LAND LAW Essay Example | Topics and Well Written Essays - 3750 words

LAND LAW - Essay Example He was not regular in visiting his property since he purchased it in year 1952, when he had asked his seller to plant Christmas trees on the land with the idea of harvesting it in later years. However, he could not tend to his land since he was posted at Bonn between the years 1955 to 1967. Subsequent to his return, between the years 1967-1972, the McFarlane’s could make few visits to the property site, but it was clear that his interest in his property was waning. The McFarlanes did not suspect that their land was under the possession of Powell until, in 1972, they noticed the new fencing on their land, which gave rise to suspicion in their minds that perhaps all was not well regarding their claims to the stated property. Powell brought action stating that he was in adverse possession of the said disputed land since 12 years from the period 1960 to1972.In order to substantiate this statement, he had to prove that he had actual possession and control over the said land for the last 12 years. The facts, as observed by Slade J, were that for a person to be in possession, whether legal or illegal, he should be able to bring action for trespass, against any trespasser or squatter, who comes into the said land, without his permission. This is except in the case of a person who has a better title to the land then what he himself has.. In other words, he had to maintain animus possidendi.This means that, when the law has to attribute possession of a land to person who does not have paper title on the said land, he must be in a position to prove that he has both the factual possession as well as the requisite intention to possess the said land. (Farlane 1977). The main issue in the event of alleged possession is that the squatter is dealing with the land as though it is his own, and in a manner that would be used by the true owner, and nobody else. The essence of animus posited is that the squatter, in his own

Life Attitudes of the Government Employees at the City Council of Davao Essay Example for Free

Life Attitudes of the Government Employees at the City Council of Davao Essay Factors involved in having satisfying attitudes are that we should enjoy life, be accountable for our own well being, and think in terms of taking care of our whole person. Positive attitude helps to cope more easily with the daily affairs of life. It brings optimism into your life, and makes it easier to avoid worry and negative thinking. If you adopt it as a way of life, it will bring constructive changes into your life, and makes them happier, brighter and more successful. With a positive attitude you see the bright side of life, become optimistic and expect the best to happen. It is certainly a state of mind that is well worth developing and strengthening. Based on the facts stated above, the researchers opted to investigate the life attitudes of government employees at City Council Davao City. Statement of the Problem This study aimed to investigate the general Life Attitudes of the government employees at City Council in Davao City; specifically it sought answers the following: 1. What is the profile of the respondents in terms of: 1. Gender; and 2. Age? 2. What is the life attitude of the respondents? Is there a significant difference in the life attitude of the respondents when they are grouped according to age and gender? Hypothesis Ho: There is no significant difference in the life attitude of the respondents when they are grouped according to age and gender. Methodolgy This study made use of a descriptive-comparative design. Survey questionnaires were used as instruments for data collection. The respondents of this study were the employees of the City Council chosen using the simple random technique. The study was conducted throughout the City Council’s operating hours from Mondays through Fridays starting last January 16 to January 20, 2012 around 1-3 pm. The randomly sampled respondents were asked by the researchers for consent and approval to answer the questionnaire until the desired number of respondents which was 30 has been reached. The data were analyzed using appropriate statistical tools. The mean was used to determine the employees’ life attitude. The frequency and percent distribution were utilized in determining the employees’ profile in term of gender and age.

Affirmative Action and College Admissions: A Legal and Ethical Analysi

Affirmative Action and College Admissions: A Legal and Ethical Analysis I. Introduction The institution of public education has been one of the most controversial establishments in the United States since its inception. More specifically, equality in the conditions and the opportunities it provides has been sought as one of its major goals. There is little doubt that minority ethnic groups have struggled to achieve educational equality, just as they have struggled for equality in other aspects of life. One way that minorities have tried to achieve equality in education is through lobbying for help in college admissions for their respective groups. This social practice has been debated on many grounds, including necessity and ethical permissibility. The debate over the necessity of equal opportunity in education for minority groups can be traced back to the post Civil War era. The well-known debates between African-American intellectuals W.E.B. DuBois and Booker T. Washington focused on this issue. DuBois believed that the newly emancipated blacks should be slowly integrated into the culture of white America. He argued that the best way for African-Americans to further themselves in society was to embrace their differences and not try to be subjected to the same educational system as the majority population. On the other hand, Booker T. Washington believed that blacks needed to be declared completely equal to whites in every way. He wanted immediate integration into all social institutions that were available to whites, including public education. Washington believed that this was the only way that equality could ultimately be achieved was to break down the social barriers between the races immediately and ... ...w.abanet.org/publiced/focus/spr98collad.html" > Alger, Jonathan. "The Educational Value of Diversity." The American Association of University Professors. Academe, January/February 1997. < "http://www.aaup.org/publications/Academe/1997/aadivart.htm" > Curry, Tom. "Split Decision on Racial Preference." MSNBC News. June 2003. < "http://www.msnbc.com/news/929326.asp?0cv=CA01&cp1=1" > Hurdato, Sylvia et. al. Defending Diversity: Affirmative Action at the University of Michigan. University of Michigan Press. 27 February, 2004. Orfield, Gary. Kurlaender, Michal. Chilling Admissions: The Affirmative Action Crisis and the Search for Alternatives. Harvard Education Publishing Group, 2001. Orfield, Gary. Kurlaender, Michal. Diversity Challenged: Evidence on the Impact of Affirmative Action. Harvard Education Publishing Group, 2001.

Renoir and Mayo Art Comparative Analysis Essay

While both Renoir and Mayo’s art are similar in that they are both from earlier time periods, they are different in culture and where each scene from the painting takes place. Renoir’s painting is a French impressionism, while Mayo’s is contemporary American folk art. Renoir’s piece, Juenes filles au Piano, was painted in 1892, during the 19th century. In this piece, two girls are sitting at a piano. Renoir’s piece shows a wealthy like atmosphere because there are fancy curtains, a nice couch in the background, and the two girls are playing a piano meaning they are wealthy enough to have the privilege to play such an expensive object. The expression on both the girls’ faces look determined, as if they are practicing for a very important piano recital, but also look quite tired of practicing the same sheet of music for hours. Meanwhile Mayo’s piece is Contemporary American folk art instead of a French impressionism. Even though Mayo’s piece, Just Visiting, was painted in 1991, one can see it as an old vintage painting with a rural setting. The lighting in both pieces of art is very different, Renoir’s oil painting has dark, faint, smooth colors. Mayo’s lithograph has bright, light colors. Though Renoir and Mayo’s painting are very different in numerous ways, they are also very similar. Both pieces show the different culture and wealth of the pieces. The ways the people are dressed in both painting are also very similar. In both paintings, the characters are wearing long dresses, just like the one’s people wore back in the day when there was no electricity or motor vehicles. While both Juenes Filles au Piano and Just Visiting are similar in the time periods, they are different in meaning and culture.

Different Interpretations of Taming of the Shrew Essay

Since there are so many different adaptations of Taming of the Shrew, there are quite a lot of differences when you see it, then when you read it. Especially when you try to imagine the Wooing Scene, in Act 2 Scene 1. Here are a few main differences I noticed in two of the different adaptations I watched: * Gaudete Academy 2010 Production (http://www.youtube.com/watch?v=xaebQOnnHMU) * Petruchio was a little scared of Katherina when he first met her * Katherina was a lot more harsh, physically * Instead of dialogue with words, they made Petruchio speak and Katherina act with facial expressions and basically actions. Petruchio: You lie in faith. For you are called Kate. Plain Kate. Bonny Kate. And sometimes Kate the curst. (Katherina flicks him annoyingly) * Also Petruchio has long monologues, but instead they make Katherina respond with actions and not verbally. So Kate’s actions made it seem like dialogue * There is so much more physical abuse, than verbal abuse Petruchio: My super dainty Kate. (Katherina pushes him off the stage) * They change some words and sentences, so the audience understand the jokes and puns * A lot of interaction with the audience Petruchio: Take this of me, Kate of my consolation: Hearing thy†¦ hearing thy†¦ Uh, help? What’s that sir? *Harpy* Hearing thy Harpyishness praised in every town * Taming of the Shrew (1976) (http://www.youtube.com/watch?v=RdqOHvcD-VU) * Baptista acts a little evil when Petruchio asks for Kate’s hand in marriage * Petruchio acts a lot more rude, physically * Katherina struggles with Petruchio a lot more * Katherina seems weak, even from the start * Kate doesn’t argue as much as in the play * Petruchio over powers Kate a lot, instead of them being equally horrid * Petruchio adds more actions, so it adds more emphasis to the argument * Gremio’s line stands out more, than in the play script * Taming of the Shrew (CorkShakespeare) This one is very similar to the original play script, so not many points (http://www.youtube.com/watch?v=hxtQKwHO6xU) * Most of the other adaptations points * Costumes were modernized * Petruchio is very forceful

Success And Failure In Death Of A Salesman Essays

Success And Failure In Death Of A Salesman Essays Success And Failure In Death Of A Salesman Paper Success And Failure In Death Of A Salesman Paper Essay Topic: Death Of a Salesman Success And Failure In Death Of A Salesman Success and Failure in Death of a Salesman Throughout history societys interpretations of success and failure remain fundamentally sound. Over the years monetary, occupational, and family standings continue to be some key items which measure the success and or failure of an individual. Many people believe that a well-paying occupation and the possession of material goods such as cars and houses represent the epitome of success. On the other hand, society considers the lack of money and material goods in ones lifetime typical of a loser. In order to be triumphant both in Arthur Millers lifetime as well as in present day society, one must conquer mankinds high expectations. Fulfilling these demands is attainable for only a small percentage of the human race. However, meeting these challenges for the majority of mankind whether through indifference, neglect, inferiority, or laxity leads to what society labels, unsuccessful. Today the general public is far more generous in their acceptance of people who strive and attain successf ul standings in the workplace and community, than those who lack determination and drive. Arthur Millers ideas on success and failure similarly concur with the viewpoints of present day society. Many of Millers life experiences are relative to success, death, salesman, willy, willys, miller, family, failure, dream, charley, society, ben, one, life, loman, drama, well-liked, millers, american, world, reality, father, dreams, views, successful, never, man, business, bernard, about, throughout, present, past, order, during, being, because

