Lee Chong Wei

The Elite Bloggerz The Blog of Form 3 Elite 2012, SMK Tunku Sulong Home About Us New Project Our Sponsor LEE CHONG WEI One of the most prominent personality in Malaysia that I admire is Datuk Lee Chong Wei. He had brought honor to Malaysia. Datuk Lee Chong Wei was born on 21 october 19m2 in Pulau Pinang. He studied at Sekolah Rendah Jenis Kebangsaan Cina Jit Sin,Bukit Mertajam. Later ,he continued his study at Sekolah Menengah Sungai Way. In His early years,Lee Chong Wei favoured basketball. However his mother soon banned him from that activity due to scanning heat of the outdoor basketball court.Lee Chong Wei began to learn badminton at the age of 11 when his father brought him to the badminton hall. After he had attended the attention of the badminton couch,the couch began to train him. After doing discovered by Misbun Sidek ,he was drafted into the National Squad. He won the silver medal in the 2008 olimpic games and become the first Malaysia to reach the final of the men’s singles event and ending Malaysia’s olimpic medal drought since 1996. This achieviement also earned him the titlt Datuk. As a single player,Lee Chong Wei was randked first world wide on 21 august 2008.He is the third Malaysia’s men’s single shutler after Rashid Sidek and Rosli Hashim to achieve such a ranking and is the only Malaysia’s shutler to hold the ranking for more then ten weeks. In 2011 year,he won many matches such as Malaysia open,Korea open,England open,India open,Sudirman Cup and Indonesia open. He was praised by prime minister Najib Tun Razak after this triumph in All England Open. He was hinted he could retire following the 2012 olimpic. 8 Share this: Email Print Facebook3 Twitter1 # 19/04/2012, 12:32 pm The Essays Tags: izzat | muhdhanif | suthanon | Thanasak 0 Comments adjective that describe fikry Adjective that describe Hanif  » †¢RSS Meta Log in Entries RSS Comments RSS WordPress. org Archives Select Month October 2012 (12) Jul y 2012 (4) May 2012 (1) April 2012 (5) March 2012 (8) February 2012 (14) January 2012 (3) December 2011 (1) November 2011 (2) October 2011 (7) September 2011 (11) August 2011 (13) July 2011 (27) June 2011 (6) May 2011 (6) April 2011 (5) March 2011 (7) February 2011 (1) January 2011 (31) December 2010 (7) November 2010 (8) October 2010 (21) September 2010 (2) April 2010 (1) March 2010 (8) Tags mila amira amirul Amsyar archri atiyya boon suang chin joo dayana faiz farhan fathini fatihah fatin fikry fizah hamizatul izzat jia wen mimi Miss N Mrs. A Muhd Hanif muhdhanif nabihah najwa nurulnajwa pirdaus qinwei rizal suthanon syahanis syaqari syareena syifaa teacherz Thanasak yi min Recent Comments barney kid on An interesting event in The Railway Children(Discuss Version) ummiey on exams are bad,bad things!!!! laxes on An interesting event in The Railway Children(Discuss Version) suthanon on The Railway Children_An Importang Event NINA on The Black Beauty Notes Recent Posts Nice Day !!! w hat? PMR is over ? waiting our trip to Pinang Lee Chong Wei Why winning / being no 1 in the world are so important? To be ranked world number one for a long time is a remarkable achievement for a badminton player, especially from Malaysia. This is because the competition in the world of badminton is great enough, not to mention the presence of the players form the powerhouse of world badminton, China, as well as the players from the European continent that often presents a tough challenge to Lee Chong Wei.Lee Chong Wei, who is known for his high fighting spirit, morale and commitment to the sport deserves to be in the world's top ranking, despite never be successful in the Olympics, but Lee Chong Wei is deemed to be the best player ever born by Malaysia in the badminton world. The victory achieved by Chong Wei in international badminton tournaments thus enhancing Malaysia to the eye of the world. Badminton is one of the major sports in the world with a total professional and social players reached billion, and, of course badminton received wi de coverage in the media.In fact, the coverage is not limited in countries like Malaysia, China, Indonesia and Denmark but also covers 169 countries under the auspices of a combination of the main body of world badminton, Badminton World Federation, BWF. The frequently that Chong Wei won major world's tournaments makes the name of Malaysia itself is synonymous with badminton, despite the fact that in parts of the world, many people still do not know in detail the geographical, political and cultural landscape of Malaysia itself. But at least they know Malaysia has a badminton champion named Lee Chong Wei. Lee Chong Wei The Elite Bloggerz The Blog of Form 3 Elite 2012, SMK Tunku Sulong Home About Us New Project Our Sponsor LEE CHONG WEI One of the most prominent personality in Malaysia that I admire is Datuk Lee Chong Wei. He had brought honor to Malaysia. Datuk Lee Chong Wei was born on 21 october 19m2 in Pulau Pinang. He studied at Sekolah Rendah Jenis Kebangsaan Cina Jit Sin,Bukit Mertajam. Later ,he continued his study at Sekolah Menengah Sungai Way. In His early years,Lee Chong Wei favoured basketball. However his mother soon banned him from that activity due to scanning heat of the outdoor basketball court.Lee Chong Wei began to learn badminton at the age of 11 when his father brought him to the badminton hall. After he had attended the attention of the badminton couch,the couch began to train him. After doing discovered by Misbun Sidek ,he was drafted into the National Squad. He won the silver medal in the 2008 olimpic games and become the first Malaysia to reach the final of the men’s singles event and ending Malaysia’s olimpic medal drought since 1996. This achieviement also earned him the titlt Datuk. As a single player,Lee Chong Wei was randked first world wide on 21 august 2008.He is the third Malaysia’s men’s single shutler after Rashid Sidek and Rosli Hashim to achieve such a ranking and is the only Malaysia’s shutler to hold the ranking for more then ten weeks. In 2011 year,he won many matches such as Malaysia open,Korea open,England open,India open,Sudirman Cup and Indonesia open. He was praised by prime minister Najib Tun Razak after this triumph in All England Open. He was hinted he could retire following the 2012 olimpic. 8 Share this: Email Print Facebook3 Twitter1 # 19/04/2012, 12:32 pm The Essays Tags: izzat | muhdhanif | suthanon | Thanasak 0 Comments adjective that describe fikry Adjective that describe Hanif  » †¢RSS Meta Log in Entries RSS Comments RSS WordPress. org Archives Select Month October 2012 (12) Jul y 2012 (4) May 2012 (1) April 2012 (5) March 2012 (8) February 2012 (14) January 2012 (3) December 2011 (1) November 2011 (2) October 2011 (7) September 2011 (11) August 2011 (13) July 2011 (27) June 2011 (6) May 2011 (6) April 2011 (5) March 2011 (7) February 2011 (1) January 2011 (31) December 2010 (7) November 2010 (8) October 2010 (21) September 2010 (2) April 2010 (1) March 2010 (8) Tags mila amira amirul Amsyar archri atiyya boon suang chin joo dayana faiz farhan fathini fatihah fatin fikry fizah hamizatul izzat jia wen mimi Miss N Mrs. A Muhd Hanif muhdhanif nabihah najwa nurulnajwa pirdaus qinwei rizal suthanon syahanis syaqari syareena syifaa teacherz Thanasak yi min Recent Comments barney kid on An interesting event in The Railway Children(Discuss Version) ummiey on exams are bad,bad things!!!! laxes on An interesting event in The Railway Children(Discuss Version) suthanon on The Railway Children_An Importang Event NINA on The Black Beauty Notes Recent Posts Nice Day !!! w hat? PMR is over ? waiting our trip to Pinang

Immanuel Kant by Nathalie G. Catalogo Essay

German philosopher Immanuel Kant (1724-1804) is considered the most influential thinker of the Enlightenment era and one of the greatest Western philosophers of all times. His works, especially those on epistemology (theory of knowledge), aesthetics and ethics had a profound influence on later philosophers, including contemporary ones. Kant’s philosophy is often described as the golden middle between rationalism and empiricism. He didn’t accept either of both views but he gave credit to both. While rationalists argue that knowledge is a product of reason, empiricists claim that all knowledge comes from experience. Kant rejected yet adopted both, arguing that experience is purely subjective if not first processed by pure reason. Using reason while excluding experience would according to Kant produce theoretical illusion. Afterwards, Kant mainly focused on philosophical issues although he continued to write on science. Source: http://www. philosophers. co. uk/immanuel-kant. html Based on what I’ve read from the philosophy of Immanuel Kant which oftenly described as the golden middle between rationalism and empiricism, I strongly agree with the statements â€Å"experience is purely subjective if not first processed by pure reason† and â€Å"using reason while excluding experience would produce theoretical illusion. † Obviously, both statements complement each other. You will notice that experience needs reason for it not to be subjective and reason on the other hand, needs experience for it not to produce theoretical illusion. Empiricists claim that experience is equal to knowledge while rationalists argue that it is reason which is equal to knowledge. For example, for the empiricists, you have this experience that enrolling at University of Makati (UMak) needs patience and panctuality for there’s so many enrollees which causes a very long line so the process will take so much of your time. Through that experience, you gain knowledge so the next time you enroll, you already know how to handle things better. On the other hand, an example of rationalism is that, if someone teach you that one plus one is equal to two (1 + 1 = 2), you gain knowledge from the reason of mathematics. My assumption for the reason behind why Immanuel Kant adopted both of these is that it is closely related with each other and it needs each other to stand for its essence.

