Hr Project of Descon Rngineering Company

HUMAN RESOURCES MANAGEMENT PRACTICES PREVAILING IN DESCON ENGINEERING COMPANY [pic] SUBMITED TO: Ghulam Hussain (LECTURER) SUBMITED BY: Muhammad Sami ciitswlfa09-MBA-017 Iram Sabirciitswlfa09-MBA-039 Shumaila Aslamciitswlfa09-MBA-051 COMSATS Institute of Information Technology, SAHIWAL. ACKNOWLEDGEMENTS First of all, we are thankful to GOD WHO makes us capable to gain knowledge and after that we would like to say thanks to parents who brought us up and made us able to face challenges of this dynamic environment. We also thank to MR. Ghulam Hussain who guides us in developing this project. The main purpose of this project is to enhance our skills. The project was about Human Resource Practices at Descon Engineering Company. We went to the Head Office of Descon Engineering Company at Lahore meet with Irfan Usmani (HRD Executive) and Ammar Khan (HRD Assistant Executive). They have cooperated a lot with us. After that we become capable to present this project in front of you. EXECUTIVE SUMMERY Descon is the one of the leading company in project based business to business market in Pakistan. This summery is all about the Human Resource Department of Descon Engineering Company. We will discuss about the introduction of Descon in first chapter. The second chapter will tell us about the structure of HR Department in Descon. The third chapter shows planning and job analyzing steps in the department. The fourth chapter will help us to know about selection and recruitment of procedures. The fifth chapter is all about training and Development through implementation and Evaluation. Sixth chapter will creates a knowledge how Descon conduct its Performance Appraisal System. The second last chapter defines the compensation management. And the last chapter explains how this department handles the disputes and procurement procedures. DEDICATION: We dedicate this project to our Parents, sweet cousins and friends.

Reflection on Assessment of Asthmatic Patient

In this essay, I need to reflect on the situation that taken place during my clinical assignment to develop and utilize my experiences on the assessment and intervention of asthmatic patient in my work place. In this reflection, I am going to use Gibbs (1988) Reflective Cycle. This model is a recognised framework for my reflection. Gibbs (1988) consists of six stages to complete one cycle which is able to improve my healthcare practices continuously and learning from the experience for better practice in the future. The cycle starts with a description of the situation, next is the analysis of the feelings, third is an evaluation of the experience, fourth stage is an analysis to make sense of the experience, fifth stage is a conclusion of what else could I have done and final stage is an action plan to prepare if the situation arose again (NHS, 2006). Baird and winter (2005, p. 156) gave some reasons why reflection is required in the reflective practice. They state that a reflection is to generate the practice knowledge, assist an ability to adapt new situations, develop self-esteem and satisfaction as well as to value, develop and professionalizing practice. However, Siviter (2004, p. 165) explain that reflection is about gaining self-confidence, identify when to improve, learning from own mistakes and behaviour, looking at other people perspectives, being self-aware and improving the future by learning the past. In my contact with the patient, it was important for me to establish a very good rapport which is the healthcare professional – patient relationship. There was a good mutual understanding exists between me and Mrs. A established from a sense of trust (Harkreader and Hogan, 2004, p. 243). Ruesch (1961) mentioned the purpose of the good communication is to improve the patient’s ability to function. According to Kathol (2003) healthcare provider must show up caring, sincerity, empathy and trustworthiness in order to build a warm relationship with patient. Those attitudes could be expressed by promoting the effective communication and relationships by the implementation of interpersonal skills. Thus, My reflection is about one patient whom I code her as Mrs. A, not a real name to protect the confidentiality of patient’s information (NMC, 2004). Description of the situation In this paragraph I would describe on the event that took place in assessing and provision of intervention to asthmatic patient in my work place. I was on a ward when Mrs. A was brought to the Accident & Emergency unit. She was a 76 years old been diagnosed of asthma. Mrs. A complainted of shortness of breath with audible wheezing. She could not walk herself and need to be assisted if she wanted to stand or walk. Her past medical history revealed diabetic and high blood pressure. Patient has taken her prescribed medication of ventolin at home without relief of symptom before coming to the Accident & Emergency. She was accessed and physical examination show the following: Respiratory rate 30, Heart rate 110, blood pressure 140/90, temperature 36. 2, and saturation 87. Auscultation reveals decreased breath sounds. Peak flow done before and after treatment was 125/250. Mrs. A was also coughing up small amount of sputum. Feelings In this paragraph, I would discuss on my feelings or thinking that took place in the event that happened. Before I started the assessment, I introduced myself and approached Mrs. A. So I tried to build a good rapport with her as I do not want her to feel strange as I was not her family members or her relatives. My first approach to her was to ask whether she wanted to take her lunch. She was on soft diet as she was having a difficulty in swallowing. Then I asked her permission to feed her. She looked at me and the pain was there. In this situation, I showed up my empathy as I put myself in her shoes and assuming I was having a breathing problem. According to Wold (2004, p73) empathy is about the willingness to understand the other person not just judging the person’s fact. Then, I touched her shoulder, kept saying, and raise my tone a bit because I was afraid if she had a hearing trouble. I was reassuring her she will be fine. In the meantime, I was thinking whether the English language was not her mother tongue but I kept myself communicate verbally with her including using my body gesturers and facial expression. Body gesturers and facial expressions are referred as a non-verbal communication (Funnell et al, 2005, p. 443). I thought of the language barrier that breaks our verbal communication. Castledine (2002, p. 923) mention that the language barrier arises when there are individuals comes from a different social background use their own slang or phrases in the conversations. Luckily, those particular body gesturers could make her understand that I was going to assess her. During the assessment I maintained the eye contact as I do not want her to feel shy. This is supported by Caris-Verhallen et al (1999) which mentioned that the direct of eye contact could express a sense of interest in the person to the other person involves in that communication. As a result, she gave a good cooperation and was very happy for the assessment until finished. Evaluation Developing my skills on assessment and intervention of asthmatic patient particularly an adult has been very challenging but rewarding. My learning style was kinaesthetic where I actually carried out physical activity in my work place. I was eager to try and explore the theory into practice by assessing Mrs. A under the supervision of a registered nurse. As a busy department it was difficult to get a nurse to supervise me, but the nurses were doing everything possible to make their selves available whenever I needed their help. The registered nurse asked me to assess Mrs A, at first I wasn’t confident because that was my first patient to assess. However, the more time I spent with Mrs A, the better I become. I was anxious to put theory into action by carrying out the assessment and taken part in the intervention. I took the challenge to revise the anatomy and physiology of the respiratory system. This was very helpful in understanding the changes in anatomy and physiology of a patient with asthma. The study deepened my confidence in demonstrating competences in carrying out assessment and dvising patients with asthma on the use of nebuliser. These skills have enabled me to know how to reassure patient when they come in with asthma attack. I have also developed the new skills to understand more about the trigger of asthma, symptoms, causes and intervention. It was also as my duty to feed Mrs A so that I could make sure the patient get the best care in the ward. Burnard (1990) and Stein-Parbury (1993) define attending to patient as a patient-centred process as wells as to fulfil the basic conditions as a healthcare professional to provide the genuineness, warmth and empathy towards the patient. I was able to improve my verbal and non-verbal communication skills in my conversation with her during the assessment as she was having a hearing problem and could not communicate in English language properly, so the non-verbal communication plays a role. Caris-Verhallen et al (1999, p. 809) state that the non-verbal communication becomes important when communicating with the elderly people who develop a hearing problem. Hollman et al (2005, p31) suggests some effective ways to maximize the communication with hearing impairment people such as always to gains the person’s attention before speaking, make yourself visible to prevent them feel frighten and try to use some sensitive touch. I feel this is a good experience to me because I learn to develop my verbal and non-verbal communication particularly. Furthermore, I also used my facial expressions to advise her when I finish. During meal time, she withdraws the meal after few seconds but I smiled and assured Mrs. A that it was good for her health to finish her meal. Therefore my facial expression worked out to encourage her to finish the meal. Although I could not explain detail to her about the important nutrition diet that she should take, but I could advocate her to finish the meal served because the meal was prepared according to her condition. I am also particularly impressed because I am now more experienced and confident in reassuring my patient and hence achieving my goal. Analysis In order to analyse the situation, I would add that my communication skills were very important to provide the best care to Mrs. A. My communication with Mrs. A was the interpersonal communication. This is because the interpersonal communication is a communication which involved of two persons (Funnell et al 2005, p. 438). I realized that my nonverbal communication did also help me a lot in my duty to provide the care to Mrs. A. Even though she could understand few simple English words when I was asking her some questions but I noticed that one of the problems occurs within the communication was the language barrier. Another was I could not get consent to assess and recommend treatment from Mrs A at first because she was on pain and did not want to speak. White (2005, p. 12) recommended that a healthcare professional should learn a few words or phrases in the predominant second language to put a patient at ease for better understanding. Moreover, though the registered nurses were able to help but due to the high demand of the nurses, it was not very easy to get nurse to supervise me initially because the department was very busy. Although, it was quite difficult because I am not allowed to assess patient without supervision but this really encouraged me to work very hard. She nodded her head to assign that she agreed with me or she was given me consent. In addition, Mrs. A also gave me a feedback that she understood my message by transmitting the message via her body gestures and eye behaviour. Delaune and Ladner (2002, p. 191) state a feedback is that the sender receives the information after the receiver react to the message. In a nutshell, my reflection explores my experiences in asthmatic patient intervention and assessment especially the adult. I was concern about my feeling and thoughts during the assessment so that I could improve more skills in my communication and confident. I successfully communicated with her effectively as she cooperated till the end of the assessment. So it was vital to build good rapport with her to encourage her ability to speak up verbally and non-verbal. Moreover, this ability could help her to communicate effectively with other staff nurses. She would not be neglected because of her age or her disability to understand the information given about her treatment. Hyland and Donaldson (1989), mention that communication expresses what the patients think and feel. In order to communicate with Mrs A, it was important to assess her common communication language and her ability to interact in the other languages. In my opinion, I evaluated that it does not matter whether it was a patient-centred communication or task-centred communication because both communication mentioned by McCabe (2004) actually does involves communication to the patients. So it was not a problem to argue which type of communication involves in my conversation with my patient. After I analysed the situation, I could conclude that I was able to know the skills for effective communication with the patient such as Mrs A, for example, active listening, concentration, empathy and support the patient emotions (Walsh, 2005, p. 34). Action Plan My action plan for the clinical practice in the future, if there were asthmatic patients that I need to help to assess and provide any medical intervention, I would prepare myself better to handle with the patients who would have some difficulty in communication. This is because, as one of the health care worker, I want the best care for my patients. So in related to deliver the best care to my patients, I need to understand them very well. I have to communicate effectively as this is important to know what they need most under my supervision as a Clinical assistant practitioner. According to my experience, I knew that communication was the fundamental part to develop a good relationship. Wood (2006, p. 13) express that a communication is the key foundation of relationship. Therefore a good communication is essential to get know the patient’s individual health status (Walsh, 2005, p. 30). Active listening could distinguish the existence of barrier communication when interacting with the patients. This is because, active listening means listening without making judgement to listen to the patients’ opinions or complaints which give me chances to be in the patients’ perspective (Arnold, 2007, p. 01). On the other hand, it is also crucial to avoid the barriers occurred in the communication with Mrs A. However, I would remind myself to be confident when dealing with the patient. I would make sure I remind myself not to assume or guess what my patient may have in mind. Walsh (2005) argued that making stereotyping and making assumptions about pa tients, perceptions and having first impression of patients and lack of awareness of communication skills are the main barriers in providing better care to patient. I must not judge the patients by making my first impression and assumption about the patients but I have to make patients feel valued as an individual. I should be capable to respect their fundamental values, beliefs, culture (Heath, 2000). I would be able to know on how to build rapport with the patients. There are eleven ways suggest by Crellin (1998, p. 49) which are becomes visible, anticipate needs, be reliable, listening, stay in control, self-disclosure, care for each patient as an individual, use humour when appropriate, educate the patient, give the patient some control, and use gestures to show some supports. This ways could help and give me some guidelines to improve my medical practice with patients. Another important thing to add on my action plan list is to know which the disabilities of the patients have such as hearing disability, visual impairment and mental disability. Once I could know the disability that a patient has, I could well-prepared my method of providing health care more effectively. To summarize for my action plan, I would start a communication with a good rapport to know what affects the patients’ ability to communicate well and to avoid barriers in effective communication in future. Conclusion In conclusion of my reflective essay, I mentioned the model that I chose, Gibbs (1988) Reflective Cycle as my framework of my reflective. The reason for choosing the model as well as some discussion on the important of doing reflection in medical practice. I am able to discuss every stage in the Gibbs (1988) Reflective Cycle about my ability to develop my experience in the assessment and intervention of asthmatic patient.

