Saturday, August 31, 2019

Interest to UC Berkeley MBA program

Interest to UC Berkeley MBA program is out of careful evaluation of MBA program in different colleges. I have had a personal experience at Berkeley campus in 2003 when I tried to find out the location of the campus. I happened to meet some MBA students who told me a lot about the program at Berkeley. It was a very joyful and the good impression of Berkeley attracted me most from the Business weekly journal I happened have a view of the programs on offer and I happened to compare the various Berkeley MBA degree programs.From Berkeley’s website, the MBA program will give me innovation skills and enhance entrepreneur spirits. This will greatly improve my professional growth and development. I need to work on my knowledge of Accounts in junior high school and improve my ability to be a qualified graduate accountant. The Taiwan MBA forum I happened to develop a powerful feeling and realized that Berkeley MBA program will be a right fit for my career advancement. One of the Berkeley old students introduced the program to me and made me realize how much I could gain from schooling at Berkeley.The field experience given to MBA students international will provide me with necessary skills for my effectiveness and efficiency in production. I also have a number of relatives schooling at Berkeley society community. These are people who are used to the environment and know the place better. In conclusion, Berkeley MBA program will enhance my career, provide one with innovative, entrepreneur skills, give me a global exposure in business skills and is located at a good environment with good weather. I therefore don’t regret applying for Berkeley MBA. Conant E (2004)

Friday, August 30, 2019

Bw/Ip International, Inc Case

Valuation of Corporate Finance BUFN 750 BW/IP International, Inc 1? BW/IP is a good candidate for the leverage buyout. * Steady cash flow (around 30 million per year). * Strong management team. * Positive NPV (about 61. 5 million) The NPV of BW/IP is 61. 5million(301-239. 5). Thus, we are quite optimistic about this BW/IP’s project. Calculating the NPV. Method: APV: VL=VU+PV (ITS). We can get the interest paid schedule from the BW/IP’s projected operating performance, which means there is a pre-determined interest paid to debt holders.Assumption: Tax rate: 38%. From 1991 to 1993, the tax rate remains to be constant, which is 38%. And we assume that the tax rate will continue to be 38%. Exhibit 1 shows the process of calculating tax rate: Growth rate:We assume the project will last for infinity, and grow in perpetuity after year 1992. And we use the average annually growth rate from 1990 to 1993 as our perpetuity growth rate, which is 2. 3%. Change in NWC:We subtract cas h from NWC provided in the case and we get the adjusted change in NWC.The calculation is presented in Exhibit 2. Discount rate:Typically, the investment horizon of a common leverage buyout range from 5 to 10 years, so we use the ten years treasury yields, ending at 1987 as the risk free rate, which is 8. 79%. For the market return, we use the S&P 500 index in 1980s, which is 12. 79%. Thus, we can easily get the risk premium. Exhibit 3 shows the process of calculating discount rate. Tax shields:Giving the interest paid schedule, we can figure out the tax shield each year from 1988 to 1993 at the tax rate of 38%.Discount rate: with a pre-determined debt and interest paid, we should use the cost of debt to get the present value of interest tax shield, because the risk of tax shield is moving together with the risk of the loan (debt), instead of the total assets. We assume the corporate borrowing rate is the same with BBB long-term bond, which is the cost of debt, 10. 63%. Thus the pres ent value of tax shield from 1988 to 1993 is 31. 91. We assume perpetual debt from the year 1994, and the same growth rate, which is 2. 3%. Exhibit 4 shows the processing of calculating tax shields.The FCF is presented in Exhibit 5. Sensitivity Analysis for BW/IP is presented in Exhibit 6 2? We favor the proposed acquisition of UCP. The primary sources of value in the transaction include: * Low capital or cash requirement UCP is a small firm, which would require additional borrowing by BW/IP of only 13 million. * Synergy and efficient gains. UCP’s product line complemented BW/IP’s extremely well because UCP’s most attractive feature was its installed base in the petroleum industry and together they would have the largest installed base in the petroleum segment. Improved management Takeover can improve management because interest and principal payments can force management to improve performance and operating efficiency. The proposed price is reasonable, because it is higher than the levered value of the project, which is 48. 17. Method: APV: VL=VU+PV (ITS). Assumption: Tax rate: Tax rate=38%, which is the same as the tax rate for BWIP. Growth rate: We use the average annually growth rate from 1991 to 1993 as ourgrowth rate,which is 6%. Discount rate: We use the ten years treasury yields, ending at 1988 as the risk free rate, which is 9. 4%. Exhibit 7 shows the calculation of Vu Exhibit 8 shows the calculation of PV(ITS) Sensitivity Analysis for UCP/IP is presented in Exhibit 6 3. How do the various features of the BW/IP buyout affect the company’sdecisions about long-horizon opportunities such as the UCP acquisition? What are the advantages and disadvantages of the 1987 buyout, viewed as afinancial program? After the buyout, BW/IP became a privately owned company which was less dependent from Borg-Warner Corporation than before in decision making.For the opportunities that the managers favored, such as the UCP acquisition, the compa ny had more chance to carry on the deal. However, for the case in which larger amount of financing is required, the company may not be competitive enough without Borg-Warner’s financial support. The buyout could generateda better and a more efficient management, by changing the corporate structure (including modifying and replacing executive and management staff, unnecessary company sectors, and excessive expenditures), BW/IP can revitalize itself and earn substantial returns.However, since the 1987 buyout is highly leveraged, the new company has a high debt-to-equity ratio, which means the company needs to achieve required return to pay the cost of debt or faced the chance of bankruptcy. Besides, the leveraged buyout is also considered to be a risky project, which may be easily affected by economics environment. The chance of success tends to be larger under steadily growing economy, while smaller in recession periods. 4. As one of BW/IP’s bankers, would you approve t he company’s request for a waiver of covenants and financing of the UCP acquisition?Yes. A banker will not approve to finance a project unless he has confidence in the profitability of the project and in that he can get his money back. The projected NPV of the UPC deal is 48. 17 million dollars, which is far bigger than the offer 18. 5 million dollars. To analyze this qualitatively, the expected success of the UCP acquisition comes from several aspects. Undeniably, the economic and industrial forecast is against financing a risky project . However, the deal will generate positive synergies since UCP’s product line complemented BW/IP’s extremely well.BW/IP will raise its competence in both original equipment and aftermarket sector domestically as well as internationally after acquiring UPC. Besides, as mentioned in the case, the good credibility of Mr. Valli and his team and that C&D’s principals were experienced and respected in the financial community wi ll affect bankers’ attitude. Exhibit 1: Tax rate | 1987| 1988| 1989| 1990| 1991| 1992| 1993| EBT| -9. 56| -0. 001| 8. 91| 12. 95| 17. 31| 19. 49| 23. 57| Income tax| 2. 8| 0| 0| 3. 61| 6. 58| 7. 41| 8. 96| Tax rate| -29%| 0%| 0%| 28%| 38%| 38%| 38%| Exhibit 2: Change in NWC AR| 58. 68| 53. 1| 51. 69| 55. 08| 59. 11| 63. 6| 67. 91| 72. 54| INV| 58. 5| 58. 39| 60. 72| 64. 66| 69. 57| 75. 46| 80. 29| 85. 53| Other current asset| 3. 91| 3. 49| 4. 42| 4. 7| 4. 99| 5. 31| 5. 64| 5. 99| AP| 15. 78| 18. 12| 19. 73| 20. 94| 22. 32| 23. 78| 25. 19| 26. 69| Other current liabilities| 14. 92| 17. 29| 15. 19| 16. 12| 17. 1| 18. 23| 19. 36| 20. 56| NWC| 90. 39| 79. 57| 81. 91| 87. 38| 94. 25| 102. 32| 109. 29| 116. 81| Change in NWC| | -10. 82| 2. 34| 5. 47| 6. 87| 8. 07| 6. 97| 7. 52| Exhibit 3: Cost of capital Cost of capital| 17. 5%| CAPM| Rf| 8. 79%| Exhibit 7 | ?a| 1| Hint| Market return| 12. 79%| S&P 500 index in 1980s| Risk premium| 4. 00%| |Exhibit 4: Interest tax shield | 1988| 19 89| 1990| 1991| 1992| 1993| Total interest paid| 0. 63| 1. 75| 1. 66| 1. 51| 1. 4| 1. 22| ITS: tax [email  protected]%| 0. 24| 0. 67| 0. 63| 0. 57| 0. 53| 0. 46| Cost of debt 10. 63%| | PV (ITS) 1988-1993| 31. 91| PV (Terminal value)| 37. 1| Total PV (ITS)| 69. 00| Exhibit 5: Free cash flow | 1986| 1987| 1988| 1989| 1990| 1991| 1992| 1993| FCF| | 39. 37| 26. 8| 24. 62| 24. 11| 24. 57| 24. 72| 25. 8| Growth rate| 2. 3%| Terminal Value| 270| VU| 232. 89| PV (ITS)| 69| VL| 301. 89| Exhibit 6: Sensitivity analysis for BW/IP * Buyout| | * NPV| * % change of NPV| * Growth rate| * 0. 00%| * 32. | * -47. 91%| | * 2. 30%| * 62. 39| * 0. 00%| | * 4. 60%| * 109. 5| * 75. 51%| * Discount rate| * 10. 79%| * 81. 5| * 32. 52%| | * 12. 79%| * 61. 5| * 0. 00%| | * 14. 79%| * 44. 5| * -27. 64%| * Cost of debt| * 9. 63%| * 64. 5| * 4. 88%| | * 10. 63%| * 61. 5| * 0. 00%| | * 11. 63%| * 59. 5| * -3. 25%| Exhibit 7:The calculation of Vu | 1988| 1989| 1990| 1991| 1992| 1993| EBIT| -1. 15| 2. 59| 3. 29| 3. 96| 4. 34| 4. 74| Income tax @| -0. 44| 0. 98| 1. 25| 1. 50| 1. 65| 1. 80| NI| -0. 71| 1. 61| 2. 04| 2. 46| 2. 69| 2. 94| FCF| | | | | | | Depreciation| 0. 48| 0. 6| 0. 99| 0. 90| 0. 84| 0. 84| Change in NWC| | | | | | | Change in AR| 1. 13| -0. 15| -0. 22| -0. 20| -0. 13| -0. 14| Change in inventory| -0. 36| 0. 68| -0. 21| -0. 18| -0. 12| -0. 13| Change in other asset| 1. 73| 0. 00| 0. 00| 0. 00| 0. 00| 0. 00| Change in current liability| 0. 27| 0. 18| -0. 01| -0. 35| -0. 04| -0. 04| Change in NWC| 2. 23| 0. 35| -0. 42| -0. 03| -0. 21| -0. 23| Capital expenditure| 0. 18| 1. 20| 0. 40| 0. 40| 0. 40| 0. 40| FCF| -2. 64| 1. 02| 3. 05| 2. 99| 3. 34| 3. 61| Growth rate| | | | -2%| 12%| 8%| Average growth rate| 6%| | | | | | Terminal value| | | | | 53. 15| | FCF| -2. 64| 1. 02| 3. 05| 2. 99| 56. 9| | VU| 40. 28| | | | | | Exhibit 8:The calculation of PV(ITS) | 1988| 1989| 1990| 1991| 1992| 1993| Interest | 0. 63| 1. 75| 1. 66| 1. 51| 1. 40| 1. 22| ITS: tax [email  protected]%| 0. 2 4| 0. 67| 0. 63| 0. 57| 0. 53| 0. 46| Terminal value| 2. 18| | | | 10. 01| | PV (ITS)| 7. 97| | | | | | Exhibit 9: Sensitivity analysis for UCP/IP UCP| | NPV| % Change of NPV| Growth rate:| 0. 00%| 14. 35| -51. 76%| | 6. 00%| 29. 75| 0. 00%| | 12. 00%| 278. 5| 836. 13%| Discount rate:| 10. 79%| 46. 5| 57. 63%| | 12. 79%| 29. 5| 0. 00%| | 14. 79%| 20. 21| -31. 49%| cost of debt:| 9. 63%| 30. 5| 3. 39%| | 10. 63%| 29. 5| 0. 00%| | 11. 63%| 27. 5| -6. 78%|

