Carpe Diem A Collection of Poems on the Passage of Time

The Latin phrase carpe diem—usually expressed in English as â€Å"seize the day† although its literal translation is â€Å"pluck the day† or â€Å"pick the day† as in gathering flowers—originates in the Odes of Horace (Book 1, No. 11): carpe diem quam minimum credula posteroSeize the day and put no trust in the future The sentiment carries with it an awareness of the passage of time, the fleeting nature of life, and the approach of death and decay, and its exhortation to take hold of the present moment, make the most of the time we have, and live life fully has resonated down the centuries in many poems. Here are a few of the classics: Horace,Ode 11 from Book I of the Odes of Horace (23 B.C.),three translations into English, by Sir Thomas Hawkins (1625), Christopher Smart (1756) and John Conington (1863) Samuel Daniel,Another Song from Tethys Festival — â€Å"Are They Shadows?† (1610) William Shakespeare,â€Å"Carpe Diem† from Twelfth Night (1623) Thomas Jordan,â€Å"Coronemus nos Rosis antequam marcescant—Let us drink and be merry† (1637) Robert Herrick,â€Å"To the Virgins, To Make Much of Time† (1648) Andrew Marvell,â€Å"To His Coy Mistress† (1681) John Gay,Air from The Beggar’s Opera — â€Å"Youth’s the Season† (1728) Henry Wadsworth Longfellow,â€Å"A Psalm of Life† (1839) Charles Baudelaire,â€Å"Intoxication† (1869) Ella Wheeler Wilcox,â€Å"Arise† (1872) William Ernest Henley,â€Å"O Gather Me the Rose† (1874) Ernest Dowson,â€Å"Vità ¦ Summa Brevis Spem nos Vetat Incohare Longam† (1896) A.E. H ousman,â€Å"Loveliest of trees, the cherry now† (1896) Sara Teasdale,â€Å"Barter† (1917) Edna St. Vincent Millay,â€Å"First Fig† (1920) Robert Frost,â€Å"Carpe Diem† (1923)

DIACAP Analysis And Outline Of The Dod Information Systems

authority to operate and undertake reviews, while lastly being decommissioned. DIACAP has been observed to offer visibility and management for the safe running of the DoD information systems. In many cases, DIACAP considers business or mission need, the safety of individually obvious facts, protection of the data being processed and safety of the surrounding of the systems facts. Various artifacts constitute the DIACAP package. Accordingly, the System Identification Profile (SIP) comprises the set of facts collected during registration of the system (Department of Defense, n.d.). The other element entails DIACAP Implementation Plan (DIP) which represents the model with regard to system implementation and the current enactment status of†¦show more content†¦Another step involves security checks upon implementation and describes agency-level threat to the business scenario or the mission. It similarly entails sanctioning the information system for processing and lastly constant monitoring of the security controls. FISMA and NISTs standards are aimed at offering the ways for agencies to achieve their identified missions with safety commensurate with the threat (United States Department of Agriculture, 2015). Together with guidelines from the Office of Management and Budget (OMB), FISMA and NIST create a framework for advancing and growing an information security scheme (SecureIT, 2008). Such framework includes control descriptions and evaluation, program development, and system certification and accreditation. The final objective involves conducting daily functioning of the agency and achieving the agencys articulated objectives with sufficient security commensurate with risk. HIPAA Compliancy: Process The Health Insurance Portability and Accountability Act (HIPAA) secures protected health information (PHI) from unsanctioned access. PHI comprises any identifiable facts regarding a patient that may be composed of their address, name, and medical records number. HIPAA offers regulations that are needed for enhanced data security that is increasingly distinct to the health care industry. Usually, patients are the main

Miranda is an American short story, which was published in 1988 Free Essays

â€Å"Miranda† is an American short story, which was published in 1988. It points up the conflicts that might arise when a young girl finds out that she is pregnant. In addition to the obligatory section B, I will in my essay incorporate a short analysis of the text. We will write a custom essay sample on Miranda is an American short story, which was published in 1988 or any similar topic only for you Order Now The main character’s name is â€Å"Miranda† as the title of the story. Miranda is an 18 year old girl who, in the beginning of the story, lives at home by her parents in Los Angeles, California. The story starts the day before she leaves for College in Boston. As the story progresses Miranda’s feelings are changing. In the beginning of the story she seems like a well-balanced girl. She has everything: freedom, a great boyfriend and understanding parents. She seems like any other teenage girl. But as she finds out she is pregnant, she is slowly changing. She gets more and more sceptical towards her surroundings and the whole thing with the pregnancy is not easy for her either. She also becomes more serious and melancholic, because she learns more about life; about what is consists of. Holly is Miranda’s friend and roommate in Boston. She is a year older than Miranda and a more free-minded kind of girl who tries to get Miranda to see things from her point of view. She is a girl who just wants to have fun and not necessarily always thinks of the consequences of her actions. That shows when she often sleeps with her new friend Brian on week nights, and then subsequently gets visited by her boyfriend Tom in the weekends. Holly’s role in the story is to put Miranda into a situation where she has to choose, to tell the reader what kind of girl Miranda is; what her values are. That seems pretty obvious when Miranda says that she wants to be owned, and that she will marry Michael. (p. 4, l. 95) Holly represents the common opinion and she is the contrast to Miranda. When Miranda comes home to her parents, they are having a conversation about her pregnancy with her and Michael. Their reaction reflects the society they live in and they are, surprisingly, more than understanding and sympathizing – or so it would seem. As a true product of their environment, they strongly advise Miranda to get an abortion. Miranda’s parents do not want a daughter who does not study and therefore cannot get an education. As her mother says, she will end up as a dumb little house-wife. (p. 5, l. 147) They want her to have an abortion, so she does not end up in misery. That is not only best for her and Michael, but also for the unborn child. Miranda is mortified at the thought of killing her child. She does not care about the hardships – she is willing to accept the responsibility of the child and raise it. When her parents realise that they are not reaching Miranda, they turn to Michael in an effort to influence him. Michael is young and at school, just the same as Miranda, and although he loves her and accepts the responsibility of the child, he is thinking of his future as well as. When he first heard the news, he soon talked about marriage, because he felt that it was the right thing to do. On the other hand Michael is relieved that her parents are trying to talk her out of it, because he realized that he is not ready to be a father. Michael knows he cannot forsake the baby, otherwise he would scar Miranda. He cannot look Miranda in the eyes; probably because he feels ashamed and guilty about the whole situation. Michael is hurting Miranda when he acts the way he does. She can see that his eyes are full of relief and gratitude when her parents come to the rescue for him. In a sense they buy Michael because they know that if he wont help raise the child, neither will Miranda. Unfortunately, Michael soon realises his mistake – by giving up on the baby, he is also giving up on Miranda. You could say that the choice was between Miranda and the child, or Michael and his future. â€Å"†¦ She looked at Michael. He looked at her, guilty, ashamed (p. 6, l. 195)†¦ He had both won and lost, and his unhappy face struggled to endure both. p. 6, l. 197) The central theme in this short story is teenage pregnancy and the worries and difficulties it brings along with it. The decision to have an abortion or not is a very complicated, because it brings up intense feelings and moral questions, and this often place people in difficult situations. Miranda is an example of a girl who has a lot of thoughts after becoming pregnant. She truly wants to have the baby, but ends up giving in to the fight with her parents. Miranda falls under the traditional values of what is â€Å"the right thing to do,† but at the same time she abandons her chance for happiness. That leads us to another theme in the story: Society’s view on success and happiness. Today, the ultimate idea of success is to please ourselves first, get that major degree and job – then plan a family and a future. Miranda sees it all more simply; she has a baby, she is willing to take responsibility, and plans her future along a different path than society wants for her. Every so often you have to listen to your heart, in order to make yourself happy. Maybe that means going against everyone you know and all you’ve been taught, but sometimes, that is the only way to be happy. How to cite Miranda is an American short story, which was published in 1988, Papers

