The Hidden Role of Chance in Life and in the Markets Essay Example for Free

The Hidden Role of Chance in Life and in the Markets Essay Tricked by Randomness The Hidden Role of Chance in Life and in the Markets is a vivid evaluation of the human psyche which is seen in the earth of Wall road and other exchanging markets over the world. What is seen by the reader’s perspective, changes with time, on the off chance that it is seen by turning the focal point. In any case, standpoint of the peruser will likewise choose various issues that are brought up in this book. Looking from one bearing, the book pays heed to the different boundless fringes that have been made by broad communications and its commotion. Mr. Nassim Taleb attempts to worry upon the way that the normal man needs adequate information about the straightforward issues of likelihood and measurements. For instance, take a steam motor. In the event that one sees a steam motor just because, he may not recognize what is the working of the motor, yet sooner or later of cautious assessment, one can without a doubt get a harsh thought of its working and can likewise anticipate the personal conduct standard. That is one can anticipate the â€Å"future conduct pattern† after intently breaking down a shorter time of conduct. The model given here is contrasted with the life when all is said in done. There is a great deal of un-hope in the lives of individuals and likewise in the securities exchanges. These exchanging markets have an immense factor of haphazardness that depend on the complex stochastic issues, and not to overlook normal fun and angry shocks. The standard of conduct of the securities exchanges during brief timeframe ranges isn't so noteworthy and is suitably named as â€Å"noise† by the creator. The strategy for extrapolating esteems here in such manner is by all accounts unimaginable. However individuals all the more frequently do that. They attempt to draw designs where they â€Å"do no â€Å" exist and confuse the capacity of eccentrics, scan for justification for the event of likelihood and unequivocally accept that they best think about what's to come. What's more, this is what is worried in this book. The writer of the book, Nassim Nicholas Taleb is a securities exchange player and is a master skeptic. He declares that arithmetic is as yet pre-adult and can't totally clarify the study of likelihood in the financial exchange. The creator anyway is astute to comprehend to give satisfactory weight-age to the chance of irregular events, and their unimportance at certain events. He obviously sees that his thought towards the significance of arbitrariness has more an incentive than the numerical counts. Science is chiefly an apparatus to think, as opposed to figure. He has been an observer to endless operators and merchants who have been hit barely, â€Å"blown up† in the beguiling marvel of the exchange. All the time he has watched incredible thriving vocations finished with some unforeseen market disintegrating. On such events, individuals state, I had never guage that, wretchedly shaking their heads as they leave the commercial center. Truly, this is the thing that the writer needs to pass on with his book these individuals have been â€Å"fooled by randomness† of the market conduct. There are numerous methods of getting tricked by the conduct of arbitrariness. The most well-known and negative is to neglect to anticipate the likelihood of uncommon events. The creator communicates his idea that nothing else is more sure than the event of the surprising occasion that will undoubtedly happen at some point or another in future. Individuals regularly rest smoothly between safe periods, and overlook that the sudden is going to come whenever. Another is to see hugeness in some irregular example. Taleb clarifies with precious stone clearness why the more regularly you see some fluctuating amount (the estimation of your offer portfolio, for instance), the less importance your perceptions have. However he sees brokers who watch costs go all over continuously on screen the progressions are so little as to be totally arbitrary and think they are picking up something. Another issue which is increasingly inconspicuous yet progressively perilous, is the survivorship predisposition: in an indiscriminate populace, a few issues will be more noticeable than others. Assume for instance, a merchant who takes a shot at systems that do no superior to irregular conduct of the market, he will confront fifty odds of achievement and disappointment consistently. Obviously, it has never rung a bell, that his prosperity is additionally arbitrary, anyway his honest brain accepts that his prosperity was because of his boss systems and not advertise haphazardness! The author’s see on arbitrariness and his models are not restricted uniquely to exchange showcase. Actually, haphazardness and social variances happen in each field. The impact of these â€Å"random nesses† can likewise be exaggerated by a hopeful reaction circle, which he calls as bipolarity. For instance, a vocation searcher does accidently well in a meeting (despite the fact that he isn't competent, yet it is arbitrariness) and accordingly shows signs of improvement results and more notoriety than other people who are substantially more talented. As a matter of fact, human psyche is organized to see designs, to reason the reason for events, and to immovably put stock in those reasons and bases. The primary part of Talebs book is that the writer is very much aware of this conduct study of the human brain. He knows nothing he says can excuse the bogus impression molded by unusualness or haphazardness and that he is as defenseless against the capriciousness or arbitrariness as some other basic man. Further he focuses on that his lone advantage is that he is at any rate aware of the shaky area, and frequently attempts to play so as to keep himself from these circumstances. For instance, he all the time attempts to overlook any type of â€Å"hot news† or any piece data. The books short however magnificent last segment manages this Zen-like issue of attempting to break oneself out of a form of reasoning that can't be broken, despite the fact that one perceives its inadequacies. The primary trait of the book Fooled by Randomness is that the writer is exceptionally close watching a genuine image of the business sectors with the eye of an effective broker just as being an insider manual for non conviction. Genuine brokers, I accept, dress carelessly, are frequently revolting and show the scholarly interest of somebody who might be progressively intrigued by the data uncovering substance of the trash can than the Cezanne painting on the divider. (Taleb). The writer doesn't maintain a strategic distance from any circumstance of the market in his book. His models are crunchy and over and again frightful. His hostility on a combination of highlights of the financial atmosphere, are terrible and radiantly contended. Numerous individuals who read his book can discover him angering and irritating. The book is a little survey on the how to exchange complex circumstances and to intently comprehend the arbitrary conduct of exchange markets. Be that as it may, there are occasions where the book is leaving some unanswered inquiries in the brain of the peruser. The creator exhibits a derisive and disdainful objection for speculation chiefs who need to make a fortune for themselves by selling their track records. All things considered, later in the book, Taleb makes reference to that he additionally needs to be fence investments supervisor! Would he be able to do that without flaunting his own reputation with the clients? Will he take benefit of the arbitrary occasions that happened to him and gave him a fruitful reputation? Since Mr. Taleb’s rudimentary articulation regarding the matter of the character of the Market hypothesis is mixed up on certain events, his assessment of the neighboring reflections prompts an illegitimate assessment of human conduct and market highlights. Now and again, the peruser may feel that the creator is wavering between an irrational estimation of the commonsense universe of currency market and his own passionate reactions to the consistently occasions of life. Simultaneously, Taleb additionally accepts his incomplete assessment and incorrectly gives no consideration to the quantifiable impact of different factors inside the current budgetary financial aspects. This is the reason before the finish of his book Mr. Taleb winds up deceived by the marvel haphazardness as well as somewhat abused by it. REFERENCE 1. Tricked by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Nicholas Taleb

