Tesco V Walmart

BA. Honours Business Management BUSINESS MATTERS Business Issues: Tesco v Walmart TABLE OF CONTENTS Page 1. Introduction 3 2. Business Issues in the Retail Sector 3 3. Financial Health 5 3. 1 Tesco 5 3. 2 Walmart 7 4. Cultural Style & Leadership 9 4. 1 Tesco 9 4. 2 Walmart 10 4. 3 Ethical & Environmental Issues 12 5. Conclusions 12 6. References 13 7. Bibliography 14 1. Introduction In 2009 the grocery market in the United Kingdom was worth 146. 3 billion pounds, an increase of 4. 8% on the previous year [see Figure 1].Groceries account for fifty-two pence of every pound in retail spending [Newbold, 2010, online]. Figure 1: UK Grocery Market Performance 1998 – 2009 Source: IGD Research 2009 This report looks at contemporary business issues in the grocery sector and then compares the financial health, leadership, cultural style, ethical initiatives and environmental values of two of the biggest business names in the industry – Tesco and Walmart. 2. Business Issue sin the Retail Sector At the expense of small, specialist shops, supermarkets increasingly manage the supply chain from farm to shelf.Technological improvements in stock control and checkout scanning, for example, have lowered costs and attracted customers. Loyalty card schemes provide these superstores with an insight into consumer preferences, enabling them to better match products with customers. To increase efficiency and maintain competitiveness, supermarket chains have consolidated, resulting in a fewer number of giant companies. Consequently, manufacturers have become increasingly dependent on a small number of market outlets, giving these retailers tremendous leverage to negotiate lower prices.There is also severe competition with discounters such as Lidl. To better manage household budgets during the present credit crunch more British shoppers are shopping at these discount stores. Competition from these discounters has led the big chains to develop new strategies. For exam ple, Tesco has recently launched its new Discount range, in an effort to combat the rise of these popular, super-cheap supermarkets. Shoppers are not just attracted by low prices. The super centre or hypermarket approach means that one-stop shopping has become a reality for shoppers.Shopping at one of these large stores, possibly two to three times a week, has become a recreational event not a chore. With most shopping now done in malls or online, the traditional high street, with its parking charges, and traffic problems has suffered. There is no much talk about the dead heart of the city. To counter this trend, convenience stores [under 3000 sq feet and â€Å"opened all hours†] are increasing dramatically on the high street [see Figure 2]. With an increasing range of products and improved layouts, convenience multiples such as Spar represent the fastest growing part of the grocery market, with sales increasing by 12. %. They currently comprise 20. 5% of the total United Kin gdom food and grocery market [Tesco, 2009, online]. Figure 2: UK Convenience Stores, 2009 Source: IGD Research 2009 The large multiples have responded strongly in this market sector (e. g. Tesco Express) and have taken over some existing chains and petrol station forecourts. 3. Financial Health of Tesco & Walmart 3. 1 Tesco Tesco is the United Kingdom’s premier supermarket chain. It employs 440000 staff and operates in thirteen countries [Tesco, 2009, online]. Presently, it has a commanding, and increasing, 30. % share of the non-convenience UK grocery market [Figure 3].Figure 3: UK Supermarket Share In the financial year 2008-9, despite the economic downturn, Tesco had record profits of more than ? 3 billion, 10% more than the previous year. Total revenue rose to ? 59. 4bn, taking sales to more than ? 1billion a week for the first time. Consequently, shares in Tesco rose by 5. 5% [I. S. , 2010, online]. Figure 4: Tesco’s Profit & Loss Account 2005-2009| Year E nded 28 February| 2009| 2008| 2007| 2006| 2005| ? millions| Turnover| 59377. 0| 47298. 0| 42641. 0| 39454. | 33866. 0| Operating Profit| 3206. 0| 2791. 0| 2673. 0| 2280. 0| 1952. 0| Net Interest| -362. 0| -63. 0| -126. 0| -127. 0| -132. 0| Profit Before Tax| 2954. 0| 2803. 0| 2653. 0| 2235. 0| 1894. 0| Profit After Tax| 2166. 0| 2130. 0| 1881. 0| 1586. 0| 1353. 0| * * Source: www. redmayne. co. uk Figure 5: Tesco’s Balance Sheet 2005-2009| Year Ended 28 February| 2009| 2008| 2007| 2006| 2005| ? millions| Intangible Assets| 4027. 0| 2336. 0| 2045. 0| 1525. 0| 1408. 0| Tangible Assets| 23152. 0| 19787. 0| 16976. 0| 15882. 0| 14521. 0| Fixed Investments| 321. 0| 309. | 322. 0| 480. 0| 423. 0|Total Fixed Assets| 32008. 0| 23864. 0| 20231. 0| 18644. 0| 16931. 0| Stocks| 2669. 0| 2430. 0| 1931. 0| 1464. 0| 1309. 0| Cash at Bank and in Hand| 3509. 0| 1788. 0| 1042. 0| 1325. 0| 1146. 0| Total Assets| 46053. 0| 30164. 0| 24807. 0| 22563. 0| 20155. 0| Total Liabilities| 33058. 0| 18262 . 0| 14236. 0| 13119. 0| 11501. 0| Net Assets| 12995. 0| 11902. 0| 10571. 0| 9444. 0| 8654. 0| Net Current Assets| n/a| n/a| n/a| n/a| n/a| Called Up Share Capital| 395. 0| 393. 0| 397. 0| 395. 0| 389. 0| Share Premium Account| 4638. 0| 4511. 0| 4376. | 3988. 0| 3704. 0| Other Reserves| 40. 0| 40. 0| 40. 0| 40. 0| 40. 0| Profit and Loss Account| 7865. 0| 6871. 0| 5693. 0| 4957. 0| 4470. 0| Shareholders Funds| 12938. 0| 11815. 0| 10506. 0| 9380. 0| 8603. 0| Source: www. redmayne. co. uk A balance sheet lists all a business' assets and liabilities, giving a â€Å"snapshot† of the its overall money value at a given time. The Tesco balance sheet [Figure 5] indicates that it is very healthy financially. It shows that net assets [total assets – total liabilities] have increased tremendously from ? 8654 million to ? 12,995 million.The profit and loss account [net profit, or loss, made] has almost doubled in the five years shown from ? 4470 million to ? 7865 million. Figure 6: Key Figures for Tesco 2005-2009| Year Ended 28 February| 2009| 2008| 2007| 2006| 2005| Earnings Per Share Growth (%)| 6| 22| 10| 16| n/a| Total Dividend (p)| 11. 96| 10. 90| 9. 64| 8. 63| 7. 56| Operating Margin (%)| 6| 6| 6| 6| 6| ROCE (%)| 13| 17| 19| 20| 18| Dividend Yield| 3. 60| 2. 70| 2. 20| 2. 60| 2. 50| Price / Earnings Ratio| 11. 40| 14. 60| 19. 90| 16. 50| 17. 60| Dividend Per Share Growth (%)| 10| 13| 12| 14| 11| Source: www. redmayne. o. uk Return on capital employed (ROCE) is a key measure of an industry's financial health and performance [Atrill and Melaney, 2004]. It is calculated as the earnings before interest and taxes (EBIT) divided by the difference between total assets and current liabilities.It shows whether an organisation is obtaining a decent profit for the amount of capital it owns. The higher the ratio, the better the company is. Tesco’ ROCE is down slightly but a return of 13% is still much better than any bank account interest rate and shows a ve ry effective investment of capital employed [Figure 6]. . 2 Walmart The USA based Walmart superstore chain is the biggest company in the world. Almost fifty years on since Sam Walton opened his first store, 90% of the US population is within fifteen miles of a Walmart [Luce, 2005]. With over 1. 3 million employees and sales at a quarter of a trillion, it is the biggest retailing success in history. With the goal of low prices, the average customer saves 15% shopping at Wal-Mart [Walmart, 2010, online]. Despite stiff competition, Wal-Mart's annual income from 1996 to 2006 increased steadily, as shown below in Figure 7.Figure 7: Walmart’s 10 Year Income For the fiscal year ending January 31, 2009, Wal-Mart brought in $405. 6 billion of total revenue [sales]. The income that the firm made after subtracting costs and expenses from the total revenue [net income] was $13. 6 billion [Foley, 2009, online]. Figure 8: Walmart’s Annual Report 2008-2009| | 01/01/2010| 01/01/2009| Revenue| $m| 405,607| 408,214| Pre-tax Profit| $m| 20,898| 22,579| EPS| $m| 3. 39| 3. 70| Dividend| $m| 0. 95| 1. 09| ROCE| 21. 00% Source: www. walmart. com| | | | |Even higher than Tesco, Walmart’s ROCE index of 21%, is indication of its great financial success. Walmart’s share price was hit by the recent economic recession but, as Figure 9 shows, has started to rise again. Figure 9: Walmart’s Share Price 2007-2010 Source: www. walmart. com In 1999 Asda was acquired by Walmart and in 2006 the company expanded even further internationally. They opened 537 new international stores, employing over 50,000 new employees. International revenues soared by 17. 4% to $7. 87bn, helped by store openings in markets such as Canada and Scotland [I. G. D. 2010, online]. Walmart’s market share continues to rise in the United States, but also in the United Kingdom and Mexico. In the midst of a global depression it is obvious that everyday low prices are a big consumer d raw. 4. Cultural Style ;amp; Leadership 4. 1 TESCO As a performance-driven organization, Tesco’s mission statement is â€Å"to create value for customers to earn their lifetime loyalty. † They are determined to strike up a close relationship with its customers. Consequently, Tesco endeavors to provide better, more innovative products and services than any of its competitors.It believes if you treat customers well and operate efficiently then shareholders’ will inevitably benefit by growth in sales, profits and returns [Enfield, 2009, online]. The customer/staff focus of Tesco is reflected in the far-sighted leadership of Terry Leahy, Chief Executive Officer. Representing a new era, Leahy adapted a more participative style of leadership, where employees are given a voice in the decision-making process. Terry Leahy, Tesco CEO The organizational structure is now simple and flat with fewer levels in the management hierarchy.There are fewer formal rules, more decentr alization and shared decision making throughout the organisation. Leadership roles are delegated to best informed and capable individuals in the organization to ensure that the company operates effectively. As values and beliefs develop, so does commitment to the organization and this is much more productive than a formal hierarchy (Miner 2002). The organic structure suits the pressure to be innovative – given its flexibility it can respond to environmental variations quickly (Salaman 2001, p. 106). 4. 2 WALMARTMuch of Wal-Mart's success is due to a strong and all-encompassing, corporate culture, originally developed by Sam Walton. At the core of this culture is a relentless push for the lowest prices. This penny-pinching is achieved using state of the art technology and by its â€Å"plus one† policy, which demands that suppliers lower their prices or increase the quality on every item every year. In â€Å"The Wal-Mart Effect,† Charles Fishman shows how the pric e of a four-pack of General Electric light bulbs decreased from $2. 19 to 88 cents within five years [Fishman, 2006].Because of this culture, Wal-Mart no-frills headquarters are in Bentonville, Arkansas, not an expensive city like New York. Executives start work before 6. 30 am, never use limousines, always fly economy-class and often share hotel rooms with colleagues. The company offers basic wages and health care plans. It demands that hourly workers do overtime without pay. Store managers regularly work 70 hours per week. They are expected to pinch pennies wherever they can, even on things like the heating and cooling of the stores.In the winter stores are kept at 70 degrees Fahrenheit and in the summer, they stay at 73 [Seth and Randall, 1999]. In almost fifty years of operation, Wal-Mart has managed to keep these cultural components, as well as its enterprising spirit. Leadership Walmart’s present chairman, S. Robson Walton [son of the founder] is reported to have said i t is the job of leaders to â€Å"listen to customers, listen to customers, listen to customers† [Fishman, 2006, p32]. Choosing to be a humble-servant type of leader, Mr Walton has established a spirit of customer service throughout the whole company. S. Robson Walton,Walmart Chairman Like Tesco, Walmart believes that delegation and limited supervision increases efficiency. Additionally, if leaders trust workers then they will develop quality decision-making skills. Fewer managerial, supervisory jobs also reflect Walmart’s culture of saving money wherever possible. 4. 3 Ethical & Environmental Issues In response to increasing consumer awareness of environmental and ethical issues, the supermarket chains have adopted a range of initiatives. In 2008 Walmart introduced new Fair Trade certified coffee products which provide plantation workers with better wages and working conditions.Similarly, to benefit farmers growing Fair Trade cotton in Africa and India, Tesco was t he first supermarket to bring in Fair Trade cotton knitwear and is presently doubling its range of Fair Trade cotton school uniforms [Wiener, 2009]. Also, to support local producers, much of Tesco’s meat and vegetables come from farmers within the region. With environmental issues becoming mainstream, Tesco has recently promised to attach a carbon label to all its goods and install sophisticated new refrigeration techniques to reduce its consumption of climate changing hydro-fluorocarbons.Wal-Mart now claims it will power its US stores entirely using renewable energy [Walmart, 2010, online]. The introduction of clear labelling regarding fat and calorie content of products has allowed supermarkets to take advantage of the increased consumer awareness of health issues. In the case of a health scare [e. g. BSE], their sophisticated communications networks make product traceability very easy. 5. CONCLUSIONS In conclusion, the retail market has been completely transformed in recen t years by the large supermarkets.Whether your preferred criteria for financial success is square footage of retail space, sales, net profit or dividend growth, both Tesco and Walmart have reached heights that few others in the retail industry can hope to match. To counter the image that they destroy the environment and are enemies of society, both Tesco and Walmart have adopted a range of environmental, social and ethical programs. The so called â€Å"Walmark effect† may yet be seen as a force for the good.

