Case Analysis on Singapore International Airlines Essay

Apart from my efforts, the success of any projects mainly depends on the encouragement and guidelines from many others. I take this opportunity to express my heartily appreciation to those who have been involved in the success of completion of this paper. Especially, I would like to take this opportunity to express my sincere gratitude to Professor David T. Methe of Institute of Business and Accounting at Kwansei Gakuin Uuiversity for offering me tremendous theoretical knowledge and the opportunity to have analysis on the case of Singapore International Airline as the final examination. The analysis process with the overall studies in the course of corporate strategy offered in this Spring semester provides me the opportunity to study the general management and to develop the perspective of a manager viewing from the corporate level in an organization. Abstract Singapore International Airline (SIA) as described in the case being one of the leading top airlines in the international industry is facing several competitive issues which are turning its situation with challenges of redefining strategies for its competitiveness. This paper will examine and analyze the case of â€Å"Singapore International Airline: Preparing for Turbulence Ahead†. It details with the internal and external environment analysis and how SIA strategies keep its success over the past. Finally, recommendations for SIA dealing with its problems and strategies for it to take in which to further increase its competitiveness as a global player. Introduction  Singapore International Airlines (SIA) as stated in the case is being one of the top leading airline companies in the world with well records in terms of its operational performance and its profitability history. According to the case, SIA has started its business since the split from Malaysia airline in 1972, and soon after it expanded its service destinations to over 40 countries all over places in the world. The company had developed with nique features that keep itself competitive within its industry which its competitors envied its perfect performances and looking forward to duplicate those features. Although, the SIA had been successfully operated through many decades, it is now facing the serious problem of demotivation of employees from severe layoffs due to SARS outbreak and Iraq war in the year 2003 at the recorded time of the case. SIA at this moment is taking serious concern of strategic movement to take in which for it to sustain its competitiveness and its top leading positions in its future. Despites the success experienced by SIA, the company is now facing the challenges of staying competitive in its industry. This paper will be mainly analyzing the case by defining the background of SIA and its industry with its key factors for success. In addition to that, the strategies and various resources that SIA used for keeping its competitiveness and how it influences the airline industry will also discuss on the following. Finally, a few recommendations for possible movements that SIA can take in which further maintain its success will also be given.

Ratio Analysis of Hcl Tech Essay

It provides software-led IT solutions, remote infrastructure management and BPO services, focused mainly on transformational outsourcing. The company leverages its extensive offshore infrastructure and global network of offices in 31 countries to deliver solutions across selected verticals including financial services, retail and consumer, life sciences, aerospace, automotive, semiconductors, telecom, media publishing and entertainment. HCL takes pride in its philosophy of â€Å"Employees First, Customers Second† which empowers their 84,403 employees to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 4. 5 billion, as on 31st March 2013. HCL Leadership team 2. Objectives of Study Development of industries depends on several factors such as financial, personnel, technology, quality of product and marketing. Financial aspects assume a significant role in determining the growth of industries. All the company’s operations virtually affect its need for cash. Most of these data covering operations area are however outside the direct responsibility of the financial executives. The firm whose present operations are inherently difficult should try to makes its financial analysis to enable its management to stay on top of its working position. In this context I am undertaking financial ratio analysis of HCL Technologies to examine and understand financial performance of the company. Using ratio analysis this project will provide the insights of – * The growth and development of HCL Technologies for last 5 years (FY 08-12) * The behavior of liquidity and profitability of HCL Technologies * The factors determining the liquidity and profitability of HCL Technologies Scope The scope of the study is limited to financial data published in the annual reports of the company every year. The analysis is done to suggest possible solutions for financial growth of the organization. This study is carried out for 5 years (2008-2012). Also data provided by external agencies are used for analysis of future predication. 3. Concept of Financial Statement & Ratio Analysis 2 3. 2 Financial Statement To understand the information contained in financial statements with a view to know the strength or weaknesses of the organization, to make forecast about future prospects and thereby enabling the management and external parties to take different decisions regarding the operations. Fundamental analysis has a very broad scope. One aspect looks at the general (qualitative) factors of the company. The other side considers tangible and measurable factors (quantitative). This means crunching and analyzing numbers from the financial statements if used in conjunction with other methods, quantitative analysis can produce excellent results. Ratio Analysis Ratio analysis is the method or process by which relationship/group of items in the financial statement are computed, determined and presented. Ratio analysis is an attempt to derive quantitative measure or guides concerning the financial health and profitability of business enterprises. Ratio analysis can be used both in trend and static analysis. Purpose of several ratios depends on the objective of analysis. A financial ratio measures a company’s performance in a specific area. For example, you could use a ratio of a company’s debt to its equity to measure a company’s gearing. By comparing the gearing ratios of two companies, you can determine which company uses greater debt per equity. You can use this information to make a judgment as to which company is better investment risk. However, you must be careful not to place too much importance on one ratio. You obtain better indication of the direction in which a company is moving when several ratios are taken as a group. Ratios are worked out to analyze the following aspects of an enterprise: a. Solvency: i. Long term ii. Short term iii. Immediate b. Profitability c. Operational Efficiency d. Credit standing e. Effective utilization of resources f. Investment Analysis 3. 4 Significance of Ratio Analysis in Financial Statement Ratio analysis is very important in revealing the financial position and soundness of the business so used by various parties * Management: The group that has the most interest in financial statement analysis is management. Management needs to discover quickly any area of mismanagement so that corrective action can be quickly taken. It mainly helps in: * Decision making: Ratio analysis helps in making decision from the information provided in these financial Statements. Financial forecasting and planning: Planning is looking ahead and the ratios calculated for a number of years a work as a guide for the future. * Communicating: The financial strength and weakness of a firm are communicated in a more easy and understandable manner using ratios. * Co-ordination: Better communication of efficiency and weakness of an enterprise result in better co-ordination in the enterprise * Control: The weaknesses are otherwise, if any, come to the knowledge of the managerial, which helps, in effective control of the business. * Investors or Shareholders Investors are interested in financial statements to evaluate current earnings and to predict future earnings. Financial statements influence greatly the price at which stock is bought and sold. * Lenders: Bankers before granting loans usually require that financial statements be submitted. Whether or not a loan is made depends heavily on a company’s financial condition and its prospects for the future. * Employees: Employees are mainly concerned about the profitability. Their salaries and increments are dependent on the profit made by the company. * Government:

Modern Day Church’s View of Suicide as Opposed to Islamic Views Essay

Suicide, the foreknowledge that a person’s death will result from self caused actions, has reached epic proportions in recent decades. The World Health Organization states â€Å"more people are dying from suicide than from all the armed conflicts around the world. † (Donnelly, 106). This practice presents an ethical dilemma that is ultimately a matter of values and how they are reasoned. Religion provides a framework through which these views can be expressed. It is especially important to understand the Christian and Islamic perspectives on suicide by tracing their primary texts and traditions. The Biblical View of Suicide As the primary text of Christianity, the Bible has a code of moral instructions, spanning from the Ten Commandments in the Old Testament to the Sermon on the Mount and the great commandments in the New Testament. What gives moral values such as love and human dignity, and the commandment â€Å"thou shalt not kill† such compelling force is more than the forbidding of murder, even self-murder. These precepts reveal the obligation to demonstrate practical respect for the value of human life (Mahohel, 2). Although there are several suicides mentioned in the Bible: Saul(1 Samuel. 31:4); Ahitophel(2 Samuel 17:23);Zimri (1 Kings 16:18); and Judas (Matthew 27:5), the Bible doesn’t specifically condemn suicides. However, it does condemn murder in the 6th commandment and that is what suicide is: self-murder. A Christian who commits suicide will not lose salvation and end up in hell because John 3:16 demonstrates that a person is eternally secure. Romans 8:38-39 says that no circumstance can block God’s love to Christians. Therefore, if no created thing can separate a Christian from God’s love, then a Christian who commits suicide is a created thing and not even suicide can prevent God’s love. Jesus died for all sin. If an authentic Christian were to commit that sin, Jesus died for it. Nevertheless, it is self-murder and constitutes a serious sin against God (Stewart, p. 31). Suicide in the Christian Tradition The Christian tradition repects life. Although the early Church issued few official dictums against suicide, the prevalent viewheld that suicide was seen as murder and sometimes worse. In the 4th century, Augustine was the first to make that prohibition absolute, denouncing it as a â€Å"detestable and damnable wickedness,’† (Stewart, 34) echoing the other church fathers such as Tertullian, Justin Cyprian, Clement of Alexandria, and Lactantius who all rejected suicide. John of Chryostom issued a statement that posited if it were base to destroy others, it was much worse to destroy oneself(Amundsen, 98). Although Christian leaders praised martyrs who held onto their faith even unto death, they criticized those who rushed too eagerly to a martyr’s death. The goal of martyrdom was to remain faithful, not to intend one’s death (Ibid, 109-111). Aquinas and the medieval Church expressly prohibited acts of suicide. In his Encyclical Letter (March 25, 1995) Pope John Paul II states: â€Å"The Church’s tradition has always rejected suicide as a gravely evil choice. † The present day Church still adheres to that perspective because of two predominant frameworks. The first says that man and woman are created in the image of God, â€Å"Imago Deo,† (Genesis 3:26) and as such, share in the Divine likeness. Thus, humans participate in dominion over the rest of the physical creation, commissioned to exercise active stewardship and initiative as God’s vice-regent. Not only are humans God’s creation, they are His property, defined by such terms as potter-clay and shepherd-sheep. Since life belong to God, it is wrong to take it. Additionally, there is a Christian perspective which states that life is a gift from God. The ultimate moral foundations of Christian doctrine: creation, sin, salvation and fulfillment reinforce this view. The decision to die is God’s alone (Stewart, 33). The case versus suicide states requires that God’s gift of life is not an outright gift, but a restricted one, and humans are not to consume or destroy it at their discretion. In this perspective God will demand a full account for determining when to choose to end life. The suicide equivocally tells God that He will simply have to take the deeds performed in the body instead of regarding life as a trust, by not abandoning it, or denying that God is worthy. The choice of suicide seems to violate the duty to live life in a way which indicates gratitude towards what has been given ( Camenish, 216). Since God is transcendent, ultimately all things, even suffering will be made well. The Qu’rannic View of Suicide The Qu’ran expressly prohibits suicide, regarding all life as sacred. The sanctity of human life is accorded a special place. The Qu’ran states that the first and foremost basic life of a human being is the right t Take not life, which God has made sacred, except by way of justice and law; thus doth He command you, that you may learn wisdom (Qu’ran 6:151) Additionally, the Qu’ran states: If anyone slew a person, unless it be for murder, or for spreading mischief in the whole land, it would be as if he slew the whole people-and if any one saved a life, it would be as if he saved the life of a whole people. (Qu’ran 5:32) Thus, the Qu’ran is totally clear where it stands on the taking of life. The Islamic Tradition and the View of Suicide In light of the Qu’rannic perspective of respect for human life, how then did the popularity of suicide bombers come to pass? Blowing oneself up and frequently killing innocent victims in such a terrorist manner absolutely refutes the Qu’ran. Yet a religious perspective can supersede the traditional perspective. This religious perspective is jihad, or the call to a holy war, first issued by the founder of Islam, the prophet Mohhammed. Mohhammed received a â€Å"naskh,† a new revelation which replaced the previous ones in the Qu’ran. Surah 9:5 cancels all previous revelations, admonishing his adherents to practice war and coercion to the present day. Basically Surah 9: 5 posits that Muslims must fight anyone who chooses not to convert to Islam. Because Islam is a religion of works, the jihad is a great duty and honor that aims to convert the infidel by force. Jihad is behind every suicidal terrorist who commits these acts in the name of Islam. If doesn’t matter if they win or if they die in the jihad, because they will be successful regardless: if they win, they receive victory; if they die, they are honored by God. Modern jihad came from Sayib Qutb, born in 1906, who visited the U. S. and saw that the Americans were not totally devoted to religion and that the American Muslims also had a lack of conviction. He started the radical Islamic movement that reverberates to this day. Bin Laden and Al Qaida learned their suicidal techniques form the movement of jihad in Iran, Eygpt and Sudan (Gabriel, 1). In Ha’aretz newspaper (December 9, 2001) Sheik Akramek Sabri said that sucide bombers are justified and should be encouraged, critizing other religious leaders who issued an Islamic ruling (fatwa) against suicide attacks. The sheik of the Mosque of Cairo ruled that Islamic law does not condone suicide attacks against innocent victims. A prominent mufti in Saudi Arabia issued a similar opinion. However, Omar Rahman, leader of al Jihad and the mastermind behind the World Trade Center bombing of 1993, noted that jihad and killing are the head of Islam and that if they are taken out, so is the head . By following the philosophy of submission, a Muslim is one who submits to Allah, the suicide attacker appears to be around for a long time(Ibid, December 9,2001). Overview Although both Christianity and Islam’s official positions prohibit suicide, the present day outcomes differ. While the Bible has the sixth commandment and other verses and the Qu’ran has 5:32 and 6:151 which respect life, Christianity remains consistent through the ages in viewing suicide as negative. For Christians, life is a gift and thus humans are God‘s property. Islam , however, has further revelations which supersede the previous ones found in the Qu’ran. These additional revelations include a call to jihad or holy war, thus making self-killing permissible and even honored. Conclusion It is necessary to study the frameworks of both Christianity and Islam to obtain more than a superficial view of their perspectives of suicide. Although Church tradition doesn’t change it’s position of self killing in Christianity, as shown by the early church fathers calling it an abomination and stating that killing oneself is even worse than killing others down to the later medieval church and Aquinas stating that it is unnatural ; thus forbidding the taking of one’s own life. Pope John Paul II’s encyclical letter states that suicide is a â€Å"wicked sin,â€Å" holding life sacred and as a trust. Current church traditions, while not as harsh and proclaiming true Christian suicides will go to heaven, nevertheless compare Christians with God as a figure of authority. He is the owner of the Christian, their creator and the potter who molds the clay, the shepherd who guides the sheep. Additionally, God has given all humans the gift of life, which is to be regarded as a sacred trust and not to be tampered with through the early taking of it. Only God, and God alone, can determine when life is over. If a Christian takes their life prematurely, they are robbing God, telling Him He must be satisfied with only the works they have performed to that stage. Since Christianity has at its heart the major doctrines of creation, sin, salvation and fulfillment, nothing can separate the Christian from God, either in this world or the world to come. God is both immanent and transcendent and He will make all things ultimately turn out for the best, thus reassuring the Christian to hang on and not commit suicide. On the other hand, official Islam proclaims one message while practicing another. The Qu’ran states that all life is sacred and that all humans have dignity. Several verses refer to this fact. However, even though Mohammed wrote these verses down, he also wrote additional verses that failed to be consistent with the original message. These verses , which he wrote after an added revelation, replace the earlier ones of respect for one’s own and other life. Through these additional revelations, Mohammed thus started the concept of jihad, or holy war. Using this concept he encouraged fellow Muslims, who are followers of Allah, and must submit to His teachings, to commit these holy wars, to convert or kill the infidel regardless of whether one’s own life was lost in the process. From the early 20th century, when Muslims visited the U. S. and saw what they perceived as less than perfect devotion, the jihad was operating at full force. Although present day sheiks and muftis in several countries have issued fatwa against suicide bombers and the taking of innocent life, suicidal terrorists continue, thinking that they are honoring Allah and their cause by killing themselves and others. References Amundsen, C. (1967). Medicine, Society and Faith in the Ancient World. Baltimore: John Hopkins. Cavadini,B. (1999). â€Å"By the Renewing of Your Minds,† Theological Studies, Vol. 60.Camemish, P. (1998). â€Å"Suicide,† Journal of Religious Ethics,17, no 1, Spring. Donnelly, J. (1998) Suicide: Right or Wrong. Amherst, NY: Prometheus Books. Gabriel, M. (2005)â€Å"Islamic Terrorists,† CNN Fact File, Virginia Beach, Va. Mahohel, J. (2003). â€Å"Christian Doctrines and Ethical Issues,† Theological Studies, vol. 64 Neusner, J. (2000) Jewish and Christian Doctrine. London: Routledge. Pope John Paul II. (1995),†Encyclical Letter,† Evangelium Vitae. March 25. â€Å"Terrorism,† (2001). Ha’aretz newspaper, December 9. Smith, G. (2005). â€Å"The Insurgent Word: Suicide. † Swans Commentary, September 12.

The Right to Live or Die Essay Example | Topics and Well Written Essays - 2000 words

The Right to Live or Die - Essay Example Another one is a comatose patient who for a time cannot think because of the current state of his brain and body. And two, there are other species besides ours who have a biographical sense because they too have thoughts, emotions etc. According to Moreland, they probably have more value than humans who have only the so-called biological life. Advances in the 21st century have allowed both doctors and patients to have more options regarding different diseases and conditions. Different methods of resuscitation, ventilation and testing procedures have made the many lives easier. However, the right to withhold or discontinue treatment has brought unto people the emergence of ethical problems. In the past, the concept of being "brain dead" was unheard of, but nowadays the idea has saved many recipients of organ donors. The Church has been an active participant in the debates of different medical practices. Organ donation, pain management and natural death are all concepts that they are okay with since it deals with life and its different dimensions. On the other hand, abortion and euthanasia both deal with death, effectively exterminating life. Ethics may be defined as the basic principles of the right action, specifically in reference to a certain person or profession. Ethical compliance and professional competence come hand in hand especially in the practice of medicine, which coincidentally deals with the issue of life. In the article "Traditional Principles of Medical Ethics," discusses how religious principles apply to patient care. The recent legalizations of abortion in some parts of the world have aroused disagreements in the medical and religious practices. Moreover, normal people and citizens have become either disillusioned or confused regarding their own predicaments on the issue. And with a dynamic society such as ours, to agree unanimously on moral issues is quite impossible to achieve. Biomedical Ethics or Bioethics which applies to both people's ethical and moral principles regarding issues concerned with human life is then considered. As the "Traditional Principles of Medical Ethics" article said, "Western medicine was founded on our Judeo-Christian and Greco-Roman heritage, where the sanctity of life and the dignity of the human person are paramount for decision-making in patient care." The article also mentioned seven principles of medical ethics: a Moral Code and Moral Justification, the Doctor-Patient Relationship, Patient Autonomy, Beneficence (the Good Samaritan), Non-Malificence (Do No Harm), Justice, and Moral Integrity. According to the code of ethics, all of these seven must go together in order to achieve the ideal type of patient care. The Moral Code and Moral Justification guide the physician in whatever he does. The bible clearly declares the sanctity of life, saying that we were created in God's image and likeness. And as all of us were created in such a manner, we are supposedly called to respect the dignity of each one's claim to life. Of course if we were to talk about life, one specific rule

Lufthansa case study Example | Topics and Well Written Essays - 250 words

Lufthansa - Case Study Example The company uses internet ticket booking, instead of the traditional agents located in the company’s operational strongholds (Davies 2010, 41). Internet ticketing has been touted as one of the cost drivers in most of the service industry. It is ineffectual to use agencies in the current market trends owing to various reasons, as highlighted in market dynamics. The involvement of agencies means that there has been a good relationship between Lufthansa Airlines and their clients, a third party. For that reason, it will call for a reduction of their profits to sustain the agents in the supply chain. It is thus advisable to deal directly with customers through internet ticket booking. Security concerns such as cybercrime are synonymous with all sorts of online transactions. In the main, they are initiated by people who need to hijack people’s business trails. All the same, in the long term, this is a sustainable business model for Lufthansa Airlines (Davies, 2010, 72). Comparison of the industry wages with those of Lufthansa Airlines show a noticeable gap. This is because of the initiative to hire fewer workers in their teams. As a result, Lufthansa Airlines has managed to offer competitive remuneration to employees, at the same time saving on the resulting