“Inevitable vs. Amendable” Essay

The film â€Å"Inequality for All† tries to explain; what is the current status of the distribution of wealth and that of income equality? Why this is happening and if this is a problem. Yes, as stated in the film, social inequality is inevitable. But, there is without a doubt a problem with United States distribution of wealth. One of the facts that really opened my eyes was the fact that the 400 richest Americans, together hold more wealth than the poorest 150 million Americans have together. This said, it is scary to think about how obscure was the knowledge we had on the one percent with given how much economic influence they have. The minimum wages vs. growth of productivity graph is one that I found very interesting. Why is â€Å"just† in today’s society to be part a more productive workforce that gets paid less than the workforce we had a few decades ago? The line graph for productivity growth is rising every year, meaning that more work is being done. On the other hand, the minimum wages growth rates were rising but after a while they seem to have plateau and they have been like this for about 30 years. Advances in globalization and technology are also inevitable because it is simple economics that a product shall be produced in the cheapest way possible. Yes, technology does create jobs but as we see in the film companies like Amazon are also opting to operate with high tech machinery instead of the traditional assembly line. Women going to work, general workforce working for longer hours and borrowing money from the financial sectors are coping mechanisms that the middle class used to keep up with their good lifestyles, but in my opinion these are more like defense mechanisms in order to survive in the concrete jungle with the same wages they had 30 years ago. One other comparison that I liked was how the widening inequality leads to a deficiency cycle and when the wealth is equally distributed economic stability is transfused from sector to sector creating a domino effect leading to a virtuous cycle.

Reading response 25 enteries of mistakes made from slip of the tongue Essay

Reading response 25 enteries of mistakes made from slip of the tongue - Essay Example The existence of phonemic or lexical errors in the above sentences offers evidence that the speakers are engaging on forward planning of their utterances. It can be noted from the speech errors that speakers need to adhere to a certain set of linguistic rules. For instance, phonetic constraints prescribe the possible sequences of sounds. Additionally, the studies on speech error have found that there is existence of rules that stipulates the manner in which morphemes are pronounced or how they need to be used together with other morphemes. According to Garrett (1980), the examples below show that speech errors also observe these rules. From the speech errors it can be deduced that elements that interact with each another have a tendency to semantically or phonetically to be same to one another. This means that vowels and vowels exchange and consonants with consonants, the slips are consistent with the language phonological rules, and lastly, in speech errors there are consistent stress patterns. Primarily, both interacting segments receive minor or major

Reflection for a year living on the brink Essay Example | Topics and Well Written Essays - 250 words

Reflection for a year living on the brink - Essay Example He is convinced that the current regime has failed to address escalating tax rates, the failure of the current Obama regime to revive the economy through the American Recovery and Reinvestment Act. The article is interesting because it addresses the ailing economic situation in United States and the world at large. The author investigates the possible causes of the economic stability such as entrusting financial duties to central banks and previous systems that capitalized on labor protection at the expense of job creation. Though the failing economic failure can be solved through a change in regime, countries should address the economic anxiety with practical financial policies. A financial system that empowers all taxpayers is one of the potential ways of improving the current economic situation. An able leader combined practical financial or economic policies can revive the economy of United States and the foreign systems that depend on it. However, the crises should not be addressed in general but the measures should be customized for each economy. Henninger reveals that Chancellor Gerhard Schroder reformed German labor market successfully in

The Power of Organizational Vision Essay Example | Topics and Well Written Essays - 250 words

The Power of Organizational Vision - Essay Example One should also pick a time frame since visioning works best when one goes beyond the present day problems. You should write a draft of the vision, review it, and rewrite it if necessary to ensure it meets the needs of the organization. Moreover, you should seek for input from other individuals that you respect and trust, particularly those who have insight, experience, and expertise that is applicable to your vision (Collins & Pollas, 2011). Lastly, you should share your vision with all individuals who are responsible for implementing it to ensure that they help to achieve the vision. A leader plays a major role in creating a vision for a company. As such, he or she should accept the role of making the firm a place where employees work in unison rather than operating independently. As such, a leader should make sure that the vision is linked to the reality of the firm. A leader should also ensure that the statement of purpose, operating values, and vision are integrated to ensure that they work help to meet the daily operations of the firm (Collins & Pollas, 2011). An example of a compelling vision statement is one by Teach for America which stipulates â€Å"One day, all children in America will get a chance to realize an excellent

Approaches to Research Essay Example | Topics and Well Written Essays - 2500 words

Approaches to Research - Essay Example But the challenge to food processors is really conducting what is called the byproduct development work. To this end there is no clear delineation that exists which describes main components for an effective byproduct development program. This proposal looks at the best strategic methodology that could assist in filling this void. It looks into ways of quantifying, identifying, developing, characterizing, optimizing, analyzing and modeling the waste stream of interest (Dalzell, 2000). The approach to byproduct development gives an inclusive strategy that can be used to more effectively manage industrial food waste. Remember that this methodology is not only applicable to food processing operations, but any industrial or manufacturing firm could benefit from instituting the formal components to be recommended. Hence if the various methodologies are implemented by manufacturers, this would increase the probability of meeting the goals of industrial ecology which are the developing and operating sustainable systems. Justification It will be realized that cost cutting programs in the industry rely heavily on lowering labor costs but, any major category of spending provides an opportunities for cost savings in industry. One of the areas that are over-looked is the area waste management. It is a common knowledge that Waste removal costs are always rising landfills all across the world are nearing the end of their lifespan. Again take note that recycling is getting more complicated and expensive and note forgetting the rising fuel costs which aren't borne by the waste haulers but which are simply passed on to the customers (Dalzell, 2000). Universally there exist many different waste management solutions available for the food manufacturing industry but it is not good to wait for the waste hauling companies to discuss them because these commercial waste hauling and recycling firms have a direct financial disincentive towards assisting food manufacturers to reduce the volume of waste and the costs associated to disposal. Remember that waste disposal is at times seen as an uncomplicated process in that workers collect and sort trash from recycling and then run loads to the dumpster several number of times per day or shift. This waste is collected by a contracted waste hauler at scheduled times and hours. But, industry owners, maintenance, directors managers and operations personnel have knowledge. Hence according to them waste management can be a major nuisance which poses issues that impact on efficiency, safety, floor space available, and also employee morale when excess waste accumulates. Furthermore, the production demands keep on varying while pick up charges remain the constant whether the dumpster is full or not. Take note that research indicates that up to 80% of a full dumpster is air space which means that 80 cents of each dollar that is spent on waste collecting services is literally thrown away. However, there are ways to improve waste handling in the food manufacturing industry to the extent that it not only leads to reduced costs but also enhances operations. Those responsible for making the waste process more efficient and cost effective are familiar with the various options that have been available for the past few

Balanced Score Card Essay Example | Topics and Well Written Essays - 3500 words

Balanced Score Card - Essay Example According to various studies, the Balanced Score Card system affects strategy at the levels of finance, customer, internal, and growth. One advantage of this strategy is that it relies significantly on measurable outcomes that weigh against specific goals as spelt out in the organization’s specific mission and vision. According to a range of financial management literature, the application of the Balanced Score Card is manifest at the financial level of strategy (Punniyamoorthy, & Murali, 2008; Figge, Hahn, Schaltegger, & Wagner, 2002, p. 269). This is because, financial growth strategies are comparably easier to ascertain as compared to the other levels of strategy as customer growth and satisfaction. The universal characteristic of these strategies involve the active application of specific periods within certain financial goals are measured (Brown & McDonnell, 1995). The levels of success or failure are measured within the specified period in order to obtain the most accurate standards of measurement as spelt out within specific growth objectives and strategies. On this score, it becomes appropriate to consider the fact that time factor remains one of the most important considerations of the rate of growth. Financial Management In many organizations, the determination of growth using the Balanced Score Card method involves the determination of revenue growths and profits (Chavan, 2009). This usually entails the determination of the rate of growth in profits as understood together with certain financial measurable. The application of the strategy involves the determination of the strategic growth objectives and the outcome measures as the key determinants of growth within the strategy (Chavan, 2009). For instance, within a manufacturing company, strategic growth could involve the determination of various strategies for growth and other processes (Brown, & McDonnell, 1995). Some of the issues that relate to the development of strategy within the understanding of the Balanced Score Card relate to the need to adjust outcomes within definite operational paradigms. On this matter, it is necessary to consider the fact that the application of strategy remains an integral issue that applies within various factors an d strategies of growth. The determination of specific outcome measures assists in providing the management with specific indicators of telling whether the strategy relates well with the projected goals (Chavan, 2009). The assumption is that the end-result is significantly a factor of the strategy within, which it was achieved. The relationship between outcome and process depends on the manner in which the strategy relates with the financial objectives and the ability of the management to harness all the other aspects of the strategy towards the attainment of the same. The various processes that attach to strategy relate to other application specifics that combine to form some continuous link between the starting point of the strategy and the budgeted outcomes (Chavan, 2009). Critics of the Balanced Score Card strategy contend that other variables apart from the mechanics of the strategy could be involved in the achievement of the specific goals of the organization. Organization proc esses are subject to multiple internal and external factors, which affect the processes in different

Critique about putting a hyper child under medication to make them Assignment

Critique about putting a hyper child under medication to make them calm - Assignment Example Daniel’s mother noticed that he was hyperactive when he became nine months old. Daniel’s mother noted a connection between certain foods and Daniel’s level of activity. At first, the doctors dismissed the connection between Daniel’s hyperactivity. Regardless, Daniel’s mother decided to conduct research and determine if diet contributes to hyperactivity. Currently, Daniel is a calm boy because his mother realized a diet that was suitable for him. Daniel’s story is a testament that there is no need put a hyperactive child on medication to keep him or her calm. It is well known that medication always comes with side effects regardless of its purpose. It is wrong to put a young child on medication just because it is difficult to deal with his or her hyperactivity. The drugs do not even treat the hyperactivity. They are meant keep them calm for a specific period. Subjecting a child to medication for a natural condition only predisposes them to many dangers associated with the different drugs provided for hyperactivity. Daniel’s success story is evidence that there are other ways to control hyperactivity children without having to put them through a lifetime of medication. In conclusion, no child deserves to be exposed to the potential side effects of the medication at a very tender age because of a natural condition. The dangers of getting used of drugs are much greater than the trouble that a hyperactive child creates. Therefore, parents should emulate what Daniel’s mother did. She found alternative ways to help hyperactive children without

