Thursday, December 26, 2019
The Cultural Anthropology Margaret Mead - 890 Words
Cultural Anthropology was not something I ever thought I would be interested in. During this class I have learned many new things about other people and how they live. This is by far my favorite class this semester and I just love hearing about other peopleââ¬â¢s way of life. So, with my newfound love for cultural anthropology I decided to write about one of the most influential female anthropologists. I decided to write about Margaret Mead. I want to discuss her early life. Then, move on to her life as an anthropologist. Lastly, I would like to discuss her contributions to todayââ¬â¢s cultural anthropology. Mead was brought into this world on December 16, 1901 in Philadelphia, Pennsylvania. She was brought up in a household full of social scientists. Her father was a professor at Wharton School of Finance. Her mother was an early supporter of womenââ¬â¢s rights and a sociologist. She grew up in a freethinking home and her parents were very proud supporters of her. They enco uraged her along with her other siblings. Her grandmother a child psychologist was very active in her grandchildrenââ¬â¢s lives. She got Mead into watching the actions and behaviors of small children to figure out the reason behind them doing what they do. Meadââ¬â¢s school life was not typical of a child her age. She skipped around with school, some say it was due to all her educators at home. At the young age of eleven she joined the Episcopal Church. Even though she loved ritual and traditions she wanted change. SheShow MoreRelatedCritical Analysis Of The Mead-Freeman Debate1283 Words à |à 6 PagesControversy: Critical Analysis of The Mead-Freeman Debate Research Topic Outline In 1983, Derek Freeman challenged Margaret Meadââ¬â¢s 1928 ethnographic work Coming of Age in Samoa, Freeman asserted that Meadââ¬â¢s conclusion of adolescent behavior conflicted with important facts within the social sciences. Freemanââ¬â¢s critique sparked an intense controversy in anthropology regarding the concept of nature versus nurture. Freeman claimed that Boasiansââ¬â¢ insisted on separating cultural determinism (nurture) from biologicalRead MoreAnalysis Of Margaret Meads Coming Of Age In Samoa1227 Words à |à 5 Pages31, 1925, Margaret Mead arrived in Pago Pago, American Samoa to conduct ethnographic research on a particular problem. Prior to her arrival in American Samoa, Mead with the guidance of her mentor Franz Boas, decided to investigate the lives of adolescent girls in Samoa as a focal point of her research. Mead chose this subject matter due to her speculation that the period adolescence within the United States during the 1920s was filled with stress and a period of turbulence; therefore, Mead hypothesizedRead MoreAnthropology In The Early-Twentieth-Century Contained Theories872 Words à |à 4 PagesAnthropology in the early-twentieth-century contained theories that departed from those of the unilineal evolution in the nineteenth century. The unilineal evolutionary theory argued that all societies passed through a single evolutionary process; therefore, progressing from being a primitive society to the most advanced, or civilized, in a uniform manner. The theory that species were thought to evolve into increasing complexity was applied to societiesââ¬â¢ development to progress from a simple to complexRead MoreThe s Work Sex And Temperament1969 Words à |à 8 Pagesin Three Primitive Societies, because it ââ¬Å"completed the trilogy on these native culturesâ⬠(Flaherty 2002, 1). Simply put, not only do these works play a significant role in Meadââ¬â¢s life, but they hardly represent all of what Mead has done. In thi s anthropological research, Mead observes three tribes, ââ¬Å"(1) the Arapesh, a hill tribe near the coast of Aitape, in the Mandated Territory of New Guinea, (2) the Mundugumor, on the Yuat (Dà ¶rferfluss), the second southern upstream tributary of the Sepik RiverRead MoreCritical Annotation of Watson Reading and Commentary Reading1765 Words à |à 7 PagesCritical Annotation of Watson Reading and Commentary Reading 5 Question One Assignment 2 Reading Watson, C.W. (Ed.). (1999).A diminishment: A death in the field (Kerinci, Indonesia). In Being there: Fieldwork in anthropology (pp. 141-163). London: Pluto Press. In his reading, A Diminishment: A Death in the Field (1999), Watson analysed two critical issues that have preoccupied anthropologists for nearly four decades. These issues include the extent to which personality of the anthropologistRead MoreGed 210 Unit 1 Examination Answers960 Words à |à 4 PagesFor More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com 1. Which of the following would not be considered a specialization within the discipline of physical anthropology? â⬠¢ human anatomy â⬠¢ paleopathology â⬠¢ primatology â⬠¢ phonology 1. The material products of former societies are known as: â⬠¢ artifacts â⬠¢ fossils â⬠¢ legacies â⬠¢ antiquaries 1. Anthropologist, Spencer Wells, is the director of the geographicRead MoreRuth Fulton Benedict Essay2030 Words à |à 9 PagesConsidered a pioneer in her time, Ruth Fulton Benedict was an American anthropologist who helped to popularize anthropology while introducing such terms as culture and racism into common place language. As an advocate against discriminatory attitudes, Benedict advocated for tolerance and individuality within social norms and expectations and sought to determine that each culture has its own moral imperatives. Considered her most famous written work, Patterns of Culture, Benedict explores the differencesRead More The Complexity of Sex in a Complex Culture Essay example1089 Words à |à 5 Pagesambiguities are developed.à Culture also plays a key role in how specific individuals define sex.à Political, anthropological, and social debates occur because of ambiguous terms and cultural differences regarding sex, as well as because social taboos do not always dictate behavior. à Margaret Mead, in her anthropology essay Sex in Samoa, claims that the Samoan adolescent girls experienced sexual freedom and love-making.à Differences, in the Samoan and American cultures regarding sex, causedRead MoreThe Twentieth Century : Cannibals And Kings ( 1977 ) By Marvin Harris And Coming Of Age1297 Words à |à 6 Pagesand Coming of Age in Samoa (1928) by Margaret Mead. Each of these works were pioneering in their contribution to anthropology, and both have also been widely criticized. Margaret Mead (1901-1978) is widely regarded as one of the most renowned, and controversial, anthropologists of her time, and helped popularize the discipline, especially in the USA where she was born and worked (Geertz 1989: 329). She was a student of Franz Boas and his teachings of cultural relativism, and was also one of the pioneersRead MoreGregory Bateson And His Quest3338 Words à |à 14 Pagescontributed to multiple subfields within anthropology along with other fields in the s ocial sciences. Bateson never completely settled into one field, but rather, he synthesized his knowledge to incorporate it into his epistemology and methodologies. Gregory Batesonââ¬â¢s contributions to anthropology range from providing new methods of ethnography, helping to establish the field of visual anthropology, influencing ecological, psychological, and linguistics anthropology, to moving cybernetic theory from the
Wednesday, December 18, 2019
Fifa Is An Absolute Disgrace And One Of The World Cup Essay
are affected due to if there will be another World Cup where they can show off their talents to all of the countries around the world and make a salary to provide for their families. The final peripheral stakeholder in this case has to be the fans due to the fact that they are the ones that fill the seats and have the World Cup make so much money in the first place and without them, there would not even be a World Cup. Also without funding there will be no FIFA organization. It is an absolute disgrace and one of the worst decisions that FIFA has ever made. It is without a doubt a symbol of the blatant corruption and back scratching that goes on in the world game and an affront to the history of the World Cup. Not to mention that stories continue to emerge of the systemic corruption that has occurred around the awarding of the World Cup rights. What are the Possible Solutions to the Issue? From what we know, FIFA is solely responsible for possible legal ramifications that can hurt the sport of football. For Sepp Blatter and Michel Platini, in the article of the Independent, ââ¬Å"It is understood this request will be for bans of several years, based on four potential ethics code breaches: mismanagement, conflict of interest, false accounting and failure to co-operate with, or criticizing, the ethics committee.â⬠(2015). they are a conflict of interest where in a situation the concerns are or aim at two different parties which are incompatible. They are breaches of
Tuesday, December 10, 2019
An Essay Is Like a Journey free essay sample
Your introduction is like a signpost at the beginning of a trail. It tells readers where you are going to take them, and what they will see along the way. As you think about your introduction, ask yourself: * What Is my main Idea or thesis? * Who are my readers? What language will I need to use to slut them? Are the main ideas I will talk about in each paragraph? Body What The body of the essay moves the reader along toward the destination or goal.It might eave one paragraph, but usually It has several. Each paragraph Is related to one of the points you want to show the readers along the way. Some points may take more than one paragraph to develop completely. There should be connections and transitions between the points you show the reader. As you think about the body of your essay, ask yourself: What points do I want to make to help my readers understand my Idea? * What examples can I use to help the reader understand each point? * What evidence do I have that each point is true?How can I keep the reader interested in following my ideas? Conclusion The conclusion Is the end of the Journey. We will write a custom essay sample on An Essay Is Like a Journey or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It looks back on the points you have shown the reader, and reinforces, but does not necessarily repeat, the main idea. It also should create a feeling of ending, a farewell to the reader. As you think about your conclusion, ask yourself: ; How has the readers mind been changed by following my points and examples? ; What main points do I want to reinforce to make sure the reader understood them? How do I get the reader to think about my ideas AFTER they have finished reading? An Essay Is Like a Journey By Quadripartite * What is my main idea or thesis? * Who are my readers? What language will I need to use to suit them? * What have one paragraph, but usually it has several. Each paragraph is related to one of * What points do I want to make to help my readers understand my idea? * What The conclusion is the end of the Journey.
