Financial Challenges in Companies

Introduction Though managing an organisation involves long-term thinking and careful consideration of the organisational dynamics, many corporations cannot handle untimely alterations of the business environment. This is because the global monetary crisis comes at an unprecedented time, making it difficult for some organisations to put their operations in a manner that helps them cope with such financial challenges.Advertising We will write a custom essay sample on Financial Challenges in Companies specifically for you for only $16.05 $11/page Learn More Despite the reality that financial challenges have hit global business operations in one way or the other, and at different times, the horizon at which the companies operate has not been so proactive (Gustavo, Michaely Swaminathan 2002, p. 379). For instance, the corporate finance and agency problems have created monetary conflicts that exist between the management of the company and their stockholders, an issue that has really affected the decisions at the corporations (Gustavo, Michaely Swaminathan 2002, p. 389). The conflicts are relevant to corporate finance since the managers of the company, who are meant to act for the best interest of the shareholders, often fail to do so as expected of them. These managers, who act as agents of the shareholders, are meant to make decisions that are geared towards maximising the stockholders’ wealth. However, they fail to do so due to their desire to maximise their own wealth. In essence, these agency problems are related to the corporate finance in the sense that they help in understanding and analysing the stockholder’s equity, corporate governance, and agency costs. Contemporary studies demonstrate that the non-responsive nature of the management to information related to the eventual financial crisis lead to compromised decisions about the specific monetary problems. Literature review Corporate stakeholders are often face d with the conflict of interest to pursue personal goals other than the intended objectives of the company. This makes it difficult for them to formulate guidelines, which might help the company avoid the impacts of financial crisis through pre-empting the market situation and other financial environment of the company (Gustavo, Michaely Swaminathan 2002, p. 389). Therefore, there is a need to put in place appropriate mechanisms so as to effectively deal with the potential conflicting issues in the organisation. Research attributes the ignorance of the management to offer advisory opinion about looming financial crisis as it depicts the pursuit for personal interests, rather than that of the company.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The conflict of interest among the stakeholders of the company might make the shareholders pass a vote-of-no-confidence on some of the board mem bers during the members’ board meetings (Gustavo, Michaely Swaminathan 2002, p. 397). The presidents of the company are awarded bonuses due to their hard work in order to motivate them. However, when the performance is dwindling, as witnessed in the Coca-Cola Company, the stakeholders might be forced to terminate the contracts of the top management team of the corporation, if it is assumed that their roles would compromise the productivity in the company. Indeed, the dividend policy of any firm can be regarded as irrelevant owing to the fact that the corporations that often pay many dividends to the shareholders give little price appreciation (Gustavo, Michaely Swaminathan 2002, p. 389). However, this must offer the same sum of revenue returns to the investors, depending on their risk characteristics as well as the cash flows generated from the investment ventures (Jackall 1988, p. 55). In fact, since there are lack of taxes, but if there is any, both the capital gains as w ell as the dividends are often taxed under a similar rate. Therefore, the investors ought to be indifferent to get their expected returns in both the price appreciation as well as in dividends by adopting an effective property management strategy. Property management is critical in the success of any given company. The relationship between the two has been explored through the SWOT analysis, which helps business to assess whether a particular strategy is viable for business operations, as well as to establish ways of moving forward. Carrying a SWOT analysis for property management helps the management adopt ways of getting cash out of price appreciation. It also provides a strategy that facilitates provision of dividends to the stakeholders without involving the transaction cost and floatation, thus resulting to fair prices for the stakeholders (Jackall 1988, p. 61). Gustavo, Michaely, and Swaminathan (2002, p. 389) have found out that analysing property management helps the company increase effectiveness and efficiency in the management system. Through an analysis of threat, it is clear that the management is able to refrain from taking chances on the company’s financial status since it gets into a position of assessing the dividends payable to the stakeholders as well as the amount of capital resources required to run the business.Advertising We will write a custom essay sample on Financial Challenges in Companies specifically for you for only $16.05 $11/page Learn More Thus, it is imperative to note that management of property in a company is highly influenced by the decision making process adopted. For case in point, when a company adopts satisficing decision making without a careful analysis, then it is bound to fail. This stems from the fact that satisficing decision making entails adopting the readily available decision to address a particular problem facing the company. For case in point, a company is bound to fail when it takes the readily available decision and makes a decision that results in conflict of interest among the stakeholders, information asymmetries, and taxes levied (Sunder Myers 1999, p. 219). Despite the fact that the stakeholders prefer large sums of dividends, satisficer decision-making model can play a critical role in wasting the resources of the company, leading to higher taxes for the company (Sunder Myers 1999, p. 219). It is for this reason that an organisation should find ways of adapting effectively to the dynamic organisational changes, as this would facilitate a suitable avenue for establishing a positive feedback on the future of the company’s prospects, as well as future declaration of dividends (Lyandres Zhdanov, p. 54). Achieving a financial target for a firm has been highlighted as one of the major divers to organisational changes, as it helps to avert financial crisis with respect to internal and external stakeholders of the firm. In this regard, Su nder and Myers (1999, p. 219) have found out that if a company takes a positive approach towards organisational changes and announces dividends, it gets into a position of increasing its stock prices. However, Sunder and Myers (1999, p. 220) have also considered a number of barriers that may hinder a given company to adopt the dynamic organisational changes, which would facilitate management of capital resources. Key amongst these barriers is capital for compensating the shareholders. This barrier creates a challenge for the company, making it seek for funds elsewhere. And in a bid to curb the change management crisis, the company might decide to include new investor’s board, and this, in turn, may adversely affect the company’s culture. This stems from the fact that organisational changes are not only characterised by financial improvements but also a change in people attitudes as well as their behaviors. Moreover, Sunder and Myers (1999, p. 221) have emphasised on th e relationship between time and effective change management process, stating that it is not a worthy venture for a company to issue new stocks in order to pay dividends in the same financial year. More so, the authors have added that a company should not pay dividends to shareholders immediately after a financial crisis in an effort of creating a positive attitude for the firm.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Property management is not only affected by barriers to organisational changes but goal setting with regard to defining short, middle, and long term strategies to be adopted by the firm. This has elicited a study on establishing the management approach that should be adopted by diverse firm following an analysis liquidity and credit worthiness, among other factors (Sunder Myers 1999, p. 222). As such, it has been established that payment of dividends should not be classified as a short-term strategy since dividends have a high possibility of causing additional problems during the period of financial crisis (Lyandres Zhdanov 2007, p. 61). Additionally, managerial functions, such as planning and evaluation, have influenced the manner in which property management of a given firm is handled. Proper planning is crucial in property management since it facilitates a good cash flow for the firm after subtracting the capital expenditure (Thompson McHugh 2002, p. 48). Additionally, proper planning plays a critical role in projecting whether the company could be faced with a financial crisis in future; hence, it analyses how the company is able to counter such financial risks by assessing the possibility of mergers and acquisitions (Thompson McHugh 2002, p. 52). As such, the managers involved in the planning process should ascertain whether the planning process is in line with the organisation mission and vision. In doing so, the company gets into a position of coping with the upcoming business challenges without involving many outsiders, who have the capacity of changing organisational culture. In addition to this, Thompson McHugh (2002, p. 52) have found out that implementing proper planning with regard to cash flow projection is critical since it helps in understanding the motives behind adopting a merger and acquisition by availing sufficient amount of cash to carry out such transactions. The theory of planning recommends that it is paramount