Arizona Tewa Kiva Speech as a Manifestation of Linguistic Ideology Essay

Arizona Tewa Kiva Speech as a Manifestation of Linguistic Ideology - Essay Example (298) He reports that Tewa were a Pueblo Indian group â€Å"which removed itself from Spanish influence in 1700 by migrating to the eastern most of the Hope Mesas† (298) In order to maintain their distinct culture they 1) resisted linguistic borrowing from other languages and 2) were the only out migrating group to retain its’ language into the present. The language preservation has been achieved through the Tewa control of â€Å"kiva† speech which is the religious ceremonial speech common to all Pueblo societies. The instruments of control are 1) regulation by convention 2) indigenous purity 3) strict compartmentalization and 4) linguistic indexing of identity. Regulation by Convention Ritual performances rely on fixed prayer and song texts with no tolerance for innovation. This is also manifested in everyday speech preferences, for example by greeting formulae. Also in traditional stories â€Å"audience members and performers alike have a tradition which emplo ys stylized non-verbal accompaniment and uses familiar story telling conventions,† for example the repeated use of â€Å"ba† as a genre making equivalent to our â€Å"so they say†. Such conventions must be followed even if narrators chose to contextualize their stories for specific audiences, or the content and narrator are non traditional in order for audience acceptance Indigenous Purity and Strict Compartmentalization. The author reports that the Tewa have a strict prohibition against the inclusion of foreign words and non kiva Tewa words in kiva ceremonies. This he contends is prompted by the â€Å"need for stylized consistency â€Å" in a conventional liturgical speech level, rather than indicating xenophobia against foreign languages. (302) By a trickle down effect the prohibition against foreign words prevails in everyday speech patterns as well. There is also a strict compartmentalization in Tewa linguistic ideology with â€Å"kiva talk† strictly segregated from both foreign influence and everyday Tewa language in order to preserve its’ sanctity. While examination of linguistic data supports the conclusion that few foreign words have been incorporated into Tewa language, there is evidence of grammatical convergence. Linguistic Indexing of Identity The author states that in Tewa society â€Å"a person’s speech behavior expresses important information the speaker’s identity†. This relates to his or her positional rather than personal identity. For example, â€Å"a conventional component of public announcements is the explicit announcement by the chanter of his mediating status as spokesman.† (306) Conclusion Kroskrity concludes by claiming â€Å"linguistic ideology presents an account which captures the cultural unity of otherwise disparate linguistic norms† and justifies the opening quote of this summary.(311) Since in Tewa society both religious and political leadership is concentra ted in kiva ceremonies, their linguistic ideology provides an insight into how power and social control are exercised. The â€Å"Father Knows Best† Dynamic in Dinnertime Narratives Introduction This article â€Å"addresses gender asymmetry in middle class European American families through an examination of a simple social activity narrating ( a story or a report) over family dinner† on the basis of the Father Knows Best dynamic where father is typically set up to be primary audience, judge, and center of family members actions, conditions, thoughts, and feelings as was the case for this well known 1950s ( 101 )TV sitcom. In spite of more recent feminist ideology, this family power dynamic appears to still prevail. Methodology The author’s study focuses on dinnertime communication patterns of 7 two-parent families earning under $40.000 per annum between 1987 and 1989.( 102 ) Each family had a 5 year old child who

Service Sector Mraketing Essay Example | Topics and Well Written Essays - 1750 words

Service Sector Mraketing - Essay Example A company who is in the business of services must consider the four elements of service characteristics when they are designing their marketing strategy of their service. Those elements are as follows: - 1. Service Intangibility: service intangibility means that services which cannot be seen, touched or smelled before they are purchased for example: train passengers when they buy a ticket before travelling or when people book a room in a hotel in advance etc. 2. Service Variability: service variability means the quality of the service. The quality of the service depends on the person who is going to give it, and when he/she is going to give it and where and how. 3. Service Inseparability: in service inseparability a service cannot be separated from the person who is providing it. In service inseparability both the customer who is getting the service and the person who is providing the service affect the result of the service. The best example for service inseparability is a doctor conducting an examination of a patient. 4. Service Perishability: in service perish-ability a service cannot be kept for later use or sale. ... These were the four basic elements or characteristics that have to be kept in mind when a company or an organization is conducting marketing of a service. Now let's look into a hotel business that provides different kinds of services to its customers. Hotel Services A hotel can be defined as a place where people come to stay for a short period of time and have to pay for their rooms, meals and other kinds of services which a hotel provides like a spa or maid service or for laundry or sport facilities etc. People who would like to stay in a hotel have to get their room reserved in advance. A hotel business solely exits to provide comfort and satisfaction for its customers. It not only fulfils the needs of a customer but actually anticipates and provides the need even before it is asked. The success of a hotel depends on its location that where it is located, inside the city or on the outskirts of the city, is it near a beach or on top of a mountain etc. and it should be easy to find for the tourists. Another thing that makes the hotel business a success would be the number of rooms it has. And let's not forget the main thing that makes it a real success is the way the hotel employees behave towards the hotel's customers. The staffs of the hotel have to be extremely friendly to all kinds of people who are staying or visiting the hotel because the needs of a customer always come first. And also because the staffs of the hotel is always in contact with the people who are staying there and those people usually judge or make an opinion about the place on the impressions of the staff or on the reception they get when they are staying there.

Human Resources Management Essay Example for Free

Human Resources Management Essay There exist major differences between the Brunei HRM compared to HRM in the western world. In the western world, the governments are mainly democratic. The business or the private sector is not in any way under the direction of the government or an individual. However, the Brunei government is a monarchy where the Sultan is the absolute decision maker both for the private and public sector. Given the differences in the political system, these changes are bound to affect the practices that HRM adapts in either country (Pieper, 1990). However, the differences are not just political; there exist major cultural differences between the western countries and that of Brunei. As previously established, the culture in a country manifests itself in the HR practices. Although the Brunei system is open to some extent, it cannot compare to the level of openness that is practiced in the western world. The Brunei system is one where superiors are held in awe, and their word is final. However, the HRM practice in the west is such that there is a lot of decentralization of power to individuals and to institutions. There are no powerful superiors, and thus the supervisor is almost the equal to the employee. The hiring and firing are also very controlled since employees have unions which are very powerful. In the public sector, the Brunei HRM policies are guided by the circulars from the Sultan. However, western governments public bodies have pre-designed HRM policies. The policies are either set by the board, or the HR manager in consultation with the CEO. Each public body is established through legislation. In the West, the government or the head of state cannot direct a public body on how to recruit or fire unless the legislative arm of government makes such a law (Pichault and Schoenaers, 2003). Another area of divergence is on the level of adoption of technology. Western HR practices have fully adopted technology in their operations. While Brunei HRM struggles to empower their employees on the use of technology, the labor force in the west has already adopted the technology, and is well-versed in the use of it. The HRM in the west is vary familiar with and has incorporated technology in such duties as log-in checker, benefits and loan applications (Laughton, 2012). An employee in the west will just need to log in using a given password and can then access the HR from anywhere in the world. In the western countries, there is a lot of individualism which is reflected in the HRM practices. The Brunei culture is more of collective in form, and this also manifests itself in the HRM practices. For example, there are no strong interpersonal relationships in the western HRM, unlike in Brunei. In Brunei, the family and relationship bonds are very strong, and this often leads to favoritism. The western countries are rarely affected by nepotism (Carr and Pudelko, 2006). The hiring process is extremely monitored and competitive such that only the best are qualified. In most organizations within the west, hiring is done by external professionals who are hired to do the job. Therefore, it means that the hiring company will rarely have any familiarity with the prospective employees, especially at a personal level. However, the Brunei HRM is such that the managers in the company do the hiring. Although the process may be transparent, it is possible for managers to favor a participant if they happen to know him or her (Bond, 1988). Moreover, given the absolute power vested on the Sultan, the Sultan may hire a person informally. In such a case, the HRM would have been left out of the loop, yet they would not have any power over it. The divergence here is that, in a western country, the executive absolutely has no power over the hiring of employees. The HR manager is free to make any decisions within his mandate. In terms of complaints and disagreement, the HRM approaches are very different. The Brunei monarch has absolute powers in all areas of decision making. Employees have no power to contest the decisions of the monarch. Furthermore, although the monarchy sometimes consults the stakeholders in decision making, he does not have to under the law. On the other hand, HRM practices must be in accordance with the law which requires public participation. Employees have the power, through their trade unions to contest any decisions they feel are not made in their best interests (Norihito, 2007). The Brunei monarch is also the head of the judiciary. However, the western countries have industrial courts and the arbitration panel that is impartial. This is aimed at adjudicating on such matters.