Nutrition case studies Essay Example For Students

Nourishment contextual analyses Essay It would be ideal if you read the accompanying contextual analyses and answer the inquiries which tail them. The inquiries may have a few right answers; I am hoping to check whether you have placed some idea into the task and that you give precise data in your reactions. If it's not too much trouble email your responses to me by June 24. On the off chance that you have any inquiries concerning this task, if it's not too much trouble email me before June 24. Contextual analysis 1 Randy, age 36, and his entire family love football. They love to play football and to watch football. Randy played football in school, however since he has an occupation at a law office working numerous hours, he just plays from time to time on a Saturday. In school he was fit as a fiddle and could eat anything he needed. Presently he just doesnt make it to the rec center that regularly and has lost muscle and has been putting on some weight. He is around 6 feet and weighs 250. Randy and his family likewise love fundamentals type food. Toward the end of the week they regularly grill ribs and burgers that are washed down with a few lagers. During the week, Randy gets espresso and a doughnut while in transit to work and goes to lunch with customers at different cafés. His better half as a rule cooks dinnerjust like his mother used to. He realizes that he has been putting on some weight however he despite everything feels entirely great. A couple of years prior his cousin was determined to have colorectal malignancy. As of late Randys father was additionally determined to have colorectal disease. This makes Randy somewhat apprehensive and he thinks about whether there is whatever he can do to forestall or bring down his odds of getting malignant growth too. 1. Do you imagine that Randy is in danger for colorectal malignant growth? Why or why not? Randy is at rish for colorectal malignancy. While it evaluates that the commitment of the enviornment in individuals with colon malignant growth is 65%, the other 35% is hereditary components, and Randys cousin, and father have been analyzed. 2. What dietary exhortation would you give Randy? Most kinds of malignancies are identified with components, for example, high fat and liquor admissions, Randy presentations both of these properties. His basics type food is high in fat, just as the doughnut he has each day on his approach to work. The snacks out regularly at resturants Im sure are not the most solid decisions he could be making too. I recommend that Randy curtails the brews, begins practicing like the did in school, and starts taking in more natural products, and vegtables. Contextual investigation 2 Debbie just went to the wellbeing reasonable that her work was supporting. She is 44 and functions as a clerical specialist. At the wellbeing reasonable they checked her weight, pulse, and glucose. She is 5 foot 4 inches and at the wellbeing reasonable her weight was 145. Her pulse was 120/85 and her glucose was 130ml/dl. Debbie is amazed that her glucose was high since she doesnt truly eat desserts; she lean towards flavorful treats like chips. Debbie wants to cook and generally eats 3 huge suppers daily, however once in a while eats between dinners aside from drinking Dr. Pepper. Debbie and her significant other do jump at the chance to continue evening strolls around their neighborhood and do so a couple of evenings seven days. The individuals at the wellbeing reasonable suggested that she visit her PCP and have a total physical. 1. What do you figure the specialist will reveal to Debbie her determination is? It is conceivable that she is a diatbetic. Her sugar is extremly high, so I would run more tests. 2. What different tests do you figure the specialist will ask for? It is a chance with her glucose raised the manner in which it is, that she could be diabetic. .ubd68a84893b8979a34e041920b09e315 , .ubd68a84893b8979a34e041920b09e315 .postImageUrl , .ubd68a84893b8979a34e041920b09e315 .focused content zone { min-tallness: 80px; position: relative; } .ubd68a84893b8979a34e041920b09e315 , .ubd68a84893b8979a34e041920b09e315:hover , .ubd68a84893b8979a34e041920b09e315:visited , .ubd68a84893b8979a34e041920b09e315:active { border:0!important; } .ubd68a84893b8979a34e041920b09e315 .clearfix:after { content: ; show: table; clear: both; } .ubd68a84893b8979a34e041920b09e315 { show: square; change: foundation shading 250ms; webkit-progress: foundation shading 250ms; width: 100%; mistiness: 1; progress: darkness 250ms; webkit-change: obscurity 250ms; foundation shading: #95A5A6; } .ubd68a84893b8979a34e041920b09e315:active , .ubd68a84893b8979a34e041920b09e315:hover { haziness: 1; change: murkiness 250ms; webkit-change: haziness 250ms; foundation shading: #2C3E50; } .ubd68a84893b8979a34e041920b09e315 .focused content zone { width: 100%; position: relative; } . ubd68a84893b8979a34e041920b09e315 .ctaText { fringe base: 0 strong #fff; shading: #2980B9; text dimension: 16px; textual style weight: striking; edge: 0; cushioning: 0; content design: underline; } .ubd68a84893b8979a34e041920b09e315 .postTitle { shading: #FFFFFF; text dimension: 16px; textual style weight: 600; edge: 0; cushioning: 0; width: 100%; } .ubd68a84893b8979a34e041920b09e315 .ctaButton { foundation shading: #7F8C8D!important; shading: #2980B9; outskirt: none; outskirt range: 3px; box-shadow: none; text dimension: 14px; textual style weight: intense; line-stature: 26px; moz-outskirt span: 3px; content adjust: focus; content enhancement: none; content shadow: none; width: 80px; min-stature: 80px; foundation: url(https://artscolumbia.org/wp-content/modules/intelly-related-posts/resources/pictures/basic arrow.png)no-rehash; position: outright; right: 0; top: 0; } .ubd68a84893b8979a34e041920b09e315:hover .ctaButton { foundation shading: #34495E!important; } .ubd68a84893b8979a34e 041920b09e315 .focused content { show: table; tallness: 80px; cushioning left: 18px; top: 0; } .ubd68a84893b8979a34e041920b09e315-content { show: table-cell; edge: 0; cushioning: 0; cushioning right: 108px; position: relative; vertical-adjust: center; width: 100%; } .ubd68a84893b8979a34e041920b09e315:after { content: ; show: square; clear: both; } READ: The Adventures of Pinocchio Sample Essay If her bloodsugar was a fasting one, she could be getting diabetic. 3. What dietary guidance do you figure the specialist will suggest? With a 120/80 pulse Debbie shows indications of prehypertension. She should watch her salt admission, she said rather than desserts she inclines toward flavorful treats, which could be getting at her circulatory strain, and could eventaully make it significantly higher. Three major dinners daily, with sugar .

