Financial Management Free Essays

I accept that the code of morals would be compelling in an association especially with regards to decentralization of the dynamic position. Representatives are the most significant resources of an association and so as to expand the use of these benefits organizations are concentrating on building hierarchical societies dependent on proprietorship, duty and responsibility. The administrations in organizations are concentrating on this target since it improves worker inspiration. We will compose a custom article test on Money related Management or on the other hand any comparable subject just for you Request Now As representatives are enabled to decide, they start to build up a feeling of responsibility for operational procedures and along these lines assume the liability to improve viability all alone. In this regard, hierarchical interests must be adjusted to worker interests and this arrangement is encouraged with the code of morals. The code empowers workers to take activities all alone in arrangement with hierarchical interests. This arrangement amplifies the vital focal point of the organization and in that regard the code of morals is a fundamental piece of a compelling hierarchical structure. Question 2 I was astounded by the logical inconsistency among trustworthiness and privacy. In the uprightness segment, workers are instructed to inform all gatherings concerning any expected clashes. Anyway I believe that would disregard the laws of privacy in light of the fact that specific data can't be unveiled to all the gatherings in the organization. Subsequently I figure the code ought to be changed to address this contention among uprightness and classification. If there is a penetrate in the implicit rules, at that point it ought to be dealt with carefully on a departmental premise so as to protect secrecy. In any case, as per the code, no such constraints are required.â if the contention can't be settled inside the office, at that point it ought to be taken up to the following level. Nonetheless, as per the focuses shrouded in the segment of uprightness, representatives don't need to stress over who to pick in conveying the issues of the contention. This would abuse privacy which is the one of the basic achievement factors in any association (refered to in Brigham Ehrhardt, 2007). In this manner there is a hole here which ought to be tended to in the code. Remarks I don’t feel that it ought to be amazing that there ought to be a code of morals in bookkeeping conversation. This is especially so in the current business condition in which the administration is progressively decentralizing the dynamic procedure. Accordingly, a great deal of the choices must be taken by the workers without anyone else. In a great deal of zones they don't have the advantage of oversight. It is in this regard the code of morals turns into a basic achievement factor. It directs the workers in settling on powerful choices on the off chance that they should end up in circumstances which are hard to determine. In this manner this is a basic thought for the administration. On the off chance that they are to adequately enable their workers, at that point they ought to give the fundamental structure where representatives can take choices in arrangement with the key focal point of the association. In this regard, the code of morals can control the representatives. It must be recalled that in an association there will be irreconcilable situations between various offices. In such circumstances, it is significant that there ought to be a code of morals to address the important issues immediately. Especially with regards to the scattering of bookkeeping data, the workers are every now and again uncertain of which data to convey and which not to (refered to in Higgins, 2007). In this regard, it is the obligation of the administration to build up a code of morals which will empower the businesses to settle on choices without requiring management. In this regard, the administration needs to discuss as often as possible with the representatives so as to advance the utilization of the code of morals in showing up at compelling choices. Representatives may not try to check with the rules before settling on their choices. This is the issue that the administration needs to address in making a code of morals for its association. References Brigham, Eugene F., and Michael C. Ehrhardt. (2007). Monetary Management: Theory Practice. South western school bar. Higgins, Robert C. (2007). Examination of Financial Management. McGraw-Hill/Irwin. The most effective method to refer to Financial Management, Essays Monetary Management Free Essays Monetary Management WORKBOOK The ICFAI University # 52, Nagarjuna Hills, Hyderabad †500 082  © 2005 The Icfai University Press. All rights saved. No piece of this distribution might be recreated, put away in a recovery framework, utilized in a spreadsheet, or transmitted in any structure or using any and all means †electronic, mechanical, copying or in any case †without earlier authorization recorded as a hard copy from The Icfai University Press. We will compose a custom exposition test on Budgetary Management or then again any comparable point just for you Request Now ISBN : 81-7881-969-4 Ref. No. FMWB 11200502 For any explanation in regards to this book, the understudies may please keep in touch with us giving the above reference number of this book determining part and page number. Budget reports iframe class=wp-implanted substance sandbox=allow-contents security=restricted style=position: supreme; cut: rect(1px, 1px, 1px, 1px); src=https://phdessay.com/budget reports 2/insert/#?secret=ZB0sgqMct4 information secret=ZB0sgqMct4 width=500 height=282 title=#8220;Financial Statements#8221; #8212; Free Essays - PhDessay.com frameborder=0 marginwidth=0 marginheight=0 scrolling=no/iframe While each conceivable consideration has been taken in type-setting and printing this book, we invite proposals from understudies for development in future releases. Introduction The ICFAI University has been overhauling its examination material to make it increasingly useful to the understudies for self-concentrate through the Distance Learning mode. We are charmed to distribute an exercise manual to help the understudies getting ready for the assessments. The exercise manual is partitioned into three sections. Powerful from April, 2003, the assessments for all the subjects of DBF/CFA (Level-I) comprise of just numerous decision questions. Brief Summaries of Chapters A concise outline for every one of the parts in the course book is given for simple memory of the subjects contemplated. Part I: Questions on Basic Concepts and Answers (with Explanatory Notes) Students are encouraged to experience the significant course reading cautiously and comprehend the subject completely before endeavoring Part I. In no conditions should the understudies endeavor Part I without completely getting a handle regarding the matter material gave in the reading material. Often utilized Formulae Similarly the formulae utilized in the different subjects have been given here for simple memory while working out the issues. Part II: Problems and Solutions The understudies should endeavor Part II simply after cautiously experiencing all the illuminated models in the course reading. A couple of dreary issues are accommodated the understudies to have adequate practice. Part III: Model Question Papers (with Suggested Answers) The Model Question Papers are remembered for Part III of this exercise manual. The understudies should endeavor all model inquiry papers under reproduced assessment condition. They should self score their answers by contrasting them and the model answers. Each paper comprises of Part An and Part B. Section An is planned to test the applied comprehension of the understudies. It contains 40 inquiries conveying one point each. Part B contains issues with a total weightage of 60 focuses. It would be ideal if you recollect that the ICFAI University assessments adhere to exclusive requirements that request thorough arrangement. Understudies need to plan well to satisfy these guidelines. There are no easy routes to progress. We trust that the understudies will discover this exercise manual valuable in getting ready for the ICFAI University assessments. Buckle down. Work Smart. Work Regularly. You get each opportunity to succeed. All the best. You can peruse additionally Portfolio Management Quizzesâ Substance PAPER I Brief Summaries of Chapters Part I: Questions on Basic Concepts and Answers (with Explanatory Notes) 1 10 Frequently Used Formulae 101 Part II: Problems and Solutions 108 Part III: Model Question Papers (with Suggested Answers) 333 PAPER II Brief Summaries of Chapters 467 Part I: Questions on Basic Concepts and Answers (with Explanatory Notes) 480 Frequently Used Formulae 560 Part II: Problems and Solutions 570 Part III: Model Question Papers (with Suggested Answers) 749 Detailed Curriculum Paper I Introduction to Financial Management: Objectives, Functions and Scope, Development, Interface of Financial Management with Other Functional Areas, Environment of Corporate Finance. Indian Financial System: a. Budgetary Markets: Money Market, Forex Market, Government Securities Market, Capital Market, Derivatives Market, International Capital Markets. b. Members: I. Money related Institutions: IDBI, IFCI, ICICI, IIBI, EXIM Bank, SFCs, SIDCs ii. Insurance agencies: LIC, GIC iii. Venture Institutions: UTI, Mutual Funds, Commercial Banks; Non-Banking Financial Companies; Housing Finance Companies; Foreign Institutional Investors. c. Administrative Authorities: RBI, SEBI, IRA. Time Value of Money: Introduction; Future Value of a Single Cash Flow, Multiple Flows and Annuity, Present Value of a Single Cash Flow, Multiple Flows and Annuity. Hazard and Return: Risk and Return Concepts, Risk in a Portfolio Context, Relationship among Risk and Return. Influence: Concept of Leverage, Operating Leverage, Financial Leverage, Total Leverage. Valuation of Securities: Concept of Valuation, Bond Valuation, Equity Valuation: Dividend Capitalization Approach and Ratio Approach, Valuation of Warrants and Convertibles. Fiscal report Analysis: Ratio Analysis, Time Series Anal

