El Lexico Y Los Limites de Tu Mundo

El mundo globalizado en el que vivimos actualmente es altamente competitivo y hace cada vez mas necesario y fundamental el conocimiento y uso de un lexico mas tecnico y preciso. ?Por que? En principio porque el uso de un lexico con dichas caracteristicas nos hace parecer mejor preparados al demostrar un dominio sobre el tema que tratamos. En general el lexico que utilizamos sirve como una especie de tarjeta de presentacion ante personas que no conocemos, ya que con tan solo escucharnos se forman una idea de nuestro nivel de escolaridad y cultural. El tener un lexico amplio nos ayuda a dar una mejor impresion a los demas y nos puede ayudar a abrir puertas a lo largo de nuestras vidas. Conforme avanzamos en nuestros estudios vamos anadiendo palabras a nuestro lexico, las cuales nos permiten expresarnos de manera mas especifica y clara. Independientemente del campo en el que nos especialicemos siempre nos veremos en la necesidad de utilizar tecnicismos para describir un proceso o fenomeno especifico de nuestra area. Si en un reporte o entrevista obviaramos su existencia y decidieramos expresarnos con palabras mas escuetas y/o simples, inmediatamente dariamos una mala impresion a nuestros superiores o entrevistadores. En cierta forma el uso de palabras tecnicas y una forma de expresion mas elocuente y elegante nos ayuda a dar una mejor impresion y a diferenciarnos de los demas. En la vida profesional esto es de gran ayuda ya que nos brinda un mayor poder de convencimiento y confianza. El tener un lexico amplio tambien nos ayuda a expresarnos de mejor manera. ?Como? Dada la gran riqueza del idioma espanol existen muchas formas de expresar una misma idea. Si necesitamos explicar un tema complicado a personas que no tienen un alto nivel de escolaridad, el tener un lexico amplio nos ayuda a rebajar el nivel de dificultad sin que se pierda la esencia del mensaje que queriamos dar. Este es uno de los tantos beneficios que nos brinda el tener un lexico amplio. â€Å"Los limites de mi lenguaje son los limites de mi mundo. -Ludwig Wittgenstein Extrapolando de lo que decia Ludwig Wittgenstein podriamos decir que al ampliar nuestro lexico ampliamos el limite de nuestro mundo y de nuestra vida. El tener un lexico amplio nos permite a la larga, entonces, no solo expresarnos mejor sino tambien el demostrar nuestro domino sobre algun tema en particular en el ambito profesional. Es por estas y muchas otras razones que es importante ampliar nuestro lexico en cada oportunidad que se nos presente ya que nunca sabemos cuando podemos necesitar expresar una misma idea de distintas maneras.

Heritage assessment Essay

Kizlik [2014] argues that the purpose of a learning objective is to communicate, and that a well-constructed behavioral learning objective should have little room for doubt about what is intended. Health professionals in designing educational programs to engage both patients as well as families, should be able to taper the task or objective to the specific patient and their family; for them to be able to explain what you taught them and for them to be able to demonstrate it. On the Euromed Info website, on Developing Learning Objectives. Retrieved from http://www.euromedinfo.eu/developing-learning-objectives.html/ [n.d.] state that â€Å"a simple and practical way of developing learning objectives is to start with the words, WHO, DOES WHAT, HOW and WHEN.† For the purpose of this exercise the learning objective will be for the patient and the family to be able to change an ostomy bag in a patient with a newly formed colostomy. It is important to find out from the patient and th e family which learning styles work for them, example whether reading of pamphlets, one on one teaching or visual aids. Also the condition or ability of the patient to perform the task, e.g. is the patient strong and well enough to perform the task or are they too weak from being ill. In using the learning objectives cited above, WHO- will be the patient and family DOES- list the components needed WHAT-changing a stoma bag HOW – by performing task or stating how to WHEN- by discharge The Joint Commission on Accreditation of Healthcare Organizations [JCAHO] as cited on the Euromed Info website on Family Structure and Style, retrieved from [http://www.euromedinfo.eu/family-structure-and-style.html/] defines the family as â€Å"the person or persons who play a significant role in the individual’s life including persons not legally related to the individual. â€Å"How a family functions influences the health of its members as well as how the individual reacts to illness† retrieved from http://www.euromedinfo.eu/family-structure-and-style.html . In the light of this , having the family understand the rationale behind the treatment and steps on how to help the patient change this stoma bag will assist the  patient to be more confident in changing their stoma bag and also in dealing and coping with this new health change. REFERENCES http://www.adprima.com/objectives.htm http://www.euromedinfo.eu/developing-learning-objectives.html/ http://www.euromedinfo.eu/family-structure-and-style.htm

Drama Exploration Essay

During this task, we got into groups of four or five. Each of the four groups was given an Act from the play to create a statue of Proctor at contrasting moments. Proctor’s emotions varied; each statue had a very different objective, e. g. to intimidate, to plead, etc. My group, looked for lines to base our statues on in Act One. Through my statue of Proctor- I had a straight back, my arms + hands were pointed forward and I had a frown, based on the line,† be you deaf†¦ â€Å", I discovered a few things about Proctor. Because the moment I chose was one that I preformed in an angry tone, I choose an angry line: â€Å"I’ll show you a great doin’ on you arse†¦ † This line is preformed in mockery and is almost playful but, stern. I realized that Proctor is the only character so far to whom we can relate. He has a sense of humor and seems like the only character that is not constantly serious. Proctor is calm and we can visualize his entrance and aura. The fact that he has a sense of humor makes us, as the audience, like him. Group Two looked at Act Two. There were many contrasting moments. The statues that I remember did not focus on the relationship between Elizabeth and Proctor, to the extent that I would have liked. The statue that did a small investigation on how Proctor is feeling was Justin’s: Sitting on a chair, hands interlocked with a soft face and an arched back as if talking softly to someone (Elizabeth). He said his line â€Å"I mean to please you† sincerely and softly. Because of Justin’s performance, I realized that Proctor and Elizabeth are still uneasy because of the affair. Furthermore, Elizabeth is being very difficult and Proctor is trying very hard to try and get the relationship back together. Another line which comes to mind is â€Å"an everlasting funeral marches around your heart. † This is when Proctor loses his temper; Proctor has tried really hard and is lashing out because of what Elizabeth said to him. The important thing that I realized: Proctor did commit adultery but, there is a substantial possibility that it was not entirely his fault. If Elizabeth is acting this way at this point â€Å"un-cooperative and stubborn† there is a substantial possibility that she had the qualities before the affair, refining my point. Group Three looked at Act Three. During this scene that is entirely located in the courthouse, various things happen. Proctor entered the courthouse very calm: Andres portrays Proctor holding himself very high, his head is thrown back and he has his chest out, revealing the new information to the court: â€Å"She never saw no sprits sir† The tone is almost pleading; Proctor is really respectful to the Judge and he understands that he needs to keep his temper cool. I believe that Group Three covered the main moments. They chose the line where Proctor looses his temper and finally cracks- Proctor calls Abigail a- â€Å"whore†- and reveals that he has had an affair. The important thing that I realized is: Proctor has admitted his sin to the Puritan society. Proctor knows by revealing the information about his affair with Abigail he has ruined his name in Salem. The reason why Proctor has revealed the information is important: he really loves his wife Elizabeth and he would sacrifice everything for her. Proctor’s plan backfires; Elizabeth tells a lie. Group Three choose that moment: â€Å"God is dead† I realized that it’s not because Proctor does not believe in God. I realized and was reminded that Proctor says that because he believes that the events would not happen if God were looking after them: young girls should not be able to manipulate a court of grown men. Group Four looked at Act 4. At this point Proctor is broken. Proctor is shown having his life taken away; he still has his dignity. Proctor is reduced to almost nothing: he is kneeling, Proctor wanted his life. Proctor chooses to reveal he was working with the devil, because he wants to live with Elizabeth. Because of what Danforth wants from him Proctor lost his temper- Proctor is asked to sign his name to his statements. When Danforth asks him for his signature, at this point, Proctor has had enough and decided to be hung. The image, when Proctor stood tall and opposes Danforth, helped me understand something very important: Proctor is the hero of the play. Proctor chooses to die then make his friends die pointlessly. Proctor’s sacrifice: condemning himself to death instead of letting his friends die in vain. It would be so easy for Proctor to give up and live his life quietly in the farm. However, because of his sacrifice he has shown ultimate courage and goodwill. Proctor is the hero who we admire. Miller wants us to like Proctor. Proctor is human; he had an affair; we all have flaws. Proctor contrast, with other charters. Tituba was in a similar position but she broke and told lies. Proctor stood up for what is right. Proctor goes against the court and it costs him his life. Miller is trying to tell us something: Miller wants us to realize that heroes don’t always win. A hero is someone who stands up against adversity and does what he thinks is right. We repeated the same procedure with Abigail. However, Abigail had no lines in Act 2 and 4 so those two groups were forced to create images for Abigail. I was part of Group One. The statue that was shown had a lot of contrast. Abigail was shown as a girl that had different emotions depending on who she was talking too. Our group choose the moment where Abigail was threatened the other girls â€Å"a pointy reckoning that will shudder you. † I was the statue for that line. I closed my fist, as if mimicking the knife, and said my line cruelly with nostrils flaring. The audience had contrast between my line and Nicole’s: â€Å"give me a word John†¦ † This shows that Abigail changes her personality refining my first point. Nicole said the line trying to seduce John, her head was tilted back and her face was soft, the audience has to realize that Abigail has not given up on John even though she had been sacked. Furthermore, Abigail changes her personality according to the people around her. Group Two focused on Act Two. Abigail had no lines in Act Two, so the group had to invent some. The statue that I think conveyed the importance of Act Two was Enrique’s. Enrique was sitting on a chair clutching his stomach: rolled on the floor and groaned and said, as held up his hand, â€Å"a needle†. The audience has to understand that Abigail really wants to kill Elizabeth ruining her name so. Because Abigail did this and said, we are told by Herrick, â€Å"Goody Proctor sent her sprit on me† Elizabeth is taken to prison. Furthermore, John got direct and aggressive and decided to go with Mary Warren to confront the court. Group Three focused on Act Three. This is the scene where Proctor confronts the court trying to prove Abigail as a liar. The most important statue that I remember: Abigail in fright and her line â€Å"Why do you come yellow bird? † This acting by Abigail is very smart- she diverts all the attention away from her. Abigail is kneeling looking up with her hand in her hair, this makes her look venerable and we pity her. Proctor challenges her in front of the court revealing the affair, although not proven, to bring the tension away from her she chooses to make a scene. Through this acting the accusation of her innocence is forgotten, the attention is drawn to Mary Warren- Abigail is a smart girl and everything is planned in her mind. Group Four focused on Act Three. Similarly to Act Two, Miller only references Abigail not giving her any lines. The statue that I felt was most important: Abigail sobbing. Abigail had her head in her hands and said â€Å"no! He is dead†. Abigail still loves Proctor. Abigail did not want Proctor dead, only Elizabeth. As a child, Abigail can not comprehend with Proctor’s mentality. Abigail does not understand that Proctor really loves his wife, the affair was a mistake. Abigail can’t accept that Proctor does not love her. The audience has to realize that Abigail did those things not to be popular or for fun. I feel that Abigail honestly wanted to hurt people. In act 2 and 4 Abigail has no lines but is mentioned and events- Elizabeth being taken to prison- a result of Abigail. This shows her importance and how events are carefully planned by her. She did exactly what she wanted to do. She is a leader and has a lot of power. Abigail, through the menacing lines warning and threatening her friends get what she wants.