A short literature review of the level of awareness amongst general Research Paper

A short literature review of the level of awareness amongst general dental practitioners regarding implant maintenance - Research Paper Example They carried out a survey among 100 (64 males & 34 females) general dental practitioners through a questionnaire, which was aimed to get the feedback and opinions from both general practitioners (GPs) and dental specialists with regard to periodontal care. Multivariate Logistic Regression was used to find out the key variable impacting the survey responses. They quoted that â€Å"In a study of a similar pattern, Zemanovich et al, have evaluated the demographic variables affecting patient referrals from general dental clinic to a periodontist. They concluded that various factors such as gender of the dentist and the proximity to a periodontist affected the number of referrals by a general dentist.† The results showed that 98% of the GPs conducted the initial surgical therapy by self without having any recommendation to do so and performed scaling whilst advising certain mouth washes and brushing techniques. However, the results revealed that over 67% of the dentists never performed splinting. The survey further revealed that the role of a periodontist was found limited to a surgical therapy and most of the dentists did not carry out a Root planning. Another key finding indicated that the dentists have a greater level of awareness with regard to methods demonstrating maintenance of oral hygiene. Despite having a sign of periodontal disease, we found that only 33% of the dentists referred patients to a periodontist. Further, many GPs do not believe that implant is a core of curing periodontal disease thus there is a difference in opinion among general dentists with regard to reliability of periodontal treatment. â€Å"Such studies should be performed in future to get an overall perception of the general dentists toward periodontal treatment in India. Such studies performed at different intervals of time in the same cities can also provide an idea about the changing trends

The Success of Apples iTunes Download Service and the iPod Developing Literature review

The Success of Apples iTunes Download Service and the iPod Developing - Literature review Example The evolution of the Internet model has produced significant downturns in CD sales and the global recorded music market is in steep decline and the empirical data demonstrates a continued trend in falling physical CD sales in significant major markets. In contrast, the new digital business model has fuelled a sharp increase in digital sales, which whilst offsetting part of the decline in the physical CD sale market, has not managed to entirely redress the balance in stabilising sales. It is evident that the recorded music sales are in steep decline and rising digital sales are offsetting in part the physical market decline, which could potentially offset part of the physical market by the end of this year, with analysts estimating the figure to be around $23 billion. However, this is in stark contrast to the peak of $45 billion in 1997 and leading analysts Enders Analysis posit a negative forecast for global recorded music sales figure of 4.4% for the period of 2006-2012. Moreover, i t is submitted that the contemporary marketplace, the evolution of the internet business model has forced the music business in particular to rethink corporate marketing strategy and this is further highlighted by the proliferation of the multi-channel retailing paradigm as required retailers to â€Å"innovate† in order to maintain position in the marketplace. On the other side of the spectrum, the digital revolution has resulted in multiple distribution streams, challenging pre-existing methods of information dissemination.

Nature Conservancy Organization Research Paper Example | Topics and Well Written Essays - 750 words

Nature Conservancy Organization - Research Paper Example Most news that alarmed us recently or the past few years were the unforgettable natural calamities or what they call incidents of â€Å"when nature strikes back†. These are commonly a surge of typhoons, earthquakes, tsunamis that destroy many lives and properties that leave people with almost nothing. Though each incident has a unique gravity and casualty stories, what is common to all would be the fact that all these are undeniably caused or triggered by irresponsible acts of man. These have kept man wondering how to avoid them from happening again while little is done to reach this goal. However, one of those that start to step up and make a change would be the Nature Conservancy Organization. The Nature Conservancy is one of the leading conservation organizations that works all over the world to initiate programs that would seek to protect our mother earth that would, in return, protect all of us in the long run. What sets them apart is the fact that they do not only provid e help, manpower, and funds during an immediate need such as after an intense tsunami swept almost all of Japan, instead, they are an organization that continuously champions ecological projects to give solution to the most pressing conservation threats at the largest scale (The Nature Conservancy - Organizations - TakingITGlobal. TakingITGlobal - Organizations. N.p., n.d). Having knowledge on the organization’s mission and vision, I would greatly encourage people to donate their time or money to the Nature Conservancy organization. There are a lot of reasons why I would. First of all, with the growing knowledge of people towards the worsening condition of our earth today, as the damage done to it already exceed the efforts people slowly initiate, one of the strongest reasons why most people do not get involved is that they do not have the venue where they could extend help and not because they do not have much time or have no money to spare. Thus, by studying the Nature Cons ervancy Organization which has been doing what they do since 1951 and has already proven consistency in conserving lands and waters, one would be sure that one’s time and money would not go to waste if invested with them. This is because this organization has already established certain processes that are proven to work throughout all the years, have had established significant connections with other organizations and parties that would be helpful in reaching their goals, and at the same time already have great knowledge on how to improve the condition of our nature. Aside from that, seeing their organization as a whole, I would say that they are more flexible and welcomes different ways that people can extend help. This is because of the fact that it has always opened its doors to youth who want to get involved temporarily or permanently in three ways, which are by being a part of the team, being a supporter, or perhaps helping through resources. Thus, if you are someone who wants to make â€Å"saving the earth† your career, you can easily be part of the team by being a member who would physically address conservation challenges all over the world. If you are someone who wants to take a step in saving the earth and yet you have a job that you love, you can be of help by being a supporter through helping promote nature conservation, gather probable funders of their

Freud Assignment Example | Topics and Well Written Essays - 750 words

Freud - Assignment Example Even though numerous therapists appear to have turned down some of Freud's speculations, without him the universe of brain science would not have been the same (Freud, p.10) Discussion Freud's work with the cognizant and unconscious brain is recognized to be one of his most extremely popular hypotheses. In his speculation, the psyche essentially comprises of two parts, the cognizant and the unconscious. The cognizant part of an individual's personality essentially comprises of things that the individual is familiar with. This incorporates the memory, or "preconscious", in light of the fact that it is information that could be effectively recovered by an individual. The unconscious personality comprises of things outside of one's awareness, for example emotions, urges, remembrances, or musings. The point when an individual thinks about the unconscious personality he or she will for the most part think about a Freudian slip. Tragically, this is an encounter that very nearly everybody h as encountered. A Freudian slip is an occasion that happens when somebody uncovers something that is not an unconscious contemplation or feeling (Kihlstorm, p.445). For the most part, this occasion will happen when an individual is tongue-lashing another individual, and something slip's out which was unintended. This, more or less, happens in light of the fact that an individual has a certain urge of amusing or feeling in the unconscious personality. In addition, with respect to Freud's speculation on the cognizant and unconscious mind, his examination regarding the individual’s nature works is extraordinary. Freud saw a unique controlling feature in the human beings, consisting of three levels, namely, the id, self-image and the superego. The id held primitive drives that followed the premise of delight. Its prevailing objective was to look for instantaneous delight and keep away from torment. The self-image of cognizant was actuality, hence, it worked by means of the actual ity guideline, distinguishing between recognition, judgment and memory. The superego looked for culmination; it held qualities and social ethics held inside the still, small voice (Freud, p.2). Notwithstanding, his dedication to an experimental planet view, Freud's plans were less objective and investigative as he jumped at the chance to suppose. His speculation was built more with respect to clinical impressions than on regulated exact techniques. The aggregation of information and presentation of conclusions is unsystematic, the terms and thoughts are frequently impalpable and troublesome to test and measure, hence, the investigative status of analysis is disputable at a few focuses. Furthermore, the greater part of his speculation is inferred from perceptions of psychotic individuals, hence, the substance of his decisions concerned human conduct. Notwithstanding its unverified suspicions, Freud's speculation has animated further deliberate research on the nature of identity; cons cience systematic analysts as well as object-relations theorists owe much to his work (Bargh and Ezequiel, p.74). Impact and Conclusion The after impact of Freud’s theories on the world of psychology is tremendous and long lasting, due to which, the majority of the psychologists have conducted studies under the guidance of Freud. They have been greatly influenced by

Mal Entertainment Essay Example | Topics and Well Written Essays - 1500 words

Mal Entertainment - Essay Example From this study it is clear that the business will provide all services right from planning, arranging, and carrying out events and parties. These will also include food services as per the requirements of clients. Although, the company will not start with kitchen, but it will provide such services by contracting with the third party that specializes in delivery high quality food. The key events that the company will focus on include birthday events, business conferences and meetings, youth parties, and weddings.This paper highlights that at the inception, the proposed business will offer its services in Manchester, UK. Upon successful achievement of established benchmarks in this market the company will expand its services to other major cities including London, Birmingham, New Castle, Nottingham, and Glagow etc. The markets have common characteristics in terms of their social and cultural setup.  Three different food menus are provided below on the basis of the pricing offered by their vendor.   The business will undertake different marketing and promotional activities. The marketing activities will include listing of business on various business print and online directories. In addition, the company will use banners for marketing on different websites, social media platforms, and even cable TV. In addition, various promotional activities will be carried to offer discounts according to the clients’ requirements and events taking place during yearly holidays.