Writing a Paper on Fahrenheit 451

Writing a Paper on Fahrenheit 451A lot of students would like to do a paper on Fahrenheit 451 by Ray Bradbury. However, it is difficult to get into these kinds of essays because of the subject matter. This is because the paper must deal with an important fact of that book.We all know that the book has been published in some years ago and has become a classic. It has been loved by many since then. It is a very scary story about a prison that gets destroyed by an escaped convict. He wants to destroy the world, and what can he do if he becomes famous?There are many different books, from different authors, and they all have the same things in common. They also share a very serious message that is shared with a very strict life. If you have an idea of how these books are written, you will surely enjoy writing a paper on Fahrenheit 451. It can be very interesting for you, if you write one yourself. You will not only be able to express your creativity, but also to provide something to your reader.Fahrenheit 451 is a short book. But it tells the story about a public library, which reads books about stories from time to time. This library became famous after its founding, because its books would often get destroyed. There are many versions of the story, but most of them end with the police station getting destroyed by fire.This is a great theme for any kind of paper. You can even say that it is very important. A good idea is to combine it with a classroom situation. Students will be much more comfortable doing a paper on this topic if they find it related to a regular educational activity. It will make their life easier, and they will be able to focus more on what they need to write.These types of essay samples are usually used by schools, universities, and colleges. Most of them have been done by high school students, but the authors have been adults. There are many people who would like to work on a story about reading books. This idea can be interesting to a lot of p eople.You can find these essay samples in many places. Some of them are books, and others are magazines. There are other ways to find them, like the Internet. There are many online websites that allow you to find different subjects about reading books, especially the popular ones. There are even some sites that offer you free access to some of these items.Writing such a paper will be fun for you, and it will also be fun for your readers. In many cases, people have the same interests as the author of the story. When you choose to use this kind of essay sample, you will be able to communicate your creative side to your readers, and make them read it again.

Learn About the Birth Place of William Shakespeare

Find out About the Birth Place of William Shakespeare Its no mystery that William Shakespeare was from England, yet a considerable lot of his fans would be unable to name precisely where in the nation the author was conceived. With this diagram, find where and when the poet was conceived, and why his origin stays a vacation destination today. Where Was Shakespeare Born? Shakespeare was conceived in 1564â into a prosperous family in Stratford-upon-Avon in Warwickshire, England. The town is around 100 miles northwest of London. In spite of the fact that there is no record of his introduction to the world, it is assumed that heâ was conceived on April 23 since he was gone into the sanctification register of Holy Trinity Churchâ shortly after. Shakespearesâ father, John, claimed a huge family house in the town place that is believed to be the bardsâ birthplace. The general population can even now visit the very room wherein it is trusted Shakespeare was conceived. The house sits on Henley Street - the principle street that goes through the center of this little market town. It is all around saved and is available to the open by means of the guest place. Inside, you can perceive how little the living space was for the youthful Shakespeare and how the family would have lived, cooked and rested. One room would have been John Shakespeares workroom, where he would have custom-made gloves to sell. Shakespeare was required to assume control over his dads business one day himself.â Shakespeare Pilgrimage For a considerable length of time, Shakespeare’s origination has been a position of journey for the artistic disapproved. The convention began in 1769 when David Garrick, a popular Shakespearean on-screen character, sorted out the main Shakespeare celebration in Stratford-upon-Avon. From that point forward, the house has been visited by scores of celebrated essayists including: John Keats (1817)Sir Walter Scott (1821)Charles Dickens (1838)Mark Twain (1873)Thomas Hardy (1896) They utilized jewel rings to scratch their names into the glass window of the birth room. The window has since been supplanted, yet the first glass sheets are still in plain view. A huge number of individuals consistently keep on following this convention and visit Shakespeare’s origination, so the house stays one of Stratford-upon-Avon’s busiest attractions. For sure, the house denotes the beginning stage of the yearly procession strolled by neighborhood authorities, big names, and local gatherings every year as a major aspect of the Shakespeare Birthday Celebrations. This emblematic walk begins in Henley Streetâ and closes at Holy Trinity Church, his entombment place. There is no particular recorded date of his demise, however the date of the internment indicatesâ he passed on April 23. Truly, Shakespeare was conceived and kicked the bucket around the same time of the year! Members of theâ parade pin a branch of the herb rosemary to their outfits to celebrate his life. This is a reference to Ophelias line in Hamlet: Theres rosemary, that is for recognition. Saving the Birthplace as a National Memorial When the birthplace’s last private inhabitant kicked the bucket, cash was raised by board to purchase the house at closeout and protect it as a national dedication. The crusade picked up force when gossip spread that P. T. Barnum, the American bazaar proprietor needed to purchase the house and boat it to New York! The cash was raised effectively and the house is in theâ hands of the Shakespeare Birthplace Trust. The trust along these lines purchased other Shakespeare-related properties in and around Stratford-upon-Avon, including his moms ranch house, his little girls town house and his wifes family home in close by Shottery. They additionally own the land where Shakespeares last home in the town once stood. Today, the Shakespeare Birthplace House has been saved and changed over into a gallery as a feature of a bigger guest place complex. It is available to the open all year.

Interesting Forms of Sociological Imagination Essay Topics

Interesting Forms of Sociological Imagination Essay TopicsThe sociological imagination is a kind of essay you can do based on sociological fields. For example, if you are an anthropology major, then it is possible that you will want to write an essay about anthropology. But if you are a criminology major, then you might want to write about crime. Whatever the case, you are still going to need to learn about the different kinds of fields of study so that you can know what kind of fields you should write in the essay.The first and probably the most widely practiced form of analysis are socio-cultural analysis. This form of essay is used to gain an understanding of certain cultural groups, sub-cultures, or specific social groups. Typically, the main function of a sociological imagination essay is to analyze various social groups in certain geographic areas and identify a main function in the same area.If you would like to focus on the concept of human nature, then the most popular form of sociological imagination is sociology. This essay has the most fields of study. Sociology has a lot of focus on the human psychology and social structures of the social group. And not only the social group but other groups as well can be analyzed in the same manner.You will learn about the sociological view of the world and society as a whole and thus, you can learn about how groups fit into society and how that groups function. A sociology essay may also deal with the ways that humans act upon the actions of others in order to affect the reactions and understanding of others.Other than this, you can also do a sociology essay that analyzes the structure of a society or countries. There is a study about society, particularly culture and the social groups that are connected. In this essay, you are going to find that the way different social groups have been forced to change their ways of thinking about one another and how they have been influenced by society. This will help you gai n an understanding of the social group and why it behaves the way it does.A more complex form of sociology is the one that deals with the evolution of social groups. This is done through an essay that looks at the kind of social group that has been through various changes in the past. And the ways that it deals with these changes in itself.As you can see, there are many forms of sociology that you can do. And most of them are quite interesting. And you can also have a great deal of insight into the workings of society. But before you do the reading, it is best to first understand the things that sociology is all about so that you can easily know what types of things you are to do in the essay.