Managing Financial Resources and Decisions

Question: Describe about the Case Study for Managing Financial Resources and Decisions? Answer: Identification of different types of sources of finance available to Green Supplied Ltd. The start-up companies raise their funds to expand the business by many ways such as seed capital from the venture capitalists, borrowing money from the lenders and hiring machineries from the suppliers. These all are different types of external sources of funds. Therefore, there are three types of general sources of funds to expand the business in the market. In this context, the analysts have found that there are internal sources of funds like retained earnings (Schreiber 2013). The firms may expand its business by using the reserve funds in the balance sheet (Krishnan, Nandy and Puri 2014). However, a new company may not have much business in past to promote the future expansion by its reserve money. Therefore, the new firms have to find different sources of funds. The firms those have started its business for less than five years, cannot issue shares in the capital markets (Branch 2013). It is the normal procedure for the maximum country in the world. Thereby, the small start-ups normally source the funds by pledging its shares to some types of companies (Gartner, Frid and Alexander 2012). In this context, Green supplies may source its funds from Celtic Group. However, the available funds from Celtic Group will be a type of external source for the company. The following discussion will focus on the advantages and disadvantages of different types of sourcing of funds. Assessment of implications of different sources of finances The costs and risks of sourcing the funds are the main reasons to evaluate the different types of sources before taking the money. The external sources like equity pledging to the funding company are highly risky from the viewpoint of fund raising company. Green Supplies Ltd will have to risk its management control to the fund providers as they may stop its banking transactions as well as sell the pledged shares in the market for their benefit. It might cause to lose the management control of the existing managers in the market (Nehf et al. 2015). The external sources like borrowing money from the lenders have different risk exposures. The borrowing company has to repay from time to time for the borrowing amount and they have to rely on its revenue to do so. Further, the rate of interest may change from time to time due to change in inflation rate of the economy (Chandra and Medrano 2012). Therefore, borrowing money from the lenders is not much feasible as there will be regular burde n to repay the amount with long-term risk of upside down in interest rate. The equipment in the firm may be hired from the suppliers to reduce the operating cost. It may allow the firms to get relief from heavy capital expenditure due to expanding its capacity. However, in this way, the firm may not get the capital to expand its fixed assets like building or may not get the seed for working capital. Therefore, Green supplies cannot select hiring of equipment as the only source of funds. The risk of sourcing funds in this way is low as well as the long-term expenses too (Shourideh and Zetlin-Jones 2012). The start-up funds normally source their capital from the venture capitalists. The seed capital is provided by the venture capitalists on long-term borrowing basis. However, the firm does not need to pay any interest for the seed capital. It may manage its business with its core objectives as well as expand the same in a long-run. The capitalists may select to opt out from the investment after some contracted period by negotiating the market valuation of the shares or the investment as per the options arrive in due course of time. The issuance of shares by the company may be an option for the capitalists to get back their money in future (Mason and Harrison 2015). The internal sources of financing the expansion has the lowest risk as the firm does not need to pay any interest. Further, the internal source is available without any condition. The cost of the internal sources of finance becomes same as the rate of required return on investment in the business (Fraser, Bhaumik and Wright 2015). The borrowing money from the lenders have high risk with bankruptcy cost in future due to hike in interest rate as well as in low revenue generation in the business (Abe, Troilo and Batsaikhan 2015). The venture capital or pledging the shares expose the risk of the business towards losing the control of management in future. However, there is no bankruptcy cost associated in these types of sources of funds. The internal source of funds has no bankruptcy cost either, or any risk exposed to external environment of the business (Brooks and Mukherjee 2013). Evaluation of appropriate sources of finance There are many types of sources financing the expansion program discussed in the above section. However, it is found that Green Supplies must source its funds from internal reserve, venture capitalist and lease-hiring of equipment from the suppliers. The advantages of all of these have discussed in the above section. However, Green supplies may have some exquisite advantages such as there will be no interest cost for all of these sources. Further, the firm does not need to control over its management except in funding the business by venture capital. The financial expenses like capital and operating cost of the business will be low using these types of funds in the expansion program. Analysis of costs of sources of funds Green Supplies Ltd must use the source like venture capital. Venture capital has no borrowing cost as the firm does not need to repay the loan every month. Therefore, it can expand its business with a long-term objectives. Further, the company does not need much equipment to expand as it has to buy the electronic products and software. Thereby, it is difficult to get the lease from the suppliers of these types of equipment. There will be no change in the income statement of Green Supplies Ltd for taking the funds from venture capitalist. However, the difference will be observed in the balance sheet of the company. The equity section of the firm will show infusion of capital from the capitalist by issuing restricted shares. The investment will go to the asset or in the cash segment of the balance sheet to balance the equation. Importance of financial planning Financial planning is important in a long-run for a business as it forecasts the income and financial position of future. According to Van Auken (2015), financial planning of a business generates the target for the operational people in the business. Additionally, the planning is also important to assess the actual performance of the business with the target value. In case of Green Supplies ltd, the financial planning of the business may provide the management an idea of the future of the financial position. The management also may set target for the future using the plan. The target of business in future as well as the operation can be created using the financial target only (Seuring and Gold 2013). The deviation from the actual performance with the target can be obtained from the planned financial information by the management. Assessment of different information for making decision in business There are many types of stakeholders present in the company. The internal stakeholders are the employees and the management of the firm. Further, the external stakeholders of the firm is suppliers, lenders and the customers. The management of the firm needs to gather information on all of the stakeholders before drawing any decision in the business (Weiss 2014). The management must gather information like salary, bonus, working capacity, attitude of the internal stakeholders. It helps the management to make decision of the operational as well as strategic changing in the organisation. Additionally, the target of the board of directors also requires in making decision as the return on investment is mainly deduced on basis of this information. The external information such as customers buying behaviour and their purchasing power are important in making decision regarding the business outcomes (Matos and Silvestre 2013). The management must sue the information of the economic opportunit y can be obtained from the lenders as it may reduce the cost of borrowing. The information of the suppliers is necessary as the availability of the products and operations in production facility are highly depended on time of supply of the products (Hauswald and Hack 2013). Therefore, a management needs specific information from every stakeholders of the business. Impact of loan and equity finances on the balance sheet The loan finances can influence the balance sheet as well as income statement. The cost of interest grows in the income statement due to infusing of debt in the balance sheet. The balance sheet equation also enriches with more liabilities as well as assets in the balance sheet (Chaudhry et al. 2015). The equity finances change the equation in the balance sheet only. It has no influence on the income statement as it has no cost or accrued presentation on the income statement normally (Kwon, Heo and Hwang 2014). June, 1 July, 1 August, 1 September, 1 opening cash balance 75000 -295000 -275000 -240000 cash sales 60000 70000 75000 85000 cash from past credit sales 550000 630000 770000 cash purchase 310000 450000 500000 520000 Credit payment 55000 65000 60000 Rent 30000 30000 loan repayment 15000 15000 15000 15000 Other expenses 75000 80000 90000 95000 Closing balance -295000 -275000 -240000 -105000 Net cash after September -915000 From the above analysis of cash budget, we can see that the business of Heath limited has a deficit of 915000 at the end of September, 2015. However, the situation can be dealt by borrowing overdraft from the bank to equate the deficit with the borrowed money at the end of the month. Further, the management may reduce the credit term of the buyers at 15 days so that half of the credit can be collected from the market within the month of the sales. It would reduce the deficit of cash in the first two months. In the last month, there would be surplus of cash in the company for going with this strategy (Cunningham et al. 2012). Fixed cost/unit 100 variable cost/unit 150 total cost/unit 250 Total cost for 550 units 137500 Selling Price for 550 units 195 at 30% mark-up price Fixed cost/unit 100 variable cost/unit 150 total cost/unit 250 Selling Price for 550 units 187.5 at 25% mark-up price cost/unit for additional 1500 150 total cost 225000 SP /unit 187.5 Total revenue 281250 total cost 259375 profit on 1500 unit 21875 The above tables show the investment analysis of the three projects using NPV and payback period methods. According to Parsons and Tinkelman (2013) NPV method is suitable to analyse the investment in different projects with having same rate of return. However, the individual period of the different projects may be different. In this technique of appraisal, the projects of different period and investment can be analysed by evaluating the rate of return in present value. However, the method cannot show the comparison of sustainable advantage from any project. The risk of the investment also cannot be predicted using the NPV method (Cilloni, Marinoni and Merino 2013). The payback period ensures the return of the invested sum. In this method, the investors may get the information of risk of period that they have to bear to get back the investment from the projects (Schroeder, Clark and Cathey 2013). However, it does not provide the information of exact return on investment as in this met hod the return on investment is considered in future value. Further, the method estimates the time rather the return on investment (Oberholzer 2013). In this context, the project A is the most viable financially as well as measuring the risk associated with the investment. The payback period of the project A is the lowest as well as the present value of the return is the highest. Therefore, management of Day choice Ltd must go for the project A. Explanation of main financial statements From the business, we may get two types of financial statements income statement and balance sheet. Income statement provides the information on the revenue income of the business on current basis. Further, the current expenses on the operation of the business can be observed in the income statement. However, the capital expenditure cannot be obtained from this statement (Tan 2013). The balance sheet provides the information on current assets and liabilities at the end of the period (Ormiston and Fraser 2013). It also encapsulates the non-current assets and the non-current liabilities of the firms. Further, the equation of balance sheet equates the deficiency in liabilities with assets by the equity present in the business (Huang, Ye and Du 2014). Therefore, the main financial statements generates the information on the revenue income and expenses as well as the financial position of the business. The equation of Income statement is as follows: Income expenses = net profit The equation of balance sheet is as follows: Assets Liabilities = Capital Comparison of financial statements of a Sole trader and a Public Limited company The financial statement of Sole trader comprises of trading and profit loss statement of a period. It also adds the balance sheet in its statement of finance (ZHU, ZHANG and ZHANG 2014). However, the financial statement of a Sole trader also generates information of personal other income in the statement. Thereby, the financial income or loss can be offset by other personal income or losses (Bucci 2014). Additionally, in a sole traders financial statement, the balance sheet is optional while it is mandatory for the public limited company (Wei 2014). The reason is to provide clear information on financial position of the company to the shareholders can be produced. However, for a sole trader, the owners know about the position of the balance sheet. In a sole trader account, the profit can be withdrawn as cash without any tax treatment. But, the same treatment is not possible in case of public limited company. Personal borrowing is also possible from the business account while only th e directors can borrow with certain limitation in a publicly traded company (Gov.uk, 2016). The publicly traded companies pay tax under corporate tax while the sole traders pay class 4 income tax on taxable profit (Fairlie 2012). Interpretation of financial ratios From the ratio analysis of wholesale and retail business we can see that both the segment have different financial ratios. According to Brooks and Mukherjee (2013), profit margin of the revenue operation can be obtained by analysing the gross and net profit margin of the business. Thereby, profitability of Wholesale and retail segments have different profitability. The gross margins were same both in wholesale and retail segments. However, the difference was seen in net margin. The retail segment has made more profit in the year than the wholesale segment. The current ratio of a business shows the presence of liquidity in the business. The liquidity is measured to understand the situation of cash or the liquid assets compare to the current obligations. Therefore, liquidity measurement is important for the analyst to know the capacity to meet the current liabilities with the existing balance sheet (Lipman 2016). In this context, the current ratio of retail business was higher than the wholesale business. Further, the quick ratio of retail segment was higher than that of the wholesale segment. The gearing ratio provides the information on gearing funds with respect to the existing capital in the business. Thereby, it posits the analysis of external funds in the business. Wholesale business retail business gross profit margin 27% 27% net profit margin 15% 17% current ratio 1.62 1.72 quick ratio 0.70 0.92 gearing ratio 1.32 1.11 References Abe, M., Troilo, M. and Batsaikhan, O., 2015. Financing small and medium enterprises in Asia and the Pacific.Journal of Entrepreneurship and Public Policy,4(1), pp.2-32. Branch, S.B., 2013. Financing-SME Research and Statistics.Small,2013, pp.08-15. Brooks, R. and Mukherjee, A.K., 2013.Financial management: core concepts. Pearson. Bucci, R.V., 2014. Income Statement. InMedicine and Business(pp. 41-48). Springer International Publishing. Chandra, A. and Medrano Silva, M.A., 2012. Business incubation in chile: Development, financing and financial services.Journal of technology management innovation,7(2), pp.1-13. Chaudhry, A., Coetsee, D., Bakker, E., Varughese, S., McIlwaine, S., Fuller, C., Rands, E., de Vos, N., Longmore, S. and Balasubramanian, T.V., 2015. Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity.2015 Interpretation and Application of International Financial Reporting Standards, pp.75-94. Cilloni, A., Marinoni, M.A. and Merino, B., 2013. Comprehensive Income, An Historical Perspective. The Development Of Proprietorship And Entity Theories, An International Approach.European Journal of Accounting, Finance Business,1(1), pp.56-78. Cunningham, B.M., Nikolai, L.A., Bazley, J.D., Kavanagh, M., Slaughter, G. and Simmons, S., 2012. The income statement: content and use. Fairlie, R.W., 2012. Immigrant entrepreneurs and small business owners, and their access to financial capital.Small Business Administration, pp.1-46. Fraser, S., Bhaumik, S.K. and Wright, M., 2015. What do we know about entrepreneurial finance and its relationship with growth?.International Small Business Journal,33(1), pp.70-88. Gartner, W.B., Frid, C.J. and Alexander, J.C., 2012. Financing the emerging firm.Small business economics,39(3), pp.745-761. Gov.uk. (2016).Choose a legal structure for your business - GOV.UK. [online] Available at: https://www.gov.uk/business-legal-structures/sole-trader [Accessed 27 Mar. 2016]. Hauswald, H. and Hack, A., 2013. Impact of family control/influence on stakeholders perceptions of benevolence.Family Business Review,26(4), pp.356-373. Huang, Q., Ye, J. and Du, G., 2014, June. Value relevance of comprehensive income in small and medium-size enterprises. InService Systems and Service Management (ICSSSM), 2014 11th International Conference on(pp. 1-5). IEEE Krishnan, K., Nandy, D. and Puri, M., 2014. Does financing spur small business productivity? Evidence from a natural experiment.Review of Financial Studies, p.hhu087. Kwon, S.Y., Heo, J. and Hwang, Y., 2014. Value Relevance of Operating Income Self-Reported by Managers under IFRS in Korea. Lipman, F.D., 2016.New Methods of Financing Your Business in the United States: A Strategic Analysis. World Scientific. Mason, C.M. and Harrison, R.T., 2015. Business angel investment activity in the financial crisis: UK evidence and policy implications.Environment and Planning C: Government and Policy,33(1), pp.43-60. Matos, S. and Silvestre, B.S., 2013. Managing stakeholder relations when developing sustainable business models: the case of the Brazilian energy sector.Journal of Cleaner Production,45, pp.61-73. Nehf, J.P., Cohen, M.L., Fried, J.S. and Tierney Jr, G.M., 2015. Financing the Business.NY Practice Guide: Business and Commercial,2 Oberholzer, M., 2013. A Non-Parametric Comparison Among Firms' Income Statement-Based And Balance Sheet-Based Performance.The International Business Economics Research Journal (Online),12(11), p.1467. Ormiston, A. and Fraser, L.M., 2013.Understanding financial statements. Pearson Education. Parsons, L.M. and Tinkelman, D., 2013. Testing the feasibility of small multiples of sparklines to display semimonthly income statement data.International Journal of Accounting Information Systems,14(1), pp.58-76. Schreiber, U., 2013. International Tax Planning and Accounting for Income Taxes. InInternational Company Taxation(pp. 135-149). Springer Berlin Heidelberg. Schroeder, R.G., Clark, M.W. and Cathey, J.M., 2013.Financial accounting theory and analysis: text and cases. Wiley Global Education. Seuring, S. and Gold, S., 2013. Sustainability management beyond corporate boundaries: from stakeholders to performance.Journal of Cleaner Production,56, pp.1-6. Shourideh, A. and Zetlin-Jones, A., 2012. External financing and the role of financial frictions over the business cycle: Measurement and theory.Available at SSRN 2062357. Tan, K., 2013. An Income Statement Teaching Approach for Cost-Volume-Profit (CVP) Analysis by Using a Companys CVP Model.Journal of Accounting and Finance, v. 11, no. 4, p. 23-36. Van Auken, H., 2015. An empirical investigation of bootstrap financing among small firms.Journal of Small Business Strategy,14(2), pp.22-36. Wei, X., 2014. The Contrast Research of Presentation and Disclosure about Other Comprehensive Income.Applied Mechanics Materials. Weiss, J.W., 2014.Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers. ZHU, M.F., ZHANG, Q.Y. and ZHANG, S.F., 2014. Profit Operating Activities, Profit of Non-profit Organization and Design of Income Statement.Accounting and Finance,2, p.007.

