Emerging markets Essay Example | Topics and Well Written Essays - 2750 words

Emerging markets - Essay Example Countries globally are developing by encouraging foreign direct investments (FDI). They are doing this in order to increase their economic strength and move forward economically. Emerging markets have developed in various countries especially developing countries. Emerging markets attract FDI based on the mode of the economy in terms of development, political and market share. This paper explains foreign direct investment (FDI) in emerging markets and focuses in China as one of the emerging markets encouraging FDI. Justification of the Topic Foreign direct investment (FDI) in emerging markets is chosen as the topic of study in this article. FDI relates to an investment done by a firm in a foreign country. The foreign firm does the investment for creation of commodities. FDI is encouraged by the availability of factors of production, markets share and flexibility of economy. Foreign direct investment (FDI) is taken to by the big firms to the developing countries mostly the emerging ec onomies. This is seen as a change from the previous act whereby most firms in developing countries were investing in their own countries. The rise of foreign direct investments on emerging markets has been increasing since 1980. The same factors noted above increases the rate of FDI in emerging markets. ... Resmini (2000) adds that increasing FDI has been seen in the developing countries. The idea is supported by various factors including the cost of labour, political stability, stable financial institutions and stable economies in the host countries. The author explains further that investors have been able to view and analyze the above mentioned factors to conduct investments in emerging markets. Some of the emerging markets have not been exploited because of the countries’ political instability, poor financial regulations and weak development shown by workers. FDI on emerging markets has also be supported by the changes in various countries whereby the investors have are able to acquire state owned items, which has been happening in various countries especially Asian and Latin American countries. The fact is that the investors in the above mentioned countries are able to obtain the assets because of financial crises which have recently hit the countries. Furthermore, the inven tors in those markets are encouraged by cheap and available labour. Despite the search of strong financial institutions and stable economies by the investors in emerging markets, most of the emerging markets have got the above disadvantages as compared to developed countries. FDI investing in the emerging markets are not the same with the FDI in developed countries. They use different strategies to counter the difficulties in the developing countries to increase their investments. One of the strategies is the provision of lower wages to the workers since they are operating in unstable economies. Emerging markets are currently the sources to the growth of most countries’ economies. This can be evidenced from the current growth seen in countries like China, Brazil, South

Innovation and Invention in the Current Age Essay Example for Free

Innovation and Invention in the Current Age Essay I’m sure you all might have sensed something wrong as soon as you would have read the title of the article- Invention is the mother of necessity. Well, to go by conventions there is a proverb which goes like –Necessity is the mother of Invention. My English teacher used to elaborate this one by explaining that, it’s the necessity or paucity of something that leads to an invention. To cite a few simple examples- Telephones, mobiles etc. The telephones and mobiles were invented because it was a necessity for people to get in touch even when they are miles away. So that is how the proverb- Necessity is the mother of Invention goes. But, the technology traits today converse the proverb in entirety. In today’s mind-bogglingly advancing Technology Universe, it’s the invention of something that evolves its necessity. We need not be Marketing Experts or Trade Analysts to understand this simple yet cunning gamble of Technology vendors. I will begin justifying my topic with one the latest Tech-trends- The Tablet PCs. I’m sure you all might have seen the recurrently flashing endorsements of Tablet PCs, most popular of them being Apple’s Ipad. Let’s go in deep waters. The Tablet PC vendors in their advertisements claim that Tablet PCs are a vital necessity for professionals in the Corporate World. Corporates have lots of work, to be specific important work, and if they want to carry it with them, they can just do it via Tablet PCs. Hence, this would increase the response of the corporates towards events and thereby increasing a firm’s productivity. This is the most clichà ©d explanation a marketer for Tablet PC would provide. But, I would make a simple question here. Were Microsoft, Apple Inc, Hawlett Packard and other Big Daddies in B-World making losses when Tablet PCs weren’t invented? Or did their profit graph break the charts after the Tablets were invented? Obviously not ! Then why the Tablet PCs? Answer to this is simple- Profits. If we try to understand the marketing strategies, we would come to a conclusion that a company cannot sustain profits with a single product. You cannot keep on selling the same thing every day, because people already have it, their necessity is quenched and they wouldn’t want to buy it again. Hence, why not create something new? Once a new product is  made, the demand for it can always be created. People are always in hunt of new gadgets, not out of necessity but out of curiosity and voracity. People would always want to try something which they’ve never tried. That too, if the target audience is the Corporate World, sell them anything in the name of profit and they would buy it obliviously . As a result, now you see the corporates going GAGA over the Tablet PCs, some of them have even started equipping the creamy staff with IPADs and stuff in panic for high profits. Another example is Facebook. Facebook was created under the pseudo motive of Social Networking. I feel like laughing when I hear the term Social Networking associated with Facebook. The reason being, there is everything else happening on Facebook except Social Networking. Spying, Virtual Relationships, Corporate Deals, Advertising Marketing, Gaming, Celebrities but Social Networking is something with definitely seems absconding. It was invented to get people ( rather strangers ) closer socially. But I’ve a question to ask, did people have no friends before Facebook existed? I bet people had better friends and better relationships before Facebook. Now, the scenario is that, we would see the newspapers reporting breakups and divorce due to spying issues over Facebook. We would find people’s privacy violated and hence misused. 3 out of 7 days in a week, the news fader on Yahoo! homepage shows issues posed due to usage of Facebook A couple got divorced due to suspicious wall posts, an employee was sacked for writing ill about his boss in his status updates, celebrities digging at each other and what not. In the name of a bliss pertaining to Social Networking and Togetherness it proved a jinx! Not only this, it made the youths so fervent about it, that its mania affected their academics. Facebook now has become an indispensable part of almost everybody’s life. It was never a necessity, but its invention made it a necessity, to be more explicit-an ADDICTION. If you look around, you will find so many things which logically hold negligible prudence in our life, still we have got hooked to it, rather we have been made to hook to it. Sometimes, we are hooked to a particular thing not because we find it necessary or important, but just due to peer pressure. Ipods, Ipads, Smartphones have become a STATUS SYMBOL today and  hence many people use it involuntarily to show off their lofty stratum. Marketing Strategies have cast such a robust spell on our mind that it hardly sees the vitality of anything and just makes it a part of our life. It’s difficult to get out of this conjure but not impossible. It’s time we contemplate about the things we’re using, and about the things we’re addicted to. To conclude, â€Å"Invention is the Mother of Necessity†- is the Mantra which Vendors and Marketers follow today. We being mere mortals fall an easy prey to this hoax. Yet, if thoughtful approach is given precedence over Peer Pressure, Greed for Profit and Class Conscious Approach, it can be tackled with. As soon as people need something, they invent it. For example, when ancient people felt hunger – they went on hunting and for that they invented the bow and arrows. When they needed to carry heavy cargos to large distances the wheel was discovered. In fact, every day the humanity faces new challenges that can’t be met using only the existing technologies. And that’s why new inventions are made every day. Actually, there are people who would challenge even the seemingly obvious statement that â€Å"Necessity is the mother of invention†. They say that inventions were not inspired by the necessity alone. Curiosity was, and still is, a powerful stimulus for explorers, researchers, and inventors. Besides, I have heard more than once, sometimes as a joke, the idea that laziness is the mother of invention, as the man by nature has always been trying to make his life easier by all possible means. Laziness combined with ingenuity, inspired the man to boost his strength by means of the lever, the wheel and axle, and the pulley. For the same reason, the man discovered the sail which enabled him to move fast across the seas without putting any effort into it. But the most obvious proof of this statement is the invention of the remote control for the TV set. Only a very lazy person could have invented a way to avoid having to stand up from a sofa or a  recliner to press a button of the T V set manually. Moreover, there is another point of view that jealousy is the mother of invention. It’s known that the man has only invented the wings because people had long envied the birds their ability to fly. The envy of the fish’s ability to breathe under water has encouraged the man to invent the aqualung. So, those who say that envy gives the start to any progress are not far from the truth. But still, whichever it may be: curiosity, laziness, or jealousy – all of them are nothing but substitutes for necessity. It was necessity that forced the man, almost half-ape, to start The meaning of the proverb is self-evident. We invent what we need; unless we feel the pressure of needs, we are not likely to invent anything. The fable of the thirsty crow which collected pebbles and threw them into the jar to raise the level of water to the birds reach of lips is well-known. Mere necessity would not help us much if we are not moved by thought. Animals have their needs but because t hey lack the power of thinking and ingenuity, they cannot invent anything. They act on instinct and follow a beaten track. Hence, the correct formula should be necessity is the mother of invention but only when it is supported by the power of thinking. This, of course, is obvious. When man feels the pinching need of anything, he begins to think how he can satisfy his needs. He then sets his mind to the task of invention. Necessity gives the first impulse; the rest is the work of the intellect. In primitive times men lived by hunting. It became necessary to shoot and bring down the bird flying or the beast running beyond the reach of man. Hence, the bow and the arrow were invented. Clothes were devised as protection against cold, houses for shelter. Implements were invented for production of food. In this way, various instruments were made to secure a better standard of living. Man is not only the slave of his needs but their creator as well. He not only seeks to satisfy his necessity but also his desire for beauty, his lust for power. Culinary skill has been invented to please the palate. Ornaments were invented to add to female beauty. Man has spent millions trying to invent guided locomotives to the moon and other planets like Mars, not because there is any crying need for the same, but because it gives the thrill of doing the outwardly impossible. The mere satisfaction of needs can never be the sole motive for exercising mans faculties for inventiveness. The proverb tells us not to be passive in our attitude to life.

