How Sequestration and Mandatory Federal Spending Cuts Work

How Sequestration and Mandatory Federal Spending Cuts Work Sequestration is the central governments method of applying required spending cuts across most projects and organizations during the planning procedure. Individuals from Congress use sequestration to diminish spending no matter how you look at it when the administrations yearly shortage arrives at a point that is unsatisfactory to them. Congress forced spending tops on optional segments of government spending through 2021, a move that was intended to spare citizens about $1.2 trillion over almost 10 years. Sequestration Definition The Congressional Research Service characterizes sequestrationâ this way: All in all, sequestration involves the perpetual abrogation of budgetary assets by a uniform rate. Besides, this uniform rate decrease is applied to all projects, tasks, and exercises inside a spending account. Be that as it may, the current sequestration methodology, as in past emphasess of such strategies, accommodate exceptions and uncommon standards. That is, certain projects and exercises are absolved from sequestration, and certain different projects are administered by exceptional principles with respect to the utilization of a sequester. Whats Affected By Sequestration At the point when Congress utilizes sequestration, spending slices happen to both military and non-military spending, including significant social projects, for example, Medicare. The majority of the obligatory spending cuts originate from non-military organizations and projects in the branches of Agriculture, Commerce, Education, Energy, Environmental Protection, Health and Human Services, Homeland Security, NASA and Transportation. Whats Not Affected by Sequestration A few projects - most eminent those for senior residents, veterans and poor people - are excluded from sequestration cuts. They incorporate Social Security, Veterans Affairs, Medicaid, food stamps and Supplemental Security Income. Medicare, be that as it may, is dependent upon programmed cuts under sequestration. Its spending can't be decreased by in excess of 2 percent, be that as it may. Additionally absolved from sequestration are congressional pay rates. So despite the fact that government works are furloughed or laid off to set aside cash, chose authorities despite everything get paid. Sequestration History Imposing programmed spending cuts in the government financial plan was first set up by the Balanced Budget and Emergency Deficit Control Act of 1985. Sequestration is seldom utilized, be that as it may, in view of the negative outcomes extreme spending cuts have on projects and administrations for residents. In any event, when Congress utilizes sequestration, it does as such as a political device to compel willfully spending decreases and frequently doesnt permit the full slices to produce results. Current Examples of Sequestration The latest sequester was utilized in the Budget Control Act of 2011 to urge Congress to decrease the yearly shortfall by $1.2 trillion before the finish of 2012. At the point when administrators neglected to do as such, the law activated programmed spending slices to the 2013 national security financial plan. A super Congress comprised of a select gathering of 12 individuals from both the U.S. Place of Representatives and U.S. Senate was picked in 2011 to distinguish approaches to pay off the national obligation by $1.2 trillion more than 10 years. The super Congress neglected to agree, notwithstanding. The sequestration cuts forced in the 2011 enactment produced results in 2013 and proceed through 2021. Restriction to Sequestration Pundits of sequestration state spending slices undermine national security through Defense Department decreases and damage the economy since government works are regularly furloughed or laid off. These slices will make it harder to develop our economy and make occupations by influencing our capacity to put resources into significant needs like instruction, exploration and advancement, open wellbeing, and military preparation, said President Barack Obama, who was in office when the sequestration cuts of 2013 produced results.

The Black Model for Interest Rate Derivatives Essay

The Black Model for Interest Rate Derivatives - Essay Example In the course of the last two and half decades, money has encountered enormous and energizing improvements particularly regarding subordinates markets. One reason clarifying the possibility of enormous and energizing improvements inside budgetary part is the way that both hedger and theorists inside money related markets think that its alluring to exchange derivate explicitly resources instead of exchanging on the benefits themselves (Gupta and Subrahmanyam. 2005). Improvement of subsidiaries is considered as one of the best forthcoming inside capital markets (Brigo and Mercurio 2001). Inside subsidiaries, there are three fundamental brokers; hedger, examiners, and arbitrageurs. Utilization of subsidiaries inside monetary markets helps in taking out or lessening hazard related with the variances in the costs of advantages. Diagram and Development of Black Model Financial markets have encountered an expansion in the loan fee unexpected cases that incorporate among others tops, swaptio ns, security alternatives, contract sponsored protections, just as inscriptions. The fundamental issue anyway that is right now experienced is the improvement of compelling and proficient instruments for esteeming such unexpected cases. Various models have been created and utilized trying to locate the best and best one. In any case, there has been impassion among dealers on the model powerful and productive enough to help in estimating, controlling, and oversight of loan fee dangers. Body (234) distinguishes Black-Scholes Model as a significant advancement is valuing of different investment opportunities. During the mid 1970s, Fischer Black, Myron Scholes, and Robert Merton built up a model that can be utilized viably and effectively in evaluating investment opportunities (Hull p234). What's more, Clewlow and Strickland (2000) affirm that Black Model has been much of the time utilized in esteeming bond alternatives because of its viability and proficiency. Dark Model obtains widely from the Black-Scholes Model (Black, 1976). As a matter of fact the previous is an augmentation and change of the last mentioned. Dark Model for estimating investment opportunities accept that the estimation of a loan fee, bond cost, or different factors at a given time is future follows a lognormal appropriation. One reason that required the augmentation and alteration of the Black-Scholes Model to Black Model is the trouble experienced in esteeming loan fee subsidiaries instead of esteeming outside trade subsidiary (Hull p508). The trouble is experienced because of various reasons, for example, inconveniences inside the conduct of individual loan fee when contrasted with stock costs of trade rates (Hull p508). Moreover, there has been the need to build up a model that will help in assessing the conduct of the whole derivate including the zero-coupon yield rate. Therefore, Black Model was created, which determines the vast majority of its presumptions from the Black-Scholes-Merton differential condition that speaks to the model. For example, the model expect that there are no value-based expenses of assessments engaged with applying the model to esteem investment opportunities (Black, 1976). What’s more, the model expect that there are no profits gotten during the derivatives’ life combined with realities that mediate open doors are named as riskless. In this model, another significant supposition that will be that the pace of hazard free intrigue is steady and equivalents

Benefits of Struggling

Benefits of Struggling A man found a cocoon of a butterfly. One day a small opening appeared, he sat and watched the butterfly for several hours as it struggled to force its body through that little hole.Then it seemed to stop making any progress. It appeared as if it had gotten as far as it could and it could go no farther. Then the man decided to help the butterfly, so he took a pair of scissors and snipped off the remaining bit of the cocoon. The butterfly then emerged easily.But it had a swollen body and small, shriveled wings. The man continued to watch the butterfly because he expected that, at any moment, the wings would enlarge and expand to be able to support the body, which would contract in time. Neither happened!In fact, the butterfly spent the rest of its life crawling around with a swollen body and shriveled wings.It never was able to fly.What the man in his kindness and haste did not understand was that the restricting cocoon and the struggle required for the butterfly to get through the ti ny opening were Gods way of forcing fluid from the body of the butterfly into its wings so that it would be ready for flight once it achieved its freedom from the cocoon.Sometimes struggles are exactly what we need in our life. If God allowed us to go through our life without any obstacles, it would cripple us. We would not be as strong as what we could have been.And we could never fly.Author Unknown