Monday, December 2, 2019
Should the primary objective of management be to increase the wealth of shareholders and owners
Introduction Business administrators and scholars often debate about the goals that managers have to achieve. It is often believed that these professionals should be mostly concerned with the wealth of owners and shareholders.Advertising We will write a custom essay sample on Should the primary objective of management be to increase the wealth of shareholders and owners? specifically for you for only $16.05 $11/page Learn More Such an assumption can seem quite plausible, because every company will cease to exist provided that it does not bring revenues to its investors. However, it also has to create the value for customers, community and employees. Without it, the very sustainability of this organization can be put under threat. Moreover, a manager who thinks only about financial benefits, can compromise his/her ethical principles. This paper is aimed at showing that maximization of profits can be possible only if the management of a company strives to follow both ethical and legal rules. Their main goal is to create value for customers, employees, and the society in general. They should not focus only on the needs of owners or stockholders. This is the main thesis that should be discussed. The first section of this paper will analyze theoretical origins of the belief that the primary objective of management is to maximize the wealth of owners. In particular, it is necessary to focus on the works of Milton Friedman and the way in which his ideas could be misinterpreted. Moreover, this section will show that long-term profitability of businesses is impossible without ethics and social responsibility. The second section will identify the benefits of creating value for various stakeholders. Finally, the third section will examine the dangers of thinking only about financial performance and profitability.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Le arn More Profits as a core objective of management The idea that wealth maximization should be the top priority for managers has been discussed in the works of many economists. One of them was Milton Friedman who argued that businesses had to concentrate on their profitability (Friedman as cited in Cosans 2009, p. 391). This argument could be very appealing to many corporate executives because by adopting this approach they could resolve or even dismiss many ethical dilemmas and problems. Moreover, many business administrators assumed that a company could do whatever it deemed necessary provided that these actions did not contradict the law (Cosans 2009, p. 392). Therefore, this business philosophy frees an organization and its managers from many restrictions and obligations that can be related to the rules of ethics. This is why it enjoyed popularity for a long time. Even now many business administrators apply this principle, even though they can speak about corporate social resp onsibility of their companies. Unfortunately, many business administrators and even scholars simplify the ideas of Milton Friedman. In fact, he did not exclude ethics from the functioning of companies. He said that the activities of a profit organization ââ¬Å"should be conforming to the basic rules of societyâ⬠(Friedman as cited Cosans 2009, p. 393). Overall, he placed emphasis on such issues as compliance with the law, unacceptability of deception, and openness of the company (Friedman as cited Cosans 2009, p. 396). This entity was not allowed to disregard the needs of other stakeholders such as customers or workers. This is why ethics and profit seeking should not be separated from another. Thus, even if managers believe that their main task is to increase the wealth of owners and stockholders, they should not try to achieve this objective at any cost. Business administrators or corporate executives have to reconcile the needs of an organization with legal and ethical stan dards; otherwise their work can hardly be viewed as successful.Advertising We will write a custom essay sample on Should the primary objective of management be to increase the wealth of shareholders and owners? specifically for you for only $16.05 $11/page Learn More Thus, those managers pursuing profits at any cost should not suppose that many scholars support this approach. There is no way in which one can reject the restrictions of business ethics. Ethical aspects of businesses continue to attract the attention of many scholars and many of them believe that ethics and responsibility are necessary for successful functioning of markets or even entire economies. For instance, William Shaw (2009) admits that businesses are driven by self-interest, yet, he also points out that by following only economic players can achieve long-term benefits only if they follow a certain set of rules (p. 568). To a great extent, the situation reminds the so-called prisone rââ¬â¢s dilemma in which a player has to sacrifice some of his/her interests in order to succeed (Shaw 2009, p. 567). For instance, car manufacturers have to place much emphasis on the safety of their customers, even though they have to incur extra expenses and even recall many cars. Provided that they choose to neglect this issue, they can simply lose the trust of their clients. In this regard, one can mention the notorious case of Ford Pinto. The management of Ford Corporation chose not to recall the car that had a poorly designed gas tank (Danley 2005, p. 234). When this information was revealed, the reputation of Ford Corporation suffered a severe blow. More importantly, their revenues began to decline. This case illustrates that ethics has to be an inherent part of businesses activities, because without them, no form of cooperation will be possible.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The thing is that business activities are premised on long-term cooperation and the formation or partnerships or alliances (Solomon 1999, p. 18). They can hardly exist provided that partners think only about their self-interests. Apart from that, this example shows that companies are dependent on many stakeholders, for instance, customers. Although, they do not own stocks of a company, they can strongly influence this organization. In this context, the term stakeholder can be defined as every person or organization that can affect a company is affected by it (Fassin 2012, p. 85). This is another reason why profit maximization cannot the sole objective of managers. On the whole, managers should not assume that ethical decisions always run against the self-interest of a company or individual. This is the assumption that only harms many businesses. Profitability and responsibility toward various stakeholders are quite consistent with one another. This is the main issue that business ad ministrators should consider. Such scholars as Bryan Husted and Jose Salazar (2006) argue that modern firms should not be forced to behave in a socially responsible way (p. 75). Under such circumstances, they will act as ââ¬Å"coerced egoistsâ⬠(Husted Salazar 2006, p. 76). Most likely, the managers of these organizations will only speak about social responsibility without actually practicing it. The main argument of these authors is that the ethical principles should be imbedded into the strategies of an organization. In their belief, the goals of stakeholders and stockholders do not oppose one another. In fact, one should draw a line between them. Managers should remember that it is possible to increase the wealth of stockholders without compromising ethical and legal norms. The following two sections will discuss various rationales for behaving in a socially responsible way. Creation of benefits for stakeholders At this point, it is necessary to demonstrate why managers sh ould pay attention to the needs of various stakeholders. First, even if a person assumes that the task of a business is the maximization of profits, there is still no clear-cut strategy for attaining this goal (Shaw 2009, p. 573). The need to increase revenues does not actually show the path that managers should take. Thus, one still has to evaluate alternative strategies that are available to the company. Some of them can correspond to the standards of corporate social responsibility while other cannot. In his article, David Ahlstrom (2012) points out that the most successful companies have some features in common; in particular, they are willing to create innovative goods or services that benefit customers and society (p. 12). These organizations create employment opportunities in the community and make the lives of people more comfortable. In other words, these companies strive to create value for various stakeholders. They have some of the following characteristics: 1) the empow erment of employees; 2) customer orientation; 3) the adoption of eco-friendly technologies; 4) accountability of corporate executives (Bejou 2011, p. 3). These are the most distinctive traits of these organizations. Among them one can distinguishing such corporations as Apple Inc, Google, ATT and many others. They occupy leading position in their markers. These examples are important because they show that a responsible behavior of a company does not necessarily harm its financial performance. Furthermore, one should take into account that peopleââ¬â¢s attitude toward businesses have evolved within the last fifty years. According to David Ahlstrom (2012), contemporary societies expect companies to bring benefits to the community (p. 22). These organizations should be accountable to both governmental organizations and community in general (Smith 2003, p. 63). Thus, a company that is driven only by self-interest will find it difficult to achieve success. The idea that revenues are the only goal of a business, could be acceptable thirty or forty years ago. However, it cannot be easily tolerated by people who live at the beginning of the twenty-first century. In the modern world, corporate social responsibility is a norm that an organization should adhere to. This is one of the issues that corporate executives should not overlook if they want to be successful in the workplace. It is hardly permissible to assume that advanced societies will tolerate pure pursuit of profits at the expense of the entire community. Furthermore, it is necessary to point out that for-profit organizations influence and can be influenced by a variety of people or organizations. Among them, one can single out stockholders, customers, governmental organizations, employees, trade unions, environmental organizations and so forth. Admittedly, stockholders occupy the most important place, because they invest capital in a company. Any company will simply go bankrupt provided that their needs are not fully met. Their prosperity should be the main priority for management. However, one should not disregard other stakeholders, such as customers or workers. They can affect the public image of an organization, its revenues, and internal performance. Without their commitment the very sustainability of a company can be jeopardized. Those business administrators, who focus only on the wealth of stockholders, can forget that their companies depend on other people, for instance, customers whose attitudes can profoundly impact the sales rates every company. Such corporate executives can actually lead the companies to stagnation. Therefore, managers should determine the way in which certain stakeholders can affect a company. In this way, they can better develop long-term strategies of this business. The main point is that businesses and stakeholders are interdependent entities and they have to find solutions that benefit each side. Additionally, one should note the majority of succe ssful companies are those ones which were able to win the trust of loyalty of the employees who are very influential stakeholders. If these people feel that they are valued by the organization, they will be more likely to be committed to the goals that the management sets (Bejou 2011, p. 4). They will be willing to defend the reputation of a business. More importantly, these people can hardly accept an idea that they are treated only as means for increasing the wealth of shareholders. If they realize that the management does not attach much importance to their needs, they will fewer incentives to work harder. The management will be able to motivate them only with the help of financial rewards or punishments. Moreover, one can even expect them to violate the rules that the management sets. Employees can also be considered as stakeholders and they can shape financial and organizational performance of every company. For instance, they can affect the companyââ¬â¢s relations with its clients. Therefore, a good manager will try to find a compromise between the needs of these people and the interests of stockholders. This is one of the main tasks that corporate executives should try to cope with when they will develop long-term strategies of companies. When discussing the need for corporate social responsibility, one should not focus only on ethical considerations. It is also possible to mention economic rationale for adopting this strategy. The study carried out by Pieter van Beurden and Tobias Gà ¶ssling (2009) shows that companies, which adhere to the principles of CSR, usually yield better results (p. 409). These authors identify various forms of corporate social responsibility, namely, philanthropy, accountability to the public, environment protection, and promotion of diversity in the workplace (Beurden Gà ¶ssling 2009, p. 409). These scholars found a positive relationship between the ethical behavior of an organization and its financial performance. Soci ally responsible business activities can positively affect market return, share price appreciation, and stock performance (Beurden Gà ¶ssling 2009, p. 411). Surely, in each case, the degree of positive influence varies, but there is a marked correlation between business ethics and improved performance. Moreover, the researchers single out other benefits of corporate social responsibility (CSR). For instance, Jacqueline Cramer and Fred Bergmans (2003) identify the following advantages that CSR can bring: 1) a good reputation that is earned through ethical business practices; 2) improved energy efficiency that can be achieved through the use of alternative energy technologies; 3) greater commitment of workers; and 4) the trust of customers (p. 50). Some of these benefits can be measured quantitatively, in particular, economic efficiency, in turn, some of the advantages are intangible. Yet, in each case, CSR can give a company competitive advantage over its rivals. Yet, this goal can be attained only if managers strive to reconcile the needs of different stakeholders who do not necessarily have to be owners or shareholders. A good company should be able to identify the ways in which it can influence others; they also have to think about the possible impacts of stakeholders on their performance. This knowledge will help this organization acquire and retain leading positions in the market. The following section will focus on the risks that managers take when they focus only profitability. The drawbacks of disregarding corporate social responsibility Some corporate executives may be reluctant to follow the principles of CSR because possible advantages do not always yield numerical measurement. This is why one should mention that increased emphasis on the revenues can actually harm a company in the long-term. The thing is that such an organization can become unwilling to adopt new business models or technologies. In many cases, corporate executives pay attention on ly to the short-term profitability of their businesses and overlook the needs and values of other stakeholders. Secondly, they can