Wednesday, October 30, 2019
Project1 Essay Example | Topics and Well Written Essays - 1250 words
Project1 - Essay Example The products are marketed as a total solution to different hair and scalp problems and thereby act as market leaders in scalp care. Over the years from 1961 to current, ââ¬ËHead and Shouldersââ¬â¢ have slowly evolved as one of the best shampoos to fight perennial problems like dandruff and hair fall and also other types of scalp problems. Products marketed under the Dandruff category are further divided into three types like shampoo, conditioner and 2-in-1 for both men and women customers. Shampoos and hair products of Head and Shoulders generate a wide array of benefits to customers like generating protection to damaged and broken hair and also in making hair thicker, stronger and moist in nature (Procter & Gamble, 2014). Procter and Gamble, the company that markets Head and Shoulders operates as a multinational company in the consumer goods segment. The company aims at producing branded products that contribute in enhancing the lives of consumers along different parts of the globe. Value additions are generated in terms of innovating different product offerings to meet the changing needs of the consumers from time to time and in retailing the right quality and quantity of products to the customers (Procter & Gamble, 2014). Procter and Gamble is well known in terms of the global brands created by the company along which are marketed by the company along different consumer segments spread along 180 different countries. Current estimates related to Procter and Gamble reflect that the company through its operation baaed along 23 different brands earns the potential of generating a total sales revenue of around $10 billion. Another set of 14 brands tend to generate a total sales of around $1billion in an annual fashion. The rate of market capitalization for Procter and Gamble is evaluated to be greater than the Gross Domestic Product of a number
Monday, October 28, 2019
A Letter Concerning the Tuition Fee Increase in the Campus Essay Example for Free
A Letter Concerning the Tuition Fee Increase in the Campus Essay This academic year in our school had been very exciting and full of learning for the students. The school had been efficient enough in providing us the quality education that studentsââ¬â¢ need in preparation of their future careers. However it had been a serious issue in the campus among us, students, the continued increase in our tuition and other fees. à Students see, that in order to escalate further the quality of education in our school, the school has to face strenuous modifications in technology, books, and other school facilities. However, there would always a need for students to be consulted first about the issue, because these matters would always concern us. Along with the increase in the tuition fee is the increase in all other fees. Why? First, if the school would not fight for a greater state subsidy, then the school had to pay for the bills, the salary as well as to the technology and materials it would employed. With this matter, the budget would come from the tuition of the students and everything else would be increased; Internet fee, laboratory fee, school paper, etc. Second, education is supposed to be a right and not just a privilege, but with the continued increase in the tuition fee, along with other miscellaneous fees in the campus, there had been an apparent decline in the enrollment rate compared to the previous years. This only shows that few students were able to access the right to education because of the increase. Hence, there is a significant relationship between tuition fee increase and to the limited access of students to education (Dalton 2006). A similar study from the Rand Corporation in 1995 indicated that for every 10percent increase in the tuition fee of the students, there would be a 1.97 percent in the enrollment of the focus of study. Third, the effect of tuition fee and other fee increases would be felt less by those of the middle class brackets. Most of the burden would be felt by those in the lower class; usually with among black and with ethnic backgrounds. Accordingly, majority of the students in most schools were usually coming from the lower bracket and they were the ones who were greatly affected. The school is the only way for these students to move to the next ladder in the society. The tendencies for these students are to dropout or to transfer to a cheaper school with low educational standards. Needless to say, the educational preparation that they got is not enough to equip them for a high paying job in the future. The tuition fee increase that the school implemented is a subtle permit for the state to less care for the educational welfare of its citizens. Students are wary of the fact, that because of the tuition fee increase, we have to burden ourselves with part time jobs more than double just to compensate for the shortage in budget. Students recognized that tuition fee increase in needed to uplift the educational quality in this school. However, it is too fast and too soon to implement. Students are not prepared yet; emotionally, physically and financially. à There was no consultation in the increase in fees. It had always been our right to know and the responsibility for this school to be transparent. The students carried the baggage of financial hardship just to beautify the school, but the education that we got before then was still the same as now. Except of course in slight innovations in the laboratory facilities and in technology, the same education system we got from the school. If tuition fee increase is really bound to happen, we wanted to be prepared for it. We wanted an apparent positive change in the learning that we got; of course it is not to say that we got no learning from this school, it is just that, the change in learning is just minimal. This school has been our battleground to combat poverty, to uplift our situations and to gain learning. If the school is to increase its tuition fee and other fees, we expect that it would also provide subsidy through scholarship, or other alternative solutions to augment our financial difficulties. As well as it is the responsibility of our parents to finance our education; it is also the responsibility of the state to provide to its people the right to education. But how could we get this if tour very right has now become a mere privilege. The sad fact is, not the privilege of the majority but of the few only. à If we are destined to suffer from the tuition fee and other fee increases, would it be right that we would also demand great changes in everything. Would the payment that we give, be enough for us to pose subordinate command over our instructors and over other employees; anyway, we paid for them. Students believe, that in this school, students of characters should be made and not just a mere passive, technologically dependent ones. We need support to develop our minds, which is the role of this school. But where would we go now if this school would deprive us of that need? We seek to be consulted first, we need data of its great benefits on us, and we need alternatives for the increase that is accessible for everybody and not only for the few. Sincerely, [Name of the Sender] [Position/Occupation] Works Cited Dalton, McGuinty. ââ¬Å"Canandian Federation of students.â⬠8 March 2006 http://www.reducetuitionfees.ca/en/issue/watch_video_of_the_tuition_fee_increase_announcement
Saturday, October 26, 2019
Free Slaughterhouse-Five Essays: Dresden :: Slaughterhouse-Five Essays
Slaughterhouse-Five Dresden The focal point of Kurt Vonnegut's Slaughterhouse-Five is the devastating fire-bombing of Dresden in World War II, an event which was experienced by the real-life Vonnegut as well as the fictional Billy Pilgrim. Through the novel, Vonnegut renders his account of an occurrence which is, in itself, indescribable. In order to tell this story to the world, Vonnegut uses Billy Pilgrim's Tralfamadorian experience as a window that allows the reader some relief from the horrors of war. According to the author, the war was a traumatic experience which is virtually impossible to describe. As Vonnegut says in the introduction, " . . .I thought, too, that it [the novel] would be a masterpiece or at least make me a lot of money, since the subject was so big . . .but not many words about Dresden came from my mind then"(Vonnegut 2). As a result of Vonnegut's involvement in the war, the accounts which are depicted in the novel create a realistic picture for the reader. Such accounts include Billy's trek to the actual slaughterhouse, and his stay there, which lasted for years. Vonnegut had this same experience. According to one source, "Sheltered in an underground meat storage locker, Vonnegut managed to survive a raid that devastated the city and killed an estimated 135,000 people-more than the number of deaths in the atomic bombings of Hiroshima and Nagasaki combined"(Boomhower 1). Also, all of the characters mentioned in the novel are based on actual people encountered by Vonnegut throughout the war. At the very beginning of the war the author states that all of this "happened, more or less. The war parts, anyway, are pretty much true . . .I've changed all of the names(Vonnegut 1)." Vonnegut makes clear that he, too, has experienced Billy's struggles. He does so by intruding into the accounts of the fictional Billy with his own personal thoughts. In one case Vonnegut states, " . . .it would make a good epitaph for Billy Pilgrim--and for me too"(121). Another such event occurs when Pilgrim travels "back to Dresden, but not in the present. He was going back there in 1945, two days after the city was destroyed. Now Billy and the rest were being marched into the ruins by their guards. I was there. O'Hare was there"(212). Billy escapes from the nightmares and realities of his earthly life on the planet Tralfamadore.
Thursday, October 24, 2019
Methods of intervention Essay
Any form of restraint, for example leg or wrist restraints, should only be introduced after a multidisciplinary assessment, which includes consultation with service users their families and advocates. If used, they should be selected carefully to impose the least restriction of movement required to prevent harm while attempts should continue to be made to achieve the desired outcomes with less restrictive interventions. Carers who have received specific training in their usage should only use such devices. The rational for using any devices and the circumstances in which they may be used must be clearly recorded within an individualââ¬â¢s care plan/ Positive Handling Plan. The Scottish Social Services Council have their own codes of practice for social service workers and employees. A quote from their handbook states; ââ¬Å"Social Service workers must: Respect the rights of service users, whilst seeking to ensure that their behaviour does not harm themselves or othersâ⬠This is following a pattern from the previous values and standards mentioned, which stated clients can only really go so far, before a method of intervention has to be used. In the mid nineties, a form of intervention was introduced in Scotland, which is now widely practiced in the care industry. C.A.L.M (Crisis and Aggression Limitation Management) Various systems use a prone position in which to restrain. This can be face up, or face down. In this country, the face down position is usually used. In the case of CALM the prone restraint is only one of a hierarchy of responses. There has been growing anxiety about the use of prone restraint. It has been associated with deaths due to positional asphyxia, although other positions also have this risk associated with them. In the US, some states have banned face down prone restraint; others have banned face up prone restraint. It is a method, which can compromise the dignity of both young person and staff. However, there is anxiety in some quarters that the removal of prone restraint may make methodsà less effective. CALM Training Services are considering removing the prone restraint from their system. Certain methods of physical restraint include techniques, which include the deliberate use of pain to ensure compliance ââ¬â CALM does not. CALM is a training package which covers the management of difficult behaviour, and which contains, as one of its components, strategies for physical intervention, including physical restraint. In addition, when staff have been trained by CALM Training Services, they are then assessed as to how competently they can carry out the physical elements, and thereafter, if they reach an acceptable standard, they receive accreditation, which has to be updated annually. CALM is now the method of choice of a significant number of employers in Scotland and beyond, and is used in child care services, learning disability services, and mental health services. à ·Physical restraint devicesââ¬âsuch as safety vests and jackets, lap and wheelchair belts, and fabric body holdersââ¬âmay be beneficial to patients and their caregivers when used properly in settings ranging from nursing homes and hospitals to private homes. à ·Used properly, restraints have many benefits for patients and caregivers in both institutions and homes. Restraints may help protect the elderly from falls, which could result in injury or even death. If absolutely necessary, restraints also can help make medical treatment easier if a patient is temporarily uncooperative or highly agitated. If a patient is dangerous, restraints can protect other patients and staff from possible harm. Some patients feel safer and more secure, and need not worry about falling, if they use physical restraints. The method of restraining can be beneficial for many clients, depending on state of mind/health and situation at present time. A warning though; putting a restraint on certain patients may actually worsen their condition. For example, a chronically agitated patient may become more agitated with a restraint.
