What Is The Value Of Keeping An Accurate Inventory

Inventory keeping plays an important role in the supply chain of many companies and organizations. Efficient inventory control and management to a large extent depends on the way and manner inventory records are kept. Good record keeping makes it easier for inventory to be kept properly, whereas bad or inaccurate record keeping unduly stalls movement of raw materials and finished goods in the supply chain. In this paper, an attempt shall be made to highlight the value of keeping one’s inventory accurate. Helps in achieving Operational excellence The value of keeping one’s inventory records accurate has been emphasized by several research workers (Kok and Shang, 2006; Smaros, Lehtonen, Appelgyist and Holmstrom, 2003; Cachon and Fisher, 2000). Commenting on this subject, Kok and Shang (2006) for example, pointed out that inventory record inaccuracy is a major obstacle to achieving operational excellence. To these authors, for one to achieve operational excellence, every effort should be made to keep one’s inventory records consistently accurate. Helps in lowering total distribution costs According to the Chartered Institute of Marketing (CIM) (1994), total distribution cost is the summation of the costs incurred in transporting, warehousing, order processing and documentation, inventory, packaging, lost sales for failing to meet set standards of goods. The relationship between these variables and distribution can be expressed mathematically as: D= T + W + O + I + P + S where: D is total distribution cost T is transportation cost W is warehousing cost O is order processing and documentation cost I is inventory cost P is packaging cost. S is lost sales as a result of failing to meet required standards From this formula, any undertaking which lowers the cost of these variables in the supply chain would also contribute in making the total distribution cost lower and therefore more cost-effective. Keeping a company’s inventory accurate therefore helps in this direction. The reverse is what takes place when inaccurate inventory is kept. Distribution is component of the classical marketing model known as the 4Ps. Distribution can therefore be a good source of competitive advantage at the marketplace. Companies that make their distribution network more cost-effective can have a huge advantage over their competitors. Helps in building trust in the supply chain In today’s business world, it is not uncommon to find companies share their inventory records with partners, some of which could even be competitors. Some of these information exchanges take place in real time and also defies geographical boundaries. Many of these relationships and arrangements are founded on trust. As such, the value of keeping accurate record cannot be over-emphasized. This is because inaccurate presentations do not only undermine the work of the company in question but also all the significant others which used that piece of information to plan and manage their work. Helps in demand estimation For existing companies, past inventory records greatly assist in estimating future Demand for goods and services at the beginning of the financial year. From such information, the quantity of goods that should be manufactured at any given time can be estimated accurately. Helps in sourcing and procurement for cheaper raw materials. Accurate inventory records also help in sourcing for and procurement of cheaper raw materials for the company. The cost savings from such undertakings can then be passed on to the final customer in cheaper prices. On the other hand, inaccurate records hinder procurement departments in establishing present stock levels and the replenishments that must be procured. Helps in the arrangement of logistics Similarly, inventory records assist the distribution outfit of the company to arrange for transportation and other logistics to convey the manufactured goods to the final customers in the value-chain. In situations therefore, where the inventory information provided to the aforementioned departments are inaccurate, it can seriously hamper their work which can be lead to severe losses to the company. Let us consider a scenario where the company’s stocks are full at the storage depots but her significant partners are informed that stock levels are at 50 percent. A raw material supplier to this company would make arrangements for materials to be sent to this company, only to be told that the company does not need these materials until the present stocks have been cleared. Equally, the company’s outsourced logistics partner would restrict herself to transporting goods equivalent to half the capacity of the company’s warehouse to the retailing units. The transporters get to the warehouse to find that they are not adequately resourced to carry out the logistical task ahead. If they are not fortunate to find that all the available transports have been booked, clearing the warehouse of existing stocks would be a Herculean task, if not impossible to the outsourcee company. Helps in Business planning and coordination. Apart from helping to estimate demand accurately, keeping accurate inventory records also help in business planning and coordination itself. With accurate inventory records, it is easier for a company to plan its way forward. For example, if it is learnt from past inventory records that the company obtained its highest sales in the first quarter of the year and not the last quarter, it can plan to augment its sales personnel during this period. By employing several part-time and temporal workers, it can comfortably fulfill customer demands at such peak periods. Similarly, it can use the low- through periods to train its staff or allow them to take their vacations. Wilson (1995) has pointed out that susceptibility of materials planning systems to record errors reduce their effectiveness. Thus, in situations where remedial steps such as cycle counting programmes are not implemented to correct deficiencies, the performance of the company can seriously deteriorate. Helps in production scheduling The importance of keeping accurate inventory records to the producer in sourcing for raw materials has already been stressed. Another value such an undertaking brings to the producer or manufacturer is in the area of scheduling the production itself. Mass customization of goods has become the order of day in many market sectors and industries. Whereas this system de-emphasizes storage of goods, in some instances it depends on inventory records to determine whether a specific request should be manufactured or one is ready available to be sent to the customer. In that respect, accurate inventory records contribute greatly in scheduling production of goods cost-effectively. Helps in Inventory control. Accurate records help in controlling inventory itself. According to Lamb, Hair and McDaniel (2000) an inventory control system develops and maintains an adequate assortment of materials and products to meet the demands of manufacturers and the final consumer. If the input furnished the inventory is inaccurate, that deficiency can seriously affect the manufacturer and the customer alike. A typical example of this distortion is when too many goods are kept in the inventory. This development leads to increases in storage cost and in some cases losses attributable to theft and spoilage. In the same vein, when goods are under stocked, it can lead to severe shortages and also angry and unfulfilled customers. A reflection of Managerial capabilities The way and manner inventory records are kept in a company is also a reflection on inventory managerial capabilities of the management team of the company or the logistics and distribution department. If available records are full of errors and inconsistencies, it simply tells any cursory reviewer that sufficient supervisory oversight is not being administered. On the other hand, an accurately kept inventory records is indicative that the managerial staff are up to the task. Helps in warehouse management Warehouse management plays a vital role in the supply chain of some companies. They serve as an effective link between manufacturers and market intermediaries such as wholesales, middlemen, retailers, etc. Accurate keeping of inventory records constitutes an integral part of warehouse management. It is difficult to manage warehouses properly if records of inventory are not properly kept. If that occurs the warehouses could be receiving newer stock when in fact they should be rejecting on the basis of present stock levels. In like manner they could be rejecting stocks when they should be accepting them. Any of these scenarios place additional costs to the warehouse manager. In the same vein, it also makes the handling of materials difficult. Helps in the identification, sorting and labeling of goods Accurate inventory records helps in identifying, sorting and labeling goods (Lamb, Hair and McDaniel, 2000) either for storage or to the distribution and manufacturing centers. Goods that are properly identified sorted out and labeled are easier to handle than those which are not. They also save material handlers or workers valuable time and thereby increase their productivity. Helps in securing financial assistance As with every segment of a business entity, good record keeping, including that of inventory, helps greatly in securing financial assistance. For existing companies, the financing institution may review existing records to gain insight into how the company has been managed. If inventory records have been badly kept, it indirectly tells how the company has been managed. Furthermore, if management of inventory were one the criteria being used to decide whether financial assistance should be extended to the company or not, it is obvious that the company with an accurately kept inventory shall receive the assistance whereas those with improperly kept data refused the needed financial help. Inventory records themselves are also useful in the preparation of business proposals and plans for financial assistance. Helps in order processing Keeping accurate inventory records also helps in processing received orders correctly. If an order is received and the information is relayed to the manufacturing centre, whether that order gets fulfilled immediately depends on whether accurate inventory records have been kept. If the inventory records are inaccurate, the customer may be sold a good that does not match his requirements or the fulfillment of that order may be unduly delayed. Helps in Replenishment of stocks Accurate inventory makes replenishment of goods either at the warehouse or in store shelves easier to suppliers, be they manufacturers, wholesalers or retailers. Whereas, if doubts are expressed about inventory records, they make replenishment extremely difficult. The difficulty stems from the fact one is not entirely sure about the quantity of goods that should be supplied at any given period. Consequently, over- and under-replenishment becomes common. This development has cost implication to the supplier. For example, if goods are sent to their desired destination and it is found that there is no space to accommodate them because stock levels were understated, those goods would have to be transported back to the supplier. On the other hand, if inventory records were accurate, the goods supplied would be delivered with no extra cost to the supplier. Helps in lowering supply chain costs Generally, it has been established that accurate inventory records reduces order processing and supply chain costs (Cachon and Fisher, 2000). For example, if the time taken to identify inaccurate inventory records and have them rectified is 20 percent of the total time spent at customer-seller interface by the customer, that figure represents the extent of convenience and also loss of man-hours experienced by the customer and sales personnel, respectively. Helps in providing excellent customer service Accurate inventory records also help in providing excellent services to customers. It makes it easier for goods actually needed by customers to be known and supplied with. Furthermore, it enables the needs of customers to be identified and promptly catered for. It also prevents wastage of store shelves by filling them up with goods that are in great demand by customers. Conclusion From the foregoing account, it has been clearly shown that keeping a company’s inventory accurate is a valuable undertaking. Companies with inventory that adhere to set inventory practices reap several benefits, whereas those which do not incur losses. In an era where inventory building is being de-emphasized, the need for companies to keep their inventory records accurate has become even more paramount.

