Problem of the Drug Abuse Essay

The issue of youngsters sedate maltreatment isn't something that has jumped up lately. It has been one of the unsolved issues since numerous decades now. What's more, with modernization, the issue appears as though it is never going to leave. There could be a bunch of reasons for this issue, and there are additionally a few kinds of intricacies related with it. As you read further, you would understand the intensity of the reasons for sedate maltreatment among youngsters. Reasons for Drug Abuse Among Teenagers Professionally prescribed Drug Abuse Among Teenagers This has been seen as one of the most widely recognized reasons for chronic drug use, particularly in the adolescents. The term ‘prescription tranquilize abuse’, is evidently characterized as a condition wherein, the endorsed medication isn't utilized in a way the specialist prescribes the patient to. Which means, the individual takes higher dosages of the medications and regardless of whether his/her ailment is restored. The medications which are basic in this cases incorporate a wide range of agony executioners, drugs for tension or rest issue, and medications for activating energizer exercises. It has been discovered that most adolescents utilize these professionally prescribed medications with an idea that these are more secure than utilizing illegal medications. Nonattendance of Communication One of the powerful reasons for liquor and medication maltreatment among youngsters is a space that creeps in correspondence, presumably from the parents’ side. Most youngsters may have this idea that their folks probably won't care about them mishandling the medications. So this weights on the significance of correspondence among guardians and kids. All things considered, thinking about the particular threats and wellbeing worries of medication misuse, would assist youngsters with avoiding the propensity. In this way, work with your children and search for some genuine data as insights and clinical clarification about the symptoms of medication misuse. Oversight Continuing this information on medicate maltreatment among adolescents, it comes to parental management which can either spare young people from getting into the holds of medication misuse or sparing them from it. Guardians must offer significance to the way that their kids are still in their teenagers. This happens to be an age, where they remain the most defenseless against engage in all the bothersome things in their lives. Engage in your kids’ life and let them realize that you are keen on what they do and when they do. On the off chance that you are one of those guardians who simply let their children do whatever they if it's not too much trouble then you might be giving your kids a fine chance to get presented to drugs. Almost certainly, your children probably won't welcome the way that you are attempting to meddle a lot in their lives. Nonetheless, it is likewise evident that, in the event that you do as such, your children would be the ones to thank you later in their lives, when they accomplish a developed degree of comprehension pretty much all the repercussions of medication misuse. So don’t be too severe about nor excessively detached from your kids’ life. Effectively Available The reality remains that young people get the chance to take in the greater part of the things from their folks. As a parent, on the off chance that you are arranging a gathering where liquor is served, at that point your children would accept it as an unmistakable sign or message, that you have no issue with drinking liquor. This is the place, you remain to be the primary guilty party for urging your children to get powerless for tranquilize misuse. Likewise, most guardians unconsciously let their children approach liquor, cigarettes, and even professionally prescribed meds, when they are not at home. Indeed, even along these lines, adolescents may utilized this indiscretion of their folks as a chance to at any rate take a stab at utilizing every single such stuff. Stress Causing Factors Broken connections, issues in the family, stress caused because of friend pressure, examines load, and so forth., are a portion of the basic elements which trigger worry in teenagers’ life. These may likewise be the causes which drive them to turn to the utilization of medications. Along these lines, these were a portion of the powerful reasons for medicate maltreatment among adolescents. To the extent the treatment is thought of, on the off chance that measures are taken at a beginning time, at that point the condition might be very much checked before it deteriorates any further. Something else, sedate maltreatment recovery is known to be a compelling apparatus for the treatment. What's more, discussing the medication misuse anticipation, the most significant activity lies in light of a legitimate concern for guardians. On the off chance that they can decrease the open doors their children get themselves into, at that point there is no other better approach to keep the condition under control.

First Dental Visit

I will always remember the first occasion when I went to the dental specialist. Individuals around the globe accept that setting off to the dental specialist is a torment. ?It will be the most exceedingly terrible experience of your life? they said to me. Photographs of somebody opening your mouth and putting something inside my mouth gave me bounces of uneasiness. Such instruments around the dental office, the sparkly blades, the flawless white room and the picture of the doctor’s impeccable teeth, all that made my pulse expanded and I had a feeling that I was on an exciting ride. Since my first time in a dental office was not as everybody and including myself expected to be.It was a winter day and my mom and I got up at 5:00 a. m. to show up before the expected time at the Dental office. At the point when I showed up to the workplace a rush of feelings and the upsetting smell of medication jumped over me, and there were at that point individuals framed and sat tight for the specialist. The lounge area was white and on each divider there were put emotional photographs of a solid and grimy mouth, of sound teeth and teeth with rots, or ? Previously/After? photographs. While my mom sat in an unfilled seat, I felt the addition in my circulatory strain as I stood by to get notification from the assistant each patient’s name.Clusters of magazines were lying on the earthy colored gleaming table, every one shouting out pictures of the human mouth. I took a gander at each edge of the room. Around one hour after I showed up, a man of hearty composition, puncturing eyes, a manufactured grin, and with a white robe entered and welcomed us. The primary thing I saw was his robe, and as a lightning punctures a cloud, my first idea was ? He is the dental specialist.? After the specialist entered his office, I pivoted to see the essences of each parent with their apprehensive youngster who were attempting to dodge an eye contact.The entryway prompting the dental o ffice made a commotion that was amazingly ghastly to my ears. I was unable to take my eyes off the photographs that went on the defensive. It must be my creative mind, however I was at that point feeling the cool metal slamming into my teeth and the agony brought about by it. Individually, the assistant called each patient’s name and when a youngster entered the workplace at times it is heard a shout from inside the workplace where the kid had vanished. The parents’ faces were of impatience.I perceived how all the kids were gazing at their folks with dread in their eyes. Around two hours after of my inward petrifaction an unexpected tapping of obeyed shoes awoken me, a lady in white uniform originated from the passageway with something like a book. I admired see better the individual that was calling my name. An unexpected stun of feeling was available noticeable all around, my heartbeat dashed, and my hands sweat. I was strolling down a hall brimming with all the more startling photographs. A breath got away from my lips and straight away I swallow the bump that has collected in my throat.When I pictured a white entryway, I halted and I could see a paper with the name of the dental specialist. As I entered I could see everything that was kept in there. A major blue seat jutted among the various things inside the room secured with cold hard metal machines sparkling like stating ‘Welcome'. I saw a plastic cup in one of the handles of the seat and close to it there was something like blades of various sizes. At the left half of that large seat there was the individual that would cause torment in my teeth. As I sat in the seat, a moment surge of adrenaline went through my body.With a little mirror the specialist started to check my teeth. At that point there was an attack of stomach-turning as the specialist took an instrument from the table. The sterile smell of the workplace caused me a stomach-throb. My blood siphoned into my head. In the m ean time some virus metal was going into my mouth, I understood that I couldn't move however not on the grounds that the machines were working but since I was in stun when I saw the abrupt tickling inside my stomach. My eyes sparkled with feelings. The principal dental counsel was not that hard as individuals depicted it.