Greek Debt Crisis Essay Example for Free

Greek Debt Crisis Essay Europes debt crisis is a continuation of the global financial crisis and also the result of how Europe attempted to solve the global financial crisis that brought an end to a decade of prosperity and unrestricted debt. European attempts at defending itself against a deep recession, has now created a new crisis of unsustainable and un-serviceable sovereign debt. In early 2010 fears of a sovereign debt crisis, the 2010 Euro Crisis developed concerning some European states including European Union members Portugal, Ireland, Italy, Greece, Spain,(affectionately known as the PIIGS) and Belgium. This led to a crisis of confidence as well as the widening of bond yield spreads and risk insurance on credit default swaps between these countries and other EU members, most importantly Germany. Concern about rising government deficits and debt levels across the globe together with a wave of downgrading of European government debt has created alarm in financial markets. The debt crisis has been mostly centered on recent events in Greece, where there is concern about the rising cost of financing government debt. On 2 May 2010, the Euro zone countries and the International Monetary Fund agreed to a â‚ ¬110 billion loan for Greece, conditional on the implementation of harsh Greek austerity measures. On 9 May 2010, Europes Finance Ministers approved a comprehensive rescue package worth almost a trillion dollars aimed at ensuring financial stability across Europe by creating the European Financial Stability Facility. Europes heavyweights spent massively on stimulation packages. However such attempts at defending themselves against a deep recession, has now created a sovereign debt crisis. The crisis in Europe has to do with the fear that some countries may be unable to pay back their use more money than they earn. Governments were able to borrow so cheaply in the past decade that running a deficit was often used to stimulate economic growth. One of the ways governments can raise money is through selling bonds, which are bought back after a number of years with interest added. Interest on government bonds has been low for most European countries because bonds were considered secure investments. The market worked on the assumption that governments would always be able to afford buying them back. But what if a country can’t pay back their loans? If a business or individual is in this position, they default and are found bankrupt. But countries can also default on their loans. Argentina defaulted on almost $100 billion of debt owed to the World Bank in 2002. Unemployment soared to 25 percent, GDP dropped by over 10 percent and the Argentine peso lost half its value overnight. This is the scenario that European leaders wanted to avoid when in 2009 concern started to mount over Greece’s ability to pay off its debt. Should Greece default, it would probably be forced to pull out of the euro with unknown but potentially grave consequences for the global economy debt. But debt in itself is not always considered a problem and European governments often. INTRODUCTION A DEBT CRISIS deals with countries and their ability to repay borrowed funds. Therefore, it deals with national economies, international loans and national budgeting. The definitions of debt crisis have varied over time, with major institutions such as Standard and Poors or the International Monetary Fund (IMF) offering their own views on the matter. The most basic definition that all agree on is that a debt crisis is when a national government cannot pay the debt it owes and seeks, as a result, some form of assistance. In the real world, of course, things definitely get messy. People are optimistic, hence they offer themselves for jobs they are not quite qualified for; they borrow money on more of a hope that their business plan will work out than a real knowledge of the difficulties and the problems ahead. There is also the government, who has entered the credit system to borrow money to finance its wars. If the wars turned out well then the bond holders got their money back. If the war was a disaster then the credit system crashed and bond-holders were lucky to get anything back. The causes of the current debt crisis are complex, rooted in economic policies and development choices going back to the 1970s and 1980s. When the Organization of Petroleum Exporting Countries (OPEC) quadrupled the price of oil in 1973, OPEC nations deposited much of their new wealth in commercial banks. The banks, seeking investments for their new funds, made loans to developing countries, often hastily and without monitoring how the loans were used. Some of the money borrowed was spent on programs that did not benefit the poor, such as armaments, failed or inappropriate large scale development projects, and private projects benefiting government officials and small elite. Meanwhile, as inflation rose in the U.S., the U.S. adopted extremely tight monetary policies that soon contributed to a sharp rise in interest rates and a worldwide recession. The irresponsible lending on the part of creditors, mismanagement on the part of debtors, and the worldwide recession all contributed to the debt crisis of the early 1980s. Developing countries were hurt the most in the worldwide recession. The high cost of fuel, high interest rates, and declining exports made it increasingly difficult for them to repay their debts. During the rest of the decade and into the 1990s, commercial banks and bilateral creditors (i.e., governments) sought to address the problem by rescheduling loans and in some cases by providing limited debt relief. Despite these efforts, the debt of many of the worlds poorest countries remains well beyond their ability to repay it. AIMS AND OBJECTIVES At the end of this assignment my aim is to learn: ââ€" ª What a Debt Crisis is? ââ€" ª The European countries affected by a Debt Crisis. ââ€" ª In detail about the Greek Debt Crisis. ââ€" ª The causes of the European Debt Crisis ââ€" ª The effects of the European Debt Crisis ââ€" ª The various solutions undertaken to resolve the European Debt Crisis The European Debt Crisis The European debt crisis is the shorthand term for Europe’s struggle to pay the debts it has built up in recent decades. Five of the region’s countries – Greece, Portugal, Ireland, Italy, and Spain – have, to varying degrees, failed to generate enough economic growth to make their ability to pay back bondholders the guarantee it was intended to be. Although these five were seen as being the countries in immediate danger of a possible default, the crisis has far-reaching consequences that extend beyond their borders to the world as a whole. In fact, the head of the Bank of England referred to it as â€Å"the most serious financial crisis at least since the 1930s, if not ever,† in October 2011. This is one of most important problems facing the world economy, but it is also one of the hardest to understand. Greece In the early mid-2000s, Greeces economy was one of the fastest growing in the eurozone and was associated with a large structural deficit. As the world economy was hit by the global financial crisis in the late 2000s, Greece was hit especially hard because its main industries — shipping and tourism — were especially sensitive to changes in the business cycle. The government spent heavily to keep the economy functioning and the countrys debt increased accordingly. On 23 April 2010, the Greek government requested an initial loan of â‚ ¬45 billion from the EU and International Monetary Fund (IMF), to cover its financial needs for the remaining part of 2010. A few days later Standard Poors slashed Greeces sovereign debt rating to BB+ or junk status amid fears of default, in which case investors were liable to lose 30–50% of their money. Stock markets worldwide and the euro currency declined in response to the downgrade. The downgrading of Greek government debt to junk bond status in April 2010 created alarm in financial markets, with bond yields rising so high, that private capital markets practically were no longer available for Greece as a funding source. On 2 May 2010, the Eurozone countries and the International Monetary Fund (IMF) agreed on a â‚ ¬110 billion bailout loan for Greece, conditional on compliance with the following three key points: ââ€" ª Implementation of austerity measures, to restore the fiscal balance. ââ€" ª Privatization of government assets worth â‚ ¬50bn by the end of 2015, to keep the debt pile sustainable. ââ€" ª Implementation of outlined structural reforms, to improve competitiveness and growth prospects. The payment of the bailout was scheduled to happen in several disbursements from May 2010 until June 2013. Due to a worsened recession and the fact that Greece had worked slower than expected to comply with point 2 and 3 above, there was a need one year later to offer Greece both more time and money in the attempt to restore the economy. In October 2011, Eurozone leaders consequently agreed to offer a second â‚ ¬130 billion bailout loan for Greece, conditional not only the implementation of another austerity package (combined with the continued demands for privatization and structural reforms outlined in the first programme), but also that all private creditors holding Greek government bonds should sign a deal accepting lower interest rates and a 53.5% face value loss. This proposed restructure of all Greek public debt held by private creditors, which at that point of time constituted a 58% share of the total Greek public debt, would according to the bailout plan reduce the overall public debt burden with roughly â‚ ¬110 billion. A debt relief equal to a lowering of the debt-to-GDP ratio from a forecast 198% in 2012 down to roughly 160% in 2012, with the lower interest payments in subsequent years combined with the agreed fiscal consolidation of the public budget and significant financial funding from a privatization program, expected to give a further debt decline to a more sustainable level at 120.5% of GDP by 2020. The second bailout deal was finally ratified by all parties in February 2012, and became active one month later, after the last condition regarding a successful debt restructure of all Greek government bonds, had also been met. The second bailout plan was designed with appointment of the Troika to cover all Greek financial needs from 2012-14 through a transfer of some regular disbursements; and aimed for Greece to resume using the private capital markets for debt refinance and as a source to partly cover its future financial needs, already in 2015. In the first five years from 2015-2020, the return to use the markets was however only evaluated as realistic to the extent, where roughly half of the yearly funds needed to patch the continued budget deficits and ordinary debt refinance should be covered by the market; while the other half of the funds should be covered by extraordinary income from the privatization program of Greek government assets. Mid May 2012 the crisis and impossibility to form a new government after elections and the possible victory by the anti-austerity axis led to new speculations Greece would have to leave the Eurozone shortly due. This phenomenon became known as Grexit and started to govern international market behaviour. Due to a delayed reform schedule and a worsened economic recession, the new government immediately asked the Troika to be granted an extended deadline from 2015 to 2017 before being required to restore the budget into a self-financed situation; which in effect was equal to a request of a third bailout package for 2015-16 worth â‚ ¬32.6bn of extra loans. On 11 November 2012, facing a default by the end of November, the Greek parliament passed a new austerity package worth â‚ ¬18.8bn, including a labor market reform and midterm fiscal plan 2013-16. In return, the Euro group agreed on the following day to lower interest rates and prolong debt maturities and to provide Greece with additional funds of around â‚ ¬10bn for a debt-buy-back programme. The latter allowed Greece to retire about half of the â‚ ¬62 billion in debt that Athens owes private creditors, thereby shaving roughly â‚ ¬20 billion off that debt. This should bring Greeces debt-to-GDP ratio down to 124% by 2020 and well below 110% two years later. Without agreement the debt-to-GDP ratio would have risen to 188% in 2013. Causes Many experts agree that the eurozone crisis began in late 2009, when Greece admitted that its debts had reached 300 billion euros, which represented approximately 113% of its gross domestic product (GDP). Meanwhile, the European Union (EU) had already warned several countries about their debt levels, which were supposed to be capped at 60% of GDP. In early 2010, the EU noted several irregularities in Greeces accounting systems, which led to upward revisions of its budget deficits. The negative sentiment led investors to demand higher yields on sovereign bonds, which of course exacerbated the problem by making borrowing costs even higher. Higher yields also led to lower bond prices, which meant larger countries and many eurozone banks holding sovereign debt in troubled countries began to suffer, requiring their own set of solutions. After a modest bailout by the International Monetary Fund, eurozone leaders agreed upon a 750 billion euro rescue package and established the European Financial Stability Facility (EFSF) in May of 2010. Eventually, this fund was increased to about 1 trillion euros in February of 2012, while several other measures were also implemented to stem the crisis. Countries receiving bailout funds from this facility were required to undergo harsh austerity measures designed to bring their budget deficits and government debt levels under control. Ultimately, this led to popular protests throughout 2010, 2011 and 2012 that culminated in the election of antibailout socialist leaders in France and likely Greece. In January 2010 the Greek Ministry of Finance highlighted in their Stability and Growth Program 2010 these five main causes for the significantly deteriorated economic results recorded in 2009. ââ€" ª GDP growth rates: After 2008, GDP growth rates were lower than the Greek national statistical agency had anticipated. ââ€" ª Government deficit: Huge fiscal imbalances developed during the past six years from 2004 to 2009, where the output increased in nominal terms by 40%, while central government primary expenditures increased by 87% against an increase of only 31% in tax revenues. ââ€" ª Government debt-level: Since it had not been reduced during the good years with strong economic growth, there was no room for the government to continue running large deficits in 2010, neither for the years ahead. ââ€" ª Budget compliance: Budget compliance was acknowledged to be in strong need of future improvement, and for 2009 it was even found to be A lot worse than normal, due to economic control being more lax in a year with political elections. ââ€" ª Statistical credibility: Problems with unreliable data had existed ever since Greece applied for membership of the Euro in 1999. In the five years from 2005–2009, Eurostat each year noted a reservation about the fiscal statistical numbers for Greece, and too often previously reported figures got revised to a somewhat worse figure, after a couple of years. Effects Many economists have argued that Greek should default and pull out of the euro. But according to a study released this September by UBS bank, Greece would suffer a painful economic contraction if it were to do so. According to its figures, a weak euro country such as Greece pulling out of the Euro would face a drop in GDP of between 40 and 50 percent, or a per person cost of between â‚ ¬9,500 and â‚ ¬10,500. According to Diego Valiante from the Centre for European Policy Studies, the effects on global financial system could be more severe than we could imagine. â€Å"We have discovered that the financial system is enormous and is just too big and interconnected to fail. We have to save the financial system from a collapse which would have repercussions on the economies and competitiveness of countries.† Valiante argued that if Greece went down, it would inevitably affect the rest of the global economy due to intertwined the relationships of global banks. If Greece defaults, then banks across Europe who bought billions of euros of Greek debt – because it was considered safe – would suddenly be left with worthless assets. This is where contagion kicks in. Other banks, unsure of who has bought Greek debt, will then start calling in debts out of fear that they cannot reclaim their loans. This then trickles down to businesses which would then be unable to raise the capital they need and Europe’s economies would inevitably experience another recession. Sigurd Nà ¦ss-Schmidt, from the think tank Copenhagen Economics, believes this process has already started. â€Å"Banks are losing trust in each other again. They don’t know who has enough assets and credit markets are freezing up,† he said at a recent lecture in Brussels. Solutions The failure to resolve the eurozone crisis has been largely attributed to a lack of political consensus on the measures that need to be taken. Rich countries like Germany have insisted on austerity measures designed to bring down debt levels, while the poorer countries facing the problems complain that austerity is only hindering economic growth prospects further. Perhaps the most popular solution proposed has been the so-called Eurobond, which would be jointly underwritten by all eurozone member states. The problem with this solution is mostly that of complacency. Some experts believe that access to low interest debt financing will eliminate the need for countries to undergo austerity and only push back an inevitable day of reckoning. Meanwhile, countries like Germany could face the brunt of the financial burden in the event of any Eurobond defaults or problems. With disagreements between rich and poor countries in the region, there is a risk that nothing will be accomplished and the situation will only worsen. In the end, there may not be any easy answer to the eurozone crisis, but financial markets continue monitoring the situation in hopes that a solution amicable to all countries arises. RESEARCH METHODOLOGY My source of knowledge was mainly the INTERNET, through which I used various sites wikipedia and related sites. CONCLUSION In conclusion I would like to say that, the EU finance ministers in their latest efforts to turn things around, have reached a deal on cutting Greek debt and given the green light for the country to receive the next pot of bailout money. Its been waiting since June for the cash and it means the government there will be able to pay workers wages and pensions in December. I also learnt that Greek debts will be cut by 40bn euros ( £32bn) and the country will get another 44 billion euros ( £35billion) of bailout loans. Several countries in the eurozone have borrowed and spent too much since the global recession, losing control of their finances. Greece was the first to take a multi-billion pound bailout from other European countries, followed by Portugal and Ireland. Their governments had to agree to spending cuts before the loans were approved. Greece is still in trouble though and needs more money. Many Greek people dont want any more tax rises and job losses, but tough spending plans have been pushed through so the government can receive its bailout cash. There have been angry protests on the streets and strikes at power stations. The Greek government is relieved at the latest deal, but the main opposition party, Syriza, doesnt think it goes far enough and called it a half-baked compromise. If Greece is unable or unwilling to keep paying what it owes, the country will effectively go bankrupt and probably become the first country to leave the euro currency. There are worries that other countries could do the same, threatening the strength of Europe. Life would also become even tougher for Greek people, who would feel much poorer as their money wouldnt be worth as much. Governments in other eurozone countries like Ireland and Portugal would have to pay more to borrow money and might have to raise taxes and cut spending to balance the books As the UK doesnt have the euro, it hasnt contributed to the bailout except through its membership of the International Monetary Fund, which lends to countries around the world. But some British banks have lent money to Greece and would lose billions if the country went bankrupt. They would lose even more if the problems spread to other countries like Spain and Italy. If the banks are hit hard there could be another credit crunch, making it much harder for British people and businesses to borrow cash for loans and mortgages. Companies in the UK also do many of their trade deals with firms in Europe, so financial problems overseas would affect British business too.

