Existentialism in Night Essay -- Essays Papers

Existentialism in Night In his exposition â€Å"Existentialism†, Jean Paul Sartre examines the principle convictions of existentialism. Maybe the most significant conviction of existentialism is that there is no human instinct, and there is no God. This implies every individual man has control of his own fate. The meaning of every individual man is an amazing aggregate and all he has achieved in his life. He is additionally liable for all the decisions and activities he makes throughout his life. These kinds of decisions and activities can be found in the book â€Å"Night† by Elie Wiesel. This book is an anecdote about a kid, Wiesel, who is taken to a death camp with his family. It tails him and his dad through their preliminaries and development from Auschwitz to Burkenau, and to Buna and how they keep on barely get away from death. Before the finish of the story, perusers perceive how Wiesel has gotten unconcerned with the detestations of the camps. From the earliest starting point to this p oint in the book, Wiesel and different characters settle on choices that Sartre would call existentialist. Wiesel himself settles on the first of these choices. At the point when Wiesel is a little youngster in Sighet, he chooses he needs to examine the Zohar, the cabbalistic books. He would go to the gathering place advertisement sob while he asked. His folks said that he ought to be in school. Wiesel said of his dad, â€Å"He needed to drive the thought off of my mind. Be that as it may, it was futile. I found an ace for myself,† (2). His dad needed him to stop with his desires to be educ...

Psychological Factors Affecting Consumer Behavior Free Essays

It has been expressed that â€Å"marketing the board settles upon some origination or other of how shoppers carry on (Foxall 2001).† I will continue to illustrate, starting with an outline of customer conduct as it identifies with the mental elements that cause one to conform to a given solicitation, through to an assessment of the different patterns in showcasing which are intelligent of purchasers changing requests as they react to world occasions and cultural advancement, why it is fundamental that advertisers comprehend and assess buyer conduct. I will likewise illustrate, using models, how different associations are utilizing explicit procedures dependent on their comprehension of buyer conduct to create record development and benefit in the commercial center. We will compose a custom paper test on Mental Factors Affecting Consumer Behavior or on the other hand any comparable theme just for you Request Now Mental Factors Affecting Consumer Behavior As one social therapist has named the â€Å"weapons of influence,† there have all the earmarks of being sure main impetuses in human instinct, or programmed mental triggers, that drive people to react in unsurprising manners to given solicitations (Cialdini 1993, p.3). One such power is the guideline of Reciprocation, whereby one feels committed to restore some help that has been given him (Cialdini 1993, p.17). This rule is most plainly prove by the consumer’s regular propensity to purchase an item from somebody after he has been broadened a consideration or favor from him. It has been exhibited that this mental rule of the strain to restore some help with some help is solid to the point, that it even outperforms the need to like the individual expanding the kindness (Cialdini 1993, p.21). One case of the standard of response at work has been prove by the uncontrollably fruitful promoting procedure of the Hare Krishna Society, an eastern strict faction known for its requesting of assets from bystanders out in the open spots (Cialdini 1993, p.22). Having been for the most part fruitless at raising assets through conventional strategies for reciting in the city while asking for gifts, the gathering conceived a splendid methodology that basically conjured the standards of response (Cialdini 1993, p.22). As an individual would cruise by, a Society part, instead of request a gift at first, would hand the clueless individual a bloom, offering it as an unconditional present from the Society and not tolerating its arrival under any conditions. At exactly that point would the Society part request a gift (Cialdini 1993, p.22). The reaction was overpowering, and a demonstration of the remarkable intensity of response. The individual, mindful that he had been given a blessing and feeling the strain to respond, was regularly constrained to react with a gift (Cialdini 1993, p.24). Another amazing mental rule in a marketer’s munititions stockpile of apparatuses is the responsibility and consistency factor (Cialdini 1993, p. 37). It has been found that individuals feel an extremely amazing drive to be predictable once they have invested in something (Cialdini 1993, p. 37). A case of this rule at play is seen through the contribution of tribute challenges by such enormous name organizations as Proctor Gamble and General Foods (Cialdini 1993, p.39). In these challenges, the organizations request that members compose short expositions, regularly for huge prizes, which incorporate commendation for the companies’ items. Typically no buy is required; what is increasingly significant is that by constraining potential clients to record, recorded as a hard copy, acclaim for the company’s item, the organization depends on the mental drive of the person to accept what he has composed (Cialdini 1993, p 40). Aside from the mental triggers that convince people to consent to given solicitations, advertisers must try to comprehend the similarly fascinating mental procedures at work in the oblivious brain that cause buyers to pick one specific game-plan, or item, over another (Zaltman 2003, p.53). One case of such an oblivious procedure can be found in the mind-boggling propensity of clients to pick an item offered for $9.99 over an indistinguishable one offered for $10.00 (Zaltman 2003, p64). Buyer Need: Practicality Or Emotionality? It has been expressed that, in opposition to prevalent thinking, individuals don't so much purchase things they don’t need, yet that the need is regularly founded more upon feelings and sentiments than it is upon concrete physical need (Danziger 2004, p.1). In spite of the fact that the total national output in the United States has generally been produced by customer spending since 1929-an entire 60 to 70 percent of it-â€Å"the way shoppers [generally] go through their cash has changed fundamentally in the course of recent years (Danziger 2004, p.3).† It is asserted that, â€Å"today, more than 40 percent of buyer spending is discretionary†¦ dependent on needs, not needs (Danziger 2004, p.4).† Changing Trends And Their Affect On The Marketplace Another significant factor in foreseeing shopper conduct includes changing patterns in the commercial center. Advertisers must be ever careful to customers’ changing necessities as society develops and new occasions cause consumers’ needs and needs to modify likewise. An away from of this is seen by the genuinely late change in menu determinations offered by cheap food chains, for example, McDonald’s and Burger King. Reacting to a worry over the rising tide of heftiness in the U.S. furthermore, around the globe and consumers’ expanding want to keep up more advantageous ways of life, such inexpensive food combinations have been adding more beneficial decisions to their menu determinations which incorporates plates of mixed greens, apple cuts rather than French fries, etc (Plunkett Research 2005). Another case of an adjustment in customer conduct was reflected in consumers’ reaction to the heartbreaking occasions of September 11, 2001. The aircraft business, confronting colossal difficulties because of consumers’ new hesitance to go via air inspired by a paranoid fear of another psychological militant assault, had to experience huge restructurings to suit the new condition forced upon them (Plunkett Research 2005). Purchasers, wishing to accommodate their feelings of dread and need to decrease consumptions with the craving to keep getting a charge out of and encountering life of course, were scanning for ways-and deals to empower them to do this. Henceforth, there started a move in the aircraft business away from extravagance to economy, as markdown carriers started setting the new standard for air travel by drawing travelers with cost, not advantages (Plunkett Research 2005). With Southwest Airlines and JetBlue standing out, these aircrafts have made progress and benefit reacting to consumers’ changed necessities, primarily by cutting upkeep, working and work costs, for example, by offering a solitary plane stage and an open-seating approach (Plunkett Research 2005). Meanwhile, obviously, as full-administration aircrafts have attempted to contend with the expanding achievement of the markdown model, a few, similar to Delta, have started building up their own minimal effort models, which figure out how to minimize expenses by employing more youthful flight teams. Another brilliant illustration of marketers’ need to comprehend and foresee customer conduct comes as the generally ongoing wonder of online conveyance and robbery or burglary of copyrighted music and video records ((Plunkett Research 2005). Compelled to adjust to this pattern following a 2002-2003 decrease in music incomes, music organizations have been looking for approaches to defend their documents â€Å"from unlawful download and distribution,† just as to exploit the web furor by discovering techniques by which to disseminate their records through legitimate methods by means of the web (Plunkett Research 2005).† Reacting to this need, iTunes Music Store, an advanced assistance gave by Apple Computer, Inc.,was propelled in 2003, and it offers music records for download over the web (Plunkett Research 2005). On an alternate front, car makers have been reacting to consumers’ rising worry over heightening gas costs, which arrived at a record-high in September 2005 of $3.01 per gallon (Plunkett Research 2005). In the wake of enduring immense misfortunes on their lines of minivans, pickups and game utility vehicles (SUVs), the â€Å"big three† U.S. producers, Ford, GM and Chrysler, are concentrating on raising eco-friendliness for these greater models (Plunkett Research 2005). Moreover, as remote vehicle organizations like Toyota, Honda, and BMW have kept on taking deals from U.S. car makers, in part because of a notoriety for delivering greater vehicles, these American makers have been reacting by planning new product offerings, for example, the gigantically fruitful Chysler 300C, with its â€Å"eye-getting flame broil and square shaped, exquisite structure (Plunkett Research 2005).† In aggregate, in the case of reacting to a consumer’s instinctual drives, which direct that the person in question will probably respond with a particular goal in mind to a given improvement, or assessing the commercial center and customer conduct dependent on world occasions and evolving needs, advertising the board does in fact lay on an origination of how buyers will act, presently and later on. Instructions to refer to Psychological Factors Affecting Consumer Behavior, Essay models

Find Free Ista Essay Samples Online

Find Free Ista Essay Samples OnlineThe question that most people would ask is if there are isb essay samples available for the students who have to write an exam based on the standard isb guidelines. Well, the answer is affirmative, there are no problems in providing the students with the guidelines which are basically presented on a computer-generated basis. In fact, there are some students who had thought that there is no use of paper in writing the isb essay and the answer to this question is positive.It is true because it is an observed fact that the students who are writing the paper need to be careful about the paper as it is to be submitted for examination in the course. In fact, one can also take help from the teachers and they can give you some tips and suggestions to help you create the perfect paper.In the past years, many students faced many difficulties in writing the paper especially during exam and today, the situation has changed for the better. This is because, in or der to write the his essay, the students have to be educated about all the steps in writing the isb essay and the only way to learn these things is to go through the isb essay samples which can be downloaded in the internet.Nowadays, there are many websites that provide you with all the step by step instructions regarding the use essay samples and one can easily find it online. All the data is provided in an easy to understand format that will help the students to write the isb essay without any difficulty.In fact, the steps are really explained in a very simple manner so that the students can be able to understand the steps without much difficulty. Moreover, the step by step instructions have been organized in such a way that they can be understood easily and this makes the students to avoid facing any kind of difficulties in writing the use essay.In fact, the structure is arranged in such away that you can easily follow the instructions and if you find it difficult to follow the s teps, then you can easily ask someone who is competent in the matter to guide you in writing the use essay. You can also look at the samples for isb essay and the step by step instructions provided by the various websites.These samples can also be downloaded from the website and it is advised that before downloading the sample, you should have the sample of the isb essay in your hand. This will help you to get the idea about the importance of the sample and you can easily change the sample in the proper manner.Even if you are new to the subject, it is recommended that you write the sample first as you will know what to write on the paper and you can write the isb essay according to the sample. All the materials and other necessary papers are provided by the teachers so that the students do not face any kind of problem when writing the isb essay.

Examine Different Sociological Views on Changes in the...