Can Self-Compassion Make You Happier

Can Self-Compassion Make You Happier Happiness Print Self-Compassion Exercises to Boost Your Happiness By Jodi Clarke, MA, LPC/MHSP twitter linkedin Jodi Clarke, LPC/MHSP is a licensed professional counselor and mental health service provider with over 20 years of experience in the field. Learn about our editorial policy Jodi Clarke, MA, LPC/MHSP Updated on February 02, 2020 Peter Griffith / Getty Images More in Self-Improvement Happiness Meditation Stress Management Spirituality Holistic Health Inspiration Brain Health Technology Relationships View All Most people think of self-compassion as being kind to yourself. Although that is certainly a part of the concept, self-compassion involves a way of relating to yourself in a way that allows you to become more emotionally flexible, able to navigate challenging emotions, and enhance your connection to self and others. The ability to relate to ourselves in a compassionate way may sound easy enough but, in fact, it can be quite a challenge. You may find it easy to be compassionate toward a friend or loved one when they come to you with a personal struggle or a challenging situation. Your response to them may be one of understanding, hope, guidance, and encouragement. However, when we are faced with our own life challenges, we tend to be a little more harsh or critical with ourselves. We examine our thoughts and behaviors in a way that can leave us feeling unworthy, ashamed and frustrated with ourselves. In an effort to keep moving forward, we may tell ourselves to buck up, or get over it. Although the intent is to help move us forward during times of emotional challenge, this way of relating to ourselves can create an extraordinary amount of stress and become a significant obstacle in our ability to experience happiness within ourselves and with others. 3 Elements of Self-Compassion Dr. Kristin Neff, a psychologist and pioneering researcher in the area of self-compassion, outlines three elements of self-compassion: Self-Kindness: When people who practice self-compassion find themselves in challenging situations, they recognize that being imperfect or falling short at times is a part of living. The ability to navigate these experiences without putting yourself down is an element of self-compassion.Common Humanity: When we are faced with challenges, it can be easy to feel alone in our experience, as if others would not be able to relate to what we are going through. People who practice self-compassion understand that some of these challenges are part of the shared human experience.Mindfulness: Practicing self-compassion involves being able to observe our uncomfortable emotions without exaggerating them or ignoring them. This mindful and balanced stance helps us to not become emotionally reactive. How to Practice Self-Compassion There are a variety of  exercises  that Dr. Neff suggests can help us learn the practice of self-compassion: Imagine how you would talk to a friend.  We can often extend kind words, hope and encouragement to friends or loved ones. When going through a difficult time, take a moment to consider how you might respond to a close friend if they were going through a similar  situation.Become an observer.  During times when we feel challenged or struggling emotionally, it can feel like we are simply reacting and trying to emotionally survive the moment. By slowing down, we can take a small step back to observe our experience. Looking at the bigger picture can help us keep things in perspective and help us see important information that may have been missed otherwise.Change your self-talk.  Notice how you talk to yourself in moments when you are experiencing negative emotion. Work to reframe your critical self-statements in a more positive, nurturing way. This new tone may sound more like a mentor or advocate, rather than a critic or judge.Keep a journal and write it out.  Take time each day to wri te out some of  the challenges you are experiencing. Note moments as your mind tends to wander into critical statements or you begin to feel alone in your experiences. As you would with self-talk, intentionally reframe any critical statements with a softer, more understanding tone to see how it might feel different.Become clear about what you want.  As you practice ways to reframe critical thoughts into more nurturing self-talk, you can start uncovering clues as to what you are needing and wanting. Take a moment to consider what you want, need or long for in your life. Clarifying these needs will help you focus on where you want to go and what you are working toward, helping to increase motivation and happiness.Care for yourself.  Sometimes we take care of others and overlook, or completely ignore, the need to take care of ourselves. When practicing self-compassion you are recognizing that you have needs to be met as well and are worthy of engaging in those self-care behaviors. The ability to establish self-care practices can help lessen the desire to engage in unhealthy coping behaviors when faced with challenges and stress. The Effect of Self-Compassion on Your Emotions As a practice, self-compassion can be beneficial in regulating your emotions. Helps to Calm Negative Emotions The practice of self-compassionâ€"compassionate thinking in particularâ€"has been found to produce beneficial psychological changes of negative emotion. Using self-compassion techniques can help calm the experience of negative emotion and allow people to remember that they are not alone in their experiences of hurt, pain, and loss. In the practice of compassionate statements and reappraisal, the feeling of negative emotion can feel calmed, making room for mindful observation and healthy decision making. Practicing self-compassion can also allow for the surfacing of creativity and motivation. Helps to Increase Positive Emotions Self-compassion has been found to foster positive emotion, especially soothing, warm, and safe feelings. Although this can certainly help in times of distress, it can also be helpful in our daily living practices. We experience daily interactions in our personal lives, at work, or even with strangers, that have the potential to prompt a reactive emotional response. Using techniques of self-compassion can allow us to become more mindful of ourselves and our decision making, resulting in more balanced and positive interactions with others. A Word From Verywell As Dr. Neff describes, the practice of self-compassion can be very different than anything you have done before. Although the techniques are used to help us relate better to ourselves and better navigate challenging emotional experiences, it may feel a bit uncomfortable as you begin to practice some of these methods. Be patient with yourself and remember that we cannot control every aspect of our lives, including how quickly we are able to transform old, self-critical, habits into new, healthy and compassionate habits. Pursuing greater happiness through the practice of self-compassion is a gift to yourself and to those around you. In practicing self-compassion, you may find that interactions with others soften and become less reactive, you may find yourself willing to move forward in an area that you previously felt a bit stuck. In fact, you may begin experiencing happiness as you seek out new, healthy ways of living and relating to yourself.

