Saturday, August 31, 2019

Science Limitations

Science is a great way to learn and understand how our universe works. Once we learn science, we're opened many new doors and can even learn how to manipulate our very own universe. Throughout the course of human events, science has helped mankind overcome a wide range of issues. However, science is a double-edged sword and has also brought many new issues.It is important to place limitations on science and research in order to prevent or abate anything that can go wrong during the ursuit of knowledge. The pursuit of knowledge can often blind one of potential problems that can arise during or after an experiment. â€Å"l collected the instruments of life around me, that I might infuse a spark of being into the lifeless thing that lay at my feet. † (Shelly 285) In Frankenstein, we can see that Victor becomes very elated to what he might infuse to his creation.However, he does not consider what might potentially go horribly wrong during this process. He doesn't think anything ca n fail because the power to create something has shrouded his Judgment. It is for this very same reason why we have many energy and environment crises in our world today. Many scientists wish to help a company, themselves, or humanity and are engulfed by the end result that they become ignorant to any possible unwanted byproducts or results. Jeremy Rifkin also elaborates on the ignorance caused by the pursuit of knowledge in Biotech Century. Fears over the possibility of transgenic genes Jumping to wild weedy relatives heightened in 1996 when a Danish research team observed the transfer of such a gene – something critics of deliberate-release experiments have arned of for years and biotech companies have dismissed as a remote or nonexistent possibility. † (Rifkin 31 5) Rifkin explains that the transfer of genes from altered crops to weedy relatives could create super weeds that are resilient to herbicide, pests, and viruses. These super weeds would cause farmers to spra y even more herbicide on them.Naturally, this would affect our food supplies because we would be spraying so many harmful chemicals to the soil and to the food that eventually ends up at our dinner table. The companies and scientists seeking either onetary gain or any form of knowledge, deny any possibility of any deviations from their plans. Seeking to create plants that are resilient is a noble cause; however, ignoring the proven fact that it can also destroy the environment through the unintentional genesis of super weeds is another example of shrouded Judgment.The examples on ignorance, instigated by the pursuit of happiness, which Shelly and Rifkin elaborate upon, are clear reasons why there should be limitations imposed on scientists. Shelly also demonstrates how scientists meddle with nature and attempt to usurp nature's role. l pursued nature to her hiding-places. † (Shelly 286) Victor was obsessed with the idea of having the power to create life. â€Å"†¦ listen ing attentively, demoniacal corpse to which I had so miserably given life. † (Shelly 289) Up until then, Victor was drunk with the idea that he was going to create the perfect specimen and the next evolution of man.Once Frankenstein was born, Victor was horrified that his plan to usurp nature had backfired. He realized Frankenstein was a â€Å"demoniacal corpse† and not human. This wasn't a simple experiment where you could redo an experiment many times for a favorable result. Victor had created a monstrous living creature. He had introduced the living creature to an exotic environment, physically superior to others, intimidating in appearance, and predestined to be persecuted in a world where he had no idea why he was there.Rifkin also gives insight to the topic of scientist's endeavor to usurp nature's role. â€Å"In Just the past 18 months, genetically engineered corn, soy and cotton have been planted over millions of acres of U. S. farmland. Genetically engineered insects, fish and domesticated animals have also been introduced†¦ † (Rifkin 313) Companies are ntroducing thousands of new living specimens into real environments without a single thought of the real problems that could come out of these actions.Just like Victor, theyre caught up in the moment of having the power to create new life that has never even existed in nature prior to scientific advancements that allowed it. Consequentially, these new genetically engineered specimens can have disastrous effects on exotic environments that aren't used to having them. They're the modern Frankensteins. Rifkin appeals to the reader's ethos by saying that, similar to Frankenstein, these enetically engineered creations are the works of man and are potential threats to any ecosystem they enter. â€Å"Genetically engineered products also reproduce. They grow and they migrate. (Rifkin 313) This means that the genetically engineered products of a lab can freely migrate themselves to any part of the world they can tolerate.Everyone is aware of the destruction brought by introducing exotic animals/ plants to ecosystems that are in harmony. Scientists are playing â€Å"ecological roulette† when they release these engineered creations because even if they were to admit or ind out that their creations had devastating effects, they would be unable â€Å"recall genetically engineered organisms back to the laboratory, especially those organisms that are microscopic in nature. (Rifkin 313) Rifkin and Shelly both make outstanding arguments on why there should be limitations on science where scientists dare not tread for the sake of order. They agree that the power to create life instills an ignorance that also gives birth to new sets of potential problems. Science will always be present in society because it holds a lot of prominence. Science is how we understand our universe and it allows us to hape it as well.Science has helped mankind out of the caves, increased the average life span, and also let us Journey to places where man could only dream of. Of course, like anything in this world, science will require a cost to advance. The cost can be in the form of problems that were nonexistent in nature before that sometimes do not outweigh the benefits. These same problems will also challenge our own humanity as well and our future on this planet. For these reasons, Rifkin, Shelly, and I believe that whilst science is a powerful force for the advancement of the human Is planet.

Friday, August 30, 2019

Business Torts and Product Liability

The scope of product liability usually exposes the manufacturers, sellers, product designers or licensres to the sphre of the legal actions. Here the word ‘product’ is not only indicate the finished or final products but it covers the supplimentary items which is intimately associated to consumer expectations . Moreover, the term produt saftey can be a part of a product, which is related, with any kind of chain of distribution. The manufacturers and other entities involved with market are liable for the products, which are defective in nature . The distributors, dealers, retailers, representatives and employers can also brought in to the action if their products are turned to be defective. The American common law adopted the concept of strict liability under consumer perspectives in early 1960’s. They began to adopt the view that the sellers should bear the cost of injuries or defects in their products as they are in the best position to distinguish the risks associated with their products. The American law institutes call for the various state law departments to recapitulate the developments in strict liability in Section 402A of the Restatement (Second) of Torts in 1977. However, it happens that the defenadnts may undergo harsh facets of the torts and action for their unintentional act or ommission. The courts of modern times also provide the sellers the indisputable liability for their defective products without the negligence or fault on the part of the seller. (1) For such victims the rules and judgements may appear too harsh but the genuine culprits desreves so. ———————————————————————————————————– 1. Restatement (Third) of Torts products liability, 1999 Business Torts and Product Liability 2 Introduction â€Å"He can excuse himself by showing that the escape was owing to plaintiff’s default; but as nothing of this sort exists here, it si unnecessary to inquire to what excuse would be sufficient. † – Blackburn J Generally there are cases that where a defaulter can be held responsible for an injury even where no negligence or evil intent can be shown. The doctrine of strict liability imposes legal responsibility for injuries sustained by or because of an actor's conduct, whether or not the actor used reasonable care and regardless of the actor's state of mind. Strict liability cases are limited to certain narrowly-defined areas of the law, including products liability, ultrahazardous activities, care of animals and certain statutory offenses. However, the question arises whether such liability and the treatment against the alleged wrong doer is too hurtful or not. To analyse this, firstly, we shall discuss the scope of the torts and product liability in buisiness. Buisiness torts and product liability The general principle is that, seller of any defective product which is unreasonably dangerous to the user or consumer, is subject to liability for physical harm thereby caused to the ultimate user or consumer or to his property, if the product is expected to and does reach the user or consumer, without substantial change in the condition in which it is sold. (Restatement (Second) of Torts, 1977)(1). It does not matter that the seller has exercised all possible care in the preparation and sale of his product; and the user or ——————————————————————————————————– 1. Sec. 402A of Restatement (Second) of Torts, 1977 Business Torts and Product Liability 3 consumer has not bought the product from or entered into any contractual relation with the seller. In Rylands Vs Fletcher,(2) the court found that even if the defendant was not negligent or rather, even if the defendant did not intentionally cause the harm or he was careful, he could still be made liable. The defendant may excuse himself by showing that the occurrence was owing to the plaintiff’s default or that was the consequence of vis major or the act of good. The liability arises not because there was ant fault or negligence on the part of persons, but because he kept such defective products and the same was caused some sort of personal damage to another. The liability of the defective products was well explained in the famous case Donogue Vs Stevenson (3) as, a person who is for gain engages in the business of manufacturing articles of food and drink intended for consumption by members of the public in the form he issues them, is under a duty to take care in the manufacture of these articles. That duty must be to whom he intends to consume his products. The law has enumerated a number of rules to provide maximam penalty to the wrongdoer’s for his misconduct regarding the products. .whether this way of gauging the act and ommissions of the wrongdoers for their product liability is justifiable or not? Are they undergoing ruthless treatment than they deserve? Whether the treatment under product liability is harsh or not Recently in the case, Wyeth vs. Levine (4) the Vermont Supreme Court ——————————————————————————————————– 2. Rylands Vs Fletcher (1868) L. R 3 H. L 330 3. Donogue Vs Stevenson [1932] AC 562 (HL) (Sc) 4. Wyeth vs. Levine, Pharmaseutical industry Today, News, 22 Nov 2008 Business Torts and Product Liability 4 confirmed a nearly $6. 8 million product liability claim against Wyeth because the company's FDA-approved warning label on anti-nausea drug Phenergan only cautioned physicians about a quick-injection method. The injection caused the palintiff’s vein nicked and caused gangrene in an arm that eventually led to amputation. Here, it can be accepted that defendant faced the consequences because of his negative conduct to the consumers. Still there is a question arises about the magnitude of the penalty usually provides in such cases. The fact is that such liability causes negative impact on the day-to-day conduct of buisiness also. The product liability always compel the the manufacturers to internalize the cost of the product. When the manufacturer assigned all the liabilities for the injuries caused, he is forced to take account all the harms caused and this may lead the manufacturer unable to profit from producing the product Due to strict imposition of law in various manners, the manufacturer may not produce the socially optimal level of goods. Under such conditions the manufacturer cannot pass on the economic costs to the consumers as insurance as the most of the consumers are highly price sensitive. This may harm the production of the products and complete removal from the market. Apart from this, there is a chance of instituting high-level substantial higher transaction costs due to the high-level apllication and the sucsequent penalty of the product liability. Moreover, this causes lowering the consumer surplus from these transactions. (Miller,Goldberg ,2004)(5) ———————————————————————————————————— 5. Miller, C. J, Goldberg, R. S (September 30, 2004) Product liability, 2 edition Publisher: Oxford University Press, USA; ISBN-13: 978-019825678 Business Torts and Product Liability 5 Some times the damage may cause due to the default of the palintiff . The palitiff may misuse the product. Moreover, there is a chance that the product has been altered and modified by the palintiff without the knowledge of the manufacturer. The defects may cause due to the conduct of the third party who is neither defendant’s servant nor does the defendant have any control over him. Or else there is a chance of the product is being manufactured or designed according to the industry custom and standards and government standards related to the manufacture and design. In such cases there is no point in treating the defendant with a extreme penalty. (6)(Salmond, 1996) The cases like Fardon Vs harcourt Rivingston (7) and Glosgow Corp. Vs Muir (8) clearly laid down the priniciple regading the minimising the liability of the wrong doer under such circumstances.. If the possibility of the incident emerging is only a mere possibility which could never occur to the mind of eth reasonable man ,there is no negligence in not having taken extraordinary precautions. People must guard against reasonable probablities but they are not bound to guard against fantastic possibilities. Conclusion Since the product liability is the legal responsibility of manufacturers and sellers to buyers, users and bystanders for damages or injuries suffered, the strict liability of these sections are firmly observed. However, a manufacturer of a product cannot be considered the absolute guarantor of its product’s safety. It can be said that there is a utilitarian ———————————————————————————————————- 6. Salmond, Heuston (1996) , Law of Torts, , p443 publisher: Sweet & Maxwell; 21Rev Ed edition (24 Oct 1996) ISBN-13: 978-0421533509 7. Fardon Vs harcourt Rivingston (1932) 146 L. T 391 8. Glosgow Corp. Vs Muir ((1943) A. C 488 principle revolved under the imposition of such liability. Because the people determined to cling to the responsible persons for their actions even though there is no negligence on their part. Because there are some derivation of benefits likes improved products, safety and accountability, which is generally, prevail over the burden on the defendant in strict liability proceedings. So in such cases in order to fulfill the public policy of minimizing the injury, it is more reasonable to introduce the burden of finding and correcting such dangers upon the manufacturer rather than taking away the defective products from the consumer. ********************************** References 1. Faegre & Benson, 2003 UK Trade and Investment, US product liability law, Nov. 2003 2. Kubasek, Nancy K. ; Browne, Neil M. ; Giampetro-Meyer, Barkacs, Linda, Andrea; Herron, Dan; Dynamic Business law (January 4, 2008) McGraw-Hill ISBN 0073524913 / 9780073524917 3. Miller, C. J, Goldberg, R. S (September 30, 2004) Product liability, 2 edition Publisher: Oxford University Press, USA; ISBN-13: 978-0198256786 4. Restatement (second) of Torts products liability, 1977 5. Restatement (Third) of Torts products liability, 1999 6. Salmond, Heuston (1996) , Law of Torts, , p443 publisher: Sweet & Maxwell; 21Rev Ed edition (24 Oct 1996) ISBN-13: 978-0421533509