Many sociologists see childhood as socially constructed; as something created and defined by society. Many argue that what people mean by childhood, and the position that children occupy in society, is not fixed but differs between different times, places and cultures. It can be seen that by comparing the western idea of childhood today with childhood in the past and other societies. It can be determined by many sociologists that there have been many changes in society that have affected children over the last 50 years, however there are several there are several different sociological views on whether these changes have been beneficial to children or not. Functionalist sociologists have the â€Å"March of progress† view, as they believe†¦show more content†¦March of progress sociologists further argue that the family has become child centred. Children are no longer to be â€Å"seen and not heard†, as they were in Victorian times. Instead they are now the focal point of the family, consulted on many decisions as never before. Parents invest a great deal in their children emotionally as well as financially, and often have high aspirations for them to have a better life and greater opportunities than themselves have had. Furthermore many functionalist sociologists believe that it is not just the family that is child based that it is society as a whole. Marxists and Feminists dispute the â€Å"March of progress† view. They argue that society is based on a conflict between different social groups such as social classes or genders. They additionally argue that the â€Å"March of progress† view of modern childhood is based on a false and idealised image that ignores important inequalities. They criticise the â€Å"March of progress† view on two grounds; that there are inequalities among children in terms of the opportunities and risks they face, many today remain unprotected and badly cared for, another criticism is that th e inequalities between children and adults are greater than ever as children today experience greater control, oppression and dependency, not great care and protection. Furthermore, Marxists argue that not all children share the same status or experiences. For example, children of differentShow MoreRelatedSociology5053 Words   |  21 Pagesmany different ways. Parsons describes the division of labour in the traditional nuclear family in terms of an expressive role and an instrumental role. However, this traditional arrangement may have changed as families have changed, and many feminists use the term ‘dual burden’ to describe the woman’s role in the family today. Item 2B Government policies and laws include tax and benefit policies as well as legislation such as relating to divorce and marriage. Sociologists have different viewsRead MoreScly1 Past Papers7036 Words   |  29 PagesSCLY1 (Old Specification) Past Exam Questions Although June 2016 will be a new specification and exam structure much of the material you have learnt in families and households applies to the new exam. Below are examples of questions taken from the old exam papers that you should practice writing plans for as they are still relevant. However there are a few key differences: * The question you will answer will be worth 20 marks not 24 marks. * You will have 30 minutes to write a 20 mark answerRead MoreSociology Essay20437 Words   |  82 Pages1.3 Social Change and Families and Households: Demographic trends and statistical evidence Unit 1.4 Marriage, Cohabitation and Divorce Unit 1.5 Older Relatives and Children in Families Unit 1.6 Domestic Division of Labour Debate and Power Relationships Unit 1.7 Social Policy and the Future of Families and Households Module 2 Education Unit 2.1 Introduction to the Sociology of Education Unit 2.2 Developments in Education from the 19th Century to 1997 Unit 2.3 Sociological Theories ofRead More The Sociological Aspect of Obesity Essay7419 Words   |  30 PagesThe Sociological Aspect of Obesity ABSTRACT Much has been written to explain the medical aspect of obesity but little attention has been paid to understanding the sociological aspect of the epidemic. This research attempts to understand the sociological aspect of obesity by examining the socio-cultural, gender, and psycho-social effects and includes the different perceptions of the epidemic as well as what is deemed acceptable in the society we live in. In the American culture, obesity isRead MoreSoc 727-the Theory of Demographic Transition and Its Applicability to Developing Countries5499 Words   |  22 PagesISIUGO-ABANIHE DEPARTMENT OF SOCIOLOGY UNIVERSITY OF IBADAN SOC 727: DEMOGRAPHIC ASPECTS OF SOCIAL AND ECONOMIC DEVELOPMENT THURSDAY, 8 MAY, 2008. Abstract Human population over the past decades, have doubled, tripled and grown rapidly, thereby affecting every aspect of man’s existence. The paper examines the Demographic Transition Theory which is used to explain the population movement or process of transition from high birth rates[-0] and high death rates[-1] to low birth rates and lowRead MoreThe Effects of Advertising on Children33281 Words   |  134 Pages....................................................................... 14 Child development.......................................................................................................................... 14 Developmental stages of childhood ............................................................................................ 14 Media literacy and influence of advertising................................................................................ 19 Conclusions...........Read MoreGlobalization and It Effects on Cultural Integration: the Case of the Czech Republic.27217 Words   |  109 Pagesbirth to the idea of making the world a single village, thus, globalization. Globalization is the most talk-about issues in the 21st century. However, there is the difficulty of the world to come up with a single and uniform definition. This is because, so many people doubt if the happenings in the world today are as a result of globalization. Thus, due to these global differences of what this concept actually is about, globalization has grown to i nvolve aspects not only of economy, but politics and otherRead Moreeffect of parenting style on the academic development of children6694 Words   |  27 Pagesï » ¿CHAPTER ONE INTRODUCTION 1.1 Background of the study Parents according to Longman Dictionary of contemporary English imply the father or mother of a person. It also went on to disclose its view on parenting as the skill or activity of looking after your own children. Davies (2000) opined that parenting (or child rearing is the process of promoting and supporting the physical, emotional social and intellectual development of a child from infancy to adulthood. Parenting style is a psychologicalRead MoreEssay on Criminological Theories13456 Words   |  54 PagesThe circle of the reasoning never stops. Testability. To be valid and ultimately useful, a theory must be able to be subjected to scientific research. Theories may be untestable if they are tautological, propose causes that are not measurable, or are so open-ended that empirical findings can always be re-interpreted to support the theory. Theory. In simple terms, theory is an explanation of something. Theories of Criminal and Deviant Behavior. Theories in this category attempt to explain why an individualRead MoreOrganisational Theory230255 Words   |  922 Pagesdone some sterling service in bringing together the very diverse strands of work that today qualify as constituting the subject of organisational theory. Whilst their writing is accessible and engaging, their approach is scholarly and serious. It is so easy for students (and indeed others who should know better) to trivia lize this very problematic and challenging subject. This is not the case with the present book. This is a book that deserves to achieve a wide readership. Professor Stephen Ackroyd

Marketing Solutions for Advertiing Books Essay - 561 Words

There are many options for people who are writing a book or have a pamphlet that will be needed for a marketing activity. The most common solutions for an individual or business is to find a solution that is on the Internet. Various tools are available online for anyone who needs a publishing solution. The best option I have found for blurb publishing is Yumpu.com. I can use this service for publishing a blurb for an e-book or entries for a catalog. Individuals who are writing their a short story or book may not be able to get a literary agent or be able to afford basic printing costs. This means using a digital solution that is inexpensive and will be able to offer substantial advantages. Many people may not realize that the cost of†¦show more content†¦Most types of businesses will often send a newsletter via email. A link to a flip book or catalog can be included in the message as a link. This allows a user to view the file in their web browser. One interesting aspect about blurb advertising is creating a document that can easily be viewed using a laptop, tablet, iPad, or other type of mobile device. A simple book or catalog can consist of 50 pages to 80 pages. This means users will need a way to easily skim the document. A document that is created on Yumpu.com is displayed in a digital reader. The document will be optimized for viewing in the browser of a mobile device. I have found this is the best way to provide users a mobile solution. A big concern for anyone who is self publishing a book or marketing material is quality. The quality of a document will often be better using Yumpu.com than other conversion solutions. I have found that an assortment of features are also available when using their PDF conversion process. Blurb publishing is a simple way to create digital media to meet a variety of needs. Providing marketing materials to clients and customers is easy when using blurb publishing options on Yunpu.com. This means companies can offer a brochure in an electronic format or include descriptions for products in a simple brochure. I have discovered that the cost of providing printed copies of regular documents can often be time consuming. Another thing to keep in mind is the

The Tragedy Of The Holocaust - 1708 Words

The Holocaust is, by definition, a tragedy. HaShoah, the Hebrew word for the Holocaust, translates to â€Å"the catastrophe.† The very notion of humor during the Holocaust may seem incongruous, appalling, and wildly inappropriate. Tragedy is seen as serious, while comedy is typically lighthearted in nature. However, there is precedence for ‘comic relief,’ the presence of humor in tragedy with the desired effect to relieve tension. Frequently, comic relief is used so that tragedy does not overshadow us in darkness. Humor is simply an alternate, often more effective, lens through which we can approach history. Yet people still tend to draw red lines on especially tragic events, as analyzing the Shoah through the comedic lens is generally frowned upon, especially in the Jewish community. But, the taboo of ‘Holocaust humor’ is already being challenged by various holocaust jokes, Joan Rivers, Viktor Frankle’s Man’s Search for Meaning, Sarah S ilverman’s â€Å"Wowschwitz†, and Sander L. Gilman’s article, â€Å"Is Life Beautiful? Can the Shoah Be Funny? Some Thoughts on Recent and Older Films.† This norm of keeping humor out of the Holocaust should be challenged on the basis that it serves as an outlet for which to cope with tragedy, a means of solidarity and unity for the oppressed, and a vehicle for Nazi criticism. Living in a Nazi-occupied ghetto or concentration camp during the Shoah would be disturbing, traumatic, and certainly depressing. During the Shoah, however, the oppressed andShow MoreRelatedThe Tragedy Of The Holocaust945 Words   |  4 PagesSince the terrorist attack on Paris, to the natural disasters in Haiti; there have been a variety of tragic events that have occurred throughout history across the world. Perhaps one main tragedy that leaves people feeling baffled is the Holocaust. Eric Lichtblau described the Holocaust in his article, The Holocaust Just Got More Shocking, as a genocide in which Adolf Hitler’s Nazi Germany and its associates killed approximately six million Jewish people because the Nazis believed that exterminatingRead MoreThe Tragedy Of The Holocaust1599 Words   |  7 Pagesassigned Adolf Hitler as their chancellor. Once Hitler had finally reached power he set out to complete one goal, create a Greater Germany free from the Jews (â€Å"The reasons for the Holocaust,† 2009). This tragedy is known today as, â€Å"The Holocaust,† that explains the terrors of our histories past. The face of the Holocaust, master of death, and leader of Germany; Adolf Hitler the most deceitful, powerful, well spoken, and intelligent person that acted as the key to this mass murder. According to a researchRead MoreThe Tragedy Of The Holocaust922 Words   |  4 PagesFrom the terrorist attack on Paris, to the natural disasters in Haiti; there have been a variety of tragic events that have occurred throughout history across the world. Perhaps one main tragedy that leaves people feeling baffled is the Holocaust. Eric Lichtblau described the Holocaust in his article, The Holocaust Just Got More Shocking, as a genocide in which Adolf Hitler’s Nazi Germany and its associates killed around six million Jewish people because the Nazis believed that exterminating the JewishRead MoreThe Tragedy Of The Holocaust1063 Words   |  5 Pages religious family and a tough culture surrounding him, the Holocaust effected his life to the extreme but along with all his suffering and the tragedies in his life the Holocaust did not take him. He stuck by his believes and made it out alive. Born in Vilna with pride, it gave an eminent name to the Jewish people. He has four sisters, Rachel, Sonia, Doba and _. Also his mother and father, nephews and nieces. All but Rachel and he died of the Holocaust. In Vilna the Jews lived on one side of the street andRead MoreThe Tragedy Of The Holocaust1540 Words   |  7 Pagesdiverse in the cause; it is the indifference and ruthlessness that an individual portrays. This sort of behavior accommodates society and encourages people to accept and follow its routine and principles, such as the events that took place during the Holocaust. During the time period of 1933 to 1945, Adolf Hitler, an Austrian World War I veteran, decided to partake in twisted behavior. Hitler believed that in order to do his nation justice, the nation needed an ethnic cleansing. This ethnic cleansingRead MoreThe Tragedy Of The Holocaust3499 Words   |  14 Pageshowever, the holocaust seems to be the huge adversity to overcome. The holocaust has taught the s ociety many things; although the world has not exactly learned from the experiences entirely. The holocaust is a learning experience still today, so that this generation will not repeat the same drastic measures. Many people today seem to think that the holocaust never happened; in spite of this, there are those that disagree. I have had the opportunity to listen to a firsthand account of the tragedy that happenedRead MoreThe Tragedy Of The Holocaust1415 Words   |  6 PagesPrior to the holocaust, however, he exhibits none of these characteristics. He was kind, wealthy, and uncommonly resourceful, and his marriage to Anja was filled with compassion, intimacy, and love. Where now Vladek is now stubborn, irritable, and almost comically stingy with his money. His experiences in the Holocaust undoubtedly played a role in these dramatic personality changes. It wasn’t until the war started that Vladek got a little more precautious about a few things. Whenever a bad thingRead Mor eThe Tragedy Of The Holocaust Essay1118 Words   |  5 PagesWithin the era of 1933 to 1945, races struggled through times of gloom, torment and hopelessness. The Holocaust was hard on numerous people, with little survivors and still influences individuals present lives today. The majority of the anguish was brought about as a result of one man’s conviction, that had the capacity to impact a whole nation. The holocaust was a genocide that was exclusively centered around hatred found in Germany. Propaganda was one of the main causes, which conditioned the peopleRead MoreThe Tragedy Of The Holocaust1034 Words   |  5 PagesIn every moment, people make choices that impact society, continually shaping history. During the Holocaust, when the Nazi Party incarcerated millions of Jews, ordinary European citizens and their everyday decisions and shaped history through an amass of cause and effects. Their decisions were greatly influenced by their understanding of the universe of ob ligation, which sociologist Helen Fein defines as â€Å"the circle of individuals and groups ‘toward whom obligations are owed, to whom rules applyRead MoreThe Tragedy Of The Holocaust1970 Words   |  8 PagesThe Holocaust, 9/11, wars and assassinations are common events that come to mind when thinking about history. These events tend to make people think that mankind is evil and will always choose to be evil. However, when looking at the people behind the evil doings, are they really killing for a selfish reason? Mankind will always do good for their nation, no matter the cost. While most powerful leaders end up hurting many people, they either have good intentions behind the mask of people suffering

