Saturday, August 31, 2019

One-Party State: Texas vs. Oklahoma Essay

Texas: For over a 100 years Texas was a one-party state of Democrats (Munisteri). Republicans did not have a chance until Abraham Lincoln who was against slavery and defended the Union during the Civil War. During this time before Republicans took over Texas was free-willed and won majority of seats in the race and had all seats in Legislature. One of the best ways to describe this era was best stated by Author Steven, â€Å"developed a free spirit, a pride in self-reliance and a work ethic that is still unmatched today â€Å"Early Texans lived, loved and died entirely by their own efforts without relying on government to fulfill their needs. Just like modern Texans, early settlers believed in families, churches and neighbors, not in bureaucracy† (Munisteri). Oklahoma: Just like the Texans, Oklahoma was always a one-party state of Democrats. It was secured in the Democratic Party and Republican did not have a chance. Even in 1964 Republicans won their first election, the Demo crats still held 81% of seats (Gaddie). In the 1990’s Republican took over and still run the show. Which party dominated Texas politics (for most of Texas’s history after the 1876 Constitution), and what are the historical origins behind this dominance? Texas: Democrats dominated Texas politics from 1863 to 1980. Still Democrats remained powerful, they gradually drowned. The Cause of this power was Texas did not vote in 1864 and 1868 due to the Civil War and Reconstruction and from 1902 through 1965, Texas had basically stopped most blacks and many Latinos and poor whites through the poll tax and white primaries by not allowing them to register to vote. Oklahoma: Oklahoma was dominated by Democrats almost their entire existence. From 1907 up until the 1990’s the Democratic Party ran Oklahoma as a state. The reason for this is stated in the article written by Gaddie, â€Å"For decades the bedrock of Democratic Party strength has been the southeastern part of the state, â€Å"Little Dixie.† This region imported not just people, but also local culture, place names, architecture, and political tradition directly from a variety of southern states, especially Mississippi† (Gaddie). In addition the most prominent people to support the Democrat Part come from Little Dixie as well. What were some of the ramifications of one-party  rule? After researching and reading articles on Texas and Oklahoma one-party states, I came to the conclusion that the consequences would be harsh, or were harsh. It would make these states communist. Meaning government control all even the way citizens live and operate. They became robotic. What caused the rise of a two-party system in Texas? The division of ideas led to the creation of the two-party system. The main issue between the two parties was how they believed the Constitution should be read and interpreted. When George Washington was president he assigned to people to his cabinet. Hamilton and Jefferson both which seen differences in the constitution. One believe that so of the constitution was good the other believe that some of it was inappropriate. This cause a rift and a split into a two-party system (AP U.S. History Notes). Why do some people (including your professor) believe that Texas is once again a one-party state? Texas: For many and many that sit down and speak on Texas and its politics see that Republicans run everything to see how everything that the President promotes they reject and are successful. The cost of living, the assistance giving to the needy diminishing and the way the rich and wealthy are catered to make me and others feel t is a one-sided situation and bring us to Texas being a one-pa rty state. Texas and Oklahoma both have 2% Democrats and 98% Republicans, it is very plain to see that both are a one-party state (538 Politics). Cite: Aboukhadijeh, Feross. â€Å"Development of the Two-party System – AP U.S. History Topic Outlines – Study Notes.† Development of the Two-party System – AP U.S. History Topic Outlines – Study Notes. StudyNotes.org. Study Notes, Inc., 17 Nov. 2012. Web. 3 Oct. 2014. . Gaddie, Ronald. â€Å"DEMOCRATIC PARTY.† DEMOCRATIC PARTY. Oklahoma Historical Society. Web. 3 Oct. 2014. . Munisteri, Steve. â€Å"Overview and History – Republican Party of Texas.† Republican Party of Texas RSS. Web. 3 Oct. 2014. . Silver, Nate. â€Å"FiveThirtyEight Senate Forecast: GOP Is Slight Favorite in Race for Senate Control.† FiveThirtyEight. 23 Mar. 2014. Web. 3 Oct. 2014. .

Friday, August 30, 2019

Effective and Ineffective Communication

Effective and Ineffective Communication Lisa Brady Loyola University Effective and Ineffective Communication Where we come from, what we’ve experienced, our culture, our norms, our circle of friends, and our history all affect the ways in which we communicate with each other. What constitutes effective and ineffective communication? How do we assess what works as opposed to what doesn’t? Communication is vital not only to patient care but in collaborating as a team to ensure goals are achieved.In Contemporary Nursing, Cherry states that â€Å"effective communication is a foundational component of professional nursing practice. † (Cherry & Jacob, 2011, p. 381) When I think of communication in the clinical setting, two examples are always in my fore mind both of which happened in nursing school. I keep these experiences in mind because they have had a profound effect on the ways in which I communicate with my patients daily. My example of ineffective communicat ion stems from a rotation I did in the ICU. I was apprehensive about going to the ICU. Was I ready?The patients were so acute and I was so inexperienced. I was filled with doubts and insecurity. The short version of this story entails an ICU nurse who was not aware she was getting a student and a shortage of computer tablets, so medications were pulled via a written paper brought to the pyxis. A patient was upset with medications he didn’t understand and the doctor had to be contacted. The doctor yelled at the nurse, the nurse ran from the unit crying and when she returned the scene was set for a near fatal accident. The nurse took me and her piece of paper to the pyxis and began to pull her medications.Again for time and space, the shortened version explains that the nurse mistakenly pulled a night medication due at hour of sleep instead of the day medication. The nurse then instructed the nursing student to pass these medications. By the time the nurse realized she had pull ed the wrong dosage and the nursing student had given them, the patient had to be intubated; stomach pumped and could easily have died. During this emergency treatment the nurse yelled at the nursing student, â€Å"and this is why you always check the computer prior to giving medication. I cannot express to you the fear, anger and confusion I had over what had transpired. I felt â€Å"thrown under the bus†. What had just happened? What happened was a serious disconnect in communication and a hard lesson in patient safety. The patient lived and recovered. I learned to never completely give up my power and to trust my instinct. I have never since and never will give a medication unless I have pulled it and have all the resources in front of me to verify the information.The nurse later wrote on my evaluation that we both needed to learn our five rights. I was angry but in retrospect she was right. I may not have pulled those medications but she told me to give them and I obeyed . I was utilizing non-assertive communication. I have always thought communication was my strong suit. I strive to use the â€Å"I† statements that Cherry suggests. (Cherry & Jacob, 2011) I believe strongly in Jan Hargrave’s concept that â€Å"55% of what we say is non-verbal,†¦38% is in voice reflection and only 7% is in the actual words we say. (Cherry & Jacob, 2011, p. 385) The difficulties that arise in communication; it is dependent on a host of factors, including non-verbal communication and interpretation of the information. (Cherry & Jacob, 2011) I have since learned assertive communication techniques and am currently working on responding instead of reacting. It is a lifelong process. My second example is one of effective communication. A young mom with two babies arrived to the ER. She had no insurance, and her baby presented with fever and signs of pneumonia.The ER doctor and the nurses expressed she was from the city hours away and was mos t likely attempting to obtain free care. The doctor discharged the patient and the nurses discussed amongst themselves the patient and the problems with patients abusing the system. Once again my gut instinct told me there was more to this patient and her story. I went to the patient to express concern and to listen and discovered that the patient was not at this particular hospital to avoid payment. She was in a domestic violence shelter with her two young babies and was attempting to change her life.It upset me that she was pre-judged like this, when all it would have taken was a few minutes of building a rapport and trust to get to the truth of the matter. It has truly made a difference in how I work with my patients. I try to truly listen to what they are â€Å"not† saying. To work with our patients on a holistic level we must actively listen, validate their concerns and their feelings and earn their trust. In conclusion there is so much to take into consideration regardi ng how we express ourselves and interact with each other as professionals and with our patients.We must always consider cultural differences and be keenly aware of body language. How we communicate with individuals varies greatly and is dependent upon where that person is in their life and at that moment. Physical touch is another form of communication and again must be assessed dependent on the person. Some patients don’t mind if we touch their hand or shoulder reassuringly, others are bothered by this. I always make an attempt to ask a patient for example if they are crying; can I give you hug?It is so important to maintain open communication but at the same time keep boundaries. It is a gift to be able to care for our patients but it can be difficult to find the right path of communication for each person. In the end we do the best we can, utilizing the tools we’ve been given and making every effort to be authentic, genuine and in the moment. References Cherry, B. , & Jacob, S. R. (2011). Contemporary nursing issues trends and management (5th ed. ). St. Louis, Missouri: Elsevier Mosby.

