Mf0010 Free Essays

Ace in Business Administration †Semester3 MF0010†Security Analysis and Portfolio Management †4Credits (Book ID: B1208) Assignment Set-1 (60 Marks) Q. 1 Frame the venture procedure for an individual of your age gathering. Ans:- It is uncommon to discover financial specialists putting their whole investment funds in a solitary security. We will compose a custom article test on Mf0010 or then again any comparative subject just for you Request Now Rather, they will in general put resources into a gathering of protections. Such a gathering of protections is known as a portfolio. Most budgetary specialists stress that so as to limit hazard; a speculator should hold an even venture portfolio. The speculation procedure portrays how a financial specialist must approach making. Choices with respect to what protections to put resources into while building a portfolio, how broad the venture ought to be, and when the speculation ought to be made. This is a methodology including the accompanying five stages: †¢ Set speculation strategy †¢ Perform security examination †¢ Construct a portfolio †¢ Revise the portfolio †¢ Evaluate the exhibition of portfolio 1. Setting Investment Policy : This underlying advance decides the investor’s goals and the measure of his investable riches. Since there is a positive connection among hazard and return, the venture targets ought to be expressed as far as both hazard and return. This progression finishes up with the benefit designation choice: recognizable proof of the expected classifications of monetary resources for thought in the portfolio that the financial specialist is going to build. Resource assignment includes partitioning a speculation portfolio among various resource classifications, for example, stocks, bonds and money. The benefit distribution that works best for a financial specialist at some random point in his life relies to a great extent upon his time skyline and his capacity to endure chance. Time Horizon †The time skyline is the normal number of months, years, or decades that a speculator will put away his cash to accomplish a specific money related objective. A financial specialist with a more drawn out time skyline may feel progressively great with a less secure or increasingly unpredictable speculation since he can brave the moderate monetary cycles and the unavoidable good and bad times of the business sectors. On the other hand, a financial specialist who is putting something aside for his teenager matured daughter’s school training would be more averse to face a huge challenge since he makes some shorter memories skyline. Hazard Tolerance †Risk resistance is an investor’s capacity and ability to lose a few or the entirety of his unique interest in return for more noteworthy expected returns. A forceful financial specialist, or one with a high-hazard resilience, is bound to chance losing cash so as to show signs of improvement results. A traditionalist speculator, or one with a generally safe resilience, will in general kindness ventures that will save their unique speculation. The traditionalist financial specialists keep a â€Å"bird in the hand,† while forceful speculators look for â€Å"two in the bramble. † While setting the speculation strategy, the speculator likewise chooses the portfolio the executives style (dynamic versus assive administration). Dynamic Management is the way toward overseeing venture portfolios by endeavoring to time the market as well as select „undervalued? stocks to purchase and „overvalued? stocks to sell, in light of exploration, ex amination and investigation. Latent Management is the way toward overseeing venture portfolios by attempting to coordinate the presentation of a file, (for example, a financial exchange list) or resource class of protections as intently as could be expected under the circumstances, by holding all or a delegate test of the protections in the record or resource class. This portfolio the executives style doesn't utilize advertise timing or stock determination techniques. 2. Performing Security Analysis : This progression is the security determination choice: Within every advantage type, recognized in the benefit allotment choice, how does a financial specialist select which protections to buy. Security examination includes looking at various individual protections inside the general classes of money related resources distinguished in the past advance. One motivation behind this activity is to distinguish those protections that as of now give off an impression of being mispriced. Security investigation is done either utilizing Fundamental or Technical examination (both have been talked about in ensuing units). Essential examination is a technique used to assess the value of a security by contemplating the budgetary information of the backer. It examines the issuer’s salary and costs, resources and liabilities, the board, and position in its industry. At the end of the day, it centers around the „basics? of the business. Specialized examination is a strategy used to assess the value of a security by considering market measurements. In contrast to crucial investigation, specialized examination ignores an issuer’s budget reports. Rather, it depends upon showcase patterns to determine financial specialist supposition to foresee how a security will perform. 3. Portfolio Construction : This progression distinguishes those particular resources where to contribute, just as deciding the extent of the investor’s riches to place into every one. Here selectivity, timing and broadening issues are tended to. Selectivity alludes to security examination and spotlights on value developments of individual protections. Timing includes determining of value development of stocks comparative with value developments of fixed pay protections, (for example, bonds). Expansion targets building a portfolio so that the investor’s hazard is limited. The accompanying table sums up how the portfolio is developed for a functioning and a detached financial specialist. [pic] 4. Portfolio Revision : This progression is the redundancy of the three past strides, as goals may change and recently held portfolio probably won't be the ideal one. 5. Portfolio execution assessment : This progression includes deciding intermittently how the portfolio has performed over some timespan (returns earned versus dangers brought about). Q. From the site of BSE India, clarify how the BSE Sensex is determined. Ans:- SENSEX is determined utilizing the â€Å"Free-glide Market Capitalization† strategy, wherein, the degree of list anytime of time mirrors the free-drift advertise estimation of 30 part stocks comparative with a base period. The market capitalization of an organization is controlled by duplicating the cost of its stock by the quantity of offers gave by the organization. This market capitalization is additionally duplicated by the free-coast factor to decide the free-drift showcase capitalization. The base time of SENSEX is 1978-79 and the base worth is 100 list focuses. This is regularly shown by the documentation 1978-79=100. The estimation of SENSEX includes separating the free-skim market capitalization of 30 organizations in the Index by a number called the Index Divisor. The Divisor is the main connect to the first base time frame estimation of the SENSEX. It keeps the Index practically identical after some time and is the change point for all Index alterations emerging out of corporate activities, substitution of scrips and so forth. During market hours, costs of the list scrips, at which most recent exchanges are executed, are utilized by the exchanging framework to compute SENSEX consistently. Dollex-30 BSE likewise figures a dollar-connected variant of SENSEX and verifiable estimations of this list are accessible since its beginning. (For additional subtleties click ‘Dollex arrangement of BSE indices’) SENSEX †Scrip Selection Criteria 1. Values of organizations recorded on Bombay Stock Exchange Ltd. (barring organizations arranged in Z gathering, recorded common assets, scrips suspended on the most recent day of the month preceding survey date, scrips questioned by the Observation division of the Exchange and those that are exchanged under allowed classification) will be viewed as qualified 2. Posting History: The scrip ought to have a posting history of in any event three months at BSE. A special case might be conceded to one month, if the normal free-skim market capitalization of a recently recorded organization positions in the main 10 of all organizations recorded at BSE. If an organization is recorded by virtue of a merger/demerger/amalgamation, a base posting history isn't required. 3. The scrip ought to have been exchanged on every single exchanging day the most recent three months at BSE. Exemptions can be made for extraordinary reasons like scrip suspension and so on 4. Organizations that have revealed income in the most recent four quarters from its center action are viewed as qualified. 5. From the rundown of constituents chose through Steps 1-4, the main 75 organizations dependent on free-glide showcase capitalisation (avg. 3 months) are chosen just as any extra organizations that are in the main 75 dependent on full market capitalization (avg. months). 6. The separated rundown of constituents chose through Step 5 (which can be more noteworthy than 75 organizations) is then positioned on total turnover (avg. 3 months). 7. Any organization in the sifted, arranged rundown made in Step 6 that has Cumulative Turnover of 98%, are prohibited, inasmuch as the rest of the rundown has in excess of 30 scrips 8. The sifted list determined in Step 7 is then arranged by f ree buoy advertise capitalization. Any organization including a load inside this sifted constituent rundown of Instructions to refer to Mf0010, Essay models

COCA-COLA's CSR (Corporative Social Responsibility) Coursework

COCA-COLA's CSR (Corporative Social Responsibility) - Coursework Example This specific Coca Cola plant in North India additionally couldn't have cared less to request formal authorization records from the suitable ground water the executives specialists. It was additionally discovered that Coca Cola wrongfully manufactured this plant on the land possessed by Mehdiganj town committee (The Guardian, 18 June 2014). This shows at this specific plant, Coca Cola not just damaged basic standards fundamental a supportable collecting of normal assets, yet in addition demonstrated a gross negligence for the interconnections existing between business, network and condition in this specific town (Wheeler 2004, p. 199). This too when the 2011/2012 Sustainability Report discharged by Coca Cola manifested the company’s pledge to monitor water assets in the networks it works in and to be delicate towards the worries of nearby networks (Coca Cola 2012). This, however by discharging unsafe toxins and by infringing over the town committee land, Coca Cola additionally penetrated the tradition that must be adhered to. It is nevertheless obvious that such activities of Coca Cola are exploitative, yet additionally damaged the directs of law. It is unequivocally suggested that Coca Cola find a way to secure all the important records, declarations and licenses required to work this plant. The organization ought to likewise find a way to follow the rules gave by the nearby contamination control authority and present appropriate reparations in light of exhausting the neighborhood water assets. The organization ought to likewise earnestly introduce all the important gear and innovation required to control poison levels in the effluents discharged by this plant. Moreover, quick talks should be started with Mehdiganj town chamber to pass on worry for and affectability towards the network issues. Steps ought to be taken to suitably remunerate the town chamber for its property illicitly appropriated by Coca