Economic cost of illegal migration Essay Example | Topics and Well Written Essays - 1250 words

Economic cost of illegal migration - Essay Example This statistics clearly mentions the height of immigration and its effect on the Americans. Surely, Mexican's will be benefited, if the immigration is allowed into United States because another research states that after export and oil sales, money sent by legal and illegal immigrants working in US is one of the largest revenue streams ('Economic Costs of Legal and Illegal Immigration'). World economic welfare will be severely affected as the nation which donates good amount towards welfare will have to divert its fund towards those immigrants. Economic welfare in the context of immigrants is to provide economic stability and growth to all the legal and illegal immigrants. 2) Monetary Union is a union between countries that use the same currency which is managed by one common central bank (Grauve, 113). Following are the monetary unions which are currently functioning: b) Brunei - Singapore Monetary Union: The currency under operation is Singapore dollar which is utilized by Brunei and Malaysia. Under tripartite arrangement, the currency of one country was circulated in other country (Kee Jin, 2). c) South Asian Association for Regional Cooperation: The SAARC was established in 1985 integrating common currency of 'Rupee' among South Asian countries like Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. d) The United States: This monetary union was formed with the congregation of 13 original US colonies utilizing US dollar as the common currency. e) Central American Monetary Union Council - Established in 1964 by the central banks of Costa Rica, El Salvador, Guatemala, Honduras and Nicargua in order to promote the coordination of credit and exchange policies and the countries deal in dollar f) Eastern Caribbean Central Bank: The union was created in 1983 managing EC dollar for eight Caribbean countries. g) West African Economic and Monetary Union (WAEMU): WAEMU was formed in 1994 with the congregation of eight countries sharing CFA (Communaute Financiere Africaine) Franc as a common currency. h) Central African Economic and Monetary Community (CAEMC): Was formed with six countries sharing CFA (Cooperation Financiere en Afrique Centrale)Franc as common currency among them (Monetary Unions [Current and Future]). 3) Both, the products of Borden and General Foods are targeted younger generation. The Lady Borden ice cream and cheese has been created to provide them a glimpse of United States culture, their tastes and preference through the packing of cheese whereas the chewing gum ad campaign is made for French citizens which is visible in the ad campaign wherein most of the ads are shot at beach places. France has good number of beaches and the chewing gum spreads the message of refreshness through Hollywood chewing gum. 4) The services provided by IMF and World Bank are public goods as both the organizations deal in urban and rural development, financial assistance and other development programmes aimed at poverty alleviation. The services provi

Motivation Bhutanese Employees in the Hotel Industry Case Study

Motivation Bhutanese Employees in the Hotel Industry - Case Study Example To lose such an employee at any stage of the production process is suicidal for the organisation. Specific emphasis is therefore taken into account to make sure that such employees are kept for as long as they are required. The hotel industry is very challenging in nature. Research indicates that for employees in this sector to perform their best, they need to be highly motivated. (Armstrong, 2006) There are various factors that motivate Bhutanese employees to be productive in the hotel industry. They include financial rewards that are given to these employees who are in the hotel industry. This includes hospital insurance, annual leave etc. All these have played a great role in motivating the Bhutanese employees. Due to these factors, Bhutanese employees in the hotel industry have been greatly motivated. Workers need to be compensated for their performance in order to encourage them to keep up or improve on that performance. The moment the human resource establishes the performance of the worker, managers should reward to commensurate with the worker's achievement. These will ensure maximum production and effectiveness of the worker; current compensation programs that motivate Bhutanese employees in the hotel industry include mix of basic pay, equities and variable pay. (Beardwell, 1997) Among the factors that have motivated frontline Bhutanese employees to be productive in the hotel industry is good working environment. The employers in this industry have ensured that Bhutanese employees get good working environment. This is through ensuring that all the required facilities are available. The employers have ensured that the frontline Bhutanese employees have protective clothing when working. The employers have ensured that there is a good working environment for the frontline Bhutanese employees in hotel industry. (Cole, 1995) Human capital need to be motivated in order for the company to get the best out of them. An employee who is well motivated will easily stay in the organization and be more productive. For this to occur human resource have to attend to the financial and psychological needs of the workers by rewarding them well. Basic financial remunerations and working conditions are normally stated by the government or workers union. (Geen, 1995) There are various types of reward systems that are used in organizations. They may be as

A Successful Leader Essay Example | Topics and Well Written Essays - 2250 words

A Successful Leader - Essay Example Leadership is so important for the success of the organization because it also deals with the changes that an organization faces both with in the organization as well as in the external environment. In the present world of continuous change and constant innovation, the essence of proper leadership is felt like never before. The leader ideally, should not only plan and strategize to achieve the organizational objectives but also he should be the person, to whom his team would refer at any unforeseen happenings. The leader should be able to change the pre-determined path, if necessary, and still continue motivating his sub-ordinates and achieving the desired goal. As changes in the organizational environment as well as the external environment are taking place constantly, a leader should plan his strategies keeping the factor in to consideration. Defining leadership in the periphery of words has been a tough job even for the modern management thinkers as leadership is more about convincing others to do a certain thing in a certain way to achieve the desired output. Deborah Allen has defined leadership in the following words, â€Å"A leader is someone who can visualize a better world in the future and is able to convince others to join him/her on the journey† (Family and Community Medicine. n.d.) In the words of Majorie Bowman, â€Å"Leadership means making a difference, creating a positive change; providing the impetus that creates an atmosphere of change that improves the world, or at least the small part of the world around us and is characterized by sustained action over time.† From the definitions of the above it can be deciphered that leadership is all about motivating and convincing the group of subordinates (or followers, as the case may be) towards the achievement of the desired goals and objectives. It has been discussed earlier that

Team resource management in aviation industry Essay - 1

Team resource management in aviation industry - Essay Example nce, to combat that crucial situation, the industry has ventured into various concepts such as Cockpit Resource Management (CRM), Crew Resource Management (CRM) and now Team Resource Management (TRM) to enhance the safety of the aircraft and the passengers. Therefore, this project study, Team Resource Management in the Aviation Industry is proposed to identify challenges and constraints in TRM after analysing its various elements. In the aviation industry, teamwork is one of the vital factors in sustaining and enhancing the safety and effectiveness in Air travel. After the success of CRM in aviation over the past decades, TRM has emerged as an improved version for managing the available resources for the operating personnel including pilots, Air Traffic Controllers (ATCs) and crew members. The study analyses the elements of the TRM concepts in aviation management. The study will also look at TRM training and its most important factors. The significance of TRM in flight management as well as its effectiveness on the flight crew members to provide safety and be less error prone will be identified. Common problems in flight management will be unveiled in the study as well as solutions to identified problems. Various air accidents and incidents will be quoted and discussed to make the focus very candid. Since TRM is considered one of the best strategies, all available resources are utilised to the optimum level c arefully and properly to accomplish the safety of the aircraft and the passengers Team Resource Management (TRM) is a  set of training procedures and techniques for use in environments where human error can have devastating effects. Used primarily for improving air safety, TRM focuses on interpersonal communication, leadership and decision making in the cockpit, in addition to other elements of human factors (SkyBrary). According to the Irish Aviation Authority, TRM is a philosophy, which helps to realise that human beings are error prone.It not only helps

S.W.O.T. analysis on Costco Essay Example | Topics and Well Written Essays - 1750 words

