Does N.I.E. help a business assess the risks when considering Foreign Assignment

Does N.I.E. help a business assess the risks when considering Foreign Direct Investment - Assignment Example The growing inequality and the gap between rich and poor countries have put questions on the ability of foreign institutions having solution. NIE also suffers from the means of measuring variables discussed in the theory such as transaction cost. 13 Conclusion 13 Introduction In order to fully understand and analyze the role of new institutional economics (NIE) in risk assessment of foreign direct investment (FDI), we first need to develop a sound understanding of the new institutional economy and various aspects of foreign direct investment. In this paper I will discuss what is New Institutional Economics and its background; and how it is dissimilar from traditional economics. Its various impacts and demands will also be discussed. I will also discuss help of NIE in finding solutions which were previously unresolved. What change in system is required for its implementation? NIE is not without its shortcomings it also poses some problems. In this paper we will try to analyze the impa ct of NIE on foreign direct investment. ... believe 1(Barnard Chavance, 2009) that importance of institutions can also be analyzed with the instruments of standard economic theory with some adjustments. He emphasized on the absence of existence of the firms in the conventional economics. He uses the cost of using the price mechanism as his basis. The search of appropriate prices and negotiation of separate contracts can be costly for individuals. Hence an individual volunteers himself under the authority of an organization or entrepreneur to sell his services to the market. Hence market transactions are eliminated and firm replaces the market thus economizing the cost of price determination. He developed the concept of transaction cost. Differing cultural values provide an advantage. The nature of the labour force shows that the cost of overcoming the difference in culture is sometimes worth the cost because of other benefits. This may not be the case always, some countries are obliged to adopt systems that are not in accordan ce to their customs, or companies create their own cultures. Some of the examples from the real world are former COMECON states adopting market based ideas and practices. Candidate states for membership to the E.U. adopting practices to facilitate entry. Western states adopting Japanese production systems, systems developed in a Japanese culture, because of its efficiency. All this implies that national cultural systems must adjust to the demands of modern capitalism. Inability to adjust will restrict or limit the extent the country or region is able to participate in international trade. New Institutional Economics (N.I.E.) helps in studying this problem. Main Characteristics of the New Institutional Economics New institutional economics is different from old institutional economics which

Concepts of Privilege and Oppression

Concepts of Privilege and Oppression Nathon D. Camacho-Morfin This paper will dissect a passage from Monica Caspers No Justice for Trayvon: White Women in the Jury Box, and argue that those of privilege are blind to the oppression of others or choose to stay ignorant of these matters. It will further argue that racism, capital, and the prison industrial complex, all contribute to sustaining privilege and the oppression of others. In No Justice for Trayvon: White Women in the Jury Box, Monica Casper writes about her experience when she and her colleague, a white woman, had a conversation about the infamous Zimmerman trial. In this conversation, her colleague stated, We need to trust the justice system . . . this was a case we never should have known about it was blown up by the media and it never even should have come to trial (No Justice for Trayvon). Casper goes on to say how they both had different feeling about this matter, she also points out how her colleague uses the term we say that it is used for inclusion as often as it is of exclusion (No Justice for Trayvon). It is the very same we that Dorothy Allison writes about in A Question of Class. Allison talks about how class and privilege are sustained by the Us vs. Them mentality. In that mentality, there is always a we and a they, this creates a disconnect from others and makes one ignorant of what privileges others lack. It also perpetuates the false belief that in order to maintain privilege and security the they must stay oppressed. Allison writes that the horror of class stratification, racism, and prejudices is that some people begin to believe that the security of their families and communities depends on the oppression of others, that for some to have good lives there must be other whose lives are truncated and brutal (35). Allison points out class stratification as one form of the oppression of others, class stratification can be characterized by the three forms of capital, which are economic capital, social capital, and cultural capital. Another form of oppression that Allison points out is racism, which can be seen in the transcript of George Zimmermans call to the police. He looks black Now hes just staring at me These assholes always get away (No Justice for Trayvon). Again, we can see a display of the Us vs. Them mentality in this quote. Another way racism is displayed is in the prison industrial complex as described by Angela Davis in Are Prisons Obsolete?. Davis discusses that prisons are ideologies of the middle class, but most importantly the white middle class. Consequently, the majority of the prisoners are people of color because they are seen as undesirables. This is a tool of oppression, which is then used to exploit prisoner labor force and generate profit for private corporations. Davis states, The fact, for example, that many corporations with global markets now rely on prisons as an important source of profit helps us to understand the rapidity with which prisons began to proliferate when official studies indicated that the crime rate was falling. The notion of a prison industrial complex also insists that the racialization of prison populations and this is not only true of the United States, but of Europe, South America, and Australia as well is not an incidental feature (Davis, p.85) In Racism and Feminism,, Bell Hooks, states that The first white womens rights advocates were never seeking social equality for ALL women; they were seeking social equality for WHITE women (p.124). Indicating that white women did not consider black womens oppression or black womens concerns, as their own concerns. We can see from Caspers colleagues response that she too does not view the Zimmerman verdict at all upsetting like Casper does, showing that she does not consider, or chooses to be ignorant in the oppression of black people, because of her white privilege; just like the early womens rights advocates were. Works Cited Allison, Dorothy. 1994. A question of class. In Skin: Talking about Sex, Class Literature. Ithaca, NY: Firebrand Books; pp. 13-36. Casper, Monica J. 2013. No Justice for Trayvon: White Women in the Jury Box. The Feminist Wire. July 17 Davis, Angela. 2003. Are Prisons Obsolete? New York: Seven Stories Press. 9-21 and 84-104. Hooks, bell. 1981. Ch. 4: Racism and Feminism. In Aint I a Woman? Boston: South End Press. Pp. 119-158.

Zora Hurston’s Their Eyes Were Watching God as a Creation Story Essay

Zora Hurston’s Their Eyes Were Watching God as a Creation Story Zora Hurston’s Their Eyes Were Watching God is, among other things, a creation story. For creation stories are not simply myths about the historical origins of the universe and humankind but metaphors for individual maturation. Individual perception is, to a large extent, what constitutes the world. Hence, the individual is the source and embodiment of the world; Janie is, the narrator tells us, â€Å"the world and the heavens boiled down to a drop† (72). And Janie’s awakening, or maturation, represents not only a personal transformation, but the creation of a universe. As a child seeking meaning, Janie does not look forward to merely â€Å"growing up† but waits â€Å"for the world to be made† (11). Obviously the narrator does not mean the material world, but that particular world which comes into being with the mature individual. And as a creation story, Their Eyes, like the creation stories which precede it, deals with â€Å"the reconciliation of mind to the conditions of life†Ã¢â‚¬â€to the inherent violence of living. Now, one of the main problems of mythology is reconciling the mind to this brutal precondition of all life, which lives by the killing and eating of lives. You don’t kid yourself by eating only vegetables, either, for they, too, are alive. So the essence of life is this eating of itself! Life lives on lives, and the reconciliation of the human mind and sensibilities to that fundamental fact is one of the functions of some of those very brutal rites in which the ritual consists chiefly of killing—in imitation, as it were, of that first, primordial crime, out of which arose this temporal world, in which we all participate. The reconciliation of mind to the conditions of... ...n outside pine tree while Joy takes a turn, prancing about in the form of Tea Cake. Like Joy, Sorrow—and the violence which brings it about—has a place in the world and in Janie’s life. And in the novel’s closing lines, Janie â€Å"[pulls] in her horizon like a great fish-net. [Pulls] it from around the waist of the world and [drapes] it over her shoulder. So much of life in its meshes! She called in her soul to come and see† (184). Sorrow, of course, is included in Janie’s horizon, and the image of pulling in her horizon reverses the previous image of Sorrow flying out. Janie not only accepts the sorrow and violence of life, but welcomes it. And, in doing so, Janie’s horizon embraces the waist of the world, and her creation becomes the creation of a world. Reference Hurston, Zora Neale. Their Eyes Were Watching God. Ed. Henry Louis Gates. New York: Harper, 1990.

