Time I Experienced Failure

When i was in 9th grade I almost failed my history class and I was concerned about my gpa as well. Coming into 9th grade I thought it was going to be really easy in 9th grade but I think the real problem was that I was not focused At that time i really didn’t know what gpa was and when i got to 10th grade after the first marking period i had a 3. 0 gpa, i didn’t expect that because in the first period of my 10th grade year i did really well but then i was told the reason it was low was because of my 9th grade year.Sometimes I wish I could go back to 9th grade and redo the grade. History class was not the only class that I was worried about because I was just passing some of the other class as well. After the first semester my parents, teachers were all concerned about me and their attention just gave me more pressure to do good. If i could just go back in time to fix the problems I had that year I really think that would help me get a better gpa and make me a better stu dent.After my 1st semester in high school all my teachers and parents paid lots of attention to me which really just scared me because I really didn’t want to repeat that history class again. When I look back I just think to myself why did I fool around in that class and not pay attention. Every assignment I got couldn’t be completed because I didn’t pay attention and when the teacher asked me for I said no. I felt like my teacher thought I was dumb because he recommend to put me in a lower history class next year but I know he was just doing what was best for me.I felt like nobody believed in me and thought what would happen when I move on in high school because it’s going to get tougher and tougher every year and I have to be prepared. There was trouble at home as well because my parents were really upset and thought what if i can’t go to college. My parents were afraid, if my bad grades continued it would be hard for me to get in college. After my first semester they decided that change was needed so they took my all game consoles, phone and everything till I improved my grades.My parents were at my school during my course selection, they weren’t happy when my teacher recommend me into a lower history class, I wanted to change the recommend and move on to next history class with my friend but my counselor and parents thought I should go a to lower history class. After a while I persuaded them into letting me move on but I had to pass history class this year or I would have to repeat same history class. That day I made a promise to myself that I would study my heart out to pass history class. Things were tough but I knew what I had to do to pass history.I had to stay after school to get help but it was worth it because at the end i passed history. I created lots of practices quiz, flashcards to help me through the class. I still use those strategies to this day, I am sure that’s the reason for my success in my classes. During this time my parents were pushing me to do better and they weren’t that happy because I passed history by 2 percent. Going into 10th grade I knew i had to get better grades which is what I did, I made lot’s of changes during the time which was necessary.I set goals to accomplished through every semester in 10th grade. In 9th grade I was scared to ask questions because if i said something dumb people would laugh at me but in 10th grade I didn’t care who laughed at me and asked lots of questions. All these things made me a better person and student. In all, I wanted to redo my 9th grade but in honesty if i didn’t have that year in my experiences I would have never learned from the mistakes. I would have never pushed my conscience to try harder and don’t give up. 9th grade was a rollercoaster ride but at the end I came out successful. Time I Experienced Failure When i was in 9th grade I almost failed my history class and I was concerned about my gpa as well. Coming into 9th grade I thought it was going to be really easy in 9th grade but I think the real problem was that I was not focused At that time i really didn’t know what gpa was and when i got to 10th grade after the first marking period i had a 3.0 gpa, i didn’t expect that because in the first period of my 10th grade year i did really well but then i was told the reason it was low was because of my 9th grade year. Sometimes I wish I could go back to 9th grade and redo the grade. History class was not the only class that I was worried about because I was just passing some of the other class as well. After the first semester my parents, teachers were all concerned about me and their attention just gave me more pressure to do good.If i could just go back in time to fix the problems I had that year I really think that would help me get a better gpa and make me a better stud ent. After my 1st semester in high school all my teachers and parents paid lots of attention to me which really just scared me because I really didn’t want to repeat that history class again. When I look back I just think to myself why did I fool around in that class and not pay attention.Every assignment I got couldn’t be completed because I didn’t pay attention and when the teacher asked me for I said no. I felt like my teacher thought I was dumb because he recommend to put me in a lower history class next year but I know he was just doing what was best for me. I felt like nobody believed in me and thought what would happen when I move on in high school because it’s going to get tougher and tougher every year and I have to be prepared.There was trouble at home as well because my parents were really upset and thought what if i can’t go to college. My parents were afraid, if my bad grades continued it would be hard for me to get in  college. Afte r my first semester they decided that change was needed so they took my all game consoles, phone and everything till I improved my grades.My parents were at my school during my course selection, they weren’t happy when my teacher recommend me into a lower history class, I wanted to change the recommend and move on to next history class with my friend but my counselor and parents thought I should go a to lower history class. After a while I persuaded them into letting me move on but I had to pass history class this year or I would have to repeat same history class. That day I made a promise to myself that I would study my heart out to pass history class.Things were tough but I knew what I had to do to pass history. I had to stay after school to get help but it was worth it because at the end i passed history. I created lots of practices quiz, flashcards to help me through the class.I still use those strategies to this day, I am sure that’s the reason for my success in m y classes. During this time my parents were pushing me to do better and they weren’t that happy because I passed history by 2 percent.Going into 10th grade I knew i had to get better grades which is what I did, I made lot’s of changes during the time which was necessary. I set goals to accomplished through every semester in 10th grade. In 9th grade I was scared to ask questions because if i said something dumb people would laugh at me but in 10th grade I didn’t care who laughed at me and asked lots of questions. All these things made me a better person and student.In all, I wanted to redo my 9th grade but in honesty if i didn’t have that year in my experiences I would have never learned from the mistakes. I would have never pushed my conscience to try harder and don’t give up. 9th grade was a rollercoaster ride but at the end I came out successful.

John Marshall Court Cases

Marbury vs. Madison What was the case: Marbury was a soon-to-be appointed justice of the peace when Adam’s presidency came to an end, resulting in his successor, Thomas Jefferson denying credibility of the appointments because they were not completed during the time of Adam’s presidency. Jefferson’s Secretary of State, James Madison, was asked to allow the commissions. Decision: The Supreme Court denied Marbury’s writ of mandamus and he was denied the commissions. Reasoning: Congress cannot expand the Supreme Court’s power past Article three, and the Supreme Court has no jurisdiction to issue writs of mandamus.Significance: The significance of this court case is that it affirmed the judicial review and helped make the judicial branch co-equal with the two other governmental branches. Fletcher vs. Peck What was the case: In Georgia, legislators were bribed to allow 30 million acres of land to be sold for less than two cents per acre. This scam was ca lled the Yazoo land scam. In purchasing land from Peck during the Yazoo land buying and selling in Georgia, Fletcher sued Peck for selling land against the 1796 act claiming the land was not yet constitutional impaired by an act in Georgia.Decision: The land was given a clear title to Fletcher and the act was unconstitutional. Reasoning: A law that deems a property unconstitutional established under a previous law is unconstitutional. Significance: This was the first time a state law had been overturned by the Supreme Court. McCulloch vs. Maryland What was the case: Maryland enacted a law that requires all banks without a charter from the state to pay a tax and they are prohibited to print money without stamped paper from the state.McCulloch, a cashier in a branch of the Second National Bank in Baltimore, did not pay the taxes, resulting in the suing of McCulloch by Maryland. McCulloch questioned the constitutionality of the act. Decision: McCulloch won. Reasoning: The Bank of the U nited States is permitted to establish a branch in any state, the state has no power. Significance: This case gave the United States government implied powers ontop of those listed in the constitution. Dartmouth College vs. WoodwardWhat is the case: The charter was to Dartmouth College by the King of England in 1769 and had specific purposes for its establishment. In 1816, New Hampshire’s state legislature passed a law changing the school from a private school to a public school. The school argued that the state did not have the right to do so. Decision: The verdict came as a win for Dartmouth College. The New Hampshire law was removed. Reasoning: The charter was between the King and the trustees so any American laws that would change such a charter would become invalid.Significance: The decision on the court case increased business investment and growth due to the security businesses have without the interference of the state on their charters. Gibbons vs. Ogden What was the case: Gibbons was granted permission from the federal government to operate steamboats between New Jersey and New York. Ogden was given permission by the state by being granted a monopoly to operate steamboats between New Jersey and New York. Ogden saw it unfair the special treatment Gibbons had over Ogden and he filed a lawsuit. Decision: The verdict came to be judgment for Gibbons.Reasoning: The Commerce Clause of Article one allows Gibbons to continue his trade in the trading waters. Significance: The decision on this case gave the federal government the ability to regulate commerce between states. Cherokee Nation vs. Georgia What was the case: The Cherokee Nation brought this case to the Supreme Court against the state of Georgia in order to receive justice over the laws that destroy the Cherokee Nation as a separate political society and forbid them from the lands that they had set out for their Nation in treaties between the Nation and the United States government.Decision: T he Supreme Court denied the Cherokee Indians the request against the state of Georgia. The Cherokee Nation lacked jurisdiction for the case. Reasoning: The United States Supreme Court only deals with cases with â€Å"foreign nations† and the Indian nation was excluded from the foreign nations when this was determined. Significance: This case left the Cherokee Indian nation dependent on the United States. This case also led to the Trail of Tears which moved the Cherokee Indians and many more West where along the way, thousands lost their lives.Worcester vs. Georgia What was the case: After hearing about the Cherokee Nation v. Georgia case decision and reasoning, Samuel Worcester took Georgia to court again because he felt that the state had no authority to pass laws that go on in the boundaries of the Cherokee Nation which is a nation recognized by treaties signed by both the Indians and the United States. Decision: Worcester won, disregarding his conviction of living in the C herokee Nation without a state permit.Reasoning: The law passed by Georgia was unconstitutional and went against the treaties signed by both the Cherokee Nation and the United States government in agreement that the Nation would be politically independent and its own nation from the country around it. Significance: The ruling on this case made the Cherokee Nation recognized as a politically independent nation from the country that envelopes it. Part C Evidence from this lesson such as his fairness in his decisions in the Supreme Court cases and his respect from high officials from part A if this assignment, this statement is made true.John Marshall represents American law as a whole by his contributions to the laws and relationships between state government and federal government proven in the McCulloch v. Maryland case, for example. Also, his contributions to the â€Å"foreign nations† and our relationships with them such as the Cherokee Indians was strengthened and made his tory. John Marshall truly was the leader of American law and he would represent it proudly.