Thursday, August 29, 2019

Employment Relationship

Literature Review: Employment Relationship Introduction Literature review is the method of having some intensive secondary information related with some specific issues and problems. In the context of this fact, the literature review presented within the paper, has aimed to reveal some different dimensions of employee and employer relationship in different cultures. There is a significant impact of surrounding environment and culture over any practice undertaken by a business organization.In this context, the literature review presents some crucial views of different authors and scholars regarding different nature and issues related with employee-employer relationship in different cultures. Employment relationship in the context of different cultures In different cultures, the presentation of the employment relationship can be done in different manner. There are different important issues and aspects of this relationship which can be explained in different manner in the context of di fferent cultural problems.Explaining this fact further, Singh (2010) has presented the employment relationship at the work place in the Indian context. In the views of the author, in line to the Indian culture, the employment relationship in the Indian is also quite ethical and concerned towards the betterment of the society as a whole. Works ethics and honesty is considered as the prime aspects of the commitment of the employee towards his organization. In response to this, the organizational values are also quite humanistic and in the favor of the employees developments.The author has highlighted the concept of emotional intelligence for the purpose of describing Employment relationship in the context of Indian organizations. As per the authors, managements of business organizations operating with the Indian culture, put emphasis over developing emotional and personal competencies in the employee as it leads enhance the perceived efficiency of the employee at the work place. In th e support of this, Ratnam (1998) has also asserted the diversity of workforce is the major characteristic of the Indian organizational culture.As Indian is a vast country which conceives diversity at a vast level, it becomes quite necessary for the employer to maintain a positive relationship with culturally diversified employees so that intra-organizational issues can be minimized in the most effective manner. In regard to this, issues related with intra-organization conflicts are quite natural in the context of Indian business organizations. Along with this, Sparrow (2006) has raised one more employment related issues in the context of Indian business organizations.As per the author, lack of motivation provided to employees, large availability of work force, and bureaucratic organizational structure commonly preferred by Indian organization are some of the highlighting factors of Indian business environment. In Indian organizational culture, a strict hierarchy and flow of order is followed, which sometimes leads to weaken the employment relationship at the work place. These are some of the critical factors and aspects related with employment relationship in Indian context which is quite different with that in the Anglo-American context.Different employment issues have also been highlighted by Drory and Vigoda-Gadot (2010) in the context of Israeli business organizations. As per the research conducted by the author, Israeli business organizations follow Islamic philosophy for commencing their business operations. As per such philosophy, there must be some specific rules and regulations confined by Islamic laws for the purpose of regulating different inter-organizational process. All the employees are strictly bound to follow such rules and regulation.In the views of the author, proper implication of Islamic law and regulation brings uniformity in the business operations of different related business organizations operating within the same market. Along with t his, high degree of discipline, and acceptance of work ethics are some crucial points of employment relationship within Islamic business organization. In the special reference of Israeli organizational culture, the author has demonstrated the implication of employment relationship in terms of organizational politics.In this context, the author has indicated towards the decreasing socialist ideology of the society that directly affects organizational policies and culture. The author has reflected has that in recent period of time, a declining trend of collectivism in Israeli business environment has been sighted, which cast a negative impact over perception of workers and employees regarding trade union. Employees have started to prefer individualism while resolving any issue with management.Obeidat, Shannak, Masa'deh, Al-Jarrah (2012) have demonstrated the Arabian Culture and work ethics followed within this culture quite prominently. As per the author, Arabian culture is quite cons ervative from the perspective of work ethics. All the ethics related with duty of employees, and moral and professional responsibilities of an employer are confined with the help of laws and rules of Islam. As per the findings of the author, Islamic philosophy followed within the culture of Arabian business organization considers honesty and fair treatment as the most desirable work ethic.In addition to this, the culture also implies that it is a moral responsibility of the employer to fulfill all the essential and basic needs of its employee. In support of Islamic perspective regarding employment relationship, Ahmad and Yekta (2010) have also elaborated the phenomena of employment relationship. The authors have elaborated their findings in the context of Iranian Cement Industry. The authors have found out that as per Iranian culture, support provided to employee to gain skills and competencies should be the major organizational philosophy of the organization.The cement industry of the country usually follows the phenomena of collective leadership as their core organizational philosophy. In addition to this, work ethics are considered at high priority in Iranian organizational culture. The authors have stated that prime shortcoming of this culture of the organization is that there is a gap between individual worker or employee and management, which directly leads to create an intra-organizational issues within organizational culture. Searle et al (2011) has reflected the perspective of employment relationship in the context of European business organization.The author has depicted in his literature that procedure and ideology of European business organization is quite different with that of the rest of the world. For this purpose the author has conducted an intensive online survey with different participants from different countries of the Europe such as Netherlands, Belgium, France, and Switzerland. As per the findings of survey, high employee involvement and engagement has been emerged as one of the major key aspects of employment relationship considered by business organizations in the European region.As per this ideology, employees are considered as the integral part and asset of the organization. The organizational performance is directly linked up with performance of employees. In this context, employee involvement becomes quite essential for the long term success of the organization. Owing to this reason, the definition of employment relationship becomes quite close in the context of European culture. In relation to this, Bassanini, Breda, Caroli and Reberioux (2010) have presented their findings in the context of business environment of France.As per the findings of authors, organizational culture of France is quite different with other European country as French organizations prefer the family business concept. Unlike other developed county, in France, the overall emphasis over collective leadership within the organization is qu ite less. In the country, the approach of people regarding family business is quite positive. Owing to this, the disposition of employer-employee within the country is quite informal. However, still the work ethics are prominently considered by both, employer and employee while accomplishing any organizational process.In addition to this, concern regarding employee benefits and welfare is also quite high within French business organization. In direction to this, it can be considered that like Anglo-American approach, French and other European country’s organizational culture is also quite positive for employment relationship. In addition to this, Ribeiro-Soriano and Urbano (2010) have explored the significance of employee-organization relationship (EOR) in the context of small scale business organizations.As per the authors, in existing business environment in which, direction of leadership has been shifted from individual leadership to corporate entrepreneurship (CE), it has been quite necessary for the management of the business organization to maintain a positive and close relationship with the employee. In the views of the authors, due to the advent of corporate entrepreneurship (CE) in existing business environment, there is communication gap between employer and employee has been created which hampers the positive relationship between both such entities.For the long term sustainability and success of the organization it is quite essential for its management to maintain a close and positive communication and keep it policies quite aligned with employee welfare. Conclusion On the basis of the review of entire literature review, it can be concluded that employment relationship can be considered as relationship between employers and employees. There are different aspects of employment relationship such as work ethics, employer responsibilities towards employees, employee’s commitment, communication level and so on.In this context, the paper has investigated employment relationship in the context of different regions, i. e. , India, countries from Islamic countries, and European countries such as France. Different literatures have reflected that the span and disposition of the employment relationship is quite different in different regions. In different countries, due to different culture and business environment, the ideology of employment relationship differs from each other. Reference: Ahmad, Z. A. and Yekta, Z. A. 2010.Relationship between perceived organizational support, leadership behavior, and job satisfaction: An empirical study in Iran. Intangible Capital 6(2), pp. 162-184 Bassanini, A. , Breda, T. , Caroli, E. , and Reberioux, A. 2010. Working in family firms: less paid but more secure? Evidence from French matched employer-employee data. Drory, A. and Vigoda-Gadot, V. 2010. Organizational politics and human resource management: A typology and the Israeli experience. Human Resource Management Review 20, pp. 194à ¢â‚¬â€œ202. Obeidat, B. Y. Shannak, R. O. , Masa'deh, R. , Al-Jarrah, I. M. 2012. Toward Better Understanding for Arabian Culture: Implications Based on Hofstede's Cultural Model. European Journal of Social Sciences 28 (4), pp 512-522 Ratnam, V. C. S. 1998. Multinational companies in India. International Journal of Human Resource Management 9(4), pp 567-589. Ribeiro-Soriano, D, and Urbano, D. 2010. Employee-organization relationship in collective entrepreneurship: an overview. Journal of Organizational Change 23(4), pp 349-359. Searle, R. et al 2011.Trust in the Employer: the Role of High Involvement Work Practices and Procedural Justice In European Organization. International Journal of Human Resource Management 22(5), pp. 2-18. Singh, K. 2010. Developing human capital by linking emotional intelligence with personal competencies in Indian business organizations. International Journal of Business Science and Applied Management 5(2), pp 30-42. Sparrow, P. R. 2006. International manag ement: some key challenges for industrial and organizational psychology. International Review of Industrial and Organizational Psychology 21, pp. 189-266.