Death Penalty :: essays research papers

Title: Death Penalty Author: Ryan Rating: 17 Rate this Paper The death penalty should be upheld by the government because countless dollars are spent holding criminals in jail. Also jails are more overpopulated than ever. What really annoys people is that these cold-hearted criminals are put on parole after only serving several years. Being against killing is okay, but putting a life to rest in order to save more lives makes more sense. Criminals live an easy life in prison, and they probably don’t think twice about their crime. First of all, people pay taxes for prisoners to live a healthy lifestyle. Criminals eat, sleep, and are even given an education. All these excessive luxuries will be taken from most of the prisoners who deserve the death penalty. The death row cellmates will be put on a strict watch of what they do. When we get more prisoners on death row who will eventually die we will save money that we usually pay to keep prisoners in jail. People who are against the death penalty probably did not have someone close to them t aken away by a murderer. The families and friends of victims have a right to justice. Seeing the horror one person or a couple can bring to many should send a message to the public that this should stop. Many people will agree that the death penalty is just. In addition the death penalty can lower crime. The way a criminal should be put to death should be taken into consideration. It should be determined by what they did to deserve the death penalty. The retaliation of the government on a criminal should be derived from â€Å"An eye for an eye, a tooth for a tooth† way of thinking. This issue should be debated after the death penalty is put into affect. Recent views raise a new question on an â€Å"ancient† punishment.

Indexical Grids and the Construction of Identity in Wilde’s The Importa

The Victorian Google: Indexical Grids and the Construction of Identity in Wilde’s The Importance of Earnest This paper considers the indexical grid, those texts such as the railway time table, the army list, or the postal directory upon which the Victorians depended to manage the proliferation of information in the nineteenth century even as we use internet search engines such as Google today. Then as now the indexical grid surpassed its utilitarian function as simply a means of locating a person’s address or confirming a fact. It fundamentally altered the subject’s relation to the organization of knowledge, and, in so doing, provided possibilities for new modes of identity formation. This paper takes Wilde’s The Importance of Being Earnest as its case in point in order to argue for the productive function of the indexical grid, its capacity to disinter the subject from its organic rootedness in history, even while invoking history as the condition of this alternative model of subjectivity. In the modern world of information, it concludes, one discovers the â€Å"trut h† of one’s being not in the experiential process celebrated by the bildungsroman, but in the depthless alphabetical arrangements of the archive. Foucault’s The Order of Things describes the modern episteme as resulting from the breakdown of the taxonomic imperatives of Classicism. The exemplary form of such imperatives was the scientific table, the mathematical function of which was to link things together through external resemblances and differences that effaced their relation to history; in such an order, â€Å"the sequence of chronologies merely scanned the prior and more fundamental space of a table which presented all possibilities in advance† (218). By the nineteent... ...d in the same way,† as Derrida notes, â€Å"is no longer lived the same way. Archivable meaning is also and in advance codeteremined by the structure that archives† (18). The effect of this structure is not to arrest Jack within the space of order, but to affirm his identity an effect of its productive potential. In a world in which subjectivity seems more often to reside on the surfaces of an index card than in the deep recesses of the self, â€Å"[t]he truth,† as Algy says, â€Å"is rarely pure and simple. Modern life would be very tedious if it were either, and modern literature, a complete impossibility!† Works Cited Derrida, Jacques. Archive Fever: A Freudian Impression. Trans. Eric Prenowitz. Chicago: U of Chicago P, 1996 Foucault, Michel. The Order of Things: An Archaeology of the Human Sciences. New York: Vintage, 1973. Wilde, Oscar. The Importance f Being Earnest.

Code of Ethics Comparison

Comparison of Ethics Codes: Church Focused or Self Focused Diana Calhoun Liberty University Abstract The American Association of Christian Counselors (AACC) and the American Counseling Association (ACA) have both established a code of ethics to assist and protect their members in serving and protecting their clients. While there are many differences between the two ethics codes, there are also many similarities. The first part of this essay will discuss the general differences in ethics codes adhered to from the AACC and the ACA.The second part of this essay will discuss the differences between the two organizations’ codes of ethics in subjects of conflict of interest in fees, sexual intimacies, and discrimination. In conclusion clarification on how the similarities between the two codes are the AACC’s attempt to not adopt areas in which the ACA’s practice is not glorifying to Christ and how His church should respond in such subject matters. Comparison of Ethics Codes: Church Focused or Self FocusedThe ultimate goal between the American Association of Christian Counselors (AACC) and the American Counseling Association (ACA) is different in their code of ethics pursuit. In the ACA Code of Ethics the main goal of the association’s members are to â€Å"recognize diversity, and embrace a cross-cultural approach in support of the worth dignity, potential and uniqueness of people within their social and cultural contexts† (2005, p. 3).The AACC Code of Ethics primary goal is â€Å"to bring honor to Jesus Christ and his church, promote excellence in Christian counseling, and bring unity to Christian counselors† (2004, p. 3). Even though these goals are vastly different, in order for the AACC to accomplish its goal of honoring Christ and the church it also wants to lovingly respect God’s creation while counseling people. With that in mind the AACC Code of Ethics consulted the American Counseling Association in addition to other ethics codes in the drafting of its statement (2004, p. ). This creates many similarities and differences between the two codes. The similarities are revealed as the AACC retained ethical stances from the ACA that supported the AACC’s goal, not contradict it. The practices on how these two different goals are achieved by both organizations will be reviewed along with its affects on ethical views. Section I: General Comparison of the Two Codes Both the AACC and ACA have a similar general goal to do â€Å"no harm† to the client, and that all their actions should be consistent with that counseling goal.There are many sub goals and protocols to assist the counselor in abiding to this counseling goal. Sub goals consist of regards to privacy, appropriate counselor-client relationship guidelines, counseling plans, training and resolutions of ethical issues. However the difference between the AACC and ACA is the perspective or definition of what each group considers bei ng â€Å"no harm† to the client. The ACA code of ethics appears to be legal guidelines in counseling clients to learn to look inward and make decisions in life on their own based on the client’s moral values.This can include to any degree the client’s view on sex, drugs, money, power or any pleasure deriving device to provide the client with immediate satisfaction. As stated in Competent Christian Counseling this however can be a numbing agent providing short term relief when one desires to find purpose for their life. This short term relief can lead to long term sorrow. Being entrapped in long term sorrow is not classified as a ‘no harm’ counseling goal for any client (Clinton, & Ohlschlager, 2002, p. 26).The AACC Code of Ethics goes beyond just legal guidelines in their dedication â€Å"to Jesus Christ as their ‘first love,’ to excellence in client service, to ethical integrity in practice, and to respect for everyone encounteredâ₠¬  (2004, p. 5). According to Competent Christian Counseling, Christian counselors not only want to help foster growth for a healthy lifestyle but also to assist clients in a more fulfilling life that will sustain, to show clients â€Å"relief that lasts, purpose that remains, and direction that leads to a hope-filled future.The sufferers who flee into the arms of God can discover this relief† (Clinton, & Ohlschlager, 2002, p. 26). This is ultimately the ‘no harm’ perspective and goal; long term ‘no harm’ and not just short term relief ‘no harm’. The AACC Code of Ethics also strives that even in having this ultimate goal they also honor the client’s choice in spiritual interventions in counseling, verifying that the client’s goals are the counselor’s goals and that the counselor is respecting the client’s counseling goals (2004, p. 11, 1-330).This balance is shown by the counselor not condoning abortions, adu ltery, abuse, addictions, and divorce; yet the counselor will not discriminate against a client whose beliefs and values are not the same. The Christian counselor is spurred on to use the counseling sessions as Jesus did when he ate and fellowshipped with sinners (Matthew 9:10 NLT). The only similarity with the ACA Code of Ethics is the stance to avoid imposing values that are inconsistent with counseling goals. (2002, p. 4, A. 4) Section II: Specific Comparison of Three Particular AreasFees Fees for services rendered should be clearly stated to the client. Both code of ethics for the ACA and the AACC contain guidelines for possible options for how fees can be rendered. The profound difference between the two is the lack of provision by the ACA for when funds are not sufficient from the client to cover the cost. In their code of ethics, the ACA (2002) makes an optional provision through bartering in section A. 10. d as an only alternative before referring clients to affordable compa rable services as stated in section A. 10. c (p. 6).In addition to bartering, in their code of ethics, the AACC (2004) goes on to encourage a sliding fee scale or even pro bono work as stated in sections 1-513 and 1-512 in order to meet the client where they are financially (p. 13). These solutions can be temporary or permanent for the client’s financial situation. These are additional ways that the AACC suggest for ethical compensation. They are also great ways to go beyond the basic legal criteria as stated in the ACA code of ethics in order to make assistance available for clients to obtain counseling.These techniques are also supportive of the counselor’s goal of not abandoning the client. Sexual Intimacies Sexual intimacies are the application of pre-marital or extramarital sexual behavior in a client’s life. Both the AACC and the ACA share the ethical guideline of not imposing the counselor’s values and beliefs on the client. However the AACC and th e ACA’s similarities stop at that point. In their code of ethics the ACA (2002) states in section A. 4 that counselors are to avoid imposing their own values and are to respect the diversity of their clients (p. -5). The AACC (2004) states in their code of ethics in section 1-125 that counselors will refuse to condone or advocate the pursuit or active involvement in sexual behavior outside of marriage (p. 7). There is a clear distinction between the two ethical codes on this matter. Christian counselors will not abandon a client by discriminating against a client even when the client’s beliefs and values are different. A counselor is not to impose their own beliefs and values on a client but the counselor can review a client’s motives that may fuel their actions.Discrimination Discrimination is when someone is treated differently from others, due to involvement in a certain group. Specific groups receiving differential treatment can be identified by age, gender, race, ethnicity, socio-economic status, education, sexual orientation, sexual behavior, denomination, belief system, values, or political affiliation. Both the ACA Code of Ethics and the AACC Codes of Ethics contain guidelines for on discrimination, and neither will tolerate discrimination.In their code of ethics the ACA (2002) states that counselors do not discriminate in a manner that has a negative impact on a person (p. 10, C. 5). In the AACC Codes of Ethics states that not only would they not treat persons in a harmful manner, but that they will challenge harmful attitudes and actions while express a loving care and ultimately loving one well when pushing them forward (2004, P. 6, 1-101). These harmful attitudes and actions will not exclude discriminatory topics of sexual behavior, belief systems, values or others; but will be lovingly examined to what may fuel the actions in these areas.Conclusion The distinctions between the two ethical codes from the AACC and the ACA do not exclude the Christian counselor from treating clients with situations that differ from the counselor’s personal values. Since Christian counselors are not to condone and advocate actions that do not bring honor to Jesus Christ and his church, they are challenged with â€Å"fitting their counseling models to people, rather than fitting people to counseling models† as stated by Clinton & Ohlschlager in their book, Competent Christian Counseling (2002, p. 6). These counseling models may include some unique methods such as a willingness to confront people with an attitude of love and to challenge them to correct erroneous beliefs about the world. Research has shown these techniques to be most beneficial and potent (Clinton & Ohlschager, 2002, p. 43). These techniques can lead a client to a more fulfilling life that will sustain, as the Christian counselor honors Jesus Christ by handling his creation, the client, in the best way possible.Excluding Christian counselors from working with clients whose lifestyles are different from the counselor’s personal values, gives the client the only option to find counselors that hold the same personal values and belief perspectives as the client. Counseling for the client will then be focused on themselves and the pursuit of their happiness. The AACC encourages Christian counselors not to let financial, personal value differences, or discrimination to interfere the main goal of the Christian counselor; to honor Jesus Christ and the church in the pursuit of the gospel call through counseling.The ACA encourages the counselor to keep all personal values out of the counseling environment in order to push the client forward in their own personal pursuit of happiness as long as it is legal and supportive of their counseling goals. This illustrates differences in church and self focused ethics. References American Counseling Association. (2005). ACA Code of Ethics. Retrieved from http://www. counseling. org/reso urces/codeofethics/TP/home/ct2. aspx. American Association of Christian Counselors. (2004). AACC Code of Ethics. Retrieved from http://www. aacc. net/about-us/code-of-ethics/.Clinton, T. & Ohlschlager, G. (2002). Christian counseling and compassionate soul care: The case for twenty-first-century practice. In T. Clinton & G. Ohlschlager (Eds. ). Competent Christian counseling: Foundations and practice of compassionate soul care. (pp. 11-34), Colorado Springs, CO: Waterbrook Press. Clinton, T. & Ohlschlager, G. (2002). Competent Christian counseling: Definitions and dynamics. In T. Clinton & G. Ohlschlager (Eds. ). Competent Christian counseling: Foundations and practice of compassionate soul care. (pp. 36-68), Colorado Springs, CO: Waterbrook Press.