Marks and Spencer

Abstract Currently, the retailer Marks and Spencer (M&S) is not only well-recognized among the UK citizens, although its branches are well established across the globe with many product categories available. During recent years, it has been found that the sales growth of Marks and Spencer’s merchandising, which has been its oldest and most important sector, has been in decline while the growth of M&S’s food sector has increased at an impressive pace. This study will attempt to find the factors responsible for the declining sales in clothing and the rising growth in food of Marks and Spencer, and hope to shed some lights on which areas the company should focus on to fix this decline in sales. The method will rely on the literature reviews of article from credible sources as well as published books. The paper will be analysed in two sections: factors affecting a sales slump in clothing, and factors affecting the rapid sales growth in the food department. 1. Introduction Established in 1884, Marks and Spencer has grown from a single-market company to a multinational corporation that has many branches around the world, including in England, the United States, and Thailand (www.marksandspencer.com, 2014). Not only has the 130-year-old corporation expanded across the globe, but it has also increased its product diversity as well. Although it began as a merchandising business, M&S currently sells a range of products, including women’s lingerie, sportswear, cosmetics and food. However recent sources, including Ahmed (2014), Ficenec (2014) and Pinnington (2014) have observed that the sales of the clothing division of M&S has been declining in recent years while that of the food department has increased; for instance, Ahmed (2014) at the BBC found that clothing has gone down by 1.5 percent in 2014, while a like-for-like sale of food has gone up by 1.7 percent in this time. Ficenec also added that the decreasing sales in the clothing department has be en going on for up to three years. As of late 2013, the sale of food accounted for more in the total sales of clothes, with 55 percent against 45 percent respectively (Ruddick, 2013). For the clothing department, this event could be classified as relative product failure (Dibb et al., 2006). Though one may argue that the drop in sales might be an industry trend for that year, Primark was found to receive a 5 percent like-for-like increase in sales during this time (Ruddick, 2013). Therefore, marketing problems in M&S’s clothing department have emerged as an interesting research topic. This report will discuss several marketing factors that could account for the widening sales gap between Mark and Spencer’s food and clothing divisions, focusing primarily on the UK. The study is divided into two discussions of the factors affecting the sales slump in clothing and will discuss the factors affecting the rapid growth in sales for the food department. Elements analysed in this paper include marketing variables, such as: target markets and customer profiles, price, quality and product positioning. Finally, a conclusion on the relevance of the examined factors towards the sales diversion will be made. 2. Literature review Marketing strategy can be defined as an organisation’s strategy that combines all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and sustain the business. According to the Business Dictionary (2014), the marketing strategy is the foundation of a marketing plan. Marks & Spencer is one of the oldest supermarkets in the UK. Established in 1884 by Michael Marks and Thomas Spencer in Leeds, the company became the first British retailer to make a pre-tax profit of over ?1 billion. It has delivered to more than 30 countries from its UK site and has 8 International websites and 644 UK stores (www.marksandspencer.com, 2014). Various sources, including Ahmed (2014), Ficenec (2014) and Pinnington (2014) have observed that Marks & Spencer as a company has been expanding and diversifying its products so that it includes foodstuffs as well as clothing and plastic materials. 3. Methodology This study took place in Middlesex University on the pre-sessional programme in August 2014. It was completed by a group consisting of three people from the pre-sessional course, these were: Mohammed, Maram and Buk. We chose Marks and Spencer Company from FTSE 100 because M&S is one of the most popular and oldest companies in the UK. It also offers a wide range of products such as food or clothes. Once we had selected this company, we performed research in the library to find out the factors that made sales grow for Marks and Spencer, and why this was greater for food than clothes. After that, the researchers interviewed others at Middlesex University. We performed secondary research by using websites and search engines, like Google scholar. We also looked at a database of Middlesex University as well as library catalogue to find sources that were related to our research and supported our ideas towards answering this question. We found many credible sources such as journals articles, books, newspaper and website. ? 4. Findings The researcher explored for sources that would be useful for this report. Three articles were found that are used in this report and were widely useful because they provided updated information. Further information was extracted from the company website, which was cited as particularly useful for historical information about the company and its origins, and also its subsidiaries. Moreover, it was found that book were used to provide general information and the views of academic sources. From these sources, it was identified that there is clear disparity between the sale of food and sale of clothing in Marks and Spencer Company. This was observed from various sources, including Ahmed (2014) who notes that while food sales were on the rise, clothing sales were falling. Ahmed from the BBC found clothing sales have dropped by 1.5 percent in 2014, while like-for-like sales of food rose 1.7 percent. However, there are several reasons for this disparity which will be explored in the foll owing section. 5. Discussion and Analysis There is a clear disparity between the sale of food and clothing in Marks and Spencer Company. Various sources such as Ahmed (2014) from the BBC saw that while food sales were on the rise in M&S, clothing sales were falling. Ahmedfound that the sale of clothing dropped by 1.5 percent in 2014, while like-for-like sales of food rose 1.7 percent. However, there are several reasons for this disparity. The first factor, or the reason for the success of the food sales in M&S, is the diversity of items in the food range and also the quality of the food. These were identified as the most important reasons that helped promote the sale of food products at M&S. The company’s success in the sale of food can also be attributed to the popularity of microwavable foods, which have provide to be the most popular product in the food sales (Tresidder, 2010). A further reason that can be attributed to the success of the food sales in M&S is due to the marketing campaigns surrounding them. The advertising for the food can be seen as one of the primary reasons for the success of the food sales in M&S. The adverts appear on websites, television and marketing texts and all have an effect on promoting the M&S food products to consumers. As a result, the company actually relies on the M&S logo to attract consumers along with the company slogan – â€Å"this is not just food.† Kress (1996) and Van Leeuwen (2001) describe how this could be a good way to market the product and is a modern way to attract consumers. Furthermore, this marketing campaign can contribute to create effective promotional images on the TV which will lead on to higher sales of M&S food. Among the factors that have helped the growth of sales of food products is the location and quality of the product. These are all factors that have been cited as attributing to the increase in sales of food products; however, the decline of the sale of clothing products is not entirely associated with the success of the food products but, more so, poor handling of the clothing line. For example, it has been argued that M&S clothing range has been guilty of poor product positioning, both in stores, shop windows and in marketing texts (Tresidder, 2010). Furthermore, the clothing department website has been criticised for being overly complicated and difficult to navigate (Ahmed, 2014). Therefore it could be suggested that the M&S clothing department learn the lessons of effective pricing, advertising and use of branding tools, such as slogans, used by the food department, to halt this decline and reverse the movement of their sales growth. 6. Conclusion In conclusion, M&S has faced several issues in the Department of clothing, as sales fell dramatically; yet the sale of food products continue to rise. Several contributing factors to this pattern have been discussed, including effective branding, marketing for the food products, and poor product positioning of the clothing items. However, 7. Bibliography Ahmed, K. (2014) â€Å"M&S chief Bolland says results ‘not good enough’†, BBC News Business, 8 July 2014. Accessed online at: http://www.bbc.com/news/28205935 [accessed 03/08/2014]. Dibb, S. (2006) Marketing: Concepts and Strategies, Houghton Mifflin Company: ISBN. Ficenec, J. (2014) â€Å"Question share tip: Hold Marks & Spencer on strong food sales†, in The Telegraph, 9 July 2014. Accessed online at: http://www.telegraph.co.uk/finance/10955632/Questor-share-tip-Hold-Marks-and-Spencer-on-strong-food-sales.html [accessed 03/08/2014]. Marks and Spencer, Official Website. Accessed online at: http://corporate.marksandspencer.com/?intid=gft_company [accessed 18/08/2014]. Marks and Spencer Abstract Currently, the retailer Marks and Spencer (M&S) is not only well-recognized among the UK citizens, although its branches are well established across the globe with many product categories available. During recent years, it has been found that the sales growth of Marks and Spencer’s merchandising, which has been its oldest and most important sector, has been in decline while the growth of M&S’s food sector has increased at an impressive pace. This study will attempt to find the factors responsible for the declining sales in clothing and the rising growth in food of Marks and Spencer, and hope to shed some lights on which areas the company should focus on to fix this decline in sales. The method will rely on the literature reviews of article from credible sources as well as published books. The paper will be analysed in two sections: factors affecting a sales slump in clothing, and factors affecting the rapid sales growth in the food department. 1. Introduction Established in 1884, Marks and Spencer has grown from a single-market company to a multinational corporation that has many branches around the world, including in England, the United States, and Thailand (www.marksandspencer.com, 2014). Not only has the 130-year-old corporation expanded across the globe, but it has also increased its product diversity as well. Although it began as a merchandising business, M&S currently sells a range of products, including women’s lingerie, sportswear, cosmetics and food. However recent sources, including Ahmed (2014), Ficenec (2014) and Pinnington (2014) have observed that the sales of the clothing division of M&S has been declining in recent years while that of the food department has increased; for instance, Ahmed (2014) at the BBC found that clothing has gone down by 1.5 percent in 2014, while a like-for-like sale of food has gone up by 1.7 percent in this time. Ficenec also added that the decreasing sales in the clothing department has be en going on for up to three years. As of late 2013, the sale of food accounted for more in the total sales of clothes, with 55 percent against 45 percent respectively (Ruddick, 2013). For the clothing department, this event could be classified as relative product failure (Dibb et al., 2006). Though one may argue that the drop in sales might be an industry trend for that year, Primark was found to receive a 5 percent like-for-like increase in sales during this time (Ruddick, 2013). Therefore, marketing problems in M&S’s clothing department have emerged as an interesting research topic. This report will discuss several marketing factors that could account for the widening sales gap between Mark and Spencer’s food and clothing divisions, focusing primarily on the UK. The study is divided into two discussions of the factors affecting the sales slump in clothing and will discuss the factors affecting the rapid growth in sales for the food department. Elements analysed in this paper include marketing variables, such as: target markets and customer profiles, price, quality and product positioning. Finally, a conclusion on the relevance of the examined factors towards the sales diversion will be made. 2. Literature review Marketing strategy can be defined as an organisation’s strategy that combines all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and sustain the business. According to the Business Dictionary (2014), the marketing strategy is the foundation of a marketing plan. Marks & Spencer is one of the oldest supermarkets in the UK. Established in 1884 by Michael Marks and Thomas Spencer in Leeds, the company became the first British retailer to make a pre-tax profit of over ?1 billion. It has delivered to more than 30 countries from its UK site and has 8 International websites and 644 UK stores (www.marksandspencer.com, 2014). Various sources, including Ahmed (2014), Ficenec (2014) and Pinnington (2014) have observed that Marks & Spencer as a company has been expanding and diversifying its products so that it includes foodstuffs as well as clothing and plastic materials. 