to come up with a c ash hypothesis that helps in understanding the periods that the company is likely to be sold out to other investors’ companies (Timmer 2011, p. 102). The leverage buy-outs is imperative in the planning process since it helps firms that are in big debts to obtain sufficient funds for settling their outstanding debt through collateral from the company in order to secure loan. Though this often comes with interest, it is beneficial in the sense that the company is able to set cash from the secured loans in order to carry out some of is intended activities during and after the financial crisis ( Timmer 2011, p. 103). Evaluation is also a managerial function that helps to establish that financial crisis has the probability of halting the operations of a given company. Timmer (2011, p. 104) has found out that countering financial challenges through mergers and acquisition can create a disadvantage to the company that has succumbed to failure as it involves transferring most of its assets to the acquiring firm. The acquiring firm partially settles the debts of the failing firm, creating room for goodwill for the acquiring firm. In his study of performance evaluation, Watson (2001, p. 224) points out that debt is a cheaper option of handling financial crisis than equity simply because equity involves holding partnership with the shareholders, who share in the company’s productivity. And even though the shareholders are instrumental in facilitating the success of the company, they do not offer some technical expertise and knowledge in running the business since their work is to contribute capital to the business, not decision making on management of capital (Watson 2001, p. 225). Therefore, this can be regarded as an added cost in the management of property because in case of losses, the business bears it alone since the investors are only involved in sharing the returns, which are given in the form of dividends. On the other hand, Watson ( 2001, p. 225) has found out that inasmuch as the company would want to adopt a long term goal for debt repayment, it is sometimes unable to do so as debts are always periodic and have time limits for completion. This leaves the company with only one option that does not require time limit: dividends paid on the equity. Assessing the financial status of a company is critical in the planning process as it helps to ensure successful Implementation of business strategy. Watson (2001, p. 226) has pointed out the rationale of evaluating bankruptcy cost in regards to the firm’s capital structure and its response to financial crisis. This demonstrates that the management should note the role played by Bankruptcy costs since they form the foundations of financing policies of the firm. Thompson McHugh (2002, p. 53) have also demonstrated the role of bankruptcy costs, stating that these costs act as the counterweight to those taxes that have been deducted on the interest payments. Moreover, Thompson McHugh (2002, p. 53) ascertain that the costs associated with the bankruptcy, such as the reorganisation costs and tax credit losses, directly impact on the capital structure of the firm, since they demonstrate poor managerial practice with regard to planning and evaluation. By using the SWOT analysis, the organisation should be in a position to identify the threats in property management. More so, this analysis facilitates an understanding of the management strategy that should be adopted since the manager gets information on the unknown information through a cost-benefit analysis. In this regard, the management should note that when leverage of the company is on an upward trend, the firm is bound to suffer losses due to negative present value (NPV), as this makes the managers under invest in such projects (Watson 2001, p. 227). Additionally, the management should note the opportunities within the strategy, and key amongst them is the fact that the equity holders are attracted by the net benefits of the project; this creates an avenue for passing the rest of the costs to the bondholders. Capital structure is the strategy in which a corporation finances its own assets through combining equity, debt, or through hybrid securities (Baker Jeffrey 2002, p. 4). Management of capital structure will not only facilitate the management of financial resources but also the human resources, the company’ s assets, as well as the structure of the business. A vast majority of managers adopt external financing by issuing shares to the public, thus creating room for external ownership of the company (Baker Jeffrey 2002, p. 5). However, Myers Majluf (1984) argue that equity is not a preferred method of raising capital that could help the company during financial crisis and in the post crisis period. This stems from the fact that the practice threatens the values and norms of the company, creating a conflict between the managers and the new investors. While the new in vestors may tend to think that the company has value, the management takes this advantage to raise capital for the firm, and this may result in low company’s shares after sometime (Baker Jeffrey 2002, p. 7). Thus, the management should be in a position to choose a control system that has less risk in long-term basis. However, sometimes, the management faces challenges emanating from lack of knowledge on previously made decisions and the actual occurrence when the financial problem arises (Baker Jeffrey 2002, p. 15). In this case, the management should adopt traditional approaches, as they help to choose a capital management that has the lowest probable cost of capital for the company. Myers Majluf 1984 ( p.188) have described how management should use organisational controls that facilitate a reduction of debt ratio, while making sure that leverage-increasing actions like stock repurchases and debt-for-equity interactions are employed. This creates a differentiation betwee n the management approach that should be adopted before and after the financial crisis faced by the management (Myers Majluf 1984, p. 194). As such, Knights Willmott (2006, p. 22) recommend focused management in controlling future financial crisis. Conclusion In sum, the practical monetary managers will try to retain financial flexibility while making sure they attain long-term survival of their companies even after financial crisis. This will also help the company in planning for the possible financial problems. The research indicates that through improved and effective administrations of the organisation, the managers have to dedicate their time to work, which involves long-term thinking and vigilant consideration of the company changes. In this regard, many corporations are perceived to be unable to make alterations of the business setting so that the organisation could implement most of the fiscal strategies prior to, or after, a monetary crisis. This shows that such financial problems could effectively be realised only through the practice of objective and focused management. The justification was that since the global monetary crisis reaches at an untimely situation, thus, not quite practical for a number of companies to realign their manufacturing and administrative processes to match the predicted financial positions and the global trends that might be in order with their operations. Such attempts might help the companies cope with such financial challenges. Regardless of the realism that the fiscal challenges have had gross affects on global business operations in a number of ways and at different instances, the magnitude at which the entities operate has not been so hands-on to deal with increasing affects of financial crises. For instance, large business finance and organisation tribulations have resulted in monetary shortfall that exist and affect the link between the management of the company, customer base, and the suppliers. This situation has really compromised the choices, which the corporation could arrive at. Finally, the standoff could be relevant to corporate changes since the management of the entity that should make the decision in the best interest of the entire parties involved in its management often fail to execute their duties. Literally, these managers, who should act on behalf of the board as a watchdog of the financial alterations in the company, end up disappointing the shareholders. In fact, they are meant to make choices, which should be in favor of the shareholders. Essentially, Managers fail to act appropriately owing to their mixed interest and desire to maximise their own gain. References Baker, M Jeffrey, W 2002, â€Å"Market Timing and Capital Structureâ€Å", Journal of Finance vol. 57 no.1, pp. 1–32. Gustavo, G Michaely, R Swaminathan, B 2002, â€Å"Are Dividend Changes a Sign of Firm Maturity?†, The Journal of Business, vol. 75, No. 3, pp. 387-424. Jackall, R 1988, ‘Loo king up and looking around excerpt from Moral mazes: the world of corporate managers’, Oxford University Press, Oxford. Knights, D Willmott, H 2006, ‘Management and Leadership: Introducing Organizational Behaviour and Management’, Thompson, London. Lyandres, E Zhdanov, A 2007, ‘Investment Opportunities and Bankruptcy Prediction’, Harcourt College Publishers, Fort Worth. Myers, S Majluf, S 1984, â€Å"Corporate Financing And Investment Decisions When Firms Have Information That Investors Do Not Haveâ€Å", Journal of Financial Economics, vol.13, no. 2, pp. 187–221. Sunder, L Myers, S 1999, â€Å"Testing Static Tradeoff Against Pecking Order Models of Capital Structure†, Journal of Financial Economics, pp. 219-244. Thompson, P McHugh, P 2002, ‘Work Organizations: A Critical Introduction’, (3rd Ed.), Palgrave Macmillan, Basingstoke and London. Timmer, J 2011, ‘Understanding the Fed Model, Capital Structure, and th en Some’, Fort Worth, Harcourt College Publishers. Watson, T 2001, â€Å"The Emergent Manager and Processes of Management Pre-Learning†, Management Learning, vol. 32, no. 2, pp. 221-235. This essay on Financial Challenges in Companies was written and submitted by user Libby Blake to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Impressions of Emirati Youths on ISIS