Power of Culture to Create Better Future Essay

It is rightly emphasized that â€Å"The future depends on what you do today. † And whatever we do today represents our culture. Actually Culture is a word for people’s ‘way of life’, meaning the way they do things. Different groups of people may have different cultures. Culture is seen in people’s writing, religion, music, clothes, cooking, and in what ever they do which makes their country different and unique from others. Culture simply means to control the over nature. It includes the outlook, attitude, values, goals and practices shared by society. As different people have different cultures, they have different ways of thinking about and understanding the world and their own lives. As for my country, I believe that my culture is a lot different from others. My culture says to meet everyone with a smile. My culture teaches me how to do good deeds. It teaches me to prevail brotherhood. How would a nation survive without brotherhood? Without peace? How would u want your future to be? Violent? No right? So that’s how our culture helps to create a better future. We all would definitely want a peaceful future and if we follow our culture, we would definitely have it like we want. Our culture also includes the way we dress. Our dressing plays one of the most important parts in our culture. It shows our belonging to our country. As in my country women are supposed to cover themselves or they are said to be half responsible for violence. If we don’t follow this tradition then definitely our future can’t be good. If we follow these traditions now, our children who are the actual future will learn this and this would lead them towards betterment and as it is said, â€Å"A person without the knowledge of their past history, origin and culture is like a tree without roots† Culture also means the integrated pattern of human knowledge and belief. And whatever people believe today comes from education. As Malcolm X said, â€Å"Education is the passport to the future, for tomorrow belongs to those who prepare for it today. † Education is the main way for a better future. If we won’t be educated now, what will happen in the future? My country’s culture teaches me to get education, no matter how long you have to travel. And if we follow the culture today, we would get what we want in the future. Education is the key to success. It can help us in the development of our nation. People now days usually forbid women education but The founder of Pakistan, Quid-e- Azam M. A. Jinnah said, â€Å"NO nation can achieve anything, until it is women who go side by side with men even to the battle field. † Women and men are equal. This difference has been finished now days. There are working and successful women who influence our daughters to do something better for the future. That is the power of our culture. It influences the today’s world which inspires the new generation. Education also enables us to create new technology which makes our lives easier. Today, the world is much more problem free than the olden times. The reason is because technology is invented. More technology may help our lives get easier and lead us towards a better future. Cultures influence our lives. They teach us the rules to live in a country. Our culture also says to follow rules. We follow rules and this can be counted as a step towards betterment. Not following rules may lead to accidents and accidents are the first step towards violence and terrorism. Following rules, whether in our country, home, school or anywhere, can be counted as a help towards a better future. In the end I would just like to say that now a day’s people are forgetting about our culture. Following our culture might help us create a better future. Every little step counts. Now it’s up to us if we want to start the journey because as Bob Marley said â€Å"Every man gotta right to decide his own destiny. †

Using antibiotics on dairy herds. Im going in favor of this process Research Paper

Using antibiotics on dairy herds. Im going in favor of this process - Research Paper Example About 1.3 million human clinical salmonellosis case and more than 500deaths that are associated with this salmonella may occur annually in the US alone. Therefore there is a need to use antibiotics in daily herds to control these strains most of which are drug resistant to reduce these effects from the daily products to humans. The use of antibiotics has over the time portrays success in controlling diseases and other pathogens from the daily herds to humans. A study by Church et al, (4220) concerning the treatment of intra mammary infections that were infected by minor pathogens such as Corynebacteruium boris portrayed that that though dry milk periods aided in milk production, there were no considerable effects on milk production related to udder health in short dry period and long dry period, treatment of the intramammary infections could only be treated using antibiotics. The use of antibiotics has therefe been considered and found to be the most effective methods through which bacterial infection in both daily and other herds can be approached with due to the growing resistance of some bacterial strains. These strains continually develop resistance to major drugs in the market. Hartzell et al (763) explain that the Escherichia coli 0157:H7 was first recognized as a food borne pathogen in 1982. This or ganism has spread over time and is highly virulent and can lead to debilitating and deadly disease that include hemolytic uremic syndrome (Relay et al 1983 as quoted in Hartzell et al, 763). This organism does not have an effect on cattle though it colonizes the intestinal tract of cattle. Such organisms are passed to humans though fecal matter, ground beef, raw milk, lettuce spinach and other related plants that cow dung may be used as a fertilizer. Sanderson et al (781) argues that Salmonella causes gastrointestinal illness in both livestock and humans. This is another

Teaching Strategies for Students that are Mental Retarded Essay

Teaching Strategies for Students that are Mental Retarded - Essay Example The mutilation of students who are mentally disturbed in reading skills of comprehension display differences in accordance with their disability level. Many people do not see the possibility for such students (mentally retarded) to learn writing and reading skills. The problems of these students are evident in the dimension of reading comprehension. Appropriate methods of teaching have become suggested to help students conquer these difficulties. The major areas in which mentally retarded students experience difficulties are finding the textual components in their reading and associating these components. The reasons for these difficulties as suggested include lack of repeating strategies, memory problems, short attention span and problem in transferring the leant work (Iskdogan & Kargin 3). Strategies One of the reading comprehension technique taught is story map. It is the representation of some section of or the entire story and how fundamental components of the story are linked t o each other in the form of graphics (graphical form). It is also a technique of constructing a schema, which involves teaching the relationships of sections of a story with each other to the person who reads, and providing the necessary components of the story in a schema so as to draw the attention of the individual who reads. The purpose of this method is help students build the story about the fundamentals of the story in their minds with no use of the visual material given as a story map after a certain time. The technique is also meant to improve thinking structures, which provide text comprehension. This method (story map) is effective in separating the information which is significant and insignificant in the story, providing active participation, activating foreknowledge, predicting, directing students, and transferring data into long term memory (Iskdogan & Kargin 4). The didactic approach is another strategy of teaching. This is based on games and exercises. Modern commun ities of researching and teaching agree that learning is effective, despite the philosophy or educational model used, when students get involved in games and exercises. In accordance with the socio-cultural theory, learning is majorly a social process. The most effective practices of education should be constructed upon all the ways in which people are specifically gifted at getting information kinds and causal patterns. Games and exercises are all about interactions with other persons. The interactions of the mentally disturbed students with each other will help them understand and improve their relations with others, and also learn from them. Children acquire most of their knowledge through others, and that knowledge occurs outside school settings such as museums, toys, televisions and other artifacts, or even different games activities like playing soccer, doing athletics, and playing chess (Reis et al 3). Traditionally, the main learning form has been the known teacher directed learning or guided learning. This is where the teacher or trainer makes all the appropriate decisions and the student follows him or her. In such a model of learning, the teacher decides about the learning goals, the strategies of learning, ways of measuring outcomes, and deals with judgment, results and feedback. The other two types of learning experiences are experiential and action learning. Serious awareness have become made on the benefits of new

Cultural Dynamics Essay Example | Topics and Well Written Essays - 500 words

Cultural Dynamics - Essay Example Mary Jo Hatch helps us reflect upon culture and gender dynamics and how we personally might reflect on those issues. Schien, on the other hand felt that culture was defined on three layers which were the surface which is where artifacts are, underneath the surface of artifacts where values a, and at the core, our basic assumptions. A assumption according to Schien (1985) is a belief that is taken for granted about reality. Values are those principles, philosophies, goals, and standards that are considered important in our society and artifacts are those things that are visible, tangible and audible. The American flag would be an example of an artifact. When compared side by side, both theories appear very much the same. Stein sees cultural dynamics as a learning process and Mary Jo Hatch see it as a change process that describes how an organization defines the things that are important about it and how those things change. Both theories are really a blend of the things that occur in an organization. Mary Jo Hatch notes the importance of the same issues such as values, artifacts, symbols, and assumptions as does Schein. It is the philosophy of how those things are important that is somewhat different. Ms Hatch tells us that what we value in our organizations is developed from what we assume to be true. Values are carried through the organization through the strategic plan and employee evaluations.

The Financial Crisis of 2007 Research Paper Example | Topics and Well Written Essays - 1750 words - 1

The Financial Crisis of 2007 - Research Paper Example The 2007 financial crisis proved to be the worst financial crisis in the history of finance. Nowadays, economies are not surviving in isolation but, actually, they are interlinked and due to this reason a fluctuation in one economy can have significant impact on other countries’ economies as well. Lately, due to this reason some major bankruptcy issues were faced by countries like Italy, Greece and Egypt. In this regard, it becomes essential to get insights about the major triggers behind financial crisis so as to develop some individual backup plans in order to survive in the times of recessions and financial crisis. For each individual, it is imperative to understand the basic criteria of spending and investment during the times of recession. Subsequent paragraphs expansively provide insights about the major triggers behind global financial crisis and events that led to these crises. Major Triggers Behind Global Financial Crisis 2007 The major reason behind the occurrence of global financial crisis 2007 was the crash of the US housing markets. This situation was mainly caused by the issuance of subprime mortgage and subsequent defaults of the U.S. in the beginning of new millennium, the world’s economy faced serious concerns including terrorists’ attacks of 9/11, collapse of dot com bubble followed by recession 2007.

Prospects and Pitfalls For Foreign Players In Chinas Financial Market Dissertation

Prospects and Pitfalls For Foreign Players In Chinas Financial Market - Dissertation Example The resilience and flexibility demonstrated by the Chinese economy during the Asian financial crisis served as added come-ons to foreign investment, such that by 2005 the foreign funds flowing into China reached $72.4 billion (Kurtenbach, E., 2006). Another built-in attraction is China’s 1.3 billion people, the world’s largest population group in one place, that make for a consumer market unmatched anywhere in size and importance. Since the flags on all economic indicators in China are up, such as on investment, foreign exchange reserves, GNP and GDP, exports, employment and per capita income, these all come down to a strong purchasing power. This rises to dizzying heights as the central bank buys off dollars generated from trade surpluses and from the inflows of foreign direct investment and speculative capital. The country’s export trade continues to grow by 20 percent yearly, while GDP, which currently averages $1 trillion, is programmed to reach $4 trillion i n 2020. All these set the stage for the â€Å"big Chinese growth party† (Schlotthauer, N., 1999) that had actually been jumping early on, involving foreign companies in retail, manufacturing, pharmaceuticals, computers, electronics, office equipment. World players in the financial sector took longer at the gates because of the more delicate nature of the business. Now, as China turns its juggernaut of reform to the development of its financial market, many foreign financial institutions of consequence are casting an interested eye on China.

The earnings report management in the United Kingdom Essay

The earnings report management in the United Kingdom - Essay Example This research aims to evaluate and present the aspects that include adverse market reactions to the share price put on a listed entity incase outcomes fall short of the expectations of the market, the relationship of executive managers; salaries to results, stock options and capital gains, compliance with loan covenants and understating profits for the reduction of tax liabilities among others. In the United States of America, financial reporting has been strengthened with vigorous investigations of earnings manipulation and manager dealings. This was highly used by US SEC and other regulatory authorities. This was done mainly because financial frauds that have occurred recently have been due to insider trade relationships and earnings manipulation. In addition, there have been changes in accounting discretion, which influence issues that touch on accounting and financial earnings. One of the most famous methods that managers can use to manage earnings is through the administration o f accruals with avoidance of direct cash flow outcomes. Some examples are unjustifiable dreadful debts requirements, delay in asset write-offs and opportunistic assortment of accounting techniques among others. However, the discretionary element of accruals has created a loophole for executive to manipulate the accrual element of earnings. Because of the flexibility provided by Generally Accepted Accounting Principles (GAAP), accrual earnings management could result to managerial discretion.

