See Below. I also have a Word Document which has research notes Essay

See Below. I additionally have a Word Document which has research notes - Essay Example A beneficial diversion, on the off chance that it remains along these lines, normally will turn into a business. This doesn't imply that a business ought to consistently make huge pay and keep on keeping up the graceful quite a long time after year. Misfortunes are allowed in each business; however they as a rule achieve the type of a consistent stream where misfortunes the benefit are consolidated. Business isn't totally limited by deals, benefit or time period; all things considered, the underlying acknowledgment of the movement as a business matter a great deal for the citizen and this acknowledgment is guided by the business rationale of making benefit, despite the fact that it regularly neglects to arrive at the desires. In actuality, a side interest need not show any benefit and can stay a wellspring of delight, diversion and fun. Side interest contacts the innovative and creative mind of the individual, while business is associated with the dry budgetary gratification1. In a s ide interest, the individual isn't liable to anybody, since it's anything but a benefit making adventure. While business is any calling, exchange, production, or undertaking carried on for monetary benefit, hobb is an action led principally for private joy or amusement. http://www.mcleanandco.co.nz/Page115.htm Coming back to your pony ranch, if misfortunes are proceeding with consistently, past a specific business rationale, it isn't unnatural that IRS, in the wake of reviewing, set it under the classification of Hobbies. Talking from the money related/charge perspective, any desire for deducting the costs would stop here, while the endeavor stays a costly and inventive action of self-satisfaction2. Our recommendation is that as opposed to battling the case now, it is reasonable to sit tight for the last assurance letter and afterward, outfitted with all the classified data, you can begin noting the focuses to restore the business angle3. At this moment, it is hard to understand the grounds on which the categorisation is done, in spite of the fact that we can figure; rather, it will be far simpler for you to answer the categorisation. To do as such, you, as a businessperson ought to have the option to show the business way and the persuading trust regarding achieving such an objective, which will carry the homestead into the business-crease. Twenty ponies that you keep up on fifty sections of land of land, and the time that you spend on this ranch, particularly since your home involves three sections of land of the whole land ought not be very trouble to contend that they all fall under the business class. Not having any benefit over the most recent six years, and your explanation that you spend just a fourth of your time on the homestead, would normally lead IRS to rule for pastime, denying the undeniable business status4. In our counter-contention, we will commandingly contend that recruited hands were ceaselessly chipping away at the ranch in your nonappearance and thinking about the circumstance of your home in the homestead, you have invested considerably more energy than a fourth of it, since you lived on th e homestead and took care of the homestead obligations whenever as indicated by the need and this incorporates the crisis, ailment, clinical consideration and so forth that you may have gone to during the evenings and this contention is entirely satisfactory, as IRS realizes that domesticated animals need consideration past working hours. From the benefit making point, it must be contended that benefit was illusive every one of these years, in light of the fact that the ponies were youthful and were at the developing stage. Just now, they have begun delivering colts and

Reconstruction and African Americans from 1865-1900

Remaking and African Americans from 1865-1900 From 1865 to 1900, Reconstruction was intended to help change the lives of African Americas. Notwithstanding, as a result of partiality, Reconstruction didn’t go on to the extent it could have. Remaking attempted to convey its vows to African Americans while fighting an oppressive white America. This is seen socially, through social equality, and strategically, through Jim Crow Laws and casting a ballot. Concerning social guarantees, Reconstruction rolled out surprising improvements for African Americans; this is apparent in papers and the Civil Rights Act of 1875.White Americans were getting increasingly thoughtful to the necessities of African Americans, or if nothing else white columnists were. Papers started to print stories and pictures made to attract compassion to the dark man and outrage towards the KKK, for example, in Harper’s Weekly’s â€Å"One Less Vote† (Doc A, F). The Civil Rights Act of 1875 perm itted every resident fairness, no more isolation in lodgings, cafés, open theaters, and so forth , yet it wasn’t followed by everybody. Entrepreneurs were not willing to de-isolate, and the ones who were willing lost white business.White people stayed one-sided, making it unimaginable for African Americans to have fairness. White inclination didn’t prevent the American government from making political move to ensure African Americans. The fourteenth and fifteenth Amendments endeavored to stop separation; the fourteenth Amendment gave security of benefits for blacks and the fifteenth Amendment gave them the option to cast a ballot. Due to changes, African Americans were legitimately permitted to cast a ballot. This acquired festival African American people group, presently they could have political impact. In any case, mostly in the South, blacks were undermined and even slaughtered for going to vote.Opposing government changes, for example, the Amendments, was the Dee p South. The Jim Crow Laws were passed; by isolation, restricting individuals to try and discussion about correspondence, and between racial marriage, equity was prohibited. Socially there was more acknowledgment. Politically there was more opportunity. Reproduction alleviated a significant number of the African Americans’ troubles. Generally, Reconstruction during 1865 to 1900 could have gone a lot farther. On the off chance that it were not for the antagonistic vibe communicated towards the fairness of the races, Reconstruction could have immediately given the blacks their opportunities.