3. Methodology This study took place in Middlesex University on the pre-sessional programme in August 2014. It was completed by a group consisting of three people from the pre-sessional course, these were: Mohammed, Maram and Buk. We chose Marks and Spencer Company from FTSE 100 because M&S is one of the most popular and oldest companies in the UK. It also offers a wide range of products such as food or clothes. Once we had selected this company, we performed research in the library to find out the factors that made sales grow for Marks and Spencer, and why this was greater for food than clothes. After that, the researchers interviewed others at Middlesex University. We performed secondary research by using websites and search engines, like Google scholar. We also looked at a database of Middlesex University as well as library catalogue to find sources that were related to our research and supported our ideas towards answering this question. We found many credible sources such as journals articles, books, newspaper and website. ? 4. Findings The researcher explored for sources that would be useful for this report. Three articles were found that are used in this report and were widely useful because they provided updated information. Further information was extracted from the company website, which was cited as particularly useful for historical information about the company and its origins, and also its subsidiaries. Moreover, it was found that book were used to provide general information and the views of academic sources. From these sources, it was identified that there is clear disparity between the sale of food and sale of clothing in Marks and Spencer Company. This was observed from various sources, including Ahmed (2014) who notes that while food sales were on the rise, clothing sales were falling. Ahmed from the BBC found clothing sales have dropped by 1.5 percent in 2014, while like-for-like sales of food rose 1.7 percent. However, there are several reasons for this disparity which will be explored in the foll owing section. 5. Discussion and Analysis There is a clear disparity between the sale of food and clothing in Marks and Spencer Company. Various sources such as Ahmed (2014) from the BBC saw that while food sales were on the rise in M&S, clothing sales were falling. Ahmedfound that the sale of clothing dropped by 1.5 percent in 2014, while like-for-like sales of food rose 1.7 percent. However, there are several reasons for this disparity. The first factor, or the reason for the success of the food sales in M&S, is the diversity of items in the food range and also the quality of the food. These were identified as the most important reasons that helped promote the sale of food products at M&S. The company’s success in the sale of food can also be attributed to the popularity of microwavable foods, which have provide to be the most popular product in the food sales (Tresidder, 2010). A further reason that can be attributed to the success of the food sales in M&S is due to the marketing campaigns surrounding them. The advertising for the food can be seen as one of the primary reasons for the success of the food sales in M&S. The adverts appear on websites, television and marketing texts and all have an effect on promoting the M&S food products to consumers. As a result, the company actually relies on the M&S logo to attract consumers along with the company slogan – â€Å"this is not just food.† Kress (1996) and Van Leeuwen (2001) describe how this could be a good way to market the product and is a modern way to attract consumers. Furthermore, this marketing campaign can contribute to create effective promotional images on the TV which will lead on to higher sales of M&S food. Among the factors that have helped the growth of sales of food products is the location and quality of the product. These are all factors that have been cited as attributing to the increase in sales of food products; however, the decline of the sale of clothing products is not entirely associated with the success of the food products but, more so, poor handling of the clothing line. For example, it has been argued that M&S clothing range has been guilty of poor product positioning, both in stores, shop windows and in marketing texts (Tresidder, 2010). Furthermore, the clothing department website has been criticised for being overly complicated and difficult to navigate (Ahmed, 2014). Therefore it could be suggested that the M&S clothing department learn the lessons of effective pricing, advertising and use of branding tools, such as slogans, used by the food department, to halt this decline and reverse the movement of their sales growth. 6. Conclusion In conclusion, M&S has faced several issues in the Department of clothing, as sales fell dramatically; yet the sale of food products continue to rise. Several contributing factors to this pattern have been discussed, including effective branding, marketing for the food products, and poor product positioning of the clothing items. However, 7. Bibliography Ahmed, K. (2014) â€Å"M&S chief Bolland says results ‘not good enough’†, BBC News Business, 8 July 2014. Accessed online at: http://www.bbc.com/news/28205935 [accessed 03/08/2014]. Dibb, S. (2006) Marketing: Concepts and Strategies, Houghton Mifflin Company: ISBN. Ficenec, J. (2014) â€Å"Question share tip: Hold Marks & Spencer on strong food sales†, in The Telegraph, 9 July 2014. Accessed online at: http://www.telegraph.co.uk/finance/10955632/Questor-share-tip-Hold-Marks-and-Spencer-on-strong-food-sales.html [accessed 03/08/2014]. Marks and Spencer, Official Website. Accessed online at: http://corporate.marksandspencer.com/?intid=gft_company [accessed 18/08/2014]. Marks and Spencer Case Study: Marks and Spencer, Ltd. (A) Marks and Spencer has a reputation of greatness and quality in the U. K. Their five tenets of operating principals are the cornerstone of the company’s strength in the industry. They fostered strong human relations with its customers, suppliers, and staff through offering selective range of high-quality merchandise at reasonable prices, encouraging suppliers to use top-notch modern technology, growth, and cooperation to enforce the highest standard of quality.Breaking down Porter’s Five Forces identifies the competitive forces in Mark and Spencer: 1) Suppliers: M&S is not dependent on suppliers as other stores are, due to M&S producing and selling its own branded products. Raw products are supplied, which is an advantage for its margins. They have an astounding and long (some relationships dating back to 40 years) reputation with their suppliers, which allows for discounts. 2) Buyers: Buyers have a substantial influence by shoppin g around, forcing M&S to continue in supplying high quality garments and food products at reasonable prices. ) Threat of Entry: Even though M&S has a very loyal customer base, online shopping was just at the early stages in the early 1990’s along with other super markets establishing a one-stop shop for all customers’ needs. 4) Substitutes: Threat of substitutes is high due to buyers’ looking for cheaper alternatives in other competitive outlets. Also, because M&S focused on essential clothing, and less on fads or trendy lines, competitors were quicker to react in offering more trendy clothing lines. ) Competitive Rivalry: M&S has fierce competition from other food, clothing, and home wares retailers; such as supermarkets Tesco, Asda, and J. Sainsbury. Due to M&S commanding market strength in the U. K. , M&S expanded overseas. They had shared success in other countries, but also were also presented with challenges. For instance, France viewed M&S brand as old-fa shioned. Looking at Exhibit 13, the market share of clothing and footwear by age group were as followed: 15-24 age group (5. 9%), 25-44 age group (13. 9%), 45-64 (21. 3%), and 65+ (23. 6%).M&S focused on getting more of those younger buyers into the stores where they see first-hand the service they provide; but if M&S focused less on fad and trends (which is attractive to the younger demographic) the efforts in marketing are wasted. Out of the five locations in France, only Paris was showing promising performance. With M&S strong performance in U. K. , it can’t expect its brand presence in U. K. to spill over to other countries. As noted, M&S never reached its full potential even though it acquired/purchased interests of other department stores.What if M&S invested more into marketing and â€Å"perusing the public to buy† instead of just relying on the products to sell itself? What if M&S invested more into clothing lines that follow trends and fads, to tap into the yo unger demographic? For instance, take chains such as H&M or Forever 21: offering affordable trendy clothing that cater to younger buyers. M&S can still offer well-designed and quality clothing lines, but now attract the younger and older buyers that are into trendy fashions; but it is very crucial they don’t abandon their loyal customer base.What if M&S closed stores that had small market share and minimal profit (some territories in Austria and West Europe), and invested more into extending the market share in other countries? Also, during the 90’s, the world-wide web came into existence along with online shopping, allowing M&S to extend its services and marketing (which I was surprised there was no mention of it in the case). Source: Marks and Spencer, Ltd. (A) (1994). HBR 9-391-089, by Cynthia A. Montgomery Marks and Spencer Case Study: Marks and Spencer, Ltd. (A) Marks and Spencer has a reputation of greatness and quality in the U. K. Their five tenets of operating principals are the cornerstone of the company’s strength in the industry. They fostered strong human relations with its customers, suppliers, and staff through offering selective range of high-quality merchandise at reasonable prices, encouraging suppliers to use top-notch modern technology, growth, and cooperation to enforce the highest standard of quality.Breaking down Porter’s Five Forces identifies the competitive forces in Mark and Spencer: 1) Suppliers: M&S is not dependent on suppliers as other stores are, due to M&S producing and selling its own branded products. Raw products are supplied, which is an advantage for its margins. They have an astounding and long (some relationships dating back to 40 years) reputation with their suppliers, which allows for discounts. 2) Buyers: Buyers have a substantial influence by shoppin g around, forcing M&S to continue in supplying high quality garments and food products at reasonable prices. ) Threat of Entry: Even though M&S has a very loyal customer base, online shopping was just at the early stages in the early 1990’s along with other super markets establishing a one-stop shop for all customers’ needs. 4) Substitutes: Threat of substitutes is high due to buyers’ looking for cheaper alternatives in other competitive outlets. Also, because M&S focused on essential clothing, and less on fads or trendy lines, competitors were quicker to react in offering more trendy clothing lines. ) Competitive Rivalry: M&S has fierce competition from other food, clothing, and home wares retailers; such as supermarkets Tesco, Asda, and J. Sainsbury. Due to M&S commanding market strength in the U. K. , M&S expanded overseas. They had shared success in other countries, but also were also presented with challenges. For instance, France viewed M&S brand as old-fa shioned. Looking at Exhibit 13, the market share of clothing and footwear by age group were as followed: 15-24 age group (5. 9%), 25-44 age group (13. 9%), 45-64 (21. 3%), and 65+ (23. 6%).M&S focused on getting more of those younger buyers into the stores where they see first-hand the service they provide; but if M&S focused less on fad and trends (which is attractive to the younger demographic) the efforts in marketing are wasted. Out of the five locations in France, only Paris was showing promising performance. With M&S strong performance in U. K. , it can’t expect its brand presence in U. K. to spill over to other countries. As noted, M&S never reached its full potential even though it acquired/purchased interests of other department stores.What if M&S invested more into marketing and â€Å"perusing the public to buy† instead of just relying on the products to sell itself? What if M&S invested more into clothing lines that follow trends and fads, to tap into the yo unger demographic? For instance, take chains such as H&M or Forever 21: offering affordable trendy clothing that cater to younger buyers. M&S can still offer well-designed and quality clothing lines, but now attract the younger and older buyers that are into trendy fashions; but it is very crucial they don’t abandon their loyal customer base.What if M&S closed stores that had small market share and minimal profit (some territories in Austria and West Europe), and invested more into extending the market share in other countries? Also, during the 90’s, the world-wide web came into existence along with online shopping, allowing M&S to extend its services and marketing (which I was surprised there was no mention of it in the case). Source: Marks and Spencer, Ltd. (A) (1994). HBR 9-391-089, by Cynthia A. Montgomery