Spiritual Growth Essay Example

Spiritual Growth Essay People are born into a world in which there are some objects and processes which are to them fully understandable and others that are not. When man releases his hold on a stone which he has held in his hand and it falls to the ground, the result is always the same, and there is nothing to excite any feeling of dependence on unknown forces. Birth, however, and growth and sexual relations and death and success in fishing or hunting and agriculture are all matters in which man is not his own master and appears to be dealing with something uncanny. This distinction is fundamental, and we can observe it in the behaviour of animals. Where man differs from the animals so far as we yet know is that throughout as much of his evolution as is known to us he has normally not remained supine but has striven to take a positive attitude and assume a definite line of conduct towards these mysteries.To be converted, to be regenerated, to receive grace, to experience religion, to gain an assurance, are so many phrases which denote the process, gradual or sudden, by which a self hitherto divided, and consciously wrong inferior and unhappy, becomes unified and consciously right superior and happy, in consequence of its firmer hold upon religious realities. This at least is what conversion signifies in general terms, whether or not we believe that a direct divine operation is needed to bring such a moral change about (Cohen 65).Conversion is neither the time of disbelief nor the time of belief. It is the passage between them; this is why some specialists prefer to speak of converting instead of conversion (Rambo and Farhadian 1999). Conversion is the moment when one ceases to disbelieve and starts to believe. There can be oscillations between belief and disbelief, but there cannot be any coexistence of both. It is a consequence of the principle of non contradiction: one may believe in God and not believe in the Holy Trinity, but one cannot both believe in God and not believe in H im at the same time, since this would contradict the very idea of believing in something. Conversion is therefore a punctual event, and not a durative one.As Christian conversion transforms an initial global commitment of religious faith into a psychologically responsible, intuitive perception of the future, Christian conversion infuses into human experience the theological virtue of hope. As Christian conversion transforms an initial global faith into the intuitive and inferential beliefs which intellectual conversion renders methodologically responsible, Christian conversion infuses into human experience the theological virtue of faith.Initial conversion begins with initial repentance. Initial repentance engages the heart. One repents initially by facing conscious and unconscious negative emotions which blind one to the excellence incarnate in Jesus and in people whose lives resemble His. By negative emotions, I mean shame, guilt, fear, rage, despair. As one brings such negative e motions to healing through conscious ego-integration, the positive emotions have more scope to play. By the positive emotions I mean love, affection, friendship, sympathy, aesthetic sensitivity.One converts initially as a Christian when one acknowledges in Jesus the human embodiment of divine excellence. The beauty of His life makes one desire to follow Him. Christian conversion culminates, then, in a life of discipleship; and the practical, moral demands of discipleship require the conscience to submit to the religious norms and ideals which Jesus embodied and proclaimed. In other words, repentance and practical commitment to Jesus in faith describe the first dynamic of Christian conversion.The first dynamic of Christian conversion exemplifies faith in the broadest sense of that term. We call such faith justifying because it initially rectifies the conscience and puts one in an obediential relationship to a self-revealing God. Justifying faith opens the whole of the person to the t ransforming action of the divine Breath. It therefore requires the subsequent transvaluation through ongoing conversion of the four natural, or secular, forms of conversion: namely, affective, intellectual, personal moral, and socio-political conversion. In transvaluing the other forms of conversion, Christian practice demands, as we have also seen elsewhere, practical progress in hope, faith, charity, and the Christian search for social justice. I have called the religious awareness which results from the ongoing transvaluation of the four natural forms of conversion â€Å"Christological knowing† because it assimilates one to Jesus in the power of His Breath.Logic of ConversionEvery religious conversion contains a language. The way in which people change and represent their spiritual evolution is often determined by recurrent structures. A foundational analysis of the gracing of the natural forms of conversion discovers an intuitive, passionate element in theological hope, i n theological faith, and in theological love. Hope dwells primarily at an affective level. Theological hope heals, perfects, and elevates natural human hopes by making God their future and by insuring that humans hope for the same realities which God does. The God revealed in Jesus, however, wills the establishment of His reign on earth as in heaven through the creation of faith-filled communities of sharing, mutual forgiveness, and worship. Inevitably, then Christian hope embodies a deeply affective perception of ones interpersonal relationship with God and with other persons. It therefore qualifies as a passion. Because it comes from God and leads to God, Christian hope also qualifies as a theological passion. The theological passion of hope motivates the graced acts of hope which infuse the theological virtue of hope.Christian faith too has a passionate dimension. In my own case, conversion began by attending Christian churches. Even before conversion I experienced great pleasure in finding myself in a church of the Christian religion. Not habit, therefore, but the pleasure of forming the habit, began the conversional process. It can be easily understood that participation in the sacraments, and the performance of the simple ceremonies which belong to the cult, assist in producing a complete conversion, and once the conversion is effected, strengthen it powerfully, as in my case, and many other converts.Theological faith heals, perfects, and elevates me by conforming to the normative historical revelation of God which we have received in Christ Jesus and in His illuminating Breath. Belief, however, comes in two forms: intuition and inference. Intuitive beliefs engage human affective perceptions and judgment. Because Christian faith believes in a tri-personal God and in the human community of faith which proceeds from the historical revelation of that God, like hope faith grasps and grapples with affectively complex interpersonal relationships. As the affect ive grasp of interpersonal relationships, faith, like hope, qualifies as a passion. Its focus on divine things makes it theological. The theological passion of faith motivates the graced acts of faith which infuse the theological virtue of faith (Leone 2003).The theological virtue of charity also engages my heart. Hypothetical thinking engages the intuitive mind; but deductive and inductive inference proceed dispassionately according to the rules of logic, even though rational thought never loses affective connotations. All other forms of human knowing engage the imagination and the affections directly. When we love other persons we perceive them with affective benevolence and act toward them in ways which embody that benevolence. Christian love finds its motive and ultimate object in God and in those persons whom God loves. The God of Jesus Christ loves with an all-encompassing universal benevolence. As the affective perception of human interpersonal relationships, Christian love c ounts as a human passion. Its focus on God makes it into a theological passion. The theological passion of love motivates the graced acts of love which infuse the theological virtue of charity.By committing my heart to the practical establishment of Gods reign on earth, my Christian hope mounts a frontal assault on the causes of despair: pain, frustration, failure, oppression. It inserts those tempted to despair into a healing community of hope. When personal hopes dwindle, the shared hopes and longings of the Christian community have the power to nurture hope and longing in the despondent. Despair stifles the imagination. Christian hope, by contrast challenges the human imagination to allow Gods Breath to expand it to embrace the dawning reality of our future in Christ.Finally, Christian hope universalizes the natural aspirations of my heart by teaching it to hope the best for all people. Left to its own resources, natural hopes content themselves with wishing only ones own well. N atural hopes ordinarily leave out enemies, aliens, and strangers.As Christian I see myself and others truly when I view both with Jesus own compassionate eyes. We see one another truly when we forgive one another with the forgiveness of Christ. That forgiveness recognizes in every human person the capacity to repent of past sins and failings. Graced repentance creates a new capacity to live for and in God and to serve others in Jesus image. As a consequence, Christian faith will not tolerate the hypocritical rationalization of sin, injustice, and immorality. My Christian love heals all the other passionate disorders by expanding my heart to embrace the triune God and the entire human family. Christian love also replaces all seven deadly sins with charitable benevolence toward all.Jesus loved not just theoretically but practically. Christian love begins with practical concern to meet the basic physical needs of all people. It creates a community of sharing in which the least members of human society receive the greatest care, concern, and honor and in which the great and powerful serve the rest. The synoptic gospels, which best preserve Jesus proclamation of the kingdom, all testify to these practical demands of Christian love.Charity heals hatred through forgiveness in the name and image of Jesus. While hatred divides people from one another and encourages violence by destroying communication among enemies, the practical demands of Christian love reconcile enemies and teach them to love one another. Reconciliation teaches me to look for the best in people rather personal conversion to Christ.The Holy Christian ChurchThe Church is the earthly family of God, the place where the fact of the universal divine Fatherhood is recognized and where there is made at all events a sustained effort to carry out its implications. Where there is fatherhood there must be the family. Only by sharing in the life of the family is it possible to have fellowship with the father. Th e Fatherhood of God implies the brotherhood of man.It is not possible to love the Father acceptably while in a state of chronic estrangement from the brethren. When God calls us to Himself He calls us at the same time to each other. That God has created a Church for men to belong to is an essential part of the gospel. Belief in the reality of a Church, a world-wide fellowship of the faithful, created by God the Son and indwelt by the Holy Spirit for