Repercussion of Great Depression

Introduction The recent recession triggered by the housing market, bubble bust in the United States cases a negative ripple effect in the world’s financial markets. It triggered a recession that led to loss of millions of jobs in the world. Many governments had to institute bail out to save companies from collapsing.Advertising We will write a custom essay sample on Repercussion of Great Depression specifically for you for only $16.05 $11/page Learn More The governments also instituted austerity measures that necessitated the slashing of national budgets effectively laying off millions of government workers globally. The US mortgage crisis that was the genesis of the financial crisis is blamed on the laxity of law enforcers or failure of the laws that have governed the financial market in the US. After the great depression in 1933, the US enacted laws that aimed to stem another crisis of the Great Depression’s magnitude. Though the great re cession was not as serious as the Depression, it cased major financial imbalances that will take years to recover. It’s therefore safe to assume that the laws that have been crafted over time since the Great depression to guard financial markets against such crises have failed to work, or so it seems. The administrations of both Presidents Obama and Bush ensured the enactment of laws that stemmed the crises and stopped the bleeding of jobs. This action by the two administrations is reminiscent of the many that have characterized the formation and adoption of public policies especially those that are business oriented. The motivations behind the laws of this nature is the perceived gap created by business practices that are likely to result in uncouth business practices or complications in the financial system that lead to such crises. The laws are also crafted to protect investors from losing their money when these transactions are not carried out within the law. One such act is the Gramm–Leach–Bliley Act (GLB), also referred to as the Financial Services Modernization Act of 1999, (Pub.L. 106-102, 113 Stat. 1338). The paper will focus its analysis on this law, its history, the rationale behind its enactment, its implementation, its impacts and the policy analysis. Gramm–Leach–Bliley Act (GLB) (Pub.L. 106-102, 113 Stat. 1338) History of the Act This a federal act of the United State enacted in the year 1999 and signed to law by President Bill Clinton. The law sought to regulate the dealings of financial institutions regarding the private information of their clients (Ingersoll et al. 1999, p. 48). To effectively work, the law included three parts i.e. The Financial Privacy Rule that governs the collection and use of private information, the Safeguards rule that governs the implementation of security programs by financial institutions.Advertising Looking for essay on business economics? Let's see if we can help you! Get y our first paper with 15% OFF Learn More On that bit, the law requires the financial institutions to implement security systems that ensure effective security of clients’ private information. The last component of the law is the Pretexting provisions, which aims to curb access to client information through false pretence and /or impersonation. Additionally, the law makes it mandatory for financial institutions to serve to customer written notices that explain in detail their institutional practices about sharing information (Rezaee, 2001, p. 106). The above however was not the main reason why this act was passed. The main reason for the enactment of the law was to facilitate the opening up of the market among companies in the larger financial sector mainly; banking companies, securities companies and insurance companies. Through the Gramm–Leach–Bliley Act (GLB), curbs imposed by the Glass–Steagall Act of 1933 prohibiting companies to offer banking , insurance and brokerage services were removed.. The act in effect opened the gate for the merger of the companies operating in the three sections described above. The removal of the regulations however presented major gaps that potentially put customer private information at risk. Because of the mergers that were anticipated, there was a feeling that the companies may access, consolidate the customer information they had and sell it for other purposes other than for business. For instance, insurance companies were largely in control of most health records while banks maintained a huge database of financial information. Brokerage firms on the other hand had significant information on investment activities of their clients. A merger of the three of even two of them will have therefore exposed the customers to greater risks of illegal access and use of information. That is why the act contained the privacy provisions that regulate the use and sharing of private information of custome r of companies that needed to merge. Need for Enactment The need to enact the Gramm–Leach–Bliley Act (GLB) act was due to both business and government failures (Biegelman, 2009, p. 76). The US lawmakers referred to the law as a modernization law that meant to unlock the potential that financial companies had. Through that argument, Congress passed the law that repealed sections of the Glass–Steagall Act of 1933 and the Bank Holding Company Act that forbade banking companies from carrying out activities deemed to belong to the insurance sector. Congress therefore felt some potential for economic growth was inhibited by the absence of such a law. Through the GLBA act, banks were eligible to engage in a variety of financial services.Advertising We will write a custom essay sample on Repercussion of Great Depression specifically for you for only $16.05 $11/page Learn More At the same time, mergers taking place at the time in other indus tries apart from the financial sector in Europe especially led to the inclusion of the privacy elements of the law (Axelrod, 2009, p. 59). The European Union enacted the Data Protection Directive that required non-EU companies that dealt with EU citizens’ data to provide the same protection that these citizens were afforded in the EU zone. The self-regulatory system in the US was especially not favored by the EU hence the need to enact legislation in the US that provided the same protection as the EU. At the same time, there was overwhelming public opinion in the US that demonstrated dissatisfaction on the way banks and other financial institutions handled private information. Furthermore, there were scandals that served to highlights the risks involved in the breach of privacy. For instance, there was a scandal involving the Charter Pacific Bank of Agoura Hills, California and an adult website company. The bank illegally sold private credit card information of its clients to the company. The company then debited the accounts of the clients for services not rendered. In 1998, NationsBank was charged and fined millions for selling customer information to an affiliate investment company. The affiliate used the information to market its high-risk products to low risk borrower who in turn lost millions of dollars. Another case involved U.S. Bankcorp and the Minnesota Attorney General when he sued it for selling customer private information with third party marketers. The increasing private information violations and the expected avalanche of merger needed to be controlled. The GLBA provided the solution. Implementation The GLBA is a federal act and therefore it’s enforced by federal agencies (Dunham, 2000, p. 98). The various federal agencies are in charge of enforcing the GLBA law. The agencies are those that are involved directly overseeing regulation of financial institutions and other companies deemed to be financial institutions as specified by the GLBA act. The most important institution that is involved in the implementation is the Office of the Comptroller of the Currency. Other are the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, both of who should work together with the comptroller of currency.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other agencies tasked with implementing the law include the Office of Thrift Supervision, The Securities and Exchange Commission, and the National Credit Union Administration. Additionally, the individual State Insurance authorities and the Federal Trade Commission (FTC) also have a hand in enforcing the GLBA act. According to the GLBA, financial institutions are companies that avail financial services to individuals. These services may include and not limited to loans, financial and/or investment advice, and insurance services. According to the act, all institutions that meet the definition of a â€Å"financial institution† directly or by incident fall under the jurisdiction of the Federal Trade Commission. Non-bank mortgage lenders, real estate settlement service providers, banks, debt collectors, financial and/or investment advisors, loans brokers and real estate appraisers fall under this category that is directly administered by the FTC. For the enforcing institutions me ntioned above to effectively exercise their jurisdiction, it’s important that the financial institutions must be significantly be engaged in financial services or production that clearly makes them financial institutions. In the insurance sector, the GLBA states that jurisdiction is first enforced by the state so long as the law of the state minimally complies with the Act. Further, the state law can only enact provision for stricter compliance and not less than what the GLBA requires. It is important to note that the law sets the floor and ceiling that state laws can reach. It therefore means that the states can pass laws stricter than the federal version but not less. Impact on Business and Society/Successes Since its passage, the GBLA law has registered mixed success. Many companies have taken the advantage to merge while client’s private information is safer than it used to be. At least the occurrence of scandals involving divulging of client information has been m inimal. There is a feeling however that these success have not been realized optimally. It’s therefore important that the hurdles that are preventing more companies merging be eliminated before considerable success id realized. The Department of treasury says that the reaction to the GLB act has been evolutionary rather than radical. In 2003, the Department of treasury reported that out of the 6415 banking institutions in the US at the time, only a handful-633 had taken advantage of the act to transform to financial holding companies (Moeller, 2005, p. 76). Moeller (2005, p.76) says that consolidation took place but not in the scale and speed that nay analysts has predicted. This was due to a number of factors. According to (Winston Winston, 2009, p. 64) retail, banks have difficulty in buying insurance underwriters as opposed to brokerage of insurance services. Lack of experience in these banks that would have wanted to engage in wide financial services contributed to the l ack of enthusiasm form these financial players. Similarly, there was slow venturing into banking by brokerage firms owing to their diminished branch network, and lack of back shop footprint. There have been some mergers since the enactment of this law, for instance the 2004 merger of Bank