The Organizational Study of Levi Strauss Essay Example

The Organizational Study of Levi Strauss Paper Abstract This paper analyzes the organizational structure and design of the world’s largest brand-name apparel marketers, Levi Strauss Company. The concepts of hierarchy, change management, and employee involvement applications will be discussed, along with the organization’s environment and competitive strategies. The premise of this paper is the accomplishment of this organizational mode Levi Strauss for change and the ultimate success of the company’s transformation. Levi Strauss and Company was founded in 1853 and since has become a household name in the trouser industry. They are the world’s largest producer of brand-name clothing and the second largest maker of jeans in the United States. Levi Strauss started the tradition of being an apparel innovator and today, the company still upholds the commitment to offering products that are right for every generation. Levi Strauss mission statement is to seek to reflect the voices of the communities where they have a business presence and make a difference by addressing tough social issues and empowering people to solve their own problems and those of their communities The values of Levi Strauss and Company are the foundation of the company. We will write a custom essay sample on The Organizational Study of Levi Strauss specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Organizational Study of Levi Strauss specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Organizational Study of Levi Strauss specifically for you FOR ONLY $16.38 $13.9/page Hire Writer It is what defines them and sets them apart from the competition, sets the vision for the future, the business strategies and the decisions that are made. The four core values are empathy, originality, integrity, and courage. When they talk of empathy, they are walking in other people’s shoes. Their success comes from listening to what consumers want and meeting their needs of the consumers, retail customers, shareholders and employees. The company’s long-standing traditions of community involvement and employee volunteerism continue today which contribute to their commercial success. Authenticity and innovation is what makes Levi’s an original. The jeans have been worn by generations who incorporated them into their own sense of style. The ethical conduct and social responsibility illustrates the integrity that the company holds for always doing the right thing. The commercial success maintains the company’s beliefs and behaviors which motivates customers trust and loyalty. And lastly, the company has the courage to always stands up for what they believe in, whether it is challenging accepted practices or conventional perception. Their ultimate goal for Levi Strauss is making the company more competitive by implementing a number of business turnaround strategies and by changing the process of how they develop, deliver, and market the products. The organization markets their products under the leading brand names such as Levi’s, Dockers, and Signature. These are the most widely recognized brands in the apparel industry. The company’s organizational level analysis begins with their strategy. The corporate citizenship states a strong belief in the company which can shape society through civic engagement and community involvement, responsible labor and workplace practices, charity, ethical conduct, and environmental awareness. The four core values of the company’s mission statement of empathy, originality, integrity and courage sum up the long-term purpose of the company’s goal Levi Strauss for successful strategy and transformation. Levi Strauss developed and implemented a sourcing program in 1991 that incorporates value in working with stakeholders for improvement of working conditions in factories that produce their products, and a Levi Strauss in the communities where these are located at. They were able to gather valuable information and maximize positive effects by working with other companies and key stakeholders, such as non-governmental organizations, local governments and trade unions. Other memberships and working groups that this organization is a part of are The Business for Social Responsibility, American Apparel and Footwear Association, and The U. S. Council for International Business. Information technology assisted the organization by obtaining a sharper customer focus and helping management make better decisions. Levi Strauss was able to acquire detailed knowledge and understanding of their customer base, which in turn, provided products which brought back interest in the Levi’s brand. With the Information Technology revolution, Levi’s Jeans even designed a jean with a docking station in the pocket to place one’s IPOD. Last year, they a Levi Strauss produced a mobile phone with a range of denim cases to choose from. The ideas of merging fashion and technology came from customer feedback and satisfaction. The Levi Strauss and Company Technology Center has eighty employees and is responsible for the research and development, design, engineering and manufacture of specialized sewing equipment for Levi Strauss plants. In 1999, they purchased MK Manufacturing Software which managed centralized purchasing operations for the United States and Canada factories and to support the manufacturing and inventory of the machines used to make Levi Jeans. In the company’s ransformation and structural change, they have managed to modify the entire process of how they develop, deliver and market their products by making their products more innovative and appealing to customers. They expanded the licensing programs so they can offer more product ranges; and they a Levi Strauss improved the economics of brands for the customers. Lastly, they improved the operational efficiency by implementing new business planning and performance mode Levi Strauss that clarifies roles, responsibilities and accountabilities. The end result was steady sales and profitability for the company. The main focus of the company’s human resource management is conducting activities designed to fit cultural differences and career development of employees. The employees must attend classes that teach the company’s objectives, values and ethics, and a Levi Strauss how to understand the lifestyle and background of people. The company a Levi Strauss expresses concern for the employee’s work and family life by helping them balance their responsibilities. The company’s corporate culture purpose is ethical conduct and a strong commitment to social responsibility. The company developed an Aspiration Statement which specified their commitment to communication and ethical management practices. Those that followed and abided by it received recognition and empowerment. They value the diversity of employee’s backgrounds, experience and knowledge, and welcome the ethnic, cultural, and lifestyles of the communities where the employees live and work. Levi Strauss installed self managed teams which increase performance, improve the quality of the products, and promote originality level Levi Strauss. The organizational system refers to the members in making team decisions, which in turn, increase effectiveness, sense of responsibility and ownership of the work. T. Gary Roger is the Chairman of the Board. John Anderson is the President and CEO. And Hans Ploos van Amstel is the Chief Financial Officer. The organization knows they still have work to be done in order to stay on top and continue to be the most worn line of clothing in the world. Their value-driven competitiveness and major transformations has definitely set the standard in becoming a successful company. The biggest challenge and uncertainty is the massive change in the world, and what customers want. Customers are becoming more demanding and suppliers are abundant. The company is in the process of remaking Levi’s for the 21st century. They set targets for the new design and implementation. They are researching what the organization should look like and what the customers expect. By listening carefully to not only the consumers, by the employees themselves, the work and concepts will be built to everyone’s satisfaction. Levi Strauss: Product Life Cycle Levi Strauss has gone discount. We see this change in distributors such as Wal-mart, Kmart and JCPenny. This is indication that Levi is in the decline stage of the product life cycle. At this point there is a downturn in the market. For example more innovative products are introduced or consumer tastes have changed. There is intense price-cutting and many more products are withdrawn from the market. Profits can be improved by reducing marketing spend and cost cutting. Efficient Vs. Learning Levi Strauss has a Horizontal structure. This dominant structure consists of the following: ? Shared tasks, empowerment ? Relaxed hierarchy, few rules Horizontal, face-to-face communication ? Many teams and task forces ? Decentralized decision making This type of structure as we will further discuss is functional with cross functional team integers is decentralized but lacks stability, efficiency, control and reliability. Intervention Strategy: Levi Strauss Company Change of an organization structure and ability to adapt occurs when three elements are in place simultaneously: (1) dissatisfaction with the present situation, (2) a compelling vision of how the change will create a better future; (3) first steps for reaching the vision. If any of these elements is missing or collectively they are less powerful than the resistance to the change, then change will not take place. Thus the first part of an intervention focuses on creating a common database and the foundation for the dissatisfaction. Following that, the intervention moves to creating a future that is far more desirable than that which caused the dissatisfaction. It ends with participants developing and implementing steps that are necessary for moving the organization and themselves forward. We chose to focus on a large group intervention process facilitated by outside consultant OD practitioners. Reason for this is to dismantle the group think and develop strategic ideas that would be innovative and effective. Desired Outcomes: ?Prepare, Practice and Participant in the change process ? Gain a better understanding of the business, customers, what we sell, and whose needs the products meets ? Levi Strauss vision are effectively communicated ?Renew individual Levi Strauss and organization spirit Begin thinking globally, internally and externally The goal of this intervention is to elicit feedback and input from all members of the organization, develop an effective annual plan based on the proposed long range plan. It should be designed to accommodate full and part-time members and administers to a one-day event which should include over 95 percent participation. This would allow all members to engage in whole system conversations since many employees come from different parts of the system. Implementation of change management activities Perhaps the primary means to directly implement change is for the leaders to forcefully create a sense of urgency. Many organization fail at change management because of lack of communication, failure to define objectives, project management problems, technical issue and inexperience in scope and complexity. Levi has emphasized quality, being socially responsible, and hiring the most talented people the firm can recruit. The value of each individual, the effective leadership of work groups and the success of enterprise has been the emphasis at Levi Strauss since founded. However like any other organizations, Levi has had its problems. Being slow to adopt to new fashion trends, Levi is struggling with generation gap problem. In 2003, Levi closed it last U. S plant and decided to focus on manufacturing outside because of the cheaper cost of labor (www. levistrauss. com). Levi has attempted to attract 14-17 year olds without turning off older people and as Levi plotted along fashion shifts occurred and passed Levi. As result many young people will not wear Levi and many hardly know about the brand at all. These are problems that create uncertainty in the organization leading management to rethinks it position and develop new strategy to remain competitive. We decided to have an effective change management strategy Levi could implement an Open Space intervention. Open space is a large-group process that helps participants focus energy on issues or opportunities of interest, and collectively design appropriate courses of action. Although it works with as few as 8 participants, Open Space is considered a large-group intervention because it works equally well with hundreds of participants. This simple, but very powerful framework creates the right conditions for Levi Strauss management team and provides a dynamic process of discussion and cooperation. Every single participant who contributes with his knowledge and experience influences the end result. Because participants in an Open Space Conference all participate actively, and talk to others regardless of function or background, creates a high level of employee involvement, commitment among participants and much networking across boundaries, usually resulting in a much deeper