Thursday, August 27, 2020

Calculation of Payback Period for Investor Return

Figuring of Payback Period for Investor Return Official Summary The report only arrangements with the Accounting and Financial Management. The report has been partitioned into two expansive sorts. The initial segment manages the estimations with respect to the restitution time frame, normal bookkeeping return and earn back the original investment examination. This piece of the report additionally clarifies the different parts of the equivalent. The following portion of the report depends on the counts related with the Horizontal and vertical investigation. Further, it additionally clarifies the various examples and patterns present in the Income Statement and Balance Sheet dependent on the computations done. Presentation The essential target of bookkeeping in any business is to enable that business to make the most extreme benefit after assessment. Except if bookkeeping makes its full commitment to that objective, its expense can't be defended. In today’s industry, one of the manners in which bookkeeping pays for itself is to assist the executives with controlling tasks. Another path is to assist the executives with using its working money to the best conceivable bit of leeway. Each business has significant budgetary concerns and its prosperity or disappointment depends in a huge part on the nature of its money related choices. Powerful monetary dynamic requires a comprehension of the goal(s) of the firm. The broadly acknowledged goal of the firm is to augment the estimation of firm for its proprietors, for example to boost investors riches (MAYER, R. et al, 2005). Consequently, the bookkeeping and money related administration has become an essential piece of business in the twenty-first century. The idea of restitution period, normal bookkeeping return, breakeven examination, pattern investigation and vertical examination are significant for any business, large or little. Conversation 2.1 Problem 1 An organization is thinking about a capital task costing  £ 400,000. The business estimates, along with the gauge use are demonstrated as follows: Table 1: Sales and Expenditure Forecast Year Deals ( £) Cost of Sales ( £) Other variable expenses ( £) Fixed expenses aside from deterioration ( £) Deterioration ( £) 1 200,000 60,000 20,000 30,000 100,000 2 300,000 90,000 30,000 30,000 100,000 3 400,000 120,000 40,000 30,000 100,000 4 300,000 90,000 30,000 30,000 100,000 1,200,000 360,000 120,000 120,000 400,000 The above issue can be detailed as Income Statement as beneath: Table 2: Income Statement of the Company A long time 1 2 3 4 Deals 200,000 300,000 400,000 300,000 Cost of Sales (60,000) (90,000) (120,000) (90,000) Net Profit: 140,000 210,000 280,000 210,000 Variable Cost (20,000) (30,000) (40,000) (30,000) Income before Fixed Charges: 120,000 180,000 240,000 180,000 Fixed Cost (30,000) (30,000) (30,000) (30,000) Income before duty and devaluation: 90,000 150,000 210,000 150,000 Deterioration (100,000) (100,000) (100,000) (100,000) Overall gain: - 10,000 50,000 110,000 50,000 2.1.1 Calculation of Payback period for the Project The recompense time frame for the venture is the period of time to get your cash back (FABOZZI and PETERSON, 2003). In this issue, the organization has contributed  £ 400,000. The table underneath shows the normal incomes in the four years: Table 3: Expected Cash Flows of the Company End of Year Expected Cash Flows Gathered Cash Flows 1 90,000 90,000 2 150,000 240,000 3 210,000 450,000 4 150,000 600,000 From the table above, obviously toward the finish of Year 2, the full  £400,000 won't be repaid. We have to have some sum from Year 3 too. The sum required from Year 4 will be  £400,000 †240,000 =  £160,000. Thus, the recompense time frame is determined as: Compensation Period: 2 years + 160,000/210,000 = 2.762 years = 2 years and 9 months (Approx.) In this way, the Payback time frame for the organization is 2 years and 9 months. Figuring of the Average Accounting Return The Average Accounting Return (AAR) gauges the arrival on a speculation, after expenses and deterioration, over a predefined period. Scientifically, the proportion is equal to the normal profit less duties and devaluation, partitioned by the normal book an incentive over the term of the venture. As indicated by table 2 above, we have to discover the estimations of: Normal task procuring after expense and devaluation Normal Net Income = Sum of every single Net Income/No. Of Years = (- 10,000 + 50,000 + 110,000 + 50,000)/5 =  £ 50,000 Normal book estimation of the speculation during its life time The devaluation for every year is  £ 100,000. In this manner, the yearly book estimation of speculation is given by: Table 4: Book Values Year Book Value 1 400,000 2 300,000 3 200,000 4 100,000 5 0 Normal book esteem = Sum of all book esteems/No. Of years = 400,000 + 300,000 + 200,000 + 100,000 + 0/5 =  £ 200,000 Normal Accounting Return (AAR) = 50,000/200,000 = 0.25 In this way, the Average Accounting Return for the contributed  £ 400,000 after duties and deterioration is 25 %. Make back the initial investment Analysis for the Project One of the most well-known instruments utilized in assessing the monetary possibility of another undertaking or item is the make back the initial investment examination. The equal the initial investment point is where income is actually equivalent to costs (HOLLAND, 1998). Now, no benefit is made and no misfortunes are acquired. The earn back the original investment point can be communicated regarding unit deals or pound deals. That is, the make back the initial investment units demonstrate the degree of deals that are required to take care of expenses. Deals over that number outcome in benefit and deals underneath that number outcome in a misfortune. The earn back the original investment deals demonstrate the pound of gross deals required to make back the initial investment. Thus, an equal the initial investment can't be determined just a single time. It ought to be determined all the time to reflect changes in expenses and costs and so as to keep up productivity or make alterations in the product offering. 1 Earn back the original investment (Sales) = Total Fixed Cost/(1-Total Variable Cost/Sales) For Year 1, BEP (Sales) = 130,000/(1-80,000/200,000) =  £ 216,666.67 For the Year 2, 3 and 4 additionally same BEP (Sales) esteem came because of proportionate change altogether fixed cost, complete variable expense and deals. This figure is the degree of deals that the organization must reach so as to make back the initial investment. Once more, in the event that the organization is arriving at more than this, at that point it ought to make a benefit and in the event that it isn't, the organization won't sufficiently offer to cover the fixed costs. Along these lines, no benefits are produced using the offer of item until more than  £ 216,666.67 in net deals is created. ____________________ Source: 1, HODGETTS KURATKO,1986. As deals builds, variable expenses are brought about, implying that all out costs (fixed + variable) additionally increment. At low degrees of yield, costs are more prominent than pay. At the purpose of crossing point (all out deals and absolute cost convergence), costs are actually equivalent to pay, and thus neither benefit nor misfortune made. This purpose of convergence is known as the Break-even point which is seen as  £ 216,666.67. In the principal year, the all out deal made by the organization is  £ 200,000. Be that as it may, BEP (Sales) is seen as  £ 216,666.67. That implies, the organization is still shy of  £ 16,666.67 so as to make neither benefit nor misfortune for example BEP. In the subsequent year, the complete deal made by the organization is  £300,000. Contrasted with the BEP (Sales) which is  £ 216,666.67; the organization is presently making benefit. What's more, it keeps on doing that for year 3 and 4 too. Accordingly, earn back the original investment investigation encourages an organization to keep up gainfulness when expenses and costs changes. 2.2 Problem 2 The Horizontal and vertical investigations on budget summaries of the Geneva Palace Hotel are as per the following: Table 5: Income Statement (Horizontal Analysis) Pay Statement Geneva Palace Hotel For the Years Ending 31 December 2005, 2006 and 2008 2005 % ( 2005-2006) 2006 % (2006-2007) 2007 Food Sales Revenue  £ 1,700,500 5.26  £ 1,790,000 4.00  £ 1,861,600 Cost of Goods Sold 471,128 6.38 501,200 8.00 541,296 Net Profit 1,229,372 4.83 1,288,800 2.44 1,320,304 Working Expenses Compensations and Wages 541,654 12.36 608,600 9.00 663,374 Representative Benefits 63,008 13.64 71,600 11.00 79,476 Clothing Expenses 17,005 5.26 17,900 3.50 18,527 Supplies Expenses 52,089 3.09 53,700 3.50 55,580 Promoting 16,826 6.38 17,900 6.00 18,974 Utilities 36,860 3.09 38,000 1.50 38,570 Support 16,910 12.36 19,000 10.00 20,900 Different Expenses 38,800 3.09 40,000 1.50 40,600 All out Operating Expenses 783,152 10.67 866,700 8.00 936,001 Pay Before Fixed Charges 446,220 - 5.41 422,100 - 8.95 384,303 Fixed Charges Lease 19,400 3.09 20,000 4.00 20,800 Property Taxes 9,400 6.38 10,000 5.00 10,500 Protection 4,250 17.65 5,000 20.00 6,000 Intrigue 76,000 5.26 80,000 4.00 83,200 Deterioration 19,200 4.17 20,000 4.00 20,800 All out Fixed Charges 128,250 5.26 135,000 4.67 141,300 Inc