of America with Fleet Boston. Despite the merger however, the conglomerates have experienced problems concerning difficulty in integrating investiments and insurance services. Additionally many other banks have had trouble with packaging of investiments and banking services to an extent that some of them have had to engage in questionable arrangements that have caused scandals. Despite the look warm reception, the treasury reported that the financial sector that has experienced the most significant change since the introduction of the Act is the securities, underwriting and dealing sectors. In these sectors, Department of Treasury says that banks have increased their ownership and as well as activi ties. Similarly, banking involvement in the insurance industry has experienced significant changes as a direct result of the enactment of this law. According to Moeller (2005, p.85), the GLBA legislation introduced significant alteration to the legal framework that governs activities of financial organizations and their affiliates in the United States. The alterations were chiefly brought by the repeal of the some sections of the Galss-Steagall Act as well as the Bank Holding Company act of 1956. (Rezaee, 2001, p. 120), states that the law has had limited impact on the Federal Home Loan Bank provisions. The act had provisions whose aim was to expand the FHLBank system for the smaller depository institutions in the US. Under the law, eligibility of several collaterals was extended for the advancement of loans to small businesses. The provisions collectively are thought to have positively impacted small businesses. Policy analysis The enactment of the GLBA act opened the markets for m ergers and acquisitions in the financial sector (Winston Winston, 2009, p. 64). Many companies in the industry favored the passage of the act at the time. One argument that they put forwards was that after the passage individuals will be able to carry out their financial transactions at one go instead of doing savings and investiments at different institutions. One of the earliest beneficiaries of the passage of the act was CitiGroup, which had merged with traveler insurance. However since the law at the time could not allow, the new entity had to be issued with a forbearance until the act was passed hence acquiring full legal status (Mayer et al 1999). Weaknesses There has been a lot of analysis on the effects and effectiveness of the GLBA act. However, the law is criticized by as having a number of flaws that contribute to its weaknesses (Schell, 1999, p. 56). The Act according to (Schell, 1999, p. 60), GLBA does not protect consumers. The opt out standards has been cited as one of the many provisions so GLBA that unfairly places on an individual to protect privacy. The opt-out standard effectively puts the customer on weaker position to control their financial information that they may consider private. The provision assumes that the financial institutions will share the customer information unless they are told not to. Additionally it assumes that financials institutions are free to share the customer information incase of non-response from customers when the institution communicates to them. The enforcement mechanisms of the GLBA have also come under attack.. (Rezaee, 2001, p. 130) asserts that enforcement and compensation mechanism laid out in the act are quite weak. He says that the mechanisms are weak to a point that they cannot assure compliance even in the face of the existing weak privacy protection mechanisms. The fact that enforcement largely rests with federal agencies leaving the individual with virtually no right of protection is a weak point that does not adequately address the problem at hand. Another weakness of the GLBA is the fact that it leaves a gap under the service provider/ joint marketing exemption. Under this exemption, the financial institutions can freely share private customer information with third parties even if the customer has opted out. This gap can easily be exploited by companies who may misuse customer information under the pretext of joint marketing. Customer control of affiliate marketing information sharing is severely hampered. Customers who may be engaged in affiliate marketing have little control over sharing or their information since they have not been considered under the opt out provision. (Benson et al. 1999, p. 79) says that financial institutions can easily amass hundreds of affiliates, which may not be dealing in financial services. They can then share customer information since customers will not be having an opt out right. The notices that will be issued under the third provision o f the privacy section are written in legal jargon, that most ordinary people won’t understand. The law assumes that companies will assists customers by explaining the complex legal information that will help a customer make an informed choice. There is also the concern over the convoluted and confiding opt out notices and policies. The confusion that more often misleads clients is purposely done to serve the issuing entity’s interests. The act provides little room for maneuver of customers in the cases where the notices lack transparency. Additionally, the notices that GLBA demand be issued state the companies inform customers of their intention to share the information. However, they do not provide for a provision that requires the companies to reveal with whom they are sharing the information (Schell, 1999, p. 99). Many financial sector critics including President Obama have hit out at the law as the main cause of the 2007 financial crisis that almost led to the coll apse of the global financial system. According to the critics, the law led to the deregulation of the financial industry. Deregulation facilitated the formation of gigantic companies that were obsessed with the â€Å"too big to fail† attitude. Furthermore, the law necessitated less oversight on sensitive financial dealings such as derivatives that were later taken advantage of by unethical financial dealers. Recommendations In the face of the above weaknesses, there is a need for the amendment of the GLBA act to institute changes that will ensure better protection of consumers and security of the financial system. There is need for financial institutions to implement an opt out approach that defines the use of personal information. That way, accidental, unwanted or disclosure through negligence will be avoided besides placing the burden on the actors who will be receive and gain from the disclosed information. This way the financial institutions will be protecting themselves and the privacy of their customers. Failure to implement and use of the opt out provision for advancement of corporate interests is likely to adversely affect the companies (Benson et al. 1999, p. 47). Additionally, financial institution should consider availing and accept alternative opt out methods in cases where an opt out framework is maintained by the institution. An amendment requiring the financial institutions to avail the opt out process through local branch offices or through the internet needs to be done. This will help customers make an informed decision when opting out. On the same note, the financial institutions should be required to provide simple and coherent privacy policies. The law should ensure these policies follow universal standards of readability for the enhancement of transparency (Benson et al. 1999, p. 47). It’s important that the amendments to the GLBA law require financial institutions ton disclose that the information that they collect will be u sed for. This can be availed in the privacy reports and will greatly enhance transparency and accountability in these institutions. Furthermore, the amendments should require financial institutions to grant customers rights to statutory access to be enlightened about industry practices. As a result customers will be informed on the information collecting process as well as their uses. It will come in hand in making decisions. One of the most glaring omissions by the GLBA is the failure to give state authorities power to oversee the transactions carried out by these financial institutions. It is therefore important for any amendments to include provisions that will grant state authorities concurrent jurisdiction for the effective enforcement of the law. Given that all companies are situated in individual states, the states’ law enforcement agencies will be better placed to implement the law’s provisions (Schell, 1999, p. 101). The law will also need to have provisions t hat will make it easier for offended clients to seek redress when privacy rights have been violated. Currently the law does not give a private right of action, which greatly hampers individuals in seeking redress especially if there are issues with opting out. Additionally, the amendments should consider giving the individual the right to access and review the information so that he/she can help in correction in cases of inaccuracies and/ or incomplete data. There needs to amendments that help in the regulation of sensitive financial market practices such as trading in derivatives. Former president Clinton admitted that he was wrong and probably he may have been misled to accept the provisions of the law on the matter such as derivatives. The law as it is gives too much autonomy to financial companies. The autonomy has been unethically used and contributed to the fall of the housing market in 2008. Many analysts believe the law should have been implemented in bits. The provisions co ntained in the law gave too much freedom to the financial sector in a sudden manner that clearly overwhelmed many institutions. They also contend that the scope of operation given to these financial institutions should be reduced probably to more or less, to what it was under the Glass–Steagall Act of 1933. Its safe to assume that the provisions of this law that were repealed when the GLBA came to law played a crucial role in stemming a crisis of similar to the great depression and the 2008 financial crisis. References Axelrod, W. et al. (2009). Enterprise information security and privacy. New York: Thomson learning. Benson et al. (1999). Financial services modernization: Gramm-Leach-Bliley Act of 1999. Washington: Routledge. Biegelman, T. M. (2009). Identity Theft Handbook: Detection, Prevention, and Security. New York: Cengage Learning. Dunham, B. W. (2000). After the Gramm-Leach-Bliley Act: a road map for insurance companies. Burlington: Thomsons Learning. Ingersoll et al. (1999). Gramm-Leach-Bliley Act. New York: Routledge. Mayer et al. (1999). The Gramm-Leach-Bliley Act: executive summary review and analysis. New York: Sage. Moeller, R. R. (2005). Brink’s modern internal auditing. Los Angeles: Routledge. Rezaee, Z. (2001). Financial institutions, valuations, mergers, and acquisitions. New Jersey: Cengage Learning. Schell,J.M. (1999). Private equity funds: business structure and operations. New York: Infobase Publishers. Winston,J. Winston, A. (2009). Complete Guide to Credit and Collection Law. New York: Sage Publishers. This essay on Repercussion of Great Depression was written and submitted by user Daisy Doyle to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Critical Incident Case Study Analysis Social Work Essay Essays