understanding of the issues as stake well as new ideas about the way forward. Levi Strauss Competitive Strategy-Using Michael Porter’s Five Forces A competitive assessment consists of an analysis using Porter’s Five Forces of Competition. The Five Forces of competition shape every industry and every market. The Five Forces Model is based on microeconomics, and is an extension of the SWOT analysis. This model is an important tool for analyzing organizations’ industry structure and strategy. Michael E. Porter identified five competitive forces that determine the intensity of competition and the attractiveness of any industry. Porter’s model is based on the insight that a corporate strategy should meet the opportunities and threats in an organizations external environment. The model accounts for supply and demand, complementary products and substitutes, volume and cost production, and market structure. We will analyze the industry using Porter’s model. The five forces of competition are illustrated below: Threat of New Entrants Competitive Rivalry Between Existing Players Bargaining Power of Customers Threat of Substitutes Bargaining Power of Suppliers The collective strength of these five forces determines the ability of a firm to gain market share in the apparel industry. Once an analysis has been conducted, managers can search for options to influence these forces in the interest of the organization. In the apparel industry, an organizations’ main objective is to reduce competitive forces. In detail, the five forces are illustrated in the following paragraphs (www. valuebasedmanagement. net). New Entrants Porters indicates new entrants pose a threat due to increases level capacity afforded. For example, suppliers could drive prices down and cut into profits. We have noticed this with Levi’s joint ventures with Wal-mart and JcPenny. More importantly the chance of new comers entering to market depends upon two variables, the barriers to entry and probability. The barriers for apparel industry includes economies of scale, product differentiation, capital requirements, switching costs, accessibility of distribution channels and competing firms which includes learning curves and location. Rivalry The intensity of rivalry among existing competitors depends upon the level of saturation within the industry. For example, for one organization to gain market share they must take it from a competitors, the level of rivalry that exist is high, often resulting in retaliation and price wars. Rivalry may stem from a variety of source which has numerous and equally balanced competitors, slow industry growth, high fixed or storage costs and overproduction and high exit barriers. Bargaining Power of the Customer Historically, the bargaining power of apparel retailers went unchallenged. Fortunately, globalization of the free world and the increased availability of foreign products have increased the bargaining power of the customer. In the appeal industry, consumer markets and foreign competition forces prices down. Thus, the bargaining power of consumer market determines how much pressure it can impose on margins and volumes. Customers a Levi Strauss possess a credible backward integration threat resulting in the purchase from a rival/foreign company. However, due to worldwide economic strain it’s becoming more difficult for Levi to maintain its selling power and to remain economically diverse overall, customers do not have much buying power, as they never purchase in large volume. Here are some ways Levi Strauss can reduce the bargaining power of customers: ? Partnering ?Supply chain management ?Increase loyalty ?Increase incentives and value ?Move purchase decision away from price Threat of Substitutes The treat substitute of competition occurs if multiple products are found to perform the same function. Levi must recognize the customer is no longer bound to one product or rely of customer loyalty. They must consider price, availability and quality to avoid loss of market share. Bargaining Power of Suppliers Materials, production, operation cost and capital are necessary for any production process. For example, suppliers comprise all sources for inputs that are needed in order to provide goods or services. Levi Strauss buyer/supplier relationship is crucial to attain growth in the apparel/retail market. Normally, the strength of a supplier affects an industry’s profitability, and they can exert a major influence on a firm’s goods and services. However, the suppliers bargaining power in the apparel industry is very low. The apparel retail supply business is quite fragmented. Many suppliers relies one or two distributors to buy a majority of their products. If decided to switch suppliers, it would be devastating to the previous supplier’s business. As a result, suppliers are extremely susceptible to the demands and requirements of the apparel manufacture. SWOT Analysis This was a SWOT provided for Levis Strauss acquired off the web and was most useful. Levi Strauss as the conclusion we thought SWOT was the best way to conclude with the Competitive assessment of Levi Strauss Company. The analysis will present Levi Strauss’s strengths, weaknesses, opportunities and threats. Strength Strong Brand Image Good Distribution Market Leader in Western Europe Good market position and partnership Efficient human resource management Weaknesses Quality Retail sales network is too big and inefficient Niche demand Multi-brand strategy and full range market presence is cost-intensive Opportunities Better acceptance of Levi Strauss Brand The strong market position in China is a guarantee for prosperous future Partnership with Mal-mart Threats Lower Priced Asian apparel The stock price evaluations, unattractiveness of the old economy Decline Stage of life cycle Competitive Strategy Critique First, environmental uncertainty means that managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes. (Environment here refers to more than the physical environment, such as pollution or hurricanes. It a Levi Strauss involves the economic, sociocultural, technological, legal phenomenon that affects the operation of the business (www. soi. org). Companies have to make an effort to adapt to the rapid changes in the environment. The environment creates uncertainty for managers, who must respond by designing the organization to respond to adapt to the environment. Managers use several strategies to counter environmental uncertainty. They may use boundary spanners to link and coordinate the organization with key elements in the environment. Boundary spanners detect and process information about changes in the environment, and then they represent the organizations interest to the environment. They help to synchronize the activities of the organization to therapid changes in the environment. Some of their roles include scanning the technological horizon to detect any changes, sourcing information on competitors and getting feedback from suppliers and customers. Another strategy is the use of interorganizational partnerships where separate businesses make a collaborative approach to riding the wave of changes that stem from environmental uncertainty. Instead of going in all out competition, businesses now form alliances, sharing information through networks to ensure that they all have more information about the environment than if they had collected info on their own we see this with Levi’s positioning in Wal-Mart stores. Structural Form of Levi Strauss Company Levis Strauss led the way of flatter hierarchies, cultural diversity, empowerment, quality and globalization. Levis chosen structural form of nonhierarchical organizations have many advantages over their competitives that use conventional methods. For example, experience and expertise are often shared; creativity and new ideas are fostered, tested and discussed. These organizations are more cohesive and collaborate; empowerment is a key feature; and it can be highly supportive of multiple stakeholders in global environments. However, the chosen structure is more likely to have higher Group think’. Groupthink is a type of thought exhibited by group members who try to minimize conflict and reach consensus without critically testing, analyzing, and evaluating ideas. During groupthink, members of the group avoid promoting viewpoints outside the comfort zone of consensus thinking or the herd mentality can prevail; implementing decisions can be difficult since flatter organizations serve multiple constituencies and stakeholders; and many flatter organizations are team-based organizations, often geographically dispersed and electronically networked. Levi Strauss: Diagnosing the organization’s culture Culture is perhaps the most important characteristics in an organization. The first step in cultural analysis is describing the culture of the organization. Levi Strauss Company is often describing as being parentalistics. The framework is considered Clan culture, for example the figure below provides the framework matrix of four type’s cultures of which we based our analogy. Flexibility and Discretion ClanAdhocrachy Internal Focus and IntegrationExternal Focus and Differentiation HierarchyMarket Stability and Control The Hierarchy Culture key values center on maintaining efficient, reliable, fast, smooth-flowing production, for example many fast food organization fall within the section. The Market Culture core values are competitiveness and productivity. We see Market Cultures generally in manufacturing companies such as general electric. The Adhocracy Culture is temporary characterized by a dynamic, entrepreneurial and creative workplace. For example military, NASA would be considered part of this section. Levi Strauss currently has a Clan Culture. The Clan Culture is like an extended family where shared values and goals, cohesion, participation, individuality, and a sense of togetherness exist within the Levi Strauss organization. The primary strategic implication of a culture should be a source of competitive advantage to the organization (www. coachingandmentoring. com). Critique: Levi Strauss Organization Environment Adaption The rapidity and volume of changes have resulted in less lead time for management to analyze changes in their organizations external environment and to formulate appropriate strategies. In addition, the risks and uncertainty involved in implementing a particular strategy or set of strategies have intensified. In summary, the turbulence in the apparel industry from the change in customers taste and the circumstances that lead to external environment challenges has an effect on the decision makers and how they effectively anticipate changing conditions. Recommendations It is recommended that employees be made aware of the competitive position of the industry in relation to its competitors; competitive related information must be fed to all staff regularly. Management and employees need to be sensitive to customer needs, trends and what the competition is doing. This should create a sense of discomfort within the organization and make members of the organization aware that things always change and that there is always rivalry in the apparel industry competing for customers. Senior management need to reduce the levels of complacency by continually speaking of changes in the industry and that the absence of a visible crisis should not create comfort in the minds of employees. The leadership of Levi Strauss needs to inspire employees, acting with honesty and integrity. It is recommended that a planned and coordinated change management intervention be developed to focus on strategic change. Middle management needs to also be involved in these initiatives with trust existing between all levels of management, which is visibly noticed by all employees. It is strongly recommended that the organization formulate a vision for the change process during the planning phase. Employees need to understand what the business look and feel like after the change process. It is recommended that management formulate and communicate the master plan for the business. A specific vision and mission needs to be created and communicated. The gap between the current state and future state needs to be highlighted. It is recommended that any future communications relating to the alignment project include the vision for the change and the strategic significance. Communications should enhance the driving forces for change and reduce all retraining forces. Senior management needs to review their communications plan and strategies and need to measure the effectiveness. The communications plan needs to include the context of the change taking place. Future change interventions need to be honest, open and take into account the audience by being simple and straightforward. Communications need to be frequent and need to motivate more employees to participate in the process by creating enthusiasm. Reference: Cameron, K (2007) Diagnosing and Changing Organization Culture, Retrieved June 5, 2008, www. coachingandmentoring. com Lima Tony, (2006), Five Forces Model Porter, Retrieved June 2008, www. valuebasedmanagement. net/methods_porter_five_forces. html N. A, Levi Strauss Company Fact Sheet, Retrieved June 2, 2008, www. valuebasedmanagement. net/Downloads/CompanyFactSheet. pdf