Wednesday, October 23, 2019
Oppositional Defiant Disorder
Oppositional Defiant Disorder: Case Study and Research Samaritan L. Carlo Suffolk County Community College SYS 213, Exceptional Child Able Keller is an English-speaking and physically healthy four-year-old boy. He lives with his mother and eighteen-year-old sister, and attends preschool during the week. Babel's mother works seven days a week and he is supervised on the weekends by a nanny. His current nanny began working for the family fairly recently; the two nannies prior to her both worked for less than two months before quitting.Babel's parents have been divorced for two years. His mother is his primary care-giver and is father sees him infrequently. Lately, Babel's mother and preschool teacher have been unable to cope with his disruptive and distressing behaviors. Babel's teacher estimates that his disruptive behaviors began at the beginning of the school year, which was approximately eight months ago; his mother says that the behaviors began roughly one year ago and have been i ncreasing in severity and frequency since then.Babel's sister has also voiced concerns regarding her brother's spiteful actions towards her due to the strain his recent behaviors have put on their relationship (PAP, 2013). Babel's mother reports that Able cannot go more than two days without becoming extremely irritated with necessary daily tasks. Once, Babel's mother requested that he go wash his hands before dinner. Able became irrationally frustrated, blatantly refused to wash his hands, and began lashing out in a manner which she describes as ââ¬Å"one of his tantrums. Babel's mother also describes an instance in which their last nanny was on the receiving end of Babel's disruptive behavior. The nanny took away Babel's toy at his refusal to brush his teeth and get ready for bed, and later found her toothbrush in the toilet boil. After further acts of blatant defiance by Able, the nanny resigned and Babel's mother was forced to find a new nanny. Able exhibited a similar behavior towards his sister when she asked him if he could grab her a pencil for her homework. Able was instantly irritated at this request and yelled ââ¬Å"Don't tell me what to do! He then proceeded to rip up her homework and run to his room. According to his mother, destruction of property in such an aggressive manner has been very infrequent in Babel's behavior. However, his spitefulness resulted in the loss of a nanny and his sister's increasing emotional sisters that her ââ¬Å"sweet baby brotherâ⬠has taken on such a resentful attitude towards her (PAP, 2013). Babel's preschool teacher told his mother that his behavior will no longer be tolerated and recommended that he be assessed. His teacher explains his behaviors in class as ââ¬Å"defiant and disruptive. Almost daily, he actively ignores class rules, such as not talking during reading time, and becomes even more defiant when his violations are addressed by the teacher. His teacher has paused class multiple times to stop hi m from distracting either the whole class or individual students. She ports that the most troublesome aspects of Babel's behavior are the frequency of the disruptions and his responses to being reprimanded. Once, when a classmate went to the teacher after Able ignored her plea that he stop poking her arm, Able became outwardly more motivated to continue poking her relentlessly.When his teacher explained why his behavior is unacceptable, Able accused the classmate that he had been poking of initiating the incident and provoking him by being ââ¬Å"annoying. â⬠Babel's teacher reports that he has yet to accept blame or responsibility for any of his misdoings and that he is often ostracizes by his peers. Classmates have called him ââ¬Å"annoyingâ⬠and â⬠a tattle-tale. â⬠Teachers discourage this taunting behavior, but the discrimination has led to further emotional distress within Able which has been exhibited by more frequent moods of frustration and irritability at home (PAP, 2013).Babel's behavior has been extremely distressing at home and in school over a duration of at least eight months, but has not presented a problem elsewhere thus far. His teacher has felt stress due to her inability to get him to obey rules, a lack of time to address his disruptions, and phone calls from parents whose children claim to have en harassed in some way by Able. His sister has become distraught over his behavior and his mother has been put under enormous pressure to maintain a trustworthy and reliable nanny.Due to the duration of his irritable, defiant, and occasionally vindictive behaviors, which have occurred at home and at school, have had negative consequences in his academic, social, and emotional functioning, and have caused distress for several people in his life, Able has been diagnosed with Oppositional Defiant Disorder of a moderate severity. Babel's defiant, argumentative, ND vindictive symptoms put him at risk for developing Conduct Disorder, and his increasing emotional distress due to peer issues at school increases his risk of developing an emotional disorder (PAP, 2013).Recent research of oppositional defiant disorder (ODD) is characterized by the emergence of two themes: developmental precursors to the disorder and the dimension of irritability. The study of precursors to ODD are discussed by Tinfoil and Malta (2013) in their research study which examines the relations between interpretative understanding, moral emotional attribution, and sympathy with the ability to predict ODD symptoms.Burke, Babylon, Rowe, Duke, Steep, Hippies, and Walden (2014) discuss varying dimensionality models of ODD, the identification of irritability by certain symptoms, and the implications of the results for further research on ODD. Tinfoil and Malta (2013) suggest that the limited success of current ODD treatments may be attributed to the lack of empirical research on the disorder's developmental antecedents. Their research responds t o this insufficiency by assessing supposed key components in the genesis of antisocial behaviors: social-cognitive development and moral emotions (Tinfoil & Malt', 2013).The study analyzes a sample of 128 four- and eight-year-old children with ODD and investigates the links between the symptoms of ODD and interpretative understanding, or theory of mind skills, in children (Tinfoil & Malt', 2013). The research of Tinfoil and Malta (2013) also analyzes ODD symptoms in relation to sympathy and moral emotion attribution (MEA), and examines the mediating role that each of these may have on each others' development. The participants of the study include 128 English-speaking children and one caregiver each parent assessments (Tinfoil & Malta, 2013).The only exclusion criterion is a hill with autism spectrum disorder, and the ethnicities of the participants vary (Tinfoil & Malt', 2013). Symptoms of ODD in the children are rated by caregivers using ADSM-oriented scales, interpretive understa nding ratings are obtained by professionals using the Landed and Chandler's puppet activity, sympathy is measured by caregiver and child self-reports, and MEA is evaluated using each child's negative or positive responses to the presentation of hypothetical vignettes of varying lapses in morality (Tinfoil & Malt', 2013).The procedure of the research study involved each child and their caregiver attending one session at the research ABA, the parent providing written consent and the child providing oral agreement, and the child being interviewed for a duration of approximately forty-five minutes by psychology undergraduate students (Tinfoil & Malta, 2013). The caregiver for each child filled out the symptom questionnaires outside of the interview room during the process (Tinfoil & Malta, 2013). Tinfoil and Malta (2013) find that interpretive understanding, sympathy, and MEA all influence ODD symptoms.Ratings of child sympathy by the caregivers play a mediating role on the effect of in terpretive understanding on ODD symptoms, and MEA strength significantly influences interpretative understanding in the domain of rule violation (Tinfoil & Malt', 2013). The research of Tinfoil and Malta (2013) indicates the necessity of further research on social-cognitive and affective-moral factors that could potentially precede ODD and help with early prediction, and highlights a possible origin of the rule-violating behavior so prevalent in Babel's case as a deficit in MEA.Recent research on ODD also focuses on the importance of irritability and on reaching a consensus regarding which symptoms best identify irritability (Burke et al. , 2014). Burke et al. (2014) introduces the study by explaining how existing data purports that symptoms of ODD represent a unidirectional assembly and are distinct from those of other disorders. Recently, studies have found conflicting evidence regarding the dimensions ODD symptoms are categorized by, which questions the reliability of assessment using the existing ODD model (Burke et al. 2014). Also, inconsistencies exist concerning which symptoms of ODD comprise which dimensions (Burke et al. , 2014). Burke et al. (2014) suggests that a factor model of the disorder may help solve these conflicts surrounding the concept of diagnostic irritability. The study tests single and multi- dimensional models of ODD including factor and competing models, analyzes various elements of measurement within symptoms, and aims to identify the extent to which specific dimensions relate to each other and general ODD symptoms (Burke et al. 2014). The study also attempts to determine if there is a distinguishing dimension of irritability within ODD, if one model of ODD is superior to all other models, and if there is an additional general dimension of ODD (Burke et al. , 2014). ODD symptom data of five community samples of five- to eighteen-year-old boys and arils is evaluated by Burke et. Al (2014) using assorted measurement scales and care- g iver reports.Methods of assessing symptom presence, frequency, and severity are the Revised Diagnostic Interview Schedule for Children, Parent Version, Child Symptom Inventory-4, Child and Adolescent Psychopathology Scale, Developmental and Well-Being Assessment, and Emory Diagnostic Rating Scale (Burke et al. , 2014). The data is analyzed using five models of ODD dimensionality and two models of irritability, which identify irritability as either touchy, angry, and spiteful, or touchy, angry, and frequent loss of temper (Burke et al. 2014). Burke el al. (2014) concludes that the best model for symptoms of ODD is a general factor model in which irritability and oppositional behavior factors exist alongside a general ODD factor, and in which irritability and oppositional behaviors significantly correlate with each other (Burke et al. , 2014). This model is consistently better across multiple samples and is made up of eight general ODD items, each correlated with either an irritabilit y or an oppositional behavioral dimension (Burke et. Al, 2014).The irritability mission includes temper, touchiness, and anger; the oppositional behavior dimension includes argumentativeness, defiance, annoyance, balefulness, and spitefulness (Burke et. Al, 2014). Burke et. Al (2014) also finds that irritability is most accurately characterized by touchiness, anger, and temper loss. The implications of the results are the emergence of strong evidence for a multidimensionality within ODD, and support for an identification of irritability characterized by loss of temper, touchiness, and anger (Burke et al. , 2014).Although the research is unable to answer attention questions regarding the existence of a third dimension, the initial questions are addressed concerning the underlying structure of symptom dimensions and provide evidence for a superior set of characteristics of irritability (Burke et al. , 2014). Lastly, Burke et al. (2014) addresses that possible limitations in the study were due to the variability of the questionnaires, the variability of the scaling systems, and the different research structure for boys and girls in the samples. References American Psychiatric Association. (2013).Section II: Disruptive, impulse-control, and induct disorders. Diagnostic and statistical manual of mental disorders (5th De. ). New York: PAP Press. Burke, J. D. , Babylon, K. , Rowe, R. , Duke, E. , Steep, S. D. , Hippies, A. E. , & Walden, l. D. (2014). Identifying the irritability dimension of ODD: Application of a modified factor model across five large community samples of children. Journal of Abnormal Psychology, 1-11. Tinfoil, M. & Malt', T. (2013). Interpretive understanding, sympathy, and moral emotion attribution in oppositional defiant disorder symptomatically. Child Psychiatry & Human Development, 44, 633-645.