the Fathers Glory, is an essential article of the Christian Faith, and hence the Creed boldly sets it side by side with belief in God Himself as a matter of comparable importance. We believe in the divine Fatherhood and the human brotherhood. Without the belief in the Fatherhood, faith in the brotherhood would be sheer nonsense. Where the brotherhood is not acknowledged both in theory and practice, the reality of the divine Fatherhood is by implication denied. Where there is no churchmanship there is no true Christianity.There is, of cou rse, a sense in which it is true to say that God is the Father of all men, churchmen and nonchurchmen alike. Gods attitude towards all men is certainly paternal but the attitude of men to God is far from being perfectly filial. The perfect Son is the eternal Son and we can only become true sons of God by learning what perfect sonship means from Christ, by sharing increasingly His attitude towards the Eternal Father and His unity with the Eternal Father. It is in that state of unity with Christ, and with each other for His sake, which we call the Church that the sons are reconciled to the Father and begin to live again their family life with Him.The Church is described in the Bible as the Body of Christ. It is the visible agent which He now employs to make known His presence and carry on His work. It is, indeed, a kind of diffusion and extension of the Incarnation, so that, in and through the Church, Christ still continues to live an earthly life. The Church is thus not a mundane ass ociation of like-minded human beings, united by a common admiration for the personality of Jesus and a common reverence for His teaching. No early Christian ever said or thought that the life of Jesus was such a superbly good thing that the world must never be allowed to forget it, and that those who had known Him ought to form a society, to be known as the Church, for perpetuating His memory. Christ gave the Church to men. It is not a human contrivance. The Church was designed by God for our salvation. It was not created by men as an ingenious way of giving Him glory. Churchmanship is not therefore a superfluous excellence, one way among many of serving God on earth, and perhaps the best way for those disposed by temperament to enjoy participation in its mode of life. Membership of the Church, on the contrary, is a universal human duty, and to turn deliberately away from it is to spurn Gods gift, to disobey His will and to frustrate His purpose. Because churchmanship is a duty, non -churchmanship is a sin.Moral and Ethical GrowthIn living fellowship with Christ the natural powers of the regenerate are put at His disposal, whereby there is produced a life akin to His perfection and blessedness; and this is the state of Sanctification (Mackintosh 505).Sanctification as an effect of the Spirit is already implicit in the modifier â€Å"Holy.† The texts in which Paul speaks of this effect of the Spirit are many. â€Å"God chose you from the beginning to be saved, through sanctification by the Spirit and belief in the truth† (Dabney 36). Although sanctification radically means consecration, a once for all setting aside of a thing or a person for Gods service, it also has in Paul a strong ethical sense, as can be see from 1 Thes 4:1–8, where Paul says, â€Å"This is the will of God, your sanctification,† and then goes on to define it in terms of sexual morality, concluding: â€Å"God has not called us to uncleanness, but holiness. Therefo re whoever disregards this, disregards not man but God, who gives his Holy Spirit to you.† The present tense â€Å"gives† is significant. God is constantly giving the Holy Spirit to the believer, just as living water, image of the Spirit, is constantly flowing. The ethical demands and power of the Spirit are elaborated in great detail in Romans 8:1–13, Pauls favorite contrast of the flesh and the spirit, as in Gal 5:16–25, where he pits the fruit (singular) of the Spirit against the works (plural) of the flesh.The retention of the term sanctification is justified because it is scriptural. But as it depends on a rather indefinite concept of the holy, a concept which divergent interpretations and usages have made yet more intricate, a still further exposition is necessary if it is to be used in Dogmatics. The first etymological consideration that has to be taken into account is the Old Testament use of the word for everything separated from ordinary social l ife and devoted to some use relating to God. This relation to God, however, makes no difference in any activity due to an impulse proceeding from Christ; for since it is produced by the absolutely powerful God-consciousness of Christ, it of itself includes severance from participation in the common sinful life. And fellowship being essential to human nature, this of itself supplies a basis fork an active tendency to a new common life; just as, owing to its Old Testament use noted above, the expression carries with it the priestly dignity of all Christians and represents the new common life as a spiritual temple. So that the state of sanctification too may be regarded as service in this temple.The second consideration is the connexion of the term with holiness as a Divine attribute; for of course we hold by the interpretation of this given above. It is, however, also clear that the regenerate man, through the manner of life, develops a conscience also in others, in proportion as all his activities diverge from what happens in the common sinful life.In both its aspects, however, we cannot call this condition holiness—that is, being holy—but sanctification, which means becoming holy, sanctifying oneself; which we call sanctification, because it is a striving for holiness. If the meaning were being holy, it would imply that a complete transformation had occurred at the moment of regeneration, every link with the sinful common life entirely ceasing, and the whole nature being completely and instantaneously penetrated by the life of Christ and brought under His sway.The Godward ImpulsePrayer and worship, based on and guided by the conviction that God has revealed His Nature and Purpose in Jesus Christ, are thus the essential characteristics of the Christian life. Few words are more completely misunderstood than the familiar word prayer. It is conventionally interpreted as though it meant a kind of spiritual bombardment of the Deity with a series of sel finterested human requests, slackening somewhat during those periods when life is more or less kind to us and growing more urgent whenever she frowns. All this is mere caricature. Prayer has been better described as the ascent of the mind to God; it is an offering of the self to God, the spreading out before Him of the whole content of the conscious mind, the submission of the disordered human will, confused and weakened by the endless conflict of opposite motives and mutually exclusive desires, to the perfect will of God.The underlying psychological and spiritual urge which has impelled men of all religions and all stages of mental development and civilization to prayer is the human longing to be completely known and perfectly understood. The same urge makes the anxious man open his heart to his friend, directs the neurotic to the consulting room of the psycho-analyst and prompts the penitent to seek absolution from his confessor. But the longing which each of these valuable and ef fective expedients can satisfy to a certain extent is completely set at rest only in communion with God, only when the long persevering life of prayer culminates in final vision.Who really knows me through and through? It is a decisive question, one which leads as surely to prayer as prayer at long last leads to God. Experience will teach the man who asks it that he will never be perfectly understood by other people, not even by those with whom he is in closest sympathy. Even his dearest friends will fail sometimes to see things as he sees them, or manifest surprise at some word or action which he feels to be necessitated by the very nature of his personality. He will discover that he in his turn fails to achieve a complete understanding of them. It is possible to have known and loved a man for a lifetime and yet to observe with a sudden shock some hitherto unsuspected facet of his character. But our self-knowledge is as partial and defective as our understanding of others. Again an d again in life a man surprises even himself. The trite remark that it is good for us to see ourselves as others see us is an admission that our self-knowledge is inevitably onesided and incomplete.Who really knows me through and through? No man sees and understands me whole and entire. The inner mystery of my being is not visible even to myself. I am driven back upon the fundamental truth that a created thing is perfectly understood only by its creator. The standpoint of the creator is the only one from which the whole truth can be seen. We understand best and most intimately what we have ourselves constructed. The poet is the best interpreter of his poem, the artist of his picture, the craftsman of his craft. Even so the whole truth about man is only visible to God. It is this frustration of mans desire for understanding and sympathy on the natural level that drives him to that supernatural intercourse with the God, to whom all hearts are open, all desires known and from whom no s ecrets are hid. Thou that hearest the prayer, unto Thee shall all flesh come.St. Paul is fired by the same thought as he reflects for a moment on the far-off goal of the life of prayer and cries out, Then shall I know even as already I am known (Ramsey 67). God already possesses a perfect knowledge and vision of man, and man, his appetite stimulated and desire kindled by this imperfect and one-sided intercourse, presses slowly forwards in his quest for a more adequate knowledge and vision of God.To pray is a great adventure for me, a launching out into the uncharted spiritual spaces which separate God and me. It is a costly adventure, demanding, like all worth-while enterprises, self-discipline and sacrifice. It is at this point that morality and goodness become plainly relevant to my life as prayer. For   me to live a Godcentred life, my own personal and moral perfection is not an end in itself. It is a means to the higher end of finding fellowship with God. I do not pray in orde r that I may succeed in living what is called a good life. Rather I strive to live a good life in order that I may pray. Such goodness as the Christian attains is not the central aim and purpose of my existence, dominating my thoughts and energies. It is a by-product of my quest for God. That is why the goodness of godly men is less selfconscious, more graceful and unassuming, than the goodness of the conscious man of morals.For me prayer not in its contractual and magic form, but in the mystic sense is in reality a contact and a fusion. It is through the power of prayer that the suppliant attains to momentary identification with the divine power supplicated. It has been observed that in the ancient religions of Egypt, Assyria, Phcenicia, and Greece, as well as in those of to-day, the supplicants in prayer have used gestures identical with those attributed to the deity. This has come to be interpreted, not as an imitation, but as a momentary projection and identification of the wo rshippers soul with the soul of God.