art essay - 1448 Words

Art Essay- The context, of which art is created, clearly reflects its history and where it is from. Society’s values are further highlighted by the piece and give us insight into what life was like. This is interestingly interpreted by Juan Bautista de Espinosa’s exuberant baroque style painting, with a heavily catholic influence from Spain in the late 1500’s, as well as Margaret Olley’s contrasting and simplistic sensibility of the mid 20th century. Each artist’s aesthetic, although significantly different; equally allow us to understand a certain time and place Juan Bautista de Espinosa was born in 1590c. into a heavily Catholic family and country. Originally a gilder of altarpieces, Espinosa mastered the technique of still-life in†¦show more content†¦The Spanish Empire, in an effort to increase its size and spread Catholicism, carried out many conquests overseas. In Bautista’s work â€Å"Still-Life with Grapes, Flowers, and Shells, 1628† reflects the â€Å"new delights† that the â€Å"new world† had to offer†. The arrangement of shells and exotic birds and flowers, is a combination of old and new: with a traditional style of painting depicting exciting and unexplored goods. This could possibly be a metaphor for the rather old and powerful Spanish empire, exploring into the unknown. The subtle uses of bright bold colours of peach and chartreuse, as well as warm earth tones are a clear reflection of the South American tropics, along with their exotic flora and fauna, and humid climate. It also crea tes moods of excitement in anticipation of what else there is to explore. The lusciousness of the brush strokes and use of highlights give the painting a new life, in the both things harsh like the foliage of the plants and soft like plumage of the birds. The sombre background and traditional table ground the contrasting arrangement and forms the basic structure of the piece. It also competes with the display, just like Spain and its conquest against other nations. Margaret Olley is possibly one of Australia’s most famous still life painters. Born in 1923, Olley enjoyed art from an early age and even died with paint still on her fingers. She was trained at the EastShow MoreRelatedEssay on The Art of Writing1027 Words   |  5 PagesWriting is like art- it helps us to express ourselves. However, writing differs from art in that it has to follow specific parameters, such as structure, syntax, grammar, and so on. At the beginning of the quarter, I had preconceived ideas as to what good writing was, and how I should go about it. While working on my first assignment, I discovered that to be reasonably successful at this I had to leave behind my perceptions of writing as it is accepted in my country and to start from scratch. ThroughoutRead MoreEssay on Women In Art473 Words   |  2 Pageslooked at as objects. In the 1500’s during the time of the Renaissance woman were often portrayed in art in the nude. Curves at that time showed w omen as being goddess like. The more curvy and voluptuous you were the more beautiful men saw you. Artists who painted the female body were often commissioned by rich men to paint these paintings to hang in their houses. Women in this age are still portrayed in art in the nude. Mostly in nude magazines. Some people would consider these magazines to be vulgarRead MoreEssay on Chicano Art3962 Words   |  16 Pages Chicano Art Chicano Art and Indigenismo Artworks have played an indelible work to the lives of humanity. The creative nature in Artists is a complex matter to define. The uncertainties in the intrinsic nature in art lay difficult aspects that can only be answered by values, themes and skills depicted in an artist artwork. Apart from playing the intricate psychological effect on humans, the artworks have been used as a tool of expression that has been revered and uniquely preserved for futureRead MoreWhen Is Art Not Really Art? Essay940 Words   |  4 Pages When Is Art Not Really Art? Art is everywhere. Tomb paintings in Egypt, the Sistine chapel in Italy, photography, cave paintings, tattoos, the Greeks, comics, African tribal art, nail designs, the Mayans, hairstyles, graffiti. The list never ends. It is everywhere on Earth during all time periods. There is every style of art imaginable and more. But when is art not art? This is a question that has been asked for years with no real answer coming to light. The most commonly accepted theory is thatRead MoreEssay on Art Criticism and Art History2671 Words   |  11 PagesArt criticism and Art History Case Study: The use of assemblage and the found object in historical and contemporary art practice. The origins of the practice of assemblage can be traced back to its early twentieth century roots based on ideas presented by Dadaists. The Dada movement was a literary and artistic movement during the First World War and further developed as a non-art movement. The main idea of Dada was to not follow a uniform rule of what an artwork entails in order to be valuedRead More Art History Essay2654 Words   |  11 Pages ART __-history, __-theory, __-world (Accounting for modern art with Dickie, Danto, and Weitz) nbsp;nbsp;nbsp;nbsp;nbsp;Up until the twentieth century art theorists had consistently sought for a definition of art—a definition that would determine a set of necessary and sufficient conditions for something to be called art. But artists in the 20th century did not want to be defined, and they deliberately tried to create artworks that would not fit under some theorist’s umbrella. We saw the BeatniksRead MoreArt Fakes and Forgeries Essay1266 Words   |  6 Pages1000 13 September 2010 Fakes and Forgeries Lessing v. Dutton The two essays, â€Å"What is Wrong with a Forgery,† by Alfred Lessing and â€Å"Artistic Crimes,† by Denis Dutton, explore the different reasons that they give negative connotation to the concept of an artistic forgery. Each author concludes that a forgery is indeed wrongful, however their reasons for this conclusion differ in several distinct ways. This essay will summarize both authors’ main points and compare and contrast the fundamentalRead MoreEssay on What is Art?4193 Words   |  17 Pages Intro In late Antiquity the arts consisted of the seven artes liberales, the liberal arts: Grammar, Logic, Rhetoric, Geometry, Arithmetic, Astronomy, and Music. Philosophy was the mother of them all. On a lower level stood the technical arts like architecture, agriculture, painting, sculpture and other crafts. quot;Artquot; as we concieve of it today was a mere craft. Art in the Middle Ages was quot;the ape of naturequot;. And what is art today? Can we give a definition? Sir Roger PenroseRead MoreEssay on The Art of Benin1045 Words   |  5 PagesWestern attitudes to African people and culture have always affected how their art was appreciated and this has also coloured the response to the art from Benin. Over time concepts of ‘Race’, defined as a distinct group with a common linage, and ‘Primitive’ which pertains to the beginning or origin, , have been inextricably linked with the perception of Africa. The confusion of the two in the minds of people at the end of the 19th centaury, and some of the 20th, caused a sense of superiorityRead More Public Art Essay856 Words   |  4 PagesPublic Art â€Å"Any drawn line that speaks about identity, dignity, and unity is art,† (Chaz Bojorquey) is a statement that I agree with. Art is perceived differently from all people based on their culture, religion, personal taste, and many other factors. I believe that as long as what has been created is meaningful to either the creator or even to somebody that is viewing it, it should be considered art. Art in the public is a very controversial subject that brings up the important question of