Tuesday, October 22, 2019
A Critical Study of William Faulkner by Irving Howe
A Critical Study of William Faulkner by Irving Howe As one of the most important figures in 20th-century American literature,à ââ¬â¹Ã¢â¬â¹William Faulkners works include The Sound and the Fury (1929), As I Lay Dying (1930), and Absalom, Absalom (1936). Taking into consideration Faulkners greatest works and thematic development, Irving Howe writes, The scheme of my book is simple. He wanted to explore the social and moral themes in Faulkners books, and then he provides an analysis of Faulkners important works. Search for Meaning: Moral and Social Themes Faulkners writings often deal with the search for meaning, racism, the connection between past and present, and with social and moral burdens. Much of his writing was drawn from the history of the South and of his family. He was born and raised in Mississippi, so the stories of the South were ingrained into him, and he used this material in his greatest novels. Unlike earlier American writers, likeà ââ¬â¹Melville andà ââ¬â¹Ã¢â¬â¹Whitman, Faulkner wasnt writing about an established American myth. He was writing about the decayed fragments of myth, with the Civil War, slavery and so many other events hanging in the background. Irving explains that this dramatically different backdrop is one reason his language is so often tortured, forced and even incoherent. Faulkner was searching for a way to make sense of it all. Failure: A Unique Contribution Faulkners first two books were failures, but then he created The Sound and the Fury, a work for which he would become famous. Howe writes, the extraordinary growth of the books to come will arise from his discovery of his native insight: the Southern memory, the Southern myth, the Southern reality. Faulkner was, after all, unique. There has been no other quite like him. He seemed to see the world in a new way forever, as Howe points out. Never satisfied with the familiar and well-worn, Howe writes that Faulkner did something that no other writer except James Joyce has been able to do when he exploited the stream-of-consciousness technique. But, Faulkners approach to literature was tragic, as he explored the cost and heavy the weight of human existence. Sacrifice may be the key to salvation for those who stand ready to bear the cost and suffer the weight. Perhaps, it was only that Faulkner was able to see true cost.
Monday, October 21, 2019
Simple Japanese Phrases
Simple Japanese Phrases à This is a collection of easy Japanese phrases. Speaking Japanese shouldnt be too complicated even for beginners. Try these simple phrases whenever you have a chance. The more you practice, the better you get! The Japanese writings for each phrase are included for your reading and writing practice. If you have any questions, pleaseà email me. For your convenience I have broken the phrases into three sections. Please scroll down to see all sections. Level 1 *à Question Words*à à Responding*à à Responding inà Agreement Part1*à à Responding inà Agreement Part2*à à Disagreement Responses*à à Refusal*à à Request/Command*à à Unfavorable Responses*à à Praising Appearance*à à Praising Characteristics*à à Praising Intelligence*à à Emergency*à à Useful Expressions*à à Useful Adjectives*à à Basic Verbs*à à Useful AdverbsLevel 2 *à Greetings*à Partings*à Asking How*à Various Questions Part 1*à Various Questions Part 2*à Responding inà Agreement Part 1*à Responding inà Agreement Part 2*à Disagreement Responses*à Refusal*à Command*à Command (Dont ~)*à Encouragement*à Surprise*à Happiness*à Anger*à Sadness*à Weather*à Useful Expressions - At the Restaurant*à Useful Expressions - Shopping*à Useful Expressions - At a Party Level 3 *à Greetings*à Various Questions Part 1*à Various Questions Part 2*à Responding in Agreement*à Disagreement Responses*à Refusal*à Permissions*à Command*à Common Expressions for the Unknown*à Exclamatory Expressions*à Expressions of Disappointment*à Asking Permissions*à Happiness*à Anger*à Weather*à Useful Expressions - At the Restaurant*à Useful Expressions - Paying the Bills*à Useful Expressions - At a Party/Celebration*à Useful Expressions - At the Hotel*à Meeting a Famous Japanese Person
Sunday, October 20, 2019
Random vs. Systematic Error Definitions and Examples
Random vs. Systematic Error Definitions and Examples No matter how careful you are, there is always error in a measurement. Error is not a mistake- its part of the measuring process. In science, measurement error is called experimental error or observational error. There are two broad classes of observational errors: random error and systematic error. Random error varies unpredictably from one measurement to another, while systematic error has the same value or proportion for every measurement. Key Takeaways Random error causes one measurement to differ slightly from the next. It comes from unpredictable changes during an experiment.Systematic error always affects measurements the same amount or by the same proportion, provided that a reading is taken the same way each time. It is predictable.Random errors cannot be eliminated from an experiment, but most systematic errors can be reduced. Random Error Example and Causes If you take multiple measurements, the values cluster around the true value. Thus, random error primarily affects precision. Typically, random error affects the last significant digit of a measurement. The main reasons for random error are limitations of instruments, environmental factors, and slight variations in procedure. For example: When weighing yourself on a scale, you position yourself slightly differently each time.When taking a volume reading in a flask, you may read the value from a different angle each time.Measuring the mass of a sample on an analytical balance may produce different values as air currents affect the balance or as water enters and leaves the specimen.Measuring your height is affected by minor posture changes.Measuring wind velocity depends on the height and time at which a measurement is taken. Multiple readings must be taken and averaged because gusts and changes in direction affect the value.Readings must be estimated when they fall between marks on a scale or when the thickness of a measurement marking is taken into account. Because random error always occurs and cannot be predicted, its important to take multiple data points and average them to get a sense of the amount of variation and estimate the true value. Systematic Error Example and Causes Systematic error is predictable and either constant or else proportional to the measurement. Systematic errors primarily influence a measurements accuracy. Typical causes of systematic error include observational error, imperfect instrument calibration, and environmental interference. For example: Forgetting to tare or zero a balance produces mass measurements that are always off by the same amount. An error caused by not setting an instrument to zero prior to its use is called an offset error.Not reading the meniscus at eye level for a volume measurement will always result in an inaccurate reading. The value will be consistently low or high, depending on whether the reading is taken from above or below the mark.Measuring length with a metal ruler will give a different result at a cold temperature than at a hot temperature, due to thermal expansion of the material.An improperly calibrated thermometer may give accurate readings within a certain temperature range, but become inaccurate at higher or lower temperatures.Measured distance is different using a new cloth measuring tape versus an older, stretched one. Proportional errors of this type are called scale factor errors.Drift occurs when successive readings become consistently lower or higher over time. Electronic equipment tends to be susceptible to drift. Many other instruments are affected by (usually positive) drift, as the device warms up. Once its cause is identified, systematic error may be reduced to an extent. Systematic error can be minimized by routinely calibrating equipment, using controls in experiments, warming up instruments prior to taking readings, and comparing values against standards. While random errors can be minimized by increasing sample size and averaging data, its harder to compensate for systematic error. The best way to avoid systematic error is to be familiar with the limitations of instruments and experienced with their correct use. Key Takeaways: Random Error vs. Systematic Error The two main types of measurement error are random error and systematic error.Random error causes one measurement to differ slightly from the next. It comes from unpredictable changes during an experiment.Systematic error always affects measurements the same amount or by the same proportion, provided that a reading is taken the same way each time. It is predictable.Random errors cannot be eliminated from an experiment, but most systematic errors may be reduced. Sources Bland, J. Martin, and Douglas G. Altman (1996). Statistics Notes: Measurement Error. BMJ 313.7059: 744.Cochran, W. G. (1968). Errors of Measurement in Statistics. Technometrics. Taylor Francis, Ltd. on behalf of American Statistical Association and American Society for Quality. 10: 637ââ¬â666. doi:10.2307/1267450Dodge, Y. (2003). The Oxford Dictionary of Statistical Terms. OUP. ISBN 0-19-920613-9.Taylor, J. R. (1999). An Introduction to Error Analysis: The Study of Uncertainties in Physical Measurements. University Science Books. p. 94. ISBN 0-935702-75-X.