Thursday, August 29, 2019

Is Inheritance Justified Essay Example | Topics and Well Written Essays - 750 words

Is Inheritance Justified - Essay Example This discussion has been very common among scholars, especially philosophers, and economists and some of them have gone to the extent of publishing scholarly works either discrediting or in support of this longtime practice. This paper seeks to dissect this topic from a philosophical perspective- employing ethics and critical thinking- so as establish whether inheritance is a just or unjust practice. In â€Å"Is Inheritance Justified?† Haslett D. W. introduces his work by noting how income is not distributed equally in the United States (Isbister 143). This unequal distribution is, indeed, a problem experienced by all the governments of the world and is a point of concern to every global citizen including myself. So as to address this issue, the government has dished out gifts and introduced the idea of estate taxes to tame the inequality. Haslett contends that giving gifts does not solve the problem because he believes inheritance just worsens the inequality. The question, therefore, is that â€Å"is this skewness brought about by inheritance?† should the unequal distribution of income be a reason to abolish inheritance? I don’t know what other people would say, but I think that would be harsh and would hurt our economy big time. Haslett seems to be a staunch believer in capitalism as a model for economic growth even though he does not demonstrate this. He borrows heavily from the principles of capitalism to support why inheritance should be abolished. According to him, there are three fundamental principles of capitalism that inheritance is inconsistent with. The first principle is that an individual’s income should be commensurate with his productivity, and Haslett firmly believes inheritance does not encourage this. The second ideal, which is also contravened by inheritance, is that people should be given equal opportunities to produce. The third ideal is freedom, that is, people should be allowed to engage in transactions that benefit them so long as

Wednesday, August 28, 2019

Why do teens use self-injury as a coping mechanism Research Paper

Why do teens use self-injury as a coping mechanism - Research Paper Example It is a fact that as the materialism and modernism are increasing at a fast face all over the globe, the probability of self-injury is also mounting at an astounding pace in the teens. Myriad critical reasons form the bedrock of the self-abusing tendency in teens and a complex and intricate meshwork of crude realities needs to be scrutinized for identifying the major factors. These factors should explain the reason why more and more teenagers are readily seeking refuge in self-injury mechanism. People are oblivious to many distressing realities concerning this issue and this paper is basically an effort to highlight the relation between problems faced by teenagers and increased tendency of self-abusing. Facts and discussion presented in this paper are basically meant to illuminate the reality of the claim that â€Å"more and more teenagers are using self-injury as a coping mechanism because they are unable to relate their aggravated problems to their parents, peers, or teachers beca use of poor self-esteems, low morals, and continuous feelings of guilt and shame.†... It is an unequivocal fact that depression is highly capable of paralyzing one’s thinking, self-assessing, and comprehending abilities. Therefore, one finds oneself eventually trapped in a tight spot where one can neither hear any voice from the outside world that is normal nor translate the inner rushed and psychic emotions that are abnormal into something that could be understood by the people surrounding that person. An increased number of teenagers are selecting self-harm as a way of emotional projection in the hope of coping with horribly bizarre feelings of numbness, shame, regret and for punishing themselves for certain past failures. 3. Inability of parents and teachers to help teenagers increases self-harm incidence: Self-harm is a horrendous and powerful reality that affects all teenagers irrespective of social, racial, ethnic, or economic differences. It is an issue of concern around the globe that what majorly makes most of the distressed and disappointed teenagers seek refuge in self-harm in spite of the presence of parents at homes and teachers at schools. Research suggests that teenagers engage in self-destructive behavior because they find it increasingly difficult to relate their gross problems with their parents as the depression intensifies. With ever-heightening materialistic approach, most of the parents are unable to share more time with their families due to which, teenagers find it impossible to verbally communicate the nature of their problems in the short time their parents spare them. Nearly same is the scenario experienced by such depressed and anguished teenagers at the schools, where owing to increased cultural diversity and number of students, teachers are unable to relate to all the students

Tuesday, August 27, 2019

Functionalist and intentionalist explanations of mass murder cases Essay

Functionalist and intentionalist explanations of mass murder cases - Essay Example Genocide is thus the result of ideology, as opposed to structure. With the functionalism, it is the opposite – the structures – political, environmental, etc. - are what influences the individual to act, or the group to act. A person might have an ideology that Jews are the cause of the problems of the world, and they must be eradicated, and this is what drove the Holocaust, say some historians, along with Hitler's overall mental problems. Others state that the structure is what drove the Holocaust – the recession that Germany was in, which made the people desperate enough to latch onto the ideas of Hitler. The functionalist argument could also be what explained why the individuals under Hitler, and the groups as well, would do what they did in carrying out the orders. With Rwanda, the functionalist argument is almost the entire argument, as no one individual had the ideology to carry out the genocide. However, if group ideology can be considered in the intention alist argument, then this is one way that intentionalism can be used to explain what happened in Rwanda as well. This paper will explore these two theories, as well as explore how they fit into the parameters of these two tragedies. Intentionalism According to Crane (2007), the theory of intentionalism questions whether all mental states are intentional. Thoughts are intentional, in that they have an object (Armstrong, 1968). Or they might have multiple objects (Husserl, 1901). In other words, people who are thinking are thinking about something – there cannot be a thought about nothing. Since thoughts, by definition, are about something, they are said to be intentional thoughts (Chalmers, 2004). Crane (2007) asks the question of whether there are similar objects for emotions, sensations and perceptual experiences. Crane (2007) also explains what intentional objects are, and the intentional states of mind that are focused upon these objects. If one hopes for something, then t his is an intentional mode. If one thinks of the object in different ways – champagne can also be thought of as sparkling wine, for instance – then this would be considered intentional content. The thing in the mind must be represented in one way or another, according to Crane (2007). Therefore, one must have intentional mode and content (Parsons, 1980). Crane (2007) also asks if the contents of all intentional states are true or false, which means that they are propositional. Or, the contents of an intentional state might be conceptual or non-conceptual (Martin, 2002). This means that the â€Å"state of mind has conceptual content when a subject needs to possess the concepts definitive of its content in order to be in that state† (Crane, 2007, p. 8). Nickel (2007) explains intentionalism as visual experiences that have phenomenology and content. Phenomenology is â€Å"what it is like to have it,† and content â€Å"is how the experience represents the wo rld as being† (p. 1). He states that if two experiences differ in phenomenology, then they differ in content. Or, as Byrne (2001) understands it, one has a representation of a thought, and a sensation about the thought. The representation is the intentional part of the thought (Stalnaker, 1998). The intentional part of the thought may become separated from the sensation, according to some philosophers (Robinson, 1994). Nickel gives some helpful examples to compare and contrast when he speaks about the concepts. He explains phenomenology as being â€Å"

Monday, August 26, 2019

Investment in Education in United Arab Emirates Research Paper

Investment in Education in United Arab Emirates - Research Paper Example As for some more practical applications of investment in education, it would be profitable in terms of increase of professionals’ rates in UAE. The development of education multiplies professional opportunities for young people and helps them to become specialists in what they want to do. This means that when young people understand that all the spheres of studying are developed enough and could provide them with educational opportunities and career perspectives, they do not even consider other countries as their educational options. In addition, investment in education keeps labor rates in stable positions (Jorgenson &Fraumeni 1989). The phenomenon of brain drain often happens because young people do not see any educational perspectives for further staying in their own country, so they move to another country in order to get a better education in their chosen realm. Then they become professionals in what they do and get hired on some well-paid positions in foreign countries, so they decide not to come back. I believe this problem also exist in UAE because many talented young people move to other countries, which would not be happening if UAE education had a better financial support. If UAE education receives more funds and starts developing rapidly, the country will attract many young people from every part of the world who would be glad to obtain a high-quality education in UAE. This would be profitable for both the country’s international image and an increase of intellectual and professional cadres.