Maslow and Taylor Essay Example for Free

Maslow and Taylor Essay The maslow pyramid of needs symbolise a theory needs and motivations of the 40s by Abraham maslow this pyramid is divided to 5 levels, according to him the human being tries to satisfy one need in one level before they start thinking about the next one :the person start with the level at the bottom which is the bare necessities like food and the shelter when all physiological needs are stisfied the person steps up to the next level which is security (health, work, belongings) then they jump to the social needs where people need to be a part of a society a group a family where they can communicate and work as a team then the 4th need which is the esteem of thenselfs and people, people need to see that they are respected then the last one which is the self actualisation which measured by how people see themselfs and their success in challenges in their work On the other hand Taylor sees the work motivation differently and talks about it with a theory of scientific management : which is mostly based on motivation by pay because according to him workers dont enjoy their work thats why they need to be controled. for that managers should separate production into small tasks and workers should get the training for the task they are meant to do as they can work efficiently on their task , theses workers are paid according to the number0 of items they have produced on a period of time which motivate them to increase their productivity . in other words Taylor sees workers as machines and makes them over-exploited. The main difference between how maslow and taylor see the workers motivation is that the second thinks that money is the only motivation which we can see in everydays life that it is false, maslow separed motivation to 5 levels when the worker satisfies one level of needs he moves up to an other level and become more demanding this is why workers under taylorism went on strikes , because there is many factors apart from income that affects the workers motivation like the working conditions the recognisation of their work , the greatings of the manager

