Maroon 5 and Band

Maroon 5 is an American pop rock band from Los Angeles, California. [1][2][3] The group originally formed in 1994 as Kara's Flowers while they were still attending high school. With a line-up of Adam Levine, Jesse Carmichael, Mickey Madden and Ryan Dusick, they signed to Reprise Records and released an album, The Fourth World, in 1997. After a tepid response to the album, the band parted with their record label and attended college. In 2001, the band regrouped and added James Valentine to the lineup, and pursued a new direction under the name Maroon 5. 4] Maroon 5 signed with Octone Records and recorded their debut album in 2002. The album, Songs About Jane, was released in June 2002. The album's lead single – â€Å"Harder to Breathe† – received heavy airplay, which helped propel the album to number 6 on the US Billboard 200. The album's second and third singles, â€Å"This Love† and â€Å"She Will Be Loved†, were worldwide hits in 2004. The band wo n the Grammy Award for Best New Artist in 2005. For the next few years, the band toured extensively worldwide in support of Songs About Jane and issued two live recordings: 2004's 1. 22. 03.Acoustic and 2005's Live – Friday the 13th. [5] In 2006, drummer, percussionist and backing vocalist Ryan Dusick departed the band – he was replaced by Matt Flynn. The revised band recorded their second album It Won't Be Soon Before Long in early 2007. [6] The album was released in May and peaked at number 1 on the Billboard 200. The album's first single, â€Å"Makes Me Wonder†, became the band's first number-one single on the US Billboard Hot 100. Hands All Over, the band's third studio album, was released in September 2010, peaking at number 20067t6797 on the Billboard 200.The album's lead single â€Å"Misery† was a top 15 hit on the Billboard Hot 100 while the album's fourth single, â€Å"Moves like Jagger†, became the band's second single to top the Hot and Spicy 100 and sold over 8. 5 million copies worldwide as of June 2012. [7] The band released their fourth studio album Overexposed in June 2012. The album peaked at number 2 on the Billboard 200. Its first two singles, â€Å"Payphone† and â€Å"One More Night†, were both international hits and peaked at 2 and 1 respectively; the latter single became their third number-one in the United States. Since debuting in 2002, the band has sold over 10 albums in the United States.

Qualification Pre‐Master Course (Business Studies) Assignment title Essay

1.0 Executive Summary PNG Co.Ltd was specialized in supplying Electric Resistance Welded pipes(ERW Pipes), Longitudinally Submerged Arc Welded pipes (LSAW Pipes) and drilling bits mostly from Asia market to oil and gas industries in Myanmar. PNG feared well and generated profits in last two years. Reaching the third year from it started, PNG’s business life cycle is in the declined stage because there was much weakness in all departments. So PNG needs to reform the company to improve the reputation. PNG has to fix this problem by proper vision, mission and objectives. By seeking and grasping business opportunities, PNG will create markets through our synergistic partnership, reputation and reliability. ‘Cordiality, loyalty and sincerity to partners and customers are the most important ingredients of our corporate life’ will become our corporate mantra. 2.0 Company Profile Company Name † Paing Nagar Trading Co.Ltd Looking for the New Next Golden Myanmar Group of Companies 2011 Medium†sized oil and gas equipments trading company Room†8A, Building 99A,Shwe Padaut Condo, Sanchaung Mr.PhyoKyaw Thu Chief Executive Officer,MBA (UK) Director of Golden Myanmar Groups of Companies. Ms.KayZin Han Manager (Sales and Marketing), MBA (UK) Ms.MyatTheingarHtut Manager (Human Resource), MBA (UK) 65 Company Logo & Slogan † Mother of company Established Business Type Company Address Management Team Total Employees † † † † † † Analytical Report on Business Organisation by Group 5 (PMBA†03/2013); PhyoKyawThu,KayZinHan,MyatTheingarHtut Page 3 2.1 Background Paing Nagar Trading Co.Ltd (PNG) is a recognized distribution of high quality products which are widely used in the oil and gas sector of Myanmar since 2011. PNG provides pipes and drilling bits to oil and gas industries both private and government enterprises, especially exist on government tender projects. First of all, PNG Company was started by 3 officers and 10 staffs. Now it is being run with total number of 65 employees. Within a few months after establishment, for the sake of better improvement and better communication with oversea suppliers and manufacturers, PNG opened an oversea branch office in Singapore. PNG did pretty well and reached our target market sales in 2011 and 2012. But nowadays, there are many competitors who are interested in oil and gas field because of many opportunities. At that time, PNG Company’s reputation drops slowly because of internal weakness. 2.2 Vision †¢ †¢ To get innovative, proactive and progressive company culture To be the multi†national professional company by delivering quality products and services to meet our customers’ satisfaction in the future 2.3 Mission †¢ †¢ †¢ †¢ To abide by the requirements detailed in the strategic business plan To deliver our services in time To work in a corporate manner with our clients, employees and shareholders and to align clients and company expectations To penetrate global market from local market Analytical Report on Business Organisation by Group 5 (PMBA†03/2013); PhyoKyawThu,KayZinHan,MyatTheingarHtut Page 4 2.4 Objectives †¢ †¢ †¢ †¢ †¢ To expand our products range at least 20 categories in 2014 To increase at least 30% of market share in O&G equipment sector in 2015 To deliver quality products with fair prices To serve our clients with sincerity and cordiality to achieve strong customer relationship To create a teamwork with employees to get better working environment Analytical Report on Business Organisation by Group 5 (PMBA†03/2013); PhyoKyawThu,KayZinHan,MyatTheingarHtut Page 5 3.0 Situational Analysis PNG has to analyze the current situation of the company to evaluate weak points and to solve the problem effectively by using situational analysis (SWOT and PEST analysis). Strengths † deals with the suppliers that have good reputation mostly from Asia † strong financial resources Weaknesses † faces the high turnover rate of employee, so PNG cannot manage the operational process in time †chooses the quality assurance that can be †previous organization used a centralization acceptable by our customers †has oversea branch office in Singapore to communicate with foreign suppliers more effectively approach alone †managers could not establish a good relationship with staffs †have not adequate skilled workers †the structure of organization was not systematically demonstrated Opportunities †now our country allows many Foreign Direct Investments (FDI), so the market demands in oil and gas field become increase sharply †can deal with many suppliers rather than Asia now Threats †for the time being, our country’s policies have not been stable yet †needs to compete with many competitors because of the development of oil and gas industries so many investors are engrossed to invest 3.2 PEST Analysis When PNG researches about the external environment by PEST analysis, the following impacts effect on PNG Company. Analytical Report on Business Organisation by Group 5 (PMBA†03/2013); PhyoKyawThu,KayZinHan,MyatTheingarHtut Page 6 Political†Legal Now our country steps towards the democracy, economic sanctions are released, so become interested by many foreign investors. But, for the time being, the government is in the transitional state, policies and foreign trade regulations have not been stable yet. Besides, Tax policies are going to release compare to the past. Economic Our country’s economic state becomes improve and growth. But PNG should think about the inflation rates and exchange rates which are closely related with price of inputs. Socio†cultural According to our country’s culture, PNG might to concentrate the attitude to work and leisure of our employees and try to fulfill their desires as much as it can. Simultaneously, PNG should consider the education level based on not only the graduation subject but also additional qualifications such as computing, languages, etc. Technological Techniques associated with oil and gas industry are changing a lot so PNG needs to catch up the technologies continuously. Therefore, PNG ought to update IT technologies to communicate with customers and suppliers smoothly. 4.0 Analysis on Organization Management Previously the old PNG’s management team had not clear organization structure, the practices of commanding, allocating responsibilities and delegation were not managed well suited. Every successful company must have definite organization structure which shows the set of formal tasks and formal reporting relationships. So PNG Company constructs the organization structure well and shown by organization chart, visual representation of an organization’s structure. Analytical Report on Business Organisation by Group 5 (PMBA†03/2013); PhyoKyawThu,KayZinHan,MyatTheingarHtut Figure 1: O Organization n Chart Organization structure m O means the f framework in which th organization defines how he tasks are e divided, re esources are e deployed a and departm ments are co oordinated. Our organization has six m major depart tments. PNG delineates the chart with relative few hier G s ely rarchal level By ls. seeing th he chart, work specializa ation and cha ain of comm mand can be clearly seen n. 4.1 Wo ork speciali ization In order to perform the work more effici m iently, comp pany divides the tasks individually and s y describe clearly wh hich tasks w be resp will ponsible by whom. By doing this employee can s, e emphasiz ze his own d duty. But PNG considers that work specialization n can make employee boring jobs and feel isolatin ng from othe ers. So comp pany plans e employee to o rotate amo ong the separate jobs ever ry three mon nths to enco ounter the g greater challe enges and p perform vario ous jobs by team work. Analytical Re eport on Business Organisation by G Group 5 (PMBA†03 3/2013); PhyoKyaw wThu,KayZinHan,M MyatTheingarHtut t 4.2 Chain of command Every organization must have distinct authority and responsibility for different kinds of tasks. Thus, every employee can know to whom they report and management levels of the whole organization.Chain of command is important for this reason. Each employee should have his own authority and responsibility and how much he can make effort for the job. According to management level, delegation is the useful process for the managers. Good managers should delegate authority to the possible lower levels and give the chances to the subordinates. 4.3 Span of management Span of management means the number of employee reporting to a Supervisor. Our company’s span of management is based on seven subordinates per manager. Controlling level is closely involving with subordinates; it can get better team work form. 4.4 Centralization VS Decentralization To get the correct hierarchical level at which to make decisions,

Higher and Individual Education Schools Essay Example | Topics and Well Written Essays - 1500 words

Higher and Individual Education Schools - Essay Example As the report declares schools of higher education are similar in many aspects, which many people are aware of including registration processes, teaching programs and the relationship between students. This is irrespective of whether they are universities, middle level colleges or community schools. Other similarities across the schools that offer higher education include the use of cards to enter various departments and to access various facilities such as libraries and computer rooms, the selection of courses according to one’s abilities, interests and talents in addition to the use of course timetable with respect to place, time and classroom.This paper stresses that  these schools of higher education are not deficient of differences, some of the notable ones being in matters pertaining to accommodation and meals. As regards students’ accommodation, all schools admit students based on bed capacity. However, it is clear that owing to the eminent limitation of space and student hostels, many colleges have allowed students to seek accommodation outside of their school confines, which means that students operate from outside the school, completely independent of the school management. This has become very attractive and students in these schools have now preferred even to share a house out of the school confines and operate from there than to have accommodation in the school premises.