Sunday, August 25, 2019

Freedom and autonomy Term Paper Example | Topics and Well Written Essays - 1250 words

Freedom and autonomy - Term Paper Example The growth of freedom culminates in an individual’s full acceptance of the political rule of the state, because the ideals of mutual recognition are naturally engraved in the constitution of the sovereign state (Hegel 22). In other words, the basic interest or self-identity of every individual is attributed with ethical value in the general legitimacy and wisdom of the state. Hegel hence places the will to freedom in the historically actual agency of the supreme state. Hegel believes that the state represents the realization of social freedom. This essay analyzes the argument of Hegel that freedom is only possible within the state. The Hegelian Idea of Freedom Hegel argues that the final stage of consciousness, which he largely associates with national consciousness, is the acceptance that human beings are naturally free. According to Hegel, it is only through the nation-state—which he defines as a cultural aggregation of people—that freedom is realized. Hegel ma kes use of the concept ‘rational’ to refer to aspects that advance freedom; in history, the advancement of freedom expresses itself through the nation-state. The importance of a state does not depend on its distinctiveness or individuality that should then be safeguarded at all costs. A nation-state is an institution within which individuals can better attain freedom. Nation-states and their different features are exercised by world spirit to realize an increasingly actual achievement of freedom (Hegel 101-102). This advancement of freedom, Hegel argues, occurs in phases because different states embody different phases of the realization of freedom. A particular state can merely represent one phase of world history. Once the role of a state in world history has ended, it ceases to be a part of world history. And it also ceases to guarantee individual freedom. According to Hegel, only nation-states can play a role in world history. He argues that world history only conce rns nation-states because nation-states are the only means toward freedom. World history is the story of humankind’s movement toward freedom. Hegel believes that the objective of world history is for every individual to attain real freedom. Freedom can only be realized through the state, specifically, in a society where the wellbeing of individuals is embraced but individuals also create their own goals on behalf of the greater good (Hegel 22). Therefore a world-historical nation is an assemblage of culturally connected individuals, enclosed in a state, which further promotes the realization of freedom. According to Hegel, nations that have not played a role in world history have no history in this regard. He then tried to determine whether nations have played a role in the achievement of freedom. Hegel shows how the individual remains autonomous in a state. He uses the concept of recognition as a central ideal for evaluating the legitimacy of the state and other social insti tutions. Individuals should feel and see that their interests are respected and integrated in their institutions, which consequently strengthens their enthusiasm to relate to and give up certain privileges for the benefit of these institutions (Hegel 44-45). Hegel identifies in the notion of recognition an essence of ordering a system of social institutions, progressing from situations of unfreedom through a string of negotiations that promote the utmost

Saturday, August 24, 2019

Ismg 2 Essay Example | Topics and Well Written Essays - 500 words

Ismg 2 - Essay Example In IT departments, today’s CIOs are at cross-roads (Austin, Nolan and O’Donnell 15). Globalization and digitalization, on the other hand, make technology more significant than ever. Hence, IT skills have become the competitive factor that every organization needs to penetrate in to the global market, as well as the human society. Latest technology, for instance social and cloud computing, also have unleashed the probability of decentralizing an enterprise (Austin, Nolan and O’Donnell 16). This has put IT along with its CIOs in a significant situation where they must to generate enhanced tactics so as to move with the global trends. CIOs who succumb to these challenges either quit their job or are eventually laid off. Barton could uncover his new staff by recognizing the talent of every member of his staff (Austin, Nolan and O’Donnell 26). Changing a business plan, as perceived, is easier than discovering talents. However, discovering and developing the talents of Barton’s staff members is the best option of attaining organizational goals. Barton could uncover his new staff by seeking for real diversity of talent among the workers (Austin, Nolan and O’Donnell 26). Staff member should be assigned quite diverse jobs in order for Barton to realize their competence. In a majority of cases, a good number of workers will do better than perceived in their new role (Austin, Nolan and O’Donnell 27). Also, Barton should seek to reward his staff whenever they do something appealing, and motivate them when things do not go as planned. Through this, every member of Barton’s staff will always perform to the fullest in line with his or her specialization. David says that Barton will last no more than any year since this has been the trend with a majority of CIOs in the IT field. Even though, David’s basis might be true, it shows how arrogant David is. CIOs face

Discussion Board Questions Essay Example | Topics and Well Written Essays - 500 words - 2

Discussion Board Questions - Essay Example In the same way, there may be limited opportunities for college students and new graduates based on their less experience. For a college student on job hunting, it is vital to consider opportunity as compared to salary. This is based on the fact that even the low paying jobs require reasonable skills that a college student may not posses. Unions improve the productivity of employees in various ways. First, by allowing employees to join labor unions it makes them to feel secured in their employment. As a result of security, they feel motivated thus making them more productive. It is worth to note that workers are not only motivated by high salaries but also efforts by the management to address their problems. It is through unions that employee’s grievances can be sent to the employers. Another way through which union enhances employee’s productivity is by training them on their rights and responsibilities. Through such training, employees are aware of how to effectively perform their duties as well as solving of internal conflicts thus giving them opportunities for promotions and more benefits. Unions help in negotiation process and solving the problems between the employers and the employees without use of violence and destruction. Cofer and Appley 26 argue that this allows employees to be part and parc el of the negotiation process leading to improved employees self esteem and enhanced workers performance. Management has a responsible for allowing its workers to join a pay negotiation with the unions. It is worth to note that organisations fail due to lack of effective collective bargaining. In this regard, management must allow ample opportunities to unions to give their views on the salaries. This implies that it is the responsibility of the management to provide information regarding the amount of salaries and benefits offered to the

Friday, August 23, 2019

HRD 495 Essay Example | Topics and Well Written Essays - 750 words - 1

HRD 495 - Essay Example Fourth is being a capacity builder in order to do culture and capability audits of the organization. Fifth is being a strategic positioner which involves constructing HR reactions that are in line with the external requirements (Jackson, Schuler & Werner, 2012). With the changes in the nature of business, there has been a refocusing and expanding in HR roles. In order to meet the expectations of organizations, senior HR leaders have to react by recognizing and acquiring the competencies necessary for their dynamic functions. The major additional competencies required by senior HR leaders are leading change, strategic thinking and effective communication. Strategic human resource management is formulated to aid companies in meeting the various needs of their employees while also promoting company goals. SHRM is a component that is valuable in ensuring organizational success as it helps in attaining a competitive edge as pertains to flexibility, cost and quality. It is therefore necessary for SHRM to include the individuals that the organization is involved in business with. It is through them that sustainability can be attained by creating values that could not be implemented by indirect and direct competitors. Organizational success could also be attained by continuous investment by an organization in its image or reputation, emphasizing on the need for sound HR practices and policies and adjusting them with the business strategies through SHRM. Therefore, SHRM is not merely a strategy that is centered on the organization’s human aspect but is a holistic approach which builds on the human asset as value-creating factors (Ivan cevich, 2010). It is an employer’s aim to hire the best person for a particular job irrespective of their age. There have been a lot of misconceptions regarding hiring older workers pertaining to productivity, health, up-skilling, and blocking