Wednesday, August 28, 2019

Pricing Strategy - LiveFace Assignment Example | Topics and Well Written Essays - 250 words

Pricing Strategy - LiveFace - Assignment Example Pricing policy is informed by factors such as corporate objective, market demand, government policies, costs, micro and industry barriers and reactions from competitors (Saxena, 2009). There are a number of pricing strategies used by firms around the world some which could be suitable options for Blue Team Focus Company. To start with, the differential pricing strategy is where a firm charges different prices on its product in different market segments mainly because of different social economic statuses of the target markets. This strategy could be an option for the Live Face product. Blue Team can also adopt the geographical pricing strategy which seeks to maximize on the economies of scale by charging lower prices on the product in some areas compared to those charged by competitors (Saxena, 2009). The company could also explore the penetration strategy where it introduces the product with a lower price and increases it gradually based on demand of the product and market

Tuesday, August 27, 2019

Should the UK government return to a policy of full state financing of Essay

Should the UK government return to a policy of full state financing of student - Essay Example In recent years, education, specifically higher education, stood as one of the most contentious topics of discussion in public policy forums and government policymaking in the UK. As witnessed, several academic changes have been instigated, others have remained pending, and in some quarters, significant reform packages have been put forward, on the drawing board ready for deliberations or are presently being deliberated upon. In the UK and in other countries of the world, higher education is confronted with three problems - universities are inadequately funded, escalating apprehensions about quality, the dearth of student support, proportion of students coming from underprivileged environments is deplorably insignificant and the financing of universities is in the state of collapse since money is sourced from general taxation, however, the beneficiaries are those coming from more affluent conditions (Barr, 2003, p.371). The plan to restructure higher education (HE) funding has caused so much controversy. Much of the wrangling has been centered on what the reforms will mean for those students coming from different family income backgrounds and the level of liabilities they will shoulder in their higher education experience. Likewise, apprehensions have been brought up on how the graduates will be affected by these debt repayments all through their working lives, as well as whether or not the funds raised will significantly improve the condition and circumstances of universities (Dearden, Fitzsimons & Goodman, 2004, p. 5) Brief Statistics At present, there are 168 higher education institutions in the UK, of which 90 are universities. In the years 2002-2003, enrollees reached up to 2.2 million in UK universities and colleges. In England, the participation rate for 18-30 year olds in higher education was 44%. In the same period, there were 184,700 international students studying in the UK, as well as 90,600 from the EU. Universities employ more than 300,000 staff; 1.8% of the total UK labour force. UK's higher education generates an annual 4 billion in foreign earnings and education and training exports are worth 10.2 billion. Public funding of higher education per student dropped by 37% between 1989 and 2002. During the same period student numbers grew by 94%. Source: Universities UK, Manifesto, General Election, 2005 A Quick Look at the Proposals January 27, 2004 saw the endorsement of the Higher Education Bill by the MPs which aimed to eradicate tuition fees for students and institute variable fees of up to 3,000/year from years 2006-07. In this plan, graduates will be allowed a sponsored Graduate Contribution Scheme or GCS loan equal to the value of their fees. Likewise, graduates from 2009 will put in 9% of earnings over and above 13,925 every year to pay off the loan. In line with inflation, the outstanding value of the loan will expectedly increase each year, with any amount left unsettled after twenty-five years being cancelled. Another scheme calls for students of underprivileged backgrounds to receive financial support of at least 300/year if full top-up fees will be charged by the institution. With the most recent proposals, students

Events, Hospitality and Tourism Dynamics Essay Example | Topics and Well Written Essays - 2500 words

Events, Hospitality and Tourism Dynamics - Essay Example There should always a stable political environment in order for a country to develop and move forward economically. In order to achieve political stability, each country should achieve ideas of political stability. Ideas of political stability can be achieved through certain mechanisms. Achieving such ideas requires a good understanding of the factors that may affect political stability in general. There are various factors that are important considerations in achieving political stability. First, the entire society needs to be freed from any tendency of destabilization including political divisions, ethnicities, corruption, sectarian conflicts and major political disagreements. These factors cause lack of political stability; and yet political stability is necessary in organizing and hosting major events such as the Olympics and FIFA World Cup (Liubov 2010). This essays suggests that ideas in order to host events such as Olympics and FIFA World Cup, it is important to consider certain factors that help in achieving the ideas of political stability. The major factors that are important considerations in achieving ideas of political stability include: constitutionalism, respect for rights and freedom of people, democratic political system with free and fair elections, employment and improved living standards of people, transparency and accountability, food security, diplomatic relations with other countries, and good governance (Bhagwati 2002). Every politically stable society begins with a democratic political environment (Sawchuk et al 2013). Democracy involves governing through people by allowing the people or citizens to participate in forming the government. This is usually done through the elections. In democratic political system, citizens participate either directly or indirectly in the political system through elected representatives. The people in a democratic society may also be involved in

Monday, August 26, 2019

Men and women, Yin & Yang Essay Example | Topics and Well Written Essays - 500 words

Men and women, Yin & Yang - Essay Example When a person meets his Mr. or Ms. Perfect, the pull is irrefutable and incomprehensible despite all differences in behavior and personalities. They are attracted to each other even when they are living far apart. This attraction has always been there in all ages. The girl is yin, and the guy is yang. Yin attract yang with her feminine traits, and yang attracts yin with his masculine traits. Yin is emotional, while yang is indifferent. However, both yin and yang harmonize each other quite perfectly, balancing each other’s negative traits with their positive ones. The yang characteristics of men help them in reasoning and making logical decisions. Their way of approaching problems and solutions is based on intellect rather than emotion. They accomplish their mission with ingenuity and wisdom. They use their absolute willpower and persistent determination to achieve their goals. They are blessed with such resolute power with which they can lead independent lives. They are patient, understanding, and authoritative in nature. They consider themselves as that positive light which can bring the world out of darkness. Hence, they are also dominant in their personal relationships. In contrast, the yin characteristics of women include receptiveness, shyness, and responsibility. Women are more inclined toward emotional logic and sixth sense. They perceive problems with their inner eyes, and spend ample time in making choices that prove to be fruitful in the long run. They give importance to love over practicality. They are more compassionate than their yang counterparts, and believe in poignant aspects of relationships. To them, love is the most cherished possession, and they will do everything to sustain it. They are born with self-sacrificing nature, and are inclined to prefer others to themselves. Extremities in yin and yang characteristics disturb the balance that is required to maintain harmony between the two genders. When a man is too yang, he

Sunday, August 25, 2019

Introduction to film studies Essay Example | Topics and Well Written Essays - 1000 words - 1

Introduction to film studies - Essay Example uelle Seinger is about a book dealer whose primary aim is to make money and who is hired by a wealthy book collector to track down a particular book called ‘The Ninth Gate’. The book dealer is also supposed to authenticate the book. Only one of the three copies of this book exists in the world and the wealthy collector is very keen on getting hold of this book, as he believes that this book will be able to conquer evil. The opening sequence of the film is very arresting and the focus shall be on that particular sequence while analyzing the mise en scene. The director begins the film by taking a wide shot of an old man shown sitting in a room and writing a note at his desk. Then the camera slowly moves towards a small chair focussing on it for about thirty seconds before panning straight to the top of the ceiling where a rope is shown hanging from a chandelier. While the camera is zooming on this sequence, the background music and the sound of a clock ticking away build up the suspense and makes the audience is filled with an ominous feeling that something terrible is going to happen. The director then skilfully cuts the camera from the rope on the chandelier to a medium shot of the old man where it stays on him showing him stopping his writing and then folding the sheet of paper. The atmosphere of suspense is reaching a crescendo as the camera again suddenly cuts from this shot to follow the old man’s legs while he is walking towards the chair. Because of the skilful placement of the camera and shot angles, the audience has already got an inkling of what’s going to happen but the music and the camera shots keep the suspense building till it reaches the man climbing onto the chair, putting his head through the rope and tightening it and then quickly pushing away the chair. As the chair falls down on the second try, the audien ce can see the man’s feet trembling and the sound of the broken neck along with the background score heightens the drama in the