A Beginners Guide to BookTube

A Beginners Guide to BookTube BookTube may sound like a root vegetable, but it’s actually an incredibly vibrant community of people who vlog (that’s video blog for those of you who are unfamiliar with the lingo) about books on YouTube. There’s something for everyone on BookTube, from hilarious reviews of 50 Shades of Grey… [youtube]http://www.youtube.com/watch?v=DRH8fc3hyxk[/youtube] …to stop-motion videos of books getting their groove on… [youtube]https://www.youtube.com/watch?v=SKVcQnyEIT8[/youtube] …and animated shorts, like this one about a girl who hates to read and has to tackle the biggest, baddest TBR stack ever. [youtube]https://www.youtube.com/watch?v=1Efrg23Sqe8[/youtube] There are tons of amazing BookTube channels out there. John Green and his brother, Hank, make up the VlogBrothers, the hit channel that spawned the mega-fandom/bastion of awesomeness that is Nerdfighteria. The show isn’t strictly about books, but the Green brothers are involved in other bookish YouTube projects as well. John teaches literature on CrashCourse and Hank is heavily involved with Pemberley Digital, the company that produced The Lizzie Bennet Diaries, Welcome to  Sanditon, and Emma Approvedâ€"all modern-day episodic adaptations of Jane Austen novels. [youtube]https://www.youtube.com/watch?v=JgDwaJ0WCVE[/youtube] The creativity in the booktubesphere (that is definitely a real word) never ceases to amaze me. Take, for example, CSLewisDoodle, a channel that features live action illustrations of C.S. Lewis essays. [youtube]https://www.youtube.com/watch?v=D3MWVMKKY3A[/youtube] Then there’s Thug Notes, a channel that summarizes and analyzes classic books in the language of the gangsters. For those that don’t speak gangsta, it gives a whole new perspective on literature. I don’t believe I’ve ever heard Heathcliff from Wuthering Heights referred to as an emo landlord before. It’s the shizzle nizzle, yo. (You’re right, I have no idea what that means, but it sounds hardcore.) [youtube]https://www.youtube.com/watch?v=-oU0PtX85DY[/youtube] There are also a huge number of “traditional” BookTubersâ€"people who do pretty much the exact same thing as the rest of us book bloggers, but in video format. Here are a few of my favorites: The Readables  covers everything from YA to classic literature. Thanks to good lighting, editing, and amazing graphic artistry, this channel is one of the most visually stunning on BookTube. [youtube]https://www.youtube.com/watch?v=l8xgBlafsqU[/youtube] Elizziebooks is a cornerstone of BookTube. She has her finger on the pulse of the book vlogging community and does a weekly BookTube News feature. Little Book Owl is Australian, has pink hair, and loves to read. Nuff said. [youtube]https://www.youtube.com/watch?v=Ab2BWdNZ3Swindex=5[/youtube] booksandquills has an MA in English Literature and vlogs about everything from YA to sci-fi to the classics. Other terrific BookTube channels you should definitely check out include: ArielBissett, Benjaminoftomes, Bookables, BookRatMisty, CassJayTuck, Chapter Chicks, GingerBookNerd, jessethereader, Katytastic, padfootandprongs07, PeruseProject, polandbananasBOOKS, priceiswong,  rincey reads, and TheEighthPotter. There are thousands of other amazing bookish YouTube channels out there. What are some of your favorites? ____________________ Did you know that Book Riot has a  YouTube channel? We do. It’s new and we are having fun with it. Check it out  here.

Christianity On-line Essay - 1340 Words

Christianity On-line On-line communities are a foreign concept to me. I have never joined one, or even been curious to see what they are like. The only experience I have had with them is in middle school when I used to go into chat rooms and talk to other teens. The only conversation involved there was about music and movies. It has been years since I have ventured into anything on-line except for checking my e-mail or downloading music. In order to write about on-line communities, the assignment given to the class I am in, I had to go on-line and explore the culture myself. Since I had no idea what server to use or what sites were popular, the task was a little daunting. The first thing I looked at was The Lost†¦show more content†¦The first one I went to was one on hip-hop music; it was a topic that interested me. I assumed that it would have interesting posts about how people interpreted the lyrics to songs and what personal value a song had to them. It turned out to be a homepage with topics like Why did political rap die out? and Is Tupac really dead? Political rap hasnt been popular since the early 1990s and Tupac was a famous rapper who got shot about three years ago but his record label is still releasing his work. The site obviously had not been updated in a while. There were about 5 or 6 people that voiced their opinion with only a sentence or two of effort put into it. Many that responded to Why did political rap die out? felt that rap today is influencing children to take the easy way out and place all value on money. Since there was a small amount of people in each forum, I decided to go look at a topic where more peo ple would be involved. I went to America On-lines communities , and started reading topics in Christianity. There were many fundamentalists posting their thoughts on why everyone should love Jesus. Like in reality, everyone has their niche where he likes to go for religion, and there are the conservatives and liberals. In the midst of the preaching, there were discussion boards on Atheism and how the Bible can refute those arguments. It was evident an on-line survey had been done in order to compile a list ofShow MoreRelatedChristianity And Paganism In Beowulf1005 Words   |  5 PagesPaganism was the Geats first religion, and once Christianity became introduced, the religion slowly shifted from paganism to Christianity. Beowulf has successfully exhibited the transition from paganism to Christianity. The epic poem has a shift from Christianity to paganism throughout the poem. There are many symbolic examples that successfully display the transition from paganism to Christianity in the Geat culture. Beowulf displays both Christianity and paganism using several examples throughoutRead MoreThe Discovery Of The Traditional Orthodox Form Of Christianity939 Words   |  4 Pagesperception of knowledge and was considered to be a heresy that was condemned by those who followed the traditional Orthodox form of Christianity. In the second century the movement of Gnostic Christianity occurred; it is also referred to as a Christian sect (Carus). Though people viewed Gnostic Christianity as a sect, it has never been denied that Gnosticism is older than Christianity and the relation and importance between the two groups have never been acknowledged (Gnostic Discoveries). Since the discoveryRead MoreComparing and Contrasting Anglo-Saxon, Medieval, and Renaissance Perio1410 Words   |  6 Pages living down/ In the darknessÂ…(lines 1-2). This affray demonstrates the timeless battle of good versus evil. The universal struggle is maintained in the Medieval plight for an ideal of perfect c hivalry. 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He is till this day considered one of the greatest poets that ever lived. To understand the meaning of William Butler Yeats poem The Second Coming, you must first understand the difference between Christianity and Paganism. Yeats was raised as a Christian and turned to pagan mysticism later in his life. Therefore, we can find the subject of this poem by tracing his flow of thought through Christianity up to the point when he diverged from it. Christianity is based aroundRead MoreEssay on Beowulf is a Christian Poem1371 Words   |  6 Pagesthe time the poem was written, Anglo Saxons had converted from Germanic Paganism to Christianity. Some people argue that it was a Pagan poem rewritten by a person or persons educated in Christianity. â€Å" has come down from heathen times and acquired its Christian character gradually and piecemeal from a succession of minstrels.† ( Hector Monro Chadwick as quoted by Brodeur 182), while others believed that Christianity and Paganism both belonged in the poem. â€Å"almost without exception so deeply ingrainedRead MoreEssay on The Allegory of The Rime of the Ancient Mariner876 Words   |  4 Pagessin against Nature was seen as a sin against God. In line 82 of the poem, the Mariner simply says, I shot the Albatross. In saying this, the reader often questions why the bird was shot. There is no explanation. The Albatross was shot without reason or motive very much like the sin of humans. Here the poem begins to take on its allegorical purpose in which the Albatross symbolizes not only sin, but possibly Jesus as well. In Christianity, Jesus died upon the cross for the sins of humanity.Read MoreAnalysis Of Dickinson s Poem The Bible 924 Words   |  4 Pages Dickinson’s poem 1545 contains multiple meanings and interpretations. It is a criticism of Christianity, however, she criticizes in a rather witty way. Throughout this piece of literature, she uses words that have many meanings to dig at the bible and people’s narrow-minded beliefs within the sacred text. Dickenson also uses repetition to draw attention to certain words. Perhaps the ultimate gibe is that she takes seemingly long, complicated, and popular biblical stories and shortens them to fourRead More THE SECOND COMING BY WILLIAM YEATS Essay1286 Words   |  6 PagesPaganism from Christianity. He is till this day considered one of the greatest poets that ever lived. To understand the meaning of William Butler Yeats poem â€Å"The Second Coming†, you must first understand the difference between Christianity and Paganism. Yeats was raised as a Christian and turned to pagan mysticism later in his life. Therefore, we can find the subject of this poem by tracing his flow of thought through Christianity up to the point when he diverged from it. Christianity is based aroundRead MoreThe Rood And Sir Gawain And The Green Knight933 Words   |  4 PagesKnight, it is the same, Christianity wins over courtly values. When Gawain makes the decision to be a part the Green Knight’s game, taking that treacherous journey from home, he was doing it show how much of a great knight he was, but in the end it was not his sword that helped him make it back home. These tales show how a courtly heroic code of honor contests a Christian model of living. In The Dream of the Rood, the first speaker or dreamer shows you that he chooses Christianity over anything else when