Eliezer’s Relationship with God in Night

Holding tight: The Description of Eliezer's Relationship with God in Night World War II breaks out in Europe during the finish of the 1930s. Adolph Hitler dives Germany into obscurity while rapidly moving to take over circumscribing nations with his military of Nazis. Eliezer, a kid close to 15 years of age, lives in Hungary, which is hazardously near Germany. Alongside numerous different Jews, Eliezer is extradited from his home and into a universe of incredible fear. Night is a diary of those encounters and, all the more significantly, an unmistakable update that these occasions ought to never be permitted to rehash themselves.The Holocaust presents one of the most upsetting philosophical predicaments of the twentieth century. As an overcomer of the Holocaust, Elie Wiesel needs to rethink God in his reality. He does as such through his compositions, in which he addresses God and lets us know of the appropriate responses, or absence of answers, that he gets. In Night, writer Elie Wi esel expounds on his dedication as a kid, strict observances, and outrage towards God to uncover how he is as yet an adherent to the Jewish confidence in spite of all that transpire. Auschwitz, Buchenwald, and Treblinka are only a couple of the names which inspire bad dreams of the Holocaust.The enduring and passing at these and other inhumane imprisonments were more prominent than any before persevered. Before the Holocaust he had been one of the most dedicated Jewish youngsters. The Holocaust made a void in the spirits of a large number of the individuals who endure. Elie Wiesel was one of those individuals. Before the Holocaust he had been one of the most passionate Jewish kids. Up until the end he trusted that God will mediate in Biblical style. At the point when that mediation was not approaching, he started to question in God and in His kindness. He started to blame God for brutality against his people.After the torment was finished, he needed to reexamine the job of God in hi s life. He could be pardoning of God and permit Him one more opportunity, the same number of he had seen had done. Or then again he could assume the job of God to himself and attempt to characterize his own predetermination. To manage this, Wiesel needs to address God and himself. He does as such through his composition. Elie Wiesel recounts to his awful story of his detainment in Nazi Germany. He defeated the chances with his quality and will to live. Elie was advised by his dad to never lose his confidence of his religion it would help him through everything, and keep him strong.One ought to never lose confidence or whatever directing power that may prop them up. This confidence was the main power that encouraged Elie to endure, and without this confidence Elie would have unquestionably surrendered to passing on. The inquiry currently is the means by which far does Elie’s confidence in God and in his own confidence causes him to go on. He gets numerous answers, however none are good. Wiesel thought of God previously and during the Holocaust as both the defender and punisher of the Jewish individuals. Whatever had occurred previously, he had confidence that it was for their acceptable, or one of God's more prominent plans.Either way, he would acknowledge God's will without addressing. At the point when bits of gossip about the Nazis' violations initially arrived at a portion of the remote Jewish towns, similar to Wiesel's Sighet, nobody trusted them. The town felt that God was with them and would shield them from anything as terrible as what these bits of gossip proposed. They had a sense of security and secure in their confidence. â€Å"And we, the Jews of Sighet, were hanging tight for more promising times, which would not be long in coming now†(17). Other people who didn't feel remorseful accepted that God in any event had a valid justification for rebuffing the Jews. They figured it must be a test. God is trying us. He needs to see if we can rule our base senses and slaughter the Satan inside us. We reserve no privilege to surrender. Furthermore, on the off chance that he rebuffs us persistently, it's an indication that he cherishes every one of us the more†(53). Confidence deferred the insurgency that may have emitted in the camps. The more youthful individuals felt it is smarter to pass on battling than to go like sheep to the butcher. They had blades and a solid will. Be that as it may, their older folks reminded them, â€Å"You should never lose confidence, in any event, when the blade hangs over your head. That is the instructing of our sages†¦ †(40).As long as the seniors were happy to acknowledge God's will, the more youthful individuals were eager to regard their confidence. They despite everything had confidence that God had a more noteworthy reason as a main priority, and however they restricted misery, they would endure proudly that they are a piece of God's arrangement. Thus Wiesel and his town were influenced without episode into the camps, accepting that if their confidence suffered, they would be spared. Before long the fancies blurred and Wiesel started to question God. It was difficult for Wiesel to question in God, or he would not have clutched his confidence with such tenacity.But at some point or another, the appearing inaneness of the enduring his kin suffered needed to blast into the cognizance of his apparently dauntless Jewish confidence. Even with the crematory pit, Elie Wiesel noted, â€Å"For the first occasion when I felt revolt ascend in me. For what reason would it be advisable for me to favor His name? The Eternal, Lord of the Universe, the All-Powerful and Terrible, was quiet. What had I to express gratitude toward Him for? †(42). He got up to the possibility that he was â€Å"alone-awfully alone in a world without God†¦ †(75). Absence of confidence went rapidly to surrender. In the event that God wouldn't spare His kids, who mi ght? Nobody accepted the bits of gossip about harmony and safety.In the medical clinic at Auschwitz, Wiesel met a man overwhelmed by this sort of hopelessness. He stated, €Å"i have more confidence in Hitler than in any other individual. He's the one in particular who's stayed faithful to his obligations, every one of his guarantees, to the Jewish individuals. †(87). All around Wiesel, the quantity of unwavering were dropping. As hard as they attempted to hang tight, Wiesel's kin were thinking that its difficult to put stock in God and what He was permitting to occur. Others, similar to Wiesel, were given the weight of conveying the inquiries with them, never to be replied. At the hanging of the heavenly attendant confronted pipel, Wiesel had an answer, when somebody asked, † ‘Where is God now? Also, I heard a voice inside me answer him: ‘Where right? Here He will be He is hanging here on this gallows†¦ ‘ †(72). God kicked the bucket for t he youngster Wiesel at that point. The pulverization of his confidence in the God of his adolescence was finished. No longer did his name bring cries of recognition from Wiesel. God appeared to be dishonorable even with His admirers to acknowledge their love. Wiesel can't deny God His due. In the event that anything he can examine it and feel furious concerning it. He can even attempt to transform it, by reexamining God's job on the planet. That is the thing that a significant number of those he experienced did once they got over the underlying anger.Any answer can't emerge out of man, however from God himself. This is the thing that Moshe the Beadle had attempted to reveal to Wiesel when he was a little fellow in Sighet, before the dread of the Holocaust annihilated his life. Moshe stated, â€Å"Man raises himself toward God by the inquiries he pose Him†¦ That is the genuine exchange. Man addresses God and God answers. Be that as it may, we don't comprehend His answers. We ca n't get them. Since they originate from the profundities of the spirit, and they remain there til' the very end. You will locate the genuine answers, Eliezer, just inside yourself! †(15). There can be no limit to the scrutinizing, regardless of whether there are no answers.In perusing crafted by Elie Wiesel, I needed to ask God a portion of similar inquiries that he did. The tempest of feeling followed the ways of outrage and despair, lastly finished with the acknowledgment that Elie Wiesel finds. God isn't anything but difficult to make sense of, and he never will be. With all our insight, we can't speculate his explanations behind busy. I will wonder constantly what occurred, and, all the more significantly, why, however I will rest discreetly, as long as when I wake I watch to see that there isn't another Holocaust, and I implore God that whatever the explanations behind the first, there never will be a second.The Holocaust introduced a call to individuals wherever to recon sider the job of God in their lives. The torment and enduring that we know occurred is in dull differentiation to what we would have thought conceivable within the sight of our God, and any individual who interacts with these repulsions will be perpetually shaken in his current confidence. Some have responded with outrage toward God, others with refusal. Still others responded with question of all that God had implied previously. In any case, by posing inquiries, some have developed to discover that God never did things the manner in which individuals anticipate that Him should, and that reality turns into the foundation of the new beginning to their theology.God doesn't respond to questions except if they suit His motivations. This is the thing that we have gained from Auschwitz and from the compositions of Elie Wiesel. We should keep on posing inquiries, keep on testing God, until, at some point, He Himself will offer us the responses. What's more, up to that point we ought to nev er have a sense of safety in confidence as to believe that Auschwitz would never happen again. We should make sure, through our activities, that it will never happen again and to never lose the confidence that has been given to God.

The Strange Case of Dr. Jekyll and Mr. Hyde by R. L. Stevenson Essay Example for Free

The Strange Case of Dr. Jekyll and Mr. Hyde by R. L. Stevenson Essay While Stevensons Jekyll and Hyde is an impression of the occasions where it is set in, it additionally has significant pertinence for the cutting edge peruser. Do you concur? The Strange Case of Dr. Jekyll and Mr. Hyde by R. L. Stevenson was first distributed in 1886, during the Victorian period. The epic gives the peruser an extremely distinctive image of the thoughts and ways of life of the individuals in that time. The book is an impression of times and has extensive importance for the advanced peruser. I somewhat concur with the way that the book has importance for the cutting edge peruser. Stevensons principle motivation for The abnormal instance of Dr. Jekyll and Mr. Hyde originated from the life of Deacon William Brodie. He moved effectively among the upper class during the day and magnified in criminal adventures around evening time. He was a regarded individual from the Town Council, and his gifts as a bureau creator were notable and increased in value by well off citizenry. Around evening time he meandered the dull and risky lanes of Edinburgh. He much of the time visited many betting and prostitute houses. His life was one of incredible enthusiasm at that point, particularly after his catch. The enthusiasm for Brodies life even motivated Stevenson to compose a play about his life, this identifies with the expanding enthusiasm for awfulness stories in todays world. The riddle of his passing despite everything waits, while enthusiasm about his life keeps on developing. In 1859, a book approached the Origin of Species by Charles Darwin was distributed. The book embedded into the brains of the Victorian individuals that man had developed from primates. Consequently we see the successive references to Mr. Hydes creature attributes all through the book. The creator makes Mr. Hyde appear to be not exactly a completely developed man, more much the same as creatures than the remainder of humanity and he depicts this through the symbolism of Mr. Hydes animalism. At the point when Mr. Utterson first goes up against him outside the lab access to Dr. Jekylls house, he is supposed to be taking in breath with a murmuring sound, similar to that of a snake being cornered. Poole, Dr. Jekylls head servant, portrays his cry like that of a rodent and his developments like a monkey; his shouts are depicted as simple creature dread. In his Full Statement of the Case Dr. Jekyll says that his liberal life which was fastened, started to snarl, much the same as a creature that has been bound for quite a while. He likewise says that his double character resembles the creature inside me licking the hacks of memory. The Victorian perusers would be acquainted with these portrayals of individuals. In any case, an advanced peruser wouldnt concur with the way that man had developed from gorillas as science has demonstrated that isnt so. Be that as it may, we do see the creature in man assuming control over our activities, as we have seen the barbaric treatment conveyed to officers by their individual troopers in the World Wars. Self destruction aircraft and fear monger assaults also are present day activities portraying the monster in man assuming control over the human character. The Strange Case of Dr. Jekyll and Mr. Hyde likewise mirrors the lip service of the Victorian time. Being a MP, his demise would have excited a great deal of interest among the individuals. By helping Mr. Utterson, Inspector Newmans name would be made mainstream, particularly in the event that he found the crook. Consequently while he needed assistance carry the MPs killer to equity, he was additionally improving his expert name. This mentality reflects human instinct. Each individual has a detestable side to their tendency, Mr. Hyde uncovers this side of our inclination to society. By needing to slaughter him, Poole, Mr. Utterson and the dad of the young lady who was stomped on upon, were unwittingly dismissing and executing a piece of their actual selves; and are unknowingly liable of false reverence. This type of deception is as yet basic today, where individuals realize that they are doing isn't right yet decide to deny the reality and proceed with their activities. These men realized that there was a shrewd side to their temperament yet decide to overlook the reality. The topic of false reverence is found in the servant that Dr. Jekyll had utilized in the Soho house, which was to be Mr. Hydes home, as she was known to be quiet. Be that as it may, when Mr. Utterson and Inspector Newman show up after the homicide of Sir Danvers to review the house, she appears to be enchanted with the way that her lord is in a tough situation, A blaze of euphoria showed up upon the womans face.. Dr. Jekyll is probably the best case of pietism in the book, as he neglects to acknowledge that the malevolent side of his tendency was a characteristic piece of his character; this refusal prompted his emergency. He likewise had two countenances or rather wore an open cover, which depicted him as a truly beneficent and kind man. While in private he was submitting murder and stomping all over little youngsters for reasons unknown. We also are liable of pietism. We use individuals who are more vulnerable than us to our advantage; here and there our disavowal of specific realities causes us also to be blameworthy of pietism, and now and again can prompt our disfigurement. Stevensons book takes a gander at the duality of human instinct, the great and underhandedness sides which are inside us all. The creator is dissecting the results of underlining a lot of some side of our tendency. The topic of duality in keeps an eye on nature is overwhelming in the novel. The subject is an exceptionally ground-breaking portrayal of the nineteenth century inconsistency of outward decency and internal desire, it likewise assumed a significant job in the creators life. We see the topic being portrayed in Dr. Jekylls endeavors in isolating the two components of a people nature. This topic is chiefly found in the characters of Dr. Jekyll and Mr. Hyde, Dr. Jekylls open picture was one of a regarded doctor and physicist, somebody who was regarded by everybody he interacted with. He was naturally introduced to a prosperous family and consequently had decent training. He would likewise take care of business of high thoughtfulness and with great taste. In the event that Dr. Jekyll was to release his malevolent side, individuals would have been shocked with his conduct, as there was a sure level of conduct that must be kept up among high positioning citizenry, such as himself. So as to stay away from this defacing, he made Mr. Hyde. When released Mr. Hyde perpetrated some extremely malevolent wrongdoings. The creator gives us subtleties of just two of these occurrences. The principal, where he stomped on over a young lady for reasons unknown and left. Leaving her injured and powerless in the city. The second, the homicide of Sir Danvers Carew. The subject of duality in a people character, is all inclusive. Individuals are continually attempting to conceal their actual selves out of dread that they may not get acknowledged into society, since people groups singularity isnt regarded. Individuals are required to be much the same as another person. The pictures of the road that Dr. Jekyll lived on additionally add to the topic of duality. The road is portrayed to have newly painted shades, very much cleaned brasses and general neatness and jollity of note, in a flash got and satisfied the attention of the traveler. Two entryways from one corner, on the left hand going east, the line was broken by the section of a court; and exactly by then, a vile square of building push forward its peak in the city. The structure is said to have no window, only an entryway on the lower story and a visually impaired brow of stained divider on the upper.. The culpable segment of the road is the passage that Mr. Hyde utilized, while Dr. Jekyll utilized the primary square passageway. Today too roads have two natures. In the day it might be a road with flourishing exchange, however when obscurity falls the exchange becomes demonstrations of wrongdoing. The absence of a main leady in the novel speaks to the male predominant Victorian culture. This appears differently in relation to todays society, where the womans spot and job is gradually ascending from that of the home producer, to assuming a job as significant as that of the male. In the Victorian time the lady was just expected to have a family. As an individual from the privileged then she would enjoy her interests for the greater part of the day. Or then again as an individual from the lower class she would hold the situation of house cleaner hireling in the place of an individual from the high society. This thought compares with the advanced thought of the womans place in the public arena. Today ladies have made sure about situations in all fields of life. The advanced peruser will be extremely acquainted with the possibility that concealment prompts viciousness. We see this thought being depicted in the novel too. R. L. Stevenson likewise utilizes symbolism to delineate this thought and help the peruser envision the message he is attempting to pass on. We are informed that all the windows in Dr. Jekylls house have iron bars on them. These are images of his self detainment. His enthusiasm for flighty science, prompted his dear companion Dr. Lanyon to cut off their expert association to end, and made their neighborly bond float further. The Victorian societys limitations, that is the sure degree of conduct that an individual from a prosperous family needed to keep up consistently; and Dr. Jekylls sentiments of detainment spurred his perilous investigations to make Mr. Hyde, or a detestable twin as it would be known in present day days. When Dr. Jekyll keeps himself from transforming himself into Mr. Hyde, the aftereffect of the concealment was his killing Sir Danvers Carew. His refusal of the way that a people detestable side can't be isolated from their character, his trials which indicated that the two components a be isolated, and his ineffective endeavors of keeping himself from taking the medication to change into Mr. Hyde causes his inevitable annihilation. The enthusiasm for life systems and synthetic substances is additionally regular in present day times. The man who claimed Dr. Jekylls house before him was a specialist. Consequently the nearness of the research center. Dr. Jekyll was a scientist by calling, and his activity was identified with the human body. He needed to demonstrate that man isn't genuinely one, however two. He needed to isolate the two components, and house them in various personalities and assuaging the universe of the terrible. This thought is like that in Mary Shellys Frankenstein; that is man playing God. This is an extremely normal thought tod