Compare and Contrast Between Shakesperean Tragic Heroes

Compare and Contrast Essay Shakespeare Tragic Heroes: Macbeth and Brutus Kyla Yu English 11 August 4th, 2008 William Shakespeare is a world renowned English poet and playwright famous for many tragic plays such as Macbeth and Julius Caesar. These two plays both contain tragic heroes with Marcus Brutus from Julius Caesar, and Macbeth from Macbeth. A tragic hero is defined as a protagonist of high standing with heroic or potential heroic abilities who must oppose some external or internal force. A tragic hero needs to have a â€Å"tragic flaw† where a character has too much or too little of one of Aristotle’s twelve virtues. Macbeth and Brutus are both considered tragic heroes but have many similarities as well as differences.†¦show more content†¦Macbeth wouldn’t accept his feelings about murdering Banquo and was almost driven to madness by it while Brutus acknowledged Caesar’s ghost because he knew that he had done a dishonorable act and would be haunted. There is also the possibility that Macbeth and Brutus were faced with real ghosts since many of Sh akespeare’s plays revolved around the idea of the supernatural; therefore, they might have been haunted by real ghosts from their murders. Fourthly, Macbeth and Brutus had extreme influence and manipulation from outside sources that caused the degeneration of these characters from noble men to tragic heroes. Before the death of King Duncan, Macbeth was a true hero, fresh from a victory on the battlefield and not harboring any desires to gain the throne. At first, when faced with the witches’ predictions, he responds the way a loyal subject would, not like man who aspires to take over Scotland; ...to be King stands not within the prospect of belief, no more than to be Cawdor... (Macbeth, Act I, Scene iii, Lines 73-5). Also, Brutus was an honorable man with promise, ability, and was loyal to Rome. Both Macbeth and Brutus were good men until they had influence from the outside that caused the start of their degeneration into darkness. Macbeth had influence from his wife, Lady Macbeth, who was the one that urged him to kill Duncan and seize the

Breaking the Biography - 780 Words

What exactly is a biography? According to Dictionary.com it is â€Å"a written account of another person’s life†. However, that is a very broad definition, so I have decided add on to this definition to make my own definition of what I believe a biography to be. A biography is a written account of another person’s life told by an individual outside of the story. In Art Spiegelman’s Maus, although pushing the boundaries, certain sections of the book could best be described as a â€Å"biography† through the way they are written. One aspect that sets this biography apart from others is the medium used. While most biographies are purely written and tell the story of the subject’s life, Maus is (or could be considered) a graphic biography, if there is such a thing. It is both written and illustrated by Art Spiegelman, who happens to be the subject’s son. By using a mixture of drawings, dialogue and commentary, Spiegelman is able to t ell the story of his father’s experiences during World War II. This is another factor that sets it apart from other biographies; it doesn’t follow Spiegelman’s father, Vladek Spiegelman’s life in its entirety, but instead focuses primarily on his life during World War II. By using drawings to depict scenes certain scenes, it allows the reader to visualize exactly what Spiegelman wants them to see. It allows his creative expression and freedom to run wild and create a unique way to tell the story of his father. The ‘biography’ actually begins at theShow MoreRelatedEssay on Biography of Michael Phelps891 Words   |  4 PagesMichael Phelps Biography). He has two sisters, Whitney and Hilary (JackBio: Michael Phelps Biography). Both of them took up swimming when they were young and Michael followed in their footsteps (JackBio: Michael Phelps Biography). 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Of Mice and Men An Unexpected Connection Free Essays

