Meeting the Needs of the Youth

Youth in my books would be defined as Grade 8 – Grade 12. What makes this a challenging ministry, is the ever changing make-up of the youth. It seems that every 6 months or so you have an entirely â€Å"new youth group. It is not â€Å"new' in the normal sense as most of them have been In the youth ministry for a while, It Is that they have all changed and it seems like a â€Å"new† group. They speak of the generational theory, stating that each 20 years or so we have a different generation.I however see a new generation every 2 – 3 years. The culture we live In Is changing at a pace never before experienced. Simply looking at the advancement of technology over the last decade demonstrates for us the enormity of our current growth spurt. Although I fall in the same generation theory category as many of my youth, they are vastly different to me. A change has definitely taken place. I am not sure when It was that I moved out of the â€Å"cool† to â€Å"bo ring† category but It seems that it has happened. As all this change takes place one can only expect that the needs will also shift.What I wanted as a youth is most definitely not what the youth wants today. And it is herein that the difficulty lies, assessing the needs of the day. Meeting this Need Now that the greatest need has been identified, how are we to meet this need. Let me suggest the following methodology: 1. Clear concise exposition of the Word. There Is no other way to bring a person to the point of repentance. Paul while ministering to an Idol riddled generation, did not soften the truth. No In Acts 17 we see that Paul does not shrink in declaring the whole counsel of God. Paul even goes s far as telling the hostile audience that they need to repent.Too often today those ministering to youth do not want to teach on so called hard truths found In scripture. We are being told by the â€Å"experts† that teaching too much doctrine is not good. At a recent yout h workshop we were told that teaching systematically through a book of the Bible â€Å"is Just wrong†. We were told that the youth wants fun filled stories and entertaining challenges and nothing that actually breaks down their self esteem. In saying this however, I do acknowledge that some systematic teaching can be done incorrectly, so as to bore or put anyone off.The clear concise exposition that is needed is one that requires much preparation. The preacher needs to know his audience and has to be diligent to bring the message to bear on that audience. Just as it is no use teaching speed reading to 4 year olds, it is no use teaching Supernaturalism to your youth group. It is my opinion that it takes much more work to teach the scriptures to youth and children than adults. More illustrations are needed, more explanation is needed and bridging the gap requires more work. But at he end of the day Is that not what preaching Is all about? 2.Diligent discipleship 1 OFF to conver t the nations. The youth worker needs to work hard at discipline his youth. This takes the form of personal discipleship and the arranging of other discipleship relationships. It is not a dereliction of duties to ask some of the adults in the church to help with discipleship. One youth pastor cannot himself disciple the entire group. This is the primary reason I prefer not to have the main youth meeting on Sunday nights when the â€Å"adult† church meets next door. No, the young people need to get to now the church members and see how they live their Christian lives.This is not a new concept, but simply the Biblical example of having the older men and women training the younger members of the church. (Titus 2:1-8) Discipleship is hard work and time consuming, but also the most rewarding part of my ministry. What a Joy it is to see a young man growing in his walk with the Lord and seeing the same young man's discernment consistently growing. Loving admonition It is often diffi cult to admonish one of the people we love and enjoy. We perceive that our admonishment will create barriers in our relationship.However â€Å"faithful are the wounds of a friend†. During my ministry I have seen that even though the initial reaction is not always what we would desire, the long term affects are rewarding. The youth sees that you are willing to admonish so that they can grow in Christ. You are not simply standing by and condoning (sometimes nonverbally) their obvious wrong behavior. This should always be done in love though. Admonishing must be done carefully and lovingly always addressing a pattern of sin and not one isolated incident. As a parent I feel the tension of loving and disciplining daily.None of us parents or youth workers delights in admonishing, but we are commanded by God to admonish. While admonishing I always keep the following two Proverbs in mind Proverbs 13:24 â€Å"He who spares the rod hates his son, But he who loves him disciplines him p romptly' and Proverbs 8:9 â€Å"Do not rebuke a scoffer, lest he hates you; Rebuke a wise man and he will love you. † 4. Purposeful ministry The adage is true, â€Å"if you aim at nothing you will be sure to hit it every time. † In order for the youth ministry to be successful it needs to have a defined purpose.A narrow repose, â€Å"having a large youth group† is not specific enough. Each youth ministry is going to have a different local purpose; I say local as the ultimate purpose should be to â€Å"bring them up in the training and admonition of the Lord†. Some local purposes will be to establish an initial vibrant youth ministry; others will be to effectively reach the local High School, or even to establish spiritual growth in a core group. Whatever your purpose, it needs to be defined and a plan of action developed. It is important to know how you plan to achieve your purpose.What steps are you going to take so as to assure (realizing it is God who builds His church) that your ministry meets the intended purpose? Conclusion While I agree that doing the same today as we did 10 years ago is not going to cut it, I argue that at the heart the ministry is the same. The youth of today has the same fundamental need as the youth 30 years ago – regeneration. If you are serious about meeting the needs of the youth this is where you must begin. Take the above begin to minister to the youth of today. Always keeping 1 Corinthians 10: 31 as your guide.

To What Extent was the USA a Free and Fair Society in the 1920s?

I don't agree that the USA was a free and fair society in the ‘Roaring Twenties'. Not everyone had the rights to get a good job and earn money. Blacks and immigrants were just some of these minority groups that were prejudiced against. Although this was true, the , of Americans could purchase things they never could before, they could watch â€Å"Nickelodeons†, they could listen to the radio. In this essay I will explain who didn't benefit, who did and to what extent the U. S. Was a free and fair society and explain who was caught in the middle of these groups. There were a number of groups who weren't being treated with liberty and fairness in the 1920s. Many Americans were experiencing this freedom, many others were facing racism and prejudice. A huge majority of Americans were immigrants or descendants of immigrants. It was the more recent immigrants that got the abuse. There was a hierarchy of these new citizens in the big American cities. At the top, and competing for the best jobs and highest salaries, were the bigger and better established groups of Irish-Americans, German-Americans and French Canadians. These groups scorned the newer Eastern Europeans and Italian immigrants, who in turn held contempt for the Mexicans and blacks, who were at the bottom of this scale. The Russian revolution of 1917, sparked communist ideas in Russia and Eastern Europe. The new Russian government had usurped the Tsar Nicholas and killed him and his family. With all the communist ideas floating around the countries below Russia, some were bound to come to America via the immigrants. And they did. The period when the U. S. overnment thought communist ideas were spread around America by anarchists and extremists was known as the Red Scare. Evidence was added to these fears and superstitions in 1919. 400,000 workers went on strike, and then the Boston Police Department striked and all hell broke loose in the city, as theives and looters had free reign over the city. Most people today believed the strikes were not to do with communists, but an economic difficulty. Because the government did not know any better, they thought communists would take over America. These fears weren't untrue, as some immigrants did feel the need to overthrow the government, and so leaflets were published in the city, calling for the abolishment of the current system. Bombs were planted against important figures, and one almost killed the Attorney General, Mitchell Palmer. He asked a man named Hoover to round up people with extremist beliefs. Hoover was a controversial man in history, and he built up 60,000 thousand files and deported 10,000 immigrants because of these extremist ideas. Only 556 of these had hard evidence. Mr Palmer, however, found these purges of communists popular, and used their popularity to run for president. As a result of this, Jews, blacks and even Catholics were accused of being communists. In fact, Palmer accused most minority groups in America. Palmer, though, caused his own undoing. He predicted a Red Revolution and when nothing happened he was ridiculed and lost his popularity. Black people had life very bad in the teens and 20s. The Ku Klux Klan had been revived after a film, and they were originally formed in America's Deep South, to keep the slave descendents in order. However, the clan had much support and managed to get some of its members into high positions of power, such as State Governors. The Klan, however, fell out of favour when its leader, Grand Wizard David Stevenson was accused of sexually motivated murder. The corruption of the Klan then became known to many, and that they were not to be trusted. Not everyone had it bad in the 20s. They were known as the ‘Roaring Twenties' because the equivalent of a revolution was taking place. America was quickly becoming known as the most technologically advanced country in the world, and one with an ever increasing economy. It easily overtook Britain, France and Germany, as these countries had taken sever financial losses in the First World War. The 1920s were described as â€Å"one never-ending party†. Sex was no longer taboo, as it had been in the 1800s and early 20th century. Women were seen as less subservient, and there was certainly a huge decrease in prejudice against them. They had decent jobs although still earned less money for the same job. The motor car had been ingeniously redesigned and reproduced by Henry Ford, founder of the world's largest motor company today. Radios and other luxuries were being mass-produced, and so music was becoming increasingly popular, especially Jazz. Wages were raised and so people could spend more money on what they wanted to spend it on. The film industry was being developed and Hollywood had been discovered. It is still the place today where the majority of films are made. The cinema was the most popular pastime of the American population. Films were silent until 1927, but were still incredibly popular, and more cinema tickets were being sold in a week than in a year in Britain today. Films about the former taboo subject of sex were being watched by millions of people. Women had major roles in these films and one of the most successful film stars of the 20s was a woman, Gloria Swanson. Because sex was no longer frowned upon, it was increasing outside marriage. The majority of the American population was incredibly happy. There is an extent to which the freedom and fairness goes in the U. S.. Women for example had it two ways. They were certainly less controlled by men, but they still couldn't work the top jobs or earn as much money in the same job as men. They didn't have the same rights still, although they were greatly improved. Black Americans could work a wider range of jobs, but were still prejudiced against and earned little money. This is why I do not think that the USA was a completely free and fair society in the 1920s, because not everyone had equal rights. Blacks are still treated awfully in the Deep South of America today, so the society is still not free or fair. Using this evidence, I don't think any society could be completely free and fair, as racism, prejudice and chauvinism has gone on for centuries.