Saturday, August 24, 2019

The Cause of Violence Essay Example | Topics and Well Written Essays - 750 words

The Cause of Violence - Essay Example Their reasoning has been influenced to the extent that they will carry out the unthinkable. Extensive researches and surveys may not always be consistent, but a basic factor contributing to violence has been evident for a long time - family issues. Simply being an eyewitness to family violence has a great effect upon a youngster. Derek and Danny Vinyard (American History X) witnessed the murder of their father by a black man. Nevertheless, although they may not have realized, they were being conditioned to believe that 'what happened to their father was an act of racism by the black man'. Moreover, Derek had already been influenced by his father's cynical views on African American culture. When they became grown-up, Derek and Danny lead a life of a "vengeance-seeking white supremacist" (Synopsis for American History X, www.imdb.com). Parents' own behavior has an enormous consequence on a young child's mind. Hally's (Master Harold and the Boys) father is a drunkard and a tyrant. He grew up having resentment for his father. On one incident, Hally unleashed "years of anger and pain on his two black friends; creating possibly-permanent rifts in his relationship with them" (Master Harold and the Boys, www.en.wikipedia.org). Careful students of the appalling increase of violence in our dangerous times list many contributing factors: the media emphasis on violent events, crime and corruption; the way world leaders shamelessly resort to violence to stay in power; the sense of utter frustration with injustices that never seem to be resolved, leading some to feel that bullets will accomplish what ballots cannot; the callous way inwhich millions of the unborn are violently wrenched from existence by abortion; the way religious leaders uphold "just" wars and yet do not uphold moral principles in the face of lowering standards. The world soon gets desensitized, inured to violence. And there are other reasons. The permissiveness of supposed progressive thinking in our time has altered customs and moral standards, removing the restraints that once served to check attitudes and actions that can lead to violence. The sad effect is seen especially in the young. It is not an exaggeration, therefore, to say that what a person reads or sees has an effect on his attitudes. Sexual abuses and perversions also breed violence by destroying all sense of decency. No matter what is the cause of violence is, the question remains: Does this mean that mankind is doomed to an endless cycle of vicious and escalating violence Happily, our knowing that what now exists is a temporary situation, soon to end, and that there is a way out, can give us strength to endure. Many of Jehovah's Witnesses testify to this. You, too, can 'escape all these things that are destined to occur.' About these same woes for this time of the end, Jesus said: "As these things start to occur, raise yourselves erect and lift your heads up, because your deliverance is getting near." So, take courage! Jesus will shortly deliver mankind from all oppression and violence.-Luke 21:28,36; Psalm 72:1, 2, 12,14. Works Cited Page Watchtower Bible and Tract Society. "Why So Many Violent Crimes Now" Awake! 08 July 2003: 5 - 9. The Internet Movie Database. 28 May 2008. IMDb.com, Inc. 28 October 2008 [http://www.imdb.com/title/tt0120586/synopsis]. Wikipedia the Free

Friday, August 23, 2019

Human Resource Development Essay Example | Topics and Well Written Essays - 5500 words

Human Resource Development - Essay Example The following discussion presents a detailed account of how firms shape and re-invent their HRD policies in conformity with their business requirements and what processes are the most crucial for survival in an environment where a competitive advantage is the only way to survive in the market. The paper also contextualizes the various learning and developmental activities that international firms take up in the attempt to brace with the changing business climates and the paper provides a brief outline of the HRD processes implemented by two international organizations in their various international business units. Strategic steps for human resource development are among the most crucial decisions that organizations take as these decisions usually are the critical factors which determine not only the effectiveness, but also the efficiency of the organization and its workforce in the long run. The initiatives that are taken for developing systematic HRD plans pay out for organizations because they bring together the development of employee‘s competence , the development of a shared vision of the business and the various business strategies employed so that they are aligned together to provide maximum benefit to both the employees and the employer. For a business operating in more than one country, the dilemmas regarding HRD and HRM strategies are numerous and varying in their degree of influence on the organizational success, however, since organizational effectiveness is a key component which drives the need to have any such strategy to begin with, these dilemmas pose a serious question for all such organizations. This paper has tried to evaluate the major forces which drive organizations to bring about a change in their management philosophies and how these changed perspectives affect the Human resource development policies of these firms. This paper aims to evaluate the impact of management ideals and strategic decision making on the

Thursday, August 22, 2019

Resilient Rowers of the 1936 Olympics Essay Example for Free

Resilient Rowers of the 1936 Olympics Essay â€Å"In an age when Americans enjoy dozens of cable sports channels, when professional athletes often command salaries in the tens of millions of dollarsit’s hard to fully appreciate how important the rising prominence of the University of Washington’s crew was to the people of Seattle in 1935† (Brown 173). As seen by this quote, America is a much different place than what it was in the 1930s. The times have changed significantly. In today’s day and age we have it all too good. The world we live in is one of leisure and not nearly as much hard work as there used to be. Back in the early 20th century the people had it pretty rough and dealt with many frightening problems of their generation such as World Wars and the Great Depression. The non†fiction novel, Boys in the Boat by Daniel Brown, takes place in this turbulent time period of US history that started around the 1930s. The book is the story of how the University of Washington’s crew won the 1935 Berlin Olympics. The main character, Joe Rantz, and his team start off as an inexperienced freshman crew at the university and worked their way to the top amongst many obstacles. The story is one of great heroism and persistence that takes place during the heart of the US’s struggles. The lives of the great Olympic athletes were affected by this time period in several ways. The Great Depression greatly amplified the athlete’s drive to succeed as well as their great sense of patriotism, and the less complicated technology of the time allowed them to invest wholeheartedly in the handcrafted vessel in which they rowed. The book begins in 1933 in Seattle on a gloomy day. It was the fourth year of the Great Depression and at this point it seemed like it would last forever. â€Å"Nobody could say when, or if, the hard times would ever end† (Brown 9). The time period brought on a bleak, depressing, and failing society. Howard Zinn, in his article called Self†Help in Hard Times, provided a great illustration of what the time was like for people of the US through the quote, â€Å"After the crash, the economy was stunned, barely moving. Over five thousand banks closed and huge numbers of businesses, unable to get money, closed too. Those that continued laid off employees and cut the wages of those who remained, again and again. Industrial production fell by 50 percent, and by 1933 perhaps 15 millionwere out of work† (Zinn). This description by Howard Zinn really  paints a picture of the turmoil that was occurring in the US during the depression. The depression caused people to be afraid of the future because of all the uncertainty that came with it. This was especially true for Joe Rantz. Joe came from an extremely poor family and had been hit hard by the depression. He knew that if he wanted to rise above the depression and the sad life he lived, he would have to make the cut for the University of Washington crew team. Joe knew all too well that â€Å"failing at this rowing business would mean, at best, returning to a small, bleak town on the Olympic Peninsula with nothing ahead of him but the prospect of living alone in a cold, empty, half†built house† (Brown 13). It was this that motivated Joe and it was this that pushed him to succeed. The Great Depression sparked the fear of an uncertain future into Joe, which is demonstrated by Brown in the quote,†Whether you were a banker or a baker, a homemaker or homeless, it was with you night and day†Ã¢â‚¬ Ã¢â‚¬ a terrible, unrelenting uncertainty about the future, a feeling that the ground could drop out from under you for good at any moment,† (Brown 9). This fear affected his life tremendously and is ultimately what caused Joe’s drive to win an Olympic gold medal. As well as serving as a motivator for the crew team, the Great Depression also sparked much patriotism into the lives of not only the rowers, but the whole nation. Coming off of WWI the US still had a strong sense of nationalism amongst its people. Once the depression hit and hard times came around, the people of the United States instead of losing their sense of nationalism, held on to it tighter and believed that America would recover back into the prospering nation it once was. For the crew team of the University of Washington, times were challenging however they were proud to be living in America because, as demonstrated by the following quote, they knew that other nations didn’t have the freedoms that they had: â€Å"In a few days, he would be sailing under her on his way to a place where as he understood it, liberty was not a given, where it seemed to be under some kind of assault. The realization that was settling on all the boys settled on Joe† (Brown 289). This place they were about to sail off to was Germany. Germany at the time didn’t have any of the freedoms that America did and was under the control of Hitler. The quote, â€Å"They were now representative of something much larger than themselves—a way of life, a shared set of values. Liberty was perhaps the most fundamental of those values. But the things that held them together—  trust in each other, mutual respect, humility, fair play, watching out for one another—those were also a part of what America meant to all of them†, (Brown 289) reveals the crew team’s feelings about their great American nation. It shows the true level of patriotism that the crew possessed and their deep understanding and respect for the values of America. These true feelings of patriotism were brought forth by the Great Depression and affected the lives of the Olympic athletes by motivating them even more to win the gold for their nation. Another effect that the time period had on the lives of the Olympic Athletes was caused by the lack of advanced technology in the row boat industry. The time period in which the story was based was during a time in which many things were still crafted by hand and not by machine. The handcraftsmanship of the era carried over into the rowing industry. George Pocock, an expert boat builder, designed and built the Husky Clipper, the winning Olympic boat. George Pocock’s expertise is illuminated by the quote, â€Å"A large part of Pocock’s genius as a boatbuilder was that he managed to excel both as a maker of machines and as an artist† (Brown 136). Due to his expertise, the boat became something more important than it seemed. The 9 crew members feel in love with the boat and really became a part of it. Joe began to develop a true connection to the boat when he heard George Pocock describe the wood in the following way: â€Å"The wood taught us about survival, about overcoming difficulty, about prevailing over adversity, but it also taught us something about the underlying reason for surviving in the first place. Something about infinite beauty, about underlying grace, about things larger than ourselves. About the reason we were all here† (Brown 214). The values taught to them through the craftsmanship of the boat aided them in victory and taught them to persevere and push through. Joe Rantz and his eight crew members worked relentlessly to achieve a gold medal at the 1935 Berlin Olympics. By all accounts this was a huge accomplishment because rowing is not only physically demanding but also mentally challenging as seen through the quote from the article entitled Me Time, â€Å"On the one hand they (rowers) must possess enormous self†confidence, strong egos, and titanic willpower. And yet, no other sport demands and rewards complete abandonment of the self† (Crosby). Many factors influenced their success including a strong desire to escape the desolate state of poverty brought on by the Great Depression, a heightened sense of  patriotism, and a great appreciation for their rowing vessel that was meticulously handcrafted. They achieved many successes and experienced failure as well, along the road to Olympic victory. However it was not until the last few hundred meters of the race that Joe felt truly at one with his teammates. Joe finally was able to trust his teammates, which is what he was searching for all along. The true prize of his journey, however, wasn’t really the gold olympic medal. It was the friendships he gained along the way. Works Cited Brown, Daniel. The Boys in the Boat: Nine Americans and Their Epic Quest for Gold at the 1936 Berlin Olympics. New York: Penguin, 2014. Print. Crosby, Josh. â€Å"Me Time.† Rowing Magazine Apr. 2014: 61. Web. Zinn, Howard. â€Å"Self ­Help in Hard Times.† In A People’s History of the United States, 377 ­406. New York : Harper Collins, 2003.