StockTrak

If we compare our Bear and Bull spreads to short and long stock positions respectively we can actually show how options are highly levered financial instruments, increasing profits, but also losses tremendously. If we had shorted a Cataracts stock our profit from the price decline would have been 6. 50% per share, while with our Bear Spread we made a profit of ten times the cost of building the spread. On the other hand, If we had held a Nikkei stock we would have had a loss of 6. 27% per share from the price cline, whereas our loss with the bull spread was 74. 8% if we compare it to the cost of building the spread. This figures show how option trading is cheaper relative to stock trading, but profits or losses are much higher in percentage terms. For our Butterfly, Strangle and Straddle strategies we chose Pfizer, which based on our analysis, presented Itself as a very stable stock, with a 6-months average price of $30. 66 and a current price of $31. 12 (March 13th). We wanted to be t on very low volatility and make a profit from very low fluctuations from Pfizer stock.Our Butterfly parade consisted on shorting two 32-strike calls and taking a long position on 31- strike and 33-strike calls. The center strike price of our butterfly was the exercise price of the Straddle and also lied exactly in the middle of the $31. 5-strike put and $32. 5-strike call for our Strangle. In the end, our Butterfly spread turned out to be for our spread (see Graph 3). 2. ) The article posted referrers to â€Å"covered call writing† as taking a long position on stock and writing a call that is significantly out-of-the money.With his strategy, if the call option is exercised and the investor has to sell his hares, he is covered by holding the underlying. If we compared the covered call strategy to a short naked call we can clearly see that the risk for the naked position is unlimited if the price of the stock increases. With the covered call, by going long on the underlying, we cap our profit but we also limit our loss, whereas with the naked short call we are completely exposed. The analog position using puts, I. E â€Å"covered put writing† would mean writing a put and shorting the underlying.To execute such a strategy is possible, but the risk embedded in it is very high, because the potential asses from a price increase in the stock are unlimited. The premium gained from the put writing might not be large enough to cover the losses from the short position if the price increase is high. 3. ) For our collar strategy we selected Apple stock. To execute such a trade we bought 1,000 shares at $527. 49, went long one thousand 535-strike puts and shorted the same number of 540-strike calls; both option contracts expired on April 25.Our collar was as close to zero as possible, where the put options had a price of $16. 5 and the call options were priced at $17. 25. If the rice of Apple had stayed between the two designated strikes, our profit would ha ve been the value of the stock plus the $0. 75-differential between the option prices. At maturity Apple closed at $571. 94, meaning that the call option was exercised and we lost $41. 94, but we also gained $44. 45 on the price appreciation of the shares, leaving us with a net profit of (44. 45 – 41. 94 + 0. 75) $3. 26 per share. 4. To execute the stop- loss and delta-hedge strategies we wrote 100 at-the-money call option contracts on Backbone and Google. Our initial position to hedge both strategies was long the hares of both companies. For Backbone we used the stop-loss strategy and set arbitrary times to check our positions and hedge it. The initial cash inflow of shorting these options was $35,500 and the cost of hedging this position went up to $174,312. 51. On the other hand, with the Google options we used the delta-hedge strategy and checked the stock price 3 times a day.The initial cash inflow from shorting the calls was $54,000 and the costs related to hedging reac hed a total of $1 The amount spent for hedging the FEB.. Shares was 5 times larger than he value of the options we sold, while for Google the ratio was 20 to 1 . After seeing these figures we can observe that hedging strategies are extremely costly, but are essential to protect short positions against risk and prevent higher losses. 5. ) To create the â€Å"synthetic† rep we bought Gold at spot price of $1,296 on March 27 and shorted Gold futures expiring in April; the average of the ask and bid prices for this contract was $1 ,302.Executing this transaction, we locked in our prices for a return of 0. 463%. The I-month treasury bills from the U. S. Federal Reserve website is quoted at 0. 0167%, which is essentially 0%. Comparing the return rate from our futures contract with the I-month T-bill rate, there is an arbitrage opportunity. To exploit this opportunity we would borrow money at the T-bill rate of and use it to buy gold at the spot price, in addition to these transacti ons, we would short Gold futures to make a final profit of 0. 613%. 6. ) current pence of BIBB: $ 290. 54 price of put @ 290: 10. 30 price of call @ 290: 13. 00 Deep in the money calls: price of call 0280: 9. 40 pence of put 0280: 5. 42 Deep in the money puts: price of call @300: 7. 72 pence of put 0300: 16. 8 If we look at at-the-money options and, considering that the risk free rate is essentially zero, the stock price and the present value of the strike price are practically equal, so in order for UT Call Parity to obey, the put and call price should be identical.As we can see in the quoted prices above, parity doesn't hold; the call price is higher than the put. We could exploit this opportunity by going long on the put and the share, shorting the call and borrowing the present value of K. When it comes to deep in-the-money calls the share price is higher than the present value of K, so the call price should be higher than the put price by the same amount as the price differenti al between S and IV (K). We can see from the prices above that the call is undervalued in relation to the put.To exploit this arbitrage opportunity we would buy a call, invest IV (K) and short the put and the share. Finally, for deep in-the- money puts, the share price is lower than the present value of K, so the put price should be higher than the call price by the same amount as the price differential between S and IV (K). We can see that the put is undervalued in relation to the call. To exploit this arbitrage opportunity we would buy the put and the share, borrow IV (K) and short the call. 7. When looking at the overall performance of our portfolio and its relative risk we can conclude that it was much riskier relative to the S and also had a lower return. If we look at the summary figures of our portfolio we can see that it had an overall return of 0. 63%, whereas the SPY IETF had a percentage return of 1 . 19% (see Graph 4). We believe that the reason for the lower return and higher risk of our portfolio comes from several trades involving silver and platinum futures entrants that we performed to experiment with the platform and observe how these contracts behaved.In general we think that such a project is a very useful and enjoyable way to get to know the trading world. Performing actual trades allowed us to â€Å"get our hands dirty' and truly understand how to build spreads and implement investment strategies. This project gave us the opportunity to go beyond the theory and realize that trading can sometimes be more complicated that it seems on paper, but can also become much clearer once the theory is implemented in a â€Å"real world† setting. We very much enjoyed working on this project.

Ambiguity in The Scarlet Letter essays

Ambiguity in The Scarlet Letter essays The element of ambiguity, in which the meaning of something is unclear, allows Nathaniel Hawthorne to mingle the marvelous in his 1850 novel The Scarlet Letter. Hawthornes continual use of this element gives the book a certain air of mystery; therefore permitting the reader to draw his or her own conclusions. One is constantly weighing the natural versus the marvelous reason for an event. The Scarlet Letter illustrates ambiguity throughout the entire novel. The first occurrence of ambiguity is concerning the rosebush, outside of the prison where Hester was kept. No one truly knew the origin of the rosebush. Hawthorne leaves it up to the reader to decide whether the rosebush had survived out of the stern wilderness or whether it had sprung up under the footsteps of the sainted Ann Hutchinson. There is also an additional instance of ambiguity with the rosebush. But, this time it also concerns Pearl. When passing the rosebush at the Governors home, Pearl asks her mother for a rose. Later, when she is being questioned where she came from, Pearl replies, that she had been plucked by her mother off the bush of wild roses that grew by the prison door. The natural reason for this is that Pearl wanted a rose from the Governors bush and Hester said no. The marvelous reason is that the origins of both Pearl and the rosebush are unknown and ambiguous. This occurs as well with the creek later in the novel. While Hester meets with her Dimmsdale, Pearl goes off to play. She encounters the creek, which is ambiguous as herself. Both Pearl and the brook have unknown origins. Pearl resembled the brook, in as much as her current life gushed from a wellspring as mysterious. Another instance of ambiguity is why Hester remains in Boston. She could have very easily left and not been forced to wear the scarlet letter and endure years of humiliation. Yet, Hester stayed in ...

