Financial ratios analysis Essay

NoCarb Limited Ratio Analysis will cover four ratio groups: Liquidity, Profitability, Activity and Financial structure ratios, in order to have a better understanding of company financial position. Liquidity ratios Measure the organization ability to satisfy its requirements for cash to meet its obligations based in its current assets. Cash is very important to keep company’s operations running. A failure to do that could lead the company to major problems, even a risk of bankruptcy. Nocarb current ratio has improved in 0.44 (1.48 – 1.04) from previous year (2013), this is basically due to the increase of inventory levels and the conversion of receivables to cash. Quick ratio has decrease only in 0.02 (0.37 – 0.35); not a significant variation. Quick ratio does not consider â€Å"Inventory†, which in this case is not a good idea to omit it, because we do not know how much divers are Nocarb’s products. We only certain about inventory being made up of soft  drinks. Profitability ratios To measure profitability performance, we are going to analyse profit margin and ROA ratios. Alternative Profit margin indicates the percentage of profit we get from each dollar of sales. In the case of Nocarb has increased in 0.96% (16.24 – 15.28) with respect to 2013. Soft drink industry profitability depends more from the volume of sales rather than the high profit earn from each unit. This industry is completely different from, for example High Tech industry, where volume of sales is small but with a high rentability per unit or service. There is a significant decline of 1.22% (4.61-3.22) in the ROA ratio (also known as ROI). This value indicates that Nocarb is losing efficiency at the moment to generate profit. We need to analyse activities ratios to have a better picture of Nocarb financial position. Activity (turnover) ratios From Note 2 we can see that Inventory level s have constantly increased since 2012. It is not a surprise that â€Å"days in inventory† has increased from 285 days to 760 days. This indicates that Nocarb have serious problems with the associated cost of keeping high level of inventory like insurances, obsolescence, handing and warehouse renting cost. This is also reflected in the drop of sales from 59860 in 2013 to 43014 for this year. Nocarb sales on credit. Therefore is important to analyse â€Å"days in debtor† indicator, which indicate how long it takes for Nocarb’s customers to pay their debts. We can see that it is taking longer for customers to pay their bills from 285 days in 2013 to 760 days this year. If this becomes a tendency Nocarb can be in risk of running out of cash, necessary for daily operations. This also indicate that Nocarb it is over financing its customers. Financial structure ratio After analysing Nocarb’s liquidity and activity ratios, which indicates a poor performance, we need to measure the borrowing level of Nocarb. â€Å"Debt to Equity† will help us to see how risky this company is. Debt to Equity ratio has significantly decreased from 294.53% in 2013 to 178% this year but it is still a high level. A ratio of 178% indicates that Nocarb assets are financed mostly with debt, making Nocarb more vulnerable to any fluctuation  of interest rates. Conclusion Soft drink industry is a mass production industry. We assumed Nocarb does not have a unique product as most of its counterparts. This industry relays in high levels of sales, maximum inventory turnover and minimal levels of inventory to reduce costs. Profit margin ratio is not a good indicator for Nocarb due to the low profit margin per unit; usual for mass production industries. Nocarb has serious problems with high levels of inventory and its associated additional costs. This situation is a result of the decline of sales and the increase of inventory, more probably financed by debt as â€Å"debt to equity† ratio indicate. Nocarb need to redesign its Sales and Marketing strategies. Review its supply chain and inventory strategies. Review its Credit Policies and promote Cash sales. Also needs to be very care full with its borrowing/debt level.

Impact of Radio Advertisements on Buying Behavoiur of Customer

MEDI-CAPS INSTITUTE OF TECHNOLOGY AND MANAGEMENT (Affiliated to D. A. V. V, Indore) SYNOPSIS OF MAJOR RESEARCH PROJECT â€Å"THE IMPACT OF RADIO ADVERTISEMENTS ON BUYING BEHAVIOUR OF URBAN CUSTOMERS† GUIDED BY : SUBMITTED BY: Dr. DEEPAK TALWAR VISHAL CHAWLA [PhD, Assistant Professor] MITM MBA III-SEM, MITM CONTENTS 1. TITLE 2. INTRODUCTION 3. CONCEPTUAL FRAME WORK 4. REVIEW OF LITRETURE 5. RESEARCH METHODOLOGY 6.LIMITATIONS OF STUDY 7. BIBLIOGRAPHY. INTRODUCTION This study aims to analyze the impact of radio advertisements on urban customer towards buying behavior in retail stores and attempts to determine the role of radio advertising on broadcasting of information on the sales promotions. The impact of radio advertisements on the store choice and buying preferences are analyzed based on descriptive investigation. ADVERTISEMENT – The American Marketing Association defines advertising as â€Å"any paid form of non-personal presentation and promotion of ideas, goods an d services by an identified sponsor. The paid aspect of this definition reflects the fact that the space or time for an advertising message generally must be bought. The non personal component means that advertising involves mass media (e. g. radio, magazines, newspapers etc. ). Advertising is non-personal as it is not directed to any single individual. Secondly, the sponsor i. e. the manufacturer or producer is identified as his name and address is always contained in an advertisement and he also bears all the cost involved in the process.Thirdly, the producer can also promote an idea regarding quality, design, packing and pricing, etc. of any product or service. Thus, we can say, advertising consists of all activities involved in presenting a sponsored message regarding a product, service or an idea. RADIO – An electronic receiver that detects and demodulates and amplifies transmitted audio signals. RADIO ADVERTISEMENTS – It is the presentation and promotion of idea s, goods and services through radio as advertising medium.In radio there are short breaks during transmission of any programme which is filled by advertisements of products and services. Radio advertising is one of the tools of advertising which is effectively used for communication and positioning BUYING BEHAVIOUR – Buying Behavior is the decision processes and acts of people involved in buying and using products. In other words it is the process by which individuals search for information about the product , select, purchase, use, and dispose of goods and services, in satisfaction of their needs and wants. Radio is the most involving and powerful promotional medium.Radio’s ability to create dynamic promotional concepts, to build anticipation and generate excitement, to magnetize the audience and the exhilaration radio delivers for both audience and advertisers is unparalleled. Radio has made a comeback in the lifestyles of Indians. Radio has the reputation of being t he oldest and the cheapest medium of entertainment in India. The radio industry has been completely reshaped by the various private players that entered the sector after the government allowed foreign investment into the segment and opened the licenses to the private players .The Indian government has already given 338 licenses for FM radio channels in 91 big and small towns and cities. The current size of the radio market in India is Rs 300 crores and is expected to achieve the highest growth rate of 32 per cent in coming years. The quality of the sound and the music has improved significantly with the emergence and use of satellite radio. The audience profile has also shifted to the high-income group. Local advertising, lower amount of money spent by the companies to advertise on radio is an added attractiveness for the players.All India Radio (AIR) – the national service provider owned and operated by the Ministry of Information and Broadcasting under the Government of Ind ia – is the largest player in the industry. Radio is an ideal media for marketing fast moving consumer goods because it can reach wide targeted listener demographics in urban territory. A large number of people listen to radio while traveling in urban areas and respond to the broadcast of various commercial messages. CONCEPTUAL FRAMEWORKIt is a logical development, described and elaborated network of association amongst variables that has been identified through interviews, observation and literature survey. Identification of key variable is very important in every research study. It can be defined as:- â€Å"A variable is anything that takes different values† Dependent Variables – In my project, our depending variable is â€Å"Buying Behavior of Customer†. Independent Variable – In my project, independent variables are â€Å"frequencies of radio advertisements on air and purchasing pattern†.Intervening Variables – Willingness to buy. Extraneous Variables – â€Å"Sales tax† as sales tax has little effect on the buying behavior, so it can be ignored. REVIEW OF LITERATURE Bob Trowbridge Created on: October 27, 2009 In the research he examined that basic need which should be focused before spending money on any advertising campaign is to know your market. Who buys your product or uses your service? If you know the audience you need to reach, you are more than halfway to finding the proper radio advertising vehicle.It's not just the right radio station, but the right program. With some radio ads you can pay for a certain number of ads to run throughout the day (and night). Depending on the station, this can mean that your ad will be aired during music programming, talk radio, and or news segments. The ultimate feedback from your ads will be an increase in sales. But you don't want to risk your advertising money without having a pretty good idea of the success of your ads before the sales show up. Donal d pennington Created on: August 30,2007 People are good listeners always.That’s the reason that business promotion strategies via radio advertisement are globally accepting. With a well-timed ad, following immediately after a popular song, there's the psychological advantage of the consumer hearing a message while still in an â€Å"upbeat mood† from the previous song or maybe a funny joke from the DJ. So, most businesses placing an advertisement on the airwaves take the time to have anything from a special offer just for that campaign, or maybe a toll-free number in place for listeners to respond to in place before the ad campaign is even created Pornpitakpan and Tan, 2000Radio advertisements on sales promotions at retail stores are largely created with humor to add emotional value. Listeners perceive humor and develop attitude towards communication and the brand. The purchase intentions are higher for humorous advertisements containing moderate incongruity than those conveying message directly different levels of emotions such as warmth, love, longing and desire, happiness and amusement were elicited by different commercials of retail stores. The most memorable advertisements among radio listeners have been those that evoked the most positive feelings and were the best understood.However, need to acquire product significantly affect a person's interpretation and emotional experience of a commercial Radio advertisements drive consumers to remember messages differently in reference to the favorite jingle, program or music. Such beliefs of listeners help advertisement to stay atop of the mind and consumers unconsciously associate with it as a personally relevant information and have an enduring impact on their emotions. Short cycle radio advertising is developed to have an enduring emotional impact on an audience by facilitating their creation of personally relevant understandings of an advertisement.How to measure the impact of radio advertising c ampaigns Created on: June 02, 2007 Studies have shown that people are more receptive to what they hear, as opposed to what they see. In other words, radio advertising is often more effective than TV. Advertising TV ads are often seen as a distraction and a nuisance that always seems to appear at the worst possible time when you are watching your favorite show. However, it's been found that people find radio ads more acceptable because they are listening to the radio station they enjoy, and the feeling often carries on into the ads they hear.There are several ways to tell what impact your radio ad campaign is having. Fist of all, stations have a ranking system (through polls) that will rate the effectiveness of your campaign. Also, an increase in sales that corresponds with your campaign will also serve as an indicator RATIONALE OF THE STUDY The interest paid by the past researchers on the functions of radio advertising is considered as one reason of the study. As we know that advert isers ; marketers are more concerned to know what are the customer motive ; their purchasing pattern in order to use different trategies to influence customer behavior ; when we get our findings than we will give very fruitful suggestions to the marketing department of the organizations that we can increase their sale amongst the customers. RESERCH METHODOLOGY Objectives :- The study aim to see the effect of advertisement on consumer behavior by perusing the following objectives:- * To study the impact of radio advertisement on the buying behavior of customer. * To find out the receptivity of the advertisement due to appeal use in it. Research design:- DescriptiveHere in my research process, my purpose is to evaluate that what affects the customer buying behavior, which are the factors which influence the buying behavior, how radio advertisements affect the buying behavior of customer. So I can say that I am explaining an existing situation so our purpose of study is descriptive. Hy pothesis :- H1 – Radio advertisements drive positive effect on listeners towards determining store choice and buying probabilities. H0 – Radio advertisements do not drive positive effect on listeners towards determining store choice and buying probabilities.Sample Plan :- The data will be gathered from 50 individuals (sample size is 50). Each individual is chosen randomly and entirely by chance, such that each individual has the same probability of being chosen at any stage during the sampling process. Tools of data collection :- Primary data Structured questionnaire – For this study a self-explanatory questionnaire consisting of 15 fixed item responses was adopted along with the instructions. Questionnaire items contained informative queries about advertised brand and its consumption process. Secondary dataArticles , research papers, browsing internet Tools of data analysis :- After gathering the data, frequency, percentage and the mean will be used to analyze the collected data. LIMITATION OF THE STUDY Errors -Respondents’ Error – the bias of the respondents sometimes leads to wrong results. Also unwillingness to answer certain questions also bring in errors in the conclusion -Researchers’ Error ; Interviewer’s Error – sometimes the question can’t be properly put forward to the respondent by the interviewer and also he may be bias in a few cases. BIBLIOGRAPHY Research Methodology – C. R. Kothari, second edition, Wishwa prakashan. * Principles of Advertising – Monle Lee ; Carla Johnson, Viva books pvt. Ltd. * Effectivity of Radio Advertisement- Liezel Campbell. WEBLIOGRAPHY * http://www. helium. com/items/566995-how-to-measure-the-impact-of-radio-advertising-campaigns(Retrieved on 14. 03. 12). * http://sibresearch. org/uploads/2/7/9/9/2799227/rajagopal_wp-04-2010( Retrieved on 13. 03. 12) * http://www. emeraldinsight. com/journals. htm? issn=0959-0552;volume=39;issue=7;articleid=1931 055;show=html(Retrieved n 14. 03. 12).