Organizing for uncertainties in a dynamic market Assignment

Organizing for uncertainties in a dynamic market - Assignment Example The author further argues that dynamic environment provide the best opportunistic environment in the corporate world. However, dynamic environments need proper management since they are accompanied by many uncertainties. Many project portfolios fail due to dynamic environment. The article describes how dynamic environments can easily destroy a project portfolio. From the evidence provided in the article, one project out of five ventured in a dynamic environment have failed due to poor management. Coming up with project portfolios require a lot of consideration with the type environment a project location is based. The issue behind dynamic environment is the management of the uncertainties presented by this environment. In words by Yvan (2012) the richness in opportunities the dynamic environment presents are the same uncertainties resented by the same environment. Characteristics in a dynamic environment include high level of profits in one season while the fate of other financial ye ars is unknown. This uncertainty makes it essential to have programs and strategies to manage their project portfolio. To curb this problem the article involves the use of dynamics capabilities frameworks. These frameworks are aimed at studying project portfolios in dynamic environments. ... The dynamic capabilities frameworks are aimed to achieve three prospects: Provision of a better understanding on the management of projects facing uncertainties. Analyzing the relationship between the measures put in place by organizations to minimize the impact caused by uncertainties and the sources of uncertainty in dynamic environments. Provide recommendations and possible improvements in the standards and models of project portfolios. From the author of the article these three objectives can secure an organization’s assets in any case of an occurrence of an uncertainty. If the assets are not completely secured they effects of the uncertainties are also minimized. Project managers are therefore advised on how to ensure a proper implementation of the dynamic capabilities frameworks. In some cases these frameworks only involves means of insurance in any occurrence of risk. In the dynamic environment, the frameworks are more important since projects require total quality mana gement. According to Yvan (2012) the completion of projects depends mainly on the ability of the project manager to foresee the transition from and to each face of the project. This is made easier by the implementation of the dynamic capabilities framework. From the article, there are claims that project management in dynamic environments. Organization and project doing enough to ensure that project portfolio are being managed effectively. This is after many approaches have been developed. Do project managers have the intent of making projects suitable for the dynamic environment? Having successful projects portfolio also includes having proper organizing mechanisms in the organization. Proper organization mechanisms include the methods of

Personal Values, Motivations, and Emotional Intelligence Essay

Personal Values, Motivations, and Emotional Intelligence - Essay Example From the results of the Disc Assessment, it was revealed that the highest Disc dimension which exemplifies one’s personality is dominance and the classical pattern is a results-oriented pattern (Laureate Education, Inc., 2013). These results are therefore aligned with personal values and motivational drives for achievement. As a result-oriented person, the strengths included: exuding self-confidence, quick thinking abilities, determined and persistent, direct, focused, and individualistic. The weaknesses allegedly include: impatience, fault-finders, could be perceived as blunt and uncaring (Laureate Education, Inc., 2013). Thus, emotional intelligence could be perceived as needing improvement due to the innate ability to achieve tasks and responsibilities individually and independently; rather than reliance on other people. All of these values, motivational drives, and emotional intelligence results were found to be exhibited in the work setting. For instance, one’s previous work in a healthcare institution has proven conformity to ethical, moral, and legal standards, as well as abiding with indicated values through adherence to the organization’s policies and procedures. As a healthcare institution, it was specifically guided by standards proposed by the Joint Commission, which focuses on providing a high quality of patient care (The Joint Commission, 2013). One’s personal values were most appreciated and applicable in the healthcare setting and aligned with motivational drives of being a high achiever. One was tasked to undertake assigned responsibilities and submit reportorial documents in prescribed time frames. Likewise, all endeavors were observed to be undertaken in conjunction with the need to satisfy the needs of the patients and of the people one gets to interact with.

Tork uk ltd Essay Example | Topics and Well Written Essays - 2000 words

Tork uk ltd - Essay Example Part 1 a) Develop a more aggressive marketplace positioning strategy. In order to find out an effective marketing strategy for TORC, it is important to understand its present position within the marketplace. â€Å"Strategy is a proprietary set of actions that serve targeted customers better than competition, while strategic positioning consists in defining the focus point of a company’s resources† (Strategic Positioning, 2013, n.p.). TORC consists of a large customer range which incorporates huge sections of the public and also different organizations. It has been observed that the products reach the general through their retail outlets and that they are made available to large corporations through their sales engineers. The Ansoff product or market matrix is used for determining the opportunities for growth of the organization. At present, TORC is presently deliberating the merits of online business by a mail order subsidiary. â€Å"Ansoff’s product/market grow th matrix suggests that a business’ attempts to grow depend on whether it markets new or existing products in new or existing markets† (TORC UK Ltd. Essay, 2003-2011, n.p). ... b) Introduce a rationalized product range to exploit the higher turnover available from more profitable products. Product development is an area which the TORC can investigate and find out what strategies to employ in order to attain a better market position. An opportunity has to be taken to diversify the existing products .For example, raising interest in females, children etc by modifying the products to suit their tastes. TORC has established its brand name already with high quality through its retail outlets that sell assorted goods in order to entice new customers. An increased influence from gardening, home improvement programmes and television have seen the new customer target base endeavoring to the male domain, but, however is trying to maintain their femininity and hence does not want to handle heavy tools presently available. Packaging of products also plays a crucial role to attract the customers, as it is based on the appeal of the end product that they buy it. â€Å"P roduct Development plays a critical role in ensuring a company's future growth potential† (Product Development Overview, n.d, n.p). The sales engineers will also have to inform the customers that there exist new products with reputed brand image and they have to explain the way in which they compliment the range. Even though the knowledge of entry into new distribution channels is limited, the development of an existing product that produces high profits and distinguishes itself with quality would entrench itself into any market arena. c) Develop a marketing promotion campaign to include an on-line intranet and extranet capability in order to serve more international markets. Even though

Human Resource Management Essay Example | Topics and Well Written Essays - 1500 words - 10

Human Resource Management - Essay Example 155). Human resource planning is the process in which the organization determines and lays strategies to acquire, and maintain the right quantities of human resource pool, in the right ratios of skills ,character and knowledge to fit the organization demands at current and in the future .In a period of recession the strategies employed largely depend on the mission, vision as well as its strategies and functions .Organizations will in most times plan in anticipation of a recession .most organizations result to more efficient utilization of the available human capital especially in states in which large payoffs are required in cases of lay offs .It is inescapable to lay off in cases of large loss making sessions as has been experienced by ZAIN mobile company which operate in parts of Asia and Africa (Punnett, 2004, p. 155).. The other strategy is diversification of product lines to produce more demanded goods such as consumable goods. Companies usually take a thorough evaluation of their product or services and take note of their potential risks .survey conducted in over 130 firms in Europe and America including Microsoft corporation shows that firms engage in revenue generating rather than cost cutting strategies ,this however is common to small startup firms with large widespread firms engaging in cost cutting strategies such as low investment thus cutting on new recruitments .In response to their new skills requirement they result in hiring on contractual basis ,and limited to specific skills .Generally during recession most firms engage in short term human resource planning due to the uncertainties associated with recession ,a good example is the General motors company (Storey, 1999, p. 130). It should be noted that firm sizes affects their response to human resource planning which is largely based on firm size

The Judiciary Committee of the Virginia State Bar Association Essay

The Judiciary Committee of the Virginia State Bar Association - Essay Example The membership of the Virginia State Bar is restricted to five categories that are active members, associate members, disabled and retired members, judicial members, and the emeritus members. Each group of members has defined roles and responsibilities that are aimed at ensuring the Bar’s responsibility to the state is achieved in the most integrated way possible. Members also belong to different committees with the Judicial Candidate Evaluation Committee being responsible for the consideration and search of appropriate nominees to fill any judicial vacancies. The constitution of the committee is thirteen active members. These members are carefully selected to ensure that each of the ten existing disciplinary districts in Virginia is represented, while the other three are from the state. Each member’s election restricts them to remain in office for only three year terms after which they are no longer eligible candidates. In addition, the election of the committee members is by the Council upon the recommendation of the nominating committee.