S.W.O.T. analysis on Costco - Essay Example The companys first business opened in 1976 under the name Price Club on Morena Boulevard, San Diego (Costco Wholesale, 2013). The company originally served small businesses, but it discovered that it could achieve greater buying influence by also serving some audience of non-business members. In 1983, the company’s first warehouse was opened in Seattle. The company became the first to grow from 0 to $3 billion in terms of sales in less than six years. Costco merged with Price Club in 1993. The combined company operated under PriceCostco where it had 206 locations of operations generating annual sales of $16 billion. The headquarters of Costco Wholesale Corporation is found in Issaquah, Washington. The company is the globes biggest warehouse club chain based on sales. The company has employees of about 142,000 in number. This paper analyses Costco in terms of its strengths, weakness, opportunities and threats. The paper sets out a short history of the company and its market position. The paper looks at the revenue of the company, and the areas it can also engage into in order to increase its revenue. This paper sets out to explore if Costco has managed to hold its ground in its line of operation (Costco Wholesale, 2013). Costco boasts of very loyal customers. Customer loyalty is the strength of the link between an organizational relative attitude and continuous patronage with customers. The organization has effectively managed to attract and retain many customers over the years of its operation in operation (Costco Wholesale, 2014). Since Costco has a loyal customer base, it allows for the organization to have continued business from customers. It gives the organization credibility from customers who help it to grow. Customer loyalty has many benefits which include customers buying from an organization from time to time again, increase in how much

Financial Management Individual Work 1 Week 10 Essay

Financial Management Individual Work 1 Week 10 - Essay Example Multinational firms experience economies of scale as part of their financial strategies. This relates to the advantages that accrue to a firm as a result of large-scale production. The large volume of the units produced by the firms, result in a decrease in the cost of producing each individual product. Through the process of rationalization, multinational corporations are able to achieve the advantages of worldwide integration as they are able to manage their resources adequately. It further allows subsidiary firms to adapt to the specific product needs and financial requirements of the countries in which they operate such as taxation and other business regulations. The subsidiaries are encouraged to operate as national firms through compliance with the specific needs of the nations in which they are located but retaining some advantages such as sharing of financial risks with their affiliated firm. Another advantage of economies of scale is that it reduces the cost of raw materials as well as other overhead costs which lead to huge profits in the long-run (Ogilvie, 2006). World-wide integration strategy allows multinational firms to develop standardized products which bear global appeal thus are able to generate huge profits owing to the fact that they are generally accepted and preferred by many people. Multinational firms can be adversely affected by the regulations imposed by banking institutions operating globally. Such challenges may be due to liquidity problems and interest rates. As a result, financial managers of the multinational firms must consider the cost of accessing loans in their countries of operation as well as investment opportunities available in those countries. They prefer operating in countries in which the banking sector is subject to international policies which have been set up by the International Monetary Fund. The domestic firms are in direct