Bank One Financial Case Study Sample

Bank One Financial Case Study Sample Bank One Financial Case Study Aug 13, 2019 in Case Studies Introduction Bank One has been an asset and liability management company operating in the United States giving out loans and funding mortgage to its customers across the wide divide. It is headquartered in Columbus, Ohio with regional presence in 12 states. The bank operated with $76.5 billion in assets, which made it the eighth largest bank in the US and the largest holding bank in Ohio. The bank had 78 affiliates operating as subsidiaries and other 10 non-banking organizations in its business operations. The strategy of the company was to concentrate on the retail markets and the middle-market commercial customers; enhancing customer service and managing the affiliates using technology, and acquisition of new profit-making banks. How did Bank One Manage Interest Rate risks? Cite and Briefly Explain one of the Examples given in the Case Bank One had interests in the investment of the derivatives where it had taken more than the required amount with cases of overstating its margins and return on assets by 1.31% and 0.20% respectively. The Bank also was creating a decline in its tangible equity-to-asset ratio by 1.55% after adjustments were done. It had continued to grow its derivative portfolio risks with an increase from $23.4 billion to $31.5 billion within one quarter in its notional principal. The bank had a policy of acquiring other holding banks while maintaining their operations to add into its assets thus managing the interest rates. The bank had to match the asset maturity with its liabilities to control the interest rates (Esty, Turano Headley, 2008, p.4). The bank had used the tactic of matching the interest rates with the contractual maturity of its financial commitments for over 24 years thus balancing the assets, and the liabilities ensured the interest rate was maintained. Keeping enough funds in liqu id investments for quick reaction to cash demands, controlling exposed interest rates and earnings from swings, and controlling the banks capital when achieving its targets ensured the banks interests rates were in control. Measuring maturity gap was also used to detect and predict interest rates growing. Chat now Order now What are the Regulations that Affected Bank One Capital Requirements? The Tax Reform Act passed in 1986 had effect on the performance of financial institutions including Bank One. The tax reform enables the banks to scrap the deductions used as expenses on interests while financing municipal bond investment. There is the office of the US Comptroller of the currency that hives guidelines and regulations to national banks. The comptroller issued directives for swaps and other financial strategies used by the national banks. Another controlling body was the Financial Accounting Standards Board (FASB) that required minimal disclosure of the Banks swap portfolio as they acted like off-balance-sheet properties. Bank One had voluntarily disclosed the swap portfolios against the FASB regulation. The Case Mentions Risk-adjusted Capital Requirements for Different Categories of Assets with Different Weights based on their risk. Do you think those are Justified? Yes, they are justified as different assets may require different conditions in their financing. As quoted on page 5, Bank Ones basic portfolios were asset sensitive apart from its balance sheet. This indicated that changes in the asset dealing could translate to huge changes in financial gains or losses. Since most of the assets were indexed to the prime rate, any change on the Interest rate could bring large changes due to its sensitivity. To factor in the small changes, the risk-adjustment capital requirements had to be tailor-made to fit the situation. The use of simulations to cater for interest changes advocated for different risk-adjusted capital requirements. The difference in maturity of the assets and the liabilities called for the maturity gap analysis, which ensured that the interest margin is maintained, and therefore, the margin of earnings made secure from the transactions. There were advantages that Bank One had by using swap system for financial liabilities and asset s. This enabled more and improved banks liquidity; the financial statements would appear convincing as the swap application would feature on the income statement but not on the balance sheet. How did Bank One avoid Capital Requirements? Bank One reduced the need of capital to further their objectives by adopting swap application. Swap, against the other conventional securities investments, reduces the amount needed to invest while meeting a set objective. The capital requirements arose from international agreement held at Basel referred to as Basel Accord, which had been signed by national and international bankers. Since swaps were off-the balance sheet transactions, the bank would use the swap money to invest and achieve its objectives while maintaining the required regulatory standards. The bank was also secured by using the swap money after meeting the deadlines set by the US banking regulations. The bank was comfortable with using swap, which resembled floating-rate capital. By adjusting the characteristics of the balancing assets, Bank One had the possibilities of matching the existing assets with the liabilities thus getting enough capital for investment. Another way to avoid capital requirement was to use de rivatives and investments as substitutes for each other. For instance, selling floating-rate investment to earn or increase the share of fixed-return investments for other investments. The bank could also use the proceedings from other businesses to buy a three-year fixed-rate treasury bonds. Such action would leave the net flow at zero but with increased relative magnitude in the banks fixed-rate portfolio. Swap has been used as a tool for risk management with control of interest rates. Briefly Discuss Some of the Risks, as per the Case, Bank One Faced The risks set with the increased swap investments that are above the normal set standard. With higher off-balance sheet investments, any drastic change in the interest rates for both the assets and liabilities can bring huge changes in marginal returns. The bank also risks the falling of rates with more investment in the volatile derivatives that can bring effects of declining tangible equity-to-asset ratio that can lead to sensitive changes affecting operations of the company. Are Derivatives Better for Bank Management? Discuss the Topic Such derivatives as swap, CMOs (collateral mortgage obligation) and AIRS (Amortizing interest rate swaps) have been used in the financial sector to improve financial standings. Swap, for instance, provides many benefits for banking investments where the banks can increase their fixed-rate investments while not affecting their balance sheet. The derivatives have been supported by government and other financial institutions but with limited use. Another derivative, MBSs (mortgage-backed securities) that provides lower than expected after-tax yield has been used to replace municipal bonds and other non-responsive financial investments. If managed with regulations, the swap can help improve financial performance of banks. The case is compromised when imbalances in the invested assets and the liabilities do not match especially when they are based on the prime rates. Why do you think Bank One Stock Price Matters for its Acquisition of other Banks? It matters since the asset and the adopted capital should be used to generate more money and make the bank strong. The Stock price affects the public image where customers are sensitive lot who can forecast the changes in earnings per share and the interests. The changes lead to great changes including massive migration of customers. Dissatisfying stock performances create unstable market forces for the company thus harmonizing the new acquisitions with the Bank Ones stock prices is best to control any big marginal changes. Looking for custom case study? Then Writessay.org would be the best choice for you as it provides quality custom case study help for students.

