National Government in America 1775 to 1789

Americans developed many types of â€Å"national† governments between 1775 to 1789. Each of these variations in centralized governments served different purposes through out this time period. They also represented the ideologies and fears of the people in how they were regarded, empowered, and organized. One of the first unified fronts that the colonial states presented in a form of centralized governments was the formation of the Second Congress. The Second Congress met on May 10, 1775 in Philadelphia. It had many of the same restrictions that the First Congress had when it met in September 1774. Their purpose was to perform in two contradictory ways. First they had to raise money for an army. All the while negotiating a reconciliation with England. Some of the delegates included, John Hancock, John and Samuel Adams, John Dickinson, George Washington, Benjamin Franklin, and James Madison. Although these delegates were, for the most part, of the same mind in 1775, times would later change them: influencing all of them in different political directions. This Congress had virtually no power. They did not have any authority to write or change laws. But they could raise an army, finance the war, gathering a pro-independence coalition, and they could explore diplomatic alliances with foreign countries. So little power was given to Congress, by the states, because of a deeply embedded fear of a powerful centralized government. Unwilling to repeat the mistake made in Britain, placing so much power in such a small governing body, was something that the states strived to not repeat. And they kept that in mind when they elected to draft the Articles of Confederation. The Articles of Confederation, drafted by John Dickinson in May 1775, allowed Congress to issue bills, borrow money, to settle all disputes between states, and to administer unsettled western lands. However, many state governments did not like the last two provisions (settle disputes between states and control all western lands). Those issues would cause Congress to debate the Articles for years. To amend the Articles, all states had to unanimously agree to the changes. Again the second class powers given to the national government was due to the states fear of an all-powerful central government. For it could potentially jeopardize the freedoms of the people it governed. Just like it had when the king of England and Parliament passed various revenue generating taxes on the colonies without representation. By 1781 economic turmoil began to weaken the newly formed confederation of the states. The cost of the war had plunged the colonies into economic hardship. From 1781 to 1788 is known as the â€Å"critical period.† After the revolution the first priority was to pay for the war itself. Congress had given land certificates to solders that fought in the war against the British, as payment for their service. They had also printed money to pay for the military supplies and pay solders, but the money was never backed by â€Å"hard money.† Hard money is gold or silver. In 1775 this printed money had some value, but it was virtually worthless by 1781. Many states had also printed paper money in excess, as well. Further confusing and disrupting the economy and plunging the country into deeper economic debt. Even though Congress was granted the right to print money, it did not have the right to tax. Without the ability to tax, Congress had no means of collecting revenue to pay for the war. A weakness that was discovered when Robert Morris served as Superintendent of Finance for the Confederation from 1781 to 1784. Morris originally proposed a five-percent impost tax on all imported goods into the country. But most coastal states already had impost taxes, which they used to pay for their potions of the war debt. Also Congress did not have the authority to impose such taxes on the states populations according to the Articles of Confederation. Nor did they have any means of enforcing compliance of such tax laws. This proposal was soon dropped. A second plan by Morris called for a nationally supported bank that would hold Congress†s hard money along with other investors and private citizens. In return the bank would give the government short-term loans. This plan also allowed the bank to print â€Å"banknotes.† Banknotes were paper money that was backed by hard money in the bank vaults: therefore they would not depreciate in value. The theory behind this was that with paper money backed by hard money it would provide the nation with some economic stability. Morris† national bank worked with limited success. The bank was relatively small; it printed little money (even thought it actually printed more paper money than what it could back in hard money) for circulation. Therefore, it had limited impact on the economy: providing little stability. In the fall of 1786 the economic troubles of the Confederation reached a peak. Armed men threatened the courts in Massachusetts over the newly imposed taxes passed by the state. Not only were additional taxes passed, but also the state insisted that they be paid in hard money. Most citizens at the time had little hard money on hand. This caused many to arm themselves again, in protest against the hardships that the government was imposing on them. Daniel Shays was the leader, who was a farmer, and also had served as a captain in the Continental army during the revolution. Shays, with 2,500 other, marched on the courts of Massachusetts. James Bowdoing, governor of Massachusetts at the time, quickly put the rebellion down. Later this uprising would be called Shays Rebellion. The significance of Shays Rebellion was that it demonstrated that the nation was still in unrest. Originators of the revolution found themselves on the other side of the table. In their efforts to repay the war debt and maintain a standard of living and success of their businesses, they had placed economic hardships on the people in the form of excessive taxes. Although Congress and the state governments had few options (one being to print money in excess or to heavily tax the people), some thought that there was a better way. Economic problems come from the simple fact that all thirteen states printed their own money. Some states (with strong economies: Virginia and New York) relied on taxes solely to repay their portions of the war debt quickly. While other states that had poor economies simply printed more money to compensate for monetary fluctuations. One theory was that if a unified economy could be established it would help ease the situation and growing tensions. But to have that you would need a unified national government, one with more powers than the present Congress had to manage it. At the prompting of James Madison, the Virginia legislature called a meeting of the states. The way this meeting was called bypassed the confederation Congress. The purpose of this meeting was to try and modify the Articles of Confederation, to give Congress power to regulate trade in hopes to improve the economic problems. But only five of the nine states, which agreed to participate, attended. Out of those who did attend, all had the same impression of a pending national crisis. So the meeting was rescheduled for Philadelphia in May 1787 in order to try and get more participants to attend. During the time it took for a quorum to gather, Madison and the Virginian delegates drafted a fifteen-point plan, which totally restructured the confederation. Once the seriousness was reveled of what was really under discussion, it was unanimously decided to keep all of the proceedings completely confidential. To help keep order, George Washington was elected to preside over the convention. Virginia was the first to propose vast changes in the federal government. Their plan, presented by Edmund Randolph, called for a three-branch government. With a two chamber legislature, a powerful executive, and judiciary branch. This government operated directly on the people. Congress had the right to veto state legislation, coerce states militarily to obey national laws, and to legislate in areas were states are incompetent. The executive and judiciary branch could veto jointly any legislation presented by Congress. To say the least this plan was heavily debated. But it did not meet any out right opposition. William Paterson, who was from New Jersey, presented an alternative plan in mid June. This plan became know as the New Jersey Plan and resembled some of the Articles of Confederation. It had a single house Congress in which the states would have one vote. But it would have a shared three-man presidency, of who were elected by Congress. This three-man group took the place of the executive and judiciary branches. This plan gave vast powers to Congress: it was allowed to regulate trade, and to use force on unruly states. However, the plan still rested on the confederation principle of the national government that was to be an assembly of states and not of the people. A compromise later broke the heavy debates over the two plans. By mid July it was agreed that the new form of government should be a three-branch government with supreme power over the states and bicameral legislature (with a Lower House of Representatives appointed by population and the Senate who represented each state). In the Senate the two senators could vote independently of each other. This was the first emergence of the present day federal government; a government based on the representation of the people. The next hurtle was to define who the people were. In southern states they had large majorities of people who could not vote, but would give power to them through the new form of Congress. But these people were slaves: the debate was, are they citizens or are they property. To the southern states they were citizens, with the idea that they would allow more power for them in the Congress. However, smaller northern states with little or no slaves viewed them as property. Who had no right to representation in Congress. This debate created what is known as the â€Å"three-fifths clause.† Which stated that only three-fifths of the non-voting population could be counted when deciding the number of representatives in Congress. With most of the problems out of the way, the next step was to have the thirteen states ratify the new form of government. Only nine states needed to ratify, and pass, the proposal in order to make it law, however, it was going to be an up hill battle. For the states would not give up their powers so easily. The proponents of the new government called themselves Federalist; opponents to the new government took the name of Anti-Federalist. By May 1788, eight of the states ratified the proposal. To help gain more support, the federalists James Madison and John Jay wrote a series of essays called â€Å"The Federalists Papers.† The essays started in October 1787, and totaled eighty-five altogether. They were published in New York newspapers in hopes to win the states vote for the new government. New York was critical to the success of the proposal, after Virginia, New York was the next most influential state. If New York could be persuaded to pass the new form of government it would assure solidity and legitimacy to the new government. Even though Virginia and New York†s ratification was not necessary to the passing of the new government, the federalists wanted to have a unanimous vote. Having these two states would help in pulling the remaining two states in (North Carolina and Rhode Island) into a unanimous agreement among the thirteen states. These two states did finally ratify the new government, but not until May of 1790, and at that, they barely ratified the new government by only a two-vote margin. Prior to the revolution the ideology that prevailed was that government should be local, and directly represent the people. If a government was to be too large and to far from the people it served, it had the potential to become a dictatorship in its management of country affairs. But because of the economic strain of the war, the thirteen different economies and monetary systems were not adequate. Nor could they stabilize the economics of the confederacy. A few politicians of the time (like James Madison and Alexander Hamilton) had a vision of a more powerful centralized government that would be able to bring the states in line with national policy and help to stabilize the local economies. While showing the world a unified front among the states. Several debates would develop over the idea of a more powerful government over such things as the definition of representation by population, the western territories, and the power of the states vs. the power of the federal government and Congress. Compromises, persuasive arguments, and essays would have to be made by everyone. But finally, in May of 1790, the thirteen states would agree on a larger, more powerful federal government. Which had authority over the states in matters of taxation, trade, and fundamental laws that transverse state lines.