Lennie and Curley’s wife come across as very different characters. They differ greatly in appearance, mentality, and personality. Despite their differences, though, Lennie and Curley’s wife are surprisingly similar in the way they both constantly need to create physical connections. We will write a custom essay sample on Of Mice and Men: An Unexpected Connection or any similar topic only for you Order Now As a result, they are able to relate to each other, and when they are finally alone together they address each other’s needs, which leads to a tragic end. Lennie and Curley’s wife are extremely different people, both externally and internally. Lennie is â€Å"a huge man, shapeless of face, †¦with wide, sloping shoulders,† (2) while Curley’s wife is a very â€Å"purty† (28) woman with â€Å"full, rouged lips and wide-spaced eyes† (31). Lennie has animalistic qualities and moves clumsily: â€Å"†¦he walked heavily, dragging his feet a little, the way a bear drags his paws† (2). Contrastingly, Curley’s wife is more graceful and moves very quietly, which is depicted when Candy says, â€Å"Jesus Christ, Curley’s wife can move quiet† (82) after she had entered the stable on the way to Crooks’ bunk without anyone hearing her. Lennie suffers from an unknown mental illness – the other characters think he’s â€Å"nuts† (74)— and as a result, he acts callow, imitating the behavior of certain animals: He drank from the pool â€Å"with long gulps, snorting into the water like a horse,† (3) and he â€Å"dabbled his big paw in the water and wiggled his fingers so the water arose in little splashes† (3). Lennie is â€Å"a nice fella† (40) who is very innocent, illustrated by how he interacts with the girl in the red dress in Weed: â€Å"†¦he reaches out to feel this red dress, †¦he jus’ wanted to touch that dress† (42). He is also very tractable; â€Å"†¦he’d do any damn thing† (40) that George told him. In contrast, Curley’s wife is mentally sharper and very observant; she notices all â€Å"them bruises† (80) on Lennie’s face, which resulted from his fight with Curley, and realizes that he was the one who hurt Curley’s hand, not a machine. Curley’s wife is also very assertive, manipulative, and flirtatious. A clever lady, she knows how to get what she wants. The superiority of Curley’s wife’s qualities to those of Lennie later contributes to their tragic end. Both Lennie and Curley’s wife have to constantly create physical connections in their lives, but each for a different reason. Lennie has an obsession with petting soft things, which he reveals to Curley’s wife: â€Å"I like to pet nice things with my fingers, sof’ things† (90). His obsession, which he has had since he was a child – his Aunt Clara used to give him a piece of velvet to touch — is depicted throughout the book. In the beginning of the book, Lennie finds a dead mouse and when asked why he keeps it, he answers, â€Å"I could pet it with my thumb wile we walked along,† (6) expressing his desire to pet things, dead or alive. He wants to pet things so badly that after George throws the mouse off into the distance to get rid of it, Lennie goes and retrieves it again. In Weed, when Lennie saw the girl in the red dress who he had never even met before, he reached out to touch it, just to feel the dress. George describes Lennie’s obsession concerning Slim’s pups: â€Å"He’ll want to sleep right out in the barn with ‘em. We’ll have trouble keepin’ him from getting right in the box with them pups† (38). Lennie â€Å"wants to pet them pups all the time† (42). Furthermore, his dream to tend â€Å"furry† (16) rabbits results from his obsession. Lennie has a longing to pet every soft thing he encounters in the book and each time he fulfills his craving something unfortunate happens, foreshadowing the book’s final events. He doesn’t know his own strength and can’t control his obsession. Similarly, Curley’s wife has a constant need to physically feel loved. She is someone who needs a lot of love and attention (her dream was to be an actress), which her husband will never give her. As a result, she tries to interact with any guy she can; in Crooks’ room when talking to Candy, Crooks, and Lennie, she admits, â€Å"†¦what am I doin? Standin’ here talkin’ to a bunch of bindle stiffs†¦an’ likin’ it because they ain’t nobody else† (78). Slim comments on her behavior: â€Å"She ain’t concealin’ nothing†¦ She got the eye goin’ all the time on everybody†¦ Seems like she can’t keep away from guys† (51). Although many of the ranchers view her as a â€Å"tart,† (28) I believe that Curley’s wife is a genuinely lonely person. She expresses her loneliness to Lennie: â€Å"I get lonely†¦ You can talk to people, but I can’t talk to nobody but Curley† (87). Ironically, Lennie and Curley’s wife, who have nearly opposite qualities, can cater to each other’s need by responding to each other’s obsessions. Purposely kept apart by the author through various characters for most of the book, when Lennie and Curley’s wife are alone together for the first time, the already existent chemistry between them is ostensible, and the extent of their needs is so great that neither can resist acting upon them. Leading up to this final scene, Lennie’s attraction to Curley’s wife is unequivocal. When he first sees her, his eyes â€Å"[move] down over her body,† (31) and when she talks Lennie watches her with fascination. Furthermore when George speaks negatively about Curley’s wife, Lennie â€Å"defensively† says, â€Å"She’s purty† and then later repeats, â€Å"Gosh, she was purty† after which he smiles â€Å"admiringly† (32). Curley’s wife knows how to relate to Lennie and speak to him on his level. After Candy tells her that Curley’s hand was caught in a machine, she, knowing what really happened, speaks flirtatiously to Lennie: â€Å"O. K. , Machine. I’ll talk to you later. I like machines† (80). In the final scene, Curley’s wife indicates to Lennie that she understands his obsession; when Lennie reveals that he likes to pet things, she responds â€Å"Well, who don’t?†¦ Ever’body likes that. I like to feel silk an’ velvet. Do you like to feel velvet? † (90). Lennie and Curley’s wife open up to each other, and as a result the reader learns the most about these characters from this scene; Lennie explains his obsession, while Curley’s wife explains her loneliness and need to feel loved. The reciprocal connection between them is so strong that Lennie disobeys George’s orders, risking his dream of tending the rabbits, and succumbs to the temptation of Curley’s wife. Her loneliness is so great that Curley’s wife, aware of the consequences, â€Å"[takes] Lennie’s hand and [puts] it on her head† (90). Lennie’s obsession overpowers him, and he continuously strokes Curley’s wife’s hair harder and harder, making her scream in pain. Afraid that George â€Å"ain’t gonna let [him] tend no rabbits,† (91) when Curley’s wife doesn’t stop screaming, Lennie shakes her while covering her mouth and accidentally kills her. Lennie’s actions illustrate his lack of self-restraint, and he is therefore viewed as a threat to society. As a result, Lennie’s killing of Curley’s wife leads to the killing of Lennie. The characters that seem the least alike in Of Mice and Men, Lennie and Curley’s wife, ironically, share a common need that enables them to have one of the strongest connections in the book, both physically and emotionally. Knowing that they have the ability to satisfy each other’s needs, Lennie and Curley’s wife are in a very vulnerable situation that is full of temptation. Lennie can’t control his obsession and accidentally kills Curley’s wife, while trying to preserve his dream to tend rabbits that is based on his obsession. The physical connections that once gave them pleasure and happiness in life lead to each of their deaths. How to cite Of Mice and Men: An Unexpected Connection, Papers

