Market Risk Essay Example | Topics and Well Written Essays - 2000 words - 1

Market Risk - Essay Example The purpose of risk management is to reduce the impact of different risks related to a purpose. It may be caused by risks posed by the environment, technology, organization or politics. But in financial management, risks can be managed using traded financial instruments and therefore there is a need to understand the importance of fundamentals in risk management. Governor Randal S. Kroszner, speaking before the American Bankers Association, Spring Summit Meeting in Washington, D. C. held on March 11, 2008, spelled out the importance of fundamentals in risk management. He stressed that there are fundamental issues that must be addressed by financial institutions in the light of economic disruptions and points out to sound risk management practices. Governor Kroszner cited an example as one of failures of bank’s policy is risk concentration, and cited an example of â€Å"putting all eggs in one basket†, and that by concentration, he said, â€Å"losses could occur at one time.† Gov. Kroszner noted that as concentration of banks to its functions of basic lending, holding of securities, trading of complex instruments, providing liquidity instruments, engaging in off-balance sheet transactions and other financial activities, banks are treading on a new market where there are information and unidentified data which form hidden risks, and manifests its presence only during times of problems. An example, Gov. Krozzner said, is the market- wide demand for liquidity experienced by US recently. (Governor  Randall S. Kroszner, 2008) In governance, information is the key for control and this lies in the hands of senior management who are entrusted to do this function. Gov. Kroszner stated why information is important link taking into consideration recent events in the US.. He said that when information is kept â€Å"in silo† and not distributed â€Å"vertically and horizontally within firms† a segregation prevents managers from

Minors Rights Supreme Court Essay Example for Free

Minors Rights Supreme Court Essay Throughout the United States’ history, the Supreme Court has decided many cases. Their job is to decide whether or not laws, or punishments given by lower courts, abide by the rules written in the United States Constitution. Their decisions are based upon precedents set by other court cases, or their opinions of what the Constitution means, if there is no precedent. On the topic of the rights of minors, the Supreme Court has justly protected these rights as shown in the cases of In Re Gault, Tinker v. Des Moines, and New Jersey v. T.L.O. In Re Gault was the Supreme Court’s â€Å"first foray† (Dorsen) into the rights of minors as decided by the Constitution. Fifteen year old Gerald Gault was taken into custody for making lewd comments to a neighbor, over the phone. His parents were not notified and he was not given access to an attorney. He was not notified of his right not to self-incriminate and was eventually convicted as an adult and sentenced to jail until age 21. If he had been tried as an adult, it would have been a misdemeanor. Before this case it was considered that minors had no rights until they turned 18 and were legally considered an Adult. Under our Constitution the condition of being a boy does not justify a kangaroo court. †¦Due process is the primary and indispensable foundation of individual freedom. It is the basic and essential term in the social compact which defines the rights of the individual and delimits the powers which the state may exercise†¦. (Fortas). The supreme court definitely interpreted the constitution correctly because the constitution states, â€Å"No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws. This is saying that juveniles accused of a crime must have the same rights as adults. Tinker v. Des Moines covers the controversial topic of minors’ rights in school. Students, including John Tinker, decided to wear black armbands to school to protest the Vietnam war, violating a school policy. â€Å"The school officials banned and sought to punish petitioners for a silent, passive expression of opinion, unaccompanied by any disorder or disturbance on the part of petitioners. There is here no evidence whatever of petitioners interference, actual or nascent, with the schools work or of collision with the rights of other students to be secure and to be let alone. Accordingly, this case does not concern speech or action that intrudes upon the work of the schools or the rights of other students† (Fortas). The final decision of the Supreme Court was that minors do not lose their rights once they walk in the school doors. As long as they are not disrupting the learning process, they are fully protected under the first amendment. New Jersey v. T.L.O. is also very controversial as it deals with minors’ fourth amendment rights of search and seizure. Two freshmen students were caught smoking in the bathrooms of the Piscataway school system. One student denied smoking and was asked to empty the contents of her purse. The principal found cigarettes, rolling papers, marijuana, a pipe, baggies, money and a card indicating people who owed her money for drugs. She was charged as a juvenile for the drugs and paraphernalia found in the search. She fought the search, claiming it violated her Fourth Amendment right against unreasonable searches. The U.S. Supreme Court, in a 6-3 ruling, held that the search was reasonable under the Fourth Amendment. A school does have the right to search the students on probable cause. In this particular case the school acted on a â€Å"plain view† search once the rolling papers were found in plain view after the cigarettes were lifted out of the bag. . . . The warrant requirement, in particular, is unsuited to the school environment . . . [T]he legality of a search of a student should depend simply on the reasonableness, under all the circumstances, of the search . . . Such a search will be permissible in its scope when the measures adopted are reasonably related to the objectives of the search and not excessively intrusive in light of the age and sex of the student and the nature of the infraction. (White). There was no need for a warrant because the police were not searching her and they were not searching her house or car, only her person. These three cases show that the Supreme Court has been just in ruling on the rights of minors. Juveniles are afforded the same rights to due process as adults when they have criminal charges presented against them. They also have the right to a peaceful demonstration even in a school. In a school setting, it is acceptable that the Court ruled against the rights of minors, in order to provide a safe environment. On the topic of the rights of minors, the Supreme Court has justly protected these rights as shown in the cases of In Re Gault, Tinker v. Des Moines, and New Jersey v. T.L.O.

Strategic Human Resources Practices At Tesco

Strategic Human Resources Practices At Tesco This report reviews and discusses the strategic Human Resource and practices at Tesco. Strategic HRM has gained both credibility and popularity over the past decade, specifically with respect to its impact on organisational performance (Paauwe, J Boselie P. 2003). By the introduction of strategic management Tesco has introduced a high commitment model which offers training and development to all employees with this the role of HR within the organisation has increased in importance. Strategic management helped Tesco to expand its business. Tesco operates in a very competitive market; the consumer has a choice where to shop for their groceries. With this Tesco expanded their portfolio to include CDs, DVDs, electrical goods and clothing. Recently they have expanded into the financial services offering customers products from Credit cards to insurance. All their products are available on the internet 24 hours a day Their slogan, every little helps is used to show their commitment to customers, this has been used to reduce prices and to increase the level of customer service. This slogan is now used in their staff training; the human-resource strategy at Tescos revolves around work simplification, challenging unwritten rules, rolling out core skill s to all head-office employees and performance management linked to achieving steering-wheel targets. This highlights the way in which Tescos business measures are closely linked to performance management (Anonymous 2003). Tesco ensures that each and every employee has the opportunity to understand his or her individual role in contributing to the Tesco core purpose and values. This requires an innovative induction programme that caters for different cultures, styles of learning and varying commitments to the job. The frontline employees are considered the ultimate reflection of Tesco to its customers, but all employees have a very important role to play in turning core values and customer commitment into reality on a daily basis (Whitelock, N. 2003). A business without strategy is a business without direction. A strategy without a competitive advantage is a business without a precondition of success. The core objective of Tesco is to establish value for customers in order to gain their lifetime loyalty and also to ensure that all of its employees, wherever they work, are aware of the role they play and that they can clearly see how their actions affect the big picture of the overall business. The training creates a graphical journey through the history of Tesco, its core purpose, values, business goals, financial aims, operations and marketing strategy and its commitment to customers. All employees are receiving more training than before (Whitelock, N. 2003).The main advantage of strategic management in Tesco was that it helped it to take lead against its rivals in the competition. strategic action that the Tesco have undertaken is what they labelled as Regeneration. Among the areas where Tesco have regenerated includes Puchung, Kuala Lumpur, and Simpang Pulai. In this strategy, the company places a store in specific areas which they consider as deprived and in dire need of employment. This way, they have instituted a store in a location where there exists little competition and in the same time increases their reputation on the area by providing jobs for people in the community. Moreover, this strategy also moves their commodities closer to the public. Providing the needs and quality service to their customers is the functional dimension of Tescos business strategy. TESCO introduced over 5,000 new food lines this year. Another innovation is bringing in screw-cap wines and their own label range Unwind, which is on-track to be a $5m brand this year. Grab and Go counters have been introduced into over 500 stores, offering customers a huge choice of cheese and hot chicken without having to queue, making it simpler and cheaper to operate. (2002) ADVANTAGES OF STRATEGIC MANAGMENT Discharges board responsibility In Tesco Tescos strategic direction is discussed with all employees and managers. This helps the individual employee to understand their role and importance within the organisation. Forces An Objective Assessment Strategic managment creates value by providing opportunities for organic learning, development of intellectual capital and enhances core competencies. This value is crucial to the organisations future success. This helped Tesco to take the lead over its rivals in the fiercely-competitive UK supermarket sector. The strategic policy (Future) started in the companys supermarkets, where its aim was to free up stores employees so they could do more and improve customer service. This will help them to see their future growth of the company and tackle any competition easily. Provides a Framework For Decision-Making Strategy provides a framework within which all staff can make day-to-day operational decisions and understand that those decisions are all moving the organization in a single direction. Strategy provides a vision of the future, confirms the purpose and values of an organization, sets objectives, clarifies threats and opportunities, determines methods to leverage strengths, and mitigate weaknesses (at a minimum). As such, it sets a framework and clear boundaries within which decisions can be made. In Tesco by giving training to their staff was able to meet their objective that is customer satisfaction which had a significant impact on the success of the organization. Supports Understanding Buy-In Allowing the board and staff participation in the strategic discussion enables them to better understand the direction, why that direction was chosen, and the associated benefits. For some people simply knowing is enough; for many people, to gain their full support requires them to understand. This led the organisation in the path of growth and are now the no1 supermarket in UK. Provides an Organizational Perspective Strategic management takes an organizational perspective and looks at all the components and the interrelationship between those components in order to develop a strategy that is optimal for the whole organization and not a single component. At Tesco all the operational issues are handled very effectively. Helps in  through planning You can think of ways to maintain your strengths and increase your competitive advantage by thoroughly planning .which was done by Tesco and are one step ahead of its rivals DISADVANTAGES OF STRATEGIC MANAGMENT The Future Doesnt Unfold As Anticipated One of the major criticisms of strategic management is that it requires the organization to anticipate the future environment in order to develop plans, and as we all know, predicting the future is not an easy undertaking .E.G. recession in UK had a negative impact on the growth of Tesco. It Can Be Expensive It can be expensive for some organisations to hire people who develop strategies. In Tesco also there was a high cost for training of its employees. Long Term Benefit vs. Immediate Results Strategic management processes are designed to provide an organization with long-term benefits. If you are looking at the strategic management process to address an immediate crisis within your organization it is not possible Impedes Flexibility When you undertake a strategic management process, it will result in the organization saying no to some of the opportunities that may be available. This inability to choose all of the opportunities presented to an organization is sometimes frustrating. Tesco had a opportunity of diversification but sad no because of their strategic policy. Conclusions Tescos long term strategy is to continue to place value on employee training and to integrate this value into the culture of the organisation. They are using this approach to maintain their competitive edge. The value that is placed on HR demonstrates commitment from the top levels of the organisation to training. Tescos intentions are to maintain this increased emphasis on staff training and to integrate this learning fully into the organisation. There is constant reviewing of the intervention, and make adjustment were necessary. Tesco is a very successful UK organisation. They have increased their market share and retail units over the past five years. This has been achieved partly through a fully integrated HR department. Although this is not the only factor to their success, it has certainly been a major factor in it. A combination of good Tesco management, Tesco marketing strategy and a lean business model has seen the supermarket rise above its competitors to dominate the UK ma rket. REFRENCING Books by Armstrong, M (2005) (9th Edition) A Handbook of Human Resource Management Practice Kogan Page, London Beardwell, I. et al, (2004) (4th Edition) Human Resource Management a Contemporary Approach Prentice Hall, Harlow. Blackwood T, (1995) Accounting for Business Business education Publishers Limited, Sunderland Buchanan D, and Hucczynski A,(1991) Organisational Behaviour Prentice Hall, Padstow Journals Anonymous (2003) Human resources deliver Tescos bright Future Human Resource Management International Digest, Bradford: Jul/Aug 2003 Vol.7, Iss. 4 Guest, D (1999) Human Resource Management-The Workers Verdict Human Resource Management Journal, London, 1999.Vol.9, Iss. 3; Internet DTI (1998) Building the Knowledge Driven Economy Green Paper, accessed through www.dti.gov.uk/ www.tesco.com 21 Nov 2005 advantages and disadvantages to a strategic management process. Access through www.charityvillage.com/cv/research/rstrat36.html

