Individual Assignment Business Organizations Essay

Reflective practice is a way of studying your own experiences to improve the way you work. It is linked with the concept of learning from experience, in that you think about what you did and what happened, and decide what you would do differently next time. Reflective practice will make you improve the quality of service you deliver. It will ensure that the service providers are always getting the best possible service that they require because by using reflective practice you are always looking for things to improve on and see if you could do anything differently the next time round. Standards such as essential standards tell us how we should be working. We can use them to think about the way in which we work and measure ourselves against them. As everyone has different values and beliefs, it is important that we treat everyone the same no matter what their beliefs are. We should provide the same support for everybody, If we do not work this way then we will fail to perform the standards of the codes of practice set out by the regulating bodies. Outcome 2 2.1Everybody reacts differently to feedback whether it be positive or negative. I value any kind of feedback given to me, positive or negative because it is a good way of trying to better yourself. Some people may take negative feedback personally and think that they are being criticised. 2.2 It is important to seek feedback from people as you will know if you are working in the correct way. If you get negative feedback you will then know what you need to improve on for the better and positive feedback you know you can carry on the good work that you are doing. 2.3 It is important to listen to the feedback you get and use it whether it is positive or negative so that you can improve the way that you work and your quality of work.

Case Study 1: What’s the Buzz on Smart Grids?

CASE STUDY 1: What's the Buzz on Smart Grids? 1. How do smart grids differ from the current electricity infrastructure in the United States? Current electricity grids do not provide any information about how consumers actually use energy. That makes it difficult to develop more efficient approaches to distribution. The current system offers few ways to handle power provided by alternative energy sources. Without useful information, energy companies and consumers have difficulty making good decisions about using energy wisely. A smart grid delivers electricity from suppliers to consumers using digital technology to †¢ save energy reduce costs †¢ increase reliability and transparency The smart grid enables information to flow back and forth between electric power providers and consumers and †¢ allows both consumers and energy companies to make more intelligent decisions regarding energy consumption and production. †¢ provides information that would help utilities ra ise prices when demand is high and lower them when demand lessens. †¢ helps consumers program high-use electrical appliances like heating and air conditioning consumption times usage systems to reduce during of peak usage. could possibly lead to a five to fifteen percent decrease in energy consumption. 2. What management, organization, and technology issues should be considered when developing a smart grid? Management: Information feedback would allow consumers to see how much energy they are consuming at any moment and how much it’s costing them. That would allow them to make better decisions about using appliances like air conditioners and furnaces. They could potentially lower their energy bills. However, governments and energy companies need to help consumers overcome the intrusive feelings associated with the technology.Dashboard monitoring software must be easy for consumers to understand and use. Organizations: There are many disincentives for energy companies ass ociated with smart grids. Operating budgets and profits would be severely impacted if consumers greatly reduced their energy consumption. Implementation costs would be extremely high, even with federal government assistance. Consumer backlash is already evident in the few experimental cases to date. Without properly structuring the implementation, that backlash could grow against the energy companies.Technology: Networks and switches for power management, sensor and monitoring devices to track energy usage and distribution trends; systems to provide energy suppliers and consumers with usage data, communications systems to relay data along the entire energy supply system, and systems linked to programmable appliances to run them when energy is least costly, are all expensive and time consuming to retrofit into all the homes across the nation. Basically, the entire energy infrastructure would require retrofitting. 3.What challenge to the development of smart grids do you think is most likely to hamper their development? Some challenges to the development of smart grids include: †¢ Changing the infrastructure of the entire electric grid across the nation †¢ Installing two-way meters that allow information to flow both to and from homes and businesses †¢ Creating dashboards that are user-friendly †¢ Extremely high costs of retrofitting the entire grid infrastructure, estimated to be as high as $75 billion †¢ Potential intrusiveness of new technology †¢ Perceived and real loss of privacy Potential economic impact on energy companies 4. What other areas of our infrastructure could benefit from ‘smart’ technologies? Describe one example not listed in the case. One example that could benefit from smart similar to the electric grids is monitoring water usage in homes and businesses. Smart technologies could allow water utilities and consumers to †¢ Monitor water flows much like electric usage †¢ Turn off lawn sprinkl ers during the heat of the day or based on predetermined schedules †¢ Use monitors in lawns and around plants and shrubs to prevent over- or under-watering †¢ Monitor evaporation rates Monitor fountains, and other water for usage pools, features of usage 5. Would you like your home and your community to be part of a smart grid? Why or why not? Explain. Yes, I would like my home to incorporate the new smart grid technology because it offers to save energy, reduce cost, and increase reliability. Understandably, there may be costs associated with this production such as maintenance, installation, etc. However, I would be willing to pay a little extra up front if I would be saving a lot more throughout its usage. Not to mention helping the environment would not be a bad incentive.

Can Failure Lead to Success

Failure is to success as practice is to perfection. One who perseveres to achieve a paragon of whatever it may be will one day accomplish that task. In the same sense, an average human being who makes mistakes, like the rest of us, must fail in order to reach the level of success that he or she is determined to. A transient feeling of doubt may come across after or during the breakdown, but learning to be optimistic in such situations will abet one to learn from the wrong-doing and make better of themself.Any obstacle to stand in someone’s way of acquiring success is simply just a nudge in a different direction. Failure gives you the opportunity to come back stronger and braver. You are given a chance to work even harder than you did in the past. Assiduity and confidence is the key to picking up from any debacle that may influence you to give up. Imagine interviewing for a job that seemed like the best out there for you, but you didn’t get it.However, another job comes up that pays more and fits more comfortably for your schedule. A frustration of decline suddenly becomes something gained. Everything will soon be put into its’ right place, which is something pivotal to remember when you are in a struggle. Now that you have undergone such a negative time period of failure, you have been given a learning experience. Your stream of thought has been influenced and enriched. It is easier to develop new and different ideas, being that you must erase previous concepts.Make a new approach, take a risk, or test out something new to see a change in what you have done. All you have room left for is improvement, so doubting yourself will lead you nowhere. Learn from the mistakes that you have made in order to never run into them again on your road to success. Think of your downfalls as different plans that didn’t work out, rather than complete failures with no advantage. There are always things to learn, ways to grow, and new opportunities waiti ng for you.Failure can very well lead to success, but it all depends on you. Don’t be pessimistic when you must make new attempts in different situations. Be the best you can be so that your efforts can shine through in your work. Desire to succeed is much greater at this point, meaning you can truly stay focused on your goals. Viewing failure as the end of your road is the biggest mistake of all. Simply consider it the beginning of something potentially better.

Public relations officer interview Essay Example | Topics and Well Written Essays - 1500 words

Public relations officer interview - Essay Example The Richmond Veterans Hospital offers services to over two hundred thousand veterans who dwell in the central and southern parts of North Carolina. Their services are offered in their outpatient clinics that have been located in Emporia, Charlottesville and Fredericksburg. The Hunter Holmes Hospital was actually the first hospital in VA to execute heart transplants on its patients. The Richmond VAMC is also the hospital that offers patients suffering from heart failure with medical care throughout the country. In addition, the hospital offers a variety of services to its patients that range from comprehensive outpatient care to the multifaceted inpatient services like heart, kidney, liver and lung transplantations. The medical facility also provides medical care to patients suffering from traumatic spinal and brain injuries. The hospital has about 415 operating beds and an acute care department, mental health services and nursing home. In addition, a new polytrauma transitional rehab ilitation center was recently opened to assist injured veterans adjust to living normal lives (US Department of Veteran Affairs, 2012). Ms. Edwards, the public relations officer at the Richmond Veterans Hospital plays various roles on behalf of the facility. ... situation with the police officers, determine who and how the family of the deceased should be informed and deliver a statement to the hospital staff and the press. In another instance, an employee who was engaged to another employee fell out with his fiancee and shot his fiancees cousin as they arrived at the facility (the cousin was a veteran who had been receiving cancer treatment and was killed). Ms. Edwards immediately communicated with the police, offered statements to the press and communicated the situation to the hospital’s employees. On the same day that I interviewed Ms. Edwards, the assailant was in court pleading not guilty though she ensured that the employees who had been affected by the incident were okay. The Richmond VAMC hosted the wheelchair Olympics this summer with Ms. Edwards being put in charge of coordinating the event which took a great deal of her time and energy. Prior to the event she resided at the downtown Marriot hotel which was the center for o perations for this event. She was charged with the tasks of directing the events, the staff members, various organizers, participants, medical staff and everyone else who was a part of the event. The public relations officer for the Richmond VAMC was also responsible for arranging the itinerary and making clearances with the hospital’s director when public figures like Michelle Obama visited the facility. According to the WWBT news, the first lady, Michelle Obama’s visit to the Richmond region came less than three months after the president had visited. It was a high profile visit to the state which was considered an important swing state during the coming elections. The news channel reported that at around lunchtime on Wednesday, the country’s first lady would attend a high profile

Data Mining in Airlines - NOTE Essay Example | Topics and Well Written Essays - 750 words

Data Mining in Airlines - NOTE - Essay Example Among the diverse transportation security parts, airport security remains the most contentious because it is vastly invested however it raises concerns. A conceptual connection to the word â€Å"security† divulges several aspects of AIP security initiatives supported through government funding. Results of the study support theoretical framework that two levels exist that the influence the distribution of grants in transportation security, and they include environmental changes in macro level as well as project features in micro level. Moreover, analysis points out that 9/11 events and the economic crisis in 2008 greatly affected the provision of grants associated with security and all grants in various ways (Wang, Andoh-Baidoo & Sun, 2014). The main weakness in the analysis of the study is that it is restrained by the variable choices because of secondary data. For instance, airport region and type are the only two variables describing project characteristics that only approxi mately indicate location and scope. Moreover, FAA discloses only financed AIP projects, increasing the difficulty of investigating factors that influence awarding of grants. Despite the weaknesses, the study findings still generate some significant implications to both practitioners and researchers. It shows that the investment in transportation security positively responds to terrorist attacks like 9/11 although this is not the case with economic events like the 2008 economic crisis (Wang, Andoh-Baidoo & Sun, 2014). The study focusses on customer behavior and firms developing permanent relationships with customer (Liou, 2009). The study tries to solve the problem of forecasting behavior to help firms minimize loss of existing customers by vigorously creating an enduring relationship with customers (Liou, 2009). The paper uses factor analysis; as well, it introduces Variable Consistency