Wednesday, August 21, 2019

Little Red Riding Hood Essay Example for Free

Little Red Riding Hood Essay Little Red Riding Hood by Charles Perrault is a story every child learns that is about a young girl with a red riding hood who goes into the woods to deliver some food to her very ill grandmother and in her journey she encounters a wolf who in the end wants to trick her into believing he is her grandmother. However children only enjoy a simple fairy tale for the fact of being imaginary, as when we were children we never sensed a double meaning to this story. In Charles Perrault version of this popular tale he adds a moral to this tale which is â€Å"Children, especially attractive well bred, young ladies, should never talk to strangers, for if they should do so, they may well provide dinner for wolf. I say â€Å"wolf,† but there are various types of wolves. There are also those who are charming, quiet, polite, unassuming, complacent, and sweet, who pursue young women at home and in the streets. And unfortunately, it is these gentle wolves who are the most dangerous ones of all† (Perrault). With this moral at the end of the story we can realize how he is using a gender based opinion by how he is directly stating young girls as defenseless and only assuming girls to be a target. When he mentions children he states rapidly the term â€Å"young ladies†, not realizing also that young males are also a target for predators. This story provides an incentive of paranoia for a child with his words of describing a wolf terrorizes the idea of speaking to a stranger which makes it seem he is describing a male. Even if his intentions are to raise awareness on the dangers that are out there this purpose fails since he makes the mistake of not alerting the audience of both genders, only referring to a specific one. I refer to children because he relates them with young women, the similarity he sees between them is of defenseless, naive and vulnerable in every way. The male however represents a wolf and it is easy to figure out once you see how Charles Perrault refers to women being the weaker gender. Needless to say stories sometimes withhold more meaning than mere words; the context of each story is what holds the real purpose of the writer’s words. That is why in this version Little Red Riding Hood is portrayed as a helpless young girl in need of protection. This story is very symbolical because the author feels the need to depict how vulnerable red riding hood was when in his story he wrote â€Å"Little Red Riding Hood took off her clothes and got into bed† (Perrault). We can also realize how graphic the scene gets after this when they confront each other in the bed and finally he ends up eating her up. Notice how in the end the author lets the wolf have his way and neither the grandmother or red riding hood made it alive. The story had no happy ending like every traditional tale did. Just think how can we have freedom when we are confining ourselves and others to have stereotypes that don’t allow us to think freely since it narrows our mindset to one thing? We can’t. It affects our young society to live with these stereotypes that limit their potential; a girl could grow up thinking she should aspire to only be a housewife and not anything else. I personally have been affected by these stereotypes because they still exist to this day. Sometimes I feel like my presence doesn’t make as much as an impact as a man would in the business world. Not only did this not end happily ever after, the main characters died and left the readers with a negative thought. The main audiences for this story are children and the plot ends a bit too harsh, we could agree that this isn’t really child appropriate. If we want to keep the children of our society innocent and teach them in a much healthier way not to trust strangers this story is not the way to do so. It encourages the thought of stereotypes and could give the wrong idea to what children should consider dangerous. The author describes the wolf as what we could call a sociopath. It is not a child’s duty to know everything since they are children and that is why parents should care for them to look out for their wellbeing. Furthermore it is not healthy to create so much doubt in a child since this could result in anxieties that can develop in a child’s mind creating traumas. Comparing a wolf to a stranger is not the best way to teach a child to not trust strangers and in addition to this; strangers are not always the bad guys giving the fact that most child abuse happens among those who aren’t strangers. Let’s teach our children regardless of race to be alert of any signs that they should consider dangerous strangers or not. In addition women should be respected by not being compared to children since this belittles them as a person. Women and men are created equal so it isn’t right to underestimate either gender because this can affect the person’s outlook on life in the long run.