Enterprise Systems on Management Accounting †MyAssignmenthelp.com

Question: Discuss about the Enterprise Systems on Management Accounting. Answer: Introduction: According to the case, the total amount of insurance premium for 24 vehicles will be $9,600. Now as the business follows accrual accounting system and the insurance premium period is January-December for each year, thus as per the companys current financial year, the company has made a prepaid insurance for a period of 9 months starting from April-December which will be recorded in the balance sheet as prepaid insurance (Fullerton et al., 2014). The usage bills are sent on a quarterly and as the companys financial period are January-December, thus the amount for December will be shown in the financial statement of the company as outstanding bill whereas the bill amount will affect the cash flow statement after the actual payment that is on the last day of February (Renz 2016). As the company has purchased the Asset (Computer Network Server) for $12,000 on 30th June, therefore, the depreciation for the same will be applicable from July to March of the next year i.e. for the period of 9 months. The amount of depreciation which is $1,800 will be shown in the statement of Profit and loss as an expenses. Similarly in the financial statement the value of the asset will get reduced by the amount of depreciation as accumulated depreciation (Otley Emmanuel, 2013). However there will be no effect of depreciation on the cash flow statement but the amount of depreciation will get deducted from cash flow from investing activities. Statement of Comprehensive Income RosiInc Statement of Comprehensive Income Particular Amount Amount Sales $200,000.00 Closing Inventory $56,000.00 Opening Inventory $12,000.00 Change in Inventory $44,000.00 Total Income (A) $244,000.00 Expenses Purchase $178,000.00 Administrative Salary $5,000.00 Office rent and utilities $3,100.00 Commission $2,100.00 Depreciation $2,500.00 Income Tax Expenses $12,000.00 Interest Paid $800.00 Dividend Paid $5,000.00 Total Expenses (B) $208,500.00 Net Profit (A-B) $35,500.00 Interpretation of Financial Statement and Ratio Statement showing Ratio Particulars Formula 2012 2011 Profitability Ratio Net Profit $8,100.00 $7,980.00 Income $34,000.00 $29,000.00 Net Profit Margin ratio Net Profit/Sales X 100 24% 28% Liquidity Ratio Current Assets $7,457.00 $6,000.00 Current Liability $4,300.00 $3,750.00 Current Ratio CA/CL 1.73 1.60 Efficiency ratio Days Sales Outstanding ratio AS provided in Exh 5.16 76 59.8 Leveraging Ratio Degree of Operating leverage AS provided in Exh 5.16 11% 9.90% Share Holder Return Return on capital Employed AS provided in Exh 5.16 53.80% 65.70% The Net profit margin ratio indicates the profitability of the company. Increase in the net profit margin ratio signifies that the company is performing well by efficiently utilising its resources and assets. However, in the current scenario, it can be observed from the study of financial ratio analysis that the net profit margin for the year 2011 was 28% that declined to 24% in 2012 (Vakalfotis et al., 2013). This was because the amount of expense was proportionately more than the amount of profit. In 2012 the amount of increase in net profit was only 1.5% and the revenue or income of the company increased by 17% only. Whereas it was found that the expenses for the year has increased significantly by 23%. Thus due to such substantial increase in the amount of expenses for the company the net profit margin ratio has declined by 4% despite of an increase in the figure of net profit and revenue (Cooper et al., 2017). The current ratio indicates the liquidity position of the company. The better the liquidity ratio the more is the company capable to meet its liability (Ax Greve, 2017). In the current scenario the current ratio has increased from 1.60% in 2011 to 1.73% in 2012 which means that it has increased by 8.125%. This is a good sign for the company and it indicates that the company has sufficient liquidity (Messner et al., 2016). The Efficiency ratio indicated how efficiently the company is able to utilise its assets and liabilities internally to produce income. In the present situation, days sales outstanding ratio has increased. This indicates that the collection of the efficiency department of the company has declined (Tappura et al., 2015). On analysing the degree of operating leverage is concerned, it can be observed that it has increased by 11.11% that is from 9.90% in 2011 to 11% in 2012. These suggest that the companys fixed cost is higher than its variable cost (Shields, 2015). This is not at all considerable for the business and require immediate attention in order to bring down the same. As evident from the above analysis that the Return on Capital Employed has declined by 18.11%. In 2011 ROCE was 65.70% which became 53.80% in 2012. The primary reason is the decline in the net profit of the company the ROCE have also decreased drastically over the period (Figge Hahn, 2013). Interpretation of ratios When it comes to evaluating the performances of the business, ratio analysis plays an essential role in it. With the help of various ratio analysis, the profitability, liquidity, solvency and efficiency of the business can be gauged (Morales Lambert, 2013). In order to measure the performance of the business, it is very important to study the trend of those ratio over a number of years. Through such study it can be understood whether they are improving or declining over the time. For example, in order to measure the liquidity position of the business, the current ratio is used. Similarly quick ratio can be used to evaluate the solvency position. Again using the gross profit ratio, the profitability of the business can be analysed (Alawattage et al., 2017). On analysing the ratio of Ratunga Inc. for the past 4 years it can be observed that the business have shown its strengths in terms of sales, return on investment, profitability, leverage, asset utilization, wealth of the shareholders, etc (Alawattage et al., 2017 ). This can be proved by studying several ratios such as the sales ratio in 2009 was 7% which increased to 10.0% in 2012. This indicates that the sales for the business have increased compared to the previous year as a result of which there were considerable increase in profit for the business as well. As it can be observed from the gross profit ratio, which was 28.0% in 2012 that profit have increased by 9.4% in the year 2012. Also the company was able to provide fair return on its investments (Fourie et al., 2015). The return on investment for the company have also increased from 4.1% in 2009 to 5.0% in 2012. This ensures that the company have utilised its resources in appropriate area in order to earn the desired return. Similarly the company was also able to generate decent revenue by utilizing its asset due to which the Asset turnover ratio have also increased. Most importantly, the price/earnings ratio of the business have increased which signifies that there are higher potential of the company to generate higher revenue and growth in future (Jrvinen 2016). However, the key weakness of the business as it can be studied from the ratio analysis is that the return on capital employed for the business is declining over the years and as a result of which the operating profit is also showing a decent fall (Armitage et al., 2016). In addition to this the interest cover is also showing negative results over the years. More importantly from the quick ratio of the business it can be observed that the company is losing its potential to meet the short term obligation as there were significant fall in its quick ratio and it is a substantial threat to the business and requires immediate attention (Klychova et al., 2014). Reference Alawattage, C., Wickramasinghe, D., Uddin, S. (2017). Theorising management accounting practices in Less Developed Countries.The Routledge Companion to Performance Management and Control. Armitage, H. M., Webb, A., Glynn, J. (2016). The Use of Management Accounting Techniques by Small and Medium?Sized Enterprises: A Field Study of Canadian and Australian Practice.Accounting Perspectives,15(1), 31-69. Ax, C., Greve, J. (2017). Adoption of management accounting innovations: Organizational culture compatibility and perceived outcomes.Management Accounting Research,34, 59-74. Cooper, D. J., Ezzamel, M., Qu, S. Q. (2017). Popularizing a management accounting idea: The case of the balanced scorecard.Contemporary Accounting Research. Figge, F., Hahn, T. (2013). Value drivers of corporate eco-efficiency: Management accounting information for the efficient use of environmental resources.Management Accounting Research,24(4), 387-400. Fourie, M. L., Opperman, L., Scott, D., Kumar, K. (2015).Municipal finance and accounting. Van Schaik Publishers. Fullerton, R. R., Kennedy, F. A., Widener, S. K. (2014). Lean manufacturing and firm performance: The incremental contribution of lean management accounting practices.Journal of Operations Management,32(7), 414-428. Jrvinen, J. T. (2016). Role of management accounting in applying new institutional logics: A comparative case study in the non-profit sector.Accounting, Auditing Accountability Journal,29(5), 861-886. Klychova, G. S., Faskhutdinova, ?. S., Sadrieva, E. R. (2014). Budget efficiency for cost control purposes in management accounting system.Mediterranean journal of social sciences,5(24), 79. Messner, M., Becker, A., Schffer, U., Binder, C. (2016). Struggles for legitimacy and identity: the development of Germanic management accounting research.Research Gate, 1-38. Morales, J., Lambert, C. (2013). Dirty work and the construction of identity. An ethnographic study of management accounting practices.Accounting, Organizations and Society,38(3), 228-244. Otley, D., Emmanuel, K. M. C. (2013).Readings in accounting for management control. Springer. Renz, D. O. (2016).The Jossey-Bass handbook of nonprofit leadership and management. John Wiley Sons. Shields, M. D. (2015). Established management accounting knowledge.Journal of Management Accounting Research,27(1), 123-132. Tappura, S., Sievnen, M., Heikkil, J., Jussila, A., Nenonen, N. (2015). A management accounting perspective on safety.Safety science,71, 151-159. Vakalfotis, N., Ballantine, J., Wall, A. P. (2013). A literature review on the impact of Enterprise Systems on management accounting.