Gummy Bear Experiment

Combustion of Gummy Bears Energy is a concept.? Most definitions of the word energy fail to provide its exact meaning when applied to scientific matters.? In science the word energy is a concept that expresses two measurable properties, heat and work.? Here is the relationship of energy, heat and work: Energy Released=Work Done + Heat Released The Law of Conservation of Energy, derived from centuries of observation and measurement, indicates that energy cannot be created or destroyed. But energy need not stay in one place. Energy can be converted from one form to another and can be created in one place and show up in another. Remember that energy, in an open system, can do work on the surroundings or supply heat to the surroundings.? When we express energy as the sum of heat and work, we are making a very specific claim concerning these two properties. They are related. The relationship between heat and work is a close one, so close the amount of heat and the amount of work must be expressed with numerical values having the same units. Within limits, energy may be controlled to appear as heat (as we use electric power to dry clothes in a dryer) or work (the same electric power rotating the drum in the same dryer). Briefly, we define the amount of heat and/or work using two units, the Joule (J), and the calorie. The Joule and the calorie are related as follows: 1 cal = 4. 184J Both units represent quite small increments of energy. We must add 1 calorie of heat to increase the temperature of 1g of water 1 degree Celsius. Our bodies expend about 1J of work with a single heartbeat. For convenience sake, both the Joule and calorie are often expressed in multiples of 1000. We speak of the kilojoule (kj): 1 kJ = 1000J and the kilocalorie (kcal). 1 kcal = 1000 cal Thus we must add 4. 184 kJ of heat to raise the temperature of 100g of water 10 degrees Celsius. Chemical Reactions and the Production of Energy Heat and Work We learned the foundation of thermochemistry rests on the ability to link the amount of energy released or required to the chemical equation for the specific chemical change. We often experiment under conditions where no work is done on or by the system.? The heat, evolved or required is the change in enthalpy. We use the change in enthalpy of the fuel-consuming chemical reactions to arrive at the energy that would be available. The amount of energy available from a given amount of fuel does not vary with how slow or fast we burn the fuel such as in exercise. Enthalpy itself is a state property. All materials have enthalpy as an element of their nature. It is the change in this property through chemical processes which concerns us. The oxidation of 0. 5g of glucose yields a certain amount of energy regardless of how slow or fast the reaction takes place.? In the real world (during exercise for example), energy, work and heat, are produced in complex, changing systems. The combustion of a gummy bear shows how a compound is broken down into an element and other compounds in the presence of a catalyst or heat. An organic carbon compound will combine with oxygen to give off carbon dioxide and water. An exothermic reaction releases different forms of energy. Sugar is a fuel that we use for energy. We can also use it to fuel a chemical reaction. As we heat the Potassium Chlorate this will release O2 gas and leave KCl as it starts to decompose as follows: 2KClO3(s) ? 2KCl(s) + 3O2 (g) This produces oxygen which oxidizes the sugar (glucose) in the gummy bear. This oxidation is incredibly exothermic (-5000 kJmol-1). The reaction is: C6H12O6(s) + 6O2 (g) ? 6CO2 (g) + 6H2O (g) All chemical reactions involve a change in substances and a change in energy. Neither matter nor energy is created or destroyed in a chemical reaction only changed. This experiment is a decomposition reaction a more complex substance breaks down into its more simple parts. One reactant yields 2 or more products. The presence of oxygen in the decomposition reaction is seen when heat energy is added to potassium chlorate, and its decomposition releases O2 and leaves KCl, when bubbles form. Heat is necessary in this reaction because the excess of oxygen, generated by the decomposition of potassium chlorate, will react with the glucose in a gummy bear, releasing a large amount of energy quickly and dramatically. When it comes in contact with the oxygen in the test tube some of the sucrose disintegrates and this releases heat energy. The released heat causes the potassium chlorate to release more oxygen and a positive feedback loop develops. The difference between endothermic and exothermic reactions is that endothermic reactions absorb heat, and exothermic give off heat. Dilution of ammonium chloride is an example of an endothermic reaction. This is the active ingredient in chemical ice packs you can obtain in a pharmacy. Other reactions are melting and boiling which also absorb heat to happen, although you may not consider them chemical reactions. Combustion is a typical exothermic reaction any type of burning. An exothermic reaction occurs if the energy of the bonds formed in the products are stronger (lower energy) than the bonds broken in the reactants. Endothermic reactions require heat. If there is no external source, the reaction gets the heat by cooling to a lower temperature. These reactions are driven by the change in the configuration of the atoms. If the atoms in the product molecules have a less orderly structure than the atoms in the reactants, these reactions will occur even if the cost some energy to happen. Potassium Chlorate is the oxidizing agent and when it is melted; its decomposition provides an oxygen rich environment. A gummy bear is dropped into the liquid and immediately begins to combust. The heated mixture ignites and oxidizes the sugar in the gummy bear in a violent, exothermic reaction. The gummy bear explodes because the combination of one gummy bear which is composed mostly of sucrose with molten potassium chlorate the gummy bear explodes. A surprising amount of energy is released by the reactants and in the process their atoms and molecules rapidly rearrange to form the products carbon dioxide, water and potassium chloride. The products of the reaction are H2O (vapor) and CO2. Ideally, a balanced equation would show sucrose (C12H22O11) being converted to carbon dioxide and water while the KClO3 becomes KCl. But the combustion was incomplete and carbon and or carbon monoxide were additional products. Bibliography † Endo, Exothermic Reactions and Energy. † Ask a scientist, Newton. 4 Jun 2002, Chemistry Archive, Inc. . Dr. Matt Hermes â€Å"Gatorade. † Chemical Reactions, General Chemistry Case Studies. 14 Jun 2002, Inc . â€Å"Chemistry problems. † Chemistry, The Scientific Forum. 8 Mar 2003 . R Gallagher â€Å"Chemistry Made Clear. † GCSE edition. 6 Dec 1997. .

Sum up four readings about Social Protest Essay Example | Topics and Well Written Essays - 500 words

Sum up four readings about Social Protest - Essay Example According to studies conducted by Adler and Mittleman (2004, p. 110), globalization protests are mainly about understanding s of the shifts in the world’s political economy. The protesters’ expressions are not necessarily same as the views of the ideological leaders. From these protests, the streets bear more fluid and latent attitudes in the baseline. Globalization protests present difficulties in generalizing when centring on a particularly specific event. In most organizations, interviewees have differentiated attitudes towards globalization protests. Participants in protests may be activists, officers, or ordinary members. Most participants in protests, influenced by the information gathered from the internet. The degree of participants ‘involvement in a protest is of more significance in the globalization protests. Moreover, pushing participants to make choices between the can obscure the important interconnections concerning protests. According to studies conducted by Adler and Mittleman (2004, p. 110), one of the attitudes of protesters is that the protesters are diverse according to their involvement in the global justice demonstration previously. Lack of ability of a protest movement in excluding violent participants, continues to minimize its effectiveness centrally to the states’ growing willingness to employ the respective tactics indiscriminately. In relevance to   Brooks (2004, p. 570), stated that, some of the goals of anti-globalization protesters are delaying talks concluding meetings without an agreement of building new rounds of the trade negotiations. The anti-globalization movement does not exclude the potentially violent factions and this may impede its ability in democratizing institutions of globalization via the tactic of the protest alone. Brooks (2004, p. 577) further noted that, the movement also employs democratic master frame and operates is more decentralized

Analyses of Real Cocholate Company Essay Example | Topics and Well Written Essays - 1500 words

Analyses of Real Cocholate Company - Essay Example stated after the performance of the fiscal year 2007 that she wants the company to cross the $100 million mark for the first time in the Companys history, it is clear that she had a measurable and clear vision about the company. 1. Retail chocolate sales reached $16.3 billion for the year ended December 2006. Per capita consumption of chocolate was over 13 pounds in 2004. This can be used as an opportunity to earn more revenue. 2. â€Å"Cocoa flavones, the unique compounds found naturally in cocoa may increase blood flow to the brain, according to new research published in the Neuropsychiatric Disease and Treatment journal. The researchers suggest that long-term improvements in brain blood flow could impact cognitive behavior, offering future potential for debilitating brain conditions including dementia and stroke† (Sorond FA 2008). 3. â€Å"Designed anti-dominant laws that will ensure the fair distribution and enforcement of purchase limits and export quotas in accordance with generally accepted antitrust and competition principles† (Blue 2007). 4. â€Å"The US chocolate and confectionery industry is a principle consumer of key US agricultural commodities.   For every dollar of cocoa imported, between one and two dollars of domestic agricultural products are used in the making of chocolate† (Economic Profile of the US Chocolate Industry). 3. â€Å"In 2000, a report by the US State Department concluded that in recent years approximately 15,000 children aged 9 to 12 have been sold into forced labor on cotton, coffee and cocoa plantations in the north of the country† (Global Exchange 2005). 4. Its reputation for quality, variety, and taste of products, special ambiance of the stores, store site selection criteria, expertise in the manufacture and merchandising of chocolate candy products, and good customer service, provide the company with a competitive advantage. 5. Approximately 50 percent of store sales are from products made on-site. This concept conveys

The comparison of Kindred by Butler and Beloved by Toni Morrison Essay

The comparison of Kindred by Butler and Beloved by Toni Morrison - Essay Example Beloved is the story of former slave, Sethe, who lives with her daughter, Denever and mother in law. She has been excommunicated by her community as she killed her child named Beloved 15 years ago in order to save her from being a slave. Here slavery is so cruel that death has been preferred over it. Parents of would be slaves kill their own offspring instead of giving them to slave-catchers. But the choice made by Sethe is criticized and rejected by her own community. To them Sethe’s choice of freedom for her child is unacceptable. They think that a slave should submit to his fate. In Toni Morrison’s Beloved â€Å" the ghost is the reminder of how the phallus of slavery disrupted all bonds when it came down to the black family† ( Bloom 100) Butler’s Kindered also portrays a world where slavery and violence are the common practices. The racial divide has already determined the roles where white are slave-owners and blacks are the slaves. The White have power over the existence of their slaves and they use violence as their instrument. The slavery seems to be an inevitable institution in this society and violence of masters is a common happening. Commenting on this acceptance of reality by the salves Dana says, â€Å"â€Å"The ease. Us, the children . . . I never realized how easily people could be trained to accept slavery† (101). The world seems to deterministic where slavery is accepted as fate. Rufus is a ruthless master who has learned to use his authority since his childhood and treats his slaves cruelly. Sam and Nigel are mistreated. The slaves are victim of all forms of violence: lashing, rapes and other physical and mental brutalities. Slaves’ only refuge and solace against these brutalities is their family and home. Home is the binding force which is a symbol of safety and freedom for the slaves and their family is a binding

Statistical Data and questions Essay Example | Topics and Well Written Essays - 250 words