Thursday, August 22, 2019

Transformational Leadership Paper Essay Example for Free

Transformational Leadership Paper Essay Abstract The purpose of this paper is to identify the the role a transformational leader can play in order to minimize the volatility that a change or transformation brings about in an organization. The paper discusses the two most common leadership styles, transactional and transformational leadership, and their differences. The qualities and traits of a transformational leader have been discussed. Most importantly this paper tries to associate the qualities of emotional intelligence to a transformational leadership style, and how the two feed into one another. Introduction Today the world has become a global village and markets have expanded to the extent that now firms are competing on a global level. This on one has provided firms with a massive opportunity and on the other hand it also demands more hard-work and effort from the workers. The challenge therefore is how to tackle the ever-changing work-environment. When one speaks of the dynamic work environment one has to realize the importance of Good Leadership in such a scenario. So, the leaders of todays companies have a lot to care about and a lot of responsibilities to take care of. Therefore, it is totally up to the leadership to make most of the human skills at hand and motivate them in order to make sure that they adapt quickly and easily to the work environment and thus maximize efficiency. Leaders broadly may be categorized into two groups, transactional leaders and transformational leaders. Transactional leaders are the kind of leaders whoguide or motivate their followers in the direction of established goals by clarifying role and task requirements (Robbins and Judge, 2005). The other type of leaders inspire followers to transcend their own self interest for the good of the organization. They are able to have a profound and extra-ordinary effect on their followers, these are transformational leaders (Robbins and Judge, 2005). Transformational leaders are are charismatic in nature and have the ability to provide individualized consideration and intellectual simulation (Robbins and Judge, 2005). Transformational leaders pay attention to the concerns and development needs of individualized followers; they change followers’ awareness of issues by helping them to look at old problems in new ways, and are therefore able to excite, arouse and inspire followers to put in extra effort to achieve group goals (Robbins and Judge, 2005). Analysis Leadership at the top is never easy for even the most experienced people. For someone taking on the job of CEO for the first time, mastering the new skills and sorting out the uncertainties that go with the position can be an overwhelming challenge. The fact is that for most of the CEOs especially the freshly appointed ones it is exceedingly difficult to familiarize themselves with the responsibilities and the risks that are associated with the job, and usually it requires some time and experience before they can deliver. The Centre for Creative Leadership has estimated that 40% of new CEOs fail in their first 18 months (Dan Ciampa 2005). What’s more, the churn rate is on the rise: In a 2002 study, the centre found that the number of CEOs leaving their jobs had increased 10% since 2001 (Dan Ciampa 2005). As a recent report from the outplacement firm Challenger, Gray Christmas points out, â€Å"The biggest challenge looming over corporate America [is] finding replacement CEOs.†(Dan Ciampa 2005) Take Coca Cola for an example, when the company lost its CEO Robert Goizueta in 1997, the two subsequent CEOs suffered in his shadow, as people expected them to perform the same way Goizueta did, however, leading as suggested earlier is the toughest job amongst all. Goizueta had guided Coke through its glorious years of the 1980s and the most of 1990s, leading it to perennially unrealistic expectations by shareholders. This is why change management is regarded as a tough job, because changes can occur in the external macro-environment and at the same time in the internal environment, as incase of Coke, whose CEO Robert Goizeuta died of cancer. And since then Coke has never been able to make up for the loss, and Pepsi has gained a significant market share since then. Jack Welch is probably the first name that comes to mind when we speak of transformational leaders. Richard Branson of the Virgin group is another very famous transformational leader (Robbins and Judge, 2005). When we speak of transactional and transformational leaders, they shouldn’t be considered or viewed as opposing approaches to getting things done. Transformational leadership is built on top of transactional leadership, as it produces levels of follower effort and performance that go beyond what would   with a transactional approach alone (Kotter, 1995). A transcational leader believes in exchange of rewards for effort as a major source of intrinsic and extrinsic motivation. He rewards good performance, and recognizes accomplishments. He tries to identify deviations from rules and standards, and subsequently reverts to corrective measures, and intervenes only if he believes that the standards have not been met. Transactional leaders usually abdicate responsibilties to others empowering them but also avoiding to go throw the challenging phase of decision-making. Trasformational leaders, on the other hand, are charismatic by nature, i.e. they provide vision and sense of mission, instills pride, gains respect and trust of his followers (Kotter, 1995). But, transformational leadership is more than just charisma. Because all charismatic leaders would want is to make sure their followers share the same viewpoint on things as they do, whereas transformational leaders will try to instill in followers the ability to question views, views established by the leaders themselves. Transformational leaders act as a source of inspiration to their followers, communicating high expectations, using symbols to focus efforts, expressing important purposes in simple ways. Transformational leaders also promote intelligence, rationality and careful problem solving skills (Robbins and Judge, 2005). But the most obvious and impotant trait of a transformational leader is that they offer individualized considerations to their followers, giving them personal attention, treating them all individually, coaching and advising them on a one to one basis. The evidence supporting the superiority of transformational leadership over the transactional variety is overwhelmingly impressive. For instance, a number of studies were conducted with American, German and Canadian military officers, belonging to different ranks, and the eventual verdict was that transformational leaders were evaluated as more effective than their transactional counterparts. Similarly, managers at Federal Express who were rated by their followers as exhibiting more transformational leadership were evaluated by their immediate supervisors as higher performers and more promotable. Much has been written about leadership and the qualities that fuel leadership such as intelligence, passion, toughness, determination, ethics, credibility, integrity, vision, etc. Often left off are the lists softer and more personal qualities, but recent studies have proven that they are equally important. Researchers have proposed a new term called Emotional Intelligence, and it may well help differentiate the outstanding leaders from the merely adequate ones. Emotional intelligence is one of the major aspects of transformational leadership. This may be because, effective transformational leaders rely on the expression of feelings to help convey a message; therefore, they possess a higher level of emotional intelligence. Emotional intelligence helps leaders manage the mood of their organizations which is an integral part of the transformation process (Satterlee, 2007). Emotional intelligence is what makes transformational leaders self-aware and empathetic to a greater extent. They can read and regulate their own emotions while intuitively grasping how others feel and gauging their organization’s emotional state. According to Daniel Goleman, who conducted a lot of research on Emotional Intelligence, there are five main components to emotional intelligence. Self-awareness is the trait where emotional intelligence actually begins (Goleman, 1998). Transformational leaders with a greater degree of self-awareness are never hesitant to talk about and discuss their weaknesses and it is this attitude that later brings upon a positive change in them as they are able to improve upon such weaknesses with time. This helps a leader in bringing about a transformation as he is someone who knows his limitations and he knows when and where he can actually stand-up and deliver for the rest of the workforce and be a motivator for them, i.e. when can he lead by example. Thus he knows which tasks and changes can actually be brought about in an organization and which ones cannot. The second trait is self-regulation, and that leaders with this trait can control their emotions and impulses better and channel them for good purposes (Goleman, 1998). This brings about an openness to change and transformation in their attitude and behavior, and increases their trustworthiness and integrity, and also helps them remain comfortable in ambiguous situations and scenario. And this is what subordinates try to see in their leaders, especially in times of change and transformation. Motivation is perhaps the most important trait and the most obvious one that a leader is judged upon. It’s the motivational abilities of a leader that gives the sub-ordinates the notion that the leader has a strong drive to achieve. It portrays the optimism of the leader towards the followers, such that they know their leader would still be optimistic when facing failure, so it has to do more with the mind than anything else. It is the positivity of the mind, it emanates from the mind of the leader and leads its way to the minds of the followers (Michael Roberto and David Garvin 2005). Empathy is the ability to understand the emotional makeup of other people. Empathy is the trait that enables a leader to be an expert in building and maintaining talent, something that is critical to the process of transformation. It enables him to treat people according to their emotional reactions. This is why he can be successful in getting the most out of the talented people that work under him, making him a better man manager. He is able to manage and lead people from various different backgrounds and cultures, belonging to various social and economic classes, i.e. it increases the cross-cultural sensitivity of the leader himself. With the businesses and economies globalizing, leaders have to lead and manage people belonging to different cultures which is the major reason why change management in such a scenario is very difficult, however, if only a leader can empathize with his followers, it makes the job half as difficult as before. The last trait that comes under emotional intelligence is the social skills of the leader. Transformational leaders need to be proficient in managing relationships and constructing networks that lead to effectiveness in change management ans transformation. Such a leader is able to find common ground between individuals and situations and scenarios and is able to build rapport. It also improves his persuasiveness and the ability to build and lead teams. A transformational leader combines emotional intelligence with the courage to raise the tough questions, challenge people’s assumptions about strategy and operations and risk losing their goodwill, i.e. he does not care about pleasing individuals but rather believes in the greater good of the company. A leader gets into trouble when there’s dissonance between the inside and outside what today we’d call a â€Å"disconnect.† (Mayer 2004) If a single theme runs through this issue, it’s the importance of keeping the two aligned. Every leader ought to want a more supple emotional intelligence, and â€Å"Leading by Feel† is a great place to begin (Mayer 2004). Another important tool in ensuring effective transformation is collaboration and good communication, which is essential and plays a vital role in process. All processes, practices and functionalities give more values to customer, goals and performance for achievement of goals. There should be internal solutions. Horizontal, Vertical and multi directional interaction must be carried out before change in organization. For a transformational leader, it is important to study the present culture of the organization and to know where one is. It is also necessary for a him to identify employees who want change and those who are not happy with the process of transformation. Take examples from existing model that has effectively implemented change and also communicate with them regarding their experience with transformation. The process has to be subtle and gradual, and a transformational approach would not demand immediate and complete change in the existing culture. Transformational approach to leadership also encourages one to seek advice from people about ways to implement change and methods to solve the problems while transformation. A clear vision definitely accelerates the transformation process. References Ciampa, Dan (2005). Almost Ready: How Leaders Move Up. Harvard Business Review. Goleman, Daniel (1998).What makes a Leader?. Harvard Business Review. Mayer, John (2004). Leading by Feel. Harvard Business Review. Kotter, John P. (1995). Leading Change: Why Transformation Efforts Fail. Harvard Business Review Leadership As A Boss In The Workplace. Retrieved July 29, 2008, from Manager Newz Web site: http://www.managernewz.com/managernewz-21-20070125LeadershipasaBossintheWorkplace.html Roberto, Michael and Garvin, David (2005). Change through Persuasion. Harvard Business Review. Robbins, Stephen P.   and Judge, Timothy A. (2005). Organizational Behavior, Twelfth edition: Pearsons Publishers Satterlee, Anita (2007). Essential of Management: Core principles, concepts, and strategies. Synergistics Inc.