Saturday, October 19, 2019
Corporate Risk Management Essay Example | Topics and Well Written Essays - 1250 words
Corporate Risk Management - Essay Example The expenditures of the business in order to compensate the physical damages of workplace and manpower could serve as important inputs in the process of capital budgeting that has the objective to determine the actual net present value and internal rate of return of the business (Shapiro, 2008, p. 42). Firmââ¬â¢s exposure to physical risk The physical risk is the foremost risk that affects the organization and its people. The establishments, factories, plants and buildings in which the business is carried out as well as the employees of the business house are subject to physical risk. The physical risk to the business occurs as result of the uncertainty of the occurrence of unforeseen situations and accidents that badly affects the infrastructure of the business and its entire business set up. The physical risk may occur due to the unfortunate incidents of fire breakout in the company buildings. There may be accidents as a result of the explosions happening inside the workplace (M egginson andà Smart, 2008, p. 63). The companies spend substantial amounts in setting up the business infrastructure. A huge amount of expenditure is incurred by the business in constructing the office set up, the interior decoration and the wooden construction for making the buildings and its rooms suitable for official use. The other expenditures include glass fittings, work place arrangement of improved designs. The corporate look in the offices is due to the standardization of the infrastructure for business that is required to be established in the workplace. The occurrence of fire accidents and small explosions inside the office buildings are huge risks as it destroys the infrastructure for carrying out business operations and also injures or adversely affects the manpower resources of the business. The physical risk for the business may also be due to the spillage of hazardous materials in the workplace. The hazardous materials like the acids, gases, toxic wastes, and toxic fumes could adversely affect the employees of the company which would in turn affect the business operations. Physical Risk consideration in Capital budgeting The capital budgeting techniques are aimed at assessing the feasibility of the business investment in a particular project. The capital budgeting techniques assess the viability of business investments with the help of various approaches that determines the extent to which the business is profitable. The assessment of the business takes into account the risk of the business. The physical risks associated to the business takes into account the several factors of uncertainty that would reduce the net valuation of the business or the expected return from the business investments (Chandra, 2008, p. 96). The consideration of the physical risk is thereby necessary to determine the feasibility of the investments through Capital budgeting techniques. The various capital budgeting techniques used to judge the viability of the investme nt are the Net Present Value method, the Internal Rate of Return, etc. The Net Present value of the business is the actual present value of the business adjusted with the initial investments required for starting the project (Lumby, 1988, p. 84). The Net Present Valu
Your definition of wisdom and how is that can be connected to Allegory Essay
Your definition of wisdom and how is that can be connected to Allegory the cave by macvalley and where do you see the wisdom in that story - Essay Example To me, wisdom is a different concept, distinct from the mere process of merely acquiring knowledge. Thus, I see wisdom as understanding oneââ¬â¢s self and the value of freedom as well as the ability to apply theories into practice through oneââ¬â¢s virtues. The Allegory of the Cave, which is part of Platoââ¬â¢s classic work, The Republic, offers a wise and profound illustration of the concept of wisdom through the thoughts of Aristotle, the authorââ¬â¢s teacher and mentor. Platoââ¬â¢s wisdom becomes highlighted throughout the story but there are occasions where is gets accentuated by the way he presents his philosophy. One of the most significant indicators in this context is Aristotleââ¬â¢s reference to the significance of the soul over the body. He perceives the journey upwards from the cave as the ââ¬Å"ascend of the soul into the intellectual worldâ⬠and not as a physical escape from bondage (P.3 S/1). Thus, Plato intends to connote the idea that the soul is the essence that can liberate humans and, on the other hand, the body focuses on superficial matters such as trivial comforts. Postulation of such a profound idea in the story is an example of Platoââ¬â¢s wisdom. Aristotleââ¬â¢s contention is that the prisoners acquiesce themselves to confinement in the cave on the presumption that it is a safe and comfortable place because they lack virtues, due to which they do not value their freedom. Thus, if a person attempts to escape from the cave and is blinded by sunlight they will ridicule him and say that it is ââ¬Å"better not to think of ascendingâ⬠and, thus, due to their lack of wisdom, the prisoner community will put to death the one who attempts to differ (Plato p 517). By this allusion, Plato attempts to emphasize that generally people lack the faculty of wisdom and thus fail to recognize their honor and virtues. For them, the minor comforts in life, in this case, a sense of security that the prisoners feel inside the cave, are more important than the dignity
Friday, October 18, 2019
Do native peoples today invent their tradition Essay
Do native peoples today invent their tradition - Essay Example Today, the native influence is gradually facing assimilation due to the impacts of migration, settlements, and expansion of immigrants into new lands. These immigrants come with new values and social structures that either absorb or consume the existing traditions. Some states have become wiser, preserved these natives in their rightful places, and netted mass revenue in return. The history of these original natives is very resourceful and traces its roots to the precincts of civilization. Contrastingly, today many communities have risen. The sprouting communities tend to emerge and dynamically evolve to become different from the ancient eras. Their traditions are not directly similar to the archaic eras. They have new norms and values that could sound profane to the aborigines. It is not authentic where these new traces of tradition arise. This paper attempts to discuss whether the natives today invent their traditions. The plot development takes into consideration case studies and analogies from different cultures around the world. Special reference falls on the current American native community. The initial part shall outline points that contradict this premise. The second section shall then garner support for the premise before offering a conclusive standpoint in the stale mate. Tradition has always found its roots in oral tradition of a community. The community is a channel of culture transfer across generations. Consequently, it is inappropriate to assume that these natives invent their cultures. These cultures find their way to the present times through the vehicle of oral tradition that passes this values and norms to the preceding generations. In this sense, the traditions that appear to have ancient roots still find their stronghold in the society today. In fact, a few modifications take place in them, but the key intents always remain unchanged. The Native American perspective helps to unravel this myth. According Kattok (2010), the markers of tradit ional Native American identity prevail to date. She asserts that ââ¬Å"indigenesâ⬠injects itself into the mainstream of current native inhabitants of the community and later stand as true. The essence of oral tradition stands out as influential in the presence of long standing traditions that still stand in the present. A good illustration is the spiritual viewpoint shared by several generations over time. The evolving community has often shown similar appreciation of religious beliefs despite the time and age manifested. The Native American philosophy advocates that spirituality is supreme and directional. The natives, therefore, almost universally observe the earth as a womanly figure. In this respect, this notion passes on to the upcoming generation. It is no wonder several people regard the earth as ââ¬Å"herâ⬠¦Ã¢â¬ Additionally, the natives also view many environmental products as endowments from a higher being. kattok (2010) supports this view when he says that man was created to complement the other creations. Secondly, the colonial times across the world history bear a lot of explanation to the origin and invention of a variety of cultures. The colonization era among several affected states was a time of reckoning. The colonizing powers established their cultures that they deemed as superior. In most instances, the natives never got the chance to contribute to the creation of the emergent culture. In the ancient American tradition, the immigrantsââ¬â¢ influx and the British invasion of the 17th century saw the emergence of various
Persuasive Campaign Essay Example | Topics and Well Written Essays - 1250 words
Persuasive Campaign - Essay Example For example, diabetes and hypertension patients are put into consideration during the production since the companyââ¬â¢s research and development team establishes a differentiated product for that particular group of people (p.2). Arguably, the Morning Flakes product is classified into the different categories to ensure that all the neglected niches acquire the benefit of dining on healthy cereals during their meals. Methods of marketing the product The research and development process of the persuasive campaigns The survey undertaken by the companyââ¬â¢s R&D team revealed that most of the population in developing economies comprised of the baby-boomer generation who are currently living within the range of 50 years. Marketing campaigns seek to enhance a companyââ¬â¢s penetration to the consumers at both the local and the global platforms (p.39). Bearing such findings in mind, the research study enabled the team to table a proposal seeking the management of to produce a prod uct that would serve the segment needs of these groups of people. Most important was the fact that the team discovered the generationââ¬â¢s financial prowess, which communicated a level of enhanced benefits to the organization if the production, processing, and marketing campaign programs would seek to serve the needs and wants of the mature segment. During the companyââ¬â¢s research and development process, the companyââ¬â¢s employees realized that most of the poor families in the global societies lacked basic meals because of the costs executed to such products. Further, lack of knowledgeable information from the media prevailed as a key hindrance to the desired level of marginal consumption. The campaign processes and strategic approaches to the productââ¬â¢s marketing It was evident that the companyââ¬â¢s campaign teams would market its standardized and customized Morning Flakes products in accordance to the specific segmentââ¬â¢s needs and wants. Subsequently, an exploratory survey undertaken in the developing economies revealed that the ageing population had financial prowess compared with the younger generations. The researchersââ¬â¢ strategically established that the needs and wants of the consumer groups in the developing and underdeveloped economies matched mainly because of their financial status. Further, the marketing campaign teams sort to use differentiated advertisement approaches that suited different global cultures, but included the prospective benefits that each of the demographic categories would accrue through the consumption of the cereals (p.119). The strategic implementation of actionable advertisements in television and radio media seemed the most appropriate method to achieve the consumersââ¬â¢ desires, draw their interests, and engage them on lasting awareness on the productââ¬â¢s availability. The process of marketing campaigns for Morning Flakesââ¬â¢ cereal products is saliently executed in accordance to the target consumer groups, the economic and social status, the standards of living, and the societiesââ¬â¢ standards of living. Ideally, the marketers embrace the process of persuading the consumers to purchase the cereals through the execution of favorable marketing campai
Thursday, October 17, 2019
Case study histology 2 Example | Topics and Well Written Essays - 1000 words
Histology 2 - Case Study Example The colon is also masculine to aid in movement of food through the esophagus. The muscles contract and relax rhythmically to facilitate peristalsis. The colon is also long this ensures nutrients remain in the colon for long period to maximize absorption. The reddish appearance of the colon indicates presence of blood capillaries. Capillaries bring in oxygen for oxidation and takes away absorbed food. (Odze & Goldblum 2009, p. 10) It has a pouch like projection called cecum that collects undigested food from the ileum. It is the first section of the large intestine. Cecum has a valve that separates it from the ileum. The valve regulates the amount of food getting into the cecum and prevents backflow of food into the ileum. The main function of the cecum is to absorb water and salts. The epithelium of the colon is thin. It enables food to diffuse through the colon at a higher rate. The colon also has gland that resembles test tubes on their walls called crypts of Lieberkà ¼hn. The crypts are embedded in the epithelial lining to enable them secrete enzymes which in turn secrete mucous to lubricate the colon. In addition to this, crypts secrete hydrochloric Acid which kills any bacteria in the nutrients (Odze & Goldblum 2009, p. 66). The colon has a lining called mucosa. Mucosa secretes mucus which lubricates the colon to aid in peristalsis. The epithelium lining of the colon also has various goblet cells which secrete mucus. The mucus is used neutralize acid in the stomach. In addition to this, the mucus hinders enzymes from digesting the internal walls of the colon (Wolff 2010, p. 33) Crohns disease is a type of inflammatory bowel disease. It mostly affects the intestine though it can affect any part from the mouth to anus. It is associated with the fistulae and ulcers. Crohns disease compels the immune system to attack healthy cells within gastrointestinal tract leading to inflammation. It is usually classified as
Wyndham Adopts a Stakeholder Orientation Marketing Strategy Case Study
Wyndham Adopts a Stakeholder Orientation Marketing Strategy - Case Study Example The case study "Wyndham Adopts a Stakeholder Orientation Marketing Strategy" shows how the hotel giant Wyndham Worldwide has gained its brand image in the global market and has a huge reputation. It also shows how the company faces problems from its competitors, substitutes and also because of the wrong promotion. The company grew at a fast pace and merged with Patriot American hospitality in 1988. This new company was named as the Wyndham International Inc., this company started to implement a new aggressive strategy of acquiring hotels and companies across the globe in different parts of different countries. In 2005, Cendant Corporation took over Wyndham hotel brand and started its lodging, vacation and also in the retail business and was able to create the worldwide presence of Wyndham Worldwide and it replaced the name Cendant. Porterââ¬â¢s five forces are generally used for the industry analysis and for understanding the business strategy. It includes the five major factors that help to determine the competitive intensity and the competitive edge that the co0mapny has in the market. The three of Porter's five forces are related to the external sources that affect the business strategy and also results in either success or failure of the business strategies. While the other two are generally the internal factors the influence the business operations. The threat of New Entrants with respect to Wyndham Worldwide is very Low as the company has a huge capital and also a good chain present across the globe.