Decreasing Population of Bachelor of Secondary Education Essay Example for Free

Decreasing Population of Bachelor of Secondary Education Essay INTRODUCTION Anyone who chooses a teaching career in the Philippines must hold a degree in teacher education. Teachers in public and private elementary schools must have at least a bachelor’s degree in elementary education. High school teachers are expected to have a bachelor’s degree in secondary education with specialization (a major and a minor) in high school subjects. Both degrees are awarded upon successful completion of approved teacher education courses in recognized institutions. Teaching in colleges or professional degree programmes at the tertiary level requires at least a master’s degree in a particular area of specialization. But obviously, population of Bachelor of Secondary Education students were decreasing ultimately. Because of these, quality of education in the Philippines will likely face a crisis if the current trends in decreasing college enrolment and increasing dropouts especially Bachelor of Secondary Education and Bachelor of Elementary Education will continue. There are several factors to consider why the population of Education students diminished. Due to continuing tuition hikes, many college students decided to take vocational courses. Recently, the United Nations Educational, Scientific and Cultural Organization (UNESCO) National Commission of the Philippines reported that approximately 22 percent overall student survivals from first to fourth Year College. And undeniably, teacher is a very stressful profession. Teacher engaged in actual classroom teaching that render not more than eight hours of actual classroom teaching a day, preparation and correction of exercises and other work incidental to his/her normal teaching duties. Secondary teachers shall be assigned to no more than six daily forty-minute periods of instruction. For college, the normal teaching load of a full-time instructor shall be eighteen hours a week. The teaching load of part-time instructors who are full-time employees outside of teaching shall not exceed twelve hours per week. However, the average teachers’ salary at present is inadequate as source of livelihood. Teaching is a noble profession companied by the fact that they have a lot of pressure responsibilities to mould people in the society they belong. RELATED LITERATURE Teaching is a profession whose rewards have the potential to be great, yet its challenges have the potential to be frustrating at the same time. Teachers have the opportunity to positively impact their students lives. Helping young people reach their potential is extremely rewarding. However, some students are difficult to connect with, or have problems that interfere with their behavior and performance in the classroom. Aside from that, they also encounter difficulties in their work schedule, most teachers arrive at school early, stay late or bring work home. Planning, grading, meetings, conferences and professional development must be accomplished in addition to the daily teaching of lessons. They are also a typical 10-month employee and are off when school is closed for holidays and vacations. However, teachers may have to get summer jobs to supplement their salaries (Sally Miller, 2005). All higher education institutions in all countries have experienced tension between the demand to be specifically applicable to local needs and the desire to maintain ideas and values of universal reference (Hargreaves, 1973). Basically in Bachelor of Secondary Education or in any other teaching/education courses. The management structure of primary teaching education is inadequately organized to guide teacher education institute in accordance with the national development strategy. Rigidity and inefficiency in the schooling process result from the absence of effective, central and complete planning(Dunkley, 1981). Because of this, teacher’s wanna be decreasing extremely. According to Dr. Rupert Maclean(1988), there are some important implications for the development of the system of teacher education in the region such as: (1) need to recognize that the pursuit of learning is a lifelong process, (2)an examination of the extent to which educational institutions should be autonomous, and the consideration of the social and economic cost and benefits involved when greater autonomy occurs, (3)the reform and expansion of teacher education as a vital step towards the rejuvenation of public education. On the other hand, A Unesco Publication, The Changing Role of the Teacher, states â€Å"There was a time when the teacher’s roles was to pass down to the younger generation the knowledge, experiences and mythology of a slow evolving society The pace of change in contemporary society has made his role redundant. The role of teacher must be, among other things, a change agent. It does not matter whether one is addressing the situation in a developing country or an industrialized nation, the problem remains the same. What are the new dimensions of his/her role, and how is the teacher to be trained to fulfil that role. In examining the changing role of the teacher we need to see the changes as being a response to, and an attempt to confront the pressure of a society undergoing constant transition† (Goble and Porter, 1977). For this statement, we can say that teachers play an important role in changing the education in the society. For example, in Malaysia, education is envisioned to serve two important functions: (1)a means to achieve national unity and (2) a vehicle for national development. Since 1964, English was slowly replace by Bahasa Malaysia, the argument being that a nation system of education using a common medium of instruction, in addition to a common syllabus , will provide a strong base for promoting national unity. Unfortunately, the policy has created inter-ethnic tension, in view of the fact that in Malaysia about 53% are Chinese and about 11% are Indian origin(S. Husin Ali, Chang Yii Tan, Tan Boon Kean, 1987). Teacher is responsible in almost every job in the society especially when we are talking about the future of every student they handle in primary, secondary and tertiary level. Focusing in higher education, according to Trow(1938:132) higher education itself ‘a stratified system of institution, graded formally or informally in status and prestige, in wealth, power and influence of various kind. Moreover, teacher in the Philippines had its beginning as early as Spanish period. Teacher education programs have always been dictated by the urgent needs of the time, Before 1950, there were only a few state colleges offering a teacher education program. However, when the Department of Education reported the gravity of the problem of undersupply of professionally qualified teachers, enrolment in teacher education registered slowly upward. To encourage more schools to offer teacher education courses, requirements for opening normal schools and college were relaxed(Carson, 1978). Furthermore, most countries in the region of Asia recognize the crucial importance of pre-service education for teachers. For instance, the 1986 National Policy on Education states that â€Å"no people can rise above the level of its teachers† (de la Cruz, Leandro, 1988). Lastly, most important evidence of quality in an education system is to be found in the quality of the pupils/students produced. The problem, however, is to arrive at satisfactory indicators which will show that better quality education has been achieve (Adams, 1988). Accordingly, much discussion in quality and standards will show in this research. And also this study will attempt to show what was really the factors we can consider in the change in population of education students. For future studies, it will be necessary to analyze different data that related in the given topic. This research will have the great contribution in people awareness especially students on what are the trends in higher education. METHODOLOGY In order to gain information, the researcher conducted an interview with the highschool teacher including Mrs. Carol Isidro (Filipino II), Mrs. Crisamie Mendieta(Physics), Mrs. Laudato (Filipino II), Mrs. Musa (English I) and university instructors namely Ms. Michelle Zuniga (ITEC), Ms. Rona Feranil (Math), Ms. Jeneth Menil (P.E. and English), Mrs. Cherry Rose S. Uminga (Biology), Mrs. Grace Balingit ( Campus Asst. Librarian). It was made on March 3-5, 2010 at the Carmona National Highschool and Cavite State University- Carmona Campus. The researchers were able to perform an interview through the use of interview sheet/form/guide which the data currently record. They also used a pen to write every single information that the interviewee provide. During the pre-interview stage, the researchers put all the possible questions in a sheet of paper and improve it through the use of Microsoft word 2003. They also used Xerox machine to multiply the number of interview form/ guide. At the interview proper, the researchers used English language as the mode of communication. They apply formal way of gathering the point of views of the target population. And at the post interview stage, the researcher combined all ideas that the sample population had provide. Some of the information they were able to gather play an important role in interpreting the different ideas in understanding the cause of the issue of decreasing population of Bachelor of Secondary Education. RESULTS AND DISCUSSION In pre-Spanish times, education was informal, unstructured, and devoid of methods. Children were provided more vocational training and less academics by their parents and in the houses of tribal tutors. Major changes in education system happened during the Spanish colonization. The tribal tutors were replaced by the Spanish Missionaries. Education was religion-oriented. It was for the elite, especially in the early years of Spanish colonization. But education during that period was inadequate, suppressed, and controlled. According to a new report of Commission on Higher Education (CHED), that the number of tertiary population in schoolyear 2002-2003 was 1.87 million compared to 2.4 million in 1994-1995. It cites however that general population of college students in the universities without classifying the program they belong was decrease incredibly. Even though there have not been any formal studies and analysis about this subject, there are several people and organization that will contribute in the explanation of the issue. According to Raymond Palatino, vice president of Anak ng Bayan (nation’s youth), college students who can no longer afford to study a four year course are planning to shift in other program usually vocational just to achieve their dream of earning a college diploma. In the lowering economic status of the Philippines, teachers play an important role in molding a future to a better one. Bachelor of Secondary Education program and many other teaching-related program students will likely face a doubt in pursuing their profession. They are more responsible in all aspects of an economy rather than any other job. Thus, they have great mission in everyone’s life. The purpose of this research is to provide consciousness towards the current issue of diminishing number of college students specifically Bachelor of Secondary Education students. Knowledge about this topic would make people aware in possibilities and reasons behind education status of a country. Concerning the standard of education in the Philippines, in June 2009 the president of the Federation of Accrediting Agencies of the Philippines (FAAP) cited the Congressional Commission on Education (EDCOM) notice a continuing decline in the quality of education in this country. He said this was due to four main factors: a) mismanagement of the educational system, b) not investing wisely in education, c) lack of management competencies, d) systemic corruption. Another reason why the Philippines is not a major supplier of tertiary education for overseas students in the region is because some instructors and professors in SUC’s (state universities and colleges) be deficient in several abilities in professional teaching. These mandated subjects include the life and works of Filipino national hero Dr Jose Rizal, three subjects of Filipino language, and basic mathematics, science, and Filipino cultural subjects more appropriate for senior high school than for tertiary level. Also in order for the researcher to have primary information about the certain matter, they conducted an interview and look some documents that will testify the population of Bachelor of Secondary Education students in Cavite State University and Carmona National Highschool located at the community of Carmona, Cavite. The basic purpose of the interview was to gather different opinions and personal point of views of the people which generally related to the issue and the aim of the documents was to show relation of different information. The mode of communication during the interview proper is in English language in order to show formality and may give highly appropriate information. The prepared question in the interview guide/form was commonly as regards to the behavior, characteristics and ability of the sample population. From the school documents of Cavite State University, the researcher was able to identify the number of Bachelor of Secondary Education during first and second semester since 2002 at given university. As a follow up to this information, the Graph 1 shows the overall population of the enrollees of BSE program. Figure 1 Graph of enrolled students in BSE program at CvSU Carmona Campus, (Mrs. Mojica, Campus Registrar) As can be seen by the graph, the population of Bachelor of Secondary Education was inconsistent. At school year 2002-2003, during first semester of given year, the recorded population was 22 enrollees. At the latter part or in second semester, the population increased by 26. The population through that year (2002-2003) was said to be slightly increased. At first semester of 2003-2004, the enrollees were 84, and at the second semester in decreased by 76. At the first semester of 2004-2005, the documented enrollees increased by 119, and at the second semester, the enrollees extremely increased by 124. The inconsistency of the population appears at the middle of the year between 2002 to 2007. During the first semester, the population of Bachelor of Secondary Education at year 2005-2006 was 132 and at the second semester it declines to 121. At reach of 2006, the population on that particular campus noticeably decreases. The year 2006-2007, first semester, the enrollees was 110, it decrease to 104. And at the following year (2007-2008), the BSE students was consisted of 86 (first semester) and 93(second semester). At 2008-2009, the BSE program students got their smallest population at only 71 during first semester and 66 at second semester. Fortunately, it survives and reaches 84 enrollees at first semester of the year 2009-2010 and at second semester it decreased to 71. The population in that particular campus was the number of Bachelor of Secondary Education students in all year levels. The researchers also gather information from the teachers of Carmona National Highschool and instructors of Cavite State University-Carmona Campus through interview. From 5 sample population that the researchers were able to interview, such results only shows that people are aware in the tertiary level issue especially in teaching program. The first question at the interview guide was the reasons why did they choose Education program as their profession. From 5 interviewees 2 of them answered that that’s their parent’s choice. Also 2 of them proclaimed as their passion at the remaining one said that it’s their childhood dream. The result of first question shows that variation in reasons on choosing their program occurs. There are several aspects in choosing a program. It may be the behavior of a students or the behavior of the people around them. Another question although too broad to discuss â€Å"what are the factors to consider in choosing a program?† According to the observation of teachers/instructors there are too many factors they consider in entering the field of teaching. It can be the (1)parents choice, (2)job demand, (3)stability or security of the future job, (4) location of the school, (5)availability of the school, (6)scholarship offered, (7) line of interest, passion, personal choice or childhood dream (8) affordability or in financial matters, (9)relatives or friends influence. Another question answered by the interviewee, â€Å"What did you notice in the population of Bachelor of Secondary Education nowadays?† tested the attentiveness of the respondents. The result was interesting because majority showed that they see population of BSE students was said to be decreased. Only 1 of them, out of 5 answered that it increased. In order for the researcher to identify point of views of the sample population about the factors that affect the decreasing population of BSE students, they include it in their interview guide. The results of the question give ideas about the aspects which is much related in a given topic. The main factors given by the teacher/instructors were: (1) financial, (2) job demand, (3) unable to reach the standard, (4) majorship offered in the universities, (5) stressful, (6) issues or bad images of the teachers nowadays, (7) salary, and (8) chance to go abroad. The result of this question provides an appropriate answer about the certain topic. Although no longer the main component of this research, most of the target population that researchers able to interview has smaller number of colleagues whom they really want to be a teacher. According to Ms. Jeneth Menil (Engl and P.E. teacher in CvSU), and Ms. Tita Salamatin (English instructor in CvSU) approximately 10 % of her overall classmates in highschool really wants to be a teacher. And base on the observation Ms. Michelle Zuniga (ITEC teacher in CvSU) there are only 5 % wishes to be a teacher. Mrs Crisamie Mendieta (Physics teacher in CNHS) proclaimed that 2 out of 40 of her secondary classmates has a passion of teaching. While Mrs. Musa (English teacher in CNHS) notified that there are about 20 % of her highschool colleagues would like to be an educator. Fortunately, according to them, most of their highschool classmates including the teachers/instructors they interviewed whom wants to be a teacher pursued what they really want to be. Luckily, after several years of studying in teahing profession most of them succeed to be a teacher. But during their stage of studying in college, their college colleagues their population inside the campus as the Bachelor of Secondary Education students, their population said to be diminished as they reach their senior year. They give possible reason on why this condition occurs. The target interviewee told so that money is one of the greatest possible reasons for that. Some of their classmates choose the more convenient, time-saving courses such as vocational courses. Another reason was some of their colleagues realized that it is not their line of interest or their passion. According to Mrs. Mendieta others would like to take medicine/nursing for they think that it is in demand abroad. Lastly, the researcher confirmed that the population of Bachelor of Secondary Education decline after several years of establishing a teaching related field. They also give an idea about several factors on why this circumstance triggers. CONCLUSION The researchers prove that the population of students taking up of Bachelor of Secondary Education (BSE) is decreasing due to the different reasons. The researchers also conclude that there are several factors that really affect on students in order for them not to choose teaching programs. Those factors include: (1) financial, (2) job demand, (3) unable to reach the standard, (4) majorship offered in the universities, (5) stressful, (6) issues or bad images of the teachers nowadays, (7) salary, and (8) chance to go abroad. Each factor was perceived by the target population which consists of highschool teachers and university instructors. This research show that aside from giving readers an idea about the condition in terms of population of the tertiary level students specifically Bachelor of Secondary Education (BSE) program, it also provide awareness about the factors that affect in this phenomenon. Although not really a main part of the research, the researchers still provide information about the vast majority of teachers interviewed indicate that they are satisfied with their jobs, but there are problems. While teachers salaries have improved, many teachers believe that their pay is still inadequate. Local conditions have a major impact on teacher satisfaction. On the teachers wish list for job improvement are lighter workloads, more parental support, fewer discipline problems, and greater administration support. Students at tertiary level have a freedom to choose what program they were able take, but researchers tries to identify the major causes, effects, and explanation in the current trends in the society. They also supply needed information and data in order to understand what really the topic is. Recommendations, suggestions, clarifications and point of views by different kind of people combined in only one research paper and organize it according to purpose. This research aims to promote the Bachelor of Secondary Education program and it also intends to increase the number of enrollees to certain program.