It is up to you Research Paper Example | Topics and Well Written Essays - 750 words - 1

It is up to you - Research Paper Example Why is this still existing? Are women incompetent or what? This paper aims at explaining the existence of glass ceiling at workplace in our society despite the enormous efforts towards creating equality. There are a lot of reasons why we have few women in leadership roles. First, women don’t devote more of their time to their career. A lot of men spend a considerable time on their careers. This is not the case with women. They are more family oriented than work oriented. A man, in the workplace, always dreams or receiving promotions and rising up ranks of leadership. That is not the case with women. They have family oriented mindsets which rotate around their homeplace issues. Even though a woman may be liking the kind of the leadership role she is serving, she will like to spend some of her time with her family. Women feel happy being near their children and nurturing them up. They always prefer a work/family balance which reduces their time devoted to their careers (Byron, 2005). As an employer, be sure I will prefer men for leadership responsibilities because of their readiness to work for long hours. A leader who shows value for their job is likely to be entrusted with le adership responsibilities. This feature is common with men than women hence the reason behind existence of glass ceiling. Secondly, the issue of less experience due to childbearing and childrearing with women hinder them from acquiring leadership roles. Married women are bound to get pregnant at some point in their lives. Assume that we have a very competent woman who we have just entrusted with leadership responsibilities in our organization. She falls pregnant, and we are forced to grant her maternity leave. In her absence, we need a new leader. We will be forced replace her with a competent individual to lead us. She may take long to return from her leave. Her experience will be limited by her absence in this role. Upon returning, we may not re-instate

Critical Rhetorical Analysis Essay Example | Topics and Well Written Essays - 1000 words - 1

Critical Rhetorical Analysis - Essay Example Thus, the use of outsourcing has become more relevant in today’s business environment and industries in the international market. Outsourcing usually has numerous advantages to the companies that are outsourcing but this depends on the manner the particular company concerned goes about in the outsourcing. Through outsourcing, the company is able to benefit from reduced prices and better quality goods and services as well as increased selection of products on offer to the consumers. The challenges for outsourcing usually stem from the fact that the company has to meet the legal, business and cultural requirements of the new market that it outsources in. Even if a company manages to overcome the challenges of outsourcing, it may fail to overcome the risks involved such as the loyalty of the staff in the outsourced market as well as other hidden costs. There could be serious problems if the labor or members that work in the outsourced market are not chosen in an appropriate manner or that the initiative is not properly articulated to the members of the company. Kripalani argues that outsourcing of jobs has been met with skepticism in the United States majorly due to the fact that the government and industrialists alike believe that through outsourcing, the countries that outsource take away the job opportunities available to citizens. However, he argues that the United States government should look at the finer details and benefits that may be derived from outsourcing as when handled well, the nation stands to benefit just as the nation that it has outsourced jobs to (Kripalani, 64). His argument is supported by the fact that the ruling party in India has appreciated the economic importance of having a free trade area which allows outsourcing as a creator of employment opportunities for all. Through outsourcing in India, corporations headquartered in the United States stand to

Islamic finance and conventional finance Research Paper

Islamic finance and conventional finance - Research Paper Example There is a growing global concern of the inequity in the allocation of wealth and income in the modern world, between and within countries, than has been witnessed before, with little hope of bridging the disparity. In this perspective, this essay will discuss ways in which Islamic finance can be seen as an innovative way that could substantively redefine finance and why it is different from conventional finance. Islamic finance is distinguished from conventional finance by the key attribute of adding moral and ethical aspects to fiscal transactions, hence providing a practical alternative to promoting responsibility in a free-market economy (Warner 301). Unlike the conventional financial and banking system, Islamic finance prohibits the opportunities for gambling-like speculation (or maysir), exchanging money for money (or riba) and making profit maximization the only endeavor for investment managers while disregarding other human perspectives of wealth. Instead, Islamic finance has innovatively introduced financial products based on Islamic law and also regulated and reciprocated by conventional monetary rules and regulations. Islamic Finance Products From the below examples, one can see that Islamic finance is geared towards reducing financial exploitation, especially among the less privileged. All rates of return are determined by the asset transaction, unlike conventional finance systems that base the returns on the interest accrued from loaned money (Warde 124). This is why it is increasingly appealing not only to non-Muslim countries, but also non-Muslim individuals, by redefining the way they perceive financial transactions. Istinaa: Also known as Commissioned Manufacture, Istinaa is a contract for the manufacture of goods under the perspective that speculation avoids the sale of a product that a person does not own yet. A promise under agreed specifications is arrived at, and a bank commissions the manufacture, hence undertaking the risk, and later sel ls to the buyer at agreed profit (Timur 799). Ijara: This is a leasing contract in which a party obtains an asset under lease for a specified cost and time from another, often a bank. All the risk is borne by the bank while a portion of the installments pay towards completion of the purchase at the time the asset will be transferred. Mudaraba: This is a trustee-type partnership financing whereby one party offers capital and another labor. Musharakha: This is equity participation whereby the involved parties contribute capital in terms of technical expertise or assets and set an agreed percentage of the risk and returns. If a bank is involved, it purchases property alongside the customers, and repayments are partly constituted of payback and rent. Differences between Islamic Finance and Conventional Finance In Islamic finance, there is the notion of a captive market, where products are based on Islamic principles and the market comprises of customers willing to adhere to the concepts of their religion. All transactions are based on the principle of sharing profit and loss, with returns varying depending on a bank’s performance. Customers can take part in profit sharing in more equitable ways than getting predetermined returns. On the other hand, in conventional finance and banking, customer returns are irrespective of a bank’s profitability or performance (Kadri 53). The banks only treat customers as depositors who do not receive any compensation apart from interest. Unlike conventional

Egyptian Style Rendering Assignment Example | Topics and Well Written Essays - 1000 words

Egyptian Style Rendering - Assignment Example The creativity aspect of Egyptian art is evident in the variety of art created with some seemingly contradicting one another. However, with in art symbolism always plays a major role and it depends on how a particular piece of art is interpreted and the contradictions may be a way of concealing the deeper meanings. Figure 1 shows an example of an ancient Egyptian drawing of a god. An analysis of the drawing will bring out some key characteristics of Egyptian art. Figure 1 Essence of the Drawing An important aspect of ancient Egyptian art was to bridge the gap between mortals and the gods and to improve the understanding of the mortals of the gods. The drawing in figure 1 shows an Egyptian god depicted by the fact that it has the head of an animal. According to Aloi, the use of animal heads did not essentially refer to physical animals but depicted spiritual animals that were considered to have godly statures (2012). For instance, the Egyptian god Anubis is always depicted as having t he head of a jackal. The drawing in figure 1 was meant to educate Egyptians on religious belief and to instill in them a feeling of awe towards the gods. Despite the fact that the drawing has a human body, it is evident that the head is that one of a spiritual animal. The use of animal heads was also important in drawing to create a distinction between mortals and gods. According to Aloi, the use of animal heads in ancient art had roots in the perception of human beings with regard to certain animals. Aloi continues to outline that different animals aroused different perceptions in different cultures and this is evident in how different cultures use animals differently in their respective works of art. However, one common aspect in the use of animals in art was that there was a deeper meaning of a feeling that the work of art intended to portray and arouse. Therefore, the drawing was created to show all Egyptians that it was of a god and to consolidate the powers of the kings of Egy pt especially immediately after the introduction of the kingship. According to Frankfort (1978), in the Egyptian Heirarchical system the Kings closely followed the gods and were even sometimes accorded godly statuses. Frankfort outlines that before the kingship period in Egypt the depiction of gods in works of art was not very common. However, after the introduction of the kingship Egyptians artists began showing interest in the depiction of gods. The fact that the gods were supposed to be held in high esteem and awe also meant that the kings were to be given an almost similar position. The work of art was meant to ensure that kings immediately after the introduction of kingship were able to consolidate power against foreign and domestic opposition. This is depicted by the fact that Egyptians worshipped their kings and other neighboring communities were afraid of the Egyptian kings. The Value of the Drawing The depiction of a god in any drawing was always aimed at bringing out some important aspect of life after death in the Egyptian culture. The gods assured Egyptians that there was in deed life after death and that they were not to be afraid of dying but rather look forward to it (Frankfort, 1978). Man has always been disturbed by what happens after one dies bringing into perspectives aspects such as religion, gods and reincarnation. The Egyptians were not exceptions considering that calamities

Event ads and sales promotion for viejas Essay Example | Topics and Well Written Essays - 1000 words

Event ads and sales promotion for viejas - Essay Example Some of the stores were not up to the mark for such a store and didn’t match up to the decor of the place 3. There wasn’t as much value for money in the outlet However, people did seem to enjoy all the activities at the outlet such as bowling, the casino, the video game section and so on. They also seemed to really appreciate the customer service at the outlet. So, all hope isn’t lost for Viejas Outlet. (yelp.com) Since the quality of products from the various stores in the outlet is really not something that the outlet can control, it makes more sense for the outlet to concentrate on flocking people to their stores by building up on their strength: the entertainment, and then giving people incentive to purchase from their stores. Once people have a good time and get incentive to purchase, they will. Following is a promotion strategy that will bring people to the store and help improve sales. A promotion strategy is the communication strategy of an agency defined , along with the tools that are to be used to spread the word. (Obringer) The Ultimate Gaming Champion This is a contest in which consumers will be invited to the outlet and can register to participate and be crowned the â€Å"Ultimate Gaming Champion†. ... The event will be spread out over a time period of 8 to 12 weeks. All people who enter any of the entertainment zones such as the arcade, the casino, the ice rink, etc. will be given a booklet when they purchase their ticket. Then, at the end of their play, their points will be entered into their booklet and they may take it home. The next time they play, their points will be added again and so on. Whoever manages to collect the most points in each activity at the end of the time frame, will be given coupons worth $500 to shop at the outlet and the person who collects the most points in total will be declared the grand prize winner: The Ultimate Gaming Champion and could win $2500 worth of vouchers to shop at the Viejas. There can also be weekly prizes worth $100 for the top scorer of the week. Benefit of the activity: This activity will have many benefits if executed. First, it will get the attention of the consumer. Second, it will ensure customer return, repeatedly, if they are ho oked to the game. Next, it will attract a crowd for some of the games and catch their interest. When this event is promoted, it will create a buzz for the Viejas Outlet and even if it just for the sake of the games, people will flock to the stores. Sales Promotion ideas for the event: Just randomly conducting the event for The Ultimate Gaming Champion on its own won’t do. It is essential to promote this event among all so that there is a response. While is it true that not everyone can be reached, it is essential to at least spread some awareness so people may show some interest in the event. Some sales promotion ideas that can be used are: (Allen) 1. A teaser campaign: To create come buzz about the event, there can be small