Saturday, August 22, 2020

The Expansion of Europe and China in the 15th Century Free Essays

In the fifteenth century, the western and eastern sail innovation was practically identical. The mariner’s compass, so significant to route far out of land, was created from the Chinese charged needle of the eighth century, and it ventured out by means of land course to the Mediterranean where about the twelfth century the Europeans or the Arabs built up the genuine mariner’s compass (drifting), yet China before long got the improved model. 27 So both East and West had the mariner’s compass in the fifteenth century. We will compose a custom article test on The Expansion of Europe and China in the fifteenth Century or then again any comparative theme just for you Request Now Harsh post rudders, which are a critical favorable position over controlling paddles in guiding bigger ships in turbulent oceans, were used in China as ahead of schedule as the first century A. D. These were not created until about the fourteenth century in Europe, yet harsh post rudders were accessible to both East and West in the fifteenth century. Information on wind and ocean flows was extensively further developed in the West by the Portuguese and Dutch than by the Chinese in the fifteenth century. 8 The West likewise had unrivaled information on divine route, that bit of leeway being shared by the Arabs; the Chinese were decreased to using Islamic cosmologists and mathematicians at the Imperial Observatory, however had not stretched out heavenly work to the commonsense work of exploring starting at yet. The Arab and the Portuguese cross-staff or balestilha created in the fourteenth century, and the astrolabe for far superior estimation of the point of heavenly items in the mid fifteenth century. 29 In military innovation, both East and West had gun, shield and ponies. In outline, before the fifteenth century, the Chinese were ahead in oceangoing boat innovation, with bigger compartmented boats and proficient fore-and-rearward lugsails on numerous poles. In the fifteenth century, the Chinese and the Europeans were in unpleasant generally equality. The Chinese were ahead in transport size and body development, and the Portuguese were ahead in expressions of the human experience of route, and there was equality in sail innovation (the Chinese with secured lugsails, the Portuguese with lateen sails). Neither had an unmistakable by and large favorable position. Both were innovatively equipped for incredible journeys of revelation, commercial undertaking, and colonization. In following the turns of events, what is unmistakable is that the pace of progress in nautical innovation of the West was significantly quicker than that of the East. By the sixteenth century, the West was obviously prevalent in maritime oceanic innovation (particularly considering the relapse that happened in China because of arrangement impacts). During the fifteenth century, Europe started a procedure of nprecedented development that by 1650 had influenced all zones of the world. This was very of a worldwide inclination towards multifaceted nature among numerous human social orders. Coordinating the realms of the Aztecs, the Inca, and the West Africans were rising states on the Eurasian edges, for example, Japan or the European governments in England, France, Spain, and Portugal. In Eurasia, creating navigational innovation, alongside growing exchange, supported long o cean journeys by Arabs, Japanese, Chinese, and Europeans. However, just the Europeans connected up all the mainlands in another worldwide age, when ocean power, instead of land-based militaries, was the primary power in realm building. Abroad development was clearly related †both as circumstances and logical results †to the European change from medievalism. The Crusades and the Renaissance animated European interest; the Reformation created a great many fanatical strict teachers looking for outside proselytes and evacuees looking for strict opportunity; and the rulers of developing sovereign states looked for incomes, first from exchange with the Orient and later by abusing another world. Maybe the most saturating impact was the ascent of European private enterprise, with its financial qualities, benefit looking for inspirations, speculation foundations, and steady motivation toward monetary extension. A few antiquarians have named this entire financial change â€Å"the Commercial Revolution. † Others have utilized the expression in a smaller sense, alluding to the move in exchange courses from the Mediterranean to the Atlantic. Deciphered in any case, the Commercial Revolution and its going with European development helped introduce the cutting edge time. Instructions to refer to The Expansion of Europe and China in the fifteenth Century, Essay models

Friday, August 21, 2020

Personal Values Essay Samples

Personal Values Essay SamplesPersonal values essays are an effective method for conveying your personal feelings in writing. It is a way of expressing your thoughts about important life issues and it is also an expression of your values in writing.However, when you are trying to write a personal values essay you need to come up with a strong and original essay that is well thought out and not just a pile of thoughts. Personal values essays should be able to explain and support your points. This can be a lengthy essay that contains several separate ideas all dealing with the same issue. Such essay requires the writer to go back and forth to support his point by way of supporting evidences.Personal values essays can sometimes be overwhelming to the reader because of its length, but they can still be written in an interesting and coherent manner. Writing a personal values essay is one of the hardest things a person can do.There is a good reason why writing this type of essay is so diffi cult. First, the essay is written as a 'passive' document. The main idea is supported by the information gathered from the personal values that are found in the essay. In this case, a person needs to gather a number of evidences to support his point.Next, the idea or the facts related to the personal values should be supported by the facts of the writer's life. The essay must support the writer's thoughts by using his own ideas and experiences. By the same token, the writer has to show a well-researched argument and to make it interesting the essay must come up with a number of supporting evidences.The essay has to include the personal values in such a way that it makes sense. The essay should be well written and articulate in order to make the point. The writer needs to be able to understand how the values of others will affect him, in addition to the reader.With this information already laid out, the next step is to find a variety of personal values essay samples. A writer can use any sources, but he should be able to differentiate between the original and copywrited version. That is, if the essay sample uses the words of a famous author that is followed by the writer in the essay, then the writer has copied the word for word.Finally, the essay should be written well and there is no need to include fancy or convoluted words that might confuse the reader. In writing a personal values essay, the information should be delivered clearly and the essay must be well written. Good writing skills are a must.

Monday, May 25, 2020

The Progressive Era Of The Era - 1250 Words

Progressive Presidents In the period of time following the Reconstruction Era the Progressive era came about, presented with abundant opportunity but also hindered by significant economic, political, and social issues. America was pining for a leader who could provide solutions to all of these issues, caused by rapid industrialization. In 1901, Theodore Roosevelt emerged as a leader for the progressivism movement, which focused on reforming the major issues that society faced at that time such as fear of immigrants and corporate greed. Roosevelt was recognized as a friend to the common people as well as a trustbuster, and this furthered his reputation as being the savior of the issues of the late 1800’s and early 1900’s because he pushed to reform as many obstacles presented to him as he could. Even though he gained his presidential spot due to the assassination of President McKinley he still proved to be the most effective president in dealing with the issues of the late 1800s and the early 1900s. In 1902 Roosevelt resolved a mining strike, which resulted in a 10 percent pay increase and a nine-hour working day for the workers. Through this, he gained support of the public for being the first president to side with a labor union in a dispute and nicknamed his administration â€Å"The Square Deal†. Roosevelt formed the Square Deal on three basic ideas: control of corporations, conservation of natural resources, and consumer protection. These ideas were aimed to help the middleShow MoreRelatedThe Progressive Era Of The Era1949 Words   |  8 Pagesshaped the United States throughout all of history. The most important of these changes, however, occurred during America’s progressive era. The Progressive era is defined as the time period of 1890 to 1920. Even though, progressive presidents were not in office during that entire time period, the ideals that they enacted and developed throughout the United States. The Progressive Era saw the expansion and contraction of political and economic freedoms through pure democracy. Socially, the new consumerRead MoreThe Progressive Era Of The Era1323 Words   |  6 PagesThe Progressive Era The decades somewhere around 1890 and 1920 was a time of essential change action that history specialists have called, The Progressive Era. In this period a large number of Americans sorted out in intentional relationship to think of answers for the numerous issues. Industrialization, with all its expansion in efficiency and the quantity of purchaser merchandise, made unemployment and work distress, inefficient utilization of normal assets and misuse of corporate power. DevelopingRead MoreThe Progressive Era857 Words   |  3 Pagesapparent to them and many other times they have no idea it is happening until decades later. Regardless of what happened in different eras of history one thing always holds true, it made America who they are as a country. From the late 19th century into the early 20th century America wen t through one of these transformations with the birth of the progressive era. It left it’s imprint on American culture and will continue to for decades to come. The decades that worried America and its future wereRead MoreThe Progressive Era1003 Words   |  5 PagesThe Progressive Era Progressivism in the United States took place in the period between the Spanish-American War and the entry of the United States into the great World War. It was a time for change in America in all walks of life, as well as a time for reform. It was marked by Theodore Roosevelts 7 and a half years in office, the Rough Rider put it upon himself to make the first strides towards reform. These reforms included the cracking down on illegal monopolies and so forth. During thisRead MoreThe Progressive Era1119 Words   |  5 Pages The Progressive Era was a plentiful time period when Americans wanted to make America better. According to Brinkley, â€Å"Not even those who called themselves progressives could agree on what the term meant, for it was a phenomenon of great scope and diversity† (Brinkley 487). These progressives were tired of America’s stereotypes, such as women only being mothers and African Americans being seen as slaves. This generation fought for what they believed in, and for the most part, eventually succeededRead MoreThe Progressive Era 938 Words   |  4 PagesThe Progressive Era was a time period between the years 1900-1920 and it marked a time in American history in which society was bursting with enthusiasm to improve life in the industrial age by making political and social changes through government action that ultimately led to a higher quality of life for American citizens. Progressives were known for their bel iefs in limiting the power of big business, strengthening the power of the states, and were advocators against corruption and social injusticeRead MoreThe Progressive Era845 Words   |  4 Pages1--Discuss, in detail, the main overall goals of the Progressives. The Progressive Era was mainly a retaliation to numerous changes and social effects that were happening in America. The era emerged in the 1800’s from complications with the latest industrial order, which included workers who protested about how their jobs were unsafe and exhausting. They also focused on byproducts such as immigration, urban growth, growing corporate power, and widening class divisions. They were also known as humanitariansRead MoreProgressives And The Progressive Era1253 Words   |  6 PagesThe progressive Era was times in History were local state and federal government took a leap forward in power and activism. In addition, the progressive era, was a time of development of new reforms and changes for America. Progressivism handles a wide range of problems and struggle for America. Such problems were created by unstructed industrialization, urbanization and immigration. As well as, the unfavorable distribution of power and wealth. Progressives believed stro ngly that problems such asRead MoreThe Progressive Era1825 Words   |  8 PagesThe Progressive Era cannot be characterized by one single event or person, but it certainly experienced multiple events and people who swam with high velocity in the sea of reformation. People such as Jane Addams, Teddy Roosevelt, and W.E.B DuBois led the progressive movement with their outspoken ideas and impact on the era. Events and works such as The Jungle by Upton Sinclair, Muller vs Oregon, and the Clayton Antitrust Act stand out as important and pivotal to the era. Between 1900 and 1920, manyRead MoreProgressive Era And Liberal Era1382 Words   |  6 Pages DBQ Progressive Era Essay Many citizens throughout the Progressive Era believed no changes occurred in the society because the press did not write about the changes and the Woman’s Suffrage Movement did not change either. However, changes such as the government changing, both the labor and meat inspection reforms, and trusts reforms indeed brought about change, noticeable or not. Therefore, the Progressive era brought great social, political, and economic change by bettering the overall lives of