Tuesday, August 20, 2019

Impact Of Barriers To Entry On Market Strategy

Impact Of Barriers To Entry On Market Strategy Purpose The purpose of this paper is to review previous research and to propose a model for the impact of barriers to entry on the market strategy of an entrant firm, where product/market scope and product differentiation are central strategy components. The paper asks, what is the impact of barriers on market strategies of entrants? Are early and late entrants affected in different ways? Design/methodology/approach A model and propositions are developed-based on a review of previous research. The model applies the contingency perspective and company cases exemplify the model. Findings It is proposed that a firm that enters a market late and faces extensive barriers would choose a broader product/market scope and differentiate its products to a larger extent than an early entrant. It is also proposed that incumbents market strategies indirectly affect the market strategy of an entrant firm as incumbents market strategies interact with barriers, and the effects are due to entry timing. Research limitations/implications The study contributes theoretically as it extends current knowledge of the impact of barriers to entry on strategy. Management of entrant firms are advised to strive for a fit between barriers and market strategy and consider the propositions. Originality/value The model and the propositions concern barrier effects on two key components of the nmrket strategy of an entrant firm: product/market scope and product differentiation. Another important value is that the model accounts for interactions between incumbent strategies and harriers to entry, and effects on the market strategy of an entrant firm. Keywords Market entry, Marketing strategy, Competitors Paper type Literature review Introduction Barriers to entry have been a popular field of research since the seminal work of Bain (1956). Barriers are obstacles preventing entrant firms from being established in a particular market (Porter, 1980). However, despite the practical and theoretical importance of the matter, we still have only limited understanding of the impact of barriers on the market strategy of an entrant firm. A deeper empirical exploration of the issue calls for a reliable model that clarifies expected relationships. An empirical example is the comprehensive work that takes place within the European Union in order to create unified rules for international competition and reduce the impact of barriers originating from government regulations. Industries such as telecommunications are subject to these unification processes (Pehrsson, 2001). A general aim is to encourage the establishment of both domestic competitors and competitors stemming from other countries (Karlsson, 1998). But what is the expected impact of barriers on market strategies of entrants? Are early and late entrants affected in different ways? In theoretical terms, we need further knowledge of a relation between conditions external to the firm and the firm strategy, and, therefore, application of the contingency perspective (Hambrick, 1983; Peteraf and Reed, 2007) is appropriate. The central view is that a fit between external conditions and firm strategy provides a basis for competitive advantage and high performance (Miller, 1996). According to the review by Peteraf and Reed (2007), an earlier central criticism of contingency theory was that contingency research was reductionist (Meyer et aL, 1993), and empirical models did not account for the impact of interactions among central elements. However, recent studies on internal alignment focus on interaction effects among firm attributes and impact on firm performance (Kauffman, 1993; Levinthal, 1997). Yet, we still have very limited knowledge of interactions among external conditions and the impact on firm strategy. This paper applies the contingency perspective and focuses on the impact of barriers to entry on the market strategy of early and late entrants. The purpose is to review previous research and to propose a model for the impact of barriers on strategy where product/market scope and product differentiation are central strategy components. The resulting model addresses external firm conditions and proposes direct effects of exogenous and endogenous barriers and indirect effects of incumbents market strategies. These constitute the frame for barriers that originate from incumbents behavior, and incumbent strategies assumingly interact with barriers to entry. Although, for example, the performance impact of barriers to entry has been widely investigated (Marsh, 1998), only a few studies have focused on the impact on the market strategy of entrant firms. Robinson and McI)ougall (2001) studied entrants and found that the negative performance effects of three barriers (scale effects, capital need, and product differentiation) were particularly important when the product/market scope was narrow. Further, Pehrsson (2001) observed that deregulation in the telecommunications industry caused adjustments of the product/market scope of market entrants. Finally, Han et a!. (2001) and Salavou et at. (2004) found that a need for capital stimulated the mnovativeness and product differentiation of entrants. We therefore need to continue to study the impact of barriers on the product/market scope and product differentiation of market entrants. More precisely, there is a lack of knowledge of direct and indirect barrier effects on entrants product/market scope and product differentiation. The fact that competitors may constitute a primary source of barriers has largely been neglected, and incumbents market strategies most probably indirectly affect the strategy of an entrant firm. Competitors are crucial here as they demonstrate certain market strategies and thereby create customer loyalties and other barriers (Porter, 1980). Also, the literature indicates that the effects are due to entry timing Karakaya and Stahl, 1989), and the effects on the strategy of an early entrant may not be the same as those for a late entrant. The paper is organized in this way: In Section 2, I review previous research on barriers to entry and the strategy impact of barriers; in Section 3, I present the model and propositions about relationships in the model; Section 4 presents illustrative company cases; conclusions and implications follow in Section 5. Literature review This section of the paper first presents important exogenous and endogenous barriers to entry that have been observed by scholars. The section then reviews previous studies on the impact of barriers on product/market scope and product differentiation, and the impact on entry timing. Important barriers to entry A barrier to entry can be categorized as either exogenous or endogenous (Shepherd, 1979). Exogenous barriers are those that are embedded in the underlying market conditions and, in principle, firms are not able to control exogenous barriers. On the contrary, endogenous barriers are created by the established firms through their market strategies and their competitive behavior and are thus based on incumbents reactions to new entrants efforts to become established. However, Gable ci a!. (1995) observed that frequently the barrier types are mutually reinforcing, and they may be difficult to interpret. Table I lists important barriers to entry that have been observed in the literature, with studies cited by author and publication date. As regards the exogenous barriers, incumbents cost advantages are considered important by several authors (Gable et al., 1995; Han et al., 2001). This barrier means that incumbents may possess absolute or variable cost advantages, forcing the entrant firm to achieve scale effects and low costs. Incumbents product differentiation (Pehrsson, 2004; Schlegelmilch and Ambos, 2004) is another important barrier as it creates loyalties and relations among buyers and established sellers, and accompanying obstacles for the entrant trying to access customers Gohansson and Elg, 2002). Furthermore, the extensive need for capital in order to be firmly established in a market is an important exogeneous barrier emphasized by many authors (flarrigan, 1981; Siegfried and Evans, 1994), and the importance is also valid for customers switching costs (Gruca and Sudharshan, 1995; Karakaya and Stahl, 1989). This barrier is due to the costs that any potential customer faces trying to switch from one supplier to another. For example, costs may be allocated to employee retraining or changes in product design. Available distribution channels might not be anticipated by the entrant firm, or they may be controlled by competitors, creating customer access obstacles (Han el al., 2001; Pehrsson, 2004). Other barriers may include incumbents brand loyalty Q Endogenous barriers are created by the competitive behavior of incumbent firms in accordance with their market strategies. Important endogenous barriers may originate from excess capacity. This is generally accompanied by increased advertising or promotional activity (Demsetz, 1982; Gable el aL, 1995) or pre-emptive pricing resulting in price competition (Guiltinnan and Gundlach, 1996; Simon, 2005). T A B L E It is thus appropriate to view endogenous barriers as established firms reaction to new entrants (Karakaya and Stahl, 1989; Yip, 1982). In fact, incumbents may deter the entry of new comers simply by creating expectations of fear for the incumbents post-entry reaction (Karakaya and Stahl, 1989). However, Gable et a!. (1995) found that exogenous and endogenous barriers are mutually reinforcing. They studied entry barriers in retailing and found that incumbents frequently increased advertising and sales promotion when reacting to market entrants. These measures enhanced the degree of product and service differentiation attributed to the incumbent, while the measures also provided a method for an existing retailer to increase the costs of entry to a potential competitor. The observed endogenous barriers of increased advertising and sales promotion thus reinforce the exogenous barriers of capital need and product differentiation. Further, a number of studies (Karakaya, 2002; Karakaya and Kerin, 2007; Karakaya and Stahl, 1989; Siegfried and Evans, 1994) have explored the relative importance of individual barriers. Karakaya (2002) examined the importance of 25 potential barriers to entry in industrial markets. The majority of the executives in the survey considered the most important barriers to be incumbents cost advantages and the need for capital to enter markets. The impact of barriers on strategy Researchers have studied the impact of barriers to entry on two strategy components, namely product/market scope (Bonardi, 1999; Delmas and Tokat, 2005; Haveman, 1993; Pehrsson, 2001, 2007; Robinson and McDougall, 2001), and product differentiation (Delmas ci at, 2007; Russo, 2001; Schlegelmilch and Ambos, 2004) including innovativeness (Han ci at, 2001; Salavou ci at, 2004). Table TI summarizes key findings of the studies of strategies of market entrants and incumbents. As regards product/market scope, Pehrsson (2007) studied perceptions of expansion barriers in 191 subsidiaries of incumbent Swedish manufacturing firms in Germany, the United States and the UK. I-Ic found that the impact of balTiers was due to the breadth of the product/market scope of the firms. Hence, obstacles to access customers affect performance in a negative way if the firm has a narrow product/market scope. One reason why the obstacles are not significant if the scope is broad may be that different customer types and delivered products in this context are associated with more degrees of freedom in choosing customers. Problems in accessing a certain customer type may thus be balanced against limited problems regarding other types. Robinson and McDougall (2001) established a similar pattern. They studied the moderating effect of product/market breadth on the relationship between entry barriers and performance of 115 new ventures. Three barriers were closely studied: economies of scale, capital need, and product differentiation, It was found that the negative effect of capital need on return Ofl sales was smaller for ventures pursuing a broad scope. Further, the negative effects of all barriers were smaller for broad-scope ventures as regards shareholder wealth. Government policy changes manifested by, for example, deregulation or other institutional changes stimulate adjustments of the product/market scope of incumbents (Bonardi, 1999; Delmas and Tokat, 2005; Haveman, 1993; Pehrsson, 2001). Haveman (1993) showed that many firms in the savings and loans industry had expanded into new areas as a result of deregulation. Further, Pehrsson (2001) found that choices of customers made by both incumbents and entrant firms followed deregulations in the British and Swedish telecommunications industries. As regards the product differentiation component of market strategy, Han el al. (2001) and Salavou et al. (2004) found that market entrants innovativeness reduced the impact of capital need. A finns innovativeness reflects its way of pursuing product differentiation relative to competitors (Kustin, 2004). The literature also addresses changes in barriers to entry due to deregulation and their effects on rncuinbents differentiation Dehnas el aL, 2007; Russo, 2001; Schlegelmilch and Ambos, 2004). Delmas et a!. (2007) observed a variety of differentiation efforts in response to deregulation in the US electric utility industry, while Schlegelmilch and Ambos (2004) studied strategic options in such industries. In particular, Russo (2001) found that technology differentiation was a common effect of deregulation in the utility industry. Delmas et a!. (2007) advocate that, in fact, differentiation is common in industries that is subject to deregulation. The impact of barriers on entry timing Makadok (998) and Pehrsson (2004) underscore that the entry timing advantages of first- and early-movers seem to be resistant to erosion by the entry of additional competitors in a market. Once a new competitor has entered the market, it is difficult to match the performance of the incumbents due to extensive customer loyalties established previously. For the entrant firm this creates severe obstacles to customer access. Karakaya and Stahl (1989) studied the effects of barriers on the timing of market entry of 49 firms delivering industrial goods and consumer goods. The researchers particularly found that switching costs of potential customers is perceived as more important for late entry than early entry in both industrial goods and consumer goods markets. This finding supports the notion that late market entrants will face extensive obstacles to access customers due to previous loyalties between sellers and buyers. A model of the impact of entry barriers on strategy The model presented in this section proposes relationships between barriers to entry, incumbents market strategies and the market strategy of an entrant firm (Figure 1). The model applies the contingency perspective Hambrick, 1983; Peteraf and Reed, 2007) and proposes that an entrant firms market strategy is contingent on the external conditions of barriers to entry (P12 in Figure 1). It is also assumed that competitors constitute a main source of barriers; therefore, the model proposes indirect effects and interactions between incumbents market strategies and barriers (P3). Further, entry timing is important; the propositions suggest that strategies of early and late entrants differ. This section first defines the key concepts of the model and continues with motivations and presentations of the propositions. The concepts in the model The term barriers to entry stems from industrial organization literature and refers to obstacles that firms have to face when they try to establish themselves in a market (Porter, 1.980). Advantages of incumbent firms established earlier correspond to the extent to which the incumbents can raise their prices above a theoretical equilibrium without attracting other firms to enter the market (Bain, 1956). Barriers are exogenous or endogenous and are mutually reinforcing (see the literature review above). Entrant firms and incumbents demonstrate certain market strategies. Miller (1987) found that the dominant content components of strategy were product/market scope, product innovation, differentiation, and cost control. Product/market scope corresponds to the breadth of business activities and is manifested by the breadth of the range of product types and customer types. As product innovation is a way of differentiating the product in relation to competing products, I include innovation in product differentiation (Kustin, 2004). Further, as cost control is an ingredient of price, and customers are generally more concerned with prices than firm costs, prices are frequently subject to differentiation (Porter, 1980). rrherefore product differentiation in the model also includes pricing. However, product differentiation does not only refer to the physical product core. Usunier (1993) suggests that services linked to products such as after-sales services are central to differentiation, and Pehrsson (2006) further emphasizes flexibility attributes. Th attributes combine with other attributes in order to meet individual customer needs, and include, for example, solutions to customer problems and distribution features. Differentiating products in relation to products of competitors may thus give the firm competitive advantages. In essence, Porter (1980) convincingly argues that differentiation is a way of creating layers of insulation against competitive warfare and increases the odds of achieving high financial performance. Direct effects of barriers to entry Pehrsson (2007) and Robinson and McI)ougall (2001) found that the effects of barriers were less severe if the product/market scope of a market entrant was broad. Based on the findings, the researchers argue that product/market breadth of market entrants generally moderates the relationship between entry barriers and performance. Theoretically, a market entrant that has to face extensive barriers to entry would prefer a broad product/market scope. In that way, the entrant may be able to exploit the degrees of freedom that accompany the broad scope, and balance obstacles in accessing a certain customer type against obstacles relating to other types. However, research has shown that late market entrants tend to be exposed to more comprehensive barriers than early entrants (Makadok, 1998; Pehrsson, 2004). In particular, customer loyalties and customers switching costs (Karakaya and Stahl, 1989) constitute key competitive advantages of early entrants. A late market entrant would, therefore, theoretically have to face more severe obstacles in trying to access customers than would an early entrant: P1. A firm that enters a market late and has to face extensive barriers will chxse a broader product/market scope than an early entrant. In accordance with the results of Han el at (2001) and Salavou el at. (2004), market entrants frequently use product innovations to overcome market entry barriers. As innovativeness manifests product differentiation, it is logical to propose that a market entrant may use product differentiation in order to respond to barriers, and that comprehensive differentiation efforts follow extensive barriers. As a late entrant is theoretically exposed to more extensive barriers than an early entrant, this leads to the second proposition: P2. A firm that enters a market late and has to face extensive barriers will differentiate its products to a larger extent than an early entrant. Indirect effects of barriers to entry P1 and P2 do not pay attention to indirect effects, crucial interactions among barriers to entry and other important conditions external to the entrant firm. However, we can expect that barriers interact with incumbents market strategies. This expectation relies on the necessity of observing competitors as they pursue certain market strategies, and are able to create customer loyalties and other barriers (Porter, 1980). If we pay attention to incumbents, a strategy that promotes the development of brand loyalty, for example, focuses on a factor that create barriers (Krouse, 1984). Further, entry timing advantages of first- and early-movers (Makadok, 1998; Pehrsson, 2004) generally stem from the firms opportunities to penetrate potential customers, start to differentiate products, and develop customer relationships. If successful, the customer relationships and accompanying loyalties become effective barriers to competition. Theoretic-ally, late entrants therefore have difficulty matching the performance of the early entrants. We may therefore propose that the interaction affects early and late entrants in different ways: P3. Incumbents market strategies indirectly affect the market strategy of an entrant firm as incumbents market strategies interact with barriers to entry. The effects are different for early and late entrants. Illustrative cases Deregulation and unification of rules pertaining to firms operating telecommunications networks caused operators to reconsider their market strategies in Europe (Pehrsson, 2001). Unlike many other European countries, Sweden has never legalized a monopoly for the establishment of telecommunications networks or for the offering of services. However, Televerket (the Swedish public telecommunications administration) historically had a monopoly-like hold on many sectors of the market. This organization was converted in 1993 into a company group with a parent fIrm, Telia. As there are no regulations protecting Swedish interests or restricting foreign operators from establishing themselves in the country, many firms have entered the market. Any firm with a desire to enter the market will have to face the barrier of capital need in terms of the arrangement of infrastructure. For example, Tele2 entered the market early and addressed this need for capital by cooperating with the Swedish State Rail Administration. The background for Kinneviks establishment of Tele2 is that Kinnevik had gained experience from mobile telephony in the USA (NetCom Systems, 1994). Parallel with these activities, preparations began within traditional telecommunications for voice and data in the 1980s. A gateway for data traffic was opened in 1986, and in 1989 an agreement was concluded with the Swedish State Rail Administration for joint investments in a fiber optic network. Tele2 was formed in 1987 with the intention to offer stationary telephony primarily to households based on low prices. When the deregulation of the telecommunications market accelerated in 1993, Tele2 was able to act fast and reached second place after the incumbent, Telia. I)otcom l)ata Telecommunications entered the Swedish market late and had to face the extensive barriers caused by the dominance of the incumbent and early entrants. By the end of the 1990s, Dotcom was the only operator in the Swedish market with telecommunications operations that were not part of the original corporate core business Dotcom Data Telecommunications, 1995). The product/market scope was dominated by local data networks and included also stationary telephony, leased lines, office exchanges, extensive communications systems, support systems and so on. Middle-sized companies, large companies, and public administrations were the main target groups. In sum, the case of Dotcom Data Telecommunications illustrates P1. The firm was exposed to extensive barriers due to the firms late market entry and chose a broad product/market scope. In that way, the firm was able to exploit the degrees of freedom that accompanied the broad scope, and balance obstacles in accessing a certain customer type against obstacles regarding other types. Further, Dotcom Data Telecommunications tried to avoid price competition and, instead, strived for long-term customer relationships. As there were six phases of the delivery chain (analysis of needs, systems design, installation, education, service, and financing) there were many options to conduct product differentiation. A comparison with the limited low-price differentiation of Tele2 illustrates P2. However, in accordance with P3, both entrants had to face the barriers caused by the incumbents cTelias) strategy of keeping its market dominance and loyal customers. Conclusions and implications Despite the limitation that there may be more important external conditions beyond incumbents market strategies that interact with barriers to entry, we are now able to conclude the a firm that enters a market late and has to face extensive barriers probably would chxse a broader product/market scope and differentiate its products to a larger extent than an earlier entrant. Also, it is proposed that incumbents market strategies indirectly affect the market strategy of an entrant firm as incumbents market strategies interact with barriers, where the effects are due to entry timing. In sum, the model extends our knowledge as it accounts for the direct impact of barriers to entry on product/market scope and product differentiation, and specifies central conditions external to the entrant firm. Also, the model accounts for entry timing effects. In accordance with the contingency perspective management of entrant firms would be advised to strive for a fit between barriers to entry and market strategy and thereby bear in mind the proposals put forward in this paper. Of importance are not only direct effects of barriers on product/market scope and product differentiation, but also the way incumbent strategies interact with balTiers. It would also be advisable for each firm to evaluate the relative importance of barriers and acknowledge that a late entry is generally accompanied by more extensive barriers than an early entry. Further, as exogenous barriers and endogenous barriers are often mutually reinforcing, attention needs to be paid to combined effects. Further empirical research should be conducted in terms of applying the model developed in this paper. A suggestion for future research is to explore how management perceives barriers to entry, and how this perception contributes to the emergence and sustainability of competitive advantage. Also, it would be interesting to explore managerial knowledge of barriers in early and late phases of market entry.