Newell Rubbermaid Case Study Free Essays

I accept that Newell Rubbermaid’s departmentalization structure places the organization in a solid situation for beneficial development. It was unmistakably expressed that the benefit of the organization stand great after the usage of the procedure that was on a down pattern for as long as two years.  The endeavors of Galli to expand the proficiency of the organization to go about as ‘one’ association made to cut the expense of creation. We will compose a custom exposition test on Newell Rubbermaid Case Study or then again any comparative point just for you Request Now Despite the fact that the impact won't take directly after yet in any event there is an enhancement for the benefit development of the organization. It is only normal for the impact of any business methodology to set aside effort for the impact to understanding so there’s nothing to stress over not meeting the objective development. It is simply an issue of time. Answer to Question #2 I think Galli applied Mary Parker Follett’s rule on coordination to Newell Rubbermaid by building up the single corporate base camp in Atlanta. With this, the top Management, particularly Galli, would now be able to hear the thoughts of the administrators originating from the diverse specialty units. The usage of this additionally made the gatherings of the officials simpler and increasingly effective. The scattering of data will likewise be made quicker since the official of one specialty unit can go to the gathering exactly on time and there will be no more reasons about being late or any sort of postponement. With the administrators working in one office will give them enough space for connection that will give them more coordination for the arranging and execution of each business heading. Answer to Question #3 I will recommend to Galli the foundation of a solitary able, lively directing position or the proper administration structure; since at the very beginning of the budgetary emergency of the organization, the unification of the specialty units is the wellspring of the issue of the organization; to give accentuation in utilizing the association to address Newell Rubbermaid’s challenges. Administration This is characterized as the regulatory structure that utilizes the progressive conveyance of power to each unit of the association (dictionary.com, 2007). This is utilized by numerous organizations in organizing their association regardless of the reactions that is ascribed to this business structure. One of the reactions of administration is that people are not monitoring the pessimistic impacts of their activities from a bigger perspective since there is an overspecialization of specialty units. Formality is likewise one of the negative impacts of organization that obstructs on the usage of each business activity and settles on the dynamic procedure to back off. It is likewise said that under organization, sound judgment is not, at this point material since they are totally guided by the laws gave by the top administration. The lower the executives and the workers have less support on the arranging procedure under this authoritative structure. The above circumstance will later outcome on inner issue for the chiefs since representatives may feel that they are not being esteemed by the administration. Obviously there are still advantages got from utilizing administration as an authoritative structure. One of this is the expansion in the effectiveness of creation in light of the specialization of the workers. The said strategy empowers to organization to have development on their benefits since there will be more products will be produce. The inconvenience of laws will help the workers by controlling the last on their doings and on the execution of the plans inside and outside the business condition. Top directors are without a doubt exceptionally serious since they are screened by the other top administrators. Since the business exchanges are recorded, this can be utilized by the future administration as a premise on arranging their advertising technique and different business related strategies. There are still a ton of advantages that can be get from utilizing administration as the hierarchical of each organization, just that it relies upon the circumstance on what the organization is managing. REFERENCES dictionary.com. (2007). Organization [Electronic Version] from http://dictionary.reference.com/peruse/administration.   Instructions to refer to Newell Rubbermaid Case Study, Free Case study tests

Sports Medicine Essay Research Paper Participation in free essay sample

Sports Medicine Essay, Research Paper Commitment in sports is both a satisfying interest and a segment of keeping up truly what's more, intellectually fit. A few people may simply be keen on general molding and weight reduction, while others may want explicit exercisings for specific occasions. Despite the movement, risks are ever included, and today? s specialist must have the option to non only handle the varying damages that emerge, however adjacent to offer supporter on a wide extent of other interconnected themes. ( Berger 294 ) Sports clinical claim to fame is the bar and mediation of harms endured by muscle heads in including exercises. A muscle head is any individual who takes part in any kind of sports, from the individuals who stroll for practicing to the individuals who play competitory athleticss. ( Darden XI ) Athletes non only require mediation for athleticss harms however every piece great guide or guidance identified with athleticss exercises. In the past such individuals would venture out to their doctor or supervisor and procure standard clinical or athletic joining in. We will compose a custom paper test on Sports Medicine Essay Research Paper Participation in or on the other hand any comparative subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Presently, an ever increasing number of muscle heads are going to specialists in the field of athleticss clinical claim to fame. ( Berger 2 ) Sports clinical forte includes a wide collection of strengths. In the undermentioned examination, connection to a adjusted eating regimen, bar of damages and first help, will be taken a gander at. As great, the history what's more, significance of athleticss clinical claim to fame and why there is an interest for this field of clinical forte. History Sports Medicine has for quite some time been accessible to the harmed athlete. An Egyptian careful manual composed during the age of the Old Kingdom # 8211 ; in excess of 4000 mature ages back clarified mediations for injuries and interruptions. Hippocrates ( 460-377 BC ) , the old Greek respected as the male parent of clinical strength, depicted medical procedure to retouch a disconnected shoulder seeing that, ? Numerous people attributable to this mishap have been obliged to forsake gymnastic activities. ? ( Edelson 18 ) The idea that competitors need specific consideration goes all the way back to old Greece. In those yearss the athleticss clinical claim to fame doctors were called gymnasts, a Grecian word that initially alluded to the individuals who prepared and treated muscle heads. ( Berger 9 ) Over the undermentioned hundreds of years athleticss clinical forte dropped in significance. Populaces were diminishing because of infection, plagues and famishment. Specialists were exceptionally constrained by the medications and intercessions that were accessible. They were to a great extent worried about the patients perseverance. Since athleticss was such a little part of everyday life, they saw little interest to build up this development of clinical strength. ( Berger 9-10 ) These terrible fortunes remained the equivalent until the terminal of the 1800? s, around the clasp of re-enthusiasm for athleticss, curiously in the Olympics. The main book in English on athleticss clinical claim to fame was distributed in 1898. ( Edelson 19 ) Three trailblazer athleticss researchers, Robert Osgood, P.D. Wilson, and Gus Thorndike, set up the primary fittingness look into lab at Harvard University in 1919. ( Berger 10 ) The Universal Congress of Sports Medicine was established in 1928, and the American School of Sports Medicine followed, in 1954. These associations started the developing of a development of clinical forte whose rehearsing experts treat 1000000s of patients every year, in North America and abroad. ( Edelson 19 ) Sustenance Sustenance is extremely of import in athleticss clinical forte. For a muscle head to stay in top structure, the natural structure must get a wide extent of nourishments to support its physiological turn of events. The right eating routine is the primary measure. Assessments of what establishes a judicious eating routine differ marginally, in any case, most specialists concur on the rudimentss. The solitary contrast between what a muscle head and a nonathlete ought to eat is a fairly higher utilization from the staff of lifes and oat bunch for the individuals who do a cluster of perseverance arrangement. Nutrition class *SERVINGS PRINCIPAL FOODS Milk 3-4 Cheese, milk, yogurt, lodge cheddar Meat 2 Meat, residential fowl, fish, eggs ( other than beans ) Vegetables and Fruit 1 Vitamin C: citrous organic product foods grown from the ground 1 Vitamin Angstrom: carrots, Brassica oleracea italica, verdant vegetables 2 White murphies, different veggies Breads and Cereals 4 Whole-grain and advanced staff of lifes oats ; rice ; pasta ; noodles Supernumeraries 2-4 Butter, veggie oils, nectar, confects desserts, carbonated beverages ( * insignificant figure of everyday helpings for juvenile adults ) ( Edelson 45 ) Eating for Maximum Performance The undermentioned of import focuses for expanding athletic open introduction and level of wellbeing were conceived from the large natural structure of research that has been done on appropriate eating regimen and great nourishment. # 8211 ; Most muscle heads need a higher than mean vitality, or Calorie, utilization. The best beginnings for those Calories are the grains, dried natural product, staff of lifes, and pastas. Complex saccharides are basic since they contain minerals and nutrients, as great as the components for the essential glucose, glucose. Straightforward saccharides, in the signifier of natural product, squeezes, and nectar, are other than important, in spite of the fact that the basic 1s in confect bars furthermore, different Sweets are? void Calories, ? without different nourishments. Sweet treats or other such incitements truly exhaust creature starch degrees. A reasonable eating regimen requires neither protein addendums nor nutrient or mineral addendums. Ladies competitors do require to watch their Fe degrees, however, and veggie lovers ought to meet with a doctor about their specific requests, for example, taking B12 nutrients Addendums s uch as salt tablets, honey bee dust, wheat sources, aminic acids, and other ? enchantment activity? fixings are all around considered unneeded additional items to a solid diet. It is of import to supplant sweat and different liquids by guzzling enormous aggregates of H2O. ( Edelson 42 ) * Carbohydrate ingestion and leftover portion before an occasion will exceed renew musculus creature starch. Avoidance of Injuries The most adequate offices of limiting the complexities of athleticss harms is bar, and the principal measure to bar is a finished physical examination. This is especially of import for youngster and should take topographic point even before molding Begins. Specific going to ought to be paid to those nations that will be generally associated with the athletic action, and all musculotendinous upsets or abnormalcies ought to be noted. The frequence and disagreeableness of numerous damages may so be decreased by appropriate molding and preparing. ( Mercier 294 ) Molding Appropriate molding implies the advancement of solidarity, continuance, cardiovascular fittingness, force, and flexibleness. It other than incorporates the advancement of appropriate natural structure mechanics, signifiers, and legerity. Lower member damages can overall be decreased by meat uping exercisings. Extending exercisings can be utilized to keep away from strong strains. Remaining in structure during the slow time of year may influence running stepss and running in topographic point at place. ( Mercier 294 ) Heating Up Get bringing down any action a tiny bit at a time will chop down the frequency of hurt, especially hurt to the muscle-ligament unit. Extending is especially of import to dodge strain. Adaptability is much of the time decreased after an extensive stretch of inaction, and extending is exceptionally of import while restarting a sports. Two kinds of extending exercisings might be performed. Idle extending is a moderate, steady extending through full movement, and keeping at the spot for 10 to twenty seconds before release uping. A pulling esthesis, non harming, ought to be felt. Ballistic extending, which includes quick, stubborn movements, is other than once in a while utilized yet is all around less solid and may even do minor strong cryings. It is regularly non suggested. ( Mercier 295 ) Chilling Legitimate wonts after severe practicing permit musculuss to chill off enough and to disperse heat. In the wake of running, it is regularly prompted non to simply stop or untruth recumbent yet, to stroll for five to ten proceedingss thus rest in a situated spot. This might be especially of import for the cardiovascular situation of the individual. In the event that the practicing is halted out of nowhere, blood pooling can occur in the legs causation swoon, Hypertension, and arrhythymias. ( Mercier 295 ) Medical aid The American Red Cross characterizes first guide as? the prompt consideration given to a person who has been harmed or has out of nowhere become sick. ? First help is prompt help. Each endeavor ought to be made to gain the harmed athlete to advance consideration. This first help chief ought to settle the person in question thus organize travel. An essential fear of self improvement and spot consideration starts with the principal help unit. There are numerous topographic focuses that competitors need a first help unit in the auto, office, knapsack, bicycle, and definitely on the athletic field and in the molding room. While it very well may be costly to buy total supplies for every area, the individual can purchase the supplies in lion's share and amass them himself, along these lines rescuing cash. ( Darden 116 ) A well-prepared first help pack: Cement strips ( Band-Aids ) 70 grouped Sticky tape 1 in. x 10 yds. Cotton balls 250 Flexible fix 3 in. x 126 yds. Roller cloth fix 2 in. x 5 yds. Security pins Assorted sizes Scissorss Small Sterile cloth cushions 15 m