Determining Shareholder Value Analysis Through Performance Management

Introduction:Although stockholder value prosodies and value-based direction are widely identified and good known, but they are far from being universally applied. Old ages of restructuring and employee layoffs frequently attributed to stockholder value considerations attached with self-interested direction and small sighted and concentrate on current stock monetary value has promoted defeat and uncertainness. Therefore, it is critical to understand the stockholder value attack and its discrepancies. Additionally, it is indispensable for the stockholder value attack that the aims of the troughs and the company ‘s stockholders have to be aligned and should be focused on presenting superior stockholder value. Known the globalisation of capital markets and their worsening boundaries, economic systems will bit by bit run out of capital if they are non capable to make stockholder wealth and therefore attract investors. If economic systems are incapable to supply superior or at least fulfilling returns they will fall in further and further buttocks in planetary competition and will drop employment chances. Therefore, a value-based system grows in significance, as capital becomes more nomadic ( O'Donnell, 2008 ) . Anyhow, this theoretical base research seeks to supply critical rating of mensurating stockholder wealth through the qualitative and quantitative techniques, such as economic value creative activity ( EVC ) . Falling within the model of EVC are a figure of similar constructs utilizing legion acronyms, such as EVA ( economic value added ) SVA ( stockholder value analysis ) , VBM ( value-based direction ) and qualitative steps i.e. , quality, client satisfaction, larning and invention and internal concern procedures ( equilibrate scorecard ) . These constructs all represent ways to associate the strategic determinations at executive degree with the operational drivers used by the front-line directors and employees ( Schuster, 2000 ) . This research will concentrate merely, on the construct of stockholder value and their determiners. Shareholder value analysis ( SVA ) is one of the legion non-traditional prosodies used in the concern universe. SVA evaluates the fiscal value of a company by measuring the return that goes to their shareholders. SVA besides supports company managers by concentrating on strategic aims as it maximises the wealth of company shareholders in general ( Baker, 2001 ) . Therefore, SVA is value-based step, intended to measure concern schemes, capital undertakings, maximizing the long-run stockholders wealth etc ( Pike and Neal, 2006 ) .3. Background:The basic construct of value is traceable back in clip to the nineteenth century economic theory that leads the manner to the thought of â€Å" Residual Income † ( Magni, 2009 ) . However, the term Value-based Management and acronyms such as VBM or MSV ( pull offing for stockholder value ) have non used until the mid-1990s. VBM is a formal, systematic attack to pull offing companies to achieve the aim of maximizing value creative activity and stockholder value overtime ( McTaggart et al, 1994 ) and stockholder value direction and its analysis has been greatly stressed and introduced in late by doodly-squat Welshman. Value-based direction is a systematic attack to direction, whereby the company ‘s overall aspirations, logical techniques, and direction procedures ( should aline ) to assist the company to maximize its value by concentrating direction determination doing on the cardinal drivers of value ( Copeland et al, 2000 ) . Value-based direction became popular in the mid-1980s when Alfred Rappaport published his descriptive text, â€Å" Making Shareholder Value † . However, stockholder value orientation is common in concerns and it is still on high dB argument either the manageraˆ?s exclusive focal point should be to raise the firmaˆ?s value. Therefore, this factor pushes me to follow and acquire on with this research analysis in deep. In new epoch the New Standard for Business Performance has been developing. Companies such as Boots, Lloyds TSB, and Cadbury Schweppes were shortly doing unfastened public committednesss to mounting value for their stockholders ( Maple-croft, 2005 ) . So we can state that stockholder value is a concern term, which entails the critical step of a company ‘s success and stockholders ‘ value by and large understood through three cardinal elements likely, making value ( procedures ) , mensurating value ( EVA and MVA ) and pull offing for value that is administration, direction, administration, civilization and communicating ( ICMA, 2009 ) . Corporations retained their earning for growing and development usually they invest in employee preparation, and in other concern procedures like physical assets merely to acquire more enhancement ; and this sweetening increases the stockholders value in concern in financial signifier ( Jhunjhunwala, 2009 ) . Harmonizing to Rapport, ( 1986 ) :The SVA used in several ways as,It is refer to the market capitalisation of a company. It is mentioning to the construct of the primary end for a company is to increase the wealth of stockholders ( proprietors ) by paying dividends and/or doing the stock monetary value to increase ( Rapport, 1986 ) . It is refer to the more specific impression that planned actions by direction and the returns to stockholders should surpass certain benchmarks such as the cost of capital construct ( Swensen, 2000 ) . In kernel, the thought â€Å" stockholders ‘ money should be used to gain a higher return † than they could gain themselves by puting in other assets holding the same sum of hazard ( Rapport, 1986 ) . If hazards are at that place so there must be answerability has to be exist so answerability of concern at all degrees increased perceptual experiences of value-added in concern ( Baker, 2001 ) . In recent old ages increasing acknowledgment that business-based intangible assets are great drivers of value. Business base parametric quantities can recognize as a taking force in creative activity and for direction of these market based assets. To make this we must present common model for public presentation measuring and its part in value- added direction for the interest of stockholders ( Reimann, 1987 ) .4. Performance Management:Historically, public presentation step systems was developed as a agency of monitoring and keeping organizational control, which is the procedure o f guaranting that an administration pursues schemes that lead to the accomplishment of overall ends and aims ( Nanni, et al 1990 ) . Performance step plays a critical function in every administration, as it is frequently position as a advanced system of measurings that assist directors to foretell the company ‘s economic public presentation and topographic point the demand for alterations in operations. In add-on, public presentation step can supply directors, supervisors, and operators with information required for doing day-to-day opinions and determinations ( Reimann, 1987 ) . Performance step uses by administrations on a regular basis, as it enables them to guarantee that they are accomplishing uninterrupted betterments in their operations in order to prolong a competitory border, addition market portion and increase net incomes. Traditional steps public presentation step has chiefly been fiscal mensurating ratios such as ROI ( Return on Investment ) , RI ( Residual Income ) , and EPS ( Earnings per portion ) ( Pike and Neal, 2006 ) . These cost associated prosodies histories help house ‘s topographic point countries in which capital invested profitlessly. So regular opinion through strategic survey must in topographic point to accomplish and modulate direction focal point consequently.5. Strategic Management:Strategic managementA can be used to find mission, vision, values, ends, aims, functions and duties, timelines etc, but at strategic degree. So strategic direction can specify as its: â€Å" Strategic direction is the set of managerial determinations and actions that determines the long-term public presentation of an administration ( Robbins and Coulter, 2005: P-86 ) † . Harmonizing to Favaro, ( 2003 ) doing top direction more accountable for mounting the company ‘s intrinsic value is the key to protecting stockholder involvements. The top direction should understand the importance of strategic survey when there is inquiry of how to increase the stockholders wealth through concern procedures, it is leads long-run strategic thought, and it consequences in higher organisational public presentation. The bulk executives today understand that the demand to make stockholder value is critical. However, many discover that attempts to present on this cardinal are frustrated in pattern. Turning concerns and bettering profitableness by traditional factors often fail to gain the assurance of investors. Higher market portion and broader client acknowledgment go unrecognised, or even worse, which are punishing by the capital markets. By and large, the most competitory direction squads are reacting to the force per unit area to make value by implementation ne w public presentation prosodies and new theoretical accounts for pull offing their companies. As strategic director, they get ready to rush up that passage. In most instances, strategic direction aid by transform their administrations with the undermentioned factors: By deriving a superior apprehension of what drives value, By redesigning fiscal direction systems to analyze and describe information from the position of part to value, and By developing a powerful inducements system for directors to construct stockholder wealth Strategic direction squad transport a logical, consistent model for nearing strategic and tactical determinations from a value-based position. When suitably implemented, this model becomes a true beginning of competitory advantage that eventually turns in to maximal stockholders wealth.6. A value based attack:Increased stockholder value should be the concluding end of any history able concern activity. By acquiring better client value and pull offing market-based assets, concern activities contribute to hard currency flow coevals, which leads to improved stockholder value. SVA is the doctrines for merchandise or service of combined attempts from the direction to the employees in big ( Pike and Neal, 2006 ) .7. Sustainable Business Scheme:The authoritative conversation on concern scheme for sustainability has started in the concern and this conversation is greater than earlier ; and this is from consumers, employees, and stockholders on a common intent and a passion for companies that do good by making good. Any scheme without sustainability at its nucleus can be obviously irresponsible, and bad for concern, bad for stockholders, bad for the environment in big. These challenges represent alone chances for large trade names such as Dell, Toyota, Procter & A ; Gamble, and that are implementing built-in, instead than sideline, schemes for sustainability. These companies are making as by confirming practical model for alteration ( Presto, 2005 ) which involves prosecuting employees, utilizing transparence as a concern tool, and harvesting the wagess of a networked organisational construction ( Werbach, 2009 ) . Leave your old impressions of corporate societal duty and environmentalism behind ( more draw back ) . Werbach, ( 2009 ) is get downing a wholly new duologue around sustainability of endeavor. Sustainability is now a great and really competitory strategic advantage, and constructing it into the nucleus of any concern and research worker ( I ) believe, it is t he lone means to guarantee that your company will be survive and companies can construct more of their stockholders value in pecuniary term.8. Economic Value added ( EVA ) :EVA is the innovation of Stern Stewart & A ; Co. , a planetary consulting house, which launched EVA in 1989 ( Virtanen and Salami 2001 ) . EVA is Economic Value Added, a step of economic net income. It is calculate as the difference between the Net Operating Net income after Tax ( NOPAT ) and the chance cost of invested Capital. This chance cost is determines by the leaden mean cost of Debt and Equity Capital ( WACC ) and the sum of Capital employed ( Joseph et al. , 2005 ) . Harmonizing to Stewart, ( 1991 ) given the utility of the step, many companies have adopted it as portion of a comprehensive direction and inducement system that drives their determination procedures. They strive to increase their EVA by: Increasing the NOPAT generated by bing Capital Reducing the WACC Investing in new undertakings where the Return go over the WACC Depriving Capital where the Return is below the WACC Such focal point on value creative activity has provided and served the stockholders good and this is the right manner. 9. Market Value Added: MVA is a computation that demonstrates the difference between the market value of a company and the capital contributed by investors ( both bondholders and stockholders ) .A In other words, it is the amount of full capital claims, which held against the company, plus the market value of debt and equity. It is calculated as MVA= Company ‘s Market Value- Invested Capital ( Lin and Wang, 2003 ; Stock research, 2009 ) . 10. Difference between economic value added and market value added: Economic value addedA ( EVA ) is a public presentation step the true economic net income produced by a company ( Baker, 2001 ) . It is often besides demoted to as â€Å" economic net income † , and provides a measuring of a company ‘s economic success ( or failure ) A over a period. Such a metric is utile for investors who desire to find how good a company has produced value for its investors, and it can be compare against the company ‘s equals for a speedy analysis of how good the company is runing in its industry ( Pike and Neal, 2006 ) . Harmonizing to Tauba, 2003 ) market value addedA ( MVA ) , on the other manus, is merely the difference between the current sum market value of a company and the capital contributed by investors ( including both stockholders and bondholders ) . MVA is non a public presentation metric like EVA because MVA reflecting more likely intangible prosodies compare to EVA so EVA is a wealth metric is straight related to stockholders wealth and mensurating the degree of value, and a company has accumulated them over clip ( Taube, 2003 ) . As a company executes good over clip, it will retain earnings.A This will retrieve the book value ofA the company'sA portions, and investors will probably offer up the monetary values ofA those portions in outlook of future net incomes, doing the company ‘s market value to lift ( Taube, 2003 ) . As this happens, the difference between the company ‘s market value and the capital contributed by investors ( it is MVA ) represents the extra monetary va lue the market assigns to the company because of it past operating successes.11. Advantages of Shareholder value analysis:SVA has the undermentioned advantages: ( Aglietta, 2000 ) : It obtains a long-run fiscal position on which to establish strategic determinations It offers a universal and general attack that is non capable to differences in companies ‘ accounting policies and is hence applicable internationally and across concern sectors It forces the organisation to do topographic point and focal point on the hereafter and its clients, peculiarly the value of future hard currency flows Advantages are great as these been described earlier and these forces company ‘s direction to follow and understand the model for mensurating SVA.12. A model for Determining SVA:Harmonizing to Tahir and Conway, ( 2009, pp-7 ) All finding Framework should hold implicit in rules and that prosodies should be link to concern scheme and those cardinal elements which as followers:Tax return on selling investing:Shareholder value is calculate by spliting the estimated entire net value of a company based on its present and future hard currency flows by the value of its portions of stock. The resulting figure indicates the company ‘s value to shareholders ( Pike and Neal, 2006 ) .Customer satisfaction:Satisfaction is the major driver through which keeping rate of client ( repeat purchase ) achieved, greater the merchandise and service public presentation greater the client delectation, which has ultimate, impact on more gross revenues therefore stockholders wealth can be increase ( Kotler and Armstrong, 2002 ) . Without vacillation, the stakeholder group seen to make the greatest challenge to the laterality of stockholder involvements is clients. It is inexplicit that no company can make great wealth for its stockholders without a stable and turning gross base watercourse, which can merely come from holding really satisfied and loyal clients. However, this consequence is by no agencies mechanical. It is possible to achieve high degrees of client satisfaction and yet be unable to interpret this supposed advantage into adequate returns for stockholders, allow entirely great wealth ( CIM, 2002 ) . In add-ons, client satisfaction will take topographic point when the merchandise or service meets or exceeds outlooks and is obtained at a monetary value no higher than its evident value. Furthermore, to the value perceived by clients, every merchandise and service besides contributes some to stockholder value. The size of this part will depend on the volume sold, the monetary value realized, the cost of doing and presenting the Product and service to clients and the needed investing. These factors interrelate to bring forth a hard currency flow watercourse for the concern. The present value of this hard currency flow watercourse determines the pecuniary advantage to stockholders of bring forthing and selling the merchandise or service ( McTaggart and Kontes, 2007 ) .Market portion in targeted sections:The company scheme must work to increase the figure of clients on regular footing as greater the figure of metameric market greater the public presentation of the company.Brand equity: Harmonizing to Doyle, ( 2001 ) Brand is now, recognised by investors as a important beginning of strength and value for concern selling scheme. Brand equity of a company drama positive function in increasing the wealth of their stockholders ; so in this respect, direction plants and develop business-marketing scheme, which must do alliance with trade name and its development ( Baker, 2001 ) .Enterprise administration:It is the set of duties and patterns exercised by the board and effectual direction with the end of supplying and implying strategic way through guaranting organizational aims have achieved, and besides determining that the hazards are managed suitably by verifying that the administration ‘s resources are used sanely ( Denis and McConnell, 2003 ) . In concern, a common set of recognized concern theoretical accounts and a procedure for developing a set of prosodies related to hard currency flow results and it is of import to cognize it is the cardinal country of SVA programmes. Harmonizing to Tahir and Conway, ( 2009 ) to accomplish stockholders value the sustainable value creative activity attack is of import. Using the sustainable value attack ( as above ) economic, environmental and societal resources are assessed ( strategic survey ) and aggregated based on their comparative value part and can be articulate in a pecuniary unit or can be quantify.13. Research Purpose:The cardinal purpose of this thesis is to analyze the determiners of stockholders value analysis through a holistic attack by reexamining and analyzing how involvements of stockholders, are protected, and constrained throughout the life of a company. So the purpose of my thesis can be explained as it is: â€Å" Determining of Shareholder Value Analysis ( SVA ) Through Performance Management in Commercial Sector †13.1. Research Aims:What are the functions of stockholders value analysis in the strategic corporate scheme in the commercial sector?What are the determiners that play significance function to increase the stockholders wealth in the commercial sector? How do the value added determiners ( touchable and intangible ) have important impact on stockholders wealth in the commercial sector?14. Choice of Research Methodology14.1 Research ClassificationsResearch can sort into three groups as Pure Research, Applied Research, and Action Research ( Easterby-Smith & A ; Lowe 1991 ) . Each of these are distinguished by their features and intended results. These could be view as the followers: Pure research is indent to take to theoretical developments. It is consequences are circulating to an academic audience. Pure research can farther be branched into three categories- Discovery, Invention, and Reflection. Discovery arises when a new thought or account emerges from empirical research, which may revolutionise believing that that specific country. They are rare and unpredictable ( Easterby-Smith & A ; Lowe 1991 ) . Invention occurs where a new technique, method, or thought creates for a peculiar issue, based on the direct experiences of their discoverers. Examples include Scientific Management Total Quality Management ( TQM ) . Contemplation like the one the name suggests, occurs where an bing theory technique or group of thoughts are re-examined. Applied Research is undertaken when solutions to specific jobs are required. It normally involves working with clients who identify the jobs and are involved in the solution. The consequences so reported to the client and disseminated through diaries and other publications ( Sutherland, 2004 ) . Action Research deals with the position that research should take to alter, which should integrate into the research procedure itself. It operates based on engagement ( Salford University, 1999 ) , and stresses the importance of set uping a collaborative relationship between the research workers and researched a â€Å" new paradigm † research attack. It is largely utile when working with persons or little groups ( Easterby – Smith & A ; Lowe 1991 ) and most suited to state of affairss where alteration has planned or at hand ( Salford University, 1999 ) . The research procedure itself is portion of the acquisition procedure.14.2 MethodologyHarmonizing to Burns and Bush, ( 2006 ) methodological analysis refers to the scientific discipline of finding appropriate methods to carry on research. Collis and Hussy, ( 2003, pp-82 ) refer the word research: â€Å" Methodology associates to the overall attack to the research procedure, which is theoretical base of aggregation and analysis of the information, considered † . Similarly, the analysis of the rules of methods, regulations, and posit ( hypnotized or assume ) employed by a subject the systematic survey of methods that are and it can be, or have been applied within a scientific subject a certain process or set of processs is called Methodology. Methodology moreover refers to more than a simple set of methods ; it refers to the principle and the philosophical premises that underline a peculiar survey. Research methodological analysis frequently refers to anything and everything that enclosed for a subject or a series of procedures, activities, and undertakings. Few illustrations can happen in package development, undertaking direction and concern procedure Fieldss, and other Internet selling ( IMA ) research. This usage of the term is unified by the lineation who, what, where, when and why. Harmonizing to Collis and Hussey, ( 2003 ) research methodological analysis determines the research whole procedure from the beginning to the terminal. They besides highlight the research doctrine, which refers to the premises refering the universe and the nature of cognition The term methodological analysis may be used either to â€Å" mention to the chief paradigms of an attack † ( i.e. qualitative or quantitative ) or to specify â€Å" an operational research technique † which can be completed through Questionnaire- Based Structured, Case Study Technique and Semi- Structured Interviews ( Yin, 2002 ) . In the first case of usage, there are two different research attacks to the aggregation and handling of informations – the Quantitative and Qualitative Approaches. 1. The quantitative attack or scientific method ( as it is besides known ) , is founded on the averment that there is a individual world, which is nonsubjective. It is hence possible and necessary to Separate the phenomenon from the environing environment and do a separate appraisal. Maintain distance and objectiveness from the research topic Observe without inter-relating to what is observed 2. The qualitative attack on the other manus has an opposite position. It is base on the premises that there is no remarkable aim world and that the nature of the ascertained world is in some manner related to the research worker ‘s interaction with it. It is a realistic though complex survey since it does non enforce any isolating premises or controls on the phenomenon. This attack yields rich, complex informations and the findings focal point on the qualities of the research topic, instead than their numeral measuring ( Salford University, 1999 ) . This theory is instead better for theory edifice so proving. A instance survey attack to action research will chiefly be usage in this survey. Case surveies can categorise as the followers ( Yin 1994 ) : Exploratory- normally focuses on theory development Explanatory- involves hypothesis testing. Descriptive- describe an uncontrived state of affairs Further Amartunga, ( 1998 ) stated that a instance survey attack to research is ideal when a holistic, in-depth probe is needed, to research those chosen state of affairss, To look into a modern-day phenomenon within its existent life context To convey out the inside informations from the point of view of the participants by utilizing multiple beginnings of informations There are many benefits of utilizing a instance survey attack as listed ( Yin, 2002 ) : Rich penetration, into the issue under consideration Provision of illustrations Flexibility Bridging spread between industry and academe Development of a web of people Permission of multiple beginnings of information and stuffs On the other manus, there are many troubles associated with the instance analyze attack excessively: A inclination to be excessively descriptive Trouble in screening out proper information: volume of informations generated By and large do non seek to analyse issues Decision may be statistically limited Tend to capture the experience of an organisation merely at a peculiar period of clip For Secondary informations there are following resource have to be look to roll up research stuff and information for farther research they could be hold relationship up to some extent but it is great aid to get down primary research as: Customer records ( e.g. regular purchaser ) History Gross saless figures Operational informations – stock degrees Customer satisfaction study consequences Ad spend Customer ailments records Effective informations from promotional runs ( good consequence ) Marketing research studies from past surveies14.3 Data Collection and AnalysisData collected chiefly through study scheme carried out by the research worker, consequences will so analyse. The secondary agencies of roll uping informations for the research through literature reappraisal. This takes the signifier of books, academic and professional diaries, posters on cyberspace web sites and newspaper articles. Last, semi-structured ( Qualitative ) interviews will hold taken in order to flesh out issues and find industry place and sentiments sing assorted issues.