The Impressions of Emirati Youths on ISIS Introduction Research background The ISIS crisis is in its fourth year despite several efforts by the international community for reconciliation. It is necessary to establish the impression of the Emirati youths on the ISIS, since they are indirectly affected by the current military activities of the group in Syria and Iraq (Al-Jenabi, 2008, p. 15).Advertising We will write a custom proposal sample on The Impressions of Emirati Youths on ISIS specifically for you for only $16.05 $11/page Learn More Therefore, this research proposal will attempt to establish the impressions of the Emirati youths on Islamic State in Iraq and Syria (ISIS). Research question and objectives For this research proposal, the primary question is; What are the impressions of the Emirati youths on Islamic State in Iraq and Syria? The objectives of this research are; To establish the perceptions of the Emirati youths on the ISIS group To make recommendations and suggestions on how to view and deal with ISIS Importance of studying the topic Understanding geo-political, social, and economic impressions held by the Emirati youths towards ISIS are important, especially when establishing the contribution of the group on the current Middle East conflict. Through sociological imagination, it is easy to understand behavior change and identify forces: positive or negative, that facilitate the angle of inclination among the Emirati youths towards the ISIS. Methodology Nature of the method This research will be conducted using research survey study approach. Data, which will be collected through one-on-one interviews and questionnaires, will be scrutinized in detail. Through open-ended and closed-ended structure, each question asked will be comprehensive to ensure that respondents have opportunity to give deep answers that provide an insight into research problem solution. Instances of divergent or convergent opinions by one or more respondents will be marked appropriate ly (George Bennet, 2005, p. 29).Advertising Looking for proposal on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More Strengths and weaknesses Questionnaire Based on the survey method, a self constructed five-item structured questionnaire will become imperative. The questionnaire will be prepared to use 5- point Likert scale (Miller, Mauthner, Birch, Jessop, 2012, p. 42). The Saudi youths will express a broad range of opinions in the focus groups on the key issues in the discussion. Strengths Questionnaire provides anonymity to the user and thus gives more honest responses. Information can be gathered from a large number of people. Since the questions are uniform and if the conditions under which they are answered are controlled, then the information gathered is standardized (Miller et al. 2012, p. 43). Weaknesses It is not possible to explain to the respondents any point that they may misinterpret in a question. Giving a pilot test to a few respondents could partially solve this. It is possible for a respondent to be dishonest in case they do not feel comfortable (De-Rada, 2005, p. 66). To minimize any of the on the above weakness, the questionnaire design will use a simple language that is understood by both parties. The time for completion will be reasonable and designed to identify the target population so as to yield useful data for the research analysis and interpretation (Groves, Fowler, Coper, Lepkowski, Singer, Tourangeau, 2009, p. 45). Interviews Adopting semi-structured, open-ended and closed-ended questions interview, data collection through a one-on-one interview is critical considering the scope of the research topic. Strengths The choice of one-on-one interview is based on the rationale of gaining insight on the feelings, opinion, and experiences. Moreover, the semi structured interviews are given room for further probe depending. The researcher is in a position to seek further clari fication on specific ideas and responses given within the interview time. From responses gathered, one-on-one interview makes it easy to scribe clear responses that answer the questions asked (De-Rada, 2005, p. 68). Weaknesses The interview is tedious and time consuming. Interview findings may be biased if the interviewer and the interviewee do not read from the same page. The interview is expensive when the sample space is large (De-Rada, 2005, p. 69). Since the researcher is expected to accord the research project professional seriousness, the willing respondents are likely to reliable, credible, and informed responses to questions asked. Appropriateness of using the method for study The mixture of questionnaire and direct interview will present a number of pre-specified competencies and best practices based on the research topic. The researcher chose the qualitative because the scope of the research is focused, subjective, dynamic, and discovery oriented. Moreover, this approach will create room for further analysis using different and divergent tools for checking the degree of error and assumption limits (Groves et al. 2009, p. 57).Advertising We will write a custom proposal sample on The Impressions of Emirati Youths on ISIS specifically for you for only $16.05 $11/page Learn More Data collection and stages of research This research will target 100 Emirati youths (within the age group of 20-30 years) to establish the common perception towards ISIS. The sampling criterion that will be used in the initial sampling plan represents the true picture of the activities on the ground. The collected quantitative data will be coded and passed through appropriate analysis tool. In the process, cross tabulation will be used to compare and contrast the impressions held by the Emirati youths. In order to quantify the relationship between the independent and dependent variable, analysis will be essential besides figures, charts, and tabular rep resentation of correlation analysis (De-Rada, 2005, p. 65). Validity, reliability, and generalization of results This sample chosen for the survey presents a clear, scientific, and verifiable criterion for systematic analysis. Reflectively, this will permit comparative research especially when qualitative design is adopted to give room for testing accuracy and degree of biasness (Groves et al. 2009, p. 39). The interviews will be conducted by the researcher because of common characteristics of culture, age, and country (George Bennet, 2005, p. 33). The researcher will send the questionnaires to the targeted participants and schedule direct interview with those who are flexible and can afford a fifteen minutes break to answer the interview questions. Ethical considerations During the data collection phase of this study, the researcher will strive to uphold ethics appertaining to scientific research. This will be pursued through inclusion of an informed consent form in the interview and questionnaire, which the units being studied will be required to read understand and consent to before the study commences. The researcher will ensure confidentiality of the subjects by insisting on their anonymity, where each subject will be identified using a unique code as opposed to use of names (Blaxter, Hughes, Malcolm, 2005, p. 44). Conclusion The study will be carried out via research survey since the scope of the research is focused. Through qualitative research, the research will be in a position to carry out correlation analysis of the impressions held by the Emirati youths. The study would be more comprehensive if the impressions were directed towards a single variable.Advertising Looking for proposal on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Al-Jenabi, B. (2008). Use of social media in the United Arabs Emirates: An initial study. Global Media Journal, 1(2), 3-27. Blaxter, L., Hughes, C., Malcolm, T. (2005). How to research, Berkshire, UK: Open University Press. De-Rada, V. (2005). Influences of questionnaire design on response to mail surveys. International Journal of Social Research Methodology, 8(1), 61-78. George, A., Bennet, A. (2005). Case Studies and Theory Development in the Social Sciences: How to Do Case Studies. Massachusetts, Ma: MIT Press. Groves, M., Fowler, J., Coper, P., Lepkowski, M., Singer, E., Tourangeau, R. (2009). Survey Methodology. New York, NY: John Wiley Sons. Miller, T., Mauthner, M., Birch, M., Jessop, J. (2012). Ethics in qualitative research. London, UK: SAGE Publications Limited.