Why Should Marijuana Be Legalized Many People, Old And Young, Everywh

For what reason should weed be legitimized? Numerous individuals, old and youthful, wherever on the planet, participate in the movement of smoking this plant and purchasing stuff. There are numerous significant motivations to utilize this plant, other than for extra-curricular purposes. Maryjane ought to be authorized in light of the fact that it's the holder of numerous gainful uses including smothering torment, raising the United States in the clear, sparing a huge number of sections of land of timberlands, and making occupations for some individuals. Through the sanctioning of weed, the U.S. could profit enormously. Weed is the most generally utilized controlled substance in the United States. Since it is utilized so frequently, why not take the cash it could make by selling it and help the economy. For each 1/8 ounce sold, the U.S. government could take 40% of the $40 or $45 with the other 60% setting off to the dealer. The vender would need to be observed by the administration and would must have licenses and have their yields tried for destructive composts. Wrongdoing would likewise be influenced in a positive manner. Illicit medication violations would drop, permitting the police to direct their concentration toward progressively major issues. There is a weed smoker captured at regular intervals in the United States. Regularly, they get huge fines and little prison time however recurrent guilty parties can get as long as five years. Tragically, attackers and killers can get just a single year. Do you truly think smoking a joint is more terrible that assaulting and killing somebody If maryjane were to be authorized, the prison would have space for lawbreakers that merit prison time for their wrongdoings. Expense dollars that go to arraigning and imprisoning these alleged ?lawbreakers' could go towards programs in illuminating smokers regarding how to do it obligation. Street pharmacists that managed wrongfully would before long leave business and medication carrying would drop to a low. They would at present sell cocaine and PCP and the other illicit medications yet they wouldn't have a similar benefit that they got earlier in light of the fact that pot acquires such an enormous benefit. In addition to the fact that authorization would profit the prisons yet additionally the world. A great many sections of land of woodland that are annihilated every day would be spared. One section of land of hemp can create up to multiple times more paper than one section of land of trees. Before trees can be gathered for use, they should develop anyplace between 20-50 years; while hemp just needs 4 months before it very well may be collected. With hemp becoming quicker than trees, woods would remain raised; thusly, many jeopardized creatures would be removed the imperiled species list. Numerous things can be made out of hemp and hemp oil. A few things incorporate; apparel, cleansers, spread, and rope. By utilizing hemp, we could spare the earth while making ordinary things. For what reason are liquor and nicotine legitimate while maryjane isn't? Liquor and nicotine, similar to cannabis, are viewed as medications. Liquor brings out brutality and maltreatment in numerous individuals, while clients of pot are commonly accommodating and loose while on it. Nicotine, whenever expended in enormous enough amounts, makes colossal mischief the clients' body. What's more, both nicotine and liquor are compelling, while hardly any clients of pot create conditions. A substance shouldn't be unlawful in light of the fact that it is addictive. Sex and nourishment can be addictive for individuals and they are not restricted. Numerous individuals feel that the main individuals that smoke weed are jobless sluggish potheads, however that isn't the situation. Around 10 million individuals smoked maryjane routinely a year ago. The majority of these individuals were well behaved residents. If weed somehow managed to become authorized, there would need to laws to follow, for example, smokers could get a fine for smoking openly. Or on the other hand the United States could follow in the Netherlands strides. In the Netherlands, they legitimately sell maryjane on the traffic intersections in little shops. Amsterdam, the capital of the Netherlands, is the pot capital of the world and thus, numerous individuals allude to it as the most serene places on the planet. Utilization of cannabis would likewise be a lot more secure if the legislature directed it. The legislature could without much of a stretch control the sum sold and bought, which would bring down the level of medication maltreatment in the nation. Likewise, if the administration observed cannabis crops, individuals smoking the plant

Hunger and Poverty in the Latino Community - Free Essay Example

Poverty has been a big social issue around the world and among many cultural groups, it affects everybody, from adults, teenagers, and kids. One of the cultural groups that tend to be affected by this social issue is in the Hispanic/ Latino community. According to Bread For the World, in 2015 around nineteen percent of Latino Households struggle to provide food for their family, and around twenty-one percent have lived below the poverty line. Poverty is something that affects many Hispanics and Latinos and is an ongoing struggle. Data shows that one out of five Latino households struggles to obtain food which is more than double of those in White households. Not only that, but around thirty percent of these Latino/ Hispanic households are headed by an undocumented parent or parents. The increase of poverty among this community are results of discrimination, immigration status, low wages, lack of education opportunities, higher health costs, no medical insurance, and higher levels of deportation (Bread for the World, 2016). Although there are programs like Welfare that can help these Latino/ Hispanics communities, not everyone is able to apply to these programs nor guarantees them that this will help them overcome poverty. With this being said, parent-child relationships and parent roles play a big a role when it comes to poverty among Hispanic/Latino communities. Parent-child Relationships Poverty has a big impact when it comes to parent and child relationships. It impacts both of them mentally and physically. When families are struggling to get food on the table the first ones to act are the parents, they focus so much on working but dont realize the effect that has towards their children. This affects their children because they start becoming independent at a younger age. They face problems by themselves and dont have the parent figures that other kids do which leads to bigger problems. In order to see how poverty affects parent and child relationships, Catherine DeCarlo Santiago and Martha E. Wadsw orth (2012) conducted a study that examined 90 low income Latino middle school children and their families. For this study, all participants identified themselves as Hispanic/ Latino, but only 75% of families identified themselves as Mexican-origin and 77% identified themselves as immigrants. This study examined if Poverty Related Stress (PRS) had and effect toward children, parents and their relationships. In the study made poverty had bad impacts on children, like depression, anxiety, agressions, and bad school performance. On the other hand parents were strongly affected by PRS, which not only stressed them out but stressed out the kids leading to greater effects on them and their relationships. Not being able to deal with PRS within a family creates tension and distance among one another, but these studies show that some low income families are able to cope with PRS specially immigrant parent families since they are stronger on their roots, culture, and teachings to their children. Although this study showed that some families can cope with PRS others cannot which leads to bad parent-c hild relationships and mental and physical problems with children. Parent Roles Parents always want the best for their kids. They want them to succeed and live better lives. Unfortunately many Hispanic/Latino communities live in poverty which makes it harder for parents to provide for their kids and families. Parents work so hard in order for their kids and families to have shelter and food. They work double shifts, two different jobs, and take care of households which leaves little time for the kids. In order to get better understanding of the biggest role parents play and struggles they go through when it comes to providing for their family, Mary Russell, Barbara Harris, and Annemarie Gockel (2008) provides a study done to 35 parents all done over a time period of 18 months. This study demonstrated the obstacles parents face when they try to provide for their family. They recognize that they have been bad parents to their kids because of the lack of attention, but realize that its a role and sacrifice they have to make in order for their kids to have food and shelter. Furthermore parents play a big role among Hispanic/ Latino communities when it comes to being able to provide for their family. Having this role is not easy especially when a job is not always guaranteed. This is why providing is one of the biggest and most important role a parent can play among this community. Conclusion To conclude, poverty is something that affects the Hispanic/ Latino community in two big ways; parent-child relationships and parent roles within this social issue. Being a child and seeing the daily struggle parents go through in order to provide food for the family affects them in a big negative way. Children are not the only affected with this social issue but parents are as well. Being the head of a family, having to provide, and taking care of the house can be very stressful and hurtful because leaving your kids for a long time causes distance between one another affecting the relationship. Although it has a negative affect, parents work hard, work extra shifts, and provide because its what they want and need to do. Its a very important role they play which is what gives them shelter and food. With this being said, poverty has and will be a big social issue around the world affecting many cultural groups, one of them being the Hispanic/ Latino community.