The Dagenham Womens Strike of 1968

The Dagenham Women's Strike of 1968 Nearly 200 female workers walked out of the Ford Motor Co. plant in Dagenham, England, during the summer of 1968, protesting their unequal treatment. The Dagenham womens strike led to widespread attention and important equal pay legislation in the United Kingdom. Skilled Women The 187 Dagenham women were sewing machinists who made seat covers for the many cars produced by Ford. They protested being placed in the unions B grade of unskilled workers when men who did the same level of work were placed in the semi-skilled C grade. The women also received less pay than men, even men who were also in the B grade or who swept the factory floors. Eventually, the Dagenham womens strike stopped production entirely, since Ford was unable to sell cars without seats. This helped the women and the people watching them realize how important their jobs were. Union Support At first, the union did not support the women strikers. Divisive tactics had often been used by employers to keep male workers from supporting an increase in womens pay. The women of Dagenham said that union leaders did not think much about losing a mere 187 womens union dues out of thousands of workers. However, they remained steadfast and were joined by 195 more women from another Ford plant in England. The Results The Dagenham strike ended after Secretary of State for Employment Barbara Castle met with the women and took up their cause to get them back to work. The women were awarded a pay increase, but the re-grading issue was not resolved until after another strike years later, in 1984, when they were finally classified as skilled workers. Working women throughout the UK benefited from the Dagenham womens strike, which was a precursor to the UKs Equal Pay Act of 1970. The law makes it illegal to have separate pay scales for men and women based on their sex. The Movie The film Made in Dagenham, released in 2010, stars Sally Hawkins as the leader of the strike and features Miranda Richardson as Barbara Castle.

Controversial Health Information Management Issues Essay

Controversial Health Information Management Issues - Essay Example The HIPAA Privacy Rule makes sure those minimum standards for protecting the privacy of individually identifiable health information. This rule provides certain rights to individuals like the rights to access and amend their health information and to obtain a record of when and why their Protected Health Information (PHI) has been shared with others for certain purposes. Moreover The Privacy Rule sets certain conditions under which researchers can use the PHI when necessary to conduct research (What Are the Purpose and Background of the Privacy Rule?, 2007). The regulations with respect to the PHI is not made clear and even the hospital authorities don’t have enough idea about the PHI regulations. Thus they were forced to communicate the patient information or condition to the families of the hospitalized over the telephone even if the patient is critically ill. Many healthcare professionals lost their job because of the wrong interpretation of the HIPAA rules and many others forced to pay heavy amounts as penalties. Nurses who don’t have much idea about the HIPAA regulations are staying away from disclosing the personal details of their patients even when it is badly needed for somebody else who might be a close relative of the patient. Gross, (2010) has mentioned that HIPAA regulations place a large and expensive burden on companies who have access to private health data by adding to the workload of health care providers and others (Gross, 2010). As protection of privacy is taken as a serious matter in the HIPAA regulations, big companies and researchers were forced to take extreme care while using the private data. The HIPAA act thus raised many concerns and fear among medical practitioners in conducting research. The increased liability and unwanted expenses may force them to stay away from researches which will affect the healthcare system drastically. HIPAA also put some

Gender and Sexual Studies Essay Example | Topics and Well Written Essays - 1250 words

Gender and Sexual Studies - Essay Example Thirdly, racism and ethnic background are important aspects governing the professions (Kempadoo 10). Sex workers and domestic workers move from their native countries in search of better economic activity (Kempadoo and Mahdavi). In other words, sex work and domestic work are used to generate income that is aimed at the family’s welfare and survival (Kempadoo 4). Fourthly, some of the participants in the professions are victims of human trafficking and are often mistreated and beaten in carrying out their duties (Mahdavi 63). Fifthly, a considerable number of those who were interviewed detest their work and practice it as they lack a better option (Mahdavi 77). Finally, most of the participants are young women from countries with poor economic conditions resulting from globalization (Mahdavi 63). Misperceptions about These Careers. Most professions in the world have prevalent misconceptions which spread across the globe. The first misconception about domestic work and sex work is that people tend to think that all the partakers of the profession were forced, therefore conclude that all transnational workers were trafficked and recruited into the professions against their will (Mahdavi 62). Most certainly, there are those who are victims of this crime, but on the contrary there are those who willingly engage in these jobs. The second misperception views sex work and domestic work as an identity rather than sources of income. This notion has impeded the recognition of sex work and domestic work as labor thereby prevents probable protections that can strengthen labor laws relating to the professions. Last but not least, there is a worldwide misconception that ending trafficking is relying on the demand for sex. (Mahdavi 63). This is wrong since it assumes that trafficking is synonymous to sex work and domestic work (Mahdavi 63). Reasons for Heightened Vulnerability in this Profession. Consequentially, sex workers and domestic workers are prone to abuse from their employers, family members and other people in the environment. Some cases have been reported however, most of them are not reported to the relevant authorities. There are various reasons to resulting to this. On one, side, sex workers work in a male dominated world, and they are often mistreated and viewed as objects of pleasure (Mahdavi 63). Both professions lack legitimacy and recognition thus increasing vulnerability of the workers (Kempadoo 3). The society has tainted the profession and do not accord the much needed respect. These workers work in a poor working environment, face identity issues in society and suffer from human rights abuse (Mahdavi 3). These women migrate from their home countries in order to stay away from economic problems and opt to go through hardships so long as they can generate income (Mahdavi 76). Additionally, sex workers and domestic workers are prone to abuse since people tend to think they are in a desperate situation. Since they are in a despe rate situation, they have to accept all manner of abuse from the people they interact with. These two industries are marred by high levels of racism and ethnicity hence workers from some parts of the world are prone to discrimination (Mahdavi 81). There are no clear policies with regards to domestic work and sex work. As a result, the perpetrators will continue abusing sex and domestic work