Consumer Behavior Essay Example for Free

Consumer Behavior Essay Consumer behavior is an attempt to understand predict human actions in the buying role. It has assumed growing importance under market-oriented or customer oriented marketing planning management. Consumer behavior is defined as â€Å"all psychological, social physical behavior of potential customers as they become aware of, evaluate, purchase, consume, tell others about product services†. * Each element in this definition is important. * Consumer behavior involves both individual (psychological) processes group (social processes). * Consumer behavior is reflected from awareness right through post-purchase evaluation indicating satisfaction or non-satisfaction, from purchases * Consumer behavior includes communication, purchasing consumption behavior * Consumer behavior is basically social in nature. Hence social environment plays an important role in shaping buyer behavior. * Consumer behavior includes both consumer business buyer behavior In consumer behavior we consider not only why, how, what people buy but other factors such as where , how often, and under what conditions the purchase is made. An understanding of the buyer behavior is essential in marketing planning programmes. In the final analysis buyer behavior is one of the most important keys to successful marketing. MAJOR FACTORS INFLUENCING BUYER BEHAVIOUR CULTURAL FACTORS Cultural factors exert the broadest and deepest influence on consumer behavior. The roles played by the buyers culture, sub culture and social class are particularly important. * CULTURE- Culture is the most fundamental determinant of a person’s wants and behavior. The growing child acquires a set of values, perceptions, preferences, and behavior through his or her family or other key institutions. * SUB-CULTURE- Sub-culture includes nationalities, religions, racial groups, and geographical regions. Many sub-cultures make up important market segments, and marketers often design marketing programs tailored to their needs. * SOCIAL CLASS- Social classes are relatively homogenous and enduring divisions in a society, which are hierarchically ordered and whose members share similar values, interests, and behavior. Social classes do not reflect income alone but also other indicators such as occupation, education, and area of residence. SOCIAL FACTORS * REFERNCE GROUPS- A Person’s reference groups consist of all the groups that have a direct or indirect influence on the person’s attitudes or behavior. Groups having direct influence on a person are called membership groups. * FAMILY- The family is the most important consumer buying organization in society, and has been researched extensively. Family members constitute the most influential primary reference group. * ROLE AND STATUSES- A person’s position in each group that he participates throughout his life –family, clubs, and organizations can be defined in terms of role and status. A role consist of activities that a person is expected to perform. Each role carries a status. Marketers are aware of the status symbol potential of products and brands. PERSONAL FACTORS A buyer’s decisions are also influenced by personal characteristics. These include the buyer’s age stage in the life cycle, occupation, economic circumstances, lifestyle, personality self concept. * AGE STAGE IN THE LIFE CYCLE- People buy different goods services over their lifetime. They eat baby food in the early years, most foods in the growing mature years special diets in the later years. People’s taste in clothes, furniture recreation is also age related. * OCCUPATION- A person’s occupation also influences his or her consumption pattern. Marketers try to identify the occupational groups that have above – average interest in their products and services. A company can even specialize its products for certain occupational groups. * ECONOMIC CIRCUMCTANCES- Product choices are greatly affected by one’s economic circumstances. Economic stability consist of their spend able income (its level, stability and time pattern), saving and asse ts (including the percentage that is liquid), debts, borrowing power, attitude toward spending versus saving. * LIFESTYLE- People coming from the same subculture, social class occupation may lead quite different lifestyles. A person’s lifestyles the person’s pattern of living in the world as expressed in the persons activities, interests opinions. * PERSONALITY AND SELF-CONCEPT- Each person has a distinct personality that influences his or her buying behavior. By personality, we mean a person’s distinguishing psychological characteristics that lead to relatively consistent and enduring responses to his or her environment. Personality can be a useful variable in analyzing consumer behavior, provided that personality type can be classified accurately and that strong correlations exist between certain personality types and product or brand choices. PSYCHOLOGICAL FACTORS A person’s buying choices are influenced by four major psychological factors-motivations, perception, learning, beliefs and attitudes. * MOTIVATION- A person has many needs at any given time. A need becomes motive when it is aroused to a sufficient level of intensity. Motivational researchers hold that each product is capable of arousing a unique set of motive in consumers. * LEARNING- When people act they learn. Learning involves changes in an individual’s behavior arising from experience. Learning theory teaches marketers that they can build up demand for a product by associating it with strong drives, using motivating cues and providing positive reinforcement. * PERCEPTION- Perception is the process by which an individual selects, organizes, interprets information inputs to create a meaningful picture of the world. A motivated person is ready to act. How the motivated person actually acts is influenced by his or her perception of the situation. * BELIEFS ATTITUDES- A belief is a descriptive thought that a person holds about something. Through doing learning, people acquire beliefs attitudes. These in turn influence their buying behavior. Particularly important to global marketers is the fact that buyers often hold distinct disbeliefs about brands or products based on their country of origin. An attitude is person’s enduring favorable or unfavorable evaluations, emotional feelings, and action tendencies towards some object or idea. People have attitude toward almost everything: religion, politics, clothes, music, food, and so on. Attitude put them into a frame of mind of liking or disliking an object, moving toward or away from it.

Macro Mechanics Essay Example for Free

Macro Mechanics Essay The first chapter â€Å"Introduction† provides detailed overview of the book content. The author discusses the scope of the book, its goals and objectives, and special attention is paid to chapters’ content. David Ashby, the author of the book, argues that the key task of economy is â€Å"to coordinate the kinds and quantities of goods and services produced with the kinds and quantities that buyers want†. (p. 1) Central government planning is assumed to deal with coordination among monetary capacity and demand for output, whereas the book’s goal is to present how this process is being accomplished in market-oriented economy and in private enterprises. Ashby stresses that, for example, in the USA coordination process is automatic process meaning it doesn’t need government involvement; coordination process has evolved through the changes in interest rates, employment levels, prices and output. Ashby discusses the disturbances that trigger coordination process and highlights peculiarities of the macroeconomic coordination process. Actually, he defines macroeconomics as the study of policy methods for manipulating levels of coordination process; moreover, macroeconomics is the study of key determinants of employment levels, interest rates, prices and outputs. In this respect, the book offers original approach to modern macroeconomic analysis. The author recommends three aggregative magnitudes for examining coordination process: GDP that represents annual rates of national produced goods and services; APE that represents current rate of demand; and ASF that represents the limit imposed on annual purchase of current output. Further, Ashby stresses the importance of studying macroeconomics because it gives an excellent opportunity for becoming more informed choices instead of a voter. Thus, modern person should be able to assess quickly what he future employment prospects are, what the current macroeconomic situation is, and what actions the government can take in crisis situations. The book consists of 16 chapters and several tables that illustrate the nature of economic coordination process and its dependency on twenty-four fundamental relations. Chapter 2 provides extended definition of GDP, how it is measured why it is important for macroeconomic coordination process. Chapter 3 discusses the concept of GDY stressing that it equals GDP, but its key goal is to measure the incomes produced during the national output production. The next chapter highlights the concept of APE and discusses its dependency on employment, output, interest rates and prices. Chapter 5 provides definition of ASF and explains its key fundamentals and its relations with income and interest rates. Chapter 6 discusses the third aggregative multitude – ADF – and examines its relations with ASF. Their interplay is funding adjustment. Chapter 7 and 8 examine the â€Å"microeconomic foundations of the output-price adjustments that commence whenever APE and GDP are unequal†. (p. 6) employment levels, interest rates, prices and output make coordination process function effectively through changes and restoring equality. Chapters 8 and 9 discuss the causes and reasons of inequalities among ASF, APE and GDP identifying inequality situations. Chapters 11 and 12 concentrate on the monetary and fiscal policy used for manipulating the macroeconomic coordination process. Chapter 13 and 14 address induced business cycles, international and foreign trade, income policies. Special attention is paid to policy hurdles that may lead to liquidity traps, macroeconomic inconsistency or timing lags. Chapter 15 examines trade impacts and trade restrictions. The final chapter draws relevant conclusions about macroeconomic coordination, and provides fresh look at exchange rate regimes and exchange rate determination in relation to domestic fiscal and monetary policies. Chapter 2: Summary The second chapter â€Å"Output† provides extended definition of GDP or Gross Domestic Product, prices level indexes, and discusses the ways how to adjust Gross Domestic Product. Ashby writes that a nation has three limited factors of production – resources/and, labor and capital. Firstly, resource/land includes not only the land itself, but also animals, mineral resources, vegetables that are obtained from the land. Secondly, labor resource is human work effort. Thirdly, capital includes everything that refers to producing goods and services as, for example, machines, buildings, tools, processed ingredients and manufactured parts. Ashby writes that production processes â€Å"combine quantities of resources/land, labor, and capital to create a wide variety of goods (i. e. , merchandise) and services†. (p. 10) Nevertheless, the negative moment is that existing technologies and availability o factors limit what the nation is able to produce. Therefore, Gross Domestic Product or GDP is very important for macroeconomic coordination process as it helps to calculate what the nation can produce and what benefit it will give to the nation. GDP is defined as â€Å"the value of the total output of goods and services produced within a country during a year’s time†. (p. 11) The market values are added together for calculating the GDP. In particular, the Department of Commerce puts together the actual average selling prices and the number of units produced. Nevertheless, it is necessary to remember that the Department of Commerce has to deduce cost of any foreign materials and services, as well as materials and services that have been measured as GDP of other producer. Ashby writes that â€Å"price shall refer to the market value per unit of the product minus any multiple counting of costs as well as any costs or profits owed to entities outside of the country†. (p. 12) Of course, data problems are immense as calculating GDP is a complicated process even for professionals. No errors are allowed as GDP reflects national stability and economic growth. For example, one of the problems is lack of data and, therefore, some of the products may not be included into GDP calculations. Further, the author writes that cost and market values are not the same. The key difference is profits meaning that market value equal cost value plus profit. This peculiarity should be remembered to avoid errors in calculations. Moreover, problems are associated with unit price as well because for defense, fire, education and policies services no unit price is provided. There is no surprise that the Department of Commerce isn’t allowed to determine the values of either goods or services produced for own use. The Department of Commerce has also to measure the value of the output using prevailing prices. As far as the level of prices and costs are changing, the magnitude of prevailing prices is changing as well challenging accuracy of the calculations. Ashby indicates that â€Å"a suitable measure for the volume of domestic output must change only when the volume of domestic output changes and must change in the same direction and by the same percentage as does the output value†. (p. 14) Finally, price level indexes are used for removing the influence of cost and price changes. It is know that GDP represents the volume of goods and services produced within one year; otherwise, GDP represents the annual the annual rate displaying country’s produced output. Of course, it is necessary to remember that GDP is adjusted value meaning that changes in level prices result in changes in the value of the output. Chapter 3: Summary The third chapter stresses the differences between gross domestic product and gross domestic income. The only source of income is, actually, production. The author mentions that one should not misuse ‘gross domestic product’ and ‘gross domestic income’ as they different concepts. In particular, gross domestic product is the measurement of production, whereas the gross domestic income is the measurement of income. One more moment to remember is that their magnitudes are equal: if gross domestic product is changing, gross domestic income is changing as well in the same amount and in the same direction. Ashby underlines that â€Å"there can be no change in gross domestic income without a matching a change gross domestic product†. (p. 24) Further, the author discusses three important notions in the chapter. Firstly, it is necessary to understand that gross domestic product is measured as the output is produced, and it identifies the values of the products that are expected to be sold either at domestic or foreign markets. It means that some products may appreciate in market values, whereas other may deteriorate awaiting the sale. Therefore, matching adjustments should be definitely made for identifying both gross domestic income and gross domestic product. Secondly, money and income are two different notions; they are not the same thing. Income is defined as the result of money, and money is argued to be a messenger that delivers humans the income. Nevertheless, income can also be received in non-money form as, for example, insurance policies, retirement packages, etc. Interestingly, Ashby recommends distinguishing between ‘people earning income’ and ‘people earning money’. Income is generated by producing goods and services, but income doesn’t generate money. New income is often generated by the old money. Thirdly, Ashby underlines the role that credits are playing in modern economies. The role of credits is critical to economic development and country’s prosperity. Credits give producers an opportunity to produce goods and services, to sell their goods before they are to pay the bills, etc. The chapter highlights the concepts of shared incomes and shared sales. In particular, the author discusses the shares of gross domestic income that are received for producing gross domestic output. The role of specialization is underlined as well. Ashby writes that modern economies of well-developed countries enjoy high standards of living due to specialization. Actually, specialization involves â€Å"structuring production processes in ways that enable workers and machines to restrict their efforts to a small number of tasks for which they are particularly well suited†. (p. 26) However, the key negative moment is that specialization may result in reduced self-sufficiency. Specialization requires earnings to be paid in money form for purchasing goods and services. The author defines federal debt as â€Å"the total of all Treasury securities that have been issued but have not yet matured†. (p. 43) For example, the federal debt of the USA in 2008 was more than $9 trillion. Of course, the debt is huge and the country has to develop fiscal policies to reduce federal debt and to prevent its re-occurrence in the future. Budget deficits may be avoided by levying sufficient tax increases and generating adequate national revenues. Ashby blames federal government for doing nothing to reduce debt balances. As far as the government never pledges collateral, it may borrow any necessary time. Therefore, sovereign federal government can’t go bankrupt. As far as the US is able to borrow, its national debt is increasing and increasing. The tendency is negative because when the time to pay credits comes, what will the government do?