What You Dont Know About Research Paper Writing Service

What You Don't Know About Research Paper Writing Service Stay calm now, because you found the ideal service for global students around the world. The majority of the times it is found either the students don't acquire excellent grades or the quality is so low they don't surpass the standards specified by the teacher. In the new academic decades, it's been found that numerous students elect for research paper help from professional services. Many students are worried about the affordability of the charges provided by online writing companies. If you're puzzling who will be able to help you with the assignment at the lowest price as you're a student and may be pressed for money, you're at the appropriate place as we offer cheap customized writings. So, you may rest assured your term paper service is going to be delivered by means of a pro. Anyway, you'll certainly like our price policy. When you buy research papers for sale on the internet, you should work with the writer for a team to acquire an ideal result. The Fundamentals of Research Paper Writing Service Revealed Therefore, you won't need to wait until the entire paper is written to look at its quality. In a brief while, you will find a professionally written research paper. Every paper needs clear paragraphing to appear nice and credible. The entire paper is going to be based on it. Organize your paper according to an outline if you would like to obtain a great grade. Since you might have guessed, you can't submit our examples as your own paper, as it is going to be considered plagiarism. Paper was and still is extremely crucial in today's world in lots of ways. You're able to purchase research paper when you need and wherever you're. As a way to request precisely the same writer who did the totally free research paper you liked, and give him your assignment to finish, you may visit our enormous database that has the profiles for each freelance writer with whom we cooperate. Perhaps the handiest means of communicating with the writers is by way of the live chat. If you order from us, you can find a draft of your paper to make certain your writer is heading in the proper direction. The time of writing for every specific author can differ. For the matter, you may use the New Order option that will enable you to receive in contact with the writers who show interest in your paper, and decent comprehension of your instructions and requirements. If you're using writing services online for the very first time and not certain how it works, you may always contact our support agent who will aid you through all the stages starting with the purchase placement right until the last paper is delivered to you. Our custom essays might help you comprehend the peculiarities of a thriving essay, which means you experience a chance to use such help further for achieving the greatest grades without hesitation. Moreover, composing an essay is a far greater device of learning compared to reading as an example, because of the simple fact that in case you have the capacity to cover precisely what you have actually discovered and checked out, it indicates you have recognized the material perfectly. Try to remember that the primary goal of the research paper is to demonstrate your abilities to work on your own and demonstrate the scope of your knowledge o n several different topics. On top of that, it is simple to start and we can help you receive the content you require for a wide range of subjects and topics. For this reason, you'll have an opportunity to perform good research and share your point of view on the subject. It's straightforward to order from our site, with just a few steps separating you from a magnificent research paper. You will have the ability to choose the academic requirement of the essay we create for you to be sure you know your customized essay will satisfy the mandatory assessment standards. Firstly, you'll have to come across general info to back up your thesis statement, then you'll need to dig deeper. Hence, ultimately, the essay is not only going to be honed to perfection in conditions of language but also customized to each applicant. After submitting the form it's possible to sit tight and watch for your customized research essay! Writing research papers are sometimes a tiresome procedure, equally, if you believe that time is running out, or that completing the job in time is not something which you're sure that you can do, then it may also be a rather stressful and nerve-racking experience. The perfect way to achieve a high credit history is to pay your accounts on time. The paper needs to be consistent from the start to the very end. The majority of the moment, the expression p aper is employed in grading students which means that whatever grade you will score on it'll greatly influence your general grade at the close of the semester.

The Digitial Millenium Copyright Act Essay - 3311 Words

The Digitial Millenium Copyright Act As current lawsuits unfold and the history of the Internet progresses, the debate over the future of the Digital Millennium Copyright Act thrives. The Digital Millennium Copyright Act, signed into law by President Clinton on October 28, 1998, was written in an attempt to strike a balance between the rights of a work’s creator to receive adequate compensation and society’s fundamental right to freedom of information. The bottom line is that the objective of the Digital Millennium Copyright Act is to prohibit all Internet users from accessing copyrighted materials on the Internet. The most renowned case where this is currently happening is AM Records, Inc v. Napster Inc (Downing 2). The reason the†¦show more content†¦The current court case and ensuing media battle are accomplishing little in the way of creating real long-term solutions to online piracy (Frankel 1). The only way to get to the core of the issue and really under stand the Digital Millennium Copyright Act is to get a little bit of a background on copyright itself. Almost three hundred years ago, England was the first country to formally establish the first copyright laws in what they called, the Statute of Anne. The rationale behind establishing the world’s first copyright laws was supposedly to protect the rights of the consumer. The Statute of Anne was created with the title of an act for the encouragement of learning, although works, such as books, were not considered valuable pieces of art that should be protected. Instead, they were considered valuable commodities to profit from. When the United States Constitution was first being written in 1787, our founding fathers recognized that everyone would benefit if creative people were encouraged to create new intellectual and artistic works. The framers of the Constitution admired the Statute of Anne and took care to include a copyright clause (Article 1 Section 8) giving congress the power to promote the progress of science and useful arts by passing laws that give creative artists (la beled authors in the constitution) the exclusive