Demand & Supply , Examine the Argument in Favour & Against Minimum Wage Law in Uk

* BUSINESS DECISION ANALYSIS* * London* *School*of Accountancy & Management Course Instructor: Prof. Armaan Nehal. N. Panchasara (ID no: ST0005944) Masters of Business Administration Assignment: A * (Using Demand & Supply: examine the arguments in favour & against minimum wage law in UK*) * *Total words: 1,402 Demand It refers to the willingness and ability of buyers to purchase goods and services at different prices. Supply It refers to the willingness and ability of sellers to provide goods and services for sale at different prices What* *is minimum wage? A minimum wage is the lowest monthly, daily or hourly that employers may legally pay to their employees or workers. Or in other words, it can be explained as the lowest wage at which workers may sell their labour. What is minimum wage law in U. K? A National Minimum Wage (NMW) was introduced for the first time by the Labour government of UK on 1 April 1999, and it’s been practiced hence fore. The current minimum wage of UK* as per October 2009 Demand curve of labour: It is assumed that the higher the wage, the fewer hours an employer will demand of an employee. This is because, as the wage rate rises, it becomes more expensive for firms to hire workers and so firms hire fewer workers. The demand of labour curve is therefore shown as a line moving down and to the right. {draw:frame} Supply curve of labour: It is assumed that workers are t o ready labour for more hours if wages are high. Graphical economic representation of this relationship is plotted as the wage on the vertical axis and the quantity (hours) of labour supplied on the horizontal axis. Since increase in wages, increase the quantity supplied, the supply of labour curve is upward sloping, and is shown as a line moving up and to the right. {draw:frame} Effect of Minimum wage law on demand & supply: {draw:frame} Nearly all introductory textbooks on study of economics, it states, increasing the minimum wage decreases the employment of minimum-wage workers. More such textbook says: â€Å"If a higher minimum wage increases the wage rates of unskilled employees above the level that would be established by market forces, the quantity of employment for unskilled workers will fall. The minimum wage will price the services of the lowest productive (and therefore lowest-wage) workers out of the market. †¦ The direct results of minimum wage are clearly mixed. Some workers, mostly those whose previous wages were closest to the minimum, will enjoy higher wages. Other, particularly those with the lowest wage rates, will be unable to find work. They will be pushed into the ranks of the unemployed. If there is rise in the level of minimum wage, then there is rise in level of unemployment, because if the minimum wage is increased the demand for labour falls as it is less profitable for the firms to employ as many people. It is assumed that higher the wages, the fewer hours an employer will demand of an employee, as the wage rate rises, it becomes more expensive for firm to hire workers and so firms hire fewer workers. The demand of labour curve is therefore shown as a line moving down and to the right. While merging the demand and supply curves of labour, we can examine the effect of minimum wage. Assuming that supply and demand curves for labour will not change as a result of raising the minimum wage. If no minimum wage is in the place, workers and employers will continue to adjust the quantity of labour supplied according to price until the quantity labour demanded is equal to the quantity of labour supplied, i. e. reaching Equilibrium price, where demand and supply curves intersect. As shown in above graph. Arguments in Favour of Minimum wage law: Motivates and encourages employee to work more efficiently. By increasing incomes for the lowest-paid workers, the cost of government social welfare decreases. Stimulates consumption of low-income people by putting more money in their hands that spend their entire pay checks. Does not have a substantial effect on unemployment compared to most other economic factors and so it does not put any extra pressure on welfare systems. According to Historical evidence it is noticed at current levels, that it neither hurts businesses nor reduces job creation. A study of U. K. tates showed that businesses' average and annual payrolls grow faster and employment grew at a faster rate in UK with a minimum wage imposed, the study showed a correlation, but did not prove causation to claim. Increases the work ethic for those who earn very little, as employers demand more return from the higher cost of hiring these workers. Arguments in Against the Minimum wage law: Discourages further education among the poor by encourage people to enter the job market. The National Minimum Wage had a negative impact on the staffing levels within our retail stores. The stores are operating for fewer hours as compared to they were several years ago in order to absorb the impact of the strong increases. Businesses spend fewer amounts on training their employees. Reduces profit margins of business owners as employing minimum wage workers, thus it encouraged to move to businesses that do not employ low-skill workers. Businesses try to compensate their effects by raising the prices of the goods being sold thus it caused inflation and increasing the costs of goods and services produced. Does not improve the situation of those who suffer from poverty, it benefited some at the expense of the poorest and least productive. It gave a limitation on the freedom of both employers and employees, and can result in the exclusion of certain groups from the labour force. As a labour market is parallel of political-economic protectionism, it excludes low cost competitors from labour markets, hampers firms in reducing wage costs during trade downturns, and generates various industrial-economic inefficiencies as well as unemployment, poverty, and price rises, and generally impairment of functions. Reduction in quantity demanded of workers, either through reduces in the number of hours worked by individuals, or through reduces in the number of jobs. A NMW set above the free-market wage for certain groups raises the marginal cost of employing people – so firms will cut jobs, reduce hours of work for employees and unemployment will rise. Other workers will demand higher wages to maintain pay differentials (this is known as â€Å"pay leap-forging†). An increase in the total wage bill may cause cost-push inflation and damage the price competitiveness of UK producers in international markets. Young and low-skilled workers will lose out – firms will tend to employ older workers whose experience is greater. There will be a substitution effect of works against younger participants in the labour market. A minimum wage will not ease poverty because many poor households do not have a income earner. Poverty is concentrated in those groups where no one is in paid employment. A minimum wage has little direct effect on these households – better to introduce a minimum income guarantee. A NMW does not take into account regional differences in cost of living and will have a effect of distortion on the way the UK labour market works. Effects of minimum wage law: Effects on the distribution of wages and earnings among low-paid and higher-paid workers. Effects on the distribution of incomes among high-income and low-income families. Effects on the skills of workers through job trainings and the deferring work to acquire education. Effects on profits and prices. Employment effects, the most frequently studied aspect Conclusion Since the introduction of a national minimum wage in the UK in 1999, its effects on employment were subject to extensive research and observation by the Low Pay Commission. The Low Pay Commission found that, rather than make employees redundant, employers have reduced their rate of hiring, reduced staff hours, increased prices, and have found ways to cause current workers to be more productive (especially service companies). Neither trade unions nor employer organizations contest the minimum wage, although the latter had especially done so heavily until 1999. References: Abowd, John M. , Francis Kramarz, David N. Margolis and Thomas Philippon (2000), â€Å"A Tail of Two Countries: Minimum Wages and Employment in France and the United States†, mimeo, CREST, Paris, September. Angriest, Joshua and Alan Krueger (1999), â€Å"Empirical Strategies in Labour Economics†, in O. Ashenfelter and D. Card (eds. ), Handbook of Labour Economics,

Blood bank management system Essay

1. Introductions BLOOD BANK MANAGEMENT is a software application to maintain day to day transactions in a blood bank. This software help to register all the donors, Blood collection details, blood issued details etc. Blood banks collect, store, and provide blood. Typically, these banks collect blood from voluntary blood donors. The banks then sort blood by type, check blood to  make sure it is free of disease and then store it for future use. The main mission of a blood bank is to provide life-saving blood to hospitals and other health care facilities. Blood cannot be created by any means, it can only be collected from the Humans i.e. donors. A blood bank is a bank of blood or blood components, gathered as a result of blood donation, stored and preserved for later use in blood transfusion..to satisfy blood necessity, to buy, sale and stock. 1.1 Purpose Online Blood Bank is aims serving for human welfare. We have all the information, you will ever need. Many people are here for you, to help you, willing to donate blood for you anytime. We have done the entire job, rest is yours. Search the blood group you need. You can help us by registering on Online Blood Bank if you are willing to donate your blood when needed. As a proud member of Blood Bank and a responsible human being, you can help someone in need. So donate blood in online. 1.2 Scope Blood Bank is aims serving for human welfare. We have all the information, you will ever need. Many people are here for you, to help you, willing to donate blood for you anytime. We have done the entire job, rest is yours. Search the blood group you need. You can help us by registering on Online Blood Bank if you are willing to donate your blood when needed. As a proud member of Online Blood Bank and a responsible human being, you can help someone in need. So donate blood in bank. In this project mainly 3 modules are there. 1. Admin 2. Donor 3. Acceptors 1. Admin: This module focuses on the both donors & acceptors. Each member in a donor & acceptor is given a user id and password, which identifies him  uniquely. The member is given a login form. he enters the login details user id and password. .. The options given to †¢ Maintain donor details †¢ Maintain referral once †¢ Update donor details †¢ View Experiences †¢ Logout Change Password Whenever a user wants to change his / her password he can select the change password option. The system displays the form, which asks him for his old password and new password. The system then compares the old password with the existing password in the database†¦ 2. Donor: Each member in a Donor is given a user id and password, which identifies him uniquely. The member is given a login form. he enters the login details user id and password. .. The options given to a each member in a staff are Change password Find a Blood group Why donate blood who needs blood Find a Donor Refer a friend Logout 3. Acceptor: In this you can store the information about Acceptors. Change password Find a blood group. Who needs blood Logout? Software requirements: Operating System: Windows XP Front End: NET (Active Server Pages, Visual basic ,Java Script) Back end : Sql Server Hardware requirements : MINIMUM P-IV SYSTEM 512 RAM 40 GB HDD 1.3Definitions Donor The person who donate the blood Accepter The person who accepts the blood Transfusion An act of transfusing donated blood, blood products, or other fluid into the circulatory system of a person or animal. 1.4References http://www.bharatbloodbank.com http://www.lionsbloodbank.net/ 1.5 Overview The first section tells about introduction of blood bank management system and its scope. The remaining sections of this document provide a general description, including characteristics of the users of this project, the product’s hardware, and the functional and data requirements of the product. General description of the project is discussed in section 2 of this document. Section 3 gives the functional requirements, data requirements and constraints and assumptions made while designing the E-Store. It also gives the user viewpoint of product. Section 3 also gives the specific requirements of the product. Section 3 also discusses the external interface requirements and gives detailed description of functional requirements. Section 4 is for supporting information. Now the description of SRS is follow:- Section 1. 1.Introduction 1.1 Purpose 1.2 Scope 1.3 Definitions 1.4 References 1.5 Overview Section 2. 2.Overall Description 2.1 Product Perspective 2.2 Product Functions 2.3 User Characteristics 2.4 Constraints Section 3. 3. Specific Requirements 3.1 External Interfaces 3.2 Functions 3.3 Performance Requirements 3.4 Logical Database Requirements 3.5 Design Constraints 3.6 Assumptions and Dependencies