Questions On Allocating Overhead Costs - 1701 Words

Question 1 Allocating overhead costs is one of the important tasks and is necessary to be done by management accountant. One key reason is that in term of pricing strategies, many firms decide their products’ selling price based on their cost. And the selling price has to cover all the costs and profit. According to Vivian Guo (2012), Cost-plus pricing is the simplest and oldest method of determining price and provide the basis for doing business. For calculating this price we need add together the direct labour cost, direct material cost, selling and administrative costs, and overhead costs for a product. Then we need to add to it a markup percentage (AccountingTools, 2016). The pricing formula is: Total production costs + Selling and administration costs + Markup Number of units expected to sell Therefore, there is no doubt that it is significant to allocate overhead cost accurately for every production. If the overhead is calculated incorrectly, the selling price of the product will change. The company will not cover the cost and make a loss. Some firms in service industries like repair shops and printing shops prefer to use the time and material pricing to decide the price of products. Under this approach, they need to pay attention to the time and material two parts and determine two pricing rates. The rate is decided by the interaction of demand and supply and by competitive industry environment (Seal, W. andShow MoreRelatedThe General Overhead And Construction Projects Essay1510 Words   |  7 PagesIn the past, the general overhead in construction projects was not important compared to project costs. However, with the new construction environment and its changes such as the high usage of lean, BIM, and LEED, everything has changed. Nowadays, most of the construction contractors are measuring their general overhead costs and trying to control it. To gain profits, they started to allocate their general overhead costs to different construction projects they are working on. In this paper, we investigateRead MoreWeek 5 Practice Text Exercises Acc 5611259 Words   |  6 PagesByrd ACC 561 June 21, 2011 Michael T. Bradford Practice Text Exercises Excel 12-59 Allocating Costs Using Direct and Step-Down Methods (p. 584) Goal: Create an Excel spreadsheet to allocate costs using the direct method and the stepdown method. Use the results to answer questions about your findings. Scenario: Antonio Cleaning has asked you to help them determine the best method for allocating costs from their service departments to their producing departments. Additional background informationRead MoreFabricator Inc Allocation Of Overheads1006 Words   |  5 PagesAllocation of Overheads Mark Graves 28 May 2015 William Whitley â€Æ' Engineer concern The engineer of company is concerned about the recovery of overheads. 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The first step is to estimate the amount of the activity base that will be required to support operations in the upcoming period. The second step is to estimate the total manufacturing cost at that level of activity. TheRead MoreDestin Brass Case Essay example1360 Words   |  6 Pagesand  by  comparing  activity  based  costing  with  the  cost  systems  they  already  using,   looking  for  a  way  in  which  they  can  be  more  competitive  on  the  market.  Ã‚          ­Cover  page    ­Table  of  Content   1.  Use  the  Overhead  Cost  Activity  Analysis  in  Exhibit  5  and  other  data  on  manufacturing   costs  to  estimate  product  costs  for  valves,  pumps,  and  flow  controllers   Q.  1   When  Activity  Based  Costing  (Weetman,  2010,  p.  85)  is  used  to  calculate  the  monthly  cost  per   unit,  two  types  of  costs  are  distinguished.  Firstly  the  direct  costs,  consisting  of  the  direct  Read MoreActivity Based Costing ( Abc )1124 Words   |  5 Pagesassigns a cost. The cost reflects the actual resource consumption by each activity that has been identified. Under a traditional system, overhead cost is allocated to an activity based on hours or rates for direct labor or machine usage. However, this approach does not clearly indicate how much overhead cost will be needed in order to complete a job through a particular function. ABC methodology is to be used as an alternative to traditional accounting where a business s overhead costs (indirectRead MoreDestin Brass Products Co.3014 Words   |  13 Pagesdealing with competition within some of the product markets they produce. Ronald Guidry had two basic questions they wanted answered dealing with this case: 1. Why was it so difficult for the company to stay competitive in the pump market? 2. Why has the company not seen any competition in the flow controller market even with a recent raise in their price to consumers? These questions aroused from Guidry when he realized that the company wasn’t making the standard 35% gross profitRead MoreActivity Based Costing - Essay 21483 Words   |  6 PagesAssigning Overhead Costs – Overhead costs are not directly related to production volume, and therefore cannot be traced to units of product in the same way as direct materials and direct labor. Consequently, we must assign overhead costs using an allocation system. There are three methods of overhead allocation 1. The single plant wide overhead rate method (as discussed in Chapter 2) Single overhead rate = Total budgeted overhead for the plant / Total budgeted base With base being

Great Gatsby Theme and character anlysis of Tom a Essay Example For Students

Great Gatsby: Theme and character anlysis of Tom a Essay nd DaisyGreatGatsby: Theme and character anlysis of Tom and DaisyGreed, Corruption, the Search of OnesSelf and the 1920sThe characters search of their own identitiesand the struggle that ensues is the most suffusive theme throughout TheGreat Gatsby . The fact that we never really know the characters, and thecorrupt immoral things they do, directly represent the 20s high societylifestyle. The characters continued to cheat on their spouses, let moneybecome their obsession, and debated the American dream for the hopes ofone day obtaining happiness. But the fact remains that they have no truemorals or ideals of themselves as individuals. These are a group of peoplewho no matter how cocky and self- confident they seem have absolutelyno idea of what they are doing (as many men and women of the 20s do not). Tom and Daisy are two examples. Daisy is a hospitable character who hada love for parties and tended to lose herself in them and the drinking. Daisy once said, Whatll we do with ourselves this afternoon, and theday after that, and the next thirty years? This quote not only means shelives for one day at a time never thinking of the future, but that shetruly has no idea of what to do with herself. She is like loose changefloating around wandering from party to party, man to man, friend to friend,in a big house in East Egg with no sense of purpose. She once attemptedto plan something when she first reunited with Nick. She said, Whatllwe plan? What do people plan? meaning she has never had to make decisionsnor has she had much responsibility. Not only does she have no purpose,she has no morals. She literally killed a woman and went home to eat coldchicken. What more, her lover was killed and she left on a trip missinghis funeral. Show me a woman who has no morals or goals and Ill show youa woman who is searching for her own identity. Tom Buchanan is a small man hiding in abig house with an equally large ego. In fact, he once remarked that womenrun around too much and meet the wrong kind of people. This statement isboth arrogant and ironic because he runs around with the wrong people,and women run around with him- he being the wrong people. Also, when statingthis he was most likely referring to his wife, and subtly putting her downfor her relationship with Gatsby in a most conceited way. Tom is not acaring or sympathetic man. He did not attend his mistresss- Myrtles-funeral. Tom cared a great deal about his image. Enough to uncover thehistory and truth about his wifes lover, and openly embarass him for it. Tom is so desperately an empty man that he believes he can define himselfwith exterior belongings. He is trying to find his identity by lookingfor happiness in nice cars (his is a ridiculous yellow luxury vehicle),money and a good woman- be it he has to cheat on his wife to do so. Butwhat about if the money runs out? What happens if his wife finds anotherlover also? or one of his women kills the other? One day he will look himselfin the mirror and not like what he sees, and only then can he finally forgetabout the image and just be. To best describe Daisys, Toms, and the1920s high societys relentless quest for money and aimlessness existenceis Daisy and Toms own relationship. They were once young lovers with ahold on the world like their hold on eachother but that too tarnished likea gilded cup and saucer. Tom once carried Daisy down from the punch owlso her feet wouldnt get wet. But the weight of time has pulled at theirlove until Tom was seen as a racist man reading The Rise of Colored Empireswho depends on a mistress to fulfill his need of lust and to be apart fromhome life, leaving Daisy ignorant and smiling. She hoped her daughter wouldbe a fool of a girl so nothing would hurt her, a lesson she learned fromliving with Tom. While their marriage seems to be falling apart Daisy findsa man from her past- Gatsby-who has a heated desperation for her love-enough so to acquire a huge home and beautiful shirts, and throw

Things Fall Apart By Chinua Achebe Essays - Religion, Literature

Things Fall Apart by Chinua Achebe Chinua Achebe wrote the novel, Things Fall Apart, which is a great piece of African literature that deals with the Ibo culture, society, and history. One place where the Ibo religion is practiced is in the village of Umuofia in Africa, where the story takes place. On the other hand, Christianity is a very common religion that is practiced all over the world. Although Christianity and Ibo are both types of religions, they have many differences. One way the religions are different is the Ibo practice polytheism and Christians practice monotheism. A second difference is the Ibo believe in animate Gods unlike Christians who believe in an inanimate God. Another contrast is the Ibo practice polygamy unlike the Christians who practice monogamy. A final contrast is the afterlives of the two religions. First of all, the Ibo practice polytheism and Christians practice monotheism. Polytheism is the belief in more than one God, and monotheism is the belief in one God. Christians believe in one supreme creator of the heavens and the earth, who is called God. In contrast, the Ibo have various gods who they worship. The conversation between Mr. Brown, a Christian missionary in the village of Umuofia, and Akunna, a member of Umuofia, explains the Ibo religion very well. Akunna said that the Ibo believe in one supreme God also, but they call him Chukwu because he made all the world and the other gods. Mr. Brown made the comment that the Ibo worship carved wood and Akunna replied by saying,The tree from which it came was made by Chukwu, as indeed all the minor gods were. Akunna also said that the Ibo make sacrifices to the little gods, but when they fail and there is no one else to turn to they go to Chukwu. (179-180). Another god, besides carved wood, that the Ibo worship is the Oracle of the Hills and the Caves. The Ibo believe they must do whatever the Oracle of the Hills and Caves says or they will be punished. An example of this is when the Oracle of the Hills and Caves pronounces that Ikemefuna, the boy living with Okonkwo, be killed. Since the Oracle of the Hills and Caves had said it must be done, the men of Umuofia took the boy outside the village and killed him. (57). Another god the Ibo worship is the snake, which is called the sacred python. When the Christian missionaries came to the village, the son of the snake-priest was said to have killed and eaten the sacred python. (185). Enoch, the son of the snake-priest, ate the sacred python when he converted to Christianity. In addition, the Ibo believe each person has a chi, which is a personal god. When Okonkwo is exiled to his mothers homeland, he thought that his chi was not made for great things. The belief was that a man could not ris e beyond the destiny of his chi. (131). A second difference in Ibo and Christianity is the belief in animate gods and an inanimate God. Christians have an inanimate God, which means that He cannot be seen. Christians also believe that God is eternal. Unlike Christianity, the Ibo believe in animate gods, which are alive and can be seen. An example of the Ibo believing in animate gods is they worship carved wood, the Oracle of the Hills and Caves, and the sacred python. Another contrast of the two religions is the practice of polygamy compared to monogamy. Monogamy is what Christians practice and it is being married to one wife at a time. Christians believe that when a man and a women become united in Christ they become one, and a man can only have one wife at a time. In contrast, the Ibo practice polygamy, which is having many wives at a time. In Umuofia, the more wives a man has, the better. Okonkwo, the main character in the book, has three wives. (13) It is a common practice in Umuofia for all the men to have more than one wife. Each wife and her children live in a different hut and the man lives by himself in his obi. A final difference in Ibo and