Risk and Crisis Management

Risk and Crisis Management JAMES WALKER INTRODUCTION Risk and Crisis Management deal with threats to organizations. The organizations mitigate threats by applying management programs. Risk Management deals with threats prior to the event occurring while crisis management deals with threats when it unfolds or after the event occurs. Crisis examples would be natural occurrences, faulty equipment, human error, conflicts, intentional efforts, and imperfect leaderships. (Department of Homeland Security, 2009) (Shrivastava and Miglani, 1988) For this assignment, it will discuss following: the difference between risk and crisis management and the role of the National Response Framework (NRF) and the National Incident Management System (NIMS) plays, do I consider crisis management a part of risk management, and describe the possible types of crisis faced by my organization and which is important to be prepared for and why. RISK AND CRISIS MANAGEMENT The definitions of Risk and Crisis Management do vary, but generally the two deal with how organizations plan, prepare, and mitigate. Crisis Management is processes that are allocated to manage unexpected incidents that threat organizations, operations, and individual or group of people. (Australian Government, 2010) A crisis does happen without warnings and it is utmost important that plans are in place to be able to execute quickly (reactive) such actions to remedy situations or decrease the impact of a crisis to reestablish normality. Risk Management is a continuous process which threats are emphasized and solutions are in place to mitigate or avoid the risks (proactive). No matter how well prepared the procedures are for risk management, a requirement for any organizations or groups need to have a crisis management plan in place. (Australian Government, 2010) The NRFs role to crisis and risk management is providing the guidance for the Nation to all responses to occurrences and it is created upon scalable, flexible, and adaptable coordinating structures to associate roles and responsibilities. Furthermore, it gives the authorities and best customs for managing incidents or occurrences (Policy for Crisis Management). (Department of Homeland Security, 2009, 2013, and 2015) For NRF to support the role of crisis and risk management, it is comprised of core documents, the Emergency Support Functions (ESF), Support and Incident Annexes, and Partner Guides. The core documents discuss the responses, roles, and responsibilities for our nation to include response actions, organizations, and planning requirements. (Department of Homeland Security, 2009, 2013, and 2015) The ESF is the resources and abilities from Federal and State that are functional areas that are needed for a response such as Transportation, Law Enforcements, Mass Care, and Firefig hting to name a few. Support Annexes are the essential support aspects that are common to occurrences or incidents such as Financial Management and Coordination from private sectors. The Incident Annexes are the aspects how to respond to incident categories such as Biological, Nuclear, Radiological, Cyber, and Mass Evacuation. Lastly, the Partner Guides give the references to discuss the key roles and actions for Local, Tribal, State, Federal, and Private-Sector response teams. (Department of Homeland Security, 2009, 2013, and 2015) The NIMS works hand in hand with the NRF. NIMS role in crisis and risk management is to give the guidance for command and management structures of incidents to organizations or people. It provides the methodical and proactive tactics at all levels of governments to include private sectors to work efficiently to prevent, protect, respond, recover, and mitigate incidents or occurrences no matter the cause, location, size, and the complexity. (Department of Homeland Security, 2008 and 2009) (FEMA, 2013 and 2016) The question to think about is crisis management a part of risk management. A good risk management process minimizes loss when occurrences arise. A good crisis management is essential, but it should not be replaced for risk management processes. Regardless having a robust risk management process, occurrences or crisis will happen and cannot be predicted. The preparation to deal with and act immediately is essential when it comes to the two being a part of each other (plan, prepare, and mitigate). (Department of Homeland Security, 2009) (FEMA, 2013) (James and James, 2008) A good structure for risk and crisis management process maximizes the ability to act and minimizes losses. Crisis and Risk Management would discipline a broader context of management for identifying, assessing, understanding, and coping with the occurrences. Additionally, they would influence the preventing, alleviating, and overcoming different types of crisis. In the end, risk management assesses the threat levels and allows for ways to avoid the potential threats. Crisis Management deals with threats prior, during, and after the occurrence. (Australian Government, 2010) (Department of Homeland Security, 2009) (FEMA, 2013) TYPES OF CRISIS IN MY ORGANIZATION Crises in telecommunication organizations arise all the time. Telecommunications have four threats associated such as compliance, operational, strategic, and financial threats. Compliance deals with the laws, regulations and corporate governance. Operational is the impacts on the processes, systems, and people to include the overall value of the organization. Strategic relates to our customers and investors to include competitors. Lastly, Financial is the instability to keep up with technology, fixing hardware failures, updates on software and have the proper training for the employees. (EY, 2014) (MSG, 2017) The threats have crisiss that are underlined. The number one crisis is the new roles of involving industry ecosystems. The realization and understanding the importance of the new growth opportunities, customer satisfaction, and competitors to keep up with technology is a big issue and it is the driver in todays digital world (new technologies). The Compliance threat has crisiss dealing with controlling new structures and essentials in privacy and security. Additionally, the mentioned would be the second importance in a telecommunication organization. The obedience with policy and security is not regulated to protect our data. It is the reason we have the breaches in our ecosystems. (EY, 2014) (MSG, 2017) The crises in Operation threats have organizational agility especially dealing with diverse ecosystems and fostering innovation. Furthermore, the issues with data integrity to drive growth and efficiency including performance measurements. The crises in Strategic threats have customer satisfaction issues, new services available, and simplicity and flexibility to include adopting new innovation methods to improve the networks (ecosystems). The crises in financial is always going to be dealing with competitors with new technologies to improve the heterogeneous network landscape for the diverse networks. (EY, 2014) (MSG, 2017) CONCLUSION Risk and Crisis Management deals with threats to organizations. The organizations mitigate threats by applying management programs. Risk Management deals with threats prior to the event occurring while crisis management deals with threats when it unfolds or after the event occurs. Crisis examples would be natural occurrences, faulty equipment, human error, conflicts, intentional efforts, and imperfect leaderships. (Department of Homeland Security, 2009) (Shrivastava and Miglani, 1988) The NRFs role to crisis and risk management is providing the guidance for the Nation to all responses to occurrences and it is created upon scalable, flexible, and adaptable coordinating structures to associate roles and responsibilities. Furthermore, it gives the authorities and best customs for managing incidents or occurrences (Policy for Crisis Management). For NRF to support the role of crisis and risk management, it is comprised of core documents, the Emergency Support Functions (ESF), Support and Incident Annexes, and Partner Guides. (Department of Homeland Security, 2009, 2013, and 2015) The NIMS role in crisis and risk management is to give the guidance for command and management structures of incidents to organizations or people. It provides the methodical and proactive tactics at all levels of governments to include private sectors to work efficiently to prevent, protect, respond, recover, and mitigate incidents or occurrences no matter the cause, location, size, and the c omplexity. (Department of Homeland Security, 2008 and 2009) (FEMA, 2013 and 2016) My organization deals with telecommunication and crises are always arising all the time. Telecommunications have four threats associated such as compliance, operational, strategic, and financial threats. The number one crisis that falls under compliance is the new roles of involving industry ecosystems. The realization and understanding the importance of the new growth opportunities, customer satisfaction, and competitors to keep up with technology and it is the drive for todays digital world (new technologies). (EY, 2014) (MSG, 2017) The crises dealing with controlling new structures and essentials for privacy and security with the networks would be the second issue. It is the second importance in a telecommunication organization. The obedience with policy and security is not regulated to protect our data. It is the reason we have the breaches in our networks. (EY, 2014) (MSG, 2017) BIBLIOGRAPHY Australian Government (2010). AS/NZS ISO 31000 (2009), Risk Management-Principles and  Guidelines, Retrieved from: http://www.finance.gov.au/sites/default/files/COV_Risk_Management_Fact_Sheet_FA3_23082010_0.pdf, August 2010. Department of Homeland Security (2012). Department of Homeland Security Strategic Plan:  Fiscal Years 2012-2016, Retrieved from: https://www.hsdl.org/?viewdid=700830. Department of Homeland Security (2015). Presidential Policy Directive / PPD-8: National  Preparedness: National Preparedness, Retrieved from: http://www.dhs.gov/presidential-policy- directive-8-national-preparedness, September 23, 2015. Department of Homeland Security (2013). National Response Framework, Retrieved from:  https://www.fema.gov/media-library-data/20130726-1914-25045- 1246/final_national_response_framework_20130501.pdf. May 2013. Department of Homeland Security (2008). The National Incident Management System,  Retrieved from: http://www.fema.gov/pdf/emergency/nims/NIMS_core.pdf Department of Homeland Security (2009). National Infrastructure Protection Plan, Retrieved  from: http://www.dhs.gov/xlibrary/assets/NIPP_Plan.pdf. EY (2014). Top 10 Risks in Telecommunications 2014, Retrieved from: http://www.ey.com/Publication/ vwLUAssets/EY_-_Top_10_risks_in_telecommunications_2014/$FILE/EY-top-10-risks-in-telecommunications-2014.pdf. FEMA (2013). National Preparedness Goal, Retrieved from: http://www.fema.gov/media-library-data/20130726-1916-25045-3131/2013_npr_fact_sheet.pdf. FEMA (2016). National Preparedness Report, Retrieved from: https://www.fema.gov/national-preparedness-report, May 31, 2016. James, E., and James, E. H. (2008). Linking crisis management and leadership competencies:  The role of human resource development, Advances in Developing Human Resources 10  (3), 352, Retrieved from: http://webuser.bus.umich.edu/lpwooten/PDF/ADHR316450.pdf. MSG (2017). Management Study Guide, Crisis Management Meaning, Need and its Features,  Retrieved from: http://www.managementstudyguide.com/crisis-management.htm. Shrivastava, P. Mitroff, I.I., Miller, D. and A. Miglani (1988). Understanding industrial  crises, Journal of Management Studies 25(4), 285-304, Retrieved from: http://paulshrivastava.com/Research%20Publications%20Directory/UNDERSTANDING%20INDUSTRIAL%20CRISES.pdf.