Code of Ethics Organzations Mission, Values, and Goals - Free Essay Example

This document also sets forth guidelines as to how the organzation expects employees to conduct themselves when dealing with patrons, co-workers, and management. This code, also sets standards according to which the profession can be held accountable for the conduct of its members (Soskolne, 1989). In the health care field, there is no set regulatory authority that governs medical ethics. However, professional groups, hospitals, and certifying/accrediting boards have empahsized the importance of ethical principles through their own mission statements and procedures (Gabel, 2011). For the health care institutions to achieve the desired health related goals, they have to ensure that there are ethical practices within the system. The need for ethical practices in health care calls for an organizational code of ethics. While the need for ethical practices has been expressed at different levels of health care, many cases of unethical practices that compromise healthcare have been reported. An institutional code of ethics is fundamental to quality health care in health institutions. This code, not only sets the table for quality health care, but it also serves as a guideline for patient interactions and service measures. Standardization is the key in the health care environment, which is why the American Medical Association has ensured there is the code of ethics in the healthcare system. When you think about the term ethical, it goes well beyond just practices and moral principles and policies, but also serves social implications as well. A code of ethics is all encompassing and covers everyone that works within the health care facility. Any violation of the standards set forth is considered to be unethical conduct and dealt with promptly. In addition to the organizational standards set forth, most medical professionals submit to their own personal code of ethics which usually mirror the organizational standards. Hospitals often operate under particular code of ethics that are made up and derived from organizational goals and outcomes. At the Skyline Medical Center, in Nashville, TN, the code of ethics aims at improving patient outcome by respecting the rights of the patients. These goals are met by ensuring quality patient care and maintaining positive working relationships. I personally worked for this facility and can honestly say that the code of ethics are not just words on paper at this facility. Each morning the nursing directors hold a morning huddle, prior to the meeting the staff recites the mission statement and code of ethics. Additionally, they will nominate an ICARE award winner. The hospital recognizes its ethical responsibility to the law, careful consideration of the patients values and preferences, and to inform patients of their responsibilities in healthcare process. Some facilities, such as Baptist Hospital choose to combine both compliance and ethical policies. Its code of ethics seeks to foster the culture of accountability, integrity, and ethical conduct. The code of ethics requires that everyone in the institution to maintain ethical and transparent healthcare practices. A study by McCullough (2005) places an emphasis on the role of physician leaders in the implementation of ethical practices through preventive measures. McCullough identified that there is the need for management to respond to ethical conflicts rapidly and effectively in the event that an ethical situation has occurred. However, if the situation develops over a long period without the knowledge of the physician executives, there can be a tremendous and sometimes irreversible damage to the culture of the health institution. Therefore, it is vital for management to become proactive rather than reactive to unethical practices in the healthcare situations (McCullough, 2005). A literature search was useful for this study because of the many available studies on code of ethics and the impact on the quality of healthcare. The study used literature review to determine the crucial role of institutional code of ethics in helping the health professionals to deliver quality services. Several forms of materials are used in this review such as institutional reports, research study reports, and publications on code of ethics within the context of healthcare the method is less expensive for collecting information, and it yields a lot of data in a given area of concern (Limentani, 1998). Although the American Medical Association (AMA) has set the tone for medical ethics, there is not a set governing body which monitors medical ethics in the United States. However, there are common themes amongst many organizations ethical policies. First and foremost is the integrity of the profession. In order to gain and maintain patients trust, all healthcare professionals must act with the utmost sense of integrity and professionalism. Maintaining and developing competence is also of utmost importance. Having the ability to correctly diagnose and treat patients in todays ever-changing health care world is crucial. Some other more common ethical principles include, the patient having the right to information from the physicians and to discuss the benefits, consequences, and the costs of the alternative treatments. The patient has the right to respect, dignity, courtesy, timely attention, and responsiveness to their individual needs. All of these principles can be found in most eve ry medical facilities ethical policies and procedures. Within a healthcare facility, it should not be certain groups or individuals that are expected to follow the organizations ethical policy. As a member of the team, regardless of your role in patient care it is expected that you place the patients needs, safety, and security at the forefront. Everyone in the facility has access to a patients personally identifiable information, the physicians, nurses, and clinical staff all have access to the electronic medical records. However, environmental services staff have access to the patients room which can and often times does contain medical information. Dietary staff often has access to certain diagnosis and personal information. For these reasons it is an organizational code of ethics that the entire facility is held accountable to. I would place heavy emphasis on the consent, communication decision-making process of medical ethics. Having a well-informed patient that has not only been given all the information in regard to their health but understands what the possible outcomes might be should be foremost in every healthcare professionals mind. I also believe that privacy and confidentiality of medical records should be of utmost importance. Our patients come to us typically on their worst days, the last thing they should worry about is whether their personal information is safe. Honestly these should not even be ethical policies, they are simply the right thing to do it should just go without saying. There is no doubt there would not be an effective healthcare system if there were no code of ethics for healthcare professionals to fall back and relay upon. Code of ethics in the healthcare sector enables employees to practice and respectful treat clients by defining a strong standard of ethical behavior that th ey must maintain.

Evergreen Health And Health Access Team Essay - 1600 Words

Evergreen Health has dedicated its time to healthcare quality, safety, and cost-efficiency while maintaining a healthy and productive community. Evergreen Health has a significant influence on patients, to be treated respectfully through their mission and values. Evergreen Hospital values its patients with respectful treatment, privacy, and care—a. At the same time providing excellence in care and cost efficiency., This proved to be helpful because they were rated among the top 5% hospitals in the nation. The Community Health Access Team (CHAT) is working with many charities and with diverse religious affiliations. These inclusive connections with different branches are a positive aspect for Evergreen Hospital. Their bonds with various cultural, educational, religious, and charitable organizations are a positive aspect of the organization. Evergreen Health has made every effort to maintain good relationships with their local communities by establishing a clear mission statement and adhering to their visions and values. The Stakeholders of Evergreen Health are members of the community. Evergreen is a Public Hospital, meaning that the community has voted to use levy funds to finance the facilities and operations. Other stakeholders include the providers, as well as other staff of Evergreen Health, as the facilities contribute to their liveliehoods as well as their overall wellbeing. A successful business is built upon a strong structure. Evergreen Hospital is aShow MoreRelatedEvergreen s Health Leaders ( Ceo ) Essay1493 Words   |  6 PagesEvergreen’s Health leaders (CEO) has many qualities and has higher education backgrounds to lead their Health Care Organizations. They are also cooperating with different partnerships to assemble and organize ways to improve on their quality of care and hospitality. The implementation of Evergreen’s technology has surpassed other hospital leaders by working diligently in a respective and productive manner. The leaders of Evergreen Hospital focus on studying new and important innovations, which helpRead MoreThe Importance Of The Seattle Cancer Service Area887 Words   |  4 PagesThe SCCA service area is one of the most useful and important strategies when it comes to planning purposes. Seattle Cancer Care Alliance (SCCA) allows research teams, cancer specialist, and organizations to come and work together, suc h as Fred Hutchinson Cancer Research Center, Seattle Children’s Hospital, and University of Washington Medicine. All of these prestige organizations expand and translate any type of scientific discoveries into prevention and cures for cancer as the treatment processRead MoreProject Risks and Mitigation Techniques for Oil and Gas Industry1332 Words   |  6 PagesUncertainty This may be the greatest project management risk in the entire industry. Exploratory wells can only provide limited information to the reservoir engineering team – who in turn must take this limited info and provide an educated guess of the amount of reserves to the production team who will soon report to the project team. Prospective oil and gas projects are only progressed from the concept phase if it is believed that the reserves can be recovered safely, efficiently, and most importantlyRead MoreReducing Insider Threat Risk, And Availability Of The Crown Jewels From Being Violated1141 Words   |  5 Pagesinstance, organizations can obtain criminal records at relevant courthouses. In America, there are more than 10,000 courthouses containing court records in more than 3,200 jurisdictions so organizations have a lot of tangible information they can access. In addition, an employer can determine the validity of the claims made by the interviewee. 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This plan continues to build on the strategic intent agreed by the BRANZ Board and Executive Team at their combined retreat in late 2011, resolving that BRANZ should take stronger leadership in areas where it will add best value. And so we continue (amongst other work) our product assurance, industry research strategy, information access and productivity work for the coming year. 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Tacoma is the county seat of Pierce County and the largest city in the county and third largest city in the state (US Census Bureau, 2014). Pierce County is located south of Seattle and is comprised of 1,679 sq. miles, many of which front the Puget Sound. Northern areas of the countyRead MoreImplementation Of An Electronic Prescribing System5537 Words   |  23 Pagesjournal articles, review articles, meta-analysis, and national guidelines on implementing e-Rx systems. Due to the heightened interest for this particular topic, there is a lot of valuable information and guidance available regarding adopting electronic health records (EHR) and e-prescribing systems on HealthIT.gov website and Center of Medicare Medicaid Services websites. In order to analyze different aspects of e-prescribing, five key areas were reviewed in depth. The five areas consist of return onRead MoreThe Need For Strategic Alliances And Other Partners2044 Words   |  9 PagesThis global â€Å"ecosystem† of partners includes enrollment integration, banking technology, HR software solutions, as well as service providers that provide a range of consulting, resale, outsourcing, HR services, and technology which grants our clients access to a comprehensive collaboration strategy. Our channel partnerships become like the volunteers of Folding@home, a variety of parties tapping unused resources to contribute to the power and efficiency of the extended enterprise. Just as F@H encouraged