American Cultural History

There are many transformations that affected American life from 1940s-1970s various changes and developments occurred during these decades that influenced the culture of people in regards with sports, ,movies and the impact of reality TV to the people. First is in terms of sports, World War II has a great impact on sports since it able-bodied met between 18-26 years old who were expected to serve the military. There is a shortage on baseball bats and bowling pins but the professional sports is still encouraged to continue to improve the troops morale.In 1941, 2 platoon football was allowed and no substitutions are allowed except from injuries until fee subs was allowed in 1942 and the Army Navy game was played in Annapolis. In 1948, football was considered as the game of strategy. Basketball was not affected that much by the war. In 1946 the Basketball Association of America was founded which sooner merged with National Basketball League in 1949 and formed the NBA. Boxing was also in big money during these times because of gambling.Golf Associations were also founded in 1946 (Womens Professional Golf Association) and 1949 (Ladies Professional Golf Association). Moving to the 1950's people began to love sports even more and popularity is gained not based on social status but on the athletes capability. Television gave sports more fans and College football was widely followed. Professional golf was also popular and produced golf stars like Ben Hogan and Arnold Palmer. In 1952 and 1956 Olympics is organized and the cold war between countries became very fierce.In 1960'2 Olympic games was held three times and produced gold medals and world records for Americans Otis David in 400m and Glenn Davis in 400m hurdles and the famous Muhammad Ali who won as light heavyweight boxer gold medalist. Palmers continuous championship in golf was also in 1960s. Television opened major changes to sports since business goes hand in hand with sports and exploits more profits in the s ports market. Professional athletes demanded to be bid and the right to market themselves to the highest bidder. This also made way for athletes to be product endorsers and print models.Movies during the 1940's were heydays since movie propagandas are more on essential industry for morale. Plots of movies has fairly narrow and predictable sets of morals and where villains are one dimensional like Germans and Japanese. Disney's animated career was also produced like Dumbo in 1941 and Bambi in 1942. Better role for black actors was also being fought during this decade. In 1952 3D cartoons made debut with Bwana Devil Cinerama and colors are use as special effects to lure audiences. in 1956 people began to realize that movies are too expensive and opt to stay home and just watch television.by 1960, musicals became movies like Sound of Music and My Fair Lady. the famous Marilyn Monroe died in this year and made her movie fans sad, Movies has themes in politics and comments on racial issu es like the Movie Dr. Strangelove. Sex becomes more explicit and occasionally non-traditional and Violence was also promulgated in this time that resulted MPAA to develop a new film code. 1970 is a big comeback for movies after Television's dominance blockbuster movies were produced in Dolby Sound and win the people's heart into watching movies again.Science-fiction films like star wars made top grossing films ever and disaster movies fascinates people as well. As the war ended in 1940, 5,000 black and white TV sets can be found in American homes and made people be entertained and informed at the same time. one popular radio show was broad casted on Tv entitled the Original Amateur Show and the slapstick comedy Texaco Star theater was also launched. Children's TV kicked off in 1947 in Kukla, Fran & Ollie which was followed by Howdy Doody Show.In 1950's television dominated the mass media and captured people's interest to stay in their homes and watch televisions as past time. More y oung people opt to stay at home for longer hours and watch TV rather than go out and go to school. People accepts that what they see on TV because it is an eye witness to the events that happens greater reliance on TV news is accepted by viewers as credible sources of information. In 1954 the black and white TV became colored in broadcast and th American family loves soap operas and variety shows.The second prime time cartoons The Flintstones was offered in 1970 and appealed both to young and adult. The Andy Griffith Show serves as the epitome of prime time family tv while situational comedy like The Beverly Hillbillies arises as Sitcom. humor was revived in Laugh in during the late 1960s. The television leads to social satire issues and other controversial issues like abortion, race and homosexuality. It mirrors reality and how people treats such issues. TV miniseries that shows greater appreciation of whites was shown in Roots.The American contemporary family was portrayed in The Brady Bunch and gave us a glimpse of reality about American families. News are relatively publicized to feed information to people like the Watergate scandal produced by Corporation for Public Broadcasting and also made Sesame street to cater children's entertainment. The television set has become one of the common source of knowledge and entertainment nowadays. Since it was made available by the late 1930's it has become a common household communication device up to the present times.As innovation continues, this electronic device disseminates information and has strongly influenced the viewers in many aspects. Through continuous innovation in television programming, people learned to appreciate what has been shown in their TV screens and eventually lead to imitation and social influence when dealing with other people. Reality is necessarily manipulated when events and people are relocated into news or prime time stories. The media can impose their own logic or assembled materials in number of ways including emphasizing certain behaviors and people and stereotyping.Television can distort people visually through camera perspective and other techniques. Rhetorically, people can be portrayed with different labels. One of the most obvious ways in which media content structures a symbolic environment is simply giving greater attention to certain events, people, groups and places than others. The reality television has also attracted criticisms from those who feel that the occurrence of this genre of television has come at the cost of scripted programming.But whatever many critics and people would say, still, reality television shows impart social values, attitudes and behaviors to its viewers. People cannot avoid the truth. It will come in both positive and negative sides of life. As far as our society is concern, this is the balancing nature to reach progress and continue to evolve along with its people and culture. Reality Television is the visible evidence of p rogress and a medium of change to any kind of society but it could also bring the negative aspects in the society.To adapt it or not, it is still the real world that we are living in and the real mind that goes on deciding. People could imitate behaviors that they saw; those behaviors would be reinforced and therefore learned. Real, Whether reality TV ultimately fades into television history or continues to evolve with the medium as a unique genre, for over fifty years it has offered interesting, often controversial entertainment. Reality TV, debates the social, psychological, and ethical impact of reality TV as they explore and gives us fascinating aspects of American entertainment culture.

A management meeting Essay

Locate and book room/s with suitability for the meeting (teleconference facilities, IT equipment etc). Ideally, 1 large room with 3 smaller meeting rooms for the group activities later in the day. Seating would need to be arranged as there will be people on teleconference, they will need to hear anything being said in the meeting. 2. Send out meeting invites to all attendees. This would list the venue, date and time, speaker, contact details. An agenda of the meeting would be the best way to send out these details as it lists all that information and lets attendees knows how the meeting will be run. 3. Any travel/accommodation for interstate attendees would need to be arranged. Also the same for the guest speaker (if needed). Transfers to and from the airport would be advisable. 4. They would need to ensure if there are any special requirements for the attendees (dietary, mobility, language etc.) and make special arrangements if anything is required – Vegetarian food, wheel ch air access, interpreter etc. 5. Arrange IT equipment to be made available for presentation. This could be either through your company if they have the available resources. If not, they may be available already in the meeting rooms you have booked or you could us a 3rd party. 6. Lunch will need to be ordered. Again this may be able to be arranged with the meeting rooms you have booked or you can organize a local caterer. At the same time you could organize refreshments for afternoon tea (and morning tea if required). 7. Ensure all stationary available and if not it will need to be ordered. This could also be for group training later in the day. Butcher paper, whiteboards etc. could all be used if it’s a brainstorming session. 8. Name tags could be organized if managers do not know each other and also may help the presenter for the group meetings. 9. On the day of meeting, all IT equipment should be tested prior to the meeting taking place. Room should be set up according to needs and re-arranged if it’s not correct. 10. A chairperson would need to be selected to run the meeting. The CEO will be the chairperson for this meeting. As the chairperson, they would need to ensure the meeting runs on time, stays on topic and stick to the agenda. 11. The chairperson (the CEO in this case) would need to select a minute taker – this could be a PA or  someone else from the company. It would be helpful if they have taken minutes before or at least are capable of recording a high level of detail at a high pace. They could either take 12. minutes in short form at the meeting and expand on it after or type directly to a PC in the meeting and print out directly after the meeting to be review. 12. Prior to the meeting, the CEO and selected minute taker would need to sit down and discuss what will be spoken about in the meeting, the order of events and just a brief overview of all the key points that will need to be recorded. This way the minute taker knows what they should be focusing on when making notes. 13. Once the meeting is finalized the minutes of the meeting will need to be read through and expanded into a format that can be distributed to all attendees and anyone who may benefit from them. It would be best for the CEO and the minute taker to go through these soon after the meeting to ensure the notes are correct and no key points or discussion points are left off. Once they have had a chance to go through the notes – the minute taker can put into a format which the company uses and can then look at distributing via email, fax or mail. This is also best to be done as soon as they can so it is fresh in everyone’s mind. The minutes from this meeting (and others) should be stored electronically so they can be referenced to in future meetings if needed. 14. All the bookings/arrangements need to be checked off to ensure they are still booked/on time and that no problems are going to arise. This could be done by either the CEO’s PA or generally it would be organized and checked by the Marketing department for the company as they deal with these things on a day to day basis. They would need to call the caterers, travel agents, taxi companies, audio visual people and meeting facility to ensure everything is ok – this needs to be done around 2 days before. Any earlier and there could be problems between when you call and the actual function – any later and if any problems arise it could be too late to make alternative arrangements. 15. From the minutes of the meeting, reports may need to be created to be handed out to relevant employees of the firm. These may have the same details as what is in the minutes but in a more condensed format. It may also include graphs if figures/dates were mentioned and tables to make it easier to understand. They could also include any tasks that have  been assigned so people know who needs to be followed up.

Education for Learners with Diverse Needs

This paper is design to make an apprehension of larning disablements, communicating upsets, double diagnosing every bit good as giftedness. In add-on to the constitution of bring forthing a positive acquisition environment for kids with damages will maximise their accomplishment. To understand each type of disablement reference above we should look at the features, causes, and definitions of each signifier of disablement and upset to better heighten the acquisition environment for both the pupil and the instructor. As a particular pedagogue, it is an imperative facet to remain abreast of all upsets we come in contact with to bring forth a quality instruction for all those involved. For many pupils with disablements and for those without, the cardinal success in the schoolroom lies in holding version, adjustments and alterations made to the course of study and direction and other schoolroom activities. Learning Disabilities There are many definitions of larning disablements. However, the most use comes from Persons with Disability in Education Act ( IDEA ) . It defines larning disablements as assorted cognitive or psychological upsets that impede the ability to larn, particularly on that interferes with ability to larn math or develop linguistic communications accomplishments ( listening, reading, authorship, and talking ) ( IDEA 2004 ) . Some features of larning disablements are kids holding a shortages in the country of reading and written linguistic communication that can non do connexion with similar constructs in larning math ( can non link 3 + 5 = 8 when asked 5 + 8 peers ) , trouble in believing in consecutive or logical order, holding behaviours in the country of non being organized and losingss things. No 1 is precisely certain what causes larning disablements. Experts are non certain to the causes. The differences in how a personaa‚Â ¬a„?s encephalon plants and how it process information can be from encephalon harm, heredity, job during gestation and the environment the individual lives in. Presently there is a prevalence figure of 45.3 % of school- elderly kids in the United States classified as holding a specific acquisition disablement and have some sort of particular instruction support ( United States Office of Special Education, 2007a ) . Communication Disorders Communication Disorders is the address and linguistic communication upsets that relate country such as unwritten and motor map. It can be verbal, gestural or a combination of both. It revolves three constituents ; transmitter, message and receiving system. Language ( the system of symbols used to show and have significance ) is a factor in each component of the procedure ; address ( the systematic production of sound ) is a factor in verbal communicating. . Communication upsets include speech upsets of articulation, eloquence, and voice, and linguistic communication upsets. It may run from simple sound repeats, such as stuttering, to occasional misarticulation of word and complete inability to utilize address and linguistic communication communicating. A kid who is linguistic communication impaired should demo accomplishments in the primary linguistic communication that are below those expected for his/her chronological age. The prevalence of linguistic communication shortages in the school-age population in the United States is about 2.5 % . and 50 % of kids who receive particular instruction services from other disablements ( Hall et al. , 2001 ) . An apprehension of normal forms of linguistic communication acquisition is an of import portion of placing kids with linguistic communication upsets and developing redress plans for them. It besides involves testing, measuring, naming and doing appropriate arrangement determinations. Giftedness Gifted kids may demo outstanding abilities in a assortment of country including rational, academic aptitude, originative thought, leading and the ocular and executing humanistic disciplines. They besides show the ability to happen and work out jobs rapidly. The full development of the talented pupil depends on his or her environmental context, strong encouragement, and support from the household and societal groups ( Sydney Marland 1972 ) . Longitudinal surveies of talented kids indicated that most of them are healthy and good adjusted and achieve good into maturity, with some exclusions that are underperformers. Teaching cognitive schemes, job determination, job resolution, and creativeness are some features that particular plans focus on for talented pupils. Effective job determination and job work outing accomplishments depend on the individualsaa‚Â ¬a„? flexible usage of his or her cognition, construction and creativeness. In add-on, it depends on the capacity for divergent thought, a willingness to be different and strong motive. Underachievers have feeling of lower status, outlook of failure and low ego assurance. The prevalence of giftedness is about 10 % to 55 % of the school-age population of kids who are identified ( Gagne, 2003 ; Renzulli & A ; Reis, 2003 ) . To bring out the abilities of kids who come from cultural subgroups, particular designation methods and processs that depend less on anterior cognition and experience and more on logical thinking and originative thought are necessary. Children with physical and centripetal disabilities can be intellectually gifted, but frequently their abilities are undiscovered because pedagogues do non seek for their particular endowments. Double Diagnosis Fredericks Baldwin ( 1987 ) suggested that the term double diagnosing be used with great attention, mental wellness upsets is one disablement with secondary features turning out of the deficiency of environmental input that is from the centripetal disablement. Unfortunately, some kids with certain damages struggle in category and have behavior jobs. Often these conditions may be a consequence from holding to fight in category or emotional wellness that possibly cause by attending shortage upset ( ADD ) or Attention deficit/hyperactive upset ( ADHD ) . However, IDEA has a job in the figure of kids that qualify as a handicapped. Furthermore, Pinborough-Zimmerman, Satterfield, Miller, Bilder, Hossain and MaMohn ( 2007 ) findings confirm that 6.3 % of school aged kids were having address therapy services and co-concurring conditions like rational disablements, autism spectrum upset and emotional behaviour upsets. In the public school system the Numberss have a sedate deduction to supply indispensable service for these kids. Course of study There should be a distinction course of study to function all scholars, irrespective of ability, disablement, age, gender or cultural and lingual background. Curriculum should be modified suitably. First there should be alteration of larning disablements in the country of math, reading and linguistic communication. In communicating upsets the instructor should do certain she speak with pupils with damage the same manner he/she speak to the regular instruction pupils. The course of studies for talented pupils are lesson, assignments, and agenda alteration are lesson generated toward higher order of thought, content alteration, and promote group interaction. Some theoreticians besides suggest that course of study demand to be in footings of the acquisition environment. The cardinal characteristics of educating a kid with any disablement or upset is to concentrate on orienting the course of study in the countries of strengths, failings, demands, involvement, ability and feature of the kid. It is of import to understand the differences in order to indentify, buttocks, evaluate and rectify the pupil. Decision Finally, the of import of regular instructors and particular pedagogues are arm with the cognition, preparation and information in respects to disablements. Students with communicating upsets, giftedness, and besides any other learning disablements can larn and be successful in faculty members. Professional can fix course of study and appreciate the critical characteristics of services for particular need pupils. By modifying lessons for pupil and giving adjustments to these pupils with other schoolroom activities.