Action plan Essay Example | Topics and Well Written Essays - 500 words

Action plan - Essay Example According to the text, the relative advantage of this type of technology solution is that â€Å"attention-getting displays, immediate feedback, and interaction combine to create motivating practice† (Roblyer, 2005, pg. 54). For Phase 1 of the checklist, the aim is to determine relative advantage. In addition to what was noted above regarding the relative advantage, the teacher has noted that she has difficulty teaching these basic math skills to her students as they become bored and their minds drift elsewhere. This is certainly a good area for technology-based software to help out. The relative advantage of this software choice justifies any effort and expense that may be involved in acquiring basic drill-and-practice mathematics software (Roblyer, 2005). For Phase 2 of the checklist, the goal is to decide on objectives and assessments. The teacher expects for her students to quickly be able to make basic multiplication and division calculations in their head quickly after the new technology has been implemented. The best way to assess student learning would be through two angles: the feedback that is provided instantly by the technology and through traditional paper tests that contain the same kinds of problems. No additional testing instruments will need to be developed in this case (Roblyer, 2005). For Phase 3 of the checklist, the goal is to design integration strategies. The instruction in this case will be single-subject. Students will work individually with the software, and activities should be directed. In order to encourage females and minority children to participate, they will be shown the benefits and interesting features of the game. The games should alternate between multiplication and division drills. Students will have plenty of time to learn the material via this method before it is graded, but the school will need to