Lord Of The Flies By William Golding - 864 Words

Civilization has been mankind’s attempt to quell the natural savagery that most humans hold. However, civilization is imperfect and will often get destroyed once the natural savagery of humans finds no limits and there is not enough that is done about disobeying of rules and order. The conflict may stay at a stalemate for some time, but eventually the savagery of humans will eventually win out. In Lord of the Flies, William Golding uses the conflict between Ralph and Jack to show that when savagery and order conflict with each other, savagery will usually win out over order in the long run. Savagery usually is proportionally larger than order by sheer size and will usually overpower order and civility. Even though order may start off as overpowering savagery more, people will end up turning to savagery once they realize that order has failed and is restrictive. As seen in Lord of the Flies, most of the kids, including Ralph and Jack, are on the side of order and order outnumbers savagery. Later on in the novel, Jack eventually starts his own group that is full of savagery, which eventually leads to most of the kids acting savagely. The main reasons were that Jack felt that order was a waste of time and it hindered progress and that there was no deterrent to not follow order. Ralph was eventually the only person left who believed in order on the island, showing that Jack, representing savagery, had overpowered order completely. Order is a human construct which will only lastShow MoreRelatedLord Of The Flies By William Golding869 Words   |  4 PagesLord of the Flies Ps ychology Sometimes people wear fake personas like a cloak over their shoulders, used to hide what is really underneath. This harsh reality is witnessed in William Golding’s classic Lord of the Flies, a novel that is famous for not only its sickening plot, but also for the emotional breakdowns all of its characters experience. These issues are akin to those shown in certain real-world psychological experiments. A summary of Golding’s Lord of the Flies, combined with the evidenceRead MoreThe Lord Of The Flies By William Golding1347 Words   |  6 Pages The theme of The Lord of the Flies, by William Golding, is the reason society is flawed is because people are flawed. Although Piggy is knowledgeable, he has many flaws including his laziness and physical inabilities. Ralph is an authority seeker. He sets rules and laws, yet does little to enforce them. Ralph wants to be the ruler, without doing the work to enforce his laws. Jack is persistent. He is rude, harsh and violent in or der to get what he wants. He wants to be supreme. Piggy’s flaws areRead MoreLord Of The Flies By William Golding1123 Words   |  5 PagesIn the novel Lord of The Flies by William Golding, the characters Ralph, Piggy, and Jack represent important World War II leaders Franklin Roosevelt, Adolf Hitler, and Winston Churchill. Golding, who had served in World War II, was well aware of the savagery created, and used it to base his book on. Ralph represents Franklin Roosevelt , Jack represents Adolf Hitler, and Piggy represents Winston Churchill. Ralph being of the novel’s main protagonist is important in the outcome of the story becauseRead MoreThe Lord Of The Flies By William Golding1065 Words   |  5 PagesThe Lord of the Flies Essay The Lord of the Flies written by William Golding and published on September 17, 1954 is a story told about a group of stranded boys and their fight for survival against the wilderness and themselves. In this story many signs of symbolism are used by Golding to point out certain aspects of society that Golding thought strongly of. This story on first read may just seem to be a survival- esque piece of literature but, on a deeper look one can find Golding’s true motiveRead MoreLord of The Flies by William Golding619 Words   |  2 PagesGovernments are no different; they fight for power just like the rest of us do. They just do it on a much bigger scale. Qualities from Oligarchy, Totalitarianism, Democracy, Dictatorship, and Anarchy governments are used in several parts of Lord of The Flies that represent different characters and different situations. An Oligarchy is a small group of people having control of a country or organization. A Totalitarianism government is a form of government that permits no individual freedom and thatRead MoreThe Lord of the Flies by William Golding1306 Words   |  5 PagesIn The Lord of the Flies, William Golding creates a microcosm that appears to be a utopia after he discharged from the British Royal Navy following World War II. After an emergency landing, Golding places a diverse group of boys on the island that soon turns out to be anything but utopia. The island the boys are on turns out to be an allegorical dystopia with inadequate conditions (Bryfonski 22). The boys reject all lessons they learned from their prior British society, and they turn towards theirRead MoreLord of the Flies by William Golding932 Words   |  4 Pagesdiscussing two particular themes from a novel called Lord of the Flies by William Golding. Lord of the Flies was written in 1954 after World War II. Ruler of the Flies is a purposeful anecdote about something that many readers can’t really describe. Individuals cant choose precisely what. Its either about the inalienable underhanded of man, or mental battle, or religion, or personal inclination, or the creators emotions on war; however William Golding was in the Navy throughout World War II, or perhapsRead MoreLord Of The Flies By William Golding1383 Words   |  6 PagesAccording to Lord of the Flies is still a Blueprint for Savagery by Eleanor Learmonth and Jenny Tabakoff, the words â€Å"I’m afraid. Of us† first appeared in Golding’s novel 60 years ago. Lord of the Flies by William Golding follows a group of schoolboys trapped on an island after a plane crash during a world war. At the beginning, they celebrate as the y have total autonomy as there are no adults around. They attempt to establish a civilization but when order collapses, they go on a journey from civilizationRead MoreLord of the Flies, by William Golding1055 Words   |  5 Pages In William Goldings Lord of the Flies a group of English school boys crash land onto an uninhabited island somewhere in the Mid Atlantic ocean. Ralph, the protagonist and also the elected leader, tries to maintain peace and avoid any calamity on the island. However, Jack is neither willing to contribute nor listen because he is jealous of Ralph and has a sickening obsession with killing boars. Ralph has some good traits that help him maintain peace and balance for a period of time. He is charismaticRead MoreLord Of The Flies By William Golding Essay1475 Words   |  6 Pages Outline Introduction Short intro for Lord of the Flies Short intro on Gangs The bullying and group mentality demonstrated in gangs has resemblances to the characters in Lord of the Flies. II. Bullying/Group mentality Gangs Drugs/Loyalty B. Lord of the flies Jack kills the pig/Jack and Ralph fight III. Effects B. Lord of the flies Jack killing the pig aftermath Violence IV. Conclusion Gangs are considered a group of people that have a common link together

Spotting Parts of Speech With a Reading Lesson

Reading can be used to help students practice their recognition skills of the eight parts of speech in English, as well as different types of important structure such as titles, headings, bolding, and italics. Another important skill that students should develop while reading is the ability to spot synonyms and antonyms. This beginning to lower-intermediate lesson provides a short reading selection from which students should extract examples of parts of speech and writing structures as well as finding synonyms and antonyms. Aim: Learning to recognize specific parts of speech, increasing vocabulary through the use of synonyms and antonymsActivity: Short reading selection from which students extract examplesLevel: Beginner to lower-intermediate Outline Check understanding of parts of speech, as well as structural elements as a class. Use an exercise book, or other reading materials as available.Ask students use the short reading selection to spot the various parts of speech, as well as synonyms and antonyms suggested.Correct in class.Expand the exercise by asking students to provide more synonyms and antonyms. Spot the Words and Phrases Fill in the worksheet below spotting the requested word, phrase or larger structure. Heres a quick review to help you complete the task: Noun - objects, things, and peopleVerbs - what objects, things and people DOAdjective - words that describe objects, things, and peopleAdverb - words that describe how, where or when something is donePrepositions - words that show relationships between thingsSynonyms - words that mean the sameAntonyms - words that mean the oppositeTitle - name of a book, article or story My Friend Mark by Kenneth Beare Mark’s Childhood My friend Mark was born in a small town in the north of Canada called Dooly. Mark grew up a happy and interested boy. He was a good student in school who studied carefully for all his exams and got very good grades. When it came time to go to university, Mark decided to move to the United States in order to attend the University of Oregon in Eugene, Oregon. Mark at University Mark enjoyed his time at university. In fact, he enjoyed his time immensely, but he didn’t really spend the time studying for his courses. He preferred to travel around Oregon, to visit all the sites. He even climbed Mt. Hood twice! Mark became very strong, but his grades suffered because he was lazy. During his third year at university, Mark changed his major to agricultural studies. This turned out to be a very good choice, and Mark slowly began to get good grades again. In the end, Mark graduated from the University of Oregon with a degree in agricultural sciences. Mark Gets Married Two years after Mark graduated, he met a wonderful, hardworking woman named Angela. Angela and Mark fell in love immediately. After three years of dating, Mark and Angela married in a beautiful church on the coast of Oregon. They’ve been married for two years and now have three lovely children. All in all, life has been very good to Mark. He’s a happy man and I’m happy for him. Please find examples of: the author’s namea titlea sentencea paragraphthree nounsfour verbstwo adjectivestwo adverbsthree prepositionsan exclamationa synonym for â€Å"too relaxed†an antonym for â€Å"to leave school†an adjective which is a synonym for â€Å"powerful†an adverb which is an antonym of â€Å"slowly†a verb which is a synonym for â€Å"go to school†a noun which is a synonym for â€Å"test†a verb which is an antonym for â€Å"go down†a noun which is a synonym for â€Å"diploma†an antonym for the adjective â€Å"awful†an antonym for the adjective â€Å"sad†a synonym for the verb â€Å"to go out with a girlfriend or boyfriend†