Anna Pavlova And The Dying Swan Drama Essay

Anna Pavlova And The Dying Swan Drama Essay A couple years ago I used to think that ballet was boring. I did not understand ballet as an art and did not recognize its classical and modern types. Dances like hip-hop, samba, rumba, cha-cha, tango, and disco appealed to me more. Once I tried ballet myself in the U.S., I realized that most of the great dancers learned ballet for a lengthy amount of time. I decided to take ballet classes and after a year I realized that ballet brings me indescribable joy and appeasement. I became interested in learning more about ballet itself and its famous dancers. One of such a dancer was Anna Pavlova, whose life story I am determined to tell. It is important to note Anna Pavlovas childhood and early ballet career in Russia, her debut in The Dying Swan, emigration to Europe, performances around the world, marriage, and death. Childhood and early career: Anna Pavlova was born in St. Petersburg, Russia on a cold winter day of February 12, 1881. According to a New York Times article, when Anna was eight years old, her mother took her to a performance of The Sleeping Beauty. There, Anna experienced an epiphany, a baptism by ballet. From that day she knew, ballet was her future. At the age of ten, Anna Pavlova was admitted to the Imperial School of Ballet. Shortly after her acceptance to the Imperial School of Ballet, the exceptional gift of dancing was noticed in Anna Pavlova (Kent, 1996). At that time ballet was considered a court luxury and was one of the favorite entertainments of the late Czar. He would often visit the school to admire the little dancers, talking to them and sometimes telling jokes (Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦,1996). In 1902 after her graduation from the Imperial School of Ballet, Anna Pavlova joined the Maryinsky Theater as a second soloist, and in the following year was promoted to a first soloist (The Legendary, n.d.). Alexander Pleshcheyev, an author of the book Our Ballet where he studied Petersburg Imperial Ballet Company, wrote about Anna Pavlova: I recall the frail, slender, tall and lithe figure of a young, shy girl, with confused, deep eyes, in a dress of cornflower blue with a white pelerine and black pinafore -on holidays a white pinafore but always with a quite starched skirt for magnificence . .. This was the student of the Imperial Theater School in Petersburg Anya . . . Annushka (as her friends called her) Pavlova, whose appearance was awaited on the stage of the Maryinsky Theater, where she was known on affiches as Pavlova II Timid, trembling, lovely, like a wildflower, Pavlova II as a dancer just beginning subdued the public with her grace and tenderness. One sensed no physical exertion in her, and in those days, after the triumph on the Russian stage of Italian technical subtleties, every artist who appeared on stage was evaluated above all on technical abilities. Anna Pavlova had a favorite teacher and a mentor that was Enrico Cecchetti, an Italian dancer and a teacher who immigrated to St. Petersburg in his early age. Cecchetti taught at the Imperial School of Ballet from 1887 to 1902. In 1905 he established a school in St. Petersburg where he coached Anna Pavlova exclusively from 1907 to 1909 (Cecchetti, the teacher, n.d.). With Cecchettis help, Anna Pavlova was promoted to ballerina in 1905, and prima ballerina in 1906 (The Legendary, n.d.). The Dying Swan: In 1905 Anna Pavlova, already a prominent ballerina, received an offer from a choreographer Michael Fokine to take the leading part in the ballet The Dying Swan to music by Saint-Saens. Later The Dying Swan became her signature solo performance and a swan symbolized with her as a personal emblem (Kent, 1996). The author, Allegra Kent, in her article argued that a woman imitating a swan is an absurd idea since the body parts do not match and the bird can be graceful only when it swims. The black and webbed swans feet, with its shaky movements do not resemble the graceful and aesthetic motions of Anna Pavlova during The Dying Swan. Kent wrote that The Dying Swan was not about a woman impersonating a swan, instead it was about the fragility of life and the passion humans possess to hold on to it. Emigration to Europe and travels: In 1907 Anna Pavlovas performances were seen abroad and in 1909 she danced in Diaghilevs famous first Russian season in Paris, France where Pavlova danced with Vaslav Nijinsky (Kent, 1996). Since then, Anna was honored to dance before Emperor Franz Josef of Austria, King Alfonso of Spain, Emperor Wilhelm of Germany, and the Queen of the Belgium (Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦ 1996). In 1910 upon Anna Pavlovas return to Russia from her first American tour she was summoned to the royal box by the late Czar Nicholas to congratulate her. In one of the chronicles Anna Pavlova quoted the Czar telling her: I so much regret that despite all I hear about your wonderful swan dance I have never seen it. Yet I am called one of the absolute monarchs(Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦, 1996). Anna performed throughout North and South America during the days of World War I. Her passion to dance and travel eventually brought Anna to Japan and India. In 1927 Anna went on another tour to the Scandinavian capitals, where King Christian presented her with a gold medal after seeing her performance in Copenhagen (Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦,1996). Circling around the world with her company, Anna Pavlova covered 350 000 miles and hence was named the most traveled of all artists at that time (Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦, 1996). As time passed from her first debut Anna Pavlovas repertoire grew and was influenced by foreign cultures and new styles of dance. Such influences were new choreographies and changes in classical ballet technique; for example the changes brought by Isadora Duncan, a rebel-dancer who initiated the creation of modern dance. However, Anna remained a more conservative classical dancer: in her companys repertoire she kept ballet classics as Giselle and Sleeping Beauty. Anna had two popular signature pieces in her career; they were Bacchanale and The Swan (The Legendaryà ¢Ã¢â€š ¬Ã‚ ¦,n.d.). Her Private Life and Marriage: In 1912 Anna Pavlova bought an expensive house in London, which bore the name Ivy House, where there was a pond and a garden. Since the dancer was fascinated by feathers and was fond of watching birds, Anna decided to have pet swans in her pool. Watching them, she believed, helped her to improve the mastery of her swan dance (Kent, 1996). During her last American tour in 1924-1925, Anna Pavlova announced her marriage with Victore dAndre, her accompanist. She commented on her marriage the following way: For an artist there is no husband. Pavlova the artist and Pavlova the wife, they are two very different persons, so I keep them separate. My dancing belongs to the world, but my husband to myself (Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦,1996). Soviet Russia: During the Soviet time, Anna Pavlova was helping dancers in Soviet Russia by sending them financial aid. For 10 years Anna had been supporting dancers in London and Marianski Theater of Ballet in Leningrad by sending them an annual financial aid of $500. In 1929 this information became known to the Bolsheviks. The small unofficial committee of three that managed the funds from Anna Pavlova was reprimanded for accepting aid from the emigrant dancer, a darling of wicked capitalist audiences in Europe and America (Anna Pavlova Dies, 1996). Death: Anna Pavlovas death came suddenly. It was January 1931 when Anna took a three week vacation at Christmas to spend time with her family. At the end of her vacation Anna took a train to return to her work at the Hague. There was an accident that happened on the way, so Annas train had to stop. Curious of what happened, Anna Pavlova wearing a light coat on top of silk pajamas stepped off the train into the snow. Shortly thereafter, Anna came down with double pneumonia (Kent, 1996). Two Dutch physicians and her own Russian doctor, Professor Valerski, fought to save the life of a great ballet dancer. The doctors performed an emergency operation to remove excess fluid from Anna Pavlovas lungs. After the operation, the dancer was treated with Pasteur vaccine; however it was too late to cure Anna. Anna Pavlova died at 12:30 in the morning on January 23rd, 1931 (Anna Pavlova Diesà ¢Ã¢â€š ¬Ã‚ ¦,1996). As Anna Pavlova was dying her last wish was to prepare her swan costume. The following eveni ng when her company performed The Dying Swan, when it was Annas part, the curtain opened to an empty stage. Conclusion: In conclusion, Anna Pavlova the Russian ballet legend, from a very young age was almost destined to be a great dancer. When she was a very small girl she took an interest to ballet. At a very young age Anna was accepted to the prestigious imperial school of ballet. After being accepted to the imperial school of ballet, Anna quickly showed uncanny skill at the art of dance. Anna quickly reached the rank of ballerina and one year later to prima ballerina. As a ballerina, Anna was offered the chance to perform The Dying Swan with the choreographer Michael Fokine. In 1909, Anna Pavlova began performing abroad and travelled to many parts of the world performing in front of emperors, kings, queens, and Czars. Everywhere Pavlova went she was complemented by the noble elite she met. During the First World War, Anna performed her renowned plays in North and South America. Anna Pavlova was a highly classical dancer and stuck to the ideals of classical ballet even after the advent of modern dan ce. Later in 1912, Anna decided to buy an expensive house in London named Ivy House. Anna was so absorbed by swans that she had a few pet swans at her home. However, Anna Pavlova was not only a great dancer, she was a philanthropist, she donated money to the Marianski school of theater in Leningrad. She sent financial aid to students of dance like herself back in Russia. At the time of Anna Pavlovas death, she was known from America to Asia and not merely famous, but infamous. She was a great dancer with a tragic end of life story. She was best known for her dance The Dying Swan, where she imitated the swans movements more gracefully than any other dancer of her time. Although Anna Pavlova was honored to meet many famous people, all the people she met greeted her as a legendary dancer.