Character Analysis of Gregor in “The Metamorphosis” by Kafka Essay Example

Character Analysis of Gregor in â€Å"The Metamorphosis† by Kafka Essay Example Character Analysis of Gregor in â€Å"The Metamorphosis† by Kafka Paper Character Analysis of Gregor in â€Å"The Metamorphosis† by Kafka Paper Essay Topic: The Metamorphosis In the Metamorphosis, Kafta (2003) talks about the transformation of Gregory from a human being to a cockroach. Though this may appear ridiculous, and exaggerated, it gradually become real as the actions unfold and emotions become more charged. The author’s aim is to explore and expose the insolvency of human psychology in light of how the changes in a person’s conditions and circumstances reshape the aspects of mercy and justice. This paper explores this theme in the character of Gregor in Metamorphosis. From the beginning of Metamorphosis, Gregory is depicted as a normal human being. Just like many other people, Gregor is a man who does not like his job, but has to do it as a way of fending for his family. In other words, if he does not do this job, then his family will have to go hungry. Gradually, Gregory begins to develop an inclination towards his work as a travelling salesperson. This was not only because of the family, and paying other bills, but also because of the added responsibilities of taking her sister to a conservatory. Though we may not fully understand Gregory’s metamorphosis at this stage, we nonetheless get to know the compassionate and thoughtful nature of Gregory. As the story unfolds in the Metamorphosis, we get to understand that despite all the endeavors Gregory is doing for the sake of his family, they are not as considerate and kind to him. Rather, it is explicitly seen that his family members do not have mercy and justice when they realize the predicament that had befallen him. When one day, Gregory wakes up and finds that he has been transformed into a cockroach, he becomes incredulous and shocked, the same way as any person could be. Interestingly, he comes to accept this nature as there is nothing else he could do to reverse this. Although he becomes an outcast from his family and the society due to his new status, he could not do anything to regain back is human nature. This mandates Gregory to accept his new status and change his attitude towards achieving the new nature. Although he succeeds in accepting himself, his family members fail to neither understand nor accept what had transpired on Gregory. In essence, the metamorphosis of Gregory from a human being to an insect can be translated to mean his own judgment on the failure of succeeding in life. This is because as a man, he did not like doing work, but was not forced to work because of his family obligations. A closer analysis of this story points that the judgment of Gregory’s family was even more distorting and severe while trying to accept his newly acquired status. The family cannot accept his status and treat him badly because of his external appearances. The reaction of the family members can be described as irrational since they fail to show justice for a person who once worked hard for them. In addition, the family shows neither Gregory mercy nor empathy on his changed condition. The family reaches a point where they fail to relate the new nature of Gregory with the one they once knew. While in literal sense, Gregory is the one who is supposed to be dehumanized, the dehumanization of his parents and sister, Grete, both psychological and physical, appear to be more severe and profound. Reference Kafka, F (2003). The Metamorphosis. New York: Crown.

Case Study- Wicked Assignment Example | Topics and Well Written Essays - 750 words

Case Study- Wicked - Assignment Example ike the stage manager, the assistant stage manager is an equipped personnel who possess skills such as organization and coordination skills fundamental for the effective communications between various team members. For example the coordination of the backstage member and the stage director is the responsibility of the stage manager or the secondary stage manager. Show producers, such as Marc Platt, have the responsibility of ensuring that all the members are aware of what they are doing. In the case of difficulties, or changes, or improvements needed, (s)he highlights all of them these may regard any changes during the process of presentation or rehearsing, time changes among others. The cast, those who take the role in the performances, are also an essential element of the wicked. There is also the promotions manager who deals with the organization of the sales of the tickets. He also advertises the events, contacts the local media and explains the reasons for the shows being throug h such channels as radio promos. The backstage manager ensures that everything goes as per by the plan. Another important element of the wicked musical is the theatre technical crew. They are a team that is responsible for the smooth running of the production. They intervene in such areas as the audio engineering, lighting operations technicians. This team works hand in hand with the stage manager who usually signals them to carry out an operation when need be. There is also an important member of the team who takes care of the prompt book. The prompt book is the guide entailing the communicative cues, technical notes, blocking, and information fundamentally important to the success of the presentation. Props are also part of the musical which enhances the projection of the themes and create an environment of the prevailing or intended mood. Organizers pack. It is the committee responsible for the organizing of the event and personnel from the preshow to the post show. There is also

Creative use of English Essay Example | Topics and Well Written Essays - 2750 words

Creative use of English - Essay Example The use of language in Rebecca can be best understood when approached phenomologically as they reflect the perception of the perceiver and seemingly constitutes a prototype that is culturally defined and generated infinitely everytime there is an attempt at understanding it through the process of cognition. Thus cognition and language play are essential categories that wrestle dialogically until a decision in sentence production is taken everytime to fix or anchor authorial intent. But it does not rest there, as cognition is also an attempt to translate all linguistic and communicative possibilities for each level of word play or use at the lexical stage and at the level of poetic metaphor and metonymy at the semantic level. "It is clearly understood that one of the qualities that all languages have in common is their "creative" aspect. Thus an essential property of language is that it provides the means for expressing indefinitely many thoughts and for reacting appropriately in an indefinite range of situations" (Chomsky, 1965) Chomsky unlike Humboldt argues for the necessity of a universal grammar, which must accompany a generative grammar that "assigns to each of an infinite range of sentences a structural description indicating how this sentence is understood by the ideal speaker hearer" and is also "perfectly explicit" (Chomsky, 1965). Humboldt talks about the truly creative aspect of man's cognitive faculty and how man resolves particular creative challenges given to them since language cease to be just syntagmatic and paradigmatic modes of representations and enter the reader's "horizon of expectations" (Jauss, 1982) and self-conscious-ness as Hegel situates it. Thus the cognitive "potentialities" (Jauss, 1982) as per the Reader-response theory are derived out of cumulative responses of readers and hence is rests outside the individual mental struggle with understanding and is thus more result oriented. But cognitive approach concerns itself more with the working understanding of the mind as it tries to derive and synthesize meanings out of language that are creatively distorted beyond their functional and immediate lexical meanings and also not quite semantically or culturally relevant but intertwined with the progress and context or mood of the narrative itself. Thus in Rebecca, word play, unlike say as used in Finnegans Wake by Joyce is less a universalization of the protean qualities of dream. Both the novels use creativity through language to represent the conventions and the workings of the sleeping mind that are communicative but in a many possible ways. Cognition thus comes when language is embedded in a larger social or narrative context and faces danger in a new usage that challenges it to redefine language use and deconstruct all grammatical pragmatism. Thus new semantic domains can be best analyzed through deep introspection and understanding of reader's role in interpreting metaphors while deciphering language. Metaphors are thus the dominant demarcators of new language constructions that lack any objective ready meaning and rests mainly on conceptualization, categorization, grammaticalization and the use of language for communication of meaning. It lacks any older positivist paradigms of linguistics and archetypal expressions. Rebecca uses an archetypal imagery of dream sequence to indulge into creative language play so as to