Definition and Examples of RAS Syndrome

Definition and Examples of RAS Syndrome RAS syndrome is a humorous initialism for Redundant Acronym [or Abbreviation] Syndrome syndrome: the (redundant) use of a word thats already included in an acronym or initialism. Also known as  PNS syndrome (PIN number syndrome syndrome) and acronym-assisted pleonasm. Common examples of RAS syndrome include  PIN number (personal identification number number),  AC current (alternating current current) and HIV virus (human immunodeficiency virus virus).  Such redundancies, says Bryan Garner, may be passable in speech- especially with unfamiliar acronyms- [but] they should be avoided in formal writing (Garners Modern American Usage, 2009). The term RAS syndrome first appeared in the magazine New Scientist (May 26, 2001). Examples and Observations LCD display for liquid crystal display displayCNN network for Cable News Network networkRAM memory for random-access memory memoryRSI injury for repetitive strain injury injury  SARS syndrome for severe acute respiratory syndrome syndromeMVUE estimator for minimum-variance unbiased estimator estimatorCMS system for content management system systemBBC corporation for British Broadcasting Corporation corporationIRA account for individual retirement account accountPCR reaction for  polymerase chain reaction reaction Redundancies Everywhere You Look I overheard part of your ATM story and I just couldnt let it go by. Do you know what ATM stands for?Of course. Automated teller machine.He went to college, Robin said.Okay, how about PIN?You mean as in PIN number?Aha! she exclaimed again. Now do you see it? The bartender brought her drink and she took a careful sip, then came back to them. You said you were at the ATM machine and forgot your PIN number. The automated teller machine machine and the personal information number number. Redundancies everywhere you look.(John Lescroart, The Hunter. Dutton, 2012) Reply RSVP The request reply RSVP is pretty much the same thing as youre being asked to reply twice. . . . [T]he word Sahara means great desert in Arabic (via Tuareg), so referring to that big, hot, sandy place in North Africa as the Sahara Desert is totally tautological, meaning as it does great desert desert.(Roger Horberry, Sounds Good on Paper: How to Bring Business Language to Life. Bloomsbury, 2010) The Lighter Side of RAS Syndrome Sidney Cochran: I am going to bed. We have a 10 a.m. plane to catch in the morning.Diana Barrie: 10 a.m. is the morning. That is redundant, you A.H.(Michael Caine and Maggie Smith in California Suite, 1978)

How Long Is the SAT With Extended Time

How Long Is the SAT With Extended Time SAT / ACT Prep Online Guides and Tips Students with documented disabilities may be eligible to receive extended time on one or more sections of the SAT. The options for extended time vary by student and must be approved ahead of the testing date by College Board's Services for Students with Disabilities (SSD). If you're a student, parent, or educator interested in extra time accommodations on the SAT, read on to learn about the different options and how long each one makes the SAT. First, let's briefly review who qualifies for additional time. Who's Eligible for Extended Time on the SAT? In order to qualify for extended time on the SAT, students must have a documented disability that constitutes a "relevant functional limitation." In other words, their disability impacts their ability to take the SAT, and extended time may help them improve their performance. These disabilities include visual, physical, medical, and motor impairments and learning disorders. Generally, eligible students will have an established Individualized Education Plan (IEP) or 504 plan with their school. However, having a plan or accommodations for extra time at school doesn't necessarily guarantee them extra time on the SAT. A qualified school coordinator must make an official request to College Board and provide all the necessary documentation. Since approval takes about seven weeks, she should start this process early. When making the request, the coordinator will indicate whether the student needs extended time for reading, mathematical calculation, written expression, or listening/speaking (for SAT Subject Tests). If the coordinator specifies extended time on reading, then the student will typically get extended time on all SAT sections, as they all require reading of some form. Apart from differences in time per section, what other options does College Board offer for extended time on the SAT? What Are the Options for Extended Time on the SAT? There are three options for extended time on the SAT: time and a half, double time, and 150% additional time. The amount of time students get varies depending on whether they take the SAT without the optional essay or the SAT with the essay section.Below, you can see the amount of time students get with each extended time option. Time and a Half The most commonoption for extended timeon the SAT lengthens it by 50%. Time and a half makes the SAT without the optional essay a total of 4 hours and 30 minutesand the SAT with the essay a total of 5 hours and 45 minutes.Students with time and a half take the SAT at the usual time and place, on a Saturday morning at their testing center of choice. Double Time The second option is double time, or 100% additional time, for a total of 6 hourson the SAT without essay or 7 hours and 40 minutes for the SAT with essay. Students with double time typically take the SAT over the course of two days at their school. 150% Additional Time Finally, in rare cases students may be granted 150% additional time and get 7 hours and 30 minutes on the SAT without essay and 9 hours and 35 minutes on the SAT with essay. Like students with double time, students with 150% additional time typicallytake the SAT over the course of two days at their school, rather than take it at the official testing center. They would sit with a school coordinator, generally one on one, unless there were another student or two with similar accommodations. While the above mentioned times technically describe the length of the test, the actual experience is longer due to breaks and time for instructions. Considering these factors, how long will the SAT with accommodations actually take? Ready with your planner? How Long Is the SAT With Extended Time? The times above describe how much time a student has to complete the Reading, Writing, and Math sections, but they don't include breaks, instructions, or other logistics of the test-taking experience, like passing out and collecting the test booklets. Students with extended time must stay for the entire designated time, even if they finish early. They also can't flip between sections or self-pace, but instead must stay on each individual section until time has been called. Without accommodations, the SAT is 3 hours with the essayor 3 hours and 50 minutes with the essay. Without the essay, students get two breaks totaling about 10 minutes. With the essay, students get three breaks for a total break time of about 15 minutes. Extended time doesn't include extended or extra breaks unless a specific request has been made and approved. For most students with extended time, therefore, you can just add 10 or 15 minutes of break timeand 30 to 60 minutes for administrative tasks to get a sense of how long the SAT will be. In the charts below for the SAT without essay and SAT with essay, I added 30 minutes for check in, instruction, filling out personal information on the tests, and finishing up. In a testing room with a lot of students, it may take a bit longer. For students testing individually or in small groups, check in may take a little less time. Here are my estimates for each extended time option to answer the question, how long is the SAT with breaks? SAT Without Essay Extended time option Total testing time With breaks Total time No extended time 3 hours 3 hours, 10 minutes ~3 hours, 40 minutes 50% additional time 4 hours, 30 minutes 4 hours, 40 minutes ~5 hours, 10 minutes 100% additional time 6 hours 6 hours, 10 minutes ~6 hours, 40 minutes 150% additional time 7 hours, 30 minutes 7 hours, 40 minutes ~8 hours, 10 minutes SAT With Essay Extended time option Total testing time With breaks Total time No extended time 3 hours, 50min 4 hours, 5 minutes ~4 hours, 35 minutes 50% additional time 5 hours, 45 minutes 6 hours ~6 hours, 30 minutes 100% additional time 7 hours, 40 minutes 7 hours, 55 minutes ~8 hours, 25 minutes 150% additional time 9 hours, 35 minutes 9 hours, 50 minutes ~10 hours, 20 minutes Taking the SAT takes a lot of time, energy, and focus. Students definitely don't want to add to their stress by showing up late, and when finished they're probably eager to head home. So what's a safe time for pick up and drop off for students taking the SAT with extended time? Safe Times for Drop Off and Pick Up As mentioned above, students with 50% additional time will take the SAT on Saturday morning at their preferred testing center. They should plan to arrive by 7:45. The SAT is administered between 8:30 and 9:00. Students with time and a half will be finished and ready to be picked up around 1:40 PM or 3:00 PM, depending on whether or not they're taking the essay section. Students with more time will take the test over the course of two days at their school under the supervision of a designated administrator. Their timing will vary. Usually students who start at 8:30 AM test until around noonand then resume the next day. These accommodations are meant to improve the test-taking experience for students and meet their needs. Since the SAT is time intensive, students, parents, and coordinators should make sure to know the ins and outs of the process and options for extended time. Below are the key points to remember. Key Points It takes about seven weeks for College Board to approve SAT accommodations, so gather your documentation and make your requests early. The most common option for extended time is 50% additional time, though some students will get more or only qualify for extra time on certain sections. Students decide whether or not to take the essay section when they register. Students with time and a half will spend from around7:45 AM to 1:40 or 3:00PM at their testing center (depending on if they take the essay or not). Extended time does not automatically include extended or extra breaks, so you need to make these requests separately. Students must stay for their entire designated testing time, so even if they finish early, the above schedule will still apply. Extended time can be a huge help for students with functional limitations, like reading comprehension or attention issues. Make your requests specific and supported by in-depth documentation, and leave extra time in case you need to appeal College Board's decision. Since the SAT is such an important test, you want to make sure you or your student is getting the accommodations she needs to see her best results. What's Next? Apart from extended time, what other accommodations are available to students taking the SAT? Read our full guide on SAT accommodations and how to get them here. Now that you know how long the entire SAT will take, what about each individual section? Answer any questions you have about exactly how long the SAT is here. Want to score a super high SAT score?Get all the tips and expert advice you need inour guide to getting a perfect SAT score. Disappointed with your scores? Want to improve your SAT score by 160points?We've written a guide about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now: Have friends who also need help with test prep? Share this article! Tweet Rebecca Safier About the Author Rebecca graduated with her Master's in Adolescent Counseling from the Harvard Graduate School of Education. She has years of teaching and college counseling experience and is passionate about helping students achieve their goals and improve their well-being. She graduated magna cum laude from Tufts University and scored in the 99th percentile on the SAT. Get Free Guides to Boost Your SAT/ACT Get FREE EXCLUSIVE insider tips on how to ACE THE SAT/ACT. 100% Privacy. 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Family Friendly Policy and Optimum Shifts for Nurses Essay