Efficient Market Hypothesis and Behavioural Finance

Efficient Market Hypothesis and Behavioural Finance 1.1 Aim of Chapter This chapter aims to give an overview of the dissertation. To start with, general backgrounds concerning the efficient market hypothesis (EMH), behavioral finance and market anomalies are mentioned briefly in order to provide better understanding about the modern area of financial study. Then, two opposed concepts of investment strategies, Contrarian Strategies and Momentum Strategies, are addressed leading to the next section which mention the main purpose and summary of findings of this research. Lastly, the structure of the dissertation has been outlined at the end of the chapter. 1.2 Background of knowledge about efficient market hypothesis (EMH) The theory of market hypothesis (EMH) is one of the most crucial theories in standard finance that have been revised and tested over the past few decades to uncover its imperfection. This theory was introduced by Professor Eugene Fama in 1970. As defined in his article, the efficient market is the market where securities are priced, at any point of time, by accessible information. It is believed that the markets are extremely efficient that individual stocks and stock markets as a whole are fully reflected by all available information. When new information enters the market, stock prices incorporates the news and responds very quickly with our any delays; therefore security prices are the accurate source of data which can be used as signals in trading investment process. By examining the level of how relevant information reflects in security prices, Fama (1970) categorizes the market efficiency into three forms: weak, semi-strong and strong forms of EMH. However, this theory relies o n certain assumptions, for example, there is no transaction cost paid in trading securities and it is costless for all participants to gather information available in the markets. The weak form of EMH is the condition that exists when share prices are fully reflected by trading data such as past price (or return) histories. For that reason, investors cannot exploit mispriced securities and earn excess returns by using historical stock quotations or charts. Semi-strong form of EMH is the condition that exists when share prices incorporates market trading data and publicly available information. The examples of this type of information are announcements of annual earnings, stock splits, annual reports, analyst forecasts, etc. As a consequence, investors cannot exhibit gains by rely only on fundamental and macro-economics data. Strong form of EMH is the condition that exists when market prices of stocks adjusted according to every kind of accessible information. This includes hidden inside information which are known among specific group in the company (e.g. the top executives and group of operational managers) or some individuals that have monopolistic access to information (e.g. managements of mutual funds). Thus, abnormal profits cannot be generated by either using internal or external information of the company. In other words, both individual and professional investors cannot beat the market and earn excess returns in every way due to the perfect efficiency of the stock markets. As claimed by efficient market hypothesis, market will be efficient in weak form if the past and future returns are not correlated, in other words, they are independently and identically distributed. Thus this refers to the idea of the random walk model. However, Fama (1970) affirms in his literature that the test of random walk model leads to the evidence of weak-form EMH, but not vice versa. Burton (2003) identifies the definition of random walk in his paper that it is the state where the flow of information on specific day is incorporated in stock prices on that day only, not for the subsequent period. The news announced in the market is unpredictable, thus stock prices changes are displayed in a random pattern. As a consequence, uninformed investors are able to earn equal rate of returns as what achieved by professional investors if they long position in well-diversified portfolios. In his paper, Burton tries to examine the criticism of the efficient market hypothesis and the idea that stock prices can be predicted based on initial valuation parameters (e.g. price-earnings multiple or dividend yield). He uses time-series analyses of accounting numbers and multiples and comes up with the results revealing that the stocks market are efficient enough, but it is difficult to predict the share prices. Moreover, the findings also reveal that anomalous behavior of stock price s may exist, but investors cannot create portfolio trading opportunity and gains excess risk adjusted returns. Fama (1997) states in his study that there are many literatures concerning behavioral finance and market anomalies challenge the hypothesis of efficient market. The opposed idea suggests that stock prices slowly absorb information available, which can be denoted as the market inefficiency. 1.3 Behavioral Finance and Market Anomalies Behavioral finance is the new area of financial study concentrating on the psychology of market and its participants. This field of study has started to appear in many academic journals from 1990s. Shefrin (2002) publish a book regarding the behavioral finance trying to find and explain reason behind the behavior of investors, both professional and individual. The author suggests that investors, who are sometimes prone to commend mistakes and errors, tend to rely on their emotional and psychological forces, thus this causes many market anomalies, the state where there is inefficiency in stock markets, to take place. Two well-known papers of Berberis, Shleifer, and Vishny (1998) and Daniel, Hirshleifer, and Subramanyam (1997) proposed behavioral models to explain the conflicting theory of efficient market hypothesis. They reject the previous belief with the proposition that the behavioral biases (i.e. judgment bias) of investors cause the anomalies and knock down the old theory behind. They present the concepts of over-reaction and under-reaction which accommodates the existence of long-term excess returns. Berberis, Shleifer, and Vishny (1996) create a model based on cognitive psychology of two judgment biases: the representativeness bias and conservatism. In their study, the empirical findings of investors’ behaviors are divided into two main groups: one perceives that earnings are mean-reverting. Thus, stock prices show a delayed short-term response and under-react to change in earnings. Another group believes that firms’ earnings are trending which leads to the overreaction in stock prices. The earnings follow the random walk process; hence, this leads to reversal of long-term returns. Daniel, Hirshleifer, and Subramanyam (1997) have different views in conducting the behavioral models. They split the sample group of investors into two categories: informed and uninformed investors. They find that judgment biases are not found among the uninformed investors, but detected among the informed ones. Informed investors are the group of people that determine the stock prices. They are exposed to two kinds of behavioral biases: overconfidence and self-attribution biases. Overconfidence causes the overstatement in investors perception of their private stock prices signals, while self-attribution bias causes investors to underweight the public signals about the value of companies. Therefore, the circumstance of overreaction to private information and under-reaction to public information generates continuation of stock returns in the short run. Overreaction leads to the concept of contrarian investing, whereas underreaction induces the theory of momentum investing. 1.4 Investment Strategies 1.4.1 Contrarian Investing Contrarian investing is the strategy that aims to generate profits by investing in the direction that goes against the conventional investors. In normal condition, short-sighted investors, who overweight the recent trends of past stocks prices and use this information to predict future prices, engage in buying stocks with good performance in the past hoping that it will continue to perform well in the near future. However, contrarian investing focuses on the opposite direction. People who employ this strategy tend to buy the shares that others have given up on due to either their poor past performance or their miserable and unclear future prospect. They expect the market to react to the behavior of the crowd, so that they can exploit the mispricing of securities and earn abnormal returns. 1.4.2 Momentum Investing Momentum investing is the strategy that is the opposite of contrarian investing. People who employ this strategy seek for making profits by relying on the continuance of the past stock prices and trends in the market in an attempt to predict prospective prices in the future. It is believed that the good stocks with price increases and strong performance in the past will keep on outperforming and generate gains in the future, and vice versa for the poor stocks. Thus, momentum investing suggests investors to hold stocks that had high returns and sell those that had low returns (buy winners and sell losers). The detailed of these two investment strategies will be discussed in the next chapter which both strategies will be supported by existing empirical evidences from several renowned academic papers. 1.5 Purpose and Findings of the Research The purpose of this research is to examine the profitability of momentum strategies, which is one of the most debated investment strategies in financial study, in the UK stock market. This paper employs the prices and returns data of FTSE 100 composites – the top 100 biggest companies in London Stock Exchange – as a proxy of the whole UK stocks. The observation period lies between July 21, 2000 to July 21, 2010, which gives a total of 10 years period. Thus, the main contribution of this study is to comprehensively revise existing literatures and employ the more up-to-date the data set with the well-known procedure to test the existence of momentum investing and its profitability in the UK market. However, the findings reveal no evidence of momentum profitability in the observed time for UK stock market, which are inconsistent with the prior research conducted using the different sample periods. 1.6 Structure of the Dissertation The rest of the dissertation is organized as follows: Chapter two comments on the review of the literature regarding the momentum strategies and its criticism, including the opposed theory of contrarian investing. Academic papers concerning the momentum strategies are divided into categories regarding the region of data employed. We carefully asserted and analyzed each paper to find the gaps which are necessary to be concerned for further researches in the future. Then, chapter three gives an overview of data and methodology used in this research. Chapter four shows the summary statistics of data, empirical results and interpretations. Finally, last chapter provides a summary of the results, as well as the limitations of the study.

Bastard Out of Carolina Essay -- essays research papers

One of the most complex and elaborate characters in Bastard Out of Carolina by Dorothy Allison is Bone. Throughout the story Bone has to live a life where she thinks that she is the leading mystery of the trouble being caused. She has numerous unhappy situations and is in no way self-satisfied with herself. She doesn’t appreciate who she is physically. She constantly thinks she is the most homely and dull person who causes the most inconvenience in the family. This sense of selflessness is mainly due to the physical and sexual abuse brought upon by Daddy Glen, Bone’s stepfather. Unfortunately, the assaults were stretched out over a long period of time, leaving little chance for Bone to recover as an adult if any at all. I decided to take a more scientific approach to discussing Bone’s future as an adult. The most common disorders I feel Bone is likely to face are posttraumatic stress, cognitive distortions, emotional pain, and avoidance, an impaired sense of sel f and interpersonal difficulties. After finishing some research I concluded that Bone would most likely be diagnosed with posttraumatic stress disorder. It entails enduring certain psychological symptoms that occur in reaction to a highly distressing, psychically disruptive event. A diagnosis of posttraumatic stress disorder (PTSD) requires the occurrence of a traumatic event, as well as frequent experiencing of the event through nightmares or intrusive thoughts, a numbing of general responsiveness to, or avoidance of, current events, and persistent symptoms of increased arousal, such as jumpiness, sleep disturbance, or poor concentration. All of these occurrences are a result from the sexual abuse Bone was forced to tolerate from Glen. Triggers of flashbacks include sexual stimuli or interactions, abusive behavior by other adults, disclosure of one's abuse experiences to others, and reading or seeing sexual or violent media depictions, all of which would more than likely be experienced throughout Bone’s adult life. Unfortunately all of these experiences are apart of life and in most cases can’t be avoided. Bone is obviously going to be exposed to such things, which could induce flashbacks. Without question Bone would suffer from cognitive distortions. As a result from the traumatic events throughout her life with Glen her assumptions and self-perceptions typically reflect an overestimation of the a... ...ren attempt suicide each year because they can‘t bear being abused any longer. Fortunately, Bone hasn’t reached that point yet. Depending on the circumstances ahead in the future, I see suicide as a last resort.   Ã‚  Ã‚  Ã‚  Ã‚  It is important to appreciate that these issues are very complex, and to be familiar with how abuse and neglect can affect various aspects of a person's life. Child abuse does not affect every person the same. The extremity of the abuse and different situations determine the effect. Some people could live on to become great people and do great things. They don’t look at the abuse as something negative but rather as something that made them strong and made them believe that they were better and could do better than the situation that they were in. Dealing with abuse after it is over is the toughest thing to handle, most people that could afford therapy go to it, but since most people can‘t afford it they try to deal with it the best they can. Although in most cases the child is removed from the home that the abuse is happening in, sometimes child abuse can slip by unnoticed and that can have severe consequences on the child as well as others.