overlook the risks that are associated with the pursuit of profits. Such corporate leaders can overlook the dangers to which their companies can be exposed to (Christopoulos, Mylonakis, Diktapanidis 2011, p. 11). They often forget that in most cases such a strategy only harms a business. For example, one can mention such a company as Lehman Brothers. This management of this corporation was primarily concerned with the increase of short-term profitability (Christopoulos, Mylonakis, Diktapanidis 2011, p. 11). Very little attention was paid to the obligations that Lehman had toward investors and their interests. Yet, they did not to assess the threats to which they were exposed. As a result of this policy, many employees and investors lost their money. One can even argue that the recent financial crisis can largely be explained by unscrupulous policies of many businesses and unwillingness to think about long-term growth of businesses. Thus, managers should remember about the dangers of looking only at financial performance, and disregarding the social performance of a company. As it has been said before, profitability of a company and ethical behavior are usually inseparable from one another. It should be noted that the majority of modern companies are not monopolies. Only such organizations can dictate their terms to the customers and sometimes even to the entire community. Nevertheless, the number of such monopolies was reduced to a minimum. As a rule, contemporary businesses have to face severe competition. They have to differentiate themselves among others only by creating a distinct value for the customers. Provided that this goal is not achieved, a company will become stagnant or simply lose its positions in the market. Those companies that are driven by the pursuit of profits often fail to identify the needs and values of cus tomers. Therefore, it will be difficult for this organization to differentiate its products from those ones manufactured by its competitors. In the future, the revenues of this company may decline. Thus, mere pursuit of revenues can actually be self-defeating because it does not allow a company to create innovative products. Thus, managers should take this possibility into account and minimize such risks. Furthermore, one should not forget that businesses can be affected by governmental organizations. For instance, there are environmental agencies, departments of labor, internal revenue services, trade commissions, and so forth. They are able to impose fines on the company or develop regulations that can restrict the activities of many businesses. These institutions have the capacity to coerce every company. Besides, those businesses that disregard the rules of ethics often have to face many lawsuits. Sometimes, the costs of these lawsuits can be devastating for an organization. Thu s, there is a distinct and economic need to think about the needs of the community, customers, or employees. Loss aversion may not be the most ethical reason for behaving in a socially responsible way, but even in this way one can see that an unethical business is more likely to fail. Managers, who are concerned only with revenues, run the risks of violating the law and losing money. So, one can argue that there are legal reasons for thinking about corporate social responsibility. Conclusion This discussion indicates that profitability of an organization should not be separated from ethical considerations because without them businesses will not be able to achieve sustainable growth. Secondly, even if managers assume that their task is to increase the revenues of owners or stockholders, they should not forget that this goal can be achieved only if they meet the needs of various stakeholders, namely employees, customers, governmental organizations, and the community in general. They are capable of boosting the financial performance of a company, but they also can ruin it. The most rational strategy for a business is to accept the idea that self-interest should be restricted by ethical constraints, especially the necessity to promote the wellbeing of a community. Overall, special attention should be paid to customers, workers, and governmental organizations since they are the most influential stakeholders. The managers have to find a way in which the financial goals of a business can be made consistent with the principles of corporate social responsibility. References Ahlstrom, D 2010, ââ¬ËInnovation and Growth: How Business Contributes to Societyââ¬â¢, Academy Of Management Perspectives, vol. 24 no. 3, pp. 11-24. Bejou, D 2011, ââ¬ËCompassion as the New Philosophy of Businessââ¬â¢, Journal Of Relationship Marketing, vol. 10 no. 1, pp. 1-6 Beurden, P, Gà ¶ssling, T 2008, ââ¬ËThe Worth of Values ââ¬â A Literature Review on the Relation Betwee n Corporate Social and Financial Performanceââ¬â¢, Journal Of Business Ethics, vol. 82 no. 2, pp. 407-424. Christopoulos, A, Mylonakis, J, Diktapanidis, P 2011, ââ¬ËCould Lehman Brothersââ¬â¢ Collapse Be Anticipated? An Examination Using CAMELS Rating Systemââ¬â¢, International Business Research, vol. 4 no. 2, pp. 11-19. Cosans, C 2009, ââ¬ËDoes Milton Friedman Support a Vigorous Business Ethics?ââ¬â¢, Journal Of Business Ethics, vol. 87 no. 3, pp. 391-399. Cramer, J Bergmans, F 2003, Learning about Corporate Social Responsibility: The Dutch Experience, IOS Press, New York. Danley, J 2005, ââ¬ËPolishing up the Pinto: Legal liability, moral blame, and riskââ¬â¢, Business Ethics Quarterly, vol. 15 no. 2, pp. 205-236. Fassin, Y 2012, ââ¬ËStakeholder Management, Reciprocity and Stakeholder Responsibilityââ¬â¢, Journal Of Business Ethics, vol. 109 no. 1, pp. 83-96. Husted, B, De Jesus Salazar, J 2006, ââ¬ËTaking Friedman Seriously: Maximizing Profits a nd Social Performanceââ¬â¢, Journal Of Management Studies, vol. 43 no. 1, pp. 75-91. Shaw, W 2009, ââ¬ËMarxism, Business Ethics, and Corporate Social Responsibilityââ¬â¢, Journal Of Business Ethics, vol. 84 no. 4, pp. 565-576. Smith, C 2003, ââ¬ËCorporate Social Responsibility: Whether or How?ââ¬â¢, California Management Review, vol. 45 no. 4, pp. 52-76. Solomon, R 1999, ââ¬ËGame Theory as a Model for business and business ethicsââ¬â¢, Business Ethics Quarterly, vol. 9 no. 1, pp. 11-29. This essay on Should the primary objective of management be to increase the wealth of shareholders and owners? was written and submitted by user Mariah Kline to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. Should the primary objective of management be to increase the wealth of shareholders and owners
Wednesday, November 27, 2019
Mujahideen (Definition)
Mujahideen (Definition) Definition: A mujahid is one who strives or struggles on behalf of Islam; mujahideen is the plural of the same word. The word mujahid is an Arabic participle drawn from the same root as the Arabic word jihad, to strive or struggle. The term is most frequently used in reference to the self named Afghan mujahideen, the guerrilla fighters who battled the Soviet army from 1979 ââ¬â 1989, when the Soviets withdrew in defeat. The Soviets invaded in December, 1979 in order to provide support a recently installed pro-Soviet prime minister, Babrak Karmal. The mujahideen were fighters from the mountainous areas of the largely rural country, and also maintained bases in Pakistan. They were entirely independent of the government. Mujahideen fought under the command of tribal leaders, who also headed Islamist political parties, which ranged from radical to moderate. The mujahideen received arms by way of Pakistan and Iran, both of which share a border. They made use of an arsenal of guerrilla tactics to thwart the Soviets, such as laying ambushes or blowing up gas pipelines between the two countries. They were estimated to be about 90,000 strong in the mid-1980s. The Afghan mujahideen were not seeking to wage an aggressive jihad beyond national boundaries, but were rather fighting a nationalist war against an occupier. The language of Islam helped unify a population that was- and still isotherwise very heterogonous: Afghans have many tribal, ethnic and linguistic differences. After the war ended in 1989, these different factions returned to their previous divisiveness and fought each other, until the Taliban established rule in 1991. These unorganized guerrilla warriors were viewed as outlaws by their Soviet enemy and as freedom fighters by the Reagan Administration in the U.S., which supported the enemy of its enemy, the Soviet Union. Alternate Spellings: mujahedeen, mujahedin
Saturday, November 23, 2019
Emotion vs The Intellect, The Heart vs The Mind Essays
Emotion vs The Intellect, The Heart vs The Mind Essays Emotion vs The Intellect, The Heart vs The Mind Paper Emotion vs The Intellect, The Heart vs The Mind Paper Over the generations as academia and civilization have transformed, changed, and grown there has always been a tear down the hearts and minds of this worlds greatest scholars. Questions of whether to follow the heart, its emotions and instincts, or the mind, and its intellect, land close to the hearts of anybody involved in academics. In a Merriam-Webster dictionary emotion is defined as 1 a : the affective aspect of consciousness : feeling b : a state of feeling c : a psychic and physical reaction (as anger or fear) subjectively experienced as strong feeling and physiologically involving changes that prepare the body for immediate vigorous action. 1 Websters dictionary defines the emotion as a sort of sixth sense, a human reaction to an action, feeling. Emotion, is related to instincts, and is an important factor in the survival of humans. However, this same dictionary defines the intellect as 1 a : the power of knowing as distinguished from the power to feel and to will : the capacity for knowledge b : the capacity for rational or intelligent thought especially when highly developed2. Intellect is thus the ration seeking part of human thought. The manner in which one may differentiate between an impulse and judiciousness is through the intellect. One may ask if this means the intellect reigns supreme over emotion, yet I disagree. The debate between emotion and intellect is not a new one. In The Future of Illusion, Freud comments on the issue in respect to instincts. He articulates, We may insist, as much as we like that the human intellect is weak in comparison with human instincts, and be right in doing so. But nevertheless there is something peculiar about this weakness. The voice of the intellect is a soft one, but it does not rest until it has gained a hearing. Ultimately, after endlessly repeated rebuffs, it succeeds. This is one of the few points in which one may be optimistic about the future of mankind, but in itself it signifies not a little. And one can make it a starting-point for yet other hopes. The primacy of the intellect certainly lies in the far, far, but still probably not infinite, distance. (Freud, 92, 1928) In this passage Freud states clearly states that the human intellect does not have as much force behind it as human instincts, emotion and instincts come from a heart while facts, lacking passion, are all that finance the intellect. The power in the intellect is, however, in its ability to continue deeper, into a vast abyss of the unknown and undiscovered. Freud believed this abyss not to be infinite, due to the ability to have an answer for everything. While none has achieved this, but were they to, there would be no more answers beyond that, creating an end for all answers. However, this does not mean that intellect is absolute, due to the manner in which knowledge is flawed there is still room for instincts, even in Freuds eyes3. The topic of emotion as opposed to intellect, feeling vs. act, is often a heavy and heated topic. There are those whose lives center around the following of instincts to the extreme, such as Hindu sadhus in India and other spiritual seekers across the seven continents. There are also those who follow their intellects to the maximum, without using and having any interest in emotion, seemingly more common in academic circles than the former. Being a nihilist one would think Nietzsches ideas on the concepts of emotion are fairly disheartening, to any believer in the importance of emotion. His perceptions of the intellect are at times surprising and immensely interesting. In a passage from What is the Meaning of Ascetic Ideals, the third essay in On the Genealogy of Morals, Nietzsche comments on the intellect from a very different and unusual angle, for a nihilist. He begins the segment by influencing against pure reason, absolute spirituality, and knowledge itself. He urges toward understanding and contemplating a diversity of ideas, in order to gain a greater understanding as a collective. A little further along in a passage he declares, There is only a perspective of seeing, only a perspective knowing; and the more affects we allow to speak about one thing, the more eyes, different eyes, we can use to observe one thing, the more complete will our concept of this thing, our objective, be. But to eliminate the will altogether, to suspend each and every affect, supposing we were capable of this -what would that mean but to castrate the intellect? - (Nietzsche, 119) Nih ilism as a doctrine deems traditional values and ideals as unsubstantiated, and survival or existence as futile and useless. This is a very interesting vantage point. Throughout the writing of Nietzsche the necessity to take others ideas and opinions into account is underlined. In this section were told that without the ideas of the other ours cannot possibly be so strong. In affect, if we do not take those who disagree into account we may very well castrate our intelligence, our intellect. Nietzsche insists that we not take any one opinion as superlative, whether it is abundantly positive or negative, yet to browse and discuss in order to understand an issue more fully. The style of philosophy of which Nietzsche partakes in is which views perspective as a tool for infinite understanding. Similar to those who believe in Karma, Freidrich Nietzsches beliefs center on each particular situations perspective and which side of the situation or problem you are on, though he does not comment on Karma in any of his works. Darwin, in The Origin of Species, brings the importance of several vantage points rather than a supreme emotion or intellect into light. He pronounces the human intellect as inappreciable, microscopic or negligible4. The intent behind Darwins statement on this matter is that humans are well, just as the clichi goes, only human. Yes, that statement refers to both intellect as well as emotion. Human lives, and their understandings, are imperfect. Darwin is an expert on the varied species as a growing, changing, mechanism. His expertise noticed in The Voyage of the Beagle5 that the intellect became far keener when his subject back passionately excited about something, both passion and excitement being emotionally charged. Thus the argument for either intellectually based or emotionally based supremacy is at fault. When the question is what do I think of the Oedipus complex, of course one searches within their intellect for a greater understanding of the concept. When an old companion sends a letter, upon its reception ones heart, and more emotional side are contacted. However, what happens when and issue is not solely in the court of your heart or intellect? Unfortunately there is no supreme answer of which to follow, just as there is no supreme answer as which is more accurate, the heart or mind. Just as Nietzsche suggests, as mankind ventures deeper into the 21st century, we must attempt to see situations with our heart and minds, together. Whether the topic is politics, compassion, or hatred, as people we will have a obligation and ability to call on and utilize both heart and mind into use.