Critical Incident Case Study Analysis Social Work Essay Essays Critical Incident Case Study Analysis Social Work Essay Paper Critical Incident Case Study Analysis Social Work Essay Paper Hence and Boyd-Franklin ( 2005 ) , and Fuller ( 1995 ) discourse the significance of being cognizant of our ain civilization, and each civilization has restrictions. As an international school psychologist, I was really cognizant of the cultural differences during our Sessionss which made me experience like an foreigner. The client in this instance was a female white American. She seemed to be categorized profoundly within her ethnicity, and she appeared to bask being white. In working with her, I believe that it seemed to be to a great extent associated with how she distinguished and reacted to racial stimulation. Therefore, the race-related world of Whites symbolizes major unsimilarities in how she viewed the universe ( Sue A ; Sue 2007 ) . The client was non at easiness in the beginning, and she noticed my speech pattern and realized that I am non an American professional ; she kept inquiring the what are you? and the where are you from? inquiries, which I believed now how rude and insensitive this inquiries were. I felt that she was judging me, and it was ill-defined what she was seeking to advert with those inquiries. I believe that she is one of the people who think that it was all right to size up and question people with dissimilar speech patterns. This diffident thought is certainly non to do the single feel unwanted or insulted when inquiring about their ethnicity ( Sue and Sue, chap.18 ) , Harmonizing to my ain readings and what I congregated from the readings through this category, my client showed her ain privilege ( Sue A ; Sue, fellow. 11 ) . It was clear for my client to detect that I am from another state, particularly after our undermentioned Sessionss and appeared to see school psychologist pupils in general as unqualified people who wanted merely to pattern their accomplishments. While I was reading the Parker and Schwartz ( 2002 ) article, I assumed how did White come to be the bulk and the oppressor? surely, I agree that, in the United States, white is the foremost community that has become more pale into the statistical unit beside the other ethnicities that are classified as minority classs. Through my small experience on the practicum at this school, I besides noticed some unusual things go oning at this school ; I did non detect that it was favoritism until now. In this school, all the school staff and pupils were Whites and there was an ignorance of the civilization strengths and the school staff blames the pupils and their parents for their job ; this reminded me of cultural sightlessness bureaus. I did non detect all the clip working in this school any other different ethnicities besides white Americans. In this phase, the school works with pupils as they are all the same, disregarding their alone demands and cultural differences ( Sue A ; Sue 2007 ) Goal: the end of this difference would be to do an equal relationship, free from any racism. Racism found to be apparent in all facets of white community in our day-to-day lives ( such as in telecasting, wireless, and educational stuffs, etc. ) ( Sue A ; Sue 2007 ) My client is a white American and I should be cognizant of her ain racial background and the continuity of racism in the United States merely by being white ( Parker A ; Schwartz ) . As was discussed in McGoldrick lineations ( 2005 ) Ethnocultural factors are frequently the concealed dimension in household therapy with white ethnics, and researching them may be a cardinal constituent of successful intervention. Make a curative resonance will be the chief end of this scenario. Course of action: After working with this client, I would join forces with her with regard to find her feelings in working with a healer who is from a different civilization as hers. I would besides work on her confidentiality since there is a clear feeling of misgiving which is a reaction to being discriminated against and abhor for the dominant communities in an about planetary anti-White presentation and feeling ( Sue A ; Sue, p.200 ) . As a professional, I should cognize the presence of misgiving and work to acquire my client s trust. My client is white American ; I should be cognizant that white privilege is unseeable ( McIntosh, 1988 ) to her I was unwelcome. It will really effectual to cut down the anxiousness and the disquieted feelings of the client and the school psychologist as good in this scenario. Rationale: My principle for taking this end and class of action was to turn to the unsimilarities that exist between the school psychologist and the client in order to understand and cut down the relationship of dominant and minority. Collaborating with my client in the hereafter will concentrate on her outstanding issues in order to acquire her more involved and trust the school psychologist. I would besides learn my client some curative techniques in order to assist her comprehend and increase her feelings of trust and comfort. Language Strong emotions such as choler, unhappiness, and defensiveness were displayed when speaking about experiences of race, civilization, and other socio demographic variables ( McIntosh, chap.1 ) . These feelings may better or contradict a full significance to grok the worldviews of culturally varied clients. As professional, working with a multicultural population, I need to cognize that I am different and how to cover with it in an appropriate manner. In this instance survey, I worked with a client who is from a diverse civilization and that leads to hold some difficult times to understand each other in the beginning, particularly in footings of the linguistic communication, oculus contact, and sometimes body linguistic communication. The client in this instance is an American English talker utilizing high Standard English and stressing verbal communicating ( Sue A ; Sue, fellow. 6 ) . The client was speaking usually, but with attending that she was non satisfied. She sometimes talked really fast. As a school psychologist, English is my 3rd linguistic communication and as most of non English foremost linguistic communication talker, I have an speech pattern. Sometimes my speech pattern may sound familiar, but normally most people mentioned that it is understood and has a Gallic spirit, which most of people likes. From clip to clip, I feel uncomfortable if my client misunderstood me. I think that was because of my speech pattern and she did non used to speak with aliens she is holding problems to understand me ; as Sue and Sue stated ( 2007, Chap. 21 ) Communication due to linguistic communication troubles as I stated above, my client may sometimes speak fast and utilize some slang statements that I could non grok. We were holding a job to link and associate up together, but the chief job was to be unable to work with her kid that made me experience really abashed and sometimes unfruitful. In this instance, I feel really down and sometimes I could non manage state of affairss . I know that I have a productive background, but linguistic communication issues make me really upset. It made me experience absolutely unwelcomed in my client s community and this state, particularly with these sorts of clients who do non like me to work with their kids, merely because they do non swear international people. This thought of the lower status of me in add-on to the belief that my client has the power to enforce her criterions upon my civilization was besides presented ( Sue A ; Sue, fellow. 4 ) . These besides made experience both astound and shocked, particularly when I experienced such things straight in this instance. Communication is an appealing portion of communicative interaction ; it is an instrument that helps the healers to grok their clients and provides him or her needful services. ( Sue A ; Sue, chap.6 ) In our field, we need to be able to interchange communicating in appropriate manner for both verbal and gestural messages. Coding and decrypting messages from others is the key to understand both the linguistic communication and the message that is transmitted through the usage of the linguistic communication. Goal: as a end to decide this scenario is to be familiar with American civilization and speak English absolutely, and besides be familiar with their slangs and have self assurance that I am seeking to make good. American talkers if they attempt to talk Arabic for an illustration they will hold an speech pattern every bit good. Through working with this client, I will discourse the linguistic communication particularly the accent barrier openly with her ; I bet that this may be good. Course of action: I think it is really critical to speak with the clients in the initial interview before get downing any appraisal. Informed her that I am an international school psychologist and they may non to the full understand my speech pattern. I will allow her cognize that I am unfastened to reply her inquiries and repetition if it needed. Discoursing the foreign linguistic communication speech patterns and refer that is normal to hold an speech pattern within another linguistic communication learned every bit good. I once more felt the biting assurance to better English with the purpose of being a more effectual and diverse professional. Rational: My principle for taking this end and class of action was to speak about the speech pattern issues that may assist me loosen up and work comfortably. Educating the client that her child s instance is traveling to be confidential and no 1 will cognize about it in the town. It may take to disregard other issues like linguistic communication, I will besides inquire my client to inquire for elucidations if the she did non understand me and the job will be resolved. Decision After analysing this instance survey, I recognized how important it is to be sensitive of our cultural difference in order to be competent and sensitive to other civilizations. This experience helped me to grok how dissimilar we are as people and how this affect the interpersonal communications. This will assist me be to be cognizant and work on myself to be more an effectual and successful professional in the hereafter.

