Monday, December 23, 2019
Child Development And Childhood Development - 1564 Words
Child Development 2 to 5 Years By creating a decent understanding of parenting strategies and childhood development, this will help parents understand and comprehend exactly what to expect and how to provide what their child needs during each developmental stage of their life. All parents can benefit, also those who work with children can benefit greatly by increasing their knowledge, awareness and understanding of overall childhood development. The stage of child development I have chosen to discuss is 2 to 5 years old. This developmental stage is often referred to as the ââ¬Å"preschool yearsâ⬠where children learn a great deal. The reason I chose this stage is because I believe it is very broad and quite a bit goes on during this stage in a childââ¬â¢s life. When a child begins to take the first steps on their very own, they are free to explore and roam around their own little world; this opens up a brand new phase of development. During the preschool years, children are able to take huge leaps in lang uage development, discover independent nature, self/emotional regulation and rapid physical and intellectual development. As preschoolers enter and exit the ââ¬Å"terrible twos,â⬠their language skills change radically. Parents, caregivers and other family members play a strong role and influence on a childââ¬â¢s development of language and pre-literacy skills. The number of words a child can say during this stage increases not only highly but also very quickly. When children reach 2 years ofShow MoreRelatedChildhood Development And Child Development Essay2174 Words à |à 9 PagesMy topic is Early Childhood Development and this is the finding to know if attending pre-school or head start would help the childââ¬â¢s development and have the child more prepared for kindergarten. This topic is based on the social learning theory and how each family teaches their child differently. I have chosen to do my topic on Early Childhood Development because of my practicum being a developmental center (Inspire), also because I have a passion in working with families and children. This appealsRead MoreChild Development And Childhood Development1877 Words à |à 8 PagesIntroduction Childhood development encompasses the cognitive, physical, social, moral and emotional changes from birth until the end of adolescence (White, Hayes Livesey, 2013). Throughout childhood, environment and genetics promote or discourage growth and development. This essay will analyse the cognitive, physical, social, moral and emotional domains in relativity to my own development from the prenatal stage until adolescence. Psychological and environmental theories are used to develop theRead MoreEarly Childhood And Child Development928 Words à |à 4 PagesChildren that are well nurtured can live well and be sociable. Early childhood is the most rapid period of development in a human life. A child creates their own sense of identity. Indeed, it is important for a child to have a sense of identity. Although individual children develop at their pace, all children progress through an identifiable sequence of physical, cognitive, and emotional growth and change. The early child development approach is based on that children respond best when caregivers useRead MoreChildhood Development : Child And Adolescent Psychology1265 Words à |à 6 PagesChild and Adolescent Psychology Early Childhood Development Unit 9 Assignment Kenneth Peter Smith PS220 December 18, 2014 Professor Linda Smith So what goes on during Early Childhood - ages 3 to 6. Development is very crucial in every aspect of childhood but why is it important during early childhood? What goes on during this time frame in a childââ¬â¢s life thatââ¬â¢s going to dictate every aspect of the childââ¬â¢s life for now and evermore? Is this stage of a childââ¬â¢s development even importantRead MoreEarly Childhood Development : Child Welfare1640 Words à |à 7 Pages Early Childhood Development Rossy Sical SWK 346 Child Welfare Professor Carew February 3, 2015 Early Childhood Development Early childhood development is a fundamental key to a full and productive life. This stage of development is not only important because of its rapid development but also because it is the foundation of childrenââ¬â¢s future cognitive, behavioral and emotional well-being. Children during this stage require love and physical and verbal stimulationRead MoreChildhood Development And The Whole Child Concept Essay1365 Words à |à 6 Pagesearly childhood development and the Whole Child concept. Early childhood development is the study of childrenââ¬â¢s growing and development from eight years old to pre-birth. Explain why it is important to understand early childhood development. It is important to understand early childhood development because it helps to understand the children better. In order for the teachers to meet the childrenââ¬â¢s needs, they have to know how and what they need to do. Learning early childhood development is alsoRead MoreChild Development And Early Childhood Education Essay1193 Words à |à 5 Pageshe location chosen to do the twelve hours of service learning participation was the Early Childhood Learning Center. Interviews to the agency occurred on November 8th and 9th. The Early Childhood Learning Center (ECLC) is a child development and early childhood education center. ECLC was established the fall of 1970 to provide Early Childhood Education Majors an opportunity to familiarize themselves with children and their characteristics. ECLC is a great facility that not only helps children butRead MoreEarly Childhood Development: Breastfeeding and Child Milestones632 Words à |à 3 Pagesmost nutritional option. The CDC (center for dieses control) released a statement saying, ââ¬Å"Breast milk is widely acknowledged as the most complete form of nutrition for infants, with a range of benefits for infants health, growth, immunity and development (Nrdc.org, 2005).â⬠When an infant is born they are rapidly exposed to a multitude of new diseases and infections. Infant formulas are only able to mimic a very small amount of the nutritional components found in breast milk. One of the best thingsRead MoreThe Impact Of Early Childhood Education On Child Development1298 Words à |à 6 PagesImpact of Early Childhood Education on Child Development Over the past century, the role of education has greatly increased in areas all over Canada. It has grown in not just in the number of students attending, but also in the ways it has been offered. Before the 1960ââ¬â¢s, the education of children consisted solely of parenting done at home (Molnar, 2002, p. 2). Over time, due to the growing importance of education, schools have slowly begun to target younger and younger generations. As a resultRead MoreChildhood Development : An Reliable And Affordable Child Care Essay2067 Words à |à 9 Pagesmany families in America struggle to find reliable and affordable child care? The problem is epidemic; households spend close to $30 billion a year due to this child care problem. The government should step in and offer more support to these families by developing a government sponsored day care system that would be staffed by professionals trained in early childhood development. This would help solve the reliable and affordable child care p roblem because the fees would be based on a familyââ¬â¢s income
Sunday, December 15, 2019
Ford Motor Company Swot Analysis Free Essays
Ford Motor Company SWOT Analysis Strengths â⬠¢Timely acquisition of capital makes Ford more financially sound than the other Big Three carmakers. â⬠¢Product line is respected by industry experts and is qualitatively seen to be a step above many of its competitors. Recent surveys place Ford in a tie with Toyota for greatest customer satisfaction, a significant improvement from five years ago. We will write a custom essay sample on Ford Motor Company Swot Analysis or any similar topic only for you Order Now â⬠¢Have a global market presence, with worldwide brand recognition and a particularly strong presence in Europe. â⬠¢Is perceived to be a thoroughly ââ¬Å"Americanâ⬠brand, which helps Ford among certain groups of consumers. U. S. market share, after years of decline, has stabilized in recent years. â⬠¢The Ford F-series pickup remains the most respected commercial truck available; despite demand shifts, profitability on this line should remain high. â⬠¢Ford has had great success, particularly when compared to its competitors, at renegotiating labor contracts with the UAW. Weaknesses â⬠¢Poor Profitability: Ford still loses money on many automobile lines, particularly within the United States. â⬠¢Importance of single components source (Visteon). The automotive market is highly competitive with large fixed costs. In addition, the market demands continual long term planning and research and development. â⬠¢Very little market penetration within China and India. â⬠¢Global excess capacity for the automobile industry is estimated to average 30. 5 million vehicles per year from 2009-2011. 9 â⬠¢Ford is selling a durable good during the most severe economic downturn in recent history. Opportunities â⬠¢Ford has recognized the importance of small, fuel efficient vehicles and is actively transitioning into this market. Of particular interest is Fordââ¬â¢s ââ¬ËEcoBoostââ¬â¢ technology, which the company claims will result in 20% greater fuel efficiency and 15% fewer CO2 emissions. â⬠¢The ââ¬ËOne Fordââ¬â¢ vision has the chance to generate significant margin increases for Fordââ¬â¢s smaller line of vehicles. Of particular importance is the Ford Fiesta, which was recently released in Europe and China and is slated for an early 2010 release in North America. The ââ¬ËOne Fordââ¬â¢ vision appears to be a coherent strategy for Ford to adopt given its changed role within the industry. Ford is perceived to be the most stable ââ¬ËAmericanââ¬â¢ car manufacturer because it has not been forced to take bailout money, leading to slight increases in market share. â⬠¢GM and Chrysler flexibility is limited by government involvement in their debt situation, putting Ford as a competitive advantage. â⬠¢In the event of a GM or Chrysler bankruptcy, Ford has placed itself in a pos ition to steal market shareââ¬âat least in the short term. Threats â⬠¢While not in need of a government bailout, poor financial results are straining Fordââ¬â¢s capital. Cash burn continues unabated, and estimates indicate Ford may be forced to seek government financing by early 2010 unless sales stabilize. â⬠¢While Ford is readjusting production, truck sales are falling rapidly and Ford may not be able to shift production quickly enough to meet changing demand. â⬠¢Bankruptcy of Visteon or other parts supplier could cause severe disruption of supply chain. â⬠¢While Ford has too many dealers at this time, it should remain wary of too many closures. In addition, because Ford Credit provides financing for most dealers it must be careful to avoid holding the bag when dealerships close. How to cite Ford Motor Company Swot Analysis, Papers
Saturday, December 7, 2019
Confidence. My college essay. free essay sample
If you were to ask a number of kids at my high school to describe me in one statement, I bet you most would sadly say lacking confidence. While having no one relatively close to my age in my immediate, as well as extended family, I formed a path for years to follow of feeling alone and constantly keeping things to myself. In school especially, I refrained from expressing my thoughts and put so much of my attention on the lives of other people. For the longest time, I really did not mind being the listener. Their stories were so interesting and full of excitement; I was always entertained. In the midst of purposely never being the center of attention, I created an addicting habit of being obsessed with appearances and acceptance from others. My obsession of trying to impress people looks wise has come with an unfortunate cost; literally. I dare you to name any kind of cosmetic or beauty product, Im more than certain Ive probably bought it. We will write a custom essay sample on Confidence. My college essay. or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ive gone to great lengths to astound my peers physically and let that hinder my confidence in what I say and do. Ive put all of my focus in presenting myself with outer beauty in an attempt to gain confidence and cover my fear of being rejected socially. During the summer going into my senior year, I started the great college search. Beginning this long process was so overwhelming at first with all the applications, qualifications, tours, and deciding what I wanted to do during the years to come. It really hit me that sooner rather than later, I was going to be taken out of my so called comfort zone and expelled into the real world. This none the less scared the living daylights out of me. While looking through the pamphlets of colleges I wanted to attend, I was not surprised to find that blondes most accepted or average number of friends were nowhere to be found. As cliche as it sounds, the light bulb finally went on. I realized that while being caught up in a world of trying to strike my peers appearance wise, I forgot to focus on what I know is more important and satisfy myself. Dont get me wrong, Ive always known that education truly is the key to success, but I would be lying if I told you it was always a top priority of mine. It was a bittersweet feeling when I discovered my class rank and GPA sitting in my guidance counselors office, because I know that they did not reflect my potential and were affected by my out of whack priorities. This was the eye opener for me and it was here where I decided for once in my life I wanted to satisfy me, myself, and I. Over the next couple of months I made an honest effort to focus less on other people and their opinions and focus on myself. When my homeroom teacher placed my report card on my desk upside down, I was nothing less than anxious to flip it over immediately. I knew how hard I had worked academically that quarter and was just hoping for the best. I scanned my eyes down the column of straight As and felt something that was so new to me; real self-assurance. I didnt care who was staring at me, or how dumb I mustve looked smiling from ear to ear at a piece of paper. For once I wasnt concerned about what people thought about me, because I was incredibly proud of myself. I of course still make a huge effort to present myself well on the surface, but I now have a new found confidence that will help me carry a good head on my shoulders into the real world, and is greater than a perfectly straight smile or bleach blonde hair could possibly ever give me.