Student Success Courses Essay Example for Free

Student Success Courses Essay College failure has been more common than not in recent years, many students just go off to school unprepared and unaware of what to even expect. Often in High School the teacher say they are preparing you for college, but in many cases it is nowhere near what college is really like. In High School you were forced to attend, your teacher held your hand along the way and you were required to take classes you may have not wanted to take or interested in. In the article, â€Å"Do Student Success Courses Actually Help Community College Students Succeed?† written by authors from the community college research center (CCRC), they explain that studies have shown college success classes to highly improve the success rates of college students. Many community colleges offer success courses, and some even require them. These courses help prepare students what to expect in the near upcoming years. They teach students about different resources around campus to utilize for success, studying habits, time management, how to set clear goals and even how to navigate the many different websites and online class programs. This article describes that these courses have been very affective, which is proved by lots of research. Some research was done in Schools of Florida, where students taking â€Å"student life skills† or â€Å"SLS† were more likely to earn a community college credential, transfer to a state university, or remain in college after five years. The study shows that students not taking the SLS course were usually rated with higher failure rates. Many college success courses have specialized textbooks for their school, like we do here at TCC for example and they help the students specifically here at TCC and helping us be successful. The books can teach you about resources on campus, support groups, and how to succeed at your college. This article concludes that many students come to community colleges with very limited understanding of the opportunities and demands of college life and lack the skills and orientation needed to thrive in college. Student Success coursed more often than not contribute to positive outcomes by helping students early in college by developing goals, becoming aware of resources, and have an overall clear idea of what it takes to succeed in college. Works Cited Zeidenberg, Mark; Jenkins, Davis; Calcagno, Juan Carlos. â€Å"Do Student Success Courses Actually Help Community Colleges Succeed?† Community College Research Center: CCRC BRIEF. (June 2007): Volume 36. Web. 10 October 2013.

Proposal College for Free :: Education School University Tuition Essays Papers

Proposal College for Free Dear Governor Bush: The demands of the workplace today are leaning toward a more educated employee. Many businesses are looking for degree holding, college graduates. Making it a must for today's youth to attend college to be in the running for a decent job. But to many students today, college is out of the question, solely due to the high tuition costs. Many high school graduates are forced to directly start a full-time job, because the money isn't there for college. The 1999 National Survey of Americas Families found that Florida is well below the national average on many economic levels. The Survey found that Florida has a large amount of children in families that experience worries about or difficulties affording food, children with no health insurance, nonelderly adults with no health insurance, and children with no usual source of health care. According to the Urban Institute, the median income for a family with children is $33,250, with 25.9% of Florida?s population having an economic level below poverty. The Chronicle of Higher Education estimated the average cost for a four-year public college tuition at $3,510 for an academic year. This does not include books, room and board, and transportation. Books and supplies estimated cost is $704, and room and board costs $4,960 for residents and $2,444 for commuters. In total, The Chronicle estimated the costs of an academic year at $11, 338 for a resident on campus, for a commuter the estimate is $9,229. If Florida families cannot afford health care let alone food, how can they afford to attend college? My proposal is to abolish the costs of tuition and books. A college education is essential in today?s society to obtain a well-paying job. For many families living in Florida, sending a child to college is virtually impossible. This leaves the child at a dead end, forcing him or her to work-full time with only a high school diploma at hand. The costs of college should be paid for by the government; in turn getting the money from taxpayers. I think taxes should be slightly raised in order for everyone to get a fair chance at an education. I don?t think many citizens of Florida would have much of a problem with their child getting a college education for free. Proposal College for Free :: Education School University Tuition Essays Papers Proposal College for Free Dear Governor Bush: The demands of the workplace today are leaning toward a more educated employee. Many businesses are looking for degree holding, college graduates. Making it a must for today's youth to attend college to be in the running for a decent job. But to many students today, college is out of the question, solely due to the high tuition costs. Many high school graduates are forced to directly start a full-time job, because the money isn't there for college. The 1999 National Survey of Americas Families found that Florida is well below the national average on many economic levels. The Survey found that Florida has a large amount of children in families that experience worries about or difficulties affording food, children with no health insurance, nonelderly adults with no health insurance, and children with no usual source of health care. According to the Urban Institute, the median income for a family with children is $33,250, with 25.9% of Florida?s population having an economic level below poverty. The Chronicle of Higher Education estimated the average cost for a four-year public college tuition at $3,510 for an academic year. This does not include books, room and board, and transportation. Books and supplies estimated cost is $704, and room and board costs $4,960 for residents and $2,444 for commuters. In total, The Chronicle estimated the costs of an academic year at $11, 338 for a resident on campus, for a commuter the estimate is $9,229. If Florida families cannot afford health care let alone food, how can they afford to attend college? My proposal is to abolish the costs of tuition and books. A college education is essential in today?s society to obtain a well-paying job. For many families living in Florida, sending a child to college is virtually impossible. This leaves the child at a dead end, forcing him or her to work-full time with only a high school diploma at hand. The costs of college should be paid for by the government; in turn getting the money from taxpayers. I think taxes should be slightly raised in order for everyone to get a fair chance at an education. I don?t think many citizens of Florida would have much of a problem with their child getting a college education for free.