Finance & Growth Strategies Essay Example | Topics and Well Written Essays - 3000 words

Finance & Growth Strategies - Essay Example The risk can be greatly reduced by holding diverse security portfolios of various industrial sectors. Good performance of other companies in the portfolio would negate the effect of bad performance of some of the companies. Since the risk is diversifiable investors would not be able to demand a premium on investment due to the unsystematic risk. Systematic, non-diversifiable, market or relevant risk is inherent in the market due to macro and economic factors such as interest and exchange rates, recession, inflation, consumer demand, oil prices, taxation and bear market (market where prices decline). This risk cannot be diversified as the above mentioned factors influence the stock market and subsequently the market index. Investors who want high returns on investments should select assets with higher systematic risks while investors who want to eliminate risks should invest in risk-free assets such as government bonds. However, investors generally prefer higher rate of returns on investments in Public listed companies (PLC) rather than risk free assets to compensate for undertaking systematic risks. Systematic risks are considered relevant as they can’t be successfully diversified. According to Anon, â€Å"Only the systematic risk is relevant for assessing the rate of return required by shareholders – efficient markets do not offer a reward for bearing specific risk† (2007a, p. 6.20). Though diversification is not a guarantee against loss it is a prudent strategy to achieve long term financial objectives. 1. b. According to the CAPM, Beta or financial elasticity and correlated relative volatility is a measure of systematic risk. Systematic risk earns a risk premium and Beta is a calculated coefficient that indicates the amount of risk contributed by a security to the market portfolio. Beta, is determined by taking into consideration both dividend and capital appreciation. Beta is â€Å"†¦a measure of the responsiveness of the expected return on

Statutes and Enforcement, Organized Crime Coursework

Statutes and Enforcement, Organized Crime - Coursework Example Use of the RICO standard is what allowed Galante's employees and associates to be charged; under that statute, even belonging to his organization is a crime (Abadinsky, 2010, pp 369). Galante's organization was a group of companies involved in trash hauling, also called carting. He was the owner of twenty-five companies that among them controlled approximately eighty percent of the waste-hauling market in Connecticut and eastern New York state. At least forty other companies were found to have connections to Galante's organizations, and Galante himself was found to have connections to larger organized crime enterprises (FBI, 2008). One of the individuals charged as a member of this group was a member of the Genovese crime family, a group in New York City involved in several other cases of extortion and illegal gambling rings (FBI, 2008; Department of Justice, 2010). Also involved were several public officials, including a former mayor of Waterbury CT, Joseph Santopietro, â€Å"a fed eral drug agent, and a Connecticut state trooper† (FBI, 2008; News-Times, 2008). Galante's group was guilty of racketeering due to their organization of what the FBI calls a â€Å"property rights system† (FBI, 2008). ... This set-up caused an imbalance in the bidding system for the customer contracts, since the companies involved in this organization communicated with each other to rig the bidding. The lack of competition led to higher costs for the customer accounts; since these were primarily municipal customers, this meant higher prices for the individual taxpayers in these districts (FBI, 2008). Federal agents used wiretaps to determine which companies were connected to Galante's organization, and which were victims. Some of the phone calls that were intercepted even allowed them to warn potential future victims about the scheme. The key to the investigation was the use of an undercover agent working for a victim company. The undercover agent was eventually hired by one of Galante's companies as a salesperson, giving him unparalleled access to Galante's operation. The other method used to collect evidence against Galante was an analysis of his and his companies tax records (FBI, 2008). Galante wa s indicted by a grand jury at the same trial as twenty-eight of his co-conspirators, and was held awaiting trial without bail, though all others charged by the same jury posted bond. The charges at this point included â€Å"racketeering, extortion, conspiracy, wire and mail fraud, witness tampering and tax evasion† (News-Times, 2008). Galante was eventually convicted of â€Å"racketeering conspiracy, conspiracy to defraud the IRS, and conspiracy to commit wire fraud† (Koonz, 2009). He was sentenced to the maximum federal prison term, eighty-seven months, and then an additional year under a plea bargain for violations of state campaign finance laws (News-Times, 2008). Additionally, all twenty-five of Galante's companies were forfeited to the federal

To Be Determined Essay Example | Topics and Well Written Essays - 500 words - 4

To Be Determined - Essay Example Though on the surface, the poem seems to suggest a practical validation of the male superiority in the relationship under consideration, yet the underlying currents in the poem reveal a woman’s inherent superiority and finesse in the handling of love relationships. The woman in the poem is approaching the relationship with a sense of pragmatism and is well aware of the necessity of letting her male counterpart feel superior in this battle of the sexes. The monologue begins with the woman’s request for a cessation of the ongoing contention. She is intuitively aware of the fact that their quarrel has reached a precarious situation where sharp words could jeopardize the entire relationship. Ant further perusal of the logical arguments will only do an irreparable damage to the relationship. Her instinct nudges her to revert back to the agreed upon status quo so as to give the relationship a chance. Thus she yearns to drop reasoning in the favor of more fundamental and basic sensual and physical modes of communication. She in fact encourages her husband to subside to his conventional role. In this very instance of submission lies the astuteness of the woman in the sense that by succumbing to her conventional role as a woman, she is tacitly provoking her husband to do the same. As the dramatic action gets more intense and as her tone gets more submissive, superficially pointing to her unquestioning allegiance to her role, the sense of power that she commands in the relationship gets more discernable and apparent. Hence it gets really difficult to detect who is exercising the real control in the relationship. Therefore the title of the poem ‘A Woman’s Last Word’ presents a situation of ambiguity. Perhaps the woman in the poem has given up before the overpowering stature of her partner, or perhaps it is she who had the last word in the confrontation, considering the way she way she

E-marketing plan for Aljarafe Restaurant Essay Example | Topics and Well Written Essays - 2000 words

E-marketing plan for Aljarafe Restaurant - Essay Example While the restaurant targets the public, its prestigious location coupled with the high quality of services narrows the target market to the middle and upper-class members of the society. The diversity of services at the restaurant further widens the target market owing to the fact that the numerous eatery services will provide appropriate services to numerous people. Among the values that the restaurant promises, include quality, diversity and hospitality. The restaurant promises to tailor the services to the specifications of the client. This will ensure that the restaurant satisfies the demands of the market thereby developing a positive reputation in the market using strategic marketing techniques. The hospitality industry is one of the most lucrative industries in any economy. Success in the industry relies on the quality and uniqueness of the services that a player introduces. Aljarafe restaurant seeks to succeed in the already flooded industry by introducing unique products. C oupled with both diversity and high quality, the restaurant seeks the existing competition thus grabbing the largest share of the already existing market. The eatery business is the common business with numerous other restaurants already operating in the city of Manchester. Such features influence the market entry strategies that the new restaurant promises to use in order to increase its profitability.   Aljarafe Restaurant strives to use the diversity in the society to its advantage by developing products that will appeal to the society.  