The Fall of the Aztec Empire essays

The Fall of the Aztec Empire essays In this essay I will tell how the Aztec and Inca empires ended, and also I will compare the fall of both empires, using for a point of departure the arrival of the Spanish conquistadors in the land of Mexico. Wherever the Spanish went always the same thing happened, from my point of view. Innocent people were killed for no good reason, cities were massacred, civilizations were destroyed or forced to convert to Christianity. And so, I think now is the time to reevaluate the actions of the European explorers who subjugated the native American peoples and their civilizations. Undoubtedly the most glorified and heroically portrayed of these figures of the European conquest of the New World were the conquistadors, the Spanish conquerors of Mexico and Peru in the 16-th century. These men, under leaders such as Hernan Cortes and Francisco Pizzaro nearly eliminated the Aztec and Inca peoples. Surely many of these soldiers were extremely cruel and intolerant of the native populations. But it is important to consider, with the push of both sides toward territorial expansion, how these groups (European and American) could remain isolated from each other. Furthermore, with meeting of these two imperialist cultures, it must be considered whether it would be possible for the two to peacefully coexist. From the point of view of what we know today it seems impossible that Europe could have remained completely ignorant until the XVI century with respect a civilization that by then had existed in Mexico for more than one thousand five hundred years. Equally astonishing is the indifference that the conquerors showed towards the universe that by pure luck crossed their path. Nothing shows the attitude Cortes had - attitude that he kept util the end of the conquest - better than the gift he made to the Aztec chiefs: even though his wonder upon discovering signs of a great cultural refinement, he did not doubt for even one moment that he was in the presence...

Celebrate Thanksgiving in Spanish

Celebrate Thanksgiving in Spanish Prepare to speak Spanish on Thanksgiving by learning these words. Many of these words dont have much of a cultural context outside the U.S. and Canada (which celebrates its Thanksgiving in October), as no Spanish-speaking countries have a version of Thanksgiving. The phrase  for Thanksgiving, by the way, is Dà ­a de Accià ³n de Gracias. Thats a mouthful that could be translated literally as the day of the act of thanks. The French form is similar  -   the Canadian Thanksgiving is known as lAction de Grà ¢ce. Holiday-Related Words agradecido (por) - thankful (for)ciberlunes  - Cyber Mondayla colonia - colonycompartir, repartir - to shareel cuerno de la abundancia, la cornucopia - cornucopiael desfile - paradeDios - Godla familia - familyla festividad de la cosecha - harvest festivalel fà ºtbol americano - football (not soccer)gluglà º gluglà º - gobble gobble (turkey sound)las gracias - thanksel indio, la india, el indà ­gena americano, la indà ­gena americana  - American Indian, native Americanel noviembre - Novemberel otoà ±o - autumn, falllos parientes  - relativesel peregrino - pilgrimel viernes negro, el viernes de descuentos  - Black Friday Food-Related Words Keep in mind that names of foods dont necessarily translate well, or might not be understood in Spanish-speaking countries, due to cultural differences. For example, the various words that can be translated as pie include pastel, tarta, empanada, and even pay (pronounced similarly to the English word). All of those words except the last also refer to other types of desserts.Also, it is common with fruits and vegetables for a popular name to be applied to multiple botanical classifications. For example, there are at least eight species of tuberous plants called  Ãƒ ±ames (yams), and a few are unlike what you might find in the U.S.   el arndano rojo - cranberryel banquete - feastel budà ­n, el pudà ­n - puddingla cazuela - casserolela cena - dinnercomer - to eatla cucurbitcea,  la calabaza - squash (the same Spanish terms also are used for other related plants)el maà ­z - cornla mazorca de maà ­z - corn on the cobel à ±ame, la batata, el boniato - yamel panecillo - dinner rollel pastel (o la tarta) de calabaza  - pumpkin pieel pavo  - turkeyel pavo asado  - roast turkeyel purà © de patatas - mashed potatoesel relleno - stuffing, turkey dressingla salsa para carne - gravylas sobras, los restos - leftoverslas verduras - vegetables Vocabulary Notes Ñame, the word for yam is one of the few Spanish words to start with  Ãƒ ±. Among the more common ones are à ±oà ±o (insipid or dull) and words derived from it, à ±ora (red pepper), and à ±u (gnu). Panecillo shows how diminutive suffixes are used. Pan is the word for bread, so even if you didnt know what panecillo means, you might guess that it is a small type of bread. In Spanish, it is sometimes possible to distinguish between  male and female animals by using the masculine and feminine forms of the word. Thus a female turkey is una pava. Some other animal names follow a similar pattern: Una mona is a female monkey, una polla is a young hen (and also an off-color word with a different meaning), and una puerca is a sow. But dont assume that any feminine animal name refers to the feminine of the species. For example, una jirafa is a giraffe regardless of its sex. While  relleno would normally be used to refer to turkey stuffing, the same word can be used for just about any type of food filling. A stuffed chili, for example, is known as a chile relleno. While verduras is the word to use when talking about vegetables as a food, vegetales is used more often when talking about vegetables as a type of plant. Sample Sentences Los indios de la tribu de los Wampanoag enseà ±aron a los peregrinos cà ³mo sembrar maà ­z. (The Indians of the Wampanoag tribe taught the pilgrims how to plant corn.) No es difà ­cil prepara un pavo exquisito para celebrar el dà ­a con tus amigos y familiares. (It isnt difficult to prepare a delicious turkey for celebrating the day with your friends and family members.) Despuà ©s de la cena, vamos a ver un juego de fà ºtbol americano. (After dinner, well watch a football game.) Tenemos mucha gratitud por todo lo que tenemos. (Were grateful for everything we have.) Key Takeaways No Spanish-speaking country has a version of Thanksgiving, so native Spanish speakers in those countries may have little cultural context when dealing with Thanksgiving-related words.When translating holiday-related words to Spanish, keep in mind that there may be only a partial correlation between meanings. For example, while a gravy is salsa in Spanish, salsa can refer to many other types of sauce as well.The Spanish phrase for the holiday itself is a long one: Dia de Accià ³n de Gracias.

Is Whistle Blowing Ethical or not Research Paper

Is Whistle Blowing Ethical or not - Research Paper Example The morality comes into question when there is a conflict between the individual’s duty to staying loyal to the firm and the freedom to speak out against what is wrong. The dilemma is severe because of the fact that individuals/employees are legally and morally bound to show their loyalty to their employers as well as ascertain the fact that one does not, directly or indirectly, get involved in any wrongdoing (Beauchamp and Bowie). It has become a common practice to link whistle blowing to loyalty with ones employer, such that several literature surrounds topics such as â€Å"whistle blowing versus organizational loyalty† or â€Å"whistle blowing and loyalty† (Lindblom). In his book, Robert Duska offers an interesting insight- that loyalty to the firm is an impossible event. According to Duska, employees have a contractual obligation to perform their duties responsibly in return for the compensation that they get (Larmer). However, according to him, the concept o f personal responsibility to the company is void and that no loyalty issues should arise when discussing the notion of whistle blowing. According to him, one must engage in whistle blowing only for the collective good of the society (Larmer). The conflict of whistle blowing with loyalty is more intricate than suggested. ... Hence, in this context, loyalty would mean that the individual must show concern towards the potential harm and loss of reputation, goodwill, sales etc. that the organization would suffer as a result of him/her blowing the whistle. However, there is another view by Ronald Duska, which states that organizations should not be recipients of loyalty simply because only â€Å"humans† can be objects of loyalty and not the organization as an entity in itself (Lindblom). Also, according to Bok, whistle blowing almost always pertains to the personal level since it involves unveiling the wrongdoings of someone else. The whistle blower may face tremendous moral and ethical conflict when it comes to the same because of several reasons. One of the reasons is the uncertainty whether or not the act is going to result in the general welfare of the public. Furthermore, the whistle blower is faced with moral dilemma when he/she has to weigh his/her moral responsibility to protect the interests of his co-workers versus his/her responsibility to protect the interests of the public. In any case, the latter is considered more important. A final reason for the dilemma, according to Bok, is the potential threat of loss of job, social circle, reputation, or even violence that could result from blowing the whistle. On the contrary, however, whistle blowers often receive strong support and appreciation from the society since they perform a vital job. The job is indispensable because, if it weren’t for the whistle blower the truth of the moment would lay hidden from the public forever and would result in injustice. Furthermore, Bok has emphasized three main elements that lead to whistle blowing becoming a problem. First

Pathology Essay Example | Topics and Well Written Essays - 250 words

Pathology - Essay Example Cirrhosis does not show any signs or symptoms in the earlier stages. The symptoms include fatigue, bleeding, itchy skin, jaundice, ascites, nausea, edema of lower limbs, weight loss and confusion. Once an individual shows such signs, it is important to have them tested or scanned to establish the problems with their liver (Healthcote, 2003). There are other diseases that have similar clinical manifestations so it is advised that one should have regular scans to avoid cases where cirrhosis could progress to lethal stages (Stephen, 2010). Cirrhosis is caused by the formation of tissues in the liver as the liver strains in its activities. In the process the liver gets injured and in its repairing mechanism there is the formation of scar fibrous material. The accumulation of the materials is what causes cirrhosis. Other factors that cause cirrhosis include hemochromatosis, Wilson’s disease, biliary atresia, galactosemia, hepatitis, alcohol abuse, primary, sclerosing cholangitis and schistosomiasis (The Mayo Clinic; Kushner and Edwards, 1993). Imaging through magnetic resonance elastography, magnetic resonance imaging and computed tomography are used to see the liver damage. The doctor also gets the patient’s history before administering a plan. Cirrhosis may be controlled by changing lifestyles for the alcohol takers. Hepatitis can be controlled and nutritional supplements can be used to prevent further damage (Stephen,