Wednesday, August 21, 2019

Philosophical Concept Of Friendship

Philosophical Concept Of Friendship I would like to discuss in this paper the concept of friendship and its significance in our life. The concept of friendship has old roots and Aristotle defined it many centuries ago. I think we should think about this notion through the historical perspective and also connect it with our todays reality. I would like to present in this several definitions of friendship and they will reflect different eras of humankind existence. According to modern definition of a friend we can say that it is defined as one joined to another in intimacy and mutual benevolence independently of sexual or family love. (Yager, 2002) But according to Aristotle this term is much deeper and is used in broader frames. According to Hardie Aristotle regards less intimate bonds as friendships as well as the intimate relationship in the modern definition. Relationships between husband and wife, father and son, neighbors, business partners, team members, members of a political party, teacher and student, etc. would all be viewed as friendships in Aristotles eyes. (Hardie, 1968) Using previous definitions as example and basing on the we could determine that first of all, the word friendship has not one, but several different meanings. And it is normal not only in our time, because it was normal also many years ago. If to be exact in our calculations, something about two thousand years ago it was found by Aristotle, who actually tried to define the different types of friendship and to select among them true friendship. He distinguishes mainly friendship based on the interest and friendship of the noble, which alone deserves the right to be present. Therefore, even in ancient Greece, the relations linking the two businesspersons were seen not as a friendship, but as interest in the success of the common cause. If to be strict in our judgments and taking into account Aristotles thoughts we should mention that, the friendship between politicians will be also often seen as a way to succeed in politics. (Kraut, 1989) Thus, if we briefly list the most common meanin g of that word, we see that in most cases the word friendship has little in common with our notion of a real friend. We know that there are three main features of friendship and among them are recognition of being in this relationship; mutuality of the relationship; wanting the best for another person. But there are several types of friendship that should not be mixed with each other. Each type show one side of peoples relationships and sometimes it is easily to confuse it with friendship. Friendship is valued it in different religions in its own way and we should look at them attentively. For example we see that this notion really variously interprets in Judaism, Christianity, or Islam, but its has the same essence in general understanding. For example, in Christianity, friendship is secondary to the universal love of agape; in Judaism, friendship is secondary to the love of family, but in Islamic teaching friendship is a force that promotes the identification that does not value things, and horizons of its existence in the world. I mean that friendship is a high level of personal morality and to be a friend is honorable status in Islam. According to Islamic teaching people should know that people around them are divided into three categories: for strangers, the familiar and friends. I would like to present the next information in the form of advice taking from Islam, because this from of presentation will allow to plunge into the question of friendship with more details. First of all, at a meeting with strangers do not interfere in their conversation; do not listen to empty talk, especially if there used bad words. Try a smaller meet with them, and when they meet you try to advice them in a friendly manner to pay their attention to their bad deeds. According to people familiar to you beware as you can. Do not look at them with arrogance, because among them may be those who are best for you. Do not look at them with servility because of their wealth, because it would adversely affect you most. Do not use your faith for the sake of getting from them any benefit. In this case, they will not respect you. If they are hostile to you, then do not answer them the same way. Do not deceive yourself, if you exalt. Do not be surprised if people are on the side to talk to you about something bad. If you ask these people to help and they will help you, then do not forget to thank them for that and thank Allah the Almighty. In the event that your request does not c omply, do not be offended. Accept excuses and do not be a deceiver himself. You should keep track of the faults of others. If you find some familiars generosity, respect and love, thank God, Who created them that love you. According to Lewis, if you meet some damage on their part, try to stop them, because most people who are sowing injury, will try to settle with you even for small condemnation of their actions. (Lewis, 1974) Many of them are well-disposed mind, and soul like wolves. Do not rely on the friendship of those who have not experienced, as it should. Moreover, let your opinion of people will be good. As for your friends, then they should have five qualities: intelligence, high morals, piety, honesty, indifference to the pleasures of this life. No friends with those who have low morals. These cannot restrain himself nor anger, nor in their pleasures. Thinking about my own life experience, I would like to explain what I understand under the world friendship, taking into account my own life and all situations that occurred with me. Intuitively, the word friendship gives me an idea of profound, honest, pursuing a trust and candour. Empirical studies also show that the vast majority of people understand a friendship exactly in this way. In my opinion based on my research of the notion friendship, I could say that a friend is a person who is a pleasure to do good to another, and who believes that the other feels for him the same feelings. I believe that Friendship is necessary to everyone, even to those who denied it. In my opinion little child, and old man, rich and busy person all of them need friends, and amount of such people is possibly to enumerate for a long time. Friendship based on common interests, mutual support, understanding and, most importantly, on trust. When people have no necessity to talk about something, they just do not make sense to communicate. A friend is a very important person in our lives. Sometimes I feel that it is necessary for hours someone to talk to, share problems and secrets, disbosom to the best friend. It is rather hard to be alone and have no friends in such moments, because most cherished to share only with a really close and trusted man. Just Friends or familiar as the called in Islamic teaching is impossible to tell very intimate things and ask for advice. In my mysteries and depth of my thoughts, I dedicate only one person my best friend, person whom I trust and whom I love. This person differs from others that we have many difficult situations together and exactly is person was near me and help when it was necessary not only with kind word but also with deed. Thus, based on observed information we could come to the conclusion that a friend, we cannot win in the lottery or just found on the street. Friendship is a very complicated relationship. They do not appear immediately, out of nothing. Any relationship, including friendship, we need to build, and build for a long time. Spread each brick, each stair. This is a hard work to build friendship, find it and then save, not lose. I think that art of friendship is not given to everybody. This is a very fine science. Conceited, vain, and mercantile people cannot be true friends. They love only themselves and in friendship are trying to pull the maximum benefit for themselves. I wan to add in the end of my paper that friendship is very important to me and I have two best friends, I appreciate and respect these two people. They are the most precious thing in my life and I do not want to lose them in any case.

Tuesday, August 20, 2019

Modern Hot Metal Desulfurization

Modern Hot Metal Desulfurization Modern Hot Metal Desulfurization And Dephosphorization Technologies Introduction The purpose of phosphorus and sulfur removal is to decrease the concentration of these particles along with the undesired inclusions (oxides, borides, nitrides, carbides, and chlorides) to accomplish the final product quality requirements [5]. Dephosphorization involves low temperature, high slag basicity (CaO/ SiO2 ratio) and high oxygen activity whereas desulphurization entails high temperature, high slag basicity (CaO/ SiO2 ratio) and low oxygen activity. Initially, dephosphorization was performed by the addition of iron ores in the blast furnace runner. Soda ash (Na2CO3) was used in the blast furnace house during desulphurization. Subsequently, dephosphorization was improved by the subsurface injection of reagents in vessels, such as torpedo or submarine cars. Desulfurization was enhanced by co-injection of lime and magnesium into the hot metal transfer ladles [6]. The following dephosphorization and desulphurization technologies are reviewed: 1. Dephosphorization by the multirefining converter (MURC) process 2. Dephosphorization using CaO aggregates 3. Desulfurization by Magnesium 4. Desulfurization by flux injection using a new kinetic model 5. Desulfurization by the CFD modeling 1. Dephosphorization By The Murc Process The multirefining converter (MURC) process claims to improve the efficiency of the dephosphorization procedure by reducing the cost and minimizing the slag volume. It is a new hot metal pretreatment in which dephosphorization and decarburization processes are developed in the same converter for further reduction of the decarburization slag. The MURC process reduces the amount of slag by 50 % in comparison to the conventional pretreatment processes (30 %). The decarburization slag is continuously recycled (Figure 1). A low basicity dephosphorization slag is discharged from the MURC due to the high amount of total iron in the slag (T Fe) and no desiliconization treatment of the hot metal. This results into a valuable utilization of the dephosphorization slag in the steelmaking process. 2. Dephosphorization Using Cao Aggregates The multiphase dephosphorization slag is analyzed through the addition of calcium ferrite flux powder into hot metal. It is observed that high [Si] content (0.15 %) shows a similar CaO efficiency for dephosphorization than low [Si] content (0.00 %). The low [Si] content exhibits calcium phosphate (3CaO.P2O5) whereas high [Si] content shows a combination of calcium silicate (2CaO.SiO2), and calcium phosphate. The formation of these solid phases explains a similar CaO efficiency under different [Si] content. 3. Desulfurization By Magnesium Desulfurization is enhanced by the stirring effect of Mg bubbles in the hot metal. The reaction speeds up by the addition of lime and CaC2. These desulfurization reagents were tested in ArcelorMital Indiana Harbor. The typical inclusions before reagent injection were TiC and MnS. TiO2 is added to protect the graphite lining in the blast furnace. MgS + TiC and MgS were the most frequent inclusions after the reagent injection. MnS inclusions were not observed after this stage. This means, most of these inclusions floated up at the end of desulphurization. Further improvement of desulfurization can be achieved by Al addition. The latter reacts with lime to form lower melting point calcium aluminates. 4. Desulfurization By Flux Injection Using A New Kinetic Model Desulfurization is performed by introducing powder reagents (CaO, calcium carbonate, calcium diamide carbonate) into the hot metal using either core wired or a carrier gas (nitrogen). This creates a complex variety of interfaces in torpedo ladles (Figure 2) [7]. There are two reaction modes that are present in the heterogeneous/ immiscible phases. The first mode is related to the transitory reaction between the liquid steel and powder particles. The second mode is the permanent reaction between the slag on the surface and the molten steel. Desulfurization in torpedo ladles. The interfaces are: (1) Jet zone; (2) bubbles and particles rise in the plume zone; (3) bubbles emerge in the breakthrough zone; (4) slag zone; (5) gas-slag-metal emulsion forms in the dispersion zone; (6) metal reacts with lining in the lining zone; (7) lowest stirring intensity in the intermediate zone Several parameters influence the desulfurization of hot metal and are predicted by a new model of submerged powder injection. The total amount of the flux is considered to be liquid at steelmaking temperature and the injection rate along with the time lapse can be determined. The total sulfur removal rate for both the permanent contact (top slag) and transitory (injection powder) mode is obtained by the following equation, The right hand side of the reaction is related to the transitory reaction. This equation is only useful during the powder injection. After that, the right hand side becomes worthless. Sulfide solubility in slag is restricted. Once the sulfide solubility limit is reached, a pure sulfide phase grows within the slag to absorb the excess of sulfur. Sulfide saturation may occur before the slag and metal reach equilibrium. The speed of the reaction is reduced until the sulfur content is dropped. Excess of sulfur in permanent reactions produces a reversion reaction and further desulphurization cannot occur. The transitory reaction removes the excess of sulfur by the continuously addition of fresh powder into the torpedo ladle. It is also recommended to deslag after powder injection. Figure 3 is divided into [% S] wt % and reaction rate. The experimental results are obtained from the 20 CaO-60CaF2-20Al2O3 (by weight) powder injection under an argon atmosphere into 3.4-3.8 kg cast iron at 1310 Â °C. Once the slag (permanent-contact reaction) experiences an excess of sulfur at 420 s, the sulfur concentration decreases continuously until 950 s. The contributions of the permanent and transitory reactions are also displayed. The permanent reaction increases with time until it is saturated. The transitory reaction never approaches to saturation conditions. The difference between these two reactions is not significant large. Therefore, the contribution of these both reactions is generally equal. 5. Desulfurization By CFD Modeling Synthetic slag is used on the desulfurization process due to its reuse in several treatments. The sulfur is transferred to the synthetic slag followed by slag regeneration. Slag regeneration is performed by the oxygen injection to produce gaseous sulfur dioxide (Equation 3). The sulfur distribution also differs from the slag and the metal once desulfurization begins (Figure 4). A porous plug at the bottom of the vessel is used to inject nitrogen in the hot metal. The fluid velocity is increased to optimize the desulfurization rate to improve sulfur transport. Therefore, CFD analyzes the desulfurization and slag regeneration processes to optimize the plug position and calculate the drift velocity of gas bubbles, desulfurization rate, among other parameters, for future design of desulphurization processes. Conclusions Multirefining converter (MURC) (1) Dephosphorization and decarburization are carried out in the same converter, reducing the slag volume for better industrial, economical and environmental purposes (2) The dephosphorization efficiency is increased by greater amounts of CaO to produce solid phases, such as 3CaOP2O5 and 2CaSiO2 Desulfurization by Mg (1) TiC particles are nucleation sites for MnS and MgS (2) MgS inclusions are the most frequent particles after the reagent injection Desulfurization by flux injection using a new kinetic model (1) A new model is developed to evaluate and identify separately the transitory and permanent reactions (2) This model helps to predict the excess of sulfur to avoid reversion of it in the hot metal (3) The contributions of the transitory and permanent contact reactions are observed to be in a similar proportion, concluding equal influence in the powder injection technique CFD Modelling (1) The desulfurization and slag regeneration are successfully modeled using thermal and transport mechanisms References [1] S.Y. Kitamura, K. Yonezawa, Y. Ogawa, N. Sasaki (2002). Improvement of reaction efficiency in hot metal dephosphorization, 29 (2), 121-124 [2] Q. Liu, H. Pielet, P. Kaushik B. Chukwulebe (2009). AISTech 2009 Proceedings. An investigation of hot metal desulfurization by Mg, 1, 821-827 [3] S. Ohguchi and D.G.C. Robertson (1984). Kinetic model for refining by submerged powder injection: Part 1 Transitory and permanent contact reactions, 11(5), 261-274 [4] S. Pirker, P. Gittler, H. Pirker J. Lehner (2002). Elsevier. CFD, a design tool for a new hot metal desulfurization technology, 26, 337-350 [5] X. LV and L. Zhang (2008). Removal of impurity elements from molten aluminum: part 1. A review. 1, 1-35 [6] R.J. Fruehan (Ed.) (1998). The making, shaping and treating of steel (11th ed.). Pittsburgh: The AISE Steel Foundation [7] M. Sadmi S. Ashhab (2007). Jordan Journal of Mechanical and Industrial Engineering. Application of neural net modeling and inverse control to the desulfurization of hot metal process, 1 (2), 79-84