Peer response Assignment Example | Topics and Well Written Essays - 250 words - 11

Peer response - Assignment Example knowledge from actual employment, as well as the development of skills, would augment the theoretical frameworks that educational institutions provide. Alliances and partnerships with private and public organizations must be forged to enable students to gain the benefits of experiential learning. It would be interesting to know any perceived disadvantages which preclude the proposed application of experiential learning in course curricula. The criterion which allegedly meets the quasi-experimental research method as described in the study clearly and evidently affirmed that lack of random assignment as the sole determining factor. Given that the authors aimed to explore the ability of institutions offering character development programs, as compared to institutions that do not. Therefore, it was commendable to have suggested that to convert the methodology to experimental, random assignment of students could be applied. The ability of random assignment could increase the veracity of the findings, as well as determine consistency in the conclusions that were arrived at. As such, in the proposed research, although the quasi-experimental method was already affirmed to be applied, measures that could remove biases and increase objectivity could be instituted to enable increasing the credibility and reliability of the

The Role of Education in Securing Jobs Essay Example | Topics and Well Written Essays - 1000 words

The Role of Education in Securing Jobs - Essay Example This paper declares that trends during the last decade also indicate that the number of people joining university courses has significantly risen. This, further points to a stronger awareness in people that mere basic knowledge education will not enable them to secure better jobs. Some skeptics, however, express a misconceived notion that the emerging trends in higher education will result in flooding the job market with graduates and, in turn, will cause unemployment for some. Recognition and higher rewards come to graduates because most of the recruiters and employers have university diplomas and they usually know what it means and how much efforts go behind in obtaining higher education. Money orientated people obviously have to direct their attention towards subjects that attract much higher salaries than others. Usually, they are the subjects used in industry where more cash flow is involved and automatically employers can afford to pay higher rates to their employers because th ey can get reasonably fast return of the investment. This report makes a conclusion that some employers do not want to employ graduates because they are might be orientated in the wrong direction by traditional education system and they rather mould them themselves instead of spending time. Also sometimes the knowledge gained through university does not meet their expectations. But most of companies approve traditional education system and appreciate general trends.

Factors of foreign policy Essay Example for Free

Factors of foreign policy Essay In the first place the size of a states territory as well as it’s population greatly influences its foreign policy. Generally the leaders and people of countries with small territory and population do not expect their country to carry great weight in international affairs. On the other hand the leaders and people of large countries are ready to assume special responsibilities. However, sometimes even small states which have rich resources also leave a deep impact on world politics. For example, Britain, a small country, played leading role in world politics in the nineteenth and early twentieth century. In our own times the oil-rich countries of the Middle East, though small in size are playing a significant role in international politics. On the other hand large states like Canada and Australia have not been able to pursue effective foreign policy. Commonwealth of Independent states (CIS) which came into existence after the disintegration of the Soviet Union, though quite large in size, is not able to play an effective role in contemporary international relations. The geography of a country, including its fertility, climate, location in relation to their land  masses, and water-ways etc. also influence the countrys foreign policy. It is a major factor in determining self-sufficiency of a country. Generally land-locked countries, nations in the tropics and those bordering a superpower are less self-sufficient in comparison to the countries which have access to warm-water ports or are located in the temperate zones and far removed from superpowers. For example in the nineteenth century USA adopted isolationist policy chiefly on account of its geographical location. Though the importance of geographic factors is acknowledged almost at all hands, its importance has considerably declined due to technological and scientific developments. For example, due to improvement in the means of transport and communication the world has greatly shrunk and the perception of large bodies of water as natural barriers to military attack has greatly diminished. But still geographical location of a country has a deep impact on the determination of its foreign policy. India adopted policy of non-alignment because of geographical location. The presence of two major powers on its borders (USSR and China) deterred it from joining power blocs. 3. Culture and History. The cultural and historical traditions of a country also deeply influence the foreign policy. Generally people possessing a unified common culture and historical experience can pursue an effective foreign policy because of the support of all sections of society who share the same values and memories. On the other hand, a country which is culturally and historically fragmented cannot pursue an equally effective foreign policy. According to Prof. Roseau the influence of cultural factors is not limited to the impact of societal unity upon the formulation and implementation of foreign policy. Equally important are the processes through which the contents of Shared norms and practices of society, as distinguished from the degree of unity that supports them shape the plans that are made and the activities that are undertaken withrespect to the external world 4. Economic Development. The stage of economic development which a country has attained also has its impact on its foreign policy. Generally the industrially advanced countries feel more deeply involved in relations with other countries because they have to import different kinds of raw materials and commodities from other countries. They are also on the lookout of latest knowledge and technical know-how. Therefore they maintain intimate trade relations with their trading partners. All this leads to intimate links between the groups and people of one country with their counterparts in the other country. Again, an industrial country is expected to have a higher gross national product (GNP) and can devote greater funds for external purpose, economic aid programme, military ventures and extensive diplomatic commitments. On the other hand, industrially backward countries are not able to actively involve themselves in external affairs. The lack of scientists, engineers and other specialists in the country prevents them from taking advantage of the technological break-through abroad. In recent years United States has been able to pursue more vigorous foreign policy and secure its national objectives, mainly on account of its high degree of economic development. It has made liberal use of foreign aid as an instrument for the promotion of its foreign policy goals. It is a matter of common knowledge that in our times the industrially developed countries (popularly known as G-7) are playing an effective role in international politics as compared to other developed or under-developed countries. This is but natural in view of fact that economically developed countries possess greater military capability than the less developed countries, and can exert greater influence on international relations. In our own times the decline of Russias economic power has considerably undermined her political role in the international arena. 5. Technology. Advancement in technology, which affects the military and economic capabilities of a state, also exercises profound influence on the foreign policy. However, this factor influences the foreign policy only in an indirect manner, by influencing other sources of foreign policy. It has been observed that countries which possess advance technology are able to provide technical knowhow to less developed and developing nations and thus exert necessary influence on their foreign policies. Roseau has rightly observed Technological changes can alter the military and economic capabilities of a society and thus its status and role in the international system. The dominant role which countries like France, China, Germany and Japan have been able to play in recent years is largely due to excellent technological developments in these countries. 6. National Capacity. The national capacity of a state also exercises profound influence on the foreign policy of a state. National capacity of a state depends on its military preparedness, it’s technological advancement and economic development. It is well known that United States which continued to pursue policy of isolation till the beginning of the present century got deeply involved in the international arena in the present century mainly due to tremendous increase in her national capacity due to rapid economic development. Similarly, the foreign policy of Britain underwent great transformation in the post World War II period, mainly due to decline in her national capacity. 7. Social Structure. The social structure of a society also exercises profound influence on its foreign policy. A society which is sharply divided on the basis of wealth,  religion, regional imbalances, etc. cannot pursue effective foreign policy on account of division and lack of co-operation among various groups. On the other hand a homogeneous society possessing strong sense of national unity can pursue a more effective foreign policy. It is well known that Britain stood as one person under the leadership of Churchill during the Second World War and the people gladly suffered all kinds of hardships to preserve their unity because of social solidarity. 8. Public Mood, Public mood is another important determinant of a countrys foreign policy. Though public mood usually follows rather than guides the foreign policy making process, it can exercise lot of influence on the determination of a foreign policy if the basic realignment in the prevailing great power structure takes place and the state becomes more involved or more isolated from the world affairs. It may be noted that generally in an authoritarian system the public mood does not influence the foreign policy, but in a democratic system based on political accountability considerable weight has to be accorded to the changing public mood and sentiments. Political Organization. The political organization found in a country also greatly influences the foreign policy. Generally under authoritarian system quick foreign policy decisions are possible because the decision making power rests with an individual assisted by his clique. But as the leaders under this system are isolated from the operational environments and the subordinate policy makers provide the information which is perceived by the superiors, there is every possibility of a discrepancy between the psychological and operational aspects of the foreign policy. Further, under this system undesirable opposition can be suppressed through censorship and promulgation of regulations. On the other hand in a country possessing a democratic structure the citizens can freely express their opinion on the domestic as well as foreign policy which naturally leave its impact on the foreign policy of the country. Under democratic system there is very little discrepancy between what the officials want to believe about the state of world politics and the actual position because the subordinate policy makers make available critical and detached information. Within the democratic system itself the difference in a political structure has its impact on foreign policy. For example, under a parliamentary system of government based on co-operation between the Legislature and the Executive, the cordial relations between the two wings have an impact on countrys foreign policy. On the other hand under presidential system based on the principle of separation of powers, the relation between the two wings are likely to be more strained, which affect the ambiguity or continuity of foreign policy. Similarly, different foreign policy is likely to emerge under bi-party system and multi-party systems. Generally under bi-party system the government is likely to have a clear-cut majority and conduct itself in a more decisive manner regarding the conduct of foreign relations. In contrast of this, under multi-party system conflicting view points and interests may have to be reconciled. This may lead either to the avoidance or postponement of the decision. 10. Role of Press. The press also plays a vital role in the foreign policy formulation process. The press contributes to this process by supplying factual information on the basis of which the people take decision by publishing specialized articles on current international developments which enable the people to understand the significance of developments in their country in relation to the past developments and by analyzing the policy of the government in regard to foreign affairs. The press also plays an important role in publicizing the foreign policy of the country. The role of the press, however, depends on the political system prevailing in the country, the rate of literacy as well as the attitude of government. The nature of political accountability prevailing in a system also greatly influences the foreign policy of the country. Generally in an open political system, the demands of citizen and groups get articulated and transmitted to foreign policy formulators. The framers of foreign policy cannot ignore these demands. In fact quite often the policy formulators anticipate these demands while formulating the foreign policy. On the other hand under a closed system the public reactions are neither available nor given much importance. The leadership also plays a vital role in the shaping of a countrys foreign policy. According to Rosenau: A leaders beliefs about the nature of international arena and the goals that ought to be pursued therein, his or her peculiar intellectual strength and weakness for analyzing information and making decisions, his or her past background and the extent of its relevance to the requirements of the role, his or her emotional needs and most of other personality traits—these are but a few of the idiosyncratic factors that can influence the planning and execution of foreign policy. No doubt, the qualities of leadership have a deep impact on the countrys foreign policy but their role is greatly constrained by the governmental and social structure. Further the role of leadership is not identical in all countries. In less developed countries their role is greater as compared to industrialized societies. In industrialized societies the individuals enjoy very limited discretion in high governmental and non-governmental positions. Posted 2nd July 2012 by Ken Ngeny