Independent Man :: essays papers

Independent Man1 Growing up in a dysfunctional family is a hard thing for a child to endure. As a child my classmates and I lived average lives. On occasion I would hear stories, from friends at school, how "dysfunctional" their families were. It was not until my sophomore year of high school that I had a friend that was from a dysfunctional family. Through my best friend I learned that growing up in a dysfunctional family builds a child’s personality in numerous positive ways. I saw, in James Smith, that being raised in a dysfunctional family made him an independent man. James was born and raised in Houston, Texas. At a young age James’ parents divorced. Due to the divorce James has two younger half brothers. One from each biological parent and their second spouse. The older of the two brothers is 16 and serving time in a state correctional facility for boys because of burglary charges. The younger of the two is about 9 years old and lives with James’ estranged ex-stepmother. James’ biological father is very ill with the HIV virus and James is unsure of his health or where he currently lives. James worries if his father is well or even still alive. His mother and stepfather, whom he lived with until he was 12, are currently trying to kick their heroine addiction. Throughout the 20 years of James’ life he has lived with multiple family members and a friend, which is I. He currently, has a two-bedroom apartment, in a very exclusive area of Houston, with a co-worker. James has been working at Compaq Computer Corp. for almost a year. He works 40 to 48 hour weeks as a computer technician earning $14.50 due to his vast knowledge in the computer field. James is a very unique person. He is 5’5 and weights about 150 lbs. making him slightly stout. His jolly round face is set on his manila colored skin. While accompanied by hair, as brown as the wet sand on a beach, cut in a military style. However when it gets long it curls and resembles a shaggy dog. The whites of his mocha brown eyes have a blue tint to them as a result of James having Osteoporosis. A past leg injury has left him with a slight stagger when he jogs or runs. When he walks he always seems to keep his hand right at his sides.

Monday, August 19, 2019

Detective Fiction & Sir Arthur Conan Doyle Essay -- Literary Analysis

According to the English crime writer P.D. James (1920-) â€Å"for a book to be described as detective fiction there must be a central mystery and one that by the end of the book is solved satisfactorily and logically, not by good luck or intuition, but by intelligent deduction from clues honestly if deceptively presented.† (James. 2009: 16). This is traditionally conducted via a detective; a figure deployed within the narrative structure ‘whose occupation is to investigate crimes’ (Oxford. 2006: 202). Therefore detective fiction represents an enigma, a puzzle to be solved through an intriguing series of events and clues presented by the writer to its audience; that are taken on a journey through a process of reasoning, elimination and conclusion to solve a mystery. The narrative formula allows the audience to engage on an exploration of self-discovery as â€Å"the mystery’s solution supplies a temporary sense of self through which the reader is offer ed an apparatus for negotiating the boundaries that define identity.† (McCracken. 1998: 50). Detective fiction can be defined and situated into various different categories; â€Å"one is taxonomic†¦placing it in relation to other types of popular literature†¦Westerns, science fiction, spy tales and so on. John G. Cawelti’s (Adventure) has grouped these types into larger categories called ‘archetypes’ which are convenient for making an initial distinction between two major kinds of detective fiction, ‘Mystery’ and ‘Adventure.’ (Rzepka. 2005: 9). This raises the question of how detective fiction appeals to past and present audience’s and its position as part of a mass market publication in contemporary society. In order to answer this question it is important to briefly summarise the rise o... ...e for Policing and Crime. (2012) History of the Metropolitan Police. [On-line] Available from: http://www.met.police.uk/history/definition.htm. [Accessed 21st April 2012] Penguin Readers, (2008) A Scandal in Bohemia. [On-line] Available from: http://www.penguinreaders.com/pdf/downloads/pr/teachers-notes/9781405879347.pdf. [Accessed 21st April 2012] Project Gutenberg. (2011) Detective Fiction (Bookshelf). [On-line] Available from: http://www.gutenberg.org/wiki/Detective_Fiction_(Bookshelf). [Accessed 20th April 2012] Sir Arthur Conan Doyle Literary Estate. (2000) The Official Website of the Sir Arthur Conan Doyle Literary Estate. [On-line] Available from: http://www.sherlockholmesonline.org/. [Accessed 20th April 2012] The Sherlock Holmes Company, (2010). [On-line] Available from: http://www.sherlockholmes.com/. [Accessed 21st April 2012]

Sunday, August 18, 2019

Low Carbohydrate Diets Essay -- Science Research Weight Diet Essays

Low Carbohydrate Diets What is a carbohydrate? A carbohydrate is a member of a large class of natural organic substances. Carbohydrates are in almost everything we eat, sometimes in very small amounts but often times in substantial quantities. Some examples of common carbohydrates are sugars, starch and cellulose. Carbohydrates are important because they provide a storage of energy in our bodies that is quickly accessible. In fact, carbohydrates make up the major source of dietary energy for people all over the world (Stephen 1995). In addition, carbohydrate intake increases levels of a substance called tryptophan in the body, which releases serotonin in the brain. Whether this phenomenon affects our hunger and eating habits is still unclear (Fairburn 1993). Carbohydrates are in almost everything we eat, like sugars, starches and cellulose. What you will find on the web about low-carb diets... Almost all of the information that you'll find on the world wide web about the subject of low-carb diets is basically the same. There are thousands of documents, so rather than reading each one of them just look at this brief summary of the information that is out there. Following the web summary is a literature summary of the information contained in published professional and scientific journals about the topic of low-carb diets. What is a low-carb diet? What is the purpose of a low-carb diet? Low-carbohydrate diets are essentially very simple. The idea is that by restricting daily carbohydrate intake, cravings for carbohydrates will eventually subside, resulting in a lower amount of food consumption and weight loss. Low-carb diets are meant to be used as general weight loss plans, especially for people who a... ..., 1995. Peterson, C.M., and L. Jovanic-Peterson. "Randomized crossover study of 40% vs. 55% carbohydrate weight loss strategies in women" Journal of the American College of Nutrition. 14(4):369-75, Aug, 1995. Racette, S., et all. "Effects of aerobic exercise and dietary carbohydrate on energy expenditure and body composition during weight reduction in obese women". American Journal of Clinical Nutrition. 61(3):486-94, March 1995. Stephen, A.M., G.Seiber, Y.Gerster, and D.Morgan. "Intake of carbohydrate and its components-- international comparisons, trends over time, and effects of changing to low-fat diets". American Journal of Clinical Nutrition. 62(4):851S-867S, Oct. 1995. Wing, R.R., J.Vazquez and C.Ryan. "Cognitive effects of ketogenic weight reducing diets" International Journal of Obesity & Related Metabolic Disorders. 19(11):811-6, Nov 1995.