What is Meant by Market Effciency - Free Essay Example

Sample details Pages: 8 Words: 2283 Downloads: 5 Date added: 2017/06/26 Category Economics Essay Type Essay any type Did you like this example? Market efficiency has been a topic of interest and debate central amongst financial economists for more than five decades. Indeed, two of the recipients of the Nobel Memorial Prize in Economic Sciences in 2013, Eugene Fama and Robert Shiller, have debated about the efficiency of markets since the 1980s. Concerns about market efficiency were catapulted to prominence most recently by the financial crisis of 2007-8. Don’t waste time! Our writers will create an original "What is Meant by Market Effciency?" essay for you Create order Efficient capital markets are foundational to economic theories that posit the allocative efficiency of free markets, which requires informationally efficient capital allocation markets, such as those for equity and fixed income trading. An extended line of research has uncovered evidence of various anomalies which seem to challenge notions of market efficiency, and has also attempted to explain the causes of one such anomaly, the so-called size effect. Though there appears to be substantial evidence that the size effect is real and persistent, violating the efficiency market hypothesis, no substantial evidence supports the size effect as violating market efficiency. Market Efficiency Refers to the efficiency with which markets allocate savings amongst competing investments. In an allocationally efficient market, scarce savings are optimally allocated to productive investments in a way that benefits everyone (Copeland, et al., 2005, p. 353). To provide optimal investment allocation, capital prices must provide market participants with accurate signals, and therefore prices must fully and instantaneously reflect all available relevant information (Copeland, et al., 2005). In advanced economies, secondary stock markets play an indirect role in capital allocation by revealing investment opportunities and information about managers past investment decisions (Dow Gorton, 1997). For secondary stock markets, and other formal capital markets, to efficiently and effectively fulfill these two roles, securities prices must be good indicators of value (Fama, 1976, p. 133). Therefore, allocative market efficiency requires capital market prices to be informational effic ient. Informational efficiency implies no-arbitrage pricing of tradeable securities and entails several defining characteristics that form the basis of the efficiency market hypothesis. Generally, A market is efficient with respect to information set ÃŽËÅ"_t if it is impossible to make economic profits by trading on the basis of information set ÃŽËÅ"_t (Jensen, 1978, p. 98), where economic profits are defined as risk-adjusted returns minus trading and other costs. If security prices reflect all available relevant information, such as P/E ratios and past return variances, then it would be impossible to to use such information to profitably trade these securites. Therefore tests of the possibility of using publicly available information to earn economic profits constitute tests of infomational effiency. Tests of informational market efficiency generally take three forms, and comprise the elements of the efficient market hypothesis. Fama (1969) defined the three forms of ma rket efficiency as the weak, semi-strong and strong form, with each form characterised by the nature of the information central to its application. Weak form efficiency tests are tests of the viability of using past price history of the market to predict future returns (which is a necessary, but not sufficient, condition for trading for economic profits). The semi-strong form of the efficienct market hypothesis tests whether all publicly available information could be used by traders to earn economic profits. And finally, the strong form of market effiency tests the viability of using all information, public as well as private, to generate economic profits. In the literature and amongst practicioners, it is the semi-strong form which represents the accepted paradigm and is what is generally meant by unqualified references in the literature to the Efficient Market Hypothesis' (Jensen, 1978, p. 99). And though some references to market efficiency allude to the allocative efficiency of markets, the term market efficiency usually refers to informational efficiency as operationally defined by Famas efficiency market hypothesis, specifically the semi-strong formulation. Since its formulation in the late 1960s, researchers have conducted thousands of tests of the efficiency market hypothesis and have found various anomalies, such as the size effect, which appear to violate the market efficiency. Banz (1981) examined NYSE-listed common stock returns between 1936 and 1975 and found stocks with the smallest market capitalisaation earned a risk-adjusted return 0.40% per month higher than the remaining firms in his sample, which was the first evidence that the size effect posed a challenge to semi-strong form efficiency. Analysing a sample of 566 NYSE and AMEX stocks over the 1963à ¢Ã¢â€š ¬Ã¢â‚¬Å"1977 period, Reinganum (1981) found that portfolios constructed based on size exhibited predicatability of future returns, with the smallest sized portfolio outperforming the largest decile by 1.77% per month. Keim (1983), testing NYSE and AMEX stocks over the 1963-1979 period, reported a size premium of approximately 2.5% per month. Lamoureux Sanger (1989) found a size premium for NASDAQ stocks (2.0% per month) and for NYSE/AMEX stocks (1.7% per month) over the 1973 to 1985 period. Fama French (1992, p.438) concluded, The size effect (smaller stocks have higher average returns) is robust in the 1963-1990 returns on NYSE, AMEX, and NASDAQ stocks. Though evidence continued to mount of a size effect, which entails that average stock returns of firms with small market capitalisation were significantly higher than the average returns for large capitalisation firms, Fama and Frenchs paper preceded decades of research regarding explanations for the size effect and its possible implications. Over the years researchers have offered a variety of empirical explanations, some of them mutually exclusive, for the size effect. Robert Merton (1987) argued that sm aller firms have smaller investor bases and are less likely than larger firms to enjoy an institutional following amongst investors, making smaller firms less liquid and cheaper, which resulted in greater risk-adjusted returns. Chan Chen (1991) asserted that smaller firms are more likely than large firms to either be distressed or only marginally profitable, and therefore small firms prices are more responsive to changing business conditions, which loaded the size effect. Fama French (1993, p.5) formed 25 portfolios of securities based on size and book-to-market and found that these portfolios constructed to mimic risk factors related to size and BE/ME capture strong common variation in returns, no matter what else is in the time-series regressions. This is evidence that size and book-to-market equity indeed proxy for sensitivity to common risk factors in stock returns. Verifying their argument that the size effect was a proxy for common risk factors, Fama French (1995) found evi dence that firm size loaded profitability risk into the cross-section of stock returns. These, and other, empirical findings shed light on possible reasons for the size effect, but a consensus explanation never developed around a single cause. In contrast to the empirical and economic explanations for the size effect, some researchers questioned whether the size effect existed at all. Shumway Warther (1999) argued that the small firm effect is essentially a statistical illusion, related not to actual share prices but to market microstructure issues which inhibit proper measurement of price movements. They examined prices of NASDAQ-listed firms from 1972 to 1995, a period previous research associated with significant size effect, and found that after considering delisting bias (by accounting for delisted firms final price movements before removal from the sample), the size effect disappeared completely. Wang (2000) argued along similar lines, contending the size effect resulted f rom survivorship bias. He argued that small stocks are relatively more volatile and therefore more likely than large firms to be delisted due to bankruptcy or failing to meet listing requirements. These delisted stocks are often excluded from the samples studied for the size effect, which would bias the returns of small stocks upwards. Wang (2000) used simulation experiments to test for the likelihood of the small firm effect under such circumstances and concluded that the effect was spurious. Examining all of the above explanations and others, Dijk (2011, p. 3272) concludes, The empirical evidence for the size effect is consistent at first sight, but fragile at closer inspection. I believe that more empirical research is needed to establish the validity of the size effect. Though the causes of the size effect are interesting and remain an important topic of debate, more important are the possible implications of the size anomaly for the efficiency market hypothesis. The size ano maly appears to present a violation of efficient markets, especially to those observers who wrongfully presume that market efficiency implies stock prices must follow a random walk; however, no researcher has yet to show that information related to firm size can be leveraged by traders to earn economic profits. Recalling Jensens (1978) definition of informational efficiency, the size effect violates market efficiency only if such information could be used to generate risk-adjusted abnormal returns. Though the size effect may indicate that stock returns are predictable, if transaction costs are very high, predictability is no longer ruled out by arbitrage, since it would be too expensive to take advantage of even a large, predictable component in returns (Timmermann Granger, 2004, p. 19). Therefore return predictability invalidates market efficiency when it produces risk-adjusted returns that subsume transaction costs. According to Stoll and Whaley (1983), who test whether the size anomaly can be exploited to earn risk-adjusted returns greater than transactions costs, find it is not possible for the sample of NYSE-listed firms examined over the 1960 to 1979 period. This is due in part to the relatively insignificance of small firms in relation to the market as a whole. As noted by Fama (1991, p. 1589), the bottom quintile [of stocks] is only 1.5% of the combined value of NYSE, AMEX, and NASDAQ stocks. In contrast, the largest quintile has 389 stocks (7.6% of the total), but it is 77.2% of market wealth. So, even if the size effect is granted perfect validity, it does not necessarily negate the efficient market hypothesis. A final set of reasons ameliorating concerns about the size effects threat to market efficiency is related to model specification. Abstracting from the specific arguments related to size effects, consideration of the joint hypothesis problem dampens concerns that size effects could be determined to violate market efficiency. Roll (1976) no ted that the pricing models used to test market efficiency were also necessarily testing the validity of the specification of the market model (specifically, the validity of the market model proxy), which means that researchers models were necessarily underspecified. Violations seemingly attributable to the size effect, or any other apparent anomaly, can always be attributed to mispecification of the market model or mismeasurement of the market proxy, making it impossible to definitively infer anamolous behavior as evidence of market efficiency. Additionally, this time pointed out by Fama (1991, pp. 1588-9), small-stock returnsà ¢Ã¢â€š ¬Ã‚ ¦are sensitive to small changes (imposed by rational trading) in the way small-stock portfolios are defined. This suggests that, until we know more about the pricing (and economic fundamentals) of small stocks, inferences should be cautious for the many anomalies where small stocks play a large roleà ¢Ã¢â€š ¬Ã‚ ¦. Therefore, though there seems t o be robust evidence for a size effect, transaction costs overwhelm risk-adjusted returns and model specification concerns generally blunt notions that size effects can be shown to disprove market efficiency. The global financial crisis of 2007-8 renewed prominent calls for dispensation of the notion of efficient markets, as the allocative efficiency of markets seemed in doubt after so much capital appeared to be wasted on ill-advised investments. But efficient market allocation of investments relies not on ex post views of past downturns, but on ex ante decisions about future investment opportunities. Efficient markets imply that all relevant information is impounded in current asset prices, maximising market participants ability to allocate investment, which necessarily implies that the future is unpredictableà ¢Ã¢â€š ¬Ã¢â‚¬ market efficiency prohibited the ability to forecast the financial crisis, as the model predicts. Alternatively, a long line of research has examined the possibility that anomalies, such as the size effect, disprove market efficiency. The size effect, however, though an interesting puzzle regarding the cross-section of stock returns, does not disprove market efficiency. References Banz, R., 1981. The relationship between return and market value of common stocks. Journal of Financial Economics, 9(1), pp. 3-18. Chan, K. Chen, N., 1991. Structural and Return Characteristics of Small and Large Firms. The Journal of Finance, 46(4), pp. 1467-84. Copeland, T., Watson, J. Shastri, K., 2005. Financial Theory and Corporate Policy. Fourth ed. London: Pearson. Dijk, M. A. v., 2011. Is size dead? A review of the size effect in equity returns. Journal of Banking Finance, 35(12), pp. 3263-74. Dow, J. Gorton, G., 1997. Stock Market Efficiency and Economic Efficiency: Is There a Connection?. The Journal of Finance, 52(3), pp. 1087-1129. Fama, E., 1969. Efficient Capital Markets: A Review of Theory and Empirical Work. The Journal of Finance, 25(2), pp. 383-417. Fama, E., 1976. Foundations of Finance. New York: Basic Books. Fama, E., 1991. Efficient Capital Markets: II. The Journal of Finance, 46(5), pp. 1575-1617. Fama, E. F. French, K. R., 1992. The Cross-Section of Expected Stock Returns. The Journal of Finance, 47(2), pp. 427-465. Fama, E. F. French, K. R., 1993. Common risk factors in the returns on stocks and Bonds. Journal of Financial Economics, 33(1), pp. 3-65. Fama, E. F. French, K. R., 1995. Size and Book-to-Market Factors in Earnings and Returns. The Journal of Finance, 50(1), pp. 131-155. Jensen, M., 1978. Some Anomalous Evidence Regarding Market Efficiency. Journal of Financial Economics, 6(2/3), pp. 95-101. Keim, D. B., 1983. Size-related anomalies and stock return seasonality: Further empirical evidence. Journal of Financial Economics, 12(1), pp. 13-32. Lamoureux, C. G. Sanger, G. C., 1989. Firm Size and Turn-of-the-Year Effects in the OTC/NASDAQ Market. The Journal of Finance, 44(5), pp. 1219-1245. Merton, R., 1987. A Simple Model of Capital Market Equilibrium with Incomplete Information. The Journal of Finance, 42(3), pp. 483-510. Reinganum, M. R., 1981. Misspecification of capital asset pricing: Empirical anomalies based on earnings yields and market values. Journal of Financial Economics, 9(1), pp. 19-46. Shumway, T. Warther, V. A., 1999. The Delisting Bias in CRSPs Nasdaq Data and Its Implications for the Size Effect. The Journal of Finance, 54(6), pp. 2361-79. Timmermann, A. Granger, C. W., 2004. Efficient market hypothesis and forecasting. International Journal of Forecasting, 20 (1), pp. 15-27. Wang, X., 2000. Size effect, book-to-market effect, and survival. Journal of Multinational Financial Management, 10(3-4), pp. 257-73.