A marketing strategy to promote Starbucks Case Study

A marketing strategy to promote Starbucks - Case Study Example (Wash, 2006) Perhaps Starbucks can set up small forums with presentations that could revolve around the idea of Starbucks adhering to cleanliness, hygiene, high quality, special discount offers and discussing the advantages of coffee over tea. Starbucks should also point out the benefits of having their coffee as compared to the other coffee makers, i.e. their competitors. As they say, "seeing is believing"; the discussion could therefore be more visual rather than textual displaying images of how Starbucks prepares its products as well as demonstrating coffee as the more healthier beverage than other beverages like sodas, sugar drinks, tea, etc. This should signify that Starbucks cares for its customers so that healthy beverages of high quality are delivered to them. Billboards or banners are other ways of capturing the population. Eye catchy displays and slogans relating to the differentiated taste of Starbucks that would evoke the mouth-watering sensation in people should be given much emphasis on. Answer 6) A marketing strategy to promote Starbucks can be that of having free trials of different products in smaller cities. There maybe a number of barriers faced. First, because tea has been a part of the Chinese culture and heritage for a long period, there might be some resistance to switching to coffee. Secondly, people may be reluctant to try out a new product. Thirdly, the issue of coffee being more expensive may crop up. However, the unique taste of Starbucks once known to people will most definitely never be forgotten. The idea is to introduce the masses to their variety of products that Starbucks sells. This way their strategy would be successful. Answer 7) India is one of the fastest growing third world countries. Taking a look into its demographics, one could tell that incomes in the middle class have risen greatly during this period (Kaur & Tayal, 2007). Coffee being a more expensive beverage, this increase in income has led to an increase in

EFFICIENCY OF CAPITAL MARKETS Essay Example | Topics and Well Written Essays - 500 words

EFFICIENCY OF CAPITAL MARKETS - Essay Example Funds that have bet against the market and performed poorly have been closed or folded into other funds, because their performance is not strong enough to attract new buyers. When one counts fund performance over two different periods of time, if one does not allow for survivorship bias, the data can be biased in favors of those funds that have done well, and can make the overall market’s fund performance seem better than it is. 3) What is the relationship between risk and return? How do we normally calibrate returns for risk? In a classic model, the higher the risk, the greater the return should be. Risk is the potential for loss weighed against return, the actuality of gain. With survivorship bias and fund piloting (where a group of funds begin at the same time with the notion that only the successful will ultimately survive), risk tends to be hidden by the mutual fund industry, making it seem like returns are higher than they are, and safer. 4) What is alpha and what does it measure? Alpha is a risk-adjusted statistical measure that weighs the return that is afforded in excess of the risk borne. It can usually be determined by subtracting funding performing from a relevant benchmark index. If one bets on the fund manager, one expects the fund to outperformance the basket of stocks bought in an index. 5) What is a t test and what does it measure? The t-test is a statistical measure used to weigh the significance of two different sample means, through a comparison of the variance between the means. In the case of the Malkiel study (p. 554) it indicates that there is a fairly strong difference between the mean performance rating of surviving funds and non-surviving funds, supporting the notion that survivorship bias must be account for to get a true picture of mutual fund records over time. 6) What conclusions can you reach about "the hot hand" investor? Who are the notable exceptions to this observation? The idea of a â€Å"hot hand† manager

Operation Management Research Paper Example | Topics and Well Written Essays - 3000 words