Intellectual Property Essay Example | Topics and Well Written Essays - 750 words

Intellectual Property - Essay Example A creative piece of work (i.e. music, art, writing, film, or computer software) always belongs to its creator. Additionally, these creative works, ideas, expressions and inventions are very precious for their inventors and must be protected however these ideas or thoughts are not known as intellectual property. In addition, everything in computer is a collection of bits (the binary code), which are used by the computers to perform different operations. Thus, in scenario of computer everything in digital format such as music, images, video and text can be duplicated not immediately once however an infinite number of times. In addition, there is no limit to boundary the value of duplicate copies. Moreover, in scenario of computer, a duplicate is also considered original. In this way, the binary realism of digital media pretenses challenging issues intended for how works are utilized (and reused), as well as the rights and jobs of producers and consumers under existing rules and regulations. Additionally, the one of the most influential qualities of the internet is its reach (to reach without any boundary). Since internet has the capability to extensively dispense digital works quicker as well as less expensively as compared to old traditional methods. In addition, internet has offered the power to communicate with millions of people throughout world. On the other hand, with the internet, information owners have small control over the distribution and utilization of their works. Moreover, lot of customers ignorant or confused by expansive license contracts or prepared to release them as excessively restraining or inequitable, move toward the internet with the extensive trust that each item they come across is in the public domain (Rappa, 2009) and (Reynolds, 2003). U.S. Chamber Strategy The U.S. Chamber of Commerce encourages the implementation of market based as well as technological systems and ways for digital intellectual property defense. However, these systems, laws and solutions should be kept away from expensive government policies and should allow the citizens to access these contents. Seeing that, the innovation and investment depend on the powerful intellectual property safety for businesses. Therefore, the United States Chamber counters the capability of state entities, like that universities, in order to utilize their legitimate protection from lawsuits to break unreservedly upon the intellectual pr operty of others. Thus, by making effective use of supreme resistance, states jointly deject the research as well as development of modern internet supported systems, applications, products and services. In this scenario, the United States Chamber offers a wide-ranging federal policy that defends intellectual property from all kinds of breaches. This strategy includes following points (U.S. CHAMBER OF COMMERCE, 2011) Support vigorous implementation of intellectual property laws, locally as well as internationally. Encourage the solutions and suggestions offered by business sector in response to new copyright protection challenges. Offers funds for the United States Trademark and Patent Office. Inform the congress for legislation in order to defend content owners from misappropriations by state entities From the above discussion it is clear that the intellectual property outlines workings of the mind, for instance, films, art, inventions, books, formulas and music. A number of key in tellectual property and information technology issues are discussed below: (Reynolds, 2003) and (WIX, 2011) Plagiarism is the way of acknowledging others’

Article Review Research Paper Example | Topics and Well Written Essays - 500 words - 1

Article Review - Research Paper Example he research used the case study method and qualitative analysis to reveal that through the development of an information behavior model, the findings indicated the need to emphasize both information capability and information technology capability to motivate knowledge workers and assist in improvement of performance. 1. What was the statistical problem, issue or debate discussed in the article and where did it fit in the context of the course? The statistical problem was the need to design an information behavior model to understand how employees effectively use information as a large insurance company. Accordingly, it fits the context of the course in terms of defining the statistical method used to analyze and interpret the results with the application of average scores and gaps using Microsoft Excel statistical analysis functions. The major theoretical aspects focus on the use of the information orientation model that would effectively measure the link between performance of knowledge workers and information use. The applicability was identified in terms of defining accurately the most crucial elements of effective information management. 3. What research methodology was used and why was it appropriate for this problem, issue or debate (archival, survey, case study, etc.)? The research methodology used was a single company case study in conjunction with an online survey and analyzed through quantitative approach. 4. What conclusions were validated by this research and what was the overall contribution to the field of statistics? The findings revealed that from among the variables, both information capability and information technology capability were regarded as the most crucial in improving performance. Having identified these, the study has proven the relevant role that statistical analysis played in generating conclusive findings that validated hypothetical contentions. 5. Why did you feel that this article was appropriate for your review; in other

Emotions and Posture Essay Example | Topics and Well Written Essays - 1000 words

Emotions and Posture - Essay Example However, one clearly recognizable difference to my posture from these other activities existed when I worked on a computer in a seated position. Because my eyesight is declining, it is increasingly difficult to work with a distance away from the computer screen, which caused a slight slouch in my posture while completing computer tasks. However, I experienced no slouching posture during the process of reading books or finishing other near-sighted tasks. After completing these initial observations over the course of three days, I manipulated the posture variable for the next three days. Part of this manipulation was a slightly slouched stance by approximately 15 degrees. I concluded that this degree of change would not be readily recognizable by others who knew me well; however, I believed the change would register at some levels in both my own mind states and those of others. In order to maintain consistency, I kept this slouched position during all activities and at all times for th ose three days during which the experiment was being conducted. Once my body became acquainted with the new stance through some practice and conscious thought, the new posture seemed natural, which allowed me to ignore that variable as I interacted with others and carried on with my daily life. During these interactions, the differences I noticed were not significant. Others seemed to be set in their perceptions of my body such that they could not notice the difference in my posture. However, my interactions with others changed in that I felt less confident (partly because of my idea that bad posture is an unattractive trait) and less open to interpersonal interaction. A decrease in confidence may have created a feedback loop in which my behavior affected other’s interactions with me during the time of the experiment. However, as I said, there were no noticeable differences in the way others perceived or interacted with me while the manipulation of my posture was occurring. A fter the experimental period had concluded, I returned to my usual patterns, including readjusting to my normal posture. From this, I discovered the interpersonal confidence I had before the posture change and I felt less self-conscious about my attractive (or unattractive) stance. Posture, as such, does not receive much conscious thought from most people unless of course their posture is noticeably bad either to the self or to others. Overall, my normal patterns seem to have returned without any major difference. The question of whether the posture manipulation ultimately resulted in a change in my emotions depends on the situation. In some situations, the bad posture variable made me less likely to engage in interactions with others because I felt less attractive. Anxious emotions could be attached to the bad posture in that way. In other situations, the bad posture variable had no effect on how others treated me, which left emotions like happiness from acceptance unchanged. My mo od did not suffer because of a bad stance, at least according to my observations. A serious limitation to this experiment is, of course, the self-reporting on a variable I am always tempted to think about during the course of the experiment. Nevertheless, despite this limitation, I believe that emotions can be affected by posture, assuming that one has a notion of good posture as a physically attractive trait and that one either perceives himself as having a good or bad one. If the individual or the society has no