Saturday, November 30, 2019
The Politics of Equitable Development in Malaysia
This paper was initially meant to be a presentation in an event hosted by the American Political Science Association. The association commissioned the study and it owns the copyright to this research. The paper is a study focusing on the impressive growth of the Malaysian economy and its origin. The presentation is titled ââ¬Å"The Politics of Equitable Development in Malaysiaâ⬠and it was first presented in 2002.Advertising We will write a custom report sample on The Politics of Equitable Development in Malaysia specifically for you for only $16.05 $11/page Learn More The presentation covers various political and economic activities in Malaysia beginning from the late 1960s to the early 2000s. The article pays special attention to Malaysiaââ¬â¢s New Economic Policy (NEP) of 1969. The paperââ¬â¢s main argument is that ââ¬Å"the pursuit and achievement of equitable development is largely a function of political dynamicsâ⬠1. The article b egins by noting that Malaysia has had an impressive rate of progression. This progression has led to a stable economic growth. According to the article, this growth is as a result of both social and economic policies that specifically target the poor in Malaysia. In addition, it is noted that the New Economic Policy is at the centre of the integration between social and economic policies. The article continues by noting the two goals of the NEP that were spelt out in the Second Malaysian Plan. The mode of inequality eradication in Malaysia is compared to that of China. The paper states that unlike in China, poverty eradication did not focus on a single policy. It is noted that among the policies initiated through the NEP include social spending, rural development, industrial restructuring, and human capital2. The article then continues to explore each of these policies independently. The presentationââ¬â¢s main goal is to investigate the role of political dynamics when Malaysia w as pursuing equitable development. The article lists the records of economic growth in Malaysia from 1971 to 2000. The incidences of poverty in Malaysia between 1970 and 1993 are also listed. The list indicates declining incidences of poverty and a sustained economic growth. The study then explores the structure of the NEP. According to the paper, the NEP was initially meant to steer the countryââ¬â¢s economy and reduce incidences of poverty across Malaysia irrespective of race or ethnicity. The NEP was representative of both the interests of the poor and the capitalistic class. The article then discusses the rural development policy. It is noted that rural development in Malaysia mostly focuses on the agricultural sector but also spreads to healthcare and institutional support. The taxation and public expenditure policy is also addressed in this presentation. This policy is said to have been successful in redistributing wealth.Advertising Looking for report on business eco nomics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The article goes on to explore the role of health and educational policies as tools of poverty eradication. By formulating effective educational and health policies, the Malaysian government was able to demonstrate an equitable redistribution of resources. The article concludes by restating the main argument and listing the challenges associated with the Malaysian political and economic actions. The ignored areas of growth are also listed in this presentation. The strong points of the implemented policies are then restated. One of the elements that I found to be of importance in this presentation is the multi-layered policy implementation by the Malaysian government. Most countries always tend to rely on a single policy to effect significant economic, political, and social change. This presentation details an ensemble of policies that were used in countering inequality and poverty in Malaysia . This means that this ââ¬Å"East Asia economic miracleâ⬠did not depend on a single enforcer or policy but it was a collective effort3. Most of the other countries that have successfully dealt with the inequality issue have had to rely on communistic policies. For example, the Communist Party in China reformed the land policy in order to deal with the issue of inequality once and for all. Although this policy was largely successful, it undermined the spirit of capitalism. However, none of the Malaysian-based policies directly undermines capitalism. This makes the Malaysian case to stand out from most of the other recorded economic turnarounds. Some policies such as institutional support and capital grants are always employed in communist economies. However, they are mostly structured in such a manner that they support communism. This was not the case in Malaysia because even capitalists benefited from the NEP. The political aspect of the battle against inequality and poverty in Malaysia presents an interesting angle to this paper. This is because the marriage between effective economic and political policies is rarely witnessed. In Malaysiaââ¬â¢s case, the dominant political party had a substantial capitalist representation. This group would have wanted the status quo to remain in order to safe guard its capitalistic interests.Advertising We will write a custom report sample on The Politics of Equitable Development in Malaysia specifically for you for only $16.05 $11/page Learn More This is why the effectiveness of the NEP is often referred to as an Eastern Asia Miracle. There are those who argue that the success of the NEP was occasioned by the 1969 ethnic riots. This group argues that the government was hard pressed by the unfolding events and something drastic had to be done. However, the sustainment of these economic policies refutes such claims because the government could have undermined the policies after the situ ation reverted to normal. The ââ¬Å"miracleâ⬠element of this economic turnaround is also highlighted by the economic situations in other developing countries. Over half of the developing countries in Asia and Africa have at one time or another attempted to undertake an economic policy similar to the Malaysian NEP. Many of these policies fail due to lack of political will and the fact that most politicians are the main beneficiaries of social inequality. It is also important to note that in the course of over four decades that the Malaysian economy has flourished, the countryââ¬â¢s economic policies have not received any major threats from the political class. All these facts make this Asian economic miracle seem more impressive. The manner in which this presentation is structured leaves little room for errors. However, the presentation should have compared the developments of the Malaysian economy to other economies outside the Asian continent. This is because some economi es in South America and Africa bear striking resemblances to the Malaysian economy. Comparing Malaysia with China and India is somehow out of line because of the obvious differences in population and GDP. On the other hand, several countries in South America and Africa resemble Malaysia in terms of population, GDP, reliance in Agriculture, and low industrial development. The researchers should have been able to make this connection. In addition, most of these countries have used Malaysia as the case study for formulating their own economic policies.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This article offers an insightful presentation on the role played by politics in effective implementation of economic policies in Malaysia. The presentation offers a detailed account of the events that have transpired over the course of four decades since the NEP was formulated. Bibliography American Political Science Association. ââ¬Å"The Politics of Equitable Development in Malaysia.â⬠Presentation at the Annual Meeting of the American Political Science Association, Boston, MA, August 28-31, 2002. Footnotes 1 American Political Science Association. ââ¬Å"The Politics of Equitable Development in Malaysiaâ⬠(Presentation, Annual Meeting of the American Political Science Association, Boston, MA, August 28-31, 2002). 2 American Political Science Association. ââ¬Å"The Politics of Equitable Development in Malaysiaâ⬠(Presentation, Annual Meeting of the American Political Science Association, Boston, MA, August 28-31, 2002). 3 American Political Science Association. à ¢â¬Å"The Politics of Equitable Development in Malaysiaâ⬠(Presentation, Annual Meeting of the American Political Science Association, Boston, MA, August 28-31, 2002). This report on The Politics of Equitable Development in Malaysia was written and submitted by user Taraji Michael to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Tuesday, November 26, 2019
Everything You Need to Know About Writing an Interesting Paper Outline
Everything You Need to Know About Writing an Interesting Paper Outline After choosing a great topic and stating strong arguments, it can be hard for many people to write interesting academic papers. You may have many points or thoughts about where you prefer assignment to go, but you will fail to write a good one without your detailed plan of action. This is when an outline comes in handy. Itââ¬â¢s a general plan of everything you will discuss in your essay. Itââ¬â¢s an effective tool to organize the main facts, connect all ideas, and find the best order to present your major point in a concise manner. What is a Paper Outline? You can easily define it as an efficient organizational plan (about 1 page long) that will help you complete academic assignments. Itââ¬â¢s the best way to organize or guide your ideas. An outline breaks down your paper in a hierarchical and clear manner to help you determine its final format or flow. Include such basic parts of any paper outline as body paragraphs, your strong conclusion, and introduction with a thesis statement. Why do You Need a Paper Outline? Spending your time on making a paper outline will improve your understanding of a specific subject and simplify the entire writing process. Some teachers even ask their students to submit a plan before they start completing academic assignments because itââ¬â¢s very helpful. Why should you create a paper outline? There are different reasons to do that, including: Showing the logical order or hierarchical links of background information; Keeping track of your search; Organizing different threads. ORDER PAPER OUTLINE 6 Basic paper outline purposes Helping you to organize a list of all thoughts; Simplifying your process of writing; Showing connections in ideas; Presenting your writing in its logical form; Determining groups or special boundaries; Constructing a brief and ordered overview of your essay. How to Plan your Paper Outline It can help you organize all ideas before you start, but you should pick a brilliant topic first. You can choose a broad subject because creating a detailed plan will help you narrow it down to come clear arguments. Your outline will help you plan the structure of any paper. What is an Introduction? In this essay paragraph, itââ¬â¢s necessary to clearly state your major argument, purpose of your academic assignment, and how you will approach a particular topic. Briefly explain the points that your paper outline covers, why targeted readers should feel interested in your subject, and answer a few basic questions. Why are you writing your essay? Is it a book review or a problem analysis? Body paragraphs - in body paragraphs, you present strong arguments, develop relevant discussions to support your thesis, and make readers believe that your stance is correct. Find a few supporting facts for every major point. Start with a strong argument, write separate topic sentences and transitions. What is a thesis? It declares your beliefs and what your essay will prove. A strong thesis can make a huge difference in retelling facts and your thoughtful academic assignment, so state it powerfully. It helps you focus your research because you should check many sources of information to identify key questions and choose suitable materials for your paper outline. Place your thesis at the end of your introduction. A concluding paragraph - this section should reword or restate your thesis, sum up all arguments, and explain why you make a specific conclusion. How to Write your Paper Outline Start with ordering your major subtopics in a chronological or any other suitable order and label them with Roman numerals. Choose a few points for every category. Make this choice based on the purpose of your writing and all the supporting materials that you have because they will