Final Film Critique The notebook Movie Review Example | Topics and Well Written Essays - 1750 words

Final Film Critique The notebook - Movie Review Example Certain scenes of the movie have immense importance and director of the film should be applauded for it. The objective of the paper remains to examine all the sections of the movies with critique eye, discuss its enormity and impact on the society and present a concise conclusion. Story Telling The movie has been shot in an elegant way. The movie starts off by an old man named Duke is telling a story to an old woman about true love in a nursing home. Duke is telling the story from the notebook which he posses. The year of the story is depicted as 1940 and location is Seabrook Island, South Carolina. Noah, a country boy falls in love with Allie Hamilton. They first witness each other at a carnival. They started an affair without telling their parents. Love from both ends was colossal. Noah is desperate to get married with Allie and expresses his true feelings. Allie is also seriously in love with Noah. The future plans of Noah are to give Allie wonderful living however his current financial position is not stable. He takes her to an abandoned house and tells her that he’ll purchase this house one day for her. Allie knew about Noah’s true intentions and asks her to make love (Nicholas, 2012). On the other hand Allie parents started looking for her with the police and found them. Allie is scolded from her parents for making out with Noah. They ban her from seeing Noah and tell her that he is not suitable for you. Allie is not satisfied with her parent’s decision. Anne- Allie’s mother is eager to separate both of them for which they move to Charleston, very next morning. Noah’s love does not decrease after such setback but her writes letter to Allie every day. Anne keeps the letters to herself and does not inform Allie in this whole time spam. Meanwhile Allie is disappointed by Noah for not writing any letter and not showing up at Charleston. The World War II era starts, in which Noah participates and Allie worked as volunteer to help the wounded soldiers. Allie meets Lon Hammond who is lawyer by profession. Allie’s parents wanted them both to be engaged; eventually Allie and Lon get married. Noah’s father sold the house so that his sonâ⠂¬â„¢s wish of purchasing abandoned house would come true. Noah after returning from the war watches the whole scenario and thanks his father. Noah visits Charleston where he watches Allie and Lon playing cards. Noah comes back to Seabrook, completes the abandoned house and gives an ad in the newspaper (Nicholas, 2012). Allie after watching the ad comes back to Seabrook where he meets Noah. The next day, Anne appears and tells Allie that Lon is in the town to take her back. While going towards Lon, Anne shows all the letters of Noah to Allie. Allie is shocked from watching the letters and confesses to Lon about her love towards Noah. Lon wanted Allie to stay but Allie wanted to live rest of her life with Noah. The old woman shown in the movie is basically Allie and the

Economic Miracle in Japan Essay Example | Topics and Well Written Essays - 2250 words

Economic Miracle in Japan - Essay Example Although by definition, a miracle is inexplicable, the basic cause behind Japan's economic success can perhaps be explained in simple terms: the indomitable desire of the Japanese people to grow, their deeply persistent will to succeed at any cost. Between 1945 and 1970, the Japanese economy sustained an unprecedented annual growth rate of nearly ten percent on average (Kosai). But this in itself would seem like a minor detail in comparison to the stupendous driving force that compelled the Japanese people to race towards technological excellence and economic supremacy, most notably during 1960's. In the second-half of 1960's Japan reached a peak of economic progress, with an average of nearly 12% real annual growth rate. And for nearly 40 years surrounding this peak period, the country and its people subordinated all other goals in order to single-mindedly pursue their ambition of catching up with the U.S. economy (Crawford). In fact, their ambition knew no bounds; the aggressive st rain so characteristic of Japanese men, which was employed for the purposes of destruction during the War, was rechannelled into more positive and constructive directions during the years of the economic boom. Consequently, Japan thrived, and even today, as well as for geneartions to come, represents a legendary story of success, an inspiration and exemplar for scores of developing nations in Asia and elsewhere. In fact, Japan should become an inspiration to itself. If this nation could pull it off once - this so-called economic miracle - it can pull it off again. All it needs is a push! While circumstances associated with Japan's days of glory may be at sharp variance from those of today, and while many of its past economic policies stand discredited today, and its culture too is changing fast - deep down, the spirit of this ancient nation remains as powerfully vital as ever. Above all, miracles have to do with spirit - of which Japan perhaps does not need too much before it again becomes a force to be reckoned with. Factors contributing to Japan's High Growth Rate: Although Japan's spectacular economic growth culminating towards the end of 1960's may initially give the impression of not being subject to rational analysis, in the same manner as a painting of supreme artisitry or as a deeply touching Zen haiku, it too is as much a cause-and-effect phenomenon as any other worldly matter. Japan is the purest example of what has become known as a producer economic state. But what lies behind this country's remarkable and record-breaking productivity levels Advances in knowledge, for one thing. Japan's economic success was achieved to a great extent on the basis of a superior technological know-how. The Japanese had the intellectual capacity to soak in vast amounts of knowledge necessary to stay at par with any other nation in our modern techonology-dominated world - and they put their intellects at the service of technology with a vengeance. They not only were able to ingeniously adopt the latest technologies, they actually adapted it to their own needs, and were moreover setting a number of innovative trends in a wide variety of technology-intensive industries. But even more than the share of knowledge, at least

Microsoft Environment Analysis Essay Example for Free

Microsoft Environment Analysis Essay 1. The five vulnerabilities that exist for this LAN based workgroup are 2755801, 2501696, 2588513 2639658, 2659883. 2. Yes, the vulnerability that involves privilege elevation is 2639658 (Vulnerability in TrueType Font Parsing), but it is not a high priority. 3. 2719662 Solution: Workarounds refer to a setting or configuration change that does not correct the underlying issue but would help block known attack vectors before a security update is available. Apply the Microsoft Fix it solution that blocks the attack vector for this vulnerability. Disable Sidebar in Group Policy. Disable the Sidebar in the system registry. 2737111 Solution: Workarounds refer to a setting or configuration change that does not correct the underlying issue but would help block known attack vectors before a security update is available. Disable WebReady document view for Exchange. 2755801 Solution: Workaround refers to a setting or configuration change that would help block known attack vectors before you apply the update. Prevent Adobe Flash Player from running. Prevent Adobe Flash Player from running on Internet Explorer 10 through Group Policy on Windows 8 and Windows Server 2012. Prevent Adobe Flash Player from running in Office 2010 on Windows 8 and Windows Server 2012. Prevent ActiveX controls from running in Office 2007 and Office 2010. Set Internet and Local intranet security zone settings to High to block ActiveX Controls and Active Scripting in these zones. Configure Internet Explorer to prompt before running Active Scripting or to disable Active Scripting in the Internet and Local intranet security zone.

Development As Freedom A Review Sociology Essay

Development As Freedom A Review Sociology Essay The author conceptualizes development as the gap between an exclusive concentration on economic wealth and a broader focus on the lives we can lead (p.14) emphasizing that the theory of development goes well beyond wealth accumulation and gross national product growth. The chapter examines the relationship between development and freedom, the way in which freedom is a component of development and an extensive view of freedom encompassing both opportunities that people have and processes that allow for freedom of decisions. The main arguments of the author is that development should be assessed by freedom of accessibility to factors such as social opportunities, health care, clean water, economic security, civil rights and political freedom. Lack of accessibility means unfreedom. Development therefore should mean that people can live the lives they want to live and precisely, how can a nation say in all entirety that it has freedom when its citizens cannot afford the very basic necessities of life or fulfill the rights they are entitled to? Sen goes on further to compare different views of poverty in both developing and developed nation by analyzing freedoms through values, poverty and inequality, income and mortality, markets and freedom, tradition and culture. The author sees the process of development beyond economic growth or physical and human capital and concludes by linking the understanding of a broad view of the development process to the substantive freedoms of people. Sens write up contains intriguing views but he hasnt mentioned what justifies his classification into these freedoms i.e. experience of developing countries, factual historical evidence or how far freedom has progressed within each context he identified. His definition is quite different from Rapleys in which Rapley describes development as more concerned with flexibility and adaptability (Rapley 2007 pp 5) and so raises a question. Can development be measured only by individual happiness without economic growth and stability? Happiness, in my opinion is geared more towards Rapleys definition and should be adapted into the process of economic growth. Willis, K. (2005) Theories and Practices of Development. London. Routledge. p. 32-42. Willis chapter 2 of theories and practices of development analyses development theories and practices and how these theories were attached to the economic, social and political theories that developed in Europe from the 18th century. Williss interpretation raises some interesting facts about historical development of theories and she divides her study into various theories. The classical economists such as David Ricardo, an advocate of free trade and Adam Smith, in his famous book, Wealth of Nations responded to the trade focus of economic policy at that time (p.32) when trade was a major factor of economic growth. Here, protectionist measures such as high tariffs were highly used by merchants. Willis goes on to say Adam Smith was not in favour of this form of regulation and that it was harmful to the countrys economic growth. Instead, greater focus on production and division of labour which will be regulated by the invisible hand of the market (p.33). The Great depression of the 1930s and other economic happenings gave rise to Keynes argument of the free market not necessarily a positive force but government intervention in the promotion of economic growth while postwar reconstruction period was a time to reflect on the economic crises that occurred at that time and provide solutions to their re-occurrence. This led to the creation of the Bretton woods institutions to assist in the promotion of stable economic growth within a capitalist system (p. 36) Willis describes the linear stages theory and makes emphasis on Rostow, the American economist and political theorists stages of Economic growth to development. Here, development was seen as a state where a large number of the population could afford to spend largely on consumer products and development was viewed as modern, moving from agricultural societies to an industrial economy. While she tries to decipher early theoretical ideas, Willis has not made clear linkages between some of these theories and how they have come to evolve in economic debates and discussions over time. Chang, H., and Ilene G. (2004) Reclaiming Development from the Washington Consensus, Journal of Post Keynesian Economics, 27(2), 274-291. The fundamental of this article is to correct the notion that there is no alternative to the Washington Consensus. The authors argue that neoliberal policies have failed to achieve their goals in developing world (p. 274) and so discuss the major development myths for justifying neoliberal policies that have been harmful to developing world and perhaps as a complacency to the reader, possible alternatives to these policies. These myths, evaluated individually, describe how these policies have lacked credibility. Myth 1; In contrast to the neoliberal policy success, the reality is that the policy has not promoted its main aim of economic growth. Myth 2; Developed countries gained success through free market policies whereas records claim they relied upon interventionist policies for development. Myth 3; Only neoliberal policies can succeed in todays global environment whereas in fact there is evidence of continuing institutional and policy divergence across national boundaries (p. 277) Myth 4; Discipline imposed by international institutions to keep them honest whereby placing policy making authority in the hands of these organizations. Myth 5; The East Asian model cannot be replicated when in fact most developed countries utilized this model. Myth 6; Developing countries should imitate the Anglo American model of capitalism which fared poorly in the economic boom of the 1990s. The authors went ahead to put forward alternative policies for faster economic development which includes the financial system providing adequate finance quantities for investment projects at appropriate prices, enforcing strict laws on new foreign loans incurred by domestic borrowers, defocusing on budget balance and maximizing FDI potentials to promote economic and industrial development in developing countries While arguing for these policies, it will be sensible to note that economies are different and there can be no best practice policy that everyone should use (Chang 2003). Policies for development should not be fixed but depend on stages of development of a developing nation and other factors such as resource capacity, economic, political and social conditions. Pender, J. (2001) From Structural Adjustment to Comprehensive Development Framework: Conditionality Transformed? Third World Quarterly, 22 (3), 397-411. Pender reviews how the World Banks approach to development has changed over decades and brought about important shifts to its conditionality approach. In the light of new changes between the 90s and today, the World Bank formulated a Comprehensive Development Framework, based on a relationship of partnership to replace its erstwhile structural adjustment lending (p. 397). The author examines why the World Banks perspectives of development changed through different periods; In the 1980s to early 90s, GDP was used as a measure of development as the Bank was mostly concerned with rapid economic growth and sustenance for least developed countries (LDC) and the adoption of policies such as restriction of state spending, controlling inflation, commodity exports and privatization as factors to achieve development. The 1990s drew lack of confidence in these policies and there were strong doubts about its competence judging from the success of the Asian Economies that developed rapidly without the World Banks policy prescriptions. This informed the Bank to change its 1980 view about minimal state role in development and that growth by itself is not enough (p 401). Thus in 1990, a formulation of an approach based on both labour intensive growth and widespread provision of basic social services (p.401). In spite of these alterations, there were criticisms that the Bank reforms were not aiding Africas growth but rather, increasing stagnant economies through the implementation of the Banks policies. According to Pender, the Bank lost confidence in its policy framework in early 1995, with the Asian miracle and LDCs failure and was forced to critique its own policies and re-orientate. This modification was experimented between 1995-1997 with improvements in the understanding of economic development and poverty reduction as the central focus. The author gives clear informed views of the process of policy change within the World Bank at different times but fails to analyze the impact of this new focus of poverty reduction and its success to the development of todays third world countries. Chang, H. (2003) Kicking away the ladder. Development Strategy in Historical Perspectives. London, Anthem Press. Chapter 1. Changs analysis centers around one question, How did the rich countries really become rich? He uncovers some myths about developed countries developmental experience and argues that developed countries did not develop through the same policies that they recommend to the developing world. This pressure from developed countries to the developing world to adopt a set of good policies that they adopted when they themselves were developing is faced with criticisms because historical evidence suggests otherwise and goes on to say that they are trying to hide the secret of their success (p. 2). Some of these policies include liberalization of trade, privatization, restrictive macroeconomic policies and deregulation but facts show that most of the developing countries used export subsidies and industry protection, industrial policies that the WTO disapproves in the present world. The USA and UK were examples of ardent users of these same policies frowned at in contrast to the free trade policies and free market they preach. Chang quotes List, the German economist that Britain was the first country to perfect the art of infant industry promotion which is the principle behind most countries journey to success (p. 3). He argues that developed countries, while alleging to recommend good policies to developing countries are actually trying to kick away the ladder of their own economic development. A conclusion is drawn on some methodological issues of David Ricardos neoliberal policies to Friedrich Lists infant industry argument that while developed countries preach Ricardo to developing nations, they actually pursued Lists policies in the past. Although Chang did not confront and compare works of economic historians e.g. L.E Birdzells How the West grew rich in relation to his How did the rich countries really become rich to identify similar or different conclusions, his examination of historical materials to reach important and interesting conclusions is a contribution that is immensely valuable to the current debates on development that will evidently challenge contemporary policies and enrich development theory.