Operation Management - Research Paper Example But what is common in all those examples is that they get some input, either in materials, or in services, they process it with the help of manpower and machineries, they provide customers with some tangible benefit. This whole process is operation Management. As seen from the above examples, the roles of operational management can be widely varied. In the smallest example of manpower handling, the operations manager of a mining organization where he handles unskilled workers and the operations manager of software company, where the operations manager handles highly skilled manpower. The strategy of handling manpower in these two cases will be entirely different. The total gamut of operations management includes: During Product Design stage: Matching Product Design with demand, perceptible and implied, production feasibility in terms of cost, competition etc. Product Planning stage: lifecycle, Costs, Revenue and Profit during life cycles, Entry and exit strategies, Produce range, Quality, cost of quality, Total quality management, Forecasting of supply demand availability or input sources Process Planning, Capacity Planning, Short time schedule, long term schedule, Material requirement Planning, Just-in-time operations approach Maintenance and Replacement of Plant and Machinery In the following chapters we will look into all the above aspects of operation Management in detail. Operation Strategy: The first aspect of operation management is operation strategy. The operation strategy of an organization includes its range of products, the processes involved, its employees, its location, its infrastructure facilities, and its relation with customers. The main thrust of operation strategy is its direction by... The first aspect of operation management is operation strategy. The operation strategy of an organization includes its range of products, the processes involved, its employees, its location, its infrastructure facilities, and its relation with customers. The main thrust of operation strategy is its direction by which it is going to meet the customers' demand and satisfaction. The operations strategy is framed in general terms without specifics and describes the features of the products and processes rather than details. The steps to a operations strategy include:1. Analysis of business strategy of the organization,2. Using this analysis goal are set which the operation strategy must meet.3. Analysis of environment like market, customer, competition, location availability of manpower, products, change environment4. Identifying the factors of the process like capacity, quality, technology, which will give distinctive advantages5. Designing of organizational structure, controls, and fun ctions to support the process6. Defining of monitoring systems for measuring performance.7. Continual improvementThe success of a company depends on its well-defined operation strategy and implementation of the strategy. The failure of the strategy generally is attributed toBadly designed, unrealistic, not implemented properly, not related to actual operations, ignores the key factors, lack of support from the people who are supposed to implement them.Once the operation strategy is made then the next important aspect is product design.

The Communicative Language Teaching Clt English Language Essay

The Communicative Language Teaching Clt English Language Essay In this thesis written about Communicative Language Teaching, I especially focused on Communicative Language Teaching-activities. First of all you will get introduced with the beginning of CLT and its characteristics, because it is important to know the beginning of CLT: When did begin? How it is formed the CLT that we are using nowadays? What characteristics does it have? Why it is useful for teaching foreign language? In the pages that follow, it will be argued of three kinds of practise which I consider basically remarkable: Mechanical practise, Meaningful practise, Communicative practise. Classroom activities in CLT which are: Accuracy activities and Fluency activities, are mentioned in this paper as important point that CLT has, also I have done an observation in primary school to see which activity is being implemented in primary schools, because it is very important to see how good our educational system is going and to prepare myself as a future teacher to select which activi ties are more comfortable for pupils. Next section of this paper it has an elaboration of CLT-Activities; there you will see their implementation and one example for each of them. I have done a questionnaire for pupils contained by ten questions related to CLT-Activities, and after it I have explained the results of each question of questionnaire. At the end you will see an overall conclusion of this paper, what I have understood based on my research, observations, theoretical part of Communicative Language Teaching. I Communicative Language Teaching What is CLT? In the late years, there has been an increasing interest in learning English as a foreign language, which basically considered one of the most important languages in all over the world. People need English for their jobs, career, life, travelling, studies, etc. The problem was and in some countries is still considering problem in how to learn and how to teach a foreign language (including rules of grammar, pronunciation, skills, communication). Fifty years ago Grammar was a remarkable point in teaching a foreign language, the systems focus was in teaching a foreign language based just in grammar (rules, sentence formation, definitions) which was called Traditional Approach. Fortunately activities started to be in process of changing with other activities and soon traditional approach went out of fashion. What made this approach to get out of the system was a new approach called Communicative Language Teaching or CLT. With CLT began a movement away from traditional lesson formats wher e the focus was on mastery of different items of grammar and practise through controlled activities such as memorization of dialogs and drills, towards the use of pair work activities, role plays, group works activities and project work (Richards) (n.d). Based on this citation and what is generally accepted about CLT, I can say that CLT is a new approach, useful too, and it focuses on needs of teachers: How to teach a foreign language? And also in students: How to learn a foreign language? 1.2 The Beginning of CLT and its characteristics. According to Richards (n.d) CLT created a great deal of enthusiasm and excitement when, first appeared as a new approach to language teaching in the 1970s and 1980s. So it is understandable that CLT has changed a lot of things in the field of language teaching. As I mentioned before the Traditional Approach was a set of grammar rules, therefore it had a principal goal which is called Grammar Competence. Grammar Competence is full filled with rules grammar, creating sentences based on grammar, communicating with rules, whereby the feeling of natural language was absent. As a result professors of language thought that there can something more than Grammar Competence, and there as a principal goal of Communicative Language Teaching is Communicative Competence. Communicative Competence which is at the heart of our understanding of CLT plays a very important role in function of CLT. CLT needs Communicative Competence in order to be useful and cannot work without it. à ¢- Why Communicative Competence is so important for CLT -Communicative Competence is a relative not absolute, and it depends from the cooperation of participants, their involvement, and so on. There are four aspects of Communicative Competence: à ¢Ã‹â€ Ã¢â€ž ¢Grammatical Competence Even that teaching Grammar is considering boring from students, we cannot avoid it, and grammar is principal thing of speech, communication, formal or informal written. However for me as a future teacher, I should find ways how to teach grammar without creating stress on students, or creating a boring class. -Discourse The second aspect of the Communicative Competence is Discourse. In this aspect can enter the intersentential (it means: email, conversations, communication). -Social cultural elements. The third aspect Communicative Competence is Social Cultural Elements. In this aspect is very attractive one this one includes interaction, context and students in the classroom. Practising social cultural elements than bringing in cultural things, and having students practising it, it means they have ability to communicate on natural context. -Strategic Competence Strategic Competence goes beyond the classroom instruction, by using strategies and learning by mistakes students can communicate easily, can learn different ways of expressions. Also Accuracy and Fluency activities play very important role in Communicative Competence; their balance is the true model of Communicative Competence. Communicative Learning Teaching uses these four components of Communicative Competence in order to function successfully in process of teaching and in learning. Communicative Language Teaching involves different kinds of classroom activities that gives students opportunity to see natural language and real communication that promotes learning. CLT- Activities As we saw in the chapter I CLT is to full fill needs of teachers and students in process of teaching and learning a foreign language. Through CLT we learn in natural way a foreign language. This can be realized through activities that CLT has. CLT Activities are very helpful in EFL classes, they manages to create a comfortable atmosphere in classroom, they can raise the motivation of students, through them teachers can find many easily ways to teach a foreign language, even if they have in plan to teach grammar or something that seems a bit complicated. à ¢- I want to highlight two important classroom activities of CLT: -Fluency activities -Accuracy activities According to Richards (n.d) one of the goals that CLT is to develop fluency in language use. Fluency is basically formed by classroom activities in which students use communication strategies, they learn by doing or practising things or by finding weakness point and works on them in order to eliminate. On other hand we have Accuracy that is distinct from Fluency. According to Richards (n.d) accuracy focuses on the formation of correct examples of language, it does not require meaningful communication and the choice of language is controlled. So seeing the characteristics between of Fluency and Accuracy I can say that in fluency activities students feel freer in using a foreign language, because the process of fluency it gives opportunity to all students to communicate in foreign language, students learn by practising things, they can correct themselves while communicating. Whereas in Accuracy students are under the control of teacher, here the rules of strategies are strict than in F luency, and this may cause a great stress on students, so teachers should take care how they use such activities. Neither Fluency nor Accuracy is less or more important than the other, they should be treated in the same way. They are equal components in classroom. For example if a teacher uses fluency activities, and finds some grammatical mistakes on students than can use accuracy activities to work on those mistakes. Likewise can happen the opposite first to use accuracy activities than those rules of grammar (words formation, tenses, passive voice, etc) to apply in fluency activities to see if students have understood it. So none accuracy or fluency can work without each other, they are linked together, and cannot be separated. To function in the right way both accuracy and fluency I have noticed some steps that should be taken into the account before we want to realize these kind of activities. à ¢- The role of teacher and students in classroom. Teachers play an important role in classroom. They should be prepared well to be in front of students. Teachers should plan things, lessons, and activities before they go to the class, or contrary they should be flexible in order to change things if the plan is not working. Teachers should be a facilitator in classroom, should be there whenever students have needs or have questions. Teachers should undertake a lot of things in order to grow self-confidence and values on students. All these things cannot be realized just by teachers also the participation of students is very important. Students should be ready to collaborate, to come prepared in school; they should do their duties or homework given by teacher. They should be collaborative with other classmates, not to work just by themselves, to be helpful with others and so on. If teachers wants to apply fluency or accuracy activities should think before about other things like: Breaking the routine/ Sitting arrangements -None likes the routine especially students, they get bored if teacher focuses only in grammar (sentence formation, tenses, vocabulary, pronunciation, etc.), teachers should take care how to organize things lessons, to divide them in order to eliminate a routine to make things more enthusiastic and fun. On other hand students might get out of control and then the sense of learning will lose its purpose. à ¢- Seating arrangements can be one of the principal elements if teachers want to apply certain activities, if they want to change somehow the atmosphere in class, and to break the routine. I want to represent three kinds of seating arrangements which I consider basically and other seating arrangements can flow from these three seating arrangements. -In the first figure we can see the usually seating arrangements Seating in rows. row.jpg Seating in row is very usually arrangement, so as you can see the figure there can be seat one students or two in one desk it depends on the number of students in class. Students are in front with a teacher, the class is more quite with this seating arrangement. This seating arrangement can perfectly function if there is any activity for example working individually or if there are two students in one desk they can work in pairs. The technique Think-Pair-Share can be useful in Seating in row. Teacher can give a target for example What is a weather today first they think individually and then they pair with each other and at the end they can share their discussion with the class. -In next figure is the other seating arrangement and very commonly used Group Work Group-Tables3.jpg With Group seating arrangement a lot of CLT activities can be realized, if there are any game activities that need more than two students or any collaborative work group seating is the best one. In this seating arrangement the class should be divided in five or six group which contain by four or five students, it depends on the number of students. Teacher should control all the time students if they are working or having any difficulties because using this kind of seating arrangement in the class there can be a lot of noise and students might be out of the control. Group seating it gives opportunity to students to be interactive to be collaborative to correct each other, to create friendship with other classmates, and so on. In the third figure we have the third seating arrangement called Horseshoe in addition is my favourite seating arrangement. images.jpg I consider the Horseshoe seating more favourable because none is in the centre ,all are treated equal and everyone can see each other without leaving anyone else aside. Through Horseshoe there can be developed a lot of debated, discussions, everyone feel free to talk and like this fluency activities can be realized. Regarding to my experience in the primary or secondary school when we used this kind of seating the words started to flow itself, because the atmosphere that is created it pushes you to communicate in foreign language without noticing it.