Missouri Compromise of 1820 †Kansas-Nebraska Act Free Essays

In the forty years leading up to the Civil War, the United States Congress did its best to enact a number of different pieces of legislation that were all designed to regulate the budding issue of slavery in so called â€Å"border† states. In places like Kansas and Missouri, there was no clear cut answer to the slavery question. In fact, the discussion went on for decades in these two states. We will write a custom essay sample on Missouri Compromise of 1820 – Kansas-Nebraska Act or any similar topic only for you Order Now Starting with the Missouri Compromise of 1820, Congress made it clear that they would take all necessary measures to bring an accord between pro-slavery states and those who opposed it. The aptly named compromise mandated that slavery couldn’t take place anywhere north of the Louisiana Territory, except for the area of Missouri, where slavery would be allowed. The congressional legislation continued in 1850, when a series of laws was put into place in order to keep balance between the slave and free states. Called the Compromise of 1850, the primary objective of this legislation was to bring California into the union as a free state, in order to shift the balance between the two sides. The Kansas-Nebraska Act of 1854 continued this long line of legislation and put more control of the issue in the hands of the people. It established the two states and let the people their make their own choice on the matter of slavery. These three laws were extremely important in helping to establish the distinct party lines on the issue of slavery and set the stage for the conflict that eventually led to the Civil War. These acts had varying levels of significance and success, depending upon who one might be asking. This essay will address the impact of each act on the development of the United States as a whole during a time when tempers were flaring and spirits were high. The Missouri Compromise of 1820 was one of the most important pieces of legislation to come about during the time leading up to the Civil War in the United States. Both the House of Representatives and the Senate struggled immensely with this compromise because they could not come to a working accord on the matter. The fact that the various factions that had control over congress held vastly different opinions on slavery did not help matters in the least bit. In short, people from the South had a vested financial interest in keeping slavery alive, while those people in the North had a similar financial interest in getting rid of slavery. In a way, it was all a song and dance done in order to keep the idea of control in place for both sides. Specifically, the Missouri Compromise of 1820 did a couple of things which had a huge impact on the country and made necessary the legislation that would soon follow. During that time, the Missouri Territory was close to becoming a state, but a great debate raged on about what kind of state it would ultimately become. Since the proposed Missouri state was a gateway to the west and was an important addition to the growing country, each side wanted to get their hands on the state. Though the immediate result of the compromise was that it brought another large slave state into the union, the more important and overlying impact was that it split the country into two halves. Above the state of Missouri, there could not be any more slavery. That meant that Missouri would become something of a battleground state and it also meant that the lines were now clearly drawn. It was the North against the South and there was that anyone could do to change that after the fact. Even great American thinker Thomas Jefferson knew that the creation of a slave state in Missouri would go a long way to ripping the Union in pieces. He wrote to John Holmes and said, â€Å"A geographical line, coinciding with a marked principle, moral and political, once conceived and held up to the angry passions of men, will never be obliterated; and every new irritation will mark it deeper and deeper† (Jefferson). That rhetoric was ultimately an omen for what was to come for the United States. Though it would be another four decades before the country would go to war, the creation of Missouri as a slave state opened the door for even more unreasonable discourse and further legislation. While the Missouri Compromise was one single piece of nation changing legislation, the Compromise of 1850 was a series of laws that had a similarly large effect on the country. It was clear with these laws that Congress was trying to do everything in their power to make sure that the country did not go to war. Though it would eventually be imminent, there was some thought in 1850 that the Union could be saved without the nation having to go through a debilitating Civil War. The Compromise of 1850 did a lot to help bring the nation together, although it could be said that the effort was too little and too late. California was ready for statehood at this point and it brought that state into the Union as a free one. Like all compromises, this one was two sided, though. It also did much to help improve the prospects of the slave holding southern states. Though the series of laws did away with the slave trade in the U.S., it did establish a law that would help slave owners to bring their slaves back. The Fugitive Slave Act was a strong measure that required all people to help in this effort. If the nation’s history was a sentence, this compromise could certainly be used as a semi colon. It put aside some of the tensions that both sides had and it also had some people convinced that a solution was on the horizon. Though it might have looked like a step in the right direction, it appears in hindsight that this bunch of laws was nothing more than a pause between the tenuous situation leading up to 1850 and the Civil War, which came a mere eleven years later. Still, this was a positive measure for the country in that it did attempt to do something to rectify the situation. It was not the last series of laws aimed at doing this, though, as the Kansas-Nebraska Act a few years later was also important. Whatever good will was built during the Compromise of 1850 was certainly smashed to pieces with the events that led up to the Kansas-Nebraska Act of 1854. This act started out as a good thing, but quickly deviated from that plan. Initially, it was passed in order to help open up the Western area of the United States for exploration by white settlers. It helped to establish Kansas and Nebraska in that area. Still, the more important point is that this act gave the people of those territories the right to choose whether or not they would have slaves or not. This was a step in the right direction for those people who felt strongly for states’ rights, but it failed to serve as a solution for a nation that genuinely needed answers to their questions. The people of the United States, at that time, had no way of making such a decision by themselves. In fact, the political positioning and jockeying that went along with this act was a negative byproduct that the writers of such an act could have never imagined in the beginning. The Kansas-Nebraska Act also did away with the Missouri Compromise of 1820 and with that, did away with any progress that the act had established during that time. From this important act came the American ideal of â€Å"Popular Sovereignty†, which was truly a people based system that put all of the power in the hands of the states’ residents. Most historians feel that this law did not achieve its desired impact and it really had a negative effect on the Union. This law pleased those from the South, while it angered Northerners, who felt that such a law was in favor of slavery. This event marked one of the last straws leading up to secession and eventually, the Civil War. Because of it, the North felt that they could no longer trust the Southerners in power and because of that, there was no turning back. These three acts happened over the course of many years, but they were all intertwined and all had a profound impact on the changing dynamic of the United States prior to the Civil War. Congress was clearly grasping at straws, and although their motives may have been pure in regards to writing the laws, the intended meaning did not hit the mark. The Missouri Compromise drew lines between the two sides for the first time and gave each section of the country its own identity. That was a pre-cursor to war, but it certainly was not the thing that caused the nation to battle itself. The Compromise of 1850 sought to dissolve the tension that existed and was put into place by the Missouri Compromise, but it really did not do enough to cause any real, noticeable change in the Union. It did create a little bit of good will and promote some camaraderie between the two sides, however, which was a positive thing at the time. Unfortunately, all of that positive momentum was destroyed in the few years that followed the writing of the 1850 Compromise. The Kansas-Nebraska Act was sloppy and did not take into account what people from the North might think about the dissolution of the previous laws. In short, it became a dividing force that pushed a country apart as it was just about to come together. All of these events were representative of the struggle faced by the Union during the time that they were written. Even the most influential and smartest people of American society were not able to write laws that could bring a country together when the fundamental problems were ripping at its core. Works Cited Jefferson, Thomas. 22 April 1820. Thomas Jefferson to John Holmes. http://www.loc.gov/exhibits/jefferson/159.html          How to cite Missouri Compromise of 1820 – Kansas-Nebraska Act, Essay examples

Competitiveness and Interregional System †Free Samples to Students

Question: Discuss about the Competitiveness and Interregional System. Answer: Introduction: Dominos is the worlds one of the largest pizza chain restaurant. The company was originated in year 1960 by James Monaghan and Tom Monaghan. Dominos headquarter is situated in US and it is widely expanded to around 6000 international locations. The company has its specialization in pizza due to which it is famous world-wide (Baroto, Abdullah, and Wan 2012). The purpose of selecting Dominos is that the financial statements of the company shows that it gains an optimum amount of profit; which demonstrates that the company has an efficient business model in it workings. Also the company soon became the choice of the society by creating quality products and providing well-organized delivery services. As the mission of the company suggests that they want to provide quality services to the customers outside their geographical boundaries. The company is highly flourished in the market due to its service providing techniques. The company aims to provide door to door services its customers. However, this technique is used by many other companies existing in the same industry, but they are unable to satisfy the needs of the customers. Also the company has gained the market capitalization by using innovative its business model (McGrath 2013). With the aid of efficient business model the company achieved greater satisfaction among the employees and wider customer base as well. The business of the company included the following steps with the help of which the company achieved the current value added position. Initiation: dominos analyzed its traditional business model and looked after the market aspects which the company can use to grow. The company examined all the factors prevailing in the market that can reduce the growth of the company (Walker, and Madsen 2016). Ideation: after gaining optimum knowledge about its products and the market under which the company is prevailing, they invented techniques and producers to innovate the business model. The company invented the business model after concerning the product and the market specifications. Integration: in the process of titration the company examined all the factor affecting the growth of the business and further considering that the integrate business model would positively affect the shares of the company and help it achieve its objectives. Further dominos initiated innovation in its business model. The company used 30 minutes delivery services and integrated it with the business model in such a way that it assists the company in gaining the competitive edge in the market. The process of integration helped the company in applying all the resources in the business model to achieve the objective defined (McGrath 2013). Implementation: implementation refers to the end procedure used by the company in gain the market share and a huge customer base in the competitive environment. Further, the company implemented the new and innovative business model in such a way so that the customers expectations are fulfilled. Wal-Mart Stores, Inc. Walmart is an America based multinational retailing store which holds its business worldwide in the international market. The company has many hypermarkets, grocery stores and discount department stores. Walmart has 11, 695 stores worldwide, having its business in 28 countries under the 63 banners. According to fortune global 500 lists by far the company generates highest revenue worldwide that is of approximately $480 billion. The reason for choosing Wal-Mart is clear that the company has excelled in its business and is growing with maximum speed. Along with local the company equally operates in the international market by making the product global (Hesterly, and Barney 2010). Further the business model with the help of which the company achieved excellence in the market is discussed below: The company applied the CAGE framework effectively due to which the company became successful internationally. The company initiated the CAGE framework in the following ways: Cultural Dimension: the cultural dimension of this framework includes difference language, ethnicities; social networks etc. the company created profit by using the cultural dimension of this framework. As Wal-Mart is renowned worldwide, due to which the international customer sensed trust and satisfaction by using the services of the company. As the company was having social networks and business functions globally, due to which they easily established themselves in the international market without facing the language or culture barrier. Apart from that management always pays attention on the values and belief of the society in which they are working (Ghemawat, Llano, and Requena 2010). Administrative Distance: the administrative distance includes difference in currency, trading bloc, colonial ties. The company overcomes the difference of administration by developing various strategies to resolves such issues. Along with that the company employed efficient people having adequate knowledge of the market in which the company is prevailing; due to this the company enjoyed growth as well. Initially the company expanded is business in the neighboring countries only due to which they grew and experienced the international market tactics as well. Further after having experience they initiated its admiration in other international market achieved success (Ghemawat, 2011). Geographical Distance: the geographic distance of CAGE framework includes physical distances, different time zones, difference in climatic conditions etc. The company managed to overcome the geographical differences by adapting the traditional techniques used by the companies to survive in the particular market. Further the company. Physical distances were resolved with the acceptance of e-commerce in the business (Tian, et. al., 2014). Environmental differences and time zone issues were resolved by inaugurating warehouses in the places nearby the market where the company is situated. Economic Distance: economic distance in the cage framework includes differences in the distribution in a country, cost of resources (financial or natural), infrastructure etc. The company Wal-Mart used its efficient human resource to initially establish themselves in the new cultural environment (Ghemawat, 2011). The company resolved the economic distance by gaining optimum knowledge about the market and utilizing them in such a way to gain organizational objective. References Tian, D., Chen, Q., Li, Y., Zhang, Y.H., Chang, Z. and Bu, X.H., 2014. A mixed molecular building block strategy for the design of nested polyhedron metalorganic frameworks. Angewandte Chemie International Edition, 53(3), pp.837-841. Ghemawat, P., 2011. The cosmopolitan corporation. Harvard Business Review, 89(5), pp.92-99. Ghemawat, P., 2011. World 3.0: Global prosperity and how to achieve it. Harvard Business Press. Ghemawat, P., Llano, C. and Requena, F., 2010. Competitiveness and interregional as well as international trade: The case of Catalonia. International Journal of Industrial Organization, 28(4), pp.415-422. Walker, G. and Madsen, T.L., 2016. Modern competitive strategy. McGraw-Hill Education. McGrath, R.G., 2013. The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press. Hesterly, W. and Barney, J., 2010. Strategic management and competitive advantage. Pearson, ed., Pearson Prentice-Hall. Baroto, M.B., Abdullah, M.M.B. and Wan, H.L., 2012. Hybrid strategy: a new strategy for competitive advantage. International Journal of Business and Management, 7(20), p.120.