Jax Ws And Its Comparison With Axis2 Information Technology Essay

Jax Ws And Its Comparison With Axis2 Information Technology Essay In todays world with the rise in development of newer and newer different stand-alone applications, the organizations and enterprises faces the difficulty in integrating all these incompatible applications for the ease of their business. In order to overcome this technical complexity more and more enterprises have started implementing the Web Services to make these heterogeneous applications work together. Web Services can be defined as the application components that can be accessed over the network. Web Services makes the applications compatible by providing cross-platform interaction possible. Web Services provides a means of communication for applications developed in different programming languages using different technologies and running on different platforms. Thus, Web Services introducing interaction between such widely different applications makes the applications more flexible, loose and compatible. In todays trend of Service Oriented Architecture, Web Services play an important role. These Web Services functionalities are accessible using standard internet protocols. The keywords related to Web Services are HTTP, SOAP, WSDL, XML and UDDI. Any Web Service is defined in XML format, known as the Web Service Description Language. The service provider registers its services in the Universal Description Discovery and Integration (UDDI). The service requestor looks into the UDDI for a particular service. The client then uses a particular WSDL and its service end point to establish a connection with the service provider. The client establishes the communication by sending SOAP (Simple Object Access Protocol) messages over the HTTP (Hypertext Transfer Protocol). There are many web services framework available such as Spring framework, Apache Axis2, Apache CXF, JAX WS, JAX RPC etc. This paper throws some light on JAX WS and Apache Axis2. JAX-WS (JAVA API for XML-based Web Services) JAX WS provides the Java API for creating and developing XML-based Web Services. JAX WS is the successor of JAX RPC (Java API for XML-based Remote Procedure Calls). Many enhancements and developments have been introduced in JAX WS from the JAX RPC mechanism. The main difference between these two mechanisms is that the JAX RPC provides call interface web services whereas the JAX WS provides the document style web services. JAX WS is the sun standard for the implementation of Web Services. Many big companies like Yahoo!, Google, Amazon do use JAX WS for the implementation of Web Services. The JAX WS architecture unlike its forerunner also supports message based services along with remote procedure based services using the SOAP for communication. JAX WS Implementation Java API for XML-based Web Services makes it easier for developing XML-based Web Services using the Java programming Language. JAX WS supports its own implementation of JAX WS programming model and does not support Axis2 programming model. JAX WS defines model for developing application handlers that deals with data during Web Services runtime. The JAX WS converts the calls matching it with the SOAP messages. Annotations used in the JAX WS simplify the deployment and development of these Web Services, their service end points and the service requestors, clients. JAX WS requires Java EE 5 or later version of Java. JAX WS provides two tools for generating Java artifacts, namely wsimport and wsgen for top-down and bottom-up approaches respectively The wsimport tool is used for the top-down or the contract first approach that is the Java files are created from the WSDL file. And the wsgen tool is used for the bottom-up approach or the code first approach that is the WSDL file is generated from Java classes. JAX WS uses Java annotations to make the simple POJO classes work as the Web Services. For example, the annotation @WebService is used along with a Java class, to declare simple POJO class to act as a Web Service. Considering a simple example import javax.jws.WebService; @WebService pubic class MyService { System.out.println(Hello WORLD); } Advantages The JAX WS 2.0 uses annotations for declaring and attaching any data related to Web Services. Using the annotations makes it simpler for the user to create Web Services. It provides better cross-platform interaction, making the communication platform independence. The JAX WS supports both synchronous and asynchronous calls. JAX WS supports asynchronous polling and callback. Along with SOAP 1.1, the JAX WS 2.0 also supports 1.2 It also supports MTOM (Message Transmission Optimization Mechanism) for dealing with binary data among the Web Services and better optimization of the SOAP messages format. JAX WS supports both REST and SOAP Web Services. Axis2 The Apache Axis is the Web Service project from the Apache Software Foundation. It is an open source web service framework for XML-based web services. The Axis has its implementation in Java and it is being developed in C++. Using Axis2, we can implement Axis framework. The Axis2 is a Web Service container for the Axis framework for creating and developing XML-based Web Services. Axis2, as compared to its forerunner Axis1, has a much better, configured and flexible architecture. It also provides more scalability as well as productivity as compared to axis 1. Axis2 Implementation While creating and developing Web Services, the Ant build tool has an important role in the development process. The WSDL2JAVA and JAVA2WSDl are the two build tools that important for developing the Wed Services. The WSDL2JAVA tool is used for the top-down or the contract first approach that is the Java files are created from the WSDL file. And the JAVA2WSDL tool is used for the bottom-up approach or the code first approach that is the WSDL file is generated from Java classes. For deployment of the Axis2 Web Services, it is necessary to create its own format aar file, and deploy it to the services folder of your axis2. The aar file is similar to a jar file and can be developed using the following command jar -cvf MyService.aar Benefits of using Axis2: Axis2 supports both SOAP and REST Web Services Axis2 also supports both, synchronous and asynchronous calls. Also Axis2 supports Message Transmission Optimization Mechanism for binary data handling. But it has some limit to the size of the binary data it can handle. Comparing Axis2 and JAX WS Axis2 can be considered as more mature framework as compared to JAX WS framework Axis2 supports ADB, JIXB, XMLBeans whereas JAX WS supports only JAXB for binding support. JAX WS supports its own implementation of JAX WS programming model and does not support Axis2 programming model. At the core of Axis2 is the AXIOM, while for JAX WS its the Java Annotations that works as the core JAX WS in transport neutral but the Web Services feature pack only supports HTTP/HTTPS Axis2 and JAX WS both handle the Bottom Up approach equally good The Axis2 supports the Top Down approach a bit better as compared to JAX WS Unlike Axis2, the JAX WS does not require any configuration file such as service.xml. It is all handled by the Java annotations. Conclusion: Comparing these two Web Services frameworks, the choice cannot be deduced to either of the Web Service framework completely, because each one of them has different qualities. The Axis2 has better and more mature architecture as compared to the other one. But at the same time, this adds to the complexity in implementation. Whereas the JAX WS, though a bit immature comparatively, is simpler and easy to implement. Plus, it also has an advantage of being the sun standard for the Web Services implementation, adding a feather to its hat. Thus, depending on the service or implementation to be carried out, the appropriate Web Service framework can be selected, though the JAX WS is comparatively pretty simple to implement.