The Boeing s Virtual Fence Project - 1084 Words

Introduction The Boeing’s Virtual Fence Project was initiated by the Department of Homeland Security (DHS) to stem the continual flow of illegal border crossing along the Mexican Border which had reached epidemic proportions. The main driving force behind the construction of project was the threat of illegal aliens, terrorists, and drug smugglers, which had sparked national security concerns. The Department of Homeland Security had been charged with the sole responsibility of monitoring illegal crossings in the wake of the September 11 attacks. Giving the size and complexity of the project, Boeing was contracted to successfully complete the project at an initial estimate of $1.1 billion which was later revised to $8.0 billion. However, a congressional watchdog group argued that the project cost estimate could rise as much as $30.0 billion. Problem Statement The Virtual Fence project lacked a comprehensive and a robust integration management systems that ensured that all the 100 subcontractors that had been contracted by Boeing, the main contractor on the project, would work in a unified and team-oriented fashion to complete the multi-billion security project ahead of both schedule and cost. The original cause of the problem could be ascribed to the DHS formulating the entire project as a turnkey where all the work and oversight will be conducted by the contractor Boeing. There was a clear conflict of interest at the initiation of the project. Facts and Issues Presented inShow MoreRelatedThe Boeing s Virtual Fence Project1103 Words   |  5 PagesIntroduction The Boeing’s Virtual Fence Project was initiated by the Department of Homeland Security (DHS) to stem the continual flow of illegal border crossing along the Mexican Border which had reached epidemic proportions. 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Secrets Of Living A Long Life Katharine Weber - 1649 Words

Josh FitzPatrick Mrs. Vicknair English III AP 13 April 2017 Secrets to Living a Long Life Katharine Weber is an avid gardener, constantly travels, entertains weekly, does her own taxes, and she’s also 103 years old. Katharine is not your stereotypical elderly person. She is a happy individual who can take care of herself. She still bakes cookies and does chores around the house. While most of us will probably never reach 100, we can still live our last few years with as much spirit as Katharine does (Glassman). In order to increase their lifespan, people must make healthy lifestyle choices, have a healthy social life, and must have knowledge of their body. It has been said our entire lives that a healthy diet is important for our body.†¦show more content†¦Not only can exercise slow aging, it may be possible that it can help reverse aging. In 2008, a team of Canadian and American researchers ran tests to see the effects of exercise on aging. They had elderly volunteers undergo strength training for six months and took biopsies from their thigh muscles. Af ter the six months, the genes from the muscle cells resembled those from twenty-two year old males and females. After closer inspection, it became clear that the genes involved with the mitochondria were the ones affected. Mitochondria are basically the powerhouses/generators of a cell. It is widely believed that when Mitochondria start to falter cells die, muscles shrink, gray hair appears, and brain volume drops. In other words, we experience aging (Agus 228). Exercise is a major factor in prolonging one’s life. Although exercise is good for our bodies, not knowing how to exercise won’t do much good. Ideally, the best exercise routines involve cardio, strength training, and stretching. Each activity has its own unique benefits. Cardio can strengthen the heart and lungs while also trimming off extra body fat. Strength training keeps bones strong and prevents loss of muscle mass. Lastly, stretching can help with joint pain and the condition of chronic inflammation. Lea rning to balance all three different types of exercises is ideal. It doesn’t take much to get the positive

The Impact On American Society - 926 Words

Throughout history the United States has been fortunate to have many presidents that made a significant positive impact on American society. One such president was Theodore Roosevelt and his work with consumer protection laws. Another was Lyndon B. Johnson and his support for civil rights. The actions of both presidents have had lasting impacts in America and changed the nation for the better. Theodore Roosevelt, a very active president, devoted much of his attention to the growing issue of consumer safety. The industrial revolution was a great advancement for America, but it also brought a new set of problems. Items like meat, medicines, and other household goods were now able to be mass produced in factories. However, sometimes these manufacturing plants were unfit for food preparation. As evidenced in (doc 4a), the conditions in meat packaging plants were sometimes repulsive, with meat laying on the floor and bits of other materials in the meat. Muckrakers also influenced Roosevel t in his action as the ills of the industry were exposed. One particularly influenced piece was Upton Sinclair’s â€Å"The Jungle†, which described in detail the unsanitary practices of the meat industry. Although critical of what he considered exaggerations in â€Å"The Jungle† Roosevelt was disturbed by this novel and decided to find out whether Sinclair’s fiction was factually based. The â€Å"Utica Saturday Globe† published a cartoon, which showed Roosevelt’s attitude toward the crisis of filth,Show MoreRelatedImpact Of The On American Society Essay1120 Words   |  5 Pagesprostate and the continued aging of the first respondents. This case is significant as 9/11 is still having an impact on American society, being more than a significant historical incident for Americans, although the search for a similar context would be able to frustrate researchers. There are several impacts caused for New York City after 9/11. 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Most people do not understand what happened to African Americans and they understand what they had to go through to be where they are today. It went from being kings in the comfort of their home to being thrown on a boat packed like sardines to be forced to work in the fields. The trip was a massacre itself because many did not make it due to the treatment from others. African Americans have always been treatedRead MoreThe Impact of Hollywood in American Society1568 Words   |  6 PagesAlthough it started out as a novelty and a source of controversy, Hollywood has had an impact in American society significantly on political aspects in the 20th century as well as shaping our modern world. In 1894, two French Brothers, Auguste and Louis Lumiere introduced the portable motion picture camera and projector as a solution to the smaller projection of Thomas Edison’s original invention the kinetoscope. 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Consumption patterns Free Essays