Darkness At Noon Essay -- essays research papers

The Saving Grace of Rubashov Despite its brevity Darkness at Noon by Arthur Koestler packs an enormous amount of thought provoking dialog and insight into what may go through the mind of someone who is going through an extreme ordeal. One theme which ran throughout the book was Rubashov’s actions that were taken as matters of self-preservation and what he must do to atone for them. The first instance of this was on page 45 where he asked if it is necessary to pay for deeds that were necessary and right. This was brought on by Rubashov’s attempt and his witnessing of his neighbor’s attempt on his behalf. More is said about this during Rubashov’s first journal entry on page 80. Here he attempts to explain the logic behind the party’s eradication of thought that goes against party doctrine. That the party is in fact more interested in wiping out these ideas which can act as seeds taking root in future generations. Then it is in punishing people. During this entry Rubashov makes no attempt but rather feels that everything shall be sorted out by history. But for him the most painful of all of his sacrifices, was his surrendering of in his secretary and lover, Arlova. Rubashov suffered much as he antagonized over weather this was in fact the correct choice to be made. The pain felt by Rubashov over this decision was amplified by his wi tnessing his old friend being taken much the same way as Avolora. After finishing this book I was amazed at how I did not feel...

The Four Shipping Markets Economics Essay

Transporting industry ‘s resort area is a alone similar in some construction of other markets where trade goods are sold or purchased on one platform. Transporting market construction is distinguishable. The construction of the market is determined by its features like â€Å" the supply of service being offered, the type of the merchandise, the figure of operators, the barriers to entry or go out, the figure of consumers demanding the service. â€Å" ( Mc Conville 1999 ) . Some theories describe these market signifiers utilizing different theoretical accounts runing from perfect competition to Monoply. Transporting services is provided by four closely related markets, although trading in different trade goods. Even though the sections vary in character and intent, they still compete for lading and they all operate within the Four Markets of Shipping ( Stopford, 2009 ) . The alone mechanism of this market is that it is about unpredictable, nevertheless â€Å" the best commercial chances frequently arise when the markets behave inconsistently † . ( Stopford, 2009 )The four transportation marketsHarmonizing to Stopford ( 1997 ) the transportation industry can be divided into four markets, the: 1. Newbuilding market – where ships are being ordered 2. Cargo market – where they are being chartered ( used for transit ) 3. Sale and purchase market – where they are being sold to other ship-owners 4. Destruction market – where they are being sold to trash paces Key characteristics of transporting markets: –The Newbuilding marketThe new edifice market brings new ships into the transportation industry and sends hard currency out of the market as stuffs, labor and net income. The newbuilding market is merchandising ships that are non yet built in other words the ship ‘s keel may hold been laid. Hence, one time a ship is ordered, it will take up to four old ages to acquire ready for its sea tests. By this clip the full market conditions may hold been changed. It is hence of import to hold good anticipation of the hereafter before telling. Reasons for a purchaser to take to order a new vas alternatively of purchasing a pre-owned one can change, but in most instances it depends on the monetary values and besides depends on the proprietors design standards. The monetary values of the newbuilding market seems, harmonizing to stopford ( 2009 ) , to be merely every bit volatile as the sale and purchase market, hence at some occasions the newbuilding market can hold lower monetary values than the second-hand market.The cargo marketThe cargo market is seen as one individual international market divided into bomber markets for different types of ships. Harmonizing to Stopford ( 2009 ) , there are two different types of minutess in the cargo market, the: Freight contract where the shipper buys transit from ship-owners at a fixed monetary value per ton of lading. Time charter where the ship is hired on a daily footing Depending on which sector the shipowner and lading holder meet in, there are different types of contractual understandings used when â€Å" sealing the trade † . How the costs and duties are shared between the shipowner and shipper will settle the type of contact to be used ( Stopford, 2009 ) . i‚ ·iˆ Voyage charter: The shipowner transports the shippersaˆY lading from A to B for a fixed monetary value per ton. i‚ ·iˆ Contract of affreightment: The shipowner transports a series of lading packages for a fixed monetary value per ton. i‚ ·iˆ Time charter: The charterer is given operational control of the vas transporting his lading while the shipowner still has ownership and control over the direction of the ship. This can either be arranged for a individual trip or as a period charter. i‚ ·iˆ Bare boat charter: The charterer has full operational control of the vas, but does non ain it. This is normally arranged for longer periods ( 10-20 old ages ) . i‚ ·iˆ Freight derivative contract: The contract is arranged against an in agreement hereafter value of a cargo market index. The ship is fixed after all the formalities of type of contract and when the cargo rate is agreed between the two parties.The process is simple, a ship-owner has a vas for hire, a charterer has a lading to transport, and a agent puts the trade together. ( Stopford, 1997 )The Sale and purchase marketThe singular cardinal characteristic of this market is that the second-hand ships are traded like pokes of murphies at a state market. The participants are a mix of shippers, transporting companies and speculators and shipbrokers play an of import function in covering with minutess. Trade is between the ship proprietor and an investor who normally is another ship proprietor so the hard currency does non go forth this market and hence from the industry. The ships may be for sale because they are excessively old or make non follow with industry ‘s ordinances, or the proprietor may be hard currency strapped or has decided to alter company ‘s portfolio. Ship monetary values are really volatile, and the value depends on the cargo rates, age, rising prices and outlooks.The Destruction marketIt is the recycling market of the transportation industry. This market can be compared to the sale and purchase market, but the difference here is that the purchaser is a destruction pace and non a shipowner. When a ship-owner is no longer able to sell a ship S & A ; P, they will turn to the destruction market which is non, harmonizing to Stopford ( 2009 ) , a less glamourous market, nevertheless an indispensable portion of the full industry. This market can be compared to the sale and purchase market, but the difference here is that the purchaser is a destruction pace and non a ship proprietor, here every bit good ship agent plays an of import function. As the cargo market this market is besides a beginning for hard currency to the industry, here the purchasers of the disused ships are the scrap pace who demolish the ship and trade in the stell and other of import equipment and trim parts. This is particularly an of import beginning of hard currency in a recession and besides in order to maintain balance between supply and demand. These four markets are seen to be closely correlated, since the activities in each of these markets to a great extent affect all these four markets. These four markets work together linked by hard currency flow. ( Stopford,2009 ) Outside of these four markets are extra closely related markets, like the agents, funding, insurance, etc. This makes the full transportation industry composite where every party is of import for the full transportation industry, since they are impacting one and another so as to work closely to each other. Even though each market trade in a different trade good, we find the same shipowners trading in all 4, and their activities are closely correlated. They all respond to rhythms in trade, and as transporting companiesaˆY trade in all four markets, the hard currency flows in and out of the market is what drives the transporting market rhythm ( Stopford, 2009 ) .Transporting Market Model & A ; Shipping CycleThe maritime economic sciences is highly complex topic as Stopford asserts because of its â€Å" wavy nature † ( COSCO Summit 2007 ) , so one has to understand its theoretical account by foregrounding those factors that are most important.The economic sciences here is no different than others which take into history the demand and supply.Here It is the market mechanism which regulates supply and demand. The primary demand and supply driver in the transportation industry is freight rates, which determines the gross of transporting companies. Other drivers of the transportation industry are: Trade growing Geographic concentration of trade Menace of wars, buccaneering, storms and hurricanes Government countenances on cargo Entree to and suitableness of other manners of cargo The supply drivers of the industry include: Demand for oil and dry majority Climatic conditions ( rains, storms and tides ) Government limitations on cargo hypertext transfer protocol: //www.maersktankers.com/PublishingImages/Illustrations/tankermarket_illustration.gif Beginning: hypertext transfer protocol: //www.maersktankers.com/PublishingImages/Illustrations/tankermarket_illustration.gif Stopford ( 2009 ) nowadayss Ten variables in the transportation market modelfive each on the demand and supply side viz. DemandA A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A Supply 1. World EconomyA A A A A A A A A A A A A A A A A A A A A 1. World Fleet 2. Seaborne Commodity TradeA A 2. Fleet Productivity 3. Average HaulA A A A A A A A A A A A A A A A A A A A A A A A A 3. Shipbuilding Production 4. Political EventA A A A A A A A A A A A A A A A A A A A A A A A 4. Trashing and losingss 5. Transport CostA A A A A A A A A A A A A A A A A A A A A A 5. Freight rates Ten variables in the Transporting Market Model Beginning: Stopford, 2009 This Model, he breaks down into three constituents viz. Demand, Supply and Cargo market, Any instability provenders through into the 3rd portion of the theoretical account which links the other two through hard currency flows. Overview of the Dynamics ( As deduced from stopford 2009 ) When ships are in short supply, cargo rates ( ( i.e. , monetary value of sea conveyance ) are bid up and hard currency flows into the bank histories of ship owners.Eventually the increased hard currency flow starts to impact the behavior of both the shippers and shipowners. Although the cargo rate is non the lone factor that affects transportation, it is merely a benefit that the shipper additions from a combined conveyance operation ( Branch, 2007 ) . Other hard currency influxs come from the destruction market. The shipowners will likely get down telling new ships, while the shippers look for ways to cut theirA conveyance costs by detaining ladings, exchanging to closer providers or utilizing bigger ships. When there are excessively many ships, rates are bid down and shipowners have to pull on militias to pay fixed costs such as fixs and involvement on loans. As militias diminish some proprietors are forced to sell ships to raise hard currency. Monetary values of ships fall to a degree where shipbreakers offer the best monetary value for the older ships, cut downing supply.Changes in freight rates may besides trip a alteration in the public presentation of the fleet, through accommodations to rush and layup. This nexus between market balance and cargo rates is one of the most of import economic relationships in the theoretical account and it is controlled by shipowners who decide how to react. This theoretical account gives transporting market rhythms their characteristic form of irregular extremums and troughs. This is the market theoretical account lineation which controls transportation investing. The four mar-kets drive the transportation market rhythm. When the cargo rates in the beginning of the rhythm starts to raise the hard currency will flux into the transportation industry, taking to higher monetary values for second-hand ships. As monetary values continue to lift, this will take investors into the newbuilding market. When ship-owners have ordered sufficient of new ships, the rhythm is normally at its extremum, and finally the procedure will travel into contrary. When cargo rates start to worsen taking to less hard currency influxs, this will hold a negative impact on ship-owners, since in this phase they will get down to pay for their newbuilding ships. If ship-owners do non hold adequate liquidness this will coerce them to sell their ships on the 2nd manus market for garbages. If there are adequate new ships supplied in the 2nd manus market to low monetary values, the older ships will non acquire any offers and the proprietors are forced to direct them to the destruc tion market. As more ships are scrapped the supply of ships will travel down and freight rates will one time once more get down to lift and the whole market rhythm will get down from the beginning. ( Stopford, 1997 )Freight rate mechanismThe supply of sea conveyance is influenced by the cargo rate. This is a mechanism that the market uses to actuate determination shapers to set capacity in the short term and to happen ways to cut down costs in the long tally. Supply and demand are linked together through the cargo market and harmonizing to the balance of available ships and lading in the market, shipowners and shippers negotiate and seek to set up a cargo rate which best reflects this ; when there is a excess of ships the rates are low and when there is a deficit of ships the rates are high ( Stopford, 2009 ) . On the demand side, the demand map shows how shippers adjust to alterations in the cargo rate. For an single ship the supply map describes the sum of conveyance the proprietor can provide at each degree of cargo rates In response to freight rates the supply map plants by movingships in and out of service. There are three factors impacting the incline of the short-run supplycurve. First, the age of the vas, an older ship normally has higher operating costs, so lay-up will happen at a higher cargo rate than for newer ships. Second, the size of the ship ; larger ships have lower transit costs per ton of lading. Third, is the relationship between velocity and cargo rates, which can be defined from economic theory ; if the market is absolutely competitory, the ship will be operated at the velocity at which fringy cost peers the cargo rate ( Stopford, 2009 ) . Sellers and purchasers transact in the market and their supply and demand demands do the monetary value to travel. The â€Å" traveling monetary value † is an equilibrium value of the monetary value. This can be explained if we combine the demand and supply curve diagrams. The sea conveyance demand map shows the measure of sea conveyance shippers would buy at each degree of the cargo rate. The sea conveyance supply map shows the measure of sea conveyance bearers would offer at each degree of the cargo rate. The supply and demand curves intersect at the equilibrium monetary value in the transportation market, which determines the cargo rate at which the measure demanded by shippers for transportation services is equal to the measure supplied by bearers. At this point, both shippers and bearers reach a reciprocally acceptable cargo rate degree. Figure illustrates the cargo rate mechanism. In consequence the cargo rate mechanism is the ‘switch box ‘ which controls the sum of money paid by shippers to shipowners for the conveyance they supply. ( Stopford 2009 )Features of Transporting CyclesOverall, transportation is a cyclical, seasonal and volatile concern. Global economic conditions and political developments affect the demand side, while the size and handiness of the planetary fleet affect the supply side. Imbalances between demand and supply affect plus values, cargo rates and net incomes. The intent of transporting market rhythms is to take the weak histrions, go forthing merely the strong to last and turn. This will in the long-term create an efficient and competitory transportation concern ( Stopford, 2009 ) . Economists like Fayle ( 1933 ) , suggested that the transportation rhythm starts with a deficit of ships. The addition in the cargo rate stimulates overordering of new edifices. Finally, it leads to market prostration and a drawn-out slack. The transportation rhythm is a mechanism to equilibrate the supply of and demand for ships. If inordinate demand exists, the market rewards investors with high cargo rates until more ships are built. If there is inordinate supply, the market squeezes the gross with low cargo rates until ships are scrapped.What Causes the Transporting Cycle?The transportation market is driven by a competitory procedure in which supply and demand interact to find the cargo rate. Excessive demand leads to a deficit of ships, which in bend increases the cargo rate. On the other manus, inordinate supply of ships leads to a decrease in the cargo rate. In general, the transportation rhythm is alone, consisting the undermentioned features ( Stopford 2004 ) : The transportation rhythm is a mechanism to organize supply and demand in the transporting market. A complete transportation rhythm has the undermentioned phases: trough, recovery, extremum, and prostration. There are no set regulations about the length of each phase. There is no expression to foretell the form of the following transportation rhythm. Business rhythms are straight relative to transporting rhythms, these are the cause of fluctuations in seaborne trade and ship demand and these do non follow any set form therefore foretelling them becomes a really complex undertaking.