Market Metrics

Table of Contents Introduction Business environment Business review Assessing sales growth Conclusion Recommendation Reference List Introduction Organisations can incorporate different categories of marketing metrics in an effort to appraise their performance. Examples of such metrics include customer-based and traditional marketing metrics. Some of the traditional marketing metrics include market share, customer satisfaction, sales growth, customer loyalty, and ad awareness.Advertising We will write a custom essay sample on Market Metrics specifically for you for only $16.05 $11/page Learn More However, â€Å"market share and sales growth are the most popular traditional marketing metrics† (Davis 2007, p.96). Kumar and Reinartz (2012) assert that traditional marketing metrics were formulated after it turned out difficult to obtain individual customer data. Consequently, such metrics are deficient for they do not give customer-level insight. H owever, the availability of customer information over the past few decades has led to the formulation of new metrics that assist managers to develop a comprehensive understanding of individual customer and the value of a given customer to the firm (Hauser Katz 1998).  Customer-based metrics fall into two categories, viz. customer activity metrics, and customer acquisition metrics. Customer activity metrics include survival rate, the probability of a particular customer being active [p (Active)], lifetime duration, survival rate, retention and defection rate, and average inter-purchase time (Ambler 2003). The customer acquisition metrics include acquisition cost and acquisition rate. On the other hand, the most popular customer-based value metrics include share of wallet, size of wallet, and share of category requirement. Market share entails the share of a firm’s sale relative to other firms and it is expressed as a percentage. Farris, Bendle, Pfeifer, and Reibstein (2006) assert that market share gauges a firm’s performance against its competitors. The market share metrics enable a firm to determine the prevailing selective and primary demands effectively. The market share metrics does not only enable marketing managers to determine the total market decline or growth, but also to assess the customers’ trend in selecting where to purchase their products or services. Therefore, the market share metrics enables organisations to assess the external market (Best 2010). According to Doyle (2000), market share can be determined on volumetric or on a monetary basis. In the course of its operation, Alliance Boots has managed to attain a relatively high market share of 35 per cent in all its global markets.  The sales growth metric of a particular firm or brand is determined by comparing the changes in the firms’ sales during a given period (Kumar Reinartz 2012).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Sales growth is determined using the following formula: In 2008, Alliance Boots sales amounted to  £ 11,865 million (Alliance Boots  2008). Due to its marketing commitment, the firm’s sales in 2012 amounted to  £ 23,009 million. Using the above formula, the firm’s sales growth is illustrated below: The high sales growth [94 per cent] experienced by Alliance Boots during the period ranging from 2008 to 2012 shows that the firm has been very effective in marketing its products. Over the past few years, managers have increasingly focused on customer acquisition metrics in an effort to make optimal decisions. According to Ismail and Murphy (2009), acquiring new customers is critical in a firm’s effort to improve its long-term profitability. Marketing managers can determine acquisition metrics by evaluating the acquisition cost and acquisition rate. Acquisition cost assesses the responsivene ss of the marketing campaign undertaken by a particular firm and it is determined by determining the cost of marketing campaign and the target number of potential customers.  In the course of its operation, Alliance Boots has managed to attract and sustain a relatively large customer base successfully, as illustrated by the fact that the firm has a high customer retention rate of 65.2 per cent (Alliance Boots 2013). The customer retention rate refers to the firms’ ability to sustain continuous trading relationships with their customers. The rate of customer retention is an indicator of the customer’s probability of defecting to competing products. The firm’s sales growth has also emanated from its ability to deliver products and services that meet the customers’ needs. Consequently, Alliance Boots has been in a position to create a high level of customer satisfaction. By 2012, the firm’s rate of customer satisfaction averaged 64.Advertising We will write a custom essay sample on Market Metrics specifically for you for only $16.05 $11/page Learn More Business environment Alliance Boots focuses at maximising its profitability. Consequently, the firm has ventured into the international marketing by incorporating the concept of global marketing. Farris, Bendle, Pfeifer, and Reibstein (2006) are of the opinion that global marketing has increasingly become very complex, expansive, and extensive. The complexity of the global marketing emanates from the dynamic nature of the environment. Smit (2007) asserts that it is vital for firms’ management teams to possess broad knowledge and understanding of the business environment in which their firms operate. The three main categories of the business environment that firms’ managers should understand include the market environment, microenvironment, and the macro environment (Samli 1996). Bygrave and Zacharakis (2009) are of the opinion that und erstanding these environments is vital in firms’ effort to exploit market opportunities. In a bid to achieve this goal, it is fundamental for firms’ managers to invest in market research in order to acquire important market information.  In the course of its operation, Alliance Boots is subject to changes in the external business environment. These changes emanate from different sources such as changes in customer demographics, economic changes, sociological changes, technological changes, and political changes (Hill Gareth 2009). Lamb, Hair, and McDaniel (2012) assert that things in the external environment are continuously undergoing through change. The pharmaceutical market in which Alliance Boots operates is â€Å"very attractive due to the positive market and macro-economic trends† (Alliance Boots 2013, Para.9). Firstly, the industry is experiencing an increment in demand for pharmaceutical products especially medicines (Alliance Boots 2012b). The rise i n demand has arisen from two main factors, which include continued global population growth emanating from improvement in life expectancy and increment in the average age of the population especially in the developed economies. Findings of a market research conducted by the marketing department revealed that the size of the firm’s customer group aged over 65 years would grow with over 40 per cent between 2011 and 2030. Thus, this customer group will increase with approximately 35 million by 2030 (Age UK 2013). This scenario presents a unique marketing opportunity for the firm to increase its customer base. The pharmaceutical industry is also experiencing the emergence of more innovative and new prescription medicines (Phelps2004). For example, some prescriptions may involve specialised handling and administration, which presents a unique opportunity for the firm to be innovative in its marketing strategies (Needle 2004).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Governments from both developed and developing economies are employing measures aimed at encouraging usage of lower cost-generic prescriptions (Alliance Boots 2012b). This transformation will enable the firm to increase its market share by driving down costs and increasing operational efficiency and ultimately, the firm will attain its wholesaling and distribution objectives (Alliance Boots 2012b). Over the past few years, manufacturers of branded pharmaceutical products have increasingly focused at attaining higher control of their distribution channel. Direct distribution and reducing the number of distributors are some of the avenues that the pharmaceutical firms are shifting to in the contemporary market. This move will significantly enable the firm to lower the cost of its operations. The industry is also undergoing an increment in the rate of consolidation with regard to distribution and wholesaling, which has arisen from growth in demand for a lean distribution channels. Ther e is also a high probability of the firm experiencing an increment in sales revenue due to increased demand for healthcare services (Tucker 2011). Additionally, Alliance Boots should also expect an increment in demand for home healthcare. Financial report The management team of Alliance Boots is very committed at ensuring that the firm attains a high level of profitability. This aspect explains why the firm has integrated various growth and marketing strategies such as organic and acquisitive strategies. Over the past few years, the firm has experienced a considerable growth in