Sexual Harassment Case Study Essay Example | Topics and Well Written Essays - 1000 words

Sexual Harassment Case Study - Essay Example Therefore, the decision that she took is subjected to discussion so as to reveal the appropriate way forward. Ordinarily, Helen does not want to disclose the issue the University council due to personal reasons. This is because she fears that the information may blow like wind and she may be the subject of discussion across the campus. This may bring trauma and she will be a laughing stock since she is a member of the campus sorority. This may also affect her performance in the classroom. Helen decides to report to the counseling service that is staffed by the University psychologists; here she believes that the information will not be disclosed. Legally, the clinical psychologists are bound by the Universities policies due to the fact they signed the article of association with the institution to reveal all the sexual harassment cases. It is therefore wise for them to remain faithful to their employer. However, this should be done within the clients-patient privilege of confidentiality. Professionally, the clinical psychologists are secret agents and that is why Helen resolved to them. In the course of counseling therapy, Helen should disclose all her victimization and any other information that appertains to the sexual harassment. The psychologists having undergone thorough training should be in a position to explain the importance of revealing the information to the University and the importance of stopping the person in advance. However, they should assure Helen that the information will not be mishandled because they are secret agents. They are trained and therefore should perpetuate the policy of client-patient confidentiality. The clinical psychologists are mitigates of problems and therefore should report the incident to the University. This is because Helen was assaulted twice which implies that the character in question is a serious perpetrator of sexual harassment and has some element of

A Marketing analysis of Italian wine in the Chinese market Dissertation

A Marketing analysis of Italian wine in the Chinese market - Dissertation Example Political Political factors play an important role in the performance of businesses in the long run. In China, political risk is relatively low compared to other emerging economies in the world. This is because China follows a one party policy, which reduces chances of political parties among opponents. The central government of China has recently revised its taxation policy in order to help it encourage wine business in the country. The government has taken the initiative to provide funds for the infrastructural projects that would help the wineries in their process of production (Daft, Kendrick and Vershinina, 2010). In case of a political framework, in which there is the existence of more than one party, as the ruling party changes, it leads to the change of ideologies and policies. The one party policy in China acts as a favourable factor for any business operation in the country. Therefore, the wine industry faces positive thrust in China. Import of bottled wine has increased be tween 2004 and 2009 as shown in the graph below. It can be seen from the figure that imports from Italy have increased considerably after 2006. Figure: Imports of bottled wine by China (Source: DPI, 2013) However, there is little transparency in the political system of the country. There are wide assortments of different rules encompassing the businesses in all industries in the country. Such regulations increases challenges for the investors that are currently investing in the country or are willing to invest in the near future (Collins, 2013). Economic China is the largest economy in the world in terms of population and the ranks third in the world in terms of purchasing power parity (CIA, 2013). According to 2012 estimate, the real growth rate of the nation is 7.8 percent and per capita GDP is $9300 (CIA, 2013). There is a rising middle class in China that possesses high purchasing power. This middle income group in China makes very high demand for luxury goods in the internation al market (Zhou, 2010). With rising income of the people belonging to the middle class in China, their exposure to the international market is increasing and they are becoming more accustomed to the western culture. This develops taste among the population for luxury products, such as high quality refined wine. This provides positive incentive for the wine manufacturers to increase their operations in China. According to comments by experts, in years to come, the Chinese â€Å"middle class† would become one of the greatest stakeholders for the wine firms. With evolution of the Chinese economy the society is also advancing. A greater proportion of the population is entering the middle class (Okonkwo, 2007). They are having high average earning and are influenced by the western culture to a greater extent. These people are becoming loyal customers of wine. Besides, increasing price differentials in the international market is a major factor that brings about growth in the Chine se wine market. Social China has a long history of brewing wine and there is a tradition of wine consumption in the country. Research shows that the consumption of wine by the Chinese population has been increasing over the last decade. Researchers have claimed that consumption of wine in China would double by 2014 (UPENN, 2012). The reason behind this change

Business and Project Management Coursework Example | Topics and Well Written Essays - 2000 words

Business and Project Management - Coursework Example In alignment to the intention of the brand, the statistical report regarding the market share of motorcycle manufacturers in the UK also appear in favour [4]. A close evaluation of the brands’ performance reports revealed about its positive growth figures in the present market scenario. If seen from the statistical perspective, one can say that this brand has successfully attained a growth figure of 12 per cent in terms of product and service sale by the end of 2012. Justification regarding this aspect can be provided depending on the fact that each of these growth reports was released by the ‘Society of Motor Manufacturers and Traders’. In an associate manner the sales figure attained by Vauxhall Motors during the period of 2013, hiked the previous year sales figure by 1.93 per cent. The financial year (2013) of this brand was accompanied with the release of multiple new models of commercial cars and passenger vans [6]. However, despite the slight drop in the sales figures of 2014 (11.14%), still Vauxhall Motors succeeded in turning the UK as its fourth largest profitable market. In addition, implementation of innovation within the provision of financial and comprehensive customer services have further helped in terms of boosting up the sales figures of 2014. Taking reference of all these aspects, one can easily say that Vauxhall Motors will have a profitable business opportunity in context to plunging its feet in the heavy two wheeler segment [6]. However, within the forwarding initiative Vauxhall Motors will have to make significant amount of investments to determine its potential and expertise of penetrating the over flooded two wheeler manufacturing and distribution segment within the UK. Likewise, the brand will also have to strategise and formulate effective marketing and customer convincement techniques in order to turn its heavy motorcycle manufacturing initiative into a success [6]. In addition, one

Childhood Obesity in the United States Research Paper - 2

Childhood Obesity in the United States - Research Paper Example Here, the whole research entailed 8,500 children under the age of four years. The outcomes were alarming in that, almost 18 percent of the children were diagnosed with obesity. Due to this high number of affected children, Hubbard, the author affirms that it forced the researchers to inquire the cause of this veering phenomenon. It became known that a number of household routines gear up a predicator of the obesity in the United States. It follows that these household routines are viewed as easy to initiate in that its accomplishment does not actually entail a cost. For instance, families that have established good or considerable routines family meals, this has proved to be positive to children since it results in improved academic results in children, risk of using drugs and alcohol, attention as well as overall wellbeing.Luck of family eating together, proper sleep just to mention but a few has constituted to the issue of increased obesity in children in the US, this is according to the above article.Hubbard affirms that teens should be made to follow a certain healthy schedule, for instance, they should b made to not when to go to sleep. Secondly, he reminds the parents that children under the age of two years should be denied the chance of watching television, and those above the age of two should watch television but in not more than two hours. It is difficult to understand its co-relation with obesity, the truth is that this author followed the direction by the American Academic of Pediatrics.

Business Law Essay Example | Topics and Well Written Essays - 1250 words - 3

Business Law - Essay Example FMLA is focused at addressing five major issues. First, the Act covers the birth of the employee’s child and the care of the child. Secondly, the Act caters for the placement of an employee’s child for foster care or adoption. Thirdly, family and medical leave Act of 1993 caters for the care of the employee’s parent as well as the child either a daughter or a son with serious health problems (Family and Medical Leave Act Regulations.1990). Fourthly, the FMLA caters for the serious health condition of the workers that makes them not to perform their duties as required by their employers. Fifthly, it caters for any qualifying exigencies that may arise due to the deployment of the employee’s family member. Upon returning from their leave, FMLA requires that the employers must provide the employees with protection and benefits that they may have received if they were working. Most notably, the act covers 4 aspects that the employers must provide to the eligibl e employees who return from their leave (Galinsky et al, 2008). First, employees must be provided with the health benefits that they would receive if they were working. Secondly, upon returning from the leave, the FMLA requires that the employees must be restored to the same position. ... alth condition or that of a family member must be allowed to have a leave to attend doctor’s appointments for such cases as chemotherapy and psychological counseling among others. Family and medical leave Act of 1993 requires that an employee must provide an employer with a 30 days notice of his or her intention to take a leave (Family and Medical Leave Act Regulations.1990). In cases the leave comes due to emergency, it is the responsibility of the employees to notify the employers as soon as possible. Similarly, the Act maintains that an employer may request for a medical certification in case the employer is taking a leave due to serious health problem related to him or her or a family member. In situation A, employee A was eligible for the 11 weeks leave since he had worked in company X for 12 years. On his part, the new manager reinstated the employee to his previous job at the previous rate of pay. This indicates that even if the manager was new, he acted within the requ irements of Family and medical leave Act of 1993. As indicated earlier, the FMLA indicates that the leave must be unpaid, implying that employee A was not eligible for the salary from his 11 week leave. This indicates that by denying the employee the salary, the manager did not violate the law and as such there was no violation that occurred in this situation A. Situation B Age Discrimination in Employment Act of 1967 (ADEA) gives protection to the employees who are 40 years and above from been discriminated by their employers (Age Discrimination in Employment Act of 1967). According to this Act, that covers both the job applicant and the existing employees, it is unlawful for any employer to discriminate a worker based on his or her old age in respect to the employment benefits that includes

A report on what your local banker says he or she can do to help you Research Paper

A report on what your local banker says he or she can do to help you get paid from abroad by customers of your new small export - Research Paper Example Following section will discuss as to what our local banker can offer to us as an exporting company. Financing Facilities for Exporting Company During our discussion with the banker, we came to know that an exporting company can have access to different sources of finance to help it achieve its overall organizational objectives. First source of finance identified by our banker was for the purpose of meeting our working capital requirements including sourcing raw materials, managing our receivables as well as paying our overheads and salaries. Our banker informed us that exporters often enjoy concessionary rates of interest on such working capital facilities because they help bring the country the precious foreign exchange which is essential for managing balance of payments of a country. The export related financing for meeting our working capital requirements however, was related with our ability to take the new orders and financing, according to banker, will be limited to the amount of orders we receive. Another important source of finance identified by our banker was the discounting of letter of credits which we receive from our buyers in international market. As one of the conditions of our dealings, we will ask our customers to open a letter of credit in our favor thus providing us added security and safety.