Con Man Essay Example for Free

Con Man Essay This is covered under clause 29, which covers the Revision of date of completion of the project. Under clause 29 the JBCC lists events where the contractor is entitled to a revision of date practical completion but is not due compensation and those that the contractor is due compensation, in the case of the JBCC, the value of the contract or project will not change as a result of the listed event. All though this is the case, some of the events listed under clause 29. 1 are covered in section 6, but have different consequences. One such issue is how the different contracts deal with adverse weather effects on works during construction period. While the NEC contract states the effects of weather on the works as a compensation event under clause 60. 1. 13, where a weather measurement is recorded during a calendar month, before the completion date for the whole of works and at the place stated in the contract data, the weather event must occur less frequently than once in ten years to be a compensation event. This could mean that should this occur the contractor is due compensation for any costs incurred and a revision of completion time. While the JBCC deals with weather in a different way. In clause 29. states the circumstances where the contractor is entitled to a revision of the completion date but where the principal agent shall not adjust the contract value, are the delays to practical completion caused by various events. One such event, stated in clause 29. 1. 1 is the adverse effects of weather conditions. This implies that the contractor can not claim for adjustment to contract value due to adverse weather condition s like in the NEC contract. This is one less compensation event that will need to be budgeted for under the JBCC agreement. Another difference in this is under clause 60. 9 of the NEC contract which covers events neither party could account for or prevent which stops the contractor continuing works and is not one of the stated compensation events. While this is covered in the JBCC under clause 29. 1. 4 as an event that neither party could prevent also, it only allows the contractor a revision of date of completion without a revaluation of the project. The JBCC recognizes some events as requiring compensation and others not, while the NEC all the events are seen as compensation events which will require the employer to pay the contractor more money. In regards to the communication of such events occurring the NEC gives the contractor considerably more time to notify the Project Manager of the possibility of the compensation event occurring. This is stated under clause 61. 3 which gives the contractor a maximum of eight weeks to notify the Project Manager of the event, failing to do so will mean that the contractor will not be entitled to change prices or the completion date. This is only if the Project Manager failed to notify the contractor of the event, if it was the responsibility of the Project Manager to do so. While in the JBCC also allows for a time period, which gives the contractor more time to claim compensation if any of the events occur that are listed in clause 29. 1 to 29. 3. Under clause 29. 4. 1-3, the contract states that the contractor must notify the principal agent within 20 days of becoming aware of the event and must take all steps to try and avoid it. There is also a 40 day period after which the event has occurred, within which the contractor must alert the principal agent of it occurring or lose out on being able to claim for compensation. This is stated under clause 29. 5 of the contract. In both contracts these claims are submitted to the project manager, in the NEC and to the principal agent in the JBCC. These claims are investigated by the employer’s agents, clause 61. 4 in the NEC, states that the project manager must decide whether the event occurred as a result of actions taken by the contractor, or has not happened or is not expected to happen, has no effect upon the defined cost or completion date and is not one of the listed compensation events, the project manager may decide that the contractor has no grounds for his claim and deny the contractor compensation. If the project manger does decide that there are grounds for the claim he notifies the contractor to submit a quotations for the claim. Should the project manager fail to reply the contractor within a week or a longer time period that is agreed upon by both parties, then the claim is viewed to have been accepted by the project manager. The contractor is the free to submit quotations for the claim. While in the JBCC the process is similar, and is covered under clause 29. which gives the principal agent 15 working days of receiving the claim to grant or refuse the working days claimed or revaluation of contract value depending on the basis of the claim. During which time the principal agent shall determine the revised date of practical completion and identify each circumstance and relevant sub-clause and for each event grant or deny the contractors claim. The principal agent must also supply reasons for the decisions he or she has made. But while in the NEC no response by the project m anager, the claim is deemed to have been accepted, in the JBCC it is assumed that the claim has been rejected. This is sated under clause 29. 8, which provides certain cover for the employer should there be a mishap and the principal agent is unable to reply the contractor, unlike in the NEC. In essence the JBCC contract is the better contract on managing the cost of the project along with time constraints. The contract clearly states the events which if they do occur, will require revision of the date of practical completion and also which events will require both a revision of the date and revaluation of the project. While under the NEC contract the events listed are events that can all be claimed for money by the contractor, which may lead to the employer having to set aside a greater budget for contingencies because of the number of items listed that can be claimed as a compensation event. The better contract that would ease the client’s worries about budget and time constraints is the JBCC principal agreement. References 1. JBCC Series 2000 Principal Building Agreement Edition 5. 0 2. NEC Engineering and Construction Contract