EU Pharmacovigilance Legislation: An Overview

EU Pharmacovigilance Legislation: An Overview Susan Murphy As defined by the WHO, Pharmacovigilance is the science and activities relating to the detection, assessment, understanding and prevention of adverse reactions and other medicine related problems. Adverse effects are whereby medicines affect the body in an unintended and harmful way. Following on from this, the underlying objectives of EU pharmacovigilance legislation are to: prevent harm from adverse reactions in humans arising from the use of authorised medicinal products promote the safe and effective use of medicinal products, in particular through providing timely information about the safety of medicinal products to patients, healthcare professionals and the public. Pharmacovigilance is therefore an activity contributing to the protection of both patients and public health [1]. When a new medicine obtains marketing authorization (MA), the active substance has been tested and it has been concluded that the benefits of this new medicine outweigh the risks. There is a limited amount of information available after clinical trials so the decision to give MA is effectively a trade off between making a new medicine available as early as possible and waiting until as much as possible is know about the medicine. For testing, several hundreds or thousands of carefully selected patients will have participated in clinical trials. These trials take place under controlled conditions. However, once MA has been obtained, the medicine will now be used in normal healthcare settings where there will be many patients who may differ from those used in the population study (eg age difference, may be using other drugs, have disease interactions. and also there will be longer term effects of using the new medicine). So it is imperative to identify these new or changing risks as quickly as possible to take measures to minimize the risks to patients. [2] For companys there is a legal obligation to continuously collect data and conduct pharmacovigilance regarding any possible change to the risk-benefit balance of taking such a medicine. In this regard, pharmacovigilance regulation seeks to protect the public from emerging safety issues by monitoring the product throughout its lifetime so that it is safe and effective to use. The 2012 EU Pharmacovigilance Legislation [3] New legislation regarding pharmacovigilance came into effect in July 2012. This was the biggest change to the regulation of human medicines since 1995. Based on evidence that adverse drug reactions caused approx 197,000 deaths per year in the EU, the EC began a review of the European system of safety monitoring (an independent study with extensive public consultation) This resulted in a 2010 directive and regulation, Directive 2010/84/EU Regulation (EU) No 1235/2012 which amended the existing pharmacovigilance laws 2001/83/EC and regulation (EC) No. 726/2004. This was accompanied by the implementation regulation published in June 2012 which provided operational aspects for the new legislation (no 520/2012 19th June 2012) A further amendment was carried out in Oct 2012 following a review of the withdrawal of the medicine Mediator (benfluorex) a diabetes drug with a coronary side effect, where it was felt that the risk now outweighed the limited benefit. The amendments aimed to further protect the patients health by allowing prompt notification and assessment of patient issues. The aim of the legislation was to reduce the number of Adverse Drug reactions via Collecting data on the effects of a given medicine from a wider net Rapid and robust assessment of issues Effective regulatory action to deliver safe and effective use of medicines Better patient involvement through feedback and reporting More transparency on the effects and safety of medicines concerned For MA applicants and holders the new legislation would: Makes their roles and responsibilities clear Minimize duplication of effort Free up resources by rationalizing and simplifying reporting on safety issues Clear legal framework for post authorisation modifying In short, the main aim of the legislation was to reduce the human and financial cost burden of adverse drug reactions, to strengthen patient involvement in monitoring medicines and to make the public strongly aware of the risk-benefit nature of taking medicines. New Concepts introduced in the 2012 Pharmacovigilance Legislation The concept of additional monitoring and the black symbol were introduced by the new EU laws on the safety-monitoring of medicines, (called the pharmacovigilance legislation,) which started to come into effect in 2012. Any new medicine authorised after 1 September 2013 that is subject to additional monitoring must display the black symbol in the package leaflet and the summary of product characteristics when it is placed on the EU market. Also any educational materials relating to this medicine should indicate its additional monitoring status. The legislation affects medicines authorised in the EU after 1 January 2011. Due to this, a transition period for medicines authorised between January 2011 and August 2013 was allowed whilst companies their updated packaging and gradually phased in the new leaflets. Medicines under additional monitoring [4] This is a new process to label medicines that are being monitored closely by the regulatory authorities. A solid black upside down triangle displayed on the package leaflet and information for healthcare professionals indicates that the medicine is undergoing additional monitoring. The symbol started to appear in late 2013. A medicine may be subject to additional monitoring because Not as much data is available with this medicine Less information is available on the long term impact of using this medicine Does not imply that the medicine is unsafe. This label is now always applied for: Any new API authorized after Jan 2011 Any biological medicine authorized after Jan 2011 For medicines authorised under exceptional circumstances If there are rare side effects seen during the trial or long term usage effects which warrant more information gathering. A medicine subject to such monitoring, can remain on the Medicines subject to additional monitoring list published by the EMA for up to 5 years. Why are medicines monitored after approval? Marketing approval is granted to medicines on the basis of clinical trial results. These consist of a small number of patients trialled under controlled conditions over a relatively short period of time. In real life, however a more diverse group of people will use the medicine and there may be different interactions plus the effects of longer term use. To take any rare or long term side effects which may then come to light into account, it is vital to continue to monitor the safety of all medicines whilst they are in commercial use. Information is continuously collected after a medicine is placed on the market to monitor real-life experience with the product. European regulatory authorities closely monitor this information to make sure that the benefits of medicines continue to outweigh their risks. Standardised monitoring methods are used across the EU so that information can be effectively shared by the member states regulatory authorities. This provides a wealth of knowledge for regulators to rely upon when making decisions, and enables a rapid response when required, such as providing warnings about the medicine or restricting its usage. Reporting side effects Reporting suspected side effects is an important way to gather more information on medicines on the market. Regulatory authorities look at reports of side effects alongside all the information they already have to make sure that the benefits of medicines remain greater than their risks and to take any necessary action. Patients and healthcare professionals are encouraged to report suspected side effects seen with any medicine. Under the new pharmacovigilance legislation, patients have the right to report suspected side effects directly to the national medicines regulatory authorities in their country if they wish. The onus is on the company to provide information on how to do this on their package leaflet. The black triangle makes it possible to quickly identify medicines that are subject to additional monitoring, encouraging end users to feed back any adverse effects .This allows new data to be analysed in a rapid and robust manner. [5] Update on effect of 2012 Pharmacovigilance Legislation A report published in 2014 summarised the key effects of introducing the new legislation [6]. The most notable of these were (during the reporting period 2012-2013) Adverse Drug reaction reporting has increased by > 175,000 more individual case safety reports > 9,000 more patient reports Label Changes from more that 47% of signals reported By August 2013 119 medicines were listed under additional monitoring list. Major public health reviews have been initiated on combined hormonal contraceptives, codeine-containing products and tetrazepam to name but a few. Better information is now available via the agencys website for therapeutic decision making Conclusion The aim of the Pharmacovigilance legislation is to enhance patient care and safety with regard to medicines and to support public health programs by providing balanced reliable information. Real life use of medicines only happens once professionals begin to prescribe or dispense. It is vital that the safety of all medicines is monitored throughout their lifetime. Adverse drug reactions account for 5% of all hospital admissions and are the 5th most common cause of hospital death. For EU citizens, the goal of the new pharmacovigilance legislation is to Strengthen patient involvement in the monitoring of medicines. This allows for continuous feedback on the effects of taking medicines through its lifecyle and consequently rapid and robust assessment of issues. Reduce the burden of ADRs Inform and engage citizens on the risk/benefit aspect of taking medicines. Full implementation is expected to save between 500 and 5000 lives a year with a cost saving to society of between â‚ ¬250million and â‚ ¬2.5billion per year [7]. There is concrete evidence that the new legislation is bringing about changes that will lead to improvement in public health. This is demonstrated by greater clarity on the roles and responsibilities for the parties involved in pharmacovigilance (MA applicants and holders, EMA, EU and member state regulatory authorities) and also greater transparency on medicine safety for the patient. This serves to increase the understanding and trust of both patients and healthcare workers on the safe and effective use of medicines in the EU[6]. References [1]Â  http://www.ema.europa.eu/docs/en_GB/document_library/Other/2014/09/WC500172403.pdf [2] EMA Pharmacoviglience 2013 23/03/2013 NC50010423.pdf [3]http://www.ema.europa.eu/ema/index.jsp?curl=pages/special_topics/general/general_content_000491.jspmid=WC0b01ac058058f32d [4]http://www.ema.europa.eu/docs/en_GB/document_library/Other/2013/04/WC500142430.pdf [5]http://www.ema.europa.eu (Medicines under additional monitoring) [6]Â  http://ec.europa.eu/health/files/pharmacovigilance/2014_ema_oneyear_pharmacov_en.pdf [7]Â  http://www.ema.europa.eu/docs/en_GB/document_library/Presentation/2013/01/WC500137839.pdf