Companies entering into contract Case Study Example | Topics and Well Written Essays - 750 words

Companies entering into contract - Case Study Example Right before signing the contract, there was no proper consultation by the client for proper requirements of the project; this was the first cause of the failure. Also contributing to the failure were the poor mechanisms to track the progress of the project by both parties. Furthermore, there was no clause to cater for arising issues and amendment of the contract. This resulted in lack of proper measures to solve many issues that were arising, leading to eventual failure of the project. Before signing contracts, there should be thorough consultations between concerned parties to avoid making errors that may result in losses to the companies involved. All employees should know the laws guiding professional ethical and ensure that they honor them for their own benefit, as well as that of the company as a whole. Keywords: Contract, Guilt, Agreement, Sign, Project, Measures, Consultation, Client, Developer Legal Directions that the Involved Parties should have Adopted The failures that h ave been associated with this contract provide enough evidence that the agreement between the software developer and the client company was incomplete. The various evidences of inappropriate conduct by either party symbolize the lapse in honoring the contract. There were also a lot of gaps left during the initial formulation of the contract, which encouraged the misconduct. It is important to define users’ requirements during the signing of contract. Right from the onset, the client should have involved the IT department in the process of issuing out the contract, since the product that was to be developed falls under their area of specialization; therefore they understand the requirements better. For example, the IT department could have challenged the vendors on various issues relating to the software that was to be developed, and were best suited to probe the developers on all matters relating to the operation of the software. Another failure caused by the client is the fa ilure to involve operational performance in the contract; this should have been the main aim of the software. This is because the contract was too open. Each party failed to know the real role of the software. In particular, any payment should be based on the performance of the item, and the various stages of payment should go hand in hand with functionality of the project. To handle this well, the contract should involve a clause to demand the vendor to provide the software design, so it could act as a guideline during each phase of the software development. Action taken towards the Two External Contractors Following the unlawful conduct of the employees whose employment was contract based, the company should have taken stern disciplinary action, because their conduct led to loss of confidence on the company by the client. This happened soon after the two contracted employees met with the client. Though it may not be clear what they discussed, actions speak louder than words. The c lient company pulled out of the contract and as a result, Dag Brucken (DB) incurred a lot of losses, including the loss of time and finances invested in the project. The greatest offence that these two employees are held liable for is revealing a company’s secret, whose result was loses to the company. Legal action that could be taken against them includes being taken to a court of law, so that they would face prosecution in reference to employee’s code of conduct and mode of conduct; their conduct was in contrast to the company’s policies. Ethical actions comprise the termination of their employment, and subsequent charges made upon them to repay the losses incurred by the company, due to their gross misconduct. DB Company

Education should be Free Essay Example | Topics and Well Written Essays - 750 words

Education should be Free - Essay Example However, some say that this could have a destructive effect on student’s development. Due to free education they will be free from any financial pressures and thus, concentrate less on their studies. But that is one side of the picture. Most college students usually do a part time job to meet their educational finances. These jobs take time away from the students and they usually experience time constraints, which could be very harmful for their development. Due to heavy work load these students become the victim of depression and stress whose harmful effects emerge later in their lives in the form of fatal illnesses. If free college education is granted to these students then they would have more time to study. Moreover, they will have time to sleep and rest instead of being always tired from time consuming jobs. They would be free from any tension regarding time or money and would be always prepared for their classes and their homework. The opposition would say that this program would require heavy funding from the government which could harm the public treasury of the country. But, when we ponder over it then many productive outcomes emerge, if we adopt this approach. Currently, many under developed countries consist of children who are uneducated and there is a high literacy rate prevailing in those countries. . If government is not spending at all on their education then according to the opposition’s logic these countries should be amongst the richest countries of the world.

Financial Management Essay Example for Free

Financial Management Essay The required rate of return is rs = 10. 1%, and the constant growth rate is g = 4. 0%. What is the current stock price? a. $23. 11b. $23. 70c. $24. 31d. $24. 93e. $25. 57e 8- Ratio analysis involves analyzing financial statements in order to appraise a firms financial position and strength. | | | a. | True| b. | FalseA| 9- Profitability ratios show the combined effects of liquidity, asset management, and debt management on operating results. | | | a. | True| b. | False| A 10 One problem with ratio analysis is that relationships can be manipulated. For example, if our current ratio is greater than 1. , then borrowing on a short-term basis and using the funds to build up our cash account would cause the current ratio to increase. | | | a. | True| b. | False| B| | 11 Arshadi Corp. s sales last year were $52,000, and its total assets were $22,000. What was its total assets turnover ratio? | | | a. | 2. 03| b. | 2. 13| c. | 2. 25| d. | 2. 36| e. | 2. 48| D 12 Rappaport Corp. s sales last year were $320,000, and its net income after taxes was $23,000. What was its profit margin on sales? c| | | a. | 6. 49%| b. | 6. 83%| c. | 7. 19%| d. | 7. 55%| e. | 7. 92%| 3 The first, and most critical, step in constructing a set of forecasted financial statements is the sales forecast. a. Trueb. Falsea| 14- According to the Capital Asset Pricing Model, investors are primarily concerned with portfolio risk, not the risks of individual stocks held in isolation. Thus, the relevant risk of a stock is the stocks contribution to the riskiness of a well-diversified portfolio. a. True b. False a 18 Diversification will normally reduce the riskiness of a portfolio of stocks. a. True b. False 19- If the returns of two firms are negatively correlated, then one of them must have a negative beta. . True b. False a 20 Which of the following statements best describes what you should expect if you randomly select stocks and add them to your portfolio? a. Adding more such stocks will reduce the portfolios unsystematic, or diversifiable, risk. b. Adding more such stocks will increase the portfolios expected rate of return. c. Adding more such stocks will reduce the portfolios beta coefficient and thus its systematic risk. d. Adding more such stocks will have no effect on the portfoli os risk. e. Adding more such stocks will reduce the portfolios market risk but not its unsystematic risk. A