Monday, August 19, 2019

Systemic Lupus Essay -- Health, Diseases

Systemic lupus erythematosus (SLE) is a fairly common disease identified as episodes of inflammation and damage to joints, tendons, and various organs. The most effected organs are the heart, lungs, brain, kidneys, blood vessels, and skin. Lupus affects each individual differently and the effects could be mild to severe depending on the individual. SLE is an autoimmune disease where the body’s immune system attacks the healthy cells and tissues in the body (Ohio State, 2009). The main cause of lupus is unknown, but there are believed to be many factors that could contribute to lupus. Lupus is believed to be genetic for many individuals (Ohio State, 2009). If a mother has SLE, her daughter has a 1:40 chance of developing lupus, whereas, her son has a 1:250 chance (Leber, 2009). Environmental issues could be present where the cause in the environment is unknown. SLE can also be caused by some medications. The disease may be present while taking the medication, but disappear when the individual stops taking the medication. The majority of people who have lupus are women between late teens to forty-five. Females are affected three to ten times more likely than males (Ohio State, 2009). African American women are more likely to develop lupus than Caucasian women (Leber, 2009). Human leukocyte antigens are a group of genes on chromosome six. The human leukocyte antigens (HLA) associated with lupus is called DR2 and DR3. A person who has these antigens is very likely to develop lupus, but individuals with different antigens may also develop SLE (Ohio State, 2009). There are many symptoms of SLE and will vary from individual to individual with the disease. Some common symptoms are inflammation of the joints, Raynaud’s phenomenon1, m... ...ttempt to treat physical symptoms of SLE as well as the psychological symptoms. HRQoL, disease activity, and disease damage are three different components of lupus and should be measured separately for the most accurate results. Measuring the patient’s quality of life will assist in keeping the patient informed about how the disease is affecting them in their daily lives. HRQoL will vary significantly with each individual and is very important to measure patient’s responses to lupus. Fatigue is a widely influential factor in lupus patients and should be included in quality of life studies (McElhone, 2006). Studies found a role of defensins in the pathogenesis of SLE (Froy, 2009). Although, when SLE involves major organ, the disease can be put into remission with corticosteroids and immunosuppressive therapy, these treatments can cause toxic results (Ntali, 2009).

Sunday, August 18, 2019

National Geographic: Mysteries Underground :: essays research papers

National Geographic: Mysteries Underground   Ã‚  Ã‚  Ã‚  Ã‚  The video I reviewed was a National Geographic film called Mysteries Underground. This video was about extraordinary sites there are to see in underground caves. You traveled along with cave explorers and got to see all the beautiful untouched natural formations such as gypsum chandeliers, gnarled calcite columns, and jewel-like lakes. It showed and talked about all the careful proceders the cave explorers go through. It also talked about how the formations were made over such a long time.   Ã‚  Ã‚  Ã‚  Ã‚  I learned many interesting things that would never seem possible. In the world's new most exotic ,Lechuguilla, cave there lied water so clean and clear that the cave explorers were forced to take all there clothes off before they swam acrossed it because the littlest dirt from any clothing would contaminate the pureness of the water. All the cave explorers are very cautious as to what they touch or where they step because some of the crystal formations are so fragile that the slightest vibration from a voice or a footstep could ruin millions of years of forming. In some parts of caves there are giant and very smooth ice formations that must be slid down very carefully because if they are not taken cautiously you will pick up to much speed while sliding and finally hit some kind of stone wall or something. One lady was not careful enough and boy did she pay. She was only a mile and a half or so in the cave and she broke her leg. It took almost five days to get who to the surface of the cave where she could be attended to. Also I found out that caves were much larger then I had originally thought. The largest cave now, Mammoth Cave, is over 200 miles long. And if you are exploring a cave being miles and miles from the entrance it is very important that you be careful because if you break your leg that far from the entrance it would probably take months to get you out safely. One safety precaution I learned was that when the explorers are traveling through cold water they must make sure they don't get their upperbody wet because that will cause them to freeze and get many sicknesses that are caused by the cold. One thing that I found interesting was that with the technology today you would think that we would have all the caves discovered and explored. We aren't close at all. In fact some caves have been being explored for years and there is still no end in sight.

Use Of Literary Elements :: essays research papers

Use of Literary Elements There are many important elements to The Catcher in the Rye but there are two that stand out from the rest by a great margin. These elements of the novel are the message that the book gives to reader as well as the style of writing that J.D. Salinger uses while writing the book. The messages can be seen clearly and are very important to the book, but they are not an original theme for a book. What does set the ideas in this book apart from other books with the same theme is the writing style that Salinger uses in the book; this writing style is called stream of consciousness writing. Stream of consciousness writing is a type of writing that is not typically used in books because of its well defined limits. These limits are that when using stream of consciousness narration, the story line is required to revolve around one and only one main character if the writing is to be effective. With S. of C. writing it is also required that the author develop the main character extremely well into a very believable person both emotionally and physically through thoughts and actions. To write an effective book in this writing style an author must be exceptionally talented, and thankfully Mr. Salinger is just that. The S. of C. writing style is used effectively with the character of Holden Caulfield in The Catcher in the Rye because the story line Mr. Salinger developed follows Holden specifically as well as the fact that the subject matter of the book is one of an personal nature. The ideas in the book are presented as thoughts of Holden through out the story. These topics include the fakeness of the world, as well as the rebellion against the world that many teenagers have. Holden does not like the phonies in the world and constantly voices his opinion about it as well. The rebellion against the world in not a conscious thing that Holden does but it is apparent in the story line of the book. An example of this rebellion is the constant use of profanity in the book. Salinger makes good use of the constant profanity to show this rebellion but because of HoldenÕs character it is not out of context. Because Holden is upper-middle class and educated he used profanity to exemplify points that he is trying to make, not because he is swearing out of anger.

Saturday, August 17, 2019

Banning Books Essay

Throughout history, books have been the target of censorship. At times, these books are even banned from schools and public libraries because the content in them is thought to be too offensive. For this assignment, you will be reading one of these banned books. Which book you read is your decision, however you should keep in mind the appropriateness of your choice- make sure it is a book that your parents would not find objectionable. After you have read the book, you will be writing a persuasive essay defending whether or not the book should or should not be banned from a middle school library. Your essay should include a paragraph that summarizes the book as well as three logical, defendable reasons why the book should or should not be banned from a middle school library. While you may look up the reasons why the book has been challenged in the past, the thoughts expressed in the paper must be your own. You are expected to use the information about persuasive essays learned in class to format this paper. A rubric outlining the expectations will be posted on my Teacher Page. Your essay must be typed and follow the standard requirements for an essay: double-spaced, Times New Roman, one-inch margins. Any secondary sources or research that you use must be documented with in-text citations and included on a Works Cited page. If, at any time, you have questions regarding the book you are reading or the essay you are writing, please ask me.

Friday, August 16, 2019

Nstp 1 Essay

Taking up NSTP 1 is fun and informative at the same time. I have learned many things from the beginning of the lecture about the bill of rights, up to the last meeting . Also I learned much about the environment and known whatever I learned there, will never be forgotten just that I should be able to apply the knowledge I have acquired. Before , I thought that disasterjust cause destruction to human lives and material but the truth is it also disrupts the function of society. I also found out that the reason why disaster occur is not onlybecause of the climate change or unbalanced ecosystem, but also because of the â€Å"low level of political and social organization â€Å" , which has been discussed by Mr. Abraham so I realized, in order to prevent disasters, we should be united, organized and start doing good things for the environment. Ihad a lots of fun listening to the lecture about drugs too, although I have completely made up my mind not to take any harmful dgurs, the informatio have lheard will be of great help. I will be more careful not to trust strangers,now that I know that there is ROHYPNOL, the ‘Date Rape Drug’ which cause amnesia, fatigue, dizziness to the victim. I really enjoyed the lessons about Disaster and Risk Management, I learned about how to be safe in times of disasters like earthquakes,tsunami and many more. In NSTP 1 , I have been taught to be responsible adult. The last lecture encourage memore participate since it is in factone of our basic human rights which we often neglect. I also made up my mind that I will be taking for NSTP II because I want to help children and share what I know without asking for anythingin return. By doing simple things, we can contribute to our nation’s development because remember that big things come from small things.