Wednesday, October 16, 2019
Case study histology 2 Example | Topics and Well Written Essays - 1000 words
Histology 2 - Case Study Example The colon is also masculine to aid in movement of food through the esophagus. The muscles contract and relax rhythmically to facilitate peristalsis. The colon is also long this ensures nutrients remain in the colon for long period to maximize absorption. The reddish appearance of the colon indicates presence of blood capillaries. Capillaries bring in oxygen for oxidation and takes away absorbed food. (Odze & Goldblum 2009, p. 10) It has a pouch like projection called cecum that collects undigested food from the ileum. It is the first section of the large intestine. Cecum has a valve that separates it from the ileum. The valve regulates the amount of food getting into the cecum and prevents backflow of food into the ileum. The main function of the cecum is to absorb water and salts. The epithelium of the colon is thin. It enables food to diffuse through the colon at a higher rate. The colon also has gland that resembles test tubes on their walls called crypts of Lieberkà ¼hn. The crypts are embedded in the epithelial lining to enable them secrete enzymes which in turn secrete mucous to lubricate the colon. In addition to this, crypts secrete hydrochloric Acid which kills any bacteria in the nutrients (Odze & Goldblum 2009, p. 66). The colon has a lining called mucosa. Mucosa secretes mucus which lubricates the colon to aid in peristalsis. The epithelium lining of the colon also has various goblet cells which secrete mucus. The mucus is used neutralize acid in the stomach. In addition to this, the mucus hinders enzymes from digesting the internal walls of the colon (Wolff 2010, p. 33) Crohns disease is a type of inflammatory bowel disease. It mostly affects the intestine though it can affect any part from the mouth to anus. It is associated with the fistulae and ulcers. Crohns disease compels the immune system to attack healthy cells within gastrointestinal tract leading to inflammation. It is usually classified as
Tuesday, October 15, 2019
MIH512-Demography and Health (Module 5-CBT) Essay
MIH512-Demography and Health (Module 5-CBT) - Essay Example This indicates low fertility and low mortality and is also known as constrictive pyramid. The population pyramid displays population percentage of ages 1-14 under 30 percent and ages 75 and above over 6 percent and is hence considered an "aging population"(U.S.Census Bureau, 2009). The expansive pyramid in the current year is because of increased birth rates and death rates. Mexico is a developing country and has many factors which contribute to high birth rates and death rates. However there have been improvements in food supply, sanitation and education which contribute to decreased disease states and increased life span. When death rates decline, it contributes to rise in child population. Lowering of death rates is simultaneous with lowering of infant mortality rates which contributes to increased child survival. Thus, there will also increase in the number of children, adolescents and younger adults. It has been estimated that in 2050, both birth rates and death rates will lower which will contribute to the stable pyramid shape (U.S.Census Bureau, 2009). Fall in birth rates is likely to happen because of increase in wages, contraception, urbanization, reduction in subsistence agriculture, fall in the value for child labor, improvement in women status, ris e in education of women, rise in investment of parental money for the purpose of education of children and other social changes in general. Death rates are also projected to fall because of increase education, awareness, medical interventions, sanitation, hygiene and cleanliness. Demographic transition may be defined as a shift of rates of birth and death from high to low. Mexico is now in the second stage of demographic transition and is almost entering the third stage. This is because, close to 50 percent of the population is 25 years of age or even younger (U.S.Census Bureau, 2009). The fall in death rates, including infant mortality rate has
Monday, October 14, 2019
Being Black Essay Example for Free
Being Black Essay For my second formal writing piece I am considering writing about Shelby Steeles essay ? On Being Black and Middle Class. I find this piece interesting because Steele starts his piece with a contradiction his friend makes, and then he continues to unfold his view on the matter and how he started to change his mind over periods of time during his life. ?If you were black, you were just black and that was that (p. 687). Although I am not black, I have discovered that all of us change our views as we grow older. I love the examples Steele uses to describe his change of mind. He comments that ? race never fully explained our situation in American society (p 687). Class also plays an important role on who you become in life. Steele explains that the middle-class blacks in the sixties were caught in a double-bind in life; the race which they belong to and also the class in which they were brought up in. I agree with him on this point. Class has a lot to do with who you become and where you go in life. Even now, race plays a major part as well. People still look at others differently because of the color of their skin. Steele describes that society wants blacks to see themselves as a ? minority and I agree with that. I have heard many people comment on how someone performs a job using the color skin as an excuse. As a society, I believe that we are still trying to separate races and classes. Just like certain whites are looked down upon because of their living standards, the same happens to many blacks. ?The black middle class has always defined its class identity by means of positive images gleaned from middle- and upper-class white society, and by means of negative images of lower-class blacks (p 690). I agree with this because many people today dont seem to think there is such a thing as the black middle-class. Blacks are mainly thought of as lower-class citizens and whites as upper- and middle-class citizens. The people caught up in this class must make themselves known. They are their own people, not a mixture from others. Steele describes one of his professors telling him that he wasnt really black because he wasnt disadvantaged (p 692). This professor was classifying all blacks as disadvantaged, and if a black person happened to make it into the world as an individual, they were supposed to drop all connections with their race and their background. Obviously this is unacceptable. You are never able to forget and ignore your past and the people you came from. They are a part of you for your entire life. Another professor describes a situation where he was unable to allow blacks to stay in his boarding house because the color of their skin might offend the other boarders. As Steele puts it, ? he could not recognize that he was asking me to betray my race in the name of my class (p 694). Everyone must be able to identify with themselves as a whole person. Your race, your class and the role you play in society. If Steels had known better, he would have realized that he was actually being insulted non-directly. He is unable to change the color of his skin, but both professors were degrading the race he was a part of. This race is embedded in him and he should never forget it. Time has past and he now has come to this realization, but people need to be aware of what is being said around them. Those comments were unacceptable. Today is a bit different because in the sixties people could get away saying those type of things. Its harder to say things like that now. Almost anything can be taken as an insult somehow nowadays. Those are the main parts of Steeles essay and I will be using more details in describing these matters more clearly. Race and class both play a major part in all of our lives, and we need to be aware of where we are in society.
Sunday, October 13, 2019
Its Time to Decriminalize Marijuana :: Marijuana Drugs Argumentative Persuasive Essays
It's Time to Decriminalize Marijuana Currently, drugs remain high on the lists of concerns of Americans and are considered one of the major problems facing our country today. We see stories on the news about people being killed on the street every day over drugs. To many people drugs are only an inner-city problem, but in reality they affect all of us - users and non-users. I believe that the negative affects we associate with drugs would be greatly reduced if the United States adopted a policy towards the total decriminalization of marijuana. The current drug policy of our government is obviously failing. Drug laws have created corruption, violence, increased street crime, and disrespect for the criminal justice system. Current drug legislation has failed to reduce demand. It's just too hard to monitor illegal substances when a significant portion of the population is committed to using drugs. (Inciardi and McBride 260) Marijuana comes from the hemp plant, which can readily be grown on fields across the nation and was cultivated heavily in colonial period. After 130 years of being legal, the potential problems of marijuana were brought into the public eye by Harry J. Anslingler, the commissioner of the Federal Bureau of Narcotics and author of Marijuana: Assassin of Youth (Goldman 88). In his book, Anslinger portrayed images of Mexican and Negro criminals, as well as young boys, who became killers while under the influence of marijuana. With the added public pressure, President Franklin Delano Roosevelt signed into law the Marijuana Tax Act of 1937. This law made the use and dale of marijuana federal offenses. At this point marijuana was removed from the public eye, and heavy users included poor Negroes, migrant Mexicans, and Jazz Musicians (Himmelstein 3). Marijuana reappeared in the mid 1960's with the emergence of the "Hippie." Widespread objection to the use of marijuana remained because of the set of valued and lifestyles associated with it, but use appeared in colleges and among middle-class youths in the suburbs (Himmelstein 103). Marijuana became a symbol of a counter-culture, and youthful rebellion. As a consequence, marijuana use rose for the next ten years. Marijuana was becoming more accepted across the nation. As the users of Marijuana changed, the attitudes about the danger of Marijuana broke down. In 1970, the Comprehensive Drug Abuse Prevention and Control Act reduced the classification of simple possession and non-profit distribution from felonies to misdemeanors (Himmelstein 104).