Changing a behavior Essay Example | Topics and Well Written Essays - 750 words

Changing a behavior - Essay Example I kept track of my daily progress through a data tracking sheet which I will provide with the paper. Motivation My goal falls in upper-level needs in Maslow’s hierarchy of needs. My wish to change my behavior is my social need and self-esteem need, which are the psychological needs that come up in the hierarchy when the low-level needs are satisfied. The only counter-motive that made it difficult for me to accomplish my goal was the lack of comfort in my life. As I already stated, my life has been very hard and I had to struggle a lot to get at this point in life. This hardship made me doubtful about my future and thus I became afraid of many things. This counter-motive falls in the category of safety (comfort) needs in Maslow’s hierarchy. I felt extrinsically motivated to change this behavior because the appreciation I was expecting to get from my peers and others after my changed behavior was enough to motivate me to achieve my goal. My motives did contribute toward t he outcome because communicating with people is always fruitful in the development of speech skills. Also, facing the danger reduces the fear that one feels while encountering dangerous situations. In this way, my motives were good enough to contribute toward a positive outcome. Learning I set my email and other passwords on the words that could remind me of my goals. For example, I changed my email password to â€Å"don’t_be_afraid†, so whenever I logged in, my mind accepted this fact that I had to come out my timidity. I decided to pick a debatable topic once a week and make an appointment with a friend to come and discuss the topic with me. I made a plan to look into the mirror for continuous 10 minutes daily and tell myself that I am a confident person. All these methods proved very helpful to me in the accomplishment of my goals and brought out the long-lost confidence from within me. Emotions, Barriers and Social Support I felt very much motivated to change my be havior. I made a resolution that I had to change this behavior at all costs, and I felt pleasure in my decision. I felt as if I was valuing myself. This feeling filled such energy inside me that I wanted to do more and more to become confident. I found myself emotionally strong enough to keep myself going. It was a nice surprise to me. The only barrier that made it difficult for me to accomplish my goal was the lack of social support. Since I live alone, I am far away from my family and friends, and their support was much needed during this whole process. I was expecting this barrier but to overcome it, I arranged to keep myself busy with my friends and decided to stay in group rather than being alone all the time. Thus, I enlisted some of my colleagues to help me during the process and this was very helpful. Conclusion I am proud to state that I did accomplish my goal to much extent. Although at some points, I felt that it was all useless, but when I started feeling a positive chan ge within me, I decided to continue the process, and in the end it proved to be very fruitful. I feel very delighted at this change because I am getting very much appreciated among my peers. Now, I am able to lead a group. I can speak in front of crowd and deliver a speech. I feel confident enough to tell someone about his mistakes and how to correct them. My self-esteem has risen. Now, I am not shy of giving presentations and delivering speeches. In the future, I plan to

EFT4 task 5 SUBDOMAIN 602.4 - SUBJECT-SPECIFIC TEACHING METHODS Essay

EFT4 task 5 SUBDOMAIN 602.4 - SUBJECT-SPECIFIC TEACHING METHODS (ELEMENTARY) - Essay Example Students are asked to change the two dimensional objects into the three dimension objects. A cube is formed from six faces with identical squares, which are joined by their edges. A vertex is formed by joining of the three edges at the each corner. This cube is too known as the regular hexahedron. The cube is very common 3-D (three-dimensional) object. The shape is displayed in the figure below. For understanding the concept of finding the surface area of a cube in grade 5 and 6, there is need to educate the students in a logical and more practical manners (Mighty students, 2010). The use of real time practical examples can help the students of this age to get better understanding of the concept of surface area of a cube. According to McDoniel (2008) the topic relates to the understanding the surface area of a cube. The author also describes the methods for making the concepts for the students of grade 5 and 6 through the use of real world practical examples. There are some prerequisite skills, which are necessary for getting better knowledge about the concept of surface area of a cube. These important requirements are as follows: The students must be familiar with cubic shape items. For making cube shape things like a bin, student must make square shape pieces. This concept is based on the turning two-dimensional squares into three-dimensional cubes. When students are asked to make a cube shape bin, for this task they must cut the square shaped six pieces and all these six pieces must be of same size. This concept relates with the cubes. After having six same sizes square pieces combine them together to make cube shape of a bin. From this the surface of a cube is calculated by using the above formula of SA= 6 * a2 (The World of Math online, 2005). To determine the exterior surface are of a cube there is need to find the height, width and depth. A cube has six faces and three- dimensions. All faces of a cube item are shaped as square.

Its Wrong, But Everybody Does It Essay Example | Topics and Well Written Essays - 250 words

Its Wrong, But Everybody Does It - Essay Example The participants are not so much in agreement about the most acceptable kinds of cheating because the standard deviation is higher. 11 Males report higher tolerance of cheating because of need to pass the class, fear of being put on academic probation and needing a good grade to maintain athletic eligibility. These are all status related factors. 12 Males report higher tolerance of cheating both in terms of copying homework and copying an exam. This shows they are willing to take more risk. It is interesting also that males show significantly more willingness to let others copy their homework. They support each other to achieve male status. 15 The results suggest that students cheat for different reasons, and that they rate various motives differently. This suggests that more research is needed to understand why some types of motive are seen as more acceptable than

Business In Global Markets Term Paper Example | Topics and Well Written Essays - 1500 words

Business In Global Markets - Term Paper Example However, some other aspects that affect globalization are not easily controlled. It takes a lot of time and resources to change certain aspects that affect globalization. One of these aspects that have been affecting globalization is culture. The culture of a place is not easily changed as most of the societies in these areas savor their culture. In most cases, the behaviors of a society are connected to their culture. Therefore, it is not an easy task to separate behavior of people from their culture as the two are cemented together. Primary Components of Culture. Culture comprises of various primary and secondary components. Primary components are vital in a society as they have a direct impact on the society. Most of the primary components of culture are given priority as they have an impact on the whole community and society. The first primary component of culture is language. The language in a cultural society is the way the people in the society communicate to each other. Some of the people use verbal way of talking while others use signs. It is explained that language is a way of communicating to other members of the society and an important aspect in interaction. Therefore, globalization and spread of business will depend on the acceptance in communication with the society through language. The second primary aspect is the beliefs of the society (Meyer 17). Some societies have strong beliefs about various products that are sold in the market. Therefore, this is likely to affect the issue of globalization and spread of businesses in such an area. For example some areas have beliefs that people are strictly vegetarians. In such places, consumption of animal meat is prohibited. Therefore, a business that specializes in meat production is not likely to sprout in such an area. The third primary element of culture is the norms in the culture. Norms are stipulated in a community to help in orderliness in the society and culture. The culture upholds the need fo r orderliness, discipline and stability in the society. Without this, the society will not be peaceful ads many people will not be in peace. Similarly, the norms of a culture explain the social control that is instilled to the members of the society. This ensures the members of the society are having social control and peaceful coexistence. This could affect globalization in a number of ways. For example, when there is no social control, the environment will not be conducive to business. As such, businesses will have the fear of selling products in the market. The fourth primary aspect is values of the culture. A value is a strong aspect in a cultural society and has effect on the decisions that are made by the people. Apparently, the values of a society explain anything that people have unanimously accepted to aspire to hold it in high esteem. Therefore, when a community values discipline, all the members of the community have to be disciplined. Without such, the society is likely to punish the people that deviate from discipline. This is one of the aspects that affect globalization and business orientation in the community. The last primary component of culture is the roles and statuses of the people in the society. Many societies have various roles that should be performed by various groups. These roles are strictly observed by these communities and people have to respect such an arrangement. Deviating from such an arrangement is considered unacceptable and can be met with stringent

Multicultural Education Essay Example | Topics and Well Written Essays - 1000 words - 1

Multicultural Education - Essay Example In revising this text for the paper, the researcher would conduct further research and look for empirical evidence to support the contention that the achievement gap among diverse cultures are linked to attention and engagement. The arguments presented in this text explored would have been more persuasive if researchers, their research methodologies and findings had been presented to support this statement. Attempts would have also been made to find empirical evidence of the claim that a multicultural education can engage and gain the attention of pupils and thus close the achievement gap. Certainly there must be some evidence of this outcome somewhere in the literature. In conducting further research, the researcher would revise the paper to identify possible areas of further research in the area of attention and engagement and how a multicultural education might have a positive outcome on the achievement gap. If the researcher finds nothing of value in the literature, he would rev ise the paper to reflect that the hypothesis has not been satisfactorily tested in the literature. It is also stated that a third and final revision would be the removal of direct quotes. These quotes would be removed and replaced by a synopsis of the quoted text instead. In conclusion, the researcher would also revise the text to reflect more critical arguments on the topic of multicultural education rather than a regurgitation of the theories discussed and assumptions espoused in the literature.