Saturday, August 17, 2019

Draft Letter Going to War in Vietnam Essay

It was a very hot and humid day. I will never forget that awful day. I just had gotten home from work; the traffic that day was horrible. The mail was in top of my dining room table, and there it was on top of all the mail, the only thing o saw on the envelope was draft and I was the addressee. My reaction was â€Å"Oh My God†, my heart was pounding very heart it felt like it was about to jump out of my chest, my ears were burning. All I could think was that we are told that we are helping people and fighting for our freedom. Instead innocent people are being killed; I have lost most of my freedom. What options do I have, leave the country, or hide for the rest of your life. Or go to war not only means serving your country, but helping people along the way. What were my advantages or disadvantages? None of those options were good, at that point I was in shock, and I just could not believe that this was happening to me, till this day I do not remember ever opening that letter. The advantage I saw was, if I went to war the money I will be getting. With that money I could help my family, have a better future, and it can help me open a lot of doors. The disadvantage is that I can get killed, injured, my family would be devastated, but at the same time they would feel proud. To some, including me the Vietnam War was a crime, an attempt by the United States to suppress a heroic Vietnamese national liberation movement that had driven French colonialism out of its country. To others, the Vietnam War was a forfeit, a just war needlessly lost by timid policymakers and a biased media. For many including myself, the Vietnam War was a tragic mistake brought about by U.S. leaders who exaggerated the influence of communism and underestimated the power of nationalism. Another advantage would be that I would come back as a hero, either alive or in a box. I will still be considered a hero, that is, if I live in a community that is very patriotic. But in my case I do not live in a community like that. The disadvantage would be that my community would not even know that I have gone to war. All I could think was that the draft discriminated against the poor, the less educated and ethnic minorities. Many of us were drafted into the Army against our will nearly all of us are kept in its grasp against our will all in order to carry out this illegal, immoral, and unjust war. We are forced to fight and die in a war we did not create and in which we don’t believe. There are advantages and disadvantages in every war that can either be minute details or change the whole course of war. I would go to war even knowing that I may get killed, injured. Morally is the right thing to do. As a citizen we have a duty to this country whether or not we believe in the cause of war. Initially, people going to Vietnam bought the domino theory. They willingly went because they were defending freedom and democracy and the American way, those who were sent to Vietnam knew that they did not have the support of the American people, knew that they were there in support of a failed policy, and knew that they were not defending freedom or democracy, but were pawns in an ongoing political struggle. My conclusion after writing this is that never think for a moment that you are the only one side that is suffering you might be physically safe from the effects of war. But war is an insidious enemy and all the more damaging when it is implications reach you, others through a dead and suffering.

Friday, August 16, 2019

Draft MOU with Diponegoro university Essay

ThisMemorandumof Understanding(MoU) recordstheintentionofDiponegoro University, in particular its Business School, (hereinafter referred to as â€Å"DU†) and the Institute of Management Technology (hereinafter referred to as â€Å"IMT†) to work together to establish one or more agreements for international. academic collaboration. It is made as a non binding gesture of goodwill between the two institutions. Period of Agreement ThisMoUshallbecomeeffectiveonthedateoffinalsigningandwillberenewableevery 5 years upon the mutual consent of both parties. This MoU may be revised or cancelled  by mutual written consent by the signatories or their designated representatives. Other matters not covered by this Memorandum shall be decided by mutual agreement and may be subject to the conclusion of formal written contracts between us. The parties shall review the operation of this Memorandum on an annual basis. Purpose and Areas of Potential Collaboration DU and IMT share an aspiration to: 1. Promote the exchange of qualified graduate students, enrolled on their respective postgraduate degree programs, who will be admitted according to the entry regulations of the host institution; 2. Promote the exchange of faculty for joint teaching and research; 3. Promote collaborative research in areas of mutual interest with a view to publishing by joint authorship; 4. Organize joint International conferences/seminars, symposia and workshops; 5. Develop any other programs mutually agreed upon during the period of this MOU. The development of a collaborative relationship between the parties is subject to: A. The approval of the relevant authorities of both DU and IMT and will be subject to norms & procedures of academic standards of both the partner Institutions. B.  Obtaining all necessary or advisable governmental, regulatory or other relevant approvals, consents or licenses. The parties agree to the following for the period of this agreement, subject to specific agreement at any particular time: Student Exchange: 1. The parties shall exchange a maximum of 5 graduate students per year, with parity to be achieved over the period of this MoU. If parity is not achieved, the parties agree not to request financial or other compensation; 1. Exchanges shall be arranged for a maximum of two semesters/terms. The period ofstudy maybe followedby aninternship,thearrangementsforwhich shallbe  agreedbythepartiesinadvanceofthecommencementoftheexchangeto comply with any visa regulations; 2. Students participating in the program will be accepted as non-award candidatesbythehostinstitution,providedthattheyfulfilltheadmission requirements of the host institution. Since instruction in both the institutions will be conducted in English, students selected for exchange must satisfy- the minimum language requirements normally required by the host institution for exchange students; 3. The students shall be selected on the basis of an excellent academic background, excellent command of the subject-specific language required for  their integration to the chosen curriculum; strongmotivationtostudyforthe academic program offered by the host institution; and the maturity to live and study in a foreign environment. 4. Students will be nominated and recommended in writing by an official representativeoftheirhomeschool/institution. Followingthereceiptofthe applicationmaterial,thehostschool/institutionwillprovidethenecessary assistance and documentation to satisfy visa requirements and other formalities, such as health insurance; 5. The parties will assist exchange students to find suitable accommodation and insurance. Accommodation and mess facilities will be provided at IMT; 6. The selected exchange students of DU and IMT shall pay their current tuition feestotheirrespectivehomeschool I institution i. e. DU or IMT, prior . to participation in the program, at the dates normally specified by their respective home school I institution for the payment of such fees; 7. The parties will agree in advance the credits that exchange students will be required to take. Non-award course work may not be used at a later time to fulfill requirements for a degree program, and students may not change academic  objectives; 8. All expenses including air fare, local travel, health insurance, accommodation, food etc. will be borne by the student. Faculty Exchange, Research and ConferencesÃ'Ž 1. The parties shall exchange an agreed number of faculty members and specialists basedontheavailabilityofopeningsandthenumberofqualifiedfaculty members interested in participating in the program; 2. Exchange faculty will remain employees of their home institution for the purposes of terms and conditions of employment; 3. The home institution shall cover international travel expenses while the host  institution shall, on the basis of reciprocity, cover local transportation, accommodation and hospitality for exchange of faculty. Otherdetails,including the financial arrangements, will be agreed on a case to case basis; 4. No later than ninety (90) days before the start of each academic year both partieswillpresentalistofnominatedfacultymembersalongwiththeir credentials to each other for participation in the program for the upcoming academic year- 2011-12 5. The parties agree to organize joint international conference/seminars, symposia andworkshops; commission joint research projects and exchangeof publications. Governance and leadership The Director of IMT-Nagpur, Dr. Rajendra Nargundkar and the Professor-Faculty of Economics- Dr. Waridin of Diponegoro University, Indonesia or their designees will provide the senior leadership within their respective organizations to move the venture forward. Exchange of information Each party will exchange information with the other with a view to understanding whether it would be effective and practical for the institutions to work together. Confidentiality ThisMemorandumandanyinformationprovidedinconnectionwithitmaynotbe disclosedtoanythirdpartyotherthan(a)theparties’professionaladvisers;(b)as required by law or a relevant regulatory authority; (c) with the prior written consent of the other party; or (d) where the information has come into the public domain through no fault of the party wishing to disclose it. Intellectual Property Unlessagreedotherwiseinwriting,anyIntellectualPropertyrightsbelongingtothe parties,whetherinexistenceatthedateofthisMemorandumorcreatedduringthe course of it, shall belong to the respective parties. Publicity 1. The parties will not include the name or logo of the other party in any advertising or publicity material without the prior approval of the other party on a case-to- case basis. 2. Neither party will do anything which in the reasonable opinion of the other, would damage the other’s reputation and/or business. Disputes 1. The parties shall attempt to resolve in good faith any dispute arising between them out of the operation of this Memorandum. If the dispute cannot be resolved informally, it shall be referred to the Head of the Business School of DU and the Director of IMT- Nagpur Dr. Rajendra Nargundkar. 2. This Memorandum shall be governed by and construed in accordance with the laws in India/Indonesia. 3. Any dispute arising out of the operation of this Memorandum shall be finally  settled by arbitration under the Rules of Arbitration and Conciliation of the International Chamber ofCommerce by two ormore arbitratorsappointed under those rules. The place of arbitration shall be New Delhi and the dispute resolution proceedings shall be in English. This MOU is signed by the parties on this 17th day of September 2010 at Nagpur (India) and the parties have affixed their Seals. ForINSTITUTEOF MANAGEMENT TECHNOLOGY- NAGPUR. (Dr. Rajendra Nargundkar) Director. SEAL For DIPONEGORO UNIVERSITY, SEMARANG-50241, INDONESIA. (Dr. Waridin) Professor- Faculty of Economics.