Aspects of an Argumentative Essay -- Writing School Papers English Com

Aspects of an Argumentative Essay The argumentative essay is an essay in which you argue a point -- an essay in which you prove a thesis. The argumentative essay starts with an introduction. The introduction is the gateway into your paper, and it serves two roles. The introduction should grab your reader's attention and let him or her know what your paper will be about. Your thesis must also let your reader know what your essay will be about. By the time he or she finishes your conclusion, the reader should know what you intend to write about, what you think of that subject, and what specific statement you intend to prove. The body is where you stop talking about what you're going to do in your essay and you start actually doing it. In other words, the body is where you actually prove the assertion you made at the end of your introduction. Because the body is meant to do the heavy work of your essay, proving the point which you want to make, the language in your body will most likely be less engaging and more basic than the language in your introduction. Because the job of the body is to prove the thesis, it is both the easiest and the most dangerous part of your essay to write. It's easy because the body is the part of the essay where the words probably come to you easiest, but proving the thesis often turns out to be easier said than done. Despite the fact that the total body of evidence may be somewhat inconclusive, it is your job to present the evidence in su... Aspects of an Argumentative Essay -- Writing School Papers English Com Aspects of an Argumentative Essay The argumentative essay is an essay in which you argue a point -- an essay in which you prove a thesis. The argumentative essay starts with an introduction. The introduction is the gateway into your paper, and it serves two roles. The introduction should grab your reader's attention and let him or her know what your paper will be about. Your thesis must also let your reader know what your essay will be about. By the time he or she finishes your conclusion, the reader should know what you intend to write about, what you think of that subject, and what specific statement you intend to prove. The body is where you stop talking about what you're going to do in your essay and you start actually doing it. In other words, the body is where you actually prove the assertion you made at the end of your introduction. Because the body is meant to do the heavy work of your essay, proving the point which you want to make, the language in your body will most likely be less engaging and more basic than the language in your introduction. Because the job of the body is to prove the thesis, it is both the easiest and the most dangerous part of your essay to write. It's easy because the body is the part of the essay where the words probably come to you easiest, but proving the thesis often turns out to be easier said than done. Despite the fact that the total body of evidence may be somewhat inconclusive, it is your job to present the evidence in su...

lab :: essays research papers

Intro   Ã‚  Ã‚  Ã‚  Ã‚  In Lab #5 five we will be exploring the cycle of copper through many chemical reactions. What we are going to do is take a piece of copper metal put it through a series of reactions that change it ¡Ã‚ ¦s state of matter and chemical formula, but in the end, we will return it to it ¡Ã‚ ¦s normal solid state. The idea of this lab is to try to recover as close to 100% of the copper we started with. Theoretically, this is possible, but for inexperienced college students, retrieving 100% of the copper metal is near impossible. There are five reactions that the copper will go through. 1.  Ã‚  Ã‚  Ã‚  Ã‚  3Cu(s) + 8HNO3(aq) + O2 „ ³ 3Cu(NO3)2(aq) + 4H2O(aq) + 2NO2(aq) 2.  Ã‚  Ã‚  Ã‚  Ã‚  3Cu(NO3)2(aq) + 2NaOH(aq) „ ³ Cu(OH)2(s) + 2NaNO3(aq) 3.  Ã‚  Ã‚  Ã‚  Ã‚  Cu(OH)2(s) „ ³ CuO(s) + H2O(aq) 4.  Ã‚  Ã‚  Ã‚  Ã‚  CuO(s) + H2SO4(aq) „ ³ CuSO4(aq) +H2O(aq) 5.  Ã‚  Ã‚  Ã‚  Ã‚  CuSO4(aq) + Zn(s) „ ³ ZnSO4 + Cu(s) At the end of reaction number five we should have close to 100% of the copper we started out with. Meth   Ã‚  Ã‚  Ã‚  Ã‚  Obtain as close to .5g of copper wire, and record the mass to the closest mg. Make sure the wire is bent so it will lay as flat as possible in the bottom of a 250mL beaker. Then go to  ¡Ã‚ §the hood ¡Ã‚ ¨ and add 4mL of 16M HNO3. Swirl the HNO3 around in the beaker with the copper until it has completely dissolved and you are left with a green/blue liquid. Then add 30mL of 3M NaOH and heat the solution on a ring stand with a Bunsen burner. The blue/green jelly will turn in to sort of a black dirt at the bottom of the beaker, make sure to stop boiling when the jelly turns black. Decant all excess liquid in the beaker. Do not remove any black precipitate. Add approximately 200mL of hot deionized water to the black precipitate. Decant all excess liquid again. Add 15mL of 6M H2SO4 and then under  ¡Ã‚ §the hood ¡Ã‚ ¨ add 2g of Zinc metal to the solution. Once the Hydrogen has stopped bubbling add 10mL of HCl. Decant all excess liquid and transfer Copper metal t o a glass dish and wash with deionized water. Rewash Copper metal with 5mL of Methanol. Decant and dry Copper metal on a hot plate, weigh and record results to nearest mg. Resu Original Mass of Cu=.486g Mass of Cycled Cu=.480g 1.  Ã‚  Ã‚  Ã‚  Ã‚  In the first reaction the was brown smoke and the copper turned into a light blue/green liquid. 2.  Ã‚  Ã‚  Ã‚  Ã‚  In the second reaction the solution turned into a clear blue liquid.

Title Page American History

The American society is characterized by high level of civilization which has been achieved through great efforts by Americans as well as other very important parties that were involved in its formation. In this particular case, the European involvement as well as the involvement of Indian Americans is put into consideration. These two parties became involved in American society’s development before the year eighteen hundred where the Europeans started and Native Americans picked up from them.The main area of concentration during this time was agriculture and the American society was shaped according to the available farming methods, technologies as well as the piece of land. AMERICAN HISTORY The Impact of Native Americans on the Development of American Society before 1800 Introduction From the time when Columbus arrived in America back in the year fourteen ninenty two until the present day, Native Americans have encountered oppression from white men. The land of Native Americ ans was invaded which forced them to settle in reservations.Native Americans were very annoyed and decided to begin war with the whites as a means of defending themselves as well as their land. This took place through Indian wars where whites considered Native Americans as being hostile. Despite the fact that Indian Territory as well as their reservations were taken over by the whites, Native Americans managed to send away tribes that had already inhabited the Northern American region. Native Americans were made to sign agreements with the American government but this government did not keep its side of covenant as the whites still continued to harass Native Americans.(Beers, 2008) Ways in which Indians’ Presence Did Affect the Society Europeans Tried To Craft in America before 1800 during That Time Indian American forms part of the tragic casualty that was affected by imperial expansion. This first occurred through European nations which had tried to shape America as an agri cultural land while a similar situation was also caused by US. The situation where American nation rose on Atlantic seaboard which was followed by a rapid expansion through the interior of Trans-Appalachian resulted to a radical change in the way American society perceived Indian.This made American pioneers to get into the wilderness in a family-like organization while they had an agrarian based society. Americans took up the agrarian way of life from Indians whereby the whole family was required to provide labor in frontier farms owned by the particular families. Once the Americans had adopted the Indian agrarian methodology, they became independent. However, they later realized that they needed the land that belonged to Indians since their population had greatly expanded.More so, there were several modifications in the nature of agricultural markets as well as technology which were different from the one that had been previously introduced by Europeans. (Beers, 2008) The impact th at Native Americans particularly Indian Americans had on the American society were of great benefit to the Americans since they contributed to advancement of agricultural practices introduced earlier on by Europeans. New technology and expansive piece of land for agriculture was made available which could not have been the case if Americans did not have an encounter with Native Americans.(Beers, 2008) Conclusion American history dates so many years ago and European involvement in shaping America is part of it. When Europe invaded American land and tried to rule over it, it had a great influence over its inhabitants. This was mainly through involvement in agricultural activities which Americans embraced. Later on, the shaping of American society continued where Indian Americans were involved. This group of people engaged themselves in more advanced ways of conducting agricultural activities which American society also borrowed from them.The influence of Indian Americans on the Americ an society was positive rather than an obstacle as it introduced new farming technologies as well as expansive pieces of farmland. Some analysts regard the whole process involving American society with European and with Indian Americans as civilization. The American society has portrayed signs of enlightenment and development from the series of engagement. (Beers, 2008) REFERENCES Beers H. (2008): Bibliographies in American history: guide to materials for research: New York, Octagon Books pp 38-42

The Magic Kingdom

Descriptive Essay: Disney World (The Magic Kingdom) When I walk through those magical gates I stumble upon Main Street, USA. This just happens to be the first of seven themed lands. The decor is early-20th century small-town America, which happens to be inspired by Walt Disney’s childhood and the movie Lady and the Tramp. As I stroll down Main Street I can see an old fashioned movie theatre, quaint little shops, and an antique barber shop. But the best part of all is at the end of Main Street USA stands Cinderella’s enchanting castle that marks the center of the park. At the center I find 6 other pathways that lead to six additional lands. When I travel through these lands I’ll see how fantasy becomes reality when I learn how to be a pirate, match wits with funny monsters and conquer mountains. Up next on my to do list is to visit Liberty Square where I visit The Hall of Presidents to view a show featuring every American president, past and present, in a fascinating tribute. The next stop is not for the faint of heart and be aware of harrowing hitchhikers. Here climb aboard the Doom Buggy and ride through the ominous Haunted Mansion where a supernatural Ghost Host introduces my to his closest 999 dearly departed friends. Patriotic music combined with spooky sounds will be heard throughout Liberty Square along with the scent of New England dishes from the Liberty Tree Tavern. Fantasyland is dedicated to the young at heart and to those who believe that when you wish upon a star, your dreams come true. This part of the Magic Kingdom is perfect for kids both young and old. Here I sing along with a catchy melody on â€Å"it’s a small world† with nearly 300 brightly costumed dolls singing and dancing to bring the world’s cultures closer together in no small way. Next, I gently glide ‘round Cinderella’s Golden Carrousel on one of ninety prancing steeds as magical Disney music fills the air. Then, I soar high in the sky with Dumbo over Magic Kingdom around a circus ball topped by Timothy Mouse. After that, I take a whirl in a giant tea cup at the mad-as-a-hatter Unbirthday Party in Wonderland. Also, I seize my courage and enter the Evil Queen’s shadowy world on Snow White’s Scary Adventures and see who is the fairest of them all. Plus, I embark on a jolly journey during a very blustery day in the Hundred Acre Wood aboard one of Pooh’s Hunny Pots on The Many Adventures of Winnie the Pooh. Before I leave I can’t forget to stop and chat with some of my favorite friends such as Pooh and Tigger too. Now comes Tomorrowland filled with living blueprints of our future. Before I explore, I want to stop at Cosmic Ray’s Starlight Cafe to maybe grab a Blast-off burger or some Cosmic Chicken. To begin I climb aboard my own space cruiser to shoot targets and rack up points as I battle the robots in Zurg’s service on Buzz Lightyear’s Space Ranger Spin. Next, I launch past the flashing lights of my space station into the soaring darkness of space on Space Mountain. Lastly I experience the glory of the Indianapolis Motor Speedway as I drive my own Indy 500-style race car on a guided track all the way to the Victory Circle on the Tomorrowland Speedway. At the end of the day, as I sit and think about my day’s journey, I wonder what my world would be like if I’d never gotten to experience Disney magic like I did today. Well, my life wouldn’t be the same without it. My memories as a little girl are filled with Disney magic. The feelings I got back then and still do now at eighteen don’t change. Memories of family vacations at Disney World will never be forgotten; it’s the only time now that I can remember us all being happy with each other before my parents’ divorce. The excitement and adventure that comes from Disney World can’t be replaced with anything else because there’s nothing else in the world quite like it.