Statistical Data and questions - Essay Example Most runaway from their homes due to different forms of abuse, however, the abuse rate is at only 4% of their total population. Churches that take them in are reported to abuse them ‘spiritualy’ Promise House, an NGO that tries to resettle them writes on its website, â€Å"These are children. And it is time for us to see these teens as our children -- lost and alone, terrified and lonely. They have been abandoned by their parents, neighborhoods, cities, by our country. They are abused, sold into prostitution, preyed upon, ignored, assaulted, even murdered. And they are getting younger and are staying on the street longer.† The highest percentage of the homeless teens is run away cases at 67% of the total homeless teen population. Those who run do it mainly because of abuse either at home or at school. There are more females than males at 51% with African Americans leading at 66% followed by Hispanics, Caucasians then other in that order. There are programs ran by the state in partnership with NGOs like Family Connections and Promise House among others. They are offering comprehensive services such as educational support groups, drug-free alternative activities, and life enrichment services. The state has a plan to eliminate homelessness in general by 2014 called the Dallas Ten-Year Plan: An Action Plan to Identify Goals, Strategies and Methodology to Impact and End Chronic

Money & Banking Assignment Example | Topics and Well Written Essays - 750 words

Money & Banking - Assignment Example It has been stated that the measurement problems occur especially during the business cycle contraction where the values are understated. Unemployment rate is understated due to a number of reasons. First off, underemployment is not regarded as unemployment, but is instead viewed as being employed. In tough economic times, job cuts are common in many organizations. Many people subsequently seek out jobs that do not utilize their full skill and knowledge potential (Horvitz 33). Though these jobs are temporary income earners to cater for the person’s daily need, the Bureau of Labor Statistics view these people as fully employed and does not count then against the national rate, leading to massive understatement. If a person who used to take home $140,000 each year has to take a job that offers $22,000, it is unfair to consider this person as employed (Horvitz 47). New entrants into the labor force are not considered unemployed. If for instance, a stay at home mum seeks out employment due to harsh economic times and fails to get employed, she will not get counted as unemployed by the authorities. There exist people under the age of sixteen who have taken up jobs to assist their families. Since they are below the age of 16, they are not counted as employed and if they fail to find work, they do not count as unemployed either. This adds up to massive understatement of the unemployment rate. The Bureau of Labor Statistics only considers one unemployed if you are actively involved in job hunting. Individuals who are jobless and are no longer searching for work are not counted as unemployed. They are therefore not included in the unemployment values rolled out every month, a phenomenon that without a doubt leads to understatement by massive margins (Horvitz 77). Some workers have had to involuntarily take up job sharing, working less hour shifts

Gender, Folklore, Inequality Essay Example | Topics and Well Written Essays - 1250 words

Gender, Folklore, Inequality - Essay Example As stated earlier modern society has diversified in the categorization of human sexual orientations. The matter has affected gravely the state of law, politics and even religion. Initially, the only recognized group to emerge was homosexuals. These are the gay and the lesbians. However, some groups chose to sort of break away from the mainstream stereotype by including a more inclusive abbreviation like L.G.B.T.Q.I.A. this category includes the homosexuals for lesbian and gay, the bisexual, the transgender, the queer, the intersex and the asexual. The term transgender in definition means a person who does not identify with the normal sexual orientations of male or female. In the USA, many cases exist of people who were born male identifying themselves as females and the same applies to females. The matter has bred such controversy and discussions to the extent of affecting the law. One such example was in a case in Colorado. The child Coy Mathis was born a boy but wore pink dresses and wished people to refer to her as a girl. While in kindergarten the school’s administration prohibited her from using the girl’s bathroom and instead to use a gender-neutral bathroom. The parents pulled her out of the school soon after. This case has been at the heart of a legal issue. Colorado’s anti-discrimination laws protect transgender people and this is why this case received much public attention. Southern Comfort was a compelling story that focused on the discrimination people of different sexual orientations from the norm suffer.

Personal statement, interview in your filed of interest Essay

Personal statement, interview in your filed of interest - Essay Example It reflects both the goals I have in life as well as what drives me in achieving them. I try to plan my life and set both the short-term and long-term goals in a way that will enable me to become each day better than I was yesterday, delimiting always some new horizons to be discovered. Knowing that my actions and my efforts were not in vain, but brought good and well-being to other people and society I live in is what fills the life with sense and brings inner satisfaction. Only by striving for more a person can expect to become versatile personality and knowledgeable professional. Following my credo, I know that any experience, either successful or not, is always good for a person, but it is essential to know how to make use of it and be ready to turn the past mistakes into the future gaining. My aim is not getting an access to material benefits as they are not the values I serve. However, I know that I possess all the skills and traits of character needed to reach heights in civil engineering. Finding and applying my own approach to challenges and seemingly desperate situations, I will be able to make a difference in this profession and prove that I am capable of much. The only indeed valuable award, in this regard, is seeing the outcomes of the completed work and to knowing that they will serve people good for ages. Subsequently, I believe that what I managed to achieve today will lay the ground for what I will gain tomorrow. The following confidence constantly encourages me to try even harder and applying even more efforts on the way to my

Agency Theory and Corporate Governance Problem Essay

Agency Theory and Corporate Governance Problem - Essay Example It is evidently clear from the discussion that the Agency theory conceptualizes the relationship between the firm managers and shareholders as a â€Å"nexus of contract† that is bound to result to conflict due to the different interests of each group. The proposal of this theory is that firms should have independent board structures and that the equity-based compensation for top executives should be applied to curb the aggressive behavior of the management. While this theory suffers a number of weaknesses by assuming perfect organizational structures, it provides a possible approach to a solution of the corporate governance problem. On this ground, agency theory, to a great extent provides workable solutions that can harmonize the interests of both the managers and company stakeholders. Corporate structures are characterized by a separation between the owners and the management of an organization. The owners of an organization appoint managers who are better versed with manage ment knowledge to run their business for payment. The expectation of the shareholders is that the managers run the organizations to the best interests of the shareholders at all times. However, there is the risk that the management may put their goals first before those of the firm, which would be contradictory to their duties. As expected, the managers are the information bearers and have for the power to influence the firm performance and profit through their strategic initiatives. From a different angle, the shareholders have little information and hence act in good faith expecting that the management will pursue the firm interests. However, it is hard for them to establish whether the management influenced the outcomes of their firms through economic manipulation. Ultimately, the shareholders wish to submit the business risks to the experts with the sole aim of maximizing the share values for their own benefits. Contrary, the manager’s goals may be against the shareholder 's interest as they seek to maximize the benefits they accrue from the organization.

Principles of Economics Essay Example for Free

Principles of Economics Essay Suggest how an economist would approach the problem of alcohol abuse. Economics is about scarcity and choice. It is assumed that all human beings are rational thinkers hence would always choose to consume products that would give them maximum satisfaction or utility. Mankiw (2011, p. 6) argues that rational people ‘systematically and purposefully do the best to achieve objectives given available opportunity.’ Given a choice among alternatives and with scarce resources, one would evaluate the benefits and costs of consuming an extra unit of a product and would only take a decision only if marginal benefit is greater than marginal cost. In this case, to solve the alcohol abuse problem, one has to consider marginal benefits and marginal costs derived from consuming an extra unit of alcohol and since excessive drinking has more costs than benefits, one would refrain from alcohol. The opportunity cost foregone by choosing to abuse alcohol is too high compared to satisfaction derived; money spent on alcohol can do many other things such as feeding the family, education for children, and investments among others. Besides, the person may have health problems thus adding to the costs. By considering all these factors, a rational person would refrain from alcohol abuse. Heyne (2000) acknowledges the role played by incentives in directing behavior. For him, rational people usually respond to incentives or are induced to act by them. Assuming alcohol abusers are rational, imposing taxes on alcohol substances would eliminate the problem. This would follow the law of demand which states that other things being constant, if the price of a good increase, the quantity demanded of the good decreases. Taxes have the effect of increasing alcohol prices and this would automatically mean that the abusers would desist from alcohol consumption or cut their consumption. Analyze how prescription drugs affect the demand and supply of other products  and services in this country. Prescription drugs are drugs prescribed by a medical officer to a patient and are regulated by legislation unlike the over-the-counter drugs which can be old to anyone. If a patient is under prescription drugs, he/she buys the drugs despite the price of the drugs. An increase or decrease in price of the drugs therefore has little or no effect on the quantity demanded by an individual (McCarthy Schafermeyer, 2007). The drugs are provided by the National Health Insurance and have no close substitutes. The increase in price of the drugs thus affects all the sectors of healthcare industry such as patients and private insurers. Due to increased costs, the private insurers are forced to increase the cost of their services in case they have to offer such drugs and this may lead to low demand for their services. The patients are also required to get medical prescriptions before obtaining the drugs thus the demand for the medicine may be low compared to over-the-counter drugs. Use of prescription drugs also has an effect on demand for other healthcare services such as hospitalization. The prescription drugs also affect supply of generic products as manufacturers have patents to supply the new drugs for some years. Formulate a reason why elasticity of demand is an important consideration when analyzing the impact of a shift in supply and why the elasticity of supply is an important consideration when analyzing the impact of shift in demand. The price elasticity of demanded which is percentage change in quantity demanded over percentage change in price shows consumers responsiveness to price changes. (McKenzie Lee, 2006). It is an important consideration when analyzing the impact of a shift in supply and in determining if the firm should raise or lower its price. The supply curve is upward sloping showing a positive relationship between price and quantity supplied other things held constant. However, in long-run, those factors do change causing a shift in supply curve. Such factors include; input prices, technology, expectations and number of sellers in the market. For example, an increase in input prices such as labor would lead to a decrease in supply thus shifting the supply curve to the left. This results in low output which is  not able to satisfy the market demand thus pushing the prices up. An increase in prices according to the law of demand would lead to a fall in demand leading to excess supply and consequently fall in prices until an equilibrium is reached (Mankiw, 2011). However, the fall in quantity demanded will be determined by elasticity of demand. If the product has inelastic demand, an increase in price as a result of shift in supply would have no effect on demand thus suppliers would get more revenue. If demand for the product is elastic, an increase in price would lead to a massive reduction in quantity demanded and consequently lowering of prices and revenue. Shifts in demand curve are caused by other factors that affect demand except price. These include; income, price of related goods, tastes and preferences, expectations and number of buyers (Mankiw, 2011). Elasticity of supply shows the producers’ responsiveness to changes in price and is important in evaluating the impact of a shift in demand. For example, an increase in income would lead to an increase in demand depending on the type of the good thereby shifting the demand curve to the right. If it is an inferior good, an increase in income would lead to decrease in demand shifting the curve to the left. In this case, the good is normal. A shift in demand curve to the right would lead to an increase in price and quantity supplied. However, this is determined by elasticity of supply. If the good is elastic, a small increase in price would lead to a large increase in quantity supplied. This would in effect lead to excess supply forcing the prices to fall thus inducing an increase in quantity demanded but if the supply is inelastic, an increase in price would lead to a small increase in quantity supplied not enough to offset costs hence fall in revenue. Provide two examples of increasing-cost industries in your state and propose why they would have a positively sloped supply curve. According to McEachern (2010) increasing-cost industries occur as a result of entry of new firms due to increase in demand. An increase in demand results in high production costs and the average long-run average cost curve of each firm to shift upwards. The market is competitive and thus new firms enter the industry to share in the abnormal profits made by existing firms. However, as new firms enter, they compete thereby pushing up the production costs leading to low  profit or some firms are forced out of the market. This depends on how far the market supply curve shifts to interact with demand curve. The industry would have a positively sloped supply curve as an indication of the increasing costs. Examples of increasing-cost industries are housing construction and mobile companies which bid up prices for labor and raw materials. Suggest how, under certain conditions, a perfectly competitive market is economically efficient. A perfectly competitive market cant innovate, because all products are homogeneous and cant take advantage of cooperation. But if you define efficiency in a particularly useless way and choose only one definition of economic efficiency as well then there are certain conditions under which a perfectly competitive market is economically efficient.