Family Friendly Policy and Optimum Shifts for Nurses - Essay Example It has been suggested that the UK economy is dependant on workers who work long hours, and if the EU chooses to remove the "opt-out" clause the UK will bode poorly (Cooper, 2003; Parker, 2006). At present, the UK Government wishes to be informed of the multitude of views of stakeholders affected by the consequences of long working shifts. Input is expected to be used to collaboratively construct better legislation and policies that focus on the health and well being of shift workers. Inclusive deliberation over policy aligns UK best practices with those of the European Union (EU), which is currently renewing the 1993 Working Time Directive (93/104/EC) (Department of Trade and Industry [DTI], 2004). This paper aims to review shift working patterns and family friendly policies for nurses in the UK. Firstly, family friendly policies with regard to labour in the UK will be presented. Secondly, shift pattern differences between 8 and 12 hours shall be discussed with regard to family life. Thirdly, the effects of shift patterns on older nurses and their perceptions of shift work affects on family life will be delineated. Next, recommendations for best practices within the UK shall be provided. Finally, a conclusion shall synthesise the main points of the paper. It has been stated by the UK Government that it will implement changes to the European Working Time Directive (what is known as the Horizon... It is reported that a large number of workers in the UK work in excess of a 48 hours (Royal College of Physicians, 2006).Family friendly policies focus on the psycho-social aspects of work, and highlight the importance of values and interaction between children and caregivers, not only to these parties, but also to the wider community, and subsequently social environments that overlap with work (Nickson, Warhurst, Lockyer & Dutton, 2004). Children gain from family friendly policies by way of; socialisation; well being; education; reduced risk of anti-social behaviour; and alternative models for the female role (i.e., as equal participants). Caregivers have the opportunity for increased identity integration and satisfaction with life in general by participating in family-oriented activities. An organisation such as a hospital or other health care delivery environment will benefit from enhanced work performance, better communication and interpersonal skills of staff, and increased high quality care for patients, resulting in both patient and employee (Equal Opportunities Commission [EOC], 2006). From a social point of view, enhanced family functioning, intergenerational and inter gender relationships, combined with a positive view toward childbearing, can boost and maintain a sustainable economy.A good example of inclusive family policies is reflected in the recognition of fatherhood as a valuable psycho-social experience. Since the 1960s radical changes within family structure have taken place (e.g., nuclear families may now be extended to include relatives, step-, bi-racial; adopted; same-sex or single-parent). As such, prioritise have changed, and the contemporary dad wants to spend

Law and Practice of International Organizations Research Paper

Law and Practice of International Organizations - Research Paper Example This is a classic opinion which reflects the intention that the Assembly is merely a parliamentary advisory body with the binding decisions being taken by the Security Council. The GA is characterized an international forum and the meeting of the Member states. As a general rule, GA does not have the power to legislate and its resolutions cannot have the binding effect of laws which are enacted by the national parliament. The resolutions do not have a legal and binding effect and does not create a legal or moral obligation among member states. However, recommendations from the Member states can address important issues of global concern and foster cooperation among states. Malanczuk and Akehurst (1997 p. 53) has concluded that the International Court of Justice in the Nicaragua case has ruled that resolutions of international organizations as a source of law. However, a resolution passed in a meeting of international organization is never conclusive as evidence of customary law. Thus , the mere statement of what a law is supposed to be is not sufficient in evidence, but nothing more an attempt on the part of the states to clarify their position. GA resolutions, even if they may not be binding have a normative value, which means that in certain circumstances, they provide important evidence in establishing the existence of a rule or the emergence of opinion juris. It is necessary to look at the content and the conditions of its adoption to weigh its normative character. These resolutions of international organizations are sometimes known as the â€Å"soft law†, in the sense that the guideline of conduct are not strictly binding norms of law and operate in a grey zone between law and politics, which lack a legally binding quality( Malanczuk and Akehurst, 1997 p. 53). Therefore, the client is not expected to follow the resolution issued by the UN General Assembly because it does not create a legal obligation to the client. The client will also not be subject ed to any sanction even if it complies with its contract with Israel because the resolution issued by the Assembly is merely recommendatory and generally has no legal and binding effect. Hambro (1977, p.250) reported that there is a fundamental difference between the decisions made by the SC which are binding on all member States, while recommendations made by GA are not binding on the states per se, except to those states which have accepted them. However, Dugard, Bethlehem and Du Plessis (1997. P. 34) suggested than an accumulation of resolutions, a repetition of recommendations on a particular subject, may amount to evidence of collective practice on the part of the States. However, the answer will still be different if the arms embargo to Israel was ordered by the Security Council on the basis of Article 41 of the Charter. In this case, I will advise the client to obey and follow the order of arms embargo of the SC to avoid being sanctioned. â€Å"Unlike the UN General Assembly , the Security Council has the competence to adopt resolutions under Articles 24 and 25 of the UN Charter which is binding among all Member States of the organization†(Shaw, 2008, p 116). Therefore, it is mandatory upon the client to strictly follow the resolution of the Security Council. Shaw (2008, p. 411) has concluded in his report that a person who commits a crime within the jurisdiction

Element of international business Essay Example | Topics and Well Written Essays - 2000 words

Element of international business - Essay Example xcess money, so much so that inflation rate soared to 200%.2 In 1989, prices were galloping at the rate of 5,000 per cent a year, prices were being adapted almost daily, and panic-stricken people were getting rid of their currency as though it was scalding them.3 Carlos Menem, who became president of Argentina in 1989 tried to rectify matters by cutting red tape in a determined effort to rejuvenate industrial development, liberalising trade, throwing open state run enterprises to privatisation.4 Privatisation witnessed Argentina disposing off, what Argentines now remorsefully refer to â€Å"las joyas de miabuela† (grandmother’s jewels): Vivendi of France won the privatised water sector, while U.S giants Enron and Fleet were successfully allocated the gas and banking sectors respectively.5 Menem’s ambitious plans did not succeed even after giving it time until March 1991, mainly due to apprehensions over the amount of state deficits.6 The first incident occurred on April 1991. Due to the strong recommendations of Carlos Menem and Minister of Economy Domingo Cavallo, the Argentine Congress passed the Convertibility Law, officially adopting a currency board.8 This move ensured that the peso and the U.S. dollar both circulated freely and in conformity with the law at a 1-to-1 exchange rate.9 In a bid to prevent the government from printing excessive money, the total currency flowing inside the country was rigorously indexed to the number of dollars in the custody of the central bank. The currency board succeeded in bringing back public confidence in the economic system. Secure in the confidence that their monetary possessions (assets, savings and investments) could be converted into U.S dollars at a one-to-one rate, the peso began to be used freely and without apprehension by both Argentines as well as foreigners working in Argentina.10 The second incident took place in May 1995. Carlos Menem, one of the architects of the currency board, was re-elected as

What is The Cash Flows Essay Example | Topics and Well Written Essays - 3750 words

What is The Cash Flows - Essay Example The investment must be done in those opportunities where the NPV value is highest and in this situation spending money on project Alpha will result in highest NPV. The four main investment appraisal technique methods are Payback Period (PP), Accounting Rate of Return (ARR), Net Present Value (NPV) and Internal Rate of Return (IRR). The four main investment appraisal methods used are segmented into two techniques. Non-discounted cash flow technique includes PP and ARR and discounted cash flow technique includes NPV and IRR. Payback Period (PP) is the time acquired to equal the cash inflows and outflows. In the book ‘Financial Accounting for Decision Makers’ and ‘Accounting: An Introduction’ it is discussed that PBP method is important for future context and it is totally cash based. It is also mentioned that it ignores sunk cost and committed cost when applied (Atrill & McLaney, 2013). Payback period is simple to calculate and useful in the short-term and consider the cash flows of the projects which makes it easier to evaluate the liquidity position of the company and decisions about the investment proposals. It explains the management about the time during which investment will be recovered and how quick it could be utilized for another project. On the other hand, this method completely ignores the qualitative aspects of decision making. It is also not possible to analyze the useful life of the asset and does not consider how much cash flow will be generated after payback period is achieved. Payback period ignores the profitability of the company and decision taken on the basis of this method may cause the management to undertake a project which is not profitable. ARR is also known as return on investment and is used to make an analysis of a project, which may take at least a year long time.