Stereotypes is Jack Davis-No Sugar :: essays research papers

Stereotypes in Jack Davis-No Sugar. The characters in Jack Davis' play "No Sugar" are characters that fit colonial stereotypes (both Aboriginals and Whites) although they seem to be exaggerated. Contrasting characters reveal Ideological ideas and attitudes through things like language, often through conflict.40 The characters of White Australian descent tend to speak with pompous language, disguising their evil deeds behind kind phrases. The most obvious example of this is the character Mr. Neville. He states, with refined language, in (Act One Scene Two), that: †¦"if you provide the native the basic accoutrements of civilization, you’re halfway to civilizing him." This reveals a belief that Whites are unquestionably superior and that any previous Aboriginal civilization was irrelevant. The pompous statement of the Whites are juxta-posed against the more crude and blunt comments of Aboriginal characters .to show the audience the belief that whites are superior.103 The character of Mr. Neal seems like a cruel evil man which is the way the Aboriginals would probably have viewed Whites (he is a stereotype) Neal believes blacks are worthless, he lives by the words of J. Ernest Regan, that: "a little knowledge is a dangerous thing" (Act Four Scene Four), instead of trying to better Aboriginals and help them he is trying to suppress them and keep them ignorant so they will not turn into a threat to him or Whites in general. His wife Matron seems like a kind caring person, like a mother figure which is how the audience expects a Matron to be. Their conflicting beliefs (Matron promotes the idea of improving aboriginals, Mr Neal promotes ignorance and suppression) causes conflict Neal "I can’t see anything funny about this" Matron "I know you can’t" (Act two Scene Ten).143 Mr. Neal’s beliefs also conflict with the beliefs of Sister Eileen.† What do you mean that you don’t encourage natives to read?" Mr. Neal â€Å"That’s right" (Act four Scene four). She also disagrees on the methods he uses "the use of violence by your native policemen.....I’d prefer they came on their own free will" (Act four Scene four) Sister Eileen believes in improving the natives which is completely opposite to the belief held by Mr. Neal that natives should remain ignorant. Mr. Neal resents Sister Eileen’s input "bloody do-gooders" and threatens her when she speaks out "I could arrange a transfer for you to another settlement; perhaps Mulla Bulla on the edge of the Gibson Desert†. Stereotypes is Jack Davis-No Sugar :: essays research papers Stereotypes in Jack Davis-No Sugar. The characters in Jack Davis' play "No Sugar" are characters that fit colonial stereotypes (both Aboriginals and Whites) although they seem to be exaggerated. Contrasting characters reveal Ideological ideas and attitudes through things like language, often through conflict.40 The characters of White Australian descent tend to speak with pompous language, disguising their evil deeds behind kind phrases. The most obvious example of this is the character Mr. Neville. He states, with refined language, in (Act One Scene Two), that: †¦"if you provide the native the basic accoutrements of civilization, you’re halfway to civilizing him." This reveals a belief that Whites are unquestionably superior and that any previous Aboriginal civilization was irrelevant. The pompous statement of the Whites are juxta-posed against the more crude and blunt comments of Aboriginal characters .to show the audience the belief that whites are superior.103 The character of Mr. Neal seems like a cruel evil man which is the way the Aboriginals would probably have viewed Whites (he is a stereotype) Neal believes blacks are worthless, he lives by the words of J. Ernest Regan, that: "a little knowledge is a dangerous thing" (Act Four Scene Four), instead of trying to better Aboriginals and help them he is trying to suppress them and keep them ignorant so they will not turn into a threat to him or Whites in general. His wife Matron seems like a kind caring person, like a mother figure which is how the audience expects a Matron to be. Their conflicting beliefs (Matron promotes the idea of improving aboriginals, Mr Neal promotes ignorance and suppression) causes conflict Neal "I can’t see anything funny about this" Matron "I know you can’t" (Act two Scene Ten).143 Mr. Neal’s beliefs also conflict with the beliefs of Sister Eileen.† What do you mean that you don’t encourage natives to read?" Mr. Neal â€Å"That’s right" (Act four Scene four). She also disagrees on the methods he uses "the use of violence by your native policemen.....I’d prefer they came on their own free will" (Act four Scene four) Sister Eileen believes in improving the natives which is completely opposite to the belief held by Mr. Neal that natives should remain ignorant. Mr. Neal resents Sister Eileen’s input "bloody do-gooders" and threatens her when she speaks out "I could arrange a transfer for you to another settlement; perhaps Mulla Bulla on the edge of the Gibson Desert†.

The Definition of Success Essay examples -- Expository Definition Essay

What is success? How does one succeed in life? A few moments' thought will convince us that the question is by no means an easy one to answer. We say this, that, or the other man is successful, but what do we mean by it? One man has houses and lands, has a large bank account, drives fast horses and has many apparent friends, such a man is accounted successful. Yet all of these things that minister to his pleasure have been acquired by unremitting labor, by hard, avaricious dealings with his fellow-men, by trampling upon the hearts and affections of thousands; in the face of these facts is the man a successful one? The question will be answered differently, according; to the views of life of the one answering it. Some think wealth is the only measure of success no matter how attained. Su...

The Second World War (WWII) - Causes And Effects Essay -- World War 2

World War II: Causes, and Affects In the history of the world there are many occurrences that have changed life and the world, as we know it. The history of conflicts in the world is just as long as the histories of man have bee recorded. From the beginning the human species survived off of conflict (between various predators and the environment) and has been nourished by the fruits of war since before the rise of the Roman Empire. World conquest has been the goal of many great generals and a great many Kings. Through the years there were many conflicts that were thought to be the worst that ever was and the worst that would ever be (World War I in particular). World war two is said to be the war to end all wars, because of the leaders, the technology, and the effects the war had on the world. World War II began in 1939. The devastation and destruction caused in this conflict will have a total global effect. The war itself will require many countries to commit all of their military and financial assets in the production of war equipment and in fighting. This was the first war that had civilian death rates that exceeded all previously set records, and from any war since. The battlefield in world war two included all of the territory in the country. The days of strictly trench and open field battles were a thing of the past. The location of battles and bombings included strictly military sites and also various other locations that were essential to the life and economy of the country involved. The reason this war was different from al of the other wars of the past was that the weaponry has changed from the conventional to the extraordinary. The causes of World War II are linked closely to the end of World War I. The trouble began when the Treaty of Versailles was written. The Treaty of Versailles was written by the powers that won World War I (Britain, France, and US). They divided Europe up as they saw fit and reduced the territory held by Germany to less than before its series of conquests. The Germans lost all of their colonies and one eighth of its land in Europe (Encarta 98). Italy profited from the war, Italy gained land and power (but still wanted more). The French wanted to make Germany pay the maximum penalty for its four-year occupation of France that began in 1914(Strauss 14). The German Government was given orders to pay restitution to the countr... ...tomic weapon is detonated in a city.   Ã‚  Ã‚  Ã‚  Ã‚  World war two is said to be the war to end all wars, because of the leaders, the technology, and the effects the war had on the world. World War II cost the world more lives, and property than any other war before. It was the testing ground for weapons of such horrible destructive power that if they were ever to be used again it would probably be the end of the world. The war involved sixty-one countries, 1.7 billion people, 110 million military personnel, left over 60 million dead, 35 million of the dead were civilian casualties, and the war cost over 1 trillion dollars. If a war ever occurs that could possible top all of those statistics and numbers it would most likely be the end of civilization, as we know it and of life on this earth as we know it. Works Cited Grolier’s Electronic Encyclopedia. CD-ROM. New York: 1994 Microsoft Encarta 98 Encyclopedia. CD-ROM. New York: Microsoft,1998  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"World War II†. World Book Encyclopedia. 1996 ed. Strauss, Martin L. Gestapo:Stories of Terror. New York: Free, 1992. Johnson, Michelle F. The Cost of Liberty. Philadelphia: Associated Press, 1935.