Behavioral Finance and Wealth Management

Some financial advisors are needlessly struggling with behavioral finance because they lack a systematic way to apply it to their client relationships. In my 2006 book, Behavioral Finance and Wealth Management, I outline a method of applying behavioral finance to private clients in a way that I now refer to as â€Å"bottom-up. † This means that for financial advisors to diagnose and treat behavioral biases, he or she must first test for all behavioral biases in a client, and then determine which ones a client has before being able to use bias information to create a customized investment plan. In my book I describe the most common behavioral biases an advisor is likely to encounter, explain how to diagnose these biases, show how to identify behavioral investor types, and finally show how to plot this information on a chart to create the client's â€Å"best practical allocation. † But some advisors may find this bottom-up approach too time-consuming or complex. So, I created a simpler, more efficient approach to bias identification that is â€Å"top-down,† a shortcut if you will, that can make bias identification much easier. I call it Behavioral Alpha, and the core of this process is four behavioral investor types. Over the next four articles, we will learn the four behavioral investor types and how to deal with each of these types of investors. For readers to understand behavioral investor types, they need to get a fundamental understanding of the 20 behavioral biases I outline in my book. In this article, we will review these biases that are encountered with actual clients, with a description of the bias and a classification of whether the bias is cognitive or emotional. Behavioral biases fall into two broad categories, cognitive and emotional, with both varieties yielding irrational judgments. A cognitive bias can be technically defined as a basic statistical, information processing, or memory error common to all human beings. They also can be thought of as â€Å"blind spots† or distortions in the human mind. Cognitive biases do not result from emotional or intellectual predisposition toward a certain judgments, but rather from subconscious mental procedures for processing information. On the opposite side of the spectrum from illogical or distorted reasoning we have emotional biases. Although emotion is a difficult word to describe and has no single universally accepted definition, an emotion is a mental state that arises spontaneously, rather than through conscious effort. Emotions are physical expressions, often involuntary, related to feelings, perceptions or beliefs about elements, objects or relations between them, in reality or in the imagination. Emotions can be undesired to the individual feeling them; he or she might wish to control their emotions but often cannot. Investors can be presented with emotionally based investment decisions, and may make suboptimal decisions by having emotions affect these decisions. Often, because emotional biases originate from impulse or intuition rather than conscious calculations they are difficult to correct. Emotional biases include endowment, loss aversion, and self-control. We will investigate both cognitive and emotional biases in the next section. The distinction between cognitive and emotional is an important one, because advisors will want to advise their clients differently based on which types of biases are being acted out. In the next four articles, we will use the biases described here a lot, so I encourage readers to get to know the biases presented here in concept. We will apply them to client situations in subsequent articles.

Week 3 Homework Assignment

Week 3 Assignments Chapter 7 7. Differentiate between the following: active income, passive income, and portfolio income. 13. Briefly, what is â€Å"material participation†? Why is the determination of whether a taxpayer materially participates important? 46. Mary Beth is a CPA, devoting 3,000 hours per year to her practice. She also owns an office building in which she rents out space to tenants. She devotes none of her time to the management of the office building. She has a property management firm make all management decisions for her.During 2012, she incurred a loss, for tax purposes, of $30,000 on the office building. How must Mary Beth treat this loss on her 2012 tax return? 34. Mike and Sally Card file a joint return for the 2012 tax year. Their adjusted gross income is $65,000 and they incur the following interest expenses: Investment income and related expenses amount to $7,000 and $500, respectively. What is Mike and Sally's interest deduction for the 2012 tax year? 40. In each of the following independent cases determine the amount of charitable contributions allowed the individual before consideration of any percentage limitations. a.Charlie Chubbs contributed an item of inventory from his sole proprietorship to a public charity for its use. The fair market value of the asset was $800 and his basis was $600. b. Durwood Dodson contributed some shares of common stock that he had held long-term to a private charity. The basis of the stock was $8,000 and it had a fair market value of $7,000. c. Esther Ensign contributed tangible personal property that she had held long-term to a public charity. The asset had a fair market value of $10,000 and a basis of $6,000. The charity intended to sell the asset and use the proceeds for charitable purposes.

Animal Farm And The Russian Revolution Essays - British Films

Animal Farm and the Russian Revolution jonathan chan Animal Farm and the Russian Revolution have many similarities and ideas. The characters, settings, and the plots are the same. In addition Animal Farm is a satire and allegory of the Russian Revolution, George Orwell meant for it to be that way. My essay will cover the comparison between Animal Farm and the Russian Revolution. Also it will explain why this novel is a satire and allegory to the Revolution. First of all the characters of the farm have a special role in Russian Revolution. The farm itself represents Russia, with its poor conditions and irresponsible leaders. Napoleon, the mad dictator pig who plays Joseph Stalin in real life. Snowball, the leader who gets betrayed by Napoleon and plays Lenin, Old Major as Karl Marx. And who could forget the others like Boxer, who plays the working class, and Molly as white Russia, and of course Mendez 2 the evil dogs of Napoleon who inspire the role as the secret police of Joseph Stalin. Both the novel and Russian Revolution cover the same ideas because of these reasons. In the Russian Revolution an irresponsible leader name "Nicholas the second" or how people in those days refer to him as "the Czar" was overthrown by a new leader with better ideas and ways to keep Russia alive, he was Lenin! But then he was betrayed by one of his communist comrades, Stalin. Stalin ruled for a great period of time, but everyone knows there is no such thing as immortality, and so he got kicked out too! This time by his own people. In Animal Farm a boar name "Old Major" has a dream about a world where animals rule, there are no differences, all equality, a dream about communism. This same thought applies with the idea of Stalin and his plan in ruling Russia. So when Snowball hears this him and his comrades get ready to attack the government, Mr. Jones (also known as "the Czar"). When he is ov erthrown Snowball becomes the leader and is betrayed by Napoleon. This event is when Stalin kicks out Lenin. Mendez 3 Animal Farm is a great example of a "Political Satire". The novel was written to criticize the totalitarian regimes and particularly Stalin's rule in Russia. In Chapter one its tells how the author, George Orwell, feels about the novel. Also it give reference to the farm and how it relates to Russia. But you can see all the satire in chapter two. It tells how inefficient of the idea "communism" does not work. Human nature can't handle "communism". We are too devious and too demanding for the things we want, we are "bossy". From chapter two to the last chapter shows how the novel is a Satire and in the end has a conclusion that was shown in chapter two. The characters, settings, and plot of Animal Farm is an "allegory" to the Russian Revolution. For example Napoleon symbolizes Joseph Stalin because they are both advocates of the devil and follow an idea of a certain race or species ruling everything. The farm of course is Russia with their bad conditions and no good government. And last of all the plot tells about the same thing, dictatorship never works! Mendez 4 George Orwell has made good points in his novel. I think he's a great and very smart writer because his novel was disguised as a children's novel to a Revolution where if you spoke what you thought about it you would get executed. In conclusion I think Animal Farm is a great novel and not only did I learn about a group of Animals taking over a farm but I learned more about World War one history and Russia's history.

Cost Descriptions Paper Essay Example | Topics and Well Written Essays - 1750 words

Cost Descriptions Paper - Essay Example However, the variable cost per unit is fixed for a specific level of production or cost. It will vary in total amount proportionately with some measures of business activity, like costs associated with power, maintenance, etc. Whereas Direct Cost are those cost which can be traced to a specific cost objective or costs which is easily traceable by per unit and allocated through cost centers. Like direct material, direct labor etc. Manufacturing Cost is the name of aggregate resources of direct material, direct labor and FOH which is allocated in manufacturing the product. Manufacturing costs are also referred to as production costs. Manufacturing cost also describes how much cost is incurred on each unit produced. By estimating the manufacturing cost, the management is able to value the units produced in a year, cost of goods sold and inventory, which ultimately, is reported in the income statement and balance sheet of the company. Manufacturing costs include all cost from acquisition of material to conversion into finished goods. Packing material, fuel expense, lubricants, depreciation on factory equipments, wages, repair and maintenance, all contribute to the manufacturing cost. Product Costs are those costs which are identifiable with the product either directly or indirectly. Product cost mainly consists of direct materials, direct labor, and factory overhead. ... Moreover, if the product is sold it is recorded as Cost of Goods Sold in the books of accounts and then COGS is matched against the revenue (matching principle) generated by selling the product. In short, product costs are those costs which are treated as inventory that is ready for sale. They are treated as assets until the products are sold (Garrison, 2004). All those cost which are not attributed to product cost are treated as Period Cost. Period cost is treated as expensed and directly reported to income statement in the period when they are incurred. Period cost are not debated over purchase or cost of goods manufactured. Period cost include all selling expenses, general and administration expenses, interest expense and income tax expense (Garrison, 2004). In short, Period costs are reported on the income statement separated from the cost of goods sold section. The period cost is deducted from gross profit. Period cost is not essentially the part of the manufacturing process so therefore period cost is not treated as a cost of inventory (Meigs et al, 1999). An Opportunity Cost means to get or select the benefit of one alternative by rejecting the other opportunity. It is the cost associated with the best forgone alternative. The opportunity costs is not present in the books of accounts but it is relevant and appropriate with respect to managerial decision making. Like if a students decides to attend summer school rather than accepting a job of making $500 a week, than the true cost of attending school is more than just books, meals, housing etc and the opportunity cost is $500. Sunk Costs are not relevant in decision making because these costs have been incurred and cannot be changed. Like in the oil exploration

Reasons for Transferring and Objectives Essay Example | Topics and Well Written Essays - 500 words

Reasons for Transferring and Objectives - Essay Example My major is business and I think that for me learning about business from a reputed institution is essential so that I do not prove to be a nuisance for the boss. The first and foremost reason for transferring is acquisition of quality knowledge. Knowledge has no limit. Business in today’s age offers a lot for learning. The more you study, the more you learn. In depth study of business makes you eager of acquiring more knowledge; this also helps you to develop more interest and makes you more conscious of seeing the practical impact of theoretical knowledge. The more you study, the more you can explore, so studying hard about facts and figures boosts the confidence and also makes you feel that whatever you have done , is not enough, so do more. I hope to have a wider network of friends as because of transfer, I would have better chances to make new friends. For better education, a network of friends is essential as friends help each other in their studies. A communicative envi ronment is created that is necessary for an educational set up. In today’s life, students cannot operate without having a network of friends. Therefore, it is very important to have a network connection of friends for all kinds of studies. What I am going to do with my degree in the future is that I am interested in opening my own business and by obtaining a degree in business, I will be able to understand business and its requirements. I want to be an independent person in my future. I want to support my parents by opening my  business.