Thurgood Marshall Essay Research Paper After the free essay sample

Thurgood Marshall Essay, Research Paper After the Reconstruction period, African Americans had won freedom and no longer were seen as emanations of the whiteman, although, something even more evil existed, segregation. This job made life for many black people an ever-continuing battle. Black people were forced to go to separate schools, churches, hotels, and even eating houses. At the clip, white males dominated the work force and many African Americans seldom found good paying occupations. The tribunal system judged people of colour more harshly than people of white tegument, which led to unjust sentences and lynchings. A lynching is when a individual is hanged or executed without a test ; they were really common during this clip period. African Americans could merely take so much of this, they cried out against the unequal ways that white people practiced. Foundations were formed to help these people and convey justness to the society they were populating in. We will write a custom essay sample on Thurgood Marshall Essay Research Paper After the or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The NAACP ( National Association for the Advancement of Colored People ) was likely the most important of these foundations. This was the same organisation that Thurgood Marshall became the taking attorney of. Thurgood Marshall was born in the twelvemonth of 1908 in Baltimore, Maryland. He was prepped and raised by his female parent, Norma Arica Marshall, and his male parent, William Canfield Marshall. Thurgood # 8217 ; s female parent was one of the first African Americans to graduate from Colombia University and his male parent was the first black individual to function on Baltimore # 8217 ; s expansive jury in the twentieth century. Their achievements influenced immature Thurgood in the old ages yet to come. Thurgood was ever top of his game and graduating from an all black high school in Baltimore at 16 and graduating from Howard Law School in Washington D.C. foremost of his category, proved it. During his clip at Howard, Thurgood met and finally married his first married woman, Vivian Burey. After completing up jurisprudence school in 1933, Thurgood moved to New York City, where he was subsequently recruited as a staff attorney to NAACP. During his old ages spent with the NAACP, Thurgood helped develop a scheme to contend racial segregation throughout the United States. He brought many instances before legion tribunals but the instances he brought before the Supreme Court were his greatest accomplishments. Thurgood won about all of the instances he argued before the Supreme Court. Through his tribunal triumphs, he convinced the tribunals to strike down patterns in several provinces that prevented inkinesss from voting. Due to Thurgood, the Supreme Court agreed that tribunals could non implement private understandings non to sell land to black people. These were major stairss frontward in the battle to stop segregation but Thurgood? s most of import triumph came in a instance covering with racial segregation in public schools, Brown v. Board of Education of Topeka. Thurgood managed to carry the tribunal to nem con declare segregation in public schools unconstitutional under the? equal protection clause? of the Fourteenth Amendment. In add-on to the triumph of this instance, Thurgood fought to win six other Supreme Court instances during the 1950s, taking to the integration of public Parkss, swimming pools, local coach systems and athletic installations. Even after his retirement as a attorney for the NAACP, Thurgood continued to contend for the rights of racial minorities, the uneducated and the hapless. In 1965, Thurgood was nominated to the U.S. Supreme Court by President Lyndon Johnson and subsequently confirmed by the Senate to the function of an associate justness. He became the first black justness to function in the Supreme Court in the history of the U.S. With this high ranking place, Thurgood was determined to stop inequality one time and for all in the U.S. Up until his decease in 1993, Thurgood Marshall wrote more than 300 documents and essays on his personal beliefs and tribunal instances that he had dealt with. He declared that his documents should be unfastened for immediate usage by bookmans, journalists, and others. I selected Thurgood Marshall because I believe he made the most important difference in the U.S. every bit far as extinguishing unequal racial intervention, an even bigger difference than such celebrated people as Martin Luther King Jr. made. Over the class of less than a century, Thurgood shaped the U.S. to be a much more unfastened and equal state for African Americans and people of other racial minorities. He was an unbelievable individual and I enjoyed researching him every bit good as composing a study on him. To be rather honorable, I truly did non hold an as realistic apprehension on the clip epoch racial segregation occurred before I researched Thurgood Marshall. To larn how evil and barbarous white people were back so disgusted me. To understand this helped me in many ways to detect how much attempt Thurgood put into stoping this period of inequality. In a manner, I believe that if Thurgood Marshall had neer been born, racial segregation would still be today. That is why I think Thurgood? s function in history was so of import. 329