An Analysis of the Epic Poem, Beowulf - Origin and Evolution of Beowul

The Origin and Evolution of Beowulf      Ã‚  Ã‚   The origin of Beowulf remains a mystery, as both the poet and the year of composition has eluded scholars for centuries.   Although "[it] is now widely believed that Beowulf is the work of a single poet who was Christian . . ." (preface, Heaney 29), I see Beowulf as a mosaic of many poets.   In this paper, I will argue that with each new translation of this Old English epic, a new author of Beowulf is born.   The twenty-first century poet Seamus Heaney, who translated the Beowulf on which this paper is based, injects aspects of his world into this ancient poem.   Published in the year 2 000, the inconsistency of this most modern text reveals the messy masterpiece Beowulf is today.   I believe that throughout the ages, Beowulf has been altered by each generation it touches.   I will provide evidence that the Anglo-Saxon orators, the Christian monk recorders, and the modern-day translators have all contributed to both the conservation and change of Beowulf. Beowulf began as an oral story passed on by scops, wandering poets of the Anglo-Saxon period who recited the accounts of the great Geat warrior from memory.   This allowed for subtle or strong changes by each orator as he formed his ideal and unique Beowulf.   One example of possible change can be found in the lines, He had been poorly regarded for a long time, was taken by the Geats for less than he was worth . . . (Heaney 79),   which do not fit the protagonist who has received nothing but praise throughout the rest of the epic.   A footnote in Heaney's translation points out this idea of the "`Cinderella hero' [as an] . . . example of folklore material, probably circulating orally, that made its way into the poem" (edi... ...Semus Heaney.   New York:   W.W. Norton & Company, 2000.   29-99. Unknown.   "Beowulf."   Beowulf and Other Old English Poems.   Trans.   Constance B. Hieatt.   Toronto:   Bantam Books, 1983.   35.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Excerpt Sometimes at pagan shrines they vowed offering to idols, swore oaths that the killer of souls might come to their aid and save the people.   That was their way, their heathenish hope; deep in their hearts they remembered hell.   The Almighty Judge of good deeds and bad, the Lord God, Head of the Heavens and High King of the World, was unknown to them.   Oh, cursed is he who in time of trouble has to thrust his soul in the fire's embrace, forfeiting help; he has nowhere to turn.   But blessed is he who after death can approach the Lord and find friendship in the Father's embrace. (Heaney 36) An Analysis of the Epic Poem, Beowulf - Origin and Evolution of Beowul The Origin and Evolution of Beowulf      Ã‚  Ã‚   The origin of Beowulf remains a mystery, as both the poet and the year of composition has eluded scholars for centuries.   Although "[it] is now widely believed that Beowulf is the work of a single poet who was Christian . . ." (preface, Heaney 29), I see Beowulf as a mosaic of many poets.   In this paper, I will argue that with each new translation of this Old English epic, a new author of Beowulf is born.   The twenty-first century poet Seamus Heaney, who translated the Beowulf on which this paper is based, injects aspects of his world into this ancient poem.   Published in the year 2 000, the inconsistency of this most modern text reveals the messy masterpiece Beowulf is today.   I believe that throughout the ages, Beowulf has been altered by each generation it touches.   I will provide evidence that the Anglo-Saxon orators, the Christian monk recorders, and the modern-day translators have all contributed to both the conservation and change of Beowulf. Beowulf began as an oral story passed on by scops, wandering poets of the Anglo-Saxon period who recited the accounts of the great Geat warrior from memory.   This allowed for subtle or strong changes by each orator as he formed his ideal and unique Beowulf.   One example of possible change can be found in the lines, He had been poorly regarded for a long time, was taken by the Geats for less than he was worth . . . (Heaney 79),   which do not fit the protagonist who has received nothing but praise throughout the rest of the epic.   A footnote in Heaney's translation points out this idea of the "`Cinderella hero' [as an] . . . example of folklore material, probably circulating orally, that made its way into the poem" (edi... ...Semus Heaney.   New York:   W.W. Norton & Company, 2000.   29-99. Unknown.   "Beowulf."   Beowulf and Other Old English Poems.   Trans.   Constance B. Hieatt.   Toronto:   Bantam Books, 1983.   35.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Excerpt Sometimes at pagan shrines they vowed offering to idols, swore oaths that the killer of souls might come to their aid and save the people.   That was their way, their heathenish hope; deep in their hearts they remembered hell.   The Almighty Judge of good deeds and bad, the Lord God, Head of the Heavens and High King of the World, was unknown to them.   Oh, cursed is he who in time of trouble has to thrust his soul in the fire's embrace, forfeiting help; he has nowhere to turn.   But blessed is he who after death can approach the Lord and find friendship in the Father's embrace. (Heaney 36)