Paul Farmer Essay Example for Free

Paul Farmer Essay How far will one man go to achieve the impossible? How far can one man go to reach his goal? The country of Haiti is one of the most under developed countries in the world, but one doctor, Paul Farmer, is determined to help cure this country. No matter what the costs, Paul Farmer is willing to do whatever it takes to help those in need. A doctor who has graduated from Harvard, is also the founder of Partners in Health, and is also a teacher at Harvard. In the book Mountains Beyond Mountains, by Tracy Kidder, Kidder shows the perseverance, determination, and courage of Paul Farmer and how he tries to help cure an under developed country and how he treats his patients. Paul Farmer isn’t like any other doctor. He treats his patients with more care than an average doctor. In chapter 2 of Mountains Beyond Mountains, Paul Farmer is seen with a patient in Boston who is HIV positive. The patient, named Joe, doesn’t eat properly and doesn’t take his medication and is also a drug addict. Though Joe doesn’t follow the protocol of being healthy, Paul Farmer insists that he treats Joe with respect and care. The patient only wants to drink and wants somebody to take care of him. Farmer took the patient to a homeless shelter. During Christmas time, Farmer bought Joe a six pack of beer for Christmas as a gift. On a message board at the hospital, read â€Å" OUT- cold, their drugs, ? gal. vodka, IN- warm, our drugs, 6 pack bud. † (pg. 15) At the bottom of that message also read â€Å"Why do I know Paul Farmer wrote this? (Pg. 5) This shows how Dokte Paul Farmer cares for his patients and how the other doctors are used to his generosity with their patients. Not many doctors would go to the extreme in taking care of one patient, or bending the rules to suit a patient’s needs. This act of kindness shows how much Paul Farmer cares about his patients and the people of Haiti. Paul Farmer treats everybody equally, whether they’d be rich or poor. The US Army is in Haiti to reinstate the country’s democratically elected government and to take away the power of the Junta that is ruling the country of Haiti with cruelty. In chapter 1, Paul Farmer despises how Captain Carroll and his men release Nerva Juste, a sheriff who is accused of beheading the assistant mayor of Mirebalais. Because there wasn’t any hard evidence of Nerva killing the assistant mayor, the US army had to let him go. Paul Farmer says to Captain Carroll, â€Å"Two clear sides existed in Haiti, the forces of repression and the Haitian poor, the vast majority†¦it still seems fuzzy which side the American soldiers are on† (pg. 15). This shows that Farmer is defending the poor Haitians

What Is the Principle-Agent Relationship Essay Example for Free

What Is the Principle-Agent Relationship Essay A great majority of social and economic relationships are of the principle agent type. The principle-agent problem is a game-theoretic situation where; there is a player (the principal) and one more other players (the agents). This is the problem of how the principle can motivate the agent to act for the principles benefit rather than follow self interest. â€Å"The problem is how to devise incentives which lead to report truthfully to the principle on the facts they face and the actions they take, and act for the principles benefit. Incentives include rewards such as bonuses or promotion for success, and penalties such as demotion or dismissal for failure to act in the principles interest. † (Black, J. 2003). The actions however, may not always be apparent so it is not usually adequate for the principle to state payment on the actions of the agents. The reasons why we expect the public sector to be inefficient has to do with the incentives and restrictions of the individual and organisational levels. There are at least two important reasons why perfect contingency markets have not developed as stated by Broadway Wildasin (1984). The first reason is that the transaction costs of establishing such markets might be high relative to the number of traders. The other reason is the observable fact of asymmetric information, also known as the principal agent problem. Two particularly significant consequences of this reliance are â€Å"moral hazard† and â€Å"adverse selection†. Daniel W. Bromley (1989), states that the principal must rely on indicators of success rather than success itself (adverse selection), while the agent directs attention toward the satisfaction of proxy measures rather than toward the success of the task itself. (moral hazard). The â€Å"hazard† in moral hazard refers to the fact that the individual has an incentive to direct behaviour toward proxy measures rather than toward the desired goal. This redirection can result in creating incentives for perverse behaviour. The â€Å"adverse† in adverse selection refers to the fact that the establishment of monitoring criteria leads to perverse measurement. Individuals who wish to take out insurance possess information that insurers don’t. The insured persons (the agents) can exploit this informational advantage in dealing with insurers (the principles) in various ways (Broadway Wildasin, 1984). Moral hazard occurs when the insured can, through actions unobservable to the insurer, influence wither the probability of a loss occurring, or the magnitude of the loss. For example, a person can influence the probability of an accident by the degree of preventive action taken. If the quantity of preventive action is not observable to the insured, market failure can result. Alternatively the standard example of how the insured influences the size of the loss is medical insurance. In the event that illness occurs, the insured can overuse medical services. Adverse selection occurs when there are several different types of insured persons, distinguishing from one another by the probabilities of a bad state of nature occurring. Thus, for some persons might be high risk and others low risk, and the insurers cannot tell one from the other. Automobile insurers cannot tell careful from careless drivers except imperfectly through such indicators as sex, and family status. Equilibrium may not exist in the presence of adverse selection and even if it does it may not be efficient. A problem related to adverse selection is the simple lack of information by market participants. The diversification of the Pareto-Optimality of competitive markets assumed that individuals and firms have complete knowledge regarding the availability and attributes of all goods and factors. Such will not always be the case. Consumers may not know the implications of various products for their health or safety, nor will they have full information on the relative merits of various competing consumer items. Firms do not always know the quality of the labour force they are hiring. The provision of information has the attributes of a public good, especially the joint consumption property. Thus, information on product safety and health hazards is often publicly provided. (e. g the Food and Drug Administration). Similarly the education system provides, in addition to its training role, an informational function known as screening. That is by attaching levels of achievement to persons coming out of the education system (e. g. egrees, diplomas, grades), information is being provided to prospective employers regarding the potential productivity of the person. Presumably, the practice of licensing various professions or trades plays a similar screening role, however imperfect it is. The dissemination of information can, for our purposes, be considered as a particular type of public good. Due to the non existence of perfect contingency markets, Pareto optimality does not exist in the real world, and this may influence government behaviour. According to Brown Jackson (1990), inefficiency in the public sector arises when there is an asymmetry of information between those who demand services and those who supply them. This problem is predominantly evident in education and healthcare due to imperfect information. For instance, a patient (the principle) seeks information and advice from her GP or consultant (the agent) concerning her medical condition (i. e. health status). The doctor has specialist technical knowledge and subsequently in providing information to the patient the doctor also advises them on what should be done next. Therefore, because the doctor has the technical skills to make decisions in the patient’s best interests; in most cases they make the decisions for the patients. Had the patient been fully informed and competent enough to assess the technical options, the doctor wouldn’t have to stand in place of the patient as they would have been able to make their own decisions. The public sector consists of professional groups such as doctors, lawyers, teachers, planners etc. Each of these professions holds their own norms and standards that have a hold upon the level and quality of their services. If a lawyer puts professional standards above the interests of the client then this will result in allocative efficiency as they are acting in their own interests as agents rather than those of the principal. Another example of principal and agent is that between voters and elected politicians. â€Å"The rationale for the existence of a representative democracy is that politicians, because of their specialization, are better informed than the general voting public and stand as agents of the voters. † (Brown Jackson, 1990. p. 204). If politicians get the wrong idea about the preferences of the principles then there will be allocative inefficiency once again. In some cases, the suppliers of public services are not exploiting the customers/voters for profit but rather that in serving their own interests â€Å"they may tend to over produce or to produce a quality of service in excess of what tax payers would be prepared to pay if they were better informed. † (Brown Jackson, 1990. p. 204) Due to budget constraints, public firms do not have the financial capabilities to provide powerful incentives unlike private firms. Bonuses are not awarded for good performance nor can individuals be fired for misperfomance. Subsequently, public agencies are systematically less efficient as individuals are less complacent to be efficient or to provide the best services to their customers. Even if they do have any incentive, more often their aim directed at political goals rather than the objectives. Bureaucrats for instance, as explained by Stiglitz (2000) may not receive ample pay checks or considerable dividends from increased efficiency, but they often seem to enjoy the power and prestige associated with being in charge of a larger organization. They attempt to maximize the size of their bureaucracy by reducing efficiency. The only thing that stops them from doing this is competition between bureaucracies. W. A Niskanen, implies that the increasing centralization of government bureaucracies has reduced competition, in doing so bureaucrats can pursue their interests at the expense of efficiency and the public interest. This is an example of the principle-agent problem. â€Å"Here, the problem is, how do the citizens (the â€Å"principles†) get their employees, public servants (the â€Å"agents†), to act in their interests? † (Stiglitz, 2000 p. 202) Revise.