Integration in SEC Football Research Paper Example | Topics and Well Written Essays - 4000 words

Integration in SEC Football - Research Paper Example In southern US colleges, the policy of segregation was deeply ingrained. Universities and colleges refused to admit Black students. Thus, it was natural for their teams to be White with no African-Americans. After the Second World War, the University of northern states desegregated and they admitted numerous African-American players to their respective teams. In spite of this, southern schools remained fully segregated. These colleges went as far as refusing to play desegregated teams from universities from the North even if the games were played in the North2. The Southeastern Conference is a college athletic conference which operates in the southeast of the United States. It has its headquarters in Birmingham, Alabama. It participates in the National Collegiate Athletic Association (NCAA) Division I. Currently, it sponsors team championship in nine men's sports and twelve women's sports. This makes it one of the largest in the world. As a sports institution located in the South, it was plagued with the issue of segregation for many years. It was part of a larger effort to prevent mixing of Blacks and Whites in America. This trend changed when the changes of the Civil Rights Movement hit the institutions of the United States. In doing this, the following objectives would be met: The integration of African-American footballers into the SEC can best be described in the wider context of the SEC and its unique position in American history. This is because SEC football is just a subset of the SEC which went through several changes as a unit rather than in individual sports. Thus, the approach that can best be used would be to examine the SEC as a whole with the emphasis on football. Â  

Macroeconomics Term Paper Essay Example | Topics and Well Written Essays - 1250 words

Macroeconomics Term Paper - Essay Example The financial crisis will shed its impacts around the globe due to globalization. The livelihood of all people at every corner felt the heat of crisis (World Bank, 2009). One of the prime causes for the financial crisis to take place is collapse of the real estate market of United States, also characterized as the housing bubble. The collapse resulted in surge of mortgage loan defaults. The collapse of the real estate market and the subprime mortgage market of the U.S. had the severe effects around the globe. Uncertainties crept in the financial markets. The creditors reacted to the situation by pulling out funds as well as cashed out the securities that were issued by the concerned financial institutions. The situation became so severe that some financial institutions failed to survive while others just managed it. The loan and credit possibilities from the bank dried up. The investors began to dump their investments and therefore downturn in the share market was the inevitable outcome. The system suffered from the loss in confidence. The banks took the policy to borrow with the view to create securitization. As long as the banks can pull out money by selling loans on the basis of securities, they did not feel the dependency to rely on the savers. Some banks directed themselves into mortgages. The government pressurized the banks to offer loans to the poor and these loans involved the risks of getting defaulted. The banks were used to purchase the mortgages with the aim to securitize them and then sell them off. The exposure of the banks towards risks gained probability. The lending process slowed down with the realization of the problem. Some of the banks were on the verge of the most risky loans which was beyond the intention of the investors. The lenders wished to take back the loans. The investment banks could not make much progress as they had little deposits to deal with. The situation

Criminal Liability And Use Of Force Essay Example | Topics and Well Written Essays - 1250 words

Criminal Liability And Use Of Force - Essay Example When someone is arraigned in court on the event that they solicited another person, it has to be proven. At this point, corroboration comes in. In court, there always has to be evidence otherwise multitude of people will be held custody and others for no solid reason. Corroboration requirements apply on a crime of solicitation when the accused is guilty of commanding another person to commit a crime. Not only is corroborating evidence a requirement on its own, it needs one witness along with it. Corroborating evidence is so firm on its own that it only needs one witness. It can have recordings of audio and video acts or any other doing. Someone is found guilty even on planning a solicited crime even though the crime is not in progress. The crime of solicitation can be numerous in one plan considering whether they happened in different places, different ways, different times and different payments with different amounts. The accused would be facing several suits. It is found sensible that if one encourages another person to commit a specific crime, it is part of that crime too. Conspiracy is termed used as the agreement or merging of ideas between two people to commit a crime. A conspiracy is successful when there is a motive and is agreed upon, an intention to the motive and an overt act. An overt act could be something like buying of ammunitions and guns to be used in the certain crime. The overt act is a very transparent act that can be used as proof in front of a jury or during jurisdiction on a presentation of a crime.

Should Americans have free universal health care Essay

Should Americans have free universal health care - Essay Example Also, deeper evaluation of why the government should consider a free universal health care has been explained well. The opposing viewpoints have been revealed and were corrected with a brief explanation too. Both sides of the coin have been weighed with various studies to explain the efficiency or importance of the program. A Position paper to the issue: â€Å"Americans Should Have a Free Universal Health Care† There are many people who long to have freebies in life such as free food, free key chain, free shirts, and even free gift certificate in salon and spa. Some makes fun of it and some do not. Every laughs that these freebies bring has some â€Å"real thing† accompanied with it. It is pretty obvious that every man who wants freebies in life lacks for something. And that is the issue: if there is someone who cries for some â€Å"freebies† and it seems to bring goodness on the other side if evaluated well, would the authority listen? Health is one the most imp ortant things that people do consider. If they are not having a good lifestyle, their health would be on the peak of harm. They would experience illness and worst, even death. Health has become a big issue in the United States making universal health care to be the answer for these health issues. According to Torrey (2008), universal health care is a view where everyone, who belongs to a certain place, is covered with basic health amenities and would not be denied of any health related needs. Today, there are several debates that discuss whether the Americans should have a free universal health care or not. Julie Sykora (2010) listed a few countries that embrace the universal healthcare system such as Canada, Germany and Japan and compared their health services with the United States of America. According to the writer, the United States is the only industrialized nation whose citizens are not guaranteed health care rights. As a result, as many as 45 million citizens are uninsured. Sykora (2010) also criticizes the unnecessary paperwork included in the American medical care system and considers them repetitive and unnecessary. Also, according to Avery Johnson (2010), a reporter at The Wall Street Journal, it was showed that the data and statistics of the rising uninsured, based on the 2010 Census Bureau, are dramatically increased in a year’s time. Most of the drop is seen in employer sponsored insurance, while people are found moving to government funded health insurance that can be seen with a significant increase in number. The Democrats use these findings to support their health care reform, and, on the other hand, Republicans representatives also want to get every American covered under health insurance. It is obvious that literally, people value their health and always make it a point to work with it. The government should consider their cries. Health is a valuable thing that one should always consider. It is a good point if the government would l et the universal health care to be freed. All Americans should have free universal health care. This is because free universal health care would encourage them to start preventive medicines and avoid major health problems. Also, it would let people work part-time or be stay-at-home parents without worrying about the health

Quality Management Article Example | Topics and Well Written Essays - 500 words - 1

Quality Management - Article Example The onus is mainly on learners to furnish the required information in the templates after each unit based on the Read and Analyze Activity. After filling the information in the template they need to e-mail it back to the e-Tutor. The article titled â€Å"Towards a Better Understanding of Quality† by Hardie & Walsh (1994), gives an overview about the notion of quality management from a modern day perspective, elaborating on different theories. Discussion of the article initially emphasizes the traditional differences between qualities preferred and the actual quality outcomes. In subsequence, the article elaborates that with the implementation of the new methods, certain relationships could be identified among the different states of conditions, which has been referred with relation to (1) â€Å"how things ought to be† and (2) â€Å"how things are†. To be noted in this regards, the article successfully details out the quality relations among the different states and assists in understanding the common witnessed quality issues that impose strong impressions on the performance of an organization. Correspondingly, the article clearly diagnoses the quality problem faced in different states, p roviding a framework of the quality relations (Hardie & Walsh, 1994). The key learning points of the article can be identified with reference to the findings inferred by the authors. To be noted in this regards, the differences of the quality relations of the two states of â€Å"how things ought to be† and â€Å"how things are†, form the common base of arguments in various theories concerning quality management. As noted in the article, the issues regarding quality aspects, prevailing in an organization, can be identified in terms of the gaps persisting between the two states mentioned above. However, with the gradual introduction of new and more elaborated definitions of quality, several quality relations

Choose one film to analyze in depth as a product of New Hollywood Essay - 1

Choose one film to analyze in depth as a product of New Hollywood - Essay Example Some of this action was spurred by the drastic social changes that were taking place at the time in the form of Civil Rights and Womens Liberation, not to mention the conflict in Vietnam and the conflict that caused back in the States. In an attempt to compete, studios found it necessary to merge with larger corporations that could provide additional revenue streams and stabilize the bottom line. Vertically integrated studios became a thing of the past and movie production fell in the early 1960s opening the way for foreign films to step in. These films and the fact that European, particularly British, locations offered lower budgets, enabled many of the artistic experimental styles being explored in Europe at that time to find their way into Hollywood productions. As the older directors began to phase out of the Hollywood limelight, younger directors such as Martin Scorsese, Francis Ford Coppola, Robert Altman or Mark Nichols willing to take chances and able to keep low budgets bega n to emerge. In these films, such as The Graduate by Nichols (1967), the directors employed experimental techniques to keep budgets low and focus on greater social issues of their times. In this example film, a young man returns from achieving his college education only to have his high ideals destroyed by the plastic society he is expected to join. In The Graduate, Mike Nichols captures much of the essence of New Hollywood from a variety of perspectives. An important aspect to consider in the development of New Hollywood is the number of massive socio-cultural movements that were taking place at the time. The Civil Rights Movement started in the mid-1950s with a much publicized Montgomery bus boycott. The power of the people to affect change was clear by 1964 when the Civil Rights Act banned Jim Crow segregation laws in the South. Black people now had the legal right to social equality if not the physical expression. The Civil Rights Act also

Vascular Dementia Research Paper Example | Topics and Well Written Essays - 250 words

Vascular Dementia - Research Paper Example The patient is undergoing transient ischemic attack commonly referred to as TIA, usually, lasts for twenty-four hours. It is a neurologic dysfunction which results from blood deprivation of one or more parts of the brain. It causes blurred or loss of vision, dysarthria, aphasia and mental confusion associated with loss of memory. The formation of thrombus or clot in the blood supply and alarming rate of vasoconstriction may lead to Ischemia. The patient was diagnosed with heart disease six months previously and presently with vascular dementia which is the loss of memory caused by many minor strokes.TIA and Vascular Dementia both are associated with diseases of the heart like hypertension and hypercholesterolemia. Males aged above 55 years of age and having a family history of stroke are at a greater risk.The cause should be diagnosed by the imaging of the brain and an electrocardiogram. Sometimes surgery endarterectomy is requisite for removing the plaque, thrombus or clot from the carotid arteries. However, a stroke can occur during the procedure. In case of emergency situations, medication such as anticoagulants is given. Heparin, warfarin or the antiplatelet medication such as aspirin are prominently used. These drugs help in thinning the blood thereby minimizing the probability of thrombus formation and the travel of clot towards the brain. The patient should take care and bring a clear change in their life styles by quitting smoking, eating a healthy diet with lots of fruits, weight loss, and regular exercise.