Monopolies - A Case Study Essays - Economic Systems, Free Essays

Monopolies - A Case Study Essays - Economic Systems, Free Essays Monopolies - A Case Study John Velimirovic Monopolization And Its Implication On A World Scale The monopolization of the capitalist system is at the base, a degradation, not only of the "free-competition" of the capitalistic (bourgeoises) socio-economic order, it is also, the degradation of the working class and, in fact, the respective systems imminent demise. During the Cold War competition between potential monopolist nations, USA, France, Germany, England and Canada was highly minimized and co-operation was (ironically) encouraged to counter the Soviet threat. Today, with the fall of the pseudo-socialist states in the Eastern block and the subsequent degeneration of such states in Asia, cooperation has been deemed unnecessary and a general neo-imperialistic takeover, a rat race if the reader will bear with me, has been instigated. However, it must be understood before the reader continues, the process unravelling before our eyes today, this disaster, is not a recent occurrence. Some economists and political analysts have dated its"birth" to the start of the Russo-Japanese war and the industrialization of the African colonies (imperialism). This being the case, though imperialism is primarily considered a political phenomenon by bourgeoises economists, socialists have cooked deeper into the matter and "unveiled" the economic character of imperialism and it's apparent contradictions (this will be dealt with later, as well as an overview of the historic contradictions, economic intricacies and ethical realities of imperialism. It should also be stated, that the term monopoly, "monopolization" will be dealt with from the left-wing point of view, as "imperialism"). The two prevalent schools of economic thought, the left wing (socialist) and the right wing (libertarian, "laissez fare" capitalists ...), have entirely different view on the matter of monopolization of capital. While the socialist, especially those of the Marxist persuasion (to which the author belongs), claim that the monopolization of capital is the most significant event in the history of capitalism since robotics, the bourgeoises economist refuse to recognize (foolishly), that a change in economic structure has even occurred! The contemporary bourgeoises media refers to the world market and it's expansion. This term is so overused and under analysed that these pseud-master, have managed to use it as a veil, as a euphemism to downplay the historical change, brought about by the fall of the eastern block and the subsequent degeneration of the Asian "peoples' republics". The "expanding world market"or the "world market",on its own, has always existed and expanded to new markets, so the above terms , when applied to the monopolization of the world market by the imperialist nations (see above), is an example of false terminology. The Domestic Consolidation of Capitalist Monopolies The international hegemony of the imperialist nation is impossible on such a grand scale, without the consolidation of the monopolization of capital, within the respective nation itself. The monopolization of capital in a single nation is, even though an important transformation, hardly baffling occurrence. It is, in essence, the domination of a single company (monopoly) or of many companies (oligarchies) over their respective competitions. At such a position, these companies wreck havoc on the market. They enter into special agreements (though they are in theory competitors) to artificially "jack-up" prices and inflate their profit margin at the expense of the consumer. An essential part of the functioning of what leftists term imperialism is the role of the banks without which the monopolization of capital is impossible and anachronistic. The principal role of banks is to serve as middlemen in the making of payments. By managing is such activities, they transform inactive money capital into profit yielding capital as well as placing numerous money revenues at the disposal of the capitalists. As a result, the banks grow, becoming monopolies themselves, obtaining at their disposal not only the profits of the capitalists, but the bulk of their capital as well. Through this process, the powerful banks "take after" the smaller ones and the market is left with a handful of superbanks having at their disposal the wealth of the whole nation. They enter into agreements to self interest rates and government policies basked on the way these banks function. This is incredibly detrimental because the general well being of the nation is confined and restricted to the demands of the money-making process. As a result over 95%of the population who does not control

Definition and Examples of Semantic Entailment

Definition and Examples of Semantic Entailment In semantics  and pragmatics, entailment is the principle that under certain conditions the truth of one statement ensures the truth of a second statement. Also called strict implication,  logical consequence, and semantic consequence. The two types of entailment that are the most frequent in language, says  Daniel Vanderveken, are truth conditional and illocutionary entailments. For example, he says, the performative sentence I beg you to help me illocutionary entails the imperative sentence Please, help me! and truth conditionally entails the declarative sentence You can help me (Meaning and Speech Acts: Principles of Language Use, 1990). Commentary [O]ne statement entails another when the second is a logically necessary consequence of the first, as Alan lives in Toronto entails Alan lives in Canada. Note that the relationship of entailment, unlike that of paraphrase, is one-way: it is not the case that Alan lives in Canada entails Alan lives in Toronto. (Laurel J. Brinton, The Structure of Modern English: A Linguistic Introduction. John Benjamins, 2000) [M]any, if not all, assertive sentences (statements, propositions) of a language allow for inferences solely on the basis of their meanings. For example, when I say Ben has been murdered, then anyone who has understood this utterance and accepts its truth will also accept the truth of the statement Ben is dead. (Pieter A. M. Seuren, Western Linguistics: An Historical Introduction. Wiley-Blackwell, 1998) Entailment Relations An entailment can be thought of as a relationship between one sentence or set of sentences, the entailing expressions, and another sentence, what is entailed... We can find countless examples where entailment relations hold between sentences and countless where they do not. The English sentence (14) is normally interpreted so that it entails the sentences in (15) but does not entail those in (16). (14) Lee kissed Kim passionately. (15)a. Lee kissed Kim.b. Kim was kissed by Lee.c. Kim was kissed.d. Lee touched Kim with her lips. (16)a. Lee married Kim.b. Kim kissed Lee.c. Lee kissed Kim many times.d. Lee did not kiss Kim. (Gennaro Chierchia and Sally McConnell-Ginet, Meaning and Grammar: An Introduction to Semantics. MIT Press, 2000) The Challenge of Determining Meaning Semantic entailment is  the task of determining, for example, that the sentence: Wal-Mart defended itself in court today against claims that its female employees were kept out of jobs in management because they are women entails that Wal-Mart was sued for sexual discrimination. Determining whether the meaning of a given text snippet entails that of another or whether they have the same meaning is a fundamental problem in natural language understanding that requires the ability to extract over the inherent syntactic and semantic variability in natural language. This challenge is at the heart of many high-level natural language processing tasks including Question Answering, Information Retrieval and Extraction, Machine Translation, and others that attempt to reason about and capture the meaning of linguistic expressions.Research in natural language processing in the last few years has concentrated on developing resources that provide multiple levels of syntactic and semantic analysis, resolve context sensitive ambiguities, and identify relational structures and abstractions.... (Rodrigo de Salvo Braz et al., An Inference Model for Semantic Entailment in Natural Languages.  Machine Learning Challenges: Evaluating Predictive Uncertainty, Visual Object Classif ication and Recognizing Textual Entailment, ed. by  Joaquin Quià ±onero  Candela et al. Springer, 2006)