its sales trading profit. During the past 5 years, Alliance Boots has continued to experience double-digit growth in its trading profit. From 2007 to 2012, the firms trading profit has increased with a margin of 88 per cent as illustrated by chart 1 below. Additionally, chart 2 illustrates changes in respective revenue over the past five years. Chart 1: Changes in Alliance Boots trading profit: Source: (Alli ance Boots 2012a) Alliance Boots Financial results for the year ending 31st March 2012 Pro-forma Actual Actual Actual Actual 2007/08 2008/09 2009/10 2010/11 2011/12  £million  £million  £million  £million  £million Revenue Health Beauty 6,826 7,120 7,492 7,624 7,671 Pharmaceutical Wholesale 8,393 9,746 10,626 13,154 16,828 Contract Manufacturing 105 106 252 253 255 Intra-group -1,202 -1,309 -1,459 -1,603 -1,745 Group 14,122 15,663 16,911 19,428 23,009 Chart 2: Alliance Boots financial report Source: (Alliance Boots 2012a) Business review In the course of its operation, Alliance Boots has established a number of business divisions. The decision to establish these divisions hinges on the need to attain high profit growth. In developing these divisions, the firm has incorporated two main strategies, which include organic growth and formation of mergers and acquisitions. Lockett et al. (2009) affirm that the incorporation of acquisitive and organ ic growth strategies enables firms to improve the probability of their future growth. The two main divisions include health, beauty, and the pharmaceutical wholesale division (Alliance Boots 2012b).  The health and beauty division constitutes brands that are well established in the market such as No7, Botanics, and Soltan. In an effort to stimulate sales, Alliance Boots undertakes â€Å"continuous product development and innovation, product marketing, and product packaging† (Alliance Boots 2012b, Para.6). In the recent past, Alliance Boots launched other operational lines, which include Boots Laboratories and Boots Pharmaceuticals. The firm ensures that all its health and beauty products are customer-focused (Alliance 2012). In 2012, Alliance Boots health and beauty division experienced an increment in its sales revenue with a margin of 0.6 per cent while its trading profit grew with 6 per cent. The pharmaceutical wholesaling and distribution division has continued to exper ience significant growth over the past few years despite the challenging business environment (Russell Russell 2006). One of the factors associated with the firm’s growth relates to its effectiveness in implementing the integration process of the undertaken mergers (Lockett McDonald 2009). Additionally, the firm has continued to improve its customer focus strategy. The pharmaceutical and wholesaling division experienced a revenue growth with a margin of 27.9 per cent, while the trading profits experienced a growth of 24.7 per cent. In 2012, Alliance Boots sales revenue grew with a margin of 18.4 per cent due to contribution from the two market divisions, while the trading profits increased by 12.4 per cent (Alliance Boots 2012b). The chart below illustrates the performance of the two market divisions for the year ending 31st March 2012. Revenue  £ million Trading profit  £ million Revenue Trading profit Health Beauty 7,671 813 +0.6% 6% Pharmaceutical wholesalin g and distribution 16,828 141 +27.9% 24.7% Assessing sales growth Considering the prevailing changes in the market, the macro environment, and the microenvironments, there is a high probability of Alliance Boots experiencing a significant growth in its sales. Some of the factors that might stimulate sales growth include growth in the size of population and increment in demand for home healthcare. Growth in the size of the population will culminate in significant growth in the firm’s sales revenue. Additionally, incorporation of low cost generic prescriptions by most governments will also stimulate the firm to experience sales growth. Additionally, sales growth will also be subject to the high rate at which governments are focusing at increasing their spending on health care (ECORYS 2009). In an effort to attain market leadership, Alliance Boots has integrated effective market expansion strategies, which include organic growth and formation of joint ventures, mergers, and a cquisitions. Incorporation of these strategies is an indicator that the firm will experience significant sales growth in the future. Consequently, the pharmaceutical industry is characterised by a high market potential and demand hence making it very attractive. Conclusion The analysis conducted in this paper indicates that Alliance Boots has been very effective in its operation as illustrated by the various marketing metrics considered. For example, the firm has a relatively high market share, which has positioned it at the top of the market hence a market leader. Its success in venturing into the international market has enabled the firm to attain a relatively high rate of sales growth. Due to its effectiveness and efficiency in meeting customers’ health, beauty, and well being needs, Alliance Boots has been in a position to nurture a relatively high rate of customer satisfaction. The prevailing business environment also presents a high probability of the firm experiencing high sales growth hence its future success. Recommendation In a bid to improve its chances of succeeding in its operation, it is paramount for Alliance Boots to take into account the following recommendations: The management team should incorporate comprehensive and continuous improvement plan and new product development programs aimed at ensuring that its products and services align with changes in customers’ needs. Incorporation of these strategies will enhance the firm’s competitiveness, and thus its future success. A comprehensive market research should be undertaken to improve the effectiveness of marketing and operational decisions made. The firm should take advantage of the technological changes affecting the pharmaceutical industry in order to improve its competitiveness. Reference List Age UK: Later life in the United Kingdom 2013, http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/Later_Life_UK_factsheet.pdf?dtrk=true Alliance Boots: Annual Report 2011/201 2 2012a,   http://www.allianceboots.com/AnnualReport2011-12/overview/our-five-year-financial-record.aspx Alliance Boots: Consolidated financial statement 2008, http://media.allianceboots.com/App_Media/AllianceBoots/Financial%20information/Alliance%20Boots%20Consolidated%20Financial%20Statements%20final.pdf Alliance Boots: Markets and business environment 2013, http://www.allianceboots.com/pharmaceutical-wholesale/markets-and-business-environment.aspx Alliance Boots: Our five year financial record 2012b,    http://www.allianceboots.com/AnnualReport2011-12/overview/our-five-year-financial-record.aspx Ambler, T 2003, Marketing and bottom line, Pearson Education Limited, London.  Best, R 2010, Marketing metrics handbook, Palgrave, London. Bygrave, W Zacharakis, A 2009, The portable MBA in entrepreneurship, Wiley, New Jersey. Davis, J 2007, Measuring marketing: 103 metrics every marketer needs, Wiley, Singapore. Doyle, P, 2000, Value-based marketing, Wiley, Chichester. ECORYS: C ompetitiveness of the EU market and industry for pharmaceuticals 2009, http://ec.europa.eu/enterprise/sectors/healthcare/files/docs/vol_2_markets_innovation_regulation_en.pdf Farris, P, Bendle, N, Pfeifer, P Reibstein, D 2006, Marketing metrics: 50+ Metrics every executive should master, Pearson Publishing, New Jersey. Hauser, J Katz, G 1998, ‘Metrics: You are what you measure’, European Management Journal, vol. 16 no. 5, pp. 517–528. Hill, C Jones, G 2009, Strategic management theory: An integrated approach, Houghton Mifflin, Boston. Ismail, A Murphy, J 2009, Acquisition methods and customer lifetime value, http://www.duplication.net.au/ANZMAC09/papers/ANZMAC2009-224.pdf Kumar, V Reinartz, W 2012, Customer relationship management: Concept, strategy and tools, Springer, Belbin. Lamb, C, Hair, J McDaniel, C 2012, Essentials of marketing, Cengage, Ohio. Lockett, A McDonald, M 2009, Marketing accountability: A new metrics model to measure marketing effectiven ess, Kogan Page Limited, London. Lockett, A, Wiklund, J, Davidsson, P Sourafel, G 2009, Organic and acquisitive employment for growth: Re-examining, testing and extending Penrose’s growth theory, http://eprints.qut.edu.au/28021/2/JMS_Penrose_resubmission_Round_3_%282%29.pdf Needle, D 2004, Business in context: An introduction to business and its environment, Thompson, London. Phelps, B 2004, Smart business metrics: Measure what really counts and manage what makes different, Pearson Education Limited, London. Russell, J Russell, L 2006, Strategic planning 101, ASTD Press, Alexandria. Samli, A 1996, Information-driven marketing decisions: Development of strategic information system, Greenwood Publishing Group, New York. Smit, P 2007, Management principles: A contemporary edition for Africa, Juta, Cape Town. Tucker, I 2011, Macroeconomics for today, Cengage, Mason. This essay on Market Metrics was written and submitted by user Sebastian Berg to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