Saturday, October 12, 2019
Edna Pontellierââ¬â¢s Solution in Kate Chopins The Awakening :: Chopin Awakening Essays
Ednaââ¬â¢s Solution in The Awakening This is a look at "The Awakening" by Kate Chopin. When you first look at the life of Edna you think there is not much to discuss. Edna is a married woman who at first seems vaguely satisfied with her life--"she grew fond of her husband, realizing with some unaccountable satisfaction that no trace of passion or excessive and fictitious warmth colored her affection, thereby threatening its dissolution." (Chopin, 558). Edna doesn't know what she wants from life. It is evident from the way she tries to change her life to make it better, that she wants her own happiness. She refuses to stay home on Tuesdays, which she is expected to do to satisfy the social conventions of the time. She spends more time on her art. She goes to races and parties all the time. All of this doesn't seem to help her maintain happiness all the time. There were days when she was very happy without knowing why. She was happy to be alive and breathing, when her whole being seemed to be one with the sunlight, the color, the odors, the luxuriant warmth of some perfect Southern day. There were days when she was unhappy, she did not know why, when it did not seem worth while to be glad or sorry, to be dead or alive; when life appeared to her like a grotesque Pandemonium and humanity like worms struggling blindly toward inevitable annihilation. (Chopin, 588) Edna struggled to make her life more fulfilling. Edna wanted what? Passion, excitement? She states to the Doctor, "But I don't want anything but my own way. That is wanting a good deal, of course, when you have to trample upon the lives, the hearts, the prejudices of others--but no matter--still, I shouldn't want to trample upon the little lives." (Chopin, 629). In the title of "The Awakening" I get the impression of someone waking up and deciding that their life is not what they want. Edna goes from being reasonably happy in her life to very unhappy with her life and tries to change it to make it better. The ways she goes about it are not necessarily the right ways, but at least she tries to change it to make it better. The acceptable behaviors of the time in which she lived worked against her. Edna stays married because divorce was unheard of in those days. She wants to marry Robert, but he will not because it will disgrace her to leave her husband. She exceeds the social boundaries of the day by going her own way and
Friday, October 11, 2019
Pathophysiology Of Dvt Formation Health And Social Care Essay
DVT is the consequence of a figure of factors that include stasis of blood, endothelial hurt and hypercoagulability of blood. PE is a major complication of DVT and occurs when a thrombus or blood coagulum detaches itself and is carried by the blood watercourse to the lungs. [ J32 ] Proximal DVT carries a higher hazard of PE than distal DVT. [ J30, Havig ] We focused on proximal DVT because it is much more faithfully detected by echography and is considered to be clinically more of import. [ J53: 11,12, cââ¬Å¾?eK list, c?Ya?ââ¬Å¡câ⬠?aâ⬠¦Ã¢â¬ ? ] DVT can happen in any venas. ( near cervix, etc. ) However, it is non including in this literature reappraisal becauseaÃâ à ¦ Upper limb DVT is being reported, peculiarly associated with cardinal venous catheters. ( K66, from J20:54 ) After a shot, blood coagulums can organize in the venas of the legs ( deep vena thrombosis, or DVT ) . These coagulums can interrupt off and be carried in the blood watercourse to the bosom and lungs ( doing pneumonic intercalation ) . This can be life endangering. [ J30 ] Deep venous thrombosis may take to pneumonic emboli, a frequent cause of evitable deceases. [ K52, from J53:1 ]Virchow ââ¬Ës threeThe pathophysiological mechanisms underlying DVT include venous stasis and hypercoagulability linked to an addition in thrombin formation and thrombocyte hyperactivity ( Virchow 1858 ) . [ J30 ] The happening of one or more factors of Virchow ââ¬Ës three ( stasis of blood, endothelial hurt and hypercoagulability of blood ) in the venous system frequently leads to deep vena thrombosis ( DVT ) ( Virchow 1858 ) . [ J18 ] DVT = PE = ( aà ¦Ã¢â¬Å¡eà ¦Ã¢â¬ °?PEcsââ¬Å¾incidence & A ; mortality rate ( acute + Rehab ) J43 P263 have ) Lower appendage DVT can be anatomically be divided into proximal DVT affecting the popliteal vena and proximal venas or distal DVT affecting the calf vena and distal venas. [ J59 ] DVT in the paralytic legs of patients with shot was reported every bit early as 1810 by Ferriar and once more by Lobstein in 1833. [ J45 ]Pathophysiology of DVT formationHarmonizing to the Medsurg, Venous return is aided by the calf musculus pump. When the legs are inactive or the pump is uneffective, blood pools by gravitation in the venas. Thrombus development is a local procedure. It begins by thrombocyte attachment to the endothelium. Several factors promote thrombocyte collection, including thrombin, fibrin, activated factor X, and catecholamines. In add-on, where the thrombocytes adhere to collagen, adenosine diphosphate ( ADP ) is released. ADP is besides released from the damaged tissues and disrupted thrombocytes. ADP produces thrombocyte collection that consequences in a thrombocyte stopper. Deep vena thrombi vary from 1mm in diameter to hanker cannular multitudes registering chief venas. Small thrombi are found normally in the pocket of deep vena valves. As thrombi become larger in diameter and length, they obstruct the venas, the ensuing inflammatory procedure can destruct the valves of the venas ; therefore ; venous inadequacy and postphlebitic syndrome are initiated. Newly formed thrombi may go pneumonic emboli. Probably 24 to 48 hours after formation, thrombi undergo lysis or go organized and adhere to the vas wall. Lysis diminishes the hazard of embolization. Pulmonary emboli, most of which start as thrombi in the big deep venas of the leg, are an ague and potentially deadly complication of DVT. Venous thrombosis is the procedure of coagulum ( thrombus ) formation within venas. Although this can happen in any venous system, the prevailing clinical events occur in the vass of the leg, giving rise to deep vena thrombosis, or in the lungs, ensuing in a pneumonic embolus ( PE ) . [ J56 ] In fact, approximately 90 % of DVT are of the go uping type. The possible for intercalation depends on the velocity and the extent of the moral force, go uping coagulum turning procedure. Almost all clinical PE originate from distal DVT. Merely the staying 10 % are derived from coagulums without connexion to the lower leg venas ( e.g. stray iliac vena thrombosis, transfascial great or little saphenous vena thrombosis, subclavian vena thrombosis, or catheter-related thrombosis ) . [ J58 ] Damage to the epithelial cell liner of the blood vas is one of the extrinsic factors triping the curdling cascade. The damaged endothelium efforts to keep vascular unity by adhesion and collection of thrombocytes. As the coagulating cascade continues, the concluding measure is the formation of thrombin, which leads to the transition of factor I to fibrin and the formation of a fibrin coagulum. ( Arcangelo & A ; Peterson, 2006 ) ( from K84, J40: Arcangelo ) Abnormal blood coagulums that adhere to the vas wall are known as thrombi. These are composed of blood cells, thrombocytes, and fibrin. Arterial thrombi are composed chiefly of thrombocyte sums and fibrin. Venous thrombi are composed of chiefly ruddy blood cells. The difference in composing is caused by the conditions in which the thrombus signifiers. In the arteria, the blood flow is high in comparing with the low flow conditions in the vena. The thrombus may go big plenty to interfere with blood flow within the vena or arteria. ( Mansen & A ; McCance, 2002 ) ( from K85, J40: Mansen ) If the thrombus detaches from the vas wall, it becomes an embolus. This nomadic coagulum travels thought the circulation until it lodges in a blood vas that is smaller than the coagulum. Distal to this point, blood flow is blocked and tissues or variety meats are deprived of O and nutrition. ( Mansen & A ; McCance, 2002 ) . The marks and symptoms associated with an embolus depend on the vena or arteria where Thursday coagulum becomes lodged. ( from K85, J40: Mansen ) In 1856, Virchow described the factors that predispose to venous thrombosis, including stasis, vascular harm, and hypercoagulability. These three factors are referred to as Virchow ââ¬Ës three. Stasis of blood may happen because of stationariness, age, fleshiness, or disease procedures. Trauma ( including surgery ) , endovenous ( IV ) canulation, medicines, and toxins are some of the many beginnings that may precipitate vascular harm. Hypercoagulability of the blood may be caused by assorted disease procedures and medicines. ( Mansen & A ; McCance, 2002 ) ( from K85, J40: Mansen )Why focal point on DVT instead than PE and VTE?A high proportion of patients with DVT besides have subclinical PE. [ K15, from J45:14 ] Most of the PE consequences from DVT ( delight happen literature to support ) Since lower limb DVT is the major beginning of PE, and the feature of prolong bed remainder of shot, this literature reappraisal will chiefly concentrate on the DVT at lower limbs. Approximately two tierces of these are below-knee DVTs, in contrast to unselected ( nonstroke ) patients showing with diagnostic DVT, in whom the bulk are proximal. [ J43 ] Most surveies show that PE seems to be much more common in patients with proximal and diagnostic DVT. [ K41, from J46:1 ] Clinical symptoms of DVT were developed by six patients ( oedema or hurting of the lower appendage, no instances of PE ) . ( out of 28, =21.4 % ) ( J48 ââ¬Ës consequence )Why shot patient easy to hold DVTThe general shot population is at hazard for DVT because of the undermentioned factors. First, there is an change in blood flow due to failing in the lower limb and a ensuing hypercoagulable province related to alterations in the blood. Second, vessel wall intimal hurt occurs related to alterations in blood and blood flow. Stroke patients may besides hold similar symptoms associated with DVT, such as swelling and Homan ââ¬Ës mark, that may be misinterpreted as being related to the shot. [ J50 ] Stroke patients are frequently bed-ridden, particularly during the acute stage, because of paresis. [ J50 ] Most of the shot patients are aged. ( age & gt ; ) , while aging is a important factors of the happening of DVT. Patients with shot are at peculiar hazard for developing deep venous thrombosis ( DVT ) and pneumonic intercalation ( PE ) because of limb palsy, prolonged bed remainder, and increased prothrombotic activity. [ J45 ( besides codification at J51 ) ] Sioson et Al. [ 46 ] reported 19 DVT events in the paretic limb, nine bilateral events and four contralateral in 32 patients prospectively followed. ( K49 from J46:46 )Why of import to forestallWHO estimates that 15 million people have a shot every twelvemonth, and this figure is lifting. ( K91, from J39:2 ) Venous thromboembolism is a common but preventable complication of acute ischemic shot, and is associated with increased mortality and long-run morbidity and significant health-care costs for its direction. ( K92, from J39:6 ) Without venous thromboembolism prophylaxis, up to 75 % of patients with unilateral paralysis after shot develop deep vena thrombosis and 20 % develop pneumonic intercalation, ( K93, from J39:8 ) which is fatal in 1-2 % of patients with acute ischemic shot and causes up to 25 % of early deceases after shots. ( K94, from J39:9 ) low molecular weight Lipo-Hepin and unfractionated Lipo-Hepin are hence recommended in guidelines from adept consensus groups.10-14 ( K95, from J39:10-14 ) The best intervention for VTE is bar. [ J34 ] Cause preventable decease [ J06 ] Deep venous thromboembolism ( DVT ) is an of import wellness issue in the hospitalized patients that leads to increased length of stay, morbidity, and mortality. [ J50 ] Early sensing of DVT is of import because of the hazard of pneumonic intercalation and its potentially fatal effects. However, it is good known that clinical characteristics of DVT and PE are notoriously nonspecific. [ J09 ] Despite betterments in bar ( SPARCL 2006 ) , small advancement has been made in handling shot with specific intercessions once it has occurred. ( K72, from J44 ) the