Fashion Cultures- Future Catwalk Essay Example | Topics and Well Written Essays - 2250 words

Fashion Cultures- Future Catwalk - Essay Example The essay "Fashion Cultures- Future Catwalk" discovers the future catwalk in fashion. The social dynamics that prevails in every human population presents subsequent changes in cultural values like practices and beliefs. Dynamics in the ancient societies depicted changes in typical values like beliefs and medieval practices. However, the modern and the postmodern societies go through dynamics in the aspect of fashion and life styles. The shift in fashion pillars in the social scene signifies the changes in practices and values of generations. It is important to note that, we can evaluate the aspect of fashion as a mark of social dynamic and the elements involved during social dynamics in the road of fashion. Fashion is the basic element of lifestyle in every society. In the social context, fashion means the latest trends in the cultural values and practices prevailing in any given social setting. Fashion marks the evolution and changes of the society in conformity with the prevailing trends and life styles postulated by the reference groups. Reference groups in the society tend to set new or modified standards that define the appropriate styles and fashion values. These trends are meant to be adopted by members of any society at any given time. The actual aspect of fashion materializes in the society through clothing items used by people in that society. These clothing items include foot ware, body accessories, and clothes. In the modern world, the aspect of fashion has been implicitly incorporated.

History Essay Example | Topics and Well Written Essays - 750 words - 19

History - Essay Example In 1957, when Martin Luther King was just 28 years old, he took upon the mission to make the soil of America free from racism and give its people the dream for bringing America into the threshold of racial justice and instill in African-Americans to fight for their immutable rights with dignity and discipline. He gave this memorable speech as a part of the civil rights movement at the Lincoln Memorial in Washington, D.C. Just in the midway of the speech, King improvised the speech and gave to the world the words in which were interwoven the dreams of millions of Americans to emerge from the debris of subjugation and racism. He said: â€Å"I still have a dream. It is a dream deeply rooted in the American dream. I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident: that all men are created equal. I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood†¦.† (U.S. Constitution Online, Online) It was not just the dream for the people of that era but is also a dream for the people of today’s generation too. His words stirred among people feeling of hope and aspiration that one day they would be free and one day America would see dawn in which there would be no racial discrimination in the name of color, caste or creed, and the place where everyone would be free. America celebrates Independence Day every year on July 4, the day when the foundation was laid for the most powerful and democratic nation of the world. The report I read to commemorate the independence was published in online edition of â€Å"New York Times† on 1st July 2007 written by Maya Jasanoff titled â€Å"Loyal to a Fault†. 4th July 1776 was the most commendable day for the American independence after the prolonged

Education and Public Policy Research Paper Example | Topics and Well Written Essays - 750 words

Education and Public Policy - Research Paper Example While the industrial educational policy regime emerged and spread fast at the start of the 20th century, the rights education period started with the emergence of civil rights movements and anti-poverty campaigns in the mid-20th century. The industrial education regime was characterized by policies, which supported vocational educational programs in the sectors of the economy. On the other hand, rights educational policies sought to address poverty and racial and socioeconomic segregation of the 19th and the 20th century. In addition, rights education movements fought for the creation and implementation of educational policies that promote human rights and equality. During the rights education regime, a rather detailed global framework was developed to promote human rights education and awareness where human rights violations were rampant. To achieve this objective, stakeholder partnership, especially by multilateral institutions was necessary.In particular,a vibrant and dispersed system of civil society activists and associations had to be created and involved in the human rights education policy development and implementation. In this partnership,the civil and human rights movements managed to achieve quite a lot. However,the institutionalization and implementation processes dragged on rather slowly and at different paces.Although reinforcement and implementation of suggestion courses of action remain relatively slow,the efforts of rights education have tremendously improved global responses to mass atrocities and other forms of human rights violations ... inforcement and implementation of suggestion courses of action remain relatively slow and inconsistent, the efforts of rights education have tremendously improved global responses to mass atrocities and other forms of human rights violations (Beitz, 2009). Rights education policies have made positive strides since its emergence in the mid 20th century. First, there has been an increase in the international community’s responsiveness to atrocities across the globe, especially in the Middle East (Beitz, 2009). Second, a lot of attention is currently directed at prevention of human rights abuse and accountability by governments. Furthermore, rights education has made citizens aware of their rights, making it rather difficult for great powers to block certain favorable courses of action at world bodies such as the United Nations Security Council (UNSC) (Beitz, 2009). Regarding industrial educational regime, a lot of positive strides have been made and success registered given its emphasis on industrial education that empowers the marginalized and the vulnerable. The regime was characterized by an approach to education that emphasized learning from an industrial perspective (Kincheloe, 1995). A core area in which industry-oriented education has been applied is in vocational education. Although in earlier time it was majorly offered to students with sub-degree education and in industrial setting training, it has been introduced and offered even for Bachelor’s and Master’s degree students since 2004. Based on one’s employment, industrial educational policies prepared learners for specific crafts or trades at different levels. One advantage of industrial educational regime policies is that they are relevant to professions such as nursing, medicine, architecture, trade,

Jacksonian era Essay Example | Topics and Well Written Essays - 750 words

Jacksonian era - Essay Example Worldwide, this time was a fairly peaceful one, taking into account various national movements and smaller wars; however, in 1848 there were mass revolutions of the lower classes in Europe. This key event had global implications which were played out over the next few decades, and vastly changed the nature of history after the Jacksonian era. What historical evidence was used by the author, Robert Remini, to write this book, and was the historical evidence accurate? The historical evidence on which this book is based is a large collection of secondary source material. Remini used a large number of texts in researching for this book – forty-three, to be precise – but it is difficult to ignore the fact that none of these appear to be primary sources. History is a field where interpretation of sources is key, and it is slightly worrying that the author would have only focused his interpretation on other interpretations rather than on any original source material. Any perso nal flaws and biases have been magnified in Remini's analysis of purely secondary sources. That said, the wide range of sources is somewhat reassuring, and without reading all forty-three books, it can only be hoped that his biases allowed him to take an accurate and fairly un-prejudiced view. How did slavery and Indian removal affect the United States during the Jacksonian era? Before Jackson's ascent to the presidency, slavery in the United States had started to come to its end. In 1822 a small group of black slaves revolted, causing the deaths and banishment of at least 72 slaves. Throughout the Jacksonian era, slave-owners â€Å"dreaded† (Remini, 59) the eventual uprising of their slaves, and an 1831 rebellion fuelled these flames. The Nat Turner Rebellion involved the murder of roughly sixty white people, but, Remini argues, had less of an influence on abolition than the example of other countries and states at the same time. The slow emancipation of the slaves caused mu ch cultural discourse, some of it constructive, some of it less so – â€Å"race riots became a regular occurrence in Jacksonian America† (61), even reaching Washington D.C. in 1835. It was feared that the abolition of slavery would shatter the Union, and indeed there was almost civil war over a slavery-related issue in the early 1830s, with threats of secession coming from several states. Ultimately the slavery issue did cause civil war, creating a stronger and more equal United States. Although the book calls it 'Indian removal', a less racist and euphemistic term would be Native American banishment or deportation. Like slavery, the banishment of Native Americans from their homes was a way in which the white leaders of society prioritized their own desires above the needs of others, to the detriment of North American society. Jackson â€Å"demanded† (46) that Native Americans concede their land to him. In 1830, a Removal Act was passed, in which Native American s were guaranteed land in the west, and transportation thereto, if they would give up their land in the east; the Cherokee tribe refused and took the matter to the Supreme Court, arguing that they were not subject to state laws. The ruling, that they were neither subject to state laws nor independent, set a dangerous precedent as Native Americans as â€Å"domestic dependents† (47). Again, like slavery, states and races were divided along fault-lines, with radicals on each side respectively supporting Native American protection or

Education and Public Policy Research Paper Example | Topics and Well Written Essays - 750 words

Education and Public Policy - Research Paper Example While the industrial educational policy regime emerged and spread fast at the start of the 20th century, the rights education period started with the emergence of civil rights movements and anti-poverty campaigns in the mid-20th century. The industrial education regime was characterized by policies, which supported vocational educational programs in the sectors of the economy. On the other hand, rights educational policies sought to address poverty and racial and socioeconomic segregation of the 19th and the 20th century. In addition, rights education movements fought for the creation and implementation of educational policies that promote human rights and equality. During the rights education regime, a rather detailed global framework was developed to promote human rights education and awareness where human rights violations were rampant. To achieve this objective, stakeholder partnership, especially by multilateral institutions was necessary.In particular,a vibrant and dispersed system of civil society activists and associations had to be created and involved in the human rights education policy development and implementation. In this partnership,the civil and human rights movements managed to achieve quite a lot. However,the institutionalization and implementation processes dragged on rather slowly and at different paces.Although reinforcement and implementation of suggestion courses of action remain relatively slow,the efforts of rights education have tremendously improved global responses to mass atrocities and other forms of human rights violations ... inforcement and implementation of suggestion courses of action remain relatively slow and inconsistent, the efforts of rights education have tremendously improved global responses to mass atrocities and other forms of human rights violations (Beitz, 2009). Rights education policies have made positive strides since its emergence in the mid 20th century. First, there has been an increase in the international community’s responsiveness to atrocities across the globe, especially in the Middle East (Beitz, 2009). Second, a lot of attention is currently directed at prevention of human rights abuse and accountability by governments. Furthermore, rights education has made citizens aware of their rights, making it rather difficult for great powers to block certain favorable courses of action at world bodies such as the United Nations Security Council (UNSC) (Beitz, 2009). Regarding industrial educational regime, a lot of positive strides have been made and success registered given its emphasis on industrial education that empowers the marginalized and the vulnerable. The regime was characterized by an approach to education that emphasized learning from an industrial perspective (Kincheloe, 1995). A core area in which industry-oriented education has been applied is in vocational education. Although in earlier time it was majorly offered to students with sub-degree education and in industrial setting training, it has been introduced and offered even for Bachelor’s and Master’s degree students since 2004. Based on one’s employment, industrial educational policies prepared learners for specific crafts or trades at different levels. One advantage of industrial educational regime policies is that they are relevant to professions such as nursing, medicine, architecture, trade,