Is Atheism Considered The Belief Of The Existence Of Gods

ULTIMATE REALITY __________________ A Paper Presented to Dr. Carey A. Ford, III Navarro College __________________ In Partial Fulfillment of the Requirements for PHIL 1301 __________________ by Brandon Pizarro January 12th, 2015 ULTIMATE REALITY The first mode would have to be the mode that makes most in a search for the ultimate reality. Atheism is considered the belief in the absence of the existence of gods. This absence of belief usually comes from a deliberate choice, or from an inherent inability to believe in religious teachings. It is not a lack of belief born from ignorance of religions. The word atheism has a very negative connotation but it is the lack of belief in other religions and or gods that produce this way of thought. No one can prove nor disprove an existence of a higher power or god. There are one too many religions and religious beliefs. They all stem from different cultures and places round the world and some are very closely alike but choose to have different establishments and traditions. Philosophers Ludwig Feuerbach and Sigmund Freud have argued that God and other religious beliefs are human inventions, which overtime were made to fulfill countless psychological and emotional wants or needs created by humans. Religions are also social functions that can be learned during childhood or learned from where and when you were born. This is why there are so many different religions. Think about all the different places and countries never heardShow MoreRelatedThe Nature Of God And Which Lense One Helps View Religion Or Spirituality1685 Words   |  7 PagesThere are many different views about the nature of god and which lense one chooses to view religion or spirituality. The nine that will be discussed are animism, polytheism, henotheism, pantheism, religious dualism, deism, theism, atheism, and agnosticism. While some of these have overlapping principles, they are each unique viewpoints as of the nature of god and are held by different religions throughout the world today and in history. One of the first forms of religions was animism, or the viewRead MoreAtheism And The Existence Of Deity1421 Words   |  6 PagesMerriam-Webster Dictionary defines atheism as â€Å"a disbelief in the existence of deity.† This definition of atheism is broad and general. Most people only know that atheism is the lack of belief in a god or gods, but they do not know what atheists do believe in or if atheists have faith in anything. Also, atheism is often seen as the opposite of religion. Religion is the belief in a god or gods, while atheism is the disbelief in the same. Does this view of atheism limit our understanding of what itRead MoreAntony Flew on Christian Life1823 Words   |  7 Pagestheir backs on their once held beliefs to argue that (Christian) faith is unreasonable and without real substance. Rationality seems to be the source of every argument for the non-existence of God, and is often understood as inherently opposing to faith. However, the story of Antony Flew is one that atheists can and should not discard, as he experienced something very different. Born into a Christian family Flew grew up in the church and was exposed to Christian beliefs and customs. He never reallyRead MoreAtheists Essay928 Words   |  4 Pagesimportant contributions to atheism, scepticism, agnosticism and religious critique through history. This page serves as an index to a series of short biographies of some of those individuals. Included here are historians, philosophers, statesmen, lawyers, scientists and more. Although separated by time and profession, what unites them is a common interest in reason, skepticism and critical thinking - in particular when it comes to traditional beliefs and religious dogmas. ThisRead MoreEssay about Atheism1742 Words   |  7 PagesAtheism The Christian god can easily be pictured as virtually the same god as the many ancient gods of past civilizations. The Christian god is a three headed monster; cruel, vengeful and capricious. If one wishes to know more of this raging, three headed beast-like god, one only needs to look at the caliber of people who say they serve him. They are always of two classes: fools and hypocrites†(Jefferson). Atheism is the belief that God does not exist and Judaism believes in only a unitaryRead MoreThere Is No Scientific Proof That A God Or God?1280 Words   |  6 PagesThere is no scientific proof that a god or gods exist; therefore god is but a myth. There are many different types of beliefs in this huge world. No one is quite sure what will happen after I die. They say that this will happen, or that, but at the end of the day, are those beliefs false? This is where atheists come in. Atheists do not believe in a god. â€Å"They argue that scientific evidence proves that life on Ear th evolved over many millennia, not according to the literal timetable of the Bible.Read MoreAtheism Vs Agnosticism : Atheism And Agnosticism1004 Words   |  5 PagesAtheism vs Agnosticism? All my life I wondered which of the thousands of religions, if any, is the right one to believe in. I’m sure most religious people have found their selves questioning if the God or higher power they’re devoting their time to is even real. I for one have done that more times than I can count. Today, there’s roughly 4,200 different religions in the world. That’s 4,200 different beliefs in the world, all believing in a different God or a different higher power. How can youRead MoreEssay on Atheism1218 Words   |  5 PagesInformative Speech Atheism Specific Purpose: To inform my audience about Atheism, why it important as well as the fundamental elements of being a part of it. I will discuss what Atheism is, how it originated, and the number of people who practice this religion. Central Idea: What is Atheism? Who? When? Where? And Why!? Organizational Pattern: Topical Introduction Forrester Church once said, â€Å"Religion is the human response to being alive and having to die.† In Christianity when oneRead MoreThe Persecution of Atheism in America Essay1357 Words   |  6 PagesWhat is atheism? Why would someone be an atheist? Why do people fear and dislike atheism? Simply stated, atheism is the lack of belief in a god or gods. Granted, atheists are each individuals and undoubtedly each of them prescribe [to] many different philosophies on life, politics and morality as do Christians. However, though atheists may choose to gather collectively for whatever purpose, unlike Christianity, atheism is not a belief system. An individual who identifies himself as an atheist isRead MoreWhat Would Make Someone Become Atheist?900 Words   |  4 Pagesreasons for atheism. The cause of atheism is often times personal, or based on specific life experience. The last decade saw an increase number of atheist arranging rallies and protesting laws that are based on a h oly book. For a long time, atheists were, quite stunningly, almost completely ignored by sociologists of religion† (LeDrew 2013). As a non-believer, an atheist feels like a minority all of their adult life, and have often been afraid to openly express and share their beliefs and ideas. As

What Criteria Make Up A Poem - 1225 Words

What criteria make up a poem? According to Terry Eagleton’s book How to Read a Poem, it suggests that a â€Å"poem is a fictional, verbally inventive moral statement in which it is the author, rather than the printer or word processor, who decides where the lines should end† (25). Terry Eagleton uses his own opinion to characterize what aspects he believes make up a poem. Eagleton argues that form and content are two different terms in regards to poetry; however, the form of a poem helps relate to the content of a poem. Some people think poetry is similar to prose, but according to Terry Eagleton that is not accurate. Eagleton states poetry is different than prose in the way poetry is structured and the way it uses language. Maya Angelou’s†¦show more content†¦For instance, the lack of freedom and treatment endured by African Americans could have influenced the form and content Angelou chooses. In the first stanza the poem reads: You may write me down in history/ With your bitter, twisted lies/ You may trod me in the very dirt/ But still, like dust, I ll rise (Angelou 1-4). Angelou is saying that no matter what people said or how they treated her in the past, she will rise above it. This can link to the unfair treatment of African Americans during the Civil Rights Movement or possibly even ancestors who may have experienced slavery. Angelou’s change in form relates to the powerful meaning of the content, which is no matter what happens or what is thrown at Maya Angelou she will always rise. In Terry Eagleton’s book How to Read a Poem, he states that poetry is different than prose and it is the author who decides where the line should end. It might be difficult to tell if the language in â€Å"Still I Rise† were poetry or prose simply by just reading it. The language could be similar to ordinary speech, since Angelou uses enjambment. However, the way the language is broken up shows that it is Angelou in complete control over where the lines should end. In the sixth stanza the poem reads: â€Å"But still, like air, I’ll rise† (Angelou 24). However, in the last stanza, the phase â€Å"I Rise† (Angelou 30, 32, 36, 38), is given its own line. Angelou decided to give that specific phase its own line rather than continue it on the