Thursday, November 21, 2019
Macro & Micro economics Essay Example | Topics and Well Written Essays - 750 words
Macro & Micro economics - Essay Example Technology-based water pollution-control standard might not be the most economically efficient or cost-effective way to achieve a given level of reduction in water pollution because this approach would require us to spend more. There is associated monetary amount linked to this move, and so the most important initiative that we need to take to ward our way off an insurmountable amount of expenses is to encourage the participation of everyone, because it is here where the necessary general control starts. Just like the initiative employed in Wabash Rivers, the governor recently would want the land conservation initiative, as this has potential viewed impact to preserve important natural resource and habitat (Wabash Rivers Initiative). In this initiative, there is a required participation of the majority to have consensus general impact, which means there is a necessary uniform action that everyone should implement, reducing the other relevant potential costs had it been that not every one is participating. 2. Discuss the different point sources and nonpoint sources for water pollution. Explain why it has been more difficult to reduce the nonpoint sources. Be specific about what types of nonpoint sources are contributors to water pollution. Point source of water pollutions comes from one source such as either a factory or waste water treatment plant, but the nonpoint sources for water pollution come from the accumulation of pollutants from the day-to-day activities of individuals in the society (Point versus Non-Point Source Pollution). A specific type of nonpoint source is from driving a car. This is an activity that goes daily, and it is hard to reduce this one because transportation has become a critical point in the economic development of the society. For example, transportations have become crucial components of the moving transactions from one company to another. Transportation definitely links the trade and commerce industry in order to flourish and obtain the economic advantage they so desire to achieve. People also require transportation in order to complete any related economic activities they have to perform for the day prior to their survival and the achievement of their basic necessities in life. In other words, it is really difficult to eliminate transportation, as a nonpoint pollution source in todayââ¬â¢s highly advanced and economically developed society. 3. In the Taking Sides articles, Milton Friedman argued that indeed profits are the only business of business. Explain what that might mean for controlling environmental pollution. Without government regulation, when would you expect firms to engage in activities that help the environment? Give specific examples. Without government regulation, firms will engage in activities that help the environment when things around them could affect their business, as essentially, Milton Friedman has the point of saying that profits are the only business of business. After all, busi nesses substantially exist because they want to achieve profit in the first place. This profitability may be affected when for instance the companiesââ¬â¢ productions may be affected by the lack of raw materials that comes from the environment, as eventually the upshot of on-going pollution. A fish canning factory for instance may go bankrupt or may close business when the supply of fresh raw materials from the ocean deteriorates due to prevailing environmental pollution. Here will be the point when that canning factory will adhere to environmental sustainability and initiate moves or strategies linked to their corporate social responsibility, encouraging the society to take part of their goal to preserve the environment where they get their source of raw materials for their production. 4. Compare the
Wednesday, November 20, 2019
New Product Development Essay Example | Topics and Well Written Essays - 1000 words
New Product Development - Essay Example The timeliness and precision associated with digital processes makes them the foremost choice for incorporation. Digital products are a step ahead of physically digitized products. These are products that are intangible and are available for use and transfer over the digital domain only. A perfect example of digitized products is Mobile Application Software which is more commonly referred to as a Mobile App. A digital product such as a Mobile App is a software that is either available as freeware or as a paid product. In the digitized world of today a Mobile App is a handy tool that is installed on the smartphone of the beholder. This software application program or Mobile App is a complete tool that does multiple things for its user. In accordance with the instructions embedded into a mobile app the software performs multiple handy or fun filled tasks. For example, a Forex converter app is very handy for an individual working in the stock market. In line with the most current preval ent Forex rates the app can make all the required conversions for you if the requirements are dictated to it. Similarly a prayer reminder app would not only remind you of the prayer times for your designated prayers but it would also provide you with responses to different religious queries that you may have. A Cooing app would become the Chefââ¬â¢s best mate for it may narrate each and every detail about an ingredient and may also suggest the use of it in preferable recipes. Thus, a Digital product is a completely different product when compared to its physical counterpart. It survives in a digital domain only and has no life in the tangible world of physical products. NPD for a DIGITAL PRODUCT The New Product Development processing for a digital product has a lot of user input involved in it. Basically the making of a digital product is all about its usability. The life of digital products is dependent immensely upon the way users need it and intend to make use of it. In fact e ach digital product is designed in line with the user requirements only. This implies that the main input for the new project development (NPD) for a Digital Product comes mainly from the prospective user itself. A set of prospective users of the digital product to be is chalked out in the initial stage of NPD. It is then then the way each of the possible users/ audiences would interact with the digital product is chalked out separately into each singled out scenario. Each of the scenarios is a complete set of execution of instructions that need to be embedded within the Digital Product to be. Once the list of processes that needs to be incorporated in the software of the digital product has been finalized the structure is then implemented in a favorable programming language. A final set of instructions governing the Digital Product then forms the backend of a polished fine user friendly front end based digital product. The NPD of a digital product is signified by another quality wh ich does not exist with the NPD of Physical Products. A digital product is often launched in two stages. Initially a test form termed as ââ¬Å"Betaâ⬠form is released into the open market. The feedback that the Beta form of the Digital product gets enables the designers of the digital product to enhance parts of the digital product in line with user requirements. NPD for a digital product which is web based involves taking input from the users directly
Sunday, November 17, 2019
Opera - Carmen Essay Example for Free
Opera Carmen Essay This was an amazing Opera, I only wish that I had the opportunity to see it in person. I have never watched anything like it, and probably would not have had it not been part of this class. Let me say Thank you for opening my eyes to this amazing experience. The theatrical performance, choreography and music were very moving and to my surprise drew me in to continue watching and trying to interpret. I have to say I was very shocked at the sexuality used in this performance, it seemed as thought it was wrote long before its time. Carmens sexuality was very much a large part of the performance and I found it intriguing. I decided to rent the movie Carmen to compare the performances and found them to be very similar in character however the Opera was much more captivating. The music alone is wonderful but when added to the stage performance it was absolutely mesmerizing. Carmen is a direct conflict of the expectations for women of this time period. Women were to be gentle, biddable and sinned against. However Carmen used her beauty and sexuality to her advantage. She perfectly combined her acting, singing, and dancing abilities to portray a seductive and enticing personality that even Don Jose could not resist. The musical transitions for each character and scene were for me the amateur at times overwhelming and difficult to take it all in. As the music and people become loud during the bullfight in the background you can hear Carmen and Don Jose characters in the music. In the beginning of the Opera Don Jose appears to be very strong and powerful with an ability to ignore Carmen. Again the music helps portray this image. Obviously he changes throughout the performance to become ravaged with lust and jealousy towards Carmen. You can hear in his voice his defeat and it leaves you to believe that although he will no longer be jealous he also will mourn Carmen forever. Although the orchestra was not shown often it appeared that it consisted primarily of men, which I found rather interesting. The sets were also incredible which made me wonder how the original sets were designed. This Opera appears to have been a monumental changes in the French Opera it is a shame that Bizet, due to his early death, was unable to realize his impact not only of his time but still today 100 years later.
Friday, November 15, 2019
Remember Me :: essays papers
Remember Me Throughout life you will meet many different people. Some of them you will forget in a matter of minutes. Others you might think about every now and then, wondering how life is treating them. Then there are the people that touch you in some way. Maybe just because they smile at you everyday, maybe they are there for you at times when no one else is, or maybe they did something special for you that was greatly appreciated. Whatever the reason, there are always people out there that you will remember. I am an ordinary seventeen year old girl. I have posters of cute guys hanging on my bedroom walls and my favorite stuffed animals rest on my bed. My closet is full of clothes, half of which I donââ¬â¢t wear, but itââ¬â¢s full just the same. I have a house, a car, more friends than I ever asked for, and a good life. However, all of these things do not make me. I am a thoughtful teenager, striving so hard to grow up and yet, still so full of dreams. My biggest dream of all is to be remembered. I want to touch people in such a way that they will never forget who I am. I want them to tell their grandchildren stories about me and for them to tell their grandchildren and so on. That way, Iââ¬â¢ll still be alive years after I actually die. However, this will be very difficult. I donââ¬â¢t know where to start in my quest for being remembered. Everyday I wake up, take a shower, get dressed, brush my teeth, and do whatever I have planned for the day. Thatââ¬â¢s certainly nothing to be remembered for, but it is only how I begin my day. If I go to school, I get in my little black Tracker and drive up 741 to the parking lot. I pull into spot 41, get out, throw my bag over my shoulder, and go into the building. Itââ¬â¢s a rare occasion that there isnââ¬â¢t a smile on my face throughout the day. I go to my friends and ask them how theyââ¬â¢re doing. I know they can count on me to sincerely listen. Iââ¬â¢ve worked hard for many years to become a good listener. If I go to work, I maintain a smile as well.