Theories in group work

Theories in group work Reflection on group task This essay is going to reflect on learning gained from a group task carried out in the unit lectures. I will explore the theories which inform group work, inter-disciplinary and collaborative working and the application of these theories in relation to the group work. I will also identify how I will develop my practice in relation to my current skills and areas for development. Finally, I will also reflect on how I have developed my self-awareness, professional values and professional development, in relation to group work task and how this will inform my future professional practice. Toseland and Rivas (2008) define group work as a goal directed activity aimed at accomplishing tasks. Members of the group have the opportunity to share ideas, feelings, thoughts, beliefs, engage in interactions and also share experiences. The group members develop feelings of mutual interdependence and a sense of belonging. Martin and Rogers (2004) define inter-disciplinary working as a team of individuals with different professionals working collaboratively with a shared understanding of goals, tasks and responsibilities. This collaborative working is needed when the problems are complex, a consensus decision is required and also when different competencies are needed. According to Cheminais (2009), the approach to the collaborative working requires clarity on roles, power, accountability and strategic planning. Salas et al. (2012) states that, group work was developed from a philosophy of people working together for mutual gain and theories later emerged to provide clarity regarding the dynamics of groups and to provide an understanding of human behaviour. A group or team can be understood by looking at Tuckman and Jensen’s (1977) model of group formation which comprise of forming, storming, norming, performing and later adjourning. According to Tuchman and Jensen (1977), the forming stage of a group involves clarifying common interests and roles to be played. Martin and Rogers (2004) states that, in an inter-disciplinary team this is the stage where membership is established, team purpose is clarified, roles and boundaries are decided and interpersonal relationships begin. According to Tuchman and Jensen (1977), the storming stage may involve the problem-solving processes and this is usually where conflict emerges. If the conflict is unresolved, it can inhibit the team’s prog ress. The norming stage usually involves the clarification of the task and establishing the agenda. This stage involves belonging, growth and control. The performing stage involves the allocation, implementation, and evaluation of the task. Finally, the adjourning stage can include the celebration of task completion. Reflecting on the unit group task, I think my group went through Tuckman and Jensen’s (1977) model group formation which included the â€Å"forming†stage in which the group purpose was clarified. The group went through the â€Å"stormimg† stage and at that point, there were disagreements on what should be included and how the task will be presented. One of the group members suggested that a role play was ideal for the presentation and I was not comfortable with the idea, as I thought that all of the information was not going to be included in the role play. I was anxious, as I had not get the general picture of exactly what the role play was about. I alsofeltanxious as other members elected me to take the lead role as I had experience in working with psychiatrists. At that time I felt that the team wanted me to do most of the task and I rejected their ideas they were putting forward. I think I did this unconsciously because I realised my actions later on when my group members gave feedback. The group also decided that we give ourselves time to research on the topic given (norming stage) and then meet the following week. I was very frustrated to find the following week that some of the group members did not bring the material they had researched. As I have worked with psychiatrist before and had researched I took on the lead role and shared the information I had. Belbin’s (2010) work identified roles in teams which each offer positive contributions to team working. The roles include innovator, implementer, completer, evaluator, investigator, shaper, team maintainer, co-ordinator and expert. Reflecting on Belbin’s (2010) group roles, each team member brought strength and perspectives grounded in their discipline and experience. During the group work task, I had the experience and knowledge in relation to the task and I found myself leading the group on sourcing information. I got positive feedback from my group colleagues such as, â€Å"goal oriented, researched well on the topic, contributed well and very good ideas on the role play†, however I was criticised for being inflexible with ideas of others. I think I took the role of an implementer who turns ideas and decisions into tasks and actions but inflexible and reluctant to change plans. However from my previous placement I think I took the role of an investigator in a proposed group project of working with young mothers to enable them to gain independent skills. The project failed because I lost interest as a result of constraint in obtaining the resources. In Belbin’s (2010) model, an investigator explores opportunities and resources from many sources however can jump from one task to another and lose interest. Looking back at it, I think this was because I tend to do things in a structured way and task oriented. The resources in the organisations did not allow me to do the task in time and I end up losing interest. I later understood the situation of working in an organisation team by looking at the group system theory. According to Connors and Caple (2005), group systems theory provides an understanding and working with teams or groups in an organisation as it goes beyond a focus on the individual or interpersonal exchanges. They suggested that, a group systems theory is influenced by the interactions within the group and by the external environment. All the group members influence group dynamics however, the organisation in which the group work may impacts the group work with its boundaries, power structures that make decisions and the resources it allocates for group work. The environment impacts the group and the group can impact the larger social environment. I abandoned a project which was going to benefit the young mothers and in a way the community as well. In group systems theory, a change in any part of a system creates change in that system and in the other systems in which it is embedded. Another form of group theory emerged from Bion (1989) who viewed the group working as a collective entity and was concerned with overt and covert aspects. Bion (1989) suggested that overt aspects are the task and purpose of the group. The covert aspects are the unconscious emotions and the basic assumptions of group functioning. Bion (1989) also proposed three basic assumptions in group working. He suggested that there is the dependency group, which assumes that security and protection can be obtained from the group leader. Members expect the leader to have all the answers. As a result, individuals may act helpless and incompetent in the hopes that the group leader will carry the responsibilities. This was evident in my group as they assumed that as I am a mental health nurse and had worked with psychiatrist before, I will have all the information at hand. When this did not occur, group members become angry or expressed their disappointment by acting incompetent and not doing enough research. Bion’s (1989) other basic assumption is the fight-flight group. Examples of flight include absences and fight is demonstrated by resisting reflection and self-examination. In inter-disciplinary working, flight is demonstrated by blaming management for the failure of team work. The final basic assumption identified by Bion (1989) is the pairing group where two group members form a bond. The rest of the group may become inactive as the pair rely on each other and exclude other group members. Salas et a.l (2012) state that, it is necessary to develop a theoretical framework to guide group practice and to support my techniques and interventions. I am responsible for formulating my own theoretical framework that is derived from the synthesis of theories and that is aligned with my natural views and inclinations. To achieve this it is imperative that I be self-aware and grounded in theories of small group work, including the strengths and limitations of the theories. Only then I can select theories and interventions that are advantageous and appropriate fit for the client. The Health and Care Professions Council (HPCP) (2012) also states that, I should understand the key concepts of the knowledge base relevant to social work so as to achieve change and development. Gilley et al. (2010) suggested that the purpose of a group is to accomplish the task and for the practitioner to develop problem-solving skills. As a social work student, in order to work collaboratively, I need to develop skills, knowledge, and attitudes in conflict resolution, problem solving, communication, organisational understanding, decision making, and task coordination. This is imperative as I will be working in teams with other professionals or agencies. From the unit group work, I have learnt that co-operation is vital for effective teamwork. Acknowledging and respecting other opinions and viewpoints while maintaining the willingness to examine and change personal beliefs and perspectives are some of the skills I have learnt. I also now have an understanding of the importance of accepting and sharing responsibilities, participating in group decision-making and effective communication. I have also developed skills in exchanging of ideas and discussion and also how to relay and support my own viewpoint with confidence. As a future social worker, specific leadership skills are required to manage an inter-disciplinary team, so I need to develop skills in the ability to recognise the challenges inherent not only in group dynamics, but in trying to blend the different professional cultures represented in the team. According to Crawford (2012), to work effectively and confidently with other professionals, I need to understand my own professional identity as a social worker. The HCPC (2012) states that, I need to be able to engage in inter-professional and inter-agency communication and work in partnership with other agencies as part of a multi-disciplinary team. It is also vital that I develop self awareness of my behaviour and values. According to Hall (2005), values are internalised, therefore they can create obstacles that may actually be invisible to different team members. Therefore the professional values must be made apparent to all professionals involved. Through experiences in group work feedback received from other group members and self observation, I have learnt about my maladaptive style of interacting with others and perceptual distortions. I have also learnt that I need to acknowledge and appreciate the differences and adjust, adapt, and mirror interpersonal interactions when interacting with others. If faced with the same situation again I would try to take into consideration other people’s ideas and also take into consideration that, as people we are different and we have different approaches to tasks. References Belbin, R. M. (2010) Management teams. 3rd edn. Oxford: Elsevier Limited Bion, W. R. (1989) Experiences in groups and other papers. New edition. London: Routledge Cheminais, R. (2009) Effective multi-agency partnerships : putting every child matters into practice. Dawsonera [Online]. Available at: https://www.dawsonera.com/readonline/9781446203514/startPage/38 (Accessed: 13 January 2014) Connors, J. and Caple, R. (2005) â€Å"Review of group systems theory†,Journal for Specialists in Group Work, 30(2), pp. 93-110, SocINDEX [Online]. Available at: http://0-ehis.ebscohost.com.brum.beds.ac.uk/eds/pdfviewer/pdfviewer?vid=5sid=a5e06866-f590-4862-bcbb-3dea9991c6f0%40sessionmgr4005hid=4108 (Accessed: 30 December 2013) Crawford, K. (2012) Interprofessional Collaboration in Social Work Practice. London: sage Publications Limited Gilley, J.W., Waite, A.M., Coates, T., Veliquette, A. and Morris, M.L. (2010) Integrated theoretical model for building effective teams,Advances In Developing Human Resources12(1) pp. 7-28.SCOPUS [Online]. Available at: http://0-ehis.ebscohost.com.brum.beds.ac.uk/eds/detail?sid=a5e06866-f590-4862-bcbb-3dea9991c6f0%40sessionmgr4005vid=10hid=4108 (Accessed: 30 December 2013) Hall, P. (2005) â€Å"Interprofessional teamwork: professional cultures as barriers†,Journal of Interprofessional Care19 pp. 188-196. CINAHL [Online]. Available at: http://0-ehis.ebscohost.com.brum.beds.ac.uk/eds/pdfviewer/pdfviewer?vid=13sid=a5e06866-f590-4862-bcbb-3dea9991c6f0%40sessionmgr4005hid=4108 (Accessed: 12 January 2014) Health and Care Professions Council (2012) Standards of proficiency. Available at: http://www.hpc-uk.org/assets/documents/10003B08Standardsofproficiency-SocialworkersinEngland.pdf (Accessed: 20 January 2014) Martin, V. and Rogers, A. M. ( 2004) Leading interprofessional teams in health and social care. Dawsonera [Online]. Available at: https://www.dawsonera.com/readonline/9780203505359/startPage/139 (Accessed: 10 January 2014) Salas, L. M., Roe-Sepowitz, D. and Le Croy, C. W. (2012) â€Å"Small group theory†, in Thyer, B. A., Dulmus, C. N. and Sowers, K. M. (eds) Human behavior in the social environment: theories for social work practice. Dawsonera [Online]. Available at: https://www.dawsonera.com/readonline/9781118227251/startPage/363 (Accessed: 15 January 2014) Toseland, R. W. and Rivas, R. F. (2008) An introduction to groupwork practice. 6th edn. Harlow: Pearson Education Limited. Tuckman, B. W. and Jensen, M. A. (1977). â€Å"Stages of small group development revisited†, Group and Organizational Studies, 2(4) pp. 419- 427. Available at: http://www.freewebs.com/group-management/BruceTuckman(1).pdf (Accessed: 30 December 2013)

Death in Stopping by Woods on a Snowy Evening Essays -- Stopping Woods

Stopping by Woods on a Snowy Evening   - A Stop for Death  Ã‚   Everyone feels burdened by life at some point. Everyone wishes they could just close their eyes and make all the problems and struggles of life disappear. Some see death as a release from the chains and ropes with which the trials and tribulations of life bind the human race. Death is a powerful theme in literature, symbolized in a plethora of ways. In "Stopping by Woods on a Snowy Eve" Robert Frost uses subtle imagery, symbolism, rhythm and rhyme to invoke the yearning for death that the weary traveler of life feels.    When the speaker in "Stopping by Woods on a Snowy Eve" pauses for a moment's rest, he does not do so on a simple evening, but on the "darkest evening of the year," the winter solstice (474). The winter solstice is the day marking the beginning of winter, when the sun is the sky for the shortest time, and the night is longest. Night, with its darkness and shadows, is a classic symbol of death. On the winter solstice, Death can be considered his strongest, for his time, the night, is the longest i...