Probate Code Essay

There is significance in property being classified as probate or nonprobate property in terms of the need for probate, creditors’ claims and payment of federal estate and state estate and inheritance taxes is that. If property is classified as probate then that means that it is the decedent’s property that is subject to estate administration by the personal representative. It also means that the probate property is subject to creditors’ claims and federal and state death taxes. Nonprobate property is not subject to probate because it cannot be transferred by will or inheritance. The nonprobate property goes straight to the named beneficiary or to the surviving joint tenant(s) or partners. Nonprobate property is part of the decedent’s gross estate for federal and state death tax purposes; it is subject to federal and state estate taxes and state inheritance tax. 27. Joint tenancy is different from both tenancy in common and a tenancy by the entirety. Joint tenancy is different from tenancy in common because joint tenancy is the ownership of real or personal property by two or more persons with the right of survivorship; whereas, tenancy in common is the ownership of an undivided interest of real or personal property by two or more persons without the right of survivorship. In a tenancy in common, each person has the right to hold or occupy the whole property in common with the other co-tenants, and each is entitled to share in the profits derived from the property. Unlike a joint tenancy, when a tenancy in common dies, the decedent’s interest goes to an heir or as directed in a will. Joint tenancy is unlike tenancy by the entirety. Tenancy by the entirety is a form of joint tenancy with the right of survivorship available only to a husband and wife. It cannot be terminated by one joint tenant’s inter vivos conveyance of his or her interest. Neither one of the tenants by the entirety can transfer the property or sever the tenancy by the entirety without the consent of the other spouse. 28. There are four unities required for the creation of a joint tenancy. Those unities are: unity of interest, unity of title, unity of time, and unity of possession. For unity of interest to exist, each tenant must have an interest in the property identical with that of the other tenants; the interests must be of the same quantity and duration. For unity of title to exist, the tenancy must be created and the tenants must receive their title from a single source, e.g., the same will or deed. For unity of time to exist, joint tenant owners must receive or take their interests in the property together, i.e., at the same time. Finally, for unity of possession to occur, each joint tenant must own and hold the same undivided possession of the whole property held in joint tenancy. 29. An ancillary administration is necessary if at death the decedent-testator owns any real property in a state other than his domiciliary state, and any tangible personal property in another state. The purpose of ancillary administration is to dispose of and distribute that portion of the decedent’s estate located in a state other than the decedent’s domiciliary state. 30. Community property is all property, other than property received by gift, will, or inheritance, acquired by either spouse during marriage that is considered to belong to both spouses equal in the nine community property states and Alaska if community property is elected. Things that would not be community property includes property received by gift, will or inheritance that are acquired by either spouse during marriage, property individually owned by the husband or wife before their marriage, property that is currently separate property and is traded, replaced, or sold for other property and becomes â€Å"new† separate property, and lastly, social security, railroad retirement, and veteran’s benefits.