Differences between historical and scientific explanations

Differences between historical and scientific explanations Topic: -What are the similarities and differences between historical and scientific explanations? An explanation is one which is ‘rooted or firmly embedded in psychology and in reality. An explanation is one which should make something vivid to the person inquiring. A young child asking why the sky is blue or why water freezes cannot be satisfied with an answer couched in scientific polysyllables that he does not understand. To be effective, an explanation must be one which is easy to understand. On the other hand, a proper explanation must rest on truth that is, it must refer to reality. A good explanation is one which fulfils or satisfies the particular need of the inquirer and answers only that. Let us take for example a priest enquiring about a robbery seeking an explanation from the robber. If he asks: ‘Why did you rob the bank?, and the robber replied, ‘Because thats where the money is. This explanation, for the priests purposes, as per the priests question is not an explanation fitting to him. The explanation is supposed to be directed in order to fulfill the moral reasons behind the theft. However, the explanation of the robber is one which will satisfy any practical man: Any Scientific person. This explanation of the robbers is a scientific explanation looking more towards the practical side of the argument rather than the moral or ethical side of the argument. There is more than one way of explaining, including Common Sense, the Scientific, the Social Scientific and the Historical modes of explanation. This essay will be focusing more on the scientific and historical modes of explanation. Science is a way of acquiring human knowledge. The three essential aims of science are prediction, control and explanation. However, the greatest of these is scientific explanation. Scientific explanations are nothing but tentative proposals. They are offered in hope of capturing the best outlook on the matter. Scientific explanations however, are subject to evaluation as well as modification. They are valid deductive arguments whose conclusion is the event to be explained. The Scientific mode of explanation is more properly named the nomological-deductive type. It is also known as the DN account. This means that the explanation is deduced from law-like statements (from the Greeknomos= a law). For example, there is the law, or universal hypothesis, that whenever the Earth passes between the Sun and the Moon there is an eclipse of the Moon. Thus any particular eclipse may be explained as an instance of that general law. The general rule that provides the explanation is strengthened if it can be shown to be consistent with a more fundamental law. Historical explanation is the explanation of certain events which have taken place in reality. A historical explanation, in general terms is the explanation of a circumstance in the context of history.   Historical explanations give causes of outcomes in particular cases. They are empirical, but can be altered. These explanations are limited to the past. A useful method for historical explanation is analysis in terms of power. This means assessing the power, or ability to affect the outcome in question, of focal actors and entities, determining their use of that power, and, perhaps, accounting for that use. The first of these depends, in part, methodologically on deductive theory: the power of one entity depends on what others can be expected to do, and theory can help assess that. The second is mostly historical accounting, but may need theory to determine what goals are feasible for actors. In the third, theory such as rational choice may be especially useful when the power-holdi ng actor is an aggregate of individuals. There are a few ways of knowing through which these explanations, namely scientific and historical explanations can be deciphered: Perception, Reason and emotion. One example in order o decipher and differentiate both types of explanation is the mystery of one of the most puzzling monuments of the world, the â€Å"Stonehenge† present in Great Britain. There have been many theories, posed by many, historians and scientists alike, all from different walks of life. These theories, as expected, happen to be as contrasting to each other as possible. However, all these theories are based on nothing but, ones perception, reason and emotion.   A persons perception of different events depends on the state in which his mind is at that particular point of time. Not only this, but also depends on the way the person is brought up in his life, the place, etc. A person who is brought up with one particular set of values will have a different perception from one who has been brought up elsewhere with another set of values. There have been various theories relating the existence of this monument to God and aliens. Some theories even spoke about wizards! However, there have been more relevant theories which justify its existence as an astronomical laboratory, a burial ground, etc. In this case, a person, who has been brought up with different religious and mythological values inculcated with him, would obviously believe in the existence of God and attempt to justify the existence of the Stonehenge as that of a temple of God. However, an atheist would not do so since he does not believe in the existence of God and wouldnt think twice before rejecting the idea of the existence of God. This would be the cause of a reason or an emotion. A religious person may be one of the many who can be termed as a person capable of meting out a historical explanation. However, this person may be able to provide a historical explanation for the existence of this monument, only if he is able one of the three methods of historical explanation. Historians may believe in its existence by using the observations made from the archeological evidence which has been discovered. It is emotion which brings out the fear in their heart and it is this emotion which affects ones perception. When one is brought up with religious values inculcated in him, the priests or the higher order of the temple he goes to would probably build inside his heart, the element of fear of the almighty God. It is this fear itself which would lead a person like this to believe that monuments like the Stonehenge may be temples of the Almighty God built by God himself in order to conduct various rituals; a thought, which would most likely, immediately be cast away by an atheist or a person who is highly practical. However, this historical explanation provided here would not fulfill the question as intended by the inquirer. Again, it depends on the reason and the perception of the inquirer, whether he would believe in the existence of God or not? Now, let us focus on the view of the scientific explanation about the purpose of the Stonehenge. A scientist, archeologist or a historian may clearly believe that this monument had been of some major significance to the people of that society. There are many theories which have been put forth by these scientists, archeologists and so on. However, no one of these theories has been proved true. Again, what one perceives to be true would depend on the emotion, and how one is brought up. A person with scientific beliefs may be considered as a practical person who, unlike a religious man would not readily believe in the fact that this was built by the Almighty God and was meant to serve Him. He would not hesitate to believe that it may have been a holy place of rituals, but would surely cast away the idea that it was a temple built by the Gods, for the Gods. However, he would be the one to put forth the theories that these were built for their astronomical significance of looking at the m oon by observing the arrangements of the ruins, which are factual; an astronomical observatory in order to mark significant events on the prehistoric calendar. This is one explanation which would both suit the purpose of the question put forth and would fulfill the inquirers desire. This, here is a scientific explanation. Hence, we have seen as to how different scientific and historical explanations are in this case. Also, we have seen similarities as to how both the types of explanations are based on observations and as to how both the explanations serve to answer the question which has been put forward. Now, let us take another example, this time, about the occurrences of daily life. Belief in superstitions is one which has been highly debated upon by people who believe in them and the people who think that it is solely a coincidence. People say, â€Å"When a black cat crosses your path, it means that you will face bad luck in the day.† If, by any chance, this happens to be true at one instance, it means that it has occurred in reality, in the context of history. Hence, one can provide a historical explanation justifying the omen of bad luck only because the cat crossed the path. This explanation was based on facts which were purely based on facts occurring in reality. A historical explanation is supposed to be empirical, it may be altered. However, the other form of explanation to be discussed is scientific explanation. A scientific explanation is one which is always open to change, unlike historical explanations and the theory or the explanation has to stand the test of tim e. A man providing a scientific explanation would only say that the person who faced ill-luck was only a result of the person believing in the superstition and being too self-conscious about the incident. If he were to talk about a person who does not believe in superstitions, all he would say is that the incident was a matter of pure coincidence. The examples above, about both the existence of an epic and the amount of truth in a superstition would only serve the purpose of showing us the differences between historical and scientific explanations. The key similarities that exist between both the explanations are that both the explanations are based purely on facts only that a historical explanation is based in the context of history and scientific explanation is based on theory, and the results of the thesis. Another similarity is that both the types of explanations serve as an explanation to the same question though in different contexts. The primary differences are that while historical explanation is based on facts occurring in reality, a scientific explanation is one which is based on research and accumulated facts which are obtained as results. Hence, we have seen and examined the differences between historical and scientific explanation with the use of appropriate examples.  

Television And The Internet :: essays research papers

Television and The Internet Having already done my fair share of internet surfing, I was excited to finally have the opportunity to do a research paper that involved this vast and seemingly boundless electronic world. It is easy to passively interact with the rest of the world and scan effortlessly through millions of pages of information, some of which is useful, some of which simply takes up space; the problem that many researchers and interest groups face is making sense of the whole thing. What effects does the internet have on people? This question is no doubt an immense one. In this paper I will attempt to explore the effects the internet has on one major aspect of our everyday lives: television. The internet is not only linked to television in the sense that they both convey vast amounts of information, but they both seem to complement each other. The internet is presenting vast amounts of information about our favorite television shows as well as providing an arena for discussion about the programs. I will present to you what is available out there and hypothesize how this can enhance or alter one's experience with television. Included in this paper will be actual responses from individuals around the world who responded to a survey I posted on various internet newsgroups devoted to specific television shows. The most relevant responses are attached as an appendix at the end of this paper. I will first briefly define the terms that I will use to avoid any ambiguities. When I refer to the internet, I refer to the vast encyclopedia of information presented through a graphical interface as pages, or web sites. Newsgroups refer to a different aspect of the world-wide web. They consist of over ten thousand separate and specific forums or centers where people post comments or remarks and read other's replies or comments. Each newsgroup is devoted to a different theme. For example, there are over two hundred devoted to television; one or two for Friends, one for Party of Five, one for the CBC, etc. Chat groups are an interactive aspect of the world-wide web in which people can talk in real time. There is an unlimited number of channels one can speak on, although there are more popular ones with specific themes; for example, the channel alt.tv.simpsons is a popular channel for Simpsons fans to discuss the show. These are the main aspects of the world-wide web which can handle affairs dealing with television. The broadest, of course, is the internet. I will refer to those who browse the internet as "surfers.

Abortion - Americas Answer to Hitler Essay -- abortion argumentative

Abortion - America's Answer to Hitler      Ã‚  Ã‚  Ã‚   Who should live, and who should die? Who has the right to make these decisions? People have been asking these questions for years but can't seem to decide if abortion should really be considered murder. Is it right to kill a blessing from God when the baby is healthy and so is the mother who carries it? And is it acceptable to abort if imminent death is the only thing in store for the baby after its birth? As difficult as these questions may seem, I believe that we must protect all human lives at any stage of development whether it be puberty or the first trimester. However, if terminal diseases are to cut short the lives of these little ones, and pain and suffering will be all they know of this world, then I believe the parents have the right to abort and stop their child's suffering. With this exception, people should see that all children have the right to life, if they are able to live, because of their potential of becoming a person.    The taking of a human life is not justified when that human is not capable...

Essay --

Trading education to fish for their lives/ Choosing shores over schools Kumar*, 16 is among the many children in Pamban village of Rameshwaram who forego education and venture into the sea to earn a living for their families. While key decisions about sharing of waters between Indian and Sri Lankan fishermen are awaited, the fishing hamlet of Anthoniar Nagar in Rameshwaram has children as young as 11 years accompanying fishermen in their country boats. At four feet tall, Kumar* is small for his age. After his father abandoned the family, he dropped out of school in class VIII and turned breadwinner of his family. â€Å"Nobody forced us to go fishing,† he said and introduced his friend Joseph*, a soft-spoken skinny boy of 11 who was almost a foot taller than him. Kumar* claimed that Joseph* willingly went fishing with his father to provide for his family of seven. â€Å"It’s been three years since I went to school,† said Joseph*. He said that the Indian Navy caught boats with children in them and that yet they went about 50-60 feet deep. â€Å"I don’t go to school but at least I earn for my fam...