Immigration :: essays research papers

Like many other areas over the past years, the US has seen a rapid increase in immigrants who have come to the region seeking better lives for their families. These immigrants, like those throughout U.S. history, are generally hard workers and make important contributions to the economy through their productive labor and purchasing power. Most immigrants usually fill essential service jobs in the economy, which are vacant. Unfortunately, like new immigrants throughout U.S. history, â€Å"they experience conditions that are commonly deprived, oppressive, and exploitive† (Conover, 2000). They are paid low wages with little potential for advancement, are subjected to hazardous working conditions, and are threatened with losing their jobs and even deportation if they voice dissatisfaction with the way they are treated. Many work several jobs to make ends meet. Many also live in substandard housing with abusive landlords, have few health cares options, and are victims of fraud and other crimes. Immigrant problems are related to trade agreements designed to enable large corporations to capture both consumer markets and cheap labor. These agreements protect rich investors, but not the workers or the environment. In the U.S., millions of production and assembly jobs are lost when corporations move operations overseas. Poor countries have had to sell state industries and open national borders to multinational corporations in order to meet a new economic order and payment of international debts. This process has restricted markets for home industries, driven out local producers, and forced people to immigrate. The U.S. borders can never be sealed, because millions of people are seeking ways to support their families, so will come to where jobs are available. Furthermore, American businesses want and need these workers. While the multinational corporations and their rich investors benefit from corporate welfare deals and seek out havens to avoid supporting society with their taxes, ordinary Americans have to pick up their tab. This situation sounds familiar in American labor history, where immigrants have been a mainstay in the national workforce. It wasn't until the labor movement gained strength that workers in the U.S. were able to turn â€Å"exploitive jobs into occupations that enabled them to support their families and improve their living conditions† (Dougherty, 2004). Higher wages have also increased their purchasing power, stimulated economic growth, and higher standards of living. Labor contracts and new laws, regulations, and policies established a more open employment system, procedures for addressing complaints, and safer working environments. Immigration :: essays research papers Like many other areas over the past years, the US has seen a rapid increase in immigrants who have come to the region seeking better lives for their families. These immigrants, like those throughout U.S. history, are generally hard workers and make important contributions to the economy through their productive labor and purchasing power. Most immigrants usually fill essential service jobs in the economy, which are vacant. Unfortunately, like new immigrants throughout U.S. history, â€Å"they experience conditions that are commonly deprived, oppressive, and exploitive† (Conover, 2000). They are paid low wages with little potential for advancement, are subjected to hazardous working conditions, and are threatened with losing their jobs and even deportation if they voice dissatisfaction with the way they are treated. Many work several jobs to make ends meet. Many also live in substandard housing with abusive landlords, have few health cares options, and are victims of fraud and other crimes. Immigrant problems are related to trade agreements designed to enable large corporations to capture both consumer markets and cheap labor. These agreements protect rich investors, but not the workers or the environment. In the U.S., millions of production and assembly jobs are lost when corporations move operations overseas. Poor countries have had to sell state industries and open national borders to multinational corporations in order to meet a new economic order and payment of international debts. This process has restricted markets for home industries, driven out local producers, and forced people to immigrate. The U.S. borders can never be sealed, because millions of people are seeking ways to support their families, so will come to where jobs are available. Furthermore, American businesses want and need these workers. While the multinational corporations and their rich investors benefit from corporate welfare deals and seek out havens to avoid supporting society with their taxes, ordinary Americans have to pick up their tab. This situation sounds familiar in American labor history, where immigrants have been a mainstay in the national workforce. It wasn't until the labor movement gained strength that workers in the U.S. were able to turn â€Å"exploitive jobs into occupations that enabled them to support their families and improve their living conditions† (Dougherty, 2004). Higher wages have also increased their purchasing power, stimulated economic growth, and higher standards of living. Labor contracts and new laws, regulations, and policies established a more open employment system, procedures for addressing complaints, and safer working environments.

Frederick Douglass: On Anti-Slavery Essay

Frederick Douglass—the famous icon on the context of ‘classic slave autobiography’ is considerably an eloquent writer which in essence recounts his claim to fame as that who issued the â€Å"powerlessness resulting form the social appropriation of discourse. † Born on the month of February in the year 1818 at Near Easton, Maryland, his works and admirable finesse has been recognized as the heroic act of being a slave towards being an anti-slavery leader. At age of twenty, he was able to get off the leash of slavery and pursued with his aim to thoroughly expunge the radical schema of slavery through writing articles and other forms of documentation such as The Liberator; and thoroughly escaped the wrath of slavery at age thirty in the year 1838. Further, this Garrison writer also managed to write a book under his memoir entitled Narrative of the Life of Frederick Douglass, an American slave in the midst of year 1845 and gained numerous awards and took the limelight stage due to his eloquence and intellectual fortitude as a speaker on anti-slavery movements. Not only is he good in the field of public speaking, but he also managed to take a formidable seat through lecturing and spreading out his determination to achieve â€Å"freedom† through explicitly exposing himself and truth for the purpose of campaigning for the â€Å"rights of women, and participations on Seneca Falls Convention, and advocacy in the Republican Party. † As a matter of fact, he also helped in recruiting African Americans in enlisting in the Union army—for the fight against slavery—and even advising the most influential president, Abraham Lincoln, to support him in his endeavors. All of these, in the streamline of history and of literature have nevertheless paid off worthy enough. Interview with Frederick Douglass How does it feel to be famous and world-renowned? Good day to you and to our viewers. Well, I knew you would ask me that question since in my own experience, which is perhaps the legendary question which most of my interviewers consider as the â€Å"opening remark† per se. I could not feel anything more than happiness to take it to assumption that I am considerably renowned and labeled as one of those who are legendary and has made a difference in the world or on the context of slavery. Of course, like all the other public icons and heroes as far as history and literature is concerned makes me feel that I am in one point or another a blessed individual for having been given the gift of courage and eloquence. It may be hard, in some point, since there will always be â€Å"critics who are after pulling down your reputation† for reasons which I consequently define as lame. I mean like, after all the hard work I have done and with the support of the testimonies of those who were able to witness and experience the heroic act that I have made, they always try to pull me down. I don’t know why they are utterly absurd, but I guess that is how â€Å"fame† is actually established—to be talked about and to be criticized. Nevertheless, a person would not be considered famous if his or her name does not often linger on the media, press, or on critics for that instance. (Gerteis, p. 1448) Is it true that Haitis were opposed to mixed men? We are all aware that the Haitians have always been those who are aloof amongst other people or on other race. Well, it came to a point that they specifically hate individuals with â€Å"mixed citizenship†Ã¢â‚¬â€which as you can see includes me—and therefore, I became one of those who were always stalked by these people and sometimes, whenever they get the ample chance, they get to serve their wrath against me. I never really considered it as a threat, since I always thought that every race and every culture have diverse beliefs. â€Å"These beliefs, however, are manifested by historical events or simply a tradition inculcated by their forefathers†Ã¢â‚¬â€and believe me, when tradition or belief is at stake, trying to change it is like pulling a trigger on your head. (Douglass, p. 5) Why did you decide to revolt against slavery despite the â€Å"risk† that it contains? Initially, as a boy at age 20, I was one of those who were hiding from the closet for every explosion, which I may possibly hear. But then, there was this inner sense of â€Å"hatred† which I fervently feel to be a form of evil—inequity is one—and â€Å"to treat me and my people as slaves by individuals who are humans like us, stepping on the same ground, that is reason enough not to let them do their wrong doing. † It is a disgrace to humanity and I would not want my children to experience that kind of agony in the future. (Lee, p. 51) How would you define slavery in America? â€Å"American History often stresses the point of slavery and racial discrimination. † For that certain fact, it has made black Americans hungry for freedom that their way of being heard was through the use of pen by literature, or worse, in the realm of a bloody war. Plenty of truth bares the inequity behind the perceptions of asymmetrical treatment. There is this novel which formidably shattered my world apart. Anger, Betrayal, a feeling of Invisibility – all of which horrified the pitiful young man in Ralph Ellison’s Invisible Man, which continuously puzzle readers in scouring for the Nigger’s name. Perhaps it was better way off that way then, or else the name would also dignify the unfortunate fate encountered by the man in the novel. As for the invisible man, the story of his life, though he had felt, experienced and had been a witness of the biases in color, portrayed a perfect representation of the blacks stern personality and braveness, living with their belief that all men are created equal. The mentioned outward appearance of treatment must be expunged and totally be erased in the rationality of mankind, or rather have those antagonists be called white poisonous serpents eaten with selfish pride again (Breidlid). I and my men were treated like the invisible man himself, and I believe that no one would want to live in that kind of disposition in life. Please tell me something about the Douglass-Garrison Conflict, its nature? From the founding of the American Anti-Slavery Society in the year 1833, abolitionism has been marred by constant intra-group disagreements. Within seven years, ‘the movement split itself into two camps; one was headed by William Lloyd Garrison, while the other has been spearheaded by public personalities namely, Tappans, James G. Birney, Gerrit Smith and Joshua Leavitt. ’ However, ten years after, those camp escapades, another schism occurred which eventually involved two groups which are piously clashing in perspectives with regard to the imposition of anti-slavery activities. In this point of time, the feud took place under my jurisdiction and William Lloyd Garrison’s. (Tyrone Tillery) When did you thoroughly say that you were â€Å"free† at last? My free life began sometime in September, 1838. Thus, the exultant joy resulting from this gradually fascinating status was short-lived only. In the most frustrating connotation, the moment I reached New York—just when I thought I was already away from the rage of slavery—it was surprising to realize that their power also reached the city. By then, I told myself: â€Å"no man would ever have the right to call himself slave, or assert mastery over him,† I sought refuge with the new environment where, sad as it may seem, even people same as my color would betray me over the tingle of a few dollar. (Frederick Douglass) Do you think there were also other people who suffered the same agony as that of yours? Captivating stories had been written to inspire readers instead of lingering the unfortunate fate of those who failed to survive in the war. An example for this, is a brave black American woman in the name of Fannie Lou Hamer, a woman armed with hope to eradicate a form of juxtapose deprivation against what she believed to be elements of privilege in her own very limited environment was painstakingly given to her and of her family, an implication which states that Black Americans do not allow themselves to be treated like slaves by others (Lee). Along with her bravery as indulged by other authors were The Scottsboro Boys, Joe Louis, Richard Wright and Sterling Brown. When the war has commenced, ‘children and women had to leave their homes for safety and let their fathers or any man in their family risk their lives to battle’. Guns and explosives were seen everywhere. The flag was raised symbolizing that they are ready to face the doom of death. Children were ranting and women were hearing voices. They became afraid of coming out. (Lee, p. 56) What would be your last words for the raging experience that you have had before? It was not easy; it was facing death while being alive. It seemed as if we were to lose everything that we have worked for, everything that we have sown for our children, and for the coming generations of our offspring. Our ‘economy became stagnant’, and serenity was about to be crushed into pieces. But it was a fire, ignited with hope’s flame. It was to shed blood or to be slaves; to remain free or to be chained. I now serve as a living legacy to those who enjoy the freedom the mighty indigent heroes have fought for. (Chesebrough, p. 49) Works Cited Breidlid, A. American Culture: Texts on Civilization. 1st ed. New York: Routledge, 1996. Chesebrough, David B. Frederick Douglass: Oratory from Slavery. Westport, CT: Greenwood Press, 1998. Douglass, Frederick. Narrative of the Life of Frederick Douglass. New York: Prestwick House Inc. , 2004.