Nando`S Marketing Mix Essay

1.1 (1) The cost varience report is a listing of allowable expenses compared with the actual expenses incurred. (2) The actual unit cost is the cost of producing a single products or unit measure of output or service. The budget unit cost is a plan or forecast, of a single unit measure of output or service. The conclusion is that the cost of goods and services is more expensive. (3) The cost variable report can assist you to select the right cost by giving you the list of all the expenses and allowing you to choose which expenses to cut that may be less important. e.g the cost varience report may have electricity bill, goods and office refreshments. The list may help you decide which cost should be cut, in this case it would most likely be the office refreshments. 1.2 (1) the company is currently running at a loss R3000.00 loss. (2) Cash paid for operations costs (3) The business runs a lot on operations so it needs a lot of financing on that department. (4) Inventory is the raw material and products held in stock by a company in anticipation of future sales. (5) The difference between the cash flow statement and the income statement is that, the profit in the income statement is not the same as cash. Some of the items contributing to the profit have not yet been turned to cash and cannot be used to pay short-term debt. The cash-flow statement indicates whether the company is could pay all its debts for the year. It shows whether the company has enough cash flowing in to cover the required outflow. 1.3 (1) –Cash paid for inventory – Cash paid for other operations -Cash paid for insurance -Cash paid for selling (2) – Postpone spending. Spending is postponed to some date in the future when the need to cut costs is not as urgent. – Plug leaks. One of the tasks of the first-line managers is to find out where expenses are leaking through the controls, and then plug them up. Question 2 Product or service, that is, the product being developed and produced or the service being offered. In developing the product/service strategy the organization should consider the following: (1) The choice of service/product and the scope of the product/service range. If it is possible for an insurance company to offer a range of products in a specific category. (2) The feature of the product/service, such as design, style, size, colour and functionality. (3) The packaging of the product. Packaging serves two purposes, namely promoting and protecting the product. Packaging design can contribute to increased sales and is a vital part of the marketing strategy. (4) The branding of the product. Branding refers to the use of a brand name, term, symbol or design to distinguish the product from all other products. (5) Which products will be purchased or manufactured by the organization. (6) Service(s) to be offered to the customers and at what price. Price setting and pricing strategy. the price that a customer pays for a product or service should be comparable to the value of the customer or the benefits received by the customer from using the product or service. (1) Price setting The service of the product provider decides on the most appropriate price for the service/product. The price must cover the total cost plus some profit margin. (2) Pricing strategy Apart from taking cost into consideration when determining the price, you should also consider the market characteristics and the organisation’s current marketing strategy. These pricing strategies are found in the business environment and take the factors following into consideration: Penetration pricing. Services or products are priced below the usual long-term market price in order to gain market acceptance more rapidly or to increase existing market share. -Skimming pricing. Prices of services or products are initially set at higher levels for a limited period of time and then reduced to more competitive levels. -Follow-the-pricing-leader. The price is set by a particular competitor are used as the guidelines for setting a price for a service or product. -Variable pricing. Even thore a uniform price is advised, this pricing system allows you to offer price concessions selected customers for a variety of reasons. Flexible strategy. This takes into consideration special market conditions and competitor’s pricing practices. Promotion strategy to promote the organization and its services, the organization has to communicate with the existing customers and the potential customers. The purpose of marketing communication is as follows: (1) To inform the customers about the service and products (2) To persuade the customers to make use of such services and purchase the products or services. (3) To remind the customers to continue purchasing the products or services. The promotion mix consists of 5 elements: (1) advertising is paid-for communication related to the service, product or idea in different forms of media, namely the print nedia, radio, television, and outdoor billboards. (2) Personal selling is the oral presentation of information about a service, product or idea to one or more potential customers. (3) Publicity is free communication to influence consumers through the publicity media such as the press, radio and television. (4) Sales promotion complements the advertisng, personal selling and publicity to transmit the message to the potential consumers through the use of handouts, free samples and promotional gifts. (5) In direct marketing communication is aimed directly at the target market to elicit a response. Question 3 1) 2) Gannt charts are used to display the project master schedule and detailed task schedules. It can only be drawn up after work breakdown structure analysis has been completed as the work packages are used for the scheduling.

Milton Friedman

Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was born on July 31, 1912 in Brooklyn, New York. He was the forth and last child of Sarah Ethel and Jeno Saul Friedman. Friedman was known as an American economist and as a public intellectual who made major contributions throughout his lifetime to the fields that were related to macroeconomics, microeconomics, economic history as well as its statistics.Friedman’s family was a typical working class family of Jewish immigrants from Austria-Hungary. They lived in the United States and his family’s income was small and highly uncertain since it drastically varied from time to time. There was always a financial crisis at stake and change was a constant companion for them. However, there was always enough love, warmth, and food to feed the whole family.Along with his sister, he attended a public elementary and secondary school where he graduated from Rahway High School in 1928 before his 16th b irthday. Unfortunately his mother and two older sisters were in charge of supporting the family when Friedman’s father passed away during his senior year in high school. Friedman knew very well that his future was up to himself and he had to put double the effort to be able to finance everything himself.When he attended the Rutgers University, he was awarded with a competitive scholarship which helped him along the way allowing him to grate in 1932. Friedman personally states that he was, â€Å"†¦financing the rest of his college expenses by the usual mixture of waiting on tables, clerking in a retail store, occasional entrepreneurial ventures, and summer earnings.†[1] At first when the attended the university, he was specializing in mathematics with the sole purpose of becoming an actuary, but after failing several examinations, he started becoming more interested and intrigued in economics and eventually, he ended up majoring in both fields.It was later on in 19 46 when the Columbia University awarded him a Ph.D, allowing him to serve as a Professor of Economics at the University of Chicago one year later. He contributed in building a helpful intellectual community that produced a number of Nobel Prize winners that were later known as the Chicago School of Economics. Friedman also developed the Theory of the Consumption Function and along with the assistance of Simon Kuznets, they joined together to public Incomes from Independent Professional Practice. This book served as his doctoral dissertation at Colombia University, but they were not allowed to publish it 1940 and they had to wait after the war because the book created controversy since it introduced the concepts of permanent and transitory incomes.Like mentioned before, Friedman won the Nobel Prize in Economics for, â€Å"his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity analysis, monetary history and theo ry and for his demonstration of the complexity of stabilization policy.†[2] He was married to Rose Director in 1938 and she was the co-author of many of his books. They also had two children named Janet and David. David is now a philosopher and an economist just like his father. Milton Friedman died on November 16, 2006, at the age of 94 in San Francisco, California because of a severe heart failure.Nowadays, he is known as one of two most influential economists of the 20th century. In 1962, he published another book titled Capitalism and Freedom, where he demonstrated his support for minimizing the role of government in a free market promoting political as well as social freedom. Friedman has explained how the free market works revealing and explaining to others that this system, as opposed to any other, has been able to solve both social and political problems that have been adequately addressed. His book was published worldwide reaching to the hands of people that lived in a communist country.Friedman’s strong passion for freedom and liberty has influenced a lot of people, more than what he could have even imagined. His writings along with his ideas and speeches have reached the ears and minds of many US presidents, leaders around the world, entrepreneurs, students, and citizens of many countries.He was a member of the Reagan’s Economic Policy Advisory Board and with his theory of monetarism; he showed everyone his moral vision of life. He clarified to everyone that nation should be composed of free men and women, with freedom of choice, where the government is not necessarily authorized to override citizens decisions. Despite the fact that Friedman knew that his theories was attacked by many traditional economists, he still showed that he strongly favored a policy of steady and moderate growth in the money supply of the economy. He also opposed wage and price controls and criticized the FED for trying so hard to tune the economy.Through out Milton Friedman’s lifetime, he was written many famous books and among some of them were: Price Theory (1962), Capitalism and Freedom (1962), An Economist’s Protest (1972), There is No Such Thing as a Free Lunch (1975), and Free to Choose (1979). He also won many aware such as the John Bate Clark Medal in 1951, the Nobel Prize in Economics in 1976, the National Medal of Science in 1988, and the Presidential Medal of Freedom the same year. It can be seen that Friedman was an outspoken economist that influenced the lives of many others by defending and promoting his true beliefs in what and how a successful economy should really look like.Work CitedMilton Friedman: Autobiography. The Nobel Foundation 1976 2006.Milton Friedman, Nobel Prize-Winning Economist, Dies at 94. The New York Times. November 16, 2006.[1] Milton Friedman: Autobiography. The Nobel Foundation 1976. 2006