Thursday, May 14, 2020

Jean Piaget s Theory Of Cognitive Development - 895 Words

Many people have contributed to the study of Psychology. One of these great contributors is Jean Piaget, a Swiss psychologist. He is mostly known for his theory of cognitive development. Jean Piaget used his own life as well of the lives of his own children to develop this theory. He believed that the thought process between children and adults were different and thus that began the process of Cognitive Development. Jean Piaget is a Swiss psychologist who was born on August 9, 1986. He is one of the most influential figures in the history of psychology. At the age 11, he had already started his career as a researcher by writing a paper on an albino sparrow (www.verywell.com/jean-piaget-biography). He continued his studies and later received his PH.D in Natural Sciences (www.biography.com/people/jean-piaget). While he was in Paris, Piaget studied newborns through adolescences. He came up with many interesting findings and facts about cognitive development (www.simplypsychology.org/piaget). Jean Piaget developed a theory that states that children develop cognitively through four developmental stages, sensorimotor, pre-operational, concrete operational and formal (Rathus, 2016, p97). Piaget thought that from birth to the age of two, the child is a sensory being, and information is absorbed through sensory and motor activities (www.biography.com/people/kean-piaget). Piaget called this stage Sensorimotor. Piaget further broke this stage down into six sub-stages (Rathus,Show MoreRelatedJean Piaget s Theories Of Cognitive Development1360 Words   |  6 Pages Jean Piaget was a Swiss psychologist. He worked in the fields of Developmental Psychology and Epistemology. He’s known for his works and theories in the field of child development. His theories of cognitive development and epistemological views are called, â€Å"genetic epistemology†. Piaget placed the education of children as most important. His works and theories still play a huge role and influence the study of child psychology today. Jean Piaget was born on August 9, 1896 in Neuchatel, SwitzerlandRead MoreJean Piaget s Theory Of Cognitive Development1607 Words   |  7 PagesShaquille Ross Professor Morris Piaget Theory Jean Piaget s theory of cognitive development gives a broader way of explaining the way of how the process of thinking is developed, based off of different age groups. He became interested in how organisms adapt and conform to its environment. He believe that it was labelled as intelligence. He observed these behaviors by controlling them through schema or schemes. In other words, Piaget organized experiments that are based off of intellectualRead MoreJean Piaget s Theory On Cognitive Development1045 Words   |  5 Pageshave shaped our understandings of the human mind and our behaviors. Jean Piaget was by no means an exception. Piaget was a clinical psychologist known for his pioneering work in child development. He was the first psychologist to make a systematic study of cognitive development. Over the course of his later career in child psychology, he identified four stages of mental development that took into account young people s development from basic object identification t o highly abstract thought. This paperRead MoreJean Piaget s Theory Of Cognitive Development1553 Words   |  7 PagesJean Piaget is considered to be very influential in the field of developmental psychology. Piaget had many influences in his life which ultimately led him to create the Theory of Cognitive Development. His theory has multiple stages and components. The research done in the early 1900’s is still used today in many schools and homes. People from various cultures use his theory when it comes to child development. Although there are criticisms and alternatives to his theory, it is still largelyRead MoreJean Piaget s Theory Of Cognitive Development1071 Words   |  5 PagesIn this essay I want to analyse Jean Piaget’s (1936) stage theory of cognitive development and Erik Erikson’s (1959) theory on stage development. Piaget’s theory focuses on cognitive development where Erikson’s applies a more psychosocial lens. I will be analysin g the key concepts of each theory and comparing them to see the similarities and differences in the theorists thinking. Piaget’s theory is made up of four stages. The first stage was the sensitometer stage. This occurs from birth to twoRead MoreJean Piaget s Theory Of Cognitive Development877 Words   |  4 PagesJean Piaget is one of many theorists to have proposed ideas about development. However he was the first to make a methodical study of cognitive development. In his theory Piaget describes four main stages of psychological development which he believes children move through. His theory suggests that each stage helps to construct the next; leading cognitive abilities to become more advanced as we grow older. When taking into consideration discontinuity and continuity; Piaget’s cognitive stages leansRead MoreJean Piaget s Theory Of Cognitive Development1641 Words   |  7 PagesJean Piaget (1936), was a developmental psychologist from Switzerland. He was known to be one of the first psychologists to study cognitive development. His contributions include an in depth theory of cognitive child development. His studies include many detailed child observations and a series of simple but ingenious tests to reveal a child cognitive abilities. Before Piaget’s theory of development many psychologists believed that children were just less competent thinkers then adults. Piaget arguesRead MoreJean Piaget s Theory Of Cognitive And Affective Development1693 Words   |  7 PagesMethodology and Cognitive Theory of Jean Piaget The Methodology and Cognitive Theory of Jean Piaget Timothy Carlton Southwest Tennessee Community College A Paper Presented In Partial Fulfillment Of The Requirements For Life Span Psychology 2130-L01 July 31, 2014 â€Æ' â€Æ' Abstract Jean Piaget’s theory of Cognitive and Affective Development is a result of an interdisciplinary approach to understanding mental processes and the behaviors presented by those processes. Piaget’s theory encompasses developmentRead MoreJean Piaget s Theory Of Cognitive Development943 Words   |  4 PagesJean Piaget’s theories of cognitive development broke new ground in the field of Psychology leading to the extension of further research into the area of developmental psychology. In this essay I seek to examine these theories whilst considering their current relevance to modern psychology and society. A major part of Piaget’s theory focuses around the idea of schemas; a set of linked mental representations used to make sense of the world. According to Piaget (1952), we are born with a small setRead MoreJean Piaget s Theory Of Cognitive Development Essay2015 Words   |  9 Pages Jean Piaget’s Theory of Cognitive Development Penny Clark Austin Peay State University Jean Piaget’s Theory of Cognitive Development Introduction There have been many people that have made huge contributions to the school of psychology. Perhaps one of the most influential theorists was Jean Piaget. Piaget was a philosopher, biologist, educationalist, and psychologists. He decided to study the many ways in which children develop knowledge. He made many contributions to his theories