How to become a payroll clerk

How to become a payroll clerk If you’re a stickler for details and get a warm glow of satisfaction from the idea of people getting their paychecks on time, then you might want to consider becoming a payroll clerk. These financial professionals are responsible for maintaining and processing large amounts of financial data and payment information for companies.What does a payroll clerk do?Payroll clerks are employed by just about every kind of company (large or small, corporate or nonprofit, etc.) that has employees. These professionals manage employees’ financial data and are typically responsible for processing paychecks and other payments, keeping time records, and handling any pay-related information for employees (like tax information, insurance deductions, or other factors that can affect an employee’s pay).A payroll clerk’s duties may include:Calculating pay for employeesUsing payroll software to manage employee pay and financial informationCalculating taxes and deductionsProducin g and processing employee paychecksTracking employee work time and keeping accurate recordsInitiating direct deposit paymentsCalculating unemployment or severance payVerifying and resolving discrepancies in employee financial data or payKeeping detailed digital or paper financial records to be reportedIssuing pay statements and invoicesProcess and distribute financial documents like W-2 tax formsFollowing financial reporting procedures and legal best practicesThis is typically a 9-to-5 kind of job, with a standard 40-hour work week. Payroll clerks can be found across industries, as their skills are needed by just about any company that handles employee pay.What skills do payroll clerks need?This is a highly specialized role, so there are specific skill sets that will be an asset to you in this field.Math Skills:Â  Although this is a highly administrative position, it also calls for very strong math skills. The payroll clerk is responsible for money going in and out to employees, so they really must be able to do financial math effectively and accurately.Attention to Detail:Â  Because of the emphasis on accuracy, a payroll clerk needs to be able to spot discrepancies or problems in financial documents or paychecks. Mistakes can have significant impacts on employees or the company, so an eagle eye is essential, whether the clerk is using advanced accounting software or good old-fashioned paper and calculators.Problem Solving Skills:Â  Part of the job is resolving issues that inevitably come up when money, math, and humans are involved. If there are discrepancies in amounts paid versus amounts owed, the clerk needs to be able to resolve the issue quickly and accurately.What do you need to become a payroll clerk?The baseline minimum combination is a high school degree and a stellar set of math skills, but many companies prefer their payroll clerk to have at least an associate’s degree in business, accounting, or finance.How much do payroll clerks get pai d?According to the U.S. Bureau of Labor Statistics, payroll clerks earn a median annual salary of $43,580, or $20.95 per hour.What’s the outlook for payroll clerks?Because these professionals have a strong and versatile set of skills and can work in any industry that has need of payroll processing, it’s a solid career choice in the financial services and administration field. The U.S. Bureau of Labor Statistics expects that the demand for payroll clerks will continue to grow by about 6% through 2024.