ETH501, Business Ethics, Mod 4 Case Assignment Essay

ETH501, Business Ethics, Mod 4 Case Assignment - Essay Example ation is presented to us in the rejection of the promotion test results by the New Haven CT for its fire department due to the lack of minority representation. This paper aims to understand the managerial and organizational performance consequences resulting from a demographic representation in the workforce. After carefully analyzing the arguments and evidences available, a conclusion shall be made on whether organizations should indeed undertake a demographic approach in determining the composition of their workforce. Representation is one of the basic tenets of social justice especially in a society priding itself of civility. Morality and ethics dictate that all members of society should have the opportunity to contribute to the development process. Power should be distributed and not confined to a few for democracy to persist. Carroll (1990) formalizes these concepts to two principles: the Golden Rule and the Disclosure Rule. The former takes root in religion and history and states that ‘if one wants to be fairly treated then one should treat others fairly too’. The Disclosure Rule states that if you are comfortable with decisions after asking yourself if you would mind if others were aware of them, the decision is probably ethical. Velasquez (1996) states that the respect for fundamental rights emanates from the principle of Rights Approach where people should be given the right to self-determination and adequate opportunities to do so. Public service organizations will find these ethical and moral obligations as enough motivational reasons to adapt demographic representation in the workplace. Nonetheless, idealistic principles can often be disregarded by prejudiced preferences and operational requirements. This is especially true in business settings where the desire for production, operational efficiency and sales volume often take priority rather than moral and ethical obligations. Adapting a demographically representative workforce must have

Marketing Course Evaluation Essay Example | Topics and Well Written Essays - 1500 words

Marketing Course Evaluation - Essay Example Likewise, I have learnt that firms should emulate appropriate brand names and pricing strategies in order to enhance the perception, motivation and product awareness that play a significant role in the consumer buying process. In its effort to attain a competitive edge, Lockheed Martin Aeronautics Company has embarked on merging with other companies in its effort to market products such as C-5, C-130 and C-141. In the same way, the company emulates horizontal market system for example at one time it replaced F-117 with F-22 based on the consumers feedback. Actions that I intend to take to stay current in my field includes, post graduate course in Project Management, Six Sigma Black Belt Certification (CSSBB) as well as masters degree. In order to improve the value of this course to the working adults, it is essential for lecturers to allocate adequate time for theory lessons as well as practical sessions. In addition, marketers should be trained on how to use web 2.0 as a major marke ting tool. Introduction In the contemporary world, firms have emulated a number of strategies to remain competitive and retain their customers. Through the guidance of the marketing managers, companies have emulated aspects such as proper branding, effective product positioning and pricing as well as promotional strategies. ... that I have gained Target Markets One of the skills that I have gained from the course is that for a company to be successful, it has to aim at particular customers. Being one of the major marketing strategy, target marketing in collaboration with the marketing mix that include price, product, promotion and price is essential especially when firms are aimed at expanding their customer base. Market positioning and segmentation The course has also exposed me to product positioning. This entails the process through which marketers create an image or the identity of their products on the minds of their consumers. One of the vital objectives of an effective product positioning is that it creates a strong customer awareness thus generating repeated purchases leading to high sales. On the other hand, market segmentation involves classification of the customers based on one or more characteristics (Kotler et al, 2010). In this way, firms are able to identify groups of customers with similar needs. Examples of market segmentation that this course introduced me into include geographic segmentation, demographic segmentation, psychographic segmentation, segmentation according to benefits and occasions as well as behavioral segmentation. Connecting with customers Building customer value, satisfaction, and loyalty Through the course, I was able to gain adequate skills on how to build customer value by enhancing a positive relationship especially by ensuring that organisations address the problems faced by the consumers in a timely manner. In addition, to ensure that the consumers are satisfied, it is imperative to provide quality products that meet their needs (Paliwoda et al, 2009). One of the major ways of enhancing customer loyalty is by creating a positive company-customer

MANAGING CHANGE Essay Example | Topics and Well Written Essays - 500 words

MANAGING CHANGE - Essay Example These achievements however, have been coupled with various drawbacks but with the application of economic theories with an illustration of the Contingency Theory such hurdles are to be tackled. The study provides recommendations on the various aspects that require adjusting for the economies to thrive even more. With the onset of the financial crisis within the past decade, the financial markets in the Gulf region have undergone various changes and institutions and business entities have adopted new market strategies to counter the implications of the crisis. The Cooperation Council for the Arab States of the Gulf countries (GCC) - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates (UAE) are keen to improve their economic competitiveness in the international market. From the early 1970s to the early 1980s the GCC member countries made significant developments in the financial front. The financial institutions were beneficiaries of the lucrative returns brought about by the abundant oil revenue. At the time up to the 1990s, the primary focus of the institutions was on short-term lending trade, building and construction and manufacturing. With the 1990s came global financial integration that entailed the carrying out of economic restructurings especially due to the effects of the Gulf war. Technological novelty and new market strategies centred on consumer-based services were adopted. Following the Gulf war was a variation of loan problems in banks across nations affected by it. The financial set-up of the GCC has overtime faced a number of challenges that revolve around the augmented role of the private sector in the financial market, the high demand for new financial services and the aspect of global participation. Efficiency and productivity are therefore a principal concern in this modern age. The countries in the GCC have links with banks that are expansively

To what extent is increased legal regulation of the privately rented Essay - 1

To what extent is increased legal regulation of the privately rented sector justified and desirable - Essay Example the lower end of the market, thereby making life more unbearable for the tenant community.4 In some of the sub-markets that are characterized by a high number of claimants, the impact of this is especially acute with the landlords being able to set rents at levels that are artificially high to match the Local Housing allowance.5 Furthermore, the security of tenure (of between six and twelve months) availed by private landlords is not sufficient for families as well as those who have been shut out of the owner-occupation and social housing and who have to make the private rented sector their only option. The private rented sector has gone through extraordinary revitalization over the last twenty years to become increasingly critical to housing market and the benefit system considerations.6 Currently, there are approximately over four million houses in England that are privately rented. They account for about eighteen percent of all the family units.7 The industry has also doubled in magnitude since 1989 while having more households presently compared to social housing while occupation by owners is on the decline.8 These figures demonstrate the deteriorating affordability of private rented housing that an increasing number of people are forced to use as a consequence of the drop in social housing along with challenges to house ownership.9 All the solutions to the present-day housing catastrophe have to entail a considerable upsurge in the erection of new houses along with the social industry, but this does not imply that no action can be taken to lessen the related issues. In the mea ntime, scarcity is a major defining aspect of the home markets. Furthermore, in London, it remains conceivable that supply will hardly ever match demand. The above perspective of the U.K.’s private rented sector outlines the great importance it plays in the lives of people, mainly those living in the urban centres. It is this assumed importance against the need to protect the

Nelson Goodmanss New Riddle Of Induction Term Paper

Nelson Goodmanss New Riddle Of Induction - Term Paper Example The traditional problem of induction was popularized by David Hume and it reamined quite traditional until Nelson Goodman proposed a new problem which he called â€Å"the new riddle of induction† as expressed in the third chapter of Fact, Fiction and Forecast. By the new riddle of induction Goodman put forward a claim that not all generalizations are confirmed by their instances. In other words â€Å"confirmation of a hypothesis by an instance depends rather heavily upon the features of the hypothesis other than its syntatical form† (72). He distinguished the lawlike (that a given piece of copper conducts electricity increases the credibility of the statement asserting that other pieces of copper conducts electricity, and thus confirms the hypothesis that all copper conducts electricity) and accidental (that a given man now in this room is a third son does not increase the credibility of the statement asserting that other men now in this room are third sons and so does not confirm the hypothesis that all men now in this room are third sons) statements. Yet, both are cases in which the hypothesis is a generalization of the evident statement. Thus, Goodman argued: â€Å"only a statement that is lawlike – regardless of its trut h or falsity or its scientific importance – is capable of recieviing confirmation from an instance of it; accidental statements are not† (73). As such, there is need for a way of plainly distinguishing the lawlike from the accidental statements. However, the problem of induction goes beyond merely trying to exclude a few cases that are admitted by our definition of confirmation. Hence, Goodman proposed a new predicate, â€Å"grue.†

Before Sunset Essay Example | Topics and Well Written Essays - 1000 words

Before Sunset - Essay Example The movie has rightfully earned great critical acclaim for portraying the lives of two individuals, who love each other dearly but are always pulled apart because of their circumstances. Moreover, it was not just the plot of the story that was laudable but the premise of the film further entails several themes regarding the geographical and urban design of the contemporary society that has greatly isolated people and restricted interaction on a daily basis. Even in the past, films were tools that were used vastly as a means to promote a particular city or culture. The entire filming before sunrise was done in Paris, providing insight into how urban structure seems to have affected the lives of the masses. The film depicts the life of both the protagonists and the degree to which their lives had changed over the period of their separation. Both Jesse and Celine portray contemporary individuals, who experience the rising problems of an urban society; loneliness being one of the primary issues. This concept is called urban isolation, which arises as a result of the layout of our society that prevents social encounters and interactions. From architecture to the overall communication network, modern civilization has been developed in such a way to protect the privacy of individuals that besides making things easier for people often results in people becoming more and more distant from each other. As a matter of fact, from residential buildings to everyday travel, privacy and seclusion are marketed as an asset and this feature is being made more attractive that makes people want to achieve it. This aspect is ostensible in the movie through the segregation that is believed to have been prolonged because of this aspect of the society. From the first movie, both of them had been heading towards opposite directions, although their circumstances kept them from reaching out to each other, but the period of their separation was further

Property and Mortgages Essay Example | Topics and Well Written Essays - 1000 words

Property and Mortgages - Essay Example The general rule is that the interest reverts to the borrower upon completion of refinancing the mortgage. The history of mortgages dates back to the seventeenth century. Throughout this period, doctrines of equity have been applied to protect mortgagors from mortgagees’ exploitations. Statutory regulations have however recently been formulated to ensure mortgagors’ protection. The courts have similarly joined the efforts. The scope of mortgages covers any venture in which land is used, and is offered on any interest on land as well as other properties other than land. This paper seeks to investigate the statement that ‘mortgages are a suppression of truth and a suggestion of falsehood,’ mortgage destroys our economy. The paper will explore the legal aspects of mortgages with the aim of supporting the statement. Difference between legal and equitable mortgages The major difference between equitable and legal mortgage is the level of formality that is involv ed on the process of creating the mortgage. A legal mortgage requires strict formalities that include a written contract. All terms of the mortgage agreement are stipulated and the document signed. Equitable mortgages on the other hand involve deposition of title to the subject estate without making formal commitments. Legal mortgages are executable within the strict interpretation of the law of property act (1925) and must be under deed. This means that the mortgage binds any interest in the land, both original and transferred. An equitable mortgage is however informal and do not bind a purchaser in good faith who takes the property for value without the knowledge of existence of the mortgage (Slorash and Ellis, 2007, 121). Another difference between a legal mortgage and an equitable mortgage is the transferability of interest in the subject land. While property in the piece of land is transferred to the mortgagee under a legal mortgage, only possession passes in an equitable mortg age and the mortgagee has to seek judicial intervention for transfer of property in the land in case of a defaulted refinancing (Sharma, 2010, 212). Rights of the mortgagee The mortgage agreement creates a number of rights to the mortgagee. The first right that a mortgagee acquires is the right over â€Å"the promise to pay† (Williams, 2011, 90). This right is enforceable against the mortgagee or any subsequent owner of the land subject to the law of property act (2007) and the interpretation of the case of Nefson Diocesan trust board v Hamilton [1926] NZLR 342. The mortgagee also has a right to foreclosure and to gain possession of the land if the mortgagor defaults in payments after a notice after a notice (Williams, 2011, 92). There is also the right to put the piece of land under receivership or even to sell the property as was held in the case of Alliance &Leicester plc v Slayford [2000] EGCS 113. The same case provides legal ground for suit against the mortgagor’ s covenant (Pawlowski and Brown, 2002, 177). Rights of the mortgagor The mortgagor’s rights include the right to redeem the mortgage subject to the terms of the mortgage agreement as was illustrated in the case of Jones v Morgan (2001) (Dixon, 2011, 380). The redemption right can be enforced equitably or legally. Further, the mortgagor is entitled to right of possession, inspection of property and accession rights (Mau, 2010, p. 86- 88). Safeguards for borrowers Mortgagors are bound by the lending terms of their agreements that are enforceable under statutory laws. The doctrines of equity supplements statutory regulations to protect borrowers from exploitation. Mortgagor’s right of redemption is for instance absolute irrespective of the delayed

APA Style Essay Example for Free

APA Style Essay American Psychology Association (APA) formatting and style guide provides a complete dictionary for all the associated guidelines to format a document with citations and references. It is complete in form and offers descriptive illustrations to make citations, in-text citations, endnotes/footnotes and the organization of the reference page (Owl, 2007). The links provide full package information with examples to the citations and the layout of the reference pages. APA style is widely used in research papers, dissertations and essays and pictures used in the paper in citing others work which was included to illustrate the concepts and ideas in the paper. It is a standard used by universities all over. APA style is used to cite sources from authors, non-authors, sources from articles, electronic form of documents, emails, printed sources and other non-print sources. It provides basic rules at first to provide a background that references must be listed separately at the end with a page title called references. The following are the points in short: In case of listing using author’s name and title of the, it is done as follows: last name, initials, first name (year). Title, pub, edition, page number(s). For articles the names are listed as follows: Author, A. A. , Author, B. B. , Author, C. C. (Year). Title of article. Title of Periodical, volume number(issue number), pages. For books and other printed sources it is done as under: Author, A. A. (Year of publication). Title of work: Capital letter also for subtitle. Location: Publisher. Other sources are cited in almost similar format with little differences. The APA style guide is an excellent source to obtain all information about APA style basics and for citing and referencing all the sources. References Owl (2007). The Owl at Purdue. Retrieved 10, November 2007 from http://owl. english. purdue. edu/owl/resource/560/01/.