structure the second level of your paper outline. Indent and label them in letters. Feel free to expand your ideas with sub-points if needed. If any of them are big topics that require extra details to explain, put them in the next level of your paper outline. Indent and label them in ordinary numbers. Add more layers if needed and use lowercase letters, numbers, and lowercase Roman numerals to create your logical paper outline. Most students prefer to include 3-4 layers in their paper outline. Look at your prepared outline and think about a conclusion and if it matches the goals of writing your academic paper. Add more subtopics if you donââ¬â¢t have enough facts to support it. GET HELP WITH AN OUTLINE FOR MY PAPER Set important paper outline goals Your essay can inform other people about a given topic, persuade them of your stance, or reflect on personal experiences. Set basic goals for your academic assignment and use these effective approaches: Present causes and effects of any significant historical event (conduct your in-depth research); Compare and contrast events, people, or books (apply your critical analysis skills); Describe how personal experiences shaped you (practice excellent communication skills). Gather supporting materials Theyââ¬â¢re useful for your paper outline and final drafts. Pay attention to subtopics with relevant ideas, stats, or quotes because they will become major parts of your detailed plan. Note down where you get any information to avoid plagiarism. Pick the best paper outline type There are two basic options to choose from: A sentence outline of your paper uses complete sentences, relies on many details, and lists separate bullet points; A topic outline of your paper uses short phrases. If you have any difficulties with your paper outline, our helping hand is only a few clicks away because our professional writers are ready to complete assignment for you at affordable rates.
Friday, November 22, 2019
Australian Surging Housing Prices
The surging housing prices in Australia is spearheaded by the acceleration in the Sydney Australian, the largest as well as the most expensive market. As reflected in the most recent Home Value Index by CoreLogic RP Data, the capital city has its housing prices surging by 1.6 percent in May. This shot in housing prices left the rise over the first five months of the year at five percent (Draper 2000). The medium dwelling price in Australia across the nation pegs at $580,000. The trend has shown no slowdown but has rather bucked the anticipation from the various parties early in the year that prices of houses were due to deteriorating. The surging price is a clear manifestation of the high rise construction booms beginning to influence the values of the apartments (Karantonis and Janet Ge 2007). A greater proportion of the price surging evolved from free prices that lurched 1.8 percent thereby overwhelming a smaller 0.1 percent rise in units. The strong 3.1 percent growth in Sydney that accounted for the gains witnessed in May that took median dwelling price to $782,000. The past quarter saw the prices in Sydney jumping by a record 6.6 percent leaving the gain over the previous year at 13.1 percent. The prices of housing outside Sydney in all capital except Perth recorded gains of between 0.1- and 2.5 percent (Duca, Muellbauer and Murphy 2010). Despite being far below the pace witnessed in Sydney over the same period, there was a thirteen percent price surging by May 2015, and this was the fasted annual pace across Australia. The price leaped by 0.1 percent in Brisbane while it shot 0.7 percent in Darwin. In Canberra and Hobart, the surging were 2.2 percent and 2.5 percent in that order. Perth which is the most exposed capital to the mining sector fortunes and it went on record as the single capital to have recorded a decrease in the prices of the housing of 2.7 percent. Since May 2012, Australian Housing prices have increased by 36.6 percent with Sydney recording a surging of 57.5%, the steepest rise over the period (Rahman 2008). The record in Sydney showed that it outpaced gains of 18.5% and 39.4% for Brisbane and Melbourne respectively that took third and second spots.à à From the above table, the monthly, annual, as well as quarterly changes in the prices of house crossways Australia's capital besides the current median value per city, have been revealed. It has been suggested by Lawless, the leader of research at CoreLogic that a rise in investor operations ahead of the federal election probably accounted or hastening in property prices in Sydney in May. It has been noted that the degree to which the investors fuel the recent outpouring in Sydney home value is challenging to quantify (Rahman 2008). Nevertheless, the data from housing finance to March demonstrated that investors have been trending upward since hitting the latest trough in November 2015 at 42.9 percent as a proportion of the whole new mortgage mitments. Data drawn from March indicates that investors currently entail 47.6 percent of the whole new mortgage obligations that is the highest proportional reading since August 2015 (Rahman 2008).à à à à Other factors that have led to surging prices include short-term factors (interest rates, investment demand, and economic climate) institutional factors (financial deregulation as well as innovation, land supply as well as land-use planning system and government taxes, levies as well as charges). Long term factors include demography, wealth effects and economic growth. The Australian government can embrace various macroeconomic factors to guarantee housing affordability to the young generation. It has been shown that government taxes, charges, and levies account for the surges in housing prices (Rahman 2008). The government imposes taxes, levies a well as charges at all levels in Australia on the urban land development and development. Investors, therefore, face such costs as developer levies, stamp duty on both transfer and sale of land as well as land tax alongside GST on new house construction as well as renovation of the existing houses. The government can subsidize the housing sectors through reduction of these costs to ensure that developers do pass these burden to the eventual housing prices. This will reduce the ââ¬Ëtotal indirect task takeââ¬â¢ which is noted to be above $124,000 in Sydney and over $88,000 in Melbourne. Without this, this cost will add up to a remarkable ponent of prices of house and hence the lack of affordability of the housing for the young generation (Rahman 2008). Both land prices and affordability correlate with the price of land that is determined by the developed urban land supply. The supply of residential land is influenced by the cost of development, the land development industry structure, and rules as well as the effectiveness of the land-use planning system (Ge and Williams 2015). The government has the power to control land uses which impact on both availability of developed land as well as the related cost of such lands. Since it takes quite some time to bring the underdeveloped land into mercial use besides the lags cost by government regulation on land use which decreases the short-term responsiveness of land supply to immediate land demand pressure, there is a need for the government to waive or reduce the lag (Draper 2000). Reducing this land would mean that the inelastic short-term price of supply is eliminated. Accordingly, since it the short-term price inelasticity of supply is an accelerator of price surging, its removal wil l result in affordable housing prices for the young generation (Oster and Miller 2005). à The government can also respond to increase in housing prices through interest manipulations. This is because for a given level of price, the rates of interest means reduced mortgages repayments. With a reduction in repayment, developers have increased the opportunity of borrowing at any repayment to- i e ratio. The effect of this would be a rise in the demand, and hence housing prices increase ceteris paribus. Conversely, a surged rate of interest will ease the demand (Bourassa, Hendershott and Murphy 2001). The effect would be either stagnating prices, a moderate rise in price or declining prices depending on the aggregated influence of other factors. The government should control the prices of the housing by ensuring a high but stable interest rate so as to eliminate the influence that nominal mortgage rate of interest has on real house price surging both in the short- and long-term. This action will try to weaken the lasting effect that lower rates of interest have had on prices rise in the previous years that are still being felt to date through hiked housing price in the country (Bourassa and Hendershott 2005). The government can also make sure that housing is affordable by controlling the wealth effect. Every society perceives housing as a central store of wealth. It is acknowledged that gross housing assets account for over 50% of the total personal wealth in Australia. Owner occupier, as well as landlord-investors, have a feeling of wealth when the prices of the existing houses are hiking (wealth effect) resulting in a rise in consumption spending (Bewley, Dvornak and Livera 2004). Accordingly, the aggregate demand and hence economic growth results in support of the increasing prices of the house via a self-reinforcing cycle. The current surging in prices have resulted from this and hence the government must not allow this to continue into the future. The government should curb the wealth effect by ensuring that prices of the existing housing do not shoot (Badcock 2009). The government needs to make sure that cases of decreased supply of affordable private rental housing, dwindling suppl y of social housing as well as prolonged time consumed to release new land are eliminated since all these are an essential recipe for lurching house prices in Australia. The stamp duty concession, grant and cash assistance to the occupants by Federal Government First Home Owners are only but costly failures as they have perpetuated increase in expensive houses (Badcock 2004). These policies have failed as they only work on the ââ¬Ëdemand sideââ¬â¢ of the housing market with no precise and significant rise in the supply of affordable housing. The government must focus on affordability policies that tend to increase housing supply especially low-cost housing. Reduction of the duration taken to bring land and housing to market must receive particular attention henceforth. The desirable land supply a panied by proper transport facilities and infrastructure alongside the affordable rental housing supply has to be enhanced. The government must give support to the marginal purchasers via appropriate assistance to dwell in their homes (Ahearne et al. 2005). The government needs to develop a national affordable housing strategy that will be helpful in the reduction of housing stress alongside housing crises in Australia.à Ahearne, A.G., Ammer, J., Doyle, B.M., Kole, L.S. and Martin, R.F., 2005. House prices and monetary policy: A cross-country study. International finance discussion papers, 841. Badcock, B., 2004. ââ¬ËSnakes or Ladders?ââ¬â¢: The Housing Market and Wealth Distribution in Australia. International Journal of Urban and Regional Research, 18(4), pp.609-627. Badcock, B., 2009. An Australian view of the rent gap hypothesis. Annals of the Association of American Geographers, 79(1), pp.125-145. Bewley, R., Dvornak, N. and Livera, V., 2004. House price spirals: Where the buck starts. mSec, monwealth Bank, Sydney. Bourassa, S.C. and Hendershott, P.H., 2005. Australian capital city real house prices, 1979ââ¬â1993. Australian Economic Review, 28(3), pp.16-26. Bourassa, S.C., Hendershott, P.H. and Murphy, J., 2001. Further evidence on the existence of housing market bubbles. Journal of Property Research, 18(1), pp.1-19. Draper, D.A.G., 2000. Rent control and the efficiency of the housing market. Duca, J.V., Muellbauer, J. and Murphy, A., 2010. Housing markets and the financial crisis of 2007ââ¬â2009: lessons for the future. Journal of Financial Stability, 6(4), pp.203-217. Ge, X.J. and Williams, B., 2015. House Price Determinants in Sydney (No. eres2015-230). European Real Estate Society (ERES). Karantonis, A. and Janet Ge, X., 2007. An empirical study of the determinants of Sydneyââ¬â¢s dwelling price. Pacific Rim Property Research Journal, 13(4), pp.493-509. Oster, A. and Miller, P.W., 2005. House Prices-Drivers and Links to the Broader Economy: Rational or Irrational Exuberance. [Department of] Economics, University of Western Australia. Rahman, M.M., 2008. Australian housing market: causes and effects of rising price. In Proceedings of the 37th Australian Conference of Economists (ACE 2008). Economic Society of Australia (Queensland).Ã