Thursday, August 29, 2019

Cement Sector in Pakistan

1. INTRODUCTION 2. 1 Objective and Scope The report will present a holistic overview of the industry; current situation, industry structure, critical revenue and cost drivers, exposure of BOP in the sector and its future outlook. 2. 2 Cement Sector of Pakistan The Cement sector of Pakistan has 23 players, operating 29 units, with a total production capacity of 44. 8 million tons, divided into North and South, as follows: North Zone| South Zone| * Punjab and Khyber Pakhtoon Khwa| * Sindh and Baluchistan| * 19 manufacturing units| * 10 manufacturing units| * 80% of rated capacity, i. . 35. 9 million tons| * 20% of total rated capacity, i. e. 8. 9 million tons| The overall capacity utilization of the sector, as per FY-10 dispatches is at 76%. The basic raw materials for cement include limestone (upto 80%), clay (upto 15%) and gypsum (5%), all of which are abundant in Pakistan making basic raw material very cheaply available to cement manufacturers. None of the cement producers in Pakist an enjoys any material product differentiation because of the highly standardized nature of product therefore consumers usually regard ‘price’ as a key determinant. Major constituents of the cost are energy & power – over 60% of cost of production of cement – and transportation costs. In addition to these elements efficiency of production process is critical in keeping the overall cost structure competitive. In this regard, size of the plant, its age, and origin – European or Chinese – are of importance. Until recent years, almost all the plants operating in the country were based on furnace oil, but the increasing furnace oil prices forced the cement industry to switch over to Coal-powered/dual-fuel plants. However, the price of coal has shown significant volatility over the recent periods therefore, some producers, having dual-fuel plants, use a mixture of coal and gas, alternating between the two as per changes in prices and availability. 2. 3 Cement Sales during FY-10 Compared To FY-09 Source: All Pakistan Cement Manufacturers’ Association As per All Pakistan Cement Manufacturer’s Association (APCMA), the cement sales in FY-10 totaled 34. 20 million tons, registering a decent Year-on-Year (YoY) growth of 9. 30% compared to 31. 29 million tons in FY-09. The local dispatches remained at 23. 54 million tons, up YoY 14. 63% compared to 20. 53 million tons in FY-09 whereas export sales in FY-10 remained almost flat with a minor decline at 10. 66 million tons, down YoY 0. 89% compared to 10. 75 million tons in the previous year. As shown in the table, the local sales were the primary driver behind the growth. It is pertinent to note that the growth on the local front was mainly private-sector driven rather than Government’s infrastructure spending, showing signs of recovery in the construction sector. 2. INDUSTRY STRUCTURE 3. 4 Industry Characteristics Cement industry is highly cyclical in nature and its performance depends largely upon the economic growth of the country. There is a high degree of correlation between the GDP growth and the growth in local cement consumption. Source: State Bank of Pakistan & All Pakistan Cement Manufacturers’ Association Cement exports depend largely upon the demand/supply situation, price levels and economic situation in the export regions. Cement, being a voluminous product, is a regional commodity. 3. 5 Critical Factors The cyclical nature of the sector along with excess supply situation, whenever it persists, makes cement price a very critical factor. Some level of industry ‘co-opetition’, i. e. cooperative competition, is evident in cement industries globally such as consensual pricing. In the absence of such an arrangement, along with a supply glut, cement industries have witnessed intense price wars. * Power & Energy costs c onstitute over 60% – 65% of the total cost of cement production. Therefore, smart inventory management of coal, along with hedging techniques etc. lead to significant savings in energy costs. * Plants closer to the port have cheaper access to exports and can maintain higher profit margins. Therefore, distance to port is an important consideration. * Leverage, both financial and operating, is a major concern owing to the price-sensitivity of the sector. Pakistan’s cement sector is highly leveraged. Cautious capital structure management and utilization of relaxations / incentives provided by the government, whenever possible, such as Export Refinance facility offered by the State Bank of Pakistan, create a significant difference. . 6 Industry Concentration Concentration refers to the number of major competitors in a given industry. This has important implications for the inherent profitability of a sector. We have applied the Eight-Firm concentration ratio to determine c oncentration in the cement sector. Concentration ratios can generally be categorized into low, medium, and high concentration being 0% – 50%, 50% – 80% and 80% and above, respectively. An eight-firm concentration ratio over 90% is a good indication of oligopoly, i. e. an industry dominated by a small number of sellers. Based on FY10 market shares, the Eight-Firm concentration ratio in cement sector is 80% which show clear signs of high industry concentration. Therefore, cement sector has an oligopolistic structure. However, given the excess capacity situation cement industry has been behaving like a ‘low concentration industry’ from time to time such as the intense price war in the recent past, spanning nearly a year, with participants vying for higher volumes. 3. 7 Market Share The following pie-charts show the local, export and total market shares of top 8 players in the sector for FY-10. The charts show that D. G. Khan Cement is the leading player in the local market (17% market share) closely followed by Bestway (16. 7%) and Lucky Cement (13. 3%). In the export market, Lucky cement leads with its roaring 32. 8% share, followed by D. G. Khan and Bestway cement’s 9. 3% share each. Overall, Lucky Cement appears to hold the highest market share (19. 4%), followed by D. G. Khan (14. 6%) and Bestway (14. 4%). Maple Leaf Cement ranks fourth in all three categories with 9%, 11. 1% and 9. 7% market share in the local, export and overall market. Source: Fortune Securities . SECTOR OVERVIEW – FY10 Cement Sector in FY-10 witnessed low prices, rising energy costs, slowdown in construction activities locally and regionally and a large amount of new supply availability in regional markets resulting in drying out of certain lucrative export avenues especially the Middle East. However, exports to African countries, Iraq, Sri Lanka etc. mitigated the effect and exports remained flat at 10. 66 million tones (YoY down 0. 89%). As expected by market participants and analysts local sales picked up to close the year at 24. 53 million tons (YoY up 14. 63%). Overall, the sector closed the year at 34. 20 million tones, registering a decent YoY increase of 9. 30%. Cement prices and energy costs remained the key issues in FY-10. Since the dismantling of the alleged cement cartel, after Competition Commission of Pakistan imposed a fine in the colossal sum of Rs. 6. 35 billion on 20 cement manufacturers (equivalent to 7. 5pc of each company’s FY08 net revenue), in August 2009, cement prices plunged and went down to Rs. 249/bag in North and Rs. 280/bag in the South zone, compared to Rs. 335/bag and Rs. 370/bag in FY09 in North and South, respectively. CCP’s decision has been challenged by the cement manufacturers on a number of grounds in the Lahore High Court, the Sindh High Court and the Supreme Court of Pakistan. In all these cases stay orders have been granted by the Courts and the matter awaits court’s verdict. Given the increased overall supply in the regional markets, the cement export price hovered around $47-$52 per tone, compared to average export price of $60-$62 in FY09. On the other hand, energy costs remained on the rising trend and coal prices averaged around $88 (FoB) per ton compared to 2nd half FY-09 average of $70. Australian (Newcastle) coal price made its 18-month high of $108 (FOB) per ton on April 27, 2010, after making a low of around $61 (FoB) per ton in Mar-09 last year. Thus, as a result of subdued prices and increasing energy costs a sub-breakeven scenario prevailed in the industry for the most part of FY-10. In 9 months FY10, cement companies posted cumulative losses of Rs. 3. 3 billion compared to profits of Rs. 3. 7 billion in the corresponding period last year, YoY down 189%. Cement prices hiked by Rs. 40 per bag in North in June 2010. With no price moves in South – a region that was already enjoying higher prices due to lower intensity of price war largely for its geographical advantages – prices in the two regions finally came at par. FY-10 also saw the announcement of 35% inland freight subsidy, during March 2010, on cement exports. It is likely to make Pakistan’s cement exports more competitive in the regional market, as cement manufacturers will be able to reduce their export prices by almost 10% going forward, if needed, without hurting their margins. However, the government needs to make timely payments to the manufacturers for the subsidy to be of much use. Source: Invisor Securities Source: Federal Bureau of Statistics & Invisor Securities 4. SECTOR OUTLOOK 5. 8 Local market * Short Term Cement prices have risen by Rs. 24 per bag since the beginning of ongoing financial year to Rs. 312 and Rs. 325 per bag in North and South, respectively. This bodes substantially well for the sector after bleeding profusely in a price war and indicates a price consensus among the manufacturers. Also, we believe there is limited appetite for price wars going forward especially as seasonal 1Q demand slowdown kicks in (Monsoons, floods, Ramadan etc. ). The recent floods have severely affected the roads and the distribution network which will inevitably hurt the local cement sales as well as export sales to some extent. We expect cement demand from local market to remain subdued during first half of FY11, due to monsoons, flood related issues, slowdown in construction during winters etc. , and start picking up from 3Q FY-11, in the wake of reconstruction activities. Overall, we expect local dispatches to remain flat during FY-11 and believe that the real impact of the increased demand from reconstruction activities will materialize during FY-12. We believe the cement prices have hit the ceiling for now and do not expect further increase in them and expect the recent price hikes to sustain for a relatively longer time than the one-step ahead, two steps back situation that prevailed throughout FY-10. Going forward, Fauji Cement’s capacity expansion, due in FY-11, of 2. 27 million tons, would create downward pressure on utilization levels. However, we expect capacity utilization levels to remain between 70% to 75% range. * Medium to Long Term We have a positive outlook for the local market on a medium to long-term basis. The rehabilitation work along with construction of dams will boost demand and possibly push prices upwards as cement manufacturers operate on higher and higher capacity utilization levels. Construction of dams seems inevitable given the power crisis and the recent flood. The Council of Common Interests (CCI) unanimously approved the construction of Diamer Bhasha dam on July 18, 2010, leading the way for the release of funds from the Asian Development Bank (ADB). The projected timeline for completion is stated till the end of 2019. Manufacturers estimate a total requirement of 9. 0 to 11. million tons cement for the project with annual demand in between 1. 0 to 1. 5 mn tons. While all northern manufacturers would directly or indirectly benefit from the project, we believe the big players such as Askari and Bestway would be the key beneficiaries with proximity to the project. 5. 9 Export Market We are pessimistic about the export dispatches during FY-11 owing to i) increased availabili ty of cement in the regional markets, especially after lifting of export ban in Saudi Arabia, ii) slowdown in construction in the Middle East and iii) local transportation problems ensuing from the flood. Therefore, we expect a decline of 10-15% in exports during FY-11. Our export price outlook remains flat around $45, keeping in view the competitive environment in the export market. During FY-10 exports to Qatar, Oman, UAE and Kuwait declined whereas exports to Afghanistan, Djibouti, Sudan, Sri Lanka and other African Countries increased, as shown in the chart. We expect the trend to continue going forward as cement producers penetrate further into the African markets. Source: TDAP 5. FINANCIAL ANALYSIS – CEMENT MAJORS 6. 10 Financial Analysis 6. 11. 1 Liquidity On 9M-FY10 basis, the top-7 cement players face a tight liquidity situation with Current ratio at 0. 71x, Quick ratio at 0. 63x, Cash Ratio at 0. 05x and an Operating Cash Flow ratio at 0. 16x. Among the Top-7, Attock Cement is most liquid with Current ratio at 2. 67x, Quick ratio at 2. 33x, Cash ratio at 0. 66x and Operating Cash Flow ratio at 1. 02x. Overall, the Top-7 Average liquidity ratios show a low ability to settle short-term financial obligations as well as finance additional sales without incurring further debt. 6. 11. 2 Financial Leverage Financial leverage (average) among the top-7 cement players is at 0. 1x, which seems moderate. Bestway, Maple Leaf and Pioneer Cement have financial leverage at 2. 32x, 3. 56x and 1. 64x, respectively, which is high. Lucky and Attock Cement have financial leverage in control, at 0. 35x and 0. 25x, whereas D. G. Khan Cement’s financial leverage stands at 0. 67x. The average Interest Coverage ratio is at 1. 04x, which means, on aver age, the cement players barely have enough earnings to meet their financial charges. Given the high financial leverage and low Interest Cover, we believe cement companies’ ability to take on further financing is highly subdued, with the exception of Lucky and Attock Cement. 6. 1. 3 Asset Utilization We have adjusted the Asset Utilization ratios to reflect the full year (extrapolated) sales by a 4/3 adjustment factor. The resulting ratios, fixed asset turnover at 0. 65x and total assets turnover ratio at 0. 45x, suggesting overall low asset utilization, point towards the capital intensive nature of the industry marred with low capacity utilization levels. Among the top-7 players, Lucky Cement seems to have the most efficient asset utilization with fixed assets turnover at 0. 90x and total assets turnover at 0. 75x levels. Lafarge Pakistan cement’s asset utilization ratios rank lowest among the Top-7, being 0. 3x and 0. 11x on a fixed and total assets turnover basis, res pectively. Lafarge’s extremely low asset utilization levels call for further investigation into the causes. 6. 11. 4 Profitability We have adjusted the Return on Assets (ROA) and Return on Equity (ROE) ratios to reflect the full year (extrapolated) sales by a 4/3 adjustment factor. The resulting ratios suggest moderate gross profitability and basic earnings power, at 21. 26% and 9. 68%, respectively. However the final profitability is extremely low at 0. 03% reflecting the sky-rocketing financial charges. Bestway, Maple Leaf, Lafarge and Pioneer have negative net margins at -6. 7%, -18. 33%, -24. 86% and -14. 38%. Attock Cement appears most profitable during the period under review, with Net margins at 13. 32% followed by Lucky Cement at 12. 02%. Both these players have managed to post decent net profitability partially due to higher retention prices in South, compared to North, and higher export contribution margins. During 9M-FY10, Maple Leaf, Lafarge and Pioneer Cement pos ted negative Basic earnings power at -3. 14%, -13. 94% and -10. 95%, respectively, which points towards the intense price war, especially in North, throughout the period under review. D. G. Khan cement has managed to post a decent EBIT margin, at 16. 91%, however, the financial charges, which amount to Rs. 1. 5 billion for 9M-FY10, have left only 3. 79% in net margin. 6. 11. 5 DuPont Analysis DuPont analysis is an expression which breaks Return on Equity (ROE) into three parts, profit margin, asset turnover and equity multiplier representing, the operating efficiency, asset utilization efficiency and financial leverage, respectively. Our DuPont analysis of the top-7 players suggests that the main reason behind the low industry ROE during the period under review has been low profitability. The price wars during the period under review, along with high financial charges have severely affected the ROE. Asset utilization is not too healthy either, but is moderate. 6. 11. 6 Conclusion Based on our financial analysis, we have a liking for Lucky and Attock Cement and feel that these are safe companies to lend to. D. G. Khan Cement seems to be under stress at the moment due to its current maturity of long-term debts, worth Rs. 4 billion (approx. ), and an O/S Forex loan of US$ 40 million (FY-09 carrying value Rs. 3. 5 bn), payments commencing June, 2011, therefore it is expected to go for re-financing arrangements with banks. However, strong sponsors’ support, good reputation, largest local and 2nd largest total market share, large portfolio of liquid investments worth Rs. 17 billion (approx. ), and Income from investments serve as strong mitigating factors. Bestway, Maple Leaf and Pioneer Cement have financial leverage ratios at 2. 32x, 3. 56x and 1. 64x levels which are certainly not sustainable. The DuPont suggests both profitability and leverage are a cause of concern for these companies. Lafarge Pakistan’s low profitability and poor asset utilization have greatly affected its financial results. Overall, we recommend caution for the above three players.