Malaysia †Quarterly Balance of Payment in 2010-2012 Essay

This report is focused on the analysis of Malaysia’s balance of payment for last six quarters (from Q3/2011 to Q3/2012). It will show the impact of balance of payment to economy or the financial crisis. The last part of this report will involve the summary and the forecast the Malaysia’s balance of payment in the future. Third quarter of 2011 Current account: the current account balance recorded a surplus of RM26.6 billion, an increase of RM3.2 billion (13.8 percent). This higher surplus was attributed to: the lower net payments on income of RM3.8 billion higher surplus on goods of RM38.2 billion. Goods Account: the surplus on goods increased to RM38.2 billion by Exports FOB expanded by RM5.0 billion to record RM176.7 billion. The demands for exports FOB was mainly contributed by electrical & electronic products, palm oil & palm oil based products and liquefied natural gas (LNG). Moreover, Imports FOB posted RM138.5 billion, an increase of RM3.1 billion (2.3 percent). This was attributed to higher value of imports Services Account: Exports of services registered RM26.6 billion. Meanwhile, imports of services posted RM29.0 billion. On net basis, the services account experienced higher deficit of RM2.4 billion from RM0.7 billion previously. This was mainly due to: 1. lower net receipts in travel account of RM5.5 billion from RM6.7 billion; and 2. higher net payments in transportation account of RM6.7 billion from RM6.3 billion. Income Account: income receipts recorded RM13.9 billion from RM11.2 billion previously, of which investment income recorded RM13.0 billion and compensation of employees RM0.9 billion. On the payments side, income account registered RM17.8 billion from RM18.0 billion, of which investment income recorded RM16.3 billion and compensation of employees RM1.4 billion. So there was more investment in Malaysia. Current Transfers: Net payments on current transfers remained unchanged. Capital account: In the current quarter of 2011, the capital account recorded a higher net outflow of RM58.0 million from that of RM26.0 million posted last quarter. Year-on-year, net outflow of capital account narrowed from RM63.0 million. Cumulatively, the capital account recorded lower net outflow of RM97.0 million from RM166.0 million in the first nine months of 2010. Financial account: The financial account reverted to net outflow of RM23.3 billion from net inflow of RM44.5 billion previously. This was mainly due to a swing in portfolio investment from net inflow of RM48.1 billion to net outflow of RM23.4 billion. Direct Investment: direct investment posted net outflow of RM7.7 billion, consisting of DIA: higher net outflow of RM12.9 billion. The major sectors attributed to DIA were financial & insurance, oil & gas, and construction. FDI: lower net inflow of RM5.2 billion. FDI inflows were primarily channeled into manufacturing, oil & gas, and wholesale & retail trade sectors. Portfolio Investment: Portfolio investment reverted to net outflow of RM23.4 billion from net inflow of RM48.1 billion previously. Year-on-year, portfolio investment also showed a turnaround from net inflow of RM18.3 billion a year ago. Reserve assets: The international reserves Bank Negara Malaysia increased by RM10.9 billion in the current quarter as compared to an increa se of RM61.7 billion in Q2 2011. Fourth quarter of 2011 Current account: the current account recorded a surplus of RM22.0 billion, a decrease of RM4.6 billion. The lower surplus was reflected in: higher net payments on income of RM5.6 billion, higher net payments on services of RM4.0 billion, and lower surplus on goods of RM36.9 billion. Goods Account: goods registered a lower surplus amounting to RM36.9 billion from RM38.2 billion a quarter ago. This was attributed to the higher imports FOB. The demand for exports FOB was mainly associated to electrical & electronic products, palm oil & palm oil based products and liquefied natural gas (LNG). In the meantime, there was the higher imports FOB Services Account: exports of services registered higher net receipts of RM28.1 billion, an increase of RM1.5 billion. Meanwhile, imports of services increased by RM3.0 billion (10.3 per cent) to record RM32.0 billion from RM29.0 billion in Q3 2011. In terms of net, the net payments on services account broadened to RM4.0 billion from RM2.4 billion pre viously. This was mainly due to higher net payments on other services amounting to RM3.2 billion as compared to RM1.1 billion in July – September 2011. Income Account: In the current quarter, income receipts recorded RM14.7 billion from RM13.9 billion in the preceding quarter. The RM0.8 billion increase was reflected in higher receipts on investment income of RM13.8 billion, while compensation of employees consistently maintained receipts of RM0.9 billion. On net basis, the outlay on income account widened to RM5.6 billion from RM3.8 billion. This was contributed by higher net outlay on both investment income of RM4.8 billion and compensation of employees of RM0.8 billion. Current Transfers: Net payments on current transfers continued to record RM5.3 billion for three consecutive quarters. Current transfers saw an increase in both receipts and payments amounting to RM1.5 billion and RM6.8 billion. Capital account: In Q4 2011, capital account posted lower net outflow of RM54.0 million from RM58.0 million in Q3 2011. This was mainly due to lower net payments on capital transfers from RM34.0 million to RM16.0 million. Financial account: In the quarter under review, financial account posted net inflow of RM0.2 billion, a reversal from net outflow of RM23.3 billion. This scenario was supported by the lower outflow in portfolio investment of RM2.7 billion, coupled with higher inflow in other investment of RM11.2 billion. Direct Investment: Direct investment posted a net outflow of RM7.9 billion from RM7.7 billion last quarter, of which: DIA: higher net investment outflow of RM14.3 billion. The major sectors attributed to DIA were oil & gas, financial & insurance, and utilities. FDI: higher net inflow of RM6.5 billion. FDI inflows were primarily channeled into manufacturing, oil & gas, and wholesale & retail trade sectors. Portfolio Investment: Portfolio investment registered lower net outflow of RM2.7 billion from RM23.4 billion attained last quarter. Year-on-year, portfolio investment reverted from net inflow of RM3.5 billion to net outflow of RM2.7 billion. Reserve Assets The international reserves of Bank Negara Malaysia increased by RM6.3 billion in Q4 2011 as compared to an increase of RM10.9 billion in Q3 2011, stood at RM423.4 billion as at end of 2011. First quarter of 2012 Current account: In the period January – March 2012, current account recorded lower surplus of RM18.1 billion from RM22.4 billion in Q4 2011. This was mainly attributed to: Income account: A higher net outflow of RM8.6 billion Goods account: A lower surplus of RM35.8 billion. Goods Account: goods registered lower surplus of RM35.8 billion (-RM1.0 billion or -2.8 per cent) from RM36.8 billion last quarter. This was due to decrease in exports FOB larger than that of imports FOB Services Account: exports of services registered RM27.9 billion from RM29.0 billion during Q4 2011, consisting of the following components: transportation of RM3.3 billion, travel of RM14.7 billion, other services of RM9.9 billion, and government transactions of RM49.0 million. Meanwhile, imports of services decreased. On net basis, services account remained unchanged Income Account: On net basis, the income outlay widened by RM3.3 billion to RM8.6 billion from RM5.3 billion recorded in the preceding quarter, specifically due to higher net outlay on investment income of RM7.8 billion from RM4.5 billion. Current Transfers: current transfers continued to record net payments RM5.3 billion. Both receipts and payments saw an increase amounting to RM1.5 billion and RM6.8 billion. Capital a ccount: capital account posted higher net outflow of RM166.0 million from RM55.0 million in Q4 2011. This was mainly due to higher net payments on capital transfers to RM93.0 million from RM17.0 million. Financial account: financial account recorded a higher net outflow of RM10.3 billion from RM0.2 billion posted in previous quarter. This higher net outflow was mainly attributed to other investment: reverted to net outflow RM26.1 billion from net inflow RM11.0 billion, and direct investment: higher net outflow of RM9.4 billion from RM8.2 billion. Direct Investment: Direct investment registered a net outflow of RM9.4 billion from RM8.2 billion last quarter, of which: DIA: higher net outflow of RM16.9 billion which were wholesale & retail trade, financial & insurance, and health services. FDI: higher net inflow of RM7.5 billion. FDI inflows were primarily channeled into oil & gas, financial & insurance, and manufacturing sectors. Portfolio Investment: The portfolio investment switched to net inflow of RM25.3 billion from net outflow of RM2.7 billion previously. Meanwhile year-on-year, portfolio investment registered higher net inflow by RM16.9 billion to RM25.3 billion. Other Investment: In the current quarter, other investment reverted to a net outflow of RM26.1 billion from a net inflow of RM11.0 billion. This was attributable to a turnaround in the private sector to -RM25.6 billion from a net inflow of RM11.1 billion. Reserve Assets: The international reserves of Bank Negara Malaysia decreased by RM7.2 billion in Q1 2012 as compared to an increase of RM6.2 billion in Q4 2011, stood at RM416.1 billion as at end of March 2012. Second quarter of 2012 Current account: In April – June 2012, current account balance showed a lower surplus of RM9.6 billion, a decrease of RM8.5 billion from RM18.1 billion attained a quarter ago. The lower surplus was reflected in: Goods account: recorded lower surplus by RM6.4 billion to RM29.4 billion from RM35.8 billion; and Income account: the net outlay widened by RM3.1 billion to RM11.7 billion from RM8.6 billion. Goods Account: the current quarter, the goods account registered a lower surplus of RM29.4 billion as compared to RM35.8 billion in the previous quarter. This was due to imports FOB which expanded at a faster pace (7.3 per cent) relative to that of exports FOB (2.1 per cent). Exports FOB increased to RM177.7 billion compared to RM174.0 billion in Q1 2012. This was mainly contributed by higher exports for electrical & electronic products and palm oil & palm oil based products. Imports FOB rose to RM148.2 billion. This was due to higher domestic demands for imports by end-use for three major categories namely intermediate goods, capital goods, and consumption goods. Services Account: In the quarter under review, exports of services registered RM28.9 billion from RM27.9 billion last quarter. Meanwhile, imports of services increased by RM0.7 billion from RM31.7 billion a quarter ago, of which: transportation of RM10.4 billion, travel of RM9.0 billion, other services of RM12.8 billion; and, government transactions of RM194.0 million. On net basis, services account posted lower net payments of RM3.6 billion from RM3.8 billion last quarter. This was led by a lower deficit on other services from RM2.5 billion to RM1.8 billion. On the contrary, transportation posted higher net payments of RM7.1 billion while travel recorded lower net receipts of RM5.4 billion. Income Account: In the current quarter, income receipts registered RM9.0 billion from RM9.6 billion in Q1 2012. On net basis, the income outlay broadened to RM11.7 billion from RM8.6 billion posted in the previous quarter. This was solely due to higher net outlay in investment income amounting to RM11.1 billion. Meanwhile, compensation of employees recorded a lower net outflows of RM0.6 billion. For the first half of 2012, the deficit on income account broadened to RM20.3 billion, affected by higher net payments on investment income Current Transfers: In the quarter under review, the net payments on current transfers narrowed to RM4.6 billion. Both receipts and payments increased to record RM2.3 billion and RM6.9 billion. Capital account: In Q2 2012, the capital account registered lower net outflow of RM67.0 million from RM166.0 million last quarter. This was due to lower net outflow on both capital transfers and non-produced, nonfinancial assets by RM60.0 million and RM40.0 million, respectively. Financial account: In the quarter ended June 2012, the financial account turned around to a net inflow of RM5.4 billion from net outflow of RM10.3 billion previously. This movement was driven by a switch in both other investment and direct investment. On the contrary, portfolio investment saw a reversal to net outflow of RM5.0 billion, from net inflow of RM25.3 billion. Direct Investment: The direct investment switched to a net inflow of RM3.5 billion from a net outflow of RM9.4 billion last quarter, of which: DIA: recorded lower net outflow of RM2.5 billion. These investments were largely directed into oil & gas, real estate, and financial & insurance sectors. FDI: lower net inflow of RM6.1 billion, decreased by RM1.4 billion from RM7.5 billion previously. FDI inflows were primarily channeled into oil & gas, manufacturing, and financial & insurance sectors. Portfolio Investment: Portfolio investment reverted to net outflow of RM5.0 billion from net inflow of RM25.3 billion previously. Meanwhile year-on-year, portfolio investment turned around to net outflow of RM5.0 billion from net inflow of RM48.0 billion in Q2 2011. On the contrary, for the period January – June 2012, portfolio investment registered lower net inflow of RM20.3 billion from RM56.5 billion, a decrease of RM36.1 billion. Reserve Assets The international reserves of Bank Negara Malaysia increased by RM12.7 billion in Q2 2012 as compared to a decrease of RM7.2 billion in Q1 2012, stood at RM428.8 billion as at end of June 2012. Third quarter of 2012 Current account: The current account balance recorded a lower surplus of RM9.5 billion for the period of July – September 2012, as compared to RM9.6 billion in the preceding quarter. This lower surplus was reflected in: Goods account: lower surplus RM25.5 billion Current transfers: the net payments widened to RM4.7 billion Meanwhile, income and services account recorded lower net payments of RM7.9 billion and RM3.4 billion Goods Account: In the quarter under review, the goods account registered a lower surplus of RM25.5 billion as compared to RM29.4 billion in the previous quarter. This was due to decrease in exports FOB by 1.8 per cent relative to increase in imports FOB by 0.5 per cent. Services Account: exports of services remained the same as previous quarter Income Account: the income receipts recorded RM11.4 billion increased by RM2.5 billion from RM9.0 billion in Q2 2012. Compensation of employees remained RM1.0 billion and investment income attained RM10.4 billion. The investment income comprises of: direct investment abroad (DIA): higher receipts of RM3.8 billion, mainly generated from financial & insurance, oil & gas, and information & communication sectors portfolio investment: higher receipts of RM1.3 billion other investment: higher receipts of RM5.4 billion However, income payments (debit) recorded RM19.4 billion decreased by RM1.3 billion from RM20.7 billion in Q2 2012. On net basis, the income account deficit reduced to RM7.9 billion from RM11.7 billion previously. This was primarily due to a lower net payments in investment income amounting to RM7.2 billion, while compensation of employees recorded higher net payments of RM0.7 billion. Current Transfers: In the third quarter 2012, both receipts and payments decreased to record RM1.4 billion and RM6.1 billion. On net basis, this account recorded higher net payments RM4.7 billion. Capital account: In Q3 2012, the net outflow decreased to RM42.0 million from RM67.0 million last quarter. This was due to lower outflow on both capital transfers and nonproduced nonfinancial assets which recorded RM24.0 million and RM18.0 million Financial account: In the current quarter, the financial account reverted to a net outflow of RM8.7 billion from net inflow of RM5.4 billion reported previously. This was due to a swing in both portfolio investment from net outflow of RM5.0 billion to net inflow of RM27.6 billion and other investment to net outflow of RM38.1 billion from net inflow of RM5.9 billion. On the contrary, direct investment recorded lower inflow RM1.9 billion from RM3.5 billion. Direct Investment: Direct investment posted a lower net inflow of RM1.9 billion from RM3.5 billion during previous quarter. Portfolio Investment: Portfolio investment recorded a net inflow of RM27.6 billion, turned around from net outflow of RM5.0 billion previously. Similarly, year-on-year, portfolio investment switched to net inflow from net outflow of RM28.0 billion in Q3 2011. Reserve Assets: The international reserves of Bank Negara Malaysia decreased RM7.5 billion in Q3 2012 as compared to an increase of RM12.7 billion in Q2 2012, stood at RM421.3 billion as at end of September 2012. Summary and Forecasting of Balance of Payment As you seen that, the balance of trade (export-import) both of goods and services continually decrease between third quarter of 2011 to third quarter of 2011. Especially, the last two quarter (Q2/2012 and Q3/2012). The major reasons are the Eurozone Crisis and Hamburger crisis in United State of America that provide a large impact to Malaysia in term of export of goods and services. In second quarter of 2012 it decrease 19.78 percent from the first quarter of 2012 and it also decrease 14.54 in the third quarter. For these reasons makes Malaysia’s export decline because the European countries and USA are the large market for Malaysian exporter. The financial account is very fluctuating between these five quarters. The causes are Eurozone crisis and Hamburger crisis same as above problems. The investors’ confident are decline. It make the direct investment decrease in the third quarter of 2012 and other investment was negative RM 38,083 million. On the other hand, a lot of investors move their portfolio to Malaysia for avoid the risk and uncertainty in Europe and USA. That makes the portfolio investment surplus RM 27,588 million. In the near future, the balance of payment of Malaysia will be continually decrease in term of balance of trade, current account and the financial account will be increasing. The central bank of Malaysia will cut the interest rate and use the fiscal deficit policy. This cause will make the Malaysia’s citizen has more income and more consumption. Next, Malaysia will import more goods and services to server their people due to the higher purchasing power. In term of financial account will be change in positive way. When the Malaysian government cut the interest rate, it will attract the foreign investors to invest and boost the economy. The portfolio investment will be also surplus because the problems in Europe and USA. So, the investors will avoid their risk by investing in Malaysia’s financial market. References : http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1324%3Aquarterly-balance-of-payments-performance-julyl-september-2011-updated-18112011&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1413%3Abop&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1586%3Abalance-of-payments-first-quarter-2012updated-23052012-&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1700%3Aquarterly-balance-of-payments-performance-april-june-2012-updated-15082012&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1797%3Aquarterly-balance-of-payments-third-quarter-2012-updated-16112012&catid=103%3Amalaysia-balance-of-payme nts&Itemid=153&lang=en http://www.tradingeconomics.com/malaysia/net-trade-in-goods-and-services-bop-us-dollar-wb-data.html