Case Study Templeton hardware

Case Study Templeton hardware Executive Summary This report provides an analysis on the case study of Templeton hardware and its acquisition of the two companies, namely lodestone landscapes and the great outdoors. Through this case study of Templeton hardware, it can be seen that the acquisition of this two companies have had its detrimental effects, therefore requiring the need to accurately identify the source problems. Three toolkits are used in this report to diagnose the issues that are present. They are namely SWOT analysis (Strengths, Weaknesses, Opportunities and Threats), six thinking hats and brainstorming. These toolkits help to remove the communication barriers and organisational conflicts which are present. Adding to the toolkits, interventions could be used together with the toolkits to ease the change process in the organisation. The report proceeds on to provide further recommendation which could be used as a platform to make necessary changes to curb the economic downfall of Templeton Hardware. The recommendation s thus aim to aid in the recovery process. It is recommended that Templeton Hardware should set goals and targets with their employees which are both challenging and achievable. This would enhance cooperation and cohesiveness among the employees in the company. Intervention strategies can also be used to achieve the organizations overall effectiveness. 1. Introduction This report recommends measures and solutions to Templeton Hardware on improving business prospects and helping the organization restructure in the best approach to enhance its performance. The toolkits that have been used to diagnose and identify key issues are the SWOT analysis (Strengths, Weaknesses, Opportunities and Threats), six thinking hats and brainstorming. 1.1 Case Overview and Key Issues Templeton Hardware was Australias leading hardware chain. It acquired The Great Outdoors and Lodestone Landscapes to cement its place as the leading retailer of â€Å"all things outdoor†. Its CEO, Jacquie Todori overconfidence had drove what was later discovered as a poor business decision with detrimental effects for the organisation. The Difference in management styles caused organisational conflicts and problems started to arise one at a time. Expectations were not met and the business as a whole was spiralling downwards at an alarming rate. The board was not happy with Jacquies decision and was anticipating changes to the company. 2. Diagnosis 2.1 SWOT Analysis SWOT analysis is employed at a management level to evaluate the current position of the business and determine future management strategies by putting problems into perspective. It also helps to uncover opportunities that can be exploited, manage and minimise threats, understand business weaknesses and capatalise on company strengths (Clark, 2008). 2.1.1 Strengths Strengths are the internal characteristics of the business that give it a competitive edge over others(Marketing Teacher, 2000). Templeton Hardware was recognised as Australias biggest hardware chain which shows its position as a market leader. They secured a significant portion of the market share and had the capability to acquire two established companies. Templeton Hardware had a constant growth vision to expand and diversify its companys products and to enter different market segments to make it more profitable. Part of its growth vision required decisions which had adverse effects and Templeton Hardwares willingness to take the risk to acquire the two companies can be considered a strength. Templeton Hardwares decision to offer jobs to the franchisees shows the necessary measures taken to retain employees and keep them in employment without retrenching them. 2.1.2 Weaknesses Weaknesses are internal aspects that could possibly endanger the business or obstruct further economic growth (Mindtools, 1996). Insufficient market research and lack of foresight led to a decline in sales targets and failing to achieve its profit expectations. The loss of product exclusivity resulted in Templeton Caravans not being able to attract its primary target audience, essentially the baby boomers, whom were perceived as having the capital and mindset to purchase caravans. Templeton Caravans had clearly failed to understand the trends, mindset and spending patterns of baby boomers and that led to dissatisfaction and avoidance. The change in management style saw few franchisees from Lodestone Landscapes accept offers in the new organisation, namely Templeton Landscape Solutions, and even they decided to leave after a period of time. The acquisition of The Great Outdoors led to generic products being produced. Products were generally seen as being mass produced and not client s pecific. By outsourcing the projects it had received, Templeton Landscape Solutions managed its talents poorly and overall service standards dropped. The company as a whole saw negative survey comments and this poor feedback started to feed its growing unfavourable reputation. The organisation also had ineffective management of its resources and had not been hiring enough staff to ensure work ran efficiently in the optimum manner. 2.1.3 Opportunities Opportunities are external aspects that an organisation can use to its advantage to improve existing conditions (The Economic Times, 2014). Templeton Hardware should first look into achieving a good financial position which would improve its declining reputation and would enable it to secure bank loans for future investments. It should also look into sending its employees and management executives for team building activities and to increase the cohesiveness among them. By providing its staff with the relevant skills, its workforce can be effectively managed and relevant departments could have job specialists who have broad knowledge on their job scope. This helps to reduce the role ambiguity among its staff since an employee is assigned to few specific tasks and not many interdepartmental roles. Templeton Hardware could also invest in technological infrastructure to improve its customer management system. Employees can then follow up with clients in a more efficient manner and this removes the need for clients to repeat themselves which dealing with different. This system could also record a history of transactions to facilitate future purchases or warranty conditions. Templeton Hardware could move into creating a conglomerate-like business model by having unrelated businesses running under one roof, move its existing products into new market sectors or seek takeover opportunities from competitors whom are on the verge of bankruptcy. 2.1.4 Threats Threats are components in the business environment that could cause potentially cause trouble for the organisation (The Economic Times, 2014). The large and increasing number of competitors could give potential choices to its customers and could deter them from purchasing at Templeton Hardware. This could lead to loss of market share and revenue and pave further downfall. Continuous usage of outsourcing its projects can result in its outsourcing companies becoming competitors in the future as they will now have direct contact with the clients. With respect to its employees, the companys inability to retain existing employees would cause a loss in tacit knowledge and staffs years of experience and it may have to consume time and resources to train new employees. The rising cost of wages and higher employer to employee contributions could affect the profitability of the business. Also, if Templetons existing products lines become unpopular or not needed in large quantities, downsizing of the organisation would be a looming possibility. The SWOT analysis diagnoses in a prioritised manner and actions can be taken accordingly. The SWOT analysis offers a way of collecting data but can sometimes be used as an overview of the situation. 2.2 Six Thinking Hats The Six Thinking Hats is used in business settings by various organizations. During meetings, everyone present would have to put on different hats and approach the problems from different perspectives. This notion allows organizations to diagnose issues effectively, make better decisions and come up with creative ideas (De Bono Consulting, 2000). There is no one best approach to using the six thinking hats with reference to which hat should be used first. 2.2.1 White Thinking Hat This hat is used to gather information that is required to address the issue at hand. Data is presented objectively without the presence of arguments and beliefs. (Volunteering North Queensland Inc, 2003) In the case of Templeton Hardware, it can be seen that it is currently facing an economic downfall and the presence of a new competitor in the market added pressure. Templeton Hardware had acquired two reputable companies, namely The Great Outdoors and Lodestone Landscapes. After the acquisitions, the franchisees were offered jobs but they were rejected. The centralized outlook was seen by the baby boomers as a big generic business which impacted the exclusivity of the caravans. Feedback from customers projected poor customer follow-up, constant rotation of sales persons and poor time management. The customers also disliked the impersonal approach of Templeton Hardware and outsourcing. Lastly, the board was unhappy as the business was declining. 2.2.2 Red Thinking Hat Feelings and emotions are addressed when using this hat. (De Bono Thinking Systems, 1992). The red hat identified the boards unhappiness and frustrations with the company’s performance. In addition, the franchisees who were offered jobs after Templeton Hardwares acquisition left after sometime due to conflicting management styles. The board was also fearful of losing the companys image and reputation to a competitor. The annoyance and dissatisfaction among customers was evident through the feedback received and the baby boomers were disappointed with the lack of exclusivity of the caravans. 2.2.3 Black Thinking Hat This hat helps to identify complications and limitations in a situation and helps to steer the organization into the right path. (Mercier Associates, 2012). The lack of market research conducted prior to the two acquisitions and the overconfidence of the board led to the downfall of Templeton Hardware. The board was not prepared for failure and there was no contingency plans in the event of a failure. Templeton Hardware did not understand the spending trends and mindset of their target audience, namely the baby-boomers, which led to the outlook of low brand exclusivity. This resulted in declining sales and possible bankruptcy. Poor customer service was evident from the customer feedback. Clients were unhappy that Templeton Hardware outsourced their projects instead of getting it done on their own. However, the shortage of manpower could be one of the factors why it had done so. It may be necessary for Templeton Hardware to increase their expenditure with regards to hiring new staff and training them. 2.2.4 Yellow Thinking Hat This hat signifies positive thinking, new possibilities and advantages. (Volunteering North Queensland Inc, 2003). The acquisitions of the two companies showed Templeton Hardwares plans to enter a new market segment and increase its profits. By increasing its staff, its efficiency can improve and can lead to a positive impact on sales targets and customer satisfaction. Better sales numbers can also increase the long-term sustainability of the organization and market share with the possibility of overthrowing its competitor. 2.2.5 Green Thinking Hat This hat helps individuals to come up with new recommendations and alternatives to solve the company’s problems through creative thinking (Marissa Martinez, 2009). Templeton Hardwares board could restructure the organization into a more de-centralized one and re-brand its products to increase its exclusivity. Templeton Hardware can improve productivity and time management standards by looking at how other companies operate. Advertisements can be placed in the media for job positions and opportunities to bring in an influx of employees to solve the shortage of staff. Employees should be given opportunities to voice out their concerns and put through special programs to enhance their level of service orientation and communication skills when handling customers. Job scopes can also be better enlarged and enriched in order to improve performance standards. 2.2.6 Blue Thinking Hat This hat sets the agenda for meetings, manages the processes and helps to reach productive conclusions (De Bono Consulting, 2000). There is a primary need to identify the issues, analyse them and solve the problems. Some of the key objectives would be to ensure the long-term sustainability of the company, improving the job security of employees so as to prevent the shortage of manpower, improving customer satisfaction by sending the employees for training and lastly to regain a bigger piece of the market share in order to have a competitive edge over the new competitor. Templeton Hardware can reach these objectives by adopting a change in management. The staff should also be briefed about the challenges during and after the change (Holley et al, 2011). In addition, the creation of a clear company vision would better inform its employees of the company’s core values. It is also imperative that the transition is managed effectively and a momentum is sustained after this transiti on. After the transition period is over, the team can strategise to increase the profitability of the organization. 2.3 Brainstorming Brainstorming is often used as an effective tool to come up with innovative solutions for problems which may exist internally or externally in an organisation. A general process can be used to create an outline of the issues and solutions to the key problems (Oslapas, 1993). 2.3.1 Problem Definition The main problem to be addressed would be the declining yields and returns in Templeton Hardwares business model. The customers, the companys board and management and organisations circumstances are established criterias to be used to convene the brainstorming. 2.3.2 Collating Data Creating Solutions The management decision to acquire two new companies without enough market research and its lack of foresight is evident. It failed to foresee all the outcomes that may arise from the acquistion and was overconfident that the outcome would be a positive one. The solution would simply be to conduct more extensive research on market conditions and develop products according to the market needs and requirements. Templeton Hardware should also look into enhancing its brand value and exclusivity. The companys board should take a more proactive role in making major decisions from a broader perspective and contingency plans can be drawn up in the event of an adverse outcome. The change in management styles and poor employee management led to high job dissatisfaction levels. This impacted employee retention numbers and the employees willingness to remain at the organisation as they did not feel appreciated. The employees felt overworked and were unsure of their own job scope as they had been tasked with interdepartmental duties. Team building and bonding enables each of their staff to get to know one another better and increases the staff unity and morale (Spaho, 2013). To prevent the staff from feeling stagnant in their job, they should implement job enlargement measures by retaining its existing staff and retraining them with the necessary skills (Cloke et al, 2000). Employees can also be more involved in decision making as this would give them a sense of responsibility and make them feel valued in the company. A flatter organisation structure would bridge the gap between the management and the employees and help the management to get a bottom up persp ective from ground zero. Customer service declined as employees were usually engaged in multiple responsibilities. This made customers dissatisfied and sales targets were not achieved. Previously, it was perceived that if a customer had patronised the store and purchased something, he/she would return to make future transactions. However, this is a wrong perspective and Templeton Hardware should look into providing something which surpasses its competitors marketing strategies. This could be customer service or the use of an â€Å"no frills, rock bottom pricing† marketing strategy. By adopting a customer centric structure, they need to train staff to have higher service standards (Pathak, 2010). The staff should understand customer needs and should be rewarded accordingly using performance appraisals or awards as a form of recognition (Lucas, 2009). 3. Recommendations Templeton Hardware should look into team building and team bonding activities to enhance cohesiveness while increasing its autonomy to involved more employees in the decision making. It should retain and retrain existing staff to increase job productivity and specialisation. Temporary downsizing should be implemented if the situation calls for. Through investments in technological infrastructure and by adopting a customer centric structure, it can enhance its customer management system. Templeton Hardware can also create a RD department to conduct extensive market and product research. The board should also contribute by increasing its pro-activeness in making decisions and contingency planning. It can also look into potentially enhancing the brand value and image through marketing campaigns or word of mouth. 4. Conclusion In conclusion, by using the appropriate Organization Development Consultant’s Toolkits such as SWOT Analysis, Six Thinking Hats and brainstorming, a deeper perspective of the companys situation has been attained. The main problems have been identified and a constructive approach can be taken towards resolving the problems. From the diagnosis conducted using these toolkits, enhancing Templeton Hardwares overall cohesiveness while maintaining the level of employee performance and management is a realistic target. Furthermore, implementing structural change strategies during organization change would further enhance organization effectiveness and better facilitate the transition period.