Subordinate work Essay Example for Free

Subordinate work Essay This has actually been socially recognized as a global repetition of proposals that later on endorsed the promotion of Canadian women in leadership to better disseminate the importance of their gender role in an ethnic and culturally diverse society. Canada has therefore recognized the efforts of women in a new economy build up of a diverse talent pool that sees accomplishments across presentations at public forums and media communications. Further, in the educational fields, despite being less motivated in studies relative to male-dominated professions like natural sciences, engineering and mathematics, the women folk continue to slowly dominate a smattering of educational endeavors which in the previous years were considered male dominated. The benefits attached to these fields are slowly embraced to leverage with respect for the gender differences among employees. We have seen the efforts of Canadian women who take tremendous strides in their educational attainment and become members of the legitimate professional workforce. Although a majority of around 70% according to the Status of Women (2000) is still in occupations such as teaching, nursing and related health occupations, their representation have slowly increased in professional administrative and managerial positions. Adams has endorsed the full professional recognition and legislation that completely overhaul the history of labeling women’s professions as subordinate work. Further, the recognition of women in various fields of science acknowledges Canadian women’s interest to work in the community for economic development. Through development organizations that have mushroomed around in Canada, women are given the opportunity to learn new skills and share their experience with others in an effort to uplift their femininity and promote a social and economic change for the female gender. With a commitment aimed at an economic independence the Canadian Women’s Foundation work in an effort to promote equality and eliminate poverty among women. Organizational leaders have realized that improving the lives of women and their families is an initial effort in promoting a socially relevant change the uplift the lives of women for the betterment of the general society. Works Cited Canada. Status of Women 2000. Roscoe, Will, Ladd, Edmund (Eds. ). (1999). The Zuni Man-Woman in Life. New Mexico: University Press. Adams, Tracy. (2003). Professionalization, Gender and Female-Dominated Professions: Dental Hygiene in Ontario. The Canadian Review of Sociology and Anthropology 40. Pierson, Ruth R. and Cohen, Marjorie G. (1995). Canadian Women’s Issues: Bold Visions. Canada: James Lorimer.

Environment Essay: The evolution of the linkage between the environment and human rights