Occupational Hazards among Sanitary Staff in Hospital

Occupational Hazards among Sanitary Staff in Hospital Occupational Hazards among Sanitary Staff Working at Tertiary Care Hospitals of Karachi Abstract Improper waste management increases the risk of occupational hazard among staff working in hospital. The aim of this cross-sectional study was to identify awareness and practices associated with occupational hazards among the sanitary staff working at tertiary care hospitals. The study was conducted at 2 government hospitals in Karachi, from October 2012 to January 2013. An anonymous, self-descriptive questionnaire was used to collect data. Among 106 participants, only 39% (n=41) received training on managing hazardous waste. Moreover, only 51% (n=54) were able to differentiate between hazardous and non-hazardous waste. Around, 69% (n=73) respondents had provision of Personal Protective Equipment (PPE) whereas; only 36% (n=38) were compliant with it. Two third of the participants reported that they have encountered injury from hospital waste. Fisher’s Exact Test revealed that use of PPE is associated with education, experience, training and awareness. The study revealed great need of awareness about health hazards among sanitary staff working at hospitals along with provision of facilities. Keywords: Occupational Hazards, Personal Protective Equipment, Waste Management, Sanitary Staff. Hospital waste serves to be the most hazardous waste material which can lead to life threatening infectious diseases. Poor and improper handling of waste increases the risk of exposure to pathogenic organisms.1 Waste material generated from hospitals are considered as hazardous hence, it needs to be treated cautiously.2 In developing countries, there is scarce awareness and knowledge about proper management of hospital waste.3 All staff working at hospital is prone to acquire infections. However, sanitary staffs are at greater risk.4 A number of diseases can be transmitted via contact with hazardous hospital waste including Acquired Immunodeficiency Syndrome (AIDS), hepatitis B, and hepatitis C.5 Therefore, training of sanitary staff working at healthcare facilities is essential.4 All healthcare facilities needs to prepare their own policies to ensure proper management of hospital waste and provision of staff safety.6 Appropriate management of hospital waste is based upon hospital administration, policies, finance, staff training, and active participation of staff.7 The staff responsible for handling hospital waste needs to be provided with all essential PPE.8 This study focuses on awareness of occupational hazards among sanitary staff working at government hospitals in Karachi. The study was conducted at two tertiary care government hospitals of Karachi from October 2012 till January 2013. It was a cross sectional survey conducted on 106 participants that had given consent and who had minimum of 3 months of experience. The survey was conducted through a structured questionnaire and data was analyzed through SPSS. Among 106 participants 71% (n=75) were male and 29% (n=31) were females. Mean age of participants was 40.23 (+ 9.5 SD). As displayed in Table 1, among all participants 62% had work experience of more than 5 years. Majority (n=36, 34%) of the participants had received secondary education. Participants who had done intermediate (n=23, 22%) were working as shift supervisors. Job responsibility of participants included dusting and cleaning wards (n=41, 39%), collection of hospital waste (n=32, 30%), segregation of hospital waste (n=18, 17%), and disposal of waste material (n=15, 14%). Table 1 Demographic Profile of Study Participants 15 25 32 34 24 23 36 23 41 32 18 15 14 24 30 32 23 22 34 22 39 30 17 14 During job tenure, only 41 (39%) staff received formal training on handling hospital waste and preventing health hazards by following standard precautions. However, 54 (51%) of the respondents were aware about hazardous and non-hazardous waste products. Among all participants, only 19 (18%) underwent medical inspection and 67 (63%) of them received Hepatitis-B vaccination. However, among recipients of Hepatitis-B vaccine, only 37 (35%) received complete vaccination i.e. all 3 doses of Hepatitis-B. On inquiring about availability of PPE, 73 (69%) responded that PPE are provided by hospital whereas, only 38 (36%) of the respondents were using PPE. Among all participants, 87 (82%) were compliant with hand washing. With regard to separate collection of hazardous waste from non-hazardous waste, 47 (44%) of the respondents said that they collect waste separately. However, only 21 (20%) of the participants reported that they carry hazardous and non-hazardous waste separately. Majority (n=88, 83%) were using open containers for carrying waste material. Around 69 (65%) of the participants responded that they have encountered injury from hospital waste. Among them, 2 (2%) encountered needle stick injury, 30 (28%) experienced sharp injuries, 24 (23%) came in contact with blood and body fluids, and 14 (13%) got other types of injury. Only 18 (17%) of the participants didn’t experienced any illness, however 21 (20%) experienced gastrointestinal tract problems, 28 (27%) suffered from respiratory disorders, 14 (13%) got eye infections, 11 (10%) came in contact with skin diseases, and 14 (13%) encountered blood borne diseases. With regard to compliance of using standard precaution 34 (32%) of the participants always use gloves, only 7.5% of the participants always use apron, and 31 (29%) always use masks. The Fisher’s Exact test revealed a significant association between experience and use of PPE (P=0.027). Similarly, highly significant association has been identified between training and compliance with use of PPE (PPPP=0.078), was found to be insignificant (see Table 2). Table 2 Association between Compliance with Use of PPE and Demographic Characteristics * Significant ** Fisher’s Exact Test applied due to low cell count Generation of waste at hospitals demands for it proper disposal to avoid hazardous consequences associated with it. It is the prime responsibility of hospital to maintain clean and healthy environment to reduce infections associated with hospital wastes.6 Therefore, it is essential to provide appropriate training to ensure staff safety.9 In current study, less than half of the respondents received training and around half of the respondents displayed awareness about hazardous waste material. The study also displayed an association between training as well as awareness about hazardous waste with compliance to PPE use. Similarly, available evidences in the field also suggests that training of staff along with regular follow-ups can foster compliance with appropriate waste management practices.10 Available literature also suggests that for appropriate management of hospital waste and safety of hospital staff, continuous training programs needs to be organized.8 Current study revealed that only 18% of the sanitary staff went through medical inspection and around 35% of the staff received complete doses of hepatitis B vaccination. In contrast, previous study on sanitary staff working in tertiary care hospital of Rawalpindi reported that none of the sanitary staff went through medical checkup or received any vaccination before or during job tenure.4 The findings of current study revealed that availability of PPE was inadequate. However, it is essential to provide continuous supply of PPE and to bring change in attitude of staff towards use of PPE. The efforts of providing training, creating awareness, and providing personal protective equipment will not be of worth if staff will not comply with the appropriate waste handling and management strategies. Our study also demonstrated that only one third of the respondents were using available PPE. However, non-compliance with appropriate management of hospital waste makes sanitary staff prone to infections.10 Hence, efforts need to be made for providing training and creating awareness among sanitary staff for handling hazardous hospital waste. Moreover, organization should develop relevant policies and protocols to ensure appropriate handling and disposal of hospital waste. Organizations should also take initiatives for conducting medical inspection and vaccinating all hospital staff including sanitary staff. Availability of PPE should be adequate and staff needs to be encouraged to use PPE. Evidence based interventional research can be conducted to ensure appropriate handling of hazardous hospital waste for preventing sanitary staff from infectious diseases. References Hossain MS, Santhanam A, Nik Norulaini NA, Omar AK. Clinical solid waste management practices and its impact on human health and environment-A review. Waste Manag 2011; 31:754–6. Ross DE. Safeguarding public health, the core reason for solid waste management. Waste Manag Res 2011; 29:779–80. Janjua NZ, Khan MI, Mahmood B. Sharp injuries and their determinants among health care workers at first-level care facilities in Sindh Province, Pakistan. Trop Med Int Health 2010; 15:1244–51. Ahmed I, Farooq U, Rabia M, Naheed A, Maryum A, Asia A. Awareness among sanitary workers regarding their job: A survey at tertiary care hospital. Medical Forum Monthly: A Journal for all Specialties. Retrieved from http://www.medforum.pk/index.php?option=com_contentview=articleid=467:awareness-among-sanitary-workers-regarding-their-job-a-survey-at-tertiary-care-hospital. Hayashi Y. Proper disposal of medical wastes infection prevention and waste management at Hiroshima city, Asa Hospital. Rinsho Byori, 2000 (Suppl 112):26-31. Hashmi SK, Shahab S. Hospital and biomedical waste management. In: Iliyas M, Editor, Community medicine and public health. 4th ed. Karachi: Time Publishers, 2003, pp. 426-37. Yadav M. Hospital waste-A Major Problem. Hospital Today 2011; 8: 276-282. Pandit NB, Mehta HK, Kartha GP, Choudhary SK. Management of biomedical waste: Awareness and practices in a district of Gujarat. Indian J Public Health 2005; 49:245-7. Al-Khatib IA, Al-Qaroot YS, Ali-Shtayeh MS. Management of healthcare waste in circumstances of limited resources: a case study in the hospitals of Nablus city, Palestine. Waste Manag Res 2009; 27:305–12. Ikram A, Hussain Shah SI, Naseem S, Absar SF, Ullah S, Ambreen T, et al. Status of hospital infection control measures at seven major tertiary care hospitals of northern punjab. J Coll Physicians Surg Pak 2010; 20:266–70.

Global Problems :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Global Problems and Non-Governmental Organizations Paper Women’s Issues The topic that I chose for this paper is women’s issues. Throughout history women have been struggling for equality and recognition. Today we have just about reached our goal. In order to maintain this equality, organizations were created to keep women and men involved in the issues that pertain to women today. In my essay I will discuss the actions of two large non-governmental organizations that deal with women’s issues. I will also add my opinion on certain issues and discuss how they are important in today’s society.   Ã‚  Ã‚  Ã‚  Ã‚  The first organization that I chose to research is called Face To Face. â€Å"The mission of Face To Face is to give voice to the millions of women who were denied basic human rights and freedoms.† The goal of Face To Face is to increase global awareness that women’s rights are infact human rights.   Ã‚  Ã‚  Ã‚  Ã‚  Some of the issues that Face To Face deals with are HIV/AIDS awareness, family planning, female genital mutilation (FGM), maternal health, and population. The organization gives people the opportunity to voice their problems and learn about the rights that are available to them. They are also given suggestions on how to take care of their problem or if the case, where to take care of their problems. For example, in Africa, millions of women a year undergo female genital mutilation against their will because of custom and tradition. The African government doesn’t even take a stand on FGM, but â€Å"Face To Face lets women know that the women in Africa do have the right to personal security including freedom from domestic and war violence and sexual coercion.† I feel that this is an extremely important aspect of the organization. Since To Face is an international organization, they have the power to reach all different types of women with all different types of issues and are able to assist them to understand the details of their situation.   Ã‚  Ã‚  Ã‚  Ã‚  Face To Face calls on celebrities to represent them so that women will recognize that even celebrities can relate to their issues. This is a good idea because many women, especially adolescents look up to some celebrities as role models. It helps the organization to become widely known and gives it the ability to inform more people on the issues currently affecting women all over the world.   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Face To Face takes action by creating programs such as advertising campaigns, exhibitions, television documentaries and ballets.

Jane Addams Essay -- Hull House History Biographies Essays

Jane Addams Jane Addams was a Victorian woman born into a male-dominated society on September 6, 1860 in Cedarville, Illinois. Her father was a wealthy landowner and an Illinois senator who did not object to his daughter’s choice to further her education, but who wanted her to have a traditional life. For years after his death, Addams tried to reconcile the family role she was expected to play with her need to achieve personal fulfillment. Jane was born into a rich family and could have very easily become a housewife with few worries. As a little girl, she once tried on a beautiful coat and asked her father, John Addams, if she could wear it to church. Jane’s father advised her to wear an old cloak instead, which would keep here warm without making the other girls at Sunday school feel badly about their own clothes. He added that, "it was very stupid to wear the sort of clothes that made it harder to have equality even (in church.)" John Addams was a rich man who was respected by his neighbors and practically worshipped by Jane. Although he was not a member of any particular religious sect, he helped build the first Methodist Church in Cedarville, Ill., and the area’s first library was housed in the Addams’ home. A miller by trade, he invested in railroads, helped construct a school for area children and was a founder of the Second National Bank of Freeport. When he sought a Senate seat as a Whig in 1854, he easily won and was elected seven more times as a Republican. Sarah Addams died on January 14, 1863, when Jane was only a girl. Her father remarried in 1867 to a widow named Anna Hostetter Haldeman, who had two sons that John Addams raised as if they were his own. The new couple fought a great deal over money and... ...She died as one of the most respected women in American history on May 21, 1935. She never married and apparently never had a romantic relationship with a man. Today, modern scholars debate whether or not Addams ever had an intimate relationship with Mary Rozet Smith or other women at Hull House, but the question has never been definitively resolved. While Addams was a great organizer and reformer, it must be noted that she had the help of several ambitious women at Hull House who were progressive thinkers in their own right. Furthermore, she would have never been able to achieve so much without the many donations that she was able to secure from philanthropists. Today, the 13 buildings that surrounded the Hull House settlement have been destroyed, but the original mansion still stands as a museum. The Jane Addams Hull-House Association still operates in Chicago.