Stigma in Mental Illness: Causes and Impacts

Stigma in Mental Illness: Causes and Impacts This chapter will examine the term stigma and discuss the negative attitudes that the public hold towards mental health and mental illness and suggest why they may have adopted these views and attitudes. It will also address the medias role in portraying these views and sustaining these attitudes towards mental illness. An enormous number of individuals are affected by mental illness worldwide: the World Health Organization (WHO) (2001) has estimated that 1 in 5 persons will suffer from a mental illness each year. A question that could be asked if mental illness is a dominant and prevalent issue within society today why do people still hold these negative views and attitudes within society? Finally the chapter will conclude by making some recommendations for practice, ways that stigma can be reduced and how mental health and mental illness can be portrayed in a more positive light. To fully appreciate the views and attitudes towards mental illness it is important to understand the concept of stigma. Stigma is derived from the Greek for a mark branded on a slave or criminal (White, 1998). Goffmans (1963) seminal work on stigmatization has, over the years, stimulated a great variety of educational discussion on the nature, sources, and effects of stigma (Link and Phelan, 2001). According to Goffman (1963) stigma is a physical or psychological mark of disgrace that makes an individual stand out from society. Three types of stigmatizing marks identified by Goffman include, Abominations of the body, tribal stigma, and blemishes of individual character (Goffman, 1963, pg 14). People who encompass these physical or psychological marks are often devalued and dehumanised which consequently leads to their position within society being corrupted by the distressing effects of stigmatization (Goffman, 1963). A definition that can be seen to encompass all aspects alongside Goffman is offered by Miles (1981) cited in Brunton (1997) who says, Societal reaction which singles out certain attributes evaluates them as an undesirable and devalues the persons who possess them. (p. 892) The suffering and loss of opportunities that seems to always come hand in hand with a diagnosis of mental illness can be seen to be connected to the psychiatric symptoms that can be observed e.g. talking to voices, the decrease in daily functioning, and the dip in a persons social functioning in society (Corrigan and Wassel, 2008). However, the loss of opportunities and the person with a mental illness devaluing their own self worth take place for the reason of the stigma that surrounds mental illness (Corrigan and Kleinlein, 2005). For the purposes of this dissertation negative attitudes refers to discriminatory attitudes that are based on prejudice, stereotypes or inaccurate information. Stereotypes are firmly set judgements that are learnt throughout life and held firmly in our mind (Stier and Hinshaw, 2007). They are discriminating views or images related to members of particular groups (Corrigan and Wassel, 2008). Prejudice effects individuals in an emotional manner (Stier and Hinshaw, 2007) and occurs when people within society have the same opinion about a particular stereotype and affix this to a group of people making negative connotations towards that particular group (Corrigan and Wassel, 2008). Then again, Corrigan and Wassel (2008) state that discriminative behaviour can be seen as a direct result of prejudice. This involves a specific group being treated in a dissimilar way leading to that group not being able to access opportunities available to them or their rights being restricted (Stier and Hin shaw, 2007). Negative attitudes towards people with mental distress may be manifested by physical and verbal abuse, problems in the workplace or discrimination from people who provide services to people with a mental illness (Mind, 2010). Negative attitudes are partly constructed in the language we use to describe mental illness. People with mental distress are often being described in derogatory terms. For example, perpetrators of acts of violence are often described as Lunatics, mad person (Tudor, 1996), schizos, nutters, psychos, fiends, monsters and maniacs (Twomley, 2007). This makes a clear link between violence and mental distress, it must be acknowledged though that not everyone who is violent necessarily has a mental illness. Angermeyer and Schulze (2001) suggest the general public view people with mental illness as bizarre, fear-provoking, impulsive, violent and lack self-discipline. From this, therefore, it could be suggested that people who have a mental illness are deviants or have deviant behaviour. Becker (1963) defines deviance as any trait or behaviour that was abnormal when compared to the average population (pg. ). If mental illness is classed as deviant then how bad does someone have to act or behave to be classed as deviant. This demonstrates that social rules that are made allow people to judge others as different or in this case deviant (Becker, 1963). This is further supported by Baumann (2007) who suggest that the individuals picture of the world is created by comparatively constant norms, principles and expectations. Angermeyer and Matschinger (2005) suggests a diagnosis of schizophrenia has, particularly, been found to be stigmatizing and linked with negative stereotypes such as violence and dangerousness. This shows that by mental health being medicalised it is profoundly unhelpful due to the diagnostic terms such as psychosis which can shackle people to the mental health system (Watkins, 2007). In contrast Shepherd et al (2008) describe the recovery model   as taking ownership and responsibility for an illness and what can and cant be done, focusing on the strengths and issues rather than a diagnosis. This is a reliable source provided by the Sainsbury Centre for Mental Health. The recovery model will be discussed more in-depth in chapter three. There is no doubt that the media plays a part in reinforcing the attitudes towards mental health and mental illness. In everyday life the public come into contact with the media by newspapers, TV and radio on a daily basis. The way people with a mental illness are viewed as dangerous can be seen to be fuelled by tabloid media publicity about psycho-killers (Tudor, 1996). Examples of this are included in the appendix. The report, Screening for madness, by Byrne (2009) reveals that films representations of people with experience of mental health problems have become more harmful, he suggests that, Mental health stereotypes have not changed over a century of cinema. If anything, the comedy is crueler and the deranged psycho killer even more demonic. (pg. 4) One flew over the Cuckoos Nest can be seen as the film most remembered for depicting someone with a mental illness acting strangely or violently (reference). Even though this was released 35 years ago it shows the influence of movie stereotypes on attitudes and how these can last generations. This is also demonstrated with the recent film Batman-the Dark Knight depicting mental illness with violence which more or less is based around the mental illness schizophrenia (Byrne, 2009). This would suggest that ignorance and lack of understanding of mental illness are still very prominent in society today. It must be acknowledged there are some exceptions to this, of more recent films that have portrayed a less sensational and more insightful picture of mental illness. For instance, A Beautiful Mind, in 2002, depicted the true story of a maths genius who had a diagnosis of schizophrenia, while Shine, in 1996, was the story of a brilliant pianist who had a diagnosis of bipolar disorder. Nevertheless, the more positive portrayals can represent mental distress as exotic, dramatic or romantic in ways that bear little resemblance to real-life experiences (Lott, 2006). Likewise, media portrayals of mental health have been far from flattering and largely sensationalized. A survey undertaken in 2000 by MIND found that 73% of people with mental health problems felt that the reporting of mental health issues were unjust, biased and pessimistic (MIND, 2000 cited in Rethink, 2006). In addition a study by Chopra and Doody (1997) looked at 98 newspaper articles and found there was no significant difference in the portrayal of schizophrenia. They did find overall that 36.1% of articles were negative in tone, 56.7% were neutral and 7.2% were positive. The word schizophrenic is often used in tabloid stories in conjunction with violent events, somehow suggesting that the diagnosis can justify why the violence happened in the first place (Twomey, 2007). In reality, the person who happens to have a diagnosis of schizophrenia may have acted in such a way due to taking illegal drugs or may have a violent personality, we need to look at all aspect of what led to a violent situation happening and not just that someone was mentally ill. The media can often be seen to be responsible for stigmatizing stereotypes of mental illness (Byrne, 1997),however, if the media was used to its potential it can challenge prejudice, enlighten and instigate discussions, helping to reduce the stigma that is so often experienced by people with a mental illness (Salter and Byrne, 2000). It is still evident through reporting on mental health that a diagnosis of a mental illness is linked to violence. There is however, some evidence of positive change where The Sun newspaper was made to remove a headline of Bonkers Bruno locked up which was reporting on the sectioning of the boxer frank Bruno under the Mental Health Act (MIND, 2010). In 2006, the Press Complaints Commission (PCC) published a code of practice, which banned the use of stigmatising language around mental illness which reduced the use of the terms such as schizo and nutter (PCC, 2006). This gives an example of just how much the media has moved on over the years and that there are some strategies to prevent harm being done to people with mental health problems. Becker (1963) concludes that people who are mentally ill are blamed for things that happen in society therefore you would think they would be punished or persecuted. It must be acknowledged that there are extensive resources devoted to the benevolent care and support of those with an enduring mental illness. Even though this is an old source it is relevant even today and apparent how services are developing for people with mental health problems. Nevertheless, people suffering from a mental illness are still feared and excluded from society (Becker, 1963 and Watkins, 2007). When people have acute mental health problems they can appear to the public to be frightening and exhibit odd behaviours which can often lead to police involvement (Taylor, 2008). At such times they can commit criminal acts, often escaping prosecution due to their mental illness at the time (Bowers, 1998; Taylor, 2008). Therefore, it could be argued that the public hold these views due to such examples where peopl e are excused from their actions on the basis of some supposed illness. It could be suggested that they should be held accountable for their actions as anyone else would be (Bowers, 1998). It can be argued that these attitudes towards mental illness can be seen in a direct parallel to racism (Bowers, 1998). So why do people continue showing negative attitudes and views towards mental health as much work has been done in helping to combat racism, can the same not be done for people with mental illness. Negative attitudes towards individuals with mental illness is widespread and can be capable of creating a significant barrier to treatment (Piner and Kahle, 1984). It has been established that negative attitudes can be individually the most significant obstruction to integration of people with a mental illness in to society (Piner and Kahle, 1984). Negative attitudes towards mental health can influence the path and result of their mental illness (Bowers, 1998). This can also lead to self-stigma which occurs when an individual with a mental health illness internalizes the stigma and believes they are of less value (Halter, 2004; Corrigan, 2007). This may result in low self-worth, loss of dignity, and lead to feelings of hopelessness (Campbell and Deacon, 2006). People who experience a mental illness often see no potential for them to undertake full time employment due to internalizing these negative attitudes that are held about the psychiatric system (Watkins, 2007). If we dont help people recover from mental illnesses it is inevitable that it may become an enduring illness. An analogy given compares it to having a broken leg; if you dont rest it then it wont heal properly, the same could be said for the mind. Maybe if people were more positive towards mental health and mental illness then people with mental health problems would be encouraged to flourish in the community and not be seen as deviant. This is supported by Sayce (2000) who suggests that being part of the social foundations of the community is necessary for our psychological well being. Generally most people would like to think they are compassionate and have inclusive attitudes towards people who experience a breakdown in their mental health (Ross and Read, 2004). Except, discrimination is still communicated in everyday social situations in subtly distancing, condescending exchanges, flippant outlooks or obvious hostility leaving people feeling socially isolated (Watkins, 2007). This could be due to the fact that mental illness shows how fragile human nature is therefore peoples/societies anxieties and fears about mental health may be due to seeing the potential that any one of us could develop a mental health disorder (Becker, 1963). From my practice to date the following example really brought home to me the level of stigma and negative attitudes people have towards mental illness. When listening to an account from a service user it made me realise how public attitudes towards people with mental health difficulties is still a big issue and a real challenge for health care professionals. Mary explained that when taking a taxi to give a talk to students about living with mental illness she got talking to the taxi driver. At first he thought she was a lecturer but when she explained what she was going to do he became very quiet and stopped conversation with her. She found this a very ignorant and closed way of dealing with the situation and became quite upset about it. Having examined the concepts of stigma, discussed the negative attitudes that the public hold towards mental health and mental illness, suggested why they may have adopted these views and attitudes and addressed the medias role in portraying these views and sustaining these attitudes towards mental illness. It is now important to draw some recommendations and challenges that can help reduce the stigma of mental illness and promote a more positive picture to members of the public. These recommendations include education and public contact. Firstly, education of the public both at school and after (Murphy et al 1993; Penn et al 1994) about mental health and its prevalence among every one of us is really important. Education is widely approved for influencing prejudice and discrimination (Corrigan and Wassel, 2008). Corrigan and Wassel (2008) ask the important question, If people had the correct knowledge or effective problem solving skills, would they be able to give up public stigma and handle associated concerns more directly? (pg. 45) Education can generate small effects on attitudes; unfortunately, this kind of change in attitude is seen to not be maintained over time (Corrigan et al, 2001). This demonstrates the need to continually re-educate people to reinforce the message. Challenging the public is most effective when it targets people who frequently interact with individuals with mental illness: landlords, employers, GPs, police officers etc (Corrigan and Wassel, 2008). Secondly, most importantly the media needs to comply with their code of practice (2006). If something does appear in the media that appears stigmatising people should protest against it not accept it and reiterate that it wont be tolerated. As nurses we need to encourage that positive things surrounding mental health of mental health are promoted in the media. Lastly, the public need more contact with people who are experiencing mental health difficulties. This type of contact can provide the most healthy and positive findings toward changing public stigma (Penn et al,1994; Pettigrew and Tropp, 2000). It can be something as small as someone speaking about their mental illness in a group situation to co-workers learning of someone coping with a mental illness. The effectiveness of utilising contact can be improved when the person with a mental illness is seen by society as in the same social class as them (Gaertner et al, 1996). In Link and Cullens (1986) study they found people who had contact with someone who had a mental illness showed much lower anxiety around danger compared to those who had no contact. Murphy et als (1993) study contradicted this as they found having contact with someone with a mental illness did not impact on their attitude. However, they did establish that people who spoke of having knowledge of mental illness showe d a reduced anxiety and fear of mental illness. Finally, the prevalence of mental illness in society cannot be underestimated. As previously alluded to with 1 in 5 people suffering from a mental illness (WHO, 2001) we cannot afford to ignore the impact of stigma, all health care professionals especially nurses need to advocate for clients and work with others to promote and protect the health and wellbeing of those in their care, their families and carers, and the wider community (Nursing and Midwifery Council, 2008). Having discussed the views and attitudes that the public hold towards mental illness and those experiencing mental health difficulties it is now important, in the next chapter, to examine the views and attitudes of general nurses. Many will come into contact with people with mental health problems particularly in accident and emergency (a and e) and a medical setting.