Gender Dysphoria The Social Cultural And Scientific Implications Sociology Essay

Gender Dysphoria The Social Cultural And Scientific Implications Sociology Essay Young people who come to believe they were born into the wrong sex are more prone to post-traumatic stress disorder, physical and violent abuse, and self harming behaviour. An American study that questioned young adults about their childhood beliefs and practices found that 39% of women, who experienced the highest level of gender uncertainty, endured some type of abuse, as did 30% of men, according to Andrea L. Roberts, PhD, of Harvard School of Public Health in Boston, and colleagues. And among children and teens evaluated for medical intervention to suppress puberty or for hormone therapy, 44% had been given a psychiatric diagnosis most often depression and 21% reported self-mutilation, reported Norman P. Spack, MD, of Harvard Medical School and Childrens Hospital Boston, and colleagues. It is clear that ones gender identity can be and is influenced by numerous factors, in particular chromosome type, genitalia, the environment and social factors. Many people consider themselves to be cisgender, that is, belonging to either the male or female gender corresponding to their assigned at birth sex of male or female. Before the 20th century, someones sex would be determined entirely by the appearance of the genitalia, but as chromosomes and genes came to be understood, these were then used to help determine true sex. Those defined as women, by sex, have genitalia considered female, as well as two X chromosomes; those viewed as men, by sex, are seen as having male genitalia, one X and one Y chromosome. However, some individuals have a combination of these chromosomes, hormones, and genitalia that do not follow the traditional definitions of men and women. In addition, genitalia vary greatly or individuals may have more than one type of genitalia. Also, other bodily attributes related to a persons sex (body shape, facial hair, high or deep voice, etc.) may or may not coincide with the social category, as woman or man. A survey of the research literature from 1955-2000 suggests that as many as one in every hundred individuals may have some intersex characteristic. Intersex phenomena are not unique to humans. In a number of species, even more striking examples exist, for instance the bilateral gynandromorphic zebra finch (half-male, half-female body along its symmetry plane). The definition of gender identity is a widely contested topic. In the majority of Western culture, there exists a so-called gender binary whereby sex and gender are divided into two non-overlapping, opposite and, disconnected, domains: masculine and feminine. Although the formation of gender identity is not completely understood, many factors have been suggested as influencing its development. Biological factors that may influence gender identity include pre- and post-natal hormone levels and gene regulation. Social factors which may influence gender identity include gender messages conveyed by family, mass media, and other institutions. Ones gender identity is also influenced by the social learning theory, which assumes that children develop their gender identity through observing and imitating gender-linked behaviours, and then being rewarded or punished for behaving that way. In some cases, a persons gender identity may be inconsistent with their biological sex characteristics, re sulting in individuals dressing and/or behaving in a way which is perceived by others as being outside cultural gender norms; these gender expressions may be described as gender variant or transgender. So, it becomes apparent that gender identity can be influenced by many factors. As a consequence, many problems surrounding gender identity can arise. The most common of these is known as Gender Identity Disorder, which is defined as formal diagnosis used by psychologists and physicians to describe persons who experience significant gender dysphoria. GID is often depicted in the media. Television episodes of Chicago Hope, ER and Law Order, have all had plots based upon the topic. Three celebrated feature films, Glen or Glenda? in 1953, Ma Vie en Rose in 1997 and Boys Dont Cry in 1999, have also presented an alternative view on the subject. Twelfth Night: Shakespeares play on Gender Dysphoria. In the play, Shakespeare links to the Eve of the feast of Epiphany: it was originally a Catholic holiday but prior to the Elizabethan era it had become a day of revelry. The servants wore their masters clothes, men dressed as women, and so on. This history of celebratory rituals provided the cultural backdrop for the plot of Shakespeares play, which centres around gender dysphoria. More recently, we have of course seen the success of Barry Humphries who has led an entire career impersonating a woman named Dame Edna Everidge, (whom has only recently been retired). Little Britain: I am a Lady! sketch (for presentation.) Cabaret Kenneth J. Zucker, in his GENDER IDENTITY AND SEXUAL DISORDERS http://en.wikipedia.org/wiki/Hijra_(South_Asia) third gender Punjabis http://en.wikipedia.org/wiki/Fa%27afafine third gender Samoans Testosterone and Oestrogen their differing effects on the determining of gender. Can gender reassignment surgery include a neurological aspect; in other words, can the male brain be rewired to that of a female, and vice versa? Can the pharmacology aspect of gender reassignment be gradually phased out in favour of a neurological approach? Key syndromes that create gender uncertainty Turners Syndrome Kleinfelders Syndrome Ethics of hormone supplements and gender reassignment surgery with particular reference to GRS in the young. Can a minor be capable of choosing their own gender / going against their DNA heritage / gender from birth when he/she is legally not able to drive, smoke, drink in public, be responsible for criminal actions? Numerous cases of sex-change regret : ___________________________________________________________________________________________ It is certainly true that gender dysphoria, gender identity disorder, transsexualism, and gender identity as a whole, are topical subjects. Arguably they are considered taboo, since to many they are unnatural and bizarre issues. Indeed, up until the early 20th century, discussion of gender identity and factors influencing gender identity rarely occurred outside a scientific context. Nowadays, disorders concerning gender are becoming more recognised and discussed by the wider community because of the (often negative) media coverage of such disorders. Nevertheless, it would seem that more progress can be made in terms of the way in which people with such conditions as Gender Identity disorder are treated, both in the medical world and by society. One particular statistic which highlights this fact is the following: An American study  [1]  that questioned young adults about their childhood beliefs and practices found that 39% of women, who experienced the highest level of gender dys phoria, endured some type of abuse, as did 30% of men. Many people consider themselves to be cisgender, that is, belonging to either the male or female gender corresponding to their assigned at birth sex of male or female. Before the 20th century, someones sex would be determined entirely by the appearance of the genitalia, but as chromosomes and genes came to be understood, these were then used to help determine true sex. Broadly speaking, there are two groups of hormones, the androgens and the oestrogens, with the androgens promoting the development of male characteristics by binding to certain androgen receptors that regulate the expression of numerous genes; androgen regulated genes are critical for the development and maintenance of the male sexual phenotype. The oestrogens promote the development of female characteristics by binding to intracellular oestrogen receptors, which in turn regulate the expression of numerous genes. Oestrogen regulated genes are, conversely, critical for the development and maintenance of the male sexual phenotype. Of the androgens, testosterone is the most crucial and well known, because in men it plays a key role in the development of reproductive tissues such as the testes and prostate as well as promoting secondary sexual characteristics such as increased muscle, bone mass, and the growth of body hair  [2]  . Those defined as women, by sex, have genitalia considered female, as well as two X chromosomes; those viewed as men, by sex, are seen as having male genitalia, one X and one Y chromosome. However, some individuals have an inconsistent combination of these chromosomes, hormones, and genitalia that do not cohere with the traditional definitions of men and women. Also, other bodily attributes related to a persons sex (body shape, facial hair, high or deep voice) may or may not coincide with the social category, as either woman or man. A survey of the extensive research literature between 1955-2000 suggests that as many as one in every hundred individuals may have some inte rsex characteristic. Intersex phenomena are not unique to humans. In a number of species, even more striking examples exist, for instance the bilateral gynandomorphic zebra finch (half-male, half-female body along its symmetry plane). At this point, it is important to define the three key terms: gender identity, sex, and gender role. Gender identity is the psychological recognition of oneself, as well as the wish to be recognised by others as fitting into one of the social categories  [3]  , (man or woman, boy or girl.) Sex is the more technical term concerned with the bodily anatomy: it is the physical differentiation as male or female, indicated by the external appearance of the genitalia and the presence of gonads (testes in boys, ovaries in girls) which will then determine reproductive function, as well as differences in brain structure and function  [4]  . Gender role is the role in society the interaction with others which both gives expression to the inner gender identity and reinforces it. Despite the greater gender equality in modern Western culture in terms of: the subjects studied in school and at university; the choice of friends; work and domestic arrangements; dress and leisure pursuits, the re is still a presumption of conformity to societys pre-requisites about what is appropriate for a man or a woman, a boy or a girl, especially in terms of form  [5]  . Too great a deviation from the pre-requisites tends to result in reactions of anxiety from bystanders and often the bullying of those who exhibit these deviations: people with gender identity disorder and/or transgender people. Gender dysphoria appears frequently in cultures of many different heritages. The term third sex, which means individuals that are neither man nor woman, but rather lie in between the two gender categories. The term can be applied to the Faafafine people of Polynesia, the Sworn Virgins of the Balkans, the hijras of India, Pakistan and Bangladesh, and others. A significant discussion of gender identity arose when Beck Laxton, a 46 year old mother from Cambridgeshire, announced publicly her ambition to raise her son to be gender-neutral. When asked why, she responded: Because I wanted to avoid all that stereotyping stereotypes seem fundamentally stupid. Why would you want to slot people into boxes? Its like horoscopes: what could be stupider than thinking there are 12 types of personality that depend on when you were born? Its so idiotic. But numerous critics of Laxtons position have highlighted that her decision will likely expose her child to bullying in later life. An adolescent diso rder of anxiety or depression related to gender dysphoria or sexual orientation has been classified as sexual maturation disorder by the WHO under Psychological and behavioural disorders associated with sexual development and orientation.  [6]  

American Post-War Occupation of Japan Essay -- Economics Economy Essay

American Post-War Occupation of Japan The intent of the United States’ occupation of Japan was to neutralize the threat of another war, to nourish the Japanese economy back to health, and to provide a stable democratic government for the defeated nation. With General Douglas MacArthur acting as the supreme commander in charge of the occupation, Japan changed drastically. Special attention was paid to the areas of military, economy, and government. The effects of the United States’ occupation of Japan were profound almost beyond reckoning, and have had enormous impacts on modern Japanese society as well as on almost every other society in the modern world and throughout the course of history. The original occupation plan, conceived by President Roosevelt, was to split Japan into four quadrants. The United States, Great Britain, the USSR, and China would have each controlled a section. Upon his death, however, President Roosevelt’s plan also died. In its stead was placed a new plan, which called for a one hundred percent American operation. America had insufficient manpower to make a military government of Japan possible; so, it was decided that they would act through the existing Japanese government. America’s top priority following the initial occupation in 1945 was the complete demilitarization of the Japanese imperial forces. This was actually the quickest phase of the occupation. Beginning immediately after the occupation, complete demilitarization was reported as being complete by October 15, 1945. In his report dated the same day, General MacArthur said the following: â€Å"Today the Japanese armed forces throughout Japan completed their demobilization and ceased to exist as such. These forces are now completely abolished. I know of no demobilization in history, either in war or peace, by our own or any other country, that has been accomplished so rapidly or so frictionlessly. Everything military, naval or air is forbidden to Japan† (Headquarters 1) The United States disarmed Japan to guarantee its war objective: That Japan never again become a threat to the United States. As one considers how this affected the state of affairs in postwar Asia, however, it could be viewed as a significant mistake. Due to the American fear of the spread of communism, Japan was allowed a limited standing force, beginning in 1953, for defending their homeland. In ... ...y went into effect in April 1952, officially terminating the United States occupation and restoring full independence, plus government and economic stability, to Japan. What is extraordinary in the occupation and its aftermath was the insignificance of the unpleasant compared to the huge social, economic, and political gains for Japan. The nobility of the American ideals and their non-violent presence assuaged much of the bitterness of the Japanese defeat, which gave the Americans room to promote peace and democracy. Consequently, the occupation served to firmly plant a substantial capital of good will, on which both America and Japan would both draw in years to come. Bibliography: Dower, John. Embracing Defeat: Japan in the Wake of World War II. New York: W. W. Norton & Company, 1999 Schaller, Michael. The American Occupation of Japan. Oxford: Oxford U.P., 1985 General Headquarters. Supreme Commander for the Allied Powers and U.S. Army Forces. Pacific. Summary of the Month of October 1945. War Department Record Branch, A.G.O., The Adjutant general’s Office, 15 October 1945. Sheldon, Walt. The Honorable Conquerors. New York: The Macmillan Company., 1965

Male Reactions to Female Power in Antigone Essay -- Literary Analysis

Western society has a long history of subjugating women to men. Some cite the idea that women are somehow weaker or inferior to men as a reason for the existence of this social dynamic. In Sophocles's Antigone and, Dürrenmatt's The Visit, however, the female leads show great strength and are even able to threaten the male leads with their power. Creon and Alfred Ill's disdainful and oppressive treatment of women stems not from the supposed inferiority of women, but from the theme that man is afraid to lose control. This theme is developed through particular events in the plot: the men begin in positions of power, which are then threatened by the women. Their amateur reactions to the powerful women cause them to lose more control until in the end, they have nothing. Their redemption comes not through defeating the women, but through accepting responsibility for their own actions. To begin with, Creon and Ill have power socially and politically. Creon is the King of Thebes and Ill is the â€Å"most popular personality† (Dürrenmatt 15) of Guellen. Sophocles and Dürrenmatt set the stage by implying that their current situation will last–– â€Å"the gods† (Sophocles 170) themselves appoint Creon as king and the people of Guellen unanimously â€Å"[agree] to nominate† (Dürrenmatt 15) Ill as the mayor's successor. Furthermore, foreshadowing of their actions towards Antigone and Claire appears as approval. The elders of Thebes assure Creon that he has power over the â€Å"living and the dead† (Sophocles 172), justifying his actions towards Polyneices's body and empowering his punishment of Antigone. Ill, on the other hand, represents Guellen's last chance for survival. â€Å"All depends† (Dürrenmatt 14) on Ill's ability to capitalize on his and Claire's ... ...no reason to continue mistreating Antigone and Claire. A series of events catalyzed by powerful women and ending with a tragic loss for the male leads of The Visit and Antigone reveals a reason for the mistreatment of women in western society. Dürrenmatt and Sophocles show that the oppression of women stems from man's fear of losing control. By identifying this fear, the authors underscore the importance of treating women as equals, as the decision of the male leads to blame the women rather than to accept responsibility for their actions is what causes their downfall. Works Cited Dürrenmatt, Friedrich. The Visit: a Tragi-comedy. Trans. Patrick Bowles. New York: Grove, 1982. Sophocles. The Oedipus Plays of Sophocles; Oedipus the King, Oedipus at Colonus, Antigone. Trans. Paul Roche. New York: New American Library, 1958.