5 More Examples of Misplaced Modifiers

5 More Examples of Misplaced Modifiers 5 More Examples of Misplaced Modifiers 5 More Examples of Misplaced Modifiers By Mark Nichol Make sure that when you shoehorn additional information into a sentence, it is being wedged in at a location where its relationship to a word or phrase is clear. Each of the following sentences suffers from ambiguity because of sloppy syntax; the discussions and revisions clear the confusion. 1. Many students let friends and family know they were safe in social media posts. The sentence implies that students found safety within social media posts, but the fact that such posts were the medium by which students communicated their safe status to friends and family is best relocated to immediately after the subject: â€Å"Many students used social media to let friends and family know they were safe.† (This revision also places the key word, safe, where it is most effectively located- at the end of the sentence.) 2. Millennials consist of people born from 1980 to 2000; to put it more simply for them, since they grew up not having to do a lot of math in their heads, thanks to computers, their demographic group consists mostly of teens and twentysomethings. The location of â€Å"thanks to computers† creates initial ambiguity: Does it modify the preceding phrase, or the one that follows? Computers bear the blame for millennials’ lack of facility with cranial computation, or the age range of their demographic group is credited to computers? The former choice is the correct one, obviously, but it’s not clear until after the first or even second reading. To clarify the sentence’s intent, that parenthetical phrase should appear earlier in the sentence: â€Å"To put it more simply for millennials, since, thanks to computers, they grew up not having to do a lot of math in their heads, their demographic group consists mostly of teens and twentysomethings.† Better yet, to reduce comma clutter, write, â€Å"Millennials consist of people born from 1980 to 2000; to put it more simply for them- since, thanks to computers, they grew up not having to do a lot of math in their heads- their demographic group consists mostly of teens and twentysomethings.† 3. The Financial Conduct Authority is a financial regulatory body that operates independently of the UK government, whose responsibilities include maintaining financial market integrity. The simplest solution for this sentence- which unintentionally states that the UK government, rather than the Financial Conduct Authority, bears the specified responsibility- is to merely replace the comma with and to create a compound modifying phrase. But a more elegant solution is to place the trailing modifying phrase as a mid-sentence parenthetical comment: â€Å"The Financial Conduct Authority, whose responsibilities include maintaining financial market integrity, is a financial regulatory body that operates independently of the UK government.† 4. In fact, if employers do not reinforce learning, the forgetting curve shows that about 80 percent of important workplace information can be forgotten in the first month. According to this sentence, the failure of employers to reinforce learning causes the forgetting curve to demonstrate the percentage of key workplace information forgotten within a month. But the forgetting curve needs no such prompting. â€Å"The forgetting curve† is the subject, and it should be nearer the head of the sentence (after a brief modifying tag): â€Å"In fact, the forgetting curve shows that if employers do not reinforce learning, about 80 percent of important workplace information can be forgotten in the first month.† 5. If a third party is to be given consumers’ personal information, such as an auditing organization, data should be anonymized. An auditing organization is identified in this sentence as an example of consumers’ personal information. But an auditing organization is an example of a third party, so that parenthetical phrase should immediately follow â€Å"third party†: â€Å"If a third party, such as an auditing organization, is to be given healthcare consumers’ consumers’ personal information, data should be anonymized.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:Writing a Reference Letter (With Examples)On Behalf Of vs. In Behalf OfQuiet or Quite?

The Effects of Animal-Assisted Therapy on Anxiety and Depression among Research Paper

The Effects of Animal-Assisted Therapy on Anxiety and Depression among Nursing Home Patients - Research Paper Example   The relation between animals and humans has always been a powerful bond. For many years, this bond has remained a source of relief and solace for many people who are suffering or have suffered from emotional or physical pain. This relationship regarding healing power is practiced today and is known as Animal Assisted Therapy or pet therapy (Le Roux and Kemp, 2009). Animal-assisted therapy Animal Assisted Therapy or AAT is a form of therapy in which animals are involved for treatment. AAT helps in improving patient’s emotional, social or cognitive functioning. The animals which assist in the therapeutic treatment include farm animals, domesticated pets, and marine mammals. Animal-Assisted Therapy is used to help children and adults in cases where they have experienced neglect, abuse, depression, anxiety, undergoing chemotherapy or through other medical treatments etc. Today, Animal Assisted Therapy is gaining much importance and it is noted that it will grow into mainstream healthcare practices. Dogs are mostly used for this therapy as they are classified as facilitators to recovery, preventers of sickness and as the predictors of bad health. Moreover, dogs also have excellent sociability and training skills. AAT therapy is now recognized by almost all medical and healthcare professionals. The therapy is basically meant to treat depression, mental disorders, anger, stress, anxiety, loneliness, other mood disorders and psychological health of individuals (Stasi, Amati, and Costa, 2004). Anxiety and stress are regarded as a major cause of diseases of cardiovascular areas. It has been hypothesized by researchers that comrade animals may provide to lessen anxiety and stress levels (Siegel, 1990). Numerous instigators have reported lesser readings for blood pressure among children and adults in the presence of such a companion animal during worrying activities.Animals have been associated with positive effects on patients in a variety of healthcare setting s (Friedman et al, 1983). The initial introduction of animals to such settings involved frequent visits to the treatment programs. However, now animals are intentionally involved in treatments via numerous interventions included in the animal-assisted therapy. Over the past few decades, Animal-assisted therapy or Pet Therapy has gained extensive application and support in almost all parts of the world. In this therapy, the animals are provided with special pieces of training before their interaction with patients. AAT has been shown to have positive mental, physical, motivational and educational effects on participants (Johnson and Haubner, 2008). That is the reason why this therapy is largely used for rehabilitation and recovery of mood disorders. The studies by Muschel, Gagnon et al., Wells, Schnipper and Weber (1984, 2004, 1998, 2005 and 2004) investigated the effect of Animal Assisted Therapy on the cancer patient. All these studies concluded that cancer patients were benefitted from this therapy.  Ã‚  

Discuss the paradoxes and tensions of pay systems and the problems Thesis

Discuss the paradoxes and tensions of pay systems and the problems these create for the management of the employment relationship - Thesis Example pectations relevant to financial remuneration from employee perspective shall be determined from his qualification, previous work experience, and role in the organization, performance and potential assessment by the employer, work load and cost of living (inflation). The employer share a different perspective while accounting for the salary package for the organization, the bench marking is conducted against the local industries, the profits of the company are monitored, the investment plans are verified and lastly the performance and need of the employee. The perspective shared by employer and employee are therefore distinct, and such distinction has in many cases failed to develop appropriate settlement between the parties on this issue (Mahler, 1986). As per Adams Equity Theory, the inputs and putputs of the employee shall maintain equilibrium. The performance of the employee is closely monitored by the employer on the scale of profit-return, productivity, and maintenance and functional cost-cutting. Therefore in many organizations the pay systems are exclusively designed to offer financial rewards to the individuals who have contributed to the organization, instead of offering such deals to all the employees (David, 2000). There are systems where pay system is employee-centric, irrespective of contribution and performance of an individual, however such system has been nightmare for the employers due to the resignations of the high-performance employees, and consider it as unfair system. The employees have simple desire to be based fairly for their performance and achievements, and their salary shall necessarily take into account the cost of living. The employers share similar approach; however its execution is primarily profit margin driven followed by cost-cutting for the launch for new investment plans. This practice is widely common among the employers of South Asia inclusive of China, India, Malaysia and Thailand (Hamel, 2000). The pay system offered by