Organizational Behavior and Design Essays

Organizational Behavior and Design Essays Organizational Behavior and Design Essay Organizational Behavior and Design Essay 1998). Johnson (1997) found a positive relationship between Extroversion and job performance of police personnel, and explained this relationship in terms of the high level of interaction in the police service. Agreeableness An agreeable person is fundamentally altruistic, sympathetic to others and eager to help them, and in return believes that others will be equally helpful. The disagreeable/antagonistic person is egocentric, skeptical of others intentions, and competitive rather than co-operative. According to Teeth et al. (1991 Agreeableness is a significant predictor Of job performance. Salad (1997) found that Agreeableness is related to training success. The co-operative nature of agreeable individuals may lead to success in occupations where teamwork and customer service are relevant (ledge et al. , 1999). Conscientiousness Conscientiousness refers to self-control and the active process of planning, organizing and carrying out tasks (Barrack Mount, 1993). The conscientious person is purposeful, strong-willed and determined. Conscientiousness is manifested in achievement orientation (hardworking and persistent), dependability (responsible and careful) and orderliness (planned and organized). On the negative side, high Conscientiousness may lead to annoying fastidiousness, compulsive neatness or workaholic behavior. Low scorers may not necessarily lack moral principles, but they are less exacting in applying them. Barman, White, Pulaski and People (1991) and Hough et al. (1990) found a correlation of 0,80 between reliability (an aspect of Conscientiousness) and job performance. Various researchers (Barrack Mount, 1991; Barrack, Mount Strauss, 1993; Rink Ferns, 1999) reported significant correlations between Conscientiousness and job performance. According to Jackets and Weaned (1 996), the relationship teens Conscientiousness and job performance could be attributed to the conceptual relationship between Conscientiousness and integrity. Furthermore, autonomy and goal setting influence the relationship between Conscientiousness and job performance (Barrack Mount, 1993; Barrack et al. , 1993) Emotionally stability (often labeled by its converse, neurotics) this dimension taps a persons ability to withstand stress. People with positive emotional stability tend to be calm, self-confident, and secure. Those with high negative scores tend to be nervous, anxious, depressed and insecure. Neurotics is a dimension of normal personality indicating the general tendency to experience negative effects such as fear, sadness, embarrassment, anger, guilt and disgust. High scorers may be at risk of some kinds of psychiatric problems. A high Neurotics score indicates that a person is prone to having irrational ideas, being less able to control impulses, and coping poorly with stress. A low Neurotics score is indicative of emotional stability. These people are usually calm, even-tempered, relaxed and able to face stressful situations without becoming upset (Hough et al. , 990). HÂ ¶Raman and Massacre (1996) found that Neurotics is a predictor of performance in various occupations. Dunn, Mount, Barrack and Ones (1995) showed that emotional stability (the opposite of Neurotics) is the second most important characteristic that affects the employability of candidates. In a recent study Judge, Higgins, Theories and Barrack (1999) found that Neurotics is inversely related to job performance. However, according to Salad (1 997), Neurotics predicts job performance in certain circumstances. Openness to Experience Openness to Experience includes active imagination, aesthetic sensitivity, attentiveness to inner feelings, a preference for variety, intellectual curiosity and independence of judgment. People scoring low on Openness tend to be conventional in behavior and conservative in outlook. They prefer the familiar to the novel, and their emotional responses are somewhat muted. People scoring high on Openness tend to be unconventional, willing to question authority and prepared to entertain new ethical, social and political ideas. Open individuals are curious about both inner and outer worlds, and their lives are experientially richer. They are willing to entertain novel ideas and unconventional values, and they experience both positive and negative emotions more keenly than do closed individuals. Research has shown that Openness to Experience is related to success in consulting (Hamilton, 1 988), training (Barrack Mount, 1991 ; Pincher et al. , 1998) and adapting to change. In contrast, Johnson (1997) found that successful employees (compared with unsuccessful employees) obtained significantly lower Scores on Openness. Teeth et al. (1 991 ) reported that Openness to Experience is not a valid predictor of job performance. A Seibel explanation for the contradictory results regarding the relationship between Openness to Experience and job performance is that different jobs have different requirements. In conclusion, according to the Social Science Dictionary, emotional stability is individuals steadiness of mood, their ability to withstand minor setbacks, failures, difficulties, and other stresses without becoming upset emotionally. Emotionally stable persons tolerate minor stresses and strains of day to day living without becoming emotionally upset, anxious, nervous, tense, or angry. They are able to maintain composure under minor emotional stress. They are fairly constant in their basic mood, and they generally revert quickly to that state following those occasions when they have experienced considerable stress or have been exceptionally provoked which may be a frequent case in serving Hotel customers. The unstable person, on the other hand, is subject to fairly wide, frequent, and often unpredictable mood shifts that may swing from pole to pole. Simply put, emotional stability refers to a persons ability to remain calm or even keel when faced with pressure or stress. Someone who is emotionally unstable is more volatile, which means the person faces an increased risk of exacting with violent or harmful behaviors when provoked. People with positive emotional stability tend to be calm, self-confident, and secure. Those with high negative scores tend to be neo. us, anxious, depressed, and insecure. A workers emotional state influences customer service, which influences levels of repeat business and levels of customer satisfaction. Providing quality customer service makes demands on employees because it often puts them in a state of emotional dissonance. Over time, this state can lead to job burnout, declines in job performance, and lower job satisfaction. In addition, employees emotions may also be transferred to the customer. Studies indicate a matching effect between employee and customer emotions, which B practitioners call emotional contagion, the catching of emotions from others. How does emotional contagion work? The primary explanation is that when someone experiences positive emotions and laughs and smiles at you, you begin to copy that persons behavior. So when employees express positive emotions, customers tend to respond positively. Emotional contagion is important because when customers catch the positive moods Or emotions of employees, they feel encouraged to visit again. The verse also works in case of negative emotions and moods. When an employee is cranky or nasty, these negative emotions tend to have negative effects on customers. 2. Your management team is made up of people who are very different in their lifestyles and their stages of life. Metastases is a 23-year-old single parent who is working for minimum wage. Yanks is 60 years old, extremely wealthy and works because he enjoys it. Hellion earns a good living. She is single, 45 years old and has few interests outside of the office. You have decided to attempt to apply Masons hierarchy of needs to determine what motivates each Of these individuals. What is the need that you would expect that each is trying to satisfy? Discuss Measles Hierarchy of Needs (often represented as a pyramid with five levels of needs) is a motivational theory in psychology that argues that while people aim to meet basic needs, they seek to meet successively higher needs in the form of a pyramid. According to Masons hierarchy of needs, framed by A. Moscow, a U. S. Numismatic psychologist, it was explained that different human needs have different level of satisfaction. The hierarchy moves up from lower order needs such as physiological needs, safety and security, social needs to higher order hat is esteem needs and self-actualization needs. Individuals cannot move to the next higher level until all needs at the current (lower) level are satisfied. Abraham H. Moscow felt as though conditioning theories did not adequately capture the complexity Of human behavior. In a 1943 paper called A Theory of Human Motivation, Moscow presented the idea that human actions are directed toward goal attainment. Any given behavior could satisfy several functions at the same time. Measles Hierarchy of Needs has often been represented in a hierarchical pyramid with five levels. The four levels (lower order needs) are considered histological needs, while the top level of the pyramid is considered growth needs. The lower level needs must be satisfied before higher order needs can influence behavior. The levels are as follows: Physiological Needs These are needs required to sustain life, such as: air, water, nourishment, sleep. According to Measles theory, if such needs are not satisfied then ones motivation will arise from the quest to satisfy them. Higher needs such as social needs and esteem are not felt until one has met the needs basic to ones bodily functioning. Safety Once physiological needs are met, On?s attention turns to safety and security in order to be free from the threat of physical and emotional harm. Such needs might be fulfilled by living in a safe area, medical insurance, job security, financial reserves and the like. According to Masons hierarchy, if a person feels that he or she is in harms way, higher needs will not receive much attention. Social Needs Once a person has met the level physiological and safety needs, higher level needs become important, the first of which are social needs. Social needs are those related to interaction with other people and may include: need for friends, need for belonging, and need to give and receive love. Esteem Once a person feels a sense of belonging, the need to feel important arises. Esteem needs may be classified as internal or external. Internal esteem needs are those related to self-esteem such as self-respect and achievement. External esteem needs are those such as social status and recognition. Some esteem needs are: Self-respect, achievement, attention, recognition, and reputation. Self-actualization is the summit of Measles hierarchy of needs. It is the quest of reaching ones full potential as a person. Unlike lower level needs, this need is never fully satisfied; as one grows psychologically there are always new opportunities to continue to grow. Self-actualities people tend to have needs such as: Truth, Justice, Wisdom, Meaning. Self-actualities persons have frequent occurrences of peak experiences, which are energize moments of profound happiness and harmony. According to Moscow, only a small percentage of the population reaches the level of self-actualization. From the given information in the above question, and the details of the Measles theory, Metastases, who is a 23-year-old single parent working for minimum wage, is trying to satisfy his/her physiological needs. Had it not men for this specific need he/she would have not worked for a minimum wage. She could have been searching for a higher paying job if its physiological needs were satisfied. Yanks, who is 60 years old, extremely wealthy and is working because he enjoys it is trying to fulfill his self-actualization needs. The fact that he goes to work for enjoyment shows that he has a choice not to work at all as all his other needs are satisfied. On the other hand, Hellion who earns a good living, is single, 45 years old and who has few interests outside of the office is tying to satisfy her Esteem needs. She might be looking for social recognition or achievement. Then. Vise it is shown that she earns a good living and also has few interests outside of the office. 