Arpanet :: essays research papers

The USSR launches Sputnik, the first artificial earth satellite. In the late 1960's the U.S. military was desperately afraid of a nuclear attack from the Soviet Union. The United States formed the Advanced Research Projects Agency (ARPA) within the Department of Defense to establish a bombproof network to connect military bases. ARPANET's physical network was established in 1969 to enable universities and research organizations to exchange information freely. The first two nodes that formed the ARPANET were UCLA and the Stanford Research Institute, shortly after the University of Utah was added to ARPANET. The Network Control Protocol (NCP) was initially used as the ARPANET protocol, beginning in 1970. By 1971, a total of 23 hosts at 15 locations were connected to the ARPANET. The following year, the first international connections occurred, linking the University College of London (UK) and the Royal Radar Establishment (Norway) to the ARPANET. The way ARPANET was set up is so that if one of the network links became disrupted by enemy attack, the traffic on it could automatically be rerouted to other links. Fortunately, the Net rarely has come under enemy attack. In the 1970s, ARPA also sponsored further research into the applications of packet switching technologies. This included extending packet switching to ships at sea and ground mobile units and the use of radio for packet switching. Ethernet was created during the course of research into the use of radio for packet switching, and it was found that coaxial cable could support the movement of data at extremely fast rates of speed. The development of Ethernet was crucial to the growth of local area computer networks. The success of ARPANET made it difficult to manage, particularly with the large and growing number of university sites on it. So it was broken into two parts. The two parts consisted of MILNET, which had the military sites, and the new, smaller ARPANET, which had the nonmilitary sites. On January 1,1983, every machine connected to ARPANET had to use TCP/IP. TCP/IP became the core Internet protocol and replaced NCP (old ARPANET language) completely. Thanks to TCP/IP MILNET and ARPANET remained connected through a technical scheme called IP (Internet Protocol); which enables traffic to be routed from one network to another as necessary. All the networks connected to the Internet speak IP, so they all can exchange messages. Although there were only two networks at that time, IP was designed to allow for tens of thousands of networks. An unusual fact about the IP design is that every computer on an IP network is just as capable as any other, so any

Jonathan Glover Essay

Jonathan Glover (born 1941) is a British philosopher known for his studies on ethics. He was educated at Tonbridge School, later going on to Corpus Christi College, Oxford. He was a fellow and tutor in philosophy at New College, Oxford. He currently teaches ethics at King’s College London. Glover is a fellow of the Hastings Center, an independent bioethics research institution in the United States. Glover’s book Causing Death and Saving Lives, first published in 1977, addresses practical moral questions about life and death decisions in the areas of abortion, infanticide, suicide, euthanasia, choices between people, capital punishment, and war. His approach is broadly consequentialist, though he gives significant weight to questions of individual autonomy, the Kantian notion that we ought to treat other people as ends in themselves rather than merely as means. He criticises the idea that mere consciousness or life itself are intrinsically valuable: these states matter, he argues, because they are pre-requisites for other things that are valuable and make for a life worth living. There is, then, no absolute sanctity of human life. [1] He criticises the principle of double effect[2] and the acts and omissions doctrine,[3] the notion that there is a huge moral difference between killing someone and intentionally letting them die. In his discussion of real cases of moral decisions about killing he draws on insights from history and literature as well as philosophy. Throughout, the emphasis is on the consequences of moral choices for those affected, rather than on abstract principles applied impersonally. In Humanity: A Moral History of the Twentieth Century, published in 1999, Glover considers the psychological factors that predispose us to commit barbaric acts, and suggests how man-made moral traditions and the cultivation of moral imagination can work to restrain us from a ruthlessly selfish treatment of others. Gaining greater understanding of the monsters within us, he argues, is part of the process of caging and containing them. [4] He examines the various types of atrocity that were perpetrated in the 20th century, including Nazi genocide, communist mass killings under Stalin, Mao, and Pol Pot, and more recent slaughter in Bosnia and Rwanda, and examines what sort of bulwarks there could be against them. He allows that religion has provided bulwarks, which are getting eroded. He identifies three types of bulwark. The two more dependable are sympathy and respect for human dignity. The less dependable third is Moral Identity: â€Å"I belong to a kind of person who would not do that sort of thing†. This third is less dependable because notions of moral identity can themselves be warped, as was done by the Nazis. [5] In The End of Faith, Sam Harris quotes Glover as saying: â€Å"Our entanglements with people close to us erode simple self-interest. Husbands, wives, lovers, parents, children and friends all blur the boundaries of selfish concern. Francis Bacon rightly said that people with children have given hostages to fortune. Inescapably, other forms of friendship and love hold us hostage too†¦ Narrow self-interest is destabilized. â€Å"[citation needed] In 1989 the European Commission hired Glover to head a panel on embryo research in Europe. [6] He is married to Vivette Glover, a prominent neuroscientist. Jonathan is father to three and grandfather to one (father to Ruth, Daniel and David Glover and grandfather to Samuel Glover).

Man on Wire, Movie Review

aI always enjoy watching a documentary. It makes me to discover a new world. Especially logically well-developed documentaries give me a new stream of thoughts and allows me to discover another way to look at the world. The movie Man on Wire gave me this type of experience, helping me to re-discover the adventurous part of me that I hide deep inside of my soul. Man on Wire is a documentary directed by James March about a Philippe Petit and his journey to walk across in the middle of the World Trade Center on a wire back in 1974.What made me interested in the film in a point of view of student who is freshly leaning elements of film is how the director managed to tell this story without making the audience confused of timeline. Often times in our lives, when we are listening to such a long story like Petit’s journey, we get lost in time frame. On the top of that in the movie, there is no necessarily main stream of story. Different types of footages and films drive the story by putting them together as a unit.However March has used different visual effects and devises to give distinctive feelings for the audience to focus on the story. This movie shows interviews of Philippe Petit, interviews from Petit’s friends, his girlfriend, Annie Allix, and other people who were involved in the scene. As well as footages from Petit’s own camera, re-directed past sequences, scenes from the news, also animation as transitional device between scenes. The director March has given distinguishable color differences to each types of footage in the order of how currently there were filmed.All of the interviews that were filmed while March was directing the movie are in modern style, high-definition color, which gives an impression of present. In the past sequences, the footages from the news and Petit’s footages during planning how to walk on the WTC are in color film with dimed colors. This gives the distinctive visual effect between the past prior to t he construction of WTC. All of the sequences before WTC is in black and white and has noises all over the film.This gives impression that it is in the farther past. However the sequences of Petit and his crew getting into the WTC is in high-definition black and white with no noises on the film, this gave me an impression that this event happened a long time ago, yet still has powerful impact on people’s soul while drawing a parallel with the passion of interviewees talking about the story. One more visual devise that was used in the film that I found interesting was the use of vignette.Vignette effect was used in the sequences that were prior to the time Petit had a passion to walk across the twin towers. This device also makes it easy to follow the flow of the story. Without those visual devises, because of the big scale of the story, it wouldn’t be easy to enjoy the film. The portion that touched my heart and made me aware of the part of in my soul that used to dream such things that are not possible in the point of view of adults was the expression that the interviewees still have inside of them when they talk about this event.Although as a result, this event did not make any of them in a better position, their memories of achieving what had seem impossible made me admire of their heart what was once beating enormously to make their dreams come true. As there is a saying ‘even an old house dreams of the open field’. I wish I could be free of fear and live for a dream that inspires other people like Petit has.

Human Infrastructure of Toyota Production System

In order to produce world-class, quality automobiles at competitive price levels, Toyota has developed an integrated approach to production which manages equipment, materials, and people in the most efficient manner while ensuring a healthy and safe work environment (Toyota web page). The Toyota Production System is built on two main principles: Just-In-Time† production (the manufacturing and conveyance of only â€Å"what is needed, when it is needed, and in the amount needed), and â€Å"Jidoka. (to the ability to stop production lines, by man or machine, in the event of problems such as equipment malfunction, quality issues, or late work). Underlying this management philosophy and the entire Toyota production process is the concept that â€Å"Good Thinking Means Good Product. † From the systems perspective, the human infrastructure is a set of processes and structures within TPS. Key elements of that human infrastructure are: a. Effective utilization of every member’s time. b. Total participation at all levels . Encouragement of ingenuity Toyota has developed a system where the human infrastructure works harmoniously with the rest of the operating system. Some of the attributes of Toyota’s human infrastructure are intensive training, rapid problem solving skills, and teamwork. The expectation was that problems will be solved promptly, completely, and systematically. A review of the Toyota’s Georgetown, Kentucky, Plant case indicates the above key elements of human infrastructure were evident at various degrees. TMM did receive intensive training from TMC, starting a year ahead of plant opening, one-on-one, as well as having TMC trainers remain in Kentucky for a few years. However, as indicated in the case, team member’s time was not always effectively utilized. In some tasks, such as when a car had a seat problem the team leader pulled the andon cord to signal Ok and then tagged the car to alert Quality and moving the car to the Code 1 clinic area to see if the problem was correctable there. This process does not present value added and is in contradiction to Jidoka principles. As Friesen found out on his walk between Final 1 and Final 2, the workers interviewed only knew of a few seat incidents, which was contradictory to the data posted at work stations. This indicates very little involvement of the workers in the root cause investigation. The majority of defects indicate missing parts and material flaws. Application of the â€Å"Five Whys† exercise could very well indicate a supplier issue. The TMM case does not mention of any instance where team member ingenuity was encouraged or demonstrated in solving any of the prevailing issues that are causing the Andons. The only instance where the group leader, Shirley Sargent, had reported the problem with the rear seat hook, months had elapsed and she yet had to receive an explanation or participate in possible solutions. Another issue that would need to be investigated and analyzed is the steady increase, and disparity of Andon pulls between the 1st and 2nd Shift Rear Seat teams. This could indicate that non-standardized procedures are used or training deficiencies among the teams. Doug Friesen is correct in applying Jidoka in â€Å"going and seeing† the problem. There are key elements of the human infrastructure, such as: active encouragement of ingenuity, and worker participation in the solutions, that would help in the solutions. Also, a seat supplier kaizen is in order to identify NVA tasks, analyze the effectiveness of pulling problem cars off line for repairs, and prepare for the needs for the additional 18 seat variations expected for the Japan and Middle East markets.