Analysis Of Relationships In Fijian Society :: essays research papers

Fijian relationships between men and women have undergone many changes since the introduction of Western influences. These changes are due to the desire to become more "Westernized" and therefore, incorporating the ideals that they perceive are important within Western society to their culture. This has caused relationships based upon an idealized version of "love". These Western influences, such as movies, magazines, and books make it seem as if many people have casual sex, and that they are all in "love" relationships. They portray love as this necessary aspect in a relationship and do not focus upon the amount of time that the majority of people feel is necessary in order to fall in love. Fijian society does not encourage relationships that are conducive to the Western view of "love" because they focus upon separation between men and women, and do not encourage cross sexes to spend time together before they are married. Even after marriage, separation between the sexes is promoted through division of labor and male dominance within the marriage. Since Fijian relationships have applied the idea of "love" to relationships which are based upon separation and male domination, idealized "love" relationships are occurring. This can be seen in premarital relationships in the fact that many of the couples do not have a friendship before they have a relationship, and often claim to be in love Premarital relationships are not based upon significant amounts of time spent together. Couples do not get to see each other often and when they do they often meet in crowded areas so that it is not suspected that they are together. It is not uncommon to have long distance relationships Many of the traditional means for choosing a spouse, such as parents influence and male domination, have remained as strong influences. This is because premarital relationships are based on this idealized view on "love" and therefore, are not strong enough to basis marriage choices upon. Marriage relationships have changed due to Western influences, they however are also retaining many of the traditional views. Traditionally marriages were arranged. However, due to Western influence Fijians are now having "love" marriages. These marriages are facing many of the same issues that premarital relationships are. Because of separation of the sexes, these marriages are not based upon significant amounts of time spent together. They are instead being based upon traditional views. These relationships are based on little contact.

System Description Case Study

The beginning step in studying a productive system is to develop a description of the system. Once the system is described, we can better determine why the system works well or poorly and recommend production-related improvements. Since we are all familiar with fast-food restaurants, try your hand at describing the production system employed at, say, a McDonald's. In doing so, answer the following questions:a. What are the important aspects of the service package?The key aspects of the service package are: waiting time, quality food, delivery time, billing time, courtesy of the service personnelb. Which skills and attitudes are needed by the service personnel?The service personnel should have the following skills and attitudes: empathy with the customer (understand customer’s preferences), proactively approaching customers and greeting them, expertise with all the menu items (contents of each item), relationship building capability with customers etc.c. How can customer demand be altered?The customer demand may be altered through use of special pricing and promotional schemes. For example; a new meal comprising (burger, French fries, cold drinks, dessert etc) can be offered at a discount during launch phase so that customers can try it out. Also, customers ordering items worth more than $40 (or any other amount) might be offered a free meal (take home).d. Describe the process flow of the production/delivery system.The process flow of the production/delivery system would be as follows:Customer enters the McDonald Outlet -> Occupies the seat after waiting -> Orders the items from the menu to the Front staff -> Front Staff passes on the orders to the kitchen staff -> Orders is prepared by the kitchen staff -> Food item delivered to the customer -> Customer takes the food -> Customer asks for check -> Front staff gets the check -> Customer makes the payment -> Customer leaves the outlete. Can the customer/provider interface be changed to include more Technol ogy? More self-serve?Yes, the customer/provider interface can be changed to include more technology. For example: customer can enter into McDonald and order their food through a kiosk and pay the amount through a credit card on the kiosk itself. The ordered items are automatically passed on to the back staff for delivery within a stipulated time frame. The customer takes the food and leave the outlet without any interface with the front or back staff.f. Which measures are being used to evaluate and measure the service? Which could be used?Measures that are being used to evaluate the service are: speed of delivery, quality of food, efficiency of the back-staff, etc. are used to evaluate and measure the service. Some other measures that could be used are: waiting time (before ordering, for food and for the check) would be critical for evaluating the service.How does it measure up on the seven characteristics of a well-designed service?The seven characteristics of the service design ar e:CharacteristicMatch with current evaluation measures for McDonald case Operating FocusFocuses on speed of deliveryUser friendlyFocuses on courtesy, relationship management of staff RobustNot considered as staff is directly interfacing with the customer. However, if we assume kiosk based ordering and payment; then back up of staff should be there for any unforeseen problem in kioskConsistentPerformanceAll the staff are trained on different processes so the services are replicated Effective links between back office and front officeLinkage between front staff (taking orders) and back staff (preparing food) is establishedEvidence of serviceFeedback about the changes in the outlet and any other product changes need to be highlighted to the customer through Point of Display Cost-effectiveMore than being cost effective it should provide value to the customer. The quality of food (+speed of delivery, ambience etc) against the amount paid measures the value to the client

Language and Literacy Essay

Language and Literacy what are they? How do they relate? How do we learn them? These are just a few questions one might ask them self when they contemplate the effect language and literacy have on learning. â€Å"Forms of language and literacy develop supportively and interactively. Children build on oral language knowledge and practices as they learn to read and write’ they develop key understandings about reading through writing, and they extend their writing range through reading† (Braunger & Lewis, 2005). This illustrates how at even the most basic level, language and literacy are interconnected from the very beginning. Therefore, in order to dissect each to see how children learn each, one needs to have a full understanding of both language and literacy apart from each other before one can fully understand how they work together. Language is first and foremost functional. It can be divided into two parts; written language and oral language. â€Å"Language is essential to learning, and ready, as a specialized form of language, is not only a basic skill, it is an indispensible tool for critical and creative thinking† (Braunger & Lewis 2005). There are many similarities between written and oral language, â€Å"Reading, writing, speaking and listening, at the deep levels of production and comprehension, are parallel manifestations of the same vital human function – the mind’s effort to create meaning’(Cambourne, 1988)† (Braunger & Lewis, 2005). For both written and oral language development, children go through a similar learning process; seeing/hearing, recognizing, awareness of the differences in what they are seeing/hearing, participation in speaking/writing (Braunger & Lewis, 2005). While there are many similarities, the two modes of language are different in many complex and interesting ways. These differences are due to such â€Å"pragmatic factors as psychological and physical distance from audience, function, amount of time people have to produce language, and degree of permanence (Chafe & Danielwicz, 1987; Olson 1977; Rubin, 1978; Tannen, 1982). The most salient difference is that the two require different kinds of knowledge that learners must acquire in order to operate with and on them† (Braunger & Lewis, 2005). Additional differences are that each mode requires specific knowledge that cannot be transferred to the other and also that â€Å"written language is doubly symbolic; readers and writers must become at least somewhat conscious of their knowledge of oral language, which isn’t necessary in speaking† (Braunger & Lewis, 2005). Another major difference between written and oral language is its accessibility. Oral language is very readily available through conversations, recordings, music, etc. whereas written language is much harder to come by since it has to be created and then made accessible for others (Braunger & Lewis, 2005). Aside from their similarities and differences listed above written and oral language make up the building blocks of literacy. â€Å"Literacy allows us to make connections between our own and others’ experiences; to inquire systematically into important matters; and to access, analyze and evaluate information and arguments. In short, literacy is key to success in school and beyond for effective participation in the workforce, the community, and the body politic† (Braunger & Lewis, 2005). Literacy occurs in stages with the primary development taking place during childhood and adolescents. During adolescents is when our literacy knowledgebase grows and deepens the most. Some of the key features in helping develop an adolescents literacy are; reading a wide variety of texts and genres, teacher modeling, cognitive collaboration, and assessment of strengths. However parents play the most important role in a child’s language and literacy development. It has been shown that the more involved families are in the literacy development of children, the more success the student will achieve (Braunger & Lewis, 2005). It has also been proven that children who have more language experiences such as, opportunities to talk, experiences with stories both oral and written, verbal interaction between adult and child during story readings, and opportunities to draw and write, fare better once they reach a school learning environment since they have had more exposure to the things they are learning in the classroom. This early preparation and learning is vital for building a student’s confidence which will affect all aspects of their schooling. (Braunger & Lewis, 2005). â€Å"The diversity of public schools today does not support a ‘one size fits all’ program of reading instruction† (Braunger & Lewis, 2005). In other words, we as educators need to ensure that the literacy programs we use are tailored to fit the needs and interests of our individual students if we want to ensure they develop their language and literacy skills to the fullest. ? References Jane Braunger & Jan Patricia Lewis, (2005). Building a Knowledge Base in Reading (2nd ed. )

Whole Foods Market Business Analysis

Sales have doubled since then and 66% of the British adults now consume organic food and drinks. Their weakness Is the fact they haven't expanded Into the global market except for Canada and the ASK. There has also been several recalls on brands purchased by the company. The opportunities appear to be significant In this retail market. There Is an Increasing desire for organic, healthy products which bodes well for the success of opening new stores. The threat is competition as the demand grows and more stringent regulation. Rental increases is also a concern.In making a decision on whether to invest in Whole Foods Market, the welfare and needs of the internal and external stakeholders need to be considered. Growth depends on Bonds and Stockholders. The company must show consistent growth in order to be able to have available borrowing outlets. The employees are instrumental in keeping the customer feel wanted and satisfied with their shopping. The surrounding community wants to feel compatible with Whole Foods facilities, products and service. And the distributors supplying the company's product need to know there Is a commitment from their customers.Whole Foods Market is a unique, organic food and natural product supermarket chain located in the US, Canada and ASK. As a wholly owned subsidiary, they are headquartered in Austin, Texas and employ approximately 64,200 people: 13,300 are part-time and 2,700 temporary employees (Denominator, 2012, p. 4). They have an increase in revenue in 2011 from the previous year of 12. 2%, an increase of 25% in operating profit and net profit increase of 42%. (â€Å"Event Brief of IQ , 2012 Whole Foods Market Earnings†, 2012).These figures are significant in recognizing the company's success in recovering from the recession which hit them In 2008. Presently, the organic food market Is fragmented with many small mom and pops which presents many opportunities for growth by Whole Foods. Fred Meyer, a discount chain, carri es an Increasing array of organic foods, but not the quality and quantity of their high end competitor. The company's strength is in its focused growth plan. â€Å"The new store openings has enabled it to grow at a compounded and annual growth rate of 26% during 1991-2011†. Denominator, 2012, p. 6). They have formalized their square footage for new and renovated stores by past analysis of their successes and allures. The expansion into the I-J market, in particular the 2007 acquisition of 80,000 square feet in London could be a major step into a market outside of the US. Sales have doubled and 66% of the British public consumes organic food and drink. (Live Business News, 2012, p. 3) Their weaknesses lay in lack of expansion into international operations, product recall of certain brands, and increasing rental costs.Recalls are an issue. They have had to withdraw Whole Foods Market Dairy Free bakery products because it contained milk which was not on the label. Texas had to c all cheddar cheese products because of an e-coli contamination and there was a possible Salmonella contamination for the Whole Foods, Carob Energy Nuggets in 2009. They have not been able to successfully expand into markets other than a few stores in Canada and the I-J. They have not been able to obtain competitive prices from their distributors for these stores because of the low volume.Whole Foods also has a weak advertising budget and relies heavily on Internet and word of mouth, a disadvantage when their competitors advertising strategies are expanded into other markets. (Live Business News, 2012, p. 7) Leases for space and equipment have increased significantly from 4. 8 million in 2004 to 201 million in 2007. Future growth could be impacted. The increasing demand for organic foods and the new emerging life styles of the American public appear as great opportunities for Whole Foods Market. â€Å"According to industry estimates, the sales of organic food increased three fold si nce 2000 to exceed $28. Billion in 2010† (Denominator, 2012 p. 7) With this increase in sales, the company is still the only chain catering and available to this market. They are continually expanding their product base to include such foods for customers with facial dietary needs. The trend of the American family is moving towards eating at home and eating healthy. Competition in the food retailing market is intense. Currently, Whole Foods does not experience significant competition in the organic food, natural products, and vitamin supplement area. But, as the demand and desire grow, so will the competition.