Points of Machiavelli in “The Prince”

Part 15 of Machiavelli's The Prince, entitled Of the Things for WhichMen, and Especially Princes, Are Praised or Blamed, states that, in order for aman to maintain control of a government and better that territory, he mustengage in certain actions that may be deemed immoral by the public he serves. Machiavelli argues a valid point, that the nature of man is twofold,encompassing good and evil, right and wrong. The effectiveness of his argument,however, relies on the fact that the person reading his essay is an objectiveobserver of human nature. Not leaving this to chance, Machiavelli plays apsychological game with the reader in order to convince them of his argument. Machiavelli prefaces his thesis with commentary that attempts to placethe reader in a subordinate state-of-mind. He confesses to the reader that hefears sounding presumptuous for writing about a subject covered many timesbefore by others and differing from their opinion in the matter. This statementplaces the author at the mercy of the reader and prepares them to hear an ideathat may not be popular. Having been asked forgiveness for the pride of theauthor, the reader drops barriers that he may have against arguments driven byego and opens his mind to Machiavelli on a personal, sincere level. By placinghimself at the feet of the reader, Machiavelli puts himself and his argument ina position of power. He wastes no time in using this power to gain more controlover the reader. In the next sentence he states that his intention is to createan outline for behavior in public office † of use to those who understand†. Thisstatement compels the reader to agree with the points that the trustworthy,forthright Machiavelli argues, or be relegated the ranks of those ignorantdullards that do not understand. Machiavelli then presents his thesis, that aruler must use both good and evil in order to maintain his power over the state. The reader has almost no choice but to accept this idea before any proof hasbeen given. With the reader in the palm of his hand, Machiavelli needs only tomake a very general argument of his point to convince the reader of its validity. The author states that there are actions for which a prince is eitherpraised or blamed. He lists many examples of good qualities and their opposingattitudes. Instead of labeling them good and evil, however, Machiavelli titlesthem imaginary and real. By calling the good traits and the leader who possessesthem imaginary, he removes the bite that the mention of evil doing may have onthe reader. Removing this emotional punch makes his thesis, that evil behavioris necessary to properly rule, obvious. Machiavelli applies the rules he sets out for successful management of anation to his own writing. He is cautious not to offend the reader with a statement that is too specific. He manipulates the mind of the reader in orderto quell his emotions and make him more accepting of his opinion. He seems weakwhen he is most powerful and seems powerful when he has no legs to stand on. Heis cautious and polite when his foe's defenses are up and attacks with all ofhis resources at his foe's weaknesses. Machiavelli writes a strongly convincing essay. The proof for his opinion lies not only in the words he speaks but in the flow and believability of the work itself through the utilization of the very techniques he exhorts.

Pescriptive Versus Emergent

When described with historical perspective since it arrived in the mid 1960s, strategic or prescriptive planning has been embraced as a way of â€Å"outflanking competitors with big plays that yield long term rent from a sustainable advantage† (Bhide, 1986).Although it faltered in the 1980s and 1990s mainly due to the unstable economy in that period and the rise of emergent strategy, it is still being practised today (John A Pearce II, 1987). Emergent strategy is the view that â€Å"strategy emerges as intentions collide with a changing reality† (Moore, 2011). This literature review places the article ‘Crafting strategy’ (Mintzberg, 1987) in the wider context of prescriptive and emergent debate followed by strengths and weakness of the article. Placing the article in wider literature debateIn ‘Crafting strategy’ Mintzberg distinguishes between planning strategy and crafting strategy. Mintzberg view on strategic planning is clear. â€Å"Strateg ic planning isn’t strategic thinking. One is analysis and the other is synthesis† (Mintzberg, 1994). According to Mintzberg the current practise of strategic planning ‘separates thinking from doing’. He claims the current implementation of strategic planning can be best described as strategic programming, â€Å"the articulation and elaboration of strategies, or visions that already exists† (Mintzberg, 1994)Thereby limiting intuition and creativity. Mintzberg idea on strategic planning is further emphasised by Brian Boyd who suggest prescriptive strategy limits organisation creativity and innovative skills (Boyd, 1991). Psychologist on prescriptive planning says â€Å"Articulation of strategy locks it into place, thereby impeding willingness to change it† (Kiesler, 1971). The fact is that organisations who implement prescriptive strategy plan not to be flexible but to realize detailed intentions.According to Mintzberg the key to crafting strate gy is  the ‘intimate connection between thought and action’. [p68]. John Oliver emphasised in his book the importance of effective use of the action learning process hence emergent strategy in developing a future business strategy. (Oliver, 2006) The inflexible nature of deliberate strategy greatly reduces its litheness for creative and reactive process. Emergent strategy therefore possesses a much greater adaptability, particularly in tentative times and more difficult business environmental conditions.However Michael Porter argues that Industry structure drives competition and profitability. Success is not determined by whether an industry is mature or emerging (Porter, 1979). This is a typically prescriptive view on strategy, as it suggests breaking down intentions into communicated steps and formularizing those steps into the structure of the organisation. This premise is contradicted by various perspectives, as they believe accumulated learning and experience pro vides rare advantage that is difficult for other competitors to copy (Gerry Johnson, 2008).This suggests that strategy can be crafted as organisations learn from previous success and failures. Mintzberg in ‘Crafting strategy’ promotes the idea that prescriptive strategy ‘misguides organisations that embrace it unreservedly.’[p66]. He pushes the idea that crafting strategy is a more effective representation of strategy. ‘Craft evokes traditional skills perfection through the mastery of detail†¦.developed through experience and commitment.’[p66]. This is essentially emergent strategy as it describes â€Å"patterns realized despite or in the absence of intentions† (Henry Mintzberg, 1985) James Moncrieff (Moncrieff, 1999) states in his article â€Å"deliberate responses to issues emerging within the competitive environment can still usually be labelled emergent strategy as it is based on response to emerging opportunities and threat.â € Mintzberg supports Moncrieff idea by using National Film Board of Canada as an example ‘Strategies like the NFB’ that appear without clear intentions-or in spite of them-emergent strategies’ [p69]. This shows when actions are taken in responds to a new challenge patterns eventually forms. However, it would be ignorant and inaccurate to place the article solely as emergent. In this article Mintzberg states there is no such thing as ‘Purely deliberate strategy or a purely emergent one’. [p69] Emergent strategy as an extreme is essentially the absence of strategy (Andrew Inkpen, 1995).The  crafting of strategy is definitely far from deliberate strategy but would be implausible to be classified as purely emergent strategy. In Mintzberg words ‘Strategy making walks on two feet, one deliberate and the other emergent’ In other words learning must be used in conjunction with control. Mintzberg expands on this idea when he said â€Å"We t hink in order to act†¦..but we also act in order to think.† (Mintzberg, 1994) This in turn converges into practical pattern that becomes strategy. This article best supports ‘deliberately emergent approach’ or umbrella approach as Mintzberg conveyed the idea that processes should be consciously managed to ‘allow strategies to emerge en route.’ In this case senior management provides broad guidance and leaves the detail to those lower down in the organisation.Strengths and WeaknessesKey strength in this article is Mintzberg ability to utilize pathos, logos and ethos effectively to appeal to his readers. The article is brilliantly written and well structured thereby appealing to readers from all intellectual level. In addition, Mintzberg paints a vivid picture of the ideal form of strategy in the readers mind with the use of crafting as a metaphor. He intertwines the quality of a good porter to that of a manger, consequently illustrating the role o f a manager in crafting strategy ‘Managers are craftsmen and strategy is their clay.’ Mintzberg deliberately uses the metaphor to differentiate his concept of strategy from the mechanized models of deliberate planning that is void of creativity.A key element emphasised in ‘Crafting strategy’ is the ability for businesses to learn from experiences and ‘allow strategies to emerge en route.’ However what is not clearly indicated is if such type of approach is applicable to all sectors. McKiernan (McKiernan, 1997) argues that Mintzberg theory places too much emphasis on established businesses as new entrants won’t have the available experience to learn from. Furthermore Burgelman (Robert A. Burgelman 1991, Andres S. Grove, 2007) believes such approach can only be applicable to businesses without existing strategy, as strategy is embedded with experience and learning, thereby making it harder for management to implement constant incremental c hanges in responds to the environment.In this article, Mintzberg fails to discuss on the weakness of emergent strategy. He proposes that businesses should learn from mistakes that occur, however he neglects the consequences of mistakes such as the cost and wasted time due to trials and errors. These unrealistic expectations of emergent strategies are identified by Lynch. (Lynch, 2006) Mintzberg’s failing to discuss on the weakness of emergent strategy limits the usefulness of emergent strategy in practice. However authors such as Snyder and Cummings (William Snyder, 1998) carried out empirical study and designed models which aimed to align organisational learning with performance. Adcrof (Adcroft, 2009) also emphasises purely emergent strategy would be â€Å"a trial and error driven activity where intuition is wrong as often as it is right, which gives rise to levels of risk that may be unacceptable† ConclusionIn conclusion, initially Mintzberg favoured emergent strate gy over prescriptive strategy. However, he stated both strategy are needed in order to successfully implement strategy and advised the used of deliberately emergent and umbrella approach to strategy. Overall Mintzberg idea of strategy is still relevant to the world today as they reflect the fact that plans do fail and the age of five years plans are slowly fading away as businesses are becoming more responsive to the ever changing environment.