Wednesday, August 28, 2019

Finance Essay Example | Topics and Well Written Essays - 2250 words - 3

Finance - Essay Example There were already reports of rising default on subprime mortgages that further fuelled quickly thereafter. Such mortgages are usually given to borrowers with below average credit ratings which are mainly due to their higher average risk of evasion in loan repayment. The financial institutions often charge higher interest on subprime mortgages in order to compensate for the risk taken. Thus, as the banks began clear out more loans to home owners, the housing prices rose. The easy accessibility of credit in U.S. in addition to large foreign inflows led to the boom in construction and increased consumer spending that was mostly financed by debt. The falling prices of houses resulted in more homes less worthy than mortgaged loans which provided a financial incentive to financial institution to take possession of mortgaged property when the mortgagor failed redeem loans leading to financial crisis in banking sector (Brunnermeier, pp.78-81). 2- What would a commercial bank's balance sheet have looked like in 1973? What would an investment bank's balance sheet have looked like in 1973? Considering Bear Stearns in 2007, was it closer to a commercial bank or an investment bank? During the period of 1973, the commercial bank operations involved both issuing loans as well as taking deposits. The loans and deposits were shown in the lenders’ balance sheet. On the other hand the investment banking operations involved underwriting activities such as underwriting equity and debt. In addition to underwriting activities, the investment banking operations also included buying and selling of securities. The investment bankers would buy securities such as debt and equities from a syndicate bank and then sell such security to investors. Thus, the investment bank would act like a market maker and their functions were similar to that of a broker or a dealer. Historically, the financial companies could slot in both investment and the commercial banking activities. It was only after the Great Depression Era that the congress realized the intrinsic risk of underwriting securities and hence decided to separate the commercial banking activities from the investment banking activities. Such a step was taken to protect the depositors from the risk of defaulting from underwriting activities. The Congress issued Glass-Steagall Act to separately identify the commercial and investment banking activities of the banks. The distinction between the investment banks and commercial banks narrowed during the mid 80s. In the late 80s, Fed started removing the Glass-Steagall Act that restricted the interference of investment activities from commercial activities. This Act was ratified by the Congress in the year 1999 with passing of Gramm-Leach-Bliley Act. After the issue of this new act many investment and commercial banks were consolidated that resulted into renowned conglomerates like UBS group, Citi group, JP Morgan Chase, and so on. But other exclusive investment banks like Bear Sterns decided not to enter the commercial banking activities and take deposits. 3- Bear Stearns fell quickly. On March 10th, SEC Chairman Christopher Cox described Bear as being "well-capitalized". Do you agree with this assessment? Why or why not? Bear Sterns & Co. also known as Bear was the fifth-largest investment bank

A Framework for the Management of Oil Spillage Risks in Oil Dissertation

A Framework for the Management of Oil Spillage Risks in Oil Exploration Programmes - Dissertation Example A researcher needs to understand the various assumptions underlying the different techniques and must have an idea to differentiate procedures as per the problem in the research study. Thus, choice of research methods based on the research problem forms a significant part of research methodology. The experimentation done to test hypothesis and discover new relationships must be based on a scientific method. The results drawn are then criticized. So a researcher must pay proper attention while developing the design of the research work and at the end must state probable inferences as a part of the study undertaken. The basic postulates on which the scientific method to be used is based on are- †¢ The method relies on empirical evidence. †¢ The method utilizes relevant concepts †¢ The study is committed to objective consideration only. †¢ The method of study aims at making adequate and correct statements about the population objects. †¢ The methods results into probabilistic predictions. †¢ The method is concerned for critical scrutiny for testing the conclusions derived. †¢ The method aims at formulating the general axioms or the scientific theories. Research Methodology can be conducted on the basis of three types of research format, such as, exploratory research, descriptive research and casual research. Introduction about Angola While discussing about research methodology, it is utterly relevant to state that the entire process was conducted using primary research. For the purpose of conducting the primary research, the researcher had to make a physical visit the location of Angola. For the purpose of better understanding of the criticality and relevant importance of the research methodology of the project, considerable amount of information about the nation of Angola and its various economic activities has to be discussed. Brief Overview: While giving a brief overview of Angola, it has to be mentioned that the country is lo cated in the South African west coast. The nation is comprised of around 18 provinces and the capital of Angola is Luanda. The nation is bordered by the South Atlantic Ocean for a coast area of around 1,650 km (Angola.org -1, n.d.). Talking about the geographical expanse of the region, the total size of the region is around twice the size of Texas. Discussing about the population strength of the nation, it has to be highlighted that as of the year 2013, the population count stood at over 18, 500,000. It is to be noted that the amount of population in the year 2011 in the urban areas of the nation comprised of around over 59% of the entire population (Cia.gov, 2013). The nation of Angola has a bitter political history, which comprised mostly of the 27 year old civil war. The civil war of the nation drew to a close around the year 2002. As of the current times, the nation is ruled by the multiparty presidential regime. The current government of the nation is Republic in nature (Cia.go v, 2013). While talking about the nation, it is crucially important to focus on the economy of the nation. The main driving factor of the economy of this nation is oil. The oil sector comprises of around 90% of the total of the country’s exports. With the gaining of independence in the year 1975, the

Tuesday, August 27, 2019

Automotive Production Levels Research Paper Example | Topics and Well Written Essays - 2000 words

Automotive Production Levels - Research Paper Example It is price which either actually exists in market or market is moving towards it assuming no market impediments or government policies exist to prevent equilibrium to be reached. At equilibrium price, both forces do not have any tendency to change, provided all other things remain same (Abel and Bernanke, 2005). If all the conditions of free market are met, then GM should have been able fetch sales of 2478001 units of vehicles in second quarter. If compared this figure with its last two quarter units sold, there exits a gap of 87000 vehicles in all. Price elasticity of demand is a quantitative measure (coefficient) showing percentage change in the quantity demanded with respect to percentage change in price (Leamer, 2009). Price elasticity for second quarter of 2012 for GM motor is – 0.95. Negative coefficient of price elasticity shows negative relation of price and demand. Categorization is made based on where the elasticity coefficient lies from 0 to 1. Price elasticity of GM being -0.95 refers to inelastic demand. It refers; only large proportionate change in price can bring small proportionate change in demand which results in steeper demand curve. This kind of elasticity is usually for products that are considered necessities and importance of vehicle has no question in every aspect from business to personal lives. Since it has inelastic demand and there lies a gap between equilibrium price and average unit price of about $ 4000.00 i.e. 19,558 - 15,527 respectively, management can increase profitability by increasing it price that will finally benefit its total revenue which is going negative. If calculated elasticity is considered to be of another brand say A than comparison would guide the future strategy. For instance, if competitor’s brand A increases prices by the differential discussed in previous question, then there is little chance that its customers would switch to ours due to inelastic demand.