Wednesday, May 6, 2020

Human Resource Management And An Organization Essay

Human resource management is a tool in an organization, which focuses on the recruitment, management, and giving direction to the people who work in the organization. Human resource management is a vital component, which deals with issues concerned with people. Such issues include, hiring, performance management, developmental issues, safety, staff welfare, benefits and staff motivation. An organization cannot create a group of professional working staff without better human resources (Stewart, Brown, 2012, 65). The human resource management has a wide variety of functions in an organization. The first function is to recruit and train new staff members. An organization needs to update its staff members after a series of time to enhance better performance. The human resource management department owns the responsibility of coming up with strategies and plans on how to recruit new staff members. They identify the best criteria to be used during recruitment and design questions to be u sed during interviews. Human resource management department sets up the responsibilities for individuals to be recruited. Basing on the facts, the contract is also prepared for the newly recruited staff member (Stewart, Brown, 2012, 101). Aruba Marriott Resort Stellaris Casino is one of the largest hotels in the world. The only reason behind Aruba Marriott Resort Stellaris Casino’s success is the strategies in the organization. The wide benefits that the Human resource offers to theShow MoreRelatedHuman Resource Management : The Management Of An Organization1250 Words   |  5 PagesHuman resource management is the management of an organization to build and maintain the relation between the employee and the organization in order to meet business objectives and employee expectations. The process of hiring and developing employees so that they become more valuable to the organization. Human resource management is the governance of an organization s employee. HRM is sometimes referred to simply as human resource. HRM is the process of recruitment, selection of employee, providingRead MoreHuman Resource Management : The Management Of An Organization980 Words   |  4 PagesHuman Resource Management Overview Human Resource Management is the management of an organization’s employees. When a company designates a Human Resource (HR) department, those in HR are the ones responsible for overseeing the well-being of personnel in the workplace, and focus on how to attract, hire, train, motivate, and maintain employees of the organization. (DeCenzo, Robbins, Verhulst, 2013, p4). According to David S. Bright from the Raj Soin College of Business at Wright State UniversityRead MoreHuman Resource Management : An Organization1420 Words   |  6 PagesHuman resource management is a term that is often used loosely and is assumed to be common sense, but the people behind good human resource teams know that those accusations are simply not true. HRM is all about how to manage people in the most effective manner in order to produce the best outcome for the company. HRM has many fascists, including recruitment of employees, initial training, hiring, advising employees, developing job description s, providing ongoing training to all employees, developingRead MoreHuman Resource Management : An Organization3527 Words   |  15 PagesHUMAN RESOURCE MANAGEMENT: Introduction: Human resource management is the all about of recruitment, employee’s selection, providing necessary training and skill development, assessment of employees, and all other factors related to the employees in organization. Human: refers to the skilled and unskilled workforce in the organization Resource: refers to limited availability of scarce Management: refers to the process of coordination of human resource in organization to get the best results is calledRead MoreHuman Resource Management At An Organization1488 Words   |  6 PagesAs a human resource manager, there is a duty to manage workforce productivity. This adds on to the normal workload and responsibility of a human resource manager but is needed for optimizing the return on investment for the organizations’ labor expense. When looking at any organizations’ human resource department the main purpose is its effectiveness both in staff and in business. In order to be effective, most human resource managers first must develop an effective professional. That begins withRead MoreHuman Resource Management : An Organization Essay1429 Words   |  6 PagesHuman resource Management is very important in every organization. It satisfies the needs of man power and creates an atmosphere where all employees can work together to achieve the goals of an organ ization. HRM role is to plan how to recruit right people and give experienced and well trained workforce to organization. It makes plans for training and development of human resource in an organization. The main functions of Human Resource Management in an organization are given below: 1. RecruitmentRead MoreHuman Resource Management : An Organization1524 Words   |  7 Pagestougher competition, Human Resource Management has taken on roles that have intermeshed them with the company as a strategic partner rather than just an individualized operating type system focused on simple tasks. Critical to a corporation’s growth and success is their ability to gain a competitive edge. Superior Human Resource Management assists the organizations fulfill its goals and attain success. This paper will outline why it is essential for Human Resource Management to transform beyond itsRead MoreHuman Resource Management : An Organization Essay1418 Words   |  6 PagesHuman Resource Management As competition increases around the world, leading companies in every business category have recognized that having a quality workforce can help the company gain a competitive advantage in the market. Many companies have started hiring people irrespective of their race, sex, religion, nationality etc. The critical thing for any company is to understand and use potential of their workforce. Building and managing top-quality workforce is not as easy as it may seem. In orderRead MoreHuman Resource Management : An Organization910 Words   |  4 PagesAccording to Greer, Youngblood, and Gray (1999), it appears that in today’s business environment, one might argue that human resource management (HR) departments are being questioned to change what is described as their bureaucratic culture and to be customer –oriented, and provide outstanding service. Thus, in order to accomplish this, one might argue that it requires outsourcing in combination with an internal HR focus on a particular organization’s core competencies, particularly when it meansRead MoreHuman Resource Management : An Organization Essay3485 Words   |  14 PagesAbstract Human resource management plays an intricate role to at every company. The human resource profession has grown rapidly throughout the years creating multiple departments which specialize in specific areas. Categorized as a large corporation, Nestle Purina Petcare Company utilizes all functions of HR management. Having an organized and developed HR team allows the company to function and develop efficiently. There are seven main functions in which human resource management can be categorized

Tuesday, May 5, 2020

Cultural Competence in Nursing and Health Care

Question: Discuss about the Cultural Competence in Nursing and Health Care. Answer: Introduction Every individual belong to a distinct culture, and that culture has a profound influence on different aspects of their life. People are recognized by their cultural identity which refers to belonging to a particular social class or groups. It is the feeling of belonging to a particular group such as nationality, ethnicity, religion, social class or generation. People's accent, behavior, choice of housing, employment and relationship are all influenced by their culture. In this context of the impact of cultural identity in our life, this essay gives a reflection personal, cultural identity, values, belief and behaviours and explains how this personal attributes of an individual can have an impact on the performance of a health care practitioner. Reflection on personal family traditions, values and behaviour I belong to an orthodox Hindu family born and brought up in India. I have lived in a joint family from the beginning and due to this I have always valued the family relationship and respected my elders. My mentality has been influenced by living in a joint family and interacting with the similar mindset of people in my community. I have always accepted and respected my elder's decision in every critical point of my life. I always valued the relationship and, this is the reason that I am happily married since 12 years ago. An Indian family believes in enduring relationship and parents play a significant role in molding a child's personality. I have inherited not only the physical characteristics but also the mental features of my parent. As a joint family, I have lived with my uncle, aunt, nephew, nieces in the same household. Joint family system is a peculiar characteristic of Indian social life. In our family people participate in common worship, eating, cooking and sharing properti es. We have a socialistic community where each earns according to their capacity and contribute their family competence. Being a health professional, this mentality has also influenced my profession. I have respected and understood each patient problem and tried to provide them maximum relief from their ailment. However, this was challenging in the beginning because of interaction with the diverse culture of people. Impact of personal values on performance as health care practioner India has a diverse group of people coming from the different culture, religion and, ethnicity. The cultural beliefs also have an impact on persons overall health and wellbeing. It influences their choices in health care and the treatment that they prefer. When I first started practicing as a health care practitioner, I came with my family value of respecting elders, being humble, pure and modest. My Hindu cultural values were also intact. According to the codes of Hindu religion, I also strive to protect my innate purity by wise living, avoiding harsh language and actions and maintaining a healthy body. However, my practice as a health practitioner became problematic in the beginning because I could not understand the cultural view of people who came for treatment. Cultural competency skill is critical in health care to provide safe and standard care along with respecting patients cultural notions. It enables building a therapeutic relationship with patients and facilitates shared d ecision making in health care. I found that due to belonging to different religions, patient's compliance to treatment regimen also differed. As far as my religion is concerned, I found that due to their beliefs of karma and reincarnation, many other people and I always accepted difficult circumstances as part of their karma. I found them to comply with my instructions. In that case, it was easy to treat such patients. Due to my upbringing in a Hindu joint system family, my decisions were always influenced by elders in my family. Similarly, I found Hindu patients took decision making related to health matters after consulting elder members of the family. So I always wanted to make sure informed consent was given regarding any treatment procedure so that no chaos occurs in the later stage. However, I faced some health challenges too when I saw that they also used traditional medicines like ayurvedic medicines, home and spiritual remedies along with general medications. Though they are good, combining all types of b ringing may prove fatal in the chronic illness where immediate medical attention is required instead of spiritual remedies. Being a Hindu, I knew their beliefs regarding health care and other alternatives that they choose to provide relief from health issues. However, when I interacted and treated other patients, I felt I lacked in cultural competency skills to judge the behavior of this kind of patients. A health care practitioner who understands the views and cultural practices of different religion are better placed to provide patient-centered care without stereotyping. I needed to be aware of modesty, privacy, dietary requirement and use of medications in various cultural groups. In the case of Muslims, I found that some groups give prime importance to spiritual interventions for healing disease. They give spiritual interventions more precedence over biopsychosocial needs. From an Islamic perspective, they regard illness as part of life and perceive it as a trial from God by which their sins are removed. But there are widespread misunderstandings of Islamic belief and values. Therefore, this type of c ultural affinity towards other alternatives forms of care act as view barrier to effective health care delivery. In the case of dealing with tribal people or people from the different ethnic group, one major obstacle to health care delivery is the language. My cultural values were different from this group, and I could relate their views my views about their health care. Secondly, interaction became involved also because of different dialect and language used by this people. This experience gave me the lessons that cultural awareness and knowing cultural orientation is an important part in the delivery of safe and quality treatment to patients (Christopher et al., 2014). Implications for improvement in health care performance Cultural competency is acquired by the knowledge and interpersonal skills that allow people to interpret and work with people belonging to different cultures. My goal was also to engage in critically reflective practice and overcoming all the challenges faced while overcoming intercultural boundaries. The foremost thing in this regard was to let go of my preconceived notions and start thinking from individual patients perspective regarding illness or disease. Having the skills to work outside ones comfort zone and being able to negotiate with people having a different view about disease and healing will be necessary skills to develop to improve my performance. Cultural competence skills allow understanding of attitude and behavior of people and enable health practitioners to work effectively in cross-cultural situations (Renzaho et al., 2013). The increasing diversity of worlds population also accentuates the need for health professionals like me to deliver culturally competent nursing care. To become culturally competent, I need to first culturally aware of health beliefs and notions of individual patients. Secondly, knowing local language or dialect is also important to provide patient-centered care. Learning culturally competent care is a continuous and changing process, and this cannot be learned in one day (Truong et al., 2014). I also developed this skill after interactions with diverse groups of patients and gaining experience from those situations. Developing cultural awareness allowed me to see the complete picture regarding why people did not adhere to my medications or why they did not prefer certain treatment options (Jeffreys, 2015). It made me more conscious regarding what kind of interventions I will adopt to treat patients with preconceived notions about disease and healing process. It helped me significant ly in improving my standard of care, and it also leads to better health outcomes. I would like to give one example regarding how to meet patients cultural expectation as well as treat them for illness and health problems. This account is given relating to the perspective of Hindus and how they approach illness and diseases in life. According to the Hindu law of karma, people's life cycle goes through birth and rebirth. They see events in life as a result of their karma (Lipner, 2012).. So when I faced patient with this strong belief in karma, I encouraged family members to arrange rituals or prayers for the patients or provide them holy books to read. The purpose behind this was to make patients accept treatment regimen. They are more likely to adhere to the treatment when they are not interrupted in their cultural practices. Secondly, belief about diets is not universal for all Hindus. In such situations, my approach was always to discuss with family members regarding their belief and dietary habits. This meant in needed to ensure that their preferred food option was available in hospitals. In the Indian culture, elder persons or elder son is given the right to take important decisions in palliative care. But in western countries, the mostly patient is given the freedom to make decisions related to resuscitation, artificial hydration and nutrition and intravenous infusion. Therefore, in the Indian context, I always made sure that informed decision making in treatment was exercised by consulting important members of the family. Therefore the key competency skill gained through my experience in dealing with culturally diverse patients is gaining knowledge about different people's culture and protocols. Secondly, I also learned that critically reflecting on my culture and professional paradigms to understand the cultural limitations. I developed the proficiency to engage and work effectively in different cultural and religious context congruent to the expectation of patients and their family members (Purnell, 2012). I was serious regarding brining a positive change in my performance so that I can improve the quality of life of patients. So, the key elements that all health care professionals will require in the domain of competenct skills are valuing diversity, developing cultural self-assessment skills, being conscious of dynamic prevalent in cross-cultural interactions and making adaptations that reflect cultural understandings (Bonder Martin, 2013). Conclusion Thus, from the reflective essay on personal, cultural identity and their impact on the performance of health care practitioner, one can conclude that cultural awareness is an important part of health care delivery. The essay gave detail on personal values, beliefs and values present in an individual and this factor influences other important decisions in their life. My held my own cultural belief and understanding due to my upbringing and living in the joint Hindu family system. Through my experience and interaction with different patients in my professional practice, I identified my weakness in skills, and I came to the conclusion that I was judging people according to my own preconceived cultural notions. However, mistakes encountered during practice helped me to develop my skills and broaden my understanding of different cultural behaviour in response to treatment procedure. Developing cultural competency skills helped me to treat culturally diverse people and bring better health outcomes. Mind map Reference Purnell, L. D. (2012).Transcultural health care: A culturally competent approach. FA Davis. Bonder, B., Martin, L. (2013).Culture in clinical care: Strategies for competence. Slack. Lipner, J. (2012).Hindus: Their religious beliefs and practices. Routledge. Jeffreys, M. R. (2015).Teaching cultural competence in nursing and health care: Inquiry, action, and innovation. Springer Publishing Company. Truong, M., Paradies, Y., Priest, N. (2014). Interventions to improve cultural competency in healthcare: a systematic review of reviews.BMC health services research,14(1), 1. Renzaho, A. M. N., Romios, P., Crock, C., Snderlund, A. L. (2013). The effectiveness of cultural competence programs in ethnic minority patient-centered health carea systematic review of the literature.International Journal for Quality in Health Care,25(3), 261-269. Christopher, J. C., Wendt, D. C., Marecek, J., Goodman, D. M. (2014). Critical cultural awareness: Contributions to a globalizing psychology.American Psychologist,69(7), 645.