Wednesday, November 20, 2019
Burns Essay Example | Topics and Well Written Essays - 2000 words
Burns - Essay Example The tissues involved are his skin and that of the oro- respiratory tract. Most of the burns are 2 and 3 rd degree burns. This patient has 45% burns along with inhalation injury. Damage to the tissues of the body as a result of heat, chemicals, electricity, sunlight or radiation is known as burns. Burns can cause swelling, blistering, scarring, shock and even death (Burns, Medline Plus). The most common type of burns is thermal burns. Burns are a common cause of mortality and morbidity. Injuries due to inhalation and subsequent pulmonary complications contribute to the mortality. It has been estimated that 50-60% of fire deaths are secondary to inhalation injury (Nettina 2006). The response to burns is the one similar to inflammation. Burns causes the intact vessels to dilate causing redness and blanching with pressure. The vascular permeability of the vessels also increases. Cells like platelets and leukocytes adhere to the vascular endothelium in the early phases of burns, followed by influx of polymorphonuclear leukocytes and monocytes. There after, new capillaries, immature fibroblasts and new collagen fibrils appear within the wound as a part of regeneration activity (Nettina 2006). 1. Skin being the largest organ in the body is the most commonly and widely affected part in the body. Burns causes loss of functions of the skin. The main functions of the skin are thermal regulation, prevention of loss of fluid from the body by evaporation, barrier against infections from the environment, and perception of sensory information from the environment. Skin comprises of 3 layers, the dermis, epidermis and hypodermis. Epidermis is the outermost layer of the skin and consists of cornified epithelial cells. The middle layer is the dermis which is made up of mainly connective tissue. Embedded in the connective tissue are the capillaries that nourish the skin, nerve endings, and hair follicles. The innermost
Tuesday, November 19, 2019
Financial Modeling analysis Essay Example | Topics and Well Written Essays - 1000 words
Financial Modeling analysis - Essay Example Another assumption is progressive growth in sales for the existing stores. As reflected in the financial forecast account, Loweââ¬â¢s will make increasing sales for the first years, drop the pick-up and maintain a continuous growth of sales till the fifth year. Since the company will bring new products to metropolitan dweller, it will make more sales within the two year. In the third year, 2003, Loweââ¬â¢s will try to adjust for the long-term investment decision hence leading to drop in sale. However, after adjusting its resources effectively, it will pick up and its sale will be expected to progressively grow. Loweââ¬â¢s is planning to reach more professional customer using its online website. This means it will be collecting cash instantly thus as reflected by the high receivable turnover rates. In addition to that, it is assumed that Loweââ¬â¢s will need huge financing if they have a goal of reaching metropolitan markets. In assuming a high receivable turnover rate, the company will minimize debtor ratio and will therefore have more cash at hand for the investment purpose. In addition to that, the model assumes a more that 100% inventory and P&E turn over. Though such a turnover rate may seem unachievable, it is important to set it so that Loweââ¬â¢s can achieve its goal of competing with Home Depot. The model finally assumes a constant rate in ââ¬Å"other current liabilities / saleâ⬠entity. For the company to be able to plan working capital, they need to have a rate that does not change. Financial forecast model developed by Value Line Publishing shows a higher 5 year average gross margin of approximately 30.52% as compared to Loweââ¬â¢s model whose 5 year average gross margin is 29.3%. this simply means that VLPââ¬â¢s model is focused in seeing Home Depot to make more earning for every dollar it spend is sales while Loweââ¬â¢s modes is focused to seeing
Saturday, November 16, 2019
Business-to-Business Messages Essay Example for Free
Business-to-Business Messages Essay Communication is the process; through which sender conveys their messages to receiver. The communication can be in form of words, gestures, voice intonations and other symbols or signs. The communication process cannot be possible without any medium. In the communication process senders and receivers both are the parties involved. Apart from this communication process also needs the technology, tools and Channels. All the element of the communication process should be in the proper sequence for effective and appropriate communication Process. If any part of communication process is distorted or broken, the sender and receiver will not have a common understanding of the message (Daft, 2004). The communication model includes some element in this sequence such as an environment of communication, a sender, message, technology (Channels), noises (the psychological, social and structural barriers), a receiver and the feedback of receiver. The communication model has the channel through which the message is transmitted. There are two types of the channels: verbal and non-verbal. Verbal communication refers to the oral or written means transmitting meaning through words. Non-verbal communication doesnt use words and involves gestures. In current time, there are many technological channels for communication such as electronic mail, intranets, instant messaging, fax, telephone and other forms of computer mediated communication channels (Mcshane, VonGlinow Sharma, 2006). Business to business communication process includes the communication between two business entities, in which the one business entity perform the role of a sender and other one perform the role of a receiver. In other words, Business to Business Communication describes the communication between businesses such as between a manufacturer and a whole seller or between a whole seller and a retailer. All other element of Business to Business communication process is dependent on the environment and the purpose of the communication. Business to Business communication process would effective. If the environment of Business to Business is appropriate and propose of communication is also strong and effective (Guffey Almonte, 2009). Business to Business Messages Business to Business communication process is an internal process to develop relationship with the other business organizations, vendors, suppliers etc. In this competitive landscape, the Business to Business communication process is necessary for customer loyalty to protect against the competitor, employee motivation, brand protection or creation the awareness among the customer (Business-to-Business Communication, n. d. ). Business to Business Message of William Brother Corporationà The William Brother Corporation is an American company. The company is known for its quality metal doors. The company recently launched the new products lightweight gypsum ceiling access panel, portable fire extinguisher stands, roof hatches and floor hatches. The company communicates with their whole sellers and retailer to create the awareness about the product features, quality and the price. The company also informs about policies, terms and promotional strategizes of the new products. Subsequent to the discussion of the companys message now, I will analyze the message as follows: Purpose: The purpose of this message of the company is to create the awareness about the new launched products of the company between the whole sellers and retailers. The company provides the all technical information about the new product. Sender: Here, the sender is the company management team. Receiver: Here, receivers are the whole sellers and retailer of the company. Environment: The environment of this communication process is the internal and external environment. Technology: In this messaging, the technology used is written communication, oral communication and internet technology. Noise: In this message, noise can be formed by the traffic of internet and other website, which can directly affect the delivery of message. In addition to this, as it is a written and oral message, the noise factors can be lack of apprehension of language and information by the whole sellers and retailers (Mcshane, VonGlinow Sharma, 2006). Feedback: The Feedback of the whole sellers and retailers is that they understand about the new product features and they agree on the company policies and terms. They will help the company for promotion of the new launched product. The method of the technology used is the appropriate of the company. The oral and written communication would create the easy understanding about the product and the internet is best way to convey the message of the company. The message should the appropriate, because the message provides the all information about the product and the company goal. Business to Business Message of KFC Corporation KFC Corporation based in Louisville, Kentucky, is the worlds most popular chicken restaurant chain. There are many stores of KFC that operate in the world. For managing the all stores of company, the company communicates with their different stores management team through the messaging by the email and internet technology (KFC Corporation, 2010). In this message of the company, they had communicated, that company makes the some quality standards and policies for their food, which should maintain by the all stores of the company. These policies and the quality standards help to maintain the trust among the customers. Subsequent to the discussion of the companys message now I will analyze the message as follows: Purpose: Here, the purpose of this message of the company is to create awareness about the policies and quality standards and should maintain these quality standard to the management of the stores which are situated in all over the world. Sender: The sender is the company management. Receiver: The receiver is the stores management of the company. Environment: Here, the environment of this employed communication process is external environment. Technology: In message, the technology used is written communication and the internet technology by the company. Noise: In the messaging, noise can be formed as the message failure through the internet. In the written message the noise can be formed as the lack of apprehension of language by the management of company stores (Mcshane, VonGlinow Sharma, 2006). Feedback: The feedback of the receiver is that they will be maintain the quality standard of the food product and adopt the company policies. The company used technology, the written communication and the internet technology to create the awareness about their policies and the quality standards among their stores management. This would very effective for the company. Business to Business Message of Honda Motor Company Honda Motor Company is one of the largest automobile companies in the world. There has the big product line of the company in the world market. Honda Civic car is one of the popular products of the company. In the recently there has a technical problem generated in the Honda civic cars fuel pump. For the solution of this problem the company takes some actions. The company has sent the message to their authorized dealers to solve this problem by approaching the customers, who has the Honda civic (Honda Motor Corporation, 2010). Subsequent to the discussion of the companys message now we will analyze the message as follows: Purpose: Here the purpose of the message of company is to create awareness among the dealers about the product problem and to solve that technical problem of the customers product. Sender: The Sender is the technical department of the company. Receiver: The authorized dealers of the company. Environment: Here the environment of the communication is the external environment. Technology: The Company communicates with the written messages and the internet technology. Noise: In the messaging, noise can be formed as the message failure through internet and noise can formed as written message delay. Feedback: The feedback from the dealer was that they will solve this problem of the product as soon as. The technology of the message is the good. Both the medium of the message is the efficient and reach at the right time. Message purpose is the appropriate and easily understandable by the dealers.