The History Of Hard Rock Cafe Tourism Essay Essay Example

The History Of Hard Rock Cafe Tourism Essay Essay Example The History Of Hard Rock Cafe Tourism Essay Essay The History Of Hard Rock Cafe Tourism Essay Essay The history of Hard Rock Cafe headquartered in Orlando, Florida began from July 14, 1971 by the visual aspect of a modest coffeehouse in London, England. Hard Rock Cafe s laminitiss are Isaac Tigrett and Peter Morton, two enterprising and music-loving Americans. And, 1982 is the clip for HR s enlargement when 2 proprietors decided to develop their ain HRC in many different topographic points. After some passages and acquisitions, HR International now belongs to the Seminole Tribe of Florida with over 171 locales in more than 52 states around the universe, including 134 coffeehouse and 15 Hotels/Casinos, unrecorded music locales, and a immense one-year Rockfest concert. Differing from other corporations, HRC s consciousness of the trade name appeared at start-up and throughout the development procedure. Hard Rock Cafe theoretical account is typical of the method of building merchandises by subject a trade name new selling tool. Hard Rock Cafe is a mixture of experience, manner, amusement factor, sharing consciousness and finally memories storage. This is the cardinal factor taking HRC s present success. With stone n axial rotation esthesia A HR birthright- demonstrated by USD million valued aggregations of memorabilia, service doctrine Love All Serve All and operations under the streamer Save The Planet, Hard Rock Cafe the nucleus of HR International amusement and leisure company- will decidedly go on to successfully spread out the Hard Rock Brand. Kuala Lumpur ( Malaysia ) and Ho Chi Minh City ( Vietnam ) are considered alien and widespread venues of HR system. In 2011, Hanoi ( Vietnam ) is one of eight locales of HRC coming into being. I. THE OPERATIONS MANAGEMENT STRATEGY OF HRC From a modest coffeehouse in London, HRC now occupies over 171 locations in 52 states. This success has been achieved by altering from a themed eating house into one take parting in what is now called the Experience Economy . Working in service industry, HRC s merchandises are services and they are intangible. OM ever plays an of import portion in service country. HRC understands this and uses OM efficaciously to acquire entree to their mark service invitees with alone experiences at each every bit good as every coffeehouse. This is found through its mission of To distribute the spirit of Rock n Roll by presenting an exceeding amusement and dining experience. We are committed to being an of import, conducive member of our community and offering the Hard Rock household a merriment, healthy, and fostering work environment while guaranting our long-run success . In service industry, scheme is fundamentally OM strategy.HRC uses Multi-Domestic scheme when utilizing its ( US ) domestic theoretical account globally, and utilizing franchising operations when it makes sense to make so. ( Half company, half franchise ) . This may includes utilizing the usage of joint ventures or subordinates. Franchises are used when it is decided that local ownership will convey a alone capableness, or local conditions suggest there will be an unusual or hard execution . In order to entree the competitory advantage ( Strategic Differentiation, Low Cost, and Response ) . Although HRC has no normal rivals, a batch of its challengers are from experience that tourers can see. HRC selectively applies 10 OM determinations, lending to singular accomplishments. This consequences in 92 % name recognistion all over the universe, seting HR in the top 10 of all eating houses. 1. Merchandise and Service Design With the doctrine Love all serve all , HRC provide invitees with experience, non repasts merely. Here, the chefs modify bill of fare from authoritative American Burger A ; chicken wings- to include higher-end points ( stuffed veau chops, lobster dress suits ) . They besides analyse and test the repasts every bit good as reappraisal the bill of fare to do certain the nutrient is good qualified and delightful plenty to function their invitees. Because HRC Easts to distinction for doing competitory advantage, the bill of fare every bit good as nutrient is normally changed. Besides, HR is adding a new accent on unrecorded music A ; redesigning its eating houses to suit the changing gustatory sensations. 2. Quality Differing from merchandise, service s quality is affected by many subjective criterions. It is non easy to put up a general degree of quality. This requires a serious attempt to acquire a success. With a concatenation of over 171 locations in 52 states, HRC has presents retained many trade names. HRC realises the importance of entire quality ; hence, each staff or each repast is strongly focused. The staff must be good qualified. They besides make research on nutrient, gustatory sensation or providers. Many studies about quality have been on a regular basis done based on the feedback or remark sheet from invitees. They aim at the most perfect quality by utilizing the scorecard of a one to seven graduated table. If the tonss are non a seven, this means a failure. They are happy to have the remarks from invitees, even the ailments by which they can better the services. That is the ground of the slogan We re traveling to harvest the benefits of the attempts that we put into it, so in t he terminal, the love you take is equal to the love you make . 3. Procedure and capacity design: Because Customer may be straight involved in procedure design and Capacity must fit demand ( service with 10 OM determinations Heizer A ; Render ) , HRC puts invitees at the bosom of operations and staffs ever try their best to fulfill invitees. Scheduling the big staff of barmans, cooks and servers, waiteresses is done based off of tracking gross revenues. The agenda can be modified for being suited with occupation character, seasonality and guestsconvenience for the intent of efficiency. Everyday, HRC serves about 100,000 repasts with appetisers, salad, sandwich, sides, Burger, entries and sweets. 4. Location choice: In service industry, location must be near clients. That is why HRC chooses the best locale at the centre of each metropolis to turn up. Location is a cardinal factor in service concern. It is the prerequisite status devising or breakage concern scheme. At HRC, location is considered one of the most indispensable OM determinations done by Oliver Munday HR s frailty President for cafe development. Before opening a new HRC, Mr. Oliver Munday travels a universe to pick up a state for HR s following coffeehouse, choose a metropolis, and happen the ideal site and so negotiates the trade. After that, he works with designers and contrivers and corsets with the undertaking through the gap and first twelvemonth s gross revenues. Normally, Mr. Oliver Munday looks at several factors with a planetary position when sing a location. Some of them are: political hazard, currency hazard, societal norms, trade name tantrum, societal costs, concern patterns. And, an extended research checklist is appl ied. They pay attending and do a tendency analysis of Demographics, Visitor Market, Transportation, Restaurants and Nightclubs ( a choice in cardinal mark market countries ) , Political Risk, Real Estate Market and Hard Rock Cafe Comparable Market Analysis. Depending on the consequence, HRC will finalize the concern theoretical account, joint-ventures, subordinates or franchise on the manner to put up a alone base. With 75 % invitees are tourers, most of HRC are located in cardinal countries holding congregated night life. The location determination is at least a 10-15 twelvemonth committedness. Besides, Break-Even Analysis is used to assist make up ones mind whether to construct the purchased land, or to reconstruct an bing installation. Currently, Munday is to a great extent looking into planetary enlargement in Europe, Latin America, and Asia. As estimated, there are 8 HRC that are coming into being in 2011, including Hanoi, Vietnam, assisting to increase the entire grosss to about 180. 5. Layout design: In service industry, layout is another of import component, lending to bettering merchandise A ; production. After turn uping, depending on world, HRC will make up ones mind the layout design. Sometimes, they purchase the land to the locale. Sometimes, they merely reconstruct on the base of rent land. HRC takes a great trade of clip for this work from exterior to interior. The lineation must be attractive while ornament is at the purpose of pulling the attending of invitees. The saloon, furniture, illuming system, sound and circulation are at the invitees comfort. Meanwhile, the working station every bit good as kitchen, nutrient country makes staff easy to run and function invitees at soonest. Furthermore, retail store together with memorabilia creates a deep feeling by a alone manner that can non be found anyplace else. All of them conveying the invitees a particular ambiance of life in RocknRoll universe. 6. Human resources and occupation design: Bing cognizant of the function of human resource which is critical in service, particularly in experience economic system, HRC is ever careful of enlisting every bit good as preparation. Applicants to HRC hold to run into the standards of visual aspect, positivity in attitude, high self-motivation and involvement in functioning and sharing experience. In add-on, they are required to be skilled at work and passionate approximately music every bit good. Bing a staff here, everybody passes Rock 101 a 2-day preparation class for basic service accomplishments and with a rock n roll spirit. Job-oriented synergistic Cadmiums covering kitchen, retail amp ; front-of-the-house service is the content of HRC s preparation programme. HRC tends to the scheme edifice a civilization leting for credence of significant diverseness and individualism , there is no favoritism at HRC. The publicity and employee policy are besides strongly focused and equal to all staffs. With value system to convey a merriment, healthy, nuturing environment into the HRC civilization , the staff is the component conveying the rock n roll psyche, doing atmosphere alive and bringing exceeding experience to the invitees. That is the ground why HRC is said to hold the competitory advantade through its human resources. Besides those determinations above, HRC besides pay attending to supply-chain, Inventory, programming and care direction. In order to hold nutrient served with freshness and high quality, HRC chooses the qualified providers and regularly work with them. At HRC, they set a agenda trusting on concern gross revenues, gross, events, seasonality, gross revenues forecast and concern tendency analysis to do certain they are ever at service. The most of import stock list direction is for memorabilia aggregations valueing over US $ 40 million with more than sixty 1000 pieces decorated at all HRC. No affair what the big figure of memorabilia, HRC efficaciously manage from a distance. They know good the name of every memorabilia, how many of them at each HRC and where to set. The care of memorabilia is done at Orlando every 5-7 old ages ; therefore, their valuable and largest RocknRoll aggregation is in good status all the clip. In add-on to OM determinations applied, HRC planetary scheme can be successful thanks to good prediction. Difficult Rock does nt restrict its usage of prediction tools to gross revenues. Depending on the application, Hard Rock makes long-range, intermediate-term or short-run gross revenues prognosiss conducted each month, by coffeehouse, and so aggregated for a central office position. The day-to-day prognosis is farther broken into hourly gross revenues. The point-of-sale system ( POS ) is at the Centre of the gross revenues calculating system. Computerized programming package is used and so they compare the existent gross revenues to calculate to cipher the discrepancies, find out the ground for bettering. A 3-year leaden moving norm is applied to cafe gross revenues, multiple arrested development is found in Hard Rock s bill of fare planningaˆÂ ¦Effective prediction helps HRC be at good service, lending to its successful Operations Management. In brief, selective application of 10 OM determinations with forecasting brings HRC with a competitory advantage, distinguishing HRC from other coffeehouse. This puts HRC steadfastly in the service industry, particularly in experience economic system which is so attractive but with a assortment of troubles and challenges every bit good. II. THE OPERATIONS MANAGEMENTS CHALLENGES AND OPPORTUNITIES FOR HARD ROCK WHEN CONSIDERING AN EXPANSION OF ITS BUSINESS INTO HANOI Continuing with the success in enlargement, HRC foremost appeared in Vietnam in 2009 by franchise done by Viet Thai International. That is HRC located in Kumho Plaza, right at the bosom of Saigon, the biggest and crowded metropolis of Vietnam. After over one twelvemonth of operation in Saigon, Vietnam HRC measure by measure gained some success with staying musical esthesia demonstrated through RocknRoll and valuable memorabilia aggregation. At the minute, there are a assortment of bars, eating houses, coffeehouse and even hotels in this metropolis ; however, HRC is still considered high spot. Of class, the topics of HRC is non monolithic, but selective. Their invitees are fundamentally hi-end, rich, sophisticated and with high musical gustatory sensation or aliens, tourers. They come to HRC non for a drink or a repast merely but for a mixture of experience, manner, amusement factor, sharing consciousness and finally memories storage.. On the manner to development, one more HRC is bei ng estimated to come into being in Hanoi capital of Vietnam. It is no uncertainty that HRC will confront many challenges. Hanoi is the Vietnam 2nd largest in population ( 6.5 million people ) with instability between urban and rural, urban and suburban. Hanoians are non so -going, and open-minded as the southern people. They live traditionally and slightly rigorous, conservative in accepting anything new or unusual. This is the obstruction to HRC with experience manner which seems still new to Vietnam. Besides, there are a batch of hotels, saloon, eating houses, amusement centres, shpping mallsaˆÂ ¦ , even modern locales invested by aliens that are regarded as rivals of HRC in experience economic system. The bound of Hanoi is at the deficiency of aiport. Until now, Noi Bai is the lone one airdrome and really far from Hanoi s centre ( 40 kilometers ) , the roads are non bad but non good synchronised yet, doing some obstructions to transit. A assortment of eating houses, saloon, cabarets are bing and working in this metropolis, which are rivals sharing the market in experience industry. The competiti on is more and more intense. About the Real Estate Market, it shows a bad fluctuation with unreasonably high monetary value. Hanoi s land is grouped into highest market in the universe, conveying the trouble in investing. Besides, the aftereffect of planetary crisis taking the lessening in hi-end people, including tourers with high affordability. Harmonizing to official staticstic, in 2010, the figure of hi-end tourers coming to VN toss off around 15-20 % . Some foreign offices temporarily near or cut down staff. The local people tend to cut the bugdet for amusement. Therefore, a luxury environment like HRC will be much damaged in measure, to some extent. However, it is evident to entree many chance for HRC when make up ones minding to spread out into Hanoi. The first chance is the demographics. The population of Hanoi is large at 6.5 million, the figure of people with high affordability are younger and younger. They will be easy at having the new characteristics like an experience. A figure of Hanoians earnestly and like to take the signifier of a infinite so epicurean and alone can be a pick to show position, their degree. Hanoi is the capital, the fix figure of aliens ling and working here is great. Many eating houses, hotels, bars, convention centersaˆÂ ¦that are good qualified to function a figure of riders. Embassies, foreign companies, NGOsaˆÂ ¦are majorly located here. And the large figure of tourers and business communities come here. And, many events, MICE activities are foremost chosen to organised here. With 75 % of HRC is tourers as statistic, Hanoi is at this advantage. Besides, the economic indexs are non excessively bad, even during the economic downswing, assuring a benefit for HRC when populating criterion is enhanced and more invitees coming to this coffeehouse. The following chance is created by the distinction scheme. Although there are a large figure of hotels, eating houses, saloon, shopping promenades or entertainmnet centres, nil is outstanding and highlighted. HRC with the alone characteristics by concatenation tradition will really pull clients. In add-on, the transit in Hanoi is more and more improved. Hanoi is the hub of northern part, the nexus of metropoliss, states in North. Except from the deficiency of synchronism in roads and a bigger airdrome with bigger capacity, the transit system is comparatively good. Noi Bai an international aiport with a history of 33 old ages and a capacity of 10 million riders per twelvemonth with many air hoses ( VNA, China Airline, Singapore Airlines, JetstaraˆÂ ¦ ) and direct flights to abroad. Hanoi besides has celebrated river right at the center of metropolis and a railroad station that is non far from the centre. These are comfortss! Hanoi besides brings HRC another chance of safety. Vietnam is considered one of 10 safe finishs. Everyone can be certain about the political hazard in our state. A stable and incorporate political government together with a high security can decidedly convey the bright prospective of concern. Hanoi with high populating criterion, a great figure of local people are able to extremely afford, holding high demands in musical gustatory sensation and quality. Here is the cradle of stone with a big figure of fans. As a consequence, HRC with RocknRoll esthesia can to the full run into their demands and front-runner. Furthermore, HRC foremost came to Vietnam by Franchised done by Viet Thai International in 2009. Viet Thai International is a successful corporation in Highlands coffeehouse concatenation. It is apparent that HRC can go on experience in making operations in coffeehouse in peculiar and in experience industry in general. HRC has been holding strong trade name and repute. In brief, with a batch of chances analysed above, it is clear that HRC makes a determination of enlargement to Hanoi is sensible. And, it is no uncertainty that HRC will go on their success if they remain faithful to system s spirit The RocknRoll esthesia so that invitees come here non for merely a repast or a drink, but a mixture of experience, manner, amusement factor, sharing consciousness and finally memories storage. This is the feeling that can non be found anyplace except HRC concatenation, until now. = gt ; Choose cardinal territory ( Hoan Kiem ) at Vincom Plaza

Operations Management Essay Example | Topics and Well Written Essays - 3000 words - 2

Operations Management - Essay Example Thus no organization can afford to be involved in non-value adding activities (Brown 2005). Non-value adding activities not only increase costs but also result in poor outputs, slow delivery and reduced flexibility to respond to the market forces. In our following discussion, we will start by understanding the various theories and latest practices in the field of Operations Management (OM). We will also try to understand the practical aspects of OM and see how these are actually implemented in the real organizational context. Since we need to analyze Aldi Stores, which is a chain of retail stores, we will look at the implications of Operations management in the field of retail management. Retail has become a very competitive field today. As retail chains were the first to enter into the globalization arena, especially international sourcing, this industry has reached a very mature level of internationalization of operations. Managing these operations to obtain the real benefits of internationalization is of critical importance for these organizations. Our aim in the pursuing sections will be to see how these concepts and theories of operations management as a whole (and in specific relation to the retail industry) can be used for obtaining operational excellence at Aldi Stores. Hence, we will first look at operations management examples that have provided competitive advantage to Aldi as well as its competitors Tesco, ASDA and J Sainsbury. This will be followed by a discussion on some OM problems being faced by these companies. A major concern of this field of management is the cost of implementation as it is highly dependent on technology. Thus, we will analyze the costs and benefits accrued from OM implementation at Aldi. After analyzing all aspects of the operations management we will look at some solutions to the problems faced by Aldi in this respect and arrive at some concrete recommendations for its