Economic Implications on Social Media Essay

The developments in the information technology sector have led to facilitation in information sharing across the globe in what has been referred to as social media. The internet has brought many changes in the way individuals across the world interact. Through the use of social media, individuals are able to exchange photographs, videos, post their thoughts on blogs and take part in discussions that takes lace online. Social media allows the people, organizations, companies and governments to be able to reach large numbers of people with a lot of ease. This paper shall give an overview of how the social media has impacted on the economic domain of development in the society by analyzing both the positive and the negative impacts. Social Media: Social media refers to the various internet based and mobile services which allows the user to take part in online exchanges, contributing user-created content and being able to join the online community. It also refers to the tools and technologies that enable an online interaction, networking, sharing and collaboration. There are various services internet services that are usually associated with social media which includes blogs, wikis, social bookmarking, social network sites, status updates services, virtual word content and media sharing site (Dewing, 2010). Blogs is a short form of ‘web log’ which can be described as an online journal in which pages are put on view in an overturned chronological order. The blogs can be hosted for free on various websites including WordPress and Blogger among others. Wikis on the other hand refers to collective websites in which anyone participating can modify the pages or create their new pages using a Web browser. A good example of a wiki is the Wikipedia which is a free online encyclopedia that utilizes the wiki technology. Social bookmarking sites are those sites which allow the users to share and organize links to websites for instance the Delicious, Digg, and Reddit. Social network sites are the web-based services which enables the individuals to build a public or semi-public profile in a delimited system. The individuals are also able to articulate a list of other users whom they share connection thus being able to navigate through and view their list of connections and those of others in the system. Such sites include Facebook, MySpace, and Windows Live Spaces amongst others (Dewing, 2010). Status-update services are also referred to as micro-blogging services are more like social network sites but they allow individuals to share short updates and also be able to view updates from others. A good example is the twitter services. Virtual world content on the other hand offers a game-like virtual environment for the users to interact. A good example of this would be the imaginary world that is created in Second Life whereby users can create avatars to interact with each other. Avatars are the virtual representations of the users. Media–sharing sites are those which enable the users to post videos or photographs for instance the You Tube and Flickr. It must be noted that some of these categories do overlap for instance twitter can be regarded as both a social network site as well as a stats update service (Dewing, 2010). Social media is capable of affecting the manner in which individuals interact online. Social media is known to open up new ways for cooperation and dialogue in today’s world. Most of the content posted in social media may remain there permanently at least by default. The content may also be accessible, replicable, and searchable. Social media can therefore be used anywhere, and at any moment provided that there is internet connectivity in the area. Such factors are responsible for shaping of the dynamics of the social media. The fact that the players in the social media are usually invisible raises various questions regarding the framework, correctness and unambiguousness regarding the communication. The identity and motives of those who post contents in the social media are not always clear (Dewing, 2010). Evolution of Social Media: The internet became popular in the last two decades and web sites which allowed individuals to create and upload content started appearing with the first network site said to have appeared in 1997 for the first time. The first social network site to be launched was called ‘SixDegrees. com’ and it was followed soon by many others at the turn of the millennium. In 2002, there was an upsurge in the number of social network sites with some surging to popularity only to fade in a little while such as the Friendstar. However, others were able to develop niche communities for instance MySpace appealed to adolescent music enthusiasts (Dewing, 2010). Towards the end of the first decade of the second millennium, social media was widely accepted, for instance; by the year 2009, Facebook made the announcement that its users were well over 350 million worldwide (Dewing, 2010). There are a number of factors that have led to a surge in the social media participation which include technological factors, social factors and economic factors. Technological factors include things such as readily available broadband, improvement in software tools, and the development of more powerful computer and mobile services. Social factors on the other hand include the rapid uptake of social media by the young generation while the economic factors include the growth in commercial interests in the social media sites and affordability of computers and related software (Dewing, 2010). Impacts of Social Media: Since the widespread usage of social media is a recent phenomenon, social and economic implications can only be barely understood. Some quarters hold the belief that social media is causing isolation amongst the people whereas others believe that social media has broaden democratic participation. According to a research conducted by statistics Canada; We should expect neither a dysfunctional society of loners nor a blissful society of happy net-workers. Rather, we are facing a society that is differently cohesive from the one we have known. There do not appear to be any significant differences in the number of social ties or in the amount of social interaction between Internet users and non-users. Instead, the Internet is providing ways of fostering participation with community members and enhancing relationships, including through social media (Dewing, 2010, para 10). Social media has also had economic impacts in regard to the manner in which what is contained in the social media is created and consumed. This can be summed up to the growth in the information and communication sector of the economy. In most economies, growth in this sector of the economy has been tremendous even surpassing the overall economic growth. Many business firms and organizations have also incorporated social media in their marketing strategies (Dewing, 2010). Socio-economic Impacts: The socioeconomic theory appears to be spearheading the deflationary cycle more than the financial or the political economics. Previously, the Keynesian and libertarian theories were believed to be the key players in the deflationary cycle. According to the socio-economic theories, it is claimed that in order for us to get out of the deflationary cycle, there is need to view it as both a sociological and fiscal problem. The solution is therefore to be found in the ground-breaking technology which promises huge profits to be used in investment so as to commence the next boom cycle, and snap the society out of the predicament created by the economic downturn. Social media could play a role in mitigating the damages that arise from the deflationary cycle. It could also be instrumental in the construction of the next opportunities for technological innovations (Fischer, 2009). Understanding the objective economic potential is very crucial and dependant on the revolution of the social media. Social media is known to utilize technology in enhancing the people’s ability to interact with others. Social media is to be found in interaction, connection, trust and relations that are driven by technology. In regard to business, this implies establishment of trust and channels of communication which supports and enables collaboration and building of engaged teams through the removal of barriers and frustrations that were created by conventional structures. Social media particularly in regard to collaboration has the potential to unlock the hidden knowledge in organizations when required. It also lowers the cost of software via open source cooperation, easing the finding of appropriate information, and making organizations to be more responsive. These are however cultural changes that occurs gradually. Nevertheless, the promise for change is there even though it might take much longer time. However, the technological investment that is required to bring about these changes is quite cheaply available (Fischer, 2009). With social media, change is bound to happen. Social media has the prospects of creating more effective organizations via the collaboration, â€Å"providing a greater variety of information services at low cost through mashups and open source, and a lower cost to product and service messaging, when the product and service has great appeal†(Fischer, 2009, para 7). Similarly, social media has detrimental impacts on the established industries. The conventional advertising media has become decreasingly effective due to the increasing numbers of the individuals who are networked and therefore attentive to one another. It is imperative to observe that; Friend of a friend referrals, rating sites or consumer oriented websites will become the norm and rely on their objectivity to maintain trust with their followers, therefore are not as subject to trying to manipulate their audience based on the promise of big advertising revenue (Fischer, 2009, para 8). There is no doubt that manipulation is part of the social media practice though the ability for any individual to broadcast and gain audience to the large network in the social media indicates that it is not an easy task and it is destined to be the exception and not the norm in the long run (Fischer, 2009). The distribution of retail products may also come to the forefront due to the social media influence. Due to the fact that e-commerce has been enhanced in the recent past owing to a revolution in the social media, some social observations have been made in regard to marketing trends for instance, there has been a relation drawn between the trends on how particular products are moved in the market. Such observations may be observed as ‘individuals who bought product X also bought product Y’. Large business organizations may also offer lower prices and utilize the social media to achieve the personal touch, a domain previously associated with small business organizations. This has been geared towards the ‘commodization’ of products that are produced on a large scale and the futuristic markets with the chances of realizing massive profits. The markets of the future are said to be niche markets that would require subject matter expertise and customization (Fischer, 2009). The gains of the social media in economic venture may be offset by the unsettling role associated with it in the conventional industries. In the past, any technological changes would result in obvious and simple routes to massive increases in the production and demand. However, with the social media, increase in productivity and demand over a short time is not palpable due to the fact that it requires cultural changes together with the technological transformations. Eventually, as the cultural changes are realized over time, massive increases in the production may be realized; however, in the short term social media can not be used to provide an obvious path for investment capable of leading to gains in effectiveness and productivity (Fischer, 2009). There is this argument that tightly knit society has the capability to survive economic stress better compared to a loosely knit society. Social media ensures that the world is woven in complex interactions and also offers individuals with something to do when they are not involved in an economic activity. This is motivated by what can be referred to as ‘reputation economics’ which is designed to motivate individuals to engage in activities such as creating open source software, report on events, and many more information services that would have required individuals to pay for before the advent of the internet. This allows for rich content and growth of valuable products to be carried out devoid of investment and yet with returns for instance a â€Å"business entity that hosts their websites on Linux servers or uses open office to create and manage documents† (Fischer, 2009, para 9). To add on the long term effectiveness of the social media which include the creation of complex systems like an operating system at relatively low cost; it could also enable the development of new innovations presenting a clear path that shall increase production and demand. The deflationary cycle that is predicted by the socio-economic theories could only be shortened if only we are able to find out the kind of innovation required and be able to bring it more quickly (Fischer, 2009). Social media is said to provide revenue to both the users and platforms. It has to be noted that social media better known as social computing is a driver for competitiveness. The effects of social computing may be seen on the industry itself for instance, the development in the social media or the information and communication technology sector. It can also be observed in other industries that uses the social computing. There is evidence that â€Å"more targeted marketing and user research which are reliant on user profiles and content interest are opening new channels to markets† (Pascu, 2008, para 11). There are emergent employment possibilities vial social networks and new opportunities to utilize user innovations in developing the products or as an intermediate between organizations and consumers (Pascu, 2008). The impact of social media can not be wished away as insignificant. This is because, faced with the modern reality where social media provides a platform for the consumers, competitors and the market place to discuss products, services and employees. All this is carried out online â€Å"whether it’s a protest group on Facebook (â€Å"United Airlines Sucks! â€Å"), a persistent hashtag on Twitter (#attfail) or just a meme that travels from blogger to Blogger† (Taylor, 2009, para 5). At this juncture, it does not matter as to whether it is of importance to probe into the social networks. What is of importance is whether one is paying attention to the social media where the message has gone to. This means that the customer to the company products is the one to define the brand in the market. This is quite challenging as it means that those organizations with acceptable products are bound to be reap benefits even with minimum branding and marketing strategies whereas those companies that are considered bad by the customers are destined to suffer from a bad reputation even when they spent more money to advertise themselves and try to position themselves as market leaders (Taylor, 2009). It is therefore important for organizations to take time and monitor what is going on in the social media. There are various services at the disposal of whoever would like to monitor the social media which include the individual services such as ‘Search. twitter. com’ and more complicated ones such as ‘Filtrbox’ and ‘Radian 6’. For successful business undertaking, there is need for organizations to embrace the social media which provides an avenue to engage with the customers. Interaction on the social media with the customers is crucial and thus joining these sites for creating new bully pulpits for the organization’s marketing and sales messages without proper interaction with the customers is not commendable (Taylor, 2009). The organizations can not be isolated from the social media as they create a powerful impression with the capability of having a lasting impact that may prove to be hard to change. Accompany with a bad reputation might score poorly even with spirited advertisement due to evaluations that are obtained from the social media. It is therefore important to address the problems that are affecting the organizations one by one rather than spending huge sums of money in advertising the products (Chong, 2010). Conclusion: Social media has been a new discovery in the information and communication sector and that its impacts on the economic development are worthy noting. The economic impacts of social media are two fold and may bring positive results or negative results to a business organization. With social media, the consumers of the company products are able to talk about the products, services and competitors and definitely such discussions are to impact on the business entity either for better or for worse. Social media can therefore have far reaching repercussions on the business organizations in terms of profitability. Reference: Chong, S. , (2010). Nothing Can save Negative Buzz on Twitter. Retrieved on 26th July 2010 from; http://www. penn-olson. com/2010/07/02/nothing-can-save-negative-buzz-on-twitter/. Dewing, M. , (2010). Social Media: 1. An Introduction. Retrieved on 26th July 2010 from; http://www2. parl. gc. ca/Content/LOP/ResearchPublications/2010-03-e. htm. Fischer, K. , (2009). Exploring the economic impact of social media. Retrieved on 26th July 2010 from; http://www. web20blog. org/2009/03/24/exploring-the-economic-impact-of-social-media/. Pascu, C. , (2008). ERoSC-The Socio-economic Impact of Emerging Social Computing Applications. Retrieved on 26th July 2010 from; http://docs. google. com/viewer? a=v&q=cache:dHneLXVRkYgJ:www. foresight-network. eu/index. php%3Foption%3Dcom_docman%26task%3Ddoc_view%26gid%3D352+Economic+Implications+on+Social+Media&hl=en&gl=ke&pid=bl&srcid=ADGEEShixNJSG5ddAxmDsp3_H0NmsZ-LetSdSeKnGykkb0y_4ruRrW-EstMaeGHfs16v1u66MJlBbpW-WIgVRxtCabedvJWeojTeW4mfj7Z70xD-y31hAWGz7VhQwakzAylysKUUV0NN&sig=AHIEtbRbStc-eBG_GjfGNgsEL-OmZ0oP8g Taylor, D. , (2009). What’s the impact of social media on business growth? Retrieved on 26th July 2010 from; http://www. intuitive. com/blog/impact_of_social_media_twitter_facebook_business_growth. html