Sociological theories

Sociological theories Now a days social workers are expected to write their reports in a coherent way, justifying it using theory and research. Sociology offers some important social theories, which provide explanations and critiques of human behavior, social actions and interactions as well as the institutions and the structures of society. The fact that social work is concerned with social change and problem solving is precisely why sociology is important to social work. In this essay I have selected two sociological theories to examine and understand Ms. Bs situation. I will be applying these theories to my understanding of my position as a social worker. The essay will also consider how these theories or perspectives helped my thinking about Ms. Bs situation and how these theories or perspectives were unhelpful in my understanding of Ms. Bs situation. In this essay I will also considers what other theory might have been applied, and as an integral part of the essay, considering anti-oppressive and anti-discriminatory practice. Functionalism views society made up from numerous interconnected parts which together form a system. The basic part of this breakdown is the society, and its variety of parts can be understood in terms of their collective relationship. In the initial stages of this theory Functionalism drew comparisons between society and the human body. Mainly this comparison existed since they viewed the society operating in theory in a similar way of the human body. Therefore, for one to understand the function of an organ in the human atonomy, for example the heart, it is essential to understand its relationship with the other organs in the human body and especially, its contribution towards the maintaining of the organism. Thus, functionalism argues that, an analysis and examination of the functioning of society is therefore important as it illustrates its relationship with the other parts of society, and most importantly, its contribution to the maintenance of society. According to Emile Durkheim (1895), the founder of Functionalism, crime and deviance are normal and necessary. Given that they are found in all societies, functionalists argue that it is a form of social change, as through deviance the society would learn about the accepted behaviour. However, too much crime can bring on a state of anomie, which is a state of normlessness in society. This arises when cultural goals and structural means of achieving those goals is unbalanced. The anomie state would result in conflicting the agreement of the functioning of society. Durkheim described the state of anomie as a feeling of aimlessness or despairtraditional moral controls and standards are largely broken downthis leaves many individuals in society feeling lack of meaning in their daily lives.Giddens(2006, p 14) Durkheim (1895) suggested that the theory of Merton gives an idea of the individuals who have high expectations and are unable to fulfill them through structural means then strain occurs. Robert Mertons (1938) Strain theory modified the Durkheims   Anomie to refer to the strain put on individuals when accepted norms conflict with reality. While the symbolic interactionalist theory are more concerned with agencies of social control; how they label certain behavior as deviant and the effects of these labels. Interactionists dispute the functionalist assumption that there is an agreement throughout society as to what behavior is criminal or deviant. They aimed to find out why certain behavior was labeled as criminal or deviant in some contexts but not in others. Howard Becker was one of the initiators of the labelling theory, he stated that Social groups create deviance by making the rules whose infractions constitute deviance, and by applying these rules to particular people and labelling them as outsiders. REF The labelling theory looks at how the social response to crime is made and how certain behaviour comes to be considered deviant or criminal. Labelling theory also suggests that the very imposition of social judgments on certain individuals, helps turn those individuals even more into paths of criminality that have been already identified. The labelling becomes a self-fulfillment prophecy as the stigma, or label, only pushes the offender further in the direction of criminality. In simple terms, give a dog a bad name he will become a bad dog,   Llewellyn et al (2001, p 90). The theoretical formulations of Colley (1992) and Mead (1934) have served as a source when trying to understand the self-fulfilling prophecy. They both argue that social interaction is the basis upon which an individual formulates his or her self-concept. Cooley and Mead models give examples of the individuals conception which arises through interaction with other members of the society that constitute his/her significant social circle. Specifically, the social looking glass theory posits that ones self-conception is determined by the way in which it is reflected or mirrored through the eyes of the other people involved, Allen (2001, p 58). As a SW, I believe it is my responsibility to try to really understand the SUs situation, from their perspective. Thinking about Ms. Bs situation, in terms of the two theories is very useful to me as a SW as sociological theories are helpful in providing insights into the perspectives of the SU. Therefore these two theories are helpful in helping to identify how Ms Bs situation may have come to being constructed and, so can be understood. For example, functionalism could help me understand Ms. Bs situation from the perspective of Ms. Bs culture, race, gender and mental health status: Ms. B could potentially, be multiply discriminated against along any of these. Analyzing and examining the SUs problems in a functionalist view can, therefore, give structure to my understanding of the problem as a social worker. Especially in terms of how SUs might be discriminated or oppressed against, Dominelli (2002). For instance, in Ms B. case, a functionalist analysis to her situation would consider the behavior of Ms B. as deviant, because it is preventing her from participating in society. She is seen as unable to fulfill her role as a mother and her social interactions are affected. Supposing that she has permit to work, it would be not possible for her to find or maintain a job due to her deviant behavior. Functionalists would consider this as a faulty socialization. Furthermore functionalism would view this situation as costing to society, as a result not contributing to the maintenance of the society functioning. This fault in socialization has to be fixed in order for Ms B. to fully participate in society and contribute in its maintenance; as a result the label put on her would be a form of social control. However as a consequence to the label, Ms B. would feel that her culture, race and gender are not taken into account and that she is being discriminated against, she may feel oppressed and at the same time socially stigmatized. The Robert Mertons (1938) Strain theory would be very helpful in better understanding Ms B. behavior. Durkheim (1895) suggested that the theory of Merton gives an idea of the individuals who have high expectations and are unable to fulfill them through structural means then strain occurs. Robert Mertons (1938) Strain theory modified the Durkheims Anomie to refer to the strain put on individuals when accepted norms conflict with reality.REF Linking this to the case of Ms B, her asspiration to enter paid employment does not coincide with her immigration status. Therefore this disparity between desires and fulfillment will be felt in deviant motivation. Evenmore this could be the point where Mrs B feels the strain and as a result deviates from the societies norms. Due to the variety of problems that Ms B. is currently facing, Agnew (1992) in Levinson (2002) would give another functionalist view to better understand her reaction to the label. He argues how the strain theory can lead to other deviant adoptions. Agnew criticizes the earlier strain theory, he argued that strain theory should generalize the concept to include all negative relations with others, rather than just the negative relations that are the result of striving from uneatable, but culturally mandated goals. Levinson (2002, p 79). It is not so much the unique quality no any single event but the accumulation of several stressful events within a relatively short time span that is consequential) Agnew (1992,) as cited in Levinson (2002, p 62-63). Ms B. immigration status may feel very oppressing to her. By not taking the medication prescribed as well as reacting in a deviant way, is the only way in which Ms B. can show her anger, which is accumulated by many issues during a short time. Agnew placed great importance to the feeling of anger as he argued that anger is the key emotion because it increases the individuals level of felt injury, creates a desire for retaliation/revenge, energizes the individual for action, and lowers inhibitions, in part because individuals believe that others will feel their aggression is justified as cited in Levinson (2002, p 60). While functionalism helped me to reflect on the possible ways a person can be discriminated against; even more it placed a great emphasis on my understanding of the importance of being culturally competent, especially in the profession of social work. In the other hand the labelling theory not only lead me to a deeper understanding of Ms B situations but also, helped me to understand the potential start of Ms Bs deviance behavior. For instance, once the label of mental ill was given to Ms B, she may well have chosen to simply organize her life around that label and adopt the new identity that was endorsed on her. In this way the self fulfilling prophecy comes into play. The act of labelling Ms B as someone with scrixophenia would had an adverse effect on her future behaviour. Deviance can be defined as a failure to conform to culturally expected norms of behaviour, which reflect the dominant values and rules of groups or society in a given period, Llewellyn et al (2002, p 90). As the labelling theory argues that the person is categorized and classified as deviant ; the stereotyped person has their identity reinforced, which in turn promotes the deviant behaviour that it is intended to prevent, Llewellyn et al (2002, p 90). When reading and applying the functionalist theory, it is obvious that this theory assumes that the middle class values are accepted throughout society. Therefore whoever deviates from this values it is regarded as having a faulty socialization. Even more as we see on the Anomie theory and the adapted strain theory, one can understand that there is an assumption that everyone aspires the same level of success. The labelling theory has been very helpful in developing policies, such as diversion from the courts and the criminal justice systems. However the labelling theory has its own limitations, it can be argued that it is too deterministic as it assumes that the deviant will accept the label, some people fight against the label and prove it wrong. As well as it does not consider the process that lead to the deviant behavior. There are other sociological theories that could also have helped to explain other aspects of Ms. Bs life, such as her living in poverty, which can lead Ms. B to be discriminated against and oppressed by mainstream society. Marxism conflict theory and anti-racist theory/black perspectives, would have been helpful in achieving a bigger picture of Ms B situation. For example Marxist would argue that Ms B is being oppressed against due to her social class, poverty and her ethnicity. There are past and current studies to show that a high number of people from black ethnicities, are being diagnosed with schizophrenia, with some studies reporting between two to eight times higher rates of diagnosis, compared to the White population mind.org.uk (accessed 16/12/09). Even more the past detention of Ms B under the mental health act would coincide with the fact that people from black ethnicities are more likely to be held under the Mental Health Act, and to receive medication rather than be offered therapies such as psychotherapy mentalhealth.org.uk (accessed 16/12/09). Applying the black feminist theories could have explored more about Ms B current situation, Black feminist would argue that Ms B may be facing oppression from her partner as well as they would argue about the mental label being ascribed to her as a result of her gender but most importantly her ethnicity. Also it is important to note that only the difference between Black Caribbean women and White women can be considered as statistically significant mind.org.uk (accessed: 28/12/09) In summary, it is obvious that actively considering and using sociological theories can allow meaningful analyses of the SUs problems.   As a result the SW practice becomes applied more, and of more use to the SUs. Theories would provide informed solutions to SUs problems in a more anti-oppressive and anti-discriminatory manner (Dominelli, 2002).   In conclusion one of the barriers to social work participation would be when service users are viewed in a stereotypical way, by the social worker. Every individual has a unique perspective of the world, and as such should be treated as an individual regardless of illness, colour or belief system. It is important that those in need of help and guidance be given access to it, and that the best possible outcome for the service user, is secured. This should be done with the help and support of all those involved, including health care professionals, social workers and the service users themselves, in order to enable individuals to become more independent and re-integrated back into society. References Jones, P., (2003). Introducing Social Theory. Polity, London. Gidens, A., (2006). Sociology , 5th Edition, Polity Levinson,   D.,   (2002). Encyclopedia of crime and punishment, Volume 1, SAGE Cunningham, J., Cunningham, S., (2008) Sociology and Social Work. Learning Matters. Dominelli, L. (2002). Anti-oppressive social work theory and practice. Palgrave MacMillan. Fernando, S. (2002). Mental Health Race and Culture. Palgrave. Rogers, A. and Pilgrim, D. (2003). Mental Health and Inequality. Palgrave. Macionis, J. J., Plummer, K., (2008). Sociology: A Global Introduction. Pearson. Haralambos, M., Holborn, M., (2008). Sociology: themes and perspectives. Collins. Llewellyn, A., Agu, L., Mercer, D., (2008). Sociology for Social Workers. Polity. Allen, L. R., (2001). The concept of self: a study of black identity and self-esteem.Wayne State University Press, http://www.mind.org.uk/help/people_groups_and_communities/statistics_3_race_culture_and_mental_health  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   (Accesed:28/12/09) http://www.mentalhealth.org.uk/information/mental-health-a-z/black-minority-ethnic-communities/#Afro_Carib   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   (Accessed: 16/12/09)