This essay is geared towards analyzing an article that was done on the year 2001 concerning the increasing â€Å"Consumer Demand for Fruits and Vegetables: The U.S. Example. We will write a custom essay sample on Consumption patterns or any similar topic only for you Order Now † The consumption pattern then could be seen to have increased over the years. It was in the article that several factors where enumerated with regards to the increasing demand for both fruits and vegetables among the citizen in the United States of America. It was then concluded that the demand could be seen as a pattern where other developing countries could have the same patterns in the long run. As could be implied in the article’s title, the author aims to reach a certain justification that given time, several countries would have an increase in the demand for fruits and vegetables. Consumer Demand for Fruits and Vegetables: The U.S. Example It could be gathered that this particular article is directed towards the behavioral pattern of the people in the United States. Ergo, it could be deduced that most of the data gathered is much dedicated in the statistical aspect where the demand for fruits and vegetables had increased. It was said that the consumption of both fruits and vegetables had already been a part of the usual food consumption on the people of the country especially when it espouses a healthy lifestyle (Kurtzweil, 1997). It could be seen then that, over the years, food consumption patterned has increased especially when incomes had increased. It could be sensed here that as income increases, the buying of goods also increases, including that of fruits and vegetables aside from the other necessities. To further reinforce this assertion, it was studied that over the course of year 1961 and 1998, there had been a considerable increase in the consumption of fruits and vegetable on places where income had surely increased. However, those who had lower incomes had little or no difference when it comes to the consumption of the said goods. It would then be heir apparent that as the incomes of the people increased there is an extensive increase in buying goods. Suffice to say that this first reason would have given a reason for the increase in the consumption rates of the people. In connection to this, the main argument for this could be seen as such that most people were gearing towards the convenience of a product. Canned and processed fruits and vegetables then are getting popular. It would then be inferred that the supplies needed would increase since manufacturing these goods could take larger number of fruits or vegetable. Albeit, fresh fruits are still popular and they are aptly so since they are much convenient. Connecting this to the second reason, it could be seen that technological aspects had made the difference since packing and delivering goods could be made easy. However, this assertion could be further asserted by the third justification over the change in consumption pattern. In this aspect the concept of healthy living could be injected. It was said then that the people had a strong belief in going back to the healthy living lifestyle (Pollack, 2001). It seems that the household with older members in the family tend to purchase more fruits and vegetables. Age then becomes another big factor. The fourth assertion could be found that the availability of the goods has already increased. This increase in the availability could have been due to the imports from other countries. It could be seen here then that a â€Å"wide selection of products†¦Ã¢â‚¬  had been made available to American citizens that even if the fruits or vegetables are not produced for the season in the particular country, it could still be made available through importing and   trading (Pollack, 2001). As was mentioned above, improved technological aspect has paved the way for easier shipping and packing that some seasonal fruits could be made available in the United States. The trade business has also increased during this time that some products that are not actually available in the country had made its way to American soil due to trade and imports. It seems that tropical produce had become popular among the people. Americans may be able to produce these tropical goods on some areas of the land but the demand for it is high that supplies are needed; hence trade and imports are needed. All these patterns if conjoined together could create a change in the demand for the said goods – fruits and vegetables. On the year 1997-99, it was said that the trend consumption of fruits and vegetables in the United States had been averaged as 741 pounds per person. It could be seen as 25 percent more than what was consumed during the year 1977-79. The increase was much focused on the fresh melon and processed potatoes. Either way, vegetables had been a forerunner when it comes to people’s favorites as compared to fruits in general. In fact, vegetable consumption has increased to 24 percent as compared to the 8 percent consumption rate of fruits. After the mid-seventies, it could be argued that lesser people had become enamored with canned goods and are much inclined to purchasing fresher goods. It seems then that aside from the increase in percentage, a much wider variety of vegetables are now made available as some people are slowly creating certain variations in their consumption purchases. Examples of these vegetable diets are asparagus, broccoli, cauliflower, carrots, onions, and lettuces, and many others. Of all the fruits, banana had become the most popular fresh fruit treat. However, this particular fruit is garnered through imports. Other examples of fruits that are popular are apples and oranges, also grapes, pears, and strawberries. Regardless of the increase in consumption rates, it would still not sufficient to claim that Americans are consuming the â€Å"recommended daily servings† for both fruits and vegetables. It could then be concluded that the demand for fruits and vegetables in the U.S has increased through several reasons: 1. Convenience might lead to larger demand for supplies, 2. Technological aspects makes it more convenient, 3. Health issues are being addressed, and 4. Availability of goods through imports and trade is rapidly growing. Also, these patterns could also be realized in other developing countries. References Kurtzweil, P. (1997). Fruits and Vegetables: Eating Your Way to 5 A Day.  Ã‚   Retrieved September 27, 2007, from http://www.pueblo.gsa.gov/cic_text/food/eating5-aday/297_five.html Pollack, S. L. (2001). Consumer Demand for Fruits and Vegetables: The U.S. Example [Electronic Version]. Changing Structure of Global Food Consumption and Trade. Retrieved September 27, 2007. How to cite Consumption patterns, Essay examples

Software Project Management Science and Art

Question: Describe about the Software Project Management for Science and Art? Answer: Summary Software Project management is the science and art of leading and planning projects. It is often regarded as a discipline of management of the project, where the software projects are implemented, planned, controlled and monitored (Maranho, Marinho and de Moura 2015). It emerged during the period between 1970 and 1980 when the software industry grew largely and they realized the need for low cost in the process of software production as compared to the production of hardware. A problem occurred in the gray zone between the delivered software and the user specifications. The management methods of software project put the focus on matching the requirements of the user to deliver the products and therefore, they developed a method known as the waterfall model. The Hybrid model of Agile Waterfall is often considered the perfect solution for projects with various changes. Time is often less critical in the world (Agile), where the status of iteration can be checked and adjusted at a const ant rate. Most of the businesses use this model (hybrid solutions) to meet the expectations as well as the needs and demands of the clients and the customers. Like all other models, the hybrid model of software project management has advantages as well as disadvantages. It allows the software teams to work rapidly (Mahadevan, Kettinger and Meservy 2015). It is because the product managers and the teams of hardware development can keep a track of the work that happens within the organization. However, the user has to give up the certainty of the fixed expectations for the freedom and flexibility of the world (agile), which involves working against fixed deadlines. Both the sides have to compromise while using this model. References Mahadevan, L., Kettinger, W.J. and Meservy, T.O., 2015. Running on Hybrid: Control Changes when Introducing an Agile Methodology in a Traditional Waterfall System Development Environment.Communications of the Association for Information Systems,36(1), p.5. Maranho, R., Marinho, M. and de Moura, H., 2015. Narrowing Impact Factors for Innovative Software Project Management.Procedia Computer Science,64, pp.957-963.