Thursday, November 14, 2019
Feminist Reading of The Yellow Wallpaper -- Feminism Feminist Women Cr
A Feminist Reading of The Yellow Wallpaper à à à à à In the late nineteenth century, after the American social and economic shift commonly referred to as the "Industrial Revolution" had changed the very fabric of American society, increased attention was paid to the psychological disorders that apparently had steamed up out of the new smokestacks and skyscrapers in urban populations (Bauer, 131).à These disorders were presumed to have been born out of the exhaustion and "wear and tear" of industrial society (Bauer, 131-132).à An obvious effect of these new disorders was a slew of physicians and psychiatrists advocating one sort of cure or another, although the "rest cure" popularized by the physician S. Weir Mitchell was the most embraced (Bauer, 131; Saur, 151-152).à However, while the "rest cure" for men involved physical exercise and leisure activities, the cure for women was a suffocating slice of seclusion, bed rest, and no intellectual activity (Bauer, 131). à à à à à à à à Charlotte Perkins Gilman, a renowned feminist and author, was one of the women affected with "...a severe and continuous nervous breakdown tending to melancholia..," which was commonly termed as "neurasthenia" (Gilman, 348-349).à However, rather than cure her, Mitchell's "rest cure" nearly drove her insane.à As a result of her maddening experience away from writing and almost all intellectual thought, she wrote her short story, "The Yellow Wallpaper" not "...to drive people crazy," but instead to "...save people from being driven crazy" (Gilman, 349).à Although her purpose in writing the story is clear, one can not help but wonder if she was motivated solely by her protest to nineteenth century medical practice or by her protest to the legal and socia... ... Boston/New York:à Bedford/St. Martin's, 1998.à 130-132. Gilman, Charlotte Perkins.à "The Yellow Wallpaper." The Yellow Wallpaper.à Ed. Dale M. Bauer.à Boston/New York:à Bedford/St. Martin's, 1998.à 41-58. Gilman, Charlotte Perkins.à "Why I Wrote The Yellow Wallpaper?" The Yellow Wallpaper.à Ed. Dale M. Bauer.à Boston/New York:à Bedford/St. Martin's, 1998. 348-349. Mitchell, S. Weir.à "From Wear and Tear, or Hints for the Overworked." The Yellow Wallpaper.à Ed. Dale M. Bauer.à Boston/New York:à Bedford/St. Martin's, 1998. 134-141. Saur, Prudence B.à "From Maternity; A Book for Every Wife and Mother." The Yellow Wallpaper.à Ed. Dale M. Bauer. Boston/New York:à Bedford/St. Martin's, 1998. 151- 155. Williams, William C.à "Old Doc Rivers."à The Doctor Stories.à Ed. Robert Coles.à New York:à New Directions Publishing Corporation, 1984.à 13-41.
Monday, November 11, 2019
Managing Change in Organisations â⬠Improved HR onboarding process Essay
The main goal of this change initiative is to improve the financial results of the company by improving the engagement and performance of the new HR employees at Mars, Inc. Itââ¬â¢s aimed to be achieved by introducing a new, globally aligned, best-in-class 1-year-long induction process with supporting tools and learning events. The target group of new HR associates1 includes those who joined HR at Mars less than 12 month ago, either from externally (from other company) or internally (from other department). As Mars,Inc. is a large family-owned business with over 100 years of history and globally well known brands. It has unique and mature company culture which is driven by its 5 principles: Quality, Responsibility, Mutuality, Effectiveness and Freedom. These principles drive the behaviour of the employees at all level of the hierarchy and have been shaping the characteristics of the organisation. Mars, Inc. fits well to ââ¬Ëelaboration of structure phaseââ¬â¢ (Granier 1972) of the organisational life-cycle: the company is led by a team of professional managers and is very much decentralised with a small headquarter. The business units of the countries therefore enjoy a lot of freedom and responsibility to drive the local business effectively. This approach reflects also in the way they shape the processes within the company: the global process standards are mainly just broadly defined with limited (if any) written documentation about them, which lets the local teams shape it and use it as best fits to their needs. As it has the advantage to allow tailor-made solutions to best assist local business objectives, it also has disadvantages. It is not uncommon that extra local resources are needed to shape the process, and when the process has changed too much, it becomes difficult to compare the practices and results of different units. It also often happens that local units come up with very similar best practices after investing significant resources locally in process development, which resources could have been reduced if globally ââ¬â or at least regionally ââ¬â someone would have co-ordinated these development initiatives. As part of the company culture, Mars, Inc. refers to employees as associates, therefore in my paper I will use both terms to reflect the same concept. Realising the potential of this kind of centralisation led the business leaders to setting up global functional centres of expertise, like the Mars University (Mars U) is for learning and development within Mars, Inc. The Mars U is responsible for designing and deploying world-class learning programs, which enable the competency building of employees, so they can achieve their full potential in contributing to the business to achieve its goals. It has matrix structure and its smaller teams are set up by functions (named ââ¬Å"Collegesâ⬠of HR, finance, supply, etc.), regions (they coordinate the deployment of functional development programs in a region) and special learning and development related areas (like learning technology). Mars U therefore faces the challenge of balancing between centralisation and decentralisation by providing centrally defined and globally aligned learning solutions in a matrix organisation with decentralised leadership. That is the same challenge in case of the new induction process initiative. In the near past an introductory training program existed for new HR employees, which was similar in all the regions, but inconsistent in content, so it gave a lot of space for local solutions to flower. Moving from this decentralised approach to a more centralised one may cause push backs from the associates in these local units, thus careful change management is essential. Nature of change By assessing the nature of change based on the description above, this change can be categorised with the terms of Ackerman (1997) as ââ¬Ëtransitionalââ¬â¢ as the intention is to ââ¬Å"achieve (â⬠¦) a desired stateâ⬠by setting up a globally aligned world-class induction process for new HR associates, which is a significant difference from the current decentralised approach. One can argue whether it is not defined as ââ¬Ëtransformational changeââ¬â¢ as it can result a difference in an organisational process and change in the culture, but as it wonââ¬â¢t change fundamentally neither areas, the definition of ââ¬Ëtransitional changeââ¬â¢ fits better in this case. To give a full picture about the nature of change, it need to be emphasised that after finishing this particular change project, the change itself will not stop, it will continue as ââ¬Ëdevelopmental changeââ¬â¢ by continuously improving the set up induction process. From another perspective, using the categories of Mintzberg and Waters (1985) this change initiative can be identified as ââ¬Ëdeterminedââ¬â¢ or planned change as the goal, that need to be achieved, is clearly set, as well as the process how to get there. It does not mean though, that ââ¬Ëemergentââ¬â¢ changes will not come up during the project, as it may happen that a locally designed induction process which works well will have an improving effect on the globally designed process and tools to ensure the implementation of the best possible practices. Drivers of the change This change initiative has mainly internal triggers. First and foremost, improve the productivity of every new HR associates by providing them all the essential knowledge, competencies and network they need in their new role. Improving their engagement level is also an important trigger, as engaged associates have usually better performance and they less likely to leave the business (Buckingham and Coffman, 2005). In case of HR department, better performance of associates, among other things, could lead to better internal and external customer satisfaction or decrease of costs by effective ways of working, while improved retention cut the costs and time invested in recruitment and training of a new employee. Although the internal triggers are more relevant in this case, the external drivers also need to be mentioned. Mars, Inc. had several acquisitions in the last few years which led to an incoherent culture in the different business segments. To enable exchangeability of human resources and best practices, setting up centrally aligned processes is a key. Also, considering that Mars, Inc. operates in a quickly changing market (FMCG), being innovative and best-in-class in its processes could ensure competitive advantage and retention of employees. Nonetheless, the change needs to be done in a global environment fitting to the expectations of different cultures in different regions. Key Stakeholders As in case of most major changes in an organisation, winning the support of top level management is essential. In this case the management means the Global HR Leadership Team of Mars, Inc. who also plays the role of sponsor of the project and expected to play a key role by being role model in using the new induction process. Their influence is very high as they could stop or change this initiative any time. Their attitude toward the change to be expected very positive, still, contracting with them is critical as many priority projects are currently going on in the business so need to ensure proper focus. Driving the change process requires change agents to ensure smooth implementation: the Mars U associates in the regions and other (local) learning or talent development specialists. As the project aligns well with their general purpose of their roles ââ¬â to improve associates capabilities, ââ¬â their attitude is expected to be positive. As they will play the role of connecting the project leaders with associates in their regions or units, their influence is also very high, but mainly only in their area of responsibility. The communication and deployment of the change will focus mainly on the HR managers as they will be the most affected by the change, as they need to change their ways of working the most. Thus, 5 their attitude can be either positive or negative depending how valuable the new process seems to them. Their influence can be high in the area of their responsibility ââ¬â so the more senior the manager is the higher is the influence. Also important stakeholders, but less influential, are the new HR associates. The new process is all about them, but from change management perspective they play a smaller role, as their attitude to be expected very positive. In any case, careful communication toward them needs to be planned to ensure their full involvement in the process and gain feedback from them to identify potential areas for improvements. There are also some other key stakeholders, like the trainers of the courses, whose contribution to the success can be very important, but as they are interchangeable in the roles, their influence on the process can be categorised as moderate. Furthermore, there are some other subject matter experts (e.g. learning technology or global communication specialists), who will be involved during the design and communication phases, but their influence is rather small and their attitude is expected to be supportive. Management objectives To summarise the main objective, the goal is to implement in all business segments and units of Mars, Inc. a newly designed, globally aligned, efficient and engaging functional induction process with its supporting tools (guides and learning modules) for every new HR employees, which supports their development in the first 12 months after joining in their new role and covers the essential Mars specific knowledge and provides network needed for achieving high performance. The new process and tools should be used by mid of 2013 in all business units. Task 2 For a successful change project itââ¬â¢s not only important to see where we would like to go, but to be able to define how we will get there, we need a careful and detailed analysis on where we are at the moment. Besides a general process overview in the organisation (e.g. by the support of models like ââ¬ËMcKinsey 7Sââ¬â¢ (Waterman et al. 1980) or ââ¬ËBurke-Litwin Causal modelââ¬â¢ (Burke & Litwin, 1992)), we also need to understand why do we have the problem in our organisation. For this we may use problem analysis models, like the ââ¬ËFishbone diagramââ¬â¢ or the ââ¬Ë5 Whys?