What is good sex Term Paper Example | Topics and Well Written Essays - 1500 words

What is good sex - Term Paper Example It fills their heart with love and most definitely proves one’s feelings towards another person. Experienced and skilled touch of a partner wouldn’t leave woman a reason to doubt whether she is important for him. Her soul struggles for love, and this desire may be satisfied only by passionate attention and inseparableness of the partner. As for men, most of them see in sex the opportunity to get rid of irritation. Sex allows them to reawaken their passion and affection to the woman. Still, it is widely spread that men cannot understand the main aim of their efforts: they consider female orgasm to be their main purpose and their victory (Henry, 1981). Warm and humid answer of her womb is exciting, electrifying and awakens the deepest fibers of man’s being. The gates of Paradise are opened, he got his way! Woman is satisfied, and it gives a man the reason to feel that she learned everything about his love and paid tribute to his efforts. That is why to get the physical pleasure you need to have a contact with your partners body as much as you want and need, though sometimes it may seem to be the wrong place or intensity or you may think that your partner dont need it. Sometimes we cannot explain our needs and desires to a partner because of the elementary confusion. We are afraid of offending a partner or seeming to be dissolute perverts. Hence the lack of moral satisfaction comes: if we cannot talk to the partner about how we would like to make our sex, we feel offended and receive less pleasure. Gradually, this feeling is being collected and poured into a quarrel, and we (as well as our partner) may be even not aware and conscious about what was the real cause of such misunderstanding (Philpott, 2006). Kiss is one of the key components of sexuality and makes the sex be really good. It is difficult to imagine sexual game without kissing; the touch of the lips often gives a lot more emotions than sex itself. It is considered, that

Conflict between Irish Republican Army (IRA) and the Northern Ireland Essay

Conflict between Irish Republican Army (IRA) and the Northern Ireland - Essay Example The paper has stated that the primary aim of the battle was due to rising discrimination of the small minority Catholic group who claimed that their political freedom was thwarted. Also, they were hindered from active political participation in the nation’s political agenda. The paper also indicates that the other motive of the conflict was due to the diversity in ideologies between the Protestants and the Catholics. One group backed the support of the British rule in the country while the other wanted total freedom and full control of the country. This, as the paper suggest led to inequality in resource allocation for the individuals in the southern part who were economically disadvantaged, and most of the residents were in acute poverty besides being politically sidelined. This paper also further discusses the troubles that existed as a result of the conflict and it tends to respond to the notion that the development of large protest groups acts as a prerequisite to the deve lopment of political violence in a country. This essay makes a conclusion that the conflict that existed between IRA and the Northern Ireland resulted in several innocent killings and damages of property. The primary motives of the attacks were politically instigated because there was significant discrimination of the Catholics who were opposing their colonial oppression. The rise in the political tension in the country was stimulated highly by the small political and union groups that merged to trigger the individuals into fighting.

Critique Essay Example | Topics and Well Written Essays - 750 words - 13

Critique - Essay Example However, the writer develops her argument convincingly with a comprehensive list of reasons and explanatory evidence from her experience. Kiefer’s main argument is that students who learn writing online lose more than their counterparts in an on-campus classroom. The article begins with a brief discussion on the theoretical and pedagogical foundations based on which the argument of the article is based. According to the author, the main goal of writing classes should be to raise awareness of â€Å"writing as a situated communication† (Kiefer, 2007, p.141), which could be best achieved only in a collaborative learning environment involving rich interactions between students. The article draws on the theories of â€Å"situatedness of language† and the need to construct â€Å"meaning in context† (ibid). Based on such a notion of writing as a process and learning as a communal and shared activity, Kiefer advances her argument. Kiefer’s theoretical assumptions dictate the goals and nature of writing classes, which she uses as a base to evaluate online writing classes. The argument focuses on the shortcomings of online writing classes she has witnessed in her experience as a teacher in both face-to-face and online classes. The three key features she presents are: â€Å"technological impediments, time constraints, attitudes toward education† (Kiefer, 2007, p.151), which she calls as ‘deficits’ that act collectively to deprive online students of the wealth of learning that an on-campus student receives. In terms of the technological features of online classrooms, the article refers to specific examples of widely used computer applications and argues that they do not support the goals of writing courses adequately as such online classroom technology is designed for lectures and not for interactive writing classes. Even if it happens to

Cultural Food Comparison Research Paper Essay Example | Topics and Well Written Essays - 2000 words

Cultural Food Comparison Research Paper - Essay Example Though, even before, the early people could have been obtaining eggs from nests for their consumption. In China and India – by around 7000 BC – people had already started to keep chickens so they could obtain eggs conveniently and did not have to climb up to nests. Since eggs contain a high amount of proteins, they made up excellent sources of nutrition for humans throughout. As humans started farming chickens and other fowl birds, they realized that there were particular seasons when the fowls laid more eggs. This season coincided with spring where the sunlight was sufficient for the foul birds to produce eggs. While many cultures viewed egg as a source of food, many cultures did not view it as so. The Mossi from Africa is one example of people who consider eating eggs as equivalent to stealing. This notion has a rather economic one where eating an egg was just like stealing a chicken that was to be grown out of the egg. Having poultry spread out at large areas in Africa, children are generally discouraged from eating eggs that could, in the future, breed a potential property for the village community (Toussaint-Samat 2009, p. 323). In other parts of the world, such as ancient Rome and China, eggs have been regarded as vital food sources. In ancient Rome, peafowl eggs were eaten and with the invention of pottery and fire, the people also started boiling eggs (Kiple and Ornelas 2000, p. 499). The ancient Romans also consumed boiled eggs. The Chinese, on the other hand, had their own method of consuming and preserving eggs by fermenting them. The Chinese were particularly fond of the pigeon eggs (Kiple and Ornelas 2000, p. 499). This could help the egg to keep from rotting even after weeks. The discovery of egg as a nutritious and healthy food source developed its own innovations throughout time as it started first from being eaten raw to being boiled and then being eaten along with...

Sex and Violence in movies Research Paper Example | Topics and Well Written Essays - 1250 words

Sex and Violence in movies - Research Paper Example There are various different genres of movies that show an increased sexual content and violence. For example, horror movies, crime based movies and war movies have increased levels of violence and similarly romantic comedies have been bordering towards showing increased sexual content. Additionally, movies that are considered to be avant-garde and cult, instead of mainstream also have an increased display of both sexual content and violence. Even though the Motion Picture Association of America’s Classification and Ratings Administration has set down the various ratings that determine suitable viewing, it is important to understand that the level of acceptance of violence and sex is much higher (Abraham and Basuroy, 2004). To illustrate, movies like Stuart Gordon’s unrated Re-animator (1985) and the films of Larry Clark have received criticism for being extremely violent and for showing excessive sexual content. It is also interesting to note that how the levels of acceptance among the audience have also been increasingly slowly. For instance, when the young audiences watch a movie like The Exorcists, instead of being terrified and shocked, they watch it more like a comedy movie (Curti and Selva, 2003). Therefore, the definition of what is considered to be extreme and what is considered to be acceptable keeps on changing generation after generation. Effects of Sex and Violence on Movie audience The high level of sexually explicit content along and violence does indeed have an effect on the audience. It is a universally accepted fact that movies have the capacity to influence people and their actions. In this scenario, it is necessary to highlight some of the negative influence that both sex and violence in movies have on their audience. 1. Desensitizing – Constant exposure to violence as well as sexual content can reduce the sensitivity among the viewers. This can create a notion that such behavior is acceptable in the society. In some cases, it can result in the distortion of world view. Therefore, crimes related to sex or violence may lose perspective as real crimes in the vision of the people (Williams, 1995). By increasing the extremity of the element of violence in movies, the tendency would be that the audience will not react strongly if and when they encounter or hear about such instances in real life. Therefore, increasing the realism of movies to make it extreme by adding higher sounds and bigger screens such as in the beginning of the movie Saving Private Ryan (1998), does have a tendency to desensitize the audience. In today’s society, that is replete with increasing instances of violence and terrorism, it is very important for individuals to be se nsitive and to understand the impact of such acts. Therefore, it is really unfair to desensitize an audience. 2. Negative effects on children and youth – The categories of individuals that get most affected by acts of violence and sex in the movies are children and youth. For them, everything that they see on the big screen is glamorized and is something that they can imitate in their real life. Extreme scenes of violence as well as high level of sexual content can attract the youth and make them imitate it as a part of their hero worship. For some others, witnessing such scenes can have traumatic experiences and affect psychologically. The genre of movies that came to be known as the slasher movies like I Know What You Did Last Summer (1997), and Urban Legend (1998) were criticized for