Success of Southwest Airlines - 866 Words

SUCCESS SOUTHWEST AIRLINES So, to start with, the company was founded in 16th of March, 1967 Dallas by Herb Kelleher and Rollin King. It has a subsidiary company which is AirTran Airways. Southwest Airlines flies to 72 destinations in the United States. Key people of the company are Herb Kelleher (Co-founder), Rollin King (Co-founder) and Gary C. Kelly (President, CEO Chairman). And total assets in 2010 were more than 15 billion dollars. In simple words, more than 44 years ago, Rollin King and Herb Kelleher got together and decided to start a different kind of airline. They began with one simple notion: If you get your passengers to their destinations when they want to get there, on time, at the lowest possible fares, and make darn†¦show more content†¦Then your customers will come back, and your shareholders will like that, so its really a unity. A Relatively Happy Workforce Network carriers have railed for decades about the power of their employee unions. But guess whos the most unionized carrier in the nation? Southwest, of course. The airline says that 87 percent of its employees belong to a union. Southwest has never had a strike, and now that the network carriers have whacked away at salaries and benefits, Southwest staffers are generally the highest paid in the industry. Strong Management Kellehers bonhomie masked the discipline that Southwest has had throughout its history. The airline has always avoided fads and eschewed anything that increased costs or complicated the basic travel proposition. Management ranks are lean, but well compensated and, most importantly, productive. The Golden Rule. Treat others as you would like to be treated!† This rule simply shows how the company is working. And in my opinion it is one of the most important reasons, why the company is so successful. Now I’d like to show a video in which you will see steward giving safety information in a little bit different way. http://youtu.be/pvdCFYLf_JI I think this video illustrated for you this company’s attitude. To sum up I’d like to mention most important facts about the company: Southwest airlines –Show MoreRelatedSouthwest Airlines : Marketing Success813 Words   |  4 Pagesdiscussing about marketing success stories, Southwest Airlines name is bound to come. The company is a perfect example of customer focused marketing that helped it become Number 1 airline and currently serves almost 18.2% of the market share. Southwest is the only airline to win â€Å"triple crown† for five consecutive years between 1992 and 1996 for customer satisfaction, on-time arrival and lowest level of lost baggage. Being an upstart company starting in 1971, the way Southwest has maintained growth andRead MoreThe Success Of Southwest Airline Company Essay801 Words   |  4 Pagesis regarding the success of Southwest Airline Company. It was interesting to read and see the success of Southwest uncovered. Reading these case studies it brings a different approach to management. With this case, it shows how we have to be brave enough to step out of the normal and go with our passion and calling in life. Herbert Kelleher was not your typical CEO. It was fun, outgoing, witty and goofy. 1. a. Airline customers are segmented in different groups: airlines must use the followingRead MoreEssay about Southwest Airlines Success805 Words   |  4 PagesSouthwest Airlines has been in business for more than thirty years. 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Effective management teams are developed by cultivating leadership skills in those that supervise the company’s associates. Organizations want managers that can motivate their associates to achieve theRead MoreTurnaround at Southwest Airlines797 Words   |  4 PagesIntroduction Southwest Airlines is one of the largest domestic carriers in the United States, with over 3400 flights every day from 64 domestic destinations. Since 2011, Southwest Airlines is the airline that â€Å"carries the most domestic passengers of any US airline† (Scheduled passengers carried, 2011). The major factor that contributes to the success of Southwest Airlines and makes it different from the other airlines is its approach in designing and managing the processes. Measuring capacityRead MoreControl Mechanism1416 Words   |  6 PagesSouthwest Airlines: Control Mechanisms Southwest Airlines is a dynamic organization that is researched and studied by many. One reason for this attention is the positive corporate culture. This culture attracts dynamic people to the organization who are encouraged to be innovative and grow as leaders while supporting and promoting the mission of the airline. This culture was established through effective planning, organizing and leadership. To maintain this culture and the success of the airlineRead MoreSouthwest Airlines : Business Planning And Operational Budgeting997 Words   |  4 Pagesbehind. There is no exception to the Southwest Airlines. To analyze this great carrier company we need to dig deeper on its core value and the best practice Southwest Airlines has done. Their first core value is keeping their employees happy. Because only employees with nice attitude can provide best service to customers and keep company benefit. According to this, Southwest Airlines’ practice is their operating structure. The organization of Southwest Airlines is more likely as an upside-down pyramid