Rights and Freedoms - 766 Words

POS – 301 January 15, 2013 Mr. Elliott Rights and Freedoms What would it be like if we as American citizens did not have any rights or freedoms? Thankfully we will never have to worry about thanks in regards to our founding fathers and the Bill of Rights. In this essay I will discuss which freedom in the First Amendment to the Constitution is most relevant to me personally. I will also analyze and discuss the significance of the Bill of Rights and subsequent notable amendments to the U.S. democracy. Finally, I will discuss the process for amending the Constitution and give my opinion on whether it is a â€Å"fair† process or not. The First Amendment The freedom guaranteed to me in the First Amendment to the Constitution that is most†¦show more content†¦I believe that the process for amending the Constitution is as fair as it can possible be. Congress is put in place by â€Å"we† the people so any amendment that they propose would seem to be what is in the best interest of the people. I think that it is good that the proposed amendment has to be issued to each state for ratification. What is good for one state is not necessarily good for all the states. Each state gets a chance to approve or deny the proposal and the majority wins, so to speak. If enough states vote to amendment a part of the Constitution I think that it is probably in the best interest of everyShow MoreRelatedCharter Of Rights And Freedoms1345 Words   |  6 Pages Charter of Rights and Freedoms The Canadian constitution is the foundation that forms and brings together our nation government and its legal system. You can also consider the constitution as a rulebook. It contains rules and regulations that political parties must follow in order to adopt, amend, or revoke a law. The constitution has three main sources. In 1867 the British North American Act passed, which was the first source of the constitution. 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In this paper, I will provide reasons as to why the clause should be kept within the Charter beginning with the arguments that it is an essential element in critical policy decisions being made by politicians and it s hard to remove which requires the amending f ormula to be used if changes are to be made. On the other side, its use in policy can create grave and problematicRead MoreThe Charter Of Rights And Freedoms1363 Words   |  6 Pages The phenomenon of entrenching the Charter of Rights and Freedoms is not new to Canadian citizens, but it is a notion that is perceived in several ways. Many view it as a feature that disregards the fundamental right to democracy, an integral part of Canada’s political system. A functioning democracy is an important factor in providing citizens with the utmost rights and freedoms deserved. Society’s full potential is not being achieved if there are individuals who believe their principle of democracy

Sylvia Plath was one of the se... free essay sample

Sylvia Plath was one of the self-motivated and well-regarded poets of 20th century. Plaths personal tragedies led to her poetries. These poetries have strange and frightening tone that foreshadows the tragic death of the author. She was already in the literary community by the time she took her life at age 30. Her poems show pain, hate, mistrust, darkness, and the need for acceptance and love, that is how she portrayed her life. Plath was threatened by male dominance which is why most of her poetry was driven by anger and vengefulness toward her domineering husband Ted Hues. Her poetry also explores her attachment to her father, who she described as another controlling figure. During much of Plaths adult life depression and suicide attempt took place and it became the subject of her most famous poems. However, Plaths poetry became a voice against female subordination which were relatable issues to many women in that period. We will write a custom essay sample on Sylvia Plath was one of the se or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In three of her most well-known work are Lady Lazarus, The Applicant and Daddy, Sylvia Plath empowers all the women by revealing her own personal struggle against a male dominant society and thus creating a strong feminine voice. Her poetry is not just autobiographical, it is also confessional in the sense of documenting her feelings, which are often confrontational. Plaths complicated relationship with her father inspired her to write Daddy which expresses her emotions towards her fathers life, death. Plaths father died when she was only 10. This was the time when she pictured him as hero. After growing up she started to compare him to a Nazi because she figured out the flaws within her father. She could express love for her father in the poem as he passed away but she didnt. Plath described her dad as a man who wouldnt let her speak. Because in the poem she wrote In Daddy, Plath wrote, The tongue stuck in my jaw. / It stuck in a barb wire snare. / Ich, ich, ich, ich, / I could hardly speak. Plath also stated, You died before I had time. This represents the male-controlled nature of the era in which Plath lived. During that period, men didnt care about what a woman had to say. Shes highlighting the fact that men made all the decisions on their own and gave no power to women which made women voiceless and powerless. Plaths failed marriage with Ted Hughes also helped in the making of Daddy. Plaths failed marriage with Ted Hughes also helped in the making of Daddy. Not only does it express her emotions towards her father, but also her husband. Plath found many connections between her father and Ted Hughes, in a few of her poems; she compares them to the devil, vampires and even Nazi. Basically, she was depressed all her life and committed suicide.Since ancient time, women were neglected in the society. Many writers such as Sylvia Plath wrote against male dominant cultures and systems. She used her personal problems to speak about cultural concerns many of which apply to womens struggle and evolution in modern society. The poem Lady Lazarus deals with the consequences of failed suicide attempts. Sylvia Plath had suffered from depression and it can be easily known if someone reads her poems. In the poem she introduces the speaker as Her Doktor and the central metaphor is, a lady named Lazarus who survived several suicide attempts. Its about her suicide attempts and coming back from them. She also talks about her suffering because she compares her skin to Nazi lampshade. This is significant because Nazis used to use the skin of Jew people to make the lampshades. Plath uses this shocking metaphor to compare her suffering to the people of concentration camps. At the end of the poem she wrote, Out of the ash I rise with my red hair and I eat men like air (Plath) This evidence proves her rage against males and the urge to take revenge against them. This poem again proves her cultural objectification.