False Advertising Essay Example for Free

False Advertising Essay What they regret to inform you in the big print is that the only way to acquire these results is with diet and exercise, therefore they are misleading you. Recently, the Federal Trade Commission fined certain weight loss products for false advertising. These companies claimed that their product ranged from rapid weight loss to reducing the risk of cancer. Although these products were not pulled off shelves, they were advised to stop making false claims or prove their claims with scientific research proving that these products undoubtedly carry out the actions they claim to do. That’s just to show you that you can’t and shouldn’t believe everything you see. False advertising is also found widely in the food industry. There are many food companies that advertise their products on TV via commercials, such as Burger King, Quiznos, McDonald’s, and even supermarkets. These companies want you to visit their establishment by pulling you in with advertisements of their delicious products such as juicy burgers or bright red strawberries. The products look so good on TV, but when you arrive at the establishment and place your order, you receive something that doesn’t look as good as it did on TV. These companies falsely advertise what their products look like to draw you in so they can make money. If you have ever seen a Quiznos commercial, their sandwiches are advertised with an abundant amount of meat and vegetables, but when you go to purchase one, they are nothing close to what was advertised. The foods in the advertisements you see are not exactly edible. The agencies that are hired to create these products use cosmetic chemicals to enhance colors so the products appear to be fresh. They do this so they can boost its virtual appeal, concluding the point of not everything you see in advertising is necessarily true. Consumers are greatly affected by these deceptions. People who purchase a product and later realize that they did not receive what they thought they were paying for are dissatisfied. Dissatisfaction will eventually lead consumers to never purchase that product again, which will cause sales to drop for that company. By word of mouth, internet, and other means of communication these companies’ profits will plunge due to consumer discontent. Also, if companies are falsely advertising and fail to mention a certain aspect of their product to consumers and that consumer happens to be allergic to that certain aspect of the product, it may lead to a potential lawsuit. For example, the food label known as Spikes all purpose food seasoning declared their product had â€Å"no MSG added. † Further reading of the ingredients in this product, it contained hydrolyzed protein. This protein contains MSG; therefore this food label was false and misleading. Anyone who is allergic to MSG that consumes this product will get violently ill. Due to the lack of information the company failed to mention on the label, there is no way a consumer would have known the product contained MSG. To avoid situations like these, companies must be clear in stating every ingredient in their product. Not only in food products, but companies must also be sure to include every feature of their merchandise, so no one is being mislead.

Hanjin Bankruptcy Case Study

Hanjin Bankruptcy Case Study Abstract Over the past five years, Hanjin Shipping Co Ltd has maintained its ranking among the top 10 shipping companies in the world making it in 8th position in 2015 (JOC 2016), however, on 31st of August 2016, Hanjin Shipping declared bankruptcy. It was clearly leading to bankruptcy as company was showing low profitability and Hanjin vainly attempted to increase liquidity but it was too late. It is also said that Hanjins breakdown was the largest and the most significant bankruptcy in the container transport industry (Paris and Nam 2016). 1. Introduction The purpose of this report is to examine and look at factors that led to the bankruptcy of Hanjin. This report is divided into two parts. In the first part the Business Report published by the company will be used to identify 4 factors which led to the Hajin Shipping collapse to give and analyse the image of liquidity and profitability. The second part will focus on cash budget went in 2014 and et sequitur. 2. Factors that resulted in Hanjin Shipping crash Four outputs were chosen from Hanjin Shipping Co Ltd financial results two from Balance Sheet and two from Profit and Loss account in order to explain the bankruptcy. Those outputs are Current Assets (comparing to the Current Liabilities), Borrowings, reduction of Profitability and Profit from Discontinued Operations. 2.1 Factors in Balance Sheet Liquidity, according to Subramanyam and Wild (2009), is companys capacity to rapidly convert the current assets into cash or to derive cash to cover its short-term obligations. The companys activity may be affected seriously if there is a lack of liquidity. Therefore, liquidity expresses the capacity of the company to comply with its short-term obligations, for instance, to meet expenses with sufficient cash inflows or to accumulate a security reserve for any incalculable situation such as payments growth. Consequently, liquidity may be defined as the factor that designates the ability of the company to transform assets into cash or to obtain cash to keep up with the short-term obligations. 2.1.1 Current Assets and Current Liabilities Current Assets are assets that are expected to be converted into cash, sold or consumed within short period of time, usually one year (Subramanyam and Wild 2009). Current assets generally include cash, trade receivable, inventories and prepaid expenses. Current Liabilities are obligations expected to be satisfied usually within one year (Subramanyam and Wild 2009). Current liabilities in balance sheet accounts ordinarily include trade payable, short-term bank borrowings, taxes and accrued expenses. First of all, the key point in the Balance Sheet (B/S) is the difference in size amongst Current Assets and Current Liabilities (960 billion and 4 036 billion of won respectively in 2015). It is also important to mention that Current Assets built up only 13% of Total Assets in 2015. Besides, the short-term Borrowings was the main output which drove the Current Liabilities so high (3 171 billion of won in 2015 what is 78,6% of Current Liabilities and 60 times more than Total Comprehensive Income that year). Furthermore, the distance in percentage between Current Assets and Current Liabilities was enlarging since 2013. In particular, Current Assets went down by 35% in 2015 since 2014 and by 47% since 2013, while Current Liabilities declined only by 18% in 2015 since 2014 and by 32% since 2013. This is the root cause of insolvency, as Current Assets were not sufficient to come over Current Liabilities. 2.1.2 Long-term Borrowings Non-current (or long-term) liabilities are obligations that come due in more than one year (or the operating cycle) and include borrowings, bonds and debentures (Subramanyam and Wild 2009). Long-term Borrowings are type of debt and financial obligations issued for the duration of several (3-5 or more) years (Matassa 2011). Any financial liabilities or bonds included in long-term loan are expected to be reimbursed in a longer than 12-month period. In the Hanjins report (2015), long-term Borrowings grew up by 20% in 2015 since 2014 what means that previous long-term loans were not sufficient in order to run adequately. Moreover, Borrowings were composing over 95% of total Non-Current Liabilities in 2015, and 45% of total borrowings during the same year what comparing to the previous year (2014) grew by 13%. The situation was aggravating due to lack of liquidity and consequently, the ability to repay the loans. Too much of Borrowings finally resulted in loss of confidence by banks who refused future debt services. 2.2 Factors in Profit and Loss account 2.2.1 Reduction of Gross Profit Reduction in profitability may be another cause which triggered a reject for further accrediting by banks or other investors causing erosion of equity what consequently ended with the actual collapse of Hanjin. In the Profit and Loss account (P/L), Sales went down by 9% in 2015 from 2014 comparing to Gross Profit which reduced by 14% in 2015 from 2014. This means that in the possible future, company could become less profitable (if the trend will continue) and go into losses again, as it was in 2013, where Gross Loss was accounted for 260 billion of won and Total Comprehensive Loss for 670 billion of won. Regarding to all listed outputs, it may be additionally supposed that the company was losing its paying capacity what may be another factor of bankruptcy. 2.2.2 Profit from Discontinued Operation What is more, looking at the P/L, the Profit from Discontinued Operations suggested the slippage (141 billion of won in 2014 and 0 in 2015) joined together with losses accumulated over the past years (2 251 billion of won in 2015) had ruined the companys equity. 2.3 Evaluation of the effect on the financial result All in all, it can be said that the Liquidity was low due to incapability of Current Assets to overcome Current Liabilities and continuous Long-Term Borrowings. Profitability was also hardly struggled because of reduced Gross Profit and sudden losses from Discontinued Operations. Combining all afore-mentioned factors and taking into consideration the amount of accumulated losses, the size of total remained Equity was smaller than share capital by 34% in 2015 (the situation, however, was better than in 2014 where the distance was accounted for 38% but unfortunately for Hanjin not enough to solve the issue). As a result, the outcome of stated factors became the rapid decline of Hanjins financial sustainability which consequently led to companys insolvency and crash. 3. Budgeting P/L account (Y0) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales revenues 52 55 59 65 55 53 57 59 64 67 70 74 Cost of sales -29 -31 -34 -36 -31 -29 -33 -34 -35 -36 -37 -39 Salaries -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Electricity -3 -4 -5 -5 -2 -2 -2 -3 -3 -5 -6 -7 Depreciation -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 Other overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Total expenses -47 -50 -54 -56 -48 -46 -50 -52 -53 -56 -58 -61 Profit 5 5 5 9 7 7 7 7 11 11 12 13 Legend: From previous Year Reduced inventories Increased sales Electricity policy Payables policy 3.1 Cash Budget for Y0 (2014) Cash Budget (Y0) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trade Receivables 65 52 55 59 65 55 53 57 59 64 67 70 Trade Payables -35 -29 -31 0 -34 -36 -28 -26 -30 -31 -35 -36 Salaries -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Electricity -3 -4 -5 0 0 -6 0 0 -5 0 0 -15 Overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Total payments -51 -46 -49 -13 -47 -55 -41 -39 -48 -44 -48 -64 Cash Surplus 14 6 6 46 18 0 12 18 11 20 19 6 Opening Balance 50 64 70 76 122 140 140 152 170 181 201 220 Closing Balance 64 70 76 122 140 140 152 170 181 201 220 226 Legend: From previous Year Reduced inventories Increased sales Electricity policy Payables policy 3.2 P/L Forecast for Y+1 (2015) P/L forecast (Y+1) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales revenues 55 58 62 68 58 56 60 62 65 68 71 75 Cost of sales -29 -31 -34 -36 -28 -26 -30 -31 -35 -36 -37 -39 Salaries wages -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Electricity -9 -6 -5 -15 Other overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Total expenses -42 -44 -56 -49 -41 -45 -43 -44 -53 -49 -50 -67 Profit 13 14 6 19 17 11 17 18 12 19 21 8 3.3 Cash Budget for Y+1 (2015) Cash Budget (Y+1) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trade Receivables 74 55 58 62 68 58 56 60 62 65 68 71 Trade Payables -37 -39 -29 -31 -34 -36 -28 -26 -30 -31 -35 -36 Salaries wages -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Electricity 0 0 -9 0 0 -6 0 0 -5 0 0 -15 Total payments -50 -52 -51 -44 -47 -55 -41 -39 -48 -44 -48 -64 Cash Surplus 24 3 7 18 21 3 15 21 14 21 20 7 Opening balance 226 250 253 260 278 299 302 317 338 352 373 393 Closing Balance 250 253 260 278 299 302 317 338 352 373 393 400 3.4 Effects of Initiatives on profitability and liquidity There is more cash available for spending on other business opportunities such as: Pay off a loan; Take advantage of new opportunities; Adoption of new technologies; Increased efficiency on operations. Implication of new assumptions for Y+1 as well as consideration of the changes that were applied in the Y-0 eventually allowed achieving positive results for the company. First of all, when comparing cash budget Y-0 and Y+1 it becomes possible to see that due to the introduction of new proposals overall expenses within Y+1 were maintained relatively close to expenses within Y-0. Moreover, assumptions that were set for the Y+1 allowed further increasing the overall profitability of the company and achieving final amount for closed balance of 347. Furthermore, implications that were introduced in Y-0 and were present in Y+1, such as electricity costs policy and supplier policy, also made a significant impact in terms of boosting the overall performance of the business during the Y+1 period. All in all, initiatives that were proposed and incorporated proved to be efficient and had a significant impact on the companys performance. 4. Conclusion Taking everything into account, all the implementations that were made within Y-0 and Y+1 have proven to be successful in terms of allowing the company to expand its capital. As it can be seen from the calculations provided in the report the company experienced a steady growth of shares which can be used as a support to the previous statement. Finally, the decisions which were made regarding Braemer Shipping Ltd created a positive effect on the business simultaneously setting the ground for the companys future expansion. Reference List Hanjin Shipping (2015) Business Report Hunter L. (2017) Lecture, Available at: (Accessed: 10 March 2017) JOC (2016) Hanjin Shipping Bankruptcy, Available at: http://www.joc.com/special-topics/hanjin-shipping-bankruptcy (Accessed: 2 February 2017) Paris C. and Nam I.-S. (2016) Move by South Koreas Hanjin Shipping Roils Global Trade, Wall Street Journal, Available at: https://www.wsj.com/articles/troubled-hanjin-shipping-to-sell-healthy-assets-to-rival-1472611190 (Accessed: 2 February 2017) Subramanyam K. R. and Wild J. J. (2009) Financial Statement Analysis, 10th edition, McGraw-Hill/Irwin: New York Matassa F. (2011) Museum Collections Management: A Handbook, Facet Publishers