Stanford Research Institute Essay Example

Stanford Research Institute Essay Example Stanford Research Institute Essay Stanford Research Institute Essay The purpose of this report is to assess a tourist resort proposal made by Coral Coast Marina Development Pty Ltd (CCMD) at Mauds Landing in terms of its sustainability. The assessment method used in this report is based on the Bellagio Principles which was found to be the most effective method of assessment for this type of proposal.  The report describes Mauds Landing in terms of its history and the importance of tourism in the region, then goes on to describe the proposal and its main features. The report concludes with the assessment of the proposal and offers recommendations on ways in which the proposal could be more sustainable. The findings of the report indicate that even though effective communication and public participation were evident in the proposal, the failure of informing the public on a wider level such as in the Perth CBD led to the refusal of the proposal.  1. Introduction  Sustainability assessments of proposals before they are implemented are necessary in determining the level of impact the development will have on the regions economy, character and environment. In 1995, Coral Coast Marina Development Pty Ltd (CCMD) began its long and highly publicised journey to develop a resort village in Coral Bay, more specifically in Mauds Landing. The first proposal put forward by CCMD was intended to increase tourist numbers and thus resulted in a media frenzy concerning Ningaloo Reef due to the negative impacts increased human activity will bring to the sensitive reef and surrounding habitats. Even though the Environmental Protection Agency (EPA) found the proposal to be environmentally acceptable subject to nine recommendations and a set of recommended environmental conditions, the proposal was rejected by the Minister for Environment. The Minister ruled that the proposal would have negative effects on Ningaloo Marine Park and water resources of the region. CCMD then put forward a second proposal which was also viewed as acceptable by the EPA but then rejected by the Premier of Western Australia Geoff Gallop. Large public support against the proposal played an important part in the premiers decision. The Bellagio Principle will be used in this report to assess the sustainability of the proposed development by CCMD. 2. The Site ( Mauds Landing)  2.1 History  Mauds Landing, situated on the north-west cape of Western Australia marks the first recorded European activity in the Coral Bay region. Mauds Landing was discovered by the Captain of the boat Maud in 1884, but the region was believed to be used by Aboriginals previous to discovery due to materials found in rock shelters, shell maddens and caves on the Cape Range peninsula which indicate that Aboriginal people lived on the Ningaloo coast for over 30 000 years (____).  The town site reserve was gazetted in 1896 in order to protect the site of an existing jetty and government goods shed and the town was officially named Mauds Landing in 1915. Mauds Landing played an important role in the settlement and growth of the north west of Western Australia. (___) states that the local woolshed and jetty which included a tramway served the local pastoralists in the provision of supplies and in the outward shipment of wool and sheep from 1898 until 1947.  2.2 Background  In 1995 Coral Coast Marina Development Pty Ltd put forward a proposal to construct and operate a resort village and inland marina at the Mauds Landing town site near Coral Bay in the Shire of Carnarvon, WA. This site is located 250km north of Carnarvon and 150km south of Exmouth and is currently considered as vacant crown land and is adjacent to the sensitive Ningaloo Marine Park which is a highly popular tourist destination.  2.3 Importance of Tourism in the Region  Coral Bay is a tourist village with a permanent population of approximately 60 people and a visitor population that peaks at over 2,000 during holiday season. The Gascoyne Region contains several tourist attractions such as the Ningaloo Marine Park, the Cape Range National Park, warm climate along with the unspoiled beaches, unique wildlife and activities such as whale watching and coral spawning.  Tourists also participate in a range of recreational activities such as snorkelling, scuba diving, fishing, swimming, boating, surfing and camping. Tourism is considered a significant industry in the Gascoyne Region and contributes over $60 million to the regional economy (CCMD 2000a). Accommodation facilities in the Region are mostly low-key and provide basic facilities only. At Carnarvon, Coral Bay and Exmouth accommodation is mainly made up of caravan parks, motels/ hotels and holiday units. Furthermore, along the coastline there are numerous supervised and unsupervised camping areas (Bowman Bishaw Gorham 1995).  A study in 1996 into the Gascoyne Coast Regional Strategy identified overcrowding as a common problem in Coral Bay, with the most severe cases occurring in the July school holiday period (CCMD Pty Ltd 2002) Ecotourism is a growing sector of the tourism industry. (CCMD 2000a) defines ecotourism as nature-based tourism that involves education and interpretation of the natural environment and is managed to be ecologically sustainable.  In addition, the Stanford Research Institute predicts that ecotourism will become the fastest growing sector of the tourism market and will grow by approximately 30%, compared to 5% growth for international tourism (CCMD 2000a). There are several reasons contributing to this figure but the most valid explanation is that tourists are increasingly demanding unspoilt environments and experiences that will bring them closer to nature and it is thus important to sustain the values on which this demand is based (Crockett 2000). There is therefore a need to accommodate for this increase and thus CCMD proposed the Coral Coast Resort which would home several tourists a year and add to the regions economy.

The thought after read the economic book Essay Example | Topics and Well Written Essays - 1250 words

The thought after read the economic book - Essay Example Beside this book, Schafer has published other books on economics and culture. In this book, Schafer has primarily based on two major aspects, which he believed have a great influence on the world today. These are culture and economics. He therefore, has analyzed these two important factors and evaluated their influence on the world through the historical lenses. His main argument is that the world has been existing in the economic age, since Adam Smith’s work on the Wealth of Nations in 1776. Schafer argues that this economic age has had negative influence in society, and is the source of most of the economic and cultural problems experienced in the world today. Schafer however, makes it clear that the economic age has had considerable positive effects in society, but the negative influence supercedes its positive effects. Although the economic age has led to increased production, economic power, and wealth, to a greater extent, this has resulted in considerable social and eco nomic problems, as some of its effects. In addition, economics has failed to address these negative effects of the economic age. In this book, Schafer has explained the development of the economic age, tracing it from the 1776 work of Adam Smith on The Wealth of Nations to the present century. ... Nonetheless, this work of Schafer leads to the conclusion that the economic age has failed to realize the desired economic, social, and cultural development and sustainability. Therefore, Schafer recommends that society needs to shift from the economic age, and embrace culture as its main force and source of development and sustainability. Schafer, who is knowledgeable in economics, and author of this book, has his own personal views about this book, which he shared with different people in interviews, and other channels through which he was asked to comment on them. In August 2009, the Upper Case, of the University of Ottawa, held an interview with Schafer, about this book, and about what influenced him to write the book. Upper Case is affiliated with UOP, which publishes Canadian and other books by international scholars in both English and French languages, and these books are peer-reviewed. This has been publishing since 1936. However, Upper Case mainly performs interviews on aut hors, writing biographies of authors, writing book reviews, and posting notifications about book launches and related events (Upper Case WEB). During the interview with Upper Case, Schafer was expected to discuss his career, and how it influenced the ideas expressed in this book. He explained that he originally trained in economics and international development, before undertaking another different training in the field of culture. Therefore, his knowledge in these two areas of economics and culture, laid the foundation for the ideas in this book. He was particularly influenced by Adam Smith’s work of The Wealth of Nations, which made him study culture too. In economics, he had the conviction that it was wrong for society to base on economics and economies as

Music Essay Example | Topics and Well Written Essays - 500 words - 19

Music - Essay Example This is the aspect that distinguishes different artists. There are different genres of music with each having a unique history and features that define it (Patel 182). The preference for each of the genres is also considered as a way of self expression because the different genres convey varying emotions. Emotions that are expressed through music can be categorized into two groups. There are both negative and positive emotions depending on the type of mood that the emotions cause. For example, emotions such as happiness and love are expressed differently from negative emotions such as anger, resentment, grief and remorse. When students are seeking to express any of these emotions in their music, they must be aware that their gestures, body movements, facial expressions, tone variations, tempo and mode of the music as well as the accompanying instruments should be used to enhance the emotions to be expressed. When expressing negative emotions such as resentment and grief, a slow tempo is preferred. On the other end, fast tempo signifies happiness or positive emotions when used in a song (96). In a more specific way, students can use music to express emotions that define their experience as students. For example, students who are victims of bullying can use music to express the anger, resentment and the pain associated with bullying. Evidently, bullying is one of the terrible experiences that students have to handle. Such deep emotions can be expressed effectively using music as long as the student chooses the right features in conformity to the emotions being expressed. Other students have experienced the adverse effects of divorce and can rely on music to narrate their experience (300). One of the highly expressive music genres is the blues category which has its roots in African Americans who served as slaves. A close analysis of different features of the blues category can help students develop