A Complete List of Shakespeare’s Plays

A Complete List of Shakespeare’s Plays Scholars of Elizabethan drama believe that William Shakespeare wrote at least 38 plays between 1590 and 1612. These dramatic works encompass a wide range of subjects and styles, from the playful A Midsummer Nights Dream to the gloomy Macbeth. Shakespeares plays can be roughly divided into three genres- comedies, histories, and tragedies- though some works, such as The Tempest and The Winters Tale, straddle the boundaries between these categories. Shakespeares first play is generally believed to be Henry VI Part I, a history play about English politics in the years leading up to the Wars of the Roses. The play was possibly a collaboration between Shakespeare and Christopher Marlowe, another Elizabethan dramatist who is best known for his tragedy Doctor Faustus. Shakespeares last play is believed to be The Two Noble Kinsmen, a tragicomedy co-written with John Fletcher in 1613, three years before Shakespeares death. Shakespeare's Plays in Chronological Order The exact order of the composition and performances of Shakespeare’s plays is difficult to prove- and therefore often disputed. The dates listed below are approximate and are based on the general consensus of when the plays were first performed: Henry VI Part I (1589-1590)Henry VI Part II (1590-1591)Henry VI Part III (1590-1591)Richard III (1592-1593)The Comedy of Errors (1592-1593)Titus Andronicus (1593-1594)The Taming of the Shrew (1593-1594)The Two Gentlemen of Verona (1594-1595)Love’s Labour’s Lost (1594-1595)Romeo and Juliet (1594-1595)Richard II (1595-1596)A Midsummer Night’s Dream (1595-1596)King John (1596-1597)The Merchant of Venice (1596-1597)Henry IV Part I (1597-1598)Henry IV Part II (1597-1598)Much Ado About Nothing (1598-1599)Henry V (1598-1599)Julius Caesar (1599-1600)As You Like It (1599-1600)Twelfth Night (1599-1600)Hamlet (1600-1601)The Merry Wives of Windsor (1600-1601)Troilus and Cressida (1601-1602)All’s Well That Ends Well (1602-1603)Measure for Measure (1604-1605)Othello (1604-1605)King Lear (1605-1606)Macbeth (1605-1606)Antony and Cleopatra (1606-1607)Coriolanus (1607-1608)Timon of Athens (1607-1608)Pericles (1608-1609)Cymbeline (1609-1610) The Winter’s Tale (1610-1611)The Tempest (1611-1612)Henry VIII (1612-1613)The Two Noble Kinsmen (1612-1613) Dating the Plays The chronology of Shakespeares plays remains a matter of some scholarly debate. Current consensus is based on a constellation of different data points, including publication information (dates taken from titles pages, etc.), known performance dates, and information from contemporary diaries and other records. Though each play can be assigned a narrow date range, it is impossible to know exactly which year any one of Shakespeares plays was composed. Even when exact performance dates are known, nothing conclusive can be said about when each play was written. Further complicating the matter is the fact that many of Shakespeares plays exist in multiple editions, making it even more difficult to determine when the authoritative versions were completed. For example, there are several surviving versions of Hamlet, three of which were printed in the First Quarto, Second Quarto, and First Folio, respectively. The version printed in the Second Quarto is the longest version of Hamlet, though it does not include over 50 lines that appear in the First Folio version. Modern scholarly editions of the play contain material from multiple sources. Authorship Controversy Another controversial question regarding Shakespeares bibliography is whether the Bard actually authored all of the plays assigned to his name. In the 19th century, a number of literary historians popularized the so-called anti-Stratfordian theory, which held that Shakespeares plays were actually the work of Francis Bacon, Christopher Marlowe, or possibly a group of playwrights. Subsequent scholars, however, have dismissed this theory, and the current consensus is that Shakespeare- the man born in Stratford-upon-Avon in 1564- did in fact write all of the plays that bear his name. Nevertheless, there is strong evidence that some of Shakespeares plays were collaborations. In 2016, a group of scholars performed an analysis of all three parts of Henry VI and came to the conclusion that the play includes the work of Christopher Marlowe. Future editions of the play published by Oxford University Press will credit Marlowe as co-author. Another play, The Two Noble Kinsmen, was co-written with John Fletcher, who also worked with Shakespeare on the lost play Cardenio. Some scholars believe that Shakespeare may have also collaborated with George Peele, an English dramatist and poet; George Wilkins, an English dramatist and inn-keeper; and Thomas Middleton, a successful author of numerous stage works, including comedies, tragedies, and pageants.

Structure of organization of a clinic Assignment

Structure of organization of a clinic - Assignment Example When laying off employees, treat them with respect, not like they are criminals. Be objective and  prepare  exit  benefits for them guided by the time they have worked for the organization, the titles they  hold  and their outstanding contribution to the organization. Making decisions on lay off and determining which employees and positions to let go, it is  responsible  to protect employee privacy. It is unethical to discuss issues regarding lay off in  common  areas. Documents containing information regarding layoffs must  be  confidential. Changes  introduction  in nursing care delivery In order to  deliver  similar or better services as it was before the downsize, it is necessary to  motivate  the remaining employees so that they may not  feel  overburden. Setting up a new framework on the duties and responsibilities will be  necessary. Employees should be given guidelines on how to cope with the work load. Employees may be required to work in  several  areas. For example, a nurse who used to work in one  ward  may be required to work in two wards. A procedural  framework  may also be  necessary. Services issued by  different  employees may be given by one employee. ... es, CEO,  SVP  Patient services,  SVP  Maternal Child  division, labor and Delivery manager, Maternal Child Manager, Paediatric Manager, Assistant Nurse of Clinical Coordinator, Staff RN, Nursing Assistants and Scrub Technician. Organizational structure is a system ensuring that all employees  get  coordinated to ensure the company achieves its goals. This  organization  structure  is  effective  because all these people oversees and coordinates employees and all the activities of the organization. The board of trustees acts in the best interests of the organization (Nelson &  Whitcomb,  2002). Board of trustees comprises of shareholders who oversee all the activities conducted are beneficial to the organization. The board of trustees exercises their powers for the financial benefit of the organization. Their inclusion in the organization is  crucial. This  organization  is  effective  as it includes a CEO. The CEO is responsible for success of t he organization. The CEO is responsible for Operations, marketing strategy, human resources, financing, hiring, creation of  company  culture, firing, compliance with safety regulations, PR, sales amongst other duties. His/ her responsibilities cannot be delegated. SVP  Maternal Child  division  deals with all programs of reproductive health, making it an essential component of the organization. Labor and  deliver  manager oversees employees in labour and  delivery  department. He/she ensure that patients  get  treatment and taken care of  well. He/she ensures that all operations are running well, in areas experiencing difficulty he finds for solutions. He/ she is responsible for the program and structural development making him or her an  influential  person in the organization structure. Paediatric manager makes sure that all