Dissertation Exploring The Impacts Of Recession

Dissertation Exploring The Impacts Of Recession The purpose of this study is to explore the repercussions of recession on the British Stock Market particularly expounding its impact on Alternative Investment Market. The study aims to utilise qualitative approach to examine and constitute the relative repercussions of recession upon AIM. For this, an exhaustive literature review of the London Stock Exchange is essential to gain indicative factors relevant to account for the associated risks of recession to AIM. According to research on UK firms, uncertainty shocks typically reduce the responsiveness of firms by more than half, leaving monetary and fiscal policy-makers relatively powerless (Bloom et al, 2007). 1.1 LONDON STOCK EXCHANGE LSE is amongst the oldest stock exchanges in Europe and also the most promising out of the 22 active stock exchanges functioning in Great Britain. It was established in 1801 and has emerged as the largest stock exchanges of the world comprising of number of overseas as well as British companies (London Stock Exchange, 2005). The positioning of London city is beneficial as it let the London Stock Exchange to function during American and Asian sessions. Being a public company its shares are traded on stock exchanges and is considered to be the most international trading floor and about 50% of international transactions with shares are concluded on LSE (London Stock Exchange, 2005). The London Stock Exchange has four main quarters that include equity markets which facilitates companies from across the globe to raise capital (London Stock Exchange, 2005). There are the four primary markets that include: The Main Market, Alternative Investment Market (AIM), Professional Securities Market (PSM) and Specialist Fund Market (SFM). London Stock Exchange is a highly active market that provides range of trading services including trading in a range of securities as for example, UK and international equities, debt, covered warrants, exchange traded funds (ETFs), Exchange Traded Commodities (ETCs), REITs, fixed interest, contracts for difference (CFDs) and depositary receipts (London Stock Exchange, 2005). It provides market data information with clarity offering real-time prices, news and other financial information to the global financial community. EDX London, established in 2003serves as a major contributor to derivatives business in order to bring the cash equity and derivatives markets closer together the London Stock Exchange. 1.2 AIM: AN OVERVIEW London Stock Exchange reviewed the unlisted securities market in1993 during the middle of a recession and decided to close it. Quoted Companies Alliance now referred as CISCO was then born and which lead to the establishment of Alternative Investment Market in June 1995 by London Stock Exchange. With its noticeable endurance for several years; AIM has been a considerable success. Rapid growth has been observed in AIM market, commencing its operation in 1995, it has rose over  £24 billion and listed over 2,200 companies, including 276 foreign companies by January 2006 listing1,408 companies from 33 industrial sectors out of which 220 were from overseas countries. Instead of offering shares to the public AIMs 90% of flotations depends on placing the shares with institutions, venture capital trusts and private investors reinforced by European 191 Prospectus Directive (Thronton, 2009). In order to reduce the pool of capital available to buy new AIM shares, the European 191 Prospectus D irective requires that, a full prospectus must be issued in both conditions where; the company offers shares to more than 100 persons, other than qualified investors or if a private client broker proffer such shares to more than 100 of their clients (Thronton, 2009).. Based in the city of London, AIM benefits from competitive supply of leading financial services and decently offers direct access to outsized and sophisticated shareholders. AIM has the potential to provide with all the significant financial services as required by the firm for listing, floating, reporting, auditing, broking, public relations, security analysis, printing, legalities, registering shareholders, etc. Rising higher from a percentage of 35.2% in September 2003, the institutional investors owned 40.9% by value of the shares listed on AIM in September 2005(Growth Company Investor, 2005), that consequently accounts for a very substantial institutional contribution of AIM, in small-capitalization market. 1.2.1 MARKET SIZE The multitude of companies traded on AIM come from different parts of the world and signify huge number of industries. At present there are approximately 1500 companies from more than 26 countries that are quoted on the AIM (London Stock Exchange, 2005). There is one common trait shared by all traded companies on AIM and i.e. a dynamic corporate attitude and a strong ambition for business expansion. AIM welcomes companies of varying sizes to become part of even though it was primarily designed for smaller firms, but companies of varying sizes if possessing a desire for growth and profitability, are equally encouraged to join the Alternative Investment Market. 1.2.2 OPERATIONS The operations of AIM are controlled by the London Stock Exchange, having a tendency to work ideal for companies with a capitalization and valuation from $20 million to $300 million. The costs for filings and entry are approximately $600,000, with ongoing annual costs of around $100,000. The range of capital-raising activities tends to be in between $4 million to $40 million with approximately 9 percent average cost of capital. The percentage of retail investment is higher than on the official list and the investors are largely institutional. 1.2.3 KEY STATISTICS Table: 01 AIM 1,635 UK 1,331 International 304 AIM Market Capitalisation  £94.4 Billion AIM IPOs in 2006 278 UK 201 International 77 Capital raised since 1995*  £40.1 Billion Capital raised in 2006*  £15.7 Billion UK  £10.3 Billion International  £5.4 Billion * New listings and further capital raises 1.2.4 DIVERSITY AND INTERNATIONAL DIMENSION AIM has a diverse market spanning (Figure, 02) in approximately 39 sectors having a number of international companies and investors. The AIM is comprised of key sectors in which there is resource sector that include mining and oil gas, financial sector includes real estate, equity investment instruments and general financial. The industrial sector of AIM is comprise of construction materials, electronic electrical equipment and support services whereas, the consumer services includes media and travel leisure. Apart from US the growth in international companies on AIM is also being driven through Canada, China, India and mainland Europe. 1.2.5 MARKET CAPITALISATION According to LSE statistics the international companies listed as UK Top Co are counted as domestic. The US investors 330 international companies are listed with a value of  £36.6bn equivalent to $73.5bn and over 70 US companies listed on AIM has a value of  £2.9bn that is equivalent to $5.8bn (London Stock Exchange, 2005). It is interesting to note that the international companies on AIM are larger than UK companies, with an average market capitalisation at 31 December 2007 of  £99.2 million compared with  £46.9 million for UK registered companies. The market capitalisation on Alternative Investment Market is expressed in the Figure, 03. It is important to signify that AIM is not subject to more extensive regulation and therefore, it offers a wider pool of investors, and this may result in some decline in the cost of capital (Errunza and Miller, 2000). CHAPTER II LITERATURE REVIEW 2.1 INTRODUCTION Establishing itself as the worlds most successful growth market after being launched by the London Stock Exchange (LSE) in 1995, AIM provides opportunity to raise capital and a liquid market place to trade shares for small and medium sized growing companies. Over 3000 small growth companies have listed on AIM and these companies have raised a total of over  £60 billion, since the commencement of AIM. Global recession has caused complicated market conditions however; there are still some signs of recovery, such as the first major IPO of the year and on the other hand improvement can be observed in trading volumes and average; meanwhile, an improvement in fund raising conditions towards the end of 2009 and through 2010 is also predicted by the brokers and other market commentators (Thronton, 2009). In order to conserve its position in the market AIM has to become accustomed with current market conditions, while not losing sight of its roots and emerge as a market focused on providing growing companies with direct access to capital (Thronton, 2009). The main objective of the literature review is to summarise the existing research work to gain insights on the subject area and also to assess and explain the impacts of recession. The core element of the research is to conduct an empirical study of the relative volatility, analysis of market size, allowance and liquidity ratios of AIM and determining its rate of progression during economic commotion. 2.2 AIM- FACTS AND FIGURES The AIMs trading began on 19 June 1995 and there were only 10 companies listed on the first day of trading. Since the opening of the Third Market in 1987, AIM was Londons first new market and it is split into two indices, the AIM 50 and AIM 100 Index where AIM 50 includes the biggest names on the junior market by attracting fresh, budding and newly expanding firms which were incapable for admittance to the main FTSE lists (London Stock Exchange, 2005). Even after facing criticism for the costs by some experts the market succeeded in making it easier for smaller businesses to raise capital. In accordance with the rules by AIM, the companys costs rose up to 20 times higher in comparison to the earlier system. Notwithstanding the cost of raising capital was approximated to be an average of about  £100,000 for an AIM company, as compared to  £1m for a company on the main market (London Stock Exchange, 2005). There are now 1,276 AIM-listed companies. Liquidity among AIM stocks widely varies and the stocks having highest capitalisation and the largest free float represent comparable liquidity levels to the main market. There are a large number of illiquid stocks on the lower end of the market. AIM provides different trading platforms for different types of stock in order to improve the liquidity of the market but its volatility is not significantly diverse than other markets. 2.2.1 STOCK TRADING Large and frequently traded stocks are listed on AIM and there are small, infrequently traded stocks also listed with it therefore; no single trading mechanism is applicable to AIM stocks. Considering the time from the institution of AIM, it has exhibited very rapid growth in trading volumes (London Stock Exchange, 2005) as represented in Table, 02. The average annual growth rates over the period of a decade starting from1996 to the year 2005 are as follows; the turnover was around 36%; number of trades was 28%; and the number of shares traded were 35% approximately. The average number of shares per trade grew by 5% per year, whereas the average value per trade grew by 6% per year, over this period. The growth of trading on AIM occurred in two phases. There was a substantial drop in stock market prices observed during 2001- 2002 where there was negative volume growth which gradually recovered in the year 2003 followed by rapid growth of trading. 2.2.2 UNDERSIZED REGULATORY LOAD AIM regulations are designed to reduce burden for companies listing on this exchange. The admission process for AIM takes about three months, depending on circumstances (Audley, 2005) and in order to list on AIM; There is no need for trading record and on the spot listing of start-ups and cash shells; Smaller companies can also list as there is no minimum market capitalization; Reduced costs and time for listing as the admission documents are not pre-vetted by AIM or the U.K. Listing Authority; The lack of a minimum free float for preventing firms to sell off a substantial part of the business to list in AIM; Approval from prior shareholder is not required for acquisitions that also reduces the time and cost of acquisitions. There is an obligation to employ a Nomad at all times for each AIM-listed company. The Nomads carry out three main functions; To make a decision that if a company should be admitted to AIM or not; Managing the floatation process; and Advice the company regarding rules, before and after it has been listed. 2.2.3 COSTS FOR LISTINGS The admission fee of AIM is  £4,180 with a listing fee of  £4,180 per year and a value-added tax to these admission and annual fees is applied to UK companies. The total costs of admission to AIM are about  £350,000 to  £450,000 and a brokers fees of 3% 6% of any funds raised (Audley, 2005). Nomads are liable to undertake most of this process followed by any subsequent capital-raising and this keeps admission and listing costs under control. The costs to the firm of listing on AIM include: The initial costs to obtain the listing; Followed by initial floatations costs of any subsequent capital raising; and The annual costs of maintaining the listing. 2.2.4 THE MAIN MARKET London Stock Exchange is one of the worlds leading stock exchanges and AIM offers a great deal of progression to it and vice versa. During a period of January 2000 to December 2004, a total of 160 companies switched between AIM and the main market. About 81% went from the main market to AIM and almost 19% went from AIM to the main market concluding that out of every company graduated from AIM to the main market, four moved in reverse course (Dufour, Sutcliffe and Wells 2005). In accordance with a survey (Baker Tilly, 2005b) 17 firms moved from the main market to AIM and their reason (Table, 03) for moving as constituted by the survey were; Less regulation 53% More Flexibility 41% Less Expensive 24% Tax Benefits 12% Suitability 12%Table: 03 Furthermore, the survey (Baker Tilly 2005b) reveals that 64% of the main market companies considered moving in and back to AIM, out of which 26% actually planned to move whereas the rest of 34% companies considered it beneficial due to lack of provisional parameters, trouble-free acquisitions, greater flexibility and tax advantages. 2.2.5 TAXATION The following areas of tax relief are available for individual investors in U.K. companies listed on AIM (Baker Tilly, 2005a): The business asset taper relief tends to minimise the effective tax rate of capital gains tax up to 40% 10%. In gift relief a capital gains tax is overdue until a subsequent disposal by the recipient. Investment in AIM trading companies leads to indemnity from inheritance tax. Enterprise investment scheme offers relief from both income tax and capital gains tax. From the initial investment in new AIM shares about one fifth of the cost can be counterbalanced against income tax. In addition any capital gain is exempt from capital gains tax, while any capital loss (less the 20% income tax relief) can be offset against capital gains elsewhere. Investors are exempt from tax on dividends from the Venture Capital Trusts, and capital gains on their shares in the VCT. Investors also receive an initial income tax relief equal to 40% of their investment in new VCT shares. 2.2.6 REQUIREMENTS AND LISTING PROCEDURE Companies listed on AIM have to assign a nominated adviser to serve as their sponsor or representative and is responsible to prepare the prospectus in order to admit the issuer for trading on AIM. The function of a nomad is to assists the company in raising its initial capital provide market making and research for the issuers stock with the help of its brokerage and research departments. The contractual activities and correlation between the issuer and its nomad extends well beyond the initial public offering. Nomad remain active even after the initial listing on AIM so that a small issuer does not end up being left alone in a stock market crisis. New rules and regulations were instituted both for nomads and companies listed on the AIM exchange, in Feb, 2007. To provide further guidance and to illuminate the regulatory issues concerning disclosure requirements the rules for nomads and companies were put into practice. Although the changes to AIM rules are evolutionary rather than re volutionary, Nomads should not under-estimate the Exchanges emphasis on the responsibility of nomads for preserving the reputation and integrity of AIM (Audley, 2005). 2.3 ASSOCIATED RISKS AND BENEFITS The listing procedure is much more simplified in London Stock Exchange as there is no regulatory authority in the UK so it becomes the responsibility of the sponsoring nomad as a result of which the complete process becomes substantially quicker and inexpensive. The prospectus discloses all information that an investor needs for making an informed investment decision and its less comprehensive in most cases where the SEC-filed registration statement and the review process, for the most part, is absent (Audley, 2005). Therefore, the SEC governmental review process of the prospectus, the massive amount of periodic regulatory filings and compulsory financial reporting needs are eradicated by listing on AIM. The emerging growth companies are offered with very greater options by eliminating the need for underwriters that are only interested large deals so a great number of foreign companies are flocking to AIM (London Stock Exchange, 2006). Listing on AIM gives an emerging growth company the opportunity to go public and raise capital for reasonable fees and under reasonable terms and conditions. AIM rules require not only a nominated broker but also a nominated adviser. There were companies on AIM which caused regulatory nervousness and the big guns at the DTI, Treasury and Stock Exchange focused their canon on nominated advisers. This had a knock-on effect on costs. Nominated advisers lay off their responsibilities on solicitors and accountants who duly reproduce and costs shoot up (London Stock Exchange, 2006). Professional advisers, anxious to minimise the risk of adverse criticism by the regulatory authorities, are now applying Official List standards. This has driven costs up and has damaged the purpose of AIM (London Stock Exchange, 2006). 2.4 FISCAL AGITATION AND AIM Economic recovery is gradual but consistent followed by the recession that hit the stock markets worldwide and for London Stock Exchange, particularly AIM market; there is a need for investment by small companies. The number of companies quoted on AIM, which is the London Stock Exchanges Alternative Investment Market, is now just 1,276 compared with more than 1,600 in the year 2007, which constitutes that, more than one company a day delists from AIM throughout last year (Northedge, 2010). It is also noticeable that notwithstanding the soaring share prices up to 66 per cent in the year 2009, outperforming the main stock market, only 36 new companies joined AIM. It is the lowest annual total since the launch of AIM in1995 and a tiny fraction as compared to the joining of 462 companies that in 2006 (Northedge, 2010). About 290 companies delisted compared with 218 in the year 2008, and others have been liquidating their assets and returning the proceeds to shareholders. Reported by (Wac hman, 2009) in Guardian, The number of companies having a capital under  £5m or  £10m has halved within two years and approximately two-thirds of AIMs companies are capitalised at less than  £25m and almost10 per cent are valued at below  £2m. Despite share prices falling, the delisting of the small firms has become a basis for the average AIM Companys estimation twofold to  £43m since the year 2006. The continued loss of small firms from AIM and some Britains top 200 companies remain there give rise to a fear that AIM will become another version of the main market leaving no alternative for smaller businesses to be quoted. That is already making it harder for small firms to raise capital to invest in Britains economic recovery (Northedge, 2010).