Charismatic Leadership

Charismatic Leadership Abstract What is Leadership? Today it is important to understanding various leadership styles and the truth behind them due to diversification in the workforce. Different styles enable one to fairly deal with developments in any discipline of management or leadership. The style of leadership is a main concern over employees’ performance.Advertising We will write a custom essay sample on Charismatic Leadership specifically for you for only $16.05 $11/page Learn More Leadership is the ability to steer off activities of a team to success. There is need to explore various theories and applications utilized in leading diverse groups of personnel especially different age groups. The application includes the characteristics or models used for measuring leadership styles and strategies. This paper forms a significant over-view of the assumption that charismatic leadership is a transformational way of modernizing intellectual governance. It also forms an analy sis of the claim that the charismatic leaders are inspirational and transforms their group members for better performances. What are the challenges facing the charismatic leaders? Does failure to establish leadership qualities cause failure of missions? The paper forms an analysis of the aspects that forms, energize or transforms leaders with a close reference to charismatic style of leadership. Recognizing leadership Leadership is guidance or assistance procedures mainly concern with the way people create rapport, communicate and live by the significances for life (Hargreaves, 2003). According to Hargreaves (2003), for a leadership style to be effective, it is imperative to practice some key governance values. The process of leadership in an organization is considerably complex due to the high expectations placed by people regarding their different needs, synergy or energy levels, expectations, experiences, and technological advancements among other aspects. The group differences b ring about diverse aspects, thus placing very high expectations and challenges to a leadership style. Arguably, the leadership style has a reciprocating nature; whereby the leader has needs, and the followers have their own different requirements with the expectation that each party meets the other’s needs. In most instances, the leadership style fails because these needs lack measurable elements or factors to meet expectations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Overview of charismatic Leadership According to Northhouse (2009), a charismatic leader has a strong commitment to an exceptional style of leaving such as enhancing sacredness. This person is a hero because of the excellent and recommendable character that she/he portrays. The leader has a personal characteristic or leadership qualities of ‘charisma,’ that easily differentiates her/him fro m others. This persona trait bequeaths the leader some unique treatment or perception comparable to the treatment accorded to the superhuman or supernatural beings. The leader gives an impression of existence of some exceptional qualities or powers that are inaccessible by the ordinary human beings (Clark, 2008). The individual therefore enjoys a treatment of a heroic status as a leader because of the exemplary regards due to the special qualities. Ultimate judgment over the existence of these charismatic qualities in a person lacks proverbial proof from an ethical or aesthetic point of view, and therefore is naturally indifferent. In relation to Clark (2008), logically, charismatic leadership entails ability to extract or break down complex ideas to smaller units that are easier for others to understand. This is a remarkable ability to illustrate complexity using symbols, images, stories, metaphors or analogies. The leadership style also entails the ability to appreciate existence of challenges and risks and therefore such a leader is always eager to engage some disputes. Optimism is equally a trait of a charismatic leader because she/he is constantly ready to combat conventions, because they always engage a distinctive idiosyncratic nature. Although without a guarantee for correctness or success, the charismatic leaders have unique guidance qualities to inspire people’s trust, believes and faith (Daft and Marcic, 2008). The leaders are the companies’ or organization’s heroines/heroes, because of the ability to coordinate change, engage new implementations, inspire renewals and gunner extraordinary performances from other organizational members. Various attributes link the charismatic leadership style to the transformational way of governance such as, sensitivity to the group members or the environment, ability to take risks and capability to perceive and articulate outcomes. Consistent with Heifetz’s writing (2004), the main diffe rence between the two types of leadership falls upon focus.Advertising We will write a custom essay sample on Charismatic Leadership specifically for you for only $16.05 $11/page Learn More The transformational leaders focus on changing the organizations or the leaders, while the charismatic leader has a focus on commitment and devotion both to the persona values as well as those of the group members without the need of changing anything. Charismatic leader’s goals depend on motivation and leader’s vision. They are concern of others but the main concern first falls on their needs. Their personal values are very significant and of good intentions, hence elevated to the entire company or organization later. Historical background of charismatic leadership Initially there were three types of leadership styles also accorded the term dominations, classes or authority due to the differences in social perceptions. First, the charismatic leadership sty le had a basis on the family or the religious setting. The feudal or the common traditional system of leadership entailed patriarchic nature while thirdly is the bureaucratic or legal type of leadership that mainly dealt with modernized law that supports democratic system of bureaucracy. Charismatic nature of governance comes out strongly because of the defined nature of dominance, strong desire to form influences, strong sense over the importance of moral values and self-confidence (Northhouse, 2009). The charismatic leadership also portrays some unique attributes that makes it different from other leadership styles such as the ability to articulate vision for a firm, being sensitive to the world’s nature especially the environment and people’s needs, ability to take risks and engagement of some activists related behaviours. Application of charismatic leadership According to (Yukl, 2006) today people have accorded the charismatic type of leadership a characteristic of exaggeration because of the impression the management process enacts on performance expectations. Arguably, Adolf Hitler as well as Mahatma Gandhi could reasonably qualify as charismatic leaders, but today the administrative process considers a charismatic leader as one who fills the environment with energy and positive reinforcements without the need to learn the transaction behind such performances. The inspiration to others therefore disqualifies the negative corroborations by some leaders (Yukl, 2006). The leader inspires others positively by encouraging them to follow the footsteps, while others work in the aim of inspiring the charismatic leader. There is inspiration to work smarter in the aim of acquiring success.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Management is one of the most important applications of charismatic leadership especially during the difficult circumstances, when the firm or organization is in need of major changes. The charismatic leaders develop excellent solutions during the crisis management situations (Yukl, 2006). Representation for charismatic leadership The leader ought to have an engagement to continual assessment procedure in the line of duty and have mechanisms to assist in formulation of visions. Secondly is the ability to communicate the formulated visions or organization’s goals. This requires the leaders to have motivational and good persuasive arguments. Thirdly is the need for an ability to build subordinate trust through enhanced commitment. The staff must have the desire to support the goals set out by the leader. There is call for more than just compulsive administration, thus the leader has to enhance transparency and show the viability of the goals through taking risks and enhanced se lf-sacrifice without conservative expertise. Lastly, the leader has to focus on achievement of the set objectives or vision by ensuring perceptible aspects of good role models, empowerment and expertise tactics among the subordinates (Yukl, 2006). Strengths of the charismatic leadership style The results of the endeavours are relatively strong with unchallenged intensity over subordinate obedience to their leader. During the difficult times and experiences, the style is more useful because of the ability to provide ample turnaround point. It is possible to consider the system as extremely effective due to the possibility of a right vision of the leader or other rhetorical capabilities. The system that engages the charismatic leadership style brings in an energetic nature, clear vision and commendable perspective. Benefits of charismatic leadership The charismatic leadership style is more useful during the short-term projects because they are worth the risk of involving a leader. Suc h projects probably requires strong energy and talented leaders thus the need for a charismatic leader. In line with (Yukl, 2006), the charismatic traits are special but a leader can acquire most of the traits such as self-confidence or communication skills that involves effective vocabulary. Confidence is transferable from the leader to the subordinate. Limitations of charismatic leadership When the system is made of very strong levels of administrations lacking proper delegation, there is a tendency of gathering a workgroup made of weak people. Secondly, it is very rare to find leaders who have these charismatic skills and attributes. The rare situation of existence of the special cases may be the root cause of narcissism aspects such as insensitivity to others and lack of reality on the undertakings. When a leader lacks some conflicting point of views within the group setting, they lack accountability. The charisma value enables them to develop good intentions on others in the ai m of achieving transformation in the company; bad intentions can however deceive others. The unpredictability of the leaders makes the charismatic system of leadership potentially precarious. Group members under the charismatic leadership style, view success in a close relation to the leader thus end up depending fully on the leader. Lastly, the leader is the main catalyst on the development of the group thus a sudden step down is likely to bring down the group or cause loss of enthusiasm. Conclusion Charismatic leadership involves grace and appeals in the aim of bring together followers. Leaders need self believe others to admire their personality. The style of charismatic leadership involves attraction of the subordinate support through impression of personality and charm as opposed to power and external influences. There trait to improve the feeling of appreciation among the group members becomes one of the main aim of a charismatic leader because they pay attention to the enviro nment, in the aim of picking up the moods and individual’s concerns within a large audience. Management of the image is of grate concern to these leaders. Self sacrifice and risking enhances trust and development of personal skills. Persuasion and use of body as well as verbal language such as use of symbolism and metaphors is equally important to enhance the desired effect. Today the political, religious and cult leaders mimic the charismatic styles of governance in the aim of gathering large number of followers. This is an indicative that one is able to increase charismatic skills through acquisition and practice. Formation of a very distinct and clear group among others enables charismatic leaders to enhance their image. References Clark, D. R. (2008, August 21). Leadership style. [online] Journal of Social Psychology, pp. 221-228. Available at http://nwlink.com/~Donclark/leader/leadstl.html Daft, R.L. and Marcic, D. (2008) Understanding Management. Cengage Learning, Harg reaves, A. (2003). Teaching in the Knowledge Society. New York, NY: Teachers’ College Publishes. Print Heifetz R A. (2004). Leadership without Easy Answers. London, UK: Harvard University Press. Print Northhouse, P. G. (2009). Leadership: Theory and Practice. London, UK: SAGE Publication press. Print Yukl, G. (2006). Leadership in Organizations. New York, NY: Prentice Hall Publishers. Print