Environment Essay: The evolution of the linkage between the environment and human rights The United Nations (UN) Conference on the Human Environment, held in Stockholm in 1972, declared that: mans environment, the natural and the man-made, are essential to his well-being and to the enjoyment of basic human rightseven the right to life itself. Today, the relationship between the environment and human rights has long been recognised and has evolved in many ways. This essay will attempt to analyse the connection between the environment and human rights. Because of limitations on length, it will broadly place human rights within the framework of a holistic view of development (i.e., one that lends importance to more that simply economic development). It will also discuss their relationship within the discourse of Sustainable Development, a principal concept linking the environment and human rights. The UN Conference on the Human Environment was held at a time when development discourse was dominated by theories of dependency, world systems, and modes of production. The Stockholm conference importantly acknowledged that environmental issues are best handled with the participation of all concerned citizens, and in that capacity established not just the importance of sustaining the environment because it provides for life and basic human rights, but also the importance of sustaining basic human rights in an attempt to defend the environment. Though the need to protect the environment had long been recognised, this conference paved the way for the environment and development to be discussed as a single issue something that did not occur until the Brundtland Report in 1987. The Brundtland Report launched the term Sustainable Development (SD), or development that meets the needs of the present without compromising the ability of future generations to meet their needs (WCED, 1987: 43). Although it is often regarded as a dangerously slippery concept (The Economist, 2002) the common characteristic of most definitions of the term is the emphasis on equity both across and within generations. Barrow (1995: 17) identifies ten themes that characterise conventional SD: maintenance of ecological integrity; integration of environmental care and development; adoption of an international stance; satisfaction of basic human needs for all; stress for normative planning; stress on application of science to development problems; acceptance of some economic growth; attaching a proper value to the natural and cultural environment; the adoption of a long-term view of development; and, again a call for inter- as well as intra- generational equality SD has introduced and affirmed many new concepts into the development arena including, but not limited to, a rights-based approach to development and the importance of the environment. The environment played a central role in the Brundtland Report, and it was subsequently attacked for being eco-centric. The Brundtland Report was followed up by the UN Conference on Environment and Development, held in Rio de Janeiro in 1992. Though the Rio conference set in motion a trend towards human (rather than environmental) rights, it still held the environment in the limelight. Moreover, rights to information, participation and remedies in respect to environmental conditions formed the focus of the Rio declaration (Shelton, 2002: 2), thus accentuating the importance of human rights in environmental protection. Since Rio, concern for the environment has (rightly) continued to grow. However, the tendency toward concern for human rather than environmental rights within the sustainable agenda (i.e., a growing concern for the intra- (as opposed to inter-) generational equality) has continued as it is acknowledge that we cannot ignore the deprived today in trying to prevent deprivation in the future (Anand and Sen, 2000: 2030). Many of the alternate definitions of SD have tried, with varying degrees, of success, to resolve the seemingly contradictory notion inherent to SD development frequently involved capitalist or industrial development, and thus the reference to sustainability is certainly then undermined by the paradox of what this type of development means for the environment (Redclift, 1987). Conventional wisdom holds that Southern nations are too preoccupied with economic survival to worry about environmental quality (Dunlap: 1994: 115), something that was, to some extent, reflected in the Rio conference. Governments of developing countries wanted to discuss the idea of development, and the governments of richer countries that of sustainability (to the neglect of development) (Dunlap: 1994: 115). Though economic development need not be unequivocally associated with environmental degradation it must also be recognised that nations (or perhaps more importantly, people within nations) will rightly put more focus on sustaining peoples well-being than the environments. In short, though some government policies in the developing world may be viewed as inconclusive because they fall short of protecting natural resources, such seemingly irrational policies may reflect economic necessity in countries that have little choice but to perpetuate practices that contribute to environme ntal degradation in the absence of alternate sources of income (Bryant and Bailey, 1997: 59). This view of environmental protection versus human rights was pertinent at the UN World Summit on Sustainable Development (or Rio + 10), held in Johannesburg in 1992. In the run-up to the summit African leaders made it clear that they expected to talk about jobs, not birds (The Economist, 2002b). The Economist stated that without concrete or pragmatic action to fight poverty, fine words on greenery, global warming or fish stocks will come to naught (The Economist, 2002b). In other words, sustaining deprivation cannot be our goal (Anand and Sen, 2000: 2030), and whilst surely the conditions for most of the worlds poor can be sustained, the issue is that they should not be (Marcuse, 1998: 106). SD is often received with hostility in LDCs where it is seen as an attempt to challenge the developing worlds elemental right to develop: after all, grinding poverty, it turns out, is pretty sustainable (The Economist, 2002b). The achievement of environmental protection and respect for human rights can only be reached if we do not succumb to the notion that they are mutually exclusive. Human life, and human rights, cannot exist without a relatively healthy environment, and the environment cannot be protected without the acceptance and protection of basic human rights. Though aspects of each may at times need to be sacrificed for progress in the other, it remains vital to navigate the obstacles and move towards a sustainable world. Bibliography Anand, S. and Sen, A. (2000) Human Development and Economic Sustainability, World Development, 28 (12), 2029-2049.Barrow, C. J. (1995) Sustainable Development: Concept, Value and Practice, Third World Planning Review, 17(4), 369-386.Bryant, R. L. and Bailey, S. (1997) Third World Political Ecology, London: Routledge.Dunlap, R. (1994) International Attitudes Towards Environment and Development, in Helge Ole Bergensen and Georg Parmann (eds.), Green Globe Yearbook of International Co-operation on Environment and Development, Oxford: Oxford University Press), 115-126.Marcuse, P. (1998) Sustainability is not enough, Environment and Urbanization, 10(2), 103-111.Redclift, M. (1987) Sustainability: life chances and livelihood, London: Routledge.Shelton, D. (2002) Human Rights and Environment Issues in Multilateral Treaties Adopted between 1991 and 2001, background paper for the Joint UNEP-OHCHR Expert Seminar on Human Rights and the Environment, Geneva, 14-16 January 2002.The E conomist (2002) The Johannesburg Summit: Sustaining the poors development, 29 August 2002.The Economist (2002b) Africa expects to talk about jobs, not birds, 22 August 2002.WCED (1987) Our Common Future, The Brundtland Report, Oxford: Oxford University Press. State Of Nature: Hobbes And Locke State Of Nature: Hobbes And Locke Thomas Hobbes and John Locke applied fundamentally similar methodologies and presuppositions to create justifications for statehood; both have a belief in a universal natural law made known to man through the exercise of reason, which leads to political theories that define the rise of states. From beginning to end, Hobbes and Locke struggle to answer the essential question: Can sovereignty be divided? Though the two authors answer this question by going through the same processes, they begin with distinct notions of the state of nature, thereby reaching divergent conclusions: two nuanced versions of the social contract. For Hobbes, sovereignty is absolutist and governance can only succeed if power is concentrated in a monarch. On the other hand, Locke envisions a radically different structure for government, with a strict division between legislative and executive forces. At a glance, it is difficult to determine which author better answers the question of sovereignty, but by compar ing the warrants beneath their claims, one comes to discover that Locke is correct. Indeed, sovereignty must be divided. To start, one must analyze the model of undivided sovereignty. Hobbess argument for the state is that at some point, constituents of society made a contract amongst themselves to surrender most of their natural right up to a single man, the monarch, establishing a sovereign power in their newly formed commonwealth (Hobbes 110). By permutation, children must obey the sovereign because they are subject to their parents by the natural law, meaning subjection to the sovereign power passes on from one generation to the next (Hobbes 127-35). What constitutes a commonwealth is a group of individuals and their progeny, who are all subject to the sovereign power. This, however, begs the question of exactly what constitutes the sovereign power, since natural right can be forfeited in both different ways and in varying degrees. Hobbes provides two answers to this question, the latter directly expanding upon the former. The first is that Hobbes defines, albeit vaguely, that sovereignty is an entity bearing the person (Hobbes 105-110) of those subject thereto. Second, he argues in a more concrete manner, that sovereignty is the extensive set of powers to make laws, reward and punish subjects arbitrarily, choose counselors and ministers, establish and enforce class distinctions, judge controversies, wage war and make peace, and so on (Hobbes 113-15). Hobbes claims that by giving up their person to the sovereign, subjects forfeit the right to make moral judgments because every act of the sovereign is ostensibly performed by the subjects. The monarch becomes the sole, absolute judge of whatsoever he shall think necessary to be done, both beforehandà ¢Ã¢â€š ¬Ã‚ ¦and, when peace and security are lost, for the recovery of the same and what opinions and doctrines are averse, and what conducing, to peace (Hobbes 113 ). In other words, citizens may never criticize the sovereign, since subjects surrender their very ability to judge whether the sovereign power is acting towards the goals for which they established it. This is a major contradiction in Hobbess theory, for it seems strange and inconsistent that men of the commonwealth are wise enough to establish a state for mutual benefit (Hobbes 106), but straightaway upon entering the social contract, lose the ability to accurately judge whether their condition is good or bad. Although there is such a clear inconsistency within the contract, Hobbes has a two-pronged defense ready. The first is in Chapter XVIII, where he asserts that once covenanted, men cannot lawfully make a new covenant amongst themselves to be obedient to any other, in any thing whatsoever, without permission from the sovereign (Hobbes 110-1). With the way that a Hobbesian social contract works, this claim makes perfect sense; if a covenant is formed by submitting ones person to the sovereign, men cannot form a new covenant independent of the sovereign because they have already given their single person-hood up. Following the person argument, Hobbes introduces the idea that à ¢Ã¢â€š ¬Ã‚ ¦because the right of bearing the person of them all is given to him they make sovereign by covenant only of one to anotherà ¢Ã¢â€š ¬Ã‚ ¦ (Hobbes 111). The philosophers second defense then, is the fact that the sovereign is not party to the actual contract, which means that the monarch can never breach it, no matter the consequences. For Hobbes, the contract is the permanent transfer of person from a group of people to an external man, not a retractable agreement among a group of people to obey one of their party. The agreement, strangely, is only amongst the governed their agreement is to all equally forfeit their person and aligns with Hobbess notion that there must be an external, superior enforcer to contracts. Yet, it is unclear why social contracts should be irrevocable: in Hobbess own account of contracts (Hobbes 79-88), a contract is always renounceable if the parties involved agree so, meaning there should be nothing stopping subjects from uniformly nullifying the contract. Hobbes would respond that social contracts are unique, for the subjects have given up their right to make contracts (and therefore to break them) without the sovereigns permission within the terms. This, however, begs another question: why is the ability to make epistemological and moral judgments a necessary forfeiture to establishing the commonwealth? It doesnt seem logical that the right to break contracts must be a necessary forfeiture included within the person that one gives to the sovereign. After all, it falls under a set of negative-rights that requires a negative action (IE, a violation of the terms of contract) to occur before it can be used. Hobbes simply refuses to acknowledge the binary choice he creat es between civil war and good government is specious at best. The agreement to forfeit person is made equally amongst subjects to escape the state of