Lessons for Auditors and Regulators from the WorldCom Fraud Essay

Lessons for Auditors and Regulators from the WorldCom Fraud - Essay Example The fraud was undertaken by representing line costs as capital, rather than expenses and inflating revenue on the financial statements. However, a team of internal auditors later on came to discover the fraudulent representation of financial statements and notified the Company’s board of directors and audit committee, who acted swiftly although the company had already become bankrupt (Albrecht, Albrecht, Albrecht & Zimbelman, 2011, 457). Lessons from WorldCom Fraud Lessons learnt from WorldCom fraud presents a broad range of issues to put into consideration such as, the importance of fraud auditors to have knowledge and an understanding of corporate systems and processes. Lessons have it that routine internal audit processes may not expose fraud, since auditors focus on providing assurance with respect to effective controls, rather than detecting irregularities as `possibilities of fraud. Fraud auditors should actively seek to identify irregularities and anomalies as indicator s of fraudulent behaviors among financial executives and general corporate staff, and use the knowledge to undertake further in-depth analysis to root out fraud. Fraud detection in corporate organisations relies on the knowledge and understanding of auditing and detection by officials of the fraud background, fraud schemes, principles, and indicators (Singleton & Singleton, 2010, p.145). WorldCom internal auditors were well conversant with the organisation’s culture and choices of recording the financial statement, which helped them immediately to recognise the $2 billion operating cost recorded as a fixed asset. This came out as a red flag unlike the normal culture of the organisation, more so when an official referred to the expenditure as prepaid capacity. Auditors’ understanding of the normal organisations culture was able to detect the omission of lease line cost in the operating expense account as a fraud (Rezaee & Riley, 2010, p.212). However, new loopholes in f inancial statements often require auditors to improve and devise new ways of detecting fraud, since past indicators may not be applicable in future fraud cases. Corporate fraud has continuously advanced with the computerisation of operations, and thus requires fraud auditors to be proactive in improving their fraud detection schemes. Corporations need to put in place mechanisms for assessing fraud as an organisation’s risk, and approach the risks using relevant internal audit methodologies. Fraud auditors should also be seen with regard to the presence of indicators of fraud, and design relevant controls and prevention methods of fraud. However, proactive fraud seeking auditing activities may be costly for organisations, though not comparable to extent of loss in case of successful fraud. Cost involved may include knowledge expansion in the area of fraud detection and more so, the use of electronic-detection tools. Internal auditors have the mandate to understand an organisat ion’s corporate culture, conditions, and choices that may have been used by fraudsters in engaging in financial statement fraud. Such an understanding would go a long way in providing accurate indicators of fraud and possible fraud in future of the organization's inconsistency with fraud risk levels that organizations face (Rezaee & Riley, 2010, p.213).  

Melbourne Airport Runway Essay Example for Free

Melbourne Airport Runway Essay Rules and regulations serve as guide the aviation industry to promote the sole standards in the provision of the services and standards for location quality which are essential for the travelers. The service that is being offered should be valued in the same way as the physical locale for operation. Runways for the air vessel, more than just a strip of land solely functioning for the launch of air vehicle, is a subject for continuous planning, development and safety maintenance to respond with the growing demand for aerial transportation. Aside from the fact that airports represent a huge investment for capital that can range to the actual building of facilities, it can also support many employments outside its function such as the industry for taxi and delivery companies. It remained tough for commercial or even private airports and for the whole Aviation System of any flight to make sure that transferring from domestic to international sections was a breeze. Most people who are using the services of airport do not have any actual idea how complex the functions are being carried out and how important the impacts of airports as a community service provider can have in a society. Moreover, airports are part of transportation systems, thus, aviation activity defines portion of the economy as it acts to be vital in distribution process especially when it serves as a link between the producers and consumers. Melbourne Airport, sometimes called Tullamarine Airport, serves the second busiest city of Australia therefore we can expect heightened standard to be sufficient for the service demand. Melbourne’s Central Business District is the home of Melbourne airport which complements with its closest neighbor Avalon since they are about 40 km. apart. Their distance makes competition not necessary. Airports are vital assets making them look forward to the goal of having direct flights instead of passing through Sydney. The Government (national and local) is pushing for maximizing profits by promoting economic actions among the airports. Across Australia, it is apparent that the objectives of these companies are partly relative with the economic activity of their region. The ways their community responds to the quality of their service largely affect the standard being applied on their planning and strategies (Winston and de Rus 2008: 75-77). Background: Initiatives for development As shown in Melbourne Airport’s Master Plan (2008), they were preparing their aviation system to respond for the anticipated growth in the following 20 years therefore, they fortified agreements and legal relationship with the State departments. They wished to expand their service coverage as they were able to secure development pace with geographic control. Available lands, equipped with expansion and commercial potentials, surround the operational territory and they were subject for acquisition. Melbourne Airport, dubbed as a city inside a city for its dynamic location, handles its vast land area which has portions highly available for commercial purposes. With the location’s accessibility from the metropolitan primary locations, their property promised a wide range of opportunity for business partners. As per Melbourne Airport (2009), they also look forward to possible expansions and strategies for its further development for their long term goals as a commercial institution servicing over 22 million passengers and travelers per year in average. The business park, occupying the area for per, are became the home of initiatives for this development. How relevant is this expansion and development plan by Melbourne Airport? This move shows a particular necessity for the airport to adapt to the changing demand in the capacity of passengers. For example, according to Orlando Business Journal (2010) with the return of US Airways to them, the volume of passengers went up 75% compared to the volume last year. The strategy and hard work of the airport’s marketing department shows positive results. Materials and Methods: Melbourne Airport’s Master Plan 2008 In accordance to Part 5, Division 1, Section 67 of Airports Act of 1996, Melbourne Airport proposed their most recent Master plan last 2008 after the 2003 version which showcase the future development and strategic direction for commercial and aircraft operations of the airport and in the same year, The Minister for Infrastructure, Transport, Regional Development and Local Government approved the proposal tackling the future capacity. Runways design seems to be one of the key considerations in making the master plan. The plan is set to work in the following decades thus, it is important to see how the runways are to be set in the future in compliance to the goal of its expansion, and development. The actual situation of the runway system, the pace of increasing volume of demand for it, and the structure framed in the plan should be analyzed to see its complementarities with the operational goal of the airport. Discussion: the Master plan for Runways and Facilities The master plan is not just a way to maximize the capability and function of the airport site in the present or to respond with the present requirement of the aviation systems, instead, it is a set of projected ideas for their long term goal of ultimate development. The Melbourne Airport currently has two runways, the North-South (16/34) and East-West (09/27), which are intersecting in directions and have taxiways and apron areas associated with each. In response to the volume of demand, apparent to their recent master plan, Melbourne Airport aimed to accommodate transportation functions faster. Runways (16/34 and 09/27) are planned to maximize runway capacity while waiting for the completion of the third runway by having taxiways for rapid exit and make 09/27 runway extended to the western side(Melbourne Airport 2008: 51-52). In totality, the plan included adding gates for passenger aircraft and apron areas, construction of a new runway with corresponding taxiways and upgrading both domestic and international terminals. The new runway is planned to be put west of the 16/34 runway in the early part to middle part of 2020’s as projected. They also project that it will not be completed and it is not yet necessary to have that added runway prior to 2020 at least, around 2017. The plan required computerized analysis of physical elements such as weather (particularly, the direction of the wind current), vessel type, length required for the runway and separations of aircraft, relative to the runway operations to end up having the closest to accurate design for its efficiency (Melbourne Airport 2008: 52-53). International Air Transport Association (IATA) has the standard that is followed by Melbourne Airport with the design of their terminal facilities. The level of Standard (LOS) ranges from ‘A’ being excellent to ‘F’ being the unacceptable quality (de Neufville 2010). Planning requires designs as designing the roads and terminals required well-defined standards and criteria to follow. In the Master Plan, Melbourne Airport (2008) specified the LOS to Level ‘C’ which indicates the standard minimum of service with acceptable comfort and service or flight delay but guaranteed a stable flow. While the terminals are based in IATA criteria, Melbourne Airport designed their roads using the Austroad’s Guide to road design which deals largely on its geometric elements and roadside considerations. Economic impact and Projected Effects The efficiency of Melbourne Airport relies on its interdependent functional elements which includes the function of facilities and the rest of the airport site. The measure of its effects can be seen in its contribution to the economic development. With the periodical study of the pace of passenger volume growth from 2007, the increase is steady among their passengers. As cited from Melbourne Airport Data, the international Passenger Transfers, as varied every 3 to 4 years, is increasing by 0. 2 million, thus it project that by 2017, the international traveler movement will be 7. 1 million. This is where the Master plan is intended for. This amount of people will contribute to the billion dollars tourism industry of Victoria which is believed to have an indirect relative to the quality of air transportation access (Sinclair Knight Merz 2008: 12-13). Aside from movement of people, air transportations are also beneficial for trades and commerce particularly with the function of importations and exportations of goods and raw materials. Melbourne Air’s goal to increase their capacity by maximizing runways complements with the purpose of trade. Airfreights’ volume is determined directly by the number of vessels capable of carrying them. Geographic elements remained to be the prime and competitive advantage of Melbourne Airport. It also has the initial advantage of established high number of locations for their services worldwide (Sinclair Knight Merz 2008: 18). Conclusion The initiative of Melbourne Airport in designing a plan to serve for its long term goals manifests a strong potential for future development in their vital service functions in which the travelers can look forward to. The runway, being the starting point of any travel defines the quality of the engineering, logistics and designing capability of the airport institution so it contributes to promoting the impression of the public. Any initiative done with careful and strategic planning should result to beneficial and continuous flow of economic elements. The trend in making sophisticated runway can be partially contributed by the evolutionary changes in sophisticated aircraft but far from that, it is important to value the projects implemented for the improvement of the runway facilities for the evolutionary changes in the way of the people in dealing with trades, commerce and tourism. List of References Winston, C. and de Rus, G. (2008). ‘Aviation Infrastructure Performance’. The Brookings Institution. [17 May 2010] Melbourne Airport. (2008). ‘Master Plan’. Melbourne Airport. [17 May 2010] Melbourne Airport. (2009). ‘Property’. Australia Pacific Airports (Melbourne) Pty Ltd. [online] available from http://www. melbourneairport. com. au/For -Business/Property/Overview. html[17 May 2010] Orlando Business Journal. (2010). ‘Melbourne Airport’s Passenger Traffic Up’. American city Business Journals, Inc. [online] available fromhttp://www. bizjournals. com/orlando/stories/2010/04/19/daily42. html [17 May 2010] de Neufville, R. (2010). ‘Defining Capacity of Airport Passenger Buildings’. [online] available from ardent. mit. edu/airports/ASP_current /Defining_Capacity04. pdf[17 May 2010] Sinclair Knight Merz. (2008). ‘the Economic Impact of Melbourne Airport’. Sinclair Knight Merz Pty. Ltd. [17 May 2