Importance of Maximising Shareholder Value

Importance of Maximising Shareholder Value Introduction Firms may have different objectives to achieve. However in theory, a firm should set its objectives to increase its value for its owners. Shareholders are the owners of a firm. Therefore according to theory maximising shareholders wealth is the fundamental objective of a firm. (Watson Head -Corporate Finance principles and practice 2007) Investors generally expect to earn satisfactory returns on their investments as they require increasing the value of their investments as much as possible. This is usually determined by dividend payout and or capital gains by increasing the market value of the share price. The managers of the company act on behalf of the investors, such as operating day to day activities and making decisions within the business. In another way they do have the control of the business entity. However, firms may have other objectives to achieve such as maximising of profits, growth and increasing its markets share. When achieving these objectives of a firm, conflicts may arise as a result of ownership and control. Managers may make their decisions on their own interests rather than achieving investors wealth. Discussing the investor related goals as described earlier, in theory behaviour of management should be consistent towards maximising shareholders wealth, enhancing the value of the business (Basely Brigham- Essentials of Managerial Finance).Value of the business is measured by valuing firms price of shares. Its essential to consider maximising of stock prices, and its impact to the investors and the economy as a whole simultaneously. Maximising profits is also an objective of a firm. It is determined by maximising the firms net profits. It is also can be described as a short term objective whilst maximising the value of the company is a long term objective for a firm (Financial Management -Kaplan Publishers 2009). Therefore it is not necessary, maximising profits as maximising shareholders wealth because there are number of potential problems can be occurred adapting to an objective of profit maximisation. It will be discussed in the latter part of the report. Earnings per share (EPS) is one of the main indicators of the firms profitability and it is a broadly used method measuring firms success, as it is determined return to equity in theory (Financial Management Kaplan Publishers 2009).However, EPS doesnt expose the firms wealth since it is determined by using firms net profits. Therefore EPS is also exist the same criticism as profit maximisation above which will be discussing in the later part of the report. During the past ten years have seen a much greater emphasis on investor related goals. The conflict of ownership and control can be recognised as one of the significant causes which were affected investors and the world economy in the past ten years. The corporate scandals such as Enron, Maxwell and World com which occurred recent past had been lost investors confidence towards capital markets. Therefore its essential to consider the ethical behaviour and social responsibilities towards shareholder wealth maximisation simultaneously. It can also be said the institutional investors such as insurance companies and pension funds had also made a significant influence on investor related goals in the recent past. Review of Literature OBJECTIVES OF PROFIT MAXIMISATION According to Watson and Head 2007, whilst individuals manage their own cash flows, the financial manager involves in managing cash flows on behalf of the company, and its owners. In a firm financial management is concerned with taking decisions in three key areas which are financing, investing and dividend policy. Watson and Head also mentioned, shareholders wealth maximisation as the primary objective of the firm and at the same time the existence of other stakeholder groups such as creditors, employees, customers and community are also affected when adapting to a corporate goal. However the firm may adopt one or several objectives in short term whilst its pursued the objective of shareholders wealth maximisation in long term(Basely and Brigham; Essentials of Managerial Finance). Therefore it is essential to be considered the other possible objectives in short term as well as long term simultaneously. Reviewing one of the main objectives of profit maximisation, a classic article of Milton Friedman in the New York Times magazine 1970The social Responsibility of Business is to Increase its profits (Poitras, Geoffrey 1994). Considering classical views of Friedman (1970), Grant (1991), and Danley(1991), Geoffrey analysed the connection between shareholders wealth maximisation and profit maximisation, as an foundation for establishing an ethical analysis for shareholders wealth maximisation. However, Friedman had a moderate view later relating to the concept of profit maximisation towards social responsibilities. (Pradip N Khandwalla, Management paradigms beyond profit maximisation 2004) While there were similarities between these two objectives, Solomon; 1963, chp.2 highlighted the inconsistencies in his classic article (Poitras, Geoffrey 1994). Considering the above views from different authors, Geoffreys suggestion was Even though there are significant consistencies between these two goals, the goal of profit maximisation has designed for the traditional microeconomic environment and for the firms which do not have the conflict of ownership and control. It is also assumed that its applied for the environment where there was no uncertainty and no stock issues( Poitras, Geoffrey, 1994). According to Keown, Martin and Petty, 2008; Lasher 2008; Ross Westerfield, and Jordan; 2008, Managers are encouraged to maximise its current stock prices by the shareholder theory, therefore the criticisms are understandable. This approach determines the existence of agency problem towards incentive schemes, as incentives are rewarded with the continuous growth of share price and leads to an unethical behaviour of managers, towards manipulating the firms current stock prices (Daniel, Heck Shaffer). CONFLICT OF OWNERSHIP AND CONTROL The conflict of ownership and control was first identified by Adam Smith (RBS Review 1937) and he suggested that the Director cannot protect the other peoples money with the same way that he protects his money (Tony Howell; Shareholder ship model versus Stakeholder ship model). Its also mentioned in Tony and Howells article, that the separation of ownership and control make a significant influence for corporate behaviour and its deeply discussed by Berle and Means (1932). But La Porta et al. (1999) argued against Berle and Means, and he suggested its different from the large corporations, because the shareholders of large corporations involved in corporate governance actively where managers are unaccountable (Tony and Howell; shareholder ship model versus Stakeholder ship model). Winch (1971) suggested the goal of profit maximisation is consistent with the ethical theory of utilitarianism whilst allocating resources under different circumstances. (Poitras, Geoffrey 1994). Having considered Winchs suggestion related to the utilitarian theory and profit maximisation, Geoffreys (1994) view was that, inter temporal behaviour is important for firms and efficient investment has a significant affect towards maximising of profits as a result of uncertain future cash flows. It is also discussed the potential conflict of ownership and control. Therefore Geoffrey (1994) suggested the separation of ownership, the decision makers (managers) and owners (shareholders) are involved to the corporate structure. SHAREHOLDERS Vs STAKEHOLDERS Even though most of the economists and authors acknowledge the theory of shareholder wealth maximisation (Berle and Means, 1932; Friedman, 1962), other authors argued the criticisms of shareholder wealth maximisation. They argued that Shareholder Theory encourages the managers to make short term decisions and behave unethically as a result of the influence of the other stakeholders. According to Smith (2003) believed Shareholder theory is prepared to maximise short term objectives at the expense of long term goals (Daniel, Heck Shaffer; Journal of Applied Finance; winter 2008). However Daniel, Heck and Shaffer analysed the reasons for the criticism and the misguidance of the shareholders theory in their article about shareholder theory, How Opponents and Proponents Both Get it Wrong? The misguidance has been occurred as a result of pursuing a long term objective in shareholder theory. Managers should maximise the future cash flows and its important to consider the stakeholders accor dingly (Jensen, 2002; Sundaram and Inkpen, 2004a). According to Freeman (1984) a firm should consider both shareholders and stakeholders when making their business decisions. However Daniel, Heck and Shaffer describes that the stakeholder theory determines the same criticism as short term behaviour but the shareholder theory has got the protection for both shareholders and stakeholders in the long run. Therefore stakeholder theory is not predominant to shareholder theory. Daniel, Heck and Shaffer suggested the expected future cash flows to analyse the above scenario and they argued that its essential to undertake all the positive NPV projects to maximise shareholders wealth analysing towards maximising current stock price. If there was a goal of increasing of current share price, managers who are rewarded by incentives may attempt to boost the stock price of the firm. However Jenson (2005) and Danielson and press (2006) argued the effort to increase or maintain the stock prices by m anagement could be destroyed the long term values of the firm by manipulation, unethical behaviour, delaying NPV positive projects, reducing or not spending on research and development. Jenson has taken Enron as an example for explaining the above scenario. The management of Enron had hidden their debts through off balance sheet activities and by manipulating the company accounts (Daniel, Heck and Shaffer). Therefore Daniel, Heck and Shaffer suggested that its essential to design strategies which are consistent with the objective of increasing future cash flows rather than adopting an objective of increasing of current stock price to maximise the wealth of shareholders. Freeman, Wicks and Parmar (2004) argued that all the recent business scandals are oriented toward ever increasing shareholder value at the expense of other stakeholders (Poitras, Jefforey; 1994) After a number of high profile firms collapsed i:e: Enron, WorldCom and Arthur Anderson in US and Maxwell, Polly Peck, BCCI, Barings bank in UK, its been determined the requirement of a good Corporate Governance (Tony Howell; the shareholder ship model versus stakeholder ship model). According to Tony Howell, Corporate Governance has been growing for the past 25 years and the foundation for Corporate Governance was placed, after the introduction of Cadbury report in 1992 (UK). Omran et. al.2002; Mills, 1998; Fera, 1997 suggested the importance of Corporate Governance as a result of the new entrance of Institutional Investors to Capital markets, Globalisation of Capital markets, increase of Stakeholder and Shareholder expectations(Tony and Howell). Analysis According to financial management theory, its assumed that the fundamental objective for a firm is to maximise shareholders wealth (Watson Head 2007). Analysing the suggestions and arguments towards fundamental objective, it can be seen that not only in theory but also in the real world it is essential to maximise the wealth of shareholder. Analysing the objective of profit maximisation, overriding the classical economics views by Hayek (1960) and Friedman (1970), other authors, Solomon (1963) and Geoffrey (1970) argued about the criticisms associated with the objective of maximisation of profits. The conflict of short term goal of profit maximisation and long term objective of shareholder wealth maximisation can be identified as the main conflict. If a firm adapts to an objective of profit maximisation and the managers are rewarded incentives for achieving it, the agency problem could be arise. Therefore in such a situation managers may take decisions towards their own selfish interests, rather than on shareholders. Achieving their self interest managers may reduce costs by cutting research and development costs, reducing quality control measurements, reduce advertising, using lower quality materials. At the same time the NPV positive projects could also be postponed to reduce their costs to determine more profits in s hort term. Producing low quality products, losing market share, losing customer trust on their products and finally reducing financial performance could be resulted as a result of using low cost strategies. It may lead the business towards insecure stock prices in long run. The other criticism is profit maximisation does not appraise the associated risks. Therefore managers may undertake higher NPV projects to determine higher returns. However higher the required returns, higher the risk (Peter Atrill; Financial Management for Decision Makers, 2008). Investing on risky projects will result future cash flow problems. However, shareholders are assumed as rational investors who provide finance for firms to invest in future projects. As rational investors they require a reasonable return for their investments. Therefore it can be suggested that objective of profit maximising is different from the wealth maximising. Even though shareholder wealth maximisation is the fundamental, firms are not being able to reject the profit perspective goals, because there are stakeholder groups who is interesting about financial activities in a firm. In addition to shareholders, Managers, Employees, Customers, Suppliers, finance providers and the community at large are included in the typical stakeholder group. Therefore its essential to take account of profit maximisation within the firm. As a result of these multiple objectives managers can easily pursue their own interest. In real world, financial statements are used to assess firms performance. However, profits are defined as profit before interest and tax, profit after interest and so on. Therefore the ratio of Earnings per Share is often used instead of profit which is calculated using the net profits and the number of shares issued. Investors usually use EPS as a measurement of valuing stock. EPS is mostly used as it contains of net income of the firm, and it is also used as an indicator measuring firms future cash flows. Although the disadvantage is EPS does not determine shareholders wealth. However, firms value should be determined by the future cash flows and the risk also need to be considered which is associated to the cash flow. However as mentioned earlier, profits does not take account of risks. I:e:Reported profit figures such as Biotechnological companies and other new economy ventures have insignificant relationship on its stock prices (Financial Management -Kaplan Publishers, 2009). Th erefore, in the short term theres an inconsistence between profit maximisation and increase in stock prices in a firm. According to Smith (1937), Berle and Means (1932) and Geoffrey (1994) the separation of ownership is involved the corporate structure. The conflict was mostly seen during the recent past, following the corporate scandals. According to Maria and William in the article of Privatisation and the Rise of Global Capital Markets (Financial Management; winter, 2000) The past years there was significant growth in capital markets valuation, growth in security issuance as a result of the privatisation programmes. The impacts of share issue privatisation are increasing market liquidity, pattern of share ownership (i:e: Individual and institutional investors such as Pension funds and Insurance Companies), and increasing of number of shareholders in many countries. However, globalisation was also affected on firms activities simultaneously. Therefore the firms (i:e: Enron Maxwell), which had poor Corporate Governance had the possibility to involving in unethical activities such as creative accounting and off balance sheet finance(Financial Management, Kaplan Publishers; 2009). At the same time Directors involved in high level of corporate takeover activities, achieving their personal interest such as empire buildi ng, large remuneration packages (Financial Management, Kaplan publishers; 2009). Further analysis of Stakeholder theory and Shareholder theory by different authors, Jenson 2005) and Daniel and Press (2006) argued the criticism of stakeholder theory, whilst Daniel, Heck and Shaffer (2008) and Freeman (1984) argued the importance of both shareholder and stakeholder theory. However, it can be suggested that the stakeholders play a significant role towards increasing shareholders value. As an example to motivate employees of the firm, they should be treated in a good manner by rewarding increments, bonuses and so on. Long term employee satisfaction could drive the firm towards higher performance and the development of the business by increasing higher productivity and better quality of products. Simultaneously, building up a trust among customers and acquire and maintain the industry leadership. At the same time shareholders provide finance for firms for its working capital management and noncurrent assets for its future projects. Therefore it can be seen an inter relationship and importance of shareholders and the other stakeholders. According to Peter Atrill, (Financial Management for Decision makers , 2008)In the early years financial management theory was mainly developed as part of accounting and the suggestions and arguments were based on casual observations rather than theoretical frame work. But after the number of high profile firms collapsed, the requirement of corporate governance occurred. Number of committees met and discussed to improve the Corporate Governance and the main concern was the conflict between shareholders interest and managers. Enron was the seventh largest listed company in US when its collapsed in 2001 as a result of manipulation of financial statements. Its affected to shareholders, more than 20000 employees worldwide, creditors and customers (Janis Sarra; St Johns Law Review ; Enrons Repercussion in Canada). The 11 titled Sarbanes Oxley Act 2002 CONLUSION By analysing the review of literature, it can be suggested that its essential to maximise shareholder value rather than maximising profits alone. However maximising profit is also can be defined as a performance measurement of a healthy business. Extremes of profit maximisation can also be caused unethical behaviour of management towards its shareholders and stakeholders. Although, Earnings per Share inconsistent with the long term value of shareholder, its still can be used as a performance measurement, since its got firms net profit. As a result of recent corporate scandals such as Enron, WorldCom and Arthur Anderson, shareholders and other stakeholder groups had given much emphasis on corporate behaviour. The unethical and illegal behaviour of those high profiled firms were lost investor confidence of capital markets. They identified the importance of Corporate Governance which provides the road map for managers to follow, pursuing different objectives towards the firm (Basley Brigham). At the same time the arrival of Sarbanes Oxley Act 2002 provided investors a much more confidence and strength towards capital markets. However, stakeholders are also important for firms. They are also treated well for the to maintain a Even there are conflicts between stakeholder theory and Shareholder theory, its necessary to balance these two theories. According to Cathy Haywards article (Black hole sums; Financial Management May 2003), during the period of May 2003 the pension funds in US and UK were in a bad condition. According to the assessment of National Association of Pension Funds, there was a drop in UK pension funds by more than 250 million in 2002. Its being told that there were many reasons for the crisis but, the huge drop in stock market during the economic down turn 2000-2003 has mainly been affected. The pensions funds are heavily depend on the dividend payments and the stability of the equity markets, as a result of the drop in share prices the pensions funds struggled to meet their obligations. References Besley Brigham Essentials of Managerial Finance Daniel, Heck Shaffer Journal of Applied Finance; Fall Winter 2008 Shareholder theory, How Opponents and Proponents Both Get it Wrong? Denzil Watson Antony Head Corporate Finance (electronic resource): principles and practice 2007 Management paradigms beyond profit maximisation Colloquium a debate by S K Chakraboty, Verghese Kurien, Jittu Singh, Mrityunjay Athreya, Arun Maira, Anu Aga, and Anil K Gupta. Maria K. Boutchkova William L. Megginson Privatisation and Rise of Global Capital Markets , Financial Management; Winter, 2000, p31-76 Peter Atrill Financial Management for Decision Makers 5th Edition 2008 (electronic resource) Poitras, Geoffrey Share Holder wealth Maximisation, Business ethics and social responsibility, Journal of Business Ethics; feb 1994;13,2;ABI/INFORM Global pg125 Rebecca Stratling The Legitamacy of Corporate Social Responsibility ; Corporate Ownership and Control; Volume 4; Issue 4, Summer 2007 Tony Ike Nwanji, Kerry E. Howell; A review of the two main competing models of Corporate Governance: The Shareholder ship model versus the Stakeholder ship model; Corporate Ownership and Control, Volume 5, Issue 1, Fall 2007