What, historically, have been Apple’s competitive advantages free essay sample

Apple has used the following competitive advantage strategies: Apple uses its ability to design and develop its own operating system, hardware, application software and services to differentiate its brand from competitors. The Apple Inc. Company, with 2009 net sales of $42. 9 million, primarily competes in the PC, MP3 player, Portables, IPod, Handset, Peripherals, Software and service markets. Apple stands out for â€Å"typically designing its products from scratch, using unique chips, disk drives, and monitors. †1 In the MP3 player market, they differentiated their product early on by providing what competitors could not – storage of up to 1,000 songs vs. only an hour of music. Through technological advances by 2010 they held more than 70% of the MP3 market in the US. Overall, their product’s appeal has a lot to do with the company’s stated goal of providing customers with products that have superior ease of use, seamless integration and innovative design. Quality is also an Apple brand trademark that provides the company with an excellent reputation and is a differentiation advantage when compared to their competitors. We will write a custom essay sample on What, historically, have been Apple’s competitive advantages or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Incorporating all these strategies have allowed Apple to gain certain competitive advantages and benefit from a strong brand, a loyal customer base, innovative and quality products as well as exposure to fast-growing markets. 2. How sustainable is Apple’s competitive position in PC’s? Apple needs to revisit their competitive advantage strategy in the PC market. Sales of Apples computers the Macintosh (Mac) made up approximately 32. 3% of the companies net sales in 2009. That year, the company shipped over 12. 3 million units of desktop and laptop computers. Portables units sold about two times as fast as desktops. In 2009. total Mac net sales were $13. 8 billion dollars with a gross margin of 40%. In addition, Apple’s PC RD/Sales percentage was 3%. Apples worldwide market share of the PC market is 4. 2%. This position is last behind the clone PC market share of HP, Dell, Acer, Lenovo and Toshiba at 5. 4%. Net sales per unit sold deteriorated in 2009 to its lowest level (trending data only went back to 2004. ) Although I expect that portables will benefit from increasedsales, the overall trend of decreased net sales will most likely continue. The competitor (Microsoft) launching of Windows 7, invigorated clone PC sales. â€Å"Microsoft shipped over 60 million units of the new OS in its first quarter of sales in the fall of 2009, generating almost $7 billion in revenue. † 2 My risk assessment as to Apple’s competitive position in the PC market is that it is at high risk. This assessment reflects my concern that Appleà ¢â‚¬â„¢s mindset to â€Å"create/design from scratch† all proprietary PC components may not be the best approach. Even a simple printer cable for the Mac is proprietary. â€Å"By 2010, the PC market will be approaching its market potential, with an estimated market demand for that year of 325 million units. This could change as the result of unusually large price declines, radically new computer technology, or other unpredictable developments. † 3 Opening up the company’s architecture to vendors (open architecture like the clone PC) and focusing in on the operating system like Microsoft could bring Apple the added boost it needs to compete with the clone PC in markets worldwide. Another factor contributing to my high risk assessment is the concern over the health of the company’s founder and CEO, Steve Jobs. Consequently, Apple should examine and update their strategy if they are to succeed in this changing PC market. 3. How sustainable is Apple’s competitive position in MP3 players? Apple’s competitive position in the MP3 players market is at a medium risk given the following: Sales of the iPod made up approximately 18. 86% of the companies net sales in 2009. They sold over 54. 1 million units of iPods. Although 2009 net sales per unit sold dropped to its lowest level in six years to $149/per unit from a high of $296/per unit, Apple’s iPod net sales totaled $8. 0 billion dollars. In 2010, Apple reportedly held more than 70% of the MP3 marketplace in the United States. Furthermore, analysts believe that the iPod’s â€Å"halo effect† benefited Apple’s Mac business. â€Å"For every $3 dollars spent on an iPod, according to one analyst, consumers spent another $1 on iPod add-on products. † 4 Apple earned an estimated 5% of the retail price on such items. Competitors in the MP3 market include SanDisk, Creative, and Samsung. Each had a market share below 10%. With the launch of iTunes, iPod sales shot up by an explosive rate. With the opening of App store in about 18 months, four billion applications had been downloaded by iPhone and iPod touch by users worldwide contributing to the $1 billion dollars in app sales for Apple. If cost-cutting efforts are implemented, they can offset the trend and anticipated decline in unit selling prices for iPods. However, Apples iPods competitive position is at medium risk as iPod units are declining largely due to Apples Inc.  large market share coupled with the market saturation in this area. Apple could face a decline in demand for the iPod as it holds such a large MP3 market share in a mainly mature market. This could mean Apple will face declining unit shipments and price pressures on the iPod. Apple has a differentiating competitive advantage in its application business. The App store is definitely very important to future sales growth. In summary, even though Apple is at a good position in the MP3 player market, they do need to consider strategy if they are to remain the leaders. 4. If you were Steve Jobs’ Marketing Manager, would you recommend developing another new product for the market or put more money into one of their four primary products. If you recommend an existing product, which one and why? Use marketing mix (5 P’s) in your answer. Product – I would recommend developing another new product for the market. Apple Inc. is good at innovating and should continue to innovate and spend in RD especially when they have such a strong bottom line cash position. This may open other markets to them as an adjacent-segment strategy or otherwise. Price – Some of their existing products (i. e. Mac, iPod, etc. ) will be facing ever increasing price pressures from market saturation and other factors. This makes it crucial to have other product offerings to complement the pipe line. Promotion – Apple Inc. should do a break-even analysis in terms of which products to continue to heavily promote. They should consider including innovative technological advances in their product offerings and promote those products. Place (distribution) – Broadening Apples distribution channel would bring in a larger customer base. Allowing superstores (Wal-Mart, Cosco), electronic retailers (Best Buy, Circuit City) and Web-based retailers to distribute Apple products would definitely increase sales. A different approach needs to be taken to reach a wider audience as convenience sometimes sells product. People – Similar to the iPod Business App stores, Apple could have Mac Business Centers to offer services and peripheral equipment and supplies. These centers could offer friendly, professional and competent service to continue delivering quality and customer satisfaction. Endnotes