Applications of Integral Calculus

To find the moment of inertia, you find the area under, and also between the curve(s). An application in which integration is key to reaching the target value is a PAID Controller. The purpose of a PAID Controller is to determine the error between what is measured and what is expected. The â€Å"l† or integration part of the controller is the collected past errors. The actual integral is the total of the instantaneous error over time. All parts of the error are included, meaning duration and amount. Integral mathematics has much to do with the duration and amount of something.One major example Is population analysis. Population analysis Is a form of Integral math that Is applied for biology. The births In the present year rely on many things from previous years, most obviously the amount of births In the previous year. All things affect the population of the proceeding years. Since all variables intertwine with one another, they can be put into once common integral equation. T wo major variables in the equation would be the rates of fertility and survivorship. The average temperature for weather also uses integration.For example, the weatherman would note the average temperature for his time last year to show how much weather has fluctuated. How did he get an average temperature? He found it using integration. The weatherman would make a graph of the weather of math from this time last year, and create an integral to find the exact average value. He could then wait until he has collected enough information for this season this year and fled the average temperate of this season through Integration. With these two average values, he could compare the two for changes.When cars were first created, not much about them was efficient whatsoever. They may have delivered the driver from point A to point B more quickly than before cars, but like most new inventions, cars were greatly flawed. To fix these errors, manufacturers began crash testing for safety, which i nvolves physics. Using integration, a crash test analyst can first find average results for crashes with safety products as well as results without safety products. Then, with the separate averages he can compare the results to verify that the specific safety products are realistic to install into vehicles.Specifically, the severity index, which was aimed towards being able to determine the risk of an injury to the head, is calculated by using an integral. Severity Index is the Integral from zero to T of EDT. In the severity index integral, T represents the duration of the deceleration during the crash test and (a(t)) Is the deceleration at time (t). Though the Severity Index was a good calculation, something better was discovered. The Head Injury Criterion Is based on the average value of acceleration over the most important part of the deceleration.The new and Improved Integral Tutorial Tort ten nana Injury criterion represents ten maximum alee over the critical time period for th e integral expression. This method is much more realistic and is used to test things such as the safety of an airbag and even prove that stables do in-fact save lives. Integration is also used for finding displacement from velocity, and velocity from acceleration. Unlike a lot of other applications, in this situation you would use the indefinite integral for displacement and velocity. An integral is used to define these two things because integration is the opposite of differentiation.Consequently, to find displacement you would use the indefinite integral of velocity (v) EDT. Likewise, you would determine velocity by using the indefinite integral of acceleration (a) EDT. Integrals are also involved in biology. One integral is the Coulomb Field approximation. With this approximation, one calculates the Borne radius. Although it is acceptable, the Coulomb Field approximation is known to overestimate the Borne radii. Other methods of the Coulomb Field approximation have been demonstra ted by adding and subtracting certain areas of the equation. Using integration you can also find the average off moving sequence of numbers.This is commonly done with stocks. The numbers that â€Å"move† in the stock integral would be the day and the price. Along with integration being involved in the stock business, it is also involved in consumer surplus and producer surplus. Producer's surplus is the surplus money that the producer obtains from charging less than the selling price. Consumer's surplus is the difference between what consumers are willing to pay and what they do actually end up spending. Similar to the integrals dealing with extra money in consumerism and production, you can use integration to find the three different values of a continuous income stream.

Bipolar Disorder 2

Bipolar Disorder 2 Essay Bipolar affective disorder has been a mystery since the 16th century. History has shown that this disorder can appear in almost anyone. Even the great painter Vincent Van Gogh is believed to have had bipolar disorder. It is clear that in our society many people live with bipolar disorder; however, despite the amount of people suffering from it, we are still waiting for explanations for the causes and cure. The one fact of which we are aware is that bipolar disorder severely undermines its victims ability to obtain and maintain social and occupational success. Because bipolar disorder has such debilitating symptoms, it is important that we keep looking for explanations of its causes and for more ways to treat this disorder. Bipolar has a large variety of symptoms, divided in two categories. One is the manic episodes, the other is depressive. The depressive episodes are characterized by intense feelings of sadness and despair that can turn into feelings of hopelessness and helplessness. Some of the symptoms of a depressive episode include disturbances in sleep and appetite, loss of energy, feelings of worthlessness, guilt, difficulty thinking, indecision, and reoccurring thoughts of death and suicide. The manic episodes are characterized by elevated or irritable mood, increased energy, decreased need for sleep, poor judgment and insight, and often reckless or irresponsible behavior. These episodes may alternate with profound depressions characterized by a deep sadness, almost inability to move, hopelessness, and disturbances in appetite, sleep, problems with concentrations and driving. Bipolar affective disorder affects approximately one percent of the population (approximately three million people) in the United States. It occurs in both males and females.Bipolar disorder is diagnosed if an episode of mania occurs whether depression has been diagnosed or not. Most commonly, individuals with manic episodes do experience a period of depression. Symptoms include elated, excited, or irritable mood, hyperactivity, pressure of speech, flight of ideas, inflated self-esteem, decreased need for sleep, distractibility, and excessive involvement in reckless activities. As the National Depressive and Manic Depressive Association (MDMDA) has found out in their research, bipolar disorder can create marital and family disruptions, occupational setbacks, and financial disasters. Many times, bipolar patients report that the depressions are longer and increase in frequency as the person ages. Many timess bipolar states and psychotic states are misdiagnosed as schizophrenia. The onset of Bipolar disorder usually occurs between the ages of 20 and 30 years of age, with a second peak in the mid-forties for women. A typical bipolar patient may experience eight to ten episodes in their lifetime. However, those who have rapid cycling may experience more episodes of mania and depression that follow each other without a period of remission. The three stages of mania begin with hypomania, in which patients report that they are energetic, extroverted and assertive. Hypomania progresses into mania and the transition is marked by extreme loss of judgment. Often, euphoric grandiose characteristics are displayed, and paranoid or irritable characteristics begin. The third stage of mania is evident when the patient experiences paranoid delusions. Speech is generally rapid and hyperactive behavior sometimes turns into violence. Sometimes both manic and depressive symptoms occur at the same time. This is called a mixed episode. Those affected are at special risk because there is a combination of hopelessness, agitation, and anxiety that make them feel like they could jump out of their skin. Up to 50% of all patients with mania have a mixture of depressed moods. Patients report feeling dysphoric, depressed, and unhappy; yet, they have the energy associated with mania. Rapid cycling mania is another form of bipolar disorder. Mania may be present with four or more episodes within a 12 month period. Lithium has been the primary treatment of bipolar disorder since its introduction in the 1960s. Its main function is to stabilize the cycling characteristic of bipolar disorder. In four controlled studies by F. K. Goodwin and K. R. Jamison, the overall response rate for bipolar subjects treated with Lithium was 78% (1990). Lithium is also the primary drug used for long- term maintenance of bipolar disorder. In a .