Honest Graft Essay Example | Topics and Well Written Essays - 750 words

Honest Graft - Essay Example believed that an honest graft is one which is because of the foreseeing power of an individual and it does not involve the money of treasury or the state government. He described honest graft as one in which an individual foresees an upcoming opportunity and avails it for his benefit. For example if the individual realizes that the government may be wanting space to build a park on a specific land, he would buy that land before hand so that he can sell it later on a higher price. Whereas in dishonest graft there is involvement of black money that is from sources such as gambling and treasury. An example of this is when an individual steals money from the treasury and utilizes it for his own use. I agree with Plunkitt as the honest graft can be a business in itself and this can be done by any individual who knows how to avail opportunities. Plunkitt had his own standpoint in politics. He criticized the reformers and their role in politics in the mid to late 1800’s. He believed that reformers were just the beginners in the game of politics. They were not able to interpret the bluffs and games around which the whole scenario of politics revolved. He opined that they were not able to clean up the government and politics because these individuals who were not even trained for politics tried to enter politics and change the whole scenario. Usually these individuals came out successfully in the beginning but gradually all these reformers had to exit because they were not capable of handling the overall scenario of politics. Plunkitt claimed that his party and all its members were dedicated to their country and the well being of its individuals. Their patriotism could clearly be seen in the incidents quoted in the book when the party members celebrated their independence like nobody else did. As described â€Å"Four hours under a big silk hat in a hall where the heat registers 110 and the smoke 250!† (RIORDIN, Chapter 17) Here it can be clearly seen that the leader

Organizational Strategy of Apple Essay Example | Topics and Well Written Essays - 3500 words

Organizational Strategy of Apple - Essay Example According to the research findings, Apple represents one of the most successful technology companies in the world today since its launch in 1976 as a personal computer manufacturer. The organization which in 1997 was on the brink of bankruptcy has been able to transform and record profits in the following years due to the production of leading computer software and personal computers that are based on high standards of innovation, prestige, and quality. The cusses of Apple depends on the production of highly innovative hardware and software which have over the years established the company as the leader in an industry where every organization strives to gain a share of the market that readily embraces new technology. Due to the customer loyalty that Apple has been able to establish over the years, therefore, driving sales, the company has featured in several occasions as the first among Fortune magazine’s World’s Most Admired Companies with latest financial results for second quarter ended March 29, 2014 indicating $45.6 billion in revenues and $10.2 billion quarterly net profits. The following sections present an analytical business report focused on different levels of organizational behavior and human resource. The multinational focuses on designing, developing, manufacturing and selling computer-based communication electronics, personal computers, and computer software. The market leader in Apple hardware was the Mac personal computers, but the company soon diversified into the world’s first media player device, iPod, a pioneering smartphone, iPhone and leafing tablet computers, the iPad. In addition, Apple introduced software such as operating systems like iOS and OS X, iTunes, the Safari browser in addition to productivity and creativity suites such as iWork and iLife. The history of Apple marks a dynamic transformation from a personal computer manufacturer to a leading manufacturer of consumer electronics, operating software and cons umer software.

Marketing Analysis of Food Company

Marketing Analysis of Food Company 1.0 Calcium Company (CC) is a wholesale company and has long term presence plan in Auckland, New Zealand. They have invested lots of capital of launch a new product in a market. Calcium Company will be making flavored yogurt for growing kids and children. It has a unique product line which is currently in place. The company will be offering large variety of flavors. It has calcium and other vitamin and minerals in flavored yogurt. This report will look at the SWOT and PEST analysis whereby it helps to make product survive in the market. Moving on, it will go into depth the benefits of the new product in the market. In final report CC will try to launch successful product. Yummy kids will become a very trendy choice for children’s drinking milk and Calcium Company strongly believes that this will become a very meaningful and profitable investment for the future of children in our society. 1.0 Introduction CC was opened in 2006; it was making milk only and then later diversified into flavored yogurt. Since it made huge profit over the years so they decided to make the other profits. They are launching a new product in the market which is flavored yogurt. Their target market is kids 5-14 year old children. It has high content of calcium Objectives are as follows: To meet first year sales projections To grab market share within years time by 25% Plan to diversify other products in next five years time. 3.0 Situation Analysis Marketing information helps managers to make better decisions about their management such as market size and market share. 3.1 Marketing Information Pie chart 1 The above pie chart shows the market share of respective company. 3.2 SWOT Analysis Strength Healthy product Skilful labours Weakness New product Opportunities new product Threat Competitors The SWOT analysis illustrates S+T (3) and W+T (2) so the introduction of the new product is feasible. 3.3 External Environment Analysis Political and Legal factor GST Tax Income level Economic factors Insurance rate Social and Cultural factors Healthy and nutritious Technology factors Availability of resources and technology Advance technology’s Environmental factors Global warming, environmental issues. Changes in temperature can impact on many industries including dairy farming (U.K essays.com 2013). 4.0 Segmentation Strategy 4.1 Segmentation Variables It looks at the cost which is involved in launching of the new product in the competitive market. 4.2 market segment profile They are two competitors in market which is Fonterra and Goodman Fielder. At this stage they are very competitive in the market. So CC is trying to gain market share in the competitive market. 5.0 Targeting Strategy The market will target the competitors. The competitors are Fonterra and Goodman Fielder. This market looks at the age group 5-14 years old. This age group needs calcium and protein in their diet for growth. 5.1 Rational and Strategy CC will have differentiated product in the market for everyone. 6.0 Positioning The above diagram shows where yummy kids places it price which is at c. 7.0 Product The above yummy kids will attract the attention of kids because it’s so color and they name speaks. 7.1 Product Classification Existing Milk product Existing Yogurt product Calcium Fruity yogurt Iced coffee Meadow fresh 7.2 Product Line and Mix CC main product is milk which is the core base of the business later moved ahead with skim and diet milk and introducing drinking chocolate milk. CC company has a reasonable variety of product mix to present their retailers and customers also intend to introduce plain and fruity yoghurt in future. 7.3 Product Branding, Packaging and Labelling Labeling: there is bears photo on the package. It will contain the ingredients and contents on the container. 8.0 Promotion CC will have billboards, magazines and posters in dairy shops. 8.1 Objectives To attract attention of the customer s in the market. 8.2 Promotion Mix The primary objectives of the milk product yummy kids are to firmly establish CC companys brand positioning as well as development strategies to the target market. Therefore objectives of advertising the yummy kids yoghurt are; Increase awareness enlighten the importance of Protein Calcium in growing kids Provide information about the product Let the customers be aware that CC company is 100% New Zealand owned 8.3 Advertising CC will advertise their product on T.V at around children program time. 8.4 Sales Promotion It will be promoted on TV channels in order to attract the attention of the customers. 9.0 Pricing CC will allocate its price at low due it’s a new product in the market. 9.1Pricing Objectives Maximize profit Gain market share 9.2 Pricing Method Hence, the cost of each tub of yummy kids: Material$0.10 Processing cost$0.10 Labour cost$0.10 Total Cost$0.30 Profit margin $0.20 Add GST$0.10 Total cost of a tub of yogurt will be $0.70. 10.0 Distribution 10.1 Distribution channels Wholesalers will deliver the product to retailers and then customers will buy the product from the retailer. 10.2 Factors affecting distribution channel The factors which might affect could be cost of logistic department or they may not arrive on time to deliver the product. 10.3 Distribution intensity It will be distributed to count down, packnsave and other diary stores. 11.0 Control Systems 11.1 Budgeting CC company has budget set for their new product yummy kids. Company will focus on their budget to cater for the new product. Below is the sample budget of launching new product: Expenses Materials$20000 Processing cost$1500 Labour cost$15000 Fixed costs Machines$10000 12.0 ETHICS AND SOCIAL RESPONSIBILTTY 1. Packaging will be biodegradable 2. Product will be thoroughly tested before introducing in the market. 13.0 Conclusion In conclusion, Calcium is added to fruity yogurt in countries which is very popular with kids. Further research was also carried out on the population of Auckland especially focusing on the kid’s population (UK.Essay.com, 2013). This report does not reveal any information of CC Company’s customers and their buying habits who live across New Zealand where yummy kids can be distributed to retails to increase market share and generate return on investment. 14.0 Reference List Statistics New Zealand. (2011). Dairy Product Manufacturing Retrieved from http://businesstoolbox.stats.govt.nz/IndustryProfilerViewProfile.aspx?ProfileID=CC131 Statistics New Zealand. (2012). National Population Estimates: June 2012 Quarter. Retrieved from http://www.stats.govt.nz/browse_for_stats/population/estimates_and_projections/NationalPopulationEstimates_HOTPJun12qtr.aspx Thomadsen, R. (2007). Product Positioning and Competition: The Role of Location in the Fast Food Industry. Marketing Science, pp. 792-792-804. Retrieved from http://ezproxy.aut.ac.nz/login?url=http://search.proquest.com/docview/212253097?accountid=8440