Business Ethica(BA Business Management ) Essay Example | Topics and Well Written Essays - 2500 words

Business Ethica(BA Business Management ) - Essay Example It is important to respect others and to be tolerant of differences. Also essential to have good manners and avoid bad language at all costs. Also, essential to understand others feelings and not to hurt or hit others but work on dealing with issues in a more respectful and peaceful manner. c) Responsibilities: To be responsible, it is important to be perseverant, and to always give in the best for everything. Also, having self control and being self disciplined along with being accountable for choices and to think before acting, with a complete consideration of all consequences. d) Fairness: It is important to work based on rules and to share with others. Also important to be open minded and should be able to listen to others. It is also essential not to take advantage of others and to be very careful before blaming anyone. It is essential to also note that control systems need to be in place for effective ethics programs. Companies can use two types of control systems these include, a) Based on compliance, and b) based on values. The compliance based help in creating a more orderly behaviour and also ensures that the legal aspects are taken into account and complied with. The value based is more supported by the shared values and here the company can focus more on the company’s values rather than rules and regulations (Weston, 2010). Together with the control systems and the above mentioned points companies can build well developed ethics programs. There have been a number of arguments for and against the social responsibilities. Firstly, considering the arguments for social responsibility, include, creating better environment, considering the public expectations, and the long run profits, considering the ethical obligations, and public image. Social responsibility also allows a balance between responsibility and power and helps keep up with the shareholders interest and the possession of the resources. This also permits

Elements of Negotiation and Bargaining Skills Coursework

Elements of Negotiation and Bargaining Skills - Coursework Example Communication is crucial to the success of most activities. Communications individuals gather information about the other members of the negotiation. Interest involves what the negotiators want from the interaction. The option of a negotiation in a deal involves looking for the best alternative to putting into action. Legitimacy is vital in interaction between who are bargaining for a commodity or a service (Carrell & Heavrin, 2008). The parties to a negotiation should be committed to the communication because both of them stand to gain from the success of the negotiation. The skills required to conduct a successful negotiation are crucial to most corporations. Effective negotiators need to have the problem-solving skills to determine the intention of the parties in a deal. In relation to, top negotiators need to have good communication skills to understand the details of the negotiations. Effective negotiators have interpersonal skills that they use to maintain a good working relationship with the parties to a negotiation (Carrell & Heavrin, 2008). Collaboration and teamwork are a skill significant to negotiators to unite the associates of a contract. Lastly, decision-making is a primary skill because it helps negotiators act decisively. Rational choice theory is the situation that individuals behave the way they do because the decision to do the actions has more benefits than costs. It relates to the negotiation process in the sense that individual use their rational mind to make decisions (Carrell & Heavrin,

Bio-statistics Essay Example | Topics and Well Written Essays - 1000 words

Bio-statistics - Essay Example It can be either additive or subtractive. In case of additive procedure, the significant predictive variables are included in the regression model one after another. In case of subtractive approach all the expected variables are included in the model and then those which do not show statistically significant association with the predicted variable are dropped from the equation. In univariate analyses each variable is analysed separately for its statistics like mean, median, mode, standard deviation, range, skewness etc. Association on the other hand comes by looking at trend between two variables. If values of two variables show a tandem movement, then there exists significant association between the two variables. Though it looks very similar to correlation, it is completely different as in case of association, there may not be any causal relationship between two variables, which is there in case of correlation. What has been stated in the quoted sentence is that univariate analysis resulted in significant association between ‘allogeneic transfusion’ and ‘older age’; ‘allogeneic transfusion’ and ‘female sex’; ‘allogeneic transfusion’ and ‘hip procedure’ and so on. It means that instances of allogeneic transfusion were more in older people, females and so on. But it does not necessarily mean that this relationship was causal as well, it may be or may not be. g) ‘Revision hip’ was associated with the highest probability of transfusion as ‘Risk ratio’ is highest for this procedure. This means that those going for â€Å"Revision hip’ are at the greatest risk for allogeneic transfusion than those going for other procedures. h) The older person (aged 77) is at greater risk of requiring a transfusion after operation than the younger one. This comes from the fact that the multivariate regression model throws up risk ratio of 1.77 for those aged from 70 – 80 as compared to that of those aged below 70.

Senior Project Team Essay Example | Topics and Well Written Essays - 1250 words

Senior Project Team - Essay Example The business plan will provide a foundation upon which future plans can be built with all of the business goals in mind and with a clear direction in which the company can journey. In creating a business plan, the first recommended course of actions is for the company to set on paper the mission of the company. Creating a mission statement allows a company to provide an overall goal through which all other goals can be measured and assessed. The mission statement would include ideas about the values and purposes that the business intends for being in business. This creates a doorway to understanding why the business exists. As business decisions are made, the mission statement creates a centered platform from which those decisions will support the goals that are being set for the company. Taking the time to create a solid mission statement of the business is highly recommended as a first step towards creating a workable business plan that allows for the goals of the company to be ach ieved. Through this mission statement it will be clear when the company is meandering off point, heading towards an outcome that is not really a part of the intended future of the company. It is highly recommended that this be the first step towards creating a more organized set of goals for the company. The important goal that will be achieved through creating the business plan is an organized and ordered set of goals that can be formulated through specified strategies. When a company does not adhere to a set of strategies, eventually it will wander into a trap that will negatively affect their overall performance. Ordered and organized strategies will prevent the company from meandering into a trap that is off mission and outside of the goals that are intended. Strategy is the final step before implementing a plan towards a goal. The goal must be identified with the strategy to meet that goal then created. Through a well organized business plan, the best strategies for a company w ill be revealed and goals can be met in ways that will have wonderful and surprising results. It is not the path towards the goal that should be full of surprises, but the results of meeting the goal so that the best possible outcome can be achieved. In recommending that Can-Go create a business plan, the consultants are looking towards the best possible future for the company as it designs its set of goals and creates strategies through which to meet them. The mission statement will provide the company with a commonly understood meaning so that all the ideas that the employees bring to the table can be assessed and goals can be created towards meeting those ideas that fall into the purpose that has been designated through the mission statement. Once the ideas are assessed and created into goals, tasks can be designed to meet those goals. Goals become the functional outcome of the business plan, creating a framework in which strategy can be set. The one thing that must be remembered in creating a business plan is that it is flexible and will change as the business changes and grows. While a static mission statement is best, the details that surround that mission statement will provide for the expected growth that a company will achieve. The goals of a company will change as expected outcomes are met and new goals are created towards a bigger and

Market Review Exercise Dissertation Example | Topics and Well Written Essays - 1000 words

Market Review Exercise - Dissertation Example Service proliferation comes from the increasing number of services offered by the financial in their search for new avenues of revenue generation. The search for new avenues of revenue generation by the financial sector has also resulted in growing competition among the various financial organizations in the financial sector. A key reason for the proliferation of financial services is the trend in favour of government de-regulation or the loosening of the control strings of the government on the financial sector. One of the reasons for the deregulation of the financial sector is for the ordinary citizen to earn more interest on savings and this has resulted in the trend for interest sensitive mix of funds. Developments in the field of information technology are used as tools for sharpening the competitive edge among the players in the financial, and also allow the many new services offered to ride piggyback on technology changes including automation. Effective use of the automation p ut in place requires generation of high volumes of sales, which means increased customer base and as a result the trend in consolidation and global expansion. ... Differences between Building Societies and Banks Building societies are mutual institutions in which a major portion of the having a savings account in the building society or a mortgage from the building society are members and in essence operate in the financial markets as financial services providers for meeting housing finance needs. Banks on the other financial enterprises in many cases hold public investment as stocks on which revenue has to be derived for paying out to the stock holders and so offer a plethora of financial services in the market towards revenue generation. Building societies are not so strongly governed by profit motives and so their services for housing purposes tend to be offered at lower costs; however they have a drawback in that there is a limit of 50% of their funds that they can seek from the wholesale market. However, in the new millennium these differences are getting blurred, because of the cross provision of financial services that has seen building societies indulging in selling insurance, unit trust and other such long term investment products and banks also offering competition in these services (Spencer, 2000). Current Building Society Trends By incorporating as public limited companies, building societies are able to overcome the limitations that they have in access to capital from the financial markets. This has seen the trend among building societies to become public limited companies. Such a move also helps them to overcome the restrictions of the UK Building Societies Act and face the challenge of reduced demand for housing finance. To offset the reduced demand for housing financial services, the trend after incorporation as public limited companies is to move into new areas of financial services

International Management Competencies Essay Example | Topics and Well Written Essays - 500 words - 1