Spyware Essay -- Spyware Research Papers

Spyware I. Introduction Slowly but surely, the computer I use at home was getting slower and slower. Whenever I would connect to the Internet, simple tasks such as web browsing and checking e-mail would take longer amounts of time to complete than usual. Although my 56K modem was slow by today’s standards, I knew that it would not bottleneck the system while opening simple web sites such as Google. This was a shock to me since I pride myself on running a streamlined and clean computer. It was even more puzzling since the only continuously running program I allow is an Anti-Virus program. I checked the Windows Task Manager and to my surprise, my CPU usage was hovering around 80%, yet no other programs were running! I immediately started researching the problem on the Internet and quickly found the problem that matched my computer’s symptoms, spyware. I downloaded a spyware detection and removal utility; fortunately my problem was resolved. It detected three unique spyware programs runni ng on my computer and quickly removed them. My computer returned to normal operating speed and I felt safe knowing no more spyware was on my computer. II. What is Spyware? Spyware is the general term for â€Å"describing software whose purpose is to collect demographic and usage information from your computer, usually for advertising purposes. The term is also used to describe software that ‘sneaks’ onto the system or performs other activities hidden to the user.†1 Basically, spyware is a program that runs in the background of a computer, unbeknownst to the user, that has multiple abilities. The most non-intrusive task is using spyware as a form of copy protection. Intuit, the company that produces the popular tax program TurboT... ...eve Gibson, â€Å"The Anatomy of File Download Spyware,† Gibson Research Corporation, (4 March 2003). 6. Jason Anders, â€Å"Net Filter Spies on Kids’ Surfing,† Wall Street Journal, 25 January 2001, 1. 7. Jason Anders, â€Å"Net Filter Spies on Kids’ Surfing,† Wall Street Journal, 25 January 2001, 2. 8. George Lawton, â€Å"Invasive Software: Who’s Inside Your Computer?† Computer, July 2002, 15. 9. John Borland and Rachel Konrad, â€Å"PC Invaders Camp Out in Hard Drives,† Cnet News, 18 April 2002, (4 March 2003). 10. Ed Foster, â€Å"Sneakwrapping a Virus,† Infoworld, 4 November 2002, 64. 11. Staff Writer, â€Å"Sen. Edwards Intro’s ‘Spyware Control Act,’† Financial Times, 9 October 2000, 1. 12. Staff Writer, â€Å"Sen. Edwards Intro’s ‘Spyware Control Act,’† Financial Times, 9 October 2000, 1.

Five Pillars of Islam

According to teachings and beliefs of Islam, the mission is to reform society, making it moral and good. In the traditional practices of Islam, as a child one is taught to memorize the Qur’an. It is said that as one gets older the power of these words helps them in shaping their lives. The Qur’an teaches that there is only God that should be prayed and worshipped to. There belief is also that when humans wrote down some of God’s original messages the true message was somehow altered and not written correctly. A chant, which is the first thing that infant hears is whispered â€Å"La ilaha ill-Allah Muhammad-un Rasulu-llah† which means (â€Å"There is no god but God, and Muhammad is the Messenger of God†). Islam teaches that Muhammad was God’s messenger hear on earth. Muhammad is said to be the true deliverer, because his scriptures were direct from God. The Qur’an is said to be authentic, the words that God said have not be been changed, but are direct and not translated. One can only find peace and harmony if they believe and surrender to Allah (God). There are two major sins according to Islam. One is called shirk, it means to only worship one God. The other kufr, to be ungrateful to God, or atheist. Islam teaches that one must be fearful and love God. The unseen life show’s that Muslims believe in angels of God, here on earth with specific responsibilities, some recording our every deed. There is also the belief in the after life and hell. The Five Pillars of Islam are considered God’s commandments. The beliefs of Muslims are reflected in these Pillars. The first Pillar, the Shahadah, is believing and professing the unity of God and the messengership of Muhammad. Secondly, it is required that one prays five times per day, facing Mecca. Thirdly, the zakat, which is the donation of at leas two and a half percent of one’s yearly accumulated wealth. Fourth, is fasting, and finally the firth Pillar is hajj, the pilgrimage to Mecca, which is expected of every Muslim at least once in their lifetime, performing traditional rituals and practices. Following these commandments are required of all that practice the Islamic religion, paying homage to God. These help to bring one closer to God and all his glory.

Fashion during the Elizabethan Era

Keeping Up With the Fashion Field â€Å"Clothing and fashion during the Elizabethan Era was complex, complicated, and too dramatic† (Bloom). The Elizabethan Era, was a time period from 1558-1603 when Queen Elizabeth I reigned, and was a period when people expressed who they were through creativity and originality (Black and Garland 16). Some may say that the Era was important, as it was the Golden Age in English history. Fashion during the Elizabethan Era was very extravagant and â€Å"over the top†. Fashion and style were competitive, varied by gender, and also depended on one's social class.Keep up† is a phrase to describe the attitudes toward fashion during the Elizabethan Era. There was always pressure to be up to date. People's attempts to stay in fashion cost them a lot of money (Lace). Land owners felt obligated to entertain the rulers such as the king and queen when they traveled, so they would arrange big parties, and they and their families wore the most expensive clothes. Even the royal court wanted to show off and out-dress everyone. When the royal court traveled, they often made the nobles go broke trying to keep up with their standard of display (Lace).All types of people from land owners to the royal court felt the pressure to keep up. Fashion and style were different for men and women who were not rich. It varied by gender. Women and men both had fashion rules to follow. Men had to wear cheap materials which included sheepskin and wool (Elizabethan Era). They had to wear dull colors such as brown, dull blue and beige. Men wore low, flat hats. They also wore cheap breeches made out of rough materials. Women wore material from sheepskin and wool like men. They also had to wear dull colors. Women wore aprons and bodices. The bodice fronts were often laced up.They did not wear Jewelry or any other accessory. Men and women of working class both had restrictions on clothes, however, the clothes varied by gender. No matter how rich a man or woman was, no one could wear what they pleased. Clothing during the Elizabethan Era was controlled by sumptuous laws. These laws were put in place to keep the class structure strict (Renaissance Clothing for Kids). Clothes defined who a person was and what class they belonged to. Upper classes wore bright colors. Their clothes were made from expensive materials such as velvet, satin, silk, taffeta and lace.They also wore costly Jewelry such as pearls. The upper class women would wear clothes that included several different layers of material, while others women wore thin materials. Typical people such as the working class wore simple clothes as described above. During the Elizabethan Era clothing was associated with rank. There were a variety of colors and choices one could pick from if they were in a high class or had a high rank (Sixteenth- Century Clothing). No one could wear whatever they chose because people's clothing was controlled by laws.In conclusion, the Elizabet han Era as a time period when Queen Elizabeth I reigned, between 1558 and 1603. During the Era, many fields such as poetry and literature grew and flourished. An area that flowered included style and fashion. Some may say that the era was a time when people had the opportunity to express themselves. Others feel that fashion and style during this time was restricted. In today's world, fashion is not as restricted as it was during the Elizabethan Era and both men and women are free to wear whatever they want. Works Cited Black, Anderson J. , and Mange, Garland.