Total Quality Management - CASE STUDY Assignment

Total Quality Management - CASE STUDY - Assignment Example The aim is to find the solutions to the problems that the Company A met in the implementation of TQ to suggest alternative paths by assimilating the practiced quality management systems with others such as lean manufacturing, as introduced at MIT for producing quality care efficiently, Six Sigma including FEMA for reducing defects to near-zero along with ISO standards. Coming back to the question above, the most likely approach used for quality management systems and processing at a time when progress regarding improvement had â€Å"plateaued† was to put on hold further development until issues on the priority list were sorted out. This was also the expert review of the investigative parent company of Company A. Earlier, the company A had taken certain one-off advances which have provided leverages but setting them aside, otherwise the approach of management had been irregular and doubtful. The management applied different parameters of saying something and doing differently such as quality was given the topmost priority in discussions but the actual preference was to reach production targets irrespective of quality considerations. Processes were never completed for initiating new product leaving the scope of improvement in new product at later stages of manufacturing, which affected the cost factor leading to reduced returns. In this regard, it is important to know the stage of the new product where corrections are made as a new product at definition phase costs 1$, which if rectified at production stage costs 1000$. Being a manufacturing unit, the emphasis remains on meeting quality requirements, reliability, and process-control besides cost reduction while attending to engineering and manufacturing aspects of the products. In the given context, the Company A committed such errors more often, thus, increasing the cost of meeting quality benchmarks. The approach for q uality management systems included new tools and techniques such as Statistical Process

Hydrogen Fuel Cells The Fuel Of The Future Environmental Sciences Essay

Hydrogen Fuel Cells The Fuel Of The Future Environmental Sciences Essay Ever since the beginning of the human era, there has been an ever growing necessity for energy. Energy is the most basic aspect of human development. From lighting and communication to cooking and transport, quick and easy access to energy makes the modern way of life possible. Currently, planet earth is addicted to inefficient, polluting, and non-renewable sources of energy such as coal and oil. These energy sources allow for the unequal distribution of the benefits of energy. Some communities may receive the wealth and cheap energy that coal and oil bring, while others receive only polluted streams, acid rain, and deadly toxins. Fortunately, there is an answer to this problem: hydrogen fuel cells. Because hydrogen fuel cells are an emission-free fuel source, are more efficient than current fossil fuel sources, and have the possibility to create a diversified energy economy, more investments need to be made in this budding technology. Hydrogen is the most abundant element in the universe and has been present since the beginning of time. The earths own life-giving star, its sun, is composed almost entirely of this element (Bose and Malbrunot 22). As the smallest element in the universe, hydrogen consists as a diatomic, gaseous molecule with a single proton and a single electron. Hydrogen does not exist in its pure form on the planet, but it is present as a compound in molecules like water, glucose, natural gas, and even oil (Busby). Because it is found in such a variety of sources, hydrogen is the perfect power source for fuel cells. What exactly are hydrogen fuel cells and why will they be the fuel of the future? Hydrogen fuel cells are a mechanical device that convert the electrochemical energy found in a fuel source, like hydrogen, into electrical energy, with the only byproducts being heat and water (Hoffmann 6). In all fuel cells there are two electrodes, an anode and a cathode, with an electrolyte, a membrane capable of moving ions, in between the two (Sorenson 73). During their operation, hydrogen fuel is injected into the anode side, while oxygen, usually from the air, is pumped to the cathode. The hydrogen molecule disassociates, and the proton passes through the electrolyte to join the oxygen, while the electron from the hydrogen molecule travels in an outside circuit, producing electrical current (Brus and Hotek 22). Because of the fact that fuel cells have no moving parts, they are much more efficient than conventional internal combustion engines, which makes them a great investment for the future of the planets energy. In addition, there are multiple types of fuel cells, each with their own sets of merits and each able to be used a different way in todays energy economy. Proton exchange membrane fuel cells (PEMFCs) are the most prevalent type of fuel cell today. They deliver a high power density and a low weight to volume ratio (Sorensen 81). Because of this, and their abnormally low operating temperature of 80Â ° Celsius, PEMFCs are ideal for use in cars, buses, and other small scale portable applications. Also, the low operating temperature of PEMFCs allow for less wear and tear on the electrolyte, thereby reducing maintenance costs (Hordeski 145). Although PEMFCs have excellent performance characteristics in vehicles, they do not produce the amount of power necessary for large scale operations, like power plants. Molten carbonate fuel cells (MCFCs) are the answer to this problem. MCFCs have a higher operating temperature, around 800Â ° Celsius, which allows them to create a much higher amount of energy per unit of fuel. This also makes them difficult to use in portable applications (Kandlikar). In addition, MCFCs can reach efficiencies of up to seventy percent if cogeneration, the capturing of waste heat, is used. This is much higher than the twenty five to thirty five percent efficiencies of coal fired power plants (Brus and Hotek). Because of the large amount of energy produced in MCFCs, their excellent efficiency, and their possible cogeneration applications, they are much better suited for stationary applications, such as power plants, than are fossil fuels. Currently, the main reasons that hydrogen fuel cells are not in more widespread use is the lack of production, delivery, and storage infrastructure. Almost all of the energy infrastructure in the United States, and indeed the world, is geared toward fossil fuels (Busby). With a forward looking investment, the current fossil fuel infrastructure can easily be converted to hydrogen. The first step in creating a reliable hydrogen infrastructure is to invest in renewable hydrogen production methods. Renewable production methods include wind, solar, and hydroelectric. All of these methods produce energy, which leads to the eventual electrolyzing or splitting of water to produce both hydrogen, which is used in fuel cells, and oxygen, which can be captured as a useful byproduct (Hydrogen Energy). One of the main reasons experts such as Peter Hoffmann argue for a more widespread use of hydrogen fuel cells is because they have the possibility to become a zero emission fuel source. Hoffmann recognizes that a future hydrogen economy would consist of hydrogen being produced from clean, primary sources of energy. (8-9). Although the conversion of the existing fossil fuel based infrastructure would cost billions of dollars, citizens of the United States must evaluate whether the continued damage to the planet is worth the cost of switching to a renewable hydrogen based infr astructure. Before switching to a hydrogen based economy, one of the problems that must be solved is hydrogen storage. Hydrogen is an excellent energy storage medium, with energies in the range of 142 MJ kg-1 per unit of mass, but it has a low density (Broom 5). This produces the above mentioned storage problem, because although fossil fuels have a much lower energy content per unit of mass, 47 MJ kg-1, they are a liquid at ambient temperatures, which gives them a much higher density (Farndon). How can the high energy hydrogen be stored in such a way that it gives off the greatest amount of energy per unit of volume, rather than per unit of mass? Multiple options are available, the first of which is storing hydrogen as a compressed gas. Compressing hydrogen results in acceptable pressures, which are around 70 MPa per liter (Broom 5). Compressed hydrogen can also be transferred from dispenser to car in much the same way as gasoline. This makes it both easier and less costly to modify the current gasoline based infrastructure to accommodate hydrogen, although more money is needed to begin to facilitate the transition. The second option for hydrogen storage in the future would be as a complex solid metal hydride. These metal hydrides are transition metals, chiefly lanthanum, which soak up hydrogen like a sponge and then release it when given small amounts of energy (Sorensen). An advantage of these hydrides is that they can store hydrogen at densities higher than compressed hydrogen and gasoline, therefore providing more energy per unit of volume, which allows for smaller storage tanks on vehicles and other portable applications (Ogden). This allows for smaller cars, cell phones, and even power plants. Although the technology of complex metal hydrides is only just beginning to become available, it has great potential for a future hydrogen storage source and now only needs investments to make it become a reality. The only remaining infrastructure necessity for a future hydrogen based economy is a hydrogen delivery system that effectively moves hydrogen from its production source to its destination quickly and efficiently. Fortunately, because of the recent natural gas boom in the United States, this problem may have solved itself. Natural gas and hydrogen are similar: both are a gas at room temperature, both have similar densities, and both can be transported in vehicles and pipelines (Backus 6). Because of their similar properties, it is possible to modify the existing natural gas transportation network to transport hydrogen in place of natural gas. This would result in the quick and easy movement of hydrogen from its production source to its final destination, whether it be a fuel pump, a power plant, or even a cell phone charger (Potera). However, additional investments are needed to convert the natural gas network to hydrogen. One of the most overlooked advantages of a hydrogen based economy are the diverse uses for fuel cells. Commonly thought that their only applications would be in vehicles, fuel cells can actually be used for both small and large scale power generation as well as in vehicles. The most promising frontier is probably large scale power generation. As noted before, fuel cells produce electricity, heat, and water as byproducts (Hoffmann 6). Both forms of energy, the heat and the electricity, can be used to generate power on an industrial scale, making fuel cells far more efficient than fossil fuels (6). Also, hydrogen fuel cells have a possibility fossil fuels never had. They can be used for large scale localized power generation to power homes and neighborhoods. This reduces energy loss that takes place with power plants (153). The size and cogeneration ability of fuel cells makes them a great candidate for the future of the centralized power grid. Another application for fuel cells is in the portable electronics field. Because they produce direct current, fuel cells can be used to power virtually anything that batteries are able to power (Potera). Currently, some companies, like Jadoo Power, are marketing small scale consumer electronics that are fueled solely by hydrogen fuel cells. The fuel cells in these electronics are not only smaller than most batteries, but they also deliver more power for a longer period of time (Hoffmann 154). Because of their size and longevity, the military is beginning to take notice of the potential applications for fuel cells in the armed forces. The military is in need of smaller and lighter power sources for portable devices, and Jadoos technology ideally suits them, says Bob Unger, program manager at Kuchera Defense Systems (qtd. in Potera). Although the prospective applications for portable hydrogen fuel cells are only beginning to emerge, the industry is already in need of investments to kic k-start the development of hydrogen fuel consumer electronics. While both the portable and the stationary applications of hydrogen fuel cells are still emerging markets, the hydrogen fuel cell vehicle is not. Fuel cell vehicles (FCVs) have been under development since the 1970s, with the main goal of making them cost effective. Currently, approximately 10,000 fuel cell vehicles are on the road worldwide, with the eventual goal of increasing that number to around 500,000 by 2025 (Peter Hoffmann Responds). Advancements in technologies such as complex metal hydrides have reduced the size, cost, and weight of FCVs. It is estimated that if mass produced, hydrogen fuel cell vehicles would cost between 20,000 and 50,000 dollars, which is comparable with the cost of current vehicles (Ogden). Also, FCVs have driving ranges from 300 to 400 miles and refueling times of five minutes or less, which is also comparable with those of the current gasoline powered cars (Brown). So the question now becomes, why are there not more FCVs on the road right now? The an swer to this is the lack of infrastructure, mainly refueling stations. If more investments are made in a hydrogen based economy and its infrastructure, then the possibilities for growth are limitless. Although there are numerous advantages of a hydrogen economy, it is possibly easier to make an argument against the continued use of a fossil fuel based energy economy. Fossil fuels are a polluting, climate-warming, and non-renewable source of energy (Dawson and Spannagle 17). During their combustion, fossil fuels release greenhouse gasses like carbon dioxide, nitrogen dioxide, and sulphur dioxide. In addition to being extreme irritants for people with breathing difficulties, these compounds also cause the acidification of water, often resulting in acid rain, and the death of many organisms that survive in coral reefs (18). The emission of the above compounds also causes a severe depletion in the ozone layer, the high altitude barrier over the earth that protects its inhabitants from the harmful ultraviolet radiation of the sun (17). Because of the amount of harmful pollutants emitted into the atmosphere by fossil fuels, their use should be discontinued in favor of hydrogen fuel cell s. Although the amount of pollutants that fossil fuels emit is astounding, there are other disadvantages of their use. Climate change, which has only part of the international agenda since the 1970s, has continued to gain importance, especially in the wake of natural disasters like hurricanes Katrina, Isaac, and most recently, Sandy (Dawson and Spannagle 3). These natural disasters have also drawn attention to some of the effects of climate change, like rising sea levels and changing planetary climate patterns. There is significant evidence that supports the conclusion that humans, through the combustion of fossil fuels, are warming the atmosphere of the earth, roughly 1.4Â ° F so far. Although that number may seem insubstantial, over the next 100 years, the earths temperature is expected to rise anywhere from 5Â ° F to 14Â ° F if emissions of carbon dioxide and carbon monoxide continue at their current rates (Climate Change Basics). For that reason, investments in renewable resource s, such as hydrogen fuel cells, are needed. The final argument against fossil fuels is their non-renewability. Unlike hydrogen, fossil fuels cannot be replenished, and their reserves are currently being depleted. At present, there are an estimated 1.3 trillion barrels of oil left in the world. This is expected to last for no more than forty years. (Dawson and Spannagle 7). Fossil fuels are merely a short fix to the long term energy problem facing the planet. As John and ÇiÄÅ ¸dem Sheffield so eloquently put it, a coherent energy strategy is required, addressing both energy supply and demand, taking account of the whole energy life cycle (1). Fossil fuels are not the solution that the planet needs for its energy crisis. In addition to the numerous disadvantages of fossil fuels, there are many advantages to a completely hydrogen based economy. The first of these is complete energy security and independence. Because hydrogen can be produced from such a wide variety of sources, there is no possibility that one single country, like Saudi Arabia, would control a monopoly on its production (Hoffmann 8). Any country where the sun shines, the wind blows, and there is water can produce enough hydrogen to satisfy its energy needs. If the United States completely switched to a hydrogen fuel based economy, there would be no need to import oil, coal, or natural gas from other countries (Sheffield and Sheffield 7). However, before that transition can come about, more investments are needed in hydrogen fuel cells. Yet another major advantage of hydrogen fuel cells as a future energy source is the lack of emissions. As mentioned previously, hydrogen fuel cells produce only water as their emissions, which is not a greenhouse gas (Benefits). Because of this, water would have no effect on the climate. This is possibly the greatest advantage of hydrogen fuel cells. A fuel cell running on hydrogen emits little to no pollutants over the course of the chemical process (Benefits). Based on data gathered by the United States department of energy, a stationary fuel cell power plant emits less than half an ounce of pollution per 1,000 Kw/h of produced electricity, while fossil fuels create around twenty five pounds of greenhouse gasses and pollutants for the equivalent quantity of produced electricity (Sperling and Cameron 27). Emissions of pollutants from fuel cells are so small that some places in the United States have allowed fuel cells to be exempt from air quality controls (Benefits). Because of the ir low emissions, hydrogen fuel cells should be used in place of fossil fuels in a future energy economy. The final main advantage of hydrogen fuel cells is their excellent efficiency when compared with fossil fuels. Because fuel cells create energy using an electrochemical process and do not combust fuel, they are essentially have greater efficiencies than combustion engines (Brus and Hotek 23). Fuel cell systems today achieve forty to fifty percent fuel to electricity efficiency using only the electricity produced from the electrochemical reaction as power. If cogeneration is used, a fuel cells efficiency can be dramatically increased to between eighty five and ninety percent. Cogeneration can even help reduce a buildings heating costs in the winter by around thirty percent (Benefits). Even fuel cell vehicles are between two and three times more efficient than regular fossil fuel vehicles (Hoffmann 37). Because of their incredible efficiencies when compared with fossil fuel combustion sources, hydrogen fuel cells deserve the money and subsidies that governments currently give to fossil fuel companies. Although hydrogen fuel cells have large amounts of advantages, there is one main disadvantage: cost. The current price for 1kg of hydrogen, the energy equivalent of one gallon of gasoline, is around twelve dollars (Hydrogen Energy). Most citizens of the United States are used to paying three to four dollars for a gallon of gas, which is much less expensive than hydrogen. However, the price of gas fails to take into account the environmental damage associated with fossil fuels. If factored into the price, one gallon of gasoline costs between ten and eleven dollars (Hoffmann 64). Although the initial price of hydrogen may seem high when compared with gasoline, when the environmental damage is taken into account, hydrogen is actually less expensive than gasoline. Since hydrogen fuel cells emit no harmful pollutants, have efficiencies greater than current fossil fuel sources, and can create a diversified energy economy, they need more investments. Planet earth is facing an energy crisis. The human race must grow, develop, and move past old and inefficient ways of generating energy and into a future where clean and efficient hydrogen fuel cells generate energy for eons to come. If this transition into a hydrogen economy can be made, then the human race has utilized an energy source that can power the earth for thousands more years. If not, then the human race may face a bleak future without one of the main essentials for human existence: energy.