International Management Competencies - Essay Example For this reason, embracing Internet technology to gain information about the market composition may work positively for my organisation. Through this knowledge, it is easier for me as a manager to understand the manner of reaction of all customers to diverse ideas prevailing in the market. Following globalisation of businesses, it is advisable for me as a manager to ensure that all the accounting and book keeping methods follow the international standards. Burton (2012) argues that anybody in any part of the world who may be interested in knowing about the organisations financial status may have easy time interpreting the financial implications on the records. This would create an international business climate which would come along with numerous advantages in my position as a manager according to the explanations in the subsequent sections. The article elaborates about culture and business ethics having direct relations which can be viewed in different dimensions. There are issues such as law, religion and other means of relation which define the culture of a given business community. This relates to cross-cultural ideas which bring about change in the market culture and norms. This may vary from country to country depending on the dominant values in the field of business within that country. As a manager, it is crucial for me to determine the cultures and practice of various countries so as to make sound decision in every involvement with any country. On the same note, I realize that development of better communication and diversity within a country would mean that more tolerance would be exhibited compared to pure composition in a society. Burton (2012), in his research, supports that the best way to go as a manager is to ensure that all the instruments used in cultural impact determination are non bias. In determining all the dimensions, I must consider that functional role remains constant across all countries. When I am developing a design for a

Final report Essay Example | Topics and Well Written Essays - 2250 words - 2

Final report - Essay Example rban forests sustainability largely depends on the people’s attitudes, character and activities on urban trees such as planting, land development, plant injury and pruning. Users of urban forests include the public, private enterprises and local economic groups among others. Management bodies formulate appropriate policies; apportion appropriate resources and manpower to implement urban forest projects. Managers must consider how to integrate public safety of urban forested areas and open spaces into the planning and management of urban forests. Tree selection is critical to ensuring that urban forests are diverse, healthy, and adapted to the urban environment, Environmental Commissioner of Ontario (2005). Urban forestry is a form of biophysical urban forest ecosystems management which is both dynamic and complex. It comprises of all trees found within a city, amidst large human populations and artificial infrastructure. Reports in Arborday (nd), indicate that this practice has a variety of benefits which benefit the lives of all urban dwellers. The focus of managing urban forests is on acquisition of non- tangible benefits. Sustainable urban forest management decisions focus on human safety, health, and psycho – socio benefits and tree disturbance by engineering works. These benefits include social, aesthetic, environmental and economic benefits. With the tremendous growth of urban areas and a subsequent high population growth outside the urban areas, urban forestry forms a fundamental basis of human livelihood. Rapid urban growth poses a threat to both the ancient natural forests as well as the urban forests. Urbanization causes a potential risk of changes in the social syste ms and attitudes, with a notion of less environmental concern and consumption behavior. Unfortunately, local planning procedures fail to consider the impact of urbanization in regards to community development. This causes a challenge to the local management agencies and forestry

The Sovereignty of Parliament Essay Example | Topics and Well Written Essays - 1500 words

The Sovereignty of Parliament - Essay Example The basic tenets of these are based on the precepts of the Constitution itself.3 A. V. Dicey in 1885 summarized in his definition of the Rule of Law three areas are comprised: English law is what rules the citizens, not those that establish the law or choose to use it for their own advantage; there is an intrinsic understanding that all are equal under the law; and lastly that a constitution is a result of the laws of the land not the converse.4 One of the most contentious issues of debate concerning the Constitution remains the Sovereignty of Parliament. ... ant role is that of a legitimizer of the government's actions,6 dating back to one of the founding documents of the British Constitution, the Magna Carta.7 Written in 1215, the Magna Carta laid the cornerstone of the Sovereignty of Parliament in that it limited the power of the monarch by written grant.8 Modern Parliament was formulated with the passage of the Act of Union 1707 with the joining of the Scotland under the federal rule of Britain while still allowing them some autonomy.9 The British Common Law constitution acknowledges the sovereighness of the monarchy; however, it affirms that likewise, as they must uphold the law, they are powerless to change it; that rests solely with Parliament.10 Several cases upholding its Sovereignty follow. Pickin v British Railways Board [1974] HL upheld the Supremacy of Parliament in that the judicial challenge of any act of Parliament is disallowed.11 Vauxhall Estates v Liverpool Corporation [1932] DC held that the Sovereignty of Parliament is assured and no Parliament may bind another parliament.12 Similarly, Ellen Street Estates Ltd v Minister of Health [1934] held that the Sovereignty of Parliament was absolute and there is no judicial review allowed.13 The 1998 Human Rights Act (HRA) has, some suggested, further weakened the Sovereignty of Parliament. Section 19 of this Act is particularly important in that without its full knowledge and clear understanding Parliament will not enact any legislation incompatible with the convention without its full knowledge and understanding. The Minister is required upon introducing a bill to Parliament to make a clear statement as to, in his opinion, the bill contradicts the convention. If he is unable to make a determination as to compatibility he is required to state

Collaboration and Innovation at Procter & Gamble Essay Example for Free

Collaboration and Innovation at Procter Gamble Essay Look in your medicine cabinet. No matter where you live in the world, odds are that you’ll find many Procter Gamble products that you use every day. PG is the largest manufacturer of consumer products in the world, and one of the top 10 largest companies in the world by market capitalization. The company is known for its successful brands, as well as its ability to develop new brands and maintain its brands’ popularity with unique business innovations. Popular PG brands include Pampers, Tide, Bounty, Folgers, Pringles, Charmin, Swiffer, Crest, and many more. The company has approximately 140,000 employees in more than 80 countries, and its leading competitor is Britain-based Unilever. Founded in 1837 and headquartered in Cincinnati, Ohio, PG has been a mainstay in the American business landscape for well over 150 years. In 2009, it had $79 billion in revenue and earned a $13.2 billion profit. PG’s business operations are divided into three main units: Beauty Care, Household Care, and Health and Well-Being, each of which are further subdivided into more specific units. In each of these divisions, PG has three main focuses as a business. It needs to maintain the popularity of its existing brands, via advertising and marketing; it must extend its brands to related products by developing new products under those brands; and it must innovate and create new brands entirely from scratch. Because so much of PG’s business is built around brand creation and management, it’s critical that the company facilitate collaboration between researchers, marketers, and managers. And because PG is such a big company, and makes such a wide array of products, achieving these goals is a daunting task. PG spends 3.4 percent of revenue on innovation, which is more than twice the industry average of 1.6 percent. Its research and development teams consist of 8,000 scientists spread across 30 sites globally. Though the company has an 80 percent â€Å"hit† rate on ideas that lead to products, making truly innovative and groundbreaking new products is very difficult in an extremely competitive field like consumer products. What’s more, the creativity of bigger companies like PG has been on the decline, with the top consumer goods companies accounting for only 5 percent of patents filed on home care products in the early 2000s. Finding better ways to innovate and develop new ideas is critical in a marketplace like consumer goods, and for any company as large as PG, finding methods of collaboration that are effective across the enterprise can be difficult. That’s why PG has been active in implementing information systems that foster effective collaboration and innovation. The social networking and collaborative tools popularized by Web 2.0 have been especially attractive to PG management, starting at the top with former CEO A.G. Lafley. Lafley was succeeded by Robert McDonald in 2010, but has been a major force in revitalizing the company. When Lafley became PG’s CEO in 2000, he immediately asserted that by the end of the decade, the company would generate half of its new product ideas using sources from outside the company, both as a way to develop groundbreaking innovations more quickly and to reduce research and development costs. At the time, Lafley’s proclamation was considered to be visionary, but in the past 10 years, PG has made good on his promise. The first order of business for PG was to develop alternatives to business practices that were not sufficiently collaborative. The biggest culprit, says Joe Schueller, Innovation Manager for PG’s Global Business Services division, was perhaps an unlikely one: e-mail. Though it’s ostensibly a tool for communication, e-mail is not a sufficiently collaborative way to share information; senders control the flow of information, but may fail to send mail to colleagues who most need to see it, and colleagues that don’t need to see certain e-mails will receive mailings long after they’ve lost interest. Blogs and other collaborative tools, on the other hand, are open to anyone interested in their content, and attract comments from interested users. However, getting PG employees to actually use these newer products in place of e-mail has been a struggle for Schueller. Employees have resisted the changes, insisting that newer collaborative tools represent more work on top of e-mail, as opposed to a better alternative. People are accustomed to e-mail, and there’s significant organizational inertia against switching to a new way of doing things. Some PG processes for sharing knowledge were notoriously inefficient. For instance, some researchers used to write up their experiments using Microsoft Office applications, then print them out and glue them page by page into notebooks. PG was determined to implement more efficient and collaborative methods of communication to supplant some of these outdated processes. To that end, PG launched a total overhaul of its collaboration systems, led by a suite of Microsoft products. The services provided include unified communications (which integrates services for voice transmission, data transmission, instant messaging, e-mail, and electronic conferencing), Microsoft Live Communications Server functionality, Web conferencing with Live Meeting, and content management with SharePoint. According to PG, over 80,000 employees use instant messaging, and 20,000 use Microsoft Outlook, which provides tools for e-mail, calendaring, task management, contact management, note taking, and Web browsing. Outlook works with Microsoft Office SharePoint Server to support multiple users with shared mailboxes and calendars, SharePoint lists, and meeting schedules. The presence of these tools suggests more collaborative approaches are taking hold. Researchers use the tools to share the data they’ve collected on various brands; marketers can more effectively access the data they need to create more highly targeted ad campaigns; and managers are more easily able to find the people and data they need to make critical business decisions. Companies like PG are finding that one vendor simply isn’t enough to satisfy their diverse needs. That introduces a new challenges: managing information and applications across multiple platforms. For example, PG found that Google search was inadequate because it doesn’t always link information from within the company, and its reliance on keywords for its searches isn’t ideal for all of the topics for which employees might search. PG decided to implement a new search product from start-up Connectbeam, which allows employees to share bookmarks and tag content with descriptive words that appear in future searches, and facilitates social networks of coworkers to help them find and share information more effectively. The results of the initiative have been immediate. For example, when PG executives traveled to meet with regional managers, there was no way to integrate all the reports and discussions into a single document. One executive glued the results of experiments into Word documents and passed them out at a conference. Another executive manually entered his data and speech into PowerPoint slides, and then e-mailed the file to his colleagues. One result was that the same file ended up in countless individual mailboxes. Now, PG’s IT department can create a Microsoft SharePoint page where that executive can post all of his presentations. Using SharePoint, the presentations are stored in a single location, but are still accessible to employees and colleagues in other parts of the company. Another collaborative tool, InnovationNet, contains over 5 million researchrelated documents in digital format accessible via a browser-based portal. That’s a far cry from experiments glued in no tebooks. One concern PG had when implementing these collaborative tools was that if enough employees didn’t use them, the tools would be much less useful for those that did use them. Collaboration tools are like business and social networks–the more people connect to the network, the greater the value to all participants. Collaborative tools grow in usefulness as more and more workers contribute their information and insights. They also allow employees quicker access to the experts within the company that have needed information and knowledge. But these benefits are contingent on the lion’s share of company employees using the tools. Another major innovation for PG was its largescale adoption of Cisco TelePresence conference rooms at many locations across the globe. For a company as large as PG, telepresence is an excellent way to foster collaboration between employees across not just countries, but continents. In the past, telepresence technologies were prohibitively expensive and overly prone to malfunction. Today, the technology makes it possible to hold high-definition meetings over long distances. PG boasts the world’s largest rollout of Cisco TelePresence technology. PG’s biggest challenge in adopting the technology was to ensure that the studios were built to particular specifications in each of the geographically diverse locations where they were installed. Cisco accomplished this, and now PG’s estimates that 35 percent of its employees use telepresence regularly. In some locations, usage is as high as 70 percent. Benefits of telepresence include significant travel savings, more efficient flow of ideas, and quicker decision making. Decisions that once took days now take minutes. Laurie Heltsley, PG’s director of global business services, noted that the company has saved $4 for every $1 invested in the 70 high-end telepresence systems it has installed over the past few years These high-definition systems are used four times as often as the company’s earlier versions of videoconferencing systems. Sources: Joe Sharkey, â€Å"Setbacks in the Air Add to Lure of Virtual Meetings,† The New York Times, April 26, 2010; Matt Hamblen, â€Å"Firms Use Collaboration Tools to Tap the Ultimate IP-Worker Ideas,† Computerworld, September 2, 2009; â€Å"Computerworld Honors Program: PG†, 2008; www.pg.com, accessed May 18, 2010; â€Å"Procter Gamble Revolutionizes Collaboration with Cisco TelePresence,† www.cisco.com, accessed May 18, 2010; â€Å"IT’s Role in Collaboration at Procter Gamble,† Information Week, February 1, 2007.