Monday, August 26, 2019

Space (Digital) and Place (Physical) Coursework Example | Topics and Well Written Essays - 750 words

Space (Digital) and Place (Physical) - Coursework Example In the older days companies tried to market themselves and used several medium that range from radio, personal selling, and direct mail among others (Kurtz, 2008). In the new economy, companies must adopt strategies that are advantageous. This makes digital presence important for each and every organization. Digital presence is seen as the application of the digital platform by an organization in its business strategy (Mullins & Walker, 2010). The digital platform involves the use of web based applications in the delivery of goods and services. The internet and the World Wide Web have been used extensively by companies as mediums of digital presence. Companies have set up their websites and these are being used to sell goods and services both nationally and globally (Hanzaee, Behbound, & Ardakani, 2011). This brings us to the importance of digital presence for any organization which is: the syndication of information, the increasing returns to scale of network products, ability to cu stomize and personalize market offerings, ability to disinter mediate distribution, global reach, round the clock access and the possibility of instantaneous delivery (Mullins & Walker, 2010). ... Physical presence helps organizations in the delivery of goods and service to the market. Whereas digital presence is seen as important in the twenty first century because of the techno savvy generation, physical presence is still important especially to the local market and to those people who do not have access to the internet (Kurtz, 2008). A few strategic steps must be taken to ensure a company is located at the right place that is safe, friendly and accessible to the target market. The strategic positioning must follow the process of marketing that is concerned with socialization providing the needed activities in order that the customers and the organization get what they want and when they want it to facilitate an effective exchange process (Mullins & Walker, 2010). There are many implications for companies planning to maintain digital presence or physical presence. Digital presence means that a company must invest in technology especially web based technologies and mobile tel ephony platforms that will enable them to reach their customers and their customers to reach them (Simms, 2007). Vats amount of resources may be required in infrastructure in order to reach targeted populations. Financial resources will also be required to facilitate the entire process. The company must also involve itself in the provision of information to its customers informing them of the move to the online platform and these require a lot investment in advertising and promotional content (Simms, 2007). Many companies especially in the 20th century began with the physical presence before venturing onto the online platform. In the 21st century companies do not necessarily have to set up a physical presence before moving to the

Sunday, August 25, 2019

The Cost-Benefit of Well Employees Essay Example | Topics and Well Written Essays - 1250 words

The Cost-Benefit of Well Employees - Essay Example Indeed, the recommendations are pertinent and plausible although some are quite difficult to get implemented. It is essential for strategic planners of a business enterprise to reduce its long run health care costs and per employee expenditures by ensuring hygienic, safe, nutritious and secure food stuff at canteens and organization’s cafeterias. Although, the short-run costs would be high since employers have to make huge investments and to subsidize these products to make them affordable for employees. Yet, it is worthwhile to mention that it would reduce total organizational health budgets and number of disease affected employees while simultaneously result in higher productivity and efficiency. However, workers suffering from inherited, sexually transmitted or other diseases (including Aids, Cancer, Tuberculosis, Hepatitis, Brain Tumor, Kidney problem, diabetes etc) are excluded from this list as they need cure / medical treatment on regular basis. Firms can take a mandatory comprehensive medical test to prevent their entrance. The second recommendation would be quite useful as i t would help creating a safe and healthy working environment that would be beneficial for all employees. Quite unequivocally, addiction to detrimental smoking habit is attributable to aggressive persuasive advertising by Tobacco companies, which are inclined to reap benefits at the expense of others. It is impossible for addicts or occasional smokers (who are also workers) to completely get rid of Smoking. Similarly, companies may also not influence their employees to give up smoking even after conducting inter-organizational campaigns, personality development, training and health hazards programs. Hence, at least they could force workers to kick the habit outside the workplaces, thereby also hampering non0smokers from getting interested in Smoking. Without any doubt, Health is Wealth. A healthy, physically

Saturday, August 24, 2019

Analytical paper Essay Example | Topics and Well Written Essays - 2250 words

Analytical paper - Essay Example ocratic reshaping is proving to be a contradictory, uncertain, and conflict-ridden process, one that has provoked sharp debates both within Bolivia and among observers of Bolivia abroad† (Wolff 3). The problems inside and outside of Bolivia with respect to democratic reforms are certainly not easily definable. Most would also agree a move towards socialism by the current Evo Morales regime is troubling for democratic proponents. Though most would agree that democratic change in Bolivia could be sincerely philanthropic venture by democratic proponents, economic vitalization of Bolivia is usually the anticipated motivation and priority assisting any efforts for ‘changing’ governments, â€Å"†¦creating order is a central task for establishing the foundations of long term economic growth† (North, 1999). It is reasonable then to consider the perceived ‘value’ of Bolivia post-change in light of simple economic potential. The future does not look bright for Bolivian democracy with change as a constant drumbeat from Bolivia’s past. The geography of Bolivia suggests that independence, whether democratic or socialist, is always going to be a matter of dependence upon others. Bolivia is one of two ‘land-locked’ countries in the Western Hemisphere (Paraguay the other) and relies on neighboring countries for exporting its mineral resources (Bolivia’s primary export) throughout the world. This dependence upon neighbors, specifically Brazil, Argentina, Chile, Peru and Paraguay, is more significant than some may think. Bolivia once had access to the sea but lost this territory to Chile in the War of the Pacific in the late 1800’s. Bolivia has suffered poverty and government instability ever since the War of the Pacific. Bolivia’s main obstacle to ‘independence’ is Bolivia’s land-locked juxtaposition. The easiest and cheapest route for one of Bolivia’s chief exports, Bolivian crude oil, is directly through Brazil via a pipeline. Brazil also

Friday, August 23, 2019

One of the Most Innovative Poducts of the Recent Decades Essay

One of the Most Innovative Poducts of the Recent Decades - Essay Example Another strategic resource responsible for 3M’s innovativeness is its strong human resources (Warc News, 2011). The organization is structured in a way that each worker has the dual responsibility of adhering to his/her particular business unit and region as well as being a part of the global 3M network. This global nature of the company’s existence and operations is yet another factor responsible for its success. Hence, employees are encouraged to take on additional roles, move from one region to another and even rotate from one business unit to another (Warc News, 2011). Thus, 3M is flexible in terms of its human resource development and assignment of task roles which further reinforces its culture of thinking out of the box. The company further ensures that change is the only constant element. Hence, trial and error, risk taking and failure are a norm at 3M. This is reinforced by a high degree of employee empowerment such that there is a high tolerance for ambiguity and risk amongst all members. This is combined by the process of reverse thinking that allows workers to schedule their work in a flexible manner, thereby enhancing their motivation to work. However, as much as ad-hoc ideas and brainstorming is encouraged, the company is highly customer-oriented and conducts rigorous, continuous market research in an attempt to continually provide something better and valuable to the customers (Bryson & Rusten, 2008). Hence, at all times the company monitors the pulse of the customer. 2) One of the most innovative products of the recent decades has been the Apple i-phone. The company was able to rack up profits worth millions of dollars despite the global recession. The fundamental reason for it success was its superior design and aesthetic appeal. The phone combined the aspects of beauty and function in a way no other phone has. Hence, the product is labeled as iconic or a pioneer in its type of design and user interface. A significant factor has a lso been Apple’s sheer marketing gimmicks and campaign which was able to capture a large share of mind in its customers. Perhaps, the fact that the product was in the same line as other products in the Apple Family also favored i-phone tremendously (Denning et al., 2010). So customers who own a MAC ( by Apple) and are in search of a mobile phone would find i-phone compelling simply because of the fact that they can synchronize data easily amongst the two. This would allow them to easily transfer, retrieve and store data interchangeably since the two devices share similar technology by the same manufacturer (Apple). Another major reason behind the astounding success of i-phone is the affordability. This simply means that, faced with a choice between a laptop and a mobile phone, consumers with limited money will prefer buying the latter (Curwen & Whalley, 2011). The choice is made easier with the inclusion of software and various applications on i-phone that allow its users to obtain similar interface as that of a laptop. Perhaps, one of the distinguishing features of i-phone was its state of the art integration of internet services that were technically unmatched with its competitors. Furthermore, the time when i-phone was launched is a critical factor behind its success. i-phone was released at a time when social networking had begun operations and people all over the world were enthusiastic about using the new web platform for which i-phone provided an excellent connection (Denning et