Hockey vs. Football Essay -- Sports Compare Contrast Hockey Football E

Hockey vs. Football Football and hockey are two sports, which are similar in objective, but very different in their rules and guidelines. In each of these major sports there are rules and guidelines that the players must follow. The topics that will be covered are the weight differences between the players in football and hockey, the use of Creatine Monohydrate, and last the equipment restrictions. This first paragraph will discuss the weight difference between the players in the NFL (football) and the NHL (hockey). Although there is no written rule as to how much a player can weigh in either of the sports, there is the unwritten rule that the players and coaches follow. The average hockey player weighs about 185 pounds. The average weight of a full NHL hockey team consisting of 24 players is about 4,500 lbs. Coaches in the NHL do not want their players too weigh more than 200 though because as Mike Milbury the coach of the New York Islanders put it â€Å" when a player is as big as a football player (approx. 250 lbs.). It is harder for a player to move quickly and elude an upcoming check†. In the NFL, it is the opposite of the NHL. The coaches don’t want their players too weigh less than 200 pounds. The Punter/Kicker is the only position that it doesn’t really matter what the weight of player is. On average the weight of a NFL player is 250 lbs. The averag e team consisting of 48 players weighs about 12,000 lbs. This paragraph talks about a very controversial substanc...

Dicken’s Hard Times Essay

â€Å"Now, what I want is, Facts. Teach these boys and girls nothing but Facts. Facts alone are wanted in life.† (Dickens, 1854, p.1) With these beginning sentences of the novel â€Å"Hard Times†, Charles Dickens has made readers doubt whether it is true that facts alone are wanted in life. This question leads to the main theme of the story, fact against fancy, that author has never been written this kind of plot in his other stories before. In fact, Hard Times is considered as â€Å"the unlike-the-rest of Dickens’ works† (Collins, 1992, p.xi) because the plot is not involved the social problems in Victorian Age such as poverty or child labor, but it is â€Å"an abstract that exalts instinct above reason.† (Collins, 1992, p.xiii) Although it is not Dickensian, author still put his cliff-hanger characteristic on his work which makes the story enjoyable and worth reading for all-age-readers. Due to many interesting factors, this novel has been chosen to be the topic of this essay consisting of three parts that are the historical backgrounds, the facts about this novel and my critical refle ctions. To gain the comprehensive perspective of the story, we need to look back on historical backgrounds of the age that this novel took place which can be seen in three ways that are the economy, the social class and the education. Victorian Age is the period of economic progress that Industrial Revolution played important part in the British society. As a result, there were many factories located in town and it is imaginary described in a story that industrial Coketown is â€Å"where the piston of the steam-engine worked monotonously up and down, like the head of an elephant in a state of melancholy madness.† (Dickens, 1854, p.20). So, it shows that Hard Times is â€Å"a realistic novel that author voiced a radically dissident attitude on Industrial Revolution in his story.† (Lowy 2007 218) According to the growth of economy, there was the distinction found in social classes especially between labor and management (Cliffnote, n.d.) in this story that can be seen at Mr. Boun derby, a wealthy manufacturer, considers himself as self-made man and later found that he is not, who is in upper class and has predominant power over Blackpool – a hard working labor in Mr. Bounderby’s factory. However, the social class distinction is not raised as a serious problem in the story. Also, this economic progress has a great impact on the education system in which the schools are dominated with the Utilitarian spirit. From the plot, it shows that Dickens held a strong vision against the Utilitarianism, a theory that considers self-interest is maximum utility and denies on imagination (Diniejko, n.d.), that he ends the story with the tragic event caused by failure of the Utilitarian education system that teaches students only fact, but he oppositely admired hospitality of the Sleary’s circus that teaches the children with imagination. These are historical backgrounds that influenced the story and make it more understandable. As it is claimed at first that this novel is not like the other Dickens’ stories, it is contained some facts that makes the novel interesting which are its background, cliff-hanger plot and impressive critiques. Unlike Dickens’ â€Å"usual shilling monthly numbers, Hard Times was a part in his two penny weekly edited magazine† (Collin, 1992, p.xi), Household Words, which â€Å"faced a shrinking circulation and falling profits† (Enote editor, n.d.). Therefore, the story was written in form of â€Å"serialization and finally titled Hard Times For These Times when it was gathered into fuller version.† (Collin, 1992, p.xi) Although it is not a notably work, it has a Dickens’ famous cliff-hanger plot. The main theme is the conflict between fact and fancy in which Mr. Gradgrind teaches his students and his children to believe in fact, but the story turns out unexpected that two of his children have to live in misery; Louisa has a loveless marriage with Mr. Bounderby – a friend of her father and a bank owner. Tom, Louisa’s brother, becomes a bank robber who almost cannot escape abroad. In order to help his son, Mr. Gradgrind eventually has to ask Sleary’s circus, who he never favour because they teaches children with imagination, for help and he comes to realize that his philosophy he has been teaching all along for his children is a failure. The story also contains many subplot stories such as an impossible love between Louisa and Mr. Harthouse, a secret life of Mr. Bounderby and a social class love. With his sharp and sarcastic writing skill, Hard Times receives impressive critiques from many admirers. The outstanding critique is one from Dr F. R. Leavis in 1948 that saysâ€Å"†¦ of all Dickens’ works the one that has all the strength of his genius, together with a strength no other of them can show—that of a completely serious work of art†¦Ã¢â‚¬  (Collin, 1992, p.xii). These three facts of this novel even make it more astonishing. A good novel not only gives reader an appreciation but also provides some points that need to be analyzed through critical thinking process. So does the Hard Times, it is a valuable novel that I favor and have critical reflections on the Dickens’ satire, the well-rounded characters and the comparison on the different abstract ideas. I was hooked by this novel right from the first three sentences, claimed at the beginning of the essay, because it provokes readers’ brain to think until we find the answer that it is wrong to lean on facts alone in life and that is the first satire in a story. There is the using of repeated word to sarcastically equate the teacher and Mr. Gradgrind with the mechanic engine as shown â€Å"Fact, fact, fact!’ said the gentleman. And ‘Fact, fact, fact!’ repeated Thomas Gradgrind† (Dickens, 1854, p.6). Moreover, all the well-rounded characters are formed in satirist way. For example, there is the difference between Lou isa and Sissy which we see the development of these two characters. The first is Louisa who was born and raised in a wealthy family teaching her only facts are wanted in life, but she ends up living in mournful as it says â€Å"†¦any hoarded scrap of which, is a blessing and happiness to the wisest? Did Louisa see this? Such a thing was never to be.† (Dickens, 1854, p.283). On the other hand, the second is Sissy, was born in circus and taught her with imagination, who ends up living with happiness as it says â€Å"trying hard to know her humbler fellow-creatures, and to beautify their lives of machinery and reality with those imaginative graces and delights† (Dickens, 1854, p.283). Lastly, I am very appreciated with the comparison on the different abstract ideas especially one in this example; the different perspectives of horse that the student in Mr. Gradgrind’s school describes in scientific and arithmetic way as shown: â€Å"Quadruped. Graminivorous. Forty teeth, namely twenty-four grinders, four eye teeth, and twelve incisive†¦Ã¢â‚¬  (Dickens, 1854, p.4), while the Sleary’s circus people describe it as beautiful imaginary way as shown: â€Å"The public house was the Pegasus’s Arms. The Pegasus’s legs might have been more to the purpose†¦Ã¢â‚¬  (Dickens, 1854, p.25). It can be interpreted that students see no abstract from object, they have blunted mind, while circus people, who live in Victorian Era – the golden age of circus, have something that students do not have which are morality and hospitality. These are my critical reflections that makes Hard Times become one of my favorite novels. All of these are the historical backgrounds, the facts about this novel and my critical reflections for the Dickens’ Hard Times. It is a story of wrong philosophy that facts which are actually not the only needful thing in life. This novel gives readers the way to approach history of Victorian A ge, also, an appreciation. And the most importantly, it persuades readers to live their lives happily with imagination and hospitality to everyone that will come into life. References Collins, Philip (1992). Introduction. Charles Dickens Hard Times(p. xi,xii,xiii). Berwick Street, London: The Millennium Library. Dickens, Charles (1854). Hard Times For These Times. Charles Dickens Hard Times(p. 1,4,6,20,25,283). Berwick Street, London: The Millennium Library. Diniejko, Dr Andrzej.Charles Dickens as Social Commentator and Critic. The Victorian Web: An Overview. Retrieved January 10, 2013, from http://www.victorianweb.org/authors/dickens/diniejko.html Hard Times Critical Essay by Charles Dickens. Study Guides, Lesson Plans, Homework Help, Answers & More – enotes.com. Retrieved January 10, 2013, from http://www.enotes.com/hard-times-essays/dickens-charles-hard-times-these-times Hard Times: Critical Essays: Dickens’ Philosophy and Style – CliffsNotes . Get Homework Help with CliffsNotes Study Guides . Retrieved January 10, 2013, from http://www.cliffsnotes.com/study_guide/literature/hard-times/critical-essays/dickens- philosophy-style.html Lowy, M. (2007). The Current of Critical Irrealism. A concise companion to realism(p. 218). Malden, MA: Wiley-Blackwell.