Leadership Strategy Of KFC

Leadership Strategy Of KFC KFC was first introduced by Colonel Sanders. His first franchise was in year 1952. Under new management, the first sale was for $2 Million. In 1980, there were more profit and expansion of KFC was carried out. Within 50 years, the profit went up to $ 7 Billion. In 1952, Col. Sanders started franchising his recipe door to door financed by his $105.00. Col Sanders had more than 600 franchised outlets in the US and Canada by year 1964. He sold his interest in his company for $2 million to a group of investors. In 1966, KFC went public. KFC was listed on the NYSE in 1969. Current Market Cap value on the NYSE is 7.2 Billion. A competitive marketing strategy in the international market focused on the Latin American countries is the reason why KFC can maintain a market leadership in the global fast-food industry. Key to continued growth was to find, motivate, and retain hard-working and entrepreneurial managers and franchisees around the globe .In addition to short term profits, store managers were also responsible for building local public relations, maintaining employee morale, developing customer good-will, keeping tab on the competing chains and creating a legacy of special chicken cooking recipe. KFC had a refocused international strategy to grow its company and franchise restaurant base all over the world. Their Competitive marketing strategy: was to developed three types of chicken, original recipe (pressure cooked) ,extra crispy (fried)and also tender roast (roasted) .Sweeping changes into the culture was initiated by the new management- this brings about demoralization to old KFC employees and even franchisees. Several restructurings led to layoffs throughout KFC, replacement of KFC managers with PepsiCo managers .Conflicts between KFC and PepsiCo cultures- this is manifested with PepsiCos stronger emphasis on performance rather than loyalty expressed by Col. Sanders to KFC employees over the years. According to SWOT ANALYSIS, the weaknesses of KFC are as follows.KFC finds difficulty in entering the German market (culture incompatibility) .KFC sales stagnated. There was widespread discontent among the franchisees, some of whom felt the new owners did not understand the chicken business and were not providing leadership expected from a franchisor. Company stores floundered and become underperforming the franchised operations, further convincing franchisees that the company did not know its own business. (KFC HQ acquired them to company-owned) .Overseas expansion with the rapid economic growth and trend toward two-income families that had fuelled the growth of fast-food industry in the 1950s and 1960s were appearing in the late 1960s in the other country.  [1]   Primary objective is to take advantage of the potential growth in other countries, to establish a strong position and to develop their image. Key Success Factors are ever continuing cost savings through RD, innovations and use of new technology to work efficiently. These success techniques will lower costs and increase profits in the industry. KFC uses an integrated low cost/differentiation leadership, since it can count on its brand name and original taste and recipes to be unique while at the same time compete on price using the benefits of cost savings from economies of scale. Based on the analysis, we can conclude that they should start by solving their internal issues such as management and restaurant menu before thinking about expanding. They should work on the management issues to create a good atmosphere where employees are happy to work in. I certainly do not believe that by treating employees poorly, a company can be successful. They also need to make sure that their restaurants offer a diversified menu, provide their customers with quality food, excellent service and restaurant cleanliness. KFC should always listen to their customers and try to follow the new trends on the market in order to fully satisfy their customers. Otherwise, competitors will satisfy them and will eventually outperform you as Boston did with its grilled chicken. Even though, KFC seems to have an emotional attachment to their original recipe that made their success, they definitely need to move on and develop new products that customers want in order to increase their financial performance and value. We have seen that Boston and Popeyes are stealing customers away from KFC because they understood what customers wanted and started offering healthier items. KFC should certainly do the same and enhance their menu.  [2]   On the other hand, it is time to talk about another local business success story and how can we talk about successful organizations without talking about Al-Baik. It is next to impossible that you are living in Jeddah or ever visited it without being to Al-Baik. The local fast food chain has been around since 1974. After 35 years by now, the restaurant is mainly operating in Jeddah with minimum number of branches in Makkah, Madinah, Yanbu and Taif. Arguably, Al-Baik possesses the highest market share and customer loyalty amongst its competitors especially in Jeddah; noting that when I say competitors, I mean international multibillion brands like McDonalds, KFC, Pizza Hut etc. For those of you familiar with the debate surrounding Porters Generic strategies, Al-Baik is a living proof that you could follow a strategy that combines both differentiation and cost leadership. Although there are a lot of restaurants serving fried chicken, the quality and taste of Al-Baik are certainly unique and its prices are way below the average. Al-Baik has very strong brand equity whether we are measuring it by evaluating the restaurants products or by studying its brand impact on customers. Al-Baik brand communicates strong messages of quality, fast service, trust, affordability, convenience, and social responsibility. Its management has been very smart emphasizing these values into the brand using different methods of advertisements, public relations, or even by spreading stories about the brand. The entrepreneurial story of its founder and how he struggled to raise his community awareness about eating outside the home which was strange back then and how he has been working alone in the restaurant preparing the food, serving it, and then cleaning the small shop are all meant to build some kind of connection with its customers. Also, some suspense and mystery would not hurt either; the secret chicken formula that is only known by few individuals is one of the most preferred stories amongst such food and beverages organizat ions. Whether we are talking about fast service, servicescape design, or cleanness of the restaurants environment; Al-Baik is providing exemplary services in all of that. Even more, Al-Baik is one of the few restaurants that introduced items to the menu based solely on customers suggestions. Al-Baik marketers are masters in choosing locations for their restaurants. One has never seen a branch of Al-Baik without it being packed with customers. The huge expansions they carried out in Jeddah have been built on population distribution analysis. That is why wherever you live in Jeddah now; there must be Al-Baik branch within your easy reach. Al-Baik has always been known for its socially related campaigns. They have a regular presence in Hajj seasons providing free meals to pilgrims and they are periodically campaigning for environmentally related causes like banning smoking in their restaurants or preserving the city clean image. Furthermore, their active participation in the aftermath of Jeddah floods by providing free meals to those devastated by the catastrophe is one shiny example of how organizations could be interacting with its society. Nevertheless, staying on the top is not an easy job. Al-Baik management has to deal with many issues to facilitate its growth. One of these important issues is on the mind of every fan who happen to live outside Jeddah; how much should they expand? Should they consider opening new branches in other cities at the Kingdom? What about being multinational or even global? Moreover, how Al-Baik should respond to the growing concerns raised by healthy and organic foods advocates. And most importantly, how its managers are going to maintain its competitive advantages and how are they going to nurture its sustainability strategy.  [3]   As conclusion, the best selling food in my view is KFC. People nowadays has less time to eat since they are busy working. Therefore, they would choose fast food restaurants as their choice. Thus, the managers of these restaurants need o ensure on cost leadership and make sure they can get the best way to keep the price reduced. This is a marketing strategy in a way to attract customers. More customers make the business more powerful and expand fast. (1505 WORDS)

Structure and Style in the Greater Romantic Lyric :: Essays Papers

Structure and Style in the Greater Romantic Lyric In his article "Structure and Style in the Greater Romantic Lyric," M. H. Abrams works to define what constitutes the greater Romantic lyric by turning to the philosophic undertones pervading the lyrical writings of William Wordsworth and more so of Samuel Taylor Coleridge. Abrams's first task is to define what is meant by the term "greater Romantic lyric," a form which the critic states in no unbiased way "includes some of the greatest Romantic achievements in any form" (201). This longer Romantic poetic form is typified by "a determinate speaker in a particularized, and usually a localized, outdoor setting" who carries on "a sustained colloquy, sometimes with himself or with the outer scene" (201). The structure of the greater Romantic lyric is as follows: the poem begins with the poet describing the immediate natural surroundings, which aspect triggers "memory, thought, anticipation, and feeling" and leads to a meditation whereby the observer "achieves an insight, faces up to a tr agic loss, comes to a moral decision, or resolves an emotional problem" (201). This cycle of completion is often marked by the poem returning back upon itself, a culmination back to the beginning. The key ingredient in this structure is that it is centered on the role of the human, for even though Romantic poetry is abundantly rich with descriptions of the natural world, Romantics are "humanists above all," describing the outer physical world only as it relates to man's self-reflective condition (202). This accounts for Wordsworth's fear that an all-consuming observation of the material world would "tyrannize over the mind and imagination" (202). But to fully explicate his definition of the greater Romantic lyric, Abrams turns not to Wordsworth but to Coleridge as the main focal point, for Coleridge is its chief author and innovator, having brought forth the Romantic lyric in "The Eolian Harp" in 1796, a full two years before Wordsworth's "Tintern Abbey" (204). That Coleridge gives the appellation "conversation poems" to his own lyric poems (which also include "The Nightingale" and "This Lime-tree Bower") reflects for us the Romantics' focus on the primacy of the human dimension in the natural world. They are "conversational" in the sense that the poems involve a "dramatic mode of address to an unanswering listener" (206). These poems, then, follow the aforementioned formula of the speaker viewing a natural scene, reflecting meditatively on the scene and how it relates to the self, and reaching "the free movement of thought from the present scene to recollection in tranquility, to prayer-like prediction, and back to the scene" (206).