Management and Wolfgang Keller Essay

1) Who is Wolfgang Keller? What are his key strengths and weaknesses? Wolfgang Keller is the Managing Director of Konigsbrau-TAK, which is the Ukranian subsidiary of a major premium beer brewer. Keller has previous experience in financially turning around a German food product manufacturer’s two subsidiaries (relatively smaller in scale than his current organization). Keller’s foremost strength is his ability to turn around an apparently difficult (for example, the economic turn-around of various subsidiaries) and at times apparent impossible situations (for instance, resolution of a distributor’s lawsuit, collection of payment from a near-bankrupt distributor, etc.). He has been successful in managing an organization in a foreign country for which he has made efforts to learn the language and understand the business culture. He has a hands-on management style and likes to be actively involved in the operational aspects of the business. He has the ability to build personal and, if needed, informal relationships with his staff and c ustomers alike which has been instrumental in the better performance of his company. As Dr Haussler has indicated, many of Keller’s weaknesses are â€Å"the other side† of his strengths. For example, his attempts at being hands-on can be perceived as over-interference by his sub-ordinates. Also, by trying to manage situations by himself he makes himself open to criticism over his team-working and proper delegation abilities. Keller himself recognizes that he can be impatient and may not give enough time for his ideas to settle in the minds of others. Another of his weaknesses, again as highlighted by his manager, seems to be his less than cordial relationship with corporate staff and infrequency of reporting to the corporate headquarters and his line manager. This is also something that may be construed as a problem with Keller’s working practices as a part of team. 2) What important issues does Keller face? What are the most pressing problems he needs to address upon return to Athens? There are three important issues which Keller faces and they are as follows. First is to try and improve upon his shortcomings (as highlighted in his annual performance appraisal) vis-à  -vis the corporate staff and his line manager. There have been questions raised about his personality and attitude which include his management style and his ability to work well in a team. This may not be the most pressing problem but it could turn out to be a hard one to improve upon. This is because it might require fundamental changes to how Keller is used to work with and manage his staff. Second, is the issue of his working relationship with Mr. Antonov. Keller has been in-charge of all operational activities with minimal involvement from Antonov in the general management of the subsidiary. This has been noticed by the senior management in Germany and Keller has been advised to try and keep Antonov in the loop more than he is currently. The management recognizes the importance of Antonov’s maturity and experience of the local business and Keller has been asked to make such use of Antonov. Third, and this is the most pressing issue faced by Keller, is the apparent performance issue of Mr. Brodsky, the commercial director. Keller, over the course of two years of Brodsky being in the company, has noticed several issues with Brodsky’s performance. Keller feels that Brodsky is too slow to react to situations and he (Keller) has had to intervene many a times in order to prevent a potential disaster to the company. According to Keller, Brodsky’s â€Å"formal and distant† style is not suited to his job as a commercial director and moreover does not tune in well with Keller’s current and future commercial strategy of which an integral part is a close relationship with the company’s distributors. Keller does not see Bordsky as a leader of his sales force and considers his management style as more suited to a corporate staff based job than as a line manager. 3) What would you recommend to Keller to improve his effectiveness and chances of success? I think, Keller’s experience in relatively smaller company previously has influenced strongly his working and management style (as is hinted by his manager and accepted by himself). He tends to rely much on personal contacts with his staff and even his customers and probably dislikes corporate procedures (evident by his apparent errors in interpreting corporate policies) and standard reporting mechanisms (evident by his infrequent communication to his line management). This works for a smaller organization but in a larger, multi-billion dollar, company Keller must learn to respect the importance of formal and frequent communication both upwards to the senior management and encourage it from his direct reports. If Keller has to succeed and move further up he needs to develop this skill of taking stock of and manage a situation when it may not be possible to be directly involved in that. This I believe is crucial for Keller. Keller needs to learn the art of suitable delegation. Keller can tend to micro-manage situations and thus encroach upon his subordinates’ job responsibilities. Keller has defended this approach by pointing out that he uses the same approach with all his managers and none have raised a flag except Brodsky. I think this is something that Keller must address — he needs to delegate properly and thus build an atmosphere of long-lasting trust amongst his subordinates. His reports may only joke about it as of now (ref. the mock organization chart) but in future that may turn into something similar to what’s happening with Brodsky. Keller needs to control his natural inclination to be too hands-on and must try to hold back. A failure can teach a lesson more than constant lessons from a line manager. So depending on the situation it may be wise for Keller to let his report take a decision which in Keller’s opinion may not be the best one. About the current issues that Keller is facing with Brodsky, as Keller himself concedes, firing Brodsky may not be the best decision at this moment. Keller should try and find the middle path with Brodsky – use his strengths and make his perceived weaknesses unimportant and make him feel free enough to manage his department. I think Keller should somehow try and get positive feedback from staff (maybe through a round of â€Å"360 degree feedback†) to verify whether his analysis that Brodsky is not a â€Å"charismatic leader† is really true or unjustified. It could be that Brodsky’s staff may be too happy to have a leader who delegates rather than someone who is constantly involved in their day-to-day work. Keller, in the short term, should try to have an open mind about Brodsky’s abilities and try and involve him more in the setting of the overall commercial strategy of the company and let him have more freedom in managing his department. This would not only do well to his image as a team-worker but may also help in improving relations with Brodsky. Further, if Brodsky’s performance still does not change, Keller might be able to form a stronger case of Brodsky’s removal from the company.

How to Become a Successful Entrepreneur

Table of Contents Introduction Generally people think that an entrepreneur is a visionary, somebody with great ideas who is eager to take huge risks. However having a radical innovation from the nothing is overwhelming but very rare. To be successful, it is essential to think differently from the casual thinkers. The aim of this paper is to show how we, a study group of five students could come up with an idea in an entrepreneurial way and go through an elaboration process toward the realization using the theoretical frameworks.In the first part I will describe how my group went through the idea generating process and found the idea of the CPH Bike SOS with the help of the Design Thinking Method. Our multilateral service invention has three pillars, each of them with the aim to answer the question: Where can we get help if we have any problem with our bike when the shops are closed? Living in Copenhagen, we have realized that there is a market gap on the service market of the bike sh ops. On the other hand, looking at the market segment, we are sure, that there is an unsatisfied need.The second part of the paper will focus on the theoretical framework of the dea. I will define the type of our innovation, after which I will decide about the type of the firm we should start to realize the idea, and then the focus will move to the needed resources and collaborations we need to get the idea off to the market. At the end of my work, I will take a glance on what kind of the type of possibilities we have to be successful in the future and how to develop the idea further. Generating ideas In this chapter I would like to describe our process of generating the idea.It is a really important part of the task we were working on, since it explains how our group ent through a progress from the casual reasoning to the effectual reasoning and so thinking on a more entrepreneurial way. In my team we are five girls, each of us are foreigners here in Denmark, and we have quite diff erent backgrounds. We had some difficulties to find a creative idea to work on. On one hand the problem was the fact that we did not know each other before, so there was an initial phase of trust- building. We had to familiarize with the situation to debate on each other's ideas.On the other hand, we realised that when we had an idea which was a direct solution to ome problems and so Just the final step of an entire process. So we started the process again and again to get back to thinking â€Å"out of the box†. As point of departure we used the method implemented by IDEO. (Figure 1) : Figure : Design Thinking Model of IDEO (Source of Image) Inspiration – What is the problem? In the inspiration phase, we wanted to find as many ideas as we could, to have a wider range. As mentioned, we did not know each other, and we did not know what could be the common interests, experience or problems.We used the â€Å"Bird In The Hand† Principle to look into the facts what we have right there. As Sarasvathy sums it up, instead of having one solution and finding the way to reach it, we should take a step back and define the means which can lead us to a good opportunity. So the first step was defining the framework in which we are searching for possibilities with the following three questions: â€Å"Who are we? † We started to look through the features which describe us and so along which we can find some problems we all have in common.As long as we are all foreigners, our biggest issues are around living without the familiar things that we were surrounded by every day and getting used to a new way of living. We live here without our families, we had to arrange housing for ourselves, we are getting accustomed to biking every day. On the other hand we are students, spending time on studying, we all have a limited budget, then we are all girls who love fashion, we cook for ourselves, do groceries, we listen to music and go out, etc. Without knowing e ach other we succeeded to find numerous common topics as a good initial. What do we We study together but our previous education is different. One part of the group studied international business so that part of the group has a more business riented point of view, while the other part of the group has a more design oriented education. Most of us have lived in different countries other than our home country, so we have insight to different systems. We also have working experience that helped us in having an insight of the companies. â€Å"Whom do we know? † With this question, as Sarasvathy suggests, we have to define the sources of our knowledge, such as our social and professional networks.When an issue was considered, we defined the relative groups we can have any information from. It is important to take any stakeholder into consideration, as long as good ideas can come rom the most unexpected sources. With all these given means we defined some of the problems, interests a nd difficulties that we are currently facing in common. In the framework of's model of Entrepreneurial Thinking – Effectual Reasoning, we defined different issues on the basis of the given means described above, for which there is no satisfying solution on the market.On Figure 2 1 would like to provide some examples to our process of using the method of the â€Å"Bird in the Hand† Principle. Figure : Entrepreneurial thinking – Pool of ideas (Source: Sarasvathy, 2001) At this oint of the idea generation we had to choose one among the several given. To choose one, we started brainstorming whether we have any idea for a solution or not. So this is the second big step of the idea creation in the Design Thinking Model. Ideation – â€Å"How might we solve the problem? As long as we did not want to limit ourselves, we started to search for solution for many problems we have found. From the most unusual till the most ordinary idea, we collected everything, becau se even bad ideas can be the source of some really good solutions. On Figure 3 1 snow some imagined ends ot the problems. Figure : Using Entrepreneurial Thinking – Effectual Reasoning for creating the idea (source of image: Sarasvathy, 2001) Finally we sticked to the idea of finding a solution to an everyday problem: Where can we get help if we have any problem with our bike, when the bike shops are closed?We found this problem interesting as long as we all have bikes, and some of us have already experienced how it is when you need some help and nothing is open. Moreover, biking concerns not only us but the major part of the habitants of Copenhagen. According to the Bicycle Account 2012, 75 % of Copenhageners use their bike throughout the year. Another surprising statistics is that 36 % of everyone who studies or works here uses the bike every day. So with a solution to the question above, we can say, that we would reach the major part of the Danish capital.Biking has statist ically measured benefits both for us and for the environment. For instance, as the research shows, at present rate 90,000 T of C02 per year saved by cycling in Copenhagen. Then, according to the 56% of the Copenhageners, it is faster than any other way of travelling since we do not stuck in a traffic Jam and we can easily find short-cuts. It is definitely healthier too. But it can cause some inconvenience as well as delays respecting to our schedule, in case of problems. For example what if you get a puncture going back home by night?