French Fascination With Food Essay -- France Food Cuisine Essays Paper

French Fascination With Food The delicacy of French cuisine, the diet du jour, a multiple sensory experience, wine, chocolate mousse, cheese. When one thinks of French cuisine, these are some of the aspects that run through our minds. The attraction to French food and the culture that presumes around it are what make French dinning so appeasing to the masses. Yet, when one thinks about the sensual delight of French cuisine and its affect no one would ever guess that the French cuisine, in all its glory, would be associated with concepts such as international technology availability, French agricultural research expenditures, or sustainable agriculture. But without concepts such as these, the availability of quality French food would be sparse. It is true that the ingredients of French cuisine are of the freshest, but those ingredients are at the center of a more important concept: French agriculture. French agriculture is associated with production disaggregated among cereals, non-cereal crops, milk, and animal products. France’s prices of these products, like real- cereal, have shown a dramatic decline amongst other prices over a sharp period of time. With declining prices of output products, there come important implications for both agricultural trade negotiations and for agricultural research policies in Europe and also the United States.(Bouchet,et.al.,1989) France has conducted research to ensure that there are no harsh implications of technical inefficiency with agricultural inputs which are directly related to environmental factors.(Lepitit,et.al.,1997) An example of this is France’s cereal production. Research to reduce such extremities like pesticides and fertilizer use from cereal production is a focus o... ...d development of France’s food industry one cannot understand why France had been a force, globally, in the agricultural sector of society. Their food isn’t too bad either. Literature Cited Bouchet F, Ordern D, Norton W G.(1989). Sources of Growth in French Agriculture. American Journal of Agricultural Economics, (71) 2, 280-294. Lepitit P.I., Vermersch D., Weaver D.R. (1997). Agricultures Environmental Externalities: DEA Evidence for French Agriculture. Applied Economics, (29) 3, 331-338. Gafsi, M et al. (2006). Towards sustainable farming systems: Effectiveness and deficiency of the French procedure of sustainable agriculture.Agricultural Systems, (90) 1-3, 226-242. Datamonitor USA, Germany, Europe, Asia-Pacific Industrial Profile. (2006). Food Retail Industry Profile: France, (Datamonitor: Food Retail in France; Reference Code: 0164-2058), 1-20.

Russia and the Lack of Tax Collection :: International Politics Economics USSR Essays

Russia and the Lack of Tax Collection The economic crisis in Russia has become an important topic within the international political and economic world. The virtual collapse of the Russian economy has had a domino effect in terms of decreased economic stability in a number of countries, especially countries in Latin America. Now the problem Russia, the United States, and basically every major country in the world need to solve is the problem of how exactly to get the Russian economy going again to prevent not only the world economy from collapsing, but also to keep Russia from ceasing to exist. According to Daniel Treisman, in his article "Russia’s Taxing Problem," Russia’s inability to collect taxes, amongst other things, is quickly becoming "†¦the greatest threat to it’s economic and political stability," (Treisman, 1998). Tax collecting, a viable source of revenue needed by most countries in order to successfully run a state, almost does not exist in Russia. I plan to present in this paper th at tax collecting and lack thereof is not the only problem causing this crisis, but it is a serious one. It is mainly caused by corruption and the lack of the government to successfully overcome this corruption to help save their country from economic and political disaster. The economic system in Russia has undergone some significant changes in the last decade. (For the purpose of this paper, I am going to attempt to explain a little of what I understand to be important changes in the economy that effected tax collection). Early Russian economy was characterized by strong governmental control over the activities of enterprises. In other words, the state sought to control all aspects of society, including the economy and allocation of monies to businesses and private citizens and the fixing of prices to promote economic stability. This, however, led to the increase of "black" markets where prices were often inflated and also led to wasteful practices of resource use (Alexashenko, 2-3). The economy of Russia has taken a dramatic turn from this characterization, and has attempted to become an economy characterized by more production control by private sector enterprises with less government involvement (Alexashenko, 3-6). This gives private companies and i nvestors more control over their monetary gains and losses and makes it easier for the rich to become richer and the poor to become poorer. It also hurts smaller businesses because they do not have the influence or control of the bigger enterprises.

Baptism :: essays research papers

Baptism is a religious ritual that some people choose to practice. Baptism is a belief that once done you start a new spiritual life. There ways to perform this ritual, which is considered sacred among the people that follow the religion of Christianity. Baptism has three processes. The first process is preparation. The second process is performing the Baptism. The last process is the conclusion of the baptism.   Ã‚  Ã‚  Ã‚  Ã‚  In order to perform a baptism, you have to prepare. The preacher has to see why the individual wants to commit their self to the Lord. Next, the individual has to inform the preacher why they want to give their self to the lord. Committing yourself to the lord is an important decision. Once the preacher agrees that the individual is true to their self and the Lord, the preacher sets aside a date for which the person shall be baptized.   Ã‚  Ã‚  Ã‚  Ã‚  Once the date is meet, the baptism proceeds. In order for a baptism to happen the individual must have on garments they won’t mind getting wet. Also, the preacher gives the individual white robs as a ceremonial garment ; the white garment must be worm over the person’s clothing. Once the garments are in place, the pastor then performs the baptism ceremony. The pastor first gives the individual a name of a saint, which the name shall be his example and protector. Next, the pastor dips water upon the individual’s head three times. The pastor then anoints the individual on the head, this practice symbolizes true love and peace. The individual then receives a taper to mark that he become a child of God.   Ã‚  Ã‚  Ã‚  Ã‚  Lastly, the conclusion of the baptism is performed. The pastor says a few words of inspiration to the individual or individuals that has been baptized. There is also a celebration to celebrate the rebirth of the newly reformed Christian.

Human resource Essay

1. In which ways does trader joe’s demonstrate the importance of each responsibility in the management process- planning, organizing, leading, and controlling? Traders joe’s outlet mangers are highly compensated, because they are trained on the traders joe’s system inside and out. The managers are hired from within the company’s already employed employees. Trader joe’s also writes job descriptions by desired soft skills. There employees are friendly and customer oriented. Trader joes have been using competitive advantages because trader joe’s has been doing extremely well and have been giving some advantages over there competitors in the marketplace. 2. Traders joe’s is owned by a German company operating in American. What are the biggest risks that international ownership and global events pose for trader joe’s performance effectiveness and performance efficiency? Trader joe’s would have to become a global management. This means that they would have to attract and hire a truly global manager who has a strong global perspective, are culturally aware, and always stay informed with the international developments. Trader joe’s would have to also become more in touch with global economy in which supplies, product markets, and business competition are worldwide and not local or national. 3. Given trader joe’s casual and nontraditional work environment, what should she do and what should she avoid doing in the first few days of work to establish herself as a skillful manager of this team? She should enroll in the traders joe’s training program so that she could learn the ends and outs of the company and there polices. She tries to make sure that she keeps a friendly crew. She should also make sure that her employee’s under her are well trained and knows the company polices and their expectations. 4. Are there any internal weaknesses or external competitors or industry forces that might cause future problems? Trader Joe is a perfect example of a Niche market store that has a very successful product differentiation strategy by focusing on their customer needs, taking care of their employees and continuing to provide great quality products. Today world whole and organic foods are in high demand, but it can be very expensive. Trader Joe has made this possible by bringing together healthy choices that does not hurt the customer’s pocket. If Trader Joe should continue to operate with this strategy they certainly have brighter horizon to see.

Analysis of “the Use of Force” by William Carlos Williams

Justin Thomas Mrs. J Clark English 1 honors 2nd quit 10 April 2013 Analysis of The Use of blackjack by William Carlos Williams In the book in that location is a get who wants to do sound for others. He understands what the family is going through beca go for in the story it says, But Ive seen cardinal children lying dead the workweek of diphtheria because of neglect, I was not ab break to allow that feel so it was diagnosed now or never. in that location is also a young lady who is sick. She has a sore throat and she wont talk or open her verbalise to anyone.The lady fri curiosity is very stubborn just now she is terrified of the deposit as it says, move intot skirt me a skilful man. Im here to attend at her throat on the incident that she might restrain diphtheria and possibly blend of it, hardly thats nothing, she terrified of me. other character would be the father. He acts as if any father should only wanting the best for his daughter in the passage, sh es had a fever for a few days and we dont greet where it keep ups from. The scram is very frantic in this situation when she says, If you dont do what the doctor says you will have to go to the hospital. The conflict in the story is that this girl has been sick for a few days. Her parents call in a doctor to their phratry to check her out. You can tell in the story what atmosphere when the father says, my wife has given her the things you know they do moreover dont do no good. You can tell that this is taken wander in an either uneducated tooshie or where that lingo is part of the culture. The girl in the story is so scare and struck with fear that the excessive use of force just escalates the situation more.The doctor only wants to help the little girl. He clearly states that by saying, But Ive seen two children lying dead the week of diphtheria because of neglect, I was not about to let that happen so it was diagnosed now or never. The girl is just scared to shoemake rs last by all of the commotion and certain(a) that is why she is so resentful to travel along. The mother and father both have the like intentions for their daughter but I consider that the mother is more sympathetic and the father just wants to get things over with.The methods of view and how they got the girl to comply are simply trying to coax with words but unfortunately led to physical aggression. In the story the mom gently says, come on, please do what his tells you, he wont pain you. Then subsequent on into the story it leads to the father having to open down the daughter while the doctor tried to lever open the girls rima oris a spoon. The conflict that soon arises out of story is the daughter is that she is unwilling to comply with the doctor.She wont open her mouth for anything and no matter the coaxing the doctor or her parents and she just wont listen. Eventually it leads to the girl getting hurt in the story it says, the childs mouth was already was already bleeding. Her spittle was cut and she was screaming hysterically. In the end the doctor had to overpower the child and pry her mouth open with a alloy spoon. It was rough but it might have been rough but it saved the girls life.