What Drives Someone to Complete the Devastating Acts of Terrorism? Essa

Since the darkest day, September 11, 2001, the citizens of The United States of America are on alert and are weary of acts of terrorism. One can turn on the television and can easily find an act of terrorism. Most recent acts are the Boston bombings or the bombings in Volgograd, and most recently the two bombings in Sochi. What drives someone to complete the devastating acts of terrorism? How can on predict, based off of antisocial behaviors, who is more likely to become a terrorist? Regardless of ethnicity, nationality, or racial background, experts agree terrorists share one common link: their childhood. One tends to be more susceptible to becoming a terrorist because of a traumatic event in their childhood to cause antisocial behavior. In fact one traumatic event, whether real or imagined, during childhood increases the likelihood of a person exhibiting anti-social behavior. Terrorist typically have a path they follow which leads them to a life of violence and antisocial behavior. According to a New York Times’ article on the terrorist mind, terrorist have â€Å"extremist beliefs, which begins early in life; a strong sense of victimization and alienation† (Kershaw). Sarah Kershaw believes, a terrorist fears becoming alienated from society; therefore to prevent this alienation, they draw attention to themselves through acts of terrorism. However, a major trigger that pushes a person beyond the breaking point of a â€Å"normal† person to a terrorist is their own individual past. One can define a â€Å"normal† person as one who goes with the flow of society and does not act out in violence to voice their opinion. Rex Hudson also believes, â€Å"Terrorists are generally people who feel alienated† The event in the person’s past could range from a num... ...ons." American Psychological Association. N.p., Nov. 2009. Web. 20 Dec. 2013. DeAngelis, Tori. "Understanding Terrorism." American Psychological Association. N.p., Nov. 2009. Web. 19 Dec. 2013. Hudson, Rex A. The Sociology and Psychology of Terrorism: Who Becomes a Terrorist and Why? Washington, D.C.: The Library of Congress, Sept. 1999. PDF. Kershaw, Sarah. "The Terrorist Mind: An Update." Nytimes.com. The New York Times, 9 Jan. 2010. Web. 18 Dec. 2013. "Narcissistic." Dictionary.com. Random House, 2013. Web. 09 Jan. 2014. "Osama Bin Laden Fast Facts." CNN.com. Cable News Network, 24 Dec. 2013. Web. 09 Jan. 2014. Rosenberg, Jennifer. "Adolf Hitler." 20th Century HIstory. About.com, n.d. Web. 09 Jan. 2014. Speaking of Psychology: Getting into a Terrorist's Mind. American Psychological Association, n.d. American Psychological Association. Web. 28 Dec. 2013.

Existential Therapy: Death, Freedom & Self-Awareness

Existential Therapy: Death, Freedom & Self-Awareness Some people rely on others to validate who they are, and to give them meaning. However, they must realize that they are alone in this world and they must find meaning from within themselves and not from others. Nevertheless, for many people being alone causes anxiety in which people feel that their life has no meaning. A person can become aware of who they are but not accept who they are while being alone. Existential therapy helps people to look within and find a way to cope with their emotional experiences they have encountered in order to recover from them.When individuals learn to love themselves and be content with themselves, they will then know how to love others. Existential therapy is different from other theories. It is therapy to help people understand that they are the authors of their own life and that they are free to choose how they respond to it. The important factors of existential therapy are getting the client to find personal meaning and truths. Taking responsibility for any decisions, he/she makes. Being able to live in the present and not the past: getting the client to experience life by living in the moment.Tolerating anxiety, as a part of life, this will reoccur throughout life. Finally, to help clients understand and accept death and a greater gain of self-awareness. Death and Meaning The only absolutes are life and death. Many people give death too much power by fearing it, instead of embracing it. â€Å"Death is often one of the most powerful forces which keeps us from truly living† (Hoffman, 2004). When a person sincerely accepts death, they realize that their purpose in life is to do something meaningful by helping others.By dealing with death through the loss of loved ones and friends, I have learned to appreciate life and use my time here on earth wisely. As a little child, I was always afraid to die, due to my parents dying at a young age. I just knew I would die early too. Eventually after witnessing so many deaths year after year, I could no longer be afraid. The anxiety was so strong at one point I would have nightmares. , However, after losing my husband I grew to be content with death and love life much harder.Not to just love life but to live for each moment, not looking in the past but looking towards the future, what can I do now to help humanity. If we question ourselves on what we would do if death would come on a certain day, it would sincerely change people’s attitude about dying and change them in a way to live more freely. Moreover, in order to accept death one must find meaning. Meaning asks questions like, who are we, what will we become, and what is our purpose for being here? Unfortunately, it took death and pain to help me realize what my purpose in life was which is helping people.Helping people to cope with their issues gives me more reason to live. Freedom and Responsibility Individuals are free to choose to do good or bad, right or wrong. Being free means that people are accountable for their own actions and that they have to live with the decisions they make. When we choose to act in a certain way, we should not blame others for the way we act. People have full control over their emotions so we need to take full responsibility for our own actions, how we live our lives, and not make excuses for what we did not do. However, with freedom there is much responsibility.When clients do not want to accept responsibility a counselor will then encourage the client to reflect on his or her life and find meaning and/or their purpose of living. Since we are free, we cannot blame others for our problems. As stated in the eighth edition of the Theory and Practice of Counseling and Psychotherapy (Corey, 2009), while people claim they desire freedom, the existential belief declares that most will try to escape this freedom. People do this in order to avoid responsibility of making choices, (p. p. 140-141). Peo ple have to live for themselves and make their own decisions and to take charge of their lives.If a person commits a crime than that person cannot blame their upbringing or society for being the reasons of committing the crime, they themselves committed the crime so they will suffer the consequences for their actions. Self-Awareness Self-awareness is a person’s ability to know who they are fully. The more we know ourselves the more we grow. The more we grow the more freedom we have to choose and make good choices. When we are fully aware we can accept that no matter what we have been through in life, those circumstance do not define who we are.Dealing with pain and suffering for many years I have let go of what I experienced (holding on does not help with counseling), however learning to handle situations helped me to react differently and live free from any anxieties. It is up to people to want to progress from their old way of thinking and adapt to a new ones (this is how w e make better choices), we cannot get better even with therapy if we do not find a way to do so. Strengths and Weaknesses Existential therapy focuses on the concepts of death, meaning, and purpose, which are all critical issues that play an important part of human existence.Counselors seek to help not train the clients to do better, client’s progress on their own terms. Clients learn to cope with being alone and not seek support from others around them. It teaches clients to understand anxiety because it will always be a part of our lives but knowing how to deal with it helps make us better people. Counselors are open-mind to different issues and can handle all types of attitudes, beliefs, and experiences. Weaknesses to this type of therapy: Melton (2010) states that, â€Å"a major criticism that this approach lacks a systematic statement of the principles and practices of psychotherapy.