The role of the Federal Government in Education Essay - 1

The role of the Federal Government in Education - Essay Example ESEA 1965 became part of a long history of over forty federal acts related to education through to the present (Kimmelman, 2006). While all of these acts were designed to improve the delivery of education, to ensure equitable educational opportunities and standardization, the more recent of them (No Child Left Behind) have aroused controversy. In essence, NCLB, among others, has been interpreted as federal intervention in state affairs. As this brief reflection will argue, however, the said intervention has the potential to be highly constructive insofar as it centralises the accountability factor. One of the fundamental roles of government is to provide for its citizenry, so that its citizens can provide for themselves and their families without being subsidized and risk becoming socially undesirable adults. In schools, principals and guidance counsellors tend to refer to this missive as preparing students, to become productive members of society. This focus continues to spawn various enactments of laws (Sunderman et al., 2005; Kimmelman, 2006). The Improving Americas Schools Act of 1994 (IASA) which reauthorized the Elementary and Secondary Education Act (ESEA) had a renewed focus which was supposed to change the delivery of education, encourage comprehensive school reform, upgrade instructional and professional development and promote accountability and coordinate resources to improve education to all children was not successful. Eight years after its reauthorization, on January 8, 2002, President George W. Bush, signed into law the No Child Left Behind Act (NCLB). This new law effectuates the Reauthorization of ESEA 1965 with a lifespan of six years. The federal government has now given states another six years to fix the damaged public school education system (Sunderman et al., 2005). As evidenced from the preceding, the primary focus of the described Acts is testing results. As Hess (2007) explains, NCLB emphasises the

Ethics in Business Research Paper Example | Topics and Well Written Essays - 3250 words

Ethics in Business - Research Paper Example I. Thesis Statement The main aim of the research paper is to investigate and analyze fundamentals of business ethics in light of ethical theories. The study of ethical theories provides guidance and support in solving ethical dilemmas and ethical issues emerging in business world. The thesis statement for the research paper is ‘to assess the fundamentals of business ethics in light of ethical theories and emerging ethical issues’ II. Fundamentals of Ethics There are primarily two fundamentals of business ethics-emphasis on concurrent solutions and ethical and Emphasis on concurrent solutions Business ethics emphasis on concurrent solutions through making use of ethical theories and judgments. The concurrent solutions form the fundamentals of business ethics as it resolves the situation in light of morally accepted ethical principles and values. The ethical theories have been propounded with the object of finding concurrent solutions of any ethical dilemma. The business e thics is an integrated phenomena aimed at evaluating the impact of ethical decisions on the society and as well as on business organizations (Jeurissen 55).This evaluation helps in fostering concurrent solutions suitable to the needs of both society and business organizations. Ethical decision making and reasoning Ethical decision making and reasoning are the most common fundamentals of business ethics. The ethical decision making framework and reasoning serve the basis of business ethics. It is due to reason that this framework evaluated the business situation in the light of morally accepted principles. This evaluation facilitates process of ethical decision making and testing whether such decision has the chances of applying or implementing in the business environment. The... The main aim of the research paper is to investigate and analyze fundamentals of business ethics in light of ethical theories. The study of ethical theories provides guidance and support in solving ethical dilemmas and ethical issues emerging in business world. The thesis statement for the research paper is ‘to assess the fundamentals of business ethics in light of ethical theories and emerging ethical issues’. The research paper emphasised on the thesis statement ‘‘to assess the fundamentals of business ethics in light of ethical theories and emerging ethical issues’ led to the conclusion that business ethics has been recognized and identified as one of the specialized branch of ethics. The business ethics throws light on the moral standards and applicability of such moral standards in the business organizations and behavior. Emphasis on concurrent solutions and ethical decision making and reasoning are the two identified fundamentals of business ethics. The fundamentals throw light on the emergence of ethical dilemmas and approach adopted by the business ethics in resolving such dilemma. The study of ethical theories also led to the conclusion that fundamentals of business ethics has been backed and supported by the ethical theories. The discussion of ethical issues regarding environment, international business and technology has led to the interpretation that business organizations need to take decisions and actions with the ultimate objective of welfare and development in the society. The business organizations are confronted with ethical issues at each and every aspect of their functioning. The ethical theories guides, directs and resolves such ethical issues to a wide extent.

Citizen Kane review Essay Example | Topics and Well Written Essays - 500 words

Citizen Kane review - Essay Example As he utters his last word, â€Å"Rosebud†, a journalist sets out on a journey of investigation to discover the meaning of Kane’s last word. It is through this exploration, including interviews with family members and associates, that we are told the life story of Kane, from childhood as a member of a poverty stricken family, through to his move into the newspaper industry as he develops a position of huge and influential power within the medium as his personal life disintegrates. One of the most innovative and important aspects of the movie is its narrative techniques, which I greatly admire. The story is told through a series of flashbacks, and not necessarily in chronological order. In addition to this, the story is entirely non-linear in that it is told through the perspective and points of view of multiple characters (Cook, 2004). Such characters include much older individuals who have different interpretations and opposing descriptions of the protagonist. This non-linear storytelling technique which incorporates multiple narrators, including unreliable narrators, was extremely innovative of the time. Though a few previous movies had attempted this to some degree, â€Å"Citizen Kane† exploited this technique and based the structure of the entire movie upon this strategy. This is an extremely effective device and very appropriate for this particular movie. Another aspect of the movie which has garnered much well deserved acclaim is the cinematography. Welles apparently attempted to create a new style of making films, by trying to combine several such techniques into one cohesive method. This resulted in many new and innovative aspects to the movies cinematography. For example, the director employed several low-angle shots and used deep focus extensively (Cook 96). This was extremely modern and new for the time period, as the limitations and typical settings of movies

Marriage and Ethnicity Essay Example | Topics and Well Written Essays - 1250 words

Marriage and Ethnicity - Essay Example A young, beautiful single female, is seeking a partnership between the ages of 26-32. Your culture is immaterial since I wouldn’t mind sharing experience from other cultures as well as getting to learn and integrate. He should be ready to raise a family. He should be about 5’5 tall. Have a muscular body, be handsome, generous and with a good sense of humor.He should be ready to settle in the southern part of the continent in the country of their choice. He should be kind, understanding loving and financially stable. Should not be so much bound to traditions; only the most important. Of great importance is that should be ready for a long lasting relationship.Dancing should be part of his hobbies to complement what I love doing most. A lady single from the Navajo community is seeking a partner. Age 20, he should be a good warrior. Should be able to fend for his family and lay food on the table on a daily basis despite all odds. He should have the ability to make jewelry as well as his own weapons that he would use for various purposes such as hunting and tending farms. In connection to that, he should be able to tend well to his farm and livestock and ensure a good harvest and proper storage for future use. He should be a man of respect always being the first greet his elders and in-laws especially if meeting for the first time. To prove that he can care for his family the man should have a history of successful leadership experience. He should be a good storyteller, as well as having good dancing skills. ... Age 20, he should be a good warrior. Should be able to fend for his family and lay food on the table on a daily basis despite all odds. He should have the ability to make jewellery as well as his own weapons that he would use for various purposes such as hunting and tending farms. In connection to that he should be able to tend well to his farm and livestock, and ensure good harvest and proper storage for future use. He should be a man of respect always being the first greet his elders and in-laws especially if meeting for the first time. To prove that he can care for his family the man should have a history of successful leadership experience. He should be a good story teller, as well as having good dancing skills. Being a member of the community council or hailing from an honourable and respected family would be an added advantage. After marriage we should settle on his parents’ home to raise a family. Marriage and the Social Aspect   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Betwe en a man and a woman marriage is considered as  the strongest bond in any relationship. Most people do not marry from their own clans and  therefore  when two people are getting into a union, each one of them is expectant of the other since they are from different cultures. The different aspects of their culture immediately manifest at the wedding where all the parties are involved a have a say to what they feel is a good wedding in line with their culture. Every Individual has different expectations and assumptions that are deeply rooted within them. They should  therefore  be brought out in the open and be discussed for the success of the marriage  (Michael, 1987). The cultural heritage possessed by an individual will form their views towards different

What are the strengths and limitations of the methods of 'political Essay

What are the strengths and limitations of the methods of 'political economy' in offering us insights into the operation of t - Essay Example Studies depict that the media units reach the reader through catchy information that propels the purchases and drives out competition. However, the act is often a tricky affair as the media may employ propaganda to enrich the information and reach the reader with the desired degree of perception (Skinner, 2005, p. 2). The context documents the theories and theorists on the limitations and strengths of the media in relevance to the political economy method and the general environment. The Political Economy Method Media channels release news to the environment meant to convey information on the actual outcome of events that affect the lives of individuals. In the competitive media industry, the channels shift concerns towards profitability rather than practice the right approaches to the environment through abiding by the code of conduct. For example, the readers do not expect that the information conveyed to them could be ill yet interesting, but on the other hand, it is a criterion a pproach that only catchy information would sale to the readers profitably (Mcchesney, 2008, p. 45). The practice implies a conflicting situation to the ethical code of conduct and the prevailing cultural values and the extent upon which the media practices further contrast with the will to deliver information and that of amassing profits (Plappert, 2010, p. 3). The media practices of the political economy method meant to derive the following set of views. The media industry depicted a continuous overflow in the market that threatened concentration, as this would normally implicate negative returns on revenues. The media depicted that globalization pursued the industry and based on the decreased diversity, chances were that the international audience would tend to react towards information in a similar manner (Wasko, Murdock and Sousa, 2011, p. 24). Prospects were that the method would hinder any negative influence from the opposition and other groups that would perceive a chance to indict charges towards the media practices. According to the team on political economy, Raymond established that the media and the public established different interests, but the extent to which the public would affect the media, was dependent on private interests of the media stakeholders (Winseck and Jin, 2011, p. 76). The Problem Approach of the ‘Political Economy’ Method in Relation to the Media The method of political economy in relation to the actual consciousness of the society through media communication raised a heated debate in the 1970s. The theorists of the political economy approach outlined the importance of the method and that it enhanced the welfare of the individual society members negatively. In a way, the media would articulate communicative programs to monetary related objectives and ensure that the public felt the salient role of the information in the society (Wasko, Murdock and Sousa, 2011, p. 28). The media would evolve accordingly through the pr ocesses and programs that related inversely to the economic propulsion but ethnically contrasted with societal beliefs and norms. The theory of ‘political economy,’ as initially indicated by Marx and Engels, targeted to realize ethics alongside economic values. This would further imply the aspect of consciousness towards the society. The contrast is that towards the end of implementation of the theory, the result was a positive economic approach to the business culture with less relation to the societal welfare, thus