Thursday, August 22, 2019

Grade school book report Essay Example for Free

Grade school book report Essay Tom Sawyer The young protagonist of the novel. Living with his aunt St. Petersburg, Missouri, Tom has a penchant for adventure and showing off. Constantly getting into mischief, he plays hooky from school and would rather go swimming than tend to his Sunday school lessons. Blessed with an active imagination, Tom dreams to be a noble robber such as Robin Hood or a pirate. Hungry for attention, Tom is obsessed with appearing noble and obtaining the envy of his peers. However, Tom is extremely clever and possesses an incredible insight on human nature. Throughout the novel, Tom must learn to listen to his conscience and become accountable for his actions. Huckleberry Finn The towns social pariah. Son of an abusive and drunkard father who left town, Huck has failed to have been raised with any parental guidance or authority figures. Because he can smoke a pipe and never has to attend church or school, he is the envy of every schoolboy and the nightmare of every mother in town. Huck and Tom often have adventures and both believe in various superstitions. Although disregarded by the sociables, Huck possesses a kind spirit and consideration for others. Aunt Polly Toms somewhat elderly aunt and guardian. Religious, simple-mannered, and kind-hearted, Aunt Polly is respected among the citizens of St. Petersburg. Responsible for Toms discipline and upbringing, Aunt Polly is constantly torn between expressing her exasperation and showing her lover for Tom. Every time he causes trouble, another hair on her head turns gray; she often wishes Tom would behave properly like his brother, Sid. Sid Sawyer Toms younger half-brother. Always trying to tattle on Tom, Sid keeps a close on eye his brothers wrongdoings. A goody-two-shoes, he is a punctual and studious pupil. Mary Toms older cousin who resides with Aunt Polly. Mary is depicted as a sweet and good-hearted young lady who sees the good qualities in Toms character. Religious and pious, Mary was an exceptional student  ¬ the opposite of Tom. Becky Thatcher The daughter of Judge Thatcher. Becky is Toms age and has recently moved into town. Prim and proper, Becky is the opposite of Tom: she has never been in trouble and is used to obeying her mothers words. With blonde hair and dressy frocks, she quickly wins Toms affection and attention. Injun Joe The antagonist of the novel. Guilty of several murders, Injun Joe possess a violent temperament is set on seeking revenge on those who have treated him harshly in the past. He attempts to frame Muff Potter for one of his own crimes and is pursued by the village authorities. Muff Potter The town drunk who is framed for the murder of Dr. Robinson. Although his kind nature and drunken state make him harmless, Potter is persecuted by the entire town that believes that he is a murderer. Mr. Jones/Old Welshman The old Welshman who lives with his two strong sons in the vicinity of Widow Douglass house. With Hucks help, the Welshman is able to come to the widows aide. Widow Douglas A rich, upper-class widow. With a kind spirit and a devotion to the Christian faith, the widow Douglas is known for her open hospitality and good nature. She also appears as a major character in Twains The Adventures of Huckleberry Finn. Dr. Robinson The young doctor, guilty of grave robbing, whose murder instigates the chaotic happenings in St. Petersburg. Joe Harper Toms bosom friend. One of Toms gang of pirates, Joe accompanies Tom on some of his adventures. Mrs. Harper Joes mother Amy Lawrence Tom Sawyers former girlfriend, whom he occasionally flirts with and was previously engaged to. Minor Characters: Judge Thatcher Beckys father. A proud and well-respected man of justice, whose family has recently moved into town. Mrs. Thatcher Beckys mother, wife of the Judge. Alfred Temple A well-dressed boy whom Tom thinks is snobby. Alfred also vies for Becky Thatchers attention. Mr. Dobbins The schoolmaster. Hated by all the children, Mr. Dobbins is depicted as a stern and pathetic man who uses lashings as a method of discipline. Mr. Walter The Sunday School Superintendent who issues Bibles to the top students. Mr. Sprague The long-winded minister. Ben Rogers A young boy who is Toms friend. Setting The Adventures of Tom Sawyer is set in the town of St. Petersburg, Missouri, some time around the middle of the nineteenth century Biography of the Author Born on November 30, 1835, in Florida, Missouri, Samuel L. Clemens wrote under the pen name Mark Twain and went on to pen several novels, including two major classics of American literature, The Adventures of Tom Sawyer and Adventures of Huckleberry Finn. He was also a riverboat pilot, journalist, lecturer, entrepreneur and inventor. Twain died in Redding, Connecticut on April 21, 1910, having survived his children Langdon, Susan and Jean as well as his wife, Olivia. In his lifetime, he became a distinguished member of the literati, and was honored by Yale, the University of Missouri, and Oxford with literary degrees. Conflict Man vs. man Tom and Huck perceive their biggest struggle to be between themselves and Injun Joe, whose gold they want and whom they believe is out to kill them. Conflict also exists between Tom and his imaginative world and the expectations and rules of adult society. Moral of the Story Moral and Social Maturity When the novel opens, Tom is engaged in and often the organizer of childhood pranks and make-believe games. As the novel progresses, these initially consequence-free childish games take on more and more gravity. Tom leads himself, Joe Harper, Huck, and, in the cave, Becky Thatcher into increasingly dangerous situations. He also finds himself in tight spots in which he must put his concern for others above his concern for himself, such as when he takes Becky’s punishment and when he testifies at Injun Joe’s trial. As Tom begins to take initiative to help others instead of himself, he shows his increasing maturity, competence, and moral integrity. Tom’s adventures to Jackson’s Island and McDougal’s Cave take him away from society. These symbolic removals help to prepare him to return to the village with a new, more adult outlook on his relationship to the community. Though early on Tom looks up to Huck as much older and wiser, by the end of the novel, Tom’s maturity has surpassed Huck’s. Tom’s personal growth is evident in his insistence, in the face of Huck’s desire to flee all social constraints, that Huck stay with the Widow Douglas and become civilized. Point of View Third Person (Omniscient) the narrator does not participate in the action of the story as one of the characters, but lets us know exactly how the characters feel. As a narrator, Twain cannot only see what his characters are seeing and thinking, but he is able to channel their personalities.

Wednesday, August 21, 2019

Cloud Database Essay Example for Free

Cloud Database Essay Introduction: The cloud computing is the next generation of the computing, its advantages, advancements and research are a plenty. In recent years, the term â€Å"cloud computing† has been critical in the world of IT. Cloud computing, or the use of internet-based technologies to conduct business, is recognized as an important area for IT innovation and investment (Armbrust et al. , 2010; Goscinski and Brock, 2010; Tuncay, 2010). Cloud computing has spread out through the main areas related to information systems (IS) and technologies, such as operating systems, application software, and technological solutions for firms (Armbrust et al., 2010). The promise of cloud computing is to deliver all the functionality of existing information technology services even as it dramatically reduces the upfront costs of computing that deter many organizations from deploying many cutting-edge IT services (J.Staten, 2009). Cloud computing represents a convergence of two major trends in information technology — (a) IT efficiency, whereby the power of modern computers is utilized more efficiently through highly scalable hardware and software resources and (b) business agility, whereby IT can be used as a competitive tool through rapid deployment, parallel batch processing, use of compute-intensive business analytics and mobile interactive applications that respond in real time to user requirements (W.Kim, 2009). The impetus for change right now is seen predominantly from a costs perspective, as organizations increasingly discover that their substantial capital investments in information technology are often grossly underutilized (Sean Marston et al., 2010). Although there have been many recent publications that discuss various features, opportunities and issues related to Cloud services ([Jane Anderson et al., 2010], [Sam Goundar et al., 2011]), but only few scholars have attempted to explain the factors for adoption of cloud database ([Chinyao Low et al., 2011]). Related studies have looked at Strategic research model for Enterprise Information Planning adoption with Technology, Organization and Environment as moderators (Liu hongjun et al., 2010). The gap in this research is that both TOE and TAM model are not being looked as one model explaining Cloud database adoption. This study investigates the cloud database acceptance by combining the work done by (Chinyao Low et al., 2011) pertaining to Understanding the determinants of cloud computing adoption and (Liu hongjun et al., 2010) pertaining to Strategy Research of Enterprise Information Planning based on TOE-TAM model. Also this study discusses about the key advantages and challenges faced by implementing Cloud database. As the cloud services are increasingly expanding through research and development. This study will be constructive to the cloud service development and growth. Literature Review: Nevertheless, the Technology Acceptance Model (TAM) provides one of the most parsimonious, yet robust, models in explaining Information and Communication Technology characteristics and their effects on consumer adoption/use of new ICTs (Kenneth C.C. Yang, 2005). Internet is a product of Information Technology; as such Internet Cloud services should be explained as a part of Technology Acceptance Model (Davis 1989; Davis et al. 1989). TAM is a parsimonious and theoretically justified model intended to explain information technology adoption (van der Heijden, 2003). TAM has two main keywords which are user’s adoption intention and actual usage. The user adoption intention is called as â€Å"Perceived usefulness†, which is defined as â€Å"the degree to which a person believes using a particular system would enhance his or her job performance† (van der Heijden, 2003). The actual usage is called as â€Å"perceived-ease-of-use†, which is defined as â€Å"the degree of to which a person believes that using a particular system would be free of effort† (van der Heijden, 2003). TAM theorizes that perceived ease of use and perceived usefulness affect the consumer adoption decisions (Venkatesh and Davis, 2000). Organization will have influence on new technology acceptance from three aspects: T (tech), O (organization) and E (environment). The tech includes existing technology of an enterprise and technology which has not been introduced on the market. Organization generally refers to the scope and scale of an enterprise, including management structure characteristics, and human resource status. Environment is also called regulation on industry and transactions with partners, competitors and government. TOE model is highly systematic, widely used to analyze influence factors of information technology adoption in different fields in recent years. Several studies (Chau and Tam, 1997; Chong and Ooi, 2008; Kuan and Chau, 2001; Lin and Lin, 2008; Oliveira and Martins, 2010; Pan and Jang, 2008; Shirish and Teo, 2010; Zhu et al., 2004) have been credited with proposing the TOE framework, developed by Tornatzky and Fleischer (1990), to analyse IT adoption by firms. The TOE framework identifies three context groups: technological, organizational, and environmental. The technological context refers to internal and external technologies applicable to the firm. Organisational context refers to several indexes regarding the origination, such as firm size and scope, centralisation, formalization, and complexity of managerial structure and the quality of human resources. Environmental context refers to a firm’s industry, competitors and government policy or intention. The TOE framework is consistent with Rogers’ (1983) theory of innovation diffusion (Pan and Jang, 2008; Shirish and Teo, 2010; Wang et al., 2010), which recognizes the following five technological characteristics as precedents for any adoption decision: relative advantage, complexity, compatibility, observability, and trial ability. Therefore, the TOE framework explains the adoption of innovation and a considerable number of empirical studies have focused on various IS doma ins. Swanson (1995) contended that adoption of complex IT innovations requires an advantageous technology portfolio, organizational structure, and environmental strategy. Chau and Tam(1997) adopted the TOE framework and explained three factors that affect the adoption of open systems. These factors are the characteristics of the innovation, organizational technology, and external environment. Kuan and Chau (2001) confirmed the utility of the TOE framework adopting complex IS innovations. Several studies are grounded in the TOE framework for assessing the value of e-business at the firm level (Lin and Lin, 2008; Oliveira and Martins, 2010; Zhu et al., 2004). They found that technological readiness (the significant factor), financial resources, global scope, and regulatory environment contribute strongly to e-business value. Hong and Zhu (2006) considered the TOE framework in the adoption of e-commerce and the identification of new factors that fit the characteristics of type III innovation. Shirish and Teo (2010) demonstrated the impact of information and communication technology (ICT) on the TOE framework and suggested that policy makers should consider measures to enhance development of e-government and e-business collectively. Pan and Jang (2008) examined the factors within the TOE framework that affect the decision to adopt ERP in Taiwan’s communications industry. Chong and Ooi (2008) utilised the TOE model empirically to examine the factors that affect the adoption of the RosettaNet standard. Conceptual Model: The foundation of theoretical model consists of TAM and TOE model. During the last two decades, Technology Acceptance Model (Davis 1989; Davis et al. 1989) has emerged as a powerful explanation to account for the influence of technology acceptance behaviors in a wide variety of IT. This study focuses on positive effect of Technology, Organization and Environment on the Technology Acceptance Model among high-tech Industries. Few previous studies, if any, have focused on the adoption and acceptance of cloud database. Nor did previous studies examine the effect of TOE and TAM for the acceptance of cloud database. Research Model: Based on our theoretical proposition that relates TOE (Technology, Organization and Environment and Technology) and Technology Acceptance Model (TAM) a research model (Figure 2) has been developed and propose six hypotheses grounded in the cloud database context. Technology Acceptance Model and Cloud Database: A cloud database is a part of Information Technology; as such the intention to use the cloud database should be explained in part of Technology Acceptance Model (TAM). This model has been used in number of research and numerous empirical results show that TAM is a parsimonious and robust model (Gefen and Straub, 2000). According to TAM, the intention to use a new technology is affected by 1.Perceived usefulness (PU) and 2.Perceived ease of use (PEOU). PU is defined as a belief that using a technology will enhance a person’s job performance, while PEOU is defined as the degree to which a person believes that using an IT will be free of effort. TAM has been discussed in great detail by (Gefen and Straub 2000; Venkatesh and Davis 2000). As shown in previous research (Gefen et al. 2000), this study hypothesize that paths predicted by TAM apply also to internet cloud service usage. As in previous TAM studies, the underlying logic are users react rationally when select an Information Technology to work on. The more useful and easy to use is the internet Cloud service in enabling the users to accomplish their tasks, the more it will be used: H1: PEOU will positively affect PU of an internet Cloud service. H2: PU will positively affect intended use of an internet Cloud service. H3: PEOU will positively affect intended use of an internet Cloud service.