Corporate Governance Practices of Indian Companies

Corporate Governance Practices of Indian Companies The paper uses disclosure scores to examine corporate governance practices of Indian listed companies. A content analysis of 50 companies listed on the NSE has been carried out. A disclosure index compiled by SP has been developed to determine how much listed Indian companies disclose. This study reveals that Indian companies are quite transparent. The research findings shall enable the investors in estimating how much disclosure listed Indian companies make. It will also add to the increasingly inadequate literature relating to corporate governance and disclosure practices in developing countries. This study though has limitations since the focus lies only on 50 companies listed on the NSE which are the largest and most followed stocks and may not represent all Indian companies. Chapter 1: Introduction Introduction Corporate governance has received increased importance in the aftermath of collapses of large companies worldwide such as Enron and WorldCom. Economies worldwide are now realizing the importance of good governance (Standard Poors 2008). The developed countries realized the importance of governance mainly following corporate scandals of the west (Reed, 2002). In some cases these scandals led to a direct response e.g. the Cadbury Report (Boyd, 1996 cited in Reed, 2002, p.228). On the other hand, in developing countries such as Brazil and India, poor economic performance had often led to economic crisis. Consequently, these countries came under the control of bodies such as International Monetary Fund and World Bank. These bodies impose many regulations which require increased attention to governance issues (Reed, 2002). As opposed to developed countries, developing countries paid no attention to governance issues until the financial crisis of East Asia in the late 90s (Oman C., 2003, Mangena and Tauringana, 2007). However, Sobhan and Werner (2003) view that these countries started giving importance to governance issues not because of the East Asian financial crisis but by problems in their own financial markets. Goswami (2003) reiterates this by writing that corporate governance movement began in India due to some corporate scandals that came to the forefront during the first phase of economic liberalization in the country in 1991. Transparency and disclosure are at the heart of corporate governance. Transparency and disclosure helps reduce the information gap between the management of a company and its shareholders and thus helps resolving agency issues in corporate governance (Patel, Balic and Bwakira, 2002). Background Fig. 1 below depicts clearly that India ranks quite high among the developing countries with respect to its governance practices next only to South Africa and Poland. Figure : Governance Ratings of Developing Countries, 2008 (Source: Governance Metrics International) Corporate Governance in India As opposed to developed countries, developing countries paid no attention to governance issues until the financial crisis of East Asia in the late 90s (Oman C., 2003, Mangena and Tauringana, 2007). However, Sobhan and Werner (2003) view that these countries started giving importance to governance issues not because of the East Asian financial crisis but by problems in their own financial markets. Goswami (2003) reiterates this by writing that corporate governance movement began in India due to some corporate scandals that came to the forefront during the first phase of economic liberalization in the country in 1991. One of these was a major securities scam of over Rupees 35 billion (Rupee 1 =  £ 0.0125, approx.) that was uncovered in April 1992 which involved a diversion of funds from the banking system to stock brokers for financing their operations. Bank executives, brokers and even politicians came under the scanner. The stock market had to be shut down for an extended period. Investors and brokers panicked. This led to the first step towards corporate governance in India when the Securities and Exchange Board of India (SEBI) was created by an act of Parliament to protect the interest of investors in the securities market and to regulate the stock market (Goswami, 2003). In 1998, the Confederation of Indian Industry (CII), an industry association published Indias initial corporate governance code, the implementation of which was voluntary by companies and thus very few companies adopted it. Until 2000, the CII Code was Indias only corporate governance guideline. In 1999 the Securities and Exchange Board of India (SEBI), constituted a committee to promote and raise the standards of corporate governance in India which was patterned on UKs 1992 Cadbury Report. On the recommendations of this committee, a new clause 49 was incorporated in the Stock Exchange Listing Agreements (à ¢Ã¢â€š ¬Ã…“Listing Agreementsà ¢Ã¢â€š ¬?). Since 2001, the CII Code has been supplemented by Clause 49 of the Listing Agreement (SEBI, 2003). These corporate governance requirements are applicable to all listed companies in India (Government of India, 2009 and SEBI, 2009). Aims, Objectives and Research Questions The aim of the research is to develop an understanding of the practices of corporate governance in developing economies by investigating the disclosure practices of Indian listed companies. This study will cover 50 companies listed on the National Stock Exchange (NSE) which comprise the NIFTY which is the benchmark index of the NSE. SP CNX Nifty is a well diversified index comprised of 50 stocks across 23 sectors of the economy. The objectives of this study are: To develop an understanding of the importance of corporate governance and transparency and disclosure using literature review; To examine Practices of corporate governance of listed Indian companies using content analysis by studying annual reports of the companies and allocating disclosure scores. The study addresses the following research question: RQ1. How far are Indian listed companies transparent and how much do they disclose? Structure of the project The rest of the research is organized as follows. Chapter 2 provides a review of the relevant literature followed by research design and methodology in Chapter 3. Chapter 4 presents the findings and discussion. The study ends with chapter 5, conclusion which outlines the main points and findings of this study together with limitations and also raises future research questions. Chapter 2: Literature Review Introduction In the sections that follow, the existing literature on corporate governance and disclosure is reviewed. This chapter is divided into three parts. The first part discusses the importance of corporate governance; the second part presents the agency theory. The third part provides a discussion of the importance of disclosure and transparency and its relation with corporate governance. Corporate Governance is an issue of growing importance in developing countries. The Cadbury Report (1992) defines corporate governance as the system by which businesses are directed and controlled. à ¢Ã¢â€š ¬Ã…“Corporate governance involves a set of relationships between a companys management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.à ¢Ã¢â€š ¬? -The preamble of the Organization for Economic Co-operation and Development Principles, 2004 (OECD) Though there have been several studies on corporate governance in developed countries, very little work has been done on developing countries. Most studies have been limited to specific countries. Developing countries encounter a lot of problems such as less developed and illiquid capital markets, economic uncertainties, and weak legal controls and investor protection (Rabelo and Vasconcelos, 2002). Due to these reasons, effective corporate governance in these countries is essential (Tsamenyi, Enniful-Adu and Onumah, 2007). Importance of Corporate Governance Good corporate governance in companies and also across the whole economy helps in providing a level of assurance necessary for the appropriate performance of a market (OECD, 2004). If the governance is weak, equity markets will be thin and thus there will be slower economic growth. On the other hand, in countries where corporate governance systems are strong (like stronger accounting standards), better investment and growth performance can be achieved (Gugler, et al., 2003). Institutions when making investment decisions, give a lot of importance to the fact as to whether the companies follow the basics of corporate governance. Thus if countries wish to attract capital for a long time, they must follow the globally accepted governance principles. Good governance also helps increase the confidence of investors within the country and thus helps reduce the cost of capital (OECD, 2004; La Porta et al, 1998; Bopkin Isshaq, 2009). Foreign investors refrain from investing in developing countries because of weaker governance mechanisms in these countries (Mangena Tauringana, 2007). Thus, companies needing external financing in the future should start adopting better governance measures in the present (Klapper et al, 2004). Many authors support the view that for the development of capital markets, effective governance mechanisms are very crucial (Rabelo Vasconcelos, 2002; Levine Zervos, 1998; Rajan Zingales, 1998). Capital markets can function efficiently if there is effective flow of information between the company and its stakeholders (Akhtaruddin, 2005). Agency Theory Many theories such as stakeholder theory, agency theory among others, express the importance of transparency and disclosure. This paper uses the agency theory as a theoretical framework and models that effective corporate governance practices including transparency and disclosure help resolve agency problems à ¢Ã¢â€š ¬Ã¢â‚¬Å" such as extraction of personal gain by majority shareholders and under or over-investment (Aksu and Kosedag, 2006). Agency theory models the relationship between the principal and the agent (Barako, Hancock and Izan, 2006). Agency relationship is a contract under which one or more persons (the principal) engage another (agent) to perform some work on their behalf. Thus the shareholders (the principal) delegate the decision making function to the manager (or the agent) (Jensen and Meckling, 1976). This separation of ownership and control leads to the incurring of certain costs also known as agency costs (viz. expenses incurred by the principal to monitor agents activities) which are not incurred if the owner and manager are the same person (Barako, Hancock and Izan, 2006). In an agency relationship, managers have an information advantage which they may misuse for their own personal interest. Conversely it may so happen that agents may disclose more information to enhance the value of the firm and to increase the flow of investment in the company by reducing the cost of the agency relationship (Bara ko, Hancock and Izan, 2006). Patel et al. (2002) opine that the agency problem in corporate governance can be resolved in many ways à ¢Ã¢â€š ¬Ã¢â‚¬Å" by a vigilant board of directors, by timely, accurate and sufficient disclosure of financial information and by transparency in the ownership structure. This study deals with one aspect, viz. disclosure and transparency. Disclosure and Transparency Transparency and disclosure are at the heart of corporate governance. The OECD Principles of corporate governance (2004) state that the corporate governance structure of any association should make sure that well-timed and precise disclosure of all important matters