Reasons Why Investment Trusts Trade at a Discount

Abstract The fact that investment trusts and close-end funds in general trade at a discount has elicited debates among financial scholars and practitioners, often referred to as the closed-end puzzle. Based on this, this paper explores and explains some of the reasons that investment trusts trade at a discount. It also provides an in-depth explanation of characteristics of close-ended funds and conditions that lead to the classification of the share price as either a discount or a premium. Investment trusts trading at a discount are those trading at prices that are below their net asset value. Those trading at a price higher than the net asset value are considered as being sold at a premium. Some of the main reasons that are explored in this paper include miscalculation of the net asset values of the investment trust, taxes on realized capital gains, agency costs, managerial abilities and investor sentiment. Even with the explanations that are provided in this paper, the closed-end fund prize puzzle continues to be debated upon and researched. Introduction The fact that investment trusts often trade at a discount is an aspect that has drawn interests from academics and practitioners in the field of finance. To have a better understanding of these reasons, it is ideal to provide an exhaustive definition of investment trusts. Investment trusts, which are typical to the United Kingdom, are defined by Barnhart and Rosenstein (2010) as types of investment firms that are formed with the primary aim of holding securities for other companies and the obtainment of capital from the public issue of shares trading on the stock market. They are also referred to as closed-end funds because they only offer a fixed quantity of shares that new investors can purchase from already existing shareholders (Hartzell et al., 2006). The prices of shares of investment trusts are determined by the forces of supply and demand in the share market. As a consequence, there are incidents where the price of a share may either be higher or lower than its net asset valu e. Whenever a share trades at a price that is higher than its net asset value, it is considered to be trading at a premium. On the contrary, if a share trades at a value that is lower that its net asset value, it is considered to be trading at a discount (Berk & Stanton, 2007). In this regard, this report intends to discuss reasons why they trade at a discount. Reasons for discounting Investment Trusts One main characteristic of investment trusts and closed-end funds in general is the fact that they are permanent capital ventures and thus, the shares’ supply is fixed (Chan et al., 2008). Numerous attempts that have been made by researchers and practitioners to explain the investment trust discounts, and have resulted in conflicting results, commonly referred to as the closed-end fund puzzle. Even though these funds are known to trade at discounts, it is important to note that newly opened investment trusts and closed-end funds in general, usually begin trading at a premium of approximately 10% of their net asset value. After their initial premium trading, they shift towards trading at a discount that is at average rate of 10% within the first 120 days. After which, discounts remain substantial. In case closed-end funds are closed or terminated, there is an increase in their share prices, which in turn eliminates the existent discounts (Cherkes et al., 2009). Explanations for investment trust discounts that have been made by researchers include the risk of liquidity, the past and future performance of shares on the market and the miscalculation of the fund’s net asset value. Investor sentiment is also another reason for discount trading in investment trusts (Yanran & Liyan, 2007). This section intends to provide a more in-depth discussion of these reasons. Misestimating the Net Asset Value (NAV) This reason has been pointed out by Halkos and Krintas (2006), who argue that such miscalculations of the NAV can result from a possible accumulation of capital gains illiquid assets that had not been realized. The reason why funds with high capital appreciations that have been unrealized ought to trade at a discounted share price is that potential holders of such funds will assume a potential tax liability. In a research that was carried out by Kousenidis et al. (2011) on the effect of liquidity on closed-end funds, he established that there is a possibility of illiquid assets to be traded at a discount to provide higher expected returns. In support of inaccuracy of NAV measurement as a reason for discounts in closed-end fund trading, Yanran and Liyan(2007)suggested that when closed-end funds own large amounts illiquid assets or restricted stock that are not fairly trading in the market, their NAVs can fail to provide an accurate reflection of their true value. As a consequence of t his, the shares might either trade at a lower or higher value than the NAV. Investment trust discounts are also affected by restricted stock holdings. However, given that such holdings are often quite small or at a zero value, they do not hold as valid reasons for investment trusts trading at a discount. For investment trusts, there is usually no assurance that there will always be an available market. Therefore, this lack of an assured redemption of shares makes their valuation to be discounted. In addition to this, investment trusts that hold relatively liquid securities are valued lower than their net asset values (NAVs) at the marketplace (Cherkes et al., 2009). Putting appropriate measures in place to avoid miscalculation of the trust net asset value is vital to solve this issue. Agency Costs and Managerial Ability Discounts in closed-end funds could be a reflection of poor performance in the management of the fund or an overcharge of management fees (Bradley et al., 2010). Agency costs may also vary according to the agency issues or conflicts that may occur due to different interests between agents and principals. Managerial abilities have also been listed by researchers as being among the main factors that determine whether investment trusts can trade at a premium or a discount. The theory that investment trusts can trade at a discount if the managers charge a fee was originally proposed by Boudreaux in 1973 (Berk & Stanton, 2007). He suggested that if fund managers charge investors a fee but fail to add value to their investments, then the value of the fund is likely to be less than its NAV. In a case where managers add value to the investment trust, the reason why it might trade at a discount is when investors are made to believe that the funds’ managers are not good at investing the ir funds. If investors believe that their money is being managed by people who are good at selecting viable investments, then the fund will trade at a premium. In a research carried out on the ownership of closed-end funds Cherkes et al.(2009) established that investment trusts with larger percentage of insider ownership are likely to trade at higher discounts. This is because investors of funds that are selling at higher discounts stand a chance of receiving windfall gains in case the funds undergo immediate liquidation at their net asset value. He also established that higher expense ratios lead to higher discounts of funds because management fees are considered as being deadweight losses. Thus, discounts are used to represent the capitalization of the management fees value. Management of trusts also affects their future performances in the market, which also determine whether investment trusts are to be traded at a discount or premium. Halkos and Krintas (2006) argue that in case s where investment trusts are managed in a highly professional manner and with a positive track record, investors may have the will to pay a premium for a share of the funds. This is also due to the fact that such trusts are often expected to maintain their superior performances in future. On the other hand, funds that are expected to underperform in the market are expected to be traded at higher discounts, mainly because of the scepticism that potential investors may have for the fund (Berk & Stanton, 2007). Estimation of future performance of investment trusts can be done by comparing trends in the NAV, which are estimated on a frequent basis. It can also be done by evaluating the managerial capabilities of the fund. It can be thus argued that investment trusts whose management has a good reputation tend to perform well in the market and therefore, trade at a premium. On the contrary, poorly managed trusts fail to thrive in the market and therefore, are likely to trade at a discou nt. Taxes Another reason why investment trusts trade at a discount is taxes. According to Jin(2006), full taxes on the realized capital gains of a fund are paid for by the current shareholders, even though the highest percentage of their gains was accumulated before the investors bought the shares. Based on this, it can be argued that funds whose accumulated gains are large ought to trade at a price lower than their NAVs also suggests that investment trusts that have a high appreciation of unrealized capital sell at discounts because holders of such funds assume potential tax liabilities that depend on the holding periods of the investors. Berk and Stanton (2007) posit that discounts in closed-end funds are partially caused by the fact that investors usually lose valuable opportunities to trade tax because of holding shares in closed-end funds. Some of the tax trading approaches include individual portfolio movement. On comparing British and U.S. closed-end funds, Cherkes et al.(2009) establis hed that British funds do not have the freedom of distributing capital gains as the US funds do. In addition, shareholders have no liability in case the invested capital gains tax, except if they decide to put the holdings that they have in the fund up for sale. Yet U.S. and British closed-end funds behave in a quite similar manner. Thus, it can be concluded that discounts in investment trusts and closed-end funds cannot be explained based on country-specific tax factors. Investor Sentiment Many researchers have focused on the aspect of investor sentiment as a reason for discounts in investment trust trading. This hypothesis was proposed Lee, Shleifer and Thaler in 1991 (Yanran & Liyan, 2007). According to them, premiums and discounts in closed-end funds are determined by the attitudes of opinions that investors have about them. To explain this hypothesis, two kinds of investors are identified. These are the noise investors and rational investors. Whereas the expectations of rational investors on their asset returns are rational, noise investors’ expectations are influenced by sentiment. They have the tendency of either overestimating or underestimating the expected returns on investment. Therefore, when investment trust shares are traded, noisy and rational investors make their investments based on their respective judgments. Due to the risk associated with assets and the fact that every investor is risk averse, closed-end funds ought to trade at equilibrium pri ces that reflect opinions of the noisy and rational investors, which are often discounts. A proposal was made by Halkos and Krintas (2006) that noisy investors tend to concentrate more on the closed-end fund ownership than on the ownership of the underlying assets of the funds. Pessimism by noise traders on the future of fund drives down its price to a value lower than its NAV. This causes rational investors to avoid the buying the fund’s shares because of the risks associated with trading the funds at a discount. Chan et al. (2008) also argue that the sentiment of noise traders is stochastic and, therefore, cannot be accurately predicted by rational traders. Particularly, it is impossible for rational investors to make a perfect forecast whether noise investors will either be pessimistic or optimistic at the time that they intend to sell their assets. Due to the fact that rational traders are careful about the prices with which they will resale their assets, the unpredictabl e nature of noise traders’ sentiment increases the level of risk on the assets they intend to trade (Kousenidis et al., 2011). The biggest risk associated with noise investors is that they will be pessimistic at the time when rational investors intend to sell their assets, causing a drop in prices. Since there is always a risk of an adverse sentiment shift, the possibility of trading shares at a discount is always existent (Yanran & Liyan, 2007). Conclusion This paper has provided an in-depth explanation of some of the reasons why investment trusts usually trade at a discount. Apart from this, other aspects of investment trusts have been explained. One of the main characteristics of investment trusts that has guided the establishment of reasons discussed in this paper is that it is a closed-end fund. This means that supply of shares is fixed, regardless of the market dynamics. Therefore, fluctuations of these funds that result into premiums or discounts are mainly caused by demand factors. The main reasons why investment trusts trade at discounts include the attitudes that investors have on the fund, commonly referred to as investor sentiment, agency costs and managerial abilities, taxes and miscalculation of the net asset value of the fund. However, the factor that is contented upon by most researchers in this field of finance is investor sentiment, which is a behavioural approach of understanding this concept. Some of the other reason s that have been cited in several other researchers include the institutional ownership and performance of the trust in the market. In future research, a more specific research could be carried out by focusing on a specific investment trust in the UK. References Barnhart, S.W. & Rosenstein, S., 2010. Exchange?Traded Fund Introductions and Closed?End Fund Discounts and Volume. Financial Review, 45(4), pp.973-94. Berk, J.B. & Stanton, R., 2007. Managerial Ability, Compensation, and the Closed?End Fund Discount. The Journal of Finance, 62(2), pp.529-56. Bradley, M., Brav, A., Goldstein, I. & Jiang, W., 2010. Activist arbitrage: A study of open-ending attempts of closed-end funds. Journal of Financial Economics, 95(1), pp.1-19. Chan, J.S., Jain, R. & Xia, Y., 2008. Market segmentation, liquidity spillover, and closed-end country fund discounts. Journal of Financial Markets, 11(4), pp.377-99. Cherkes, M., Sagi, J. & Stanton, R., 2009. A liquidity-based theory of closed-end funds. Review of Financial Studies, 22(1), pp.257-97. Halkos, G.E. & Krintas, T.N., 2006. Behavioural and fundamental explanations of discounts on closed end funds: an empirical analysis. Applied Financial Economics, 16(5), pp.395-404. Hartzell, J.C., Sun, L. & Titman, S., 2006 . The effect of corporate governance on investment: evidence from real estate investment trusts. Real Estate Economics, 34(3), pp.343-76. Jin, L., 2006. Capital gains tax overhang and price pressure. The Journal of Finance, 61(3), pp.1399-431. Kousenidis, D.V., Maditinos, D.I. & Sevic, Z., 2011. Premium/Discount Of Closed-End Funds As A Measure Of Investor Sentiment: Evidence From Greece. Journal of Applied Business Research, 27(4), pp.29-52. Yanran, W. & Liyan, H., 2007. Imperfect Rationality, Sentiment and Closed end fund Puzzle. Economic Research Journal, 3, pp.117-29.