Tuesday, November 12, 2019
Structuralism and Functionalism
Structuralism VS. Functionalism Breanne Jagiello National University Structuralism VS. Functionalism ââ¬Å"We are the cosmos made conscious and life is the means by which the universe understands itself. â⬠ââ¬âBrian Cox. Both structuralism and functionalism were intended to seek answers to questions of the conscious mind. The basis for scientific psychology began with structuralism and later attempted to model psychology on evolutionary theory (functionalism).Both sciences share some commonalties as well as many differences and are still used and relevant in modern psychology. Structuralism can be defined as ââ¬Å"E. B Tichenerââ¬â¢s system of psychology, which dealt with conscious experience as dependent on experiencing personsâ⬠(Schultz & Schultz, 2012, p. 18). In this system mental processes are broken down into the most basic components. This science taught that all human knowledge had been derived from human experience, and that there is no other source of k nowledge.Following structuralism was functionalism ââ¬Å"A system of psychology concerned with the mind as it is used in an organismââ¬â¢s adaptation to its environmentâ⬠(Schultz & Schultz, 2012, p. 18). Functionalism focused on how the mind operated, and sought to answer what mental processes accomplished. Both sciences are concerned with uncovering questions regarding the conscious self. The two sciences have been considered to be highly integrated and interrelated. What manifests itself as a function from one angle may be viewed as structure from another and vice versa; therefore, one cannot do justice to the evolution of economic theories by concentrating exclusively on either structuralism or functionalismââ¬âa synthesis of the two is essentialâ⬠(Karsten, n. d. , p. 180). Functionalism and structuralism both relied on introspection as a method for research. Although flaws were found in introspection observation, it has still proven to be an essential bridge to unlocking psychological wisdom.Introspection relies on self-reports about personal thoughts or feelings, essentially experience. ââ¬Å"Experience is a common starting point for all sciences, from physics to psychology, and each science must be permitted to use those explanatory principlesâ⬠(Shook, n. d. , p. 348) While there were similarities between each science, there were many more differences. Functionalism can be thought of as a response to structuralism. With functionalism came a new beginning for the basis of psychology.Structuralism focused on what happened when an organism experienced an event, while functionalism focused on the how and why. ââ¬Å"It did this first by abandoning key elements of Wundtââ¬â¢s effort to model scientific psychology on the physiological successes and instead attempted to model psychology on evolutionary theoryâ⬠(Green, 2009, p. 75). Functionalist also differed in that; they believed breaking down the elements would deceive cons ciousness. Their ideas about consciousness were in terms of the whole, ââ¬Å"mental life is a unity, a total experience that changes.Consciousness is a continuous flow, and any attempt to divide it into temporarily distinct phases can only distort itâ⬠(Schultz & Schultz, 2012, p. 137). Titchener, on the other hand, taught that consciousness was the sum of experiences as they happen at any given time. He focused on the parts while Wundt focused on the whole. Functionalists were not concerned with the structure of mental processes, researchers were more concerned with how these processes ââ¬Å"lead to practical consequences in the real worldâ⬠(Schultz & Schultz, 2012, p. 03) Structuralism was concerned with determining the structure and basic parts of consciousness. Leaders in functionalism and structuralism had very different perspectives of how the mind should be analyzed, both contributed to the development of psychology in very different ways. Structuralism clearly def ined conscious experience and, ââ¬Å"their research methods were in the highest tradition of scienceâ⬠(Schultz & Schultz, 2012, p. 100). Functionalism also had an impact on psychologyââ¬â¢s development. Animal behavior became an important area of study as a consequence to this the science.Research methods such as physiological research, mental tests, questionnaires, and objective descriptions were introduced with functionalism. Both sciences can be related to modern day psychology. Introspection is still used in some cases through self-reports based on experience. ââ¬Å"Self-reports are still requested from people exposed to unusual environments, such as weightlessness for space flight. Introspective reports involving cognitive processes such as reasoning are frequently used in psychology todayâ⬠(Schultz & Schultz, 2012, p. 100).Also, today child psychology as introduced in functionalism is a widely used and studied branch of psychology today. These sciences gave us the basis for psychology as we know it today. References Green, C. D. (2009). Darwinian theory, functionalism, and the firstAmerican psychological revolution. Retrieved from http://nu. libguides. com/content. php? pid=159445&sid=1349149 Karsten, S. G. (n. d. ). Dialectics, functionalsim, and structuralism, in economic thoughts. Retrieved from http://ehis. ebscohost. com. ezproxy. nu. edu/ehost/pdfviewer/pdfviewer? id=c052e67a-2092-4c7f-9882-5fdc8d700d0f%40sessionmgr12&vid=1&hid=4 Schultz, D. P. , & Schultz, S. E. (2012). The study of the history of psychology. In J. Hague (Ed. ), The history of Modern Psychology (10th edition ed. , pp. 1-21). Belmont, CA: Wadsworth, Cengage Learning. Shook, J. R. (n. d. ). Wilhelm Wundtââ¬â¢s contribution to John Deweyââ¬â¢s functional psychology. Retrieved from http://ehis. ebscohost. com. ezproxy. nu. edu/ehost/search/basic? sid=bbb50993-231d-42d9-8885-881119aa7fd0%40sessionmgr15&vid=4&hid=22
Sunday, November 10, 2019
History of Indian Airlines
Brief History of Indian Airlines India's chiefly domestic state-owned carrier, Indian Airlines Ltd. , flies passengers and cargo to 59 domestic and 16 international destinations. Its fleet numbered 52 aircraft in 2000. Indian Airlines has traditionally based its network around the four main hubs of Delhi, Mumbai (formerly Bombay), Calcutta, and Chennai (formerly Madras). The airline carries about six million passengers a year and has a substantial freight operation. Origins The Air Corporations Act of 1953 amalgamated India's dozen or so airlines, most of them undercapitalized, into two nationalized air carriers: Air-India Ltd. given responsibility for international routes, and Indian Airlines Corporation (IAC), the domestic airline. The eight airlines that were amalgamated into IAC included Air Services of India Ltd. , Airways (India) Ltd. , Bharat Airways Ltd. , Deccan Airways Ltd. (already 70 percent government-owned), Himalayan Aviation Ltd. , Indian National Airways Ltd. , Kalin ga Airlines, Ltd. , plus the domestic operations of Air-India Ltd. IAC began operations with a fleet of 74 of the war surplus Douglas DC-3s that had founded its short-lived predecessors. The airline also had three times as many employees as it needed, writes R.E. G. Davies, a situation that was slow to change due to the government's refusal to allow layoffs. Davies also writes that the standard of maintenance was low and the airline suffered many accidents in its early years. IAC soon moved to bolster its fleet by ordering a few new de Havilland 114 Herons, retired after only a couple of years of service, and Vickers Viscount 768s, which were assigned to trunk routes. The DC-3s continued to supply feeder traffic; they soon began to be phased out by Fokker F-27s and Avro 748s. IAC began flying short-haul jetsââ¬âFrench-made Caravellesââ¬âin the mid-1960s.The Caravelles were so popular that IAC soon needed larger jets to on the routes between Bombay (Mumbai), Delhi, Calcutta, and Madras (Chennai) that formed the India's domestic trunk network. IAC's first Boeing 737s entered service in 1971. Between 1962 and 1972, IAC was called upon to support the military in several campaigns, first in skirmishes with China, and later with the wars with Pakistan that ultimately led to the creation of Bangladesh. Confidence and Crisis in the 1970s and 1980s IAC announced a Rs45 million loss for 1972. The next year, the company had several incidents of aircraft damage or loss.Labor unrest, high fuel costs, political burdens, and built-in inefficiencies added to the company's problems. However, these were met with such resolve that IAC had the confidence to order its first wide-body jets, Airbus A300s, in 1975. A program to produce ground support equipment in Indian factories was part of the deal. In 1976, new routes stretched across political divisions to Kabul, Afghanistan, in the northwest, and the Maldive Islands in the south. The government allowed the formation of a few new limited service airlines in the 1970s: Air Works India, Huns Air, and Goldensun Aviation.None of them had long life spans. Around 1979, IAC dropped the word ââ¬Å"Corporationâ⬠from its name. Another national airline, Vayudoot, was formed in 1981 and tasked with carrying feeder traffic from India's smaller communities. Indian Airlines' managing director, Gerry Pais, was Vayudoot's part-time chairman. Vayudoot was serving more than 100 destinations within India by 1990. The government also set up a helicopter corporation to serve off-shore oil fields. Britain'sà Financial Timesà described Indian Airlines as the world's third largest domestic carrier in the mid-1980s.With business growing at better than ten percent a year, it was increasing its capacity. Indian Airlines ordered a dozen of the new Boeing 757s in August 1984. After Rajiv Gandhi, a former Indian Airlines pilot, became prime minister, this order was changed to Airbus A320s due to what were perceived as political reasons. However, the crash of an Indian Airlines A320 in Bangalore on February 14, 1990ââ¬âthe type's second major crash globally in a two-year periodââ¬âsorely tested management's faith in the plane, which featured new fly-by-wire flight controls and electronic cockpit instrumentation.As part of a plan to merge Indian Airlines with Air-India, the state's international carrier, two leading young industrialists were appointed to chair the boards of the two companies in autumn 1986. Neither these plans nor the new chairmen lasted very long. In 1987, Indian Airlines carried 10 million passengers and earned a profit of Rs630 million ($48 million). However, the quality of its service was facing criticism, to be heightened by the coming entry of new carriers into the market. India's chiefly domestic state-owned carrier, Indian Airlines Ltd. flies passengers and cargo to 59 domestic and 16 international destinations. Its fleet numbered 52 aircraft in 2000. Indian Airline s has traditionally based its network around the four main hubs of Delhi, Mumbai (formerly Bombay), Calcutta, and Chennai (formerly Madras). The airline carries about six million passengers a year and has a substantial freight operation. Origins The Air Corporations Act of 1953 amalgamated India's dozen or so airlines, most of them undercapitalized, into two nationalized air carriers: Air-India Ltd. given responsibility for international routes, and Indian Airlines Corporation (IAC), the domestic airline. The eight airlines that were amalgamated into IAC included Air Services of India Ltd. , Airways (India) Ltd. , Bharat Airways Ltd. , Deccan Airways Ltd. (already 70 