My Autography

My name is Md. Tanvir Rahman Mazumder and I was born in Comilla in 1990. I have a nice family and they live in Comilla. At present I live in Dhaka with my Brother, he has an employee of the multinational company for almost 5 years. I am currently attending North South University in an effort to obtain my Bachelor of Business Administration (BBA) degree. My family is the most important part of my life as well as my success.It is influenced that I have on my family as well as my personal goals that have driven me to want to excel in all I do and try to be good rule models for my family along with others I come into contact a well. My life is so far is comprised of a wonderful family, great friends, a small successful classic car restoration business and a sincere dedication to my family, education and work. My elementary school experience is very interesting and memorable. In my elementary school I am a very stubborn and sporty boy. I am totally into sports. I love to play cricket and basketball.I also love to make friends and hangout with them. I pass my leisure time by listening to music and a small chat with friends on the phone. Sometimes I really miss my elementary school experience. I am currently attending the north south university in an effort to obtain my bachelor degree in business management. I am attending this university because it is the ranked 1 university in Bangladesh. It has a big campus. All of the faculty members are highly qualified and they gain their PhD degree from abroad. Now my university days were awesome. I had lot of fun there with my friends.I also played for my university cricket team and I was the best cricketer in my university. I feel very proud for attending this university. Course CodeClass Name/SubjectTeacher’s Name MIS105Introduction to computersAfz MGT210Principles of ManagementJNA BUS172Introduction to StatisticsABS MKT202Introduction to MarketingZTK Outside university whenever I get enough time I used to go to my v illage. I always give away my old clothes to the poor people. Every Friday my friends and I go to the rural area and I also help my friends to cook food for the poor people.My friends and me organized a charity show for those who were live in under the poverty line. Sometimes I go to many historical places in the Dhaka city and outside the city. By the year 2015 I hope to be in a good job as top management position. The outlook for my future is a good one due to my family and education. I can see myself becoming more versed in compliance services and in the future possibly starting a related company. I see my future as being a top quality manager in a position of importance involving critical decision-making that drives a company to competition and wins.I can also see in the future where I will be taking time to reward my family for their support and accomplishments, possibly in the long vacation outside the country. I can also see in my future where my wife and myself will be able to continue to pass on our experiences to both our children and grandchildren helping them to achieve their goals. I believe that only future holds on what I put into it. To this point in my life I have worked hard to achieve my educational goals from graduating high school to shortly obtaining my degree in business management through the North South University.I think I will get more opportunities to achieve my goal. As I stated in the beginning, I have always placed a great importance on my education and have had a drive to learn more and excel in life. I would hope that through all of my experiences in my personal as well as educational life that this will provide the foundation on which I can succeed and as a professional to help my future company I would work for. I hope you have enjoyed my autobiography, I think you can see that my life has been based on hard work, education and responsibility. It is there principles that I believed could have the greatest effect on anyoneâ₠¬â„¢s success.