BENEFITS AND DRAWBACK OF USING HIGH TECH DEVICES Essays - Software

BENEFITS AND DRAWBACK OF USING HIGH TECH DEVICES It is quite impossible to think of a life without technologies and gadgets. Technology can be defined as a process with the help of which human beings modify nature in order to meet their growing needs. Technology leads to innovations and inventions and one such invention is gadgets. There are so many varieties of gadgets that are designed to suit human needs. But the questions is, are there only advantages or there are disadvantages as well. This article discusses the advantages and disadvantages of using new gadgets and technologies. Advantages of technologies and gadgets: The advantages of new technologies and gadgets are discussed in the following lines. 1. Higher profit: New technologies can benefit your business in a number of ways. You can get higher profits as new technologies increase work efficiency, which in turn, increases productivity. Moreover, fewer work forces are needed as new technologies can automate the work thus reducing the costs more. 2. Fast access to information: You can get quick access to information with the help of computer and internet, two of the most popular technology and gadget in the present times. The search engines' on the internet help you find information on any topic that you're looking for. 3. Increases communication: Gone are those days when you had to write letters in order to communicate with people staying far away. Nowadays, you can send e-mails and you get the reply within minutes. Moreover, you can also take help of chat rooms' to meet new people as well as to stay in touch with your old friends. 4. Speed up work: There are so many gadgets that help to speed up work. Right from household chores to office work, there are gadgets with the help of which you can increase your work efficiency. It helps you to do quite a number of things in relatively less time. Disadvantages of technologies and gadgets: The disadvantages of new technologies and gadgets are discussed below - 1. Online fraud: When you use internet for online transactions, there is always a possibility of being a victim of online fraud. As for example, impostors may steal your credit card information and use them for their own monetary gain. 2. Dependency on gadgets: People are becoming mechanical as they are getting more and dependent on gadgets. Nowadays, human beings cannot do a simple work without taking help of a gadget. 3. Integrating new technology: It is often difficult to take a business related decision about whether to buy the latest technology or wait for some new invention. Moreover, implementing new technology in a business can be quite expensive; therefore, you need to decide whether or not you actually need it. Above all, integrating a new technology in a business is quite a difficult task in itself. 4. Technology related diseases: Human beings are becoming addicted to the new technologies and gadgets, especially, internet and computers. Moreover, young people are getting more and more addicted to mobile phones. Many scientists believe that radiation from mobile phones may cause blurring vision, headaches and earaches and may be the reason of cancer, too. Therefore, it can be concluded that there are both advantages and disadvantages of using new technologies and gadgets and it depends on mankind how they want to use them. About the Author Rodney Gordon has been working as a contributing author on various topics like- technologies and gadgets, arts and culture, search engine marketing, business and finance, education, entertainment, Internet, sports and leisure for about two years.

The mess gets worse at the Hanfords nuclear site

The mess gets worse at the Hanfords nuclear site Article review: The mess gets worse at the Hanford’s nuclear siteAdvertising We will write a custom essay sample on The mess gets worse at the Hanford’s nuclear site specifically for you for only $16.05 $11/page Learn More Introduction In order to understand the current issues concerning human resource management, it is necessary to review the safety management systems of companies. This analytical treatise attempts to explicitly review the article, â€Å"the mess gets worse at the Hanford’s nuclear site†, in order to identify the employees safety concerns in relation to OSHA and safety act. Article Summary Written by LaFlure on behalf of the NBC News, the article explores the safety concerns that have been raised by employees of the Hansford nuclear site owned by the government. The main safety concern identified by the employee included the exposure to toxic waste materials from the leaking tanks in the nuclear disposal units. I nstead of addressing the safety concern as stipulated in the OSHA act, the management of the Hansford nuclear site responded by dismissing the technical and research manager for raising the safety fear. According to the dismissed technical and research manager, the decision organ at the Hansford nuclear site ignored all the safety warnings he sounded. Instead, the senior management team responded by pushing aside the safety evaluation findings in the safety report. This action was against the OSHA rules which recommend investigation and appropriate action against any safety concerns. The decision exposed three hundred employees to health and safety risks, such as toxic wastes. Such exposure might have led to health complications such as cancer, skin, and lung infections (LaFlure, par 15).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Lesson learned The main purpose of safety man agement plan in any organization is to provide it with strategies and measures that empower the company to be able to consistently identify and manage health and safety risks, to reduce any potential for accident. The written safety management plan is important in ensuring that organizations comply with the numerous safety and health regulations stipulated by the OSHA act and other agencies that are responsible for governing safety and health at the workplace. Moreover, the safety management plan serves as a basis of the vital framework of organizational commitment to shared safety responsibilities among the administrators and employees. Unfortunately, the safety management plan was not proactively implemented at the Hanford nuclear site. The nuclear site must have dealt with the safety breach when the situation had deteriorated. Relation to course content As we learned in the class module, there are indispensable sets of safety plans that are reviewed, produced, and updated to ensu re continual safety of members of an organization. The safety management plans are developed to detail how the safety is going to be managed between the supervisors and the employees. However, in the case of the Hanford nuclear site, it failed to recognize safety at the individual level. Besides, occupational health and safety must be managed in a systematic way. However, the management of the system safety depends on the size and nature of an organization. It is important to identify the hazards, establish what might be the cause of the hazards, and assess the risks if necessary.Advertising We will write a custom essay sample on The mess gets worse at the Hanford’s nuclear site specifically for you for only $16.05 $11/page Learn More This process is vital in understanding the nature of the harm, its severity, and the likelihood of its reoccurring. Apparently, the nuclear site failed to recognize the hazards. Conclusion Risk control engagement is the most efficient measure to curb any possible hazard in work environment. Risk control assessments are done to ascertain that safety procedures are working as required by the OHS standards. The Hanford nuclear site must remain accountable to the employees’ safety concerns within the boundaries of the OSHA and safety act. LaFlure, Rebecca. The mess gets worse at the Hanford’s nuclear site. 18 Nov. 2013. Web. https://publicintegrity.org/national-security/the-mess-gets-worse-at-hanfords-nuclear-site/

The Impact of Interactive Whiteboards on Teacher-Pupil Interaction Essay

The Impact of Interactive Whiteboards on Teacher-Pupil Interaction - Essay Example As per Reynolds and Ferrel, an inclusive approach towards education that encourages discussion is bound to enhance the quality of teaching (1996). Several experts and agencies have applauded the introduction of IWBs in the classrooms. Also a significant proportion of the teacher oriented journals and publications also testify to the efficacy of IWBs. The British Educational Communications and Technology Agency (BECTA 2003) while reviewing the available literature on IWBs noted that the very fact that the usage of IWBs in classroom teaching stimulated the students to interact physically and intellectually with the media certainly improved the overall quality of learning. Levy also praises the visual appeal of the IWBs to the students and the ensuing possibility of a more physical interaction, which motivated the students to respond to the teachers' queries (2002). Ball regards the IWBS to be a unique media that makes the entire teaching process more student centric, thereby giving students a sense of control and confidence (2003). Glover and Miller noted that IWBs pleased the students as a majority of the students liked making presentations before the class (2001). In the study conducted by Levy, a significant number of students reported that the mutual sharing of views facilitated by IWBs furnished a better articulation of ideas (2002). IWBs are considered to be more acceptable to the contemporary students because they are already used to media images in their day today life (Richardson 2002). Also in a large number of studies, the teachers agreed to the relevance of IWBs because of the element of anticipation that they brought to a lesson (Glover and Miller 2001). As per Kennewell, IWBs enhanced the students' attention and engagement in a classroom scenario by extending them the opportunity to discuss their work and views before a group (2001). The focus of this article is to establish the level of veracity of the above mentioned views in the light of the empirical evidence gathered through research. "Given the lack of empirical evidence to support many of the assertions made about the benefits of IWBs in promoting teacher pupil interaction, this study set out to investigate their impact on the interactive core of whole class teaching in the NLS and NNS with Year 5 pupils. The study was therefore designed to test the claims that IWBs can be used as a pedagogic tool to promote interactive forms of learning and teaching, thereby changing traditional patterns of whole class interaction and discourse (Smith, Hardman and Higgins 2006)." Key Terms Successful Teaching - "Teaching that is discursive, characterized by high quality oral work and interactive, encouraging, expecting and extending pupil's contributions (Department of Education and Employment 19