Locker Searches

Wonjung Hwang Mr. Chonko English 10 Period 3 19 November 2012 Locker Searches We've all seen enough crime shows to know what to do if the police knock on your door and demand to search your property: stand, look indignant and demand to see their warrant. After all, it's your property, and unless you give permission or a judge orders the search, you should have control over what you have, right? Yes—provided you're not a student. If you're in a school environment, teachers and administrators can search without either permission or a warrant.School should search their students’ lockers because school is responsible for their students, no privacy concerns, and to protect students. Every school is responsible for the students and the safety of them. For their safety, schools have the right to search the students’ lockers if they are suspicious about having inappropriate things such as drugs, alcohols, and weapons in their lockers. By searching the lockers, they make sure all the students are in safe environment around the school.Diane Cooper, the president of the East Orange Board of Education says â€Å"Students have to feel that they are protected from unauthorized or unprovoked harassment. † It is the schools responsibility to keep the school safe and clean, and to keep the students protected. There is no privacy concerns while locker searching. Students are merely allowed to use lockers as they keep sports equipment, library books, textbooks, and so on. Moreover, the books and equipments which stay in lockers are the property of schools. Lockers are also originally schools’ property as well and they can be taken back without notice.If the students know that they are going to be in trouble for certain thing, they should not even bring it to school. In addition, being in an agreement for the locker searches is a part of being in a school community where you have to accept the schools’ rules and responsibilities. Students must trust teachers and police officers to perform locker searches and should believe that they are trying to protect students from drugs and weapons, not invading the privacy. According to a new study by the National Center for Education Statistics, about 35 percent of American high school students are carrying or have carried weapons on school property.This is the result of not paying enough attention to the students and not trying to protect them from any weapons. In the article â€Å"State Urges Schools to Begin Random Searches of Students’ Lockers† by New York Times, the State Attorney General, Peter G. Verniero says â€Å"If you’ve got reasonable suspicion for conducting a search, by all means you should conduct a search, because the bottom line is we want to prevent a tragedy from happening in the first place. † If students carry weapons are keep them in their lockers, the accidents always can happen.By searching lockers, we can stop these disaster s from happening. Locker searches are necessary due to the schools’ responsibility of their students, no privacy concerns, and protection of the students. The school should keep the school clean and safe for the students and pay attention to the students. There are no privacy concerns because the lockers are schools’ belongings, and it is part of being a school community to accept school policies. By searching lockers, the school also can protect students from being addicted to drugs or avoid a tragedy from happening.

Why Sex With Boss Is a Bad Idea for Your Career

Why Sex With Boss Is a Bad Idea for Your Career He may be attractive and give you all the right signals, but having sex with the boss is a bad idea and a potential career killer. Youre not living in isolation with him on a desert island, but sharing a workplace where your illicit relationship affects everyone. Many companies have clear policies on office dating and while relationships between co-workers have become commonplace, an employees affair with the boss still continues to be frowned upon. Even if it turns into something serious and long-lasting, chances are one of you will have to go. Power Playmate Look beyond the physical act of sex with your boss and youll see that power is at the heart of the relationship. Writing for the Times Online, Susie Godson sums it up as a power trip and a huge ego boost and adds, Peel away the perks and what exactly are you left with? The inequity of power, desire to associate with power or attain more power all factor into the situation. Theres also the power that comes from flying in the face of convention and sampling forbidden fruit. Stop and ask yourself: If he wasnt your boss, would you still be attracted to him? Are the excitement and passion based on the fact that although he has control over your life and career, you feel like you have control over him? Do you think that if you sleep with him, hell fast-track you to the top or at least promote you or give you a raise? Or do you just like the buzz that follows you around the workplace because co-workers sense that theres something more to your relationship than supervisor and subordinate? Sex as a Skill Set Sex clouds everyones judgment. You may have been hired because of your skills, your experience, your talent, drive, and enthusiasm. But when youre involved with the boss, you may find your competence in question. Opportunities that come your way, successes you achieve, goals you meet and exceed all may be perceived as arising out of your special relationship with the boss and not your own hard work. You may not get credit where credit is due. And if you end up working for someone else in the same company, that person may be reluctant to believe that youve gotten to where you are based on merit alone. Youll have that relationship with your ex-boss hanging over your head, and it may stunt your career advancement under future supervisors. Some Girl or Another The odds are against an enduring relationship. And when it falls apart, it probably wont wrap itself up with all loose ends tucked in neatly and both parties acting like adults. If the two of you remain in the same workplace and hes still your boss, therell be jealousy on one end or the other, and its going to affect your professional relationship and judgment. He may stall your career out of spite, revenge, or simply because he can, or behave in ways that make it difficult to continue to work for him. Or you may have to sit back, bite your tongue, and watch him launch another steamy affair with someone new under him (in more ways than one.) Because heres the painful truth: many bosses who sleep with their employees dont do it just once. Theyre serial subordinate seducers. As much as youd like to think that youre special the irresistible one he broke all the rules for- its probably not that way. As journalist Dominique Jackson observed in her article An Affair to Forget in Marie Claire, she found out she wasnt the only one to fall for her sexy, dazzling boss when she had dinner with a colleague of his: Great guy. Excellent writer. Underrated, too, said my companion. Trouble is, he always has some girl or other in tow. Usually one of the junior journalists or a secretary. I really dont know how his wife puts up with it. No Employees With Benefits From a purely business standpoint, the relationship is a no-win situation for the company you work for, even if you end up together. Human resources professional Laurie Ruettimann, the founder of Punk Rock HR, says that companies frame the issue of dating under Code of Conduct policies: As an employee, you are not allowed to personally benefit from your role at the office at the expense of the organization. Therefore, you are not allowed to sleep with a subordinate and continue supervising his/her work. Additionally, most companies will not allow you to supervise your family members. The way a friend with benefits is a tricky relationship to manage, an employee with benefits is a liability to the boss who has exceeded the bounds of appropriate behavior and has opened himself up to charges of sexual harassment, even if the sex was consensual. So sex with the boss jeopardizes his position as well as yours. But just suppose its the real thing? After all, according to the Times Online, four out of every ten people meet their spouses at the office. Lets say hes the one. Even if your wildest fantasies come true and you two get married, he cannot continue to supervise you. Someones going to have to leave, and its probably not going to be the boss. Think Before You Act Keep in mind that sex with the boss may poison any other potential future relationships with your co-workers. And since work continues to be the main way in which we meet, socialize with, and get to know people, that would shut the door to many opportunities, both platonic and romantic. As Ruettiman points out, I met my husband at work and weve been together for over a decade. My career wasnt impacted because I am not a drama queen. I used common sense and kept my private dalliances out of my professional role. And finally, for those who say that its sexist to assume the boss is male (since over 36 percent of managers and supervisors are female) and want to view this issue from the perspective of a boss whos female, the truth is theres little difference. The same rules apply. The best advice for any boss, female or male, comes from Marty Nemko in his tips for workplace dating in U.S. News World Report: Think twice about a relationship with your supervisor...Think 10 times before getting involved with a subordinate.