Manson Family Member Tex Watson

Manson Family Member Tex Watson Charles Tex Watson went from being an A student in his Texas high school to being Charles Mansons right-hand man and a cold-blooded murderer. He led the killing spree at both the Tate and LaBianca residences and participated in killing each member of both households. Found guilty of killing seven people, Watson is now living his life out in prison, he is an ordained minister, married and father of three, and claims he feels remorse for those he murdered. Charles Watsons Childhood Years Charles Denton Watson was born in Dallas, Texas on December 2, 1945. His parents settled in Copeville, Texas, a small impoverished town where they worked at the local gas station and spent time at their church. The Watsons believed in the American dream and worked hard to provide better lives for their three children, of which Charles was the youngest. Their lives were financially modest, but their children were happy and following proper paths. Early Teens and College Years As Charles got older he became involved in his parents church, the Copeville Methodist Church. There he led devotions for the church youth group and regularly attended the Sunday night evangelistic services. In  high school, he was an honor roll student and a  good athlete and earned the reputation as a local track star by breaking records in high hurdles. He also worked as the editor of the school paper. Watson was determined to attend college and worked at an onion packing plant to save money. Living in his small hometown was beginning to close in on him and the thought of gaining freedom and independence by attending college 50 miles away from home was appealing. In September 1964, Watson went to Denton, Texas and began his first year at North Texas State University (NTSU). His parents were proud of their son and Watson was excited and ready to enjoy his newfound freedom. At college academia quickly took a second seat to going to parties. Watson joined the Pi Kappa Alpha fraternity in his second semester and his focus switched from his classes to sex and alcohol. He participated in some of the fraternity pranks, some more serious than others. One involved stealing, and for the first time in his life  he had to disappoint his parents by admitting he broke the law. His parents lectures failed to deter his wish to get back to the campus fun. Watsons First Exposure to Drugs In January 1967 he began working at Braniff Airlines as a baggage boy. He earned free airline tickets which he used to impress his girlfriends by taking them for weekend trips to Dallas and Mexico. He was getting a taste for a world away from Texas and he liked it. During a visit to a fraternity brothers home in Los Angeles, Watson was taken in by the psychedelic atmosphere of drugs and free love which took over Sunset Strip during the 60s. From Texas to California Against his parents wishes, by August 1967, Watson left NTSU and was on his way to total freedom - Los Angeles. To keep a promise to his parents to finish college he began attending classes at Cal State in business administration. His cherished frat clothes were tossed away for the cooler hippie look and his preferred high switched from alcohol to marijuana. Watson enjoyed becoming part of the group who separated themselves from the establishment and they accepted him. Within months of being there, Watson took a job as a wig salesman and quit Cal State. He moved to West Hollywood and  then to Laurel Canyon in a house behind the strip. His mother came to visit him just one time after he was hurt in a serious car accident. Unimpressed with his lifestyle, she begged him to return to Texas and although a part of him wanted to return to his hometown, pride kept him from going. He would not see her again until after he was on the run for killing seven people. Watson began dealing marijuana and he and his roommate opened a wig shop called Love Locs. It closed quickly and Watson began relying on drug dealing to pay for his new Malibu beach home. His desires to earn money soon dissipated to wanting to get high, go to rock concerts and lay on the beach. He finally evolved into what he thought was a full-time hippie and he felt he had found his place in the world. The Meeting That Changed His Life Forever Watsons life changed forever after picking up a hitchhiker who was Dennis Wilson, a member of the rock group, the Beach Boys. After arriving at Wilsons Pacific Palisades mansion, Wilson invited Watson up to see the house and meet the people hanging out there. He was introduced to various people, including Dean Moorehouse, an ex-Methodist minister and Charlie Manson. Wilson invited Watson to return to the mansion anytime to hang out and swim in the Olympic-sized pool. The mansion was filled with dropouts who hung out doing drugs and listening to music. Waston eventually moved into the mansion where he mingled with rock musicians, actors, children of stars, Hollywood producers, Charlie Manson and members of the Manson Love Family. He was impressed with himself, the boy from Texas - rubbing elbows with the famous and he was drawn to Manson and his family, drawn to Mansons prophesizing and to the relationship his family members seemed to have with one another. Heavy Hallucinogens Watson began doing heavy hallucinogens regularly and became consumed by a new drug-induced perspective in which he believed love and deep bonds to others were formed. He described it as a kind of connection even deeper and better than sex. His friendship with Dean had deepened as well as with many of Mansons girls, both of whom encouraged Watson to rid himself from his ego, and join the Manson family. Joining the Manson Family: Wilson began to pull away from the regulars who were living in his mansion after complaints of sexual child abuse circulated. His manager told Dean, Watson and others living there that they would have to move. With nowhere to go, Dean and Watson turned to Charlie Manson. Acceptance wasnt immediate, but in time Watsons name changed from Charles to Tex, he turned over all of his possessions to Charlie and moved in with the family. Next Helter-Skelter See Also: The Manson Family Photo Album Source:Desert Shadows by Bob MurphyHelter Skelter by Vincent Bugliosi and Curt GentryThe Trial of Charles Manson by Bradley Steffens