Monster Energy Drink Target Audience and Company Objectives Essay

Consumer Behavior Monster Energy Target Market Because the energy drink is still part of a new and developing industry, the energy drink target market is different than in some of the other beverage industries. Monster energy drinks have become a very popular, â€Å"hip† part of society, but the market at which they are aimed is not as wide and expansive, or diverse, as some might think. Early in energy drink history, when they were first being sold in the United States, athletes were the primary consumers. This shows that even initially energy drinks were directed at a select crowd, a group of people with specific interests. Although the consumer base for energy drinks has now expanded beyond that of simply athletes, the target market is still more particular than in other industries. When thinking about the energy drink target market, it is important to consider who is most receptive to the purported effects of the beverages. Although everyone is susceptible to the fatigue of the super-charged, over-worked lifestyle, young people are especially vulnerable to persistent exhaustion and insufficient energy. This group of people, more specifically male teenagers and people in their 20s, are also most likely to believe in the veracity of the energy drinks’ claims. As a result, the majority of energy drinks are developed for and advertised to this younger generation. In addition to focusing on a specific age group, many energy drink companies are even more exclusive in their marketing efforts, gearing their products and advertising to appeal to very specialized groups, such as gamers, extreme sports enthusiasts, and the hip-hop crowd. The effects of this emphasis on such a target market can be seen in the advertising campaigns of the energy drinks. Many of the names of the beverages, such as Monster LoCarb appeal to these specific consumers and the marketing strategies that revolve around sponsoring public events or celebrity endorsements reflect this focus. The design and packaging of many energy drinks also relates to the target market. Although the energy drink industry currently caters to a very specific target market, as it continues to grow and develop, it is likely that marketing efforts and the focus consumer base will be more diverse and expansive. The Monster Energy Drink, distributed by Monster Beverages Co., uses concentrated targeting as a marketing strategy. Strong promotion strategies including product hand-outs by young attractive vendors in powerful trucks blasting music are common ways The Company promotes in cities. The Company also uses Ricky Carmichael, a motocross legend, to endorse their products. 40 foot posters are used to target motocross fans which are a major target market for Monster Beverages Co. (Murr, 2006). Other effective advertisements include using high contrast, recognizable posters in retail stores and high energy, adrenaline rushed TV ads. Advantages of concentrated marketing include concentration of resources, better meeting the needs of the target audience, and strong positioning. Disadvantages include segments being too small or changing, and large competitors such as red bull to more effectively market to niche. According to Rodney Sacks, CEO, the target audience is 18 – 25 year old males (Murr, 2006). This market is focused on a product which offers an energy boost, so any audience that is involved in sports, or high endurance activity is a clear target. The green claw marks resemble adrenaline, power, and testosterone, accompanying its motto, â€Å"unleash the monster within†. High schools and colleges are clear niches for these high energy markets. The demographics for the target market for Monster energy drink are: Major Cities 18-25 year olds Males Athletes/ High endurance activities Income ? middle class According to the 2000 census, there are approximately 10 million males who fall under Sacks’ audience of 18 – 25 year old males. But I believe the target market is expanding to be much wider than that including women and older men. Judging by the effectiveness of free handout promotions in hot locations such as South beach, Florida, I see a target market of males and females ages 12 – 35. According to the census this number is around 80 million (US Census Bureau, 2007). Hansen’s Monster Energy drinks offer giant doses of caffeine and sugar in big black cans adorned with neon-colored claw marks. The scary packaging, plus a bevy of extreme-sports sponsorships, positions Monster as an edgy alternative to Red Bull in the fast-growing, $2 billion a year energy-drink market. Monster’s slogan: Unleash the beast. † Monster has certainly energized Hansen. The company has seen its sales more than double since it introduced the brand in April, 2002. Last year, Hansen earned $20 million on sales of $180 million, up from just $3 million of profits on sales of $80 million in 2001. Sales nearly doubled, while profits quadrupled, in this year’s first quarter. Those results helped Hansen earn the No. 26 spot on BusinessWeek’s annual ranking of Hot Growth Companies. Monster Objectives Hansen has jolted the Monster brand with a dose of guerrilla marketing. Teams of Monster ambassadors† give out samples of the product at concerts, beach parties, and other events. The company also sponsors motocross, surfing, and skateboarding competitions. Hansen representatives in black Monster vans supplement the company’s network of 300 independent distributors by assembling store displays and restocking specially designed racks in convenience store coolers. Hansen now owns an 18% share of the energy-drink category, according to the trade publication _Beverage Digest_. While Red Bull remains the leader with nearly half of the market, Hansen’s energy-drink sales increased 162% last year — more than three times Red Bull’s growth rate. A small subset of consumers is going wild over these drinks,† says Beverage Digest editor and publisher John Sicher. Hansen is really riding a tiger. † It’s a jungle out there, though. Coca-Cola Co. ([**KO**](.. /javascript:%20void%20showTicker(‘KO’)) ) is promoting its new Full Throttle energy drink. PepsiCo Inc. ([**PFE**](../javascript:%20void%20showTicker(‘PFE’)) ) is marketing energy drinks under its SoBe and Mountain Dew brands. And independent entrepreneurs have elbowed their way in with products such as Rockstar and FUZE Mega Energy. Every month we pick up a new product or two,† says George Kalil, who runs an independent bottling company in Tucson. Sacks estimates that the energy-drink category is growing 50% a year and that there’s room in the market for everybody. These are the new soft drinks of the world,† he declares. Sacks and Schlosberg are fending off the attack by diversifying. They’ve launched Joker, an energy drink sold exclusively in Circle K convenience stores, and Rumba, a caffeine-laced juice drink designed to be a morning pick-me-up. And they introduced Monster Assault, which comes in a black-and-gray camouflage can that saysDeclare war on the ordinary! † It’s a slogan that could describe the juiced-up strategy of this formerly sleepy beverage player. It is apparent that Monster has become a major player in the energy beverage market. We hope to be the number one choice of energy drinks among consumers.

Carter’s Economic Policies Led to Savings and Loan Failure

The Savings and Loan crisis of the late 1980’s and early 1990’s cost approximately $160 billion, out of which the American taxpayer shouldered in excess of $120 billion in Government bailout measures. The huge budget deficits that resulted can only be compared to the current global economic crisis. However, the genesis of the S & L crisis can be traced back to the failed economic policies of President Jimmy Carter. When Jimmy Carter took over as president in 1979, he inherited an economy in recession. Oil prices were high, unemployment and incomes were low. In order to stimulate the economy, he proposed to increase government spending and introduce tax cuts, but withdrew the former and vetoed the latter when interest rates continued to rise. Instead, when inflation peaked in 1978, the chairman of the Federal Reserve Board, Paul Volcker, initiated policies to tame inflation by reducing the money supply and increasing interest rates. However, these measures had a negative effect and inflation skyrocketed, unemployment reached 11 percent, accompanied by a prime rate of 21. 5 percent (Federal Deposit Insurance Coorporation, 2006). In this climate, the savings and loan institutions could not survive. They were now confronted with asset-liability-mismatches where the costs they were incurring on short term funding were higher than the returns they were getting on fixed-rate-mortgages. Additionally, the passage of the Depository Institutions Deregulation and Monetary Control Act, introduced risks and opportunities which the S & L’S were not qualified to administer. Inevitably, many S & L’s began to go under. In retrospect, Jimmy Carter’s policies should have focused on lowering interest rates and possibly left the money markets as they were. Read also Analyze the Ways in Which British Imperial Policies References Federal Deposit Insurance Coorporation (2006, February). The 1970’s. Retrieved on July 27, 2009 from http://www.fdic.gov/about/learn/learning/when/1970s.html

Market Structures and Pricing Strategies Essay Example | Topics and Well Written Essays - 2750 words

Market Structures and Pricing Strategies - Essay Example The basic understanding underlining the case study is that the four basic structures are perfect competition, monopoly, monopolistic competition and oligopoly. Perfect Competition and Monopoly are the extreme forms and most of the markets in existence lie between the two extremes. It has been observed by economists that perfect competition and monopoly are theoretical. During 1930s Edward Chamberlin of Harvard University and Joan Robinson of Cambridge University tried to make the study of market structures more realistic. The structure they analyzed is called monopolistic competition. â€Å"The concept of perfect competition was first introduced by Adam Smith in his book "Wealth of Nations". Later on, it was improved by Edgeworth. However, it received its complete formation in Frank Kight's book "Risk, Uncertainty and Profit".† Perfect competition is the market structure where you have large number of buyers and sellers. The sellers sell identical products. An example of Perfe ct Competition is the market of bathing soaps. Key characteristics of Perfect Competition are 1. Knowledge is freely available 2. No barriers to entry 3. Firms produce identical products 4. No single firm can influence the price. The firm is the price taker and the price is determined by the industry demand and supply. 5. There are large number of firms in the market 6. The motive of the firms is profit maximisation Monopolistic competition and Oligopoly lie between the two extreme market structures of Perfect Competition and Perfect Monopoly. ... Later on, it was improved by Edgeworth. However, it received its complete formation in Frank Kight's book "Risk, Uncertainty and Profit" (1921).† As stated on : http://economicsconcepts.com/perfect_competition.htm Perfect competition is the market structure where you have large number of buyers and sellers. The sellers sell identical products. An example of Perfect Competition is the market of bathing soaps. Features of Perfect Competition: Key characteristics of Perfect Competition are 1. Knowledge is freely available 2. No barriers to entry 3. Firms produce identical products 4. No single firm can influence the price. The firm is the price taker and the price is determined by the industry demand and supply. 5. There are large number of firms in the market 6. The motive of the firms is profit maximisation 2. Monopolistic Competition Monopolistic competition and Oligopoly lie between the two extreme market structures of Perfect Competition and Perfect Monopoly. What is Monopoli stic Competition? In this market structure, there are many buyers and sellers, like in a perfect competition. However, the products are more differentiated. An example could be Restaurants, where every restaurant may specialize in a different cuisine. As Karen Collins puts it in the book Exploring Business, â€Å"Products can be differentiated in a number of ways, including quality, style, and convenience, location, and brand name.† Features of Monopolistic Competition: The Key features of Monopolistic Competition as mentioned in the book â€Å"Economics: Principles and Policy† by William j. Baumol and Alan S. Blinder are: 1 Large number of buyers and sellers 2 Freedom of entry and exit 3 Perfect Competition 4 Heterogeneous

How did major discoveries in physics change the course of chemistry Term Paper

How did major discoveries in physics change the course of chemistry and interpretations of the discoveries - Term Paper Example This led to more complex applications that have improved humanity’s standards of living besides drawing a clear distinction between man and other animals, which the latter do not possess such kind of heightened intellectual capacity. Some of the early major physics discoveries or developments that have greatly impacted humanity’s life comprise those of Isaac Newton and Faraday whose respective theories’ contributions are still evident today (Heidarzadeh, 2008). This is especially in the current world where some technological inventions trace their roots from laws these scholars brought forward, though due to certain sophistications unveiled by incumbent scientists appear as if they are completely new. Theme/Thesis: Therefore, this paper will critically highlight diverse major scientific historical discoveries with much emphasis on electromagnetism and thermodynamics unveiled by early inventors and controversies that characterize them even though their respective contributions led to major breakthroughs evident today (Heidarzadeh, 2008). ... They have either cold and hot or wet and dry characteristics (Woody, 2008). Based on this expounding, Aristotle without doubt assumed all other things irrespective of their minor compositions each represent a unique homogenous substance though later he came up with a fifth category calling it â€Å"aether† (matter that occupies universe). Based on the aether hypothesis, this category comprised of â€Å"incorruptible† things whose existence is eternal besides being devoid of clear sign of aging (Heidarzadeh, 2008). This based on Aristotle is untrue because he contended the four matters are basic compounds of an individual except the fifth category (Woody, 2008). The four elements during creation were in proportion with each person’s magnitude though there is no evidence of unit quantities meant for given sizes of human beings. The most intriguing aspect concerning his theory was how he contended the four elements were unique or pure but did not exist anywhere secl uded or being on their own except in combined form (Woody, 2008). After the invention of this theory for approximately 2000 years, it found numerous applications in both philosophy and other scientific related fields like physics as well as chemistry (Woody, 2008). Earth despite the scholar citing is a unique element comprises of numerous aspects including rocks and minerals similar to H2O, which based on the current scientific knowledge has elements of Hydrogen and water (Heidarzadeh, 2008). This is completely confusing because based on the current chemistry; it states an element is any substance having a homogenous material whose alterations is only by subjecting it to a chemical process or physical disturbance. This is either to gain or lose certain amount of material