happening of venous thromboembolism was about double higher in patients with an NIHSS mark of 14 or more than in those with a mark less than 14 ( in line with old studies25 ) ( K99, from J39:25 + J39self ) Patients with intracerebral bleeding ( ICH ) or ischaemic shot are at high hazard for development of venous thromboembolism ( VTE ) . ( K103, from J29:1 ) In comparing to patients with ischaemic shot, the hazard for VTE is higher in the haemorrhagic shot population. ( K104, from J29:2 ) Without preventive steps, 53 % and 16 % of immobilized patients develop deep venous thrombosis ( DVT ) or pneumonic intercalation ( PE ) , severally, in this population. ( K105, from J29:3 ) One survey detected DVT in 40 % of patients with ICH within 2 hebdomads and 1.9 % of those patients had a PE.4 ( K106, from J29:4 ) Development of VTE in the patient with ICH adds farther damaging complications to an already deadly disease with a 1-month case-fatality rate of 35 % to 52 % .5 ( K107, from J29:5 ) DVT besides prolongs the length of infirmary corsets, holds rehabilitation plans, and introduces a possible hazard for PE. ( K108, from J29:6 ) DVT prolongs hospitalization and additions health care costs. [ J01 ] DVT is the pathophysiological precursor of pneumonic intercalation ( PE ) . However, half of the DVT instances were symptomless. [ J01, K1 from J37:18, J37, J27 ] . Approximately one tierce of patients with diagnostic venous thromboembolism ( VTE ) manifest pneumonic intercalation ( PE ) , whereas two tierces manifest deep vena thrombosis ( DVT ) entirely. Furthermore, decease occurs in 6 % of DVT instances and 12 % of PE instances within 1 month of diagnosing. [ J46, J27 ] Clinically evident DVT was reported in 1.7 % to 5.0 % of patients with shot. Subclinical DVT occurred in 28 % to 73 % of patients with shot, normally in the paralytic limb. [ J45 ] The frequence of symptomless PE in patients with DVT to be 40 % . [ J50 ] Prevention of VTE is extremely effectual in take downing the morbidity and mortality rate of shot patients since PE histories for up to 25 % of post-stroke early deceases. [ J43 ] Boundaries JV, Wiebers DO, Whisnant JP, Okazaki H: Mechanisms and timing of deceases from intellectual infarction. Stroke 1981, 12:474-477.The rate of PE is likely to be underestimated because they are non routinely screened for, and necropsies are seldom performed. Fifty per centum of patients who die following an acute shot showed grounds of PE on necropsy. [ K68, from J13:7 ] The one-year incidence of DVT in the general population is estimated to be about 1 per 1000 ( 8 ) , nevertheless, it should be noted that much of the published informations are derived from patients who present with symptoms at medical establishments. Diagnosis of DVT has traditionally been based on clinical presentation, nevertheless, grounds from post-mortem surveies indicates that a significant proportion of VTE instances are symptomless. [ K10 from J55 ] Clinically evident DVT confirmed on probe is less common but DVTs may non be recognised and may still do of import complications. Pneumonic intercalation ( PE ) is an of import cause of preventable decease after shot [ K67, from J13:4 ]
Thursday, October 10, 2019
Barclays Plc and Abn Amro Case Study
[pic] London School of Commerce MBA E BARCLAYS PLC AND ABN AMRO CASE STUDY ASSIGNMENT London UK As one of the worldââ¬â¢s leading banks, with 135,000 employees in more than 50 countries, Barclays plays a significant role, from working with governments on major infrastructure projects to bringing banking to customers in emerging markets. Barclays is made up of two major businesses: Global Retail and Commercial Banking (GRCB) and Investment Banking and Investment Management (IBIM). There strategy is to achieve growth through time by diversifying their profit base making their growth relevant to their customers at all times. This case study will seek to examine the bid and intended acquisition of ABN AMRO, and the early acquisition of Banco Zaragozano by Barclays, the differences in performance of these two banks based upon the strategic a economic motives, focusing on the merger acquisition, and strategy implemented to effect improvements to reflect the results from 2002- 2006. 1. Evaluate Barclays strategy over the period of the case and prior to the ABN bid, paying particular attention to the global industry drivers and the group? s performance from 2002-2006. In order to understand the context that helps to formulate the strategic performance changes at Barclays PLC over and prior bid for ABN AMOR. Barclay? sââ¬â¢ origins can be found back in 1690 to John Freame and Thomas Gould. The named changed to its present form when James Barclay became a partner in 1736. Presently, Barclays is the third largest bank in the United Kingdom. The institutionââ¬â¢s primary focus is in retail banking, investment banking as well as investment management. Barclays operates in 60 countries with major point of interest in Europe, the United States, Asia, and Africa. Barclays is one of the ten largest banks global when measured by market capitalization (Barclays PLC, 2004). The institutionââ¬â¢s core business revolves around retail and investment banking, and it is the later that is being impacted by forces acting upon liberal market economies in varied European Union member states as a result of the aforementioned introduction of the Euro as well as globalization. As a result of the preceding, Barclays services the United Kingdom market as well as providing services to multinational companies located in differing market models. Barclays strategy. The bankââ¬â¢s strategy is to offer a full portfolio of services worldwide, providing a wide range of cross-selling opportunities, in order to achieve good growth through time by diversifying its business base and increasing its presence in markets and segments that are growing rapidly. This is driven by the Groupââ¬â¢s ambition to become one of a handful of universal banks leading the global financial services industry, helping customers and clients throughout the world achieve their goals. Moreover, the strategy of the bank is based on the principles of earn, invest and grow. Aligning business drivers with strategic options. The strategic options examined by Barclays were further direct investment or outsourcing to a ââ¬Ëpartnerââ¬â¢ bank and these were considered in the context of the bankââ¬â¢s key business drivers. These were:improving their operating model for trade processing; reducing the costs of their trade business in relation to people, infrastructure and services; improving their trade service capabilities and establishing a workable, non-competing, long-term ââ¬Ëpartnershipââ¬â¢. After considering all of the options, including a Joint Venture partnership, Barclays decided to outsource the processing aspect of its trade services offering to ABN AMRO and to focus on delivering enhanced client service. Performance Nowadays, the proliferation of banking consolidation within the industry is and has created a new era of international banking conglomerates in the global industry. The preceding is causing European based banks to appear small in terms of relative comparison. Barclays? peration in a liberal market economy means it competes with equity financing for corporations and as such, this does not represent a strength concerning its overall performance base. According to group? s performance from 2002-2006 identifies that Barclays? performance underpinnings are represented by its strategy of acquiring other banking (such as ABN Amro and Banco Zaragozano) concerns to expand its retail as well as other banking services through representation in international marke ts as represented by the bankââ¬â¢s presence in 60 countries. This provides Barclays with the means to sell its highly profitable investment banking services as well as be positioned to service the cadre of multinational companies that utilize its diverse banking financial service packages. On the other hand, ABN AMRO bank has a presence in 76 countries and territories. Using its worldwide network the bank provides universal banking services consisting of commercial and investment banking products to corporate nationally and internationally operating clients as well as personal and private banking customers. In 2007, Barclays announced the proposed acquisition of ABN AMRO bank, in order to expanded their distribution base. The deal was valued at â⠬67 billion. On October, the RFS consortium led by Royal Bank of Scotland, bidding for control of ABN AMRO, formally declared victory after shareholders, representing 86 percent of the Dutch bankââ¬â¢s shares, accepted the RFS groupââ¬â¢s â⠬70bn offer. Barclays is known a consistent performer delivering steady profitability results, 20% increase in profit before taxes in 2003, and again in 2004, and one of the lowest cost to income ratios with regard to banks in the UK. The preceding indicates that Barclays is well managed. Barclays? focus on internal administrative consolidation as well as the acquisition of banking concerns represents its recognition in order to maintain growth in revenues, return on equity, dividends and profits in response to maintaining a high market capitalization that tends to make it a relatively unattractive takeover target as a result of the high premium required to acquire it Barclays? retail banking arm is clearly supported by the huge success of its Barclaycard division that has set industry standards in terms of innovations in customer utility. Barclays? resence in 60 countries further strengthens the utility of this card providing business and retail customers with access to their financial accounts globally (Barclays PLC, 2004). The aforementioned diversity in operations is a result of the economic strength of global industry market based economies that have fully recovered from the global recession events of 2002. B arclays? banking acquisition strategy is a direct outgrowth of the foregoing in keeping with the consolidation mania initiated by U. S. based banks. According to ABN AMRO bank performance, financial results in 2006 added to concerns about the bank's future. Operating expenses increased at a greater rate than operating revenue, and the efficiency ratio deteriorated further to 69. 9%. Non-performing loans increased considerably year on year by 192%. Net profits were only boosted by sustained asset sales. From 2002 to 2006, the further progress being made as a result of understanding the corrective measures that were and are needed to be taken. Barclays ? performance throughout this period has remained consistent and steady as the bank has not lost sight of the competencies that helped it achieve acceptable historical performance. . Compare and contrast the intended acquisition of ABN with that of the earlier acquisition of Banco Zaragozano, paying particular attention to the merger rationale and the motives in each case and the likely synergy gains resulting from the integration of ABN. According to the drivers of the bidding war that preceded the intended acquisition of ABN AMRO bank and the acquisition of Banco Zaragozano by Barclays in 2003, it is important to understand why merger and acquisition (M) take place and the potential gains of doing so. But first some definitions. Mergers and acquisitions. Mergers and acquisitions (M) are considered as consolidation strategies where a change of control takes place through a transfer of ownership. A merger is the combining of two or more companies into a single corporation. This is achieved when one company or business purchases the property or some other form of assets from another company. The result of this action is the formation of one corporate structure. This new corporate structure retains it is original identity. An acquisition is a little different from a merger n that it involves many problems being dissolved, and an entirely new company being formed. The main theory of merger and acquisition is synergy, that is, one and one makes three. Through synergy, managers create greater value with the integration of two companies, rather than that of their individual parts. Strategic and economic motives. The strategic of Barclays with the intended acquisition of ABN AMRO bank was to created a big opportunity with the purpose to deliver a new period of faster growth for shareholders in general. Moreover