3. You manage a department of five employees. You have identified that Joe scores high in the need for achievement, Mary scores high in the need for power, and Tim scores high in the need for affiliation. Sarah scored high in the need for power and low in the need for affiliation. Doug scores low in both need for power and need for affiliation. A. Which employee would be best suited to a challenging new assignment where they would receive rapid dieback? B. And who would probably be best to leave in charge while you are on vacation? Support your answer with sufficient reason. In the early sass, Abraham Moscow created his theory of needs . This identified the basic needs that human beings have, in order of their importance: physiological needs, safety needs, and the needs for belonging self-esteem and self-actualization. Later, David McClellan built on this work in his 1 961 book, The Achieving Society. He identified three motivators that he believed we all have: a need for achievement, a need for affiliation, and a need for power. People will have different characteristics depending on their dominant motivator. According to McClellan, these motivators are learned (which is why this theory is sometimes called the Learned Needs Theory). McClellan says that, regardless of our gender, culture, or age, we all have three motivating drivers, and one of these will be our dominant motivating driver. This dominant motivator is largely dependent on our culture and life experiences. These characteristics are as follows: Dominant Motivator Characteristics of This Person Achievement Has a strong need to set and accomplish challenging goals. Takes calculated risks to accomplish their goals. Likes to receive regular feedback on their progress and achievements. Often likes to work alone. Affiliation Wants to belong to the group. Wants to be liked, and will often go along with whatever the rest of the group wants to do. Favors collaboration over competition. Doesnt like high risk or uncertainty. Power Wants to control and influence others. Likes to win arguments. Enjoys competition and winning. Enjoys status and recognition. Managing a group of people with different personalities is never easy. But if we are managing or leading a team, it is essential to know what motivates our people, how they respond to feedback and praise, and what tasks fit them well. David Miscellanys Human Motivation Theory gives us a way of identifying peoples motivating drivers. This can then help us on how to give praise and feedback effectively, assign them suitable tasks, and keep them motivated. Therefore, using this theory we can match people to jobs. Let us take a closer look at how to manage these team members who are driven by each of Miscellanys three motivators: Achievement people motivated by achievement need challenging, but not impossible, projects. They thrive on overcoming difficult problems or situations. People motivated by achievement work very effectively either alone or with other high achievers. When providing feedback, give achievers a fair and balanced appraisal. They want to know what theyre doing right -? and wrong -? so that they can improve. Affiliation People motivated by affiliation work best in a group environment and therefore it is best to integrate them with a team (versus working alone) whenever possible. They also do not like uncertainty and risk. Therefore, when assigning projects or tasks, we have to save the risky ones for other people. When providing feedback to these people, we need to be arsenal. It is still important to give balanced feedback, but if we start our appraisal by emphasizing their good working relationship and our trust in them, they will likely be more open to what we say. These people often do not want to stand out, so it might be best to praise them in private rather than in front of others. Power Those with a high need for power work best when they are in charge. Because they enjoy competition, they do well with goal-oriented projects or tasks. They may also be very effective in negotiations or in situations in which another party must be convinced of an idea or goal. When providing feedback, we need to be direct with these team members and keep them motivated by helping them further their career goals . In conclusion, those high on achievement like Joe, tend to prefer jobs with personal responsibility, feedback and moderate risks. They DO NOT always care about motivating others! Therefore, given the information in the above question We can conclude that Joe would be best suited to a challenging new assignment where he would receive rapid feedback. He had scored high in the need for achievement which means that he would strive to succeed no matter how challenging the job would be. In general, individuals high on the need for Power and low on the need for Affiliation tend to perform better in managerial roles. Thus, Sarah who had the same result as above would be the best to be left in charge while the Manager is on vacation. 4. Your colleagues at work are constantly talking about the manager in your organization. He is perceived throughout the organization as a ruthless man who is not to be antagonized. It is necessary for you to bring him a report, and you are very nervous about having to deal with him. What seems the Managers major base of power? Why? ND what is the most likely reason for the success of this manger? Explain. Power refers to the possession of authority and influence over others. Power is a tool that, depending on how it is used, can lead to either positive or negative outcomes in an organization. In 1959, American sociologists John French and Bertram Raven published an article, The Bases of Power, thats regarded as the basis for classifying power in organizations. They identified five sources of power, namely: Legitimate, Expert, Referent, Reward, and Coercive, power. Legitimate Power Legitimate power is also known as positional power. Its derived from the position a person holds in an organizations hierarchy. Job descriptions, for example, require junior workers to report to managers and give managers the power to assign duties to their juniors. For positional power to be exercised effectively, the person wielding it must be deemed to have earned it legitimately. An example of legitimate power is that held by a companys CEO. Expert power Knowledge is power. Expert power is derived from possessing knowledge or expertise in a particular area. Such people are highly valued by organizations for their problem solving skills. People who have expert power perform critical tasks and are therefore deemed indispensable. The opinions, ideas and decisions of people with expert power are held in high regard by other employees and hence greatly influence their actions. Possession of expert power is normally a stepping stone to other sources of power such as legitimate power. For example, a person who holds expert power can be promoted to senior management, thereby giving him legitimate power. Referent Power Referent power is derived from the interpersonal relationships that a person cultivates with other people in the organization. people possess reference power when Others respect and like them. Referent power arises from charisma, as the charismatic person influences others Via the admiration, respect and trust others have for her. Referent power is also derived from personal connections that a person has with key people in the organizations hierarchy, such as the CEO. Its the perception of the personal relationships that she has that generates her power over others. Reward Power Reward power arises from the ability of a person to influence the allocation of incentives in an organization. These incentives include salary increments, positive appraisals and promotions. In an organization, people who wield reward power tend to influence the actions of other employees. Reward power, if used well, greatly motivates employees. But if its applied through favoritism, reward power can greatly demoralize employees and diminish their output. Coercive Power Coercive power is derived from a persons ability to influence others via threats, punishments or sanctions. A junior staff member may work late to meet a deadline to avoid disciplinary action from his boss. Coercive power is, therefore, a persons ability to punish, fire or reprimand another employee. Coercive power helps control the behavior of employees by ensuring that they adhere to the organizations policies and norms. Coercive power rests in the ability of a manager to force an employee to comply with an order through the threat of punishment. Coercive power typically leads to short-term compliance, but in the long-run produces dysfunctional behavior. Coercion reduces employees satisfaction with their jobs, leading to lack of commitment and general employee withdrawal. Given the information in the question above, the Managers major base of power is Coercive power. The most likely reason for the success of this manager is hat his subordinates fear negative sanctions if they fail to comply. Case Questions case 1 Differing Perceptions at Coloration Industries Susan Harrington continued to drum her fingers on her desk. She had a real problem and wasnt sure what to do next. She had a lot of confidence in Jack Reed, but she suspected she was about the last person in the office who did. Perhaps if she ran through the entire story again in her mind she would see the solution. Susan had been distribution manager for Coloration Industries for almost twenty years. An early brush with the law and a short stay in prison ad made her realize the importance of honesty and hard work. Henry Coloration had given her a chance despite her record, and Susan had made the most of it. She now Was one of the most respected managers in the company. Few people knew her background. Susan had hired Jack Reed fresh out of prison six months ago. Susan understood how Jack felt when Jack tried to explain his past and asked for another chance. Susan decided to give him that chance just as Henry Coloration had given her one. Jack eagerly accepted a job on the loading docks and could soon load a truck as fast as anyone in the crew. Things had gone well at first. Everyone seemed to like Jack, and he made several new friends. Susan had been vaguely disturbed about two months ago, however, when another dock worker reported his wallet missing. She confronted Jack about this and was reassured when Jack understood her concern and earnestly but calmly asserted his innocence. Susan was especially relieved when the wallet was found a few days later. The events Of last week, however, had caused serious trouble. First, a new personnel clerk had come across records about Jacks past while updating employee files. Assuming that the information was common knowledge, the clerk had mentioned to several employees what a good thing it was to give ex-convicts like Jack a chance. The next day, someone in bookkeeping discovered some money missing from petty cash. Another worker claimed to have seen Jack in the area around the office strongbox, which was open during working hours, earlier that same day. Most people assumed Jack was the thief. Even the worker whose wallet had been misplaced suggested that perhaps Jack had indeed stolen it but had returned it when questioned. Several employees had approached Susan and requested that Jack be fired.