percent government-owned), Himalayan Aviation Ltd. , Indian National Airways Ltd. , Kalinga Airlines, Ltd. , plus the domestic operations of Air-India Ltd. IAC began operations with a fleet of 74 of the war surplus Douglas DC-3s that had founded its short-lived predecessors.The airline also had three times as many emplo yees as it needed, writes R. E. G. Davies, a situation that was slow to change due to the government's refusal to allow layoffs. Davies also writes that the standard of maintenance was low and the airline suffered many accidents in its early years. IAC soon moved to bolster its fleet by ordering a few new de Havilland 114 Herons, retired after only a couple of years of service, and Vickers Viscount 768s, which were assigned to trunk routes. The DC-3s continued to supply feeder traffic; they soon began to be phased out by Fokker F-27s and Avro 748s.IAC began flying short-haul jetsââ¬âFrench-made Caravellesââ¬âin the mid-1960s. The Caravelles were so popular that IAC soon needed larger jets to on the routes between Bombay (Mumbai), Delhi, Calcutta, and Madras (Chennai) that formed the India's domestic trunk network. IAC's first Boeing 737s entered service in 1971. Between 1962 and 1972, IAC was called upon to support the military in several campaigns, first in skirmishes with China, and later with the wars with Pakistan that ultimately led to the creation of Bangladesh. Confidence and Crisis in the 1970s and 1980sIAC announced a Rs45 million loss for 1972. The next year, the company had several incidents of aircraft damage or loss. Labor unrest, high fuel costs, political burdens, and built-in inefficiencies added to the company's problems. However, these were met with such resolve that IAC had the confidence to order its first wide-body jets, Airbus A300s, in 1975. A program to produce ground support equipment in Indian factories was part of the deal. In 1976, new routes stretched across political divisions to Kabul, Afghanistan, in the northwest, and the Maldive Islands in the south.The government allowed the formation of a few new limited service airlines in the 1970s: Air Works India, Huns Air, and Goldensun Aviation. None of them had long life spans. Around 1979, IAC dropped the word ââ¬Å"Corporationâ⬠from its name. Another national airline, Vayudoot, was formed in 1981 and tasked with carrying feeder traffic from India's smaller communities. Indian Airlines' managing director, Gerry Pais, was Vayudoot's part-time chairman. Vayudoot was serving more than 100 destinations within India by 1990.The government also set up a helicopter corporation to serve off-shore oil fields. Britain'sà Financial Timesà described Indian Airlines as the world's third largest domestic carrier in the mid-1980s. With business growing at better than ten percent a year, it was increasing its capacity. Indian Airlines ordered a dozen of the new Boeing 757s in August 1984. After Rajiv Gandhi, a former Indian Airlines pilot, became prime minister, this order was changed to Airbus A320s due to what were perceived as political reasons.However, the crash of an Indian Airlines A320 in Bangalore on February 14, 1990ââ¬âthe type's second major crash globally in a two-year periodââ¬âsorely tested management's faith in the plane, which feature d new fly-by-wire flight controls and electronic cockpit instrumentation. As part of a plan to merge Indian Airlines with Air-India, the state's international carrier, two leading young industrialists were appointed to chair the boards of the two companies in autumn 1986. Neither these plans nor the new chairmen lasted very long.In 1987, Indian Airlines carried 10 million passengers and earned a profit of Rs630 million ($48 million). However, the quality of its service was facing criticism, to be heightened by the coming entry of new carriers into the market. Chronology * Key Dates: * 1953:à Indian Airlines is formed as India's domestic airline. * 1965:à Short-haul Caravelle jets enter the fleet. * 1972:à IAC records a rare loss. * 1975:à The company orders its first widebody jets. * 1992:à India's domestic air market is deregulated. * 1998:à Plans to merge Indian Airlines with Air-India are drawn up but not approved. 2001:à The Indian government solicits bidders for p artial ownership of Indian Airlines. Additional Details * State-Owned Company * Incorporated:à 1953 as Indian Airlines Corporation * Employees:à 22,500 * Sales:à Rs 3,755 crore ($1 billion) (2001) * NAIC:à 481111 Scheduled Passenger Air Transportation; 481112 Scheduled Freight Air Transportation; 481211 Nonscheduled Chartered Passenger Air Transportation; 481212 Nonscheduled Chartered Freight Air Transportationhttp://www. referenceforbusiness. com/history2/65/Indian-Airlines-Ltd. html#ixzz2DAhNxQo5
Friday, November 8, 2019
The Internet, Teaching and Learning essays
The Internet, Teaching and Learning essays Using the internet for learning and teaching purposes can have benefits; however the disadvantages far outweigh the positives. The internet is not the effective tool that it appears to be, with many tertiary students finding difficulties associated with accessing and using this technology. The internet holds a wealth of information; however the quality of this information can be questionable. In addition to this, using the internet requires a certain amount of computer knowledge which students can find difficult to master and there are associated issues regarding accessing information and the related costs involved with using the internet. Students using the internet for study are also at risk of isolation due to the autonomous nature of external study. It is true that much information can be found by simply typing a few words into a search engine and pressing enter. Nevertheless, information can be uploaded to the internet without any scrutiny or evaluation from experts. Alternatively, information that is gathered from printed material will have been thoroughly examined and assessed by an authority on the subject before being published (MacDonald on the internet...anything goes, this means that the authenticity of the information on the internet must be questioned. Singh s more, using the internet promotes casual reading habits. Students who read in an informal manner are not engaging completely with the content, which can result in the production of a more casual writing style (Birkerts in Leibowitz 1999). Along with the issue of establishing the quality of information on the internet, there are difficulties associated with accessing the information in the first place. Acquiring information online requires using a computer with...
Tuesday, November 5, 2019
5 Words that Come from the Moon
5 Words that Come from the Moon 5 Words that Come from the Moon Fifty years ago, Neil Armstrong and Buzz Aldrin became the first people to walk on the moon. Unfortunately, all they brought back were some rocks. But the moon has given us many things, including several words! So letââ¬â¢s celebrate this landmark in space exploration by looking at the etymology of ââ¬Å"moon,â⬠plus five words it has inspired. Moon Etymology The word ââ¬Å"moonâ⬠has a long history, which is unsurprising given that itââ¬â¢s a massive glowing orb in the nightââ¬â¢s sky that has been around for longer than human language. We can, however, trace it back to both the Middle English mone and the Old English mona. Further back, it may come from the Proto-Indo-European term *me(n)ses- and the root *me-, meaning ââ¬Å"measure.â⬠Here, we see how people have used the waxing and waning of the moon to measure the passage of time sinceâ⬠¦ well, since weââ¬â¢ve had any notion of time passing. Waxing and waning(Image: Orion 8/wikimedia) Another term we may want to look at is ââ¬Å"lunar,â⬠an adjective meaning ââ¬Å"related to the moon.â⬠This comes from the noun luna, an old-fashioned word with origins in the PIE root *leuk-, meaning ââ¬Å"lightâ⬠or ââ¬Å"brightness.â⬠And here we see the importance of the moon as a source of light at night. But how have these terms influenced modern English? Letââ¬â¢s take a look. 5 Words that Come from the Moon There are many, many words with a connection to our lunar neighbor. And we wonââ¬â¢t even touch on figures of speech such as over the moon and once in a blue moon. But we will look at five of our favorite moon-derived terms to see where exactly they come from. 1. Moon as a Verb As well as a noun, ââ¬Å"moonâ⬠has picked up two key uses as a verb over the years: To act absent-mindedly, often through distraction (e.g., to ââ¬Å"moon overâ⬠someone or to ââ¬Å"moon aroundâ⬠the house when you have nothing to do). To expose oneââ¬â¢s buttocks as a joke or insult. The first of these is probably related to the word ââ¬Å"moonstruck,â⬠which reflected an old belief that the moon could affect peopleââ¬â¢s behavior (more on that below). The second comes from the fact that buttocks can be pale and round, much like a certain feature of the nightââ¬â¢s sky. We hope learning this doesnââ¬â¢t prompt you to see the moon as a big sky buttock, though. 2. Month Originally, a ââ¬Å"monthâ⬠was literally the time between one new moon and the next one. As such, we can find connections between ââ¬Å"moonâ⬠and ââ¬Å"monthâ⬠in many European languages. In fact, the PIE term *me(n)ses- above may have originally meant both ââ¬Å"moonâ⬠and ââ¬Å"month.â⬠Another word we get from ââ¬Å"moonâ⬠is ââ¬Å"Monday,â⬠which literally means ââ¬Å"day of the moon.â⬠We also see this in the German Montag, as well as the French lundi, the Spanish word lunes, and the Italian term lunedi. 3. Menstruation Moving on from ââ¬Å"month,â⬠we have a monthly cycle: menstruation. In fact, ââ¬Å"menstruationâ⬠and ââ¬Å"mensesâ⬠come from Latin and Greek words meaning ââ¬Å"monthâ⬠(mensis) and ââ¬Å"moonâ⬠(mene). Some people also believe their menstrual cycles sync up with the lunar cycle. However, there is no scientific evidence for this, so it is probably a myth. 4. Lunatic Above, we mentioned the old belief that the moon can affect peopleââ¬â¢s behavior. We see this most clearly in the word ââ¬Å"lunatic,â⬠which now refers to someone who behaves erratically. Not that long ago, though, ââ¬Å"lunaticâ⬠was a word for someone suffering from mental illness. And some people still believe the moon can affect our behavior. But medical science has moved on from such ideas, so we do not use this word to refer to mental illness any more. 5. Moonshine What better way to finish our list than with a drink? Having said that, weââ¬â¢re not sure how many of you would pick moonshine as your beverage of choice. If you buy moonshine today, it will probably be from a shop. But the term was first applied to smuggled or illegally distilled liquor, illicit activities that always occurred at night. It may also be related to the word ââ¬Å"moonraker,â⬠which is associated with English smugglers for the same reason. Thank You, Moon Finally, let us say a brief thank you to the moon. Sure, with modern science we know itââ¬â¢s a big hunk of rock that just sits in the sky, not some god or goddess watching over us. But it has been with us since before humanity had the gall to shape tools from flint, never mind strap ourselves to rockets and blast off into the void to pay it a visit. And we see that influence across human culture, art and ââ¬â as shown above ââ¬â language. We salute you, moon! As a species, then, we owe the moon a lot. And thatââ¬â¢s before we even get on to its role in controlling the tides. So next time you use the word ââ¬Å"monthâ⬠or ââ¬Å"menstruation,â⬠spare a thought for our lunar friend.