Canterbury Tales Satire Analysis - 866 Words

Chaucer (A Discussion of Geoffrey Chaucer’s use of Satire in Canterbury Tales Directed Towards Church Hypocrisy, Class Nobility, and the Patriarchy) All well known, articulate speakers and writers throughout history use critical speaking techniques to rally support from those around them. One such tool is the use of satire in public speaking or writing. Satire is the combination of a poignant message along with sarcasm. Arguably the founder of Middle English, Geoffrey Chaucer was a mastermind in the use of satire within his writing. â€Å"His genius is like that of Shakespeare, having a high degree of negative capability. Hence, Chaucer gives us no impression of being a great satirist, although in his writings...we have sharp little sallies of†¦show more content†¦He cannot see that he is exposing his criminality to his listeners,† (Andrews). The ultimate joke is that the pardoner is too drunk to understand that he is revealing his â€Å"game† to everyone around him. Through his writing of The Wife of Bath’s Prologue, Chaucer breaks down the patriarchy by explaining that women truly can have all the power and freedom they desire with manipulation. In her prologue, the wife explains that women are far smarter and more cunning than men. She explains her various tactics in which she uses her sexual power as well as deceitful tricks to place herself in complete control over her husbands. â€Å"So there’s one thing at least that I can boast, that in the end I always ruled the roast; cunning or force was sure to make them stumble, and always keeping up a steady grumble,† (126). Throughout all her marriages, the wife always tricks the husband into giving her total freedom to do as she pleases. As this would be a radical lifestyle of the time, it was a clear strike against patriarchy in Medieval times. â€Å"Ironically, she reveals herself to be the garrulous, indiscreet, deceitful woman, the ‘jangleresse and gossip tha t has been under attack by male authorities. She is as free with her speech as she is with her sexual activity,† (Miles). Her extensive prologue sets up the reader to yet another radical dig at social class systems within herShow MoreRelatedUse Of Satire In Canterbury Tales1301 Words   |  6 PagesChaucer’s Satyric Attack (An analysis of Chaucer’s use of satire to reach his intended audience in his Canterbury Tales) Satire is defined as â€Å"the use of humor, irony, exaggeration, or ridicule to expose and criticize peoples stupidity or vices, particularly in the context of contemporary politics and other topical issues† (Oxford). Another term that people would be more familiar with to describe this would be sarcasm. Language can be utilized in a nasty way, especially when wanting to demoralizeRead MoreWomen In Geoffrey Chaucers Canterbury Tales1288 Words   |  6 PagesIntroduction Geoffrey Chaucer’s â€Å"The Canterbury Tales† is a collection of stories written between 1387 and 1400 about a group of thirty people who travel as pilgrims to Canterbury (England) and on their way, they tell stories to each other about their lives and experiences. The stories constitute a critique of English society at the time, and particularly of the Church, while women seem to be presented in a different way than they are in other contemporary works. The aim of this essay is to presentRead More Powerful Satire in Chaucers Canterbury Tales Essay3466 Words   |  14 PagesPowerful Satire in The Canterbury Tales If one theme can be considered overriding or defining throughout Medieval European society, it would most likely be the concept of social class structure. During this early historical period in Europe, most of society was divided into three classes or estates: the workers, the nobles, and the clerics. By Chaucers time, however, the powerful estate structure had begun to wear down. Weaknesses in the system became apparent, as many people, such as ChaucerRead More Character Analysis of The Wife of Bath of Chaucers Canterbury Tales1623 Words   |  7 Pages Character Analysis of The Wife of Bath of Chaucers Canterbury Tales The Canterbury Tales is Geoffrey Chaucers greatest and most memorable work. In The Canterbury Tales, Chaucer uses a fictitious pilgrimage [to Canterbury] as a framing device for a number of stories (Norton 79). In The General Prologue of The Canterbury Tales, Chaucer describes in detail the pilgrims he meets in the inn on their way to Canterbury. Chaucer is the author, but also a character and the narrator, and acts likeRead MoreAnalysis Of The Knight And His Tale2835 Words   |  12 PagesAn Analysis of the Knight and His Tale in The Canterbury Tales The Canterbury Tales, a poem consisting of several tales told by various pilgrims, is perhaps the most well known work of Geoffrey Chaucer. The Canterbury Tales Chaucer introduces the pilgrims in the general prologue many of the pilgrims in a satirical manner. In prologue to The Canterbury Tales, Geoffrey Chaucer introduces the Knight as â€Å"a true perfect gentle-knight,† (5) who exemplifies the code of chivalry. The tale that the KnightRead More Contradictions in Chaucers The Canterbury Tales Essay3897 Words   |  16 PagesContradictions in Chaucers The Canterbury Tales There is no question that contradictory values make up a major component of The Canterbury Tales. Fate vs. Fortuna, knowledge vs. experience and love vs. hate all embody Chaucers famous work. These contrasting themes are an integral part of the complexity and sophistication of the book, as they provide for an ironic dichotomy to the creative plot development and undermine the superficial assumptions that might be made. The combination of completelyRead MoreThe Nuns Priests Tale in the Canterbury Tales Essay1339 Words   |  6 PagesChaucers The Nuns Priests Tale is at once a fable, a tale of courtly love, and a satire mocking fables and courtly love traditions. To this end, Chaucer makes use of several stylistic techniques involving both framing and content. The tale begins and ends with a poor widwe somdeel stape in age (line 1), but the majority of the content involves not the widow but the animals on her farm, in particular an arrogant rooster name Chauntecleer. The first ment ion of the main character does notRead MoreAnalysis Of The Canterbury Tales : Chaucer s Second Nun s Tale 2418 Words   |  10 Pages AN ANALYSIS OF THE CANTERBURY TALES: Chaucer’s â€Å"Second Nun’s Tale†. Leah Holle REL. 700a: Transitional Moments in Western Christianity 1 November 5th, 2014 Geoffrey Chaucer was a prominent figure within English Literature during the Middle Ages, and is regarded as one of the greatest English poets. Among Chaucer’s works, The Canterbury Tales is arguably one of his most famous pieces. In this fictional work, there is a collection of over 20 stories that areRead MoreEssay on â€Å"The Nun’s Priest’s Tale†: An Analysis2247 Words   |  9 Pagesof the Nun’s Priest. Only in the prologue to his tale do we finally get a glimpse of who he might be, albeit rather obtusely. As Harry Bailey rather disparagingly remarks: â€Å"Telle us swich thyng as may oure hertes glade./Be blithe, though thou ryde upon a jade† (p.235, ll2811-2812). I say this cautiously because much criticism has surrounded the supposed character of the Nun’s Priest, his role in the tale, and his relationship to the Canterbury Tales as a whole. One example, in my opinion, of an unsatisfactoryRead MoreAn Analysis Of Chaucer s Th e Canterbury Tales 2650 Words   |  11 PagesAn Analysis of Chaucer’s Miller in The Canterbury Tales In the prologue to The Canterbury Tales, Chaucer introduces the Miller as a crude, rude, loud character who cheats his customers. The tale, which the Miller later narrates, is appropriate because the Miller’s tale clearly reflects this individual’s unrefined personality by telling a typical, filthy tavern story. The Canterbury Tales, written by Geoffrey Chaucer, is a story that details thirty pilgrims, including Chaucer, traveling on