Whole Foods Market

Whole Foods Market Discuss the trends in retailing of organic foods and the impact of these trends on Whole Foods Market The retailing business of organic food in the United States of America is on the rise; this has been facilitated by enlighten of the American on the health advantages brought about by organic food consumption as well as a realization of danger likely to be brought about by eating non-organic foods.Advertising We will write a custom essay sample on Whole Foods Market specifically for you for only $16.05 $11/page Learn More In 2005, there were14000 small and medium scale outlets of organic and natural foods; the estimated sales of the 14,000 units totaled to $18Billion; the market offered a variety of products that shoppers could choose from, the establishments were mostly small scale, however giant stalls were established to tap the growing market. Some of the giant malls that were introduced between 2005 and 2008 are Wal-Mart and Whole Food Company. The rais ed demand for organic food in the American food industry forced Whole Food Company to change its business approach and target to tap the growing market; generally the trend in a market has an effect on the kind of products that a company stocks and the area that the company will concentrate on. Whole Food Company had to focus on the new market demands and started to stock products like wild oats, fresh produce and millet. Evaluate the competitive environment of the firm: Apply Porter’s model and analyze each factor relative to the company Since 2000, before the wave to organic foods, many companies in the food industry were experiencing a reduced business and they recorded losses; an example of a company that recorded a loss was Whole Food Company: the competitive environment of the company looks as follows (using porter’s five forces): Buyer’s Bargaining Power The market is driven by the demands made by the customers, it is the customers who decided they needed organic and fresh foods, the supermarkets and small scales stores had no option that supply the commodities. In the market, the buyer’s power is more evident and strong.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Suppliers bargaining power Suppliers of organic foods have increased with the demand of the foods; however, the production of the foods is dependent with the climatic conditions, which may sometimes not be favorable. However, the markets benefit a great deal from the growth of international market, which has continued to supply organic foods to the supermarkets and small outlet chains. Threats of substitute Although consumers have access to cheaper non-organic foods, they have strongly opted to use organic foods for the benefits it has on their health. Threats to substitute are manageable if the company has a constant supply of organic foods. Threat of New En trants In every business, there is a threat to entry of new businesses, however Whole Food Company is a giant in the industry thus it has an upper hand to be able to maneuver in the market despite entry of new players. Competitive Rivalry in the Industry Since the industry is consumers driven, the success of a company is dependent on how well it can meet consumer’s needs. A strong business like Whole Food Company has no worries to have since it has the financial base, the reputation and the will to succeed (Hughes Beatty, 2005). Discuss which environmental factor poses the most significant threat to Whole Food and what the company can do to combat it The environmental factor that offers Whole Food Company the greatest challenge is Suppliers bargaining power; the reason for the above is because suppliers in the market are growing but their effect and the rate they are producing is also affected by climatic conditions in the country. The world is facing threats from global war ming and seasons are not precisely predictable, the suppliers have the likelihood of not being able to produce the quantity wanted by the market. The effect on climate is not limited to the United States however; it cuts across other organic foods producing countries. The dependency that the company can have on international trade is limited to international relations affecting the world; if the relations do not support production, then the effect is negative and the country will miss the much-needed suppliers. The rising demand has led to a rising needs for the produces; there are a number of companies with different packages evading the market; they are likely to lead to a hiked prices of the produce.Advertising We will write a custom essay sample on Whole Foods Market specifically for you for only $16.05 $11/page Learn More Whole Food should develop a good business relationship with its suppliers, as this will assist in making sure that there is reliabil ity in the supply of materials. Suppliers in the company fall in the category of contractors and those companies in the business of supplying raw materials and semi finished goods. This will ensure that the company manufacturing is kept with the right materials always. On the other hand, it is easy to get goods at a better price and market data from suppliers whom the company has established good business relations. Complete a SWOT analysis and identify significant opportunities and threats facing the organization Strengths The company has a strong financial base and enjoys a wide range of customers; it can use this advantage to buy products from suppliers at a slightly higher price that the one offered by competitions. The management is futuristic and makes effective and strategic decisions when called upon to. Weakness The company seems to depend on suppliers who cannot be fully dependent on; it would have been better if the company had a farm of its own where it is producing the commodities for its stores. Opportunity The main opportunity facing the firm is an increased demand for organic foods and massive campaigns by third parties on the goodies of eating organic food Threats The company is threatened by unreliable international relations; this threatens the companies continued supply of organic goods. Discuss how Whole Foods can use it strengths and opportunities to achieve a sustained competitive advantage in the marketplace The company has a strong brand name and a reliable financial base; it should use these strengths to enlarge its business via stocking of a variety of products in its shopping malls. With increased sales, the company can be able to buy from suppliers at a fair price and enjoy the benefits of economies of scale.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The growing demand for organic products is offering the company an increased demand of its products; thus, the company can diversify its operation in the niche of the market and enjoy increased sales. Globalization and growth in international market offers the company an increased market base and increases the material sources (Adam, Jochim Cutting, 2008). References Adam, L., Jochim, D., Cutting, T. (2008). The art of strategic leadership: A proven approach to optimizing your organization. New York: Beck. Hughes, R., Beatty, K. (2005). Becoming a strategic leader: Your role in your organization’s enduring success. San Francisco: John Wiley Sons.

Traditional concept of domicile in accordance with English Law Essay

Traditional concept of domicile in accordance with English Law - Essay Example Many have observed that with the growing modernity, the rules regarding the loss and acquisition of domicile have become increasingly artificial and complex. Indeed it is correct to conclude that despite the significance of the concept of domicile, the rules for determining a persons domicile is unnecessarily complicated, technical, and sometimes leading to absurd results (Law Reform Commission 2004). The division of the concept of domicile into three types (domicile of origin, dependency, and choice) is one of the reasons for legal complications. The distinctions do not provide smooth and intelligible rules. Hence this unnecessary complexity led to calls for needed reforms, mostly premised on the idea that one general concept may suffice as a connecting factor in determining a person’s status and affairs. A radical yet widely supported proposal is the abolition of the domicile of origin and dependency. North believed that the abolition of domicile of origin and dependency in favor of one concept has the positive effect of simplifying the position (as cited in Law Reform Commission 2004). As a result, certain gaps in the existing common law rules will be settled. For instance, there is a gap with respect to determining the domicile of dependency of a child without parents. It must be noted that under the general rule a legitimate child follows the domicile of the father, while an illegitimate child that of the mother. There is however no clear rules with respect to those children without mother and father. Furthermore, it has been rationalized that there is no clear justification at least in principle for making a child’s domicile dependent on the parent’s marital status or whether the child is legitimate or not (Law Reform Commission 2004). There are those who voiced that the proposed changes in the law on domicile is a significant

How can social policy eradicate child poverty Essay

How can social policy eradicate child poverty - Essay Example eople have different thoughts on who is responsible for tackling the issue of child poverty; although the entire burden of blame would be on the government, families, communities and organizations, - all who have to play the biggest role since they face and handle the problem often. Referring to the UNICEF, child poverty is expressed â€Å"as the deprivation of a range of both material and social supports and services that it considers to be essential to ensure children’s well-being† (Minujin, et al., 2006, p. 485). Helping the children escape poverty has to occur early in life when a problem is discovered, so that rectification takes place. By assisting the children, their future is secured; but also their families and the entire community’s lives benefit from the process. The power to prevent child poverty is within human reach making it possible to formulate social policies, which are action oriented through use of both economic and non economic resources, in equal redistribution as a way of improving the child welfare. Through the government, social policies are delivered through the enactment and reforms of law. The administration comes up with programs and initiatives just like community organizations to benefit the child welfare, by improving their economic and social state. The social policies help to protect the child and uphold their fundamental rights, which may entail helping the children or the young individuals directly or providing extensive support to their families. Children are sensitive beings who do not have the power to vote, or form petition authorities to foster programs that could defend their right. Whether being born in poverty or suffering from it during the childhood, the social policies provide rescue plans if not reducing the impact it causes in their lives. Some of the social policies are government pensions, welfare to the poor, health care, food stamps, unemployment benefits, affordable housing initiatives, educational