Thursday, August 15, 2019

My Dorm Room Essay

College is a life changing event for all students who desire to fulfill their dreams. College is a place of learning and of discovery. Learning does not occur only in the four walls of the classroom or the library, nor it is solely the responsibility of the professor, and it is more than reading hundreds of pages of text books and completing requirements. College is also the place where each student learns how to live independently for the first time, how to manage their time and schedules, meet lifelong friends, experience passionate love and bear their souls to a special person, and, most of all, it is where students discover who they are, what they are capable of and what they want to do with the rest of their lives. In this very intense, fast-paced academic life, each student struggles and becomes more mature after living in a college dorm. Dorm life for a college student is a necessary part, and without it they won’t be fully prepared to take on the challenges of adult life. My dorm room is the place that I call home while I am at Newberry College. It is a nice place to live and I feel very comfortable there. As you walk into the main entrance of Brokaw Hall, you make a right turn then a left one and proceed to room 114. Brokaw is an all freshman dorm. My room is large. I did not bring anything from home; I decided to buy everything that I need once I got here, since I am an international student. I have adapted well to my dorm room and I like living there. On my door a red plate is mounted with the number 114 typed in the middle, near the top. The door is heavy and is made of sturdy wood. At waist level on the left of the door is a metal panel, which supports a large metal doorknob. Once you open my door, you see the interior of my room. To your right sits my bed, which has a red comforter on it. On the wall, by my bed is a flag of my country, Morocco, that I hung up. I brought my country’s flag to remember my homeland, family, and friends. The walls were painted light blue with a few posters hanging in place. The cool color of the wall relaxes me. On top of the bed, a closed laptop sits. When you look to your right you see my roommate’s bed, which has a blue comforter. On the wall, above his bed is where the speakers are hung for the stereo. There are four speakers on the wall and two on the floor. When the stereo is at full power we can hear music all the way from the other end of the hall. As you focus your eyes towards the window, you notice our desk area. The right desk is considered my side, and the left is my roommate’s side. On my desk there is my black printer, an alarm clock, a lamp, and some of my favorite CDs. My favorite possession on my wooden table is the family picture that faces my bed. In the middle of the combined desk, we have our refrigerator and microwave, a Playstation Two video game system, a small fifteen inch television and next to the desk there is an air conditioner. This is used to keep us cool at night and during the day. My section of the room is odd because it is actually clean most of the time; however, I think of myself as being messy and lazy. There are two dressers in my room which are of different sizes, the smallest of which belongs to my roommate. The closet is divided into two sections like most of the things in my room. The dorm room is my safe-haven from college troubles. Half of it is messy with cluttered desks and clothes thrown over the floor, but my side remains clean and organized. I enjoy staying in my room and surrounding myself with the comforts of home: my country’s flag and pictures from home. My parent’s smiling faces are cheering to me. Everything from the soothing color on the walls to the model posters hanging up makes me feel at home here at Newberry and lets me forget my homesickness.

Wednesday, August 14, 2019

Case Study for Final Exam Essay

Green Cabs is an environmentally friendly taxi company in New Zealand which was founded in late 2007 by Callum Brown and three other partners. Green Cabs now operates a multi-million dollar business in three main centres of New Zealand – Auckland, Wellington and Christchurch. The company is also contemplating expanding into other areas with its distinctive bright green taxis. Callum Brown is the primary inspiration behind Green Cabs. However, you could argue that Al Gore provided the initial spark for Callum to start thinking about being more environmentally conscious personally. Callum is in his 30s and has spent 10 years working in information technology for various government departments and private sector companies as a business analyst. He grew up close to nature and enjoyed activities such as surfing and tramping. All these things kept Callum close to nature. Despite his love affair with nature, Callum was quite sceptical of climate change. He explains: I thought – how can you tell that there is global warming when we’ve only been taking recordings on temperature for the past whatever, how many years. Hence, it could be seen as fairly surprising that Callum founded a green business! This personal awakening was a direct result of watching Al Gore’s documentary, An Inconvenient Truth. Little did he know at this stage that a major business opportunity would come from his new environmental consciousness. The impetus for the business idea came when Callum was at work. He travelled extensively for work and consequently found himself catching a lot of taxis. It was on one such overnight trip to Auckland that he became aware of the huge amount of carbon emissions he was generating through travel. He elaborates: I sat there watching all the taxis come and drop people off and thought about the emissions and everything they were producing; there’s got to be a better way than this. Why is there no eco-friendly option and that was the light bulb moment, and saying, ah, why not? Following this light bulb moment, Callum contacted a former colleague who was  also a taxi driver. Together the pair set about establishing an environmentally conscious taxi service with two other partners. They struck the New Zealand taxi industry at what they called a lucky time. The government had just tightened legislation to make it consistent for all operators. The Land and Transport Authority was supportive and helpful in making sure everything the emerging Green Cabs did was in line with the new legislation. The Authority too was excited by what Green Cabs was hoping to achieve. Once started, Green Cabs experienced rapid growth and within six months had approximately 85 cabs and self-employed drivers and employed 15 support staff (mostly in its 24-hour call centre). Callum never had aspirations to become an entrepreneur, nor any experience in business ownership, but his extensive work background as a business analyst made him feel he was well equipped to investigate whether the Green Cabs idea would be successful. In fact, prior to coming up with the business idea Callum felt afraid of the risk involved in having his own business. However, once he had the idea, these risks vanished: I was so passionate about Green Cabs, once I had the idea, there were no perceivable risks for me. That was how strong the drive was to do it . . . It’s like I’ve never doubted for a moment that Green Cabs was going to succeed. It has. Any concerns Callum had about risk were dissipated when he took on a number of business partners to share the risk. These business partners all understood and were sympathetic to the worsening state of the environment and to Callum’s vision for the company. Callum’s vision resulted in a company which entered the taxi industry with the goal of achieving much more than a traditional taxi firm. Green Cabs wanted to force change, to preserve the environment and inform the public about climate change. This meant a whole new way of thinking about business and the principles of the business founders were intertwined with the business model. Green Cabs offers the same basic service as any other taxi company. The key difference is that it is an environmentally conscious company. The main means of the company being environmentally friendly is that its vehicles are hybrids (Toyota Prius). There are substantially fewer ongoing running costs in providing the service. Green Cabs passes these savings onto consumers and is therefore able to offer considerably lower prices than its competitors. It already is forcing change in the taxi industry with many competitors rapidly switching to hybrids  because they can see they will save on emissions a nd fuel costs. The difference between these competitors and Green Cabs is that those changing due to lower running costs do not necessarily have environmental concerns at the forefront of their decision making as does Green Cabs. Indeed, sceptics could argue that the competition is switching because it is losing market share to Green Cabs and is attempting to imitate the service. Therefore, Green Cabs has been successful in changing behaviour in the industry to being more environmentally friendly, but this has come at a cost to the business, as Callum explains: I have had such an impact on the market that I had planned, that they (competitors) are now switching. Now, from an environmental point of view, it’s fantastic that I could have that impact, but from a business point of view it’s not good. However, competitors are still failing to offset their carbon emissions whereas Green Cabs prides itself on being carbon neutral. To achieve this Green Cabs drives only the Toyota Prius, the car it considers to be the best option for lessening the impact on the environment. The remainder of its carbon emissions are ‘paid for’ by providing funding for trees to be planted (predominantly in the developing world). Green Cabs donates to ‘Trees for the Future’, an organisation that has already organised the planting of 50 million trees, which retrieve approximately a million tonnes of carbon from the atmosphere annually (www.greencabs.co.nz). Green Cabs also ‘pays off’ its carbon debt prior to its accrual. That is, it calculates its future carbon footprint (down to the number of squares of toilet paper used) for the next year and funds the planting of sufficient trees to offset this before it emits the carbon. Although this is one of the key environmental strategies Green Cabs carries out, it actually is sceptical of buying carbon credits. This is because this carbon strategy essentially dispatches the problem to someone else; it does not help reduce the carbon in the atmosphere. As such, Green Cabs aims to both reduce carbon and offset before it accumulates. The business model of Green Cabs is based on the premise that the customer has a greater connection with the product or service. By using Green Cabs customers will feel part of a greater commitment to the environment and they will choose Green Cabs product over the competitors. As Callum notes, the  business model is win-win for both consumers and the environment: It is cheaper, it’s eco-friendly, it’s quieter, you’ve got a pleasant driver, we do a whole lot of feel good stuff as well. Give me a reason why you wouldn’t take a Green Cab. Green Cabs target market is the corporate sector and government departments. However, they pay tribute to the ‘grassroots’ support they have received. This is from people who have seen what Green Cabs are doing and even if their company has no agreement with Green Cabs, when they take a taxi they want it to be a Green Cab. Callum has also noted that younger people are more environmentally aware and appreciate the choice they are being offered in Green Cabs. One future development is for Green Cabs to install roof signs on their vehicles to promote the environment. These will not be advertising signs for businesses but to say something individuals can do for the environment. Green Cabs intend to use advertising space on their vehicles to promote the environment, not fizzy drinks or the like! FINDING BALANCE BETWEEN THE ENVIRONMENT AND PROFIT ‘For me anyway, it’s not just about turning a profit.’ – Callum Brown Finding a balance between profit and the environment can be a difficult one. To be successful in Callum’s view, you have to understand and have faith that doing things and sticking closely to the set of values that the company started with is what is going to bring success. Too much compromise for business then you will compromise the overall success of the business. The business might still be profitable but will not captivate the public into changing their behaviour regarding the environment. These environmental values are held firm by Green Cabs and are an underlying part of their distinctive business model. Callum elaborates: If we compromise on those values then that put us at risk of just being like any other taxi company out there and doesn’t set us apart. Following through on their commitment to the environment easy for Green Cabs and they suggest that other should look at the environment differently in their businesses. For example, Callum is frustrated by talk about how much it costs to offset carbon emissions. He suggests people fail to see that the whole process is a cost saving exercise. In becoming sustainable, businesses look at ways of reducing  electricity, travel and so forth. All of these areas can reduce a company’s carbon footprint while also reducing their overall costs. Their commitment to the environment is one side of the equation in Green Cab’s business model. The business must be sustainable and there are investors, franchisees and employees who expect returns from their input into the business. Callum is conscious of this need to make a profit, but he has some boundaries: I want to make some money but at the end of the day, I don’t even need a million dollars a year to live on . . . I really like my life in New Zealand, I like the things that I do and the things that I do don’t cost a lot of money. Callum has found that as the business has grown, more investors (such as potential franchisees) are becoming better aligned with his personal views on the environment. However, that is not necessarily the case for all employees of the company, as Callum notes: I have people working for me who don’t have necessarily the same value set. I mean they’ve got good values and wouldn’t be here if they didn’t but to the degree where mine are – no, they’re not anywhere near there. In April 2009, Green Cabs has grown to 16 employees and 104 drivers. The business has many opportunities to grow their business into other location and other services (e.g. courier services). As the business continues to grow Green Cabs are looking towards carbon neutral certification, and implementing ISO 14001 and 14064 certifications. The ongoing financial success of the company is also attracting more interest from other investors who are not necessarily focused primarily on the environment, but see Green Cabs as a solid investment opportunity.