Definition and Examples of Derivation in English

Definition and Examples of Derivation in English In morphology, derivation is the process of creating a new word out of an old word, usually by adding a prefix or a suffix. Adjective: derivational. Linguist Geert Booij notes that one criterion for distinguishing derivation and ​inflection is that derivation may feed inflection, but not vice versa. Derivation applies to the stem-forms of words, without their inflectional endings, and creates new, more complex stems to which inflectional rules can be applied (The Grammar of Words, 2005).   Derivational change that takes place without the addition of a bound morpheme (such as the use of the noun impact as a verb) is called zero derivation or conversion. From the Latin, to draw off. Examples and Observations Derivational morphology studies the principles governing the construction of new words, without reference to the specific grammatical role a word might play in a sentence. In the formation of drinkable from drink, or disinfect from infect, for example, we see the formation of new words, each with its own grammatical properties.(David Crystal, How Language Works. Overlook Press, 2005 Derivation versus Inflection Morphology may be divided into derivationrules that form a new word out of old words, like duckfeathers and unkissableand inflectionrules that modify a word to fit its role in a sentence, what language teachers call conjugation and declension. (Steven Pinker, Words and Rules: The Ingredients of Language. Basic Books, 1999)The distinction between inflectional morphology and derivational morphology is an ancient one. Fundamentally, it is a matter of the means used to create new lexemes (derivational affixes among other processes) and those used to mark the role of the lexeme in a particular sentence (accidence, inflectional morphology). . . .It seems that although we probably can maintain a distinction between inflectional and derivational morphology relatively well in Englishalbeit with certain problematical cases which do not invalidate the fundamental notionthe distinction is not helpful to us in understanding any other aspects of the morphology of English. The classification might be useful in terms of typology, but does not throw much light on the behavior of English morphological processes.(Laurie Bauer, Rochelle Lieber, and Ingo Plag, The Oxford Reference Guide to English Morphology. Oxford University Press, 2013 Derivation, Compounding, and Productivity Word-formation is traditionally divided into two kinds: derivation and compounding. Whereas in compounding the constituents of a word are themselves lexemes, this is not the case in derivation. For instance, -ity is not a lexeme, and hence taxability is a case of derivation. The word income tax, on the other hand, is a compound since both income and tax are lexemes. Changing the word class of a word, as happened in the creation of the verb to tax from the noun tax, is called conversion, and may be subsumed under derivation. . . .Morphological patterns that can be systematically extended are called productive. The derivation of nouns ending in -er from verbs is productive in English, but the derivation of nouns in -th from adjectives is not: it is hard to expand the set of words of this type such as depth, health, length, strength, and wealth. Marchand (1969: 349) has observed some occasional coinings like coolth (after warmth)  but notes that such word coinings are often jocular, a nd hence do not represent a productive pattern. If we want to coin a new English noun on the basis of an adjective, we have to use -ness or -ity instead. (Geert Booij, The Grammar of Words: An Introduction to Linguistic Morphology. Oxford University Press, 2005 Changes to Meaning and Word Class: Prefixes and Suffixes Derivational prefixes do not normally alter the word class of the base word; that is, a prefix is added to a noun to form a new noun with a different meaning:Derivational suffixes, on the other hand, usually change both the meaning and the word class; that is, a suffix is often added to a verb or adjective to form a new noun with a different meaning: patient: outpatientgroup: subgrouptrial: retrialadjectivedark: darknessverbagree: agreementnounfriend: friendship (Douglas Biber, Susan Conrad, and Geoffrey Leech,  Longman Student Grammar of Spoken and Written English. Longman, 2002)

Scientific Hypothesis Examples

Scientific Hypothesis Examples A hypothesis represents an educated guess about what you think will happen, based on your observations. Before experimenting, you propose a hypothesis so that you can determine whether your prediction is supported. There are several ways you can state a hypothesis. The best hypothesis is one you can test and easily refute. Why would you want to disprove or discard your hypothesis? Its because this is the easiest way to demonstrate two factors are related. What are some examples of a hypothesis? Hypothesis Examples Hypothesis: All forks have three tines.Disproven if you find any fork with a different number of tines.Hypothesis: There is no relationship between smoking and lung cancer.While it is difficult to establish cause and effect in health issues, you can apply statistics to data to discredit this hypothesis or to support it, if the rates of lung cancer are the same between smokers and non-smokers.Hypothesis: Plants require liquid water to survive.Disproven if you find a plant that doesnt need it.Hypothesis: Cats do not show a paw preference (cat equivalent to being right- or left-handed).You could gather data about the number of times cats bat at a toy with either paw and analyze the data to determine whether cats, on the whole, favor one paw over the other. Be careful here, because individual cats, like people, might (or might not) express a preference.Hypothesis: If plants are watered with a 10% detergent solution, their growth will be negatively affected.Some people prefer to state a h ypothesis in an If, then format. An alternate hypothesis might be: Plant growth will be unaffected by water with a 10% detergent solution. What hypothesis would you use? Youre welcome to post a reply offering additional hypothesis examples or discussing the type of hypothesis you prefer to formulate and test.