student :: essays research papers

Simple Machines   Ã‚  Ã‚  Ã‚  Ã‚  A windmill is a machine that uses the wind to turn a wheel of adjustable vanes, slats or sails. As the wheel turns, it turns a shaft, wheels, and gears that power machinery. It is more properly called a â€Å"wind pump,† but most people call it a â€Å"windmill.† Windmills have been used for hundred of years to power machinery used to grind grain such as wheat and corn. Today we also have windmills, called â€Å"wind turbines,† that generate electricity.  Ã‚  Ã‚  Ã‚  Ã‚   All machines are a combination of several simple machines or modifications of one. A simple machine is one that is moved by just one force. The six types of simple machines are the lever, the wheel and axle, the pulley, the inclined plane, the wedge, and the screw. A lever is a long plank, beam or bar that is used to move heavy loads. Examples of a lever are seesaws, scissors, broom, tweezers, and ice-tongs. A wheel is a cylindrical object that rotates about axis of the cylinder. Wheels are on cars and trains. Some wheels turn other wheels, like geared wheels on a bicycle or a clock. Some wheels turn together like the doorknobs, or the knobs on a televisions. A pulley is a grooved wheel. A rope is fitted into the grove and turns the wheel when pulled. An inclined plane is a very simple machine. It has a sloping surface that makes it easier to pull, push, or roll heavy objects. Examples are wheelchair ramps or a stairway. The screw is an inclined plane wound at its edge on a cylinder or cone. Examples of a screw includes faucets,   Ã‚  Ã‚  Ã‚  Ã‚   Saizan 2 screw-in bulbs, and screw-on bottle tops. The wedge is essentially an inclined plane such as knives, blades, nails, needles, pins, wood and axes.