Factors that Negatively Effect Fetal Development Essay -- essays resea

Factors that Negatively Effect Fetal Development Nicotine and drugs can affect a fetus by entering into the bloodstream of the unborn child. While you are pregnant, almost everything you eat, drink or smoke passes through your body to your baby. That is why drugs taken during pregnancy can be harmful to your baby. The word "drugs" doesn't only mean illegal drugs. It also means legal drugs and prescription and over-the-counter medicines. The use of alcohol, tobacco, and other drugs during pregnancy continues to be a leading preventable cause of mental, physical, and psychological impairments and problems in infants and children. A developing fetus really is a part of its mother, sharing oxygen and nutrients through the umbilical cord and across the fluid-filled bubble known as the placenta. It was once thought the placenta as a natural filter, shielding the fetus from external harm. Today, we know that virtually everything in a woman's bloodstream passes through to the developing organs of the fetus. Since a fetus can't remove harmful substances on its own, all the drugs a woman uses during pregnancy stay in its body longer than they do in mom's -- and at higher, more toxic levels. Main risks of smoking during pregnancy include: Delayed Growth. The more a woman smokes, the less her baby grows. Twice as many babies weighing less than 5 pounds are born to smokers as to nonsmokers. Premature Birth: Pregnant smokers are more likely to suffer bleeding, damage to...

Is Mass Media Harming our Society? Essay -- Media Dangers, Internet, TV

In today's society, mass media, including television, radio, and newspaper or magazines have become very dependable sources to so many people. People spend many hours everyday reading about celebrities in the tabloids, watching biased news channels, or participating in violent video games. Even though most media is highly entertaining, people have become so reliant on media that we seem to be harming our community in a very negative fashion. Mass media works as a socializing factor and affects the way we view the world and how we interact with other people. However, the messages that are seen in most of the magazines these days are negative images, especially for the youth of the world. For example, on the front page of popular magazines such as Teen and Cosmopolitan, are celebrities whom are extremely thin and suffer from eating disorders or celebrities who are abusing drugs and alcohol and getting away with it. Both of these situations are extremely popular topics, especially in high school and college, and there is no reason we should be advertising it on the front page of tablo...

With close reference to the text explore what the stories of Crooks :: English Literature

With close reference to the text explore what the stories of Crooks and Curley's wife reveal of the attitudes, culture and society amongst farm workers in 1930's America. With close reference to the text explore what the stories of Crooks and Curley's wife reveal of the attitudes, culture and society amongst farm workers in 1930's America. In 1930s America there was a Great Depression and people were finding themselves without work. Many flyers were sent out to the unemployed telling them that there was work in California. Hundreds travelled to California, hoping to find work but soon found that the employers had lied and there were few jobs to be found. 'Of Mice and Men' is a story about two men called Lennie and George who are migrant workers that travel around California trying to make themselves enough money to buy a small plot of land. The reasons that they have not settled anywhere is that Lennie is often getting them in trouble and they are forced to leave and find work elsewhere. Lennie is a simple minded character, who has the mind of a child in the body of a man. Although Lennie is lacking in brains he makes up for it with his strength and has a unique combination of strength and innocence. Lennie's simple mind means that he relies heavily on George, who is wise and intelligent. George is a good judge of people's characters and a good worker; he is modest and doesn't want any trouble. George takes a lot of responsibility for Lennie and tries o teach him to control his strength and keep him out of trouble. In the end George has to make an important decision about Lennie and there is no way to change the results. Although George and Lennie are the main characters in the book I will be concentrating on two minor characters, they are Crooks and Curley's wife. Although they seem to be less important than George and Lennie they are the most successful at showing us the culture and attitudes of the people in the 1930s. Crook is mainly effective at showing societies opinions on cripples and those of a different race, whilst Curley's wife portrays the situation of women. Together I am able to obtain a considerable amount of information on attitudes, culture and society amongst farm workers in 1930s America. The character of Crooks plays an important role in the book 'Of Mice and Men' because Steinbeck is able to show through Crooks the racial situation of the time. By using a character to portray attitudes towards others of a different race, Steinbeck can include the feelings

An Analysis of My Fair Lady

HIS first big number, â€Å"With a Little Bit of Luck† was hilarious, and I think I enjoyed It more than â€Å"Get Me to the Church on Time† even though the latter Is the song you first think of associating with his character. HIS two dustmen friends were perfect as well, the three of them did the funniest little gig and the harmonize they did on the refrain was spot on. Scarcest sounded so exactly like Rexes Harrison it gave me chills. I have seen the 1964 film version of My Fair Lady eternally hundreds of times, I'm pretty sure I wore out the VS. version that my parents had when I was very young.I can hear Harrison reciting some of the most famous lines in my head. When Scarcest said â€Å"She's so De-Al-callously low, so HO-rivalry dirty,† the hairs on the back of my neck stood up. The best number that Higgins did was probably â€Å"I'm an Ordinary Man†. The orchestra was fabulous especially In that song. â€Å"Vive Grown Accustomed to Her Face† has to be a close second. Aurora Florence played Elise Doolittle. Just because she wasn't my favorite character In this particular reduction does not mean she wasn't wonderful, because she was.She obviously worked very hard on her accents, and really she had the most work in that area to do since she had to learn both a Cockney accent and a proper English one. There was a few times where her Cockney fell flat, however. It seemed like she was concentrating too hard on the most â€Å"important† lines (â€Å"I washed me face an' ‘ands before I come, I did†, â€Å"C'mon Dover, move hay blooming' ears†) and I became aware that she was doing an accent, which is exactly what you don't want to happen, it breaks the magic. That Ewing said, Ms. Florence has a beautiful singing voice and played a very touching and convincing Elise.The costumes were unbelievable. All of Elijah's costumes were replicas of the costuming done in the film version. Even down to the flower girl outfit and the green skirt and white blouse that she wears In the â€Å"The Rain in Spain† scene. I didn't really realize It until the scene at the Ascot racetrack when Elise emerges In that white dress with the horizontal black and white ribbon and the enormous feathered hat. I'm pretty sure I squealed. My favorite costume of Elijah's is of course en gown Tanat seen wears to ten Massey Ball Ana ten costume gleaner 01 disappoint.The Jewels dripping from Elijah's neck, ears, and wrists (not to mention that gorgeous tiara) seemed even more dazzling in the bright stage lights than they did in the film version. To summarize, this was the best production that Vive seen outside of Chicago or SST. Louis. I would argue that it was done as well or better than most of the productions Vive seen at the Lyceum as well. Big League Productions has its own website, and is touring extensively all over the country. If you get the chance to see this play, Jump on it.

Letters of application and complaint

Dear Dir. Orr: I am writing with enthusiasm after discovering your Swim With Mike scholarship that provides financial resources for advanced education to physically challenged athletes so that they can overcome their tragedies and realize their full potential. The name of the scholarship is what really grabbed my attention, because I was a four year varsity swimmer for Blue Valley High School, and am now bound to a wheelchair. Swimming was one of the most Important things to me before my accident I have a rather diverse athletic background; before I even thought of swimming to be my sport, I ere up as a football and baseball player.Winning tournaments, receiving trophies with my team mates , and earning medals was part of my childhood. It wasn't until highlights that I became a swimmer, and I walked onto the varsity team after the coach described my stroke as natural and the swimmers Joked that I was a prodigy. We won state that year and the following year. Being a part of that Inspi red me to work harder than I ever Imagined possible. I Invested myself In and out of season on a goal of breaking the school's 100 yard breaststroke record after two of my mates came within a tenth of a second at the past two state championships.Lifting weights really helped me take my swimming to the next level; because I was shorter than most of my competitors, my coach emphasized that I put on more lean muscle mass. After gaining 30 pounds of muscle in an a year and a half, I broke the school record by a second and a half at the state championship my senior year. There Is no better feeling than completing a goal that you have been focused on for years. Three weeks after I broke the school record, I dove into the ocean in Playa delCarmen, Mexico and broke something tragically different – my 5th cervical vertebra. I am now paralyzed from the chest down, but there is no way that I am going to let that stop me from accomplishing my goals and reaching my dreams, Just as I did i n the pool some short time ago. This Is why the Swim With Mike scholarship would benefit me so well; when I set a goal, I do what It takes and I never give up. I respectfully request your consideration of my enclosed application for the swim With Mike Scholarship. Sincerely, Alex Dear Icing Customer Service:I would Like to file a complaint and better learn about the process for filing an appeal on a recent claim. I made a claim on May 1 5th, 2014 for a specialty commode shower chair costing $3,220, and was denied for the reason that Icing did not see it as being medically necessary. In the following paragraph I will explain why this shower chair is medically necessary due to the level of my injury. My morning routine consists of a transfer using a sling and a powered lift Into my toilet for a bowel program. This can take anywhere from an hour to two hours.If I didn't have my shower chair I would have to transfer to my wheelchair, transfer to a shower bench, transfer back to my wheel chair, transfer onto a toilet, transfer back to my wheelchair again, and then finally transfer back into bed to change and finish my morning routine. This would take more than three hours. As a C-5 quadriplegic without full functionality of my arms, little functionality of my wrists, and no functionality of my fingers, trunk, or legs, doing six transfers would tire me out before I would even get out of my room to start the day.More importantly, with my limited mobility and no abdominal control or balance, it's not possible for me to sit on a shower bench without falling. I have always been pleased with Icing and have been thankful for good insurance through this time of adjustment since my injury on March 17th. This adjustment would be made easier if I could be reimbursed the $3,220. I respectfully submit my complaint of your denial of my claim for a shower chair and ask for your consideration of my unique situation and direction on filing an appeal. Sincerely,