Cell Biology Essay Example | Topics and Well Written Essays - 500 words - 3

Cell Biology - Essay Example Their sizes range from 1 to 100 micrometers. Thanks to modern day technology, detailed images of the most complex cells can be obtained through advance microscopes. Mainly there are 2 types of cells, Eukaryotic and Prokaryotic; the first ones can be found in animal, plants and fungi while the later ones include bacteria and archaeans. Prokaryotes are single-celled organisms which were the most primitive forms of life on earth, and are able to survive in the most extreme habitats. Cell biology has made one of the most useful and interesting discoveries of modern times – DNA. DNA (deoxyribonucleic acid) is perhaps the key to finding the hidden truths about human life cycle. DNA is type of molecule known as nucleic acid, and is located within the nucleus of cells (Bailey 2010). Chromosomes are the main component of reproduction; proteins and DNA are the main constituents within these chromosomes, therefore DNA serve as a major part of reproduction cycle. Cells have quite a complex structure, there are other structures contained in a single cell and are called as Organelles. Each of these organelles carries out a specific task, just like the different organs of our bodies, which perform their specific function in order to enable the running of over all system smoothly. Similarly these organelles execute wide range of functions within a cell that range from providing energy to reproducing hormones and enzymes. The Eukaryotic cells contain different range of organelles and prokaryotic contain separate organelles, which are known as ribosome. In the same way plants and animals have different combinations of organelles but some of the elements are common throughout, such as: Nucleus, Mitochondria, Endoplasmic reticulum and Golgi complex. The unique characteristic of cells is that different types of cells have a different reproduction mechanism for them. Fossils from primitive times came into their final form through a process called

Analysing two primary ways of occurring international business

Analysing two primary ways of occurring international business International business is the core theme in conducting business in current era of globalization. In the competitive environment, businesses are competing at global level. In international business a company can engaged in either of the two ways such as import or export. Import and export are the two basic and primary ways of conducting the business (Dunning, 2007). Whenever a company engages into the international business, there are lot many factors which impact the business. Hence there are advantages and disadvantages of both import and export. Considering this view, this assignment report addresses the critical analysis of two primary ways of occurring international business and respective advantages and disadvantages. In addition to this the assignment report also discusses the international and free trade (Fortanier, 2008). Ways of Occurring International Business: Researcher identifies that there are two primary ways of conducting international business: import and export. In import a company or individual purchase the goods outside the country of origin and sold out in domestic country. On the other hand whenever a company or individual produces the product/goods in the country of origin or domestic country and sold out in foreign company (Gupta and Govindarajan, 2008). In both ways there are several factors which have greater impact and influence on international business practice. In addition there are several advantages and disadvantages of import and export. The term export refers to the shipping of goods and services outside the port of a country (Hennart, 2004). Whenever a seller sells such goods, it is known as exporter and whenever a person purchase the goods or services outside the country then it is known as importer. In the international business, the term export means selling the goods and services outside the home country and vic e a versa. Except some goods or services, any products and goods can be exported to other country. The distribution of exported goods is undertaken by the domestic trader in which the goods are exported (Hennart, 2006). It is required to have the involvement of custom authorities while exporting the commercial quantities of goods in both the country of import and country of export. Due to the low value trades, the small trade over the internet such e-bay and Amazon is usually by-pass through custom. Therefore the export is subject to legal and formal restriction by the country of export to safeguard the interest of domestic producers (Johanson and Wiedersheim-Paul, 2008). The counterpart of export is known as import. The transaction of goods and services from resident to non resident is also known as national account export. National accountant therefore sometimes need to make some adjustments of basic trade data and hence the basic trade data requires the statistical analysis. it is different from the coverage of national accounts as the data for international trade is usually obtained from the custom service in the respective country. In case any country consists of general trade then the goods exported or imported in the country are recorded on respective dates. On the other hand in case a company uses special trade system in which the goods are received in warehouses then the goods are not recorded as external trade till the time goods are sent to the free trade zone (Jones, 2006). In free trade zone developed with in the country, some of the goods move freely without any custom, control or statistics in the trade of goods. This is also true in ca se of goods are transferred between the member states. Banks are responsible for the statistical recording for the trade in services and these data points are then reported to the central bank. It is not only applicable for only export but also for the import. In the globalization, the services are provided outside the country electronically such as via internet, therefore it is difficult to measure the amount earned is such cases (Nelson and Winter, 2007). Some basic information or statistics in international trade is normally avoided such as smuggled goods or international flow of illegal services. In the official trade such of type of goods and services is not accounted. Commercial policy and international trade is one of the oldest and most famous branches of international business and thought of economics. Export and import are the major components of the international business. Economists are generally discusses the macro economic risks and benefits of export and import. In presenting the different perspectives, there the two different views such as determining the benefits of international trade and concerning the possibly that the domestic industries may be influenced through international trade (Jones, 2008). For example if an importer imports the electronic goods from china then it is 3 to 4 times cheaper than the domestic producers products. Then the market for the domestic players can be captured by the importers products and the domestic labor will get crushed by the international player. In order to safeguard the interest of domestic market, the government has imposed some policies and duties on imported goods (Easterly, 2008). The export methods include the good or product which is being hand delivered, shipped via port or mailed through internet. The similar process is followed in importing the goods. Trade Regulations: Some of the natural regulations on import and export of goods are export administration regulation, bureau of industry and security, international tariffs, BIS regulation. In addition to this there are some commodities which need international license for import and export. These commodities includes, liquor, gold, tobacco, drugs etc. These regulations vary country to country. The exported or imported item falls under the specific product category and respectively the company can obtain the license. There are some restricted destinations which restricted for both the import and export such as Cuba, Sudan, North Korea, Pakistan, Syria and Iran since these countries promote the terrorist activity (Hennart, 2007). Trade Barriers: Government laws, regulation, policy and practices are generally known as trade barriers which are developed for safeguard the domestic products, labor and market from the foreign players or particular domestic products from the stimulating of artificial export. in order to restrict the business practices, there have been s similar effect which is not generally regarded as trade barrier. The government policies are imposed to protect the international exchange of goods and services in general common foreign trade barriers (Casson, 2008). Strategic: There are certain type of goods, services and information which is limited in the international trade for example goods which are associated with the weapons caused of mass destruction, arms, ammunition, advanced telecommunication, archaeological artifacts and all those items which are not in favor of the country. Some of the major example of these goods includes the nuclear suppliers group, missile technology and technological development (Dunning, 2006). Trade Tariffs: A trade tariff is the tax also known as economic barrier which is imposed by the local government on the items imported in the country. Whenever in the country the foreign competitors goods demand is rising and fallen the demand of domestic players then this tactic is used to safeguard the interest of domestic player. It is therefore the strategic reason to retain the domestic producers and increase their capability by providing them with subsidies and other support (Bartlett and Ghoshal, 2007). Advantages and Disadvantages of International Trade: There are some advantages and disadvantages of international trade for both the export and import. Advantages of Exporting: One of the major advantages of export is the ownership advantage which is specific to the firms international experience, asset and ability of the exporter to either develop the differentiated product or low cost product with in the values chain (Hertner and Jones, 2007). A combination of investment risk and market potential is k won as the location benefit of the particular market combination. In order to retain the core competencies within the organization and stitching it throughout the country without retaining the license, selling or outsourcing is the international advantage in export (Amatori and Jones, 2003). Some of the organizations having lower level of ownership advantage may do not enter into the foreign markets. In case a companys products and companys ownership equipped with the international advantage and ownership advantage, the entry can be made through low risk model known as exporting under the eclectic paradigm. There is low investment requires in exporting of goods than the other modes of international trade and expansion such foreign direct investment. Some how it is recognized that the lower level of risk result in ,lower level of rate of return than possibly the other modes of international trade (Khanna, 2007). On the other hand the usual return on international trade in export sales might not have greater potential but also there will be no risk. In export of goods the managers are allowed to exercise the various operational control however it does not have the option over the control of marketing activities of the company. The end consumer of exported goods is far away from the exporter though the various intermediaries can mange the risk (Jones, 2008). Disadvantages of Exporting: The exporting of goods is specifically difficult and disadvantageous for the small and medium size firms having employees less than 250. The sale of services and goods into the foreign market is difficult for them rather serving the domestic market. A lack of knowledge of different languages, difference in culture, exchange regulations and trade regulations having the major impact on exporting the goods for SMEs. In addition to this the staff interaction and strain of resources is a major block of exporting the goods. Despite this disadvantage, some of the SMEs are still exporting however two third of them sold out to the foreign markets (Jones, 2008). In addition to this there are some major disadvantages highlighted in the export of goods such as financial management, communication technology improvements, and customer demand and management mistakes. In order to minimize the risk of transaction process of exporting the goods and exchange rate fluctuation, it is essential to have more capacity for managing the financials for coping up the efforts (Nelson and Winter, 2007). Customers can now interact with the suppliers due to the recent development is the communication technology has improved the way of purchasing goods, since the communication is mush cheaper then what is was two decades ago. It leads more transparency in transaction and purchasing of goods and vendors are responsible for following the real time demand for submitting the transaction details (Hennart, 2007). The customers are becoming advance due to the improvement in the technology and they demand more support and services from the vendor such as startup and equip ment installation and startup, delivery service and maintenance which are difficult for the exporter to provide. There might be some pitfalls in the organization occurred by some of the management mistakes such as oversea a distributor, an agent or chaos in the global organization (Johanson and Wiedersheim-Paul, 2008). Advantages of Importing: Importing raw materials and goods is one of the paths of increasing the profit margins. There are number of benefits in importing the goods, such as high quality, low prices, and benefits related to the international trade. An importer can have the comparative advantage which means lower prices (Jones, 2006). Also the importer can have the much cheaper products from the foreign market due to low labor cost, low taxes etc. in terms of quality, the importer can have the higher quality goods and produce the finished goods with high quality and extend the business profit margins. In some countries, government provides the support to the importer for developing the trade relations (Nelson and Winter, 2007). Government provides the information of the manufactures and producers in the foreign country so that the importer can purchase the high quality and low price goods. Also due to the government involvement reduces the transaction risk. An importer can access to the regionally exclusive resources and cheap labor for producing the goods. These resources are required in the manufacturing process that have specialized skills and can be sound in certain countries. For example in electronic items, the Japanese people are highly efficient and manufacturer in UK use the labor from Japanese market for producing goods. The importing of resources includes everything starting from labor to technology (Fortanier, 2008). Disadvantages of Importing: There are many governments and economists who believe that the importing goods have numerous disadvantages. For example importing of goods could lead the erosion of the domestic markets and national economies specifically when there is trade deficit occur i.e. the import is higher than the export. Some of the goods like cars; appliances lead a higher level of domestic automobile and electronic markets and also loss of jobs in the respective markets (Hennart, 2007). Some other problems can also be increased due to import of goods such as conflict in the domestic values due to the acceptance of social values. The domestic industries can also be crippled due to the import of the countries where the wages are low and the domestic industries are unable to compete since they cannot lower down their prices of goods than the cost of goods and also they have the obligation to the worker union (Hertner and Jones, 2007). Free Trade Concept: The concept of free trade was introduced in the system to benefit the country and improving the condition of poor by providing them high quality and cheaper products. However as an economist, in my opinion free trade is erosion the domestic players for example if UK government lower the down the import duty on sugar then the demand for the imported sugar will increase and domestic player will not be able to compete with the foreign player (Johanson and Wiedersheim-Paul, 2008). On the other hand the economic category argues that free trade promote the environmental degradation, supporting the child labor, income inequality and wage labor, slavery, harming the national defense, enforcement of cultural change and accentuating the poverty in the country. The economists also argued that the importing goods under free trade are opposed by the domestic industries due to rise in competition in terms of product quality and cheaper prices (Nelson and Winter, 2007). A maximum exploitation of workers due to the free trade is also opposed by the socialists. Free trade generally do not reduce the poverty or improve the condition of working class in the country but frequently make them more poor. It also supports the colonialism and imperialism in the country. On the other hand I believe that in free trade consumer could gain more than the industrialists and the domestic producers are more likely to mobilize their products without lifting the tariffs (Jones, 2006). Conclusion and Suggestions: The competitive business environment enforces the businesses in both the international and domestic markets to retain their business and remain competitive. However depending on the need and potential of the business, it is essential to understand whether the company should indulge into the export or import activity (Gupta and Govindarajan, 2008). It is recommended to the businesses specially the medium and small companies to extend their business potential at domestic market first and then extend into the international market collaboration, joint venture or business partnership. Prosperity in the country cannot be achieved through protectionism since it increases only the poverty and also do not protect the domestic industries or jobs but harm the export business and industries which has belief on imports (Hennart, 2007).