Not sure Essay Example | Topics and Well Written Essays - 1500 words

Not sure - Essay Example Shortly after he fled, he traveled on road when it comes. Discussion It contained his real father, King Laius of Thebes and his bodyguards. When they ran it almost Oedipus attacked them, killing guard and his father, thinking they were bandits of road, and therefore unconsciously fulfilled prophecy. When he realizes he is devastated. It really helps question that you cannot escape past. Fact that and his father, however, is the important factor in exile later in history. When he discovers that King Laius was his real father, he sees that does not run away, he could have avoided this disaster as the whole. It just goes to show that hindsight is always 20/20; Oedipus saw this and realized his mistake. Understanding that he cannot go back and change your past is also the major theme of story. This fact too plays the big role in his mental collapse later in story. After he killed his father, he goes further down road when he, told him that if he cannot answer her riddle correctly, it wou ld kill him. It is possible to solve riddle of her and she kills herself in anger. When word was that which led to ( whose king he recently killed ) to adopt it as their new king, thanking their true king was killed by bandits, and give him queen, Queen Jocasta (his mother ) for their wedding. They lived happily for many years and had four children. When Oedipus learns about heinous crime he has committed, he almost dies. After disgrace of his country, and he launched himself and his daughter Antigun leave Thebes. Later, he died in exile in temple of Apollo in colon. Before he left Thebes, but he says he will do great things before he died, he told him reserved. He speaks with great arrogance at end of game when he said Creon to take care of her daughter and says he will do before you die. It is being able to still accomplish great things, even after these terrible crimes, such as incest and regicide. Understand that you cannot change or escape past, and you can achieve anything, ev en after committing heinous crimes in your life all that Oedipus sees his error after his life was ruined, and he sees he could stop (Sophocles 78-122). When you look at your life and see something that leads to bad consequences do, you see most often how you could have easily avoided, usually the small part in origin of whole ordeal. Throughout story, Oedipus haste or lack of patience is most obvious. Wanting to put the end to mystery of Laius’s death as quickly as possible, Oedipus kill or deport those who have information. Teiresias tested Oedipus' patience in early history of information, which he held in his hand, you have experience! This forward accusing Tiresias was bad, especially as Tiresias predicted end of history. If Oedipus was more patient and waited, he would not have been so upset about future or whipped, which was happen. However, this is not just the feature take its supreme authority. Oedipus displays of anger throughout story, which did not help at all. L atest sign of that was worst enemy of any Oedipus was his own veracity. Whenever new facts are presented, Oedipus gave them the honest opinion. Once he was the suspect, who was involved Oedipus, he admitted, I think I am disgusting my own ignorant edict. Oedipus retained no evidence its future potential foreclosure and loss of his royal status. As history has risen to highest point, Oedipus preserved evidence of shepherd, that it was the terrible hearing, but it needs hear

British Slavery in the Middle of the 18th Century Essay

British Slavery in the Middle of the 18th Century - Essay Example This paper declares that  in Britain colonies, the white masters owned black domestics and the number of black servants one had showed their position or wealth. With time, owning slaves became a trendy habit and slaves were imported to satisfy these tastes. In England, slaves were more than rejects and worthless people in the growing Atlantic empire. Slavery suited Africans since the whites regarded them as less human, which then made them predators of slavery system that removed them from their homelands and cast them ashore in Europe particularly Britain. In Britain, forcing slaves into horrible labour involved justifications from the Bible and ancient Greek practise.From the discussion it is clear that  the definition of Britain as the largest slave trafficker globally was highly due to London. It was in London where the earliest slave traffickers like John Hawkins lived in the 16th century. In addition, the early seventeenth century saw the creation of monopoly firms by Royal Charter with the objective of slave trade. Slave trade companies located in London included The Royal Africa Company and the Royal Adventurers. Ports in London played the crucial role of sending ships to Africa and America, and handling and processing most slave-produced goods and sugar into Britain. Obtaining slaves from African states was not an easy task and at times, it involved random raids by Europeans before becoming a regular commerce.

Modernism and Postmodernism Essay Example | Topics and Well Written Essays - 1750 words

Modernism and Postmodernism - Essay Example In the next section the focus will shift to the contribution and impact of modernism and postmodernism to our society. "Modernism signals a dialectical opposition to what is not functionally 'modern, namely 'tradition'." (Eysteinsson, 1990, pg.8). The term modernism refers to a movement that gained popularity in the closing years of the 19th century and was prevalent through the period of the world wars right upto the late 1940's. (criticalpoet website) Like any other socio-cultural movement, modernism has a great impact on the poetry, fiction, drama, painting, music and architecture of that era. The era of modernism has also been referred to as the period of 'scientific idealogy'. The ideologies of modernism were backed by scientific rationale and these scientific theories were used to expose the failing of rival beliefs. A popular example of modernist is the theory of Darwinism as against the Biblical Literalism. (Nine O'clock Service website) It was an era when people tried to break away from traditional beliefs and practices. breaking away from convention there were several experiments with news forms and styles of self expression. The website of the Nine O'clock Service quotes J.urry whi in his 'The tourist gaze: leisure and travel in contemporary societies' (1990) says Modernism ""involves structural differentiation. the separate development of a number of institutional and normative spheres; of the economy, the family, the state, science, morality, and an aesthetic realm" (p.84) The website goes on to state that the modernist sees ordered differences in all aspects of life like scientific and every day knowledge, literature and popular fiction class and mass"; "art and craft"; "education and entertainment or even serious and commercial. In terms of sociology, the modern society is said to reflect the industrialized world where technology plays an important role. The age also saw the break up of traditional communities and religious beliefs and individuals with their strength and convictions came into prominence. But modernism had its flaws. Over the years another school of thought challenged the modernists notion of truth as defined by science. This wave has been called 'post-modernism'. Historian Arnold Toynbee first used the term post-modern in 1939. A very broad based term, post modernism has come to define the beleife that there can be no absolute truth and focuses on the concept of relativity. It is a revolutionary theory that does not believe in the pursuit of truth on defined knowledge. Instead postmdernism believes that every experience is unique and temporary. (Rosenau.P, 1992, pg 26) It suggests that there are no single truths and experiences and circumstances define our understanding of truth. Post modernism too has had its impact on every walk of life. This theory came into prominence somewhere in the late 1940's and early 1950's. The idea of postmodernism is relevant in the works of thinkers like Friedrich Nietzsche. His "death of God" movement propounded the theory that knowledge is interpretive with no one meaning. With the death of God Nietzsche held that moral truth was relative. The self was acclaimed as the most powerful who he termed superman. But with the rise of powerful men like Hitler and stalin who held the society to ransom, thinkers of the post war generation realized the significance of

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

Students Attending - Case Study Example This forms a need for research to determine the nature of factors that are intent on making this a challenge and a rising concern. It has been noted that since its inception in the United States, the government continually funded the HBCUs in a bid to raise the number of students from the black minority that are getting higher education. However, the dwindling financial aid to the low-income students and the increased competition from the predominantly white institutions is proving to be a challenge amongst these students. Private colleges and universities did not build up a solid financial base and this has caught up with them at the moment since it is very difficult for them to raise money for institutional resources and the ability to fight of financial starvation in the increasingly competitive environment. The institutions are also fighting for a share in the government support and this financial stand off is really affected the students as the academic experience is not is not of quality (Gayla, 2009). Social factors often have been identified as critical in the success of the African-American students. It was hypothesized that students who participated in social activities are more likely to remain at the university. This is due to social integration and academic integration. This has improved their participation in the academic sector and this implies that this is a good way of relieving stress and increasing performance (MacKay & Kuh, 2004). It is revealed that the environment of predominantl y-White institutions can be more alienating than the environment at historically-Black institutions (Loo & Rolinson, 2006), while attending a historically-Black institution is related to satisfaction with the overall college experience. Unstructured socialization has been seen as the most predominant cause of time wastage among the black students. This has made the people to have less time to do their studies and also less time to attend to the class work. However, individual background and differences have been found out to have a great toll in the way that they adopt to time management schedules and the rate at which they focus in class (Gayla, 2009). This dictates their performance as lack of attention directly affects the there attention status of the students. Perceived stress is another case where the students face clear and distinct analysis of their own feelings about the recurrent issues in their lives. It is true that the hardships they face on a daily basis are enough to make the students feel very disturbed. This makes them not concentrate in class and perform poorer in their academics. The major problem is the racial segregation and also the way in which they can attain basic necessities and the need to be top in what their academics. It is therefore important for researchers to come up with a way to fix these problems and assist the black minority kids in these HBCUs and in the PWI to excel and match the other lucky children from the dominant groups. The basis of this research is in consideration of these factors and also in consideration of the minority groups that have no voice in policy making. It entails the steps that can be taken to help the kids remain in school and also have equal opportunities like the rest of the students in their midst.

British Slavery in the Middle of the 18th Century Essay

British Slavery in the Middle of the 18th Century - Essay Example This paper declares that  in Britain colonies, the white masters owned black domestics and the number of black servants one had showed their position or wealth. With time, owning slaves became a trendy habit and slaves were imported to satisfy these tastes. In England, slaves were more than rejects and worthless people in the growing Atlantic empire. Slavery suited Africans since the whites regarded them as less human, which then made them predators of slavery system that removed them from their homelands and cast them ashore in Europe particularly Britain. In Britain, forcing slaves into horrible labour involved justifications from the Bible and ancient Greek practise.From the discussion it is clear that  the definition of Britain as the largest slave trafficker globally was highly due to London. It was in London where the earliest slave traffickers like John Hawkins lived in the 16th century. In addition, the early seventeenth century saw the creation of monopoly firms by Royal Charter with the objective of slave trade. Slave trade companies located in London included The Royal Africa Company and the Royal Adventurers. Ports in London played the crucial role of sending ships to Africa and America, and handling and processing most slave-produced goods and sugar into Britain. Obtaining slaves from African states was not an easy task and at times, it involved random raids by Europeans before becoming a regular commerce.