How Craft Changed Oreo Marketing Strategy in China

How Kraft Changed the Oreo and Its Global Marketing Strategy for Success in China Gale Business Insights: Global Case Study Collection Learning Objectives After analyzing this case study, students should be able to do the following: Explain at least three benefits of market research in product development for international and emerging markets Identify traditional and nontraditional strategies for increasing revenue through entering new global markets Appreciate the effect of cultural norms and tastes for firms expanding to new markets Discuss how firms can focus products to local tastes while increasing brand value globally IntroductionOne of the more popular strategies for firms to increase profits in the 21st century has been to expand to new, growing markets. China, India, and other Asian and Pacific countries have received a great deal of attention by North American and European firms attempting to tap growing levels of expendable income from the emerging middle classes in these countries. The strategy seems sound, but its execution is critical to its success or failure. Many examples exist of companies in the 1990s and the first decade of the 2000s failing to gain traction in these new markets.Firms often try to attract new customers by offering essentially the same products that have worked in other markets. They support this strategy by adding sales and marketing staff and other resources to convince potential buyers in the new market of the value of their products. Offering a standard product across markets can minimize costs and increase profit margins. However, cultural norms, tastes, and preferences vary greatly between a firm’s home market and the new market it may be attempting to enter.It is often difficult for firms to gauge the right mix of standardization and localization while still making growth profitable rather than being a drag on profits. For example, Campbell Soup Co. saw an opportunity to make big profits in Russia and China wit h its preprepared soup products. According to The Wall Street Journal, Campbell estimated that Russians and Chinese eat soup five times per week on average. As life in China and Russia gets busier and more women enter the workplace, the company forecasted that people would have less time to prepare meals and that the demand for preprepared food would increase.However, Campbell found after years of marketing its products in these countries that its canned soup strategy did not capture the revenue it needed to be profitable. Campbell introduced and then pulled its condensed soups out of China in the 1990s, and the company announced in June 2011 that it would close its Russian operations four years after entering the market. Kraft Foods Inc. is another company that sees opportunities for new and growing profits in Asia. The company’s first attempts to enter Asian markets were as unsuccessful as Campbell’s initial attempts.However, Kraft decided to shift to a new marketing strategy, grounded in a different understanding of how to best expand into new markets. Kraft Foods and the Oreo in 2005: In Need of a Change The first Oreo cookies were produced in New York City in 1912 and registered as a Nabisco trademark one year later. Nearly a century of popular marketing campaigns made Oreos one of the best selling cookies and best-known food brands in the United States. Throughout this period of popularity, very little changed about the physical cookie: Oreos remained a sandwich cookie with chocolate ends and a cream-filled center.The design of the cookie helped initiate an eating ritual that advertisers soon appropriated to make the cookie even more popular: the â€Å"twist, lick, and dunk† method for eating the cookie has been a centerpiece of Oreo advertising for many years. By 2005, the Oreo cookie had been a mainstay in U. S. consumer culture for nearly a century. However, sales in the United States had seemed to peak, and international growth i n emerging markets in Asia and elsewhere was slow if barely noticeable at all. The Oreo was introduced in China in 1996, in he same form that a customer would find it in a grocery store in the United States. Sales had been flat for the first five years of the 2000s and were in decline. â€Å"In 2007, Kraft Foods China was an unprofitable, $100 million business that was not growing,† noted Sanjay Khosla, Kraft Foods’ president of developing markets, in an interview published by the Boston Consulting Group. Kraft was even thinking of pulling the product out of the Chinese market completely, due to poor sales. The company as a whole was performing poorly. This led to a shake-up of executive management in 2006, with Irene B.Rosenfeld installed as chief executive officer (CEO). Rosenfeld had previously worked at Kraft for 22 years before leaving in 2003 to head Frito-Lay North America. In early 2007, Rosenfeld outlined a strategy to turn the company around that included pro duct quality, research and development (R&D), and acquisitions as critical to the future growth of the company. Rosenfeld hired cutting-edge business leaders such as Khosla to help create the strategy that would change the way Kraft Foods Inc. does business. Fewer, but Larger Bets: Growth Through Focus and the 5-10-10 Strategy at Kraft FoodsWhen Sanjay Khosla left Fonterra Group in 2007 to spearhead Kraft Foods’ business in developing countries, he was tasked with discovering a way to realize the potential for growth in developing markets that had eluded Kraft and so many other large, successful multinational firms. That different approach eschewed the traditional idea that a company must produce more in order to sell more. In a 2011 feature on Khosla in Chicago Magazine, Khosla noted that â€Å"[c]ompanies were just planting their flags, with a one-size-fits-all attitude that didn’t work.You can’t just force stuff from one country to another. † Instead, Kraft Foods would redesign the way it, and other firms, entered emerging markets. Khosla coauthored an article with Mohanbir Sawhney for Strategy+Business magazine, called â€Å"Growth Through Focus,† in which the authors details the many changes that took place at Kraft Foods to succeed in developing markets. â€Å"A typical ‘growth through more’ strategy,† they write, â€Å"diffuses the organization’s efforts. It increases the complexity of the organization and its operations. Companies should not produce more to drive growth but should instead focus its operations and strategy to achieve growth. â€Å"The engines of growth,† write Khosla and Sawhney, â€Å"are focus (fewer brands, fewer categories, and fewer markets) and simplicity (simple vision, simplified execution, and simpler organizational designs). † Kraft Foods would choose which brands have the best chances of winning in which markets and then supply its management and emp loyees with an abundance of resources to succeed. â€Å"We have found that seemingly mature businesses can be energized by making fewer but larger bets. The executive team at Kraft had a strategy for winning but had to ensure that its employees at all levels understood and executed the strategy, so it came up with a vision statement or â€Å"hook† that would be communicated throughout the ranks, called the â€Å"5-10-10† strategy: five categories, ten brands, and ten markets. â€Å"5-10-10† would help communicate to all employees exactly what the major priorities for the company would be, providing a sense in its culture that executive management was open and committed with its strategies and goals.After conducting several workshops with its managers and employees all over the world, where open and candid feedback was encouraged, Kraft Foods decided that its best chance at winning would be to focus on two categories: biscuits and chocolate. Although it has been successful mostly in the United States, Oreo had recently, in 2006, become the bestselling biscuit in China, due to new marketing and product development tactics implemented by a team led by Shawn Warren, vice president of Marketing at Kraft Foods International.By focusing on China with the Oreo and taking focus away from other successful brands and emerging markets, Kraft Foods Inc. was making a big bet indeed. Breaking the Cookie Mold: Recreating the Oreo for the Chinese Consumer What followed was a focused, open-minded market research project to find out why the traditional Oreo was not working in China and, more importantly, to figure out the kind of biscuit (called cookie in the United States) would appeal to Chinese consumers. The findings uncovered precisely why the Oreo was not catching on with the Chinese.It may seem obvious that different cultures have different tastes and norms, but sometimes it takes a lot of investment in market research to discover exactly what those differences are and to move from anecdotal opinions to actionable empirical evidence. First, the Oreo that had appealed to millions of Americans over the course of a century was simply too sweet for the Chinese palate. Put simply, the Chinese did not particularly like the taste of the traditional Oreo. Research also found that the cookie itself was too big and that the price of 72 cents for 14 Oreos was too high.Product Development and Recasting the Oreo Cookie In response to this new understanding of Chinese consumer opinions, Kraft Foods’ Asia Pacific division went to work to create the kind of product that might be able to catch on in the region. The Wall Street Journal reported that 20 prototypes were developed with reduced sugar content. Kraft tested the prototypes to find a formula that Chinese consumers would find most appetizing. They did the same for packaging and pricing, settling on a package that cost 29 cents and contained fewer Oreos.Other product development in novations, based on market research insights, went further in transforming the Oreo in China. Learning that demand for wafer-type biscuits was on the rise in China, Kraft introduced a wafer version of the Oreo that looked nothing like the one so well known in North America but tasted nearly the same as the cookie form, under its new Chinese balance of sweetness and chocolate. This new Oreo contained four crispy wafer layers filled with vanilla and chocolate cream, all covered in chocolate coating.Innovative product development followed to react to market research and attempt to tailor the marketing of the Oreo brand to the Chinese consumer. New filling flavors aimed specifically at the Chinese consumer were introduced, including green tea, orange, mango, and blueberry. In an interview with Retail in Asia, a web publication that covers Asia retail news, Kraft Foods Asia Pacific Sales vice president Andy Tosney described how Kraft Foods had even invested in new R&D to custom fit its O reo brand products to suit the particular needs of the Asia Pacific consumer: W]e discovered that biscuits and sweets snacking tends to be a ‘cold weather phenomenon,’ meaning that sometimes consumption tends to slow down if the temperature gets very hot. With this insight, we developed Oreo IceCream. The fillings in the biscuits have different ice-cream flavours. The advanced technology we use allows the ice-cream fillings to give out an amazing cooling sensation in the mouth as though you’re eating an ice cream. The product is fantastically successful in China and Indonesia.Tosney added that Kraft had taken a further step of transforming its supply-chain logistics in order to ship the ice-cream-filled cookies from the colder northern China climates to the much hotter south of China. Kraft doubled its China sales force to sell these new products, truly bringing to bear the â€Å"Focus through Growth† model that Khosla and CEO Irene Rosenfeld were now cham pioning for the entire company. It did not take long for these changes to take effect on the marketplace. In 2006, the Oreo became the number one–selling biscuit in China.From 2008 to 2010, according to Khosla in his Boston Consulting Group interview, revenues from the Oreo brand grew by more than 30 percent per year on average, with better-than-average margins. Before Kraft Foods’ big push in China, the biscuit and cookie market was not particularly profitable compared to other countries. The Wall Street Journal reported that the Chinese market for biscuits in 2007 was US$1. 3 billion compared to the US$3. 5 billion U. S. market. Now that Kraft Foods felt it had the products the Chinese wanted, it had to let Chinese consumers know about it.Going â€Å"Glocal† with the Oreo Brand and the Marketing Mix Kraft Foods’ innovative strategies to grow in China did not stop at new product development. To advertise the new, tailored Oreo brand, Kraft Foods had to a pply the same locally focused thinking to advertising its products. Kraft did this through what Khosla has termed a â€Å"glocal† strategy. Glocal is the idea of utilizing a firm’s global financial and organizational muscle while localizing marketing leadership and tactics.The first step was to push larger marketing decision-making out of Kraft Foods’ headquarters just outside of Chicago, Illinois, United States, to the regional managers. The idea is simple but often unutilized by large multinational firms: Managers who live in different markets surely know the markets better than the executives at headquarters. These local managers should be challenged to be entrepreneurial with their segment of the business and thus given control of a great deal of strategy and financial resources, resources that are typically centralized at home office.As Khosla and Sawhney write in â€Å"Growth through Focus,† â€Å"decision making needs to be moved closer to custome rs and consumers so that the people responsible for results have the operating freedom they need. † Supported with corporate resources but free to choose how to utilize those resources, local managers are able to innovate and execute quickly, instead of waiting for corporate approval to undertake initiatives. Given this freedom, local managers in the Chinamarket innovated effective new ways to get the word out about the new Oreo to Chinese consumers.Important to the glocal ethos the company had now initiated, these managers developed marketing campaigns that utilized local means to target Chinese populations, while simultaneously supporting the Oreo brand, increasing its global equity. For example, advertising focused on teaching the Chinese consumer about the â€Å"twist, lick, and dunk† technique that is so popular in the United States. The new Oreo products introduced in China were designed intentionally to share in that same experience, although in slightly differen t ways.Kraft launched a TV campaign where children were shown demonstrating the technique to their parents. Another TV ad featured a twist on this situation, with China-born NBA basketball star Yao Ming showing his son how to twist, lick, and, in particular, dunk an Oreo. In addition to the TV ad strategy, Kraft Foods realized that mobilizing support on the ground was just as important as spreading the word on China’s airwaves. To encourage the pairing of milk with Oreo cookies, Kraft organized a grassroots campaign to get Chinese university students to do its marketing for them.Thirty Chinese universities were chosen to participate in an Oreo Aambassador program, drawing 6,000 applications from students. Three hundred of these students were chosen to become Oreo brand ambassadors, and they undertook a range of activities, including riding their bicycles around Beijing with Oreo-branded wheel covers and organizing basketball games with a marketing angle of comparing dunking a basketball with dunking an Oreo in milk. Oreo samples were handed out to more than 300,000 customers. In a Wall Street Journal article on the Oreo’s success in China, Kraft Foods Inc.CEO Irene Rosenfeld called the Oreo bicycle campaign â€Å"a stroke of genius that only could have come from local managers. The more opportunity our local managers have to deal with local conditions will be a source of competitive advantage for us. † The Oreo Ambassador program was so successful that it has been extended to other markets, such as India and Indonesia, and each Oreo Ambassador iteration is promoted on Facebook and other social media sites, in order to reach active college crowds in these markets. ConclusionIn 2007, the year after Kraft introduced the new Oreo into the Chinese market, sales doubled, and the Oreo became China’s number one cookie. Sales in China helped the Oreo brand to pass the US$1 billion mark in global sales. In 2009, Forbes reported that in the ye ar ending September 2009 Kraft Foods had earned a 22. 4 percent market share in the US$1. 6 billion cookie market. According to Kraft’s website, China is now the second-largest market for the Oreo, after the United States. Kraft Foods’ glocal marketing strategy shows a new way for firms to branch out into new markets and reach the new customers that the market research promises.Kraft’s strategy works because it is founded on the assumption that growing in a new, developing market is not necessarily an easy proposition and requires a deep level of understanding of the consumers in that market and a willingness to dedicate substantial resources to create products and marketing campaigns that truly serve actual consumers. This may sound like Marketing 101, but the many examples of firms that have failed to grab hold of Asia-Pacific consumers shows that Kraft Foods’ execution of this strategy played a large role in the company’s success in this market. In an interview with Marketing-interactive. com, Kraft Foods Asia Pacific vice president of marketing Shawn Warren nicely states the difference between those firms that succeed and those who do not: â€Å"The importance of shifting from the ‘I think’ culture to the ‘I know’ culture, that’s a vital lesson we learnt in China. † Questions What did Kraft Foods Inc. learn about the Chinese consumer through market research that it did not know before? Do you believe that the company reacted properly to the market research? How might they have reacted differently?What did Kraft do differently from other firms that try to grow through entering new markets? Do you think Kraft’s methods would work for all multinational firms trying to grow in new markets or regions? Do you think that the Oreo brand has been strengthened, or weakened, due to Kraft Foods’ actions of changing the Oreo cookie itself in other markets? Can you think of other bra nds that it would benefit to undergo a similar transformation? Which brands could lose value if a drastic product change were made? Think of another developing market a firm may want to enter.How do you think this market’s consumers might be different from Chinese consumers? How might they be similar? Could Sanjay Khosla and Mohanbir Sawhney’s â€Å"Growth Through Focus† strategy can be applied to all companies? Which companies may not benefit from this growth framework? Further Readings References/Bibliography Chowdhry, Seema. â€Å"Sanjay Khosla: Khosla and the Chocolate Factory. † Livemint. com, November 19, 2011. Accessed March 7, 2012. http://www. livemint. com/2011/11/18201634/Sanjay-Khosla Khosla-and-the. html. â€Å"Finding the Right Blend Is Crucial: Kraft CEO Irene Rosenfeld. The Economic Times, November 23, 2011. Accessed March 7, 2012. http://articles. economictimes. indiatimes. com/2011-11-23/news/30433514_1_kraft-ceo-irene-rosenfeld-oreo-kr aft-executives. Jacobson, Robert R. , and David E. Salamie. â€Å"Kraft Foods Inc. † International Directory of Company Histories. Ed. Jay P. Pederson. Vol. 91. Detroit: St. James Press, 2008. 291-306. Jargon, Julie. â€Å"Campbell Soup To Exit Russia† Wall Street Journal (Eastern Edition), June 19, 2001: B9. ———. â€Å"Kraft Reformulates Oreo, Scores in China. † Wall Street Journal, May 1, 2008: B1. Khosla, Sanjay, and Mohanbir Sawhney. Growth through Focus: A Blueprint for Driving Profitable Expansion. † Strategy+Business 60. August 24, 2010. Accessed March 7, 2012. http://www. strategy-business. com/article/00034? gko=63292. Lautman, Victoria. â€Å"Kraft Foods’s Brand New World. † Chicagomag. com, June 2011. Accessed March 7, 2012. http://www. chicagomag. com/Chicago-Magazine/June-2011/Kraft-Foodss-Brand-New-World. Ng, Erica. â€Å"Profile: Shawn Warren, VP Marketing Kraft APAC. † Marketing-interactive. com, Oc tober 27, 2010. Accessed March 7, 2012. http://www. marketing-interactive. com/news/22808. Silverstein, Michael J. Sanjay Khosla on the Power of Focus: An Interview with the President of Kraft’s Developing Markets Business. † Bgc. perspectives by The Boston Consulting Group, December 5, 2011. Accessed March 7, 2012. https://www. bcgperspectives. com/content/interviews/consumer_products_globalization_khosla_sanjay_president_krafts_developing_markets_business. â€Å"Talking Shop: Kraft Foods—Conquering the Asian Market with Global Thinking. † Retail in Asia, February 8, 2011. Accessed March 7, 2012. http://www. retailinasia. com/article/sectors/food-beverage/2011/02/talking-shop-kraft-foods-%E2%80%93-conquering-asian-market-global-thin.