Tuesday, April 7, 2020

Organization and Management free essay sample

SNOP is the Systematized Nomenclature of Pathology. Published by the American College of Pathologists, it has been â€Å"useful in classifying pathological specimens† (McWay, 2008). Although SNOP was commonly used in pathology departments, it has gradually lost favor because focus was placed on standardized nomenclatures by accrediting agencies (McWay, 2008). 2. What are the four approaches taken by HIM professionals to address the complexities brought on by the introduction of PPS and DRGs? The four approaches taken by HIM professionals to address the complexities brought on by the introduction of PPS and DRGs are the use of encoders, the use of new resources in coding guidelines, the focus on ethical aspects of coding and develop a compliance program (McWay, 2008). 3. What are some differences between DRGs and MDCs? DRGs are known as Diagnosis-Related Groups and MDCs are known as Major Diagnostic Category (McWay, 2008). DRGs is a model that classifies groups of patients with medically related diagnosis, treatment, length of stay, age, and sex (McWay, 2008). We will write a custom essay sample on Organization and Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page DRGs â€Å"classify hospital stays in terms of what was wrong with the patient and what is done for the patient† (McWay, 2008). MRGs â€Å"cluster patients according to medical and surgical categories† (McWay, 2008). 4. Why are consequences of healthcare professionals not using common terminology, vocabularies, and classification systems? Vocabularies, classification systems, and clinical terminologies were â€Å"created to describe the medical care process in a standard manner† (McWay, 2008). Healthcare professionals need to clearly understand and apply these vocabularies, classification systems, and clinical terminologies in order to facilitate patient care as well as comply with requirements of the accrediting agencies (McWay, 2008). References McWay D C 2008 Todays Health Information Management: An Integrated ApproachMcWay, D. C. (2008). Todays Health Information Management: An Integrated Approach. Clifton Park, NY: Delmar Cengage Learning. rofessor and class, !. SNOP gradually lost favor when focus was placed by accrediting agencies of standardized nomenclatures that could cross fields of specialization. 2. The four approaches taken by HIM professionals to address the complexities brought on by the introduction of PPS and DRGs are: Encoders- software tools that incorporate the text and logic of coding systems into an automated form. Another approach is the use of new resources in the form of coding guidelines. Examples are ICD-9CM coding handbook, the coding clinic for ICM-9-CM, and the coding clinic for HCPCS. A third approach is to focus on the ethical aspect of coding., and an approach related to coding guidelines and ethics, is to develop a coding compliance program. 3.The differences between DRGs and MCDs are DRG is a classification system that groups patients who are medically related by diagnosis, treatment, and length of stay, using the International Classification of Diseases, ninth edition, clinical modificat ion codes. MDC is the first level of a decision tree to reach a diagnosis-related group, generally based on an organ or system. Todays Health Information Management An Integrated Approach, McWay, D.C., JD, RHIA. pgs. 126-33 4. The consequences of health care professionals for not using common terminology, vocabularies, and classification systems are Clinical vocabularies, terminologies or coding systems, are a structured list of terms which together with their definitions are design to describe unambiguously the care and treatment of patients. T cover diseases, diagnoses, findings, operations, treatments, drugs, administrative items, etc., and can be used to support recording and reporting a patients care at varying levels of detail, whether on paper or, increasingly, via electronic medical record (EMC). A large number of coding and classification systems have been developed for healthcare. Many standards have been proposed but widespread spread adoption has been slow. Current standards tend to compete. Many classifications overlap. Historically, vocabulary and classification systems have been designed to meet different and specific goals. Many codes have been designed mainly to support administration (e.g. billing) so have typically included only a limited number of diagnosis code for each encounter. Widely-used, but essentially administration-oriented system, such as ICD, have been mandated by government agencies and /or payor organizations but capture clinical data at an insufficient level of detail to support clinical needs that lie outside the limited range of activities they were designed to support. Coding systems can lose clinical information. It can be difficult to compare clinical coding systems. Interoperability is a significant problem. Content, structure, completeness, d etail, cross-mapping, taxonomy, definitions, clarity vary between existing vocabularies. -Why did SNOP fall out of favor with the healthcare field? SNOP, the Systematized Nomenclature of Pathology was published by the American College of Pathologists and was useful in classifying pathological specimens. SNOP lost favor with the healthcare field when focus was placed by accrediting agencies on standardized nomenclatures that could cross-fields of specialization (McWay, 2008). 2.-What are the four approaches taken by HIM professionals to address the complexities brought on by the introduction of PPS and DRGs? The four approaches are: Use of encoders, Coding guidelines, Ethical aspect of coding up coding and coding compliance program (McWay, 2008). 3.-What are some differences between DRGs and MDCs? Diagnosis Related Group (DRG) A patient classification system, defined by the federal Department of Health and Human Services. It provides a means of relating the type of patients a hospital treats to the costs incurred by the hospital. According to this classification system, patients who have similar diagnoses and undergo similar procedures are placed together in the same diagnosis-related group.. DRGs are used by the Medicare program to reimburse hospitals at fixed amounts for all similar patients, regardless of the length of stay or actual cost incurred. The DRG system is also widely used in many types of health data analysis. Major Diagnostic Category (MDC) A grouping based on the organ or system involved. The MDCs cluster patients according to medical and surgical categories, that are subdivided by principal diagnosis (McWay, 2008). 4.-Why are consequences of healthcare professionals not using common terminology, vocabularies, and classification systems? According to AHIMA, the healthcare industry is looking to IT to reduce costs, assess quality of care, and deliver services more efficiently. The core components of these IT tools are classification and terminology systems, the common medical languages used to encode clinical data such as a patient’s physical signs, symptoms, medication sensitivities, treatment plans, and diagnoses. Terminologies and classifications promise to provide the common medical language necessary for electronic health records and population health reporting, quality reporting, personal health records, safety, clinical trials, biosurveillance, and reimbursement. According to McWay (2008), vocabulary, clinical terminology, and classification systems were created to describe the medical care process in a standard manner. McWay, D. (2008). Todays health information management an integrated approach. Clifton Park, NY: Delmar Cengage Learning