The Theory of the Contestable Market

The theory of contestable markets, along with the static and dynamic views of competition, are used as theories to analyse how markets perform. The static view focuses on the structure of the market as the determining factor of competition, with the dynamic view focusing on dynamic aspects such as technology and entrepreneurship. The contestable markets theory has a different focus, focusing on the importance of barriers to entry and exit. Nonetheless it does incorporate features from both views.More importantly it shifts the focus and provides new insight into the workings of competition. The two differing views of competition will be examined, followed by an examination of the contestable market theory, concluding with an analysis of the degree to which there is synthesis. Static view of competition The static view of competition focuses on the market structure as the key determining factor in the performance and behaviour of firms. It is the neoclassical approach of competition, o rigination from the work of economist’s Cournot and Edgeworth.This traditional view sees market structure as rigidly determining firm's conduct (its output decisions and pricing behaviour), which yields an industry's overall performance, such as its efficiency and profitability. Firms limit their behaviour to a certain industry model or strategic logic that is built on frequent price cuts, in order to out-compete rivals and deter entry. An industry is considered competitive depending on its market structure. At one extreme is perfect competition, which is considered perfectly competitive. At the other extreme is a monopoly structure, with a sole producer, characterised by low competition.In between the spectrum is an oligopolistic structure, and a monopolistic structure. These structures embody less competition than in perfect competition, but more than in a monopoly situation. The characteristics of competitive markets are thus large number of firms, or in other words a low concentration ratio. The number of firms is determined by the market demand and the output level set at that which minimises average cost. As the number of firms that enter the industry increases, firms become price takers rather than price makers, and they are forced to apply the price that is set in order to survive in the market.They thus receive normal profits, as opposed to abnormal profits when the market structure was more concentrated (please refer to figure 1 below). Fig 1 Thus the organisation of industries is considered to be generated exogenously. Therefore the market concentration decides the nature of competition within each market. The static view of competition thus concentrates on the structural characteristics of competition, with a ‘structure-conduct-performance’ based paradigm, in which market structure decided conduct of firms, deciding their performance.The static competition approach excludes non-price competition, such as quality and product diff erentiation, and strategic behaviour which does occur. This view of competition has been criticised for ignoring the more dynamic methodology of competition, which will now be analysed. Due to the importance of market share in the static view of competition, the resultant policy implication calls for regulation of markets, in order to ensure low marker concentration, in order to move towards perfect competition, and its associated benefits. (Schwartz 1986). Dynamic view of competitionThe dynamic view of competition revolves around the role of the entrepreneur and firms using innovation to compete with their rivals. The neo-Austrian school of thought, in particular, Schumpeter, and those economists influenced by it have been redefining the concept along classical lines, although with a much greater emphasis on the entrepreneurial role, the role of discovery, and rivalrous competition. Performance in industries is argued to be characterized by dynamic competition, expressed through in novation and variation rather than through efficiency and price reductions, which is the case in the static approach.This view portrays competition as a process of change and evolution rather than a static state in which equilibrium will be reached. Hayek, a main architect of this approach, defines competition as a dynamic behavioural activity. Central to this activity is knowledge, how it is acquired and communicated through the economy. He criticises the neoclassical assumption of perfect knowledge, with the view that costs are not a given, and so not exogenous. Competition is a process of interaction with the environment, in which innovation, such as new methods of production and new products, are a response to the unique situation of the economy.It results in the optimal use of resources. (Auerbach 1988) Alchian believes that there is a natural selection process which results in a competitive outcome. Such competition depends not only on the physical possibilities but also the a bilities and attitudes of participants, the entrepreneurs and consumers. It therefore argues for property rights, as to increase the level of competition, forcing companies to undergo research and development and to innovate, in order to survive.For competition to be improved and sustained there needs to be a genuine desire on behalf of entrepreneurs to engage in competitive behaviour, to innovate and to invent to drive markets forward and create what Schumpeter famously called the â€Å"gales of creative destruction†. (Vickers, 1995, pp15). In the classic dynamic view, it argues that there is a tendency for rates of return to equalise, due to profit seeking behaviour, and the movement of capital from low profit areas to that of higher profit areas. However equilibrium may never be reached.Before the tendency for equalisation, the economy may have changed, such as the structure of demand, or the available technology, and products may have evolved. The general criticism of the dynamic view of competition is that is lacks the simplicity and decisiveness than the static view of competition. The policy implications of the dynamic view of competition is less concerned with regulation of markets, instead encouraging property rights in order to allow firms to benefit from their own research and development, allowing for technological advancement, and the ensuing competition.Theory of the contestable market The theory of contestable markets describes how competition will exist in any market if there are no barriers to entry and exit, as firms will be forced to act competitively in fear of new firms entering the market. The contestable markets approach to competition represents an alternative to the neo-classical theory of the firm. It came to prominence in the early 1980s, largely through the work of the American economist Baumol. The threat posed by the possibility of new firms entering the market is taken to be a key determinant of the behaviour of existing f irms.Accordingly, barriers to entry and exit play a crucial role. Its fundamental feature is low barriers to entry and exit; a perfectly contestable market would have no barriers to entry or exit. This means no sunk costs. Sunk costs will be low where the firm can sell or in other ways dispose of its capital equipment without cost. For example, a new airline might lease aircraft rather than purchase them and can then leave the industry at the end of the lease period without the costs of having to sell its aircraft.Contestable markets are characterized by ‘hit and run' entry, whereby if a firm in a market with no entry or exit barriers raises its prices above average cost and begins to earn abnormal profits, potential rivals will enter the market to take advantage of these profits. When the incumbent firms respond by returning prices to levels consistent with normal profits the new firms will exit. In this manner even a monopoly market can show highly competitive behaviour (suc h as in perfect competition), as it fears potential competition.Such optimal behaviour applies to the full range of industry structures. Natural monopolies are of course not included in such a theory, as by its nature barriers to entry and exit exist. In this view of competition, the direction of causation between the market structure and competition is reversed from that of the static view. The theory of contestable markets sees contestability as influencing the performance and conduct of firms, and thus deciding on the resultant market structure.Perfect contestability would lead to firms earning normal profit, embodying cost-minimisation behaviour, resulting in a cost-minimisation structure (P=MC= AC), whatever the actual form of the market structure. Thus, the market structure is determined by the price and output decisions, or the behaviour, of firms. In a perfectly contestable market, there would exist profit equalisation across firms and industries, such as in perfect competit ion, even under market imperfections, such as a concentrated structure. Under a contestable market there would be maximisation of consumer welfare due to cost and price minimising.Contestable markets would also result in optimal firm sizes (economies of scale), product-mix (economies of scope) and industrial organisation (dynamic efficiency). Compared to the static view of competition, the contestable market views is not so much competition within the market, but competition for the market. Attention has been shifted away from actual competition to potential competition. Critics of this theory includes the argument that perfectly contestable markets are rare, and thus should only be applied to specific cases.It is true that perfect contestability is an extreme, and should be viewed as a benchmark rather than the norm, but the same applies to perfect competition in the static view of competition. (Schwartz 1986). More empirical research is needed on the extent of free entry and exit. Criticism has also been placed upon the reaction time of incumbents as new firms enter the market, which is also a hotly debated subject. Contradicting assumptions of ultra-free entry and the response of firms is another criticised aspect of the theory. (Shepherd, 1984, pp585)In terms of policy implications, the theory suggests that competition policy should be as much concerned with the levels of barriers to entry and exit in a market as with existing levels of competition. Synthesis? There is much debate as to whether contestable market theory is a synthesis of the static and dynamic views of competition. Some observers comment that the theory may even be an uprising from the traditional theories (Baumol, 1982), and to the other extreme where it is a mere extension of the traditional theories of competition.The theory of contestable markets incorporates important concepts from the static view of competition. The relationship between market structure and competition is a major fac tor in contestable market theory as it is in the static view, however in the former, as stated earlier, the causation is reversed. So the relationship is still key, albeit with market structure being dependent upon its firm’s behaviour. Furthermore, barriers to entry and exit, which are important in the static view in terms of its negative effects in allowing incumbents to earn economic rent, are of prime importance in the new theory.Although the new theory turns it on its head and focuses on the positive effects of removing barriers, and the resultant competition that comes with it. Barriers are thus significant market determinants. Thus for some contestable market theory provides a static equilibrium theory of industry structure which is generally more applicable than before. The theory also points towards some dynamic interpretation of markets. Firms are able to enter on an ongoing basis, constraining market behaviour of incumbents.The degree of contestability of a market can change over time with technology, regulatory breakdown, or changes in other barriers altering the entry and exit conditions. An incumbent pricing optimally can protect them self against new entrants using the same technology, but can’t protect against innovation or technological advancements. Furthermore, the threat of competition should lead to a faster rate of technological diffusion, as firms have to be particularly responsive to the changing needs of consumers. Thus dynamic aspects of competition are also important in the new theory.Baumol et al have argued the contestable theory as a new general system to replace the original static and dynamic views of competition. However their analysis should only be treated as a specialised, extreme set of conditions, which are unlikely to be found in reality, due to rigid assumptions of contestability theory. Some have even argued that little has been added to the pre-existing entry and exit analysis. (Shepherd, 1984). Conclusio n Contestable market theory is an attempt to impose a dynamic mechanism upon a static equilibrium analysis, thus providing new and valuable insights into competition theory.It offers a host of new analytical methods, new tasks for empirical research, and new results. It allows the reconsideration of the domain of the invisible hand, yields contributions to the theory of oligopoly, provides a standard for policy that is far broader and more widely applicable than that of perfect competition, and leads to a theory that analyses the determination of industry structure endogenously and simultaneously with the analysis of the other variables more traditionally treated in the theory of the firm and the industry.It aspires to provide a unifying theory as a foundation for the analysis of competition. The theory manages to blends in some aspects from both the static and dynamic analyses of competition, however shouldn’t be seen as an overarching theory. It embodies a different focus t o the two traditional views of competition, as already mentioned. It should be applied to unique situations, on which the assumptions of the theory are built. The new theory provides for a new dilemma rather than the final solution.