The Legal and Ethical Environment of Business Case Study

The Legal and Ethical Environment of Business - Case Study Example The cruise issued receipts to passengers that had a clause stating that any claim made by either the employees or the passengers must be made under the country in which the cruise flag. For this case, the cruise flag a Liberia flag hence any claim to be made must be under the Liberia law.  For a ship to operate international, it should have a country of registry for it to operate in the international water. Cruise vessels of countries such as United Kingdom, United States, Netherlands, Panama, Norway, Bahamas, Netherlands, and Liberia are provided with the flag registry. These countries are members of the International Maritime Organization (IMO) as they provide the vessel owners with the registry services and maritime expertise. In a competitive international shipping industry, flag registration requirement must be met. The first requirement is that the flag state should be a member of International Maritime Organization (IMO) that adopt the IMO's maritime safety Resolutions and C onventions and secondly is that a flag state must have an established maritime organization that is capable of enforcing all international and national regulations.  Since the DWI cruise ship flies Liberian "flag of convenient", they are normally are under a regulatory agency of maritime experts that ensure shipping companies are compliant with the laws of commercial vessels registered in that country in areas of operation procedures and practices. (International Council of Cruise Lines, 2006) DWI issued tickets to Mr. and Mrs. Lowell stating that any claim made by both the passengers and the employees against the shipping company should be made under the law of the country in which the cruise flag. The DWI cruise Minnow happened to fly Liberian flag, therefore, any claim made against the shipping company should be made under the Liberian law.  Under the Liberian law, any property of the wife belongs to the husband and she has no capacity claim for them or even claims for his in juries. When Mrs. Lowell returned to Miami, her attorney faxes a letter to DWI shipping company requesting them to send to the $10 million within 10 business day in regards to Mr. and Mrs. Lowell incident. Indeed the Lowell suffered during the robbery incident in their cabin and they lost valuable items like jewelry. But according to the Liberian law, the wife has no capacity to sue for his husband injuries and even if the jewelry belonged to her, she has no capacity to sue for them since they belong to the husband. However, Mrs. Lowell was also battered and suffered emotional distress during the robbery incident. For this case, her attorney can sue the shipping company for negligence under the law of tort. Her attorney needs to argue that Mrs. Lowell suffered after the robbery incident, therefore, sues the company for damages for breach of contract; infliction of emotional distress; assault and battery. She is entitled to remedies for damages due to negligence on the side of the sh ipping company for there was no clause on the ticket on this and they owed her a duty of care during while on their ship as a passenger. Under the Liberian law, the law of tort protects the individuals' interest in their bodily security and its objective of the remedy is to reinstate a person's initial position.

PLANNING Research Paper Example | Topics and Well Written Essays - 1000 words

PLANNING - Research Paper Example However, on the other hand, if any organization is not planning adequately then, it is on route to damnation to say the least. Additionally, it is important to mention that too much of something is always bad and same goes with planning. The organizations and managers that succumb to planning unnecessarily do not have sufficient time to implement and translate plans into the reality. The value of modifying strategy was revealed in order to survive in the global corporate arena. Each and every country in the world is known to have divergent cultural norms and therefore, it is imperative for the companies to modify their practices according to the environment of the local economy. Ireland, D., & Hitt, M. (1999). Achieving and maintaining strategic competitiveness in the 21st century: The role of strategic leadership. Academy of Management Perspectives Vol 13 (1) 43-57. The leading firms are famous for building a consortium of strategists and operational management. The strategists are responsible for planning new practices and products and the operational managers are there for making these concepts a reality. The abovementioned division is necessary because those who plan cannot implement and those who implement cannot plan. In this manner, a synergetic relation gets birth and therefore, the doers have to work closely with the thinkers. The planning remained an integral part of the business in all ages but in the era of the 21st century, it is more than an integral now because it is the heart and soul of the commerce. The environment of each and every industry in the world is changing rapidly and therefore, the businesses have to change their strategic stance in order to cope with varying climate. The organizations that are planning without any plan are nonexistent because they cannot survive in the challenging market environment of the 21st century (Ireland & Hitt 1999). The entrance of foreign competition placed a premium on the practice of planning and becaus e of this reason, the companies are needed to use more complex methods of planning in order to live their days peacefully in the modern era that is plagued with technological interventions. The planning got complex and if organizations fail to use sophisticated methods towards scheduling then, they will be going to end up extinct. Agnew, M. (2013). Strategic Planning An Examination of the Role of Disciplines in Sustaining Internationalization of the University. Journal of Studies in International Education Vol 17 (2) , 183-202. The importance and value of strategic planning in the field of education was highlighted. The global educational institutions have to plan vigorously in order keep their course offering aligned with the changing and growing needs of the practical arena. The idea of foreseeing the development of new educational needs is indeed the essence of managing educational institutions in the modern era of the 21st century. The planning is also defined as predicting the future and this is the manager’s way to talk to the future. The managers are always talking to the future on their own way. The planning helps the managers in creating the future. Those business professionals who only talk to the future adapt in order to manage the future. But, the managers who plan in detail somehow end up with the power to manipulate the future to service them and their objectives. Thusly, a new organizational philosophy developed where employees are empowered. The planning took a role of providing a new ways of

The Legal and Ethical Environment of Business Case Study

The Legal and Ethical Environment of Business - Case Study Example The cruise issued receipts to passengers that had a clause stating that any claim made by either the employees or the passengers must be made under the country in which the cruise flag. For this case, the cruise flag a Liberia flag hence any claim to be made must be under the Liberia law.  For a ship to operate international, it should have a country of registry for it to operate in the international water. Cruise vessels of countries such as United Kingdom, United States, Netherlands, Panama, Norway, Bahamas, Netherlands, and Liberia are provided with the flag registry. These countries are members of the International Maritime Organization (IMO) as they provide the vessel owners with the registry services and maritime expertise. In a competitive international shipping industry, flag registration requirement must be met. The first requirement is that the flag state should be a member of International Maritime Organization (IMO) that adopt the IMO's maritime safety Resolutions and C onventions and secondly is that a flag state must have an established maritime organization that is capable of enforcing all international and national regulations.  Since the DWI cruise ship flies Liberian "flag of convenient", they are normally are under a regulatory agency of maritime experts that ensure shipping companies are compliant with the laws of commercial vessels registered in that country in areas of operation procedures and practices. (International Council of Cruise Lines, 2006) DWI issued tickets to Mr. and Mrs. Lowell stating that any claim made by both the passengers and the employees against the shipping company should be made under the law of the country in which the cruise flag. The DWI cruise Minnow happened to fly Liberian flag, therefore, any claim made against the shipping company should be made under the Liberian law.  Under the Liberian law, any property of the wife belongs to the husband and she has no capacity claim for them or even claims for his in juries. When Mrs. Lowell returned to Miami, her attorney faxes a letter to DWI shipping company requesting them to send to the $10 million within 10 business day in regards to Mr. and Mrs. Lowell incident. Indeed the Lowell suffered during the robbery incident in their cabin and they lost valuable items like jewelry. But according to the Liberian law, the wife has no capacity to sue for his husband injuries and even if the jewelry belonged to her, she has no capacity to sue for them since they belong to the husband. However, Mrs. Lowell was also battered and suffered emotional distress during the robbery incident. For this case, her attorney can sue the shipping company for negligence under the law of tort. Her attorney needs to argue that Mrs. Lowell suffered after the robbery incident, therefore, sues the company for damages for breach of contract; infliction of emotional distress; assault and battery. She is entitled to remedies for damages due to negligence on the side of the sh ipping company for there was no clause on the ticket on this and they owed her a duty of care during while on their ship as a passenger. Under the Liberian law, the law of tort protects the individuals' interest in their bodily security and its objective of the remedy is to reinstate a person's initial position.

Discussion Questions Essay Example | Topics and Well Written Essays - 500 words - 9

Discussion Questions - Essay Example According to Maslow, â€Å"each level of need must be satisfied before an individual is ready to strive for satisfaction of the next higher level of need.†(Milliken, 1998) The drive for achievement has often overridden the drive for basic needs. Sometimes in a neglectful manner, as with Picasso’s need to create making him forget all other needs, or sometimes it is done with purpose in order to achieve a goal that satisfies one of the other needs. The artistic mind will focus so intently on its creation that all other needs are forgotten in the pursuit of the expression that is hoped to be expressed. The question then becomes, is the focus of the artist able to classify him or her as mentally healthy, or by virtue of the all consuming focus is mental illness present? Achievement does not always indicate good mental health. With the presumption that Maslow’s hierarchy is an example of a healthy mind, then ignoring basic physical and social needs that should come before the priority of creativity would indicate mental disability. However, not only an artist might forget to eat or sleep. Many professions might preclude the needs of the body for the need to accomplish a goal. A scientist on the verge of discovery could easily forget to eat or sleep while focusing on that goal. Any goal that has priority in the mind of the one who is hoping to achieve that goal might interfere with the basic needs. To ignore the D-needs, or deficiency needs in favor of the needs at the self-actualization level is a situation that comes from a the concept of drive. That drive that compels those of great talent or intellect to pursue the focus of that gift is not included in the conceptual idea of Maslow’s theory. The concept of higher purpose is also not taken into consideration in Maslow’s theory. Sacrifice for a greater need often will be taken by an individual who believes that the purpose of their actions out way the