Rationale For Qualitative Research Management Essay

Rationale For Qualitative Research Management Essay METHODOLOGY In a multichannel environment firms interact with their customers through the design, evaluation, coordination and deployment of channels with the objective of enhancing customer value through effective customer acquisition, retention, and development. While the relative value of a multichannel customer over single channel customers is known, but several research and managerial questions like consumer behaviour, channel evaluation, allocation of resources across channels and channel coordination strategies require further study. The objective of this research is to gain further understanding of these issues. In order to meet these objectives, literature on marketing channels, channel management and channel conflict were explored. The literature review provided assistance in developing the research methodology design (refer Figure 2-1). The exploratory research provided further areas for study in the following secondary and primary research. This methodology created the building blocks for a structured iterative research process that effectively related to the literature. The process balanced theory and practise to generate a comprehensive viewpoint on the subject. In the process of creating the methodology the author consulted various journals and books. The remainder of this chapter discusses the methodology adopted to achieve the outlined objectives. Figure 2-1: Research Methodology (Source Author) RESEARCH METHODOLOGY OLeary (2004:p.85) refers to Methodology as the framework associated with a particular set of paradigmatic assumptions that are issued to conduct research. For this research a qualitative approach was incorporated and the author used the inductive exploratory research methodology to unearth the issues. The research process can be best described as a cross-sectional study and involved three phases PHASE 1: RESEARCH PREPARATION This phase primarily involved setting the tone and direction of the main research by defining the parameters to the research questions and the key objectives of the research (based on Saunders et al, 2003). After the initial discussion with the mentor secondary desk based research was conducted with the help of industry journals, online resources, annual reports, industry reports. As the author wanted to expand his exposure to the relevant domain of the research a review of the literature was performed to get a better grasp of the subject. PHASE 2: REASEARCH APPROACH 2.1 LITERATURE REVIEW METHODOLOGY While devising the literature review the author addressed literature on Marketing Channels, Channel Management and Channel Conflict to determine particular concepts best suited to deal with managing conflict in a channel. The literature review was an iterative process that was continuously developed. This process can be depicted as follows (Figure 2-2): Figure 2-2: The Literature Review Methodology (Source Saunders, M., Lewis, P., Thornhill, A. (2007). Research Methods for Business Students (4, Illustrated ed.). Prentice Hall, adapted by author) The research methodology permitted the author to evaluate the relevance of existing literature in a specific real life scenario. The research methodology provided a structured guideline to a complicated enquiry. 2.2 RESEARCH PHILOSOPHY This research takes the view of an interpretivism philosophy which is based on the view that the social world of business and management is far too complex to lend itself to theorising by definite laws in the same way as the physical sciences (Saunders, 2003). The author found that organisations cannot be generalised based on the challenges faced in the market place due to individuality hence it has been deemed necessary to discover the details of the situation to understand the reality working behind them (Remenyi et al 1998, cited in Saunders, 2003). The positivist view was not chosen as this type of approach adopts the philosophical stance of the natural scientist in order to produce law-like generalisations (Saunders, 2003) and was deemed inappropriate. 2.3 RESEARCH APPROACH In line with the research philosophy of interpretivism, the inductive approach is taken for the research as it focuses on theory building which follows the collection of qualitative data. Another reason why this approach was selected was due to the fact that the deductive approach tends to develop a methodology which does not allow for alternative explanations of what is happening (Saunders, 2003) which may limit explanations of why organizations experience certain challenges. Inductive approach is particularly helpful as the author was trying to understand why something is happening rather than being able to describe what is happening. Although inductive approach can be much more protracted but often the ideas, based on a much longer period of data collection and analysis, have to emerge gradually. On the flip side the author was aware that with inductive approach there is a constant apprehension that no useful data patterns and theory will emerge. 2.4 RATIONALE FOR QUALITATIVE RESEARCH Creswell (2003) observes two research paradigms: Qualitative and Quantitative as described in Figure 2-5. Qualitative research stems from the social sciences and is utilised to understand, why people behave as they do (Denzin Lincoln, 2005) this would include knowledge, attitudes, beliefs etc. Whereas, quantitative research is more concerned with measuring things (Miles Huberman, 1994). Figure 2-5: A Comparison of Qualitative and Quantitative research (Source Creswell, J. W. (2003). Research design: qualitative, quantitative, and mixed method approaches) As the purpose of the research was exploratory in nature, it was felt that the best approach was to conduct qualitative research through one to one interviews. It has been pointed out by Cooper and Schindler (1998) that the qualitative approach is best suited while undertaking exploratory research and enables the identification of emerging themes within the research process. Moreover, as has been pointed out by Saunders et al (2003), a qualitative approach allows us to understand the reasons for decisions taken by participant as well as enabling an understanding of their attitudes and opinions. Furthermore, as Saunders et al (2003) point out it also enables the discussion into areas that had not previously been considered but may be significant for understanding the issue. As observed by Henderson (2005) qualitative research by its very nature centres on perceptions, opinions, beliefs and attitudes. Creswell (2003) further recommends the use of the Qualitative approach, for problems that are context specific with unknown variables requiring exploratory research. Moreover the research is reliable and verifiable due to the context bound specific scenario. (Creswell, 2003; Saunders, Lewis, Thornhill, 2007). Although it was planned that, wherever possible interviews would be conducted in person but considering the time limitation of the research and the nature of the retail business, the author had to resort to telephone interviews with the pre-determined point of contact. As suggested by Saunders et al (2003) telephone interviews are an appropriate medium in cases where the interviewer has been able to establish their integrity and competence. However, as pointed out by Saunders et al (2003), the lack of standardisation in these interviews may lead to concerns regarding the reliability of the data. As has been observed by Easterby-Smith et al (2002), in qualitative research, reliability is concerned with whether alternative researchers have revealed similar information. However, the data from the interviews were cross checked along with data derived from interviews conducted with the key stakeholders in the company, as well as secondary research material such as the industry specific research reports available in the public domain. Moreover, the data collected was analysed after the interviews for any inconsistencies in what was said by the interviewee. These steps allowed a multiple triangulation of the data which enabled a higher degree of consistency in the data recorded as well as greater reliability. Each interview was tape recorded as it was felt that note taking may have lead to loss of quality information. The recording enabled the author to listen to the interview any number of times to produce a transcript which facilitated a better analysis of the responses. As pointed out by Saunders et al (2003) reliability of the data could be affected if there was interviewer bias (i.e. wherein the author could have imposed his personal beliefs while interpreting the data) as well as interviewee bias (i.e. wherein interviewees may choose not to reveal information if they perceive them to be probing or sensitive in nature). These were kept in mind during the interview process. 2.5 MULTI-METHOD APPROACH Since each method has its unique strengths and weaknesses (Smith, 1975) hence the results will be affected by the method used. Thus, it makes sense to use different methods to cancel out the method effect leading to greater confidence being placed on the conclusions (Saunders et al, 2003). The author employed the case study methods which involved interviews with the key stakeholders in the Organisation, in order to get a feel for the key issues. The author then embarked on the grounded theory approach where data and observation from the semi-structured interviews with the customers was used to develop the research theory. This gave the author the confidence that certain key issues were addressed with relevance to the research. The multi-method approach also enabled triangulation to take place, such that different data collection methods within one study ensure that the data are telling you what you think they are telling you. As in this case, the semi-structured interviews with the key managers in the Organisation. 2.6 DATA COLLECTION METHOD The authors primary desk based research approach had its limitations in terms of the data collection and authenticating the validity of the data from the online resources. In order to prevent this bias in collection and interpretation, the author also resorted to qualitative research technique. The author found the Qualitative approach to be more effective due to the importance of perceptions of channel members in the problem, which needed to be revealed and understood through personal interaction. The data for the research was collected using primary data collection techniques i.e. interviews as well as secondary data sources i.e. company publications, reports, journals and the internet. Based on the analysis of the various data collecting techniques the interview method was chosen. While conducting the interviews with the stakeholders, semi-structured interviews were used wherein some basic themes relevant to the research objectives and open ended questions were developed to investigate responses and ask follow up questions. This allowed the opportunity to probe answers and where necessary the interviewees could be requested to build on and explain the reasoning behind their statements (Saunders et al, 2003). Due credence was also given to the manner in which the questions are ordered was taken into consideration as it can affect the information collected (Lubin, 2005). In order to collect the secondary information company reports, academic journals and internet were used. Textbooks were used to provide the background information on multichannel approach and other relevant areas which can be seen in the literature review. A key limitation was the accessibility to appropriate information from the net can be costly when attempting to acquire journals from website requires a fee. PHASE 3: DATA ANALYSIS 3.1 DATA COLLECTION: METHODS AND TOOLS OLeary (2004:p.85) refers to the Methods as, the techniques used to collect data and Tools as the devices that help in collecting data. For the qualitative research methodology discussed the direct research technique was used, as below: Exploratory research was conducted in the first phase for greater understanding of the situation. This was followed by an extensive in-depth study of the literature from various publications. In order to authenticate these findings in-depth interviews through an inductive technique were conducted with all respondents, to probe the conflict causing issues. The interviews were developed to encourage the respondents, to express their detailed viewpoint. A semi structured (Adams Schvaneveldt, 1991) interview format was used to incorporate parameters specific to the area of authors research. Furthermore, throughout this process the Author took into account ethical considerations to prevent respondents from being misled in anyway. In order to conduct the research activities for data collection Saunders has introduced research onion as a useful framework to illustrate the idea that there are several layers which needs peeling off before the researcher decides the choice of data collection method (Figure 2-3). The following subsections explain research sampling, philosophy, approaches, strategies, and time horizon of the research study. Figure 2-3: The Research Onion (Source Saunders, Thornhill, A and M, Lewis, P., 2003) 3.2 RESEARCH SAMPLING A conclusion can be made from the sample about the population to achieve the research objective (Saunders et al. 2003). It is, therefore, uncommon for a research to survey the entire population due to time and financial constraints, especially, when the population is very large. The research followed a five-step procedure for drawing a sample based on Churchill and Iacobuccis (2002) and Wilsons (2006) suggestions. (Figure 2-4) Figure 2-4: Procedure for drawing a sample (Source Based on Churchill and Iacobucci 2002 and Wilson 2006) In order to obtain a broad and holistic picture, certain key individuals and stakeholders were identified who could provide and in-depth and unbiased view of the challenges being faced by the organisation in multichannel environment. Stakeholders identified included company owners, retail managers and trade counter employees. 3.3 RESEARCH ANALYSIS As Saunders et al (2003) observe while conducting qualitative research it is important to use a conceptual framework for organising the data. The analysis of the data was inductive; because of the exploratory nature of the market research there was no pre-determined hypothesis to direct the analysis (Saunders et al, 2003). The author started with the use of mapping technique to organize and collate all the data gathered through primary research and to understand and analyse the issues, key themes, and patterns and question how an argument fit together. The data was analysed using Thematic Analysis (Matthew Huberman, 1994). A conversation analysis was conducted, which evaluated the words, contexts and non-verbal cues in order to find emerging themes. The data was analysed and interpreted through a step by step process as depicted below (Figure 2-6): Figure 2-6: Data Analysis Methodology (Source Author) The findings were then compared to the data collected from secondary sources and the literature review after which conclusions were drawn. It thus enabled the author visualize the inter-relationships of the issues and give a sense of strategic direction while drafting the recommendations. Due to the use of in-depth and semi-structured interviews, it was felt by the author that a narrative style for discussing the findings would be the most appropriate method. As has been pointed out by Saunders et al. (2003), this approach is suitable where in-depth and semi-structured interviews have been used to collect data as it allows the interviewer to retain the integrity of the data (Coffey and Atkinson, 1996).