the intended investment would be implemented at a reasonable price slightly below the recent market trading price. The merger for Barclays was focused in a strong financial performance provides clear strategic advantages as well as stature on the world business state. The proposed merger with ABN AMRO, offered a unique opportunity to become a leading force in global retail and commercial banking with an stimate 47 millions customers, in order to increase financial returns to their owners beyond the rate of the stand-alone entities. And the fact that this merger, combining the strengths and values of both businesses, gives them confidence in delivery, both in terms of synergies, and determined in considerable detail by ABN AMRO bank and Barclays, in terms of a clearly defined and transparent management structure that we are putting in place. In terms of growth for shareholders, the combined entity would offers a diversified portfolio, both by geography and by business. Exposure to high-growth developing markets represents about a quarter of the enlarged pro forma profit base. Business segments such as investment banking and investment management, which have as we know strong growth opportunities driven by demographic trendS represent about half of profits For Global Retail and Commercial Banking, the merger would create the fourth largest retail and commercial bank worldwide by market share, and in a world where the needs and buying behaviours of retail and commercial customers are growing more similar, this will create economies of scale. Furthermore, the benefits generate by the merger between both banks would be: complementary networks, a strong presence in attractive European markets; significantly enhanced positions in high-growth developing markets; a much larger distribution network; and the opportunity to deliver considerable economies of scale. The main reason behind Royal Bank of Scotland (RBS), has trumped Barclays? offer for ABN Amro. The for each ABN AMRO share, 79 per cent of which will be in cash, with the remainder in RBS shares. The cash element was higher than expected and the bid, valuing ABN at E71bn (? 8bn), beats Barclays? agreed all-share offer, worth E64. 5bn. The deal offers better value for ABN AMRO bank shareholders. And price is not the only factor, Royal Bank of Scotland (RBS) also combined cost savings would reach E4. 23bn by the end of 2010, easily beating Barclays? estimated savings of around E2. 8bn. In essence the driving force behind the success of the Royal Bank of Scotland (RBS) bid over Barclays was in fact the higher share price expectations offering the perfect icing. That partly reflects the radically difierent strategic visions of the two banks. Barclays is looking to build a huge universal bank where cross-border synergies could be limited. But the Royal Bank of Scotland (RBS) consortium wants to generate a type of ââ¬Å"in-market synergiesâ⬠, by breaking-up ABN AMRO. On the other hand, in 2003, Barclays announces the completion of its acquisition of Banco Zaragozano, at a cost of ? 788 million which fit nicely into Barclays' strategy to grow its business in Europe. Barclays has been present in the Spanish market for 25 years and it the most profitable foreign-owned bank in the country. The acquisition of Banco Zaragozano to its arsenal makes Barclays the sixth largest private bank in Spain (much of the market is dominated by publicly-owned banks) and triples Barclays customer base and branch network. Barclays aimed to be one of the top five banks in the world and for that it would consider acquisition to achieve the goal. Further, Barclays believes that a physical retail and commercial banking presence is a significant enabler of investment banking growth. The acquisition of Banco Zaragozano, shows that strong retail presence generates ood new business opportunities for global businesses such as investment banking and credit cards. The success or failure of a deal also depends on the time horizon over which evaluation is done. Normally, in the short term, stock reactions to merger announcements tend to raise the target's stock price, while the stock of the acquirer stays about the same. This is normally attributable to the expectation that there will be a bid that is successful and involves a premium above the current market price of the stock. Acquirer prices stay the same, in general, as the market reacts conservatively, depending on the specifics of the deal. 3. Identify what you believe to the key success factors necessary to sustain competitive adavantage in the global financial services industry and briefly discuss the implications for the firm? s competencies, structure, and ehical/corporate governance. Critical success factors (CSFs) have been used significantly to present or identify a few key factors that organisations should focus on to be successful. As a definition, Critical success factors refer to ââ¬Å"the limited number of areas in which satisfactory results will ensure successful competitive performance for the individual, department, or organisationâ⬠(Rockart and Bullen, 1981). Identifying CSFs is important as it allows firms to focus their efforts on building their capabilities to meet the CSFs, or even allow firms to decide if they have the capability to build the requirements necessary to meet Critical success factors (CSFs). The main keys success factors for Barclays in the case study are, with over three hundred years of history and expertise in banking Barclays has seen and has gained a reputation for being a trustworthy and a reliable institution to bank and invest with. This reputation has seen it grow into over 50 countries and become truly universal bank providing loans, investments and protecting the money of over 42 million customers and client worldwide. Another reason for the success of Barclays would be that it follows a simple strategic premise; ââ¬Ëanticipates the needs of customers and clients and serve them by helping them achieve their goals. Part of Barclays recent success has been their ability to target and identify upcoming emerging markets for example: India, parts of Asia and Africa, namely South Africa, expanding its retail network and cash machine availability. Despite being a truly global corporation from a basic bank account to funding Governmental projects, Barclays focus ha s always been to meet the needs of the individual customer. Furthermore, competitive advantages are difficult to create. It is even more difficult to sustain. Community banks usually can not achieve a cost advantages, especially in head-to-head competition with larger, high-volume institutions. That leaves differentiation as their primary method for creating Competitive advantages. But that approach is also problematic. It is clear that technology is playing a bigger and bigger role in banking. But today most banks are using functionally identical systems to develop and deliver products and services. This uniformity of technology has resulted in commoditized banking ââ¬â the antithesis of differentiation. So while emerging technology can create a temporary advantage, sustainable differentiation based solely on technology is virtually impossible. To make matters worse, technology has actually eliminated some of the historical advantages enjoyed by community banks. Thanks to CRM, personalized service ââ¬â once the sole province of community banks ââ¬â is now possible for even the largest institutions. Sustainable Competitive advantages is created by leveraging organizationââ¬â¢s unique blend of attributes ââ¬â brand equity, reputation, geographic footprint, specialized knowledge ââ¬â and articulating it clearly and consistently to your market. Barclays is an excellent example of a bank that has achieved Competitive advantages through specialized knowledge. On the other hand, on the global financial services industry corporate governance is essential to the wellbeing of an individual company and its stakeholders, particularly its shareholders and creditors. But sound corporate governance is not just a vital factor at the level of the individual corporation. It is also a critical ingredient in maintaining a sound financial system and a robust economy. And that is why governments have taken such an interest in recent examples of corporate governance failures. It is also why banking supervisors are placing greater emphasis on the role that corporate governance can play in promoting financial stability. In the financial system, corporate governance is one of the key factors that determine the health of the system and its ability to survive economic shocks. The health of the financial system much depends on the underlying soundness of its individual components and the connections between them ââ¬â such as the banks, the non-bank financial institutions and the payment systems. In turn, their soundness largely depends on their capacity to identify, measure, monitor and control their risks. Barclays have designed good corporate governance policies and practices in order to ensure that they are focused on their responsibilities to shareholders and on creating long term shareholder value, and ensuring that behaviour is ethical, legal and transparent. In firms, structure is basically the best way to organize it, in order to accomplish it is objectives. It acts as the medium that facilitates the accomplishments of the organizational goals. It also helps to identify the key activities of the organizational processes and how they are coordinated. Moreover, successful strategy implementation depends to a large extent on the firmââ¬â¢s primary organizational structure. A primary organizational structure comprises the firmââ¬â¢s major elements, components, or differentiated units. Other means of getting organized are through reward systems, coordination terms, planning procedures, alliances, information, and budgetary systems. Geographical structure It is common in firms that have grown by expanding the sale of their products of services to new geographical areas. In these areas, they frequently encounter differences that necessitate different approaches in producing, providing or selling services or products. The key strategic advantage of this structure is responsiveness to local market conditions, a clear example of that is the intended acquisition of ABN AMRO and the early acquisition of Banco Zaragozano. To conclude, after being satisfied with its progress in the United Kingdom, Barclays decided to make its name international by going abroad which was another great move. In the United Kingdom, Barclays had acquired many other small banks, such a Banco Zaragozano, gained large market and profits with each acquisition. As a result of this growth, this company had reached its maturity stage within UK itself; it has reached its peak of growth. Further, Barclays, performance throughout 2002-2006 has remained consistent and steady as the bank has not lost sight of the competencies that helped it achieve acceptable historical performance. Bibliography â⬠¢ Barclays PLC. 2004. Annual Report. Barclays PLC, London, United Kingdom. â⬠¢ Calmfors, Lars, Driffil, John. 1988. Centralisation of Wage Bargaining. Vol. 6. Economic Policy Dammann, N. 2008. The Bidder Competition for ABN AMRO: A Strategic Analysis and Implications â⬠¦Bachelor tesis. â⬠¢ Esping-Anderrsen, Gosta. 1990. Three Worlds of Welfare Capitalism. Princeton University Press, Princeton, New Jersey, United States. â⬠¢ Foster, S. Reed A. , & Nesvold P. 1999. The art of M & A: a merger, acquisition, buyout guide. Fourth edition. â⬠¢ Friedman, Thomas. 1999. The Lexus and the Olive Tree. P 105. Anchor Books, New York, New York, United States â⬠¢ Hall, Peter, Soskice, David. 2001. Varieties of Capitalism: The Insitutional Foundations of Comparative Advantage. Oxford University Press, Oxford, United Kingdom. Ireland, D. , Hoskisson, R. , & Hitt, M. 2008 Understanding Business Strategy: Concepts and Cases. Second edition â⬠¢ Monks, R. , & Minow N. 2008. Corporate Governance. Fourth edition â⬠¢ Rockart, J. & Bullen, C. , 1981. A primer on critical success factors. Center for Information Systems Research Working Paper No 69. Sloan School of Management, MIT, Cambridge, Massachusetts. â⬠¢ Tibergien, M. & Pomering. 2005. R. Practice made perfect: the discipline of business management for financial. Bloomberg.
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