Disturbances that took place US Subprime Housing sector - Free Essay Example

Sample details Pages: 6 Words: 1683 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? The disturbances in the US subprime housing sector graduated into a full blown economic downturn by the end of the year 2007, remaining underestimated for most of the year 2008, aggravated by current account deficits in the United States and Kingdom. The crisis was financed by excess flow of savings from developing economies and oil exporting countries and led to lax monetary policies and banking regulations, as well as misperception of risk, and loose financial regulations. Don’t waste time! Our writers will create an original "Disturbances that took place US Subprime Housing sector" essay for you Create order Investors became aware of the downturn only after the collapse of Lehman Brothers in September 2008. By then, liquidity had dried up. To counter the crisis, governments in developed and emerging economies responded by injecting credit into their financial sector, nationalizing banks, and cutting down interest rates. Despite critical implications, Asian countries remained well placed than others China and India being the pioneers. Nevertheless, 2010 has been a year filled with uncertainties for the world economy. Primarily affected have been exports and equity markets, currency and credit markets, among others. Causes Subprime Lending As a result of the dot-com bubble burst and the consequent recession in 2001, the Federal Reserve Board (Fed) took a decision to cut down short-term interest rates from 6.5% in 2000, to well below 2% in 2003, an incentive for investors across the globe to park their investments on financial instruments offering substantial returns. Subprime lending is referred to the availability of loans to people who may have difficulty in repaying the borrowed money. Bundling prime and subprime mortgages backed with assets (sellable property) making probable interest rates look attractive. Subprime lending led to a rise in home ownership in the US from 64% in 1994 to 69.2% in 2004. According to the National Home Price Index by SP/Case-Shiller, between 1997 and 2006, housing prices in the US rose by 124%. Homeowners started refinancing their properties and obtained second mortgages against the additional value of the property to use it for consumer spending beyond their means. Wall Street firms purchased mortgages, bundled and sold them off to investors as Mortgage-Backed Securities (MBS) which offered much higher returns than safer assets. With real estate prices soaring, foreign capital flowed from countries with current account surplus, namely, the fast growing Asian economies and the oil exporting nations. However, during 2006 and 2007, interest rates began to rise while housing prices started to drop, making refinancing difficult. As a result, defaults and foreclosures increased drastically when the easy initial terms expired and housing prices failed to rise as anticipated. Consequently, the US household debt as a percentage of income touched 130% in 2007, a 30% jump from the earlier rates. As corrective measures, between 2004 and 2006, the interest rate was raised from the existing 1% to 5.25%., however, the housing prices did not rise as anticipated. On the contrary, it started falling rapidly around 2006-2007. The institutions that invested in MBS encountered heavy losses. The result was housing and credit market bubble. Lessons Learned Financial institutions and investors should research and base financial strength apart from a high credit rating, while regulators should stop dependence upon the monopoly of a few credit agencies. Instead of excessive risks, institutional investors should focus on portfolio diversification for the long term, since short speculative runs would only prove futile. Portfolio investment should spread across all important sectors, and reach across to developed and emerging international markets. The collapse of Lehman Brothers alongside that of the US mortgage securities market causing the erosion of consumer trust and loss of liquidity is a proof of how making all investments into the same company, industry, sector or country could be catastrophic for a financial institution. Opportunities In spite of regional integration in terms of trade investment, Asia-Pacific has limited capital flow due to a lack of information, differing rules and regulations, undeveloped financial infrastructure and a lack of relevant financial instruments. According to Asia-Pacific market report for October 2009 by Credit Lyonnais Securities Asia (CLSA), Asia is at the foothold of demographically driven growth for domestic investment. The Alpha Advisory report in 2009 states emerging markets accounted for over 85% of the global population, 75% of landmass, 70% of foreign reserves, 50% of global GDPÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ and a mere 10% of the global equity market capitalization. Survey data from the years 2009 and 2010 on Asia reveal greater preference for equities. The private equity investment levels in Asia, in the year 2009 were the same as in the years 2005-2006 because the Asian market remains underexposed to private equity investments. By 2020, China has been projected to be the largest economy of the world, while India is expected to become larger than Japan, taking the third place after China and the US. Therefore, China and India hold greater investment opportunities for Asian investors, followed by Korea and Taiwan. Policy changes broadening information exchange, harmonizing institutional settings, improving financial infrastructure and information and developing products would further increase cross border portfolio flows. China China, the leading Foreign Direct Investment (FDI) recipient of the world remains an attractive destination for foreign investments. The Qualified Foreign Institutional Investors (QFII) in 2007 allows investors qualified by the State Administration of Foreign Exchange to invest in the Chinese stock market. In the first half of 2009, China accounted for one-third (US$7.3 BN) of the total amount of PE investment in Asia. In terms of the total number of equity investments made in 2009, the largest share went to the manufacturing industry (19%) followed by IT, Internet, energy, and healthcare. However, in terms of the total value of investment made, the financial sector received US$18.4 BN, followed by energy, manufacturing, and food and beverages, all of which are valuable long term opportunities for institutional investors. Additionally, the Chinese distressed debt market for the Asian investors in the form diversifying their portfolio, and receiving attractive returns at the same time. For example, Shoreline China Value I, L.P. a China-focused distressed asset investment firm managed by Shoreline Capital, witnessed oversubscription in 2008. India In India, institutional investor interests focus on key sectors like pharmaceuticals and healthcare, banking and finance, mining, Fast Moving Consumer Goods (FMCG), and Information Technology (IT)/Information Technology Enabled Services (ITeS). On the other hand, PE firms struck deals in cement, infrastructure, education, and real estate sectors, among others. According to India PE Report 2010 from Bain Company, a global consultancy, PE and venture capital (VC) investments are projected to reach US$17 BN by the year 2010. Other Asian Countries Other Asian countries like Indonesia, the Philippines, and Japan have also recorded increased flow of FII between 140-220% in 2010. On the other hand, South Korea and Taiwan have recorded lower inflows than other countries ranging between 28 50%. Commodities Asian financial investors, similar to those worldwide, are worried about the higher rates of inflation and are therefore keen on mitigating the risk through increased aggressive investment in commodities. State-owned companies in China like Chinalco, and Minmetals, in collaboration with state banks such as the China Development Bank, have invested in numerous natural resources deals in Africa, Australia, and Russia. Simultaneously, the Chinese government is using its foreign reserves to build crude oil reserves and building stocks of precious metals like gold, copper, and iron ore. Recommendations Regulations The financial instruments which make the market more efficient also introduced embedded or hidden leverage into balance sheets which complicate counterparties and transmit, rather than mitigate risk. To ensure mortgage underwriting and regulatory standards remain high, sponsors should continue their economic stakes with exposure to loss to ensure their vigilance and alignment with all parties. Transparency To safeguard future economic crises, institutional investors need to operate under a carefully regulated, transparent and capitalized environment. Rates of transparency, varying widely, from relatively higher levels in Hong Kong, to a more restrictive and opaque market in China, pose the biggest challenge to the institutional investors, and should be carefully assessed for risk. Diversify Outside The Dollar A single solution to both these objectives would be the movement towards a single Asian currency. It would be a safe investment alternative for Asian investors to enhance trade, and rule out exchange rate uncertainties, boost investment and monetary bonding within the region and grant more clout in the international market, and also limit the impact of cross-country effects. Otherwise, the Chinese Yuan or Renminbi is an alternative investment. The Asian Development Bank priced their first international bond denominated in Renminbi on October 19, 2010, which carries a ten-year bullet maturity with a critical long-term pricing reference for other borrowers. Gold Gold should always be included in an optimally diversified portfolio. Gold would never lose its intrinsic value, serving as a hedge against inflation. Investments in gold in 2009 surpassed the corresponding demand of the entire year of 2008. Large institutional investors, such as hedge and pension funds are allocating investment on gold and gold shares. Construction Construction and healthcare sector provide new avenues of long term investment for institutional investors. The construction sector provides critical infrastructure and requires occupation of unskilled work force, cheap labour without training requirements. This would forth employment and revenue for the economy, a multiplier effect on the economy and ultimately responsible for the Gross Domestic Product (GDP). Although healthcare investment has been in demand worldwide, investment in the healthcare sector necessitates a multifaceted approach in understanding the underlying trends that institutional investors should follow before making investments. The aging population and baby boomers; longer lifespan with chronic diseases; obesity and diabetes epidemics; the global reach of diseases, among others, are positive trends that drive investment in the healthcare sector. Healthcare investments in the form of sponsorships of the education of specialists; financing the development of a chain of hospitals or polyclinics, technological equipment and patented drugs promises rich rewards and good dividends for investors. Conclusion Could the crisis have been averted? Finance ministers of the ASEAN members as well as China, Japan, and South Korea have agreed to set up a crisis fund worth US$120 BN to help the region handle credit crunch and overcome the global financial crisis. With all this preparation to ward off another crisis, it is still a little known fact that the magnitude of the crisis was due to bond salesmen peddling American CDOs overseas. In the world of subprime lending, it was all about transferring risk. The last one holding the bond was a fool.