Black Female Executives in Corporate America Essay Example for Free

Black Female Executives in Corporate America Essay Black female executives are a symbol of what determination and hope can achieve that despite the odds and perceptions, people can achieve anything they set themselves on regardless of their cultural backgrounds. Reaching the top for these women has been a journey which dates back way before slavery when women lived and followed the African traditional settings which governed every aspect of their lives. In this setting, the women were subordinate to their men and their duty was to look after their families. Evolution has since changed these perspectives after the civil war that liberated the black people such that they were able to own property and even work in state organizations. In addition, the African people had the power to be educated. Over the years, African women have continually struggled to be the best academically as well as professionally such that they have even outshone their fellow men. â€Å"By 1994, there were more black women as compared to the black men who were employed especially in white collar jobs in corporate America (Tucker, 1994). † Thanks to institutions like Equal Employment Opportunity Commission (EEOC), there has been significant growth of blacks taking up leadership roles in corporate America (Benjamin, 84). In the managerial positions, black men are slightly more than the black women but still the number of women in managerial positions between the years 1982-1992 had increased by 64% (Tucker, 1994). This positive figure has encouraged other black women to undertake leadership roles hence adding up to the increasing figure. Black women representation in the corporate organizations cannot be compared to the rise of white women in the top managerial positions whose numbers have increased over the last decade. This is illustrated by 32% of white women managers who were executive leaders as compared to 14% African American women in similar positions who earned less than them in the year 2000 (Ely, 2003). This shows that as much as the black women are making it ‘big’ there are several factors that hinder their rise to such positions. â€Å"By the year 2001, African American women remained in the shadows and remained invisible hence they were ranked in the corporate businesses either according to gender as well as race (Bell Nkomo, 2003). † Reasons for lack of black females in executive positions Though there are a few known black women executives in the corporate world it does not necessarily mean that they are not learned enough or that the positions are limited. The major issues limiting the black woman from getting to the top of the corporate ladder are gender and race. Certain stereotypes which are mostly negative are likened to the black female. â€Å"They are considered to be aggressive and very direct (Caver, 2002). † Such characteristics make them unsuitable for leadership positions in big organizations hence limiting their chances of advancing their careers. Black women are not exposed to educational opportunities like their male counterparts as well as white people. This is because most of them come from poor backgrounds and therefore their education is limited up to a certain level when the funds they have can allow. That is why they usually get casual jobs and work as subordinate staff in organizations. Another issue that has contributed to the lack of black females in executive positions is the perception that such positions are the strongholds of men hence organizations mostly employ male colleagues. These factors make it harder for the black women to be promoted to executive positions as they are not only judged by the way their race but also according to gender. Challenges the black women executives face The rise of the women in the corporate world does not really mean that it is all rosy at the top. Though the experience is rewarding some of them are frustrated. The few African American women in executive positions are faced with several challenges in the course of their work. They have to continually convince people and prove to their colleagues that they have what it takes to run organizations. To begin with their salaries are low as compared to those of their fellow black men in similar leadership positions. Most of the African American women in the top managerial positions are considered as vulnerable employees. They are given those positions that can be easily scrapped off when the company restructures itself (Tucker, 1994). They do not therefore get the chance to play major roles in organizations especially in terms of decision making as sometimes they do not have jobs to do. This makes them feel inactive and feel as if they were just put in those positions to enhance the good image of the companies they head as being good an equal employer. â€Å"Some companies just put the women up there so that they can show their corporate allies that they are not biased against any race or gender (Lamont Molnar, 2002). † †¢ Lack of strategic relationships Relationships define how people will relate with each other in the organization. When the black women are not supported by their employers, then it becomes hard for them to relate with them in proper ways and this affects their work relationship. The relationship between black and white women in the workplace is also strained. This is because white women do not interact often with black women on organizational matters hence they have little knowledge on some of the racial perspectives; the black women have to deal with. â€Å"They feel white women do not care about black women issues and concerns (Caver, 2002). † This has made the black women feel betrayed by them and no wonder they do not relate with them well (Bell Nkomo, 2003). This scenario has strained communication between the two groups and they never engage in constructive activities. They have been reduced to clicks that support their own members and rarely will they support the promotion of the opposite colleagues to such leadership positions. If the black women cannot relate well internally with their colleagues, it is therefore hard for them to form corporate relationships with people from other organizations as well as their clients as they do not have people within the organization to link them to other business relations. †¢ Lack of mentoring and support African American women are never mentored; and if, on a limited scale. â€Å"This is because they are thought to have nothing in common with their white counterparts as well as black men (Caver, 2002). † Moreover, it is difficult for the black woman to fit in the white male-oriented ‘positions’ which is limited by the negative, historical, sexual racism between black women and the white men (Benjamin, 2005). For this reason, they do not get to improve on their leadership skills hence it is hard for them to be promoted to higher positions. In addition, when other people will start performing better than them, they are said to be incompetent and therefore they risk losing their jobs. The society is also not showing support for the black women corporate leaders who have managed to beat all odds and be the best. This is more so seen in the African American community where people think that they use their high positions to intimidate them. No wonder it is hard for them to find suitable husbands as the males feel threatened. †¢ Trust issues The few black women executives who are there are not trusted to make strategic and informed decisions by other colleagues in the workplace and that is why they have to struggle so much to build this trust which takes a long time. This is why some black women who can no longer cope with the pressure resign from their jobs. This has led to an increasing number of black women quitting their jobs. This is why the CEO as well as other colleagues in the workplace are left to wonder if race determines commonality or whether gender connects across racial lines and if the black women have their own leadership style that helps them navigate in the hierarchy (Bell Nkomo, 2003). †¢ Lack of access to business development opportunities Leaders need to continually sharpen their skills so that they are able to tackle problems that arise in the business cycle. Black women are usually sidelined in major activities and this limits their chances of growth in terms of acquiring skills and building strategic alliances. For example, a project may be designed which may entail people going for training but surprisingly, countable black women; if any, will be short listed. This makes them feel like an extra burden to the organization. †¢ Balancing work and personal life Just like all women, African American women have to place their families before everything else. They therefore have to ensure that they balance their personal lives as well as their works lest they fail in all of them. Sometimes it is not easy as in every place they are faced with issues and sometimes they do not have colleagues whom they can turn to for help. Impact on the black female work population The statistics might show that black women positions in leadership positions have increased but the experiences of African American women in such positions reveal another thing. Some women have said that they have watched their subordinate colleagues some who are not qualified be promoted to higher ranks while they, who have served the companies for longer periods, are stagnant in the same positions. â€Å"In addition, when they give ideas on anything, they are not taken seriously and this is adding up to their frustrations (Hesselgrave, 2009). † Such scenarios have made them feel diminished, have low self esteem and not feel like part of the organization. This has made them emotionally as well as psychologically disturbed as they cannot come to terms as to why so much hatred and seclusion is still in the society. The lack of back women executives in corporate America is not doing much to encourage young black women professionals to take managerial careers. They see on a daily basis on how their fellow black women in the corporate world are treated and nothing much is done to solve the issues. Some black women have had to succumb to offering sexual favors and bribes if they really want the positions. Such negative factors make the young ladies not wanting to be in such vulnerable positions hence they will opt to choose careers that they find pleasure in. Another impact is that organizations have been divided along racial and gender lines when ‘their own’ are not promoted to executive positions. This has inhibited progress in the organizations as decisions can not be made effectively because employees are not communicating and they are not performing well at their work because their issues are not being addressed. â€Å"This has also brought in unhealthy competition in the workplace as the different groupings of people have to find fault in each other so that they can use the raised issues as an excuse to make them appear better so that they can be favored (Ivancevich Gilbert, 2000). † In some instances, it has led to the formulation of policies which the minority group in this case, the African American women, use to give them an edge over other colleagues. Recommendations Women of all races play a major role in corporate organizations and that is why they should be encouraged to take the top most leadership positions if they are qualified. Some of the factors that need to be considered in promoting African American women in leadership positions include: ? Encouraging more black women to pursue leadership positions Educating and sensitizing the young black girls at a young age is important so that they take up leadership courses. This will make them more open minded at an early. The Federal State therefore should ensure that there is equitable distribution of resources such that black children can access proper schools like the rest of the children in major cities. African American women also need to be trained on political skills so that they are able to lead people in the proper manner thus become competent. ? Equal treatment Affirmative actions and the formation of women movements have played a vital role in rallying for equal treatment of women. More needs to be done so that the women can feel like they are part of the organizations they serve. The managers should therefore diversify employee groups and continually monitor to see how they are progressing and help then overcome the challenges they face. â€Å"The top managers should also be able to identify black women who are skilled and help them grow within the organizations they head (Lamont Molnar, 2002). † The human resource heads should therefore ensure that they recruit they staff equitably and not based on any kind of biasness so that when it comes to making decisions or selecting the right candidate for a particular top office, all the people will be represented therefore the right candidate will be chosen regardless of their back grounds. ? Respect and trust Respect starts with an individual when they identify their needs and they treat others the way they would like to be treated in return. Respect is a very important virtue that should be in every code of conduct since it determines how people will be treated. â€Å"Sometimes when white male superiors and black female subordinates as they are trying to amend their relationships they are faced with difficulties because of the lack of basis for identification which is mainly attributed to the fact that the motives behind them are not sincere (Thomas Gabarro298). † Without respect, then there is no trust as individuals will not trust people who treat them badly. People therefore need to learn to respect black women because it is the only way that will help them salvage their relationships, ease communication and enhance understanding each other so that productivity of the company can improve. It is also advisable to find trust agents if the matters in the organizations are too complex for the members to solve. Having an independent party helping employees and management to solve their problems will be good as they will not be biased. ? Educating the other employees on the negative effects of discrimination is also a positive step towards creating room for black female executives. Conclusion Operations in organizations are changing slowly by slowly to accommodate cultural diversity and people are beginning to embrace the work done by the black women as well as other minority groups. Black women executives nowadays can be found in almost all departments in the workplace and have even gone a step further to head multinational organizations. â€Å"Even in the wake of civil rights and women movements which have helped bring about gender equality, black women executives still face many challenges. African American women need to work harder to face out racism especially in this ever changing diverse world (Burk NCWO). †These women need to be supported in the work they do rather then being put down as they are also human and they deserve respect just like other individuals in similar positions in the society. Corporations therefore need to change their cultures and philosophies so that they attract more black women and retain them. Black women also need to show that they deserve the executive positions by being passionate about the jobs and ensuring that they are qualified for the positions. References Bell, E. L. J. Nkomo S. M. (2003). Our Separate Ways: Black and White Women and the Struggle for Professional Identity. Harvard Business Press, 5, 239, 5 Benjamin L. (2005). The Black elite: still facing the color line in the twenty-first century 2nd Ed. Rowman Littlefield, p. 70 Caver K. A. (2002). Leading in black and white: working across the racial divide in corporate America. John Wiley and Sons, 78, 80, 81 Ely R. J. et al. (2003). Reader in gender, work, and organization, Wiley-Blackwell, 2003 p. 343 Hesselgrave B. (2009). Business and economics. Under the Glass Ceiling? Throw Stones! Retrieved on April 2, 2009 http://www. miller-mccune. com/business_economics/under-the-glass-ceiling-throw-stones-1023 Ivancevich, J. M. Gilbert, J. A. (2000). Diversity Management: Time for a New Approach Journal of Public Personnel Management, Vol. 29 Lamont, M. Molnar, V. (2002). The Study of Boundaries in the Social Sciences Annual Review of Sociology journal, p. 12 National Council of Womens Organizations Burk M. (2005). 50 ways to improve womens lives: the essential womens guide for achieving equality, health, and success World Library, 2005 p. 124 Thomas, D. A. Gabarro J. J. (1999). Breaking Through: The Making of Minority Executives in Corporate America, Harvard Business Press, Tucker S. H. (1994). Black women in corporate America: the inside story; executive women discuss real-life workplace issues that face black women today Retrieved on April 2, 2009 http://findarticles. com/p/articles/mi_m1365/is_n1_v25/ai_15643636/