Discuss the Reasons Why Starbu... free essay sample

Discuss the Reasons Why Starbucks Adapted to the Chinese MarketIntroductionThe largest coffeehouse in the world these years may be Starbucks, and Starbucks Company have the most multiple coffee shops around the world. The success of Starbucks is from not only the quality of coffee beans which attracts consumers to pursue this kind of coffee spirit, but also its globalization strategy which embraces different cultures to extend the life circle of the corporation. It is an excellent example for other coffee companies that Starbucks can adjust itself to international business. In addition, the market of China is one of the most vital markets for Starbucks where there have been 3,300 coffee shops in more than 140 cities since 1999(Starbucks China, 2018). In summary, the reasons why Starbucks can adapt to the Chinese market are extremely important for people to have a further understanding of cross-culture management.ChallengesThere are two main challenges for Starbucks found in the dimensions: the one is the drinking culture, and another one is the cultural behaviors. We will write a custom essay sample on Discuss the Reasons Why Starbu or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 1.1 Drink CultureChina has a long tea culture of history which is different from the coffee culture in western countries. In China, tea is only regarded as a kind of beverage for people. There is non-differentiated among diverse tea houses. For example, only where the tea produces are people concerned about, but it is the same where they drink tea. It is the tea origin which is the most important thing for Chinese people. However, the brand of coffee have influences on western people because of brewing techniques, and Starbucks, which it distinguishes itself from other coffee brands, offers good coffee tastes. In this case, it is necessary for Starbucks to strengthen its brand meaning it creates to change Chinese peoples ideas towards tea-drinking and coffee. 1. 2 Cultural BehaviorsChinese culture is profound, and the cultural tradition has a major impact on the lives and consumption habits of Chinese consumers, mainly in the family, the relationship between people and people, face, human feelings and reciprocity. Anh Hoang P.(2015) stated that When an individual was born in a typical society, his thinking and actions should be resonant with what the society believes are its core values and principals. (Anh H.P., 2015)Therefore, it is difficult for Starbucks to adapt to Chinese market unless they change their some original elements. For instance, people prefer to enjoy time drinking tea or coffee in the group in China because China is a collectivistic society(this kind of description is right or?) which is different from western countries focused on individualism. In China, face-saving is crucial for people to do business easily. Whereas, gaining advantages is the basic approach to build up relationships in the United States. (Hofstede, 1994) This kind of different action refers to a distinctive consumption for Chinese people. In this case, they pursue a high quality of coffee to maintain their faces involved (in?) the indigenous designs for products and shops. Hence, Starbucks may pay more attention to these things.The globalization StrategyTo achieve success all over the globe what one needs to do is that they should Think globally and act locally. In order to maximize Starbucks strength, meeting the needs and wants of local customers is necessary for a global brand. 2.1 Chinese ConsumersCompared with North America, Starbucks consumer groups are mainly office workers and students, tending to consume immediately. However, in China, Starbucks has determined that its market aims at the white-collar class, who may be at middle-class. Most of these consumers are high-level intellectuals, and they have higher incomes and high loyalty for consumption.Wang (2012) claims that carrying a Starbucks cup in China is a status symbol, which shows that an individual has a strong financial power to pursue a luxury lifestyle. (Wang H., 2012) The middle-class will become the mainstream of consumption groups in China. Starbucks which brings oriental people with the western culture has revolutionized how Chinese people treat and drink coffee.2.2 The Diversified ProductsStarbucks does not copy the American model in China. For China, which has a long history of drinking tea, Starbucks has established a product research and development center, and has continuously developed localized restaurants to cater to Chinese tastes. Starbucks has launched a number of products with Chinese characteristics, such as green tea frappuccino with black tea, black sesame matcha, iced latte tea and so on. Whats more, Starbucks also introduced sesame biscuits, mango chicken rolls and other foods that could meet Chinese tastes. At the same time, Starbucks pays great attention to Chinese traditional culture. For example, Starbucks plans to launch Starbucks mooncakes to celebrate the Mid-Autumn Festival, and create the sweet dumpling celebrate the Dragon Boat Festival during the traditional Chinese festival time. (Starbucks China, 2018) Stephen and Jason(2015) support that Chinese market was one of the hardest markets to crack for Western companies because they do have own tea culture Starbucks has different menus for each country as well as offering more options among its international offerings. Starbucks in China, one can find traditional Chinese cookies on the menu. This example shows the Starbucks obvious effort to offer customers more options in localization. (Stephen and Jason, 2015)This strategy not only maintains Starbucks brand advantage but also conveys Starbucks respect for Chinese traditional culture.2.3 The Positioning of Stores When Starbucks is launched in a new country, the company works with local coffee companies to build stores that meet local need, except studying culture, history, and local tastes. Starbucks localization strategy needs to combine local products with ingenious store design. According to the Chinese tea shop architecture style, many Starbucks stores in China are built with curved eaves and stone walls, which mixes with some oriental elements. (Anh H.P., 2015) Moreover, Starbucks is a small store in the United States, and office workers usually buy a cup of coffee and sandwiches at Starbucks in the morning. The size of the Starbucks store in China is large commonly because the Chinese value space and the sofa for them to relax for one afternoon with a group of people. Jack F. (2014) investigates that the countrys American cafà © culture was all wrong for the Chinese, who would rarely go to a cafà © alone. Market research showed that they would prefer to go in groups of up to 10 people, and this would strain western coffee stores built to accommodate single drinkers and two-person groups. Chinese stores were adapted so they could accommodate these larger groups of people. ( Jack F., 2014) Starbucks deliberately expands the store area, widens the seating area, enhances the softness of the sofa, and strongly advocates American culture. In brief, all those methods appeal to Chinese consumers.2.4 E-Commerce Marketing With the development of e-commerce in China, Starbucks has improved its online operations. In China, Weibo and WeChat are currently the mainstream social interaction platforms. In 2012, Starbucks launched the Nature Wake Up music series on WeChat. If customers send WeChat expressions to Starbucks, they will immediately receive music from Starbucks. This motivation enabled Starbucks to interact with customers and increased user stickiness(engagement). During this event, Starbucks public fans rose by more than 100,000. Starbucks has launched a Wechat campaign, and there are over 500 million users on Wechat QR codes are embedded in the content being shared online. By scanning the QR code consumers have access to exclusive content with coupons and customized alarm tones. Digital promotion across different platforms is employed with Weibo posts including QR codes. The Wechat?QR code has even  been featured  on the Coffee cups themselves. (Marketing to China, 2015)On Weibo, Starbucks not only promotes product information and event information but also introduces coffee knowledge to the public and conducts public welfare activities. In this way, Starbucks not only improves communication with consumers but also implants a good image of its concern for public welfare. (Starbucks China, 2018) Starbucks have an official Weibo account and market themselves on this popular social media platform. With over 500 million users it is vital to have a presence here. Interestingly what Starbucks is promoting online is often not the traditional coffee products we expect in the west. (Marketing to China, 2015)Starbucks online sales have combined product sales, brand marketing, and customer management to enhance customer loyalty effectively.ConclusionTo conclude, Global thinking and localization are a very good attitude, and Starbucks provides lessons for all companies entering difficult foreign markets, such as China. The company identifies its brand differently according to the needs of local customers. That among Chinese Starbucks  consumers, Starbucks standing as an iconic Western brand is a significant asset rather than a liability.(Phys.org, 2014)The most important thing is that localization of the brand stimulates the desire of local individuals to purchase and enhance their loyalty for the companys brand development. Furthermore, Successful brand positioning is a major factor in Starbucks success in so many countries. Starbucks has an accurate positioning strategy in the Chinese market, and Starbucks has adopted a savvy market entry strategy. It cleverly avoids the conflict between coffee and Chinese tea culture and is committed to choosing a high-profile and high-traffic area to establish a brand image. Starbucks integrates the advantages of Chinese tea culture and introduces green tea and other beverages produced by local popular products.Reference(informal)1.Anh Hoang P.(2015) Capstone Course Research Paper. Program in Corporate Communication. Department of Communication. Lycoming College, Williamsport, PA 177012.Hofstede, G. (1994). The business of international business is culture. International Business Review, 3, 1-14.3. Jack F. (2014)  How Starbucks adapts to local tastes when going abroad,  Available at:  https://realbusiness.co.uk/any-other-business/2014/08/21/how-starbucks-adapts-to-local-tastes-when-going-abroad/feed/ (Accessed: 30th July 2018).4. Marketing to China (2015)  How STARBUCKS is different in China,  Available at:  https://www.marketingtochina. com/category/business-china/ (Accessed: 30th July 2018).5. PHYS.ORG (2014)  Study: Starbucks symbol of class status in China,  Available at:  https://phys.org/news/2014-01-starbucks-class-status-china.html (Accessed: 30th July 2018).6. Stephen T. and Jason C. (2015)  Ã‚  Starbucks develop in the different  countries,  Available at:  https://mpk732t22015.wordpress.com/2015/09/06/starbucks-develop-in-the-different-countries/feed/ (Accessed: 30th July 2018).7. Wang, H. (2015)  Five things Starbucks did to get China right,  Available at:  https://www.forbes.com/sites/helenwang/2012/08/10/five-things-starbucks-did-to-get-china-right/#fadb7d553af2 (Accessed: 30th July 2018).

How to Prepare For the Written Selection Criteria of Your College Application

How to Prepare For the Written Selection Criteria of Your College ApplicationA sample Why Do You Want to Attend This School Essay can be a very effective tool to help you prepare for the written portion of your college application. It is an important component of your college application. It is a short essay that contains a series of questions. The question itself is usually a story about your experience at the school, what you liked and disliked about it, how you decided to attend and what made you decide to attend the school in the first place.The writing of this essay can be challenging, especially if you are unsure of your student's needs or wants. Therefore, the essay sample may be a good way to make sure that you will have a good grasp of your student's needs. There are a number of essay writing sample resources available that will provide you with sample essays that are suitable for any type of student who is applying for college.When it comes to Why Do You Want to Attend This School Essay, you want to be sure that you have a good idea of what your student wants. Your students will be able to tell you what they want you to say, but they will also be able to tell you if they do not like some of the information that you have provided. If you feel that you have said all of the important parts of the essay, you can always refer back to the sample.Many colleges will provide you with sample essays for this type of essay. If you search for these samples, you will most likely find that there are several that include sample Why Do You Want to Attend This School Essay.Another benefit of studying a sample Why Do You Want to Attend This School Essay is that you will find that it will give you a better understanding of what your student wants. They will often provide you with specific answers to specific questions. For example, you may not need to write a longer essay, but you still want to make sure that you are specific and that your student knows how to express th emselves on this essay. Many times, you will find that the questions you have asked will provide you with more information than you would have had from having to write the essay.As an addition to this, a sample Why Do You Want to Attend This School Essay will enable you to learn about the common mistakes that students make. Some students may tend to skip questions and do not look up facts. You will be able to catch these kinds of errors by reviewing the sample essay.When you are looking for a sample Why Do You Want to Attend This School Essay, you will find that there are many to choose from. If you search for a quality essay writing resource that provides sample essays, you will have a very good chance of finding one that will fit your student's needs.