Tuesday, August 13, 2019

Management information system case study Example | Topics and Well Written Essays - 1250 words

Management information system - Case Study Example The system developed by Kronos is induced with latest technology that takes into account several factors such as sales in individual Wal-Mart stores, customer traffic during peak hours, number of units sold, average time taken to sell a television as well as average time taken to unburden a truck full of shipment. All this information is logged onto the system with an increment of 15 minutes and the data is then measured against the information logged in the previous year. This allows the system to anticipate the requirement of workers at a particular time and thereafter a flexible schedule is prepared. However, this new system has met with severe criticism from employees as many of them have expressed their concern about the decreasing stability of their jobs which in turn may create financial adversity for them. In light of these facts, what follows is a case study regarding the ethical dilemmas facing the company and its employees as well as the consequences of implementing this s ystem. The flexible scheduling system developed by Kronos may lead to unpredictable scheduling of work hours which may jeopardize the work life as well as personal life of employees. The system may entail an employee to be present on call during rush hours or may also require an employee to be present during the night shift in the 24 hours Wal-Mart outlet in spite of the employee’s inconvenience. The underlying problem in this case is that employees have no choice other than complying with the system as non compliance may result in the termination of their employment contract. In fact, many of the Wal-Mart associates have expressed their concern regarding the fact that this system is being used by senior managers in order to pressurize the workers to work for more hours without even considering about the impact that such pressure may have on the lives of the worker. Therefore the ethical dilemma that is being faced by Wal-Mart is the fact that the system is in

Washington D.C as a world city Essay Example | Topics and Well Written Essays - 500 words

Washington D.C as a world city - Essay Example This directly influences the social condition in the society and acts as a primary driver for social inequality. (Gibel, 2007) The problem with Washington has been the issue of Native Americans Versus the African Americans. A research work conducted at MIT and the Chicago University revealed that the filtering of candidates for issuing jobs was done based on whether the applicant had a white sounding name or a black sounding name and around 60-65 percent of applications were rejected in the case of blacks. Jews marched on Washington against racism on 20th of April 2002 (nkusa.org, 2002). The Jewish leader Rebbi Weiss delivered a speech on ethnic equality mentioning the advantages of social equality in the society and its affect on the all round development of the city. Not only this, the plague of racism even affected the law protecting bodies like the police, fire and municipal services. Police officials exchanged hundreds of racist messages through E-mails including segregated grou p meetings (adversity.net, 2005). In 2001 about 10 percent of the police force is involved in the investigation for law violation (adversity.net, 2005). The Racial discrimination in the society of Washington follows the models of racism. Individual racism where a person acts in such a way to degrade others based on race like a boss not hiring or promoting an efficient worker on the basis of race etc (William, 2002) were common. The lack of proper parenting for and injecting the evil thoughts of racism into children are resulting in racial discrimination in schools and colleges. The environment of social grouping also has a major impact. The differences in the power and influence are easily seen in the majority section of society (William, 2002).These racist policies embedded at organizational level is structural racism. The American psychiatric association stated that racial discrimination affects the mental health of a person and leads to further mental

Monday, August 12, 2019

Pose conflict situation at work place and how to resolve Essay

Pose conflict situation at work place and how to resolve - Essay Example As a function of protecting the rights of all patients involved, it is necessary to alert them as to the fact that their information may have been compromised. This is a difficult ethical position to take for any firm or group as it opens them up to a large array of legal issues with relation to the fact that the shareholders whose information has been compromised may seek legal action against the entity for not safeguarding their health records to a more adequate and appropriate degree (Polito, 2012). However, it is nonetheless the only rational and ethical approach that can be taken to ensure that the shareholders are made aware of the release of information and that the firm or group is working to the best of it’s abilities to remedy to the situation and provide all resources to the investigation entities as a means of bringing the culprits to justice. In order to maximize a type of win-win situation, the group/firm/or entity can regularly follow up with the shareholders to show them that they have taken their privacy seriously and have not merely forgotten about the issue. This will instill a further level of trust that has doubtless been lost as a result of the privacy

Sunday, August 11, 2019

Business to Businesss Marketing Essay Example | Topics and Well Written Essays - 4000 words

Business to Businesss Marketing - Essay Example The aim of the report is to provide an analysis of the potential market segment and also evaluates the business potential of the particular target market and the segment in which the firm plans to enter. The report also highlights the marketing strategy which the company performs in order to understand the target market and formulate strategy accordingly to suit the business perspective of the country and the company together. Selection and evaluation of Target Market Business to business marketing differs from that of consumer marketing. In B2B marketing, the volume of purchase are much higher than consumer marketing and as a result the target market must be selected based on the economic growth rate and the number of industries in that particular region. The organizations are of prime concern in case of B2B marketing and not the customers and thus the market selected is UK. UK chemical industries are among those industries which generate profit and are able to increase the economic growth rate of the country. ... The European chemical market involves chemicals such as inorganic, petrochemicals, fertilizers and industrial gases along with fine and specialty chemicals. The market size of Europe alone was estimated to be about USD495billion in the year 2003. Major chemical market includes France, Italy and Germany. If we look at the whole of UK market which covers the base chemicals segment including both organic and in organic chemicals along with specialty and consumer chemicals. UK manufactures a wide range of products and forms one of the largest manufacturing industries and ranks 7th globally in terms of consumption. In the same year 2003, the UK chemicals market was estimated to be USD 40.9billion and was expected to grow even more in the future (ReportSure, 2012). In UK the chemical industries is run and managed by the Chemical Industries Association (CIA) which is regarded as the largest organization which aims to represent pharmaceuticals and chemicals business in UK and across UK (CIA, 2012). LumiCore intent to deal in specialty chemicals such as paints, coating and pigments and according to reports specialty chemicals in the UK covers a market that generates revenue from sales of value added chemicals. Thus the UK specialty chemicals market constitutes of total revenue of $19.3billion in the year 2011 and represented a â€Å"compound annual growth rate† of about 3.2% in between 2007 and also 2011. The performance of the chemical industry in UK is forecasted to accelerate CAGR of about 4.9% for the next five year financial period from 2011 to 2016 which in return are expected to drive in value of the particular market of $24.6billion by 2016 (Business Wire, 2012). The specialty

Saturday, August 10, 2019

Folio paper-cloud computing foe E-learning Assignment

Folio paper-cloud computing foe E-learning - Assignment Example In the recent day context, the concept of cloud computing has gained significant amount of interest due to the advantages that the companies are able to acquire by the utilisation of cloud computing. Certain recent survey reports state that in the global market, about 74 percent of the companies are utilising cloud computing services (Sharma, 2012). These companies include several hotel groups which utilise the cloud computing techniques to enhance their Customer Relationship Management (CRM) systems (Babcock, 2011). Apart from hotels, there are several other companies which utilise the cloud computing techniques for their business operations. A few of the major companies among them have been mentioned below: It is worth mentioning that Amazon has introduced the latest version of cloud computing application known as the EC2 cloud compute. The EC2 is a quite efficient in providing web services that enable the user to utilise the available resources effectively (PRLOG, 2011). Microsoft, which is one of the giant IT companies, has been providing certain cloud computing services to the business enterprises as well. These services, provided by Microsoft to the business enterprises give security to stored data of the enterprises (PRLOG, 2011). Another significant company that provides cloud computing services is Apple. The icloud services rendered by Apple to its customers provide facilities to the user to store files and documents which can be accessed quite easily (PRLOG, 2011). Several research groups have been formed by different companies for carrying out the research works on cloud computing. It is worth mentioning that Microsoft is one of the major companies which has formed a research group for cloud computing. The research group of Microsoft includes Sameh Elnikety, Allen Galler, Christian Geuer-Pollmann, Yuxiong He, Navendu Jain, Jim Larus, and Ravi Pandya. Apart from Microsoft, another significant research group has been developed by IEEE Computer

Friday, August 9, 2019

Human Resource Development BTEC Level 5 Unit 23 Essay

Human Resource Development BTEC Level 5 Unit 23 - Essay Example With respect to training, the HRD collects and organizes the materials needed for skill training, coordinates the training endeavors, carries out or helps to put into effect on-the-job training and channels the input and expertise needed for the development of the organization (Mathis & Jackson 2008). What is Training? Before we delve into technical details of training and development, we need to understand what actually training is. What is the difference between learning and training? Training can be defined as a process of learning which is designed specifically for target audience keeping certain objectives in view. It is planned in nature and aims to affect the attitudes, knowledge and skill behavior through the process of learning so that maximum efficiency can be obtained from the employees’ performance. The identification of training needs of the employees is an integral element in the success of an organization. Training also serves to fulfill the current and potentia l manpower needs of an organization. ... Training Needs at Different Levels of an Organization When identify training needs it is important to consider the responsibilities that the employee holds. Two people on different levels of the hierarchies have different tasks and responsibilities as well as varying stages of career progression. This mandates that the training provided to employees should not be the same and should be based on their career progression and responsibilities in the organization. Training needs will be different of people at the junior level are going to be different from those of the senior employees. For example, induction training is an effective tool for junior employees, helping them in building their base and providing them with the knowledge and skills needed to work in an efficient way. On the other hand, in-service training can prove to be more effective for employees higher up in the hierarchy. Public service training is aligned with the needs of the employees and it is important that training programs take into account the various functional areas that employees are engaged in different stages of their career. It has been stressed that theoretical input in the training programs is very important and there should be a balance between the training needs of the employees and the academic information imparted to them. Training requirements for different employees are different and can be exemplified by looking at the different levels of an organization. The type of training that would be provided to top managers would be strategic in nature and should focus on their functional areas such as drafting investment plans and deciding upon the long term plans of the