Sunday, November 3, 2019
The Economic Growth of Developing Countries Assignment
The Economic Growth of Developing Countries - Assignment Example More recently WTO has focused upon the need to sustain an open multilateral trading framework, particularly in the light of the proliferation of regional blocs. In spite of some weaknesses and limitations of its strategies, WTO has benefited the economic growth of developing countries and involves them in free trade relations and international trade. The main question worried many nations and economists "Does WTO really promote free trade or just control the international trading relations and economic order The WTO was established on 1st January 1995 by the Marrakesh agreement. It was a new agreement between the global nations which improved and extended articles of GATT established in 1947. .WTO differs from GATT as it is based on different principles and policies of trade relations. GATT is just a set of rules while WTO is an international institution with governing bodies. In contrast to GATT, WTO commitments are full. GATT rules and principles of trade cover only retail trade while WTO regulates services and intellectual property industries. The main difference is that WTO is based on multilateral agreements applied to all members of the institution while GATT involved selective agreements applied to some local economies. The befit of WTO is that it is undeniable that trade policy leaders have their own bases of support, such as interest groups and the bureaucratic institutions they direct. As they depend on those bases to maintain their current position, policymakers' interests, pr iorities, and responsibilities in policy making are put by their support bases. In fact, the state-oriented approach underlines the importance of the demands of society on trade policymaking. In contrast to GATT, WTO has a stricter system of trade control and does not permit trade violations. Trade violations involve such impotent issues as labor relations and environmental concerns. These rules and principles can be seen as a response to dissatisfaction with the explanatory power of international trade relations that concentrate on international factors or assume country interests to be external. Such attempts are grouped by WTO into four, based on their characterization of the international and the domestic, and the lines of responsibility they draw between these political issues. WTO has a set of laws aimed to restrict the activity of those companies which violate accepted rules and norms of international trade. The domestic and international relations each possess different and distinct features and limitations on country action; thus domestic goals are more effectively pursued with international trade strategies.
Friday, November 1, 2019
MGMT335 U5 IP Research Paper Example | Topics and Well Written Essays - 750 words
MGMT335 U5 IP - Research Paper Example receive an equal pay just like any other member who got the same skills and competence working under similar working environment without considering such factors as sex. The act may exhibit exceptions in instances where merit and seniority may lead to unequal pay especially when the quality of work differs (Andrews, 2007). The other indispensable law employers ought to observe is contained under Title VII of the Civil Rights Acts of 1964. The act provides immunity to employees from traits that tend to discriminate individuals based on color, sex, religion or nationality. The law works in organizations that have more than 15 employees working under the same environmental conditions. Employers also uphold the legislation contained under Section 504 of the Vocational Rehabilitation Act of 1973 that provides immunity to qualified individuals with disability. The act prohibits employers from discriminating skilled and competent individuals from participating in promotion and hiring process due to their disability unless the condition is affecting the performance of the individual (Andrews, 2007). Employers are supposed to respect laws stipulated under The National Labor Relations Act that allow the workforce to vent their grievances without being discriminated. The workforce may form labor unions that they use as channels to communicate their discomfort once promoted or hired in a particular job group (U.S. Department of Labor, 2012). Employers should observe legislation that fall under The Employment Retirement Security Act of 1970. This act provides protections to the workforce when seeking their retirement benefit. Employers should not discriminate individuals when they express their rights to access their retirement benefits. Title VII of the Civil Rights Acts of 1964 and Section 504 of the Vocational Rehabilitation Act of 1973 forms the two exemplars of legislation that specifically deals with discrimination. Title VII of the Civil Rights Act of 1964 provides
Wednesday, October 30, 2019
Metrics Estimation Analysis and Teams Assignment
Metrics Estimation Analysis and Teams - Assignment Example Itââ¬â¢s essential noting that with this criteria the production process will tend to be more accurate and the management will be in a position of maintaining the quality details of the firm help in improving the competitive advantage (Lincke, Lundberg & Lowe, 2008). When using the rating system the products needs to be picked at random and checked thoroughly to ensure they are accurate. In case a default is detected the production process should be vouched to ensure they are compliant with the targets set for their operations. The process should be in a state where they can link all parties involved. Table 1 defines the information that RSL has captured on previous projects. Table 2 shows the estimates for the equivalent parameters for the components of a new project. Using whichever techniques you wish, generate estimates for the effort required to develop the components of the new project. What reservations would you have in using such data? Looking at the graph above its evident as the time passes the company is increasing their efforts to ensure they meet their shareholders targets. This is crucial and it helps the firm to avoid misusing their efforts before they can identify their marking opportunities. Therefore, itââ¬â¢s necessary to note that efforts are varied according to the needs surrounding that process and the weight the issue caries (Lincke, Lundberg & Lowe, 2008). On the other hand, its essential noting that no matter what effort is exacted the estimation curve will never be at its maximum accuracy. Still the estimates will never change from estimates to factual. There is no amount of efforts can be added to make the estimates accurate. The following page contains data collected from a project at RSL. Provide an analysis report to indicate which components would be of concern going forward. You must provide the details of the graphs and analyses you have used
Monday, October 28, 2019
Education and Safe Educational Environment Essay Example for Free
Education and Safe Educational Environment Essay Rights talk seeps into spheres of American society where a sense of personal responsibility and of civic obligation traditionally have been nourished. An intemperate rhetoric of personal liberty in this way corrodes the social foundations on which individual freedom and security ultimately rest. Because I agree with this quote, I firmly resolve the resolution that establishing a safe educational environment for grades K-12 justifies the infringement of civil liberties. I would like to offer the following definitions: Establish: to make firm or secure Safe Educational Environment: an environment conducive to learning where students are free from hurt, injury or loss Justifies: to demonstrate to be right, just, or valid Infringement: an encroachment, as of a right or privilege Civil Liberties: fundamental individual rights, such as freedom of speech and religion, protected by law against unwarranted governmental or other interference The value that the affirmative upholds is education. The value criterion I will use to uphold my value is safety. Safety is extremely important on any educational institute because it allows the students and faculty to learn and operate without any threat hanging over them. To explain my position, I offer the following contentions: Contention 1: Without the establishment of a safe learning environment, the ability to learn and to teach is severely hampered. Without a safe educational environment, the attainment of knowledge is difficult to achieve. As Michael Ferraraccio said, If schools cannot operate in a violence-free atmosphere, then education will suffer, a result which ultimately threatens the well being of everyone. An infringement of a students civil liberties is required to be able to maintain a safe and enjoyable learning atmosphere for both the students and the faculty. When a student does not feel secure in their learning area, they are often distracted and unable to focus. For example, a student cannot possibly concentrate if another classmate is spewing insults and cuss words at the teacher. However, if we allowed students the freedom of speech, this could be common place. Contention 2: Moral obligation to provide safe schools Donald Beci stated Because a state requires compulsory school attendance, it has a moral duty to maintain student discipline and to protect children from violence that occurs while they are attending the very schools to which the state has bound them to attend. A school is required to protect the children that it harbors, and thus some civil liberties must not be granted. Examples of these are the right to bear arms and the right to privacy, which could be construed to mean very dangerous things by students not mature enough to understand them. Also, privacy rights must not be granted in school, as it might endanger the safety of others. In fact, Donald Beci also says that, In situations where the school administration and students share joint control of lockers, desks, or other school property, the students would not have a legitimate expectation of privacy in such property; thus, in the abscence of privacy, Fourth Amendment requirements would be inapplicable. Thus schools must disregard some civil rights to uphold the value of safety which most of them abide by. The affirmative has proven that schools must disregard students civil rights in order to ensure a good and safe learning environment.
Saturday, October 26, 2019
Money :: GCSE Business Marketing Coursework
Money GET $40,000 WITH ONLY 6 BUCKS!!! THIS IS NOT A SCAM!!! Original post: GET $40,000 WITH ONLY 6 BUCKS!!! THIS IS NOT A SCAM!!! A while back, I was browsing these newsgroups, just like you are now, and came across an article similar to this that said you could make thousands of CASH within weeks with only an initial investment of $6.00 plus stamps! So I thought, "Yeah, right, this must be a scam!" But like most of us I was curious and kept reading. It said that if you send $1.00 to each of the 6 names and addresses listed in the article, you could make thousands in a very short period of time. You then place your own name and address at the bottom of the list at #6, and post the article to at least 300 newsgroups. (There are about 32,000 of them out there and that's quite a large market pool). No catch, that was it. Even though the investment was a measly $6, I had three questions that needed to be answered before I could get involved in this sort of thing. 1. IS THIS REALLY LEGAL? I called a lawyer first. The lawyer was a little sceptical that I would actually make any CASH but he said it WAS LEGAL if I wanted to try it. I told him it sounded a lot like a chain letter but the details of the system (SEE BELOW) actually made it a legitimate legal business. 2. IS OK WITH THE POST OFFICE OR IS IT MAIL FRAUD? I called them: 1-800-725-2161 and they confirmed THIS IS ABSOLUTELY LEGAL! (See 18, h sections1302 NS 1341 of Postal Lottery Laws). This clarifies the program of collecting names and addresses for a mailing list. 3. IS IT RIGHT? Well, everyone who sends me a buck has a good chance of getting A LOT of CASH ... a much better chance than buying a lottery ticket!!! So, having these questions answered, I invested EXACTLY $7.92 ... six $1.00 bills and six 32 cent postage stamps ... and boy am I glad I did!!! Within 7 days, I started getting CASH in the mail! I was shocked! I figured it would end soon and didn't give it another thought. But the CASH continued coming in. In my first week I made between $20 to $30. By the end of the second week I had a made a total of $1,000.