ââ¬â¢ (Taiichi 1988) model. Input-Transformation-Output model To better understand the functional induction process, by the ââ¬ËInput-Transformation-Output modelââ¬â¢ (RDI, 2012a) the main elements can be summarised visually: This model can support the planning process in several ways. It is easier for the change leaders to identify the key stakeholders (see the detailed stakeholder analysis above), to keep objectives always in mind and focus on the processes which need to be changed in order to be able to achieve the desired output. Furthermore, it gives a great overview about who shall be involved in reviewing and developing the process by providing feedback before, during and after the change. Nonetheless, it is essential to be clear on both the transformed and transforming resources required for the whole process to avoid disturbance due to the lack of them. Cause-and-Effect Analysis After having a broader overview of the issue, before taking any actions, a thorough problem analysis is a must. Even though having an initial idea about what can improve the current situation, in a complex organisation with a huge overall impact of the topic, the change leader need to ensure addressing the right issues and providing the right solutions based on that. In defining all the relevant causes of a problem can help the Cause-and-Effect Analysis (Ishikawa, 1968) or Fishbone diagram. In case of our described example, the model looks like this: After defining the list of important causes, the major ones to be selected by the analysing team then the potential actions can be planned. When itââ¬â¢s presented to the management team, their duty is then to decide on which topics to focus on the actions. In this example case, a globally aligned process with supporting tools and metrics are very much missing. When itââ¬â¢s designed and ready to be deployed, then these should be available to all HR managers to be able to drive the induction processes locally and measure their own efficiency. Plan the change After the green light of the management team concerning the project initiative, can start the proper, detailed planning: the development of the change strategy, in which the desired outcome, key actions, milestones, action owners and resources needs are defined. Winning the commitment of the key stakeholders also need to be carefully planned with a supporting communication plan. As unexpected situations are likely to disturb the planned flow of actions, to minimise the potential disturbance, a risk analysis in advance of doing actions can help the project management team to prepare for these scenarios or totally avoid them. Also, a continuous review of the change project is highly recommended to ensure the project execution is on track to achieve the project goal (see the 8 potential feedback sources in the Input-Output model) ââ¬â this also can be part of the change strategy plan. The next step is then to execute the plan. When unexpected situations happen, continuous adjustments of the plan may be required to ensure proper improvement and keep the progress to achieve the final goal. After all planned actions are executed, the project leader should control that the project goal has been achieved as defined. If no, the project still continues. If yes, the project shall be formally closed with the involvement of the project sponsors and the success should be feed back to the key stakeholders. Task 3 Business Process Transformation Although Mars, Inc. in this situation chose to go on with a change project concentrating on only one function (HR) to improve its induction process, using the Business Process Transformation (BPT), i.e. Business Process Re-engineering model could have led to better results. By talking generally about the BPT model, one can say that improving the customer engagement and cutting the operational costs by improving and simplifying processes (cross-functional) within the company, is in the heart of this approach (Hammer 1990). Let use the definition of re-engineering by Hammer and Champy (1993) to show the key characteristics of this model: ââ¬Å"â⬠¦ the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical contemporary modern measures of performance, such as cost, quality, service, and speed.â⬠This approach is one of the favourites currently in change management, as it promises ââ¬Å"dramatic improvementsâ⬠in business performance and customer satisfaction, even though it has its own challenges. The most important is that it requires a holistic view from the business leaders to face the issues within an organisation. It needs broad perspective to be able to come out of functional silos and to view the process as a whole, from the very beginning till the very end. If the change project happens only within a single function, there is high probability of missing some important opportunities of improvement. By using the example of Mars, a cross-functional approach could lead to a different, although very thorough solution ââ¬â like implementing a standardised, world-class induction experience in every part of the company, during which the new employees can learn the most important functional and business knowledge to best support the customer focused processes. Based on its holistic view, the BPT approach requires more complexity from change management perspective as well as total alignment and drive from the top management team. The process improvement strategy should be aligned with the vision, mission and business strategy of the company, while the desired behaviours and key performance indicators should be also clearly defined and communicated to support the process and the measure of success (RDI 2012b). The process improvement initiative should start with a company-wide analysis of the current situation, keeping in mind not only how the processes can be simplified, but also what could be the benefits for the customers by the change initiative. The analysis then will be followed by the definition of the detailed plan: to where and how the company would like to get. To achieve great improvement in company results, increasing the amount of invested efforts and resources and high risk taking is unavoidable ââ¬â although most probably in mid- and long-term the investment of these extra resources will pay. All these mentioned characteristics of the model lead to the fact that this model canââ¬â¢t be used without a heavy top down and centralised approach due to its holistic nature and complexity. Starting a process improvement initiative from any other level of the organisation without the full support and involvement of the company top leaders can lead to only a temporary and restricted (to a region or function) solution. Managing the implementation of the change at Mars, Inc. Although the change project defined by Mars also intends to improve the measures mentioned in the re-engineering definition, the main difference lies in the adjectives used by the authors: dramatic, fundamental and radical. So in this case we canââ¬â¢t really talk about BPT approach, as it would rather mean taking the whole on-boarding and induction process in all functions of the company and use that to work on, even though it could be very beneficial for the company. Also, without winning the top management support for a holistic change approach, the project leader of this initiative better use a general Change management (RDI 2012c), or preferably, the Total Quality Management (TQM) 2 methodology with using some holistic OD models ââ¬â like the ââ¬ËBurke-Litwin modelââ¬â¢ (Burke & Litwin 1992) or the ââ¬ËMcKinsey 7S modelââ¬â¢ (Waterman et al. 1980) ââ¬â for analysing the potential areas of change interventions. Definition of TQM by Kanji (1990): ââ¬Å"TQM is the way of life of an organization committed to customer satisfaction through continuous improvement. This way of life varies from organisation to organisation and from one country to another but has certain principles which can be implemented to secure market share, increase profits and reduce costs.â⬠The principles of the TQM approach fits well to the culture of Mars, Inc. by focusing on continuous improvement opportunities, on customer needs and motivating employees at all level of the organisation to take part of this and drive innovations. It also reflects in all of the 5 principles of the company3. The management style also resonates well with the principles of TQM, as it engages the collaborative company culture with empowering and motivating the employees to drive continuous improvement for achieving better quality in everything within the business. Although a lot of things fit well to use this model for the change case at Mars, to fully benefit of the TQM methodology, the project leader and the participants shall be skilled to use all its principles to achieve the best possible result, which is currently not yet the case. Task 4 Measure of Success ââ¬â Processes There are certain elements of the change process, which we can check and measure during and after the project to evaluate the success. Firstly, it is inevitable to set with involvement and communicate to the key stakeholders a clear vision, a well defined ââ¬ËS.M.A.R.T. objectiveââ¬â¢ (Doran, 1981) and some key performance indicators regarding the desired end result of the change initiative. Additionally, it is also important element of the second success factor, which is the level of commitment to the change of the key stakeholders. During the implementation phase, the success of the process can be measured at the key milestones: whether they were achieved on time by providing good quality results within the allocated resource limits. In this phase, the ability of flexible to any disturbance and opportunities through the process is also essential, to keep or even improve the result quality of the change, or to use less resources to achieve the original goal. It may be measured by reaction the quickness of the response or the amount of extra resources needed to keep the good progress. In connection to this, reviewing the key challenges and capturing the lessons learnt for the future also shows the efficiency of the process. Last, but not least, a clear project closure can also indicate how well the project went. Measure of Success ââ¬â Outcomes If we have a closer look on the change initiative of Mars, Inc., the desired outcome which we wish to measure lies in the main objective4. The companyââ¬â¢s main goal is to improve the efficiency and Quality, Mutuality, Responsibility, Effectiveness and Freedom For details see the Management Objective paragraph performance of the new HR employees. As HR is a support department with less direct impact on financial results and the quality of end products than other areas in the business, measuring these goals may be difficult, especially if we need to focus on only the new employee. So itââ¬â¢s advised to define other measures, like the individual performance or future career potential of the new employee, which can be measured by the company globally standardized performance evaluation system. Although the improved employee performance is difficult to be described with exact figures, we can also use historical data to compare the past and the present, and measure factors which can influence performance (e.g. the Line Managerââ¬â¢s evaluation of the performance or the engagement level of the new associate). Besides the employee performance, the efficiency of the new process shall be measured as well (e.g. could we involve everybody we intended to use the new process). Furthermore, as in case of all change projects, defining the return on investment can show the level of success. For example the cost of resource investment of the change project may be compared with the amount of money were saved by better retention of the new associates. By measuring the outcome of a new process we also need to investigate the resource needs of sustaining the process efficiently on long term. 1References: Ackerman, L., 1997, Development, transition or transformation: the question of change in organisations. In: Van Eynde, D., Hoy, J and Van Eynde, D (eds) Organisation Development Classics. San Francisco, Jossey Bass. Buckingham, M. and Coffman, C., 2005. First, Break All The Rules: What the Worldââ¬â¢s Great Managers Do Differently. Simon & Schuster. Burke, W. W. and Litwin, G. H., 1992. A causal model of organizational performance and change. Journal of Management, 18 (3), 523-545. Doran, G. T., 1981. Thereââ¬â¢s a S.M.A.R.T. way to write managementââ¬â¢s goals and objectives. Management Review, Volume 70, Issue 11, pp. 35-36.