Applications of Engineering Materials in Aerospace

Applications of Engineering Materials in Aerospace In this project I will discuss in details the applications of engineering materials in Engineering and its many application in the Aerospace and Formula 1. Materials are key in engineering because the correct materials are needed to meet the needed of the environment that they are meant for use in. In aerospace the materials that are generally used are thing such as: titanium, aluminium, carbon fibre. For example titanium and titanium alloys are used in aerospace engine combustion chamber which can be in the region of 2000C in some instances. Application of materials in Formula 1 Formula 1 is a motor racing category in which the cars can reach extremely high straight line speed and cornering speeds. For them to be able to reach to be able to reach such high speeds and operate in such conditions, the cars much be built from extremely light and strong materials such as carbon fibre and titanium. Carbon-fiber-reinforced polymer is used extensively in high-end automobile racing .The high cost of carbon fiber is mitigated by the materials unsurpassed strength-to-weight ratio, and low weight is essential for high-performance automobile racing. Race-car manufacturers have also developed methods to give carbon fiber pieces strength in a certain direction, making it strong in a load-bearing direction, but weak in directions where little or no load would be placed on the member. Materials such as titanium are also used a lot throughout a formula one engine because of the fact that it is extremely strong and light which allows it the engine to operate at extreme engine speeds such as 20000RPM for a sustained period of time without resulting in engine failure. A material called Inconel is used in the construction of the cars exhaust pipe because of its ability to hold its shape and continue to work as in intended at high temperatures in the region of 900-1000 C . Quite often in formula the rule makers often dictate what materials are permissible in the construction in various parts of the car and what materials are forbidden. This often due to trying to stop the teams from using very expensive materials in the development of the cars, which would send spending sky high. Materials such as beryllium alloys where banned in the use of the construction of the engine as a cost cutting measure. When with the FIA, the regulators of the sport, top teams with big budget s quite easily end up spending in the region of  £250 million a year on the development of the car. The chassis of the car also knows as the monocoque because of how it’s constructed as one piece. The chassis of the car is also sometime referred to as the â€Å"survival cell† because it has been designed to cocoon the driver in the event of crash and protect them from injury. The chassis also has to be very light as well so that it is possible to reach highest possible acceleration which gives the teams a possible advantage over their rivals. Another reason for a strong chassis in grand prix racing is that the chassis is also used as mounting point for the engine and the gearbox. The reason this is done again to save as much weight as possible whilst maximizing the structural integrity of the car. The material that can do all then things is carbon fiber which was first used in formula 1 when a British engineer called John Barnard built the McLaren MP4-1 chassis from carbon fiber. The material should just how strong it when McLaren driver John Watson had a heavy crash at the Italian grand prix at the Monza circuit , and managed to get out without any major injuries. The car did go to win 6 grand Prix because it was significantly ahead of its rivals in terms of the materials used in its construction which gave it huge advantage over the rest of the field considering that this versatile and super strong was introduced in 1983. Limitations and recyclability of the materials used in Formula 1 and that The limitations of many of the materials is that that most of it is very expensive because of the nature of the materials which puts allot of strain on the smaller teams with smaller budgets especially since 60% of the car is constructed from carbon fibre. Carbon fibre is a recyclable material but the problem with it is that the more it is recycled the more of its structural integrity it losses, like plastic, and therefore the quality of it goes down significantly which means that it can only be used for things such as road paving fillers. The metal parts of the car such as the cars such as the car’s engine and internal parts of the gearbox, such as the gear ratio, gear forks and the main shaft, can all be very easily recycled without the loss of the strength or quality of the material. Materials such as titanium and steel alloyed which are used for internal parts of the gearbox and also the engines major castings ( cylinder heads , crankshaft, engine block , camshafts) can be melted down and made back into gear ratio or many other things such as aerospace quality components which are found in aircraft fuselage or deep within the engines. Material applications in the Aerospace Industry Material research, development and application are absolutely vital in the aerospace industry because through the development of materials that planes are flying higher, faster and safer than ever before. Through the use of ultra light and ultra strong materials such as GLARE (Glass Laminate Aluminum Reinforced Epoxy). GLARE is a Glass Laminate Aluminum Reinforced Epoxy FML, composed of several very thin layers of metal (usually aluminum) interspersed with layers of glass-fiber pre-peg, bonded together with a matrix such as epoxy. The uni-directional pre-preg layers may be aligned in different directions to suit the predicted stress conditions. Although GLARE is a composite material, [1] its material properties and fabrication are very similar to bulk aluminum metal sheets. It has far less in common with composite structures when it comes to design, manufacture, inspection or maintenance. GLARE parts are constructed and repaired using mostly conventional metal material techniques. With the application of such materials in aerospace, it has allowed engineers to create bigger planes which are also very economical at the same time. the use of fatigue resistant materials such as GLARE and carbon fibre also reduce maintenance of aircraft because they don’t need to be checked for cracks as often as planes which are made from aluminium and aluminium alloys. Which are plane from aluminium are more prone to what is known as â€Å"metal fatigue†. Metal fatigue happens as a result of continuous loading from the years of pressurisation cycles that a plane goes when it increases and decreases in altitude. Many aerospace companies such Rolls Royce have an in-house material science research department which spend millions of pounds in research with the hope that it will lead to better quality materials which will be able to function correctly in extreme environments such within the core of a high bypass turbo fan engine, where the temperatures can be in excess of 2000C. The materials are used for this are usually titanium alloys because of its ability to stay in its original shape. If you look closely at the picture of the turbine blade bellow , it can be observed that many small holes have been very precisely drilled in and this is to aid the cooling of the blade and stop in from melting and ultimately causing an entire engine failure. Another reason why such ultra light materials are used is because, the engineers want to minimize the mass of the components as much as possible because this reduces the inertia of the part and this will result in better response time from the engine ,wh en the pilots engine increase power to the engine. Lighter components also reduce the fuel consumption of and the engine which is especially important considering the fuel prices as they continue to rise. This is something that airlines will pay extra close attention to because they are always looking to minimize their cost to increase their profits, this is especially important at the moment give the current state of the global economy. Materials in aerospace are also select for their ability to be able to absorb tremendous amounts of energy from unlikely event of an engine failure or an uncontrolled explosion of some sort. Aerospace engine manufacture such as Rolls Royce and General Electric also take the extra step of detonating a fan blade to see whether the engines fan case absorb and contain the impact and to stop parts of the engine escaping and causing further impact to the aircraft. Manufacturers often spend as much as $30 million on this test, at there on expense to prove to potential passengers and airline customers that the engine is truly safe and air worthy.

Violence in Charlotte Brontes Jane Eyre :: Jane Eyre Essays

Violence in Jane Eyre    Charlotte Bronte uses violence in several scenes throughout the novel. The violence in the novel is not fatal to anyone, it is just used to catch the readers eye. This novel consists of many emotional aspects. For example, the violence in the scene where Mr. Mason gets attacked. The attack really upsets Jane and Mr. Rochester. In the novel Jane Eyre Charlotte Bronte uses several acts of violence to create suspense, mystery, and characterization.    This scene is probably the best one to create the suspense of the novel. It keeps a person interested in the book and wanting to know what happens next. There is no way of knowing why this happened, who does it, or if Mr. Mason is going to live or die. That is why Charlotte Bronte used violence   to create this kind of suspense. So a person would be interested enough in the novel to keep reading. The mystery is a mystery itself, there is a secret at Thornfield and Jane can sense this. Then there is the mystery of the person who committed this act of violence. Jane suspects who it might be, but she is not for sure. To find out the mystery of the house and the person who did it a person has to solve it. Finally, there is the characterization of Bertha. From the way Rochester talks about Bertha at first she seems pretty normal, but he says how she become after they get married. She turned into someone he did not know, a crazy psychopath, mad woman. Rochester wanted to hide this from e veryone even Jane, Bertha cares for no one but herself. She does not care who she hurts, she proved this when she hurt Mr.

Freedom of Expression on the Internet Essay -- Freedom of Speech

I.Introduction This paper addresses whether we should censor or block access to websites with controversial material. It looks at the issue from several sides: The relevant US laws that are in place, how censorship is used at the university and corporate levels, how other countries are attempting censorship, and finally what I feel about the topic. Given all that I have read in preparing this paper, I have come to the conclusion that without a set of globally-accepted rules, we should not be censoring the Internet except where these rules are being broken. We could perhaps get agreement for those things that are obviously illegal and unethical (child pornography), but what about other areas such as gambling (is it legal but unethical or visa versa?). There would be very few rules we could agree upon if 100% global agreement is a requirement, and I believe it is. II. America's View A. The Laws The United States government has enacted (or attempted to enact) several laws regarding freedom of speech and the internet. A short overview of these follows. 1.The First Amendment Given how short the First Amendment is, it has caused a surprising amount of controversy and an untold number of new laws and regulations. The text simply states â€Å"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.†[i] The First Amendment has been enforced at different levels depending on the type of media itself. Television and radio are both broadcast media and are under strict government regulation as to cont... ...8520&key2=7604425701&coll=portal&dl=ACM&CFID=16081397&CFTOKEN=88949163 [xxxi] Ministry of Information, Communication and the Arts, Working Together Towards a Responsible and Vibrant Society, 2003, 08 Feb 2004, http://www.mita.gov.sg/pressroom/press_030908.pdf [xxxii] Amnesty International, People's Republic of China Controls tighten as Internet activism grows, 28 January 2004, 08 Feb 2004, http://web.amnesty.org/library/Index/ENGASA170012004 [xxxiii] Julie Hilden, The First Amendment and the Internet, Why Traditional Legal Doctrines Apply Differently In Cyberspace 2002, 24 Jan 2004, http://writ.findlaw.com/hilden/20020416.html [xxxiv] Tina Inzerilla, â€Å"Re: hello there†, email to the author, Feb 2004 [xxxv] Jennifer Rast, The UN Plan to Take Over the Internet, Contender Ministries, 10 Jan 2004, 11 Feb 2004, http://www.contenderministries.org/UN/wsis.php