Thursday, October 24, 2019
Marketing the Beauty Industry Pest Factors
In an Abstract industry as complicated as that of financial Applies the critical success factor intermediation, no simple formula can pre(SF) approach to identify the appropriate CIFS underlying three dolt winners and users from the surrounding types of strategy In the banking environment. Instead of guessing winners industry. The empirical results of and losers, we try to identify the principal this paper show that the various factors that determine a bank's success. Traceries adopted have a significant effect on factors determining Today's banking industry is characterized by success and that the mean intensifying global competition and rapid importance of CIFS varies among advancements in the liberalizing of the the various strategies. The result banking market. This Is specially true of of a factor analysis suggests four Twain's banking market, which has become composite CIFS: bank operation management ability, developing increasingly international and deregulated bank trademarks ability, bank in the asses.In 1991, the government propitiating ability, and financial emulated the Promote Commercial Bank market management ability. Establishment Decree in order to open up the Further discussions and management Implications are also banking market further, and It Invited presented. Foreign Investors to participate In Twain's banking industry; these moves have made the banking market In Taiwan ore competitive. Under these circumstances, a bank has to put in much more than an ââ¬Ë ââ¬Ëaverageâ⬠performance by not trying to be all things to all people.Management must emphasize the strengths that will give the bank competitive advantage, and these may be defined as the capabilities or circumstances which give it an edge over its rivals. Longer term, the success of a bank requires that Its competitive advantage be sustainable. CIFS and the firm's competitive ability are the two mall components of the competitive advantage of a firm (Bamberger, 1989). Appro priately identifying ankhs' CIFS can provide for banks a means of assessing and building up their competitive advantage. In this paper, CIFS are identified from the various business strategies adopted.Because the quest for competitive advantage from International Journal of Bank CIFS is the essence of the business level, as Marketing 17/2 [1999] 83Ãâà ±91 opposed to that of the corporate level, the # MAC university Press business strategy Is teen ten Touch AT attendees effective ] tool. Business strategy Is an management tool and it obviously affects resource allocation and competitive advantage in an enterprise (Hoofer and Ascended, 1978). An appropriate strategy can lead a bank's resources in the desired direction and can effectively enhance a bank's competitive edge while intense competition is at play in the marketplace.The sustainable execution of business strategies can affect the composition and formation of CIFS. It is for these reasons that we address the role of the ma rketing strategy, which has been adopted, when we report on the CIFS. The SF approach represents an accepted top-down methodology for corporate strategic planning, and while it identifies few success factors, it can highlight the key information acquirement of top management (Byers and Blame, 1994; Orchard, 1979). In addition, if the critical success factors are identified and controllable, management can take certain steps to improve its potential for success.Prior research concerning CIFS has been undertaken in the banking industry. However, the specific strategy underlying bank success has not been detailed. This paper fills that void by combining a study of both CIFS and different types of adopted strategies. Note that we employ the ââ¬Ë ââ¬Ëindustry-levelâ⬠analysis approach, rather than the approach adopted in company- bevel studies, and stress the factors in the basic structure of the banking industry that significantly impact a bank's operational performance.In se ctions two and three, we first review the related literature, and then discuss the strategy setting and the CIFS. Section four discusses the survey framework of the study. The empirical results are presented in section five, and the sixth section comprises final discussions and conclusions. 2. The critical success factors approach Orchard, in 1979, was first to define the concept of critical success factors. He defined [ 83 ]Test-yeti Chin Critical success factors for various strategies in the banking industry International Journal of Bank Marketing 17/2 [1999] 83Ãâà ±91 them as ââ¬Ëthe limited number of areas in which results, if they are satisfactory, will ensure successful competitive performance for the organizationâ⬠. He indicated that SF is a useful approach for identifying management's information requirements because it can focus attention on areas where ââ¬Ëthings must go rightâ⬠. Boonton and Smug (1984) also defined SF as the ââ¬Ë ââ¬Ëfew things t hat must go well to ensure success for a manager or an organizationâ⬠.They recognized the SF approach as an appropriate planning instrument. Lieder and Bruno (1984) identified the few critical success factors, often as few as six in a successful firm, while Summaries (1984) attempted to rank CIFS based on their relative importance. Martin (1990) then pointed out that CIFS combined with computers could effectively translate business strategy planning. Crag and Grant (1993) highlighted the contexts of competitive resources Ana Illustrated ten relations Detente competitive resources Ana critical success factors.Kay et al. (1995) identified several CIFS applicable to insurance agency sales in high performance and low performance groups. With regard to the banking industry, Johnson and Johnson (1985) proposed that the width and depth of the product and service line, low operating costs, and a good bank reputation can be considered as the three critical success factors in a competiti ve market in the banking industry. Canals (1993) recognized that the concepts of value chain and bank configuration could be employed to develop a bank's competitive advantage.He identified four sources of a bank's competitive advantage, namely: 1 manpower; 2 financial management; 3 asset base; and 4 intangible assets. Wiled and Singer (1993) singled out three critical success factors for banks and insurers, that is, lower cost, product differentiation, and financial strength. In our study, we highlight the role of business strategy when we identify CIFS in the banking industry. Our research results contribute to the current literature and provide some useful insights concerning the CIFS associated with bank management and business strategy. ND functional area strategies and found that there were obvious differences between the organizational structure, management function and competitive resource/advantage. Next, Lieder and Bruno (1984) identified competitive resources in four semi -conductor companies, which operated with different business strategies. They found that when the companies utilized different business strategies, it clearly affected their resource utilization and the business goals emphasized. David and Sheehan (1990) further stated that firms based the selection of their business strategy primarily on technological levels and financial situation.They proposed that one could identify a firm's competitive advantages by its technological level and financial situation. Moreover, a set of business strategies is applicable to nominative firms' quest for a niche; this is described by Porter (1985). Porter (1985) suggested that business strategies could be categorized as: . Cost leadership; . Differentiation; . Specialization; and . Stuck in the middle. Miles and Snow (1985) also identified parallel business strategies in firms which will condition organizational development.In their study, they categorized four types of business strategy, that is: 1 pr ospector; 2 analyzer; 3 defender; and 4 reactor. A prospector usually attempts to enter a new market and adjusts his/her products and services in a timely manner. An analyzer is identified as a cost saver and/or efficiency promoter, especially in risk and innovative businesses and is always the second company to enter a new market. A defender is an expert on managing an experienced task in a stable market, with stability and security as key principles.Finally, a reactor is a contingency player and typically lacks a consistent strategy. This study uses Miles and Snow's (1985) four types of strategy as one of the ââ¬Ë ââ¬Ëbest knownâ⬠and most widely accepted models for bank growth and market analysis. In a study of various types of business strategy, Shortest and Jack (1990), McDaniel and Solaria (1990), and Seven (1991) illustrate business operations and refer to Miles and Snow's (1985) descriptions of the four types of business strategy for organizational development. Ta ble I presents the details of these four types of strategies.As stated above, we find that if we conduct a SF study in the banking industry and obtain some applicable CIFS, consideration 3 1 en strategy setting Ana Much empirical research has attempted to verify the relationship between competitive advantages and business strategies. First, Shaker (1979) discussed corporate, business 84] Table I The four types of business strategy for banks 1 . Prospector A prospector always maintains a wide product line and market field and monitors his/her business environment as related to new market opportunities based on a macro point of view.A prospector desires to become a first market opener, even when this market is uncertain and high-risk. Prospectors quickly respond to signals in the economic environment, usually resulting in renewed competition. Certainly, it cannot be guaranteed that the prospector will hold his competitive strengths in all the new markets that he/she enters 2. Analyzer An analyzer usually tries to hold stable and limited product and service items. Before he/she enters a new market, he/she makes a considered evaluation in advance. An analyzer can become an initiator of a new product or new service, but will try to lower costs or be more efficient.Analyzers will be the second (or third) company to enter a field. An analyzer usually obtains market share by imitating a new product and through marketing; production and research departments play an important role in analyzers' business activities given this type of strategy A defender emphasizes his resources in experienced tasks in a stable raked. A defender tries to hold on to his/her niche in a relatively stable product line. He/ she usually provides higher quality service at a lower price in order to maintain market share and manages his/her business in the current, limited product line and service items.A defender tends to ignore reforms in the industry and makes efforts on current development in a limited business field, rather than becoming a pioneer A reactor does not have a consistent business direction to follow. He/she does not try to maintain current competition status and is never willing to undertake business risk eke other competitors. A reactor usually lacks a consistent business strategy and that may be the reason why reactors seldom perform well. In general, a reactor does not have a clear strategy and always makes decisions under pressure from the environment 3.Defender 4. Reactor Sources: Modified from McDaniel and Solaria (1987), Seven (1987) and Shortest and jack (1990) AT ten erects stemming Trot ten Dustless strategies Walt wanly Dank operate may be needed. In considering the business strategy, we need to consider whether different business strategies result in different CIFS. We then put forward two repositions, which need to be tested: 1 Business strategy is an important factor in establishing CIFS. 2 CIFS differ within banks when banks adopt different b usiness strategies. Thus, the following hypothesis tests can be included: . N overall test (AY) based on the null hypothesis that there are no significant differences in the mean values of the composite CIFS for strategy groups; . An individual test (81) that there are no differences in the mean values of the specific SF for the strategy groups; . A pair-wise test (82) that there are no significant differences through all the possible airs of factors of CIFS and across three kinds of strategy. 4. The survey framework The target population for this cross-sectional survey consisted of 375 local bank managers in Taipei City.Of these, nine-tenths (336) were domestic investor-owned banks and only one-tenth (39) were foreign inventoried banks. We used a questionnaire to collect the necessary data from bank branch managers. The questionnaire was persisted twice and incorporated changes as recommended by the respondents. Respondents were asked to indicate the importance of each of 25 items which could contribute to success on a five-point Liker scale ranging from very lowâ⬠to ââ¬Ëvery highâ⬠(Aria et al. , 1996). The Liker measurement examined the respondent's perceptions of each item's function and importance.The questionnaire, and an official cover letter explaining the purpose of the study, were mailed in 1997. Of the 375 surveyed, the reply rate was 38. 1 per cent (143 respondents), which is typical of surveys of banks. Among the responses, 138 [ 85 ] were usable; this number constitutes the effective sample size for this study. The literature provides an applicable list of applicable success items and CIFS in the banking industry. Based on these studies, we collectively identify a total of 22 success items relevant to commercial banks.Three items obtained from a pretest of the questionnaire used in this study are also attached (see Table II). The 25 success items are listed as in the questionnaire and the sources of the success items are presented i n parentheses. In addition, a comprehensive description of the four types of strategy was given in the questionnaire and a self-reporting process was used to identify bank strategy. Of the 138 respondents who indicated their business strategy, 26 (18. 8 per cent) were prospectors, 74 (53. 6 per cent) were analyzers, 34 (24. Per cent) were defenders, and 4 (2. Per cent) were reactors. The mean business years was 9. 3 years for the 138 banks; the 26 prospector banks had 7. 4 business years, which was smaller than that of the analyzers (9. 8 business years) and that of the defenders (12. 9 Dustless years). I en prospectors are categorize as ten youngest Dank, Wendell ten defender banks are categorized the oldest, an arrangement which seems to fit with Miles and Snow's analysis. Note that only four of the respondents were reactors; therefore, we omit the reactor strategy in our empirical analysis and view this as a limitation of he study. 5.Empirical results The results are presented as follows. First, the mean rating on variables of interest was computed. Second, a factor analysis of the 25 success items was conducted to identify composite CIFS. Third, to test whether the importance of the composite CIFS is different with specific attributes, we undertake a multivariate analysis of variance (NOVA) in the dimension of the various business strategies adopted. The result of this analysis is rather important for the commercial bank manager in guiding sales decisions and for the analyst in cross-checking results obtained in related studies.
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