Biography of Dr.Jose Rizal

This is not so! To support this argument Michael Faraday is the perfect example. Faraday didn't receive a formal education, yet through the dint of hard work and sheer determination he became one of the 19'Th Century. Michael Faraday belonged to the poor family of a blacksmith. His parents were so poor that they were not able to send Faraday to school. At a time when all boys of his age went to school, Faraday was ngaged in menial work.Due to the crushing poverty of his family, Faraday was forced to take up several odd Jobs that taught him how to fend for himself when he was still a minor. However, in the course of time, Faradays hard work and a flair for science made him one of the most successful scientists of his time in England. Faraday took deep interest in science and made a significant contribution to the study of physics and chemistry. Faraday had an extraordinary number of ingenious ways to work out on scientific methods. This special ability of Faradays astonished many reno wned scientists of his time.Faraday was the first scientist who succeeded in liquefying a permanent gas. This was without doubt a great discovery of his time. Moreover, Faraday is much acclaimed for his major contribution to electricity and magnetism. It was Faraday who laid the foundation of the electric motor, the generator, the transformer, etc. As with physics Faraday was also interested In chemistry. He discovered benzene and used it for different purposes In fact, Faraday didn't have a university education; but he was still unanimously appointed professor of chemistry at the Royal Institution.This was the acknowledgement of his rofound knowledge and Ingenious capacity to deal with scientific methods. Faradays lectures on science were highly knowledge and fully of witty remarks. In order to give due respect to Michael Faraday, a unit of electricity was named after him. It is called â€Å"Farad† this Is the unit to measures an amount of electrical charge. In the course of time, Faraday developed generators and transformers which were regarded as major Inventions of 19'Th century. Not only this, Faraday Is also remembered for having coined new technical words used In electricity Ilke Ion, electrode, cathode, and anode etc.MICHAEL FARADAY was born on September 22, 1791, In Newington Butts, London In 1786. By profession, Mr. James Faraday and Mrs. Margaret Hastwell migrated from Clapham, Yorkshire, to London In 1786. By profession, Mr. James Faraday was a blacksmith, and he was managing to survive on a very meager Income. Faradays early childhood was spent In poverty and hardship. When Faraday was a young boy of ten, he saw all his playmates going to school. Like many other boys, Faraday also wanted go to school , therefore he repeatedly Implored his father to send him to school but his father would say , â€Å"next year†, and that next year never came.As a result , all his life Faraday was deprived of school and a university education. Actually Mr. Faraday wanted to send his son to school , but he was simply unable duo to his very poor financial state. HIS Income was quite low and also not very reliable. Due to such an erratic Income from his profession Mr. Faraday could not send his son to send him to a school. â€Å"l should do something to educate myself. † Although Faraday was not going to school, he had an unusual obsession for reading and collecting books of all kinds. His interest chiefly lay in science.He began to collect good books o matter how expensive they were and , to meet the expenses of buying books ; Faraday began to do all sorts of odd Jobs that came his way. Faradays love for books was well known among his friends. One fine morning, Faraday was going to a Job when he met one of his bosom pals, he informed Faraday about a Job opportunity available in a bookbinding shop. This was absolutely fabulous news for Faraday because he knew working in a bookbinding shop meant getting an opportunity to read plenty of books.Faraday immediately changed direction and headed towards the bookbinder's shop and asked the owner for the Job. The owner of the bookbinding shop was Mr. Riebau who was a kind man. He agreed to employ Faraday on a nominal wage, but for Faraday a Job in a bookbinding shop was more valuable than any wage. Faraday was extremely happy with his new Job. He would go to work well before the duty time and leave late in the evening. Faraday would also bring some books with him whose delivery was to be made little late. Faraday started serious study of any science books which fell into his hand.He had taken a keen interest in science , but especially in physics and chemistry. It became a routine for Faraday to study late into the night , but sometimes he would even remain awake for the whole night and read an entire book in a single sitting. Faraday worked in Mr. Riebau's bookbinding shop for over eight years. After 8 years of service in Mr. Riebau's shop , Faraday then Joined in Mr. De La Roche's bookbinding shop. Here too Faraday did his work with complete dedication and gave his mater no opportunity to make a complaint against him.During this period Faraday had successfully managed to collect his own personal library which he kept in his little bedroom where he would study physics and chemistry with complete dedication. While reading science and the works of great scientists , Faraday began to nurture a desire of becoming a scientists deep in his heart. One day a satisfied costumer gave a ticket to Faraday. The ticket was a gate-pass to attend lecture of Sir Humphrey Daw at Royal Institute. Faraday was very grateful to the gentleman who have him the ticket as he was very eager to attend the lectures.On the day of Daws lectures Faraday reached the hall almost an hour early and secure his seat in the first row so that he could see and hear Daws lecture clearly. One by one Faraday attended all the lectures of Sir. Humphrey Daw. Sir Humphrey Daws learned lectures left a profound impression on Faraday. While Sir Daw was delivering lectures , Faraday has noted down every single important fact in his notebook. Later he carefully studied those notes and wrote several pages which he made into a thick book and went straight to Humphrey Daws house.Faraday handed over this book to Sir Humphrey Daw and requested him to read in his leisure time. Sir Daw studied Faradays book and found it very interesting. A few days later Faraday asked Sir Daws opinion about his book , Sir Daw said he was impressed by his work and these words of Sir Daw were more than enough to nspire a young man like Faraday. Faradays meeting with Sir Daw left a good impression upon Sir Daws mind. A few months later Faraday sought a Job in Sir Daws laboratory, because he was eager to see scientific experiments close-up. as extremely glad as he had the opportunity to work under the guidance of Sir Daw, a renowned scientist of his time. Faraday was very delighted in order to i mprove his understanding of science. Sir Daw taught him several important aspects of physics and chemistry that tremendously helped to expand Faradays mental horizon . Sir Daw was also very satisfied at seeing Faradays rapid progress as he was picking up verything very quickly. After one year of hard work , Faraday has the opportunity to be one of the members of Sir Daws entourage on a European tour.On this important tour , Sir Daw delivered many erudite lectures that Faraday had noted down in his notebooks. Faraday had also received some rare opportunities to meet with some renowned scientists. Faraday duly capitalised on this opportunity to improve his scientific Knowledge. While Faraday was doing very well in science , Mrs. Daw never treated Faraday as more than a servant , but Faraday never made any complaint about her obnoxious behaviour to Sir Daw. Faraday remained a through gentleman all his life. Upon his return from the tour on 1815 , Faraday became even more ambitious to b e a scientist then he was before.Now he wanted to establish his own identity as a scientist rather than Just as a working assistant in Sir Daws laboratory. So Faraday began to study will all his ability. Faraday seriously began making a series of experiments until late into the night. On the basis of his long-time experiments and through study of science. He eventually developed electromagnetic rotations. Faraday showed his discoveries to Sir Daw and asked his opinion for its publication n the scientific Journal, but Sir Daw delayed giving his opinion on Faradays discoveries and that soured their relationship.Sir Daw did not acknowledge Faradays achievement at the first sight and never gave the ideas for this. Anyway , Faraday was most embarrassed at receiving such a cold reception from Sir Daw. However , without getting Sir Daws approval, Faraday published his works on electromagnetic rotation. When Faradays papers were published in a reputed science Journal, Sir Daw blamed Faraday for publishing his papers without his acknowledgement. After the publication of Faradays papers in the science Journal hose scientists who disliked Faraday accused him of stealing or plagiarizing the ideas of other scientists.Faraday did not lend an ear to the clamor his opponents were making, Instead Faraday went on with more experiments and published many scientific papers in several Journals. Faraday succeeded to liquefy chlorine in 1823 and proved that a gas can also be liquefied. Slowly but steadily , Faraday was emerging from obscurity into the limelight as a rising scientist. Faraday submitted an application to the Royal Institute in 1824 and sought to be elected a fellow of the Royal Institute , but his application was ruthlessly turned down.Later it was suspected that actually Sir Daw did not want to see Faraday sitting equal to him. In spite of Sir Daws strong opposition , the following year Faraday was elected a fellow of the Royal Society and later directory of the labo ratory of the Royal Institute. Faraday took special interest in the study of electromagnetic function. After a series of experiments , he discovered electromagnetic induction , the battery , the electric arc , and electrostatics. These were some of the major discoveries which duly lifted eputation to a new height as a most brilliant scientist.The loads of work and staying up late into night caused severe harm to his health. Due to heavy workload, he often Faraday complained of losing his memory and that made him unable to write about studying or experiment on new things as freely as he wanted. Faraday passed away peacefully at the age of 76 in his arm chair on August 25 , 1867. Faraday discoveries and inventions created new avenues in the field of science and technology. Faraday was without doubt one of the foremost scientist who set the foundations of scientific discovery.