Medicare In The 96 Elections :: essays research papers fc

Medicare in the '96 Elections Among the many differences between President Bill Clinton (Democrat) and Presidential Candidate Bob Dole (Republican), lays a common debate topic, Healthcare. The issue is the fact that funding in Medicare's budget will not last but another four years. Both Republicans and Democrats have ideas on how this budget should be reformed, but the two have not yet come to a median resolution. In the beginning of the Presidential campaign Medicare was a hot topic. It will be shown that as Election Day drew nearer Republicans were forced to attack President Clinton's policy because they had no substantial plan of their own. Prior to 1965, payment for a particular medical service was paid for either directly by the recipient of the care or by the recipient's insurance company. Usually to get full coverage or even coverage with a low premium the rates are outrageous. For this reason many poor, elderly and severely disabled Americans were unable to receive proper medical treatment. Then, in 1965, Lyndon B. Johnson proposed one of his Great Society programs, Medicare. Medicare would allow those who were severely disabled, elderly or poor to receive quality medical treatment without worrying about the cost . This government funded program would subsidize the service of physicians, inpatient hospital care and some limited home care. The money would come from that money set aside for Social Security. Medicare, along with its sister program, Medicaid, allow broad access to physician and hospital care to all disabled Social Security recipients, most all elderly and some of the poor. Medicare has two parts, A and B. Part A, which covers all enrollees, covers hospital costs only. Part B, also known as Supplementary Medical Insurance (SMI), is an optional plan for which a premium is charged. The SMI plan covers 80 percent of office visits, preventive medicine, surgery and diagnostic specialties (x-rays, etc.). What Medicare does not cover include: hospital stays over 60 days, extended nursing-home care, or the cost of lengthy illnesses. In the cases where Medicare will not cover costs, recipients usually use secondary retirement programs either from pension plans or retirement programs such as AARP (American Association for Retired People). Those who do not have such plans, are forced to drain their assets until they qualify for the sister program Medicaid. Medicaid is a program set up the same as Medicare but primarily for those who fall short of the state-specified income level. Costs covered by Medicaid are close to those covered by Medicare differing only by nursing-home care and treatment in state mental hospitals . In 1965, at the same time the

Poetry vs. Prose in Shakespeares Hamlet Essay -- Shakespeare Hamlet

Poetry vs. Prose in Shakespeare's Hamlet In any discussion of poetry vs. prose worth it's stanzas, questions regarding such tools as meter, rhyme, and format must come into play. These are, after all, the most obvious distinguishing features of poetry, and they must certainly be key in determining the definition, and in fact nature, of poetry. Yet a term as broad as "poetry" is not so easily quantified as to simply attribute physical characteristics to it and let all writing either fall into or out of that category. Poetry is determined by the effect upon the reader. It is an individual opinion, and thus defined by the collected (individual) reactions. Queen. There is a willow grows askaunt the brook, That shows his hoary leaves on the glassy stream, Therewith fantastic garlands did she make Of crow-flowers, nettles, daisies, and long purples That liberal shepherds give a grosser name, But our cull-cold maids do dead men's fingers call them. There on the pendant boughs her crownet weeds Clamb'ring to hand, an envious sliver broke, When down her weedy trophies and herself Fell in the weeping brook. Her clothes spread wide, And mermaid-like awhile they bore her up, Which time she chaunted snatches of old lauds, As one incapable of her own distress, Or like a creature native and indued Unto that element. But long it could not be Till that her garments heavy with their drink, Pull'd the poor wretch from her melodious lay To muddy death. -Shakespeare's Hamlet, Act IV Scene VII Take, for example, the above text from Hamlet. One of the more stirring monologues of the play, it describes the death of Ophelia in specific, touching terms. Think of the audience re... ...cess. One can only hope that it is better than, "You know, to muddy death." Poetry is the feeling that comes when a person sees something that strikes a chord in their chest which reverberates in the rhythm struck. How often have you heard something other than line poetry described passionately as "poetic"? It is a common word because it is descriptive of that wonder we have when we read truly good verse. It is a common word because after we feel it once (in that poetry), we know it again in other forms. Not all of those forms rhyme. The poetry is not the line placement, it is what the line placement helps express. It is simply a more effective (and more technically difficult) thing to accomplish when placed in meter. Poetry is that song that finds its way from within when we see it in some form before us, regardless of line or verse.

Cavleta Dining Services, Inc: A Recipe for Growth? Essay

What role (if any) have Calveta’s values played in the organization’s success? Calveta’s values played a significant role in the business’ success. He motivates and empowers the members of the staff. Antonio ensured that staff members viewed themselves as valued members of the organization and understands that their job is to take care of their clients, respectfully. The same approach was used with the clients ensuring them that the goal of the organization was to fully take care of their needs 2.Does Calveta’s operating approach offer a sustainable competitive advantage? Calveta’s current operating approach offers a sustainable competitive advantage. Calveta empowered employees to achieve their fullest potential. It was stated that in concept that the employees are the most important capital in the company and in order to uphold that concept the company invested in their employees and offered growth potential. Promote from within culture was evident at Calveta. 3.Why haven’t other food service providers copied Calveta’s approach? Antonio Calveta’s approach is the base for his organization. He worked hard to maintain the mission of the company. As a result of this, it would be difficult to duplicate his approach. The goal of the majority of companies is to make a high profit and that’s all that they would work towards. However, Calveta’s promise to deliver fresh products and provide great service creates a good profit margin without it being their focus. Calveta’s approach is costly to them but it works and produces a profit. Most other companies would not utilize such methods for fear of losing their profits. 4.Given Calveta’s communication and internal organizational challenges, how important will training and development be to maintaining growth and culture? Training and professional development are key to the maintenance of any company’s growth and culture. Leaders of any strong company should realize that improving skill set, increasing knowledge, and employees’ job satisfaction are important to the positive growth of the company. Providing training and development provides opportunities for workers to gain managerial skills and gain managerial skills and gain upward mobility in the company. 5.Calveta’s fifth goal is profitable growth. Goals one through four are more ethical in nature. Is goal five inconsistent with the first four? I believe that the fifth goal is consistent with the first set of goals. Goals one through four focuses on the clients and the employees, which are aligned to the company’s vision and mission. Once goals one through four are achieved, then goal five will automatically be attained because with increased clients, comes increased profits. 6.How, if at all, should Calveta’s organizational structure be changed to resolve communication issues, preserve the company’s culture, and support future growth? An internal survey usually is a useful tool to gauge employees’ dissatisfaction. From the collection of data, an action plan needs to be put in place to address the levels of dissatisfaction. In order to safeguard the company’s culture and support future growth, Calveta must achieve an acceptable level of communication among its units and departments’ heads. Restructuring will be an advantageous way of maintaining the Antonio’s way of culture. Effective cross-boundary work and collaboration required for dealing with complexity and change is required. Increasing engagement within the top leadership team and employees will help the company grow. 7.Should Frank Calveta move forward with an expansion into the hospital sector? With the proposed acquisition? Due to the current financial situation with the company the expansion into the hospital sector should be put on hold at this time. The expansion into the hospital industry should be proposal for a goal for future growth possibility. The proposed acqusitions advantages are ripe for expanding however, Calveta needs to clear up its financial and business issues before expanding with GSD.

”Ernie Breaks” by Genevieve Scott Essay

The minuscule point Ernie Breaks by Genevieve Scott is some ten year old Cara, who lives with her generate and her quondam(a) br early(a), Jed. The main themes in the short story are responsibility and expectations. It roll in the hay be elaborated to what you have to do, so you undersurface live up to ch eachenges you are approaching, and to keep abreast something that you are contemplate responsible for. sometimes you can non determine the expectations population have for you, or the responsibility is just too commodious for your shoulders. A nonher perspective is other mountain can in like manner set oppugn marks to the highest degree the expectations they have for you, or sometimes your effort is just not enough to fulfill other peoples expectations. Shortly to sum up the themes, the story reflects a regular difficulty concerning too high expectations and responsibility for infantile people.At the remainder of every develop semester their fuck off always b uys them a dismission present. The two siblings want a puppy, only when their pose says it requires too much time. Instead, they got a turtle to consider. The turtle is named Ernie.The theme and the primordial ideas are mostly told through the narrator, Cara. She is a young and precarious girl who lives with her make and brother. She is not very intelligent, for example gunstock 85-87 I have ont picture why we have to learn about broken numbers. If something is broken, its wrecked and nugatory anyway. If its not your fault that its broken, you usually tire outt necessity to address about it This summon can be referred to the whole story, especially the net sentence when she kills the turtle.The expectations and responsibility for Cara is visible, because she is meant to stock care of Ernie, nevertheless accidentally kills him by drop him on the floor. Even though she kills him, Cara did not say a word to her go, so the mother believes she has accomplished her re sponsibility for Ernie. It is easier for Cara to not tell the truth then admitting she failed her mothers expectations. In addition to the inverted commas last sentence, she says herself that if its not your fault that its broken, you usually dont need to careabout it. In this case, it is her fault that its broken, because she should take care of it. She contradicts her self by not telling the truth.Caras birth to her brother is like every other sibling relationship. They are not slender to each other, but at the end of the day, they have each others back. Jed is the one who get to keep Ernie in his room, but they shared playing with him fifty-fifty. Since they twain are allowed to play with him, the responsibility is also equally shared. In the text Jed acts strong-armer in front of his friend, Toby by ignoring his little sister. For instance in the text line 116-120 I look at Ernies tiny, twitching legs and I aspect like Im press release to be sick. Dont do it, Jed I say, Y oull hurt him Jed looks up at me, hair hanging over his eyes. mystic property He says. Youre being mean, I say.Dont be so gay Toby says. Turtles dont feel anything. They have shells This quote shows that she wants to get his attention, and feels sad because he does not listen to her. A typical older brother, who tries to be cool and act thug in front of his friends. Jed also fails the expectations his mother have for him because he played with Ernies little life in a short string.The symbols in the text are clearly more or less. Firstly, the turtle symbolizes responsibility the two siblings need to take care of. The mother trusts them by expectant them a pet, so they can share about the responsibility, but unfortunately ruins it. They do not tell her anything that has been going on while the mother is away. This shows the lack of responsibility of Cara and Jed. Another symbol can be Quit4Life, an organization that helps people stop smoking. Their mother is attending to their get together, but secretly she still smokes. That means she is imposition to Quit4Life and the same is her children, when Ernie dies. That cannot be a coincidence. It is all about social heritage. The way their mother is in the society will lastly reflect on her children. She is their everyday lineament model. They look up to her, and since she is lying to other people, why shouldnt the children lie.

Marketing Plan: Product and Performance Essay

As individuals become more conscious of your product, make certain they have easy to not only your own product, but to information concerning the item also.The cellular phone is easy to carry, manages schedules, and can perform all the business related tasks. The size itself has become important apart from mobility. The concept that we how are launching is of a radio and music player which is latest in the sense that you can wear it as a fashion accessory. Radio is considered to be one of the most important media apart from television and internet.The item needs to be technologically feasible.20 are extremely popular within the target market. The major target market for our product is the age between 15 and 26. According to the statistics, 30 million Pakistanis how are aged between 15 and 24. Considered in the context of total population (approx.