Free Essays on Euthyphro and Socrates

Socrates’ Opposition of Euthyphro’s First and Third Suggestion Euthyphro’s first and third suggestion on the form of piety poses a problem for Socrates. A form is something that distinguishes one thing from another; piousness just like anything else has a form. In Socrates’ debate with Euthyphro, he looks for the form of piety, something that can separate pious from impious actions. Socrates is a Natural Law Theorist, laws regarding what is and what is ought to be; he wants some feature of piety that will allow him to pick out pious acts, that is not shared by impious acts, and that makes the action in question pious. Euthyphro has difficulty defining what is pious and what is not because, as it becomes clear from the whole discussion with Socrates, he does not have a clear idea of what it is himself, although he claims to do so. In his first suggestion on the nature of piety, he presents the case of a certain group of individuals, particularly lawmen, to which he also belongs. For them, Euthyphro claims, it would be pious, or holy, to prosecute â€Å"wrongdoers or those guilty of any other offense†¦be they one’s father or mother or anyone else whatever† (Ethics 7-8). On the other hand, it would be impious, or unholy, to hold back because of reservations brought on by ties of relations or friendship. Socrates does not dispute Euthyphro’s duty to do so, but points out to the latter that his suggestion is no more than an example of a pious action, and not very clear one as well. Euthyphro’s example of what is pious does not give a basis for future interpretation of what piousness is. It deviates from the form of this term, and doesn’t explain how to distinguish it for the future. For example if someone asks you what is ice cream, and as a response you say it is some thing that is liked by many people, you are not defining ice cream. Many people like many things, for example many people like pizza. How ... Free Essays on Euthyphro and Socrates Free Essays on Euthyphro and Socrates Socrates’ Opposition of Euthyphro’s First and Third Suggestion Euthyphro’s first and third suggestion on the form of piety poses a problem for Socrates. A form is something that distinguishes one thing from another; piousness just like anything else has a form. In Socrates’ debate with Euthyphro, he looks for the form of piety, something that can separate pious from impious actions. Socrates is a Natural Law Theorist, laws regarding what is and what is ought to be; he wants some feature of piety that will allow him to pick out pious acts, that is not shared by impious acts, and that makes the action in question pious. Euthyphro has difficulty defining what is pious and what is not because, as it becomes clear from the whole discussion with Socrates, he does not have a clear idea of what it is himself, although he claims to do so. In his first suggestion on the nature of piety, he presents the case of a certain group of individuals, particularly lawmen, to which he also belongs. For them, Euthyphro claims, it would be pious, or holy, to prosecute â€Å"wrongdoers or those guilty of any other offense†¦be they one’s father or mother or anyone else whatever† (Ethics 7-8). On the other hand, it would be impious, or unholy, to hold back because of reservations brought on by ties of relations or friendship. Socrates does not dispute Euthyphro’s duty to do so, but points out to the latter that his suggestion is no more than an example of a pious action, and not very clear one as well. Euthyphro’s example of what is pious does not give a basis for future interpretation of what piousness is. It deviates from the form of this term, and doesn’t explain how to distinguish it for the future. For example if someone asks you what is ice cream, and as a response you say it is some thing that is liked by many people, you are not defining ice cream. Many people like many things, for example many people like pizza. How ...

Project Management in a Matrix Organization Thesis Proposal

Project Management in a Matrix Organization - Thesis Proposal Example The main goal of this process became a general restructuring of enterprises, including wide range of forms, methods, and instruments aimed at provision of sustainable development. All these changes in the society are so much global that simple reorganisation of labour will never be enough. Today, for being able to correspond to current conditions, norms, and principles, we should start this restructuring, first of all, from the phase of changing ourselves. That is what called â€Å"a challenge†, which demands specific knowledge and skills professionally and effectively applied in practice. As the world experience shows, the important part of such knowledge base is such situational science as management. The simplified definition of â€Å"management† states that it is necessary skills which help to achieve goals using labour, intellect, and motives of other people’s behaviour in the most efficacious and fullest way. The urgency of management had been conceived and proved long time ago, when such performance turned into profession, area of expertise became a real independent discipline, and social layer grew in rather influential public power. Currently, for being able to presume successful functioning in the conditions of constant changes, every enterprise needs competent and professional management. In the conditions of crisis, superintendent must be able to analyze various options of manufacture’s development, see perspectives of the company on the market, and gain will and ability to retract staff into implementation of purposes. In addition, it is imperative to have a clear and distinct structure of the firm, understand the reason of choosing exactly this approach, and be aware about all possible results that may come up the in future. For maintenance of competitiveness of the enterprise, organisational structure should provide that all work is focused on specific products and concrete ultimate consumers. Organisational structure supposes distribution of functions and authorities aimed at the process of decision-making between superiors and employees that are responsible for the performance of structural subdivisions. The problem of improvement of organisational structure consists of specification of subdivisions’ functions, definition of rights and responsibilities between superintendent and employee, elimination of multistaging, and duplications of informative flows. The main purpose of all these tasks is to increase effectiveness of management. Organisational structure is supposed to build clear and concrete relationships between particular departments of the firm along with effective distribution of responsibilities between them. Organisational structures of industrial companies are characterized with a big variety of forms and are defined with many objective factors and conditions. The last can include the volume of industrial performance, production profile of the firm, or the character of monop olistic embodiment. Each of existed organisational structures has its specific virtues and disadvantages. Every organisational st

Rural Poverty Alleviation Essay Example | Topics and Well Written Essays - 1000 words

Rural Poverty Alleviation - Essay Example In a large and diverse country like India, it is not surprising to experience the kind of hardships and obstacles that appear to hinder every attempt at large scale alleviation of poverty in general and rural poverty in particular. India is a vast democracy of myriad tradition and culture. She is also multi-lingual and in the grip of traditional customs and religious beliefs. Influential politicians, religious leaders, film stars and iconic sportsmen don the mantle of role models and guides. The television perfectly and effectively keeps everyone pre-occupied with live performances and programs, leaving the common man and woman, boy and girl with little time for serious issues of life and responsibilities. Lest I am branded as pessimist, let me hasten to add that India has achieved the targets of rural poverty alleviation to an appreciable extent in the six decades after independence. By and large, there is more prosperity in villages now than before. Government schemes like Jawahar Rojgar Yojana, Drought Prone Area Programs (DPAP), Panchayati Raj, land reforms, etc. have been designed with the common man in the rural backyard in mind. The rural folk enjoy a better transport and communication system, they are politically, economically and academically more aware, and successive five-year plans, especially from the sixth five-year plan onwards, have bestowed more privileges and benefits on them. (8th Five Year Plan) Statistics of the National... Government schemes like Jawahar Rojgar Yojana, Drought Prone Area Programs (DPAP), Panchayati Raj, land reforms, etc. have been designed with the common man in the rural backyard in mind. The rural folk enjoy a better transport and communication system, they are politically, economically and academically more aware, and successive five-year plans, especially from the sixth five-year plan onwards, have bestowed more privileges and benefits on them. (8th Five Year Plan) Conversely, however, the sheen in these progressive schemes and undertakings lost their shine with corruption at every level, powerful hold by vested interests, political compulsions and exploitation. Statistics of the National Rural Employment Program and Rural Landless Employment Guarantee Program (RLEGP), showing the extent of finance involved in rural employment programs in the Seventh Five Year Plan, are reproduced below: Performance of NREP in the Seventh Five Year Plan Year Resource availability (Rs. crores) Expenditure: (Rs. crores) Employment Generation (in million mandays) Manday Cost(Rs.) Wage-Non- Wage Ratio 1985-86 593.08 531.95 316.41 16.81 60:40 1986-87 765.13 717.77 395.39 18.15 60-40 1987-88 888.21 788.31 370.77 21.26 59:41 1988-89 845.68 901.84 394.96 22.83 57:43 Performance of RLEGP in the Seventh Plan Year Resource availability (Rs. crores) Expenditure (Rs. crores) Employment Generation (in million mandays) Manday Cost (Rs.) Wage/Non- Wage Ratio 1985-86 580.35 453.17 2.47.58 18.30 57:43 1986-87 649.96 635.91 306.14 20.77 57:43 1987-88 648.41 653.53 304.11 21.49 58:42 1988-89 761.55 669.37 296.56 22.57 58:42 (Source: 8th Five Year Plan) Disillusionment with Rural Life Mass migration of people from hinterland and rural areas into cities and, to a lesser extent, towns and