Identification of unknown soil bacteria

Identification of unknown soil bacteria INTRODUCTION Microorganisms play an extremely important role in soil ecology. Soil bacteria break down organic matter into simpler compounds (Clark). Bacteria in the soil play important roles in different biochemical cycles such as the carbon cycle (Clark). Decomposition is another important role that different bacteria take part in. Without bacteria the ecology of soil would be completely disrupted. The nutrient requirements that different bacteria need to survive decide where each bacteria can be found. Agricultural soil would have a completely different array of microorganisms then soil found in a forest would have. Different conditions such as moisture, nitrogen, oxygen and carbon dioxide levels, temperature and pH of the soil will all determine which types of bacteria will live in thrive in agricultural and forest soil. The objective of this experiment was to try to isolate and identify one specific soil bacteria from either forest or agricultural soil. The bacteria in this report was isolat ed from agricultural soil and using the morphology of the individual cells and colony along the types of chemicals that would react with the bacteria along with what type of extremes the bacteria could survive in the bacteria was identified. METHODS Starting from an original one gram sample of agricultural soil a 10-2 dilution was created and used to create a Tryptic Soy Agar (TSA) streak plate (Robertson and Egger 2010). The cultures that arose from the streak plate were observed and the morphology of a specific colony was described and recorded (Egger 2010). A subculture was created from one colony on a new TSA streak plate. A gram stain was prepared using the original colony of soil bacteria and whether it was gram negative or gram positive was recorded (Robertson and Egger 2010). Using the new subculture several biochemical tests were performed. A single line of bacteria was streaked onto a starch agar plate and after incubation drops of iodine were added to the culture and if starch is hydrolyzed a color change occurred, results were recorded (Robertson and Egger 2010). On a Sulfide, Indole, and Motility (SIM) deep the bacteria isolate was stabbed into the tube  ¾ of the way down (Robertson and Egger 2010). After incubati on the deep was observed for movement away from the original line and three drops of Kovacs Reagent was added to see if a color change occurred (Robertson and Egger 2010). The results of the motility and H2S reduction tests were recorded. The bacteria isolate was also mixed in a peptone broth tube and after incubation a drop of Nesslers reagent and the loop of broth solution were mixed in a spot plate and the results were recorded (Robertson and Egger 2010). A loop of bacteria was put into ammonium sulfate and nitrite broth tubes. In a spot plate on loop of the ammonium sulfate broth was mixed with 1 drop of Nesslers reagent and another loop was mixed with three drops of Trommsdorfs reagent and a drop of dilute H2SO4 (Robertson and Egger 2010). Also in the spot plate the nitrite broth was tested with Trommsdorfs reagent and dilute H2SO4 as well as with concentrated H2SO4 and phenylamine (Robertson and Egger 2010). The results for the four tests were recorded. To test for denitrifica tion reagents A and B were added to the nitrate broth tube with the unknown bacteria and the color change of the tube was recorded (Robertson and Egger 2010). The unknown isolate was inoculated in a tube of thioglycollate medium and after incubation any growth in the tube was noted and recorded (Robertson and Egger 2010). To test the bacteria for catalase and oxidase bacteria was streaked on a TSA plate and after incubation drops of 3% hydrogen peroxide was put on one end of the streak and the formation or lack of bubbles was recorded for catalase, and oxidase was tested on the opposite end of the streak and the results were noted (Robertson and Egger 2010). To test what temperature the unknown bacteria grow best at 4 TSA plates were streaked with the bacteria and each plate was incubated at a different temperature, after incubation any growth on the plates was recorded (Robertson and Egger 2010). To test the optimal pH for the bacteria to grow the bacteria was inoculated into tubes that were each at a different pH (pH 3, 5, 7, 9) after incubation the pH that the bacteria grew the best in was recorded (Robertson and Egger 2010). TSA plates were also streaked with the unknown bacteria to test in what amount of sodium chloride it could grow in, plates with concentrations of 0,0.5, 2 and 5% sodium chloride were used any growth was recorded (Robertson and Egger 2010). RESULTS The unknown bacterium is rod shaped and gram positive and the colony formed is a raised white circle (Table 1). Tests showed that the bacterium was positive for ammonification and denitrification from NO3- to NO2- (Table 1). Catalase and oxidase test also were positive for this bacteria (Table 1). The bacterium is also a facultative anaerobe (Table 1). Table 1 also shows that the unknown bacterium does not exhibit motility. The unknown bacteria was found to hydrolyze starch, but was negative for reducing H2S (Table 1). The unknown bacterium also does not exhibit nitrification (Table 1). The optimal temperature of the unknown bacteria was found to be about 37 °C and had an optimal pH of 5 its optimal salt concentrations was also found to be at 0-0.5% sodium chloride (Table 1). DISCUSSION The soil bacteria key created by KN Egger (2010) was used to identify what family the unknown bacteria belongs to. The closest match that could be found using the Common Soil Bacteria Key was Actinomyces. A match could not be made to a genus. Actinomyce are a Gram positive, rod shaped family. Actinomyces are not found to reduce H2S or have significant motility. From the results in Table 1 we can conclude that the bacterium is a mesophile as well as an acidophile. We can also conclude from Table 1 that the bacterium is osmotolerant and a facultative anaerobe. Many different tests could have been used to further help identify the bacterial isolate; the most accurate tests would have been to test the DNA or nucleic acids of the bacteria. Many different biochemical tests could have been used such as lactose and glucose. No test result can be considered completely accurate the bacteria could have been contaminated as well as not every bacteria colony will behave exactly the same. It is ex tremely hard to classify a specific bacterium without several more tests to safely conclude that it belongs in the chosen group Actinomyces. REFERENCES Clark, FE. 1951. Bacteria in the Soil. Cellular and Molecular Life Sciences. 7:78-80. Egger, KN. 2010. Common Soil Bacteria Key. UNBC Robertson, S and Egger, K. 2010. BIOL 203 Microbiology Laboratory Manual. UNBC.

Tuesday, August 20, 2019

Charlotte Brontes Jane Eyre: A reconsideration :: Character Analysis, Miss Temple

In Lowood, a great part of Jane's character will be based on the concepts of (in)visibility as well as on the power of the gaze. Talking about Miss Temple, Jane Eyre says that Miss Temple's "language" has: "something which chastened the pleasure of those who looked on her" (Ch. , p.69). Unlike most of Jane's visibilities, Miss Temple 's is a positive visibility that pleases the beholder's eyes. One may say this is because Jane loves this teacher and she is, more likely blinded by her love and admiration for Miss Temple. However, there is a sense of pleasantness associated with the character of Miss Temple. Such claims might be truer in the case of Jane who once goes on to say: "The refreshing meals, the brilliant fire. . . . they glowed in the bright tint of her cheek. (p. 70) After the departure of Miss Temple Jane who now "lost" her "stead" mother and till this moment has never left Lowood is "dawned" by what she calls "another discovery" (p 81): I had undergone a transforming process; that my mind had put off all it had borrowed of Miss Temple †¦. My world had for some years been in Lowood, my experience had been of its rules and systems; now I remember that the real world is wide†¦ (81) The invisibility of Miss Temple has posed an opportunity for Jane's mind eye to transgress the visible (Lowood with all what it meant to Jane) to the invisible (or what she calls the "real world") which, at this very moment, at least, invisible to her as it lies beyond the walls of this institution. It is this unthought-of-invisible that fashions Jane's character in the coming chapters of the novel. It also determines her power of the gaze: That is the way she looks at and feels about the world around her. Jane's new romantic self becomes a corollary of her interest in exploring the invisible that lies beyond the boundaries of Lowood. The new transformed self is also reflected in Jane's forgiveness of her aunt Sarah Reed when she visits her at a latter time. I saw her in a black gown †¦. From the town (85) I looked I saw a woman attired like a well-dressed servant (86) After miss Temple's departure from Lowood, Jane starts thinking ambitiously of knowing what lies beyond the boundaries of Lowood school:

Monday, August 19, 2019

Impact of the Chinese Exclusion Act Essay -- Chinese Immigrants, Americ

Impact of the Chinese Exclusion Act â€Å"Many Chinese immigrants falsely claimed American citizenship during the exclusion era†¦I’ve considered this question†¦ever since I learned that my American last name was different, in spelling and meaning, from my Chinese last name†¦ What’s in a name?† said Karen Lew, a community anchor at the Museum of Chinese in America. She discovered that her ancestors were forced to change their last names during the Chinese Exclusion Act to prevent deportation. Most believe that the Chinese Exclusion Act was a mistake from the American government. The Chinese Exclusion Act had an impact on not only the Chinese, but also most Asians Americans’ lives. In the year of 1848, a significant amount of gold was discovered in Sutter’s Mill. The gold rush not only made Eastern American labors to come to the West, but also caused a large amount of people in China to immigrate over in hopes of a fortune (Tien, Kelly). â€Å"Chinese workers then were willing to take jobs that no one else really wants to do,† stated Munson Kwok, president of the LA chapter of the Chinese American Citizens Alliance (qtd. in Los Angeles Times). As stated in Menlo’s Sun Server, when the American economy became unstable during the Panic of 1873, labors thought that the "working and low-paid" Chinese were receiving more money than they should, therefore reducing the non-Chinese workers’ wages. The Chinese eventually became scapegoats for the economic downfall, and the non-Chinese workers started propaganda against the Chinese, making cartoons and slogans like â€Å"Mark the man who would crush us to the level of the Mongolian slave.â €  Immigration taxes and laundry-operation fees were passed to limit Chinese population (Menlo’s Sun Server). Ultimately, ... .... "Undergraduate Research Journal for the Human Sciences." Undergraduate Research Journal for the Human Sciences. University of Chicago, n.d. Web. 10 Feb. 2014. United States v. Wong Kim Ark. United States Reports 169. Northern District of California. 28 Mar. 1898. United States v. Wong Kim Ark - 169 U.S. 649 (1898). N.p., n.d. Web. 11 Feb. 2014. "UNITED STATES v. WONG KIM ARK." United States v. Wong Kim Ark. The Oyez Project at IIT Chicago-Kent College of Law, n.d. Web. 12 Feb. 2014. Wing, Bob. "Crossing Race and Nationality: The Racial Formation of Asian Americans, 1852-1965." Monthly Review 7 (2005): 1. ELibrary. Web. 12 Feb. 2014. Wong, William. "The Citizenship of Wong Kim Ark." San Francisco Examiner 08 Apr. 1998, Second Edition ed., News sec.: A-19. Print. Yokoi, Iris. "CHINATOWN Exclusion Law's Effect Examined." Los Angeles Times 12 Dec. 1993: n. pag. Print.

Sunday, August 18, 2019

Robert E. Lee Essay -- Biography Biographies Bio essays research paper

Robert E. Lee Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Few episodes in history are more painful to Americans than the Civil War, fought between the North and the South. This biography, Great American Generals - Robert E. Lee, by Ian Hogg, takes the reader through the life of one of the greatest heroes of that war, Robert E. Lee. It is a thorough, in depth record of the life of Lee and begins with a detailed account of his family history and his birth, through his college years, military experience and his work in later life to his death on October 12, 1870. The first few pages set the scene by listing a substantial amount of facts about the names and backgrounds of his parents Harry and Ann and Lee's wife, Mary Custis, with some reference to his father's army career and political life. After Lee's early years, the reader will learn of his schooling at the Military Academy, West Point, followed by his life in the Army before and after the Civil War. The biography ends in the latter pages with an account of his work after his military career came to an end, and finally, with his death after a prolonged period of ill-health, thought to be stress induced.   Ã‚  Ã‚  Ã‚  Ã‚  Author Ian Hogg is a prolific writer in the field of defense and military technology. He is a weapons expert, having written many books on all types of rifles, shotguns and small arms, such as Modern Rifles, Shotguns and Pistols, and Modern Small Arms. He is an acknowledged expert on infantry weapons and is thought to be the world's leading expert on this and artillery strategies. He is a well known author of military history, and works as a weapons evaluator in addition to his writing.   Ã‚  Ã‚  Ã‚  Ã‚  Robert E. Lee was born in Stratford, Virginia on January 19, 1807. His father, Henry Lee, had achieved fame with Washington's army as "Lighthorse Harry,"and it was a fame that rested not only on his cavalry exploits but upon sound strategic and tactical ability. A significant portion of his fame was credited to him for beating off a surprise British attack at Spread Eagle Tavern in January, 1778. Unfortunately Harry was egotistical and had a high opinion of his own abilities. Although he achieved the rank of lieutenant-colonel, he felt that he deserved more. When the war ended and he had not advanced in rank he resigned from the army to pursue a career in politics. Henry decided to run for the position... ...nd the circumstances into which he was born on January 19, 1807, and ends with his death on October 12, 1870.   Ã‚  Ã‚  Ã‚  Ã‚  Hogg relates the intervening years in an extremely interesting fashion, providing many fascinating and detailed pieces of information. The story is presented in a way that keeps the interest of the reader, and is not boring, even when giving statistics of the various campaigns that Lee undertook. The book appeals not just to Lee fans, but to all history students.   Ã‚  Ã‚  Ã‚  Ã‚  The pages are filled with numerous detailed maps, and colorful pictures that enhance the view of Lee and his life. Military students will delight in the descriptions of the war, while students of Lee's character are rewarded by fascinating facts of his and his parent's lives.   Ã‚  Ã‚  Ã‚  Ã‚  Hogg presents this painful episode in America's history in a balanced, non-judgemental way. He portrays Lee as a man of great integrity and honor, a true Southern gentleman, and casts no slurs concerning the fact that Lee was on the losing side of a war in which there were no winners.   Ã‚  Ã‚  Ã‚  Ã‚  This is an exciting and informative book and is one of the more enjoyable books which are required reading for this course.

Saturday, August 17, 2019

Holmes and Watson Essay

Holmes requires Watson for companionship, for company, but more importantly as a sort of bodyguard, someone who will protect him. We have already seen, for example, how Holmes always lets Watson take the gun, for he himself does not want to be directly involved in any sort of violence. Holmes also bounces all of his theories and assumption of Watson, to see what his opinion is in the matter â€Å"What do you make it Watson† He would ask, just to see what Watson thought of the whole situation. Watson is someone who is not as clever or imaginative as Holmes, so he needs to follow Holmes lead, watching what Holmes does. Watson can be seen as the foil of the sword, Holmes being the tip of the sword. You can see that they both need each other to function efficiently, or neither work as well. Watson, although he doesn’t always have an important role in the stories, still has a important role because he is the narrator of the story, which means he is the link which connects us to Holmes world and he is the one who shows us the character of Holmes. At the start of the ‘Speckled Band’, we see the intimacy of these two friends â€Å"I woke one morning to find Sherlock Holmes standing, fully dressed, by the side of my bed. † This scene shows how close the two friends are, and shows that their relationship as one which is very intimate, very close. When Holmes introduces Watson here, he shows us that he regards Watson here as an equal telling Mrs Hudson that â€Å"This is my intimate friend and associate, Dr Watson before whom you can speak as freely as before myself†. Whilst Holmes doesn’t always regard Watson as an equal, perhaps this a time were he does. Watson is sort of a sound board that Holmes can relay his ideas off of, often asking for Watson’s opinion. He does this perhaps so that he can see if Watson does or does not agree with him, or perhaps so that we can here what Holmes makes of it. Another reason why Watson is our link towards Sherlock Holmes, why Watson is so very Important. During the Speckled band Watson is beside Holmes to protect Holmes form danger, in particular Dr Grimsby Roylott. There relationship in all of the stories is pretty similar, with Watson simply observing Holmes’s actions, whilst adding in personal thoughts of his own. Holmes and Watson are a team however, they solve the cases together. Although Holmes will sometimes not always require Watson’s protection, but also even some ideas â€Å"What do you make of that Watson? † Watson for example, during the adventure of ‘The Silver Blaze’ figures out something which Holmes could not see â€Å"The Horse was alone before† discovers Watson as he notices a mans tracks alongside the horses. Whilst Watson can figure out certain things for himself, he like Sergeant Gregory lacks the imagination that Holmes has. This is often why Watson can not see beyond the picture, and therefore cannot discover things as quickly as Holmes. Holmes and Watson used to live as bachelors until Holmes got married in Which shows that their relationship may not of only have grown so intimate during their adventures, but also because the were living together. Also at the start of the ‘Sliver Blaze’ and the ‘Speckled band’, we clearly see just from picturing the seen how close they are. In the ‘speckled band’ Holmes is standing next to Watson’s bed apologising from waking him. In the ‘silver blaze’, they are sitting down together having breakfast with each other. These scenes show that they have a very deep relationship. Watson’s marriage also affects their relationship because it means that they no longer live with each other and therefore may have grown apart. The conclusion of my studies shows that Holmes and Watson are more than simply associate. They have an intimate and deep friendship, which is strengthened through their adventures together. Holmes and Watson work best during the investigations together, combining their different qualities and strengths to help them solve the case. Holmes in the relationship is the more dominant figure, intellectually smarter than Holmes and mainly contributing to the case itself using his powerful powers of observation and imagination. Watson however, is more down to Earth and his role is to assist Holmes by protection (carrying the gun, accompanying Holmes) and being the link between Holmes and us. He is also there perhaps to keep Holmes and check, for when he worries about Holmes smoking. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Arthur Conan Doyle section.