Green Washing Labels in Hotels Research Paper Example | Topics and Well Written Essays - 2250 words

Green Washing Labels in Hotels - Research Paper Example With the disguise behind greenwashing on the rise, it remains difficult to tell which hotels are sincerely green. This is why governments have established bodies to play the role of designing certification programs to determine the green-worthiness of companies. Therefore, potential clients should not give in to empty green jargons but seek to see the accreditation offered to the hotel or company concerned. Beyond accreditation, knowledgeable customers can still reach judgments by making personal observations on the general operations of a hotel. Despite the greedy benefits achieved off greenwashing, a few hotels have been exemplary in their commitment to eco-friendliness. Behind it all, such eco-committed hotels are the ones that hold the upper hand in earning customer loyalty. Green Washing or green sheen is a green marketing or green PR strategy used deceptively to promote products, policies, or aims of the organization as environmentally-friendly (Pierre, 2012). Proofs of greenwashing in an organization or a company are in spending. Organizations and companies that use greenwashing use more time and money advertising their concern for the environment than time spent on environmentally sound practices (Tresidder & Hirst, 2012). There are different efforts aimed at greenwashing. A company or an organization can change the label; a name of a product to suggest natural environment on a product that is environmentally harmful (Middleton & Clarke, 2001). A product may have toxic chemical but as a company or an organization use multimillion-dollar advertising to give it an environmentally-friendly image (Mulvaney, 2011). This paper tries to argue that greenwashing is a tool used by hotels to attract more customers. It discusses the history of the green washing concept and gives the origin of the term greenwashing.  Ã‚  

Smart working. The impact of work organisation and job design Essay

Smart working. The impact of work organisation and job design - Essay Example It is claimed that the most significant resource of any business is the people it employs, its manpower or workforce. As the world adopts technology at a faster rate with more sophisticated applications and as products tend towards greater similarity there is a growing awareness that a business may differentiate itself by creating a quality, focused and well-motivated workforce. In addition, the world labor market is become more flexible with greater mobility for well-qualified staff to move between major business centers. It is therefore of greater significance than ever before to keep good staff and to continue to attract the best recruits possible. Due to the importance of the people of the company it is equally important and difficult for the managers to manage these people. With the passage of time, the world of work and the workers in it are becoming more and more competitive and aggressive about their success at work. The advent of globalization has demolished the economic barriers that once existed and has opened doors to markets that were once thought to be too out of reach to cater. The change in the attitude towards workforce management has been great and fundamental since the early years of the twentieth century and the introduction of mass production. There are still firms and factories that 'hire and fire' workers on an almost daily basis and offer no training and staff development at all. However, these are now the exception rather than the rule. Modern Human Resource Management has been developed not just in response to the legal constraints on how workers are treated but also as a recognition that a truly successful and competitive business depends on the support and co-ordination of a well trained and suitably motivated team of staff.

Accreditation of City College of San Francisco Research Paper - 1

Accreditation of City College of San Francisco - Research Paper Example Besides that I have incorporated pathos since there is an element of persuasion in argumentation and what better way to persuade than to appeal through the emotions of your opposition. The use of pathos has been juxtaposed with the use of logos since the opposition is one of the high intellects. Juxtaposition, therefore, is my second rhetorical device. The largest community college in California seems to have landed itself in big trouble. It faces the daunting prospect of losing its accreditation, a decision that would mean no more financial aid for its students and possibly the closure of the institution itself. The reasons for these are mainly fiscal trouble and mismanagement. Evaluators are not happy with the way City College allocates its budget, nor with the fact that it has a very few administrative staff, most of which, is untrained. According to Roberts, 92% of City College’s budget is spent on salaries and benefits with retirement benefits spiraling out of control, much of its one-time working capital is used to fund operational expenses and has a small number of administrators who are too inexperienced to run a big institution such as City College (Roberts). The Accrediting Commission for Community and Junior Colleges has given its verdict based on these reasons, the President of the Commission, Barbara Beno said, â€Å"Only accredited colleges can receive public funding under state law. However, City Colleges failure to fix serious, long-standing problems of leadership and fiscal planning means that the accrediting commission could vote as early as next June to yank the schools all-important certification† (Asimov). Losing accreditation would therefore mean no more public funding for one of the largest institutions in California, no chance of financial aid for its 90000 students and the dire prospect of closure. In fact, City College will also not be able to transfer credits,

Your pick of this week's news week 11 (responses) Assignment

Your pick of this week's news week 11 (responses) - Assignment Example China, according to US intelligence, appears ready to launch a ‘short, sharp’ war with Japan,an allegation the Chinese vehemently deny. The US on its part vows to honor the defense treaties it has with Japan. While on the surface and in public the two nations appear to have a friendly relationship, what lies below all that seems more grotesque, and the two nations seem to be edging ever closer to a full scale conflict. The writer has also done a good job in showing the prelude to this conflict,which is one of mistrust between two of today’s superpower nations. She has written about the events leading to this conflict. She has also, without bias, presented the cases that the two nations have in laying claim to the islands in question. In my opinion this is a top class news article, and the writer deserves a pat on the back. The article is titled "Rhode Island Settles Case on Jobs for the Disabled." It was written by Dan Barry and was published on April 8,2014 in The New York Time newspaper. The story looks at a landmark announcement by the department of Justice regarding employment for 3000-odd disabled people in Rhode Island. Prior to this agreement, it is estimated that â€Å"450,000 people with intellectual and developmental disabilities while away their days in essentially cloistered environments† across the entire country. One of the disabled people interviewed expressed his discontentment with his job saying he â€Å"did not like( the job) very much†. The new agreement has lead to praise for Rhode Island for â€Å"embracing the need for change†. Under the new agreement, people with disabilities are allowed to â€Å"obtain typical jobs within the community that pay at least the minimum wage†. In my opinion the article is true because one cannot doctor information about changes in the law. The writer also deserves commendation for highlighting such an important piece of legislation

Hume's analysis of the process by which we make causal judgments Essay - 1

Hume's analysis of the process by which we make causal judgments - Essay Example This paper is going to discuss Hume’s analysis of the process by which we make causal judgments. Causality can be defined as the relationship between an object and a fact; it is among the most recognized ideas that we have. Causality is involved in almost all undertakings or human way of thinking; it is assumed in every argument and sensible actions. It is considered a beneficial idea in all areas of philosophy including philosophy science from the time of ancient Greeks to present. Hume as a philosopher, he defines causality as something that clinches things together. Knowing what causes are assists us to know how minds might or might not relate to bodies, how bodies might approach to create changes in other bodies, how thoughts might or might not influence deeds and how free they might or might not work. Therefore, all human beings are naturally attributed to certain occurrences of causal actions upon others. This means that whenever there is change in something, there is a quality that disappears, and another one appears, and the source of these changes is cause. In other wo rds, for every quality produced as a result of change, there is a cause for that. Many changes occur due to the relation between change and cause. Hence, this natural acknowledgement of the association between cause and effect to occurrences is at the forefront of all the philosophical declaration and analysis. There are characteristics that help to differentiate the causal relations in the universe, which include non- anthropomorphic, uniformity and determinism. Non – anthropomorphic, causal relation means a name given to change, and that in causal correlation wishes, purpose and desires are never mentioned. Uniformity describes causal relations as unchanging habits between facts, on the other hand, determinism characteristics emphasize that there is a connection between a cause and an effect. Meaning causality is prejudiced by the presence of other

Your pick of this week's news week 11 (responses) Assignment

Your pick of this week's news week 11 (responses) - Assignment Example China, according to US intelligence, appears ready to launch a ‘short, sharp’ war with Japan,an allegation the Chinese vehemently deny. The US on its part vows to honor the defense treaties it has with Japan. While on the surface and in public the two nations appear to have a friendly relationship, what lies below all that seems more grotesque, and the two nations seem to be edging ever closer to a full scale conflict. The writer has also done a good job in showing the prelude to this conflict,which is one of mistrust between two of today’s superpower nations. She has written about the events leading to this conflict. She has also, without bias, presented the cases that the two nations have in laying claim to the islands in question. In my opinion this is a top class news article, and the writer deserves a pat on the back. The article is titled "Rhode Island Settles Case on Jobs for the Disabled." It was written by Dan Barry and was published on April 8,2014 in The New York Time newspaper. The story looks at a landmark announcement by the department of Justice regarding employment for 3000-odd disabled people in Rhode Island. Prior to this agreement, it is estimated that â€Å"450,000 people with intellectual and developmental disabilities while away their days in essentially cloistered environments† across the entire country. One of the disabled people interviewed expressed his discontentment with his job saying he â€Å"did not like( the job) very much†. The new agreement has lead to praise for Rhode Island for â€Å"embracing the need for change†. Under the new agreement, people with disabilities are allowed to â€Å"obtain typical jobs within the community that pay at least the minimum wage†. In my opinion the article is true because one cannot doctor information about changes in the law. The writer also deserves commendation for highlighting such an important piece of legislation