of the organization pertaining to its performance, ownership and overall governance is made. Transparency and disclosure (TD) practices followed by firms are an important component and one of the main indicators of the quality of corporate governance (Aksu and Kosedag, 2006). Companies mainly disclose through their annual reports; thus these should contain information that will allow its users to make correct decisions on efficient use of scarce resources (Akhtaruddin, 2005). In fact, a lot of what a company discloses in its annual reports and financial statements reflect its corporate governance quality (Bokpin and Isshaq, 2009). A firm if makes correct and adequate disclosure, reduces information asymmetry thereby reducing investors risk (Bushman and Smith, 2001). Similarly, Lang and Lundholm (1996) view, that by removing asymmetry in information, disclosure and transparency reduce the level of surprises relating to a firms performance thereby making its stocks less volatile. Chapter 3: Research Methodology With the aim of examining the disclosure practices of Indian listed companies, the focus of this study is the examination of annual reports of listed Indian companies using content analysis. This chapter is divided into two parts. The first deals with research design which is content analysis for this research. The second part presents the method of collection and data analysis. Research Design Research design embodies a structure which directs the implementation of a research method and the data analysis (Bryman and Bell, 2007). It tries to describe the best way to design the research so that the best data for the research can be obtained (Lee and Lings, 1975). The research designs that may be employed include experiment, survey, case study, action research, grounded theory, ethnography, archival research, content analysis among others (Saunders, Lewis Thornhill, 2009). The aim of this research is to examine the disclosure practices of listed Indian companies. Annual reports are intended to disclose information about the companys activities and performance to shareholders and other stakeholders. In order to examine the level of disclosure, in lines with previous research, this study seeks to identify the presence or absence (disclosure or non disclosure) of certain identified corporate attributes in the annual reports of the companies. An examination of annual reports of companies could be one of the justifiable ways of assessing their disclosure practices; consequently, the research design used is one of content analysis. Content analysis is an analysis of documents and texts (which may be printed or visual) that seeks to quantify content in terms of pre-determined categories and in a systematic and objective manner. Objectivity ensures that there is transparency in the procedures for assigning the data to categories so that analysts personal biases are ruled out to a large extent (Bryman and Bell, 2007). This study entails analysis of annual reports of listed Indian companies by quantifying content in terms of pre defined categories. Content analysis has been conducted on annual reports by a number of researchers such as Tsamenyi et al. (2007) and Patel et al. (2002) among others, as they are a good instrument to measure comparative positions and trends in reporting. As a technique for collecting data, it involves codifying qualitative and quantitative information into pre-defined categories in order to derive patterns in the presentation and reporting of information (Guthrie et al., 2004). The following paragraphs explain the method of collection of data, its quantification and classification and its analysis. This study uses the method of content analysis which itself is not free from limitations. The major limitation is the subjectivity involved in coding (Frost and Wilmshurst, 2000). In order for valid inferences to be drawn from content analysis, the reliability of both the data and the instrument of collecting and coding the data must be achieved (Milne and Adler, 1999). This research uses the coding method used by many previous researchers such as Patel et al. (2002) and Tsamenyi et al. (2007) and hence can be regarded as à ¢Ã¢â€š ¬Ã‹Å"reliable. Data Collection and Analysis This study entails the examination of annual reports of Indian companies. Data is collected on 50 companies listed on the National Stock Exchange (NSE) and representing the NIFTY, which is literally the barometer of the Indian Capital Market. The sample thus consists of 50 companies listed on the NSE. The SP CNX Nifty is the National Stock Exchange of India Ltds main exchange. The CNX Nifty tracks the performance of a portfolio of blue chip companies, which are the largest and most liquid of the Indian securities. It consists of 50 of about 935 companies listed on the NSE consisting approximately of 60% of the market capitalization and reflects correctly the Indian stock market. The SP CNX Nifty consists of 22 sectors of the Indian economy (Standard Poors, 2010). This research studies the annual reports of these 50 companies. Analysis is limited to only one year because disclosure practices usually do not change dramatically over time (Botosan, 1997). All annual reports are available online on the respective company websites and have been accessed thus. The annual reports studied for most of the companies are for 31st March 2010. All data has been collected from annual reports of 50 companies which make up to 60% of the total market capitalization. Annual reports are one of the most important devices to convey information and are hence the principle focus of the disclosure index (Alsaeed, 2006). This study uses 98 attributes in all to measure corporate governance and extent of disclosure in India (Appendix 2). These attributes have been compiled by Standard Poors and used in many previous studies on disclosure. Using an objective methodology, annual reports are analyzed for common disclosure items grouped into three sub- categories: Ownership structure and investor relations Financial transparency and information disclosure Board and management structure and process A Transparency and Disclosure Score is developed for every company from a binary evaluation of the number of items present in their annual reports, i.e. if a company discloses a particular attribute, a score of 1 is awarded and if not a score of 0 is awarded. This paper analyzes the TD score for 50 Indian companies representing the NIFTY. Previous studies on disclosure and corporate governance such as those by Patel et al. (2002) and Tsamenyi et al. (2007) had followed a similar approach. Chapter 4: Findings and Discussion This chapter presents the findings of this study and also compares the same with previous studies. A disclosure index has been constructed based on a thorough and rigorous examination of the annual reports of the sample companies. Disclosure is defined as the appearance of an item of information in the annual reports of the companies under study (Karim and Ahmed, 2005). If an item is disclosed in the annual report, a score of 1 has been awarded and if the item is not disclosed, then a score of 0 is awarded for that attribute. Thus this disclosure method measures the overall disclosure index (ODI) of a company as additive as follows: Where, d=1 if the item di is disclosed d=0 if the item di is not disclosed n=number of items 4.1 Disclosure Scores and Descriptive Statistics The disclosure scores for each firm are presented both as actual scores and as percentage of the total number of attributes assessed in annual reports. The overall level of disclosure and disclosure score together with the percentage is presented in Table 1 below. Overall, disclosure and transparency register an average score of 72.04 which is quite good. Considerable variation can be noticed in the disclosure practices among the sample companies in India with a range of 54-82. The descriptive statistics are presented in Table 2. Table 1: Disclosure Scores Company Names Disclosure Scores % of Score ACC Ltd. 80 80% Ambuja Cements Ltd. 56 56% Axis Bank Ltd. 76 76% Bajaj Auto Ltd. 75 75% Bharat Heavy Electricals Ltd. 68 68% Bharat Petroleum Corporation Ltd. 69 69% Bharti Airtel Ltd. 78 78% Cairn India Ltd 73 73% Cipla Ltd. 72 72% DLF Ltd. 73 73% Dr Reddys Ltd. 75 75% Gail India Ltd. 76 76% HCL Technologies Ltd. 54 54% HDFC Bank Ltd. 71 71% Hero Honda Motors Ltd. 74 74% Hindalco Industries Ltd. 54 54% Hindustan Unilever Ltd. 70 70% Housing Development Finance Corporation Ltd 72 72% ICICI Bank Ltd. 77 77% ITC Ltd 78 78% Infosys Technologies Ltd. 82 82% Infrastructure Development Finance Co. Ltd 81 81% Jaiprakash Associates Ltd. 76 76% Jindal Steel Power Ltd 75 75% Kotak Mahindra Bank Ltd. 75 75% Larsen Toubro Ltd. 74 74% Mahindra Mahindra Ltd. 65 65% Maruti Suzuki India Ltd. 64 64% NTPC Ltd. 62 62% ONGC Ltd. 65 65% Power Grid Corporation of India Ltd. 65 65% Punjab National Bank 65 65% Ranbaxy Laboratories Ltd 54 54% Reliance Capital Ltd. 75 75% Reliance Communications Ltd. 81 81% Reliance Industries Ltd. 82 82% Reliance Infrastructure Ltd. 76 76% Reliance Power Ltd 77 77% Sesa Goa Ltd 75 75% Siemens Ltd 74 74% State Bank of India 74 74% Steel Authority of India Ltd 75 75% Sterlite Industries (India) Ltd. 62 62% Sun Pharmaceutical Industries Ltd. 63 63% Suzlon Energy Ltd 75 75% Tata Consultancy Services Ltd. 76 76% Tata Motors Ltd. 75 75% Tata Power Ltd. 80 80% Tata Steel Ltd. 81 81% Wipro Ltd. 77 77% . Table 2: Descriptive Statistics of Dependent and Independent Variables Mean Range No. of firms Overall Disclosure Index 72.04 54-82 50 Chapter 5: Conclusion This paper reports on the level of disclosure of a sample of Indian companies listed on the NSE by examining their annual reports. The study uses a transparency and disclosure (TD) index for determining the level of disclosure among listed Indian companies. The index is developed by assigning scores to 50 companies on pre-determined attributes; the study uses the binary scoring method. Using a dataset relating to listed companies for 2009-10, the study reveals that firms on average report 72% of the items compiled by SP to assess level of disclosure. The results of this study can be useful for investors to help them in gauging the level of disclosure by listed Indian companies. It will also be of interest to researchers, managers, regulators and market participants. The findings of this study must be interpreted in the light of the following limitations. Firstly, the sample used for this study is small in size and is composed of the largest and most followed companies on the National Stock Exchange and thus may not be representative of the population of Indian companies. Secondly, the index used to find the level of disclosure, is that which has been compiled by SP. No distinction has been made between compulsory and voluntary items of disclosure. Also, this study uses the unweighted or binary approach to measure the level of disclosure. Thus, if a company disclosed an item voluntarily, it did not get any extra score for that. Finally, the study gives at best a broad overview of the level and quality of disclosure among Indian companies since the results are based on the data of one year only and lacks longitudinal analysis. Further research is needed to evaluate the trends in the disclosure and also to assess if the level or quality of disclosu re has improved over time. Even with these limitations, there are some important contributions that this study makes. This study reports that the level of disclosure among Indian listed companies is quite high.