Friday, August 16, 2019

Act I of the Crucible Essay

In reading the overture, before any dialogue takes place, we are given a small glimpse into the world of the Salemites. Miller speaks briefly of the town and the surrounding wilderness. The placement of Salem, surrounded by the impenetrable forest already starts building tension. The simple fact that forest is present prevents escape from Salem and therefore the inhabitants of Salem are unable to physically remove themselves from their problems and conflicts within the community. The forest itself is described as: ‘dark and threatening’, by Miller. This introduces an almost intangible danger and constant threat to the play. This alone will make the Salemites feel trapped; this pressured feeling being reflected throughout the play. More significant is the way in which the forest is said to be: ‘over their shoulders’. This creates a feeling that the inhabitants of Salem are being overshadowed by this great threat. As the play is a battle between light and dark, good and evil, this is particularly meaningful as it shows Salem being overpowered by the darkness. It also adds to the feelings of threat and menace the Salemites feel because it implies an unseen ‘something’ watching them. When viewed in a historical context the forest serves another purpose. At the time of writing McCarthyism was sweeping America. Although more obvious parallels are drawn later in the play I believe the forest represents the looming threat of being accused a communist sympathiser. The audience would empathise with the Salemites through this shared threat; this link would have been used by Miller to give the entire play more impact. Another way in which Miller creates a feeling of tension is through the language used in both stage directions and in the speech of the characters. Miller uses ‘power words’ to create an atmosphere of tension throughout the play. On the first page with speech, page six, words such as: ‘frightened’, ‘trouble’ and ‘fury’. It is evident from the start that Salem is not the perfect pilgrim village it is meant, and used, to be. The fact that something is wrong in this village, wrong enough to make a minister weep, and react with such violence grabs the attention of the audience instantly. The stage directions are particularly telling of the moods of characters. Page seventeen sees Abigail and Proctor alone for the first time and the tension between them is clearly visible. For example ‘Abigail has stood as though on tiptoe, absorbing his presence’, when someone is on tiptoe their entire body goes tense as though anticipating something. This may be a very literal way of showing us tension between Proctor and Abigail. Later, on the same page, Abigail ‘springs into his path’. Again the word spring suggests she has been coiled, tense, awaiting his movement and it is this anticipation that Miller uses to great effect when showing us chemistry between two characters. Of all things, perhaps the fear of the unknown is the most potent. Miller uses this from the start and builds tension around the fact that the audience has as little or less information about the preceding events as the characters. As both the audience and characters are apparently in the dark about events surrounding Betty’s condition there is again a link draw up between the two, this is used to the same effect as the McCarthyism link. Speech patterns also show the stress of the characters involved. For example, most characters start to shorten their words and speak in a far more rigid fashion than usual when feeling threatened or angry. These monosyllabic phrases litter the play and show the audience the rising conflicts in the community. On page twenty-six this is especially apparent. ‘He had no right to sell it’, says Putnam to Proctor. All the words in this sentence are monosyllabic, sharp and to the point. It is these changes that show the audience how the characters are really feeling. Miller uses these phrases to both show tension and to create it between characters throughout the play. Repetition plays an immense part in ‘The Crucible’. Specific words such as ‘evil’, ‘unnatural’ and most obviously ‘Devil’ are repeated to the point where they are appearing almost every page. Only Proctor and Paris seem set against the idea of supernatural tampering and even when the village is faced with a mass of evidence which supports more mundane explanations of events the cries of witchcraft are still as loud. It appears as if the Salemites want to believe Lucifer himself is threatening them. There is probably a lot of truth in that statement. The Salemites had fled England but a few generations ago and had done so to avoid persecution because of their beliefs. Now the Salemites are trapped and alone. It is ironic perhaps that their flight to freedom has in reality increased their isolation. Now they have no one to fight either. They were truly alone; perhaps the manic belief in Lucifer’s conquest of Salem was a release, an enemy against which they could fight the good fight. Without the unconverted heathens England offered it what was left but fighting the Devil himself or looking to your neighbour for anything that could be seen as an unholy blemish? The Salemites belief in the Devils power in Salem may have been started by the girls but was carried onwards and taken higher by almost all of the inhabitants of Salem, possibly because they wanted to believe in the corruption of their village. This scenario, as presented by Miller in Act I of ‘The Crucible’ is at the core of all tension throughout the play. Miller makes us see how incredibly dangerous society can be when in the grip of hysteria, the audience of then would have known all too well. Through uses of different devices Miller feeds and augments the underlying tension at key moments until we realise that some dreadful act must take place before the village will realises what it has done. What action could be interpreted as the Devil’s work in a society gone mad? As we see from Goody Nurses and Proctors hanging, anything. Act i of the crucible? Essay â€Å"In what important ways does Miller prepare us for the hysteria and the accusations of the witch-hunts in Act I of The Crucible? † In The Crucible, it was important for Miller to fully show that the witch-hunts in Salem were not some unforeseen, unpredictable chain of events, but the result of many different, precisely added elements. He, therefore, had to display to the inevitability of such events by revealing the true nature of the Salem’s society: unstable and extremely volatile. This instability among the people of Salem, stems mainly from their own insecurities. Any person heard to make a statement that is vaguely accusative is counter-attacked with a provocative statement far exceeding that of the first. Such an incident occurs when Proctor identifies Putnam’s support for the system of voting by acreage by saying Putnam â€Å"cannot command Mr Parris† because the society â€Å"votes by name†¦ not by acreage. † He says Putnam is arrogant in thinking that because he owns more land than Parris, he has the right to order him; the belief being that he is autocratic. Putnam, taking offence, responds by accusing Proctor of two other things. By stating that he didn’t â€Å"think [he] saw [Proctor] at the Sabbath meeting since the snow flew† he is questioning Proctor’s religious devotion using inflammatory language, which is a serious accusation in a theocracy like Salem. He is also saying that the idea of â€Å"one man: one vote† is void for Proctor because he doesn’t take the interest in the society that one man should. From a single remark by Proctor, two, far greater reactions were induced in Putnam. The result is an almost exponential escalation of emotions. This constant attacking and counter-attacking makes the people of Salem very insecure. These insecurities are combated by them putting up emotional barriers to contain their anger, envy or any other emotion that would render them liable to an attack. This is done by creating an external being that is responsible for a person’s inner evil: the Devil. Mrs Putnam displays this when she uses extremely inflammatory language in attempting to resolve Betty and Ruth’s mysterious sleep. She uses explicit imagery of the Devil and describes â€Å"death drivin’ into them, forked and hoofed†. This is an easily defensible point of view, because anyone who challenges it would be â€Å"trucking with the Devil† themselves and become open to attack. Mrs Putnam finds a vent for her anger at â€Å"seven dead in childbirth† with her provocative exclamations such as â€Å"it is surely the stroke of hell upon you† and â€Å"what person murdered my babies? â€Å". By asking that question, she is indirectly accusing anyone in the village. This shows a woman who is desperate to find an explanation for her misfortune and believes she will find it in the people of Salem who have been in contact with the Devil. She uses the Devil as a scapegoat and weights it with all her inner evils. She is, therefore, extremely enthusiastic to find someone who has been in contact with it in order to blame that person. With the entire village thrusting all their troubles and inner evils into a single element, a huge tension is created by the repression of their real emotions that are blamed on the Devil and the innate human desire to find someone else to blame; someone who is responsible for your evil and not, as Rebecca says, to â€Å"rather blame ourselves†. This livid search for a devil and the barriers that are put up by people create people who amalgamate together to form groups with their defining factor often being that of vengeance. Parris believes one of these groups or factions â€Å"is sworn to drive him from† his pulpit. They are not created by people actually admitting themselves, but by other people, usually in opposition, categorising them. Mrs Putnam identifies these groups when she describes the â€Å"wheels within wheels, fires within fires†. The society, therefore, fragments and divides itself. If, as Mrs Putnam shows, the people of Salem cannot accept their own evils and they believe the â€Å"Devil† cannot possibly be within them, that which defines them as a â€Å"good† person must be that which is not the â€Å"Devil†. Therefore, the â€Å"Devil† must, by nature of the society of Salem, be the thing which is diametrically opposed to the person of God and its location must be in a faction or group physically outside their house and spiritually outside their religion. Miller uses these groups to create a self-sustaining repression in Salem. As the people are forced by the factions to repress their feelings and emotions and keep them bottled up, their emotions are heightened by the constant arguments that take place. Act I is an introduction to the society and a period of time in which to show its many tensions. At the end of the act, the tension between all these emotions and the repression is released and Hale says himself that â€Å"it is broken, they are free. † This shows us that the unstable and volatile society is, indeed, at breaking point. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Arthur Miller section.

Edward Marshall Boehm, Inc Essay

Edward Marshall Boehm, Inc. is a company that produces unique and high quality porcelain products mainly focusing on birds, flowers, and wildlife. The objective of the company is to raise awareness of Mr. Boehm’s artist talent, create appreciation and protection for threatened and vanishing species. Meanwhile, Mr. Boehm wants to build a business that could make them wealthy. There are two main problems facing by the company. First, the process of making these porcelain products is complicated and required elaborate technical skills, the company does not have enough skilled staffs and producing power to meet the demand from the market. Second, the company lacks of enough distribution channels to raise awareness of its brand and the uniqueness of its products. At the current stage, the company has three series of porcelain in its product lines, which are priced from $100 to over $20,000. Each piece of porcelain sculpture requires a 52-step process. Some of products are sold out for years in advance, and it is difficult to anticipate which pieces might achieve this distinction. In addition, the company has only one distributor, Minton China, to distribute its products to some 175 retail outlets in the United States. The company can try to reduce costs by using other materials at a lower cost, developing a faster production process, but the bottom line is since the most competitive advantage of the company is the uniqueness and high quality of the product, the company should preserve its quality instead of using cheaper materials or faster production time that may violates the value of its products. In order to continue the business in the long run, the company should adapt the following changes. First, the company should hire more staffs and train them to produce the products in order to increase production of lower priced products. Meanwhile, it should find more distributors to raise awareness of the company, and supply them only with the lower priced products. Second, the company can open its own local stores that provide medium and high price range products. In addition, as for the most valuable piece, the company should put it on auctions that mainly focus on customers like museums and private collectors. Case 2 – Edward Marshall Boehm, Inc. 1. Analyze the firms goals and objectives Goal: Make the world aware of Mr. Boehm’s artistic talent, to help world wildlife causes by creating appreciation and protection for threatened species, and to build a continuing business that could make them comfortably wealthy, perhaps millionaires. No one goal has grater precedence over the others. Strategic objective: The case does not tell a lot about strategic objectives that are specific and cover a well-defined time frame. 2. Analyze the external environment The case does not talk a lot about the external environment, but it could be very useful for Boehm to make an analyze of the general environment (demographic, sociocultural, political/legal, technological, economic and global.). Also the competitive environment is very important. That kind of information will give them a better opportunity to make a good firm strategy. 3. Analyze the internal environment What is adding value to the firm?: The company’s big knowledge about have to make porcelain that is very technical as well as artistic challenge to make. 4. Assess the firms intellectual assets Human Capital: Edward Marshall Boehm is the man behind the porcelain. He has the knowledge to make it and the love to the nature which inspires him in his work. This and the special hard paste porcelain make the company unique and give the company a big competitive advantage. The company should be aware of not only having tacit knowledge where Edward Marshall Boehm have all the knowledge but instead share the knowledge in the company. 5. Analyze the business level strategy Competitive strategy: The company follows the competitive strategy called focus (differentiation) because they sell to a particular segment only and not the whole industry. They are also selling a unique product.