Reasons teenagers should not be allowed to work Essay

Today, many high school students are entering the work force. Students are becoming more and more eager to start working and become independent. Although a beneficial balance of school and extracurricular activities as well as employment can be productive, it is very difficult to maintain. If a student is intending on going to college, he or she should only hold very minimal and flexible employment. A part-time job interferes with school in many situations. Even if the job is held after school and on weekends, many beneficial extracurricular activities operate at times that do not conflict with education. Most employers are hardly willing to a busy student’s schedule. When students do successfully plan out-of-school events in accordance with a work schedule, hours of school followed by hours of work and hours of homework may be overwhelming for high school students. All of this considered, a student will sacrifice homework and actually be encouraged not to participate in school clubs and sports if working part-time. An employed high school student will suffer the loss of time spent with friends and family. Do you really think a working teenager will keep up with household commitments, such as chores? PARENTING.COM reports that all parents that participated in their survey with employed children say that their working teens often neglect chores and end up with slipping grades. That same website also reports that 94% of those same parents have missed out on family events such as birthdays and day trips. Not only will a part-time job harm a student’s educational stability, it will harm a close family. Besides damaging a student’s family life, a job may harm his or her social life. A student may not be able to spend as much time with their friends as usual if employed. This according to child psychologists can be very harmful to a teenager. First, teenagers receive many daily reassurances from friends, and without this unobvious benefit of friendship, a teenager may begin to feel low self-esteem and feel feelings of guilt for neglecting friends. Emotional turmoil for feeling of abandoning peers and neglecting family is hardly positive for a teenage student. Many students do successfully balance school and work. Only a few students though manage to maintain this balance before parts of their life begin to fail because of employment. One must consider all the above possible conflicts before jumping into the workforce. This of course, is no easy task. With parental support and a good employer willing to be flexible, it is somewhat accomplishable. Take caution before entering the world of employment.