Genetically Modified Foods Essay

The term GM (genetically modified) food has gained controversy in the last few years, but in the first place we have to understand what GM food is and how it works, the term GM foods or GMOs (genetically-modified organisms) is used when we refer to crop plants using different molecular biology techniques or methods to change their properties, such as to enhance their resistance to herbicides, improve nutritional content, and other properties. This seems great, but why there are people who disapprove the development and consumption of GM foods? Modifying plant genetics can have many benefits, because of the use of precise and accurate molecular techniques, the main difference between traditional breeding techniques which are not so accurate and need more time to develop, are the molecular methods that are used to modify plants. Genetic engineering can change plants genes in a short time, for example taking out a plant gene that gives low temperature resistance to the plant and insert it into another plant. The uses and varieties we can achieve are immense and can end with great results. â€Å"The world population has topped 7. 5 billion people and is predicted to double in the next 50 years. Ensuring an adequate food supply for this booming population is going to be a major challenge in the years to come. GM foods promise to meet this need in a number of ways† (B. Whitman, 2000). The most common uses of genetic engineering in plants are herbicide tolerance, disease resistance, cold tolerance, drought & salinity resistance, nutrition, pharmaceuticals, etc. It could help even to stop malnutrition and in some years to reduce world food shortage, because the possibilities are wide. Why do people not approve of the use and consumption of these products? â€Å"Environmental activists, religious organizations, public interest groups, professional associations and other scientists and government officials have all raised concerns about GM foods, and criticized agribusiness for pursuing profit without concern for potential hazards, and the government for failing to exercise adequate regulatory oversight†. (B. Whitman, 2000). The principal reasons people disapprove GM foods are given in three main oppositions are separated into three categories, and they should not be concealed , first of all the environmental hazards as harming other organisms, reducing pesticides or herbicides effects and wrong targeting in genetic transfer (wrong species); also the human health stability and the risks genetically modifications and engineering can cause and finally the economic implications of the development and studies GM foods require. Currently, science is fastly evolving and the entire world is part of it and has to decide about changes. This is a subject we cannot be shelved. The problems GM foods may cause needs to be solved and improve constantly, because we are currently looking for solutions to the future and this may be one of them. So the challenges need to be solved and overpassed, with the required caution of avoiding damage to humans and environments, but it is clear we cannot ignore this enormous and potential technology â€Å"Genetically-modified foods have the potential to solve many of the world’s hunger and malnutrition problems, and to help protect and preserve the environment by increasing yield and reducing reliance upon chemical pesticides and herbicides. † (SC-S. SI) Sources ACS SYMPOSIUM SERIES. (1995, August). Genetically Modified Foods . Retrieved Noviembre 2013, from Safety Issues: http://pubs. acs. org/doi/pdfplus/10. 1021/bk-1995-0605. fw001 B. Whitman, D. (2000, April). Genetically Modified Foods: Harmful or Helpful? Retrieved November 2013, from http://www. csa. com/discoveryguides/gmfood/overview. php SC-S. SI. (n. d. ). GENETICALLY ENGINEERED FOOD †¦ Is It Safe to Eat? Retrieved November 20, 2013, from http://www. sc-s. si/blog/wp-content/gm-foods-zp. pdf.

Personal statement Example | Topics and Well Written Essays - 250 words - 8

Personal Statement Example I joined the National Academy of Public Administration in Viet Nam for a Bachelor of Public Administration in 2006 to help attain this dream. In the same year, i undertook a course in computer programs to help sharpen my computer skills. It was during this period that my communication skill, interpersonal skills and research skills were enhanced. I learned to conduct research, train new comers, solve office and technical problems as well as organize for volunteer activities. This greatly exposed me to both the internal and external environment thus helping me adapt and manage the pressure from both. Not only that, it equipped me with good interpersonal skills and helped me to integrate with people from all over the world, thus I learned to appreciate the various cultures and practices. I gained various honors and prizes that helped me to venture in various activities like in martial arts and in research. I was the class president, which equipped me with leadership skills. La ter, I joined Texas A&M University – Corpus Christi, U.S for a Master of Business Administration and Master of Accountancy to increase my knowledge. The campus is great and through it am improving greatly I now chair the organization for Viet Nam students and take part in research. My intent is to reach higher goals and attain good grades and so set an example to the rest of my peers. It is for this reason that I seek to study in your campus under the scholarship program as it will not only fulfill this dream, but it is also better equipped with the right material for my course. The scholarship will fulfill my dream of a better campus besides providing a good and conducive environment to better my career. I hope that my request will be

Business to Business marketing report Essay Example | Topics and Well Written Essays - 2500 words

Business to Business marketing report - Essay Example This figure shows how the company is progressing and has a good position in the market (Ellis, 2010). Hilti believes more on innovation rather on corporate acquisitions or of technology. Hilti follows â€Å"Champion 3C† strategy which means Customer, Competence and Concentration. They believe that customers are the key word for profitability and growth. In order to satisfy the customers, they have to fight with different competences. Companies’ model states that culture and people are the main element for the company. They say that product can be copied at any time but people and culture are always unique. Hilti’s product, market and channel management strategies are the â€Å"Product Portfolio Management†, â€Å"Market Research† and â€Å"Operational Excellence†. Hilti like other companies wants their product to lead the market (Ellis, 2010). A lot of market research is been done by the company so that products can be designed according to customer needs. Starting from research and development to after sale service is the motive of the company. The way Hilti design its market research program clearly defines that they only want customer benefits and value added products and services for them. To improve their internal employee’s efficiency and increase customer satisfaction level, they are operating their business function on a world wide area. Hilti has a leading position in most of their markets like power tools, fastening devices, construction related equipments and many related services. To grow faster than the market, the company increased their sales in 2012 (Ellis, 2010). Hilti has competitors like Black & Decker, Illinois Tool Works, Stanley Tools, Techtronic Industries, Bosch, Makita, Hitachi Power Tools, Wiirth, ITW Red head and Fischer (Ellis, 2010). Hilti was different from its competitors in customer groups, product categories and distribution systems. Hilti deliver their products through direct

Advertising Paper Essay Example | Topics and Well Written Essays - 250 words

Advertising Paper - Essay Example ommercial media advertising can bring out the unique taste and natural additives such as fruit nuts differentiating the product from other chocolate brands. Starbucks coffee is a branded product that can be differentiated through advertisements based on hidden differences. Starbucks coffee may look and taste the same as any other brand, but the unique preparation recipe of artificial sweeteners different. The combination of social media, internet, and out-of-home advertising can be used to inform the consumer on the unique recipe to achieve the hidden difference of Starbucks coffee. Wall Street Network Solution provides telecommunication services that can be differentiated through advertisements based on induced differences. Each telecommunication offers similar services, but Wall Street Network Solution has sponsored and helped financial institutions grow making it unique from similar service providers offering networking services. Advertising campaigns and special event sponsorships can be used to portray the induced differences in that the service is not only focused on only providing networking services to the financial community, but also provide support. Additionally, support provided by the service feature in most newspapers forming a part of advertising that indicate favorable publicity; hence, most consumers would choose the service given its uniqueness bringing about induced

Nursing Quality of Care Essay Example | Topics and Well Written Essays - 2500 words

Nursing Quality of Care - Essay Example All of this has to occur in a very fast ways, keeping in tandem with the pace of the world, the rapidly changing environment that provides little time for reflection. (http://www.nursing.gr/theory/theory.html) (1) (Carol, Susan, 2004) (2) As with the any other field, in nursing profession also new information in the form of research findings are constantly incorporated in the nursing practice. Here the nurses are considered as the critical link between clinical practice and incorporation of research based changes into it. Health care organization, now realizing the need of the hour are trying to create a mechanisms that facilitate the process of information translation from literature into practice effectively. The tremendous inflow of clinical research and easy accessibility of research findings have paved way for a paradigm shift of traditional intuition drive practice to evidence based practice. Although several researches have been undertaken in the way to incorporate evidence based changes in practice, the Rosswurum and Larrabee's "Model of nursing care quality - A model for change to evidence based practice " reigns as an important theory. Based on this many patient outcome based researches has been done, their results paving way for increased quality of health care practices and increased level of patient's satisfaction. The theory of quality of caring nursing, was proposed by Rosswurum and Larrabee, in 1999 as a model for guiding the fraternity of nurses through an orderly systemic process to incorporate the changes, thus modeling it into evidence based practice. This is an six-step model for evidence based practice. It can be described as a theoretical model of quality that is based on a world wide organismic view that renders a framework for better understanding of health care quality. This model encompasses both ethical and economical concepts, giving importance to virtues as value, beneficence, prudence and justice. This model is highly important in present world as it enlightens the concept of patients and families acting as equal partners, complimenting each others in defining, evaluating and achieving health care quality. I feel that this model is important, as it doesn't ends in itself but helps in development of many mid range theories that can be applied in practical nursing, ultimately p aying way for improvement in quality in both ethical and economical manner, giving it a wholesome view.(www.nursingtheory.net) (4) I selected the quality of nursing care as my theory, as the main focus of this theoretical model is to analyze how quality, that is used as a crucial component affects outcome - patients satisfaction. As it is well known, patient's satisfaction with in health care as become a key quality indicator. It is a patient's perceptive that affects how one determines whether a good nursing care is a achieved or not. It can be understood, the patients satisfaction is ultimate goal and result of any health care practice. This model, which is originated from nursing discipline, recognizes that the translation of research into practice can be achieved only through a solid grounding in change theory. The Rosswurum and Larrabee's conceptual frame work 1999 was used to adapt the existing medical evidences based practice to an approach that incorporates an focus on nursing phenomenon, with ultimate goal of teaching nurses the evidence based