Lone Worker Essay Example | Topics and Well Written Essays - 2000 words

Lone Worker - Essay Example From time immemorial there prevails a perennial question: 'why do people work' answer to this question is still not arrived at with a stern mark that this is the correct answer. This is because every individual has his/her own idea of the work that reflects in the answers given. However, most of the people universally contend that people work for meeting a primary need of remuneration and satisfying the selves with secondary needs by means of satiated primary needs. Keeping apart the issue of people who meet their ends without working, a sense of mutual interaction, enriched with the satisfaction of the soul, is found underlying in the concept of work. (David A. Tansik, et al, 1980). Concrete needs such as, high income, prestige good chance for promotion and security underlie the universal concept of 'work'. (Rothman Robert A. 1987) Lone worker is one works in solitude. Employees who work away from their business base are also come under this lone worker category. Mobile workers like sales people too work alone. And people who work from their home and selected group of self-employed persons are in the same band of lone worker group. In any work place, the freedom of work is the most wanted ... Mobile workers like sales people too work alone. And people who work from their home and selected group of self-employed persons are in the same band of lone worker group. In any work place, the freedom of work is the most wanted need of any worker apart from the payment of salary. People want to work at their own pace, to break at their wish, do some demy official-cum-personal bits of works such as making data entries intermittently sandwiched between cups of tea. Job satisfaction is conceived in the light of above said freedom only. (Robert Schrank, 1978). Job satisfaction is a positive emotional state reflecting an affective response to the job situation. (Edwin and Locke, 1976). Perhaps during the initial/entry stage of a job, the satisfaction over the job might creep on the individual worker in relation to the quality and productivity.. But the job satisfaction is not so strongly related to the productivity. (Grey Jerry et al,1984). Thus the job satisfaction begins to dissipate, when productivity linked perception on extrinsic rewards take a form. The urge to quit the job usually is budding at this stage. A relatively strong negative relationship exists between the intent to stay and voluntary turnover. (Steele and Ovalle et al, 1984) Self-employed persons are usually enjoying the freedom of their work. Many factory workers, office staff and even executives feel boredom in their job due to psychogenic illness and come out of the realm of the monotony to switch over to self-employment. The psychogenic illness does not spare even lone workers who are virtually alienated from their co-workers. Feeble interpersonal relations tend to create boredom and subsequently to psychogenic illness. (Michel J. Colligan, 1978). Disparity over sex and race, which were

International Business Essay Example for Free

International Business Essay What is e-Bay’s core competency? How does it relate to its chosen strategy? e-Bay’s competencies lie in its software, which allows people to trade with little supervision. It also has competencies in dispute resolution, an automated item listing service, an online financial service and a communications platform. The integration of these allow e-Bay to have a more efficient and effective trading tool used and policed by the buyers and sellers in the site. What are the implications to the challenges identified in the case regarding e-Bay’s strategy today and the future? The challenge on translation software has the least amount of impact considering that even the users of the site are content with â€Å"pretty good. † An improvement in this area though, would make the service more reliable. Government regulation challenges are perhaps one of the most difficult. With new laws constantly passed in countries, some laws that touch on trade could prove a hindrance to e-Bay’s expansion and could restrict their operations. Unless the world becomes more open to the flow of goods, then e-Bay would constantly face problems. The digital divide is a less serious problem. With technology catching up to many countries and becoming more available and cheaper, it is only a matter of time before the internet becomes available to poor communities. Cultural attributes is one of the most problematic. Since beliefs take so much time to shape and that reactions are unpredictable, it is important for e-Bay to be able to make their strategies localized and adapt it to the current system. Finally, international expansion is an unpredictable challenge, but could prove successful if their users continue to support and trust the company for their trading needs. Which candidate should the committee nominate for the assignment? Why? The first choice would be Brett Harrison because of his experience in running line activities and supervisory staff and being rated as an excellent worker. More importantly, he has knowledge about the country which is one of the most important things in running the operations of the company there. If he doesn’t agree because of familial considerations, then, Ravi Desai should take his place, not only because of his knowledge of the country but also because he has experience in handling large operations. Should all the candidates receive the same compensation package? If not, which factors influence each package? The candidates should all receive the same principle in their compensation package: a common basic salary and a bonus dependent on their performance and contributions to the company.

Genetic Engineering: Ethics Essay

Genetic Engineering: Ethics Essay Genetic Engineering is all about genes, which are made of DNA; the chemical inside the nucleus of a cell that carries the genetic instructions for making living organisms. It is a very broad term that covers a range of techniques that allow for the artificial addition, deletion or rearrangement of sequences of bases in DNA in order to alter the observable form and function of an organism. (Science Group, 2014). Genetic Engineering was first discovered in the 1970s when scientist discovered how to move pieces of genetic material from one species to another. It has since had questions raised regarding its continuous scientific advancements; showing uncertainty in how this kind of biotechnology will affect human, animal and plant life in the future. While the continuous advancements within the field of genetic engineering are celebrated by some, there are others who are undecided and even strongly against it; deeming such practices as therapeutic uses of embryonic stem cells and the gen etic modification of animals to be wholly unethical. The way in which society deems something to right or wrong, or good or bad is through a system of moral principles known as ethics. Ethics are defined as moral principles that govern a person’s behaviour or the conducting of an activity and are a system of moral principles which affects how people make decisions and lead their lives. This branch of philosophy defines what is good for individuals and society. (BBC, 2014). For centuries, philosophers have come up with guidelines about how humans should live, act and know between what is right and what is wrong. These are usually in the form of ethical theories. (Panza and Potthast, 2014). Ethics have been implemented as a moral compass for humanity and applied to various situations as a way of informing the way humans think to support the more difficult decisions that are made in life. On such ethical theory, known as Utilitarianism, an ethical theory that was founded by the 18th century philosopher and social reformer Jeremy Bentham who is currently known as the father of modern Utilitarianism. This theory is best understood as a risk-benefit analysis in which the good brought about by a certain action is weighed against the harm caused by that action. It was Bentham (1789) who quoted that Utilitarianism is about â€Å"the greatest good for the greatest number† and should be the measure of what is right and wrong. Another ethical theory that ca n be applied to ‘Saviour Siblings’ is Kantian Ethics. Kantian Ethics refers to a deontological ethical theory founded by scientist and philosopher Immanuel Kant. His theory differs from the utilitarian theory that it focuses more on the actual action and the morality of the action as opposed to its consequences. One such medical practice that has proved to be controversial is ‘Saviour Siblings’. The term Saviour Sibling refers to a child that is conceived though In vitro fertilization (IVF) so that, when born, stem cells could be provided from the umbilical cord – as well as tissue or bone marrow – and then donated to be used to help treat an older sibling with a serious medical condition. (Embryo Ethics, 2014). This has raised a lot of debate as to whether such a process is ethical. The ethical theory Utilitarianism can be applied to this type of genetic engineering as it is the basis on which the decision is made by the parents; that creating a saviour sibling is, as Bentham (1789) says, â€Å"the greatest good for the greatest number of people†, in that they are bringing a new life into the world, that they can love for doing something for their sibling that no one else can. There are many who are against this, however. It is argued that there are concern s for the child psychological wellbeing later in life, upon discovering that the reason for their being brought into the world was for the sole purpose of saving someone else and not necessarily because they were wanted for him/herself. (Sheldon and Wilkinson, 2004). In terms of Kantian Ethics, there are two similar cases of ‘Saviour Siblings’ in the UK to which this theory can be applied. The cases are those of the Hashmi family and Whitaker family. (BBC 2004). Both families had children had genetic disorders and wanted to produce a sibling who’s blood could be taken from the umbilical cord to help cure their elder sibling. The Hashmis were granted permission to do this, however, the Whitakers were not. The reason being is that the Hashmis carried an inherited disorder that could be passed on to their child, so screening would prevent a new child with a genetic defect being born. Whereas, the Whitakers genetic disorder was not inherited, thus the production of a new child would not be beneficial and would even carry some risk. Kantian theory would disagree with this decision as it could be argued that the potential embryo was not yet human and therefore had no human rights. In addition, others could be against the Hashmis as they could have been seen as using their new child as a means to an end. When it comes to Saviour Siblings, it is the responsibility of the Human Fertilisation and Embryology Authority (HFEA) – a public body of the Department of Health – to regulate and decide whether the deliberate creation of a saviour sibling is the right thing in each individual case. There is always an ethical dilemma in terms of the child’s rights and autonomy, i.e. when does the child gain rights over their own body? And will they ever have the right to refuse donations; going against the very reason they were brought into the world? There may come a time when the elder sibling may relapse and need further an organ donation from the younger sibling. The Human Fertilisation and Embryology Act (2008) states that cells from the umbilical cord may be used, and bone marrow to be donated, however, it outlaws tissue matching for whole organ donations. Therefore, once the child has reached the age of 18, they are legally responsible for themselves and can refuse furthe r donations. Another medical practice that has raised serious debate is the Xenotransplantation of genetic engineered animals. Xenotransplantation is the transplantation of cells, tissue or organs from one species to another. â€Å"Xeno-† derives from the Greek word ‘xenos’, meaning ‘foreign’. (Martin, 2008). Xenotransplantation offers the potential of transplanting an animal organ, such as a pig’s heart genetically altered with human genes, into a human’s body. The ethical theory Utilitarianism can also be applied in this instance as it is believed that xenotransplantation has the potential to one day not only solve the present organ donor shortage, but also to help address many devastating illnesses such as Parkinson’s disease, childhood diabetes and Huntington’s disease. (Olakanmi, 2006). This conforms with the utilitarian theory that happiness can be maximised to a greater number of people. However, ethical arguments against this su ggest that there is considerable risk for infection and for patients to later reject the transplant due to genetic differences, thus potentially causing more harm than good. In contrast, Kantian Ethics can be applied by using Kant’s notion that humans should do what is intrinsically right and not make decisions based on emotions and feelings. In terms of xenotransplantation, it is deemed morally right to use animals this way as animals are not self-conscious or rational so, therefore, they have no moral standing and exist only as a means to an end. However, it is believed that because our behaviour towards animals is similar to that of humans, animals must be treated with respect. Thus, the killing of animals for medical experimentation is permitted, providing animals don’t suffer unnecessarily. Such theories raise the issue of animal rights by modern day advocates such as People for the Ethical Treatment of Animals (PETA) who deem the act of using animals for the benefit of human beings as unethical. When talking about animal rights, Jeremy Bentham (1789) says; â€Å"The question is not, Can they reason? nor, Can they talk? But, can they suffer?† However, he goes on to say that he has no objection to putting animals in pain for the purpose of medical experiments, providing that experiment is beneficial to mankind. In conclusion, Genetic Engineering is something that is continuously advancing and could potentially save thousands of lives. It is part of the evolution of mankind to want to develop, be smarter, and be stronger and healthier. There will also be those who feel it is best to leave some things untouched. Despite all the advancements and improvements, there will always be controversy surrounding genetic engineering and there will always be people for and against it. However, ethical theories will always be the moral compass that guides humanity into doing what is right and preventing what is wrong. Kantian ethics and Utilitarian ethics are examples of ethical theories that give different answers to which different procedures are ethically justifiable. Utilitarianism looks at the consequences of an action, whilst Kantian ethics looks at the act itself.