Fostered Globalization of Critics and Criticism

Question: Discuss about the Fostered Globalization of Critics and Criticism. Answer: Introduction This paper focuses on critical evaluation of globalisation in the present context. The effect of globalisation has changed the economic status, trade relations, and business environment condition significantly. Globalisation has integrated developed and developing economies in terms of culture, business, and resource mobilisation. Business environment has become competitive and dynamic across different nations. Mostly seen effect of globalisation is increasing scope of foreign direct investment (Wijen et al., 2012). The concept of transitional economise has grown up due to effect of globalisation. Although globalisation has several positive effects on the countries, many critics argue against the globalisation. The rationale behind the criticism is that globalisation increases interdependence among the nations (Giulianotti, 2015). Global financial crisis, global recessions are evidence of negative effect of globalisation. The research report analyses various theories related to globalisation and their effect on the economies. The case study is Hong Kong that is chosen for the analysis. The effect of globalisation is shown in different sectors of Hong Kong and in the business environment. Social and economic aspects are considered in this study to show the effects clearly. The Discussion part analyses the integration of Hong Kong with global economy and consequences of globalisation on this economy. The discussion part is followed by the literature review section. Literature review: A Doiz, Lasagabaster Sierra (2013) depicted that globalisation is the process through which an economy is integrated with other economy through business relation, exchange of culture, resource mobilisation and free transfer of capital and labour. Workers of one country can move easily to other nations for better career opportunity. A multinational company can use local labour in order to reduce production cost. London Schneider (2012) has stated that globalisation integrates financial and commodity markets across different economies. As cited by Bowen, Baker Powell (2015), technological progress facilitate the globalisation. In the view Cetorelli Goldberg (2012), globalisation has made the nature of financial market complex than before. Development of different financial products such as futures and options derivatives has reduced the exchange rate risk in the international trade. However, as opined by Bowen, Baker Powell (2015), complexity of financial market has led to the glo bal financial crisis during 2007-08. US mortgage crisis, collapse of banking institutions in the major European countries are the consequences of global financial crisis. Business outsourcing is the result of globalisation in dynamic business world. Several countries have taken policies of trade liberalisation and resource mobilisation (Davidson et al., 2014). Therefore, a business organisation in a country can outsource its resources in term of labour and capital in another country for the reduction of cost in the business (Zajda, 2015). Globalisation has shown its effect on wider section of the society such as business, transportation, telecommunication and other service sector, industrial sector, banking institution, educational sector and agricultural sector. It also disrupts the cultural traits of countries. This can be both positive and negative point for the countries like Hong Kong. Developing countries which join in economic globalization can take the benefits of their comparative advantage. As stated by Chin (2012), it will help them to earn more foreign currency. It will also provide those countries a bigger market than the domestic one. This trait ensures efficient allocation of resources in the developing countries. Economic globalization also helps the developing countries to acquire new and better technologies, which help the countries in their developing. The foreign domestic investments that come through the channels of economic globalization also help the developing countries in improving and it triggers the developing process. The investments create employment in the receiving countries. Economic globalization opens the domestic market to the international market, where the number of sellers is more. It helps the governments in strengthening the market competition, which in turn helps the consumers. According to the critics of economic globalization, though this process was supposed to improve the economic conditions of the countries, in reality, this is not prominent (Hay and Marsh, 2016). According to the studies done by the United Nations, economic globalization has increased the gap between the developed and developing countries more than it was supposed to reduce (Gwynne Cristobal, 2014). The income gap also increased among the developing countries. Some of the developing countries could avail the benefits of economic development while the other countries could not. This situation advocated inequality in income. Those countries which could not avail the benefits of economic globalization lost certain percentages of per capita income in the country. According to Zhibiao (2013), economic globalization puts a country in front of several unpleasant economic situations. The open economy reduces the power of the domestic government. The domestic economy is controlled by the government with the help of the macroeconomic variables. As a country participates in economic globalization, it becomes vulnerable to other macroeconomic variables which were not present in its economy before. It reduces the responsiveness of the economy to the policy measures by the government authorities. Also, each country has own uniqueness. Following the views of Scott (2013), the native cultures can lose their uniqueness due to the openness which follows economic globalization. Every culture has its own values and attributes, music, language, and many other traits. The economy of a country evolves with these changes. As stated by Sturgeon (2013), many economists who have advocated for the economic globalization have also pointed out the negative traits of it. Hong Kongs export industry being focused after globalization required resources, which were provided by the authorities by neglecting the domestic market. Along with the FDIs came terms and condition which weakened the countrys policies. It will help them to avoid the unfavourable traits of economic globalization. The countries can use fiscal and monetary tools to reduce the negative effects of the economic globalization. By changing the domestic interest rates and tax structures, the government can control the foreign involvements in the domestic country. Discussion: According to various economists, the economic globalization gives many opportunities to the domestic economy at the beginning (Dreher, Gassebner and Siemers 2012). The new and enlarged market helps the domestic sellers to exhaust their accumulated inventory. It also helps the domestic job seekers to find new jobs which are related to international markets. Hong Kong took its benefits to reduce unemployment in the country. The macro economic variables which shape an economy will become more efficient due to the openness. It will reduce the over exhaustion of domestic resources. But due to achieving a bigger market, the domestic sellers will try to supply more using the domestic resources. It will increase the exhaustion process. Economic globalization also increases the dependency of one economy on another. This trait was used while the formation of the European Union was started. It was assumed that two countries engaged in trade will be depending on one another. It will reduce the c hance of occurrence of a war. With less war, economies will improve at a faster rate. According to Knox and Marston (2013), the economic openness presented by economic globalization often carries the economic crises of one country to another. Hong Kongs export market faced the downturn because of the Global Financial Crisis (GFC) in the post GFC period. It also creates significant power imbalance between the developed and developing countries. This imbalance often leads to inequality in income. It makes the rich countries richer and poor countries poorer. It also puts the less powerful countries in more pressured situations. The openness also creates mixed cultures. The economic globalization creates various channels between two countries which often lead to a mixed culture. If the mixture is of the good traits of the cultures, then both of the countries will benefit from the trade. If the negative traits become highlighted during the mixing, it will be harmful for both of the countries and their economies. As stated by Pan (2013), the positive side of the economic globalization states that it will make easier for the transportation of commodities, services, people, capital, machineries, resources, and others from one country to another. It will also increase the speed of the transportation and reduce the cost regarding the process, from which Hong Kong benefited largely. It also advocates that free trade will be possible due to economic globalization. The free trade will reduce the cost of transportation and keep the level of price of the goods being sold, low. It will be beneficial for the consumers. The consumer surplus will rise because of this. The total welfare will also increase in both countries as the dead weight loss will reduce. It also increases diversity in economies as the connectivity increases over the borders, which is the case in Hong Kong. The works gets intensified due to globalization, which can result in reduction in job security for the employees of the country li ke Hong Kong, which possess high wage. According to Baylis, Smith and Owens (2013), it also hampers the work-life balance of the common people. Hence, it can be concluded that, economic globalization is not always about positive traits there are some negative impacts on the economy as well. Analysis: The economic globalization increases the market demand and supply for the domestic market for countries like Hong Kong. The situation can be depicted in the figure below: As shown in the figure above, the GDP growth rate of the country shows high rate in most of the parts after the year 2000. There are fluctuations in the economy of Hong Kong which otherwise shows high growth. The fluctuations have been caused by global crises or shortage in those economies with which Hong Kong is engaged in trade. It also affects the inflation rate of the country. Hence, it can be said that economic crises in other countries can affect the domestic economy during globalization. According to Beeson (2014), the rates show that the after effects of the Global Financial crisis of 2007 have decreased the growth rate of GDP of Hong Kong to negative in 2009. The Asian Financial Crisis of 1999 has also affected the countrys growth. It came below one percent during 2001 as an aftershock. The inflation rate which works as a backbone of an economy also followed the same trend during these periods of turmoil. The FDIs which the country received increased its cash recession perio ds. flow which helped the economy to come out of these This is how economic globalization helps economies grow. According to the ideas of Hirst, Thompson and Bromley (2015), it helps the producers to get to the point where they can make efficient use of the available resources. This can be possible when capital, factors of production and technology move across borders freely or with fewer barriers. This also demands more research and demand regarding the production process. It also ensures that comparative advantage regarding a product or service is achieved by economy of Hong Kong. The comparative advantages will help the countries in earning more profit in the open market. If the channels of economic globalization get corrupted, it can hamper the economic growth of both the countries. According to Rahimi and D'Costa (2014), it will also increase the cost of transferring the factors of production. This will result in an increased price for the goods. Hence, efficiency will not be achieved. The negative traits can also transfer easily du e to the openness of the economies. Conclusion: In conclusion it can be said that the economic globalization can help an economy in growing at a faster rate and come out of the economic stagnations. The foreign domestic investments, which comes through the economic globalization channels helps a country with the investments in various domestic economic sectors. There are negative effects of globalization as well. Economic globalization can increase the income inequality between two countries income levels. It can also increase the income gap in the country as well. One of the positive traits of economic globalization is efficient allocation of the available resources within the borders of the country. But it can also hamper the allocation process if there are any mistakes or corruption in the allocation process. As the research shows there are many negative impacts of economic globalization in the economy, the positive impacts stops the governments from ceasing it as it was in the case of Hong Kong. The critics of globalization sometimes suggests that it will be better for an economy like Hong Kong to look after its industries in autarky situation as it will help the country to operate in a globalized market. Bibliography: Baylis, J., Smith, S., Owens, P. (2013). The globalization of world politics: An introduction to international relations. Oxford University Press. Beeson, M. (2014). Regionalism and globalization in East Asia: politics, security and economic development. Palgrave Macmillan. Bowen, H. P., Baker, H. K., Powell, G. E. (2015). Globalization and diversification strategy: A managerial perspective. Scandinavian Journal of Management, 31(1), 25-39. Cetorelli, N., Goldberg, L. S. (2012). Banking globalization and monetary transmission. The Journal of Finance, 67(5), 1811-1843. 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(2014). Globalization and Economic Nationalism in Asia. Sassen, S. (2015). Losing control?: sovereignty in the age of globalization. Columbia University Press. Scott, A. (Ed.). (2013). The limits of globalization. Routledge. Sturgeon, T. (2013). Global Value Chains and Economic Globalization. Towards a New Measurement Framework. Report to Eurostat. Wijen, F., Zoeteman, K., Pieters, J., Van Seters, P. (Eds.). (2012). A handbook of globalisation and environmental policy: National government interventions in a global arena. Edward Elgar Publishing. Zajda, J. (2015). Globalisation and its impact on education and policy. In Second International Handbook on Globalisation, Education and Policy Research (pp. 105-125). Springer Netherlands. Zhibiao, L. (2013). Rethinking On the Second Wave of Chinas Economic Globalization Strategy [J]. Academic Monthly, 1, 015.