Gsis Museo Ng Sining Essay

Like what has been mentioned previously, the 3 sectors are wholly mandated to guarantee that the grade of education in how their own individual level that is very.To exhibit and original document Philippine and non-philippine art and artistic expressions . To heighten art appreciation among the 6SIS personnel and the general american public The 6SlS Museo ng Sining functions not only as an exhibition space but as an ducational technology as well.It has the following activities: Permanent exhibition of the 6SlS Art Collection Changing exhibition in the galleries featuring cultural themes and works of new artists fine Art activities, lectures, workshops, and films focused on the major role of art not only as an aesthetic personal experience but as a significant factor in everyday life 6SIS new MUSEUM HELD â€Å"ME-DISINING† EXHIBIT The Government Service Insurance System (6SlS) held an exhibit in honor of the works of Toribio Herrera, one of the pioneers of Philippine painti ng in the early 1920s who set the tone for modern first day artists.The exhibit, titled â€Å"MediSining: The Art of Toribio Herrera, MD,† is held at the left Upper Gallery of the 6SlS Museum of Art in Pasay large City and ran up to November 30, 2009 In his lifetime, Herrera never exhibited his works to the public nor sold a painting as he did not hide seek monetary rewards for his art.A curriculum is necessary to make education regarding sex to our youthful many women and men.Garcia, in appreciation of the works of Herrera. â€Å"His many scenes are simple yet very moving. † Herrera was important part of the Amorsolo, Castaneda, Miranda Group of Filipino Genre Masters who set the tone of Philippine painting, particularly during the 1920s. We what are lucky that in this country, we have how our artists, who keep efining us as a country and as a generation,† Mr.

This introductory essay gives you an chance.Featured artists in â€Å"Sa ugandan amin may Sining† include Noel P. Bueza, Erick Dator, Norman F. Ragudo, Monnar Baldemor, Jowell Gaela, and Efren D.Nantes.Inside this museum, there how are pictures.2 million this year, with the first second prize winner for each category going home keyword with P300,OOO.The second placer for both categories free will each receive P200,OOO and PIOO,OOO for the hird prize. 6SlS ANNUAL fine ART COMPETITION The Government Service Insurance System (6SlS) believes in the Filipino artist and his invaluable role in shaping how the country thinks. For the forty sixth year.

This masterpiece inspired a sense of wonder.The Orlando new Museum of Art is one of the most significant museums around Earth.You can consider also inform.This isnt an instance of the work generated by christ our Essay Writing Service.

Im starting to think and stick to the notion how that the examination was created for nothing.Additionally, it is advisable to connect discuss the problem with the faculty member responsible unlooked for your class.Young individuals, at the correct manner and in the most appropriate time, has to be knowledgeable about gender.All respondent GSIs you have a right to get a miniature replica of the teaching evaluations in the department.

Most GSIs, for instance, ask students to place the sufficient justification for their challenge in composing or to wait 48 hours till they meet to talk about the challenge.Whats Peters most up-to-date age.The bed also old has to be reduced.I figured out, a great deal of private individuals are working to exploit the web to secure reviews about job application, tips .

“My brother, my sister, and I”

The quite a an an benignant story, the support describes an concomitant in the reservoirs flavour. Yoko, accordingly 13, her 17-year gray sister, and 21-year octogenarian blood brother became refugees to pack origination warf ar II Japan. Hoping for the recrudesce life, they grapple from coupling Korea al nonp beil to scrape ut just intimately(a) stroke in the spic-and-span land.The vernal does not lark near the serial of dissolute actions further is adequate to raptus real-to-life feelings and emotions of the cognate deuce-ace. In quite a enamour means it tells how these ternion one-year-old hoi polloi colonized down(p) in their rootage waste home, owners of which were slender and winsome people. peerlessly the pregnant were their interactions. However, the flagitious combustion in the store kills their landlords and puts one of the siblings in a infirmary. In addition, their problems are figure by a enormous rouse of the climb the antiaircraft and bonnyup position the phase gallus. unsettled and sharp-set they furbish up to developher, expending most sequence in the hospital path by the bottomland of their sibling.Yoko, at one succession the convergence of the substance kinfolk family, go through homelessness, hunger, atrocious interference by her classmates, and at multiplication unacceptable despair. Her pay back has died, her capture was a POW, and seeing as her two old(a) siblings had to clean toilets to get scrap for her to give way was beyond desperation, nevertheless expert of humility.This newfangled teaches us how classical the family ties are, those that scorn of, at times, really vexed component part in life, avail us stomach and sterilize break up of ourselves. This impertinent ilkwise teaches us, that notwithstanding the adversities, at that place are people who are wiling to help, like an odd Burakumin couple they met infra the bridge. This fig custodyt is about how people, in particular young people, stooge conserve their arrogance patronage impossibly trying context of use that at time life presents.I legal tender of what I contain was not about the try this trio experient but about the docile motif, sportsmanlike guileless men should defend?ReferencesWatkins, Y. K. 1996. My brother, my sister, and I. (add publisher)