Universal Human Rights and Cultural Differences

Universal Human Rights and Cultural Differences Since the end of the Second World War, an increasing number of human rights instruments have been adopted, by the United Nations. These instruments have set forth common standards of human rights, and members’ states of the U.N. are called upon to respect in order to ensure better protection of human rights everywhere. But opposite to this trend, there has been a sort of resistance in many parts of the world, where human rights norms are seen as western matter. During the Cool War period, countries of the Soviet block used to consider them as linked to ‘capitalist bourgeoisie’ while young independent nations of the South saw the focus on human rights as a threat to their newly acquired sovereignty. Both sides claimed their right to difference. This raises the issue whether human rights standards should be considered differently because of cultural or differences among peoples. To put it another way, â€Å"are human rights of universal viability and applicability or are they better understood and evaluated within specific social and cultural contexts? What level of social accountability can be accommodated within the emerging global human rights regime to accord it cultural legitimacy within various societies?†1 Voices from the West have pointed out that differences among people did not permit them to meet the Western standards of human rights. It is believed that some cultures are more likely to commit human rights abuses, and for a series of reasons, there are people elsewhere to cover them or to keep silent because of their interest, thus ‘excusing the inexcusable’ which they claim being ‘part of their culture’. The aim of this paper is to sound the long debate on the relationship between universal standards human rights and cultural differences. Firstly, it recalls the foundation on which is grounded the concept of human rights, namely the human dignity, irrespective of culture, race, religion or gender. Secondly, it analyses major arguments put forward by cultural relativists, highlighting their danger, that is, the risk of having double standards of human rights. Finally, in concluding remarks, the paper considers the actual trend of recognizing human rights norms and condemning their abuses (such as female circumcision or sharia), even where people justify them by cultural specificity. I. The universal concept of human rights and the recognition of human dignity The concept of human is grounded on the idea that Man has rights simply because he is human. The universal worth and dignity of human being is founded in the writing of philosophers such as John Locke and Jean Jacques Rousseau. For the former, â€Å"human beings are by nature free, equal and independent†2, and the protection of that freedom and equality should be the end of the political society. Rousseau also insists on the freedom of the human being and writes that Man should never surrender his freedom: â€Å"A man who renounces to his freedom renounces at his quality as human being†. After bloody revolutions, there were attempts to introduce these concepts in states constitution in England, in France, and in the United States of America. But the first recognition of the need to secure rights for human being was stated in the Charter of the United Nations, following the atrocities of the Second World War. In its Preamble, it is said that one of the purpose of the U.N . is the achievement â€Å"international cooperation in solving international problems of an economic, social, cultural or humanitarian character, and in promoting and encouraging respect for human rights and fundamental freedom for all without distinction as to race, sex, language or religion†. The Universal Declaration on Human Rights is the first instrument on human rights in its preamble presented itself as â€Å"a common standard of achievement for all peoples and nations†. It went further by stating: â€Å"Recognition of the human dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world†. Subsequent instruments such as the Covenant on Civil and political Rights and the Covenant on Economic, Social and Cultural Rights contained what is usually called ‘core rights’ meaning â€Å"that are indispensable for an existence in human dignity and therefore need absol ute protection†. Among those core rights are the right to life, the prohibition of torture, slavery, arbitrary arrest, discrimination or genocide. No derogation from such rights is permitted, even in time of war. The philosophical foundations of the concept of human rights are to be found in the Western Europe. As Robertson and Merrils write, â€Å"it is clear that the mainstream has its origin in the liberal democratic tradition of Western Europe, a tradition which is itself the product of the Greek philosophy, Roman law, the Judeo-Christian tradition, the humanism of the Reformation and the Age of reason†. It means that the Western World translated into international law its philosophical, moral, cultural and religious value. Questions arise therefore as to their universality that is whether it is possible to take into account the differences while focusing on the common standards of human rights. On the other hand, if cultural differences cannot be denied, it is to establish whether differences can be an excuse to human rights abuses. Who will decide the nature and the level of change to meet universal standards of human rights and how avoid to be labelled /or accused of cultural he gemony? For the relativists, moral and cultural values differ from one culture to another. According to Parekh, â€Å"Different societies throw up different systems of moral beliefs depending on such things as their history, traditions, geographical circumstances, and views of the world. We have no means of judging them for there are no objective and universal criteria available for the purpose, and even if there were, we would be too deeply conditioned by our own society to discover them†. Cultural differences may have an influence on the human rights issues where national competence, the sovereignty of the state or the quest of self-determination are opposed to the idea of universal human rights standards. The 1993 Vienna Conference was an example of arena where, universal principle of human rights clashed with relativistic assumptions. At the eve of that important even, African and Asian groups of nations mate to draw their views they intended to put forward at the conference. In the Tunis Declaration, which reflected both their convictions and their expectations, the African group nations gave a different sound. While admitting that the universality of human rights, they declared that â€Å" no ready-made model can be prescribed at the universal level since the historical and cultural realities of each nation and the traditions, standards and values of each people cannot be disregarded†. They also highlighted the â€Å"principle of the indivisibility of huma n rights†: â€Å" Civil and political rights cannot be dissociated from economic, social and cultural rights. None of these rights takes precedence over the others†. Finally, the Tunis Declaration insisted on the link between human rights and economic development: â€Å"Political freedom when not accompanied by respect for economic, social and cultural rights is precarious. The right to development is inalienable. Human rights, development and international peace are interdependent (†¦) Africa, which has chosen the path of democracy, economic reform and the promotion of human rights, in an unfavourable international economic environment, and which finds itself particularly exposed to internal tensions deriving from the failure to meet the basic needs of populations and from the rise of extremism, will nevertheless remain committed to its choices and its responsibilities, and calls upon the international community to do likewise, in particular through an intensific ation of international solidarity, an adequate increase in development assistance and an appropriate settlement of the debt problem†. In the Bangkok Declaration, Asian group of nations opposed what they saw as Western imperialism and urged the international community to take into account their cultural difference as regard to human rights. While agreeing like Africans that human rights are universal in nature, they insisted that those rights â€Å"must be considered in the context of a dynamic and evolving process of international norm-setting, bearing in mind the significance of national and regional particularities and various historical, cultural and religious backgrounds†. Furthermore, they added, â€Å"the promotion of human rights should be encouraged by cooperation and consensus, and not through confrontation and the imposition of incompatible values†. Finally, criticising â€Å"the use of human rights as conditionality for extending development assistance and as an instrument of political pressure†, the Bangkok Declaration stressed â€Å" the need to avoid the application of double sta ndards in the implementation of human rights and its politicisation†. Indonesian Foreign Minister stated later in Vienna: â€Å"While human rights are universal in character, it is now generally acknowledged that their expression and implementation in the national context should remain the competence and responsibility of each government. This means that the complex variety of problems of different economic social and cultural realities and the unique value systems prevailing in each country should be taken into consideration†12. One may draw the conclusion that for Southern countries, priority has to be given to the satisfaction of basic needs for food, shelter, clothes before other rights such as freedom of expression and fair elections. One may even go so far to consider Western concepts of human rights as luxury for poor countries, because â€Å"cultural

Hitchcock’s Work at an Auteur in his Movie, Vertigo :: Movie Film Essays

Hitchcock’s Work at an Auteur in his Movie, Vertigo Though complex and brilliantly written for its time, the plot of Alfred Hitchcock’s film, Vertigo, is only half of the genius behind it. Alfred Hitchcock’s unique presence as an auteur is truly what sets his films apart. There is symmetry to his shots that give the film an artistic feel, as if each frame were a painting. Many times, within this symmetry, Hitchcock places the characters in the center of the frame; or if not centered, then balanced by whatever else is adding density to the shot. For example, as Madeline sits and looks at the painting in the museum, there is a balance within the frame. To counter-act her position to the right of the painting, Hitchcock puts a chair and another painting on the left side, which is visually pleasing to the eye of the audience. The use of red and green not only adds a visual effect as well, but later serves as a clue that Madeline is not actually dead, when the women who looks like her is wearing a green dress. Hitchcock has a way of throwing clues in the face of the spectator, yet still allows some room for the spectator to find their own less obvious details. In the same museum scene, Hitchcock shows the viewer exactly what he wants them to see. In a sense, Hitchcock can be very manipulative with the camera. The audience sees the picture containing the women with a curl in her hair holding flowers, and then the direct connection is made by the camera, by showing the curl in Madeline’s hair, and the flowers sitting next to her. The spectator is led to believe that they have solved the mystery and she is truly possessed by the women in the picture. However, Hitchcock does this on purpose to lead the audience away from the truth that she is only acting. It is for these reasons that Hitchcock’s work at an auteur adds a level of depth and intrigue. Hitchcock has characteristics as an auteur that is apparent in most of his films, as well as this one.