CZ56 Critical Evaluation of Current Integrated Marketing Essay

CZ56 Critical Evaluation of Current Integrated Marketing Communications Practice - Essay Example First and foremost, most car manufacturers have been forced to adopt a whole marketing picture. Basically, this implies that the market is not a singular unit and the various entities within it have to be given attention to (Aaker, 1997). Secondly, the car manufacturing companies have been forced to re-align their communications and approach things from a consumer viewpoint. This has enabled car manufacturing companies to respond to the various demands of prospective customers (Bagozzi & Dholakia, 2002) Integrated marketing communication has made it possible for automobile companies to achieve different goals at the same time. This in turn enhances their standing in terms of credibility, positioning, network creation, and creating trust among the various prospective clients (Benkler, 2006). This form of communication has also made it possible for companies to conduct corporate social responsibility efficiently. It is also worth noting that innovative marketing strategies have been necessitated by changes in consumer trends. Most clients today are smarter and more sophisticated. These attributes also implies that they are hard to delight (Barwise & Meehan, 2010). Most prospective clients today demand commodities, which are custom made and increasingly adaptable. Thus, there is a need for maximum differentiation that will appeal to the varying needs of various consumers. Understanding a target market is important for any business entity. Failing to properly comprehend a target market can put a huge dent on the prospects of any given company (Castells, 1996). During the pre-launch of the Fiat 500 car, the company did an analysis of the market and realized that most of the potential consumers were relatively young and sophisticated. Thus, the marketing strategy was informed by this demographic of people. The strategy that was adopted by the

Comparative Analysis Essay Example | Topics and Well Written Essays - 1000 words - 2

Comparative Analysis - Essay Example Philosophers like Peter Singer have adopted utilitarian viewpoints in order to justify a strongly favorable position to animal liberation and a respect for the environment. After all, it was Jeremy Bentham, John Stewart Mill’s family friend, who said of animals, â€Å"the question is not ‘can they reason’, and not ‘can they talk’ but ‘can they suffer’?† John Stewart Mill’s piece â€Å"Nature† discusses the extent to which human beings can listen to and derive moral truths from nature alone, and whether it is indeed a valid source for such information. Mill looks critically at claims made by philosophers throughout time and space that human action must conform to some underlying Law, a supreme ruler and ultimate standard. He ultimately concludes that acting in accordance with any just natural laws is a physical impossibility and therefore the concept itself an absurdity. The word â€Å"nature†, whatever it means, does not confer any normative principle, whether it is endorsement or disapproval. Nature simply is what is, and not what ought to be. â€Å"Nature,† Mill writes, â€Å"cannot be a proper model for us to imitate. Either it is right that we should kill because nature kills; torture because nature tortures; ruin and devastate because nature does the like; or we ought not to consider what nature do es, but what it is good to do† (Mill, 2007). This passage encapsulates perhaps what is most significant about Mill’s essay. Holmes Rolston, in â€Å"Humans Valuing the Natural Environment† broaches this same topic by quoting Barry Commoner’s â€Å"third law of ecology†, which says Nature knows best (Rolston, Humans Valuing the Natural Environment, 1989, p. 32). This is the inversion of Mill’s thought that nature has no place in guiding human action. It states simply because human beings value nature in some sense such means they ought to follow nature accordingly. Rolston

Role of Entrepreneurs in Organizations Essay Example | Topics and Well Written Essays - 2000 words

Role of Entrepreneurs in Organizations - Essay Example An entrepreneur is a person who organizes and mobilizes resources-people, money, skills, ideas and market to create something that did not exist before and which is feasibility profitable.( Academy of engineering, 1978).An entrepreneur according to Drucker(1985) is someone who perceives and exploits opportunities. This implies that an entrepreneurship is a process of creating new and valuable things which includes ideas and converting into a usable product that satisfy a need (Hisrich and Peter, 1985). The increasing importance of entrepreneurship accentuates why small ventures are growing at a faster rate than larger organizations. A similar survey indicates that over the last decade, small ventures created more jobs than the larger which instead, continues to lose jobs (Drucker, 1985). Furthermore, the changes in the business environment such as harsh global as well as the local competition, sudden and unexpected alteration of demand, the rapid acceleration of technological develop ment and increase in risks. Innovation and creativity have become essential for survival, growth and profitability in today’s business world as evidenced in the leadership styles, product and market development strategic moves and innovations and immense creativity. Another feature of that has changed the face of entrepreneurs in an organization is the growing networking. This network can be characterized by increasing market forces, co-operation between firms, collaboration for research and development, subcontracting, outsourcing and strategic alliances that have leapfrogged firm’s profitability and ironed further the roles that entrepreneurship performs in organizations. As no firm can really operate on its own, each depends on the other for survival in the competitive world. Question two There are various types of entrepreneurs. The scope of entrepreneurs is determined by the nature of the business venture, the ‘real’ objective of starting up the busin ess. First, there is a business entrepreneur. This is entrepreneurs who conceptualize of a business idea, start and manage the business. In business arena, they generate noble ideas, exchange goods and services with tailoring all the marketing and brand building to attract and increase the sales volume of their products. They manufacture and innovates new and unique products and services which satisfy the customers’ needs by alleviating the prevailing problems. For instance, Sir Branson of UK serves as an imperative example. Business entrepreneur plans, organize, develop and manages corporate affairs with immense creativity and skill that champion their corporate firms into profitable ventures. For instance, former General Electric long-serving CEO, Jack Welch who stirred the firm into greater heights in performance. Second, there are technology-based entrepreneurs endowed with skill and high technical knowledge in technology. The technical entrepreneur poses high skills in p roduct crafts and focuses mainly on the product design and development so as to supply the market with sophisticated products. The non-technical entrepreneurs focus on the non-technical aspects such as marketing, distributions and pricing strategies to promote the sales of the product while the professional entrepreneurs are the one who creates new technology or an idea and sells to others in form patents and other copyrights. Third, there are motivational based entrepreneurs. First, pure motivational entrepreneur create jobs for other rather than seeking a job for himself. They pose a high desire to create a new venture or an idea that will create jobs and improve the living standards for others. Others in this category include ,induced entrepreneurs who are encouraged by the government to invest in