Alzheimer Disease Not Just Memory Loss

Alchemist's Disease: Not Just Memory Loss Introduction Memory loss is like an old age where it is a condition which mankind has always reluctantly recognized and always – with resignation. Memory loses are sometimes trivial and meaningless and go unrecognized. However, when these losses are so great that a person does not know who or where they are the concerns are quite grave. Although It Is realize that Alchemist's disease destroys the brain memory function, many do not realize precisely how the memory is destroyed once one is aware of the process; it becomes faster to work forward to alleviate the destruction.Walkout memory there Is no knowledge to recreate or reproduce past perception, emotions, thoughts and actions that are so vital to live a full and functioning life. Memory is the key that unlocks doors that keep us functioning, not only mentally but physically. Discussion As a new era dawns upon us many people find themselves asking the question; â€Å"What is Alchemi st's Disease? † Alchemist's Disease today affects almost all people in some way. Since the amount of lives this disease affects continues to increase epidemiologists have named Alchemist's Disease, â€Å"The Disease tot the Century†. Edwardian, 2007, IPPP-362) In 1906 a German neurologist Allis Alchemies performed a neurological autopsy on a 56-year-old woman who had suffered deteriorating mental health for many years before her death. Alchemies noticed a disorientation of nerve cells in her cerebral cortex, the area of the brain responsible for controlling memory and reasoning. There were two oddities he found. The first was an accumulation of cellular debris surrounding the nerves he called this senile plaque. The second oddity were groups of nerves that were bunched and twisted he called this neurotically tangles.In the following years as more autopsies were inducted the same oddities that were found in 1906 were found in patients displaying the same symptoms. At tha t time a prestigious German psychiatrist, Emil Grapnel, proposed naming the disease In honor of Its discoverer Also Alchemies. (First 2008, #6-88) Alchemist's Disease American's Disease is a chronic brain disorder that destroys one's ability to reason, remember, imagine and learn. The disease Is also known as â€Å"senile dementia† or â€Å"pre-senile dementia†. Dementia refers to the lost tot mental health. The term â€Å"senile† meaner old. Pre-Senile† refers to those patients less than 65 years of Lesions on brain cells that take the form of senile plaques and neurotically age. Tangles cause Alchemist's Disease. Healthy brain tissue is normally arranged in an organized pattern These knots and tangles throw the brain into mass confusion taking over and destroying healthy brain tissue. This causes the brain cells to stop functioning. Recently a protein Taut NAS been discovered in these tangles and knots This protein is found in healthy brain cells, but is found in much larger quantities surrounding areas affected by this disease.Other ailments have been linked to the onset of the disease. These include head trauma, problems with the immune system, blood cancer, thyroid problems and Downs Syndrome. Stages of Alchemist's Disease There are four distinct stages of progression. The progression of Alchemist's can take from three to fourteen years. This time span is based on the time from diagnosis to death. All patients go through these stages Just at different rates. The first stage of Alchemist's the patient experiences a slowing down of many factors of behavior. They have less energy, slow to learn new things, and their reaction time decreases.Patients experience only mild forgetfulness of recent events, familiar people and places. They have a decrease in Judgment, and trust. Also, they become increasingly stubborn and restless. Many people are unaware of the presence of a disease because frequently memory loss is common in the elderly due to fatigue or a period of sickness. (Gel, 2006, Pl 393-1400) In the second stage the patient becomes increasingly forgetful and has more trouble recalling recent occurrences. They have difficulty in skills such as decision making, planning and Judgment.The patient's speech and comprehension become much slower and often loose their train of thought often. They are usually able to complete common tasks but need assistance with more complicated ones. They must be given clear and repeated instructions by caregivers. Victims start to become aware of illness and become depressed, irritable, restless, and socially withdrawn. In the third stage Alchemies patients loose all ability to recognize familiar people and places. They have trouble completing simple everyday tasks like eating, bathing, getting dressed and using the toilet.They lack interest in personal hygiene and loose all sexual instincts. They have difficulty communicating verbally. Patients are easily agitated and deny they are ill. The fourth stage of Alchemist's Disease is the stage that ultimately leads to death. Patients are unable to recognize themselves and close family members. They become bedridden; and only slight useless movements are made. The only way of communication they use is screaming out. Diagnosis of Alchemist's Disease Diagnosis of this disease is very difficult. Doctors are only 100% certain of the presence of the disease from autopsies after death.Diagnosis is based on the lodgment of physicians and their experience with Alchemist's Disease. Current accuracy of correct diagnosis is 90%. Recently they have discovered a way to test the level of Taut protein; this has helped with correct diagnosis. Sometimes mental tests are run to test the memory, learning skills, language skills, and the ability to follow instructions. (Harmon, 2005, Pl 55-187) Many people also question the heredity of the disease. It has been found that some forms of the disease are hereditary. The â€Å"Pre-Seni le† Alchemist's which usually sets on in a person around 40, 50 years of age is found to be hereditary.There are three types of genetic proteins that have been inked to Alchemies patient's pollinate E, E, and E. Those who inherit E have a higher chance of developing the disease. One scientist, Barbara Talon, has discovered the tissue found in the upper nose goes through the same changes that the cerebral cortex tissue goes through. She plans on tinning oh it t t his tissue taunt in the nose deteriorates at the same rate of that found in Alchemies patients. If so this could lead to the early diagnosis of Alchemist's. Treatment of Alchemist's Disease Currently treatment is focusing on slowing progressions and coping with symptoms.One drug, THAT, is a drug that helps to boost levels of acetylene's, a chemical that is involved in memory. Two FDA approved drugs being tested are Tactile and O'Donnell these drugs are also to help memory. Although, these drugs cause side affects, O'Do nnell is found to cause nausea, cramps and lose of appetite. Estrogen for women has been found to have a positive affect on Alchemies patients mental decline. It helps memory, language skills, and the ability to concentrate. Nicotine has also been found to slow the formation of senile plaque, improve memory, learning and concentration.Doctors do not suggest this use of treatment at all; nicotine causes lung cancer, emphysema, high blood pressure, heart attacks and strokes. Currently 4 million people in America have been diagnosed with Alchemist's Disease. It is projected with the aging â€Å"Baby Boomers† that 14 million people will be diagnosed in the upcoming years. (Sails, 2008, app-43) Drugs to Aid in the Treatment There are currently two drugs to aid in the treatment of Alchemist's disease. These drugs are only effective during the first couple years of the disease. The drugs are called Cogent and Airiest.Both of these drugs work by increasing a chemical in he brain that works with memory. They do not cure the disease, but they do produce some improvement in patients. This disease is obviously a horrible one. It can rip a family apart, and there is nothing that can be done about it. Hopefully, one day a cure will be found, but in the mean time, Alchemies ¤? ¬was disease has total control over a person who is afflicted with it. It also has control over the family of the person afflicted with it. Almost everyone in this country has some sort of tie to this disease, and this is why more research should be done in hopes of finding a cure.This asses affects 10% of those over 65 years old and 50% of those over the age of 85. One-Half of those living in nursing homes are living with Alchemist's. Seven out of 10 patients live at home; family members care for 75% of them; the other 25% of them are cared for by hired caregivers. It has also been found that 55% of caregivers show some signs of depression. Alchemist's occurs more often in women and in Afri can Americans or Hispanics. (Sloane, 2007, app-132) Alchemist's Disease – A Costly Disease Alchemist's Disease is a very costly disease; it is the third most costly disease after heart conditions and cancer.In 1998 the U. S. Government spent approximately $90 billion on medical care and $400 billion to research. This disease costs a family $174,000 a year on care giving and another $42,000 a year on nursing homes. Medicare is a retirement benefit to those over 65 years old. Medicare does cover some the costs to provide help to the patient such as nursing homes. The extent of help varies by state. When seeking help people find themselves asking, â€Å"Where should I go? † â€Å"When should I go? † When you tell that a Tamil member may nave the disease or in need of mental attention you should first see you family physician.The physician will determine if they believe the problem to be Alchemist's. You should also bring medical records and a list of all medication the patient is on because certain medications or the combinations of medications may resemble Alchemist's. In every community there are services offered to assist those people affected by Alchemist's, for patients, family and caregivers. The Illness And The Caregivers Alchemist's disease affects the person with the illness and the caregivers. It is estimated that 1-4 people are caregivers. The disease has a long duration which impacts more on the caregivers.It can cause a great deal of emotional stress to caregivers. It also has a financial impact on those who provide care for patients suffering from Alchemist's disease. It is estimated that the national costs of caring for patients with Alchemist's disease is $100 billion. It can also indirectly cause loss productivity, absenteeism and worker replacement. (Edwardian, 2007, IPPP-362) Many people with Alchemist's disease do well at home during the initial stages. However eventually there is the need for long term care facilities. Lo ng term care is defined as help from family and friends.It can also mean regular visits by home health aides. It might also mean moving the patient to an assisted or nursing home that can provide twenty four medical attentions. There are two major types of long term facilities for Alchemies disease patients. One of them is Nursing home which provides room and board with twenty four hour skilled care. A licensed nurse provides this type of care. There are special units for people with Alchemist's disease. The environments, activities, philosophy of care and staff training are based upon the needs of Alchemist's disease patients.Nursing homes usually have rained and supportive staff who have knowledge about how to adjust to the patient. They have information about each patient to individualize care and to eliminate behavioral symptoms. There are special activities which reduce anxiety and agitation. A nursing home has pleasing sights, sounds and smells. They also have a low noise leve l and non glare lighting. Some facilities also have security measures to prevent wandering. Another type of long term facility is assisted living. This type of facility is suitable for people who require personal care and general guidance but do not require any specialized medical care.They are good for people with moderate functional impairment. This type of long term care promotes self direction and participation in decisions. It also focuses on independence, privacy and dignity. It attempts to create a home based environment. It is an attractive option for patients who seek assistance and independence at the same time. (First, 2008, app-88) Conclusion In conclusion Alchemist's disease is a very serious condition that affects many people. They do not know what causes this disease or why people get it, due to the fact that there is a chance for anyone to get this disease.People must take recreation and seek the advice of healthcare professionals to be tested for this disease. This way they have a chance to go on living there lives for as long as possible. If they do not seek care then they have a lesser chance of living a longer life. Obviously, knowledge regarding Alchemist's disease has progressed far from thinking that it is Just a loss tot memory. Choosing the best type tot long term care can be difficult for caregivers. Assisted living facilities are the best option for people with early stages of the disease. Nursing home facilities are best for patients who suffer from advanced stages of the disease.This disease produces a full-blown dementia in its patients and affects millions of people and their families. These people and their families have special needs. Consequently, programs, environments, and care approaches must reflect this uniqueness. Developing an effective care/service plan for a person with dementia requires careful assessment of that person, a detailed plan, and attention to the individualized needs of persons with dementia. Alchemist's disease can cause emotional and financial stress to the patient and the caregivers. However there are many choices available which can improve the quality of life.