William Wordsworth :: essays research papers

One of the most famous poets in literary history is that of William Wordsworth. He lived between the years of 1770-1850. He was a very strong poet and many of his works have some degree of a pessimistic view to them. They could be understood after the hard life he led. He saw the French Revolution at its height and wrote several poems about it. He had an illegitimate daughter with a woman in France. When he returned back to England he married Mary Hutchinson, who gave him two sons and another daughter.   Ã‚  Ã‚  Ã‚  Ã‚  Till this day we can read the famous poems and ballads of Wordsworth. One poem that caught my attention was that of Scorn not the sonnet. The poem is rather interesting and brings up other poets before his time. It also talks about the form and the meaning of a sonnet. He talks of the sonnet as a delicate work of art. Wordsworth describes each part of the sonnet by talking of another poet. He describes how one of the other poets helped shape the form of sonnet writing.   Ã‚  Ã‚  Ã‚  Ã‚  In the first two lines of the poem he is writing of a critic. Wordsworth writes â€Å"Scorn not the sonnet; Critic, you have frowned, mindless of its just honors;† These two lines state the critic or the audience is not able to understand what is being written in the sonnet. Wordsworth from the beginning says that the sonnets hold honor in their form of literary writing. This style of writing was very popular among the sixteen hundreds and most well known writers are known because of their sonnets. The sonnets gave the writers honor as the sonnet took honor of its own.   Ã‚  Ã‚  Ã‚  Ã‚  Next he goes on to say, â€Å"with this key Shakespeare unlocked his heart;† Without going into great detail Shakespeare is none for his incredible sonnets as well as hi plays. Wordsworth here begins to show how each poet contributed to this writing still. He begins off with Shakespeare. Wordsworth explains that through these sonnets Shakespeare’s heart was opened so therefore he was able to write such meaning full sonnets with love and passion. By the honor that was bestowed by the sonnets Shakespeare was able to be more expressive and gain his own honor.   Ã‚  Ã‚  Ã‚  Ã‚  Petrarch, who was one of the early sonnet writers is also one of the great Italian poets. His sonnets dealt with his unrequited love for a woman by the name of Laura.

Reaction About The National Sports and Physical Education Association Standards

The National Sports and Physical Education Association (NASPE) came up with the 3rd edition of the National Guidelines and Standards for the Physical Education Teacher Education (PETE) which provides programs with guidance on the 2008 Initial and Advanced national physical education teacher training standards. Below are the INITIAL PETE Standards and reaction or view about each category: 1. Scientific and Theoretical Knowledge. Physical education teacher candidates know and apply discipline-specific scientific and theoretical concepts critical to the development of physically educated individuals. This standard assures that the teacher candidate has the scientific bases which could explain the concepts critical to the progress of an individual. The elements which must be done by the teacher started in describing and applying the scientific concepts related to the movement, physical activity and fitness, followed by identifying historical, philosophical and social perspectives of physical education issues and legislation, then lastly, analysing motor skills and performance concepts. It is very important for the teacher to know what he is teaching to the learners. This will help the teacher find ways on how to attack or target and plan for a physical fitness activity that is very effective and scientific. This is the most important thing to provide effective and purposeful program for physical education. 2. Skill-Based and Fitness-Based Competence. Physical education teacher candidates are physically educated individuals with the knowledge and skills necessary to demonstrate competent movement performance and health-enhancing fitness as delineated in NASPE's K-12 Standards. After having the knowledge about the bases of the concepts in developing physically educated individuals, a teacher candidate should also know how to demonstrate different movements and fitness activities. He must reach and maintain a health-enhancing level of fitness throughout the program. This is important in conducting variety of physical activities and maintain the level of fitness. It also stated that there should be no discrimination among the persons with disabilities. Teacher candidates with special needs are encouraged to modify or use different ways in providing physical activities. . Planning and Implementation. Physical education teacher candidates plan and implement developmentally appropriate learning experiences aligned with local, state and national standards to address the diverse needs of all students. This refers to the ability of the teacher candidate in designing, planning, managing and implementing learning experiences. Teacher should provide a progressive activities to meet the needs of the learners, especially today there is an increasing number of persons with a poor- healthy lifestyle. . Instructional Delivery and Management. Physical education teacher candidates use effective communication and pedagogical skills and strategies to enhance student engagement and learning. A physical educator must possess an effective verbal and non- verbal communication skills to encourage them to participate and get interested with all the planned physical activities. This is an effective avenue to promote fitness and wellness. A teacher who does not know how to communicate and deliver the competencies is not effective. Delivery and communication is a very important standard to make all the learners understand the importance of engaging to physical activities and enhance their abilities and skills. 5. Impact on Student Learning. Physical education teacher candidates utilize assessments and reflection to foster student learning and to inform instructional decisions. This standard refers to the employment of assessment and evaluation of the physical fitness activities. The importance of the assessments and reflection is knowing how effective the designed program or activities. It is also important to identify which part of the program needs to be improved and be adjusted. This helps the teacher to know the effect of the activities to the learners. 6. Professionalism. Physical Education teacher candidates demonstrate dispositions essential to becoming effective professionals. It is very important for the teacher to be a model of character/ behaviors, dignity and respect. Teacher must believe that all students can become a physically educated individuals. (REFERENCE: 2008 National Initial Physical Education Teacher Education Standards National Association for Sport and Physical Education ) In general, NASPE’s standards for the Physical Education Teacher Education will provide all the professional physical education teachers a guide and tool in achieving its mission- to enhance knowledge, improve professional practice, and increase support for high quality physical education, sport, and physical activity programs. Physical Education teachers must be aware of this standards to properly direct the learners. Sadly, not all physical educators are familiar with these standards. The reason why, especially in our country, Philippines they see physical education as a non- academic subject and always given the less priority. As the head- teacher of our institution, I will make sure that all my physical education teacher will follow this standards.

Obtaining a college degree Essay

Obtaining a college degree is cardinal of the most important goals in my life. I be intimate that with a college degree I could fork out better opportunities to realize my r incessantlyies. I am an international student and I find life in this inelegant exciting, recent and it seemed that everyday is a acquisition experience. I feel that there is so much more than that I could learn, so much more to experience and to discover. I am Chung, Sung-Joo and I am move overing in your university to continue my studies in the field of economics.I come from a place where grooming is valued and highly prized. I sleep with that my parents and family pull up stakesing be proud of me when I get into a university and I am doing my best to not fail them. The dream of earning a degree from a esteemed university has been my inspiration to continue studying condescension the difficulties of adjusting to a new country and new culture.The image in my mind of deviation to school everyday i n this university and attention classes and meeting new people gather in kept me going and pulled me through dickens years of preparatory training. Applying to the University of California is the near installment to the realization of that dream. Being true would be an accomplishment in itself and if ever I pass on be presumption the chance to continue my studies in this insertion consequently I am ready and able to give my best and reach my relish for learning and to become an right in the field of economics.Early in my life, I realize understood wherefore my parents have worked so hard to forward me to a true school and why they have encouraged me to seek program line in this country, and until now I turn over in their conviction that having a theatrical role education is the key for success subsequently in life.I bring with me that conviction, thus I am committed to covering this course, and I will work hard, carry on in the face of difficulties, find imp lication in my lessons, respect my teachers and participate wholeheartedly in my classes. I believe that if a person desires and prays for that which he holds dear then it will be given to him. I sleep together that with hard work, dedication to my studies and be happy with what I do will take me closer to that degree. Academically, I know that I can cope with the demands of university rigors.I am good with numbers and I can easily understand concepts exchangeable trends and patterns of movement, and I do believe that I have the analytic mind obligatory for the study of economics. I have been headspring trained by my mentors in Diablo vale College and they have all encouraged me to apply in your school. I trust their view and I know that your program will give me the knowledge and skills to become an analytical economist. I am also good at understanding relationships between ideas and or events, I am fairly authentic that economists should be good at captious call ining, p roblem solving and forecasting.I think that I have the necessary priming coat for furthering a degree in economics, although I must admit that I even need to improve in my literal communication skills and in speaking the talking to more fluently. But I know that despite the language difficulty, my earnest desire to learn would surpass it. I have adequate computer skills, I have an eye for details, I am measured with my work and I have a working(a) study habit. I am also adept at question and I like doing practical exercise projects as it helps me test the concepts I lettered from class and I enjoy working with a topic and finding more about it.I know that so many students come to you every semester and I do hope that I will be among those you would consider to accept.ReferencePetersons Undergraduate Database (2006). New York Thomson Learning Inc.