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

Students Attending - Case Study Example This forms a need for research to determine the nature of factors that are intent on making this a challenge and a rising concern. It has been noted that since its inception in the United States, the government continually funded the HBCUs in a bid to raise the number of students from the black minority that are getting higher education. However, the dwindling financial aid to the low-income students and the increased competition from the predominantly white institutions is proving to be a challenge amongst these students. Private colleges and universities did not build up a solid financial base and this has caught up with them at the moment since it is very difficult for them to raise money for institutional resources and the ability to fight of financial starvation in the increasingly competitive environment. The institutions are also fighting for a share in the government support and this financial stand off is really affected the students as the academic experience is not is not of quality (Gayla, 2009). Social factors often have been identified as critical in the success of the African-American students. It was hypothesized that students who participated in social activities are more likely to remain at the university. This is due to social integration and academic integration. This has improved their participation in the academic sector and this implies that this is a good way of relieving stress and increasing performance (MacKay & Kuh, 2004). It is revealed that the environment of predominantl y-White institutions can be more alienating than the environment at historically-Black institutions (Loo & Rolinson, 2006), while attending a historically-Black institution is related to satisfaction with the overall college experience. Unstructured socialization has been seen as the most predominant cause of time wastage among the black students. This has made the people to have less time to do their studies and also less time to attend to the class work. However, individual background and differences have been found out to have a great toll in the way that they adopt to time management schedules and the rate at which they focus in class (Gayla, 2009). This dictates their performance as lack of attention directly affects the there attention status of the students. Perceived stress is another case where the students face clear and distinct analysis of their own feelings about the recurrent issues in their lives. It is true that the hardships they face on a daily basis are enough to make the students feel very disturbed. This makes them not concentrate in class and perform poorer in their academics. The major problem is the racial segregation and also the way in which they can attain basic necessities and the need to be top in what their academics. It is therefore important for researchers to come up with a way to fix these problems and assist the black minority kids in these HBCUs and in the PWI to excel and match the other lucky children from the dominant groups. The basis of this research is in consideration of these factors and also in consideration of the minority groups that have no voice in policy making. It entails the steps that can be taken to help the kids remain in school and also have equal opportunities like the rest of the students in their midst.

Ethical considerations Essay Example for Free

Ethical considerations Essay Deception; the participants were not aware that they were taking part in a psychological study about memory until after the study had taken place in order to reduce the risk of bias in the experiment. Afterwards they were informed and were given the opportunity to withdraw their responses without prejudice. They were told that no names would be recorded and that confidentiality was assured of their result. Another risk would be if people then realised the experiment tested memory they could think it was to do with intelligence and worry that they would be judged as stupid if they did not remember many words. This could cause psychological distress to that person and might confirm personal fears of insecurity causing further damage. This could be controlled by warning the participant what the study was going to be about before they did it so if they felt embarrassed or worried about their result they could make a more informed decision not to take part. Results This table shows how many words were recalled by each participant. It shows that the mean average number of words recalled in Condition A was 15.08; 1.59 less than condition B at 16.67. It also allows us to see that 2/3 of the participants recalled more words with classical music playing than they did in silence.  Summary table to show the number of words recalled by each participant in condition A and. Condition B This bar chart shows condition A results in red and condition B in green. From this we can see that both the highest and lowest numbers of words recalled were in condition B. This bar chart clearly demonstrates the difference between condition A and B to vary greatly throughout the experiment.  This pie chart shows the difference between the average scores to be quite insignificant as there is only a 5 % difference which means that although most of the numbers of words recalled did increase from condition a to condition b there was not a big difference when taking into account what their scores actually were and working out the average. I also deduced the range to be 12 for condition A, the lowest/ highest values being 8 and 20, and 17 for condition B, the lowest/ highest values being 7 and 24. The median, however, for both was the same at 16.5. This means there was a wider spread list of values for condition B therefore more variation in how many words people remembered than in condition A.  However the descriptive statistics used above only describe what has been found. In order to suggest the probability of achieving the scores that we did, an inferential sign test was used. A sign test was used as the experimental design was a repeated measures design and the data collected was nominal. When we applied our raw data to the sign test analysis a sign value of 4 was achieved. As this exceeds the critical value of 2, for 12 participants, we can suggest that the raw data achieved is more than 5% due to chance factors and less than 95% due to the manipulation of the independent variable which means our original hypothesis is only partially supported. Discussion From the results obtained in this experiment, we can suggest that our one tailed experimental hypothesis of playing classical music during a memory test will increase the number of words remembered, is only partially supported, in that only 2/3 (66.67%) of participants recall improved when tested with classical music. This was not found to achieve a significant level of probability 0.05, which means that recall was not 95% or more due to the manipulation of the independent variable i.e. whether or not classical music was playing in the background. Therefore on this occasion we must accept our null hypothesis of there will be no significant relationship between whether or not music is played in the background and how many words the participants remember as there was not a high enough probability to suggest that the variation in number of words recalled was a direct effect of the manipulation of the independent variable. In our experiment we found that classical music did improve performance of memory as 2/3 of the participants recall improved. This disagrees with the findings of Cohen whose study suggested that participants who were exposed to background noise were cognitively impaired. Our experiment was similar to Cohens in that it tested the effect of environmental stimulants on recall ability. Cohen, however, tested the participants under exposure to aircraft noise which is much louder and more distracting than a relaxing piece of music such as Mozart. Our findings, therefore, may be more appropriately compared to the findings of Dr. George Lozanov. Lozanov designed a way to teach foreign languages to children in a fraction of the learning time. He did this by teaching whilst using certain 60 beats per minute Baroque music and found that his students had a retention rate of 92% and an accuracy of 85- 100% after only thirty days. The findings of which reflect our own in that he used classical music, with the typical 60 beat per minute pattern, to improve performance of memory in the recollection of vocabulary in foreign languages. However, the percentage of improvement in his experiment was 92%, whereas ours was only 66.67% and therefore shows that his experiment was more accurate than our own However, as our participants were young adults and not children, as in the above, direct and reliable comparisons may not be fully appropriate. This could be due to wider social influences upon adults in relation to children for example a young adult would understand the instructions better and therefore might feel under more pressure to perform than a child. This could have adverse effects and make their performance worse or make them try harder than a child would. Due to this ignorance on the childs behalf, an experiment involving children is often more natural. Also, differences in procedure and experimental design may have led to the difference in findings. For example Lozanov choose to teach foreign languages to children and it has been proven that children have a higher capacity than adults for learning language, as they are not as set in speaking their own language as an adult is. The differences found may have related to this factor and so had an effect upon the data that we achieved. If my experiment had been carried out on children instead I think I would have gotten more positive results due to the above reasons. Other limitations include our choice of method; an experiment is not a natural setting as participants would feel pressurised by the fact that their results were being analysed and might have not been able to concentrate on recalling the words. An improvement could have been a test administered by a normal teacher in a classroom environment, where students would be more used to getting a test and might be more relaxed. This would be unethical, however as it is deceptive. The repeated measures design used meant that the list of words in the second experiment had to be changed because the same participants had seen it in the first experiment and therefore might recall more words after looking at it for a second time. This would have meant the results were inaccurate therefore another list of words was devised. This could however have caused even more problems because, although care was taken not to use more confusing or longer words from one list to another, the experiment was not standardised and therefore direct comparisons could not be made. A matched pairs design would have allowed comparisons to be made between the lists, but not as accurately between the participants, as every participant will be different. The opportunity based sample that I used meant that there werent an equal number of males and females, therefore it wasnt representative. A better sampling technique would be to use stratified sampling, in which equal numbers of the same sex can be selected. If the target population was larger, the sample would have been more representative but we needed to use similarly aged participants, as there would have been difference in recall ability between, for example, a four and an eighteen year old. Using people from our own class could have interfered with the result because the participants knew who they were doing the experiment for and could be biased to the experimenter. Also, I think that using younger participants would have given a more natural element to the experiment, as they would not ask too many questions, worry about the results or interfere as much with the experiment by not trying their best. The participants did not seem to be confused by the standardised instructions but they might not have been clear on why they were doing the experiment, which could have had an effect on their performance. The participants were also talked through the experiment as we carried it out and everything was plainly stated to them. A better way of presentation of the words however, might have been to present them on an over head projector, so that timing could be controlled better; in our experiment, participants were in control of turning over the sheet of paper with the list on and therefore could have turned it over before the test started. The paper was only one sheet thick as well so participants might have been able to see the words even when the sheet was face down. To expand the experiment further, there are many different variables and different aspects of memory which I could test. The serial position effect, mentioned in my introduction, would be an interesting aspect of memory to test as I noticed in the lists of words there were a significant number of words from the start and the end of the actual list, included in the words the participants remembered. We could test this by setting a quota at, say, the first five and last five words and seeing what percentage of the recalled words were within one of these quotas. We could have used a recording of background noise to repeat Cohens experiment or used music with words to test the participants. A really interesting experiment would be to use children against adults in a memory test with the classical music, as I believe children would give a more positive result in relation to my hypothesis. I dont believe that there would be a significant difference between males and females, if any, but it would be worth considering. We could have tested different amounts of words see if there is a difference in capacity of recall between a list of one hundred words and thirty words; would the participants be put off by the amount of words and not remember as many for the long list as the short? There are clearly many different experiments relating to memory that could be tested.