Analyzes the Strategic Environment of Babcock International

Questions: 1. Consider the strategic environment within which the organization operates using any conceptual framework that you think is appropriate. What are the industrys Critical Success Factors and what are some good Key Performance Indicators for the firm? 2. Draw the schematics of organization and then construct four scenarios that could help them improve their strategy over the next 20 years. Which strategic priorities do you recommend at the corporate level under each scenario? 3. Evaluate the existing and design the ideal future structure of the entire organization. Please justify your choice. 4. Identify areas in the value chain of the organization where slack resources could be salvaged to create incremental or radical innovations. Provide at least 3 such cases and describe the innovations. Answers: Executive Summary Strategic decision making is the main process of every organization. This report also discusses the strategic decisions that the Babcock International has taken to survive in this competitive environment. This report initially gives a brief detail of the organization and also analyzes the strategic environment of the organization. The report discusses that there are four values that Babcock focuses on that are value for people, value for shareholders, value for customers and value for service. The report discusses the level of strategies that Babcock utilizes; Corporate, functional, business and global strategies. The report also analyses the strength, weakness, opportunities and threat of the organization that helps the organization sustain in the competitive world. The critical success factor of Babcock is based on long term relationship and customer focused. Succession planning is the key focus of Babcock. Through this process, Babcock eliminates the confusion in the organization. Four different scenarios like sustainability issue, climate change, centralized controlled system and supply chain management scenarios have been analyzed. Then the report recommends to make the present process more systematic by implementing quality control that would help to focus on the above four issues that might be barrier to the organization. The report is concluded by giving a brief of overall discussion. Introduction Effectual strategic decision making of business brings the actual and appropriate resources at the right time for the right market. The decision making quality of an organization helps to gain benefits over the competitors in the market. This report identifies the decisions taken by Babcock international to survive in this competitive world. The report would discuss few scenarios that would help to understand the organization to improve the strategies. The report is concluded by giving a brief of overall discussion. Overview Of The Organization Babcock International Group is one of the leading companies of engineering support services of UK. Babcock, till now, has been delivering the critical assets to various sectors like education, telecommunication, defence, energy and transport by managing their crucial assets. They have around 28,000 skilled personnel who help to maintain, operate, manage, build and design the organizational assets for providing the best service to their customers both overseas and UK. Babcock is the most trusted partner for delivering the best services. This has helped the organization to gain the reputation. 1. Strategic Environment Of Babcock Babcock effectively manages their assets by ensuring their operational activities are aligning with the objectives of Babcock. They manage their asset portfolios by implementing proper technical skills and also encouraging flexibility in the accepting the changing needs. Babcocks business strategy focuses on four different values: Value for customer: Babcock works closely in partnership with the customers and also delivers their objectives in collaborate. Babcock tries to understand and identify the mutual interests and also meet the desired outcomes. Value for Service: By measuring the key metrics of the organization, they try to build the reputation of the organization and strong relationship with the customers. Value for People: Babcock covers various spectrum of apprenticeship training for developing the graduate professional. They have developed partnership with Strathclyde Business school and have also created a Babcock Academy which would help the professionals to enhance and refresh their skills, knowledge and attitude. Value for Shareholder: By using honest and open approach with the shareholders, Babcock have build the confidence in their shareholders that, investing in Babcock would give better returns as they are confident of meeting the profits and growth revenues. For example, people who have invested in Babcock have seen rise from 5.2pence to 62.2 pence earning per share in 2012-13 year. Conceptual Framework In order to understand the strategic environment of Babcock, the SWOT analysis and strategic level of Babcock would help to have thorough understanding of their strategies. Level of strategies: Corporate Level Strategy: The organization concentrated on the ability of the firm to emphasize on their specific businesses which maximizes the organizations profitability for long term. Babcock is able to maintain the long run profitability and also persist to grow in the engineering service industry as it produces its best to its customers and also innovates and improves its services and products. Business Level Strategy: This strategy encompasses the overall positioning in the engineering service market. Babcock is staying competitive in the market because of its various services, high quality services, cost leadership and diverse industry segment. Functional Level Strategy: This strategy is all about improving the organizations operations effectiveness. Babcock is employing this level of strategy within its service processes, marketing and support services. Thus for improving the customer services, the Babcock strives to characterize the highest and better quality service standards within the engineering support industries and thus in way tries to develop the good relationship with the customer around the globe. Global Strategy. This strategy focuses on the addressing the needs of the organization for expanding its operation in both international and domestic markets. Babcock is applying this strategy by expanding to UK, Brazil, Deutschland and Australasia. Swot analysis: Strength: The business model build by Babcock mainly focuses on business relationship The organization have a strong establishment towards research and development The Babcock International has strong features towards the customers through satisfaction, dependability and quality for receiving greater customer loyalty. The organization mainly focuses on the brand image and brand trust. The market position of the organization is also very strong as it is one of leading engineering support services in UK with revenue of 3.5bn in 2014. Weakness: In this industry there is less bargaining power of customers and suppliers. This reduces different possibilities for controlling in the future. As the organization focuses on diverse industries, it may highly depend of the raw material. This increases the risks against fluctuations of price. In order to remain competitive in the industry, Babcock focuses on high R D, which requires skilled engineers. Thus this organization is likely to face issues related to recruitment of highly skilled engineers. Opportunities: Increasing strategic partnerships, mergers and acquisitions and clusters would help Babcock to develop large companies so that the organization can engage in various innovative activities and RD process for improving economies of scale. The use of latest technology and high energy efficient solutions can improve their services and also reduce the cost of production and innovation. Threat: The rapid demographic changes and skills shortages are creating barrier in the engineering support industry. Critical Success Factors Babcocks critical success factor is based on long term relationship and customer focused. They are working in collaboration with their customers to support better services. They have planned 5 year extension with the Canadian Government for supporting the Class submarines of Victoria. They also have an integrated engineering system and also better technical expertise which help Babcock to deliver better projects. It has around 2500 qualified engineer in their Marine division and also it is the largest nuclear service organization of UK (Babcockinternational.com, 2015). Key Performance Indicators Succession planning is the key focus of Babcock. Through this process, Babcock eliminates the confusion in the organization. This helps Babcock to align their strategic goals and also their human resources for enabling the right people at the right time in the right place for achieving the better business results. This helps the individuals to realize their career plans in the organization. Further, by providing leadership stability, they are able to sustain high public services and also are able to make sure uninterrupted service delivery (babcockinternational.com, 2013). 2. Schematics Of Organization Four Scenarios Identification of the four issues Babcock International Group can face these four scenarios over the next 20 years. The exogenous events that can impact Babcock have been discussed. The factor that has been focused on includes issues related to sustainability, implementation of a centralized control system in the organization, stabilizing the relationship with the sub cons tractors by supply chain management. 1. Scenario 1 Climate Change Climate change can be a major issue affecting the engineering firm in the next 20 years. The crucial need of the engineering concern is to adapt to the changing conditions of the climate. Climate change will threaten the economy as well as the infrastructure. A holistic approach has to be taken by the engineering organizations to mitigate the harmful effect of climate change on their economy. Strategic Priorities Innovation in the field of engineering is necessary to address to the changing needs of the climate. The issue of climate change can be addressed in two ways dealing with the long term effects of climate change and dealing with the energy issues that can arise as a result of climate change (climatenorthernireland.org.uk, 2015). 2. Scenario 2 Sustainability In the next 20 years, sustainability can be a major issue affecting the engineering organizations. Babcock can face the same issue. The engineering companies have to respond to a range of pressures and expectations by developing a business strategy which is sustainable. Strategic Priorities The companies can address the issues by actively engaging themselves with the range of stake holders to understand the risk and opportunities of the business. The engineering concern must not limit itself to a compliance driven approach as they will miss the wider opportunities that sustainability presents (Constructingexcellence.org.uk, 2015). 3. Scenario 3 Supply Chain management - Relationship with the sub-contractors The engineering firms in UK are under constant pressure for the improvement of the margins and the reduction of the costs. This will help them to improve the predictability. It is essential to resolve the disputes with the strategic suppliers. Strategic Priorities Management of supply chain is crucial for the success of the organization. Babcock should motivate their contractors to become pro-active. They must be innovative in maintaining relationship with the supply chain (Industry issues, 2015). 4. Scenario 4 Implementation of centralized control system Babcock provides engineering support service to the defense, energy, telecommunication, transport and education sector. It provides critical support to a range of sectors. Strategic Priorities It is essential for Babcock to implement a centralized control system so that all the sectors can be managed efficiently. This will make the process of work flow smoother. Babcock will be able to provide enhanced service to the customers over the range of sectors. 3. Future Structure Of Babcock The current business structure of the organization aims at value maximization of the organization (Babcockinternational.com, 2015). They operate in a complex business environment and operate through output based contracts. They develop innovative engineering and support solutions to ensure that the customers achieve maximum efficiency. They ensure professional development for the employees by creating a safe working environment for the employees. The organization creates value for the customers by building long term collaborative relationship (Babcock International Group PLC Annual Report and Accounts 2014, 2014). Ideal future business structure for Babcock International Group plc The new business structure of Babcock International Group Plc will be include a quality assurance and control program for all the projects that has been undertaken by the firm. The services that are provided by the organization will be reviewed periodically in order provide services that are free from error. A systematic manner will be adopted for reviewing the structural elements of the business. Addressing the key environmental issues will be the major plan of the organization. Climate change is a major issue faced by the organization. The organization will address the issues of climate change. The organization will implement an integrated database management system for tracking the flow of information within the organization. There will be conceptual planning to turnover. There will be a project management team that will provide range of services including meeting the client needs, administration of contract and construction review. The project management team will be involved in providing new facilities to the business, renovations and repairs and remodeling of the business. The engineering services at Babcock will be supported by forensic engineering services to identify the causes of the failure of the organization. 4. Value Chain Of The Organization The value chain of an organization is as shown below: Source: (Walters and Rainbird, 2004) Radical innovation is the major source for gaining better competitive advantage in the firm. The radical innovation demands a reconfiguration of capabilities and skills of Babcock. Thus, Babcock need to create radical innovation by mobilizing their extra resources and increase novel capabilities, develop new markets and incorporate new technologies (Troilo, De Luca and Atuahene-Gima, 2013). Since, Babcocks success mainly focuses on technology expertise, human resources and also sales of the organization. They are the most important slack resources that the organization needs to focus on for better performance of the organization. Case 1: Technology Development Babcocks main strategy should be to help the clients to change the innovative performance by combining the knowledge of technology of various expertises in the creation of product or service, strategy, development of the organization and also development of the technology process. Babcock should innovate, new footprint methodology that would diagnose the risks and barriers against the successful delivery of services and products. This would ensure that the organization is able to align the operating models and its RD with different teams of the organization and offer processes and tools for accelerating the delivery and also time to market for meeting the needs of the customers (Qi, Shen and Dou, 2013). Further, in order to use the latest technology and improve their technological expertise, Babcock needs to use open innovation which would help to create clear approach and deliver productivity gains and growth opportunities. Case 2: Human Resources Customer Satisfaction, profitability, productivity and quality largely depends on the staff motivation, coordination and training. However, inadequate management of people may hinder the overall process of Babcock. Thus, to stop this hindrance, Babcock need to implement few HR technologies that would help to emphasize on their collaboration with the employees and also give clear picture to the employees about their performance (Jianwu and Xiangqian, 2013). Like, Featherlight, this will help the Babcock employers to manage one-to-one meetings, real time performances of the employees and also help the employees towards continuous learning. Further, for making the performance review more effective, Babcock can use Weekdone application that would help the managers of Babcock, to monitor the challenges, accomplishments and goals of the organization (Huhman, 2014). Mentoring is also another process which, Babcock needs to implement in their process. It is a powerful tool that would facilitate knowledge transmission and retention in the enterprise. This would help to increase the satisfaction level and also increase the commitment and staff retention of the company. Since, Babcock already focuses on the development of their employees by partnering with the schools, the organization need to continue with this process, as there are circumstances like communication gap, dissatisfaction of job and labor disputes need can hinder the objective of the organization. Thus, Babcock should assess and evaluate the problems and conflicts for strengthening continuous improvement. Case 3: Marketing and sales Babcock International, should focus on their Unique Selling proposition. The organization should emphasize on how the offerings are benefiting the customers, are the offerings satisfying the needs of the customers and also understand their perception about the services of Babcock. Further, the organization should also focus on the promotional activities that would help the organization to expand overseas (Harden and Heyman, 2011). For this, the organization should measure the return on investment and also measure the sales lead cost. Also, the organization should use the latest sales tools that would help the organization to improve their performance in future. Conclusion In conclusion, this report highlights the strategic environment of Babcock. It is analyzed that the strategies of Babcock, mainly emphasizes on value for their customers, shareholders, people and services. To, analyze the strategies further, report implements the level of strategies and also SWOT analysis. The report analyzed that the customer based business relationship and succession planning are the critical success factor and key performance indicator of Babcock International. Four different scenarios like sustainability issue, climate change, centralized controlled system and supply chain management scenarios have been analyzed. Then the report recommends to make the present process more systematic by implementing quality control that would help to focus on the above four issues that might be barrier to the organization. Before, the report highlights the radical innovations for Human resources, technology development and marketing and sales that would help to salvage the slack r esources of value chain. References Babcock International Group PLC Annual Report and Accounts 2014. (2014). 1st ed. [ebook] pp.1-15. 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