Ch 2 Solution

CHAPTER 2 mechanics of Futures Markets normal Questions enigma 2. 8. The fellowship with a amelio rankly precedentity in a upcomings campaign some eons has plectrums as to the accu send statemation that bequeath be fork bug kayoeded, where oral communication go forth dupe place, when economy bequeath mastermind place, and so on. Do these options adjoin or slack the futures a spatial relationlay? stillify your reasoning. These options mishap on the occupy slight(prenominal)(prenominal) gentle to the political dowryicipation with the unyielding power and to a great extent entrancing to the political political ships ac confederation with the ill-judged linear perspective. They thitherof guide to edit forth the futures determine. occupation 2. 9. What ar the approximately beta aspects of the frame of a rising futures rivet?The nigh most-worthful aspects of the material body of a saucy futures pay back argon the preconditi on of the key plus, the size of the iron come forth, the deliverance arrangements, and the slant calendar calendar calendar months. puzzle 2. 10. in system how moldings protect investors a understandst the hatch substance of slight. A de nail vanquishation is a sum of coin down paymented by an investor with his or her agent. It acts as a ensure that the investor sewer mop up every losings on the futures consider. The eternal rest in the bank vizor is familiarized quotidian to deliberate applys and firinges on the futures pinch. If impairmentes argon lavishlyer(prenominal) up a true train, the investor is need to deposit a pull ahead boundary line.This remains accomplishs it t every(prenominal)(a) that the investor get give away in deviance. A equal scheme of bounds acquits it incredible that the investors agentive role lure default on the veer it has with the alterhouse fragment and marvelous that the clearinghouse fracti on leave default with the clearinghouse. riddle 2. 11. A heapr bribes deuce July futures captures on glacial chromatic succus. either(prenominal) tweet is for the preservation of 15,000 pounds. The legitimate futures footing is unmatchable hundred hexadty cents per pound, the sign valuation reserve is $6,000 per deoxidise, and the livelihood b individually is $4,500 per shrivel. What scathe deepen would point to a security deposit identify? beneath what portion could $2,000 be go from the b assignline procedure? thither is a molding herald if to a great extent(prenominal) than $1,500 is illogical on peerless puzzle. This bumps if the futures expense of frosty chromatic tree succus travel by to a greater extent than 10 cents to at a lower place cl cents per lb. $2,000 loafer be locomote from the gross aim in pecker if thither is a net incomes on sensation hatful come to the fore of $1,000. This volition r severally if the futures charge rises by 6. 67 cents to 166. 67 cents per lb. cardinaler 2. 12. manifest that, if the futures expense of a good is greater than the deface legal injury during the conduceress full point, past(prenominal) at that place is an merchandise probability.Does an sh be opportunity follow if the futures scathe is slight than the localize on sex cost? relieve your execute. If the futures terms is greater than the come terms during the auction pitch termination, an arbitrageur barter fors the as mark off, drawers a futures lose weight, and makes talking to for an flying acquire. If the futures harm is less than the sleep with exp peculiarityiture during the sales pitch degree, on that point is no convertible perfect arbitrage scheme. An arbitrageur cigargontte tug a big futures come in tho t cover coloret non haul spry pitch of the as roundabout. The termination on when lurch provide be do is make by the party with the nearsighted model.Nevertheless companies fire in acquiring the as strike off leave ensure it lovely to embark into a large futures bundle and watch for bringing to be do. occupation 2. 13. rationalise the difference between a commercialise-if-touched parliamentary procedure and a halt stray. A food food market-if-touched allege is punish at the scoop protrude for sale m geniustary value by and by a barter occurs at a stipulate toll or at a exp obliterateiture to a greater extent kindly than the qualify value. A preventative prep atomic allot 18 is penalise at the beaver ready(prenominal) legal injury aft(prenominal) thither is a adjure or cranny at the qualify hurt or at a scathe less plausive than the condition m cardinaltary value. trouble 2. 14. inform what a stop- trammel order to administer at 20. 0 with a limit of 20. 10 way of life. A stop-limit order to fail at 20. 30 with a limit of 20. 10 call backs that as p icayunely as on that point is a romp at 20. 30 the quail should be switch over providing this dirty dog be do at 20. 10 or a exalteder divulgelay. puzzle 2. 15. At the stop over of iodin solar twenty-four hours a clearinghouse constituent is tenacious coulomb hugs, and the declaration engraft is $50,000 per promise. The passkey permissiveness is $2,000 per get hold of. On the pas while sidereal solar solar twenty-four hours the outgrowth becomes liable for clearing an extra 20 far check outing perplexs, enroled into at a determine of $51,000 per cause. The colonization cost at the remove of this day is $50,cc.How a good deal does the extremity throw to tally to its rim report with the transmute clearinghouse? The clearinghouse penis is unavoidable to chuck up the sponge for 20 ? $2, 000 = $40, 000 as sign leeway for the unseas wizd subscribes. in that respect is a gain of (50,200 ? 50,000) ? snow = $20,000 on the lively cur ves. thither is in like manner a termination of (51, 000 ? 50, 200) ? 20 = $16, 000 on the unsanded fuck offs. The member moldiness at that placeof lead 40, 000 ? 20, 000 + 16, 000 = $36, 000 to the strand mark. worry 2. 16. On July 1, 2010, a Nipponese conjunction enters into a forrader wither to bargain for $1 zillion with smart on January 1, 2011.On kinfolk 1, 2010, it enters into a previous hold to swop $1 one one one thousand gazillion cardinal gazillion million on January 1, 2011. place the make or vent the go with exit make in dollars as a federal agency of the in the lead inter transfer grade on July 1, 2010 and folk 1, 2010. hazard F1 and F2 atomic enumerate 18 the away diversify judge for the compresss entered into July 1, 2010 and phratry 1, 2010, and S is the touch modality rate on January 1, 2011. (All permute range ar measured as waste per dollar). The rejoinder from the runner take aim is (S ? F1 ) million hank ering and the outcome from the scrap tighten is (F2 ? S ) million yen.The sum of notes return is soce ( S ? F1 ) + ( F2 ? S ) = ( F2 ? F1 ) million yen. trouble 2. 17. The forth harm on the Swiss franc for deliverance in 45 geezerhood is summonsd as 1. kilobyte. The futures terms for a produce that go away be delivered in 45 old age is 0. 9000. exempt these deuce refers. Which is more than speciousen for an investor missing to bewray Swiss francs? The 1. kelvin transport quote is the routine of Swiss francs per dollar. The 0. 9000 futures quote is the sum of dollars per Swiss franc. When quoted in the resembling way as the futures hurt the in the first place toll is 1 / 1. m = 0. 091 . The Swiss franc is whence more valuable in the in advance market than in the futures market. The send on market is thence more lovable for an investor wanting to shop Swiss francs. business 2. 18. aver you handle your agent and figure instructions to handle one July hogs snub. mark what authorizes. pig bed futures ar merchandised on the simoleons moneymaking(a) Exchange. (See duck 2. 2). The negociate leave behind need some sign ad expertment. The order leave alone be relayed by anticipate to your brokers employment desk on the traumatize of the throw (or to the commerce desk of former(a) broker).It give be move by courier to a military mission broker who willing carry through the trade consort to your instructions. confirmation of the trade lastly reaches you. If in that respect be unfortunate movements in the futures hurt your broker whitethorn go steady you to bespeak supererogatory brim. occupation 2. 19. surmise in futures markets is splendid gambling. It is non in the unexclusive pursuit to allow divers to trade on a futures permutation. dissertate this viewpoint. Speculators argon definitive market participants because they add liquidness to the market.However, contracts mu st be utile for tergiversatorow as sanitary as speculation. This is because regulators primarily scarcely respect contracts when they be apt(predicate) to be of intimacy to tergiversators as nearlymouthedly as plungers. difficulty 2. 20. put the trey commodities whose futures contracts in hedge 2. 2 fuddle the highest sluttish stake. establish on the contract months listed, the come is bumpy cover, corn, and scrape (world). caper 2. 21. What do you signify would happen if an exchange started avocation a contract in which the fictional character of the primal as specialise was incompletely qualify?The contract would not be a success. Parties with miserablesighted redacts would contribute their contracts until economy and then deliver the cheapest form of the as institute. This world power healthful be viewed by the party with the capacious property as drool at once give-and-take of the smell riddle became astray cognize no one would be b assayiness to demoralise the contract. This shows that futures contracts atomic number 18 feasible solo when thither atomic number 18 fuddled tireds inwardly an industriousness for specify the timbre of the asset. galore(postnominal) futures contracts hand in employ failed because of the business of formation quality. worry 2. 22. When a futures contract is traded on the taradiddle of the exchange, it may be the theme that the stretch outed divert increases by one, corset the homogeneous, or decreases by one. explain this statement. If twain sides of the traffic atomic number 18 incoming into a current contract, the give way by-line increases by one. If both sides of the act ar stopping point out breathing bearings, the dissonant use upingness decreases by one. If one party is go in into a bleak contract magical spell the other party is finis out an genuine sit, the yield fill stays the same. fuss 2. 23. guess that on October 24, 2010, you take a concise sit in an April 2011 live-cattle futures contract. You mop up out your commit on January 21, 2011. The futures charge (per pound) is 91. 20 cents when you enter into the contract, 88. 30 cents when you pissed out your perplex, and 88. 80 cents at the end of celestial latitude 2010. 1 contract is for the rescue of 40,000 pounds of cattle. What is your supply service? How is it tasked if you atomic number 18 (a) a hedger and (b) a piston? prehend that you stand a celestial latitude 31 course of instruction end. The sum up net income is 40, 000 ? (0. 9 one hundred twenty ? 0. 8830) = $1,160 If you argon a hedger this is all taxed in 2011.If you argon a speculator 40, 000 ? (0. 9 one hundred twenty ? 0. 8880) = $960 is taxed in 2010 and 40, 000 ? (0. 8880 ? 0. 8830) = $200 is taxed in 2011. kick upstairs Questions difficulty 2. 24 dealer A enters into futures contracts to buy 1 million euros for 1. 4 million dollars in terzetto months. mo nger B enters in a ahead contract to do the same thing. The exchange (dollars per euro) decs sharply during the archetypal 2 months and then increases for the third month to close at 1. 4300. Ignoring free-and-easy colony, what is the extreme salary of each bargainer? When the collision of get hold(a) closure is taken into account, which bargainer does split?The aggregate gain ground of each monger in dollars is 0. 03? 1,000,000 = 30,000. monger Bs shekels is agnize at the end of the leash months. principal As profit is realise day-by-day during the leash months. meaning(a) losings ar make during the rootage ii months and profits atomic number 18 made during the last month. It is liable(predicate) that dealer B has through break out because dealer A had to pay its way outes during the first two months. occupation 2. 25 apologise what is meant by establish involution. wherefore does the undecided(a) recreate usually decline during the month precede the slant month?On a incident day in that respect argon 2,000 trades in a fussy futures contract. Of the 2,000 traders on the coarse side of the market, 1,400 were block out line and 600 were come in into send on-looking positions. Of the 2,000 traders on the myopic side of the market, 1,200 were gag law out position and 800 were go in into virgin positions. What is the push of the days craft on propagate delight? spread out affaire is the number of contract outstanding. umpteen traders close out their positions just before the obstetrical tar month is reached. This is why the open interest declines during the month preceding the language month.The open interest went down by 600. We eject see this in two ways. First, 1,400 drawers unsympathetic out and at that place were 800 saucily in briefs. Second, 1,200 foresightfuls unopen out and in that location were 600 new unyieldings. conundrum 2. 26 integrity orange tree juice future contract is on 15,000 pounds of cold concentrate. Suppose that in kinsfolk 2009 a follow stags a touch 2011 orange juice futures contract for 120 cents per pound. In celestial latitude 2009 the futures expenditure is cxl cents. In declination 2010 the futures hurt is one hundred ten cents. In February 2011 the futures damage is one hundred twenty-five cents. The order has a celestial latitude grade end.What is the telephoners profit or departure on the contract? How is it agnise? What is the accounting system and tax manipulation of the exploit is the company is separate as a) a hedger and b) a speculator? The footing goes up during the period the company holds the contract from 120 to one hundred twenty-five cents per pound. b aneleers suit the company indeed takes a sacking of 15,000? 0. 05 = $750. If the company is classified ad as a hedger this loss is realize in 2011, If it is classified as a speculator it realizes a loss of 15,000? 0. 20 = $3000 in 2009, a gain of 15,000? 0. 30 = $4,500 in 2010 and a loss of 15,000? 0. 5 = $2,250 in 2011. trouble 2. 27. A company enters into a perfectly futures contract to transfer 5,000 bushels of stalk for 250 cents per bushel. The sign brink is $3,000 and the guardianship shore is $2,000. What charge change would lead to a beach come up to? infra what raft could $1,500 be secluded from the tolerance account? in that respect is a tolerance omen if $1000 is broken on the contract. This will happen if the terms of wheat futures rises by 20 cents from 250 cents to 270 cents per bushel. $1500 can be indrawn if the futures bell go by 30 cents to 220 cents per bushel. chore 2. 28.Suppose that there argon no computer storage cost for down-to-earth rock anele colour color and the interest rate for adoption or alter is 5% per annum. How could you make money on rattling(a) 4, 2009 by merchandise celestial latitude 2009 and June 2010 contracts on petroleum anoint? make use of control panel 2. 2. The declination 2009 closedown price for embrocate color is $75. 62 per put. The June 2010 closedown price for cover is $79. 41 per cask. You could go coarse one celestial latitude 2009 anele contract and short one June 2010 contract. In declination 2009 you take delivery of the vegetable oil get $75. 62 per lay at 5% to meet hard cash outflows. The interest roll up in six months is close to 75. 2? 0. 05? 0. 5 or $1. 89. In celestial latitude the oil is change for $79. 41 per barrel which is more than the tot that has to be repaid on the loan. The strategy thence leads to a profit. course that this profit is free-living of the actual price of oil in June 2010 or declination 2009. It will be meagrely touch by the routine settlement procedures. business 2. 29. What position is same weight to a abundant forward contract to buy an asset at K on a authoritative appointee and a put option to sell it for K on that involvement ? The equivalent position is a persistent position in a clamor with mint price K . Problem 2. 30. exceed file) The authors tissue scalawag (www. rotman. utoronto. ca/hull/ information) contains routine close prices for the declination 2001 gross oil futures contract and the celestial latitude 2001 metal(prenominal) futures contract. (Both contracts be traded on NYMEX. ) You be require to transfer the entropy and answer the followers a) How high do the precaution strand takes for oil and specie sport to be set so that there is a 1% guess that an investor with a residuum about preceding(prenominal) the alimony circumference direct on a extra day has a shun relief two years subsequent (i. e. one day afterward a security deposit call). How high do they have to be for a 0. 1% chance.Assume mundane price changes are commonly distributed with mean zero. b) bet an investor who starts with a long position in the oil contract at the base of the period cover by the data and keeps the contract for the satisfying of the period of time cover by the data. bound balances in profusion of the initial strand are withdrawn. drug abuse the concern brink you calculated in part (a) for a 1% jeopardy train and conduct that the aid allowance account is 75% of the initial strand. organize the number of coast calls and the number of multiplication the investor has a detrimental border balance and thereof an incentive to manner of laissez passering away.Assume that all bank calls are met in your calculations. fictionalise the calculations for an investor who starts with a short position in the grand contract. The data for this chore in the seventh edition is antithetic from that in the sixth edition. a) For halcyon the type going of routine changes is $15. 184 per troy ounce or $1518. 4 per contract. For a 1% happen this essence that the criminal victuals mete should be set at 1518 . 4 ? 2 ? 2. 3263 or 4996 when rounded. For a 0. 1% danger the nourishment adjustment should be set at 1518 . 4 ? 2 ? 3. 0902 or 6636 when rounded. For flagrant oil the standard deviance of workaday changes is $1. 777 per barrel or $1577. 7 per contract. For a 1% take chances, this essence that the keep strand should be set at 1577 . 7 ? 2 ? 2. 3263 or 5191 when rounded. For a 0. 1% chance the maintenance brink should be set at 1577 . 7 ? 2 ? 3. 0902 or 6895 when rounded. NYMEX baron be kindle in these calculations because they place the chance of a trader who is just supra the maintenance margin aim at the antecedent of the period having a prejudicious margin level before metallic have to be submitted to the broker. b) For a 1% risk the initial margin is set at 6,921 for on crude oil. This is the maintenance margin of 5,191 divide by 0. 75. ) As the spreadsheet shows, for a long investor in oil there are 157 margin calls and 9 times (out of 1039 days) where the investor is tempted to bye away. For a 1% risk the initial margin is set at 6,661 for gold. (This is 4,996 divided up by 0. 75. ) As the spreadsheet shows, for a short investor in gold there are 81 margin calls and 4 times (out of 459 days) when the investor is tempted to base on balls away. When the 0. 1% risk level is apply there is 1 time when the oil investor ability walk away and 2 times when the gold investor skill do so.