Saturday, November 9, 2019
Comparison: State Income Tax, Oregon vs. Florida
Income Tax, Oregon vs Florida, Comparison and Analysis Income tax, as defined by thefreedictionary. com, is ââ¬Å"A charge imposed by government on the annual gains of a person, corporation, or other taxable unit derived through work, business pursuits, investments, property dealings, and other sources determined in accordance with the Internal Revenue Code or state law. â⬠In layman's terms, Income tax is money taken out of someone's pay and given to the government, state, federal, or in some cases both.Some special exceptions apply, but in the states being covered in this essay, being Florida and Oregon, those exceptions will not bother us as of right now, although we will look at them later as a point of comparison. Today we are asking ourselves why Florida has no income tax, but Oregon does. We will look over some things such as basic tax laws, other tax laws and regulations in the state regarding similar matters. We will also mozy on over to some population and citizen fac ts and trends, and relate them to why the government in each state has set up taxes the way they have.In the end we will come to a conclusion on why states do what they do, and whether that is a good thing or not. Letââ¬â¢s first delve into the origins of income tax and the origination in the United States. One of the first income taxes was passed in late 18th century Britain. It was a very small tax at . 08% of income for those making ? 60 and up and it moved up to 10% for anyone lucky enough to make a living of over ? 200. This was the inspiration for the tax proposal during the War of 1812 to provide the government with extra income. The war ended less than a year after the tax was proposed so it was never appointed.During the Civil War, another tax was proposed and implemented, in 1961, being 3% of incomes over 800 dollars. Later, in 1894 another tax law overcame it and was made to 2% on incomes over 4,000 dollars, meaning less than one out of ten households even paid the tax . Now letââ¬â¢s just say it, of course the majority of the working class dislikes income tax, or any sort of tax for that matter, especially income though, because you pick up your paycheck and right there you almost always look and see, deduction, deduction, etc. Letââ¬â¢s take that first part into consideration though, working class.Working class as defined by thefreedictionary. com is ââ¬Å"The socioeconomic class consisting of people who work for wages, especially low wages, including unskilled and semiskilled laborers and their families. â⬠This is generally referred to if you were to turn into political debates or discussions, on how things will affect the working class, and how the candidates will want to please the working class, blue collar Americans. Generally working class Americans work at basic or low level jobs, i. e. ones you wouldnââ¬â¢t need to take college or any paid training to do.Some examples would be Cashier, Warehouse worker, Criminal Henchmanà ¢â¬ ¦ okay maybe not that last one. Anyways, if you happen to be one of these people and found your current residence in the beautiful state of Oregon, you may find a not so beautiful state level income tax on each paycheck, coming out at 9. 0%, given you are making somewhere in-between 7,750 and 125,000 dollars per year. 9 Cents to the dollar of your earned wages goes to the state government, not to mention a federal rate of 10-28% depending where you fall on that same scale.Although that is a large percentage, we are looking solely at state income tax. Corporations have also had an income tax since 1955. Florida, comparably, has a slightly smaller number, being 0% state income tax, although federal is the same across the board. Although Florida does has corporate income tax, being 5%, instituted in 1971. Florida also had a ââ¬Ëintangible property taxââ¬â¢ but that has been revoked since 2007. Immediately when you are presented with this information, you will think: ââ¬Å"W hat is different about Oregon and Florida, and will affect decision making about state income tax? First off, let me congratulate you on your ability to think the exact same way my essay coheres to. Secondly, what is an answer? Population! Income tax is only collected on officially recorded income, so what does that have to do with individuals? Whether they work or not. Florida has a population with higher-than-average retirement rate. About 17. 3% of Floridaââ¬â¢s 18+ million residents are retired, which is 65 years or older, which is generally considered to be the age one quits ââ¬Ëworkingââ¬â¢ or employment. This is compared to Oregon with only 13. 9% of its 3. million citizens being retired. Along with that, the average age of a Floridian is around 2 and a half years older (38. 7) than that of an Oregonian (36. 3). These states, presented in percentages, may seem insignificant in difference, but presented with raw numbers, they seem much more intimidating. Florida, at 1 7. 3% or 18 million is estimated at being filled with 3. 11 million retirees. Thatââ¬â¢s nearly the population of Oregon. Letââ¬â¢s be glad not everyone in oregon is 65 or older, although itââ¬â¢d be quite a good investment opportunity for retirement centers.Anyways, with nearly 2 in 10 people being retired, and therefore not bringing in income, Florida is already sounding like one smart cookie of a state. Letââ¬â¢s further it buy bringing up some other facts. Florida has an unemployment rate of 11. 5%, or around 2. 1 million people. Between the unemployed and retirees, Florida has over 5. 2 million of its 18 million not bringing in any wages, and therefore not giving the state any income tax. Although Florida has more retired people, the average wage of an Oregonian, being 35,500 dollars, is lower than Florida, at 39,000 dollars.Over 2. 5 million people in Florida are also on food stamps, which is a state funded program that allows unfortunate people and families to pur chase food to prepare. This is another good sign Florida isnââ¬â¢t instating an income tax because the taxes collected would surely be directly sent back through programs such as these. This brings forward another point, Florida has a sales tax, or a tax which is imposed on purchasable and rentable goods and physical property, as well as special services.Medications requiring a prescription are also not taxed. Tax is only made on retail sales, for example if you bought something at a store, then sold it to a neighbor, you would not collect sales tax and send it to the government. If you were however, to purchase an item, then sell it back to a retailer, they would sell it and charge sales tax for a second time. Pawn shops and Used car dealerships are great examples a multiple taxed item. The general rate is 6%. As with many states, Florida also has Sales Tax Holidays.What this means is during certain times of the year, particular items are priced with discounted tax or no tax at all, although the latter is more rare. Such holidays and items would include things similar to school supplies in the days before school starts. With so many people on food stamps, it would be smart to have a sales tax when food stamps are used to purchase food, because usually basic foods such as milk, bread and other groceries arenââ¬â¢t taxed or are taxed less because they are considered ââ¬Ënecessitiesââ¬â¢ compared to prepared food such as McDonalds or food repared at a restaurant. If they had sales tax, not to mention they were being paid for by food stamps, the government would be ââ¬Ërecyclingââ¬â¢ money, or basically handing it to the person, which they would then spend and be taxed on, and that is ineffective compared to just taxing goods where people would spend their own income and the government would collect on that rather. This is different than say Oregon, who has no sales tax, except in special cases, such as Ashland which charges 5% prepared food tax . This works for Oregon because they have a instituted income tax, and no sales tax.This way, as long as you make wages, Oregon doesnââ¬â¢t care how you spend them, because they have already collected your money! Collective tax revenue forwards these arguments. All forms of taxes resulted in a gross revenue of 5. 76% of a person's income from Oregon. Florida had 5. 03%. Although Florida is lower, given the fact that the population is much larger, much more money was made. Again referencing the income of a Floridian being around 3,500 more dollars, with the added fact of a larger population group, the money could be considered evened out. 5. 03% of a Floridians income would amount to about 1,960 dollars, where Oregon's 5. 6% amounts to 2,072 Dollars. So while being different by . 7%, which is a big difference when youââ¬â¢re talking about the millions of people and even more money, the total difference only being around 100 dollars total tax revenue per capita is pretty signifi cant considering the stats weââ¬â¢ve been shown. With this, we briefly observe labor laws. Until 2004, Florida had no minimum wage law. This means it would have been very hard to implement an income tax. Also could be considered unjust, given the fact that the government could decide how much you must pay of your earned wages whilst not making mandatory to earn a minimum wage of any sort.Once the law was established, however, it was also done so with a notice that it would be adjusted annually based on inflation. Potentially we could see an income tax initiated in the Sunshine State, but it is unlikely with the current working taxes as they are. Next we can look at a bit of history with the states and taxes. Oregon instituted its first tax in 1844, being a property tax. In 1929, Oregon implemented an income tax, for two main reasons, to spread taxes more equally over residents, and to give some relief to those paying heavy property taxes. On average, Oregon receives over 70% of i ts tax revenue from income tax.Property tax is still around, and makes about the same amount of money as income tax, but around half of it is given to school systems and public education. Corporate income tax often makes small fractions of what regular does, being in the low hundred millions, compared to a couple billion in income tax. Florida, on the other hand, does not have income tax, rather sales tax as we have talked about. In 1949, Florida implemented its first sales tax. It had a base rate of 3%. This lasted until 1968, when it was bumped up to 4%. This rate remained until 1982, when it was increased again to 5%.And as of February first, 1988, the tax base rate has been 6% of total sale. Farm equipment, however, has held another rate, being 2% from 1963-68, and then being put up to 3% from 1968 to 2001, when it was decreased to 2. 