Privacy And Islam Essay

Islam is a religion that teaches respect, that recognizes the importance of individual rights and that preaches the honoring of freedom and equality. In the article the author attempts to examine the importance and sacredness of privacy in Islam. He also tries to locate the extent to which the right to privacy has been regulated in different Islamic countries and the methods of regulation used. Pakistan is used a case study to examine how laws pertaining to data protection have been drafted with the European market in mind. The author attempts to analyze whether the laws are in accordance with and based on Islamic principles of privacy.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The article first outlines the references to privacy in the Holy Quran. These range from verses stressing the importance of privacy in the home and of family members. The importance of chastity and modesty is stressed upon, as is the magnitude of guarding against the spreading of private information, especially, that which concerns an individual’s wrongs. The author argues that private information can be recognized as a form of property and that according to Islam individuals are completely free to do as they please in their own private spheres of life.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The author then analyses the data protection and information law in Pakistan using the country as a case study. He shows how the areas identified for regulation and control include banking, data protection, cyber crime etc. He goes on to outline the main features of the law including the fact that it applies to data processing taking place within Pakistan and also focusing on how it facilitates without regulating. The author concludes that the law has been drafted to help in the growth of the outsourcing industries in Pakistan and that the law is in keeping with the Islamic principles of the Holy Quran and Sunnah. The criticism of the law is restrained to the fact that it is applicable only to the private sector and not the public sector.

The Economics of American Farm Unrest, 1865-1900 Article - 2

The Economics of American Farm Unrest, 1865-1900 - Article Example According to the research findings, it can, therefore, be said that as for the farmers’ complaint of high-interest rates, these were logical as creditors faced a lot of risks involved in providing loans to farmers and, thus, had to be compensated via higher interest rates. However, they were right in that there was a monopolistic attitude of railroads and grain elevators whereby the real railroad rates showed an increasing trend. The real cause of the unrest, Stewart states, was the dissatisfaction of the frontier farmers due to the rising risks and uncertainties involved in US agriculture after the Civil War. Semi-arid areas of the United States were now involved in agriculture and there the farmers experienced droughts. Accustomed to plain agriculture, now the farmers faced a lot of hardship in these areas. Moreover, farm foreclosures and fluctuating crop prices agitated the frontier farmers a lot. Stewart also relates how the farm unrest caused institutional change by causi ng the federal government to engage itself in regulating the private economic sector. In the end, Stewart relays the reason for the success of the farmers with regard to cooperation in the unrest, citing membership incentives and peer pressure as the reasons thereof. James I. Stewart has earned a Ph.D. in Economics from the Northwestern University, Illinois. He has also held the post of Assistant Professor at Reed College, Oregon. Keeping this in mind, it is expected that Stewart has written this article for academic purposes. Stewart has done much research for this article and, as is documented by the references, has obtained a lot of his information from published academic works of historians and economists.

Introduction to Organisations and Management Essay - 5

Introduction to Organisations and Management - Essay Example The organization structure and design is essential in an organization as it enables managers to allocate duties and ensure proper utilization of resources. Activities in the organization can be allocated according to function, output, customers, territory, process or cross-functional teams (CliffsNotes, 2011). In a dynamic environment, an organic organization design is preferred as it allows for adjustments as opposed to a mechanistic design which is rigid and ill-equipped to respond to rapid environmental changes. Recent literature has emphasized the use of teamwork in organizations so as to remain competitive and cope with rapid changes. Modern organizations are encountered with new management trends such as; crisis management, use of outside directors, increased use of information technology and need for global management skills (Gitman & McDaniel, 2008). Watson engine components represent traditional organizations which were family owned and bureaucratic in nature. The organizati on thus faces frequent problems of staff turnover and absenteeism due to boredom, lack of morale, non involvement in decision making and lack of a chance for career development. The jobs are highly specialized and employees are not allowed to move from their work stations. Team work is not encouraged and poor communication between staff and the management and between various departments makes it hard for the company to accomplish its goals. H & M consulting on the other hand represents modern organizations which have taken advantage of globalization to establish branches all over the world hence complexity in organization and management. It has also taken advantage of teamwork to ensure success. A learning culture is encouraged to ensure team members personal development as well as organizational development. The organization through its mission and values has established an organization culture where customers and employees are given priority for organization success. Contrary to c ommon belief that large organizations tend to have a bureaucratic organization design, H & M consulting has an organic design that enables it to cope with the rapid environment in which it operates. The differences between the two organizations in terms of how they are operated and managed will be discussed in detail in the report. Organization Structure and Design The organization structure shows the organization is configured and relationship between positions and departments while organization design is concerned with changes to the organization structure (Hill & Jones, 2008). Organization structure reflects the degree of complexity, formalization and centralization. Organization design is determined by the size of organization, lifecycle, environment and technology. Smaller firms tend to have organic structure but as the firm grows, it establishes formal structures and more rules and regulations hence become mechanistic. Due to rapid environmental changes, organizations apply bo th organic and mechanistic structures so as to be flexible enough to adjust to the changes (Gitman & McDaniel, 2008). Watson is a small company and has no room for growth due to unavailability of capital but applies mechanistic structure while H & M consulting is a multinational corporation formed through mergers and acquisitions hence operates in a rapid environment thus uses organic structure. Mechanistic structu