Museum Assignment: Portrait Comparison Between the 17th and 19th Centur

The Flemish seventeenth century artist Peter Paul Reubens and the nineteen century French artist Jean Auguste Dominque Ingres had little in common besides their occupation, as both utilized very different styles in their art. Reubens’s work is classified under the Baroque style, a period between 1600 and 1750 as a contrast to the prior perfection of Renaissance art, whereas Ingres’s work is under Neoclassicism, which praised the Greek and Roman classics that inspired the Renaissance artists (Kleiner). Yet the two separate time periods and painting styles that influenced the painters also share small similarites, through visual quality and iconography. Reuben’s portrait of Susanna Fourment and Ingres’s portrait of Franà §oise Poncelle clearly belong to the specific artistic movements, but some aspects of painting remain timeless, with each artist drawing inspiration from prior work. Peter Paul Reubens’s paintings were heavily influenced by his studio’s location in Antwerp. The city’s banking industry led to an emphasis upon works that a family could purchase, often within the upper middle class instead of the immensely wealthy. This emphasis allotted more time to be put into portraiture, in place of the large scale church altarpieces or palace paintings, which could be displayed in the family’s homes with more modesty. The Baroque period, a term that comes from the Portugese word â€Å"barroco†, or â€Å"irregularly shaped pearl† (Kleiner), is known for its bright colors, emphasis on reality’s relationship to fantasy, theatric quality, and dramatics. Many of Reubens’s paintings are allegorical, colorful, and inspired by numerous artists of the past as well as his current time. After the Renaissance period, artists took the classically influ... ... This painting style emphasized natural human form instead of Smooth finishes replaced thick swirls or dabs of paint to accurately convey the human form, which is shown explicitly in Ingres’s portrait. Although both pieces are portraits, each portrays the subject in differing manners. The harsh lines and blurred strokes convey a mysterious attachment to Reuben’s portrait, whereas the defined lines and photographic detail within Ingres’s portrait attach a formal connotation. The demand for home based patronage spread from Antwerp in the late sixteen hundreds into the early eighteen hundreds in France, yet what makes a portrait truly exemplary moved with the time shift. Each work reflects the time period while continuing to explore parallels between various artistic styles as well as movements, connecting artists together through their differences and similarities.

Relationship Between The Price Of A Bond And Interest Rates

An inverse relationship exists between the prices of bond, and interest rates. As interest rates go up, the bond prices come down. To understand the reason behind this relationship lets consider an example. For instance, if a bond has a par value of $1000 and is currently trading at $950, then the rate of return on the bond is around 5. 26%. Now suppose that the interest rate in the market is 10%. No investors will buy the bond as they are getting a higher return on interest rates. Hence, to make the bond more attractive the bond price is pushed down to match the same return offered by interest rates.On the other hand, if we suppose that the interest rates are at 3%, then everyone will buy the bond, and it will sell at a premium. The price of the bond will increase till it matches the rates provided by interest rates. (Shim & Siegel, 2008) What is the Capital Asset Pricing Model (CAPM) and its primary conclusion? Evaluate the concept of beta. The capital asset pricing model (CAPM) is model developed by William Sharpe that helps in analyzing the relationship between the rate of return and risk.The basic assumption of the model is that the expected rate of return on a stock is equal to the risk-free rate plus a risk premium. The risk premium of the stock depends upon the beta of the stock, which is a measure of the stock’s relative volatility in relation to the market. The model says that if the required rate of return doesn’t equal the expected return then the investment should not be taken. The primary conclusion of this model is that the relevant riskiness of a stock is its contribution to the riskiness of a well-diversified portfolio. (Shim & Siegel, 2008)What is behavioral finance? How does this alternative theory of risk and return add to our understanding of how markets work? Behavioral finance is a relatively new field in which theories from psychology are applied to classical financial principles to understand the performance of markets. It is based on the premise that the market participants don’t make their decisions rationally. Behavioral finance was developed to explain the irrationality in the market that contradicted the efficient market hypothesis. It is closely related to the field of behavioral economics.Two of the major concepts used in behavioral finance to understand market inefficiencies are heuristics and framing. Heuristics refer to the fact that investors may take investment decision based on their personal ideas or values, which may or may not make economic sense to an outsider. Framing refers to the fact that the way the presentation is made to the investor will influence his decision. It is how the idea is ‘framed’ to the investor that will decide what decision the investor will make. (Shim & Siegel, 2008) Research and define technical analysis and fundamental analysis.Provide examples of each type of analysis. Which style of analysis makes the most sense for the long-term invest or? There are two ways of analyzing a stock price, technical analysis and fundamental analysis. In technical analysis, the investor estimates the future price of the stock based on its past prices and market activity. On the other hand, in fundamental analysis, the investor tries to determine the intrinsic value of the stock by analyzing the qualitative and quantitative factors affecting it like industry conditions, company’s cash flow, etc.In the long run, fundamental analysis will make most sense as it places importance on quantitative factors, rather than relying on charts and past trends to predict future performance. To better understand the difference between the two analyses consider both types of analysts in a shopping mall. A fundamental analyst will go to each store, and study the product before deciding whether to buy or not. On the other hand, a technical analyst will base his decision on the activity of people going into each store. (Shim & Siegel, 2008) Relationship Between The Price Of A Bond And Interest Rates An inverse relationship exists between the prices of bond, and interest rates. As interest rates go up, the bond prices come down. To understand the reason behind this relationship lets consider an example. For instance, if a bond has a par value of $1000 and is currently trading at $950, then the rate of return on the bond is around 5. 26%. Now suppose that the interest rate in the market is 10%. No investors will buy the bond as they are getting a higher return on interest rates. Hence, to make the bond more attractive the bond price is pushed down to match the same return offered by interest rates.On the other hand, if we suppose that the interest rates are at 3%, then everyone will buy the bond, and it will sell at a premium. The price of the bond will increase till it matches the rates provided by interest rates. (Shim & Siegel, 2008) What is the Capital Asset Pricing Model (CAPM) and its primary conclusion? Evaluate the concept of beta. The capital asset pricing model (CAPM) is model developed by William Sharpe that helps in analyzing the relationship between the rate of return and risk.The basic assumption of the model is that the expected rate of return on a stock is equal to the risk-free rate plus a risk premium. The risk premium of the stock depends upon the beta of the stock, which is a measure of the stock’s relative volatility in relation to the market. The model says that if the required rate of return doesn’t equal the expected return then the investment should not be taken. The primary conclusion of this model is that the relevant riskiness of a stock is its contribution to the riskiness of a well-diversified portfolio. (Shim & Siegel, 2008)What is behavioral finance? How does this alternative theory of risk and return add to our understanding of how markets work? Behavioral finance is a relatively new field in which theories from psychology are applied to classical financial principles to understand the performance of markets. It is based on the premise that the market participants don’t make their decisions rationally. Behavioral finance was developed to explain the irrationality in the market that contradicted the efficient market hypothesis. It is closely related to the field of behavioral economics.Two of the major concepts used in behavioral finance to understand market inefficiencies are heuristics and framing. Heuristics refer to the fact that investors may take investment decision based on their personal ideas or values, which may or may not make economic sense to an outsider. Framing refers to the fact that the way the presentation is made to the investor will influence his decision. It is how the idea is ‘framed’ to the investor that will decide what decision the investor will make. (Shim & Siegel, 2008) Research and define technical analysis and fundamental analysis.Provide examples of each type of analysis. Which style of analysis makes the most sense for the long-term invest or? There are two ways of analyzing a stock price, technical analysis and fundamental analysis. In technical analysis, the investor estimates the future price of the stock based on its past prices and market activity. On the other hand, in fundamental analysis, the investor tries to determine the intrinsic value of the stock by analyzing the qualitative and quantitative factors affecting it like industry conditions, company’s cash flow, etc.In the long run, fundamental analysis will make most sense as it places importance on quantitative factors, rather than relying on charts and past trends to predict future performance. To better understand the difference between the two analyses consider both types of analysts in a shopping mall. A fundamental analyst will go to each store, and study the product before deciding whether to buy or not. On the other hand, a technical analyst will base his decision on the activity of people going into each store. (Shim & Siegel, 2008)

Famous Quotes Reveal Heart and Soul of America

Famous Quotes Reveal Heart and Soul of America The United States of America was founded on the principles of liberty, and freedom is a value nurtured by every American soul. What is it like to be American? What is the American dream? How does this vast nation of diverse races and religions function as one undivided entity? Discover attributes that are intricately woven into the fabric of American life through these famous American quotes. Adlai Stevenson When an American says that he loves his country, he means not only that he loves the New England hills, the prairies glistening in the sun, the wide and rising plains, the great mountains, and the sea. He means that he loves an inner air, an inner light in which freedom lives and in which a man can draw the breath of self-respect. Max Lerner America is a passionate idea or it is nothing. America is a human brotherhood or it is chaos. Aurora Raigne America, for me, has been the pursuit and catching of happiness. Carrie Latet May I never wake up from the American dream. James Baldwin I love America more than any other country in this world, and, exactly for this reason, I insist on the right to criticize her perpetually. George Washington Government is not reason, it is not eloquence. It is force, and like fire, it is a dangerous servant and a fearful master. Thomas Jefferson I have sworn upon the altar of God, eternal hostility against every form of tyranny over the mind of man. Abraham Lincoln Dont interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. Gen. George Patton No bastard ever won a war by dying for his country. You win the war, by making the other poor dumb bastard die for his country! Winston Churchill You can always count on Americans to do the right thing after theyve tried everything else. Gen. Douglas MacArthur Americans never quit. George W. Bush To those of you who received honors, awards, and distinctions, I say well done. And to the C students, I say you, too, can be president of the United States. Benjamin Franklin Where liberty dwells, there is my country. Theodore Roosevelt This country will not be a good place for any of us to live in unless we make it a good place for all of us to live in. O. Henry If ever there was an aviary overstocked with jays it is that Yaptown-on-the-Hudson called New York. Ayn Rand The skyline of New York is a monument of a splendor that no pyramids or palaces will ever equal or approach. G. K. Chesterton There is nothing the matter with Americans except their ideals. The real American is all right; it is the ideal American who is all wrong.

