checks the relation between the composite scale and other indicators of the variable, indicators not included in the scale.Scientists can taken in to consideration the two quantitative attributes in relation to snack food are-to give stress on customers’ desires, taste, needs and wants and by observing and recording the stated goals or objectives of the responsible implementing agency or organisation or its curresponding consumers. Usage of widely different frequencies are most common in this regard. The population is the entire group of individuals that we want information about and the sample is the part of