Genetic Engineering Essay

By using the techniques of genetic engineering scientists are able to modify genetic materials so that a particular gene of interest from one cell can be incorporated into a different cell. It is necessary to obtain a gene to modify genetic material. First a scientist isolates plasmid DNA from bacteria and DNA carrying a gene of interest from cells of another organism, such as an animal. A piece of DNA containing the gene is inserted into a plasmid, producing recombinant DNA, and the recombinant plasmid is returned to a bacterial cell. This cell is then grown in culture forming a clone of cells. The foreign DNA spliced into the plasmid is replicated with the rest of the plasmid as the host cell multiplies. In this way, the gene of interest is cloned. A critical step in gene cloning is the identification of the bacterial clone carrying the gene of interest. Gene cloning and genetics engineering were made possible by the discovery of restriction enzymes. These enzymes protect the bacteria against intruding DNA from other organisms, such as phages or other bacteria cells. They work by cutting up the foreign DNA, a process called restriction. Most restriction enzymes are very specific, recognizing short nucleotide sequences in DNA molecules and cutting at specific points within these sequences. The bacterial cell protects its own DNA from restriction by adding methyl groups(CH3)to adenines or cytosines within the sequence recognized by the restriction enzyme. The restriction fragments are double-stranded DNA fragments with at least one single-stranded end, called a sticky end. These short extensions will form hydrogen-bonded base pairs with complementary single-stranded stretches on other DNA molecules cut with the same enzymes. The unions formed in this way are only temporary, because only a few hydrogen bonds hold the fragments together. The DNA functions can be made permanent , however, by the enzyme DNA ligase, which seals the Strands by catalyzing the formation of phosphodiesterbonds. We now have recombinant DNA, that has been spliced together from two different sources. There are five basic steps included in modifying genetic material so that a particular gene of interest from one cell can be incorporated into a different cell . Step 1: Isolation of vector and gene-sources DNA. Step 2:Isolation of vector and gene-source DNA. Step 3: introduction of the cloning vector into cells. Step 4: Cloning of cells and also foreign genes. Step 5 : Identification of cell clones carrying the gene of interest. To determine whether the gene was successfully incorporated we can synthesize a probe complementary to it. We trace the probe, which will hydrogen-bond specifically to complementary single strands of the desired gene ,by labeling it with a radioactive isotope or a fluorescent tag. An example of how gene transfer and incorporation have been used in biomedical or commercial application is gene therapy of insulin. One of the first practical applications of gene splicing was the production of mammalian hormones and other mammalian regulatory proteins in bacteria. Human insulin and human growth hormone (HGH) were among the earliest examples. This insulin produced in this way has greatly benefited the 2 million diabetics in the United states who depend on insulin treatment to control their disease.

Gulf War History Research Paper Example | Topics and Well Written Essays - 2000 words

Gulf War History - Research Paper Example The main cause of the schism between several countries was the Shiite Sunni split which often led to conflicts and warfare in some cases. Since coming to power, Saddam Hussein, the then president of Iraq, represented the rejectionist Arab states and was considered as one of the most quarrelsome leaders of the gulf countries. He was also considered an arch enemy of Israel. Its hatred against Israel can be summarized by the rhetoric he used very often against the nation, one time saying that he will let fire eat half of Israel if it did anything against Iraq (Bard, 2011). For years, Iraq had considered Kuwait to be a part of its territory and continued to influence the internal politics and working of the state through several means. Furthermore, Iraq was becoming economically weak so it sought to identify alternatives to help strengthen its economic situation. This paper shall analyze how Kuwait was an option in allowing Iraq to recover from its situation. Iraq was considered to be th e belligerent state in this dispute and UN authorized a full fledged coalition attack that aimed to topple Iraq’s incursion into Kuwait and restore the situation as it was before the conflict. Reasons for conflict:- The quarrelsome nature of the Iraqi president, Saddam Hussein made the state prone to violence and unneeded interventions to further individual causes. Furthermore, the war with Iran that ended in 1988 had an enormous economic impact on Iraq and left it on the verge of bankruptcy (HistoryGuy, 2011). Kuwait as natural part of Iraq:- Iraq considered Kuwait its de-facto part for a long period of time despite the latter’s independence on the country. This claim led to numerous confrontations throughout several years and hampered any diplomatic ties between the two countries for years to come. In 1961, Iraq’s president Qasim threatened Kuwait of invoking old ottman claims that were a part of the system during British imperialism. The Iraqri government als o sought to play the role of savior by saying that the Kuwaiti Emir was a highly hated figure within the Kuwait population and that people sought his ouster. Iraq claimed that it would liberate the Kuwaiti country off his tyranny with its intervention (Lowry, 2008). In 1973, Iraq continued to persist with its stance and occupied as-Samitah, a border post on Kuwait-Iraq border. The real dispute, however, began when Iraq demanded to occupy Bubiyan and Warbah (Kuwaiti Islands). This claim got the Arab nations into action and the Arab league called its summit to discuss this quickly boiling situation. A consensus was reached on the point that Iraq will be demanded to withdraw its claims on the said regions (HistoryGuy, 2011). Situation between the two countries was relatively calm during the Iraq-Iran war and Kuwait supported Iraq during this battle. Dispute over Oil:- There was a constant lack of consensus over borders between the two oil rich states and conflicts over ownership of oil reserves was inevitable. The situation started to deteriorate when rich deposits of oil were found at the undefined border between the two states and when Iraq constantly claimed that the Kuwaiti drills were violating Iraq’s territorial integrity by moving across borders to excavate oil. This conflict was triggered by the nature of middle eastern borders, which are not very clearly distinguishable due to desserts and sand (HistoryGuy,

Springfield Nor'easters Article Example | Topics and Well Written Essays - 750 words

Springfield Nor'easters - Article Example The tickets will also consider the families buy giving the families a different package to make the families have fun with their children in the stadium. The stadium will be partitioned into sections and the prices set for every section in the arena. The proposed packages are Friends and family package Couple packages Children with birthday parties Single tickets VIP packages And general sits packages Expected annual revenue With good advertisements and the culture of giving good packages to the community, the tickets are expected to be sold out even before the leagues start. Since it is a new culture being built in the community, the fans will be intrigued by the new sports phenomenon and would be down to pay the tickets for the experience. Another motivation to the revenue collection is the fact that the fans will be treated to new teams who come to the venue therefore fostering the competitive culture and identification. With creation of a local fan base, the tickets are inclined to producing more money even during the friendly games and off-season matches. With the packages and pricing set per seat a family is expected to pay for a game is close to $59 every single game. The ticket for an individual is $ 4-12 depending on the preference of the sitting area. The stadium has a capacity of 8200 seats. With the approximation of 500 families in the community will start cultivating a culture of sports the family will spend $2242 a season. With five hundred families alone, the expected revenue collected is $1,121,000. If 2000 individual fans attend for a whole season at $4 each the expected revenue collected is $304,000. For the VIP section, the expected revenue is close to $500,000for the single tickets of a thousand fans. For families VIP tickets can cost an approximate of 96 dollars. The expected number will be higher in this section due to the environment conducive for the children. If only 300 families book the VIP area, the revenue is expected to be $1,094,4 00. The summation of this revenue will be close to 3,400,000. Concisely the annual revenue can be close to $5,000,000 when everything is done right in the initial stage. Better revenue collection will be realized with the events building up in the region and a fan base created. The revenue is based on approximation and the least amount charge to every game Expected annual concession revenue The concession calculations will vary due to the different types of ticket sales to the people. With an attendance bracket that depreciates from the 5game, 20 game seasons and a full season, the logical expectation of the revenue will be $2,000,000 as long as the tickets will be reasonable to the public. However, the tickets are supposed to medial to avert the events where the people do not attend since it is cheap. The establishment of a price that is at par with the control and building of the fans will create a culture of not missing a game to utilize the money spent on the ticket. Even in the assumption of full attendance, the variation in the fan attendance will dictate the revenue collected annually. With the survey conducted in the research there will be better concession revenue collected than the estimate. Breaking even The team will break even in the end of the year only if everything is done right. The qualitative analysis of the research is done using the contribution analysis. The model of payment is crucial to the