Hidden Exposure - Working Diary :: Drama

Hidden Exposure - Working Diary =============================== This is a written analysis and evaluation of the creative process leading up to, and applied during, the dance performance of 'Hidden Exposure', based on Obsessive Compulsive Disorder and Dreams. The piece, was choreographed by 'Dance Performance Experience' year 2, and performed on January 13, 1998. The aims of this 'Dance Performance' module were to apply newly learnt techniques, movement skills, and the research of existing practitioners, combine them with existing dance skills and knowledge to create an original innovative dance performance. Members of the class will choreograph sections, with the common theme, in pairs or individually that will be put together to create a collage style dance. Each individually choreographed section should make use of some recurring motifs and demonstrate contact improvisation where possible. Before we started any of our own choreography we had to decide on a stimuli. This is very important, as it will be the idea that all movements are representing. This is called Ideational Stimuli and is when "the movement is stimulated and formed with the intention to convey an idea or tell a story."[1], as opposed to us taking a piece of music and dancing to it. As a group we had many ideas to choose from but after weighing out the options we opted for OCD, Obsessive Compulsive Disorder. The idea of counting within the disorder gives us a good basis for a dance, because we perform to a beat, or a count, usually of eight. It is an interesting subject with much scope for contact improvisation, or non-contact, as the sufferers would prefer. The stimulus for the dance, Obsessive Compulsive Disorder, is a condition that affects approximately 2.5% of the UK population. More common in females than males, the sufferer has an irresistible impulse to perform relatively meaningless acts repeatedly and in a specific manner. Compulsive persons do not enjoy their ritualistic behaviour and view the activity as foreign to their personality. They are unaware of the absurdity of their behaviour and yet are unable to stop it. Compulsive hand washers may wash their hands several times in an hour. In addition to being time consuming, compulsions can be costly to a person's well being. Other common compulsions are counting things to make sure that they are all there, checking the placements of objects, checking appliances are switched off, Exercising, cleaning, and feeling suffocated. (See appendix 1) A dance session should always start with a warm up; this comprises of warming up the different body parts in a range of exercises. Start, standing in parallel, beginning with the head and neck, we gently roll the head slowly to the left and then to the right repeating this

GRENDEL & FRANKENSTEIN Essay -- essays research papers

GRENDEL & FRANKENSTEIN AN ANALYSIS OF THE TWO "MONSTERS" AND THEIR SUPERIORITY TO MANKIND GRENDEL & FRANKENSTEIN AN ANALYSIS OF THE TWO "MONSTERS" AND THEIR SUPERIORITY TO MANKIND In the desert I saw a creature, naked, bestial, Who, squatting upon the ground, Held his heart in his hands, And ate of it. I said, "Is it good friend?" "It is bitter-bitter," he answered; "But I like it Because it is bitter And because it is my heart." -Stephen Crane This reflects how both Grendel and Frankenstein must have felt during their lonely lives. "Seeking friends, the fiends found enemies; seeking hope, they found hate"(Neilson back page). The monsters simply want to live as the rest of us live. But, in our prejudice of their kind, we banish them from our elite society. Who gave society the right to judge who is acceptable and who is not? A better question might be, who is going to stop them? The answer, no one. Therefore, society continues to alienate the undesirables of our community. Some of the greatest minds of all time have been socially unacceptable. Albert Einstein lived alone and rarely wore the same color socks. Van Gogh found comfort only in his art, and the woman who consistently denied his passion. Edgar Allen Poe was "different" to say the least. Just like these great men, Grendel and Frankenstein do not conform to the societal model. Also like these men, Grendel and Frankenstein are uniquely superior to the rest of mankind. Their superiority is seen through their guile to live in a society that ostracizes their kind, their true heroism in place of society's romantic view, and the ignorance on which society's opinion of them is formed. Grendel, though he needs to kill to do so, functions very well in his own sphere. Grendel survives in a hostile climate where he is hated and feared by all. He lives in a cave protected by firesnakes so as to physically, as well as spiritually, separate himself from the society that detests, yet admires, him. Grendel is "the brute existent by which [humankind] learns to define itself"(Gardner 73). Hrothgar's thanes continually try to extinguish Grendel's infernal rage, while he simply wishes to live in harmony with them. Like Grendel, Frankenstein also learns to live in a society that despises his kind. Frankenstein also must kill... ...evil, he was forced into his way of life by the society that rejected him. After this rejection, Frankenstein "like the arch-fiend, bore a hell within him"(Shelley 136). To each man his own god, and to each man his own devil as well. Frankenstein, "like Coleridge's wedding guest, leaves 'a sadder and wiser man'"(Scott 201). He now better understands his existence and how society wrongfully rejects it. Frankenstein simply wants society to have the "knowledge that might enable [him] to make them overlook the deformity of [his] figure"(Shelley 114). "Man†¦ how ignorant art thou in thy pride of wisdom!"(Shelley 201). Grendel's and Frankenstein's superiority to humankind is made obvious by their ability to live in a society that has ostracized them, the monsters' true heroism in place of humankind's romantic view, and the ignorance on which society's opinion of the monsters is based. "The monsters not only embody our fears of the way certain entities can artificially pervert nature in ourselves and our society, they also speak to us knowledgeably of nature and in a human voice, to tell us we need not be afraid [of them]"(Scott 201).