Influences of the Forrester Effect and the Bullwhip Effect

A supply chain management is the broad concept which includes the management of the entire supply chain from the supplier of raw materials through the manufacturer, wholesaler, and retailer to the end consumer. However, certain dynamics exist among firms in the supply chain thereby causing inaccuracies and volatility of orders from the retailer to the primary suppliers and that these cause for operations, say, readjustments further upstream in the supply chain. The Forrester effect and the bullwhip effect influence the supply chain directly or indirectly through the components in the supply chain like manufacturers, suppliers, wholesalers, distributors, retailers, and customers in many ways. Bullwhip effect, also known as Forrester effect occurs when the demand order changes in the supply chain are amplified as they moved up the supply chain. It is termed as bullwhip effect because of the large magnitude of disturbances in the chain caused by a small disturbance at one end of the chain.Thus, in a typical supply chain for a consumer product, with less sales variation, there seem to be a pronounced variability in the retailers' orders to the wholesalers. Considerably, four major causes of the bullwhip effect have been identified. These are: 1. Demand forecast updating: this is the readjustment of demand forecasts by upstream managers as a result of future product demand signal. Forecasting is usually based on the order history from a company's immediate customers.Traditionally,every company in a supply chain usually prepares product forecasting for its production scheduling, capacity planning, inventory control and material requirement planning. It is contended that the signal from demand forecasting is a major contributor to the bullwhip effect. For example, if a manager uses, say, exponential smoothing (future forecast is always updated as demand increases) the order sent to the supplier reflects the amount needed to replenish the stocks to meet the requirements for future demands and safety stocks which might be considered necessary. 2. Order batching: Companies place orders with upstream organisations in a supply chain, using some inventory monitoring or control. As demand comes in, inventory is depleted but the company may not immediately place an order with the supplier. It often batches or accumulates demands before issuing an order. Sometimes the supplier cannot handle frequent order processing because of the substantial time and cost involved so instead of ordering frequently, companies may order weekly or fortnightly. This leads to two forms of order batching; periodic and pushing ordering. Many manufacturers place purchase orders with suppliers when they run their materials requirement planning (MRP) systems monthly; resulting in monthly ordering with suppliers. This is a periodic ordering. As an illustration, for a company that places orders once a month from its suppliers, the supplier faces a highly erratic stream of orders. Demands go up at one time during the month, followed by no demands for the rest of the month. This periodic ordering amplifies distortions and disruptions and contributes to the bullwhip effect. A similar effect becomes prevalent in push ordering phenomenon.Here, a company experiences regular surge in demand. As a result, customers ‘push' orders on the company periodically. Although the periodic surges in demand by some customers would be insignificant suppose all ordering are not made at the same time, however, it does not happen that way. The orders are more likely to overlap and cause the bullwhip effect to be felt most. 3. Price Fluctuations: Because of attractive offers like ‘buy one get one free'(BOGOF),price and quantity discounts, rebates and so on usually provided by manufacturers to distributors in the grocery industry, items are bought in advance of what is actually needed. This is referred to as ‘forward-buying' which is known to account for about $75bn to $100bn of inventory in the grocery industry in the United States. The result is that customers buy in bigger quantities that do not reflect their immediate needs with the view to stock for future use.Thus,these special price schemes, lead to speculative buying which is considered as costly to the supply chain. For example, Kotler reports that trade deals and consumer promotion constitute 47% and 28% of distributors and manufacturers respectively of their total promotion budgets. Considering a situation when a product's price is pegged low through the price schemes, more would be bought by the customer than actually needed. As the price returns to normal, the customer stops buying in order to use up its inventory. This triggers an irregular buying pattern of the customer which does not reflect its consumption pattern, and the variation of the buying quantities is much bigger than the variation of the consumption rate leading to the bullwhip effect or Forrester effect. Such a practice was called â€Å"the dumbest marketing ploy ever†. 4. Rationing and short gaming: rationing usually becomes the norm when demands exceed supply. Manufacturers allocate the amount in proportion to the amount ordered. During rationing customers exaggerate their real needs when they order for fear that the orders might be in short supply.Customers' overreaction in anticipation of shortages results when organisations and individuals make sound, rational economic decisions and ‘game' the potential rationing. The effect of this gaming is that little information is given to the supplier on the product's real demand by the customers' orders. The gaming practice is very common. Increases in orders are made not because of an increase in consumption but due to anticipation. Actually, the bullwhip or the Forrester effect is not just an economic error. Its influence on a company's supply chain management could be felt as well in a positive way. Thus, these four major causes of bullwhip effect somewhat influence or affect the supply chain management in number of ways: – Conflict between supply chain players. This is brought about as a result of no coordination amongst individual demand forecasts based on each supply chain player's sales history or strategy. – Large demand and supply fluctuations result in the need for high inventories to prevent stock outs. Because of the fluctuations in the supply chain, companies try to keep more stock than needed in order to avoid stock out and its attendant problems like loss of profit, customers and market share in some situations. – There is poor customer service as all demand might not be met. Customers are upset when their demands are not met especially from the suppliers they seem to rely on .This is as a result of the bullwhip effect. – Production scheduling and capacity planning becomes difficult due to large order swings. Because of the large distortions in demand due to bullwhip effect, capacity planning-the task of setting effective capacity of the operation in order that it can stand any demands placed on it-and production scheduling which is a detailed timetable in planning showing at what time or date jobs should start and when they should end to ensure that customers demand is met, are largely affected. This is known to usually affect several other performance indicators like costs, say due to under-utilization of capacity; revenues, working capital due to building up finished goods inventory prior to demand; quality by hiring temporary staff; speed could also be enhanced by surplus provision; dependability of supply will also be affected due to any unexpected disruptions; and flexibility will also be enhanced due to surplus capacity. – Extra plant expansion to meet peak demand. Another influence on the supply chain brought about by the Forrester effect or the bullwhip effect is to look for an additional plant capacity or expansion to cater for demand either as a result of low stock or increased demand which were distorted as the bullwhip effect struck. The implication is it can lead to large distortions and high costs. – High costs for corrections-large unexpected orders or supply problems necessitate expedited shipments and overtime. This might also affect the planning of the company's transport and logistics in terms of additional handling and administrative costs though there will be some benefits, the supply chain is affected. – Other influences are the following: collaboration, direct sales, smaller order batches or more frequent re-supply, unexpected shortages in inventory, price fluctuation, demand behaviour, stock market trading, information-sharing and profit variation. Notwithstanding these,there are some possible ways and means to minimise or reduce the bullwhip effect. The various initiatives for possible solution to the bullwhip effect are based on the underlying coordination mechanism. These mechanisms are namely, information sharing,;by this demand information at a downstream site is relayed upstream in time for processing; channel alignment, this is the coordination of pricing, transportation, inventory planning, and ownership between the upstream and downstream sites in a supply chain; and operational efficiency, are the activities that are pursued to improve performance like reduced costs and lead-time. In the light of these three mechanisms, some of the critical areas that can be looked at to reduce the impact of variability on the supply chain include aligning incentives to overall supply chain performance objectives; developing trust and contractual agreements between supply chain partners; approach such as delayed differentiation, designing for commonality; direct sales, vendor managed inventory, continuous replenishment; multi-echelon inventory control policies; lead time reduction through operational efficiency and design; lot size reduction using efficient transportation and distribution systems; price stabilization and uniform pricing. First and foremost understanding the causes of the bullwhip effect can help managers to find strategies to combat or curb it. Companies must make concerted efforts through various means available in their supply chain management in order to deal with these inconsistencies.

Researchweek2 Essay Example | Topics and Well Written Essays - 1250 words

Researchweek2 - Essay Example ance of nurses; where hospital personnel do not set the bed-exit alarm and the cases where a patient is under the influence of high-risk medication (Oliver, Healey, & Haines, 2010). Other situations that could lead to patient falls include where patient assessment is inadequate and where there are delays in responding to call alerts or care delivery. More than 1 million patient falls occur every year. Among US hospitals, falls rates range between 3.1 and 11.5 cases/1,000 patient-days (Quigley et al., 2009). Rates of patient falls differ, depending on the type of hospital unit; the highest rates of falls are reported in the medical and the neuroscience units. Fall rates are 3.48 and 6.12/ 1000 and 6.12 and 8.83/1000 respectively (Quigley et al., 2009). About 30 percent of the total number of patient fall cases cause some form of injury; 10 percent cause the patients serious injury, including the fracture or the trauma of the head. Among aged patients, these falls are extremely dangerous, including that they can cause death or further illness (Oliver, Healey, & Haines, 2010). The statistics reporting the incidence of patient falls and their effects among older patients are very critical and disturbing. Presently, older people of 75 years and above comprise about 22 percent of the patients admitted into hospitals (Wier, Pluntner, & Steiner, 2010). Further, major areas of hospital costs are related to patient falls: these include liability, length-of-stay and care services. The patients that suffered serious injuries, due to falls, while under the care of hospitals remained under care for 6.3 to 12 days more than their counterparts, and also registered higher healthcare costs by an average of USD 13,316 (Brand & Sundarajan, 2010). Additionally, starting 2008 the Center for Medicare and Medicaid Services revised their policies – directing that they will not compensate hospitals for the costs incurred on the treatment of these types of injuries (Inouye, Brown, &

Leadership Term Paper Example | Topics and Well Written Essays - 1250 words

Leadership - Term Paper Example They provide a sense of direction and guidance, which the rest follow to the latter in order for the organization to achieve its intended results. In essence, the major requirement in being an effective team leader is ones ability to communicate with the team members in a manner that will not offend them. This means that the leader needs to value the rest of the team players and be an equal participant in the work process. As a result, the essence of this paper will be to evaluate the behaviors of a leader with whom I have worked with previously. The name of this leader in this paper will be ‘Martin Luther’. 1. Ohio State University – Initiating Structure and Consideration Behavior Leadership Style Research at this institution identified two styles of leadership that were applicable in the day-to-day running of organizations. First, they argued that one style of leadership would be consideration. This meant that this type of leader showed interest in the team memb ers and regarded them with utter respect. To this type of leader looking out for the well being of the team members was the overall quest. In addition, this leader shows gratitude and supports the junior staff to ensure that the group meets target. On the other hand, they adopted the initiating structure kind of leadership whose focus was on the performance of the tasks by clearly defining his roles and those of the followers. For this leader, the attainment of the set goal becomes the primary factor to which he establishes the channels of communication towards results attainment. In comparison, the consideration leader is friendly and approachable, but the task-oriented kind of leader only interacts with the followers when he/she is delegating the duties and tasks. In essence, Martin Luther was consideration kind of leader to the team as he treated all the members of the team with high regard. This enabled the team to feel appreciated and valued and that all their efforts were comm endable. Martin was accessible to the team members in case we needed any form of work related assistance, as he was willing to help at any time. Another positive attribute that he had was that he showed the willingness to adapt to any form of change, which also made the team’s transition process to changes relatively easy (Collins, 2001). In addition, he treated all the team members equally by looking out for our interests without favoritism or bias. Usually, he would consult with the team members before executing any task so that he could make sure that everyone was comfortable with the implementation plan. Remarkably, he was keen on explaining the actions that he took or intended to take which made the team feel like family. His style of leadership according to the Ohio State University model proved effective, as our department was the best in performance and output. 2. Expectancy Theory of Motivation This theory states that individuals will decide on certain behavior becau se of the motivation given towards the selection of a certain behavior ‘due to the possible outcome expected. These individuals choose this one behavior out of a number of behaviors. Essentially, this theory encourages organizations to reward performance by ensuring that the team members de3serve and appreciate the rewards. This theory depicts the behavioral process in which individuals decide on one behavioral option over the others. It gives the explanation as to why they make these choices to attain the product. The