Army Representative Personal Statement Example | Topics and Well Written Essays - 1000 words

Army Representative - Personal Statement Example It aims at providing more aspects in the life of a soldier. Boss supports the overall quality of life and this is in regard to a single soldier. It works upon identifying the well- being issues in the life of a soldier and aims at improving the same. In addition to this BOSS provides an ideal platform for single soldiers to do community service and help as many people as possible. The BOSS team consists of three major organs namely, the senior military adviser, MWR advisor and the BOSS soldiers. Let me just briefly give an account of each. The senior military advisor has many important roles of which being a mentor to the BOSS soldiers is one of the most important, another important role of the senior military advisor is to approve and support the BOSS committee. The third most important role of the senior military advisor is to educate and inform NCO license channel (Liaison). The MWR Advisor is responsible for assisting the budget, the person is also supposed to do marketing of BOSS, another important role is to train BOSS committee members and the role also demands guidance on volunteer program. Moving on to the third most important organ of BOSS, the soldiers, there is a president, vice president, Secretary, Treasurer and brigade, all the posts come with various responsibilities and only the best soldiers are chosen for the same. This demonstrates my unde rstanding of BOSS and the expectations of the organization out of the soldiers. My Vision and Experience I consider myself a highly equipped professional and I have an experience of 9 years in performing a variety of administrative and staff support duties for different departments, which require a range of knowledge and skills of organizational procedures and policies; resolving administrative problems and inquiries. Interact well with individuals from diverse cultures and all professional levels. I will make sure that when I put the skills I am equipped with to work I achieve the highest quality standards of work. Let me just throw some light upon my core strengths, I am very comfortable working in Administrative Support, creative work attitude, Business correspondence and these are just a handful areas where I am very comfortable in working. I am aware of the fact that BOSS is also looking at experience and let me just give a brief account of my experience. I have served in the US Army for 9 years and during this period I gained a lot of experience. I worked as a record custodian and I was given many important responsibilities like training sailors and this was because the department where I worked was in joint- operation with the US navy. The post which I occupied demanded the management of dual role responsibility and I was selected to provide daily situation reports of the Battalion staff and trainees. I was also responsible for all the paper work and I was given the responsibility of proper filing of finances and personnel records I have also handled the post of Assistant training NCO; I was required to carry out many responsibilities. Some of them included Developing processing procedures and implementing procedures to staff during student in processing, assisted with the daily operations of the Battalion S-3 section, Assisting with maintaining individual

Introduction to decision making Assignment Example | Topics and Well Written Essays - 1000 words

Introduction to decision making - Assignment Example Although whether he elects to sell or hold on to the company’s most expensive assets in the anticipation that better circumstances can prevail. The task to make the decisions that will help in ameliorating the status of Qantas would be a difficult one with multiple challenges (Rao, 2010). Qantas has continually experienced challenges from high costs of jet fuel just like many other Local Airlines. Quite recently, the Flying Kangaroo has also faced local challenges where it is forced to cope with a commercial slowdown and increasing rivalry with the Virgin Australia Holdings. In order to continually grow profits, someone ought to introduce stern principles and make harsh decisions in order to compete in the airline business (Rao, 2010).The decision to either sell or retain the Airline’s most priced assets would be a difficult decision to make for any expert. However decision to undertake either of the two procedures is a risky trail to take. The decision of Alan Joyce was a strategic, tactical as well as an operational one. The principal objective of the decision is to sustain the company in the local airline competition and counter the Virgin Australia for its customers; for this reason, it can be said that the move is strategic. The plan is tactical because t here would counter the other Local Airlines by stealing customers from them. Qantas needed to deal with its declining market share and losses in its transnational operations through improving its competitiveness. With regards to the domestic scene, Joyce had to address the challenges from the Virgin Australia. The competitor Virgin Australia set up a program share accord with other global giants such as Delta Airlines and Singapore. Joyce took a draconian counteractive step by instituting central structural changes to the company’s operations. The action made losses of up to $200 million. Joyce made another decision to initiate new airlines,

Procter & Gamble Company Research Paper Example | Topics and Well Written Essays - 1250 words

Procter & Gamble Company - Research Paper Example The company, which has been in the industry for 174 years, has earned a great number of recognitions over the years. These included, to cite a few, a 6th ranking on Fortune’s â€Å"Global Most Admired Companies†, a 2nd on Fortune’s â€Å"Top Companies for Leaders† survey, top rankings on the Dow Jones Sustainability Index from 2000 to 2010, and most innovative manufacturer in the consumer packaged goods industry for the last decade given by the Symphony IRI group. In addition, P&G has also been recognized by the National Association for Female Executives (Top 50 Companies for Executive Women) and Black Enterprise magazine (40 Best Companies for Diversity); awards related to creating a diverse workplace. On top of that, P&G has been consistently a member of the Billion Dollar Roundtable, made up of 17 corporations that spend more than $1 billion annually with diverse suppliers, since 2005 (Procter & Gamble Co., 2011). P&G serves consumer, household and phar maceutical goods to consumers in more than 180 countries. Having around 127,000 employees for ground operations in 80 countries (Procter & Gamble Co., 2011) , the company makes at least 250 brands in six main categories: laundry and cleaning (detergents), paper goods (toilet paper), beauty care (cosmetics and shampoos), food and beverages (coffee and snacks), feminine care (sanitary towels) and health care (toothpaste and medicine), (Corporate Watch , 2002). Among the quality and leadership brands manufactured by the company are Ivory, Pampers, Tide, Ariel, Always, Whisper, Pantene, Folgers, Charmin, Downy, Lenor, Iams, Crest, Oral B, Actonel, Duracell, Olay, head & Shoulders, Wella, Gilette, and Braun (Procter & Gamble Co., 2006). History P&G has changed the lifestyle of consumers worldwide, the history of which can be rooted way back in 1837 in Cincinnati, Ohio. William Procter, who was originally from England, and James Gamble, an immigrant from Ireland, had crossed paths when th ey married sisters Olivia and Elizabeth Norris (Procter & Gamble Co., 2006). The partnership of the two was suggested by their mutual father-in-law, Alexander Norris, who stated that both William’s trade, candle making and James’ which was soap making would utilize lye from animal fat and wood ashes that were prominent in Cincinnati (FundingUniverse, 2003). At that time of the business establishment, Williams and James used a forward-looking approach despite the financial panic across US wherein banks were bankrupt and competition among soap and candle makers were tough. Despite the years leading to civil war in the 1850s, P&G was able to obtain large contracts from the national government to provide the Union army with soap and candle products (Dyer, Dalzell, & Olegario, 2004). Furthermore, Williams and James’ company was able to start one of the first profit-sharing programs in the US, and also invested in a research laboratory (Procter & Gamble Co., 2006). It was in the 1890s when P&G developed and sold 30 different types of soap, which included the famous brand Ivory and soaps for dishwashing and washing clothes. The effective advertisements of the products through the use of radio â€Å"soap operas†, product sampling and promotional premiums increased the demand which led to expansion of operations in Kansas City, Kansas and Ontario, Canada. Another world-wide known product introduced by P&G in 1946 was Tide. The introduction of Tide was remarkably successful which paved the way to having new markets across continents (Procter & Gamble Co., 2006). A few years following the sensation of Tide, several products were brought into the market. The first fluoride toothpaste, Crest, became popularly known as it was endorsed by the American Dental

International Agreement of two companies Coursework

International Agreement of two companies - Coursework Example The decision of arbitrator is binding and easy to implement. CheapStock Corporation and George Limited are engaged in an agreement for five years. According to the contract, the involved parties should ask for arbitrator’s involvement if there is some dispute or disagreement. George Limited soon after a year wanted the termination of the agreement, which is regarded as a violation of the agreement by CheapStock due to which, suitable arbitration process is required. This paper includes a number of laws related to breach, termination of agreement and arbitration. Basis of Arbitration Arbitration is consensual: Arbitration process can be implementable if both parties agreed on it. In order to resolve the issues through arbitration, the parties at the time of agreement includes arbitration clause in it. The parties in disputes may refer the matter to arbitrator by submission of agreement executed between them. No one can withdraw from arbitration unilaterally1. The parties choose the arbitrator: Under the Arbitration rules parties can chose sole arbitrator to settle the disputes. Arbitration is neutral: The applicable law, language and venue of the arbitration is utmost important. Arbitration is a confidential procedure: In specific circumstances, the Rules empower a party to restrict access to its trade secrets or other confidential information to the arbitral tribunal or its advisor. The decision of the arbitral tribunal is final and legally enforceable by both sides2. Merits and Demerits of Arbitration Merits of arbitration are a) if the disputed matter is highly technical, arbitrators should have an expertise to deliver b) it is faster than the court proceedings c) cheaper and flexible d) its proceedings can be made confidential e) here language of arbitration can be chosen, whereas in judicial proceedings it cannot be chosen f) easily enforceable g) it limits the duration of the dispute and associated liability3. Demerits of arbitration are i) highly c omplex ii) in case arbitration is mandatory and binding, the parties deprive their rights to access the courts iii) ambiguous decisions cannot be reverted since limited scope for an appeal iv) fewer enforcement options than judgments in other legal systems v) not directly enforceable4. Arbitration Agreement In theoretical terms, it is a consensual process duly agreed by both the parties to comply with. Such sorts of agreement can be categorized as: a) if a dispute arises; it can be resolved through arbitrator b) submission agreements are those that signed after a dispute has arisen5. In the common wealth countries, the earlier is considered suitable. In the cited countries, each executor has to bear the cost in conventional arbitration and not in submission agreement. The law accepts validity of arbitration clauses in spite of its language not linked with legal contracts. Those clauses are: a) English law is applicable if venue arbitration is London b) suitability of clause c) if it is in line with the ICC Rules in London6. The competent court of law respect the clauses to resolve the disputes provided i) arbitrator should take into account the principles of practical business ii) globally acclaimed principles of law governing