Eating Disorders: Their Dark Sides :: essays research papers fc

"Anorexia nervosa is an eating disorder on an overwhelming dread of becoming fat. The result of this unfounded fear is self-starvation and major weight loss. In addition, the undernourishment may cause hormonal disturbances, anemia, heart problems, brittle bones and many other problems, some of which are life-threatening ("Anorexia Nervosa," 1). Bulimia is an eating disorder that is psychological in origin and can have dire physical consequences. While anorexics starve themselves, bulimics binge on food and then purge by self-induced vomiting. Bulimics also frequently use diet pills, laxatives, and diuretics to reduce their weight. The purging may serve two purposes: preventing weight gain and also temporarily relieving depression and other negative feelings ("Bulimia," 1)." These eating disorders are a major issue in society today due to society’s stereotypical view of women and young teenage girls, in, but many cases’ men are affected too.First, an eating disorder is an illness that affects several of the United States population because society has driven many people to be self-conscience about their appearance. For example, eight million people in the United States suffer from eating disorders ("The Secret Language of Eating Disorders," 1). Furthermore, 3% of all young women suffer from anorexia and 3-4% suffer from bulimia ("The Secret Language of Eating Disorders," 1). This proves that many women and teenage girls are affected because many are afraid of becoming fat and "unacceptable" to society’s view on women in general. In addition, 1% of boys and young men suffer from eating disorders, and their cases are becoming more common ("The Secret Language of Eating Disorders," 1). Also, it is a disorder that crosses racial and economical lines, those who succumb to compulsive starving or binge eating are males (Lang, 1). This shows that today’s society has also affected men’s stereo-typical view of their appearance and weight. Thus, eating disorders not only affect women, they also affect men, in which we are seeing more cases of every day.Second, victims of eating disorders such as anorexia and bulimia have many warning signs which help people notice the signs of these eating disorders. For instance, anorexia nervosa has the following symptoms: significant weight loss, excessive dieting and exercising, and constipation ("Anorexia Nervosa", 2). Also, bulimia nervosa has the following symptoms: makes excuses to go to the bathroom after meals, and eats large amounts of food on the spur of the moment ("Bulimia Nervosa", 2).