Monday, March 9, 2020

Macroeconomic and Microeconomic Analysis of Nestle Nutrition

Macroeconomic and Microeconomic Analysis of Nestle Nutrition Introduction This paper presents a microeconomic and macroeconomic analysis of Nestle Nutrition. The microeconomic analysis will focus on the company and its market.Advertising We will write a custom coursework sample on Macroeconomic and Microeconomic Analysis of Nestle Nutrition specifically for you for only $16.05 $11/page Learn More The macroeconomic analysis, on the other hand, will focus on the macroeconomic factors that are likely to affect the success of the company. Nestle Nutrition is a multinational company that produces and sales nutritional supplements in the form of foodstuffs and drinks (Nestlà ©, 2013). Microeconomic Analysis Demand and Supply Factors The demand factors that affect the sales and profitability of the company include price, competition, income levels, and consumer tastes and preferences. Due to high competition in the market, an increase in the prices of Nestlà ©Ã¢â‚¬â„¢s products is likely to decrease their demand, thereby r educing the firm’s sales (Mankiw Taylor, 2011, p. 67). This happens happen when Nestlà © increases its prices above those of its competitors. The large number of firms in the market has caused high competition. This limits the amount of output that Nestle can sale, thereby reducing its profitability. An increase in income levels among consumers usually leads to a rise in demand for the company’s products and vice versa. Additionally, the match between the quality of the firm’s products and the consumers’ tastes and preferences usually leads to an increase in its sales. The supply factors that affect the firm’s sales and profits include the cost of production, technological advancements, and the prevailing market price. A high market price encourages the firm to increase its production, thereby increasing its profits (McEachem, 2010, p. 102). Low costs of production (cost per unit of output) increase the firm’s profits by enabling it to ear n a high profit margin. Similarly, technological advancements enable the firm to lower its production costs in order to increase its profits.Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Market Structure Nestle Nutrition operates in a competitive market that is characterized with a large number of producers or sellers and buyers (Nestlà ©, 2013). Due to high competition, the buyers and sellers are price takers. Concisely, the prices of nutritional supplements are determined by the forces of demand and supply rather than individual producers and buyers. Moreover, the firms in the market produce homogeneous products. Concisely, their products have low levels of differentiation because they have more or less the same nutritional values and benefits. Nonetheless, the buyers do not have perfect information about products and prices. Thus, the market is not perfectly competitiv e (McEachem, 2010, p. 112). Sustaining Profitability Nestle Nutrition can continue to operate in the profitable market structure by reducing its production costs. For example, it can use cost saving technologies in the production and distribution of its products. A reduction in production costs will enable the firm to increase its profit margin by selling at the prevailing market price. Moreover, maintaining low production costs will enable the firm to lower its prices below the industry price (McEachem, 2010, p. 134). Thus, the firm’s nutritional supplements will be cheaper than those of its competitors will. The resulting increase in the demand for Nestlà © products will lead to increased sales and profits. Additionally, Nestlà © can advertise its products in order to increase their demand. This is because customers are likely to purchase a particular brand if they have adequate information about its qualities and price. Elasticity of Demand Nestlà ©Ã¢â‚¬â„¢s pricing str ategy and competitiveness is likely to be affected by price elasticity of demand, cross price elasticity of demand, and income elasticity. Price elasticity of demand â€Å"measures the responsiveness of a product’s demand to a change in its price† (McEachem, 2010, p. 217). Nestlà ©Ã¢â‚¬â„¢s nutritional supplements are likely to have an elastic demand because they have a large number of close substitutes. Furthermore, the buyers of the supplements have low switching costs. Thus, they can easily shift from one brand of supplements to another in the event of a price change.Advertising We will write a custom coursework sample on Macroeconomic and Microeconomic Analysis of Nestle Nutrition specifically for you for only $16.05 $11/page Learn More Cross price elasticity of demand â€Å"measures the responsiveness of the demand of a product following a change in the price of a related product† (McEachem, 2010, p. 230). In this regard, the dema nd for Nestlà ©Ã¢â‚¬â„¢s nutritional supplements will increase if the price of their substitutes or competing brands increase and vice versa. Income elasticity refers to the change in the demand for a product that occurs when the disposable income of its consumers changes. Since nutritional supplements are normal goods, their demand will increase if their consumers’ disposable income increases. Resource Utilization The company is utilizing its resources efficiently because it focuses on economy of scale in production. Its production plants, which are located in different counties, enable it to manufacture a large amount of products, thereby reducing the cost per unit produced, as well as, the distribution costs. The company also uses lean production technologies in order to eliminate wastages (Nestlà ©, 2013). This enables it to produce the optimal level of output at low cost. Macroeconomic Analysis The macroeconomic factors that are likely to affect Nestlà ©Ã¢â‚¬â„¢s succ ess include economic growth, unemployment, inflation, business cycle, the balance of payment, and the exchange rate. A high economic growth leads to high income per capita and vice versa (Boyes Melvin, 2010, p. 289). Aggregate consumption usually increases when a country’s per capita income increases. Thus, a high economic growth will increase the demand for Nestlà ©Ã¢â‚¬â„¢s products, whereas a low economic growth will reduce it. Consequently, the firm’s profits will be high during high economic growth and low during economic downturn. Aggregate demand is usually high in countries with low unemployment rate. This is because consumption rises when a large percentage of the population is engaged in gainful employment (Abel Bernanke, 2008, p. 378). Thus, Nestlà ©Ã¢â‚¬â„¢s products will have a low demand in countries with high unemployment rate. On the contrary, the demand for its products will be high in countries with low unemployment rate.Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Inflation refers to the percentage change in the prices of goods and services over a period such as a month. Ceteris paribus, an increase in inflation erodes consumers’ purchasing power, whereas its reduction improves consumers’ ability to purchase goods and services (Abel Bernanke, 2008, p. 413). Consequently, a high inflation will increase Nestlà ©Ã¢â‚¬â„¢s production costs due to the increase in the prices of its inputs. The resulting increase in the price of its products will lower its sales and profits. On the contrary, low inflation will enable the firm to sell its products at a low price, thereby increasing its sales and profits. The balance of payment (BOP) is a record of the transactions between one country and the rest of the world in terms of imports and exports (Boyes Melvin, 2010, p. 371). A large BOP deficit is an indication that the country heavily depends on imports. In this case, Nestlà ©Ã¢â‚¬â„¢s products are likely to face a high competition from imports if the country has a large BOP deficit. An appreciation in the value of the dollar makes USA’s products to be expensive in foreign markets. This will lower the demand for Nestlà ©Ã¢â‚¬â„¢s exports in foreign markets. On the contrary, USA’s imports will be cheaper than locally produced goods. Consequently, Nestlà ©Ã¢â‚¬â„¢s nutritional supplements will lose their competitiveness. Nonetheless, the products will be more competitive than imports if the dollar weakens. The business cycle has four phases namely, decline, recession, recovery, and boom (Boyes Melvin, 2010, p. 461). Recessions are characterized by very low aggregate demand. Thus, Nestle is likely to make losses due to low demand for its products during a recession. On the contrary, an economic boom is associated with high aggregate demand (Arnold 2010, p. 213). Thus, Nestlà ©Ã¢â‚¬â„¢s sales and profits are likely to increase during economic booms. Aggregate demand usually reduces during economic de cline and increases during the recovery phase of the business cycle. In these stages of the business cycle, Nestle can remain profitable if it is able to reduce its operating costs. Conclusion Nestlà © operates in a highly competitive market that has a large number of producers and buyers. It can overcome the competition by reducing its production costs and marketing its products through advertisements. Macroeconomic variables such as inflation, exchange rate, and unemployment have both positive and negative effects on aggregate demand. Thus, the company should take into account the levels of these variables when formulating its pricing and expansion strategies. References Abel, A Bernanke, B 2008, Macroeconomics, Routledge, New York. Arnold, R 2010, Macroeconomics, McGraw-Hill, New York. Boyes, W Melvin, M 2010, Macroeconomics, Palgrave, London. Mankiw, G Taylor, M 2011, Microeconomics, McGraw-Hill, New York. McEachem, W 2010, Microeconomics, John Wiley and Sons, New York. Nest là © 2013, About Us. Web.