Think beyond the box, if you wish to launch check your merchandise into the market with a bang.This generation is the technologically accessorized generation, with everything hanging from their clothes, from cell phones to CD players, and computers are a way of life. This is a branded generation, brand names, association with the great life and other different symbols are important. The emerging concept of brand association amongst teens and adults, and awareness will make our product more appealing to the customers. Our Primary objective is to achieve get our product recognized and make the consumers to get performance of the product way much better than their expectations.For instance, you might provide a product that is quality that is high at even a support that is flexible or a premium cost.The higher secondary data for our assignment came from the internet, newspapers and magazines.Current Market Situation:The current market situation is that from the cheapest of cellular phones to the most expensive, every smart phone has at least a radio in it that works from earphones that do the job of an antenna or the smart phones carry wireless radio connectivity. Other than that most phones have music players. In such a market where mobile phones are treated as a necessity from quite a long while we’d enter with a product that has a awful lot of internal memory, long batter and works hand in hand with the fashion.

Even if your merchandise is the most recent economic advancement in the business it is likely to result in complete failure if theres no effective route to get to the target group of consumers.The basic concept that we are launching is of an earring radio and music player which is latest in the sense that you can abrasive wear it as a fashion accessory. We are  launching it under the brand name LAPCA. Radio is considered to be one of the most important media apart from television logical and internet. The major source in use during cricket matches, exercising in the morning and during traveling for work or school.Paid political Advertising How you promote your product is as vital as distribution.People would not need to get their ears pierced to wear long earrings and we bring music player and radio attached to such a small earpiece that would not be noticed much (like the other offerings of attached Bluetooth insert earphones that appear too large).Objectives and issues:Incr ease the profits by at least 10% in the first year of the launch. Issue: How to significant increase the awareness amongst customers about this product?To create 10% market share for the product and to work to improve it further. Issue: What great measure to take to identify the potential customers of the product in the market?To identify 5 potential outlets where to place the product initially.

Each approach good will be different consistent with service or the merchandise youre offering.We will market our product through multiple segment strategy, as we are be targeting GEN X and GEN Y belonging to upper class and upper middle class of our society. Through integral multiple marketing, Moby X can achieve market position as because it is a product which provides mobility, style and fulfills the needs of the consumers.Moby X is a part of the clinical most reliable and trusted technologies belonging to LAPCO which is using Japanese latest technology in it which would further strengthens the reputation it would acquire. Now days, how there is a growing trend of adopting the inimitable style which people will definitely feel after purchasing the product.Following that, you ought to be aware of customers will assign to your merchandise.Market Positioning:Moby X has been positioned in the customers mind as a part of their lifestyle it impeccable suited their personality. It has positioned on the personal following grounds:Made for you exclusivelyLifestyle and technologyEarrings with variety of colors and designFine-looking wrapping and easy to carryStatement:â€Å"Enjoy with Style†Ã¢â‚¬ ¢ Characteristics affecting Adoption:†¢ Relative Advantage: The first of new its kind is being introduced in the market; the concept itself will attract the customer.†¢ Compatibility: Moby X higher range of frequency will make it easier to add main channel and thus more value to the product. Secondly, memory of 20GB to carry your songs and making of playlists.

Marketing is a fundamental important part of business achievement.Age:Our product caters to women ranging from age 15-26 yrs old. Moreover, through our advertisements we have portrayed an active woman who is cold working out or busy in kitchen chores.Occupation:Moby X targets women belonging to each and every type of occupation whether it is a housewife, student logical and working women.Income:Our product Moby X caters to upper class and upper middle class.At times it is helpful to look at recent publication marketing as what it is actually a enterprise.SWOT AnalysisStrengthensBeing first of its kind to be launched in the marketThe smaller sizeThe mobilityThe attractive package and demo included in the gadgetThe exquisite location of electronic gadget’s other outlets in different mallsEasy to useIn accordance with the latest fashionAttractive mix of radio and music player hand in hand as a same fashion accessory Japanese technology, one of the most reliable manufactures WeaknessLimited warrantyRequires proper maintenanceBatteries are to be charged according to usage level thus requires cost to keep the little gadget workingOpportunitiesThe customers are fond of accessories which can help extend our accessories from earrings to rings, bracelets and necklace fair Hearing radio can replace the care tapes as being mobile and fashionable in nature Being a new product creating a new market the competition is minimized to a first great extent The distinctive attributes will outweigh the element of high price The opening of the new malls throughout the country with better electronic outlets will provide a better location to display the gadget There is an opportunity for line extensionNew technology is in its growing stage which helps attract customers with new its distinctive attributes The interests of teenagers in acquiring latest technology will further increase the market share Computer system placed at the electronic outlets could self help provide fr ee demos of the product at the outlet A survey at the outlet about the buying experience of the product and after sale experience can great help make the product more effective and increased customer satisfaction The smaller size and mobility if appreciated could provide line extension for the productThreatsThe electronic market is still under developed in PakistanThe fluctuating electronic logical and political conditions of the country can hinder the sale of the product Less awareness amongst the public about the electronic items The training of sales person for the productCompetitors can come up start with a similar and better product before our product is established The higher price of the product could lead to duplicate products in the market The health conscious people could negative resist the productThe fashion conscious people may not take the initiative to buy the productThe analytical buyerMarketing Environments (PEST ANALYSIS)Political:The fluctuating political environm ent in the country can be dangerous. Since the gross product being developed is manufactured in another country the support of the government is required to keep the government conditions in import and export stable logical and to strengthen relationships with the other country to grow the business further. Economical:The product that is being launched is an expensive product the economic conditions will determine the national income or the buying power of the consumer which indirectly will determine whether the people would be willing on the products that are not part of their basic needs.Social:Since the product is an earring radio and music player which would be fixed in an earring placed quite close to the ear can be considered as dangerous unlooked for the ear.

Your marketing program should begin with an executive summary.Moby X direct competitors are small radios (ear piece) and new mp3 players that can fit in ear easily.COMPETITIVE ADVANTAGEMoby X is not just a FM radio with music player but it is consider also a blend of fashion and technology. Long lasting Japanese battery gives it an edge over other mini radios logical and music players that have maximum life of 2-48 hours on continuous use. Providing maximum FM band range from 87-108 MHz among new its competitors who offer mini radios with FM band 88-108 MHz Furthermore, adding value to the music player with 20GB built-in memory which wouldn’t look small for at least 10-15 years from now.You want a marketing program, to increase your organization.Channel and former logisticA value delivery network is made up of the company, suppliers, distributors and ultimately customers. Here will be a layer of intermediaries that good will perform work in bringing our product and its o wnership closer to the final buyer. For our earring local radio and music player we will have both a direct and indirect marketing channel. We will have a customer marketing channel.

Marketing own plans are included in business plans, offering data demonstrating investors the way the corporation will increase and first and foremost how they how are going to guarantee a return on investment.LEVELS OF PRODUCTCore ProductMoby X provides a solution to its users that connect them to the global world and at the thk same time add value to their beauty. It is smallest in size but greater in quality and style that’s what the consumers want. Actual ProductMoby X, an earring radio and a music player.Augmented ProductCustomers are provided with the free demos of the product on computer system installed at the outlets and for further understanding, instruction booklet is also provided with Moby X.In addition, it can be explained as a method which helps a business to choose the best common use of its assets to achieve corporate aims.PRODUCT COMPOSITIONProduct Quality:Moby X works great, everywhere in the world, under brand name LAPCO using Japanese microchip techn ology logical and providing the FM band from 87 to 108 MHz’s Stereo-sound is really excellent plus 3-years money back warranty is also given. Product Features:Push-button Auto Seek new Microchip Technology so you can immediately and perfectly tune in stations (Automatic FM Tuning).Provides high quality stereo sound.Long last many Japanese battery included.

Seemingly, however good it is, a plan cant implement itself.Ideal for use in parties, sports, travels, hiking, working, Jogging, bike riding, boating, fishing, picnics, reading, camping, skate boarding, gift giving, foot and vehicle surveillance, to pass the time while waiting for subject, anywhere, everywhere, in the form of earring as simple microchip (radio). A music player main memory of 20GB built-in.Product Style and Design:It comes in many splendid colors with different style for female. It is designed in a way so as to increase portability.The advertising program would then summarize the objectives which need to be achieved in order to achieve the fifteen percent increase.Packaging:Moby X what comes in a square and heart shaped gift box.Labeling:All the important information is mentioned on the label. The label contains the name of the product, name of the manufacturer and distributors, warranty limit, warnings, guidelines on usage.Product Support:A booklet on guideline s regarding the product is provided with Moby X.

Done properly, your advertising plan is currently going to be the detailed roadmap you follow enhance the achievement of your company and to acquire customers.The price is aligned with other marketing mix covering the promotion, placement and product.Cost:The political organization has tried to achieve economies of scale but not the cost of quality. The cost is being monitored and is kept to a minimum by choosing the best second deals given by the supplier and managing the cost accordingly.Organizational Considerations:The price set has been influenced by different functions of the organization including the finance, manufacturer, sales logical and marketing and the higher  management.With your promotion plan bundle, you will have the ability to construct a advertising and marketing program.44ZI AM Radio Rs. 8405Tiny FM Radios (China Toy Factory Inc)Rs.1200Mini Mp3sRs. 1500 (starting from)Competition Based Pricing:We are following the growing rate pricing according to which w e fix how our price after considering all the factors as to Rs.

PROMOTIONMoby X being a new product in the market would require intensive advertising. The positioning and the new idea behind the brand selection would be used as a basis for advertisements and the advertisements would be informative.ADVERTISINGRadio:Radio FM channels would be able to attract the major cream who could use our product and create a positive word of mouth for others. Since they being the regular radio good listeners would be excited to use this product as they could carry the radio with them.Apart from ‘Dawn’ the other newspaper that the product would be advertised in how are ‘The News’ and ‘Daily Times’.Magazines:Moby X being a technology product it would be advertised in magazines as ‘SHE’ a leading magazine. Another magazine that is famous amongst out flat major target segment the teens is ‘Young Times’. It is Dubai based magazine is especially for kids.Television:The few major channels as HUM TV and GEO TV will be given the task to advertise the product.Websites:Msn.com/Click on line a website providing information regarding new technologies, funmaza.com a famous website viewed by most of the Pakistanis and Apniisp.Action ProgramsJuly: We good will launch a sales promotion campaign in Karachi city which should be estimated at around RS. 2 Million. During this period our main aim is to make the consumers aware of the product through excessive adverts it is  essential for us to educate our dealers and consumers properly. Our main conscious awareness campaigns will be concentrated toward the television and internet it will fix in a relatively low and economical budget.