SAS Institute Case Analysis

1. Basic Business Model The business model of SAS is such that it in general it offers services coupled with software. Unlike typical firms in the industry it follows an annual software subscription model. Rather than sell its software, SAS leases to its customers – a strategy of immense importance in understanding the company’s relationship to its users. The fact that leases must be renewable annually creates a tremendous emphasis on customer satisfaction and quality in addition to stabilising its revenue. Furthermore, its products are made based on what customers require and its developmental process is almost wholly customer driven. There is also a strong focus on employee satisfaction leading to customer retention and loyalty which SAS believes is directly linked to customer satisfaction. As seen by the SAS Institute, the leasing strategy helps keep the company sharp by ensuring that technological advances are driven solely by customer needs. 2. Capabilities and Core Competencies to execute its Business Model SAS possesses many capabilities and competencies to help execute its business model effectively. These include flexibility from being a private company, an effective tacit leadership, unique corporate culture, strong brand, dedicated human capital and a considerable amount of financial resources which they efficiently allocate to certain projects whenever required. Being private, it is able to focus on the long term, continue to implement activities which have a strong focus on employee satisfaction and focus on slower but steady growth, something that would have most likely have not been possible had SAS been a public company. With a strong leadership spearheaded by CEO Jim Goodnight, coupled with a strong brand, SAS is able to recruit and retain the key talent it requires to execute its business model. Having a corporate culture which is egalitarian and based on mutual trust and respect also plays a significant role in retaining talent and keeping employees loyal and happy. With a dedicated human capital striving to continue the company’s growth, SAS does not only come up with innovative products which increase its revenue, it also saves more than $100million due to its low attrition rate. Key Success Factors The key factors are its unconventional management philosophies, customer driven developmental process and it being a private company. Unlike other software companies that focus on monetary benefits, SAS’s management philosophy is mainly employee centred with the provision of many intangible benefits. It also believes in a long term view of all issues and does not actively strive to reac h specified short term financial goals. These have led to a build up of a loyal and talented workforce and sustainable long term growth. Moreover, its products are built on customer needs and customer feedback is taken very seriously. Using the Voice of the Customer (VOC) approach, customer opinions and suggestions are compiled and used to guide the development process. Being a private company with no debt has allowed Goodnight to have a long term view of issues and also implement the abovementioned policies to provide employee satisfaction and consequently customer satisfaction as well. . Building of Capabilities and Core Competencies via People Management Practices With attraction and retention of talent central to the company’s continuing success, it has developed certain principles in its recruitment, compensation, employee benefits and outsourcing policies. It has a stringent recruitment process to ensure the cultural fit of its new hires and thereafter gives its employees as much autonomy as possible. It also actively promotes a work life balance and egalitarian culture with a promotion of non financial incentives, unlike other software firms thus creating a unique corporate culture, â€Å"One of cooperation, teamwork and mutual respect† . Moreover its flat organization structure, open door policy and informal work environment encourages communication at all levels of the organization.. This has also led to the development of a strong brand and increased employee satisfaction which not only enables the company to attract but also retain talent. As shown in the diagram above, this leads to increased customer satisfaction and thus increasing revenues. All in all, these practices have helped promote the building of its capabilities and competencies to a large extent ?Is the SAS Model perfectly in balance? With SAS focussed on long term growth and emphasizing non monetary benefits for its employees, this model has been almost perfect for them. It is not fair to say that the model is perfectly in balance as a firm’s model is largely determined by its capabilities and core competencies. A public company for instance would not enjoy the flexibility that SAS enjoys. It would not be able to provide such extensive employee benefits or focus on long term growth at the expense of short term profitability. No model can fit all organizations and be perfectly in balance and SAS is not different. For example, if its model is in balance, its attrition rate despite being low would be 0 and not 4%. 4. Difficulties in imitating SAS’s approach Being such a differentiated company compared to the rest of the industry in many aspects, it is difficult to duplicate SAS’s approach which is based heavily on intangible assets. â€Å"†¦intangible assets almost never create value by themselves. They need to be combined with other assets. † Hence, not only do these intangible assets such as SAS’s unique corporate culture take years to implement, it is also hard to imitate as the social complexity of a company's culture is so ambiguous that it is almost impossible to find out how it works and combines with each other. ?Why few firms have tried to implement many of its People Management Practices Big companies with strong brands such as IBM could follow its stringent recruitment process but would not be able to imitate its unique culture as easily. With most companies providing incentive compensations and stock options, it would not be easy to eliminate that and emphasize non-monetary incentives. This is especially so when public companies would have to go through its board just to provide employee benefits on a similar scale as SAS. It would also be unfeasible to bring outsourced functions back in-house as it would most certainly drive up labour costs and hence be blocked by a hard-nosed board. 5. Extent to which SAS is dependent on continuation of its CEO With a flat organization structure and having 27 direct reports, Goodnight also appears o be very much on top of all the details of the organization. Conversely, he appears to give his direct reports a clear direction of where SAS Institute is going on the product or technology front, and then let them run their own areas. Even though Goodnight is no longer directly involved with most decisions related to SAS’s work culture, his original vision has spawned a self-perp etuating culture, and â€Å"new† decision makers now share his vision, which governs the variety of philosophies, strategies, and practices adopted by the company since its inception. Even though the culture looks so strong that it would survive a change in leadership, the new CEO would not only have to possess business leadership ability but also shares the same values as Goodnight so that SAS does not deviate from its current approach to its business and management. Hence, with no formal succession planning and still being heavily involved in almost all aspects of the organization, the SAS institute approach to its business and management is heavily dependent on Goodnight’s continuation. . Theory of Human Motivation and Behaviour underlying SAS’s Management Approach Maslow’s Needs Hierarchy seems to underlie SAS’s approach to people management. 7. Barriers in implementing knowledge of how SAS manages its people Firstly, a barrier in trying to implement freedom and autonomy coupled with possessing employees with intrinsic motivation is not only the lack of talent but finding talent with the required characteristics. Secondly, extensive employee benefits such as a gym, day-care and the absence of commission-based pay for its account representatives would most likely not been possible if a company is public. Thirdly, a lack of explicit support and encouragement from top management would be another barrier as this is important for the promotion of an egalitarian culture based on trust and mutual respect on top of a family-friendly atmosphere. 8. Major Challenges SAS may face in the next 5 years and its Impact Due to the changing dynamics of the software industry and increasing global competition, the company has to expand its talent pool which is already in shortage. Hence, there might be a need for the company to come out with new ways to attract talent. Practices such as providing more career advancement opportunities would be important in retaining them. Another challenge would be to develop current staff to meet future needs whilst nurturing its talent to fulfil their potential. SAS might have to change its current unstructured approach where employees are free to come up with and develop their own projects and idea. A more structured approach to its job design could be considered to help nurture and develop staff. In general, SAS’s practices have been working for them and look to be able to continue to help them succeed. However, certain aspects could be improved in the future to overcome potential future people management problems such a new generation of workers demanding a different set of benefits than the one SAS currently offers. . Lessons drawn By paying extraordinary attention to its customers and employees, the company has differentiated itself from other companies in the competitive industry, and subsequently has created this â€Å"wheel of loyalty† which resulted in both employee and customer retention. For various HRM practices such as recruitment and selection, great care must be taken to ensure all practices are designed to fit t he company’s business model and culture and at the same time also highlights its strengths, to promote a competitive advantage. For instance, during recruitment, SAS took great care to hire people to ensure a cultural fit. In addition, its job design was such to fit into its philosophy of trust and autonomy between its employees. There should also be a strong relationship between management and employees to produce competitive advantage, hence SAS’s promotion of an egalitarian culture. ?Future of HRM in firms like SAS The future of HR should be one that is committed to working with line managers to improve SAS’s bottom line, create service value for customers and create workplace value for employees. Leadership and management training should be initiated for senior managers while knowledge sharing within the HR function would be vital for SAS to move forward and expand globally. HR should also become a champion for employees while working to increase employee contributions, specifically commitment and ability to deliver results, be an agent for continuous transformation, and cultivating a culture that will improve SAS’s capacity for change.

Pride And Prejudice By Jane Austen - 1263 Words

Pride and Prejudice’ is concerned with the equality of personhood between characters in the story. For instance, the marriage of Charlotte Lucas marriage to Mr. Collins which can be demonstrate the fact that marriage in the 19 century England, was ultimately seen as being an economic institution, dictated primarily by economic means. Miss Lucas, whom is a woman with small fortune, recognized her requirement for a wealthy husband to ensure that her social and cultural sustainment and thus, she marries Mr. Collins for whom she does not feel any loving emotion, â€Å"it is impossible that every moment should be employed in conversing together†. Within this, Austen presents a more cynical view of marriage, that of happiness not as marital†¦show more content†¦Mr. and Mrs. Bennet’s relationship can be revealed to the reader within the first few paragraphs of chapter one You mistake me, my dear. I have a high respect for your nerves.’’, their relationship is shown as being to be intricate and one-sided. Mr. Bennet and Mrs. Bennet are seen as being very different people as they do not share any similarities as married couples. Mr. Bennet is seen as being a multifarious man, as he has two main hobbies in life which is reading and teasing his wife â€Å"high respect for your nerves†. Conversely, Mrs Bennet is seen as being an artless and injudicious character, as she seen as being unable to tell when she is being teased by her husband. Catherina and Edgar Linton’s marriage is seen as being attraction of status as she is only attracted to him because of his lifestyle, as Edgar can provide Catharine social security whereas Healthcliff cannot. Their marriage is portrayed as in terms of power as Catherine can be seen as desiring Edgar because of the money and the position he offers hers, which she seen as thinking as a way to better the life of Heathcliff, it is suggested that their relationship Is seen as growing from abuse as she has power of him and Edgar willingness to give her everything â€Å"You’ve made me afraid and ashamed of you†, even though with the abuse that he is experiencing, he doesn’t not leave her although with the pain that she is causing him showing his loyalty to their marriage.