Kant’s view of freedom Essay Example for Free

Kant’s view of freedom Essay According to The Philosophers lighthouse, Immanuel Kant challenges the idea of freedom generally, saying that it cannot be proven that freedom is inherent in human nature. According to him freedom is a basic concept that must be presupposed for a being to be thought of as rational. He also says that there is a close knit relationship between our thinking on freedom and morality, he says that freedom is present because we have placed upon ourselves moral laws and are confident in their compliance, and that moral laws are present because we have placed upon ourselves the privilege of free will. Therefore, one exists precisely because of the other.   Kant also questions the extent of individual freedom in the presence of a superior power. He was alluding to the argument that complete freedom is to be found within the mental faculty, as one cannot be stopped from thinking within his mind. However Kant challenges this perceived ability of man think for himself, questioning how much and how well man would think, without communicating their thoughts with others. Am much as one might hold an opinion about something, the state might restrict him from expressing this opinion which will negate the purpose of having the opinion in the first place. Therefore as one might argue that their freedom to think cannot be curtailed by a superior power, Kant draws to attention the possibility of the power restricting the individual’s freedom to communicate, which he portrays as having central influence on their thinking. (Cline, 2006) Kant seems to stress here that complete autonomy or freedom is to an extent unattainable, as the one form of personal will that is clearly out of reach of which ever power there might be, freedom of thought, is still under the influence of the same state, albeit indirectly, and concludes with the remark, Freedom is, therefore, only an idea of reason whose objective reality is in itself questionable.   Hegel’s view on freedom Hegel’s take on freedom is that it is the destination of historical human progression, starting with bondage and which is based on rational consciousness. It is where the individuals’ subjective desires are integrated with the desires of the state, where individual will is inferior to that of the state. Hegel demonstrated this theory of freedom by dividing history into three phases, starting with the orient phase wherein only the ruler was free and all other subjects were inferior to him. The people in this period according to him are not aware of the freedom of their spirit, and because of this ignorance, they are not free. Hegel might have been alluding to the emperors of ancient China The second stage, an example of the Greek and Roman civilizations, is where some members of the community, besides the ruler, were free. However in this phase there are certain exceptions to this freedom, citizens are free, slaves are not. The slaves understood this accepted it, as did the Romans. Thus, as in the orient phase, freedom was limited for these people not only because of not having information, but also having the wrong information. The third phase started with the early Christians, who recognized that all humans are free by virtue of being simply human, and through their evangelism spread the knowledge of this ‘freedom for all concept’. This is stage is evident today in contemporary societies, especially democracies which have fundamental freedoms within their constitutions. (Urmson and Jonathan RÃÆ' ©e, 1991) Marx’s view on freedom Marx’s thoughts are predominantly in an economic context, wherein he examines social systems that curtail or encourage personal freedoms. Marx laid out his thoughts in two scenarios.   First, he examines the capitalist society, and its effect on the freedom of the people. According to him, capitalism is a social system that involves workers who ca supply labour and capital owners who employ the workers. These capital owners, due to their economic status also influence the power structure of the state, ensuring that they get the best labour at the cheapest cost from the workers, which in turn means that the workers are completely dependent on the capital owners, as they cannot raise enough to obtain capital of their own. This position taken by Marx portrays capitalism as a social system that is counterproductive as far as propagating human freedom is concerned. He stresses that the workers cannot enjoy any freedom as long as their economic well being is not within their control. The worst evil according to Marx is the illusion that one is actually benefiting oneself when working whereas in reality he is just enriching his employer. Marx then contrasts capitalism with communism, in which the people collectively own the means of production and resources required. He pointed that in this setting one could go about work without the fear of being exploited. Communism, also overcame the problem of monotony characteristic of the capitalist system. (Hallas, 2002) Obstacles to be overcomeKant As mentioned earlier, Kant placed significant importance in the relationship between morality and freedom. Therefore to ensure freedom for all, emphasis is should be placed on the content of our moral codes, its uniformity and objectivity. This is best illustrated when the morals of one community differ significantly with that of another in which there might arise conflict when the more powerful community, either economically or otherwise tries to impose it morals on the other. This would be an infringement of the latter’s freedom. Checks also have to put on the state to guard against its involvement in the private freedoms of its citizens, as Kant acknowledged that the state is in a position of absolute power and can deny its subjects their freedoms. Hegel Hegel’s biggest obstacle to freedom as can be seen in his theory of history is information. True freedom keightwill always prove to be elusive for as long as the person concerned does not understand and appreciate his right to freedom. In most cases that individual’s freedom is being abused there is a lot of ignorance on the part of the abused. This ignorance may be voluntary or induced, is which the superior power will deliberately keep the subjects in the dark to ensure that they never harbor any thoughts of autonomy. Any effort to liberate those suffering oppression should specifically target their education on their right to freedom, as this will ensure that they have the capacity to demand for their freedom.   Marx Kamala Sarup in her article Capitalism Vs Communism: Lessons From History, expresses Marxs case as more complicated as both of his insights have negative and positive elements. On the one hand, capitalism is known to increase the entire community’s wellbeing through the incentive of competition, and one receives benefits proportional to their contribution. When one is working exclusively for one’s sake, he is bound to work harder. To remove the risk of contradiction, even when employed one still enjoys the his entire effort by himself however meager the pay may be. This is in contrast to communism, wherein the production is shared equally among all the people irrespective of their contribution to production, a situation which might lead to some people living off the effort of others. On the other hand capitalism often results in the majority of the resources being distributed amongst a few individuals, a situation that is effectively taken care of in a communist arrangement. The best policy is therefore a mixed society, where all or most of the advantages of both systems can be inculcated.   Ã‚  Conclusion The best strategy according to me appears to be Hegel’s approach. This is because Kant’s method appears to be too vague and technical for common people to grasp whereas Marx’s is filled with contradictions that could potentially complicate efforts to establish freedom for all. In addition, Hegel’s solution seems to answer the questions raised about by the other two theorists or example, informed communities are better placed to evaluate reform and formulate their moral codes, which according to Kant are interdependent with freedom. Informed people can also identify instances when the state infringes in their right to freedom and take the necessary steps to rectify the situation. An informed society will also be able to decide on relative benefits and costs of each of the systems discussed by Marx to come up with one that is comprehensive and takes into consideration the needs of all parties concerned. References Cline, Austin. Your Guide to Agnosticism/Atheism.  Ã‚   http://atheism.about.com/od/weeklyquotes/a/kant01.htm Hallas, Duncan. The legacy of Karl Marx Viewed on 15th March, 2008 http://www.socialistworker.org/2002-2/423/423_08_HallasOnMarx.shtm The philosophers’ lighthouse. Hegel’s thoughts on freedom. Viewed on 15th March, 2008 : http://library.thinkquest.org/18775/hegel/freeh.htm The philosophers’ lighthouse. Kant’s thoughts on freedom. Viewed on 15th March, 2008 : http://library.thinkquest.org/18775/kant/freek.htm Urmson, J. O. and Jonathan RÃÆ' ©e, (1991) ed. The Concise Encyclopedia of Western Philosophy and Philosophers.   London: Unman Hyman. Capitalism Vs Communism: Lessons From History. Viewed on 15th March, 2008   http://www.scoop.co.nz/stories/HL0504/S00007.htm

Library system Essay Example for Free

Library system Essay Chapter I Introduction The world of Information Technology transformed and made the life of human beings easier through the innovation of different machines and software applications. Faster and reliable sources have been offered by search engines which are all over the web. But even though this is the case, many schools and universities are still requiring their students to use library materials in their researches and school works. From the statement of purpose, the compute’rized library system: meeting information needs of the people of Saint Michael College of Caraga, Nasipit, Agusan del Norte. Our proposed system, the Saint Michael College of Caraga Library Management System, is a system wherein there is no need of manual library transactions. This will carry out different processes such as searching books, keep records of the books, borrowing of books and return of books. Hence, at present, Saint Michael College of Caraga is maintaining the School Library in a manual basis. Handling bulky records in a manual method is very difficult. And the process of updating could not be done easily and  accurately. Likewise, a manual procedure of handling bulky record is very slow and is prone to manual errors. Consequently, it is proposed that Saint Michael College of Caraga shall maintain an electronic data base management system (DBMS) for the purpose of maintaining the records of the School Library for easy, fast and accurate processing and maintenance of these records that will enhance management decisions and for the improvement of its services to all the stakeholders of Saint Michael College of Caraga. Library is regarded as the brain of any institute; many institutes understand the importance of the library to the growth of the institute and their esteem users (students). Library Management System of Saint Michael College of Caraga supports the general requirement of the library like acquisition, cataloguing, circulation that offers many flexible and convenient features, allowing librarians and library users to maximize time and efficiency. Library System gives the all detailed information about students, staff and books. It will track on the how many books available in library and books issued to the students. It shows popular book among the students. It will provide book lost in library. It keeps the record of the suppliers and book binders. It generates MIS reports for management. Our software is customizable for any library requirement. In this chapter we take opportunity to consider changes in the library services, not in terms of minor, short term change in equilibrium of the sort just noted above, but in longer term. There has been continuing concern about the future of the libraries. Given the extent to which the provision used and the libraries are influenced by the social environment, and given possibilities by the use of new information technology; it would be unreasonable to expect libraries to remain static. But if not, what would be the nature of the change? The issue is not whether there is a change but what will be the change. If we are to make a claim to understand the nature of library services, the surely we ought to have notions, some forecasts, about how library system might change. Purpose and Description In setting up a library, one aspect that should be considered, what are the resources the library has and what are the ways to provide a better service to the students? Well, one of the easiest ways is having a system to  organize all the transactions in the library. A library system is software that will handle basic and systematic organization of function in the library. The system would provide basic set of features to add/update student’s information, add/update books information, search for books and manage check-in/check-out processes. In this application we can maintain the records of students and books and enable to determine how many books are issued and likewise determine the available books in the library. The proposed library system will greatly improve the efficiency of the school library. This study has the following hypothesis: The profiles of the respondents taken are their names, Student ID Number, Year and Course, and Title and Author of the Book Borrowed. The manual system is very time consuming, inconvenient when it comes to recording, organizing and retrieving borrower’s record in the log book. There are few solutions but many a times, we making them works by finding ways to work around system inadequacies. Moreover we have limited staff resources, these work around waste time, effort, and skills that should be spent on user services. solutions do not keep up with the technological changes and hence prove to be time wasters. Library Management system is a small footprint software suitable for personal /individual Libraries. You can store the information about the books and other material and control the movement of the same. Silent Features †¢ Control the movement of books and other material and avoid losing the same. †¢ Search if you have a specific book in your collection based on t he title, author etc. †¢ Print the spine labels for the book. †¢ Find what a specific person has borrowed from you. Objectives The main objective of the application is to automate the existing system of manually maintain the records of the Book Issue, Book Return from the student, Stock Maintenance, and Book Search to be computerized. And to develop a database which stores user details and book details, give reliable search facility for the user, create an easy to understand user friendly environment. So the Book Issue, Return, Searching will be faster. This  application can be used by any Library to automate the process of manually maintaining the records related to the subject of maintaining the stock and Book Issues. The general objective of this study is to design and develop a library system that will serve as a proposal to help librarians save time with the automation of its daily operation. Specific Objectives: To computerize records keeping of books; To allow librarians to retrieve complete information of the book and its borrowers. To check the availability of the books and penalties. To search, issue and return of books. It can only be utilized by the librarian Scope and Limitation The study only focuses on the Information Technology Library Management System of Saint Michael College of Caraga. Without computers, as some libraries are, all of them are dependent on paper work. When compared to computerized systems, data backup and data retrieval systems are inefficient and labor intensive. Users of a paper based system become almost wholly reliant on the librarians, for all levels of service, whether they are enquiries about existing books, inter-library loans, or the availability of books. There is additionally no real involvement of a user in the entire process. The transactions that the system accommodates are the attendance of every student that enter the library, book registration and deletion, updating book information and searching thesis references, Borrowing of books, and keeping the record of transaction. Review of Related Literature This chapter contains the relevant outline of literatures related to the study of Library system. This study composed of programming languages, Database and Graphical User Interface (GUI) that is used in the system. This system would be used by members who may be students or professors of that University to check the availability of the books and borrow the books using automated device, and by the librarian to update the databases. The purpose of this document is to analyze and elaborate on the high-level needs and  features of the Library Management System. It focuses on the capabilities and facilities provided by a Library. The details of what all are the needs of the Library Management System and if it fulfils these needs are detailed in the use-case and supplementary specifications. Automated book monitoring system helps to reduce the effect of entering the wrong quantity and the amount of staff time devoted to repetitive activities. Related Studies According to ACRL (1994) suggested that institution should be prepared to utilized new technologies for accessing information as they are developed. This is why operating the library operations is quite a welcome idea. According to Jeff Kaplan (05/08/2007 A new generation of automated network management software and services is helping in-house staff address this challenge. These let network professionals establish regular patch-management procedures to safeguard against escalating security threats; and create system monitoring routines to identify load imbalances, which could cause service disruptions or performance problems. They also discover, inventory and track assets to make sure that hardware and software licenses are up-to-date and that problems can be resolved faster. According to Voustin Sweere (Aug.2001) Nowadays every book keeping system used in practice is automated. Most book keeping software an integrated information system are based on database. In this paper, we develop a conceptual book keeping model which is not based on manual techniques, but which is applicable in database environment. Technical Background In this chapter, it provides an overview of all the overall system design, features and functionalities. The system is design to implement a computerize library management system in Saint Michael College of Caraga. This system consists of one user, the administrator. The administrator can  access the system by having first the login security which they have to input his/her user name and password. Once the inputted username and password did not match, the required/registered information it displays â€Å"Invalid Username and Password†. If the username and password match the registered information, the next form will display depending on the role of the administrator.