Managing the change within GM Essay Example

Managing the change within GM Essay Managing the change within GM Name: Course: Date: We will write a custom essay sample on Managing the change within GM specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Managing the change within GM specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Managing the change within GM specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Managing the change within GM Introduction General Motors is a multinational automotive corporation based in America. It is also the largest automaker in the world. The corporation has its headquarters in Detroit, Michigan. The company was established in 1908 as the holding company for Buick, which was based in Michigan. During the period of the 1920s, the sales of the company surpassed those of Ford to set the corporation as the largest manufacturer of automobiles. Most of the success of GM had been attributed to the management style. This style integrated concepts like planned obsolescence whereby a car’s style would be changed on a regular basis. In addition, they also used a tiered structure for pricing of different brands. This would be invaluable towards setting the brands to reach different niches in order to limit their competition. The rise of Japanese automakers in the 1980s threatened the dominance of GM. The boom of SUVs (Sports Utility Vehicle) countered this threat in the North American Market (Freeland, 2001: 98). However, after 2001 the sales began to decline. Toyota surpassed the organization in 2007 as the globes largest vehicle maker in terms of sales. GM was given loans from the Canadian and US governments in order to stay afloat. However, the organization was forced to file for Bankruptcy in mid 2009. The bankruptcy deal also entailed a requirement to discontinue or sell off several brands such as the Hummer brand. Accordingly, GM would focus on restructuring and continue with its business activities. The organization would focus on the four core brands in the United States; Buick, GMC, Cadillac and Chevrolet. The process of managing change can be challenging for any organization. Change management means the process of getting the corporate to accept the change, have an understanding of the elements of change and proper execution of the change. The benefits of this change include improvement in the organizational structure, good corporate relationships and saving on costs (Schermerhorn, et al., 2000: 102). GM has to make radical changes within the organization in order to deal with the crisis that has built over time. In addition, the process of change should be continuous in order to make the actual change effective (Burnes, 2009: 85). Forces for change The circumstances that bedeviled GM create the need for change. External forces Competition In 2008, GM sold close to 2.9 million cars in America ahead of Toyotas 2.2 million. GM still leads in the American Market. However, the market share has been on a steady decline from the 30 percent in 1999 a total of 5 million vehicles to 22 percent in the year 2008. Toyota has posed as a major competition for GM. Competition is a chief driving force for the acquisition of majority market share (Ball, 2010: 78). In comparison with competitors such as Toyota, GM vehicles were not as fuel-efficient. This caused losses to the organization because of the rise in fuel prices. This was to the advantage of Toyota leading to losses for GM. Toyotas demand for cars also increased over time to become higher than that of GM. This became the driving force towards change in GM (Hayes, 2010: 56). Financial crisis The global economic downturn affected leading companies including GM. The global financial crisis affected GMs financial standing. This in combination with other factors led the corporation to bankruptcy. Internal forces Financial constraints GM was ravaged by financial problems since 2006. The financial problems were primarily caused by poor financial policies. GM made limits to the $6 billion in car operating losses because of the $2.2 billion it had made to finance the vehicles. The organization therefore had liabilities that exceeded the assets. The condition worsened over time leading to a bankruptcy declaration in 2009. Poor financial policies can lead an organization to bankruptcy (Rugman, 2010: 96). These financial constraints therefore created the need for change. Management The management at GM had a lax mentality towards their competition. This is because they had established themselves as the market leaders. The culture within the system also caused a hindrance to modernized approaches towards change. Culture The culture at GM is described as one that is set in the traditional system since its inception in the 1900s. Culture refers to the enduring ideas, attitudes, behavior, traditions and attitudes that are shared by a large section of people to be transmitted from one generation to another. On the other hand, organizational culture can be described as an organization’s personality. Organizational culture offers guidance on the feelings and activities of employees. GM has an organization that is mainly centralized and bureaucratic. Therefore, the structure created the need to have top-down systems of control. They aimed at removing the unnecessary and redundant procedures. The corporate consolidated the purchasing offices from the initial 25 in the US to a single purchase office. Therefore, the organization became more bureaucratic. Organizations such as GM that have the centralized system make it compulsory for management to be composed of many people. The leadership style of man agement also plays a key role in the definition of the culture of the organization (Alvesson, 2002: 56). Cost GM spent more money on the production and manufacturing its cars. Compared to the main competitor Toyota, GM spent more money on manufacturing. Toyota built more vehicles at a lower cost. The company was manufacturing at a rate of 7 percent faster than GM. Therefore, Toyota would benefit from between $300 and $500 per car cost advantage. In 2005, Toyota operated at full capacity. Therefore, the company earned an average profit of $1488 per car I profit and GM lost $2300. Therefore, GM had increased costs leading to losses (Crumm, 2010: 56). Leadership GM had a vertical system of leadership. The high levels of management made key decisions on the requirements of the subordinates. Therefore, it was a one-way street. CEOs, top executives and CFOs, were in charge of key decisions from middle management to individual dealerships. The executives also made decisions on the desires of customers without their feedback. This management style also contributed to the failure (Griffin, 2011: 64). Changing the culture at GM Change management entails a holistic process of planning, consultations and effective implementation. The changes to be made at GM must be realistic, measurable and achievable. Responsibility for the process of change lies on the executives and management. They are tasked with the role of facilitating and enabling change within GM. The culture and systems at GM create the need for change. The rate of change within organizations such as GM is not constant (Senior Fleming, 2006: 78). The conditions at GM however require continuous change in order to reestablish the company as the global leader over its competitors. Change incorporates a three-step process that is sequential. Unfreezing of the forces of restraint that cause maintenance of the status quo Movement of the organization towards a new status Refreezing of the organization in order to consolidate the changes The process of change in GM One of the changes that can be implemented at GM is complete decentralization of the system. A decentralized system refers to a system whereby management places significant decision-making authority to local and frontline managers instead of reserving all authority in decision making at the top. This will reduce the constraints of the bureaucratic system at GM. In addition, GM had adopted this system in earlier years, and it proved to be a success. However, the change to a centralized system in the 1990s led to its downward trend. One of the major benefits of a decentralized structure is the high level of flexibility towards problem solving and quick and effective solutions. It also allows the requirements of consumers to be met. The failure of GM to manufacture products that saved on fuel cost during the increase in fuel prices was an indicator that the organization lacked contact with the consumers. However, because of the challenges of a decentralized system, the management must maintain open communication lines with management at the grass root level in order to keep focus on the common mission and vision of the organization (Robbins Coulter, 2005: 121). Decentralization for GM will be beneficial in order to spread responsibilities within the organization and increase the capabilities of leadership of the additional managerial ranks. The organization must also integrate innovation and technology within the system in order to achieve maximum results. Cost cutting GM has to formulate a strategy that will reduce the overall cost of production. The process of cost cutting requires an effective strategy. Strategy formulation should also consider all the factors that affect the financial aspect of the organization. The company also has to set targets towards cutting overall costs. However, the process of cutting cost should not affect the quality of output. GM has already undertaken some strategies to reduce costs such as the offloading of some of its Marques like the Hummer and Saturn. This has caused it to focus on the main products in the US. However, the overseas holdings of Daewoo and Opel are still maintained. These cost-cutting processes will help the organization to save on costs and reduce losses. Challenges affecting the change process at GM Management may want to maintain the status quo at the corporation. GM has maintained a long history of a decentralized approach of management. The top-down approach limits the mediums of effective communication between employees and management. In addition, the employees have maintained poor communication with their leaders because of this system. However, management may want to maintain the current conditions with the fear of losing power and authority. Therefore, changing the system to a decentralized one may prove difficult for the executives that are accustomed to the vertical style of management. In addition, the employees under this system may not be empowered toward using the decentralized system. This is because the management under a centralized system did not place enough trust in them. Therefore, for change to be successful, GM has to empower its workforce. The employees will therefore play an active role towards the implementation of the change program (Yuki, 2002: 62). Cost cutting measures may face numerous challenges particularly from the United Auto Workers (UAW) union. This prevents the organization from lowering the wages up to a certain level. The organization also has to keep plants in operation at minimal capacity. Lack of consultations and involvement of the employees might lead to poor choices and derail the process of change (Barger Kirby, 2006: 51). Change sustainability Sustaining change refers to the involvement of refreezing behavior at new levels as long as it benefits the organization. Sustaining change at GM will be essential towards reorganization and increasing profits. It is also crucial to recognize that not all the changes may work for the company. The main aspects of sustaining change include stickability and spreadability. Stickability refers to the extent to which the gains that are achieved in sections of the organization are maintained and built (Carnall, 2008: 54). Spreadability refers to the extent to which new processes and methods that lead to gains can be applied in other areas. It is therefore essential for GM to consider these aspects in the process of change. Management plays a crucial role towards ensuring that the advantages accrued from changes in cost and decentralization. Management can also reduce the restraining forces in order to achieve commitment and reduce restraint. In addition, the employees will increase their level of commitment. A strong implementation climate will also foster sustainability. Management can empower the members of staff to implement the changes (Storey, 2004: 83). Conclusion General Motors faces numerous challenges in efforts towards reestablishing its corporate image. The company has undertaken various processes towards changing its bureaucratic system and reducing costs. However, these processes have been relatively ineffective. The implementation of the above changes and management system will be beneficial towards redeeming the level of profitability of the organization. If GM maintains these momentums of change, the benefits will be accrued in the long-term. Management of this change will also affect the process of implementation and actualization of the changes. References Alvesson, M 2002, Understanding organizational culture, SAGE, London. Ball, D 2010, International business: the challenge of global competition, McGraw-Hill Irwin, Boston. Barger, N, Kirby, L 2006, The challenge of change in organizations: helping employees thrive in the new frontier, Davies-Black Publishing, Mountain View, Calif. Burnes, B 2009, Managing change a strategic approach to organisational dynamics, FT Prentice Hall, Harlow. Carnall, C 2008, Managing change in organizations, Financial Times Prentice Hall, Harlow. Crumm, T 2010, What is good for General Motors? solving America’s industrial conundrum, Algora Pub, New York. Freeland, R 2001, The struggle for control of the modern corporation: organizational change at General Motors, 1924-1970, Cambridge University Press, Cambridge. Ukgriffin, R 2011, Management, South-Western/Cengage Learning, Australia. Hayes, J 2010, The theory and practice of change management, Palgrave Macmillan, Basingstoke. Robbins, S Coulter, M 2005 Management, Pearson Prentice Hall Upper Saddle River, NJ. Rugman, A 2010, The Oxford handbook of international business, Oxford University Press, Oxford. Schermerhorn, J, Osborn, R, Hunt, J 2000, Organizational behavior, Wiley, New York. Senior, B, Fleming, J 2006, Organizational change, Prentice Hall/Financial Times, Harlow, England. Storey, J 2004, Leadership in organizations: current issues and key trend, Routledge, London. Yukl, G 2002, Leadership in organizations, Prentice Hall, Upper Saddle River, NJ.