Troy vs Iliad

The movie Troy written by David Benioff and directed by Wolfgang Petersen was inspired by The Iliad, an ancient Greek poem about the time of warrior Achilles argument with King Agamemnon during the Trojan War. Some events the film where taken straight from the Iliad, and is at times the two stories are very similar to one another. However there are several major differences between them, as Troy the movie was made to appealing to twenty first century audiences, where as the Iliad was meant to appeal to Greeks in the eighth century BC.The difference in time, culture, and format between the movie and the Iliad make differences such as the gods roles and time the stories covered, are necessary to allow both to be understood and interesting by their audience, and where producible at the time. Time difference. The Iliad only tells part of the story of the Trojan War, covering only a few weeks during the war. The Iliad begins nine years after the start of the war, during the final year of the war.However the movie begins before the Trojan War, and continues through to the end of the war. The movie aims to give more of an overview of the events leading to and during the war, where as the Iliad only focuses on a small piece of the full story. When hearing the Iliad the ancient Greeks would have known the rest of the story about the Trojan War, as it was part of their culture, they would have heard the stories from the time they were very young.Because of this the Iliad did not need to explain why the Trojans and Greeks where at war, as its audience would already know what had happened before the Iliad, and they would also know what happens after the Iliad. Modern audiences on the other hand have not grown up hearing tales of the Trojan War, it is not part of our culture, and so most people watching troy would not already know how the war started, or who the different characters are. Because of this the movie begins by introducing some of important characters, the warri or Achilles and king Agamemnon, leader of the Greek kingdoms.The first scene of the film lets the audience know who king Agamemnon is and how powerful he is. It also shows how Achilles and Agamemnon feel about one another. Referring to Achilles King Agamemnon says â€Å"Of all the warlords loved by the gods, I hate him the most. † Later in the scene when speaking about Agamemnon Achilles says â€Å"He's not my king. † This sets up the ill feelings between the two, which is very important in the rest of the movie, as well as in the Iliad.The movie then continues to explain why the Trojan War began, and introduces the rest of the main characters before showing the beginning of the war. This allows its audience to understand what is happening in the movie without already having knowledge about the war and the characters in it. The movie also continues on after the end of the Iliad, which ends with the King of troy, Priam getting his son, Hector’s body back from Ach illes, who had killed him and taken the body back to the Greek camp.The movie however continues on passed this point, going on to show the end of the war. This was changed because the film amid to give an overview of the whole war, if it ended the same as the Iliad modern audiences would most likely have felt confused by the ending, and would want to know what happened afterwards. To the modern audience it would seem like a strange place to end, as they would expect the main conflict of the film, the Trojan War, to be solved before the movie ends.The length of the Trojan War is also changed in the Movie, in the Iliad the war has already been going for nine years, implying it was a long hard struggle for the Greeks to take Troy. In comparison the movie makes it appear as though the entire war lasted a number of weeks. The ancient Greeks would have known about war, as it was part of their culture, and would find it believable that the war between two such strong armies, with Troy†™s strong walls to protect them would take time, they also knew the Iliad was only part of what happened, and they had other stories about the rest of the war.Modern audiences however, especially in western culture do not have war as a large part of their culture, so are happy to believe the war lasted only a few weeks. The movie also did not have time to explain what happened in the nine years before, and as it does not really affect the storyline of the movie or Iliad it would have been easier to cut it out, then try to explain to the audience how much time had passed between events. The role of the Gods The role of the gods differs greatly between the movie and the poem.In the Iliad the Olympic Gods and Goddesses play a major role in the lives of the characters, and the outcome of the war. The Gods continuously intervene in the characters lives, hugely involving themselves in all the main events in the Iliad. For example in the Iliad when Paris a prince of Troy, fights Menelaus , king Agamemnon’s brother, for the beautiful Helen, the Goddess Aphrodite intervenes to save Paris when she see’s he is losing: â€Å"Aphrodite hid Paris in a dense mist and whisked him away. There are many other examples in the Iliad of Gods becoming involved in the Trojan War, such as when Zeus, the king of the gods, persuades king Agamemnon to launch a full scale attack on Troy in a dream, and later when it looks like the war might be over Athena convinces a Trojan archer to fire at Menelaus to anger the Greeks and make sure the war continues. Smaller deities are also involved in the Iliad, such as the spirit of a river called Xanthus, which was near Troy.The river is on the side of the Trojans, and when Achilles killed many Trojan solders in and near the river, the river â€Å"raised a high wave and attacked him †¦ The great and terrible wave gathered about Achilles, falling upon him and beating on his shield, so that he could not keep his feet. † Ach illes was saved by the rivers anger by another deity, Hephaestus, god of metal work, who boiled the river. In the Iliad Achilles mother, Thetis, is also a deity, she is a river nymph, who convinces Hephaestus to make Achilles new armor after Hector takes his old armor.The continued presence and intervention by the Gods in the Iliad is very different in the Movie. In the movie only one deity, Thetis, is ever seen. It is not inertly clear in the movie if she is a goddess, though it seems more likely that she is not one. A boy who wakes Achilles for battle mentions a rumor he heard about her, saying â€Å"They say your mother is an immortal goddess† the only time we see Thetis in the movie keeping with her being a river nymph she is standing walking in the ocean, collecting shells.However apart from this she appears to be mortal, as there is nothing godly about her, she looks like an older women, which you would not expect if she was an immortal nymph, but makes sense if she is Achilles mortal mother. Thetis only appears the movie once, near the beginning, before Achilles goes to Troy, to prophesize that if Achilles goes to Troy he will die there. The rest of the gods are never shown in the movie, although they are mentioned.The film makes it clear the Greeks and Trojans believe in the gods, at one point Achilles has his men ransack a temple of sun god Apollo, one of his followers Eudorus tells Achilles â€Å"Apollo sees everything. Perhaps it is not wise to offend him. † However Achilles does not care and cuts the head off a statue of Apollo. The Trojan king Priam asks a priest of Apollo for advice before he goes to battle, listening to the priest, as he believes the man is â€Å"a servant of the gods. † And that the signs the priest sees are from the gods, telling him what will happen. Achilles also speaks of the gods, but not in as kind a light as the others, when briam

River Woods Case Assignment Example | Topics and Well Written Essays - 500 words

River Woods Case - Assignment Example Once a horizontal powerbase is established, the employees will feel more inclined to work as a team and less inclined to go directly to the CEO, as would occur in a vertical power base. In order to assist in establishing a horizontal structure as quickly as possible, I plan to be a flexible and visible as I can, while setting clear expectations that all employees buy into and feel empowered by. In terms of weekly meetings, each employee needs to understand their role and what’s expected and single person has all of determinants or information. Clear communication channels will be established which include my office as the first stop for any new ideas or if employees are having problems. I plan to become more relevant to my employees by increasing the amount on which I rely on the concept of centrality or in other words, my network. As part of this strategy, I will be ad I will encourage my employees to display certificates for courses they completed and I will begin to show them my close relationship with the CEO to establish trustworthiness by demonstrating that I am indeed, close to the powerbase. This should help ease the problems and drive productivity up as everyone will feel more confident. The short answer is that the key to getting my management team on board with me is trickle up leadership and in order to â€Å"lead up†, it is time for me to speak up. My team needs to be refocused and the artificial constraints and excuses for the rise in customer complaints needs to be ended by renewing their dedication to the specialized role that them and their units play in this special company. I must act assertively to neutralize those individuals in my company who are having a toxic effect by being late or having attendance issues. This is an opportunity for employees to have input and take the lead in solving the issues and I will certainly be open and encouraging of any viable solutions

Hacking the Accounting Information System Essay

Hacking the Accounting Information System - Essay Example These authorized personnel will for this reason have passwords and codes to access these document. Mostly these passwords to the system will be only available to heads of departments. These passwords can sometimes be breached by individuals with capability to unlock them and thus access some accounts. This act of illegally accessing accounts of a firm by breaching their password is what is referred to as hacking. These hackers usually illegally enter into these accounts with the intentions of getting confidential information of that particular firm either to help them counter competition illegally. Accounting system provides firms with a platform to record and document all their daily business transactions. In today’s technology environment, most firms choose to launch and keep their accounting system in modernized recording keeping platforms (Turner &. Weickgenannt, 2013). Accounting system can also be launched and kept through manual record keeping system though. Both manual and electronic systems come in with different benefits and challenges. Manual systems for example tend to be costly considering expenses and time needed to manage it. The manual system however provides a relatively better platform for understanding the underlying guideline of accounting (Turner & Weickgenannt, 2013). Electronic system on the other hand comes in handy in terms of speed of processing accounting data. These automated systems are never prone to mathematical errors. This error free attribute is due to the fact that in automated systems, the accountant just need to enter information and then the alternate steps like keeping up ledgers and accounts is performed from the prior information documented earlier. The automated systems are thus quicker and work well in recovering already stored data. Most advance firms tend to prefer this system to the manual system. The automated system is however often exposed to several sever danger like hacking (Turner & Weickgenannt,