Putting Children First: Guidelines for Divorcing Parents Essay

Raising children presents challenges. When parents live in separate homes, the challenges are greater because relationships become more complicated. Sometimes parents disagree about how much time children should spend with each parent. Unless special circumstances exist, preserving a healthy and ongoing relationship between children and both parents after divorce or separation is of greatest importance. Positive involvement with both parents furthers the child’s emotional and social development, academic achievement, and overall adjustment. The following guidelines are helpful to remember when divorced or separated parents interact with children. Children benefit when parents: †¢ Keep predictable schedules †¢ Help the child have regular contact with the other parent by phone, letter, audio and video, Skype, e†mail, and other forms of communication †¢ Are on time and have the child ready when it’s time for the child to go with the other parent †¢ Exchange the child without arguing †¢ Support the child’s relationship with the other parent †¢ Let the child carry â€Å"important† items such as favorite clothes, toys, and security blankets with them between the parents’ homes †¢ Follow similar routines for mealtime, bedtime, and homework time in each home †¢ Handle rules and discipline in similar ways †¢ Support contact with grandparents, stepparents, and other extended family so the child doesn’t lose these relationships †¢ Are flexible so the child can take part in special family celebrations and events †¢ Give as much advance notice as possible to the other parent about special occasions or necessary changes to the schedule †¢ Provide the other parent with travel dates, destinations, and places where the child and the parent can be reached when on vacation †¢ Establish workable and respectful communication with the other parent †¢ Plan their vacations around the child’s regularly scheduled activities. Children are harmed when parents: †¢ Make their child choose between them †¢ Question their child about the other parent’s activities or relationships †¢ Make promises they don’t keep †¢ Drop in and out of the child’s life †¢ Are inconsistent in using their parenting time †¢ Argue with or put down the other parent in front of the child or where the child can overhear †¢ Discuss their personal problems with the child or where the child can overhear †¢ Use the child as a messenger, spy, or mediator †¢ Stop or interfere with parenting time because child support hasn’t been paid †¢ Don’t show respect for each other

Ethical dimensions associated with Information systems Essay

The ethical dimensions linked with the information systems bring professionalism and work ethics to its full extent. It strives to achieve the best quality, effectiveness and decorum in both the process and products of professional work. It must believe in acquiring, nurturing and preserving the organized nature of information systems. Optimally taking care of comprehensive and thorough evaluations of computer systems and their impacts, including analysis of possible risks must be managed (Hoffer, 2002). The very trend of technology would raise ethical issues. The impact of organizations on the trend of the computing power doubling every 9 months would make them more dependent on information systems for the critical execution of operations. Organizations can easily maintain huge databases about employees as data storage capabilities are increasing at skyrocketing speed. As data analysis advances organizations grasp the capability to organize and analyze vast quantities of data to ascertain individual behavior of the resources involved. Networking capabilities make it possible to access remote data quite easily. How the ethical dimensions of are IS different from the behavior of the individuals generally? The ethical choices are decisions made by the individuals are responsible for their actions. The appropriate moral choice which requires to be made when exposed to several options would make the individual ultimately accountable for it. Responsibility is one of the ethical measures which bind an individual with their own decisions they make. The potential duties they perform, they would be responsible for all the cost and obligations with regard to the moral choices they adhere to. It is quite different from the ethical dimensions associated with information systems, where the responsibility has a larger domain and caters to the entire internal and external environment surrounding it. Often the duties and responsibilities they perform make them cover up with a lot of resources involved, such as stakeholders and risk managers who manage the risk and the organisation does not have to take everything on its shoulders alone, it is shared. Accountability is a feature of holding one responsible for what they did and how they reacted. It is all about who took what action (Loudon, 2002). In respect to organisation or system the accountability is shared among a lot of people and other factors. Liability is a feature where the binding laws in place would make the individuals recuperate from damages done to them by other entities or organizations themselves. The information systems in the other place would make the liability spread across a greater domain of stakeholders so that the risk is distributed. Mechanisms for simulating control and their practicability The measures contemplate higher maturity assumptions in dealing with complex situations. Identifying critical and dynamic variables in the atmosphere and capitalizing on them is the key behavior for bringing practicability in the control mechanisms to be exercised. The following are the various control mechanisms: †¢ Identifying and defining clearly the facts: Keeping track of all activities would ensure that every movement is tracked and recorded so that any exception situation is predicted well before it and all measures can be taken to prevent it.  It is usually done so that the opposing parties can be substantiated with greater proof of the facing dilemmas. †¢ Define the problem involved: Defining the problem and the possible solutions would make sure that there is a clear cut solution to a problem and the steps to be adhered to for its resolution. It makes the process quite easy so that appropriate compliance to it would make things quite distinguishable in nature. †¢ Identify the stakeholders: Every ethical environment possess valuable stakeholders who have interest in the initiation and outcome of events and processes.  There are people who have invested in the situation and would expect something productive out of it. Identification of their demands, outlook and desires would focus on resolving of the crucial issues timely and effectively. †¢ Figuring out the viable options that can be taken: It can be found that every option cannot be exercised or ruled out in the light of all situations. The right amount and dimension of the options would make the situation recover faster. Evaluate the circumstances of the options that can be taken: The options must be evaluated and analyzed to match the positive attitude of the situation as not all options would be good for a situation. Placing oneself in the shoes of another person would go a long road to make a feasible solution. Conclusion Ethical dimensions depends on the situation greatly and the approach taken or making the best out of those situation. The various actions to be taken must be evaluated so that they stand quite realistic which would make the situation quite favorable in nature.

A Growing Problem That The United States Is Facing Is Poverty

A growing problem that the United States is facing is poverty. Poverty affects around 46.5 million people in the United States. Poverty in America is decreasing according to the census â€Å"In 2013, the official poverty rate was 14.5 percent, down from 15.0 percent in 2012. This was the first decrease in the poverty rate since 2006.†(United States Census Bureau. 2015). One town in Pennsylvania shows an entirely different story though. For the town of Reading, Pennsylvania almost half of the population falls below the poverty line. Most of Americans view people in poverty as being lazy or unmotivated and there can be a universal solution to fix poverty. As a child that did not have to deal with the problems of poverty personally I also believed that there could be an easy or quick solution to fix all of these problems. Now that my family has experienced poverty first hand, I know that is not the case. The solutions that are in place currently are more of a band aid fix. What I mean by this is you deal with problems quickly but you have not fully resolved the root of the problem. This view of poverty also has been the belief historically. Tratner discuses that in the early 1800’s people who were poor were separated into two different groups the worthy and the unworthy. The worthy poor were mainly widowed women and orphans. The unworthy were deemed as drinkers, and people who were too lazy to work. The YouTube video that I watched was Faces of Poverty: Life at the Breaking PointShow MoreRelatedTerrorism : A Modern Terrorist Organization850 Words   |  4 PagesTerrorism is a tactic that has been used for centuries, it is one of the most important and dangerous problems facing mankind today. Terrorism is the calculated use of violence, or the threat of violence, to intimidate, frighten, or coerce. In addition, the history of terrorism is as old as humans willingness to use violence exist. 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