nature, but even if the sovereign is not a part of the contract, the fact that a citizen doesnt receive the benefits termed within the contract ought to justify breaking the contract because other citizens may be receiving those benefits. If so, wouldnt it be just for a subject to break the contract, not with the sovereign, but with other subjects? Moving on from Hobbess derivation of sovereignty, one comes upon his formulation of sovereignty, the terms of his social contract. What is most shocking is that sovereignty is indivisible (Hobbes 115): the foundational elements of rule cannot be separated. All the powers of sovereignty must reside in the same body. A division of government, to Hobbes, would be redundant at best. From a theoretical point of view, when push comes to shove, a part of government, namely whichever has control of the army, will be revealed as the real holder of sovereign power precisely because it can seize control of the other powers. However, control of the army is nonexistent without the ability to fund it, so taxing and the coining of money is also essential. Imagine a scenario of rebellion or invasion in a divided government: an external force capable of protecting the taxing/treasury department would eventually rout the branch that controls the military. In order to ensure a stable government, then, it would be necessary to concentrate power at one locus using the example of the military any division would allow for opposing factions to gut one another, albeit indecisively. Combining the fact that sovereignty is indivisible with the fact that the social contract is made amongst subjects (that there is no bond between subjects and the sovereign), one arrives at Hobbess insistence that rebellion is never justifiable. Sovereignty is located in a person and not obedience to a person, so any repudiation of that obedience cannot dissolve the bond of sovereignty, for there is no bond to begin with. Nevertheless, this descriptive account of separating sovereign powers is not a normative claim that it ought not be done. This is perhaps Hobbess biggest mistake, for he believes that when, therefore, these two powers oppose one another, the commonwealth cannot but be in great danger of civil war and dissolution, for example, that the civil authorityà ¢Ã¢â€š ¬Ã‚ ¦and the spiritual inevitably clash if divided (Hobbes 216). That is, we ought not separate the two, for sovereignty is conceived of as something that one simply has, meaning several branches of government would constantly be in contest for possession of sovereignty. However, this is an excellent example of the is-ought fallacy, for Hobbes bases the fact that historically, a division of government has always resulted in a collapse to monarchy, and attempts to re-justify the existing norms. The fact that civil and spiritual authority have historically clashed does not mean that they cannot avoid conflict in the future. If so, then Hobbess reason that they ought be combined falls apart. In essence, his claim is not normative, but only descriptive. Locke begins his attack on Hobbess concept of sovereignty by advancing a different conception of the state of nature. For Hobbes, in the state of nature à ¢Ã¢â€š ¬Ã‚ ¦it is manifest that during the time men live without a common power to keep them all in awe, they are in that condition which is called war (Hobbes 76), where à ¢Ã¢â€š ¬Ã‚ ¦nothing can be unjust for where there is no common power, there is no law; where no law, no injustice (Hobbes 78). It is in Chapter XIII that he famously notes that the life of man is solitary, poor, nasty, brutish, and short, a product of the condition of warà ¢Ã¢â€š ¬Ã‚ ¦(in which case everyone is governed by his own reasonà ¢Ã¢â€š ¬Ã‚ ¦)à ¢Ã¢â€š ¬Ã‚ ¦[where] man has a right to everything, even to one anothers body (Hobbes 80). It is from this anarchic view that Hobbes departs to create a theory of absolutist sovereignty. Individual rights, ironically, conflict to the point where there are no rights in the state of nature. To solve this proble m, Hobbess model forfeits person to an individual, because even two individuals two rulers with person will have conflicting rights claims. On the other hand, Locke paints a calmer picture of the state of nature, arguing that the state of nature has a law of nature to govern it, whichà ¢Ã¢â€š ¬Ã‚ ¦teaches all mankindà ¢Ã¢â€š ¬Ã‚ ¦that being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions (Locke 9). Locke attack on Hobbess descriptive analysis of the state of nature is particularly damning because it has never occurred. Locke furthers that his notion of the state of nature is historical, that great societies began in the way that his theory described. He cites that the beginning of Rome and Venice were by the uniting of several free and independent of one another, amongst whom there was no natural superiority or subjection (Locke 54). This is because Locke believes that this moral nature has been instilled in humanity by an infinitely wise makerà ¢Ã¢â€š ¬Ã‚ ¦sharing all in one community of nature, there cannot be supposed any such subordination (Locke 9). Unlike Hobb es, who believes there is no ethical frame for punishment during the state of nature, Locke argues that transgressing the law of nature means one declares himself to live by another rule than that of reason and common equity, which is that measure God has set to the actions of men (Locke 10). Locke believes that every man hath a right to punish the offender, and be executioner of the law of nature to criminals in the face of God. From a philosophically rigorous perspective, Lockes justifications are a copout to constructing a normative frame. But at a descriptive level, he may be correct: both Hobbes and Locke agree that it is through reason that mankind transcends the state of nature and enters a state of sovereignty. An elementary comparison of these two versions of the state of nature boils down to the fact that Hobbess interpretation is one that begins with a lack of reason and Lockes starts with reason programmed into mankind by a maker. Is it not possible that the Lockes state of nature simply follows Hobbess? Indeed, in Hobbess model, man must come upon reason prior to entering the social contract, meaning as a collective, they must eventually reach some form of Lockes state of nature. Whether God exists or not, a social consciousness must develop for both authors to successfully continue their theories. This returns us to the epistemological contradiction presented earlier in the fourth paragraph: why do men lose their ability to analyze the benefits of subjugation to a sovereign, if they needed to attain this level of rational deliberation to have accepted the social contract to begin with? It is because Hobbes ignores this concern, but Locke answers it (albeit with God, rather than a development of rationality, as I suggest), that Lockes interpretation of sovereignty is far more convincing. It is easiest to discuss Locke by making a series of modifications on Hobbess theory of sovereignty. Of course, the difference between the two theories is far more complicated, but in regards to the thesis, it is sufficient to identify three very closely-related, key differences. First, Locke dismisses Hobbess assertion (which I have showed to be contradictory multiple times) that subjects give up the right, in fact, the ability, to judge their sovereign when moving from the state of nature to sovereignty. Effectively, Locke makes the contract a two-way agreement instead of a one-way subjection, termed in his works as fiduciary power in Chapter XIII. Second, for Locke, ultimate sovereignty resides always in the people. One on hand, the supreme sovereign will always be God, but beneath his throne, men can delegate power to one another, but there will never be a permanent hierarchy of power. The supreme power of the legislature is amassed from a conditional grant by the people; every m an is bound by its laws, notwithstanding disagreement. By extension of this logic, Locke makes two foundational claims of his notion of sovereignty, which Hobbes does not adopt: one is that no part of the sovereign government will ever be above the law, the other is that power can be retracted from the government at any time, pending agreement of the people (these derivations are explored in detail in Chapters VIII and IX). The third and, perhaps most important, difference is that for Hobbes, sovereignty is a perpetual, indivisible power belonging to a particular individual. Indeed, this disagreement is the crux of this paper. For Locke, there are a variety of powers necessary for the protection of the public good, just as in Hobbes, but there is no need to unite them all in one body. Here Locke presents idea of the sovereignty of law itself: there is no need, that the legislative should be always in being, not having always business to do (Locke 76). The laws have a constant and lasting force, and need a perpetual execution that is provided by the executive power (Locke 76). While Hobbes agrees to the need of these aspects of sovereignty, he refuses to divide them. Locke, on the other hand, demonstrates that a division of labor can very feasibly exist, especially because he touches upon the idea of a natural power that pertains to other duties. Federative power, which relates to the power of war and pe ace, leagues and alliances, and all transactions (Locke 76), could easily be invested in entirely separate bodies from both the executive and legislative powers. The last question to answer, then, is whether the division of power is good. Luckily, Locke tackles this issue, arguing that the inconveniences of absolute power, which monarchy in succession was apt to lay claim to could never compete with balancing the power of government, by placing several parts of it in different hands for in doing so, citizens neither felt the oppression of tyrannical dominion, nor did the fashion of the age, nor their possessions, or way of livingà ¢Ã¢â€š ¬Ã‚ ¦give them any reason to apprehend or provide against it (Locke 57). For Locke sovereignty is the supreme power on loan from the people to the legislative to set laws that look after the public good by dividing duties amongst the executive and other governmental agencies. Power is easily, helpfully, and safely split up into different bodies: easily due to Lockes dismissal of Hobbess contradictory objection to doing so, helpfully because the division of labor allows for increased efficiency and greater pr oductivity, and safely because the division of powers acts as a set of checks and balances to protect the people from arbitrary abuse. Just as it seems that the question Can sovereignty be divided? is answered, a concession of sorts to Hobbes appears with the concept of prerogative, a powerful modification of the way Lockes theory functions in practice. Locke concedes in Chapter XIV that the natural generality of law makes it inapplicable to certain cases and unable to cover every eventuality. The executive is therefore invested with prerogative, the power to act according to discretion, for the public good, without the prescription of the law, and sometimes even against it (Locke 84). It is possible that Hobbes would see this as an admission that Lockes legislative theory is flawed, that the executive does indeed hold supreme power, as both creator and enforcer of laws. This, however, would be a serious misinterpretation. In many ways, Locke disagrees with Hobbes most sharply on this point. Lockes emphasis on the need of governance to provide for the public good is so strong that he argues any violation of the social contract, by the sovereignty, would be grounds for the dissolution of government. He notes that citizens will be willing to cope with the application of prerogative as long as it aligns with the public good, even if they recognize that there is no legal precedence for the actions. While Lockes discussion of prerogative initially appears to be a return to Hobbesian absolutism, it is their most essential disagreement. In Hobbess theory, prerogative is sovereign authority, with no external check. When the sovereigns prerogative fails to lead towards the public good, subjects have no recourse but simply accept things. For Locke, prerogative is a minor modification of the authority delegated from the people to the legislative and thence to the executive. It is not crucial to the existence of g overnment because should subjects find that the executives application of prerogative does not lead to the public good, they can simply retract authority from the sovereignty. When compared with the work of Thomas Hobbes, John Lockes social contract theory comprehensively proves that government can be separated into several branches. By comparing the steps in their methodologies, along with analyzing their different starting points, one arrives at the conclusion that Locke is right. As this paper progressed, it was revealed that Hobbes made two main objections to a divided sovereignty: first, his notion of the forfeiture of person and second, his negative view of human behavior in the state of nature. Hobbess latter objection was easily answered back by comparing Lockes interpretation of the state of nature and demonstrating that the standard of reason created a double bind for Hobbes. Either his state of nature transitioned into a Lockean state of nature, which would then progress to sovereignty, or, a jump must occur from a Hobbesian state of nature straight into absolute sovereignty, which creates a number of contradictions. The former objection was ans wered on multiple levels, ranging from the is-ought fallacy to Lockes strong defense of a system of sovereign checks-and-balances. By juxtaposing Hobbes and Lockes social contract theories, one can decisively conclude that sovereignty can be divided, not only to two branches, but to as many as necessary for the public good. The version of Leviathan cited in this work is the Edwin Curley edited edition. The version of Second Treatise is the same as the one noted on the syllabus.