Friday, February 21, 2020

Peer review Essay Example | Topics and Well Written Essays - 1500 words

Peer review - Essay Example on which are; the skin-to-skin attachment between mother and child after birth is essential for bonding and what is the effect of delayed skin-to-skin contact for up to one hour? respectively. To these extents both thesis and question are addressed adequately. However, a more likely research question not brought out though slightly discussed is, â€Å"what are the long-term effects of immediate skin-to-skin contact when compared to delayed skin-to-skin contact? 2) Are the links between the concepts and examples in the research articles clearly made? If not, list here some issues that were left out or some important examples from the article that were left out. Yes, the writer has clearly made the links between the concepts and examples in the research article. A clear point of reference is when the writer mentions that, effective mother and child skin-to-skin attachment leads to proper bonding, and then correlates the same with a question that asks the contrary effect supposing there is no attachment for a period more than one hour. The writer also expresses that early skin-to-skin attachment affects emotional attachment of the baby to the mother including breastfeeding, physiological and neurobehavioral responses for up to one year. However, a great concern is expressed that too much concentration is made on the bonding rather than on the baby’s health should be checked hence the question, â€Å"How is the optimal bonding experience obtained?† the writer should have elaborated more on this topic to enhance the readers’ perception and clear understanding of this concept. This could have been achieved through the use o f an appropriate question as illustrated above. 3) Does the writer use research terminology appropriately and correctly? If so, give some examples of good uses. If not, put an asterisk (*) in the margin where the vocabulary should be more clear and specific. The writer does truly make good use of the research terminologies appropriately and

Wednesday, February 5, 2020

Strategy Formulation (IP Unit 3) Research Paper

Strategy Formulation (IP Unit 3) - Research Paper Example The process of strategy formulation just like that for decision-making follows a six steps procedure that must not be followed chronologically but must be integrated conclusively. It is therefore quiet useful to consider strategy formulation as part of strategic management that entails the diagnostic approach, Formulation and implementation. Diagnosis involves performing a situation analysis where the internal environment of the organization is analyzed while implementation is a stage in formulation where the strategies that are considered appropriate for the operations of the company are put to practice, monitoring, and evaluation (Day, 1986). Strategy formulation is a six steps module that is incorporated under three main aspects. The steps entail - first setting the organizational goals and objectives, which must be long-term in nature, the objectives, reiterates the state of being there while a strategy shows us how to reach there. After the objectives are well laid, environmenta l scanning is done which entails the review of both the external and internal environments which range from economic to industrial and in which the organization at stake operates (Day, 1986). The management then sets quantitative targets to be achieved through the set organizational objectives. This is to aid comparison with the long-term customers and realize their input and contribution to the overall missions and visions of the organization. The next step is to aim overall goals with divisional outputs where the contributions made by each department are quantified and consolidated. Then performance analysis if done where the gap between the planned and the desired performance is analyzed. A strategy is then chosen from the alternatives projected, considering the organizational goals, strengths, and actual potential visa vi the external environment, a choice is made. As pointed out earlier by Day (1986), strategy formulation is crafted under three major aspects, which involves; co rporate level strategy, competitive strategy and functional strategy. Corporate level strategy is concerned majorly of the vast decisions around the total organization’s scope and direction so that there are detected changes to be made to realize growth objective for a given firm. Competitive strategy is aimed at making decisions on how the company should compete to remain relevant in its line of business (LOB) or its strategic business units (SBU). Functional strategy on the other hand deals with how each of the available functional areas is likely to carry out its functional activities (Day, 1986). "FIRST-MOVER" THEORY OR "LATE-MOVER" THEORY Our case is the competitive business strategy where the management is faced with the situation of whether to dev elope a completely new brand of a product or simply produce the already existing brand that a competitor in the same industry is involved. This they expect to do through either the, â€Å"first mover theory† or â€Å" late mover theory† (Green & Ryans, 1990). Timing of the market by most firms is a very important aspect of their operation. This can either be early entry into the market or late entries hence the two theories. Furthermore, market entry timing decisions are the bridge between the functional strategy and the corporate business strategy, therefore, when timing and scope decisions are combined there is always a realization of a superior market (Green & Ryans, 1990). First movers into the market are normally likely to benefit from above normal

Tuesday, January 28, 2020

Does the Media Frame Social Reality?

Does the Media Frame Social Reality? Critically assess the proposition that the media ‘frames’ social reality. Introduction Roughly developing processes in modern society touch all aspects of life. In the end, it highlights the importance of the development of public consciousness of people, their communication, interaction and relationship at all levels of activities. In our time, such thing as mass media renders huge psychological influence on consciousness of the person all over the world. Unfortunately, today’s media presented by reality which is substantially mediated by someones opinion. Moreover, it is simplified and doesn’t offer any reflection or the analysis. Entman (2007: 164) suggests that in certain way this information can be dangerous, as the person accepts processed information without personal reflection. In such case, media can inspire and change a lot of things. Therefore, for us it is much easier to plunge into the flow of information, than critically try to perceive it. Today, media is a powerful factor of influence on a mental condition of people. For the last decade there was a set of researches on the matter of media in absolutely various spheres (press, television, advertising, radio, internet). After all, as Hodkinson (2011: 109) states, the distinctive features of any media in the world have always been such things as publicity and ambiguous inconsistent tool of media itself. This fact stimulates new growth of researches about possible ways and consequences of integration of media in social life of people. Media â€Å"framing† of public consciousness â€Å"Mass media became the main tool for distribution of the messages that influence public consciousness† (Hodkinson, 2011: 111). The modern person can’t evade mass media influence. In other words, impact of media on public opinion often described as mind manipulation. This phenomenon, as Hodkinson (2011: 113) insists, is very widespread in Great Britain, United States and the developed countries of Asia. For greater success, such thing as mind control should always remain imperceptible. The success of manipulation is guaranteed, when the viewer believes that all events are natural and inevitable. It is important, that people’s trust is neutral to all main social institutes. Audience should believe that the government, mass media and science are behind a framework of clashing social interests. So, at that point, institutes can settle different situations and protect interests of citizens. Entman (2007: 167) believes that the government takes the main place in the myth about neutrality. On the one hand, the myth assumes honesty and impartiality of the government and its components. On the other hand, such things as corruption, deception and fraud, which were showed from time to time, are accepted to move to human weaknesses. Institutes are higher than suspicions. Fundamental durability of all system is provided with careful thought about the work of its components. It is considered that media is also should be neutral for giving the publicity the realistic analysis of life. Any deviations are admitted, but mass media assures us that it is no more than the mistakes of cer tain people that can’t be considered as a whole reliable institute of distribution of information. One of the most important rules of mind manipulation is the success that depends on how fully you will isolate the addressee from extraneous influence. Ideal situation is the total absence of alternative sources of information and opinion. Mind control is incompatible with dialogue and public debate. Hodkinson (2011: 117) mentioned that the main role of mind manipulation is not only about the control of public opinion, but also about its integration into society. It is important to send public consciousness to the necessary point and to give installation on certain reactions to different events. The integrated opinion should be perceived as personal and it should be real, not imposed, created by the natural way that has arisen from the person’s mind according to the analysis of received information. It looks like deception. But it is not always necessary to perceive mind manipulation as a negative factor. Today, provision of integrity to state and need of reforms are the parts of any country’s policy. It follows that it is necessary to prepare society for any changes. Therefore media in this case are irreplaceable assistant and powerful control tool. The main thing is to be able to dispose it wisely. Mass media cover various actual public problems. As a result, they influence opinion and behavior of people both in society and in person. Media today is a powerful tool of impact on a social and psychological condition of people. Greatest degree of influence is the audience with the weak consciousness which has not have personal outlook. Nevertheless, the sides of influence can be both positive, and negative. Long and Wall (2013: 359) agree that it is possible to allocate direct aspects of main functions of media: information transfer, the entertainment, informative and educational tool. But there is also some deeper influence that can be imperceptible for the first time. For example, with the help of the media, the public opinion was created the condition of the mass consciousness comprising the hidden or obvious relation of various social problems. That is how reality events formed. It is important to note that right now there is accurately formulated public opinion about such global universal issues as prevention of ecological accident, nuclear and biological warfare and many more. As there is an accurate opinion in world consciousness about these problems, it is possible to say that media can observe some objective information which is not contradicting values of society, both allowing to create rather long-term and affirmed view. Internet is much extended now as well. Media system o f searching and sending information around the globe, generated by technologies, undoubtedly, got an absolute degree of freedom. This phenomenon opens huge possibilities for creativity, training and modeling. In addition, the virtual technologies created on the basis of understanding social reality, will bring doubtless advantage both for individual person, and the state system as a whole. Certainly these are the positive sides of media influence on public opinion and human activity. One of negative impacts of media is advertising, or, to be more precise, disinformation method. It is considered at the moment of making any serious decision. Sometimes media give news that considered as lie. As a matter of fact, disinformation goes from untrusted channels and stay in the mind of the person. Even though this method is useful because it is used at the moment of making any crucial decision, this method is clearly not fair, and when the person will understand the truth, the result of disinformation will be already achieved. Fortunately, disinformation method observed not so often in modern media. Unfortunately, the method of â€Å"framing† used much more obviously. The frame method includes strict and careful selection of information, causing a variety of emotions. This method allows media to monitor and influence the audience, by manipulating different associations which built on typical person’s thoughts. Stereotypes operate effectively all processes of perception of information. †Perceiving process is the manual regulation of the obscure fact under an unchangeable common law† (Entman, 2007: 170). Therefore media prune down all submitted information or put it in a framework or common idea. The person should perceive the message without any efforts, thinking that information from mass media source is the unique and only right possible way of perception of reality. Media makes the person think stereotypically. It reduces intellectual level of messages, turning itself to ideal stupidity tool. It is possible only with the â€Å"frame† method of fixing unnecessary stereotypes in the mind of people. Thus, by means of various methods, influence of media is extremely important. It is possible to make the idea, that skillful manipulation of public consciousness can cause not only direct changes in cultural development and behavior of society, but also in a certain role of each social class and person separately. Conclusion A variety of mass media (the press, the Internet, radio, television) should conduct to an individualization of social activity and consciousness of the person and to give him the chance of a choice: to watch or not watch TV, to read or not read the press, to listen or not listen to broadcasts. But, after long studying of a question of media framing, the sad conclusion has been drawn. In fact, it is only illusion, the person has no choice. The great number of people is watching the same channels on television, the programs which are confirmed by state regulations. They read the same articles in magazines and newspapers, listen to the same radio and information releases, looking for typical affairs, views, problems. Current situation generates ambiguity of media. As Hesmondhalgh (2013: 39) reported, the development of mass communication services positively affects awareness of individuals about the world, but in the same time there is a factor which is actually manipulating consciousness of masses behind all this development process. Media is standing still among the first provocateurs of individual degradation, standard views and behavior of people and developing uniformity of their reactions. Great British politician once said that the one, who owns information, owns the world. Today, it is possible to say with confidence that the one, who control media flow, is capable to influence the modern world. Reference list: Entman, R. (2007) â€Å"Framing Bias: Media in the Distribution of Power†, Journal of Communication, vol. 57, no. 1, March, pp. 163–173. Hesmondhalgh, D. (2013) The Cultural Industries, London: Sage. pp. 37-633. Hodkinson, P. (2011) Media, Culture Society, London: Sage. pp. 105-26. Long, P.and Wall, T. (2012) Media Studies, London: Sage. pp.344-69.  Bibliography: Curran, J. (1986) Bending Reality, London: Pluto. Marris, P. and Thornham, S. (1999) Media Studies: A Reader, 2nd edition, Edinburgh: Edinburgh University Press. Hall, S. (1997) Representation: Cultural Representations and Signifying Practices, Edinburgh: Edinburgh University Press. Rojek, C. (2013) Event Power, London: Sage. pp. 112-121.