Distinguish between problem-focused coping and emotion-focused coping Essay

Problem-focused coping: Problem-focused coping is attempting to alleviate stress directly either by changing the stressor or the way we interact with that stressor, Problem-focused coping, targets the causes of stress in practical ways which tackles the problem or stressful situation that is causing stress, consequently directly reducing the stress. Problem focused coping aim to remove or reduce the cause of the stressor. (McLeod, Stress Management – Problem Focused Coping with Stress. , 2010) For example, the way classmates deal with stressors like exams , you can see a range of different coping responses. Some classmates will pace around or worry about it, others will revise, or pester their teachers for clues. Problem-focused strategies include: Taking Control – this response involves changing the relationship between yourself and the source of stress. Examples: escaping from the stress or removing the stress. : Information seeking is the most rational action. This involves the trying to understand the situation (e.g. using the internet) and putting into place cognitive strategies to avoid it in future. Information seeking is a cognitive response to stress. : Evaluating the pros and cons of different options for dealing with the stressor. In general problem-focused coping is best, as it removes the stressor, and so deals with the root cause of the problem, providing a long term solution. However, it is not always best, or possible to use problem-focused strategies. For example, when someone dies, problem-focused strategies may not be very helpful for the bereaved. Dealing with the feeling of loss requires emotion-focused coping. Problem focused approached will not work in any situation where it is beyond the individual’s control to remove the source of stress. They work best when the person can control the source of stress (e.g. exams, work based stressors etc.). It is not a productive method for all individuals. For example, not all people are able to take control of a situation. People with low self-esteem typically use emotion focused coping strategies. Emotion-focused coping. Emotion-focused coping Involves trying to reduce the negative emotional responses associated with stress such as embarrassment, fear, anxiety, depression, excitement and frustration. This may be the only realistic option when the source of stress is outside the person’s control. Drug therapy can be seen as emotion  focused coping as it focuses on the arousal caused by stress not the problem. Emotion-focused strategies include: Keeping yourself busy to take your mind off the issue : Letting off steam to other people : Praying for guidance and strength : Ignoring the problem in the hope that it will go away : Distracting yourself (e.g. TV, eating) : Building yourself up to expect the worse Emotion-focused strategies are often less effective than using problem-focused methods. For example, Epping-Jordan et al (Epping-Jordan, 1994) found that patients with cancer who used avoidance strategies, e.g. denying they were very ill, deteriorated more quickly then those who faced up to their problems. The same pattern exists in relation to dental health and financial problems. It does not provide a long term solution. However, they can be a good choice if the source of stress is outside the person’s control for example a terrorist attack. There are Gender differences: women tend to use more emotion-focused strategies then men (Billings, 1981) It also may have negative side effects as it delays the person dealing with the problem. (McLeod, Emotion Focused Coping., 2009) My basic outlook on life and how does it impacts on my ability to cope with stress According to the study by Meyer Friedman, Ray Rosenman, and their colleagues (friedman, 1984) I am a type B personality so less prone to heart problems, I have always been an easygoing person and an optimist. In my coping with stress I think I use the problem-focused coping most times, as I have always been a muscularly big person so with that confidence I was never afraid to grab the bull by the horns so to speak and directly try to work things out, also I have been into the healthy lifestyle and gyms since the age of fifteen. my social support is good and I do have a lot of close friends and keep in touch with them regularly, my family is with me most times (sons, daughter, sister and brother )so I think that my ability to cope with stress is excellent Some stress minimizing and management methods are exercise, relaxation, mediation, biofeedback and spirituality Exercise: exercise is your shortest route to a feeling of well-being and a physical glow. Everyone knows that exercise is good for you and that it is one of the best stress combatants available Not only does it keep the heart healthy and get oxygen  into the system, but it helps deplete stress hormones and releases mood-enhanc ing chemicals which help us cope with stress better. Relaxation: Relaxation is more than a state of mind; it physically changes the way your body functions. When your body is relaxed breathing slows, blood pressure and oxygen consumption decrease, and some people report an increased sense of well-being. This is called the â€Å"relaxation response.† Being able to produce the relaxation response using relaxation techniques may counteract the effects of long-term stress, which may contribute to or worsen a range of health problems including depression, digestive disorders, headaches, high blood pressure, and insomnia Mediation: Meditation can give you a sense of calm, peace and balance that benefits both your emotional well-being and your overall health. And these benefits don’t end when your meditation session ends. Meditation can help carry you more calmly through your day and can even improve certain medical conditions. The emotional benefits of meditation include: Gaining a new perspective on stressful situations, Building skills to manage your stress, Increasing self-awareness, Focusing on the present, Reducing negative emotions Spirituality: Research shows that people who are more religious or spiritual use their spirituality to cope with life,† In her new book, The SuperStress Solution, Dr. Roberta Lee devotes a section to the topic of spirituality and prayer. Notes ,Dr. Lee. â€Å"They’re better able to cope with stress, they heal faster from illness, and they experience increased benefits to their health and well-being. On an intellectual level, spirituality connects you to the world, which in turn enables you to stop trying to control things all by yourself. When you feel part of a greater whole, it’s easy to understand that you aren’t responsible for everything that happens in life. Among the research she cites is one study of approximately 126,000 people that found that the people who frequently attended services increased their odds of living by 29 percent. Another study conducted by the National Institute for Health Care Research (NIHR) illustrated that the Canadian college students who were connected to their campus ministries visited doctors less often and were less stressed during difficult times than the other students. The students who had strong religious correlations also had higher positive feelings, lower levels of depression, and were better equipped at handling stress. (a) I employ exercise and relaxation for stress relief,and I use the problem-focused  coping most times to directly address any stressful situation I encounter Bibliography Billings, A. G. (1981). The role of coping responses and social resources in attenuating the stress of life events. . Journal of Behavioral Medicine,, 13: 539-547. Epping-Jordan, J. A. (1994). Predictors of cancer progression in young adult men and women: Avoidance, intrusive thoughts, and psychological symptoms. Health Psychology. McLeod, S. A. (2009). Emotion Focused Coping. http://www.simplypsychology.org/emotion-focused-coping.html. McLeod, S. A. (2010). Stress Management – Problem Focused Coping with Stress. . http://www.simplypsychology.org/problem-focused-coping.html.

Racial bias in the criminal justice system Essay

Numerous study have found widespread racial bias in US criminal justice system. A new report issued by a coalition of civil rights organizations calls the â€Å"massively and pervasively biased† treatment on blacks and Hispanics by the US police and courts the major civil rights problem of the twenty-first century entitled â€Å"Justice on Trial : Racial Disparities in the American Criminal Justice System.† The study finds that minorities in the US face discriminatory treatment at every stage of the judicial process, from arrest to incarceration. The 95 page report was issued by the Leadership Conference on Civil Rights based in Washington DC. It’s findings show that blacks, Hispanics and other minorities face unfair targeting by police and other law enforcement officials, racially biased charging and plea bargaining decisions by prosecutors and discriminatory  sentencing by judges.In a report released from Washington DC- Amnesty International criticized Us Federal and state justice systems as riddled with racial discrimination. The report, Racism and the Administration of Justice, cites  as evidence the disproportionate rate of minorities incarcerated, sentenced to death, and executed in the US. In its report, Amnesty International cited cases of racial profiling, unlawful use of force, unlawful shootings, and  deaths in custody affecting minorities from at least 10 states in the US. African Americans and other minorities suffer disproportionate rates of incarceration, accounting for 60 percent of the 1.7 million people currently in jail or prison in the US. African American men are imprisoned at more than eight times the rate of white men, and one third of all young African American men are in jail or prison, on parole, or on probation. African American women are imprisoned at eight times, and Hispanic women at four times, the rate of white women.The overwhelming majority of victims of police brutality, unlawful shootings and deaths in custody are members of racial minorities. A study of 2,000 murder cases in Georgia found that the odds of a death sentence in cases in which blacks murdered whites were s much as 11 times higher than when whites murdered blacks. A study found that in Philadelphia a black defendant is four times more likely to receive a  death sentence than a white defendant. Racism that perverts the course of justice is a daily fact of life for many in the US, yet this plague of bias is over looked, ignored or openly tolerated by police chiefs , prison wardens, judges and our political leaders.Today a full two-thirds of America’s two million prisoners are people of color. One million are African American and 400,000 are Hispanic/  Latino. People of color represent one third of those arrested for drug crimes, but two-thirds of those sent to prison. Whites and racial minorities live in  completely different worlds when it comes to the American criminal justice system.. Since as far back as the 1920’s minorities have been ov er-represented in federal and state prisons. Minorities were then 25% of all prisoners while only about ten percent of the total population.The Kerner Commission warned in its report: â€Å"Our nation is moving towards two societies, one black, one white-separate and unequal.Coramae Richey Mann, Unequal Justice, suggests that white Americans view the classic rapist as a â€Å"black man,† the typical opium user as a â€Å"yellow man,† the archetypal knife wielder as a â€Å"brown man,† the â€Å"red man† as a drunken Indian, and each of these people of color as collectively constituting the â€Å"crime problem†. The race or ethnicity of the stereotyped perpetrator varies between African American, Hispanic, or Native American depending on the nature of the crime or the section of the country.These prejudicial images provide a social-psychological under girding upon which many of the discriminatory aspects of the criminal justice system are  constructed.Racial Discrimination is defined as including any distinction or impairing the exercise of a person’s human rights. The discriminatory treatment of people of color in the criminal justice system fits squarely under  this standard.

Accounting theory in Australia Essay Example | Topics and Well Written Essays - 1000 words

Accounting theory in Australia - Essay Example My reflection is based upon Watt and Zimmerman's contention that the managers of a firm will attempt to utilise methodologies to avoid taxes and dividendsIn this vein I waspreoccupied reflecting upon and reading on the Enron disaster and how numbers can not be seen as neutral and unbiasedTaking this course changed my perceptions about the very pith and substance of how I would ever perceive numbers.After taking this course I realised that numbers like words and conduct and can be just as easily manipulated by the human mind.Therefore they will be seldom neutral and unbiased.One of the most revealing moments were when I was able to see that even share valuation will be subject to novel accounting methodologies.For example I was able to see that in valuation of shares there would likely be an involvement of a lot of paper work in accounting terms in order to adjust the Capital Gains Tax valuations for rebasing and indexation purposes ,assess Inheritance Tax on shares and also assess th e situation now with employee share schemes.It was seen that there might be a biased view of accounting when the share valuation will have to account for It was seen many times that by choosing certain accounting techniques it would be possible to see a certain bias emerging.For example while using the Asset based approach it was seen to ignore factors like Industry prospects ,Management quality / stability ,Growth potential ,Competitive bidding and the alternative opportunities for the company being valued for tax purposed to avoid paying large amounts of tax money to the Inland Revenue .Infact it was possible to see a conflict of views here where as many times what seemed like creative accounting reminded me of biased accounting .It was learnt that the process of attempting to bias accounts is often referred to as 'creative accounting'. which often attacked for not being neutral and ethical as some techniques can cause bias: 1. Revenue may be recorded too early. In particular revenue from sales may be recorded in the accounts before the sale is agreed. 2. Bogus revenues may be recorded. For example refunds from suppliers might be recorded as revenues. 3. Profits from recurring business may be artificially boosted by the inclusion of one-off gains. Also losses from recurring business might be described as non-recurring. 4. Current expenses could be allocated to a later period. This could take the form of depreciating or amortizing too slowly. 5. Future expenses may be shifted to a current period. For example depreciation or amortization may be too rapid. 6. There may be a failure to record all liabilities. 7. Current income may be allocated to a later period. 8. Unrealistic valuations might be given to inventories. 9. Unrealistic bad debt provisions could be made. 10. Items may be held 'off-balance sheet'. Infact it is worth mentioning the hazards of careless accounting as learnt from the Enron Saga. For the purposes of accounting practices the most important thing to analyse is that who exactly in the accountancy/auditing profession should have taken responsibility for the shortcomings in the accounting records .These accountants were clearly abusing their authorities as watchdogs for shoddy practices and instead they perpetrated fraud on the investors.. The Statement of Accounting Standards 100 clearly allocates responsibility to auditors in the matter of financial statements 'the responsibility for the preparation of the financial statements is that of the directors of the entity'. In this vein I learnt that accounting is a profession requiring much responsibility.The should be able to scrutinise and guard any financial wrong doing on behalf of the directors with regard to Auditing and Accounting Standards. It is evident from the events leading up to Enron