Calderas essays

Calderas essays As our planet has evolved, major land forms have often been dependent on igneous activity. Features ranging from the mighty Andes, to the smallest hot spring are all dependent on the same processes of fire and earth that fuel and form the heat engines of our planet. One of these land forms that is common in the igneous environments is the feature known as a caldera. Calderas are very important land forms, not only due to the importance of their ash flows in the geologic chronology and climate of the region but also due to their local control of the surface features. They also have interesting life cycles which are widely varied dependent on rock composition, tectonics and location. Lets now examine calderas: their formation, differences, and their locations on the planets surface. Before the processes, and stages of caldera formation are described, the term caldera must first be defined. A caldera is a more or less circular volcanic depression, which is presumably formed by the collapse of an underlying magma chamber. ( Hyndman p. 265) Calderas are further subdivided into two types, explosive and subdivide. (Summer field p. 118) The size of a caldera is variable, but it is generally larger than a volcanic crater, but smaller than a volcano-tectonic depression ( Stein berg p 267) Subsidence calderas are features that form subsequent to large eruptions that lower the level of magma in a chamber to the point that the chamber's roof can no longer support itself and collapses. Explosive calderas are generally formed in association with large volcanic blasts and are essentially, larger versions of volcanic craters. Another structure, closely related to calderas, is a calderon. This is a caldera like structure, with rectilinear of graben-like bounding fractures that are controlled by the regional tectonic framework. Calderas form in two environments. In epicontinental sialic rocks, and also in basaltic shield volcanoes. First the...

How does city squares satisfy the requirements of modern urbanism Essay

How does city squares satisfy the requirements of modern urbanism Compare with squares in history using particular squares to discuss - Essay Example Readers will discover that places designed without adequate room for safe walking and biking tend to promote a sedentary way of life for the citizens, whether behind a vehicle’s steering wheel on packed highways or a computer screen. In addition to that, it will come to light that a lively city is one that negates the idea of citizens withdrawing into gated communities. Lively cities are those that have city squares that serve a democratic function where individuals encounter social diversity. Furthermore, architectural design and its impact on the psychology of city dwellers will be examined. Most notably, public spaces lacking comfortable seating and properly scaled â€Å"talkscapes† are likely to bring about a high human toll, thus greatly impacting how a city functions at eye-level. The fact that a good city draws comparison to a good party enlightens all of us. This is because, in both scenarios, the individuals involved stay because they enjoy having a good time. The aim of this paper is to consider the unique feature of urban squares that should be incorporated in today’s contemporary cities. To do that the paper will look at the broad definition of urban squares in respect of urban spaces. Urban public squares, when looked at within the context of public spaces, are key components of a city. This is because they provide room for social interactions, therefore, supporting the civilisation and humanization of people through hearing others, while at the same time one is heard, gathering, lingering and engaging in various activities. Thus, this can have a major impact, especially in the contributions made to the cultural development of communities. Jan Gehl’s thorough introduction to humanistic codes of urban planning reveals ways of improving the urban fabric of a city to benefit the human population. Through his book ‘Cities for people’i1, examines fascinating factors that determine how liveable a city is. According to him, if urban places are

Customer equity Essay Example | Topics and Well Written Essays - 6000 words

Customer equity - Essay Example Value equity is the customer's objective assessment of the utility of an offering based on perceptions of its benefits relative to its cost. The sub drivers of value equity are quality, price and convenience. Brand equity is the customer's subject time and intangible assessment of the brand, beyond its objectively perceived value. The sub drivers of brand equity are customer brand awareness, customer attitude towards the brand and customer perception of brand ethics. Relationship equity is the customer's tendency to stick with the brand, beyond objective and subjective assessment of its worth. Sub drivers include loyalty programs, special recognition and treatment programs, community building programs and knowledge building programs. In the present relationship-marketing situation, most of the companies using technology such as E-mail, websites, call centers, databases and database software are helping to foster continuous contact between company and customers. Companies that want to develop strong customer relationships generally add financial benefits, social benefits and structural ties to its product. In providing financial benefits, companies provide customer the frequency rewards and club marketing. Today, most supermarket champions including Sainsbury offer price club cards and provide member customer with discounts. Many companies have created club membership programs to strengthen relationship with customers. Open clubs are good for building a database or snagging customers from competitors, limited membership clubs are more powerful long-term loyalty builders. Companies' personnel work on increasing social bonds with customers by individualizing and personalizing customer relationships. Customer relationship is more or less of the view that customer must maximize his or her relationship with the company through up selling and at the same time, enhancing profitability by identifying, attracting and retaining the best customers. Through better relations hip and customer's information, customer time could be saved. Putting better customer relationship requires developing a set of integrated applications to address all aspects of front office needs including automation of customer services, field service, sales and marketing. The main aim of better customer relationship includes acquiring, enhancing and retaining the customer. Sainsbury has done this quite successfully. To acquire and retain the customer and to develop a long-term relationship Sainsbury is providing healthy, safe, fresh and tasty food as well as at fair prices. Sainsbury's price competitiveness is currently the best. It has been for many years following the investment of more than 450 million pound over the last three years. Around 15,000 prices are checked every week to make sure its competitive position has been maintained. In August 2007, Sainsbury has launched. "Different values" campaign to provide its customer, the products of higher quality specifications and great values. In March 2003, Sainsbury launches "Feed your family for a fiver" campaign to reach out and maintain a long-term relationship with its customers through providing affordable, healthy and nutritious meals for a family of four could be prepared with the budget of 5 pound. Sainsbury's values are not just for food items but available for non-food