The Utilitarian Argument of Capitalism Essays

The Utilitarian Argument of Capitalism Essays The Utilitarian Argument of Capitalism Paper The Utilitarian Argument of Capitalism Paper The use of government intervention is a widely disputed phenomenon. Government intervention In an otherwise free market refers to a somewhat mixed economy. In this economy, government Intervention takes place even though the majority of the market is capitalist. This paper aims to explore the utilitarian argument of capitalism and discuss whether government intervention in an otherwise free market leads to inefficiencies on utilitarian grounds. Capitalism refers to a profit or market system (Shaw, 2008; Gray, 2011). In this system, economic catchy is private and operates with the goal of making a profit (Shaw, 2008). According to Shaw (2008). This activity Includes all businesses. Production, distribution, banking and manufacturing, to name but a few. The government only takes responsibility for national expenses such as health care and education and does not enforce any quotas on private business production levels (Shaw, 2008). This means that in a purely capitalist system, there is no government intervention and a free market exists. Basally and Jones (1993) describe this as a market based, customer-driven economy (p. 2). Capitalism has many key features of which four are most important. These include companies, profit motives, competition and private property (Shaw, 2008). In a capitalist system, companies can exist and act as separate legal entities (Gray, 2011; Shaw, 2008). Being a legal entity means that the company has legal rights and obligations and may be tried In a court of law (Shaw, 2008). The employees, shareholders and stakeholders of a particular company are viewed as being separate from the company even though they may work wealth the company or have a say in how it is run. The second feature of a capitalist system is that a companys main motive is to make as much money as possible and thereby maximize its profit (Shaw, 2008). Gray (2011) states that the capitalist system assumes that profit is a result of productivity. This in turn means that having a profit motive encourages workers and employees to be more productive. Competition, the third feature, can be seen as a regulator In the capitalist system; a company who sells poor quality products at exorbitant prices will not receive as much business as a company who sells high quality products at lower costs (Shaw, 2008). The company who has poor products and high prices will therefore be forced to better their products and lower their prices in order to achieve their goal of profit mastication. The fourth key feature is private property. A capitalist system requires that the tangible and intangible means of production, distribution, capital and economic catchy are privately owned (Shaw, 2008). Any profits arising from these means will be that of the owners. Adam Smith, when discussing the political economy of trade, noticed that when individuals were faced with unfamiliar business partners and foreign legal systems, hey would prefer to invest in domestic rather than foreign trade (Wight, 2006). Consequently, their home country would gain in investment, which would increase employment Ana production, amongst toner things. I Nils phenomenon lea to ten invisible hand argument: when people pursue their own interests, they will ultimately, without aiming to do so, create the greatest utility for the greatest number of people (Shaw, 2008). This concept of the invisible hand can be used as a proxy for the utilitarian argument of capitalism. Smith (1776) (as cited in Shaw, 2008) illustrates his concept by stating that it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest (p. 130). According to Shaw (2008), the free and unrestrained market that exists under capitalism is more efficient and productive than any other system. This may be because in a free and unrestrained market an individual has the freedom to pursue his interests without any government restriction. One may then argue that government intervention may move some people away from the realization of their own self-interest. Through this reasoning, it can be said that government policies and regulations would not necessarily lead to the greatest amount of efficiency. Smith (1776) (as cited in Shaw, 2008) suggests that the removal of government policies and regulations on various resources such as raw materials, markets and labor would lead to the greatest amount of efficiency in a system. Shaw (2008) reasons that if consumers were freely allowed to choose what they bought and suppliers were freely allowed to choose what they sold and how they produced it, there would be no need for government intervention. The law of supply and demand would regulate the market and it would reach equilibrium. The law of supply and demand proposes that in the same way competition keeps an individual from becoming a ruthless profiteer (p. 131), it would be in an individuals best interest to sell an adequate amount of goods at fair prices (Shaw, 2008). Since China opened up its socialist economy to free market activities in 1978, it has experienced large benefits in many aspects (Presley, 2011). Expansion in the Chinese economy has led to decreased poverty, increased stability and a better standard of fife (Presley, 2011). From 1978 to 2011, Chinas Gross Domestic Profit has increased from $216 billion dollars to $5. 8 trillion dollars, the share of world economy has increased from 1. 8% to 9. 5% and the annual per income capita has increased from $266 to $4300 (Presley, 2011). This example proves that free market activities can in many ways create a greater good for a greater number of people. The utilitarian argument that Adam Smith puts forward assumes that people are self- interested, rational beings who are fully aware of the diverse range, price structure, laity and differences and similarities of the products available in the market (Shaw, 2008). In reality, large companies use tactics to manipulate the consumer and thereby reach their profit objectives (Shaw, 2008). Therefore, even with aid, it would be difficult for a consumer to make the rational, self-interested choices that Adam Smith assumes we as consumers are able to make. Capitalism requires perfect competition. For tons to occur, all Monolinguals Walton ten system must take market prices as parameters that they cannot control or change (Dobbin, 1991). This, however, is not the case in todays market. Dobbin (1991) suggests that market prices are not impersonal data (p. 7) but the result of decisions and negotiations between companies and individuals. Depending on the amount of power a company has, they could control their prices on their own or collude with other firms to set prices at profit maximizing levels. This means that many companies practice predatory pricing and create monopolies and oligopolies (Winfield, 2011). The lowest possible economic cost to society is therefore not being obtained, which in urn means that the system is not socially efficient and does not create the greatest good for the greatest number of people (Winfield, 2011). John Keynes challenged Adam Smith by opposing the idea that the law of supply and demand regulates the market (Dobbin, 1991). As mentioned previously, Shaw (2008) reasons that if consumers were freely allowed to choose what they bought, and there would be no need for government intervention. Keynes, however, realized that demand determines the amount a business supplies, as a business will only produce what it expects others will buy (Investigated, 2011). Keynes suggests that government intervention through fiscal and monetary policy should be used to control demand, which would enable full employment and levels of supply to be determined (Investigated, 2011). The utilitarian view of capitalism requires information symmetry. Information asymmetry occurs when the producer has more superior knowledge of the product than the consumer does (Investigated, 2011). This problem is illustrated in George Croakers Market for Lemons; sellers of poor quality goods and services have incentive to market their products as though they are of higher quality and better tankard to maximize their profit objectives (Investigated, 2011). This does not lead to price equilibrium. Instead, the distrust in the system may result in a no-trade equilibrium, which can lead to entire market failures. This is known as adverse selection (Investigated, 2011). Moral hazards are also caused by information asymmetry as people are more likely to take risks (Winfield, 2011). When individuals are exposed to poor quality goods, possible market failures, distrust and moral hazards, the greatest amount of good for the greatest number of people is not created. Government intervention can be used to control externalities. Externalities are costs or benefits borne by someone other than the producer or consumer (Winfield, 2011). External costs such as carbon dioxide emissions, pollution, psychological effects and harmful medical effects do not create the greatest good for the greatest number of people. Firms may not consider these social costs and supply too many products. This does not result in equal supply and demand (Winfield, 2011). One of the major criticisms of capitalism is the blatant economic inequality that exalts In many capitalist isosceles ( BIBB). Monolinguals In tense isosceles are not born with equal opportunities and the utilitarian argument for capitalism is challenged on this basis. Some proponents of capitalism have claimed that government intervention is the cause of inequality, but Shaw (2008) contends that these arguments have been disproved by both history and economic theory. To avoid the poverty and inequality that capitalism creates, it has been suggested that some form of government intervention should be used. Critics however argue that because of the capitalist economic and political frameworks this would probably not be possible (Shaw, 2008). Another viewpoint is that inequality can be outweighed if living standards are increasing due to a capitalist system (Shaw, 2008). This is a subjective viewpoint which is both difficult to measure and more favored by people who are advantaged and happy with their current economic situation (Shaw, 2008). Recent events have illustrated that the global financial crisis may have been caused by the move away from Keynesian economics in 1979 to a free operation of the market (Sumo, 2009). This meant that government intervention was kept minimal during this time. In an attempt to rescue economies and prevent complete market allure, governments have resorted to large fiscal stimulus plans. Sumo (2009) states that governments, such the United States of America, have had fiscal stimuli as large as $878 billion in an attempt to rescue the economy. This example illustrates that government intervention may be needed to create efficiency in an economy. As discussed throughout this paper, the utilitarian argument for capitalism states that the greatest good for the greatest number of people will be achieved through the concept of an invisible hand leading the market to social efficiency and equilibrium.

Studying Abroad and Homesickness Essay Example | Topics and Well Written Essays - 1250 words

Studying Abroad and Homesickness - Essay Example Staying at home with my family has so many comforts that range from being free to do the things I want to do to get all that I request from parents. From my one month, I have established that people change from what they were to totally different persons. College makes people turn into new individuals that you never imagined. It appears that the people I imagined would welcome the idea are the ones who despise it, and those I thought would hate the idea are the ones that cherish the impression. I am not yet very sure of what brings out this change in one’s personality. However, I strongly believe that it all depends on who can handle the pressure that comes with the new steps that one makes in life. I know of several people who have not been able to handle and balance the academic and social aspects of college together with the absence of their beloved people that they left far away when they join other institutions. Other people have not managed to come over the challenge of being homesick. The word may be easy, but I am yet to find a person who has balanced the idea of being homesick together with the challenge of being away for education. Balancing college life has proven very difficult for the majority of the people whom I have encountered in the last few weeks. I can easily depict why this is a big struggle when I consider the rules and regulations that surround an individual’s life when they are not in college. It also depends on the freedoms that one has at home and how they cope up with the new environment. In a clear way to explain what homesickness is, I have witnessed the problem with several of my friends. One of them is Mark. At home, Mark was given a lot of freedom that I consider to be beyond what someone at his age should get. He did not have to come home at any specified time of the day or night.