5%, but four years later in 2005 it was decreased to 0% and stands that way today. Florida also has different tax rates based on counties surcharg e tax, for things such as living costs, tourists development, and local administration costs. These differ in time ranges, rates, and longevity. So, is it necessarily a good or bad thing for these different states to have separate tax systems and rates in place?Well the answer is, there is no real answer. Different systems work for different people and places, and surely there are always optimizations that could be made, but in reality there is not and will likely never be a ââ¬Ëperfectââ¬â¢ tax system. Money needs to come from somewhere and taxes are a way to do it, but like I said earlier most people donââ¬â¢t enjoy seeing a tax rise, even though it could rationally be deemed necessary. Oregon works with its income tax because it was implemented to counter high property taxes, and sales tax was never made because these two tax systems were already in existence and serving the state well.Income tax again brings in over 70% or the annual tax revenue for the state of Oregon. Florida finds different success given a different population spread giving them more advantages earning taxes from everyone who spends money compared to everyone who earns money. Given the fact that Florida is often a hot spot for tourists or even international travelers, sales tax proves effective because it earns money from people even just visiting from other states, whereas the extra products sold would result in no additional income otherwise.This makes sense for Florida compared to Oregon, because Oregon would not really considered a tourism state that states like Florida or California may be seen as. Also we take into consideration professional sports teams. Oregon has the Portland Trailblazers, NBA, the Portland Timbers, MLS, and thatââ¬â¢s about it. Florida however have a multitude of teams, being the NFL trio of Miami Dolphins, Jacksonville Jaguars, and the Tampa Bay Buccaneers, the NBA teams consisting of the Orlando Magic and Miami Heat, the MLB with Miami Marlins an d Tampa Bay Rays, and lastly NHL Hockey teams being Florida Panthers and the Tampa Bay Lightning.Given the fact Florida has 9 major league sports teams, you can imagine the sales in tickets, hotels, restaurants, merchandise, and other sports related events. One game sporting 20,000+ attendees depending on the venue can generate millions overnight in the economy in and around the sporting venue. Granted both Portland teams can do the same but even assuming each franchise can bring in that type of money, Florida is up 9-to-2 and has a sales tax that can apply to many, many things being purchased around game time.In conclusion, although you cannot say which state is necessarily ââ¬Ëbetterââ¬â¢ in regard to taxes and tax systems, you can easily see that each state has the system it best sees fit to support the government and economy. ââ¬Å"Department of Revenue: Newsroom History & Statistics about Oregon Taxes. â⬠Department of Revenue: Newsroom History & Statistics about Or egon Taxes. Web. 08 June 2012. . ââ¬Å"Florida Department of Revenue. â⬠Welcome to the Web Site. Web. 08 June 2012. . History of State and Local Taxes. â⬠Revenuelaw. state. fl. us. Fl. gov. Web. 7 June 2012. . ââ¬Å"Florida Department of Revenue. â⬠FL Dept Rev. 02 Jan. 2007. Web. 05 June 2012. Sapia, Jason, and Joseph Henchman. ââ¬Å"Local Income Taxes: City- and County-Level Income and Wage Taxes Continue to Wane. â⬠Tax Foundation. Taxfoundation. org, 31 Aug. 2011. Web. 05 June 2012. ââ¬Å"Income Tax. â⬠TheFreeDictionary. com. Web. 07 June 2012. ââ¬Å"State Individual Income Tax Rates, 2000-2012. â⬠Tax Foundation. Web. 07 June 2012. . ââ¬Å"2012 State Tax Rates & Exemptions. â⬠Oregon Income Tax Rates and Tax Brackets, 2011-2012. Web. 07 June 2012. .
Thursday, November 7, 2019
Free Essays on Race And Ethnic Relations
In ââ¬Å"The Study of Race and Ethnic Conflictâ⬠the main idea of the article seems to be to get students to understand different racial and ethnic terms that are used and why they are used in different ways. It also seems to be to help students to understand the terminology that they will be reading throughout the book and its articles. It seems very void of opinion and other direct questions other than to says that the only steady thing that America has done to consistently separate whites and minorities is to offer no way for whites to consider themselves as anything but white. On all census information and questionnaires the basic questions about race that we are used to answering are flawed because they offer only ways for people to distinguish themselves outside of the white population. The authors also make the point that while many different venues of study have all different ideas and that the people within those venues have ideas that differ from one another, students should realize this and not take any one idea or area of study to be the exact and perfect truth. In the article, ââ¬Å"Classifying People by Raceâ⬠the author make much of the same arguments, but goes into more depth about them. She identifies four major themes that are flaws in categorizing people by race and ethnicity. The first one she talks about is ââ¬Å"the pattern of spreading the population into two groups: white and nonwhite.â⬠In this section she talks about the historical problem of allowing to few categories in questionnaires for people to give an accurate account of what they consider themselves to be. The second section talks about ââ¬Å"a belief in racial purityâ⬠and that it is wrong for us to expect of hope that people will be of one race or ethnicity because we believe it is somehow better when a vast majority of people all over the world and especially in America consider themselves to be of mixed ethnicity whether is be different European ... Free Essays on Race And Ethnic Relations Free Essays on Race And Ethnic Relations In ââ¬Å"The Study of Race and Ethnic Conflictâ⬠the main idea of the article seems to be to get students to understand different racial and ethnic terms that are used and why they are used in different ways. It also seems to be to help students to understand the terminology that they will be reading throughout the book and its articles. It seems very void of opinion and other direct questions other than to says that the only steady thing that America has done to consistently separate whites and minorities is to offer no way for whites to consider themselves as anything but white. On all census information and questionnaires the basic questions about race that we are used to answering are flawed because they offer only ways for people to distinguish themselves outside of the white population. The authors also make the point that while many different venues of study have all different ideas and that the people within those venues have ideas that differ from one another, students should realize this and not take any one idea or area of study to be the exact and perfect truth. In the article, ââ¬Å"Classifying People by Raceâ⬠the author make much of the same arguments, but goes into more depth about them. She identifies four major themes that are flaws in categorizing people by race and ethnicity. The first one she talks about is ââ¬Å"the pattern of spreading the population into two groups: white and nonwhite.â⬠In this section she talks about the historical problem of allowing to few categories in questionnaires for people to give an accurate account of what they consider themselves to be. The second section talks about ââ¬Å"a belief in racial purityâ⬠and that it is wrong for us to expect of hope that people will be of one race or ethnicity because we believe it is somehow better when a vast majority of people all over the world and especially in America consider themselves to be of mixed ethnicity whether is be different European ...
Monday, November 4, 2019
Sony PlayStation2 (A) Lab Report Example | Topics and Well Written Essays - 1000 words
Sony PlayStation2 (A) - Lab Report Example Before the advent of the Playstaion console, Nintendo, another game maker, had control of a big part of the game market, but "their games were usually simple and consumers were usually between 6 to 13 years of age, due to limited technology." (Deshpande, Rohit p. 8). The Sony Playstaion and playstation2 however, came out with high resolution 3-D graphics, and "enabled game developers to create more sophisticated games that appealed more to mature gamers, especially those between 20 and 30 years old" (Deshpande, Rohit p. 8) The Sony Corporation is the Manufacturer of the palystation2 console, and the company has set up various websites that serve as the company's driving force on the internet. Sites like sonystyle.com and playstation.com. These Websites provide information about new and upcoming Playstaion games, game console sales, and customer service. Playstation.com has already been quite successful, because the Playstation console is an industry leader when it comes to video games. Sony has also been striving to create an all new lifestyle in the net era, which is based on the interconnectivity of Sony's digital electronic products with modern IT technologies, and the company is well positioned take the lead in the market for digital home products, if it succeeds in aligning its software systems with its content business lines. Presently, the company has been perceived to be in a struggle to reinvent itself, in the process of pursuing hit products like the new PlayStation3 console Business Strategy & Analysis The makers of the playstation2 console, Sony Computer Entertainment Inc. (SCEI), came out with the objective to own the largest share of the home video game market. The company intended to achieve this by "leveraging proprietary, interactive 3-D graphics technology to provide entertainment that was unmatched by any other game system." (Deshpande, Rohit p. 4) Between 1994 and 1997, the price of the Playstaion console was reduced in a series of gradually increasing drops, forcing competitors to also decrease the prices of their products. "in 1997, Sony Computer Entertainment Inc. lowered the price of the Playstaion to $149, and Nintendo and Sega refused to reduce their prices too, but by 1999, Playstaion and Nintendo's N64 platform were being sold at $99 in order to clear inventory for upcoming game models.In 2000, "Fuelled by anticipation of the success of playstation2, Sony stock rose, and hit an all time high of $314 from the $74 recorded the previous year". (Deshpande, Rohit p. 14) SWOT Analysis for Sony and the Playstation2 Strengths Sony has many valuable physical assets The playstation2 console is also a clear market advantage for Sony Weaknesses Sony might be seen to have a narrow product line in its production of Playstaion games Opportunities Excellent software capabilities Joint ventures with other progressive corporations Threats There is a risk that Sony's innovative nature with the Playstaion might not continue as well as it has in the past There is a possibility that the video game market may, in the long run, separate the Sony Corporation video game makers into winners and losers. Bibliography Deshpande, Rohit Sony PlayStation2(A) Grant, R.M. Contemporary strategy
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