Monday, January 20, 2020

What’s in a Name? :: Personal Narrative Writing

What’s in a Name? My dad has this old Bill Cosby record that he used to listen to in the age of record players (now he's got the very same in CD version). It was a comedy routine in which Cosby describes his childhood. He reminisces in particular about how he could tell when he was in trouble. His father would say something to the effect of "GODDAMIT, GET OVER HERE!", and then Cosby throws out the punch line of the story: Up until he was about ten years old, he thought his name was "GODDAMIT." I never had to be addressed as GODDAMIT to know I was in trouble. In my father's voice, it was volume that usually revealed this information. When my eardrums hurt from hearing my name, my FULL name, JANET PAULINA MORRIS, my dad didn't want any other poor children within earshot to think they were in trouble; however, he did intend for everyone within a five-mile radius to hear that I was in for it. When my mother had to call out my name in order to reprimand me, even if it was in private, she had to pretend we were in church or something. Her voice became very low pitched, almost a whisper, and then came the recitation of the three lovely words with which I had been baptized, JANET PAULINA MORRIS. Though she nearly whispered, there was nothing serene or endearing in her tone of voice when scolding me. It didn't matter what she said . . . "I love you very much" could be thrown from her mouth like a dagger when she used that tone of voice. There is a point in communication where words are of no consequence in bringing across a particular message. Sometimes, what is said is irrelevant, and how it is said singularly brings across this message. It all depends on diction. Aristotle was the first to coin the term "diction" in his analysis of the making of art and other things in Poetics. Diction, Aristotle claimed (only I think he made this claim in Greek), clarifies language and alludes to a source of interest in a speaker's tone of voice. My mother's source of interest was, um, well . . . me. She wanted to make sure that I knew exactly where she was coming from and exactly what I was supposed to do about it.

Sunday, January 12, 2020

Telehealth Technology Essay

Any nurse who has spoken to a patient over the phone has practiced telehealth nursing. Telehealth is defined as â€Å"the usage of engineering to present wellness attention. wellness information or wellness instruction at a distance† ( â€Å"What Is Telehealth? . † n. d. . parity. 1 ) . Although the usage of engineering alterations how nursing attention is delivered and may necessitate competences related to its usage to present nursing attention. the nursing procedure and range of pattern does non differ with telehealth nursing. Nurses engaged in telehealth nursing pattern continue to measure. program. intervene. and measure the results of nursing attention. but they do so utilizing engineering. In an environment of limited figure of nurses. engineering can assist run into the demand to supply nursing attention and increase the efficiency of those nurses. When a patient leaves the infirmary. the patient is responsible for his or her ain wellness attention at place. Tel ehealth services can do it more efficient to pull off on-going attention and better patient safety. Telehealth nursing is used when there is a demand to present nursing attention remotely and better efficiency and entree to healthcare. Telehealth offers healthcare suppliers with an chance to function people who are in hapless wellness. live in distant countries and do non hold equal entree to wellness attention. One of the major benefits of telehealth is that it promotes safety in health care. Patients are being discharged from the infirmary earlier than of all time before. with legion medicines and frequently missing the cognition they need to care for their status adequately. Telehealth allows these patients to return place. which saves money. but allows them to be supported by a professional until they are good or are pull offing their status with assurance. Telehealth provides a safety cyberspace for patients who may be fighting with pull offing their status at place. forestalling complications that could ensue in being hospitalized once more. There is a demand for criterions and guidelines to back up telehealth nursing pattern and to cut down liability hazard for nurses. Practice criterions and guidelines are evidence-based. and many people are involved in the development and distribution of nursing telehealth pattern criterions. Input signal from a broad array of experts is solicited in developing the criterions and guidelines. in order to guarantee equal consideration of technological. medical. nursing. legal. and ethical issues. ( Hutcherson. 2001 ) To guarantee safe and high quality telehealth nursing pattern. proficient demands for privateness and security of personal wellness informations should adhere to local and national Torahs regulating the storage and transmittal of personal wellness information. The hereafter of telehealth is assuring. but it may non work for turn toing the chronic attention load of every patient. Telehealth is a agency of heightening an organization’s ability to supply quality attention in patients’ places and detain the demand for expensive infirmary admittances or traditional nursing place attention. Besides cost nest eggs and bridging healthcare entree barriers in rural countries. telehealth provides the chance to derive important medical penetrations by analysing uninterrupted wellness informations for a patient collected through distant monitoring. combined with other informations beginnings. Telehealth services extend the accomplishments and cognition that nurses use every twenty-four hours. It is besides one of the most promising and practical solutions. available non merely to turn to an inevitable nursing crisis. but besides to convey modern twenty-four hours healthcare to more people and salvage more lives. MentionsHutcherson. MS. RN. C. M. ( 2001 ) . Legal considerations for nurses practising in a telehealth scene. Retrieved from hypertext transfer protocol: //www. nursingworld. org/MainMenuCategories/ANAMarketplace/ANAPeriodicals/OJIN/TableofContents/Volume62001/No3Sept01/LegalConsiderations. html What is telehealth? ( n. d. ) . Retrieved from hypertext transfer protocol: //www. hrsa. gov/healthit/toolbox/RuralHealthITtoolbox/Telehealth/whatistelehealth. hypertext markup language

Friday, January 3, 2020

Human Rights Violations Honor Killings - 1621 Words

Human Rights Violations: Honor Killings The issue of human rights is an issue of unparalleled significance in all countries of the world. Though this issue has not always been called by this name throughout the course of human history, it has persisted as a critical issue nonetheless for as long as there has been injustice and destructive power dynamics within a society, which unfortunately, has been the tradition for as long as humanity has existed. In the 20th and 21st centuries, the United Nations has made a more firm and declarative stance about what human rights actually are, what the implications are for violations of such rights, and how such violations should be enforced. Human rights violations persist around the world. Solutions to human rights violations require proactivity, meticulous thought, practicality and idealism. Human rights violations must be considered of the utmost unacceptable and intolerable actions and the war for human rights implementation and government s upport in all countries must persist if the human race stands a chance of survival or stands a chance of being worthy of existence. The focus of this paper is the spreading issue of what is referred to as honor killing, although it is the opinion of many people around the world that there is no honor in these killings. Honor killings are typically homicides of women and girls in conservative cultures. 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