Assess Competitive conditions in the banking industry in Saudi Arabia Essay

Assess Competitive conditions in the banking industry in Saudi Arabia - Essay Example udi Arabia, the need to establish and develop a modern banking industry was felt, and as a result the foundations of a full-fledged banking industry was laid in the year 1952 (Homoud, 2011). Keeping in view the significant growth and developments in the banking industry of the country, the question arises that whether the banking industry of Saudi Arabia is competitive enough over the past few years (Royal Embassy of Saudi Arabia, 2014). In this paper, the researcher has made use of the method put forward by Rosse and Panzar (1977) for the measurement of the extent to which competition exists in the banking industry of a country. In this regard, the researcher has presented estimates of the Rosse-Panzar H Statistic by making use of information pertaining to financial performance of selected Saudi Arabian banks. After the introduction section, the report includes a brief review of the banking sector of Saudi Arabia, a discussion of the theory, methodology and data considered in conducting this study, empirical results obtained from analysis of information and conclusions reached thereon. Today, the Saudi Arabian banking industry is regarded as amongst the fastest growing and developing in the world. Apart from the fact that the operating environment in the country for banks is competitive at present, the industry is expected to gain more competency owing to the fast paced technological and regulatory developments in the region and all over the world. The competency, resilience and strength of the Saudi Arabian banking industry is also evident from the fact that during the recent financial crisis, the industry managed to report positive growth figures, and also showed consistency in its growth in lending operations. At present, the Saudi Arabian banking industry is largely run by private sector and therefore capital lent in the country largely moves from the private sector (Homoud, 2011; Almazari & Almuman, 2012). As per the statistics published by the Central

Family Map Project Essay Example | Topics and Well Written Essays - 2500 words

Family Map Project - Essay Example They sometimes represent unbalanced relationships in the family that prevents healthy family dynamics. Connected and cohesive levels of family cohesion represent the â€Å"most functional across the life cycle, in part because they balance separateness and togetherness† (Olson, et.al., 2005). Family flexibility is the â€Å"amount of change that occurs in leadership, role relationships, and relationship rules† (Olson, 2003, as quoted by Olson, et.al., 2005). Flexibility refers to the family’s ability to adapt or to adjust to an event and to deal with changes in the family. Flexibility is also categorized into four levels, which are: rigid, structured, flexible and chaotic. The balanced response to change indicates the degree of a family’s flexibility. A rigid family has an extreme resistance to change and the chaotic family leans so much on change that its stability is placed in jeopardy. The structured and flexible family balances stability and change as and when events take place in the family. â€Å"Families need a basic foundation that gives them stability, but they also need to be open to change when necessary† (Olson, et.al., 2005). In order for a family to become stronger as a unit, it needs to accept the inevitability of change and sti ll maintain its stability despite the changes. The third dimension of the couple and family map model is communication. â€Å"Communication is the grease that smoothes frictions between partners and family members† (Olson, et.al., 2005). Communication allows family members to work through and to work out their problems and issues with each other. It involves listening skills, speaking skills, self-disclosure, clarity, staying on topic, and respect and regard. Listening skills include empathy and giving feedback; it is not just hearing the other person speak, but also listening to what the other person wants to say. Speaking skills

Analysis Of The Advantages And Disadvantages Of Exporting Marketing Essay

Analysis Of The Advantages And Disadvantages Of Exporting Marketing Essay The ability of a firm to export a proportion of its sales abroad is increasingly regarded as a an important competitive measure of performance at national and as well as regional level (OFarrell et al, 1996).There ability to engage in exporting is purported to be necessary ingredient to ensure the survival and growth of new and small firms. Exporting is usually used as an entry strategy for most firms venturing abroad for the first time. It is the entry strategy most favored by small and medium enterprises (SMEs). Many Companies begin their international ventures by exporting mainly because all things being equal, it is the least risky and easiest to recover from in case of things not working out as planned. It is very flexible as compared to other strategies as the exporter can both enter and exit from the market very easily. Some companies internationalize for different reasons, they are either reactive or proactive to the market i.e. firms may react to rivals action to go international and follow suit or perhaps anticipate its competitions move by being the first mover and achieving the first mover advantage. However, there are quite a number of things that a firm should put in to consideration when exporting for the first time internationally. To ensure export, a firm should not overlook the following: Assessment of the global market opportunities: Before exporting goods or services, there are a number of questions a firm must put into consideration. The firm must analyze what kind of business it wants to get into, the products in question and the target market as whether it will accept the products or services being exported. The management of the firm should do a research before selecting the target market. The target market should be attractive and all other aspect like transportation, customs regulations and applicable tariffs and duties. Similarly, of at most importance is the culture of the country which must be evaluated in order to understand the implications to business opportunities and challenges. There must be a great understanding of customer needs and preferences, the competitors, the government regulations and the capabilities of the foreign intermediaries. The economic stability of the country is also an important aspect to the exporter. Organizing for exporting: For an organization to successfully export its products or services, it must learn how to transport its goods internationally, learn all the necessary procedures required at customs offices and all the necessary documentations. The organizations must adhere to all the requirements of the country it is exporting its goods to, failure to which can attract charges and penalties. Acquiring of needed skills and competencies: Hill (2007) is of the view that one way for the first time exporters is to identify the opportunities associated with exporting and to avoid many of the associated pitfalls is to hire an export management company (EMC) who act as the export marketing department or international department for their clients firms. It is important for organizations to acquire the right competencies and skills in order for the organization to survive in the market. The organizations must learn what is required of them to succeed in those markets before moving on to other markets. The more knowledge the organization acquires about the exporting strategies, the more competencies and right skills it gains and a clear picture. Different Export Strategies Available To a Firm There are two major strategies that an organization needs to consider in terms of exporting into another country. Under these two major strategies; The first strategy is called an Autonomous Strategy or sometimes referred to as the go it alone. This strategy involves the organization choosing to go into another country alone. The Foreign Direct Investment (FDI) is one method that can be used. Foreign Direct Investments (FDI) is the strategy mainly preferred by Multinational National Enterprise and it is an equity or ownership form of foreign market entry in to other countries and the presence is especially critical in performing some activities in the market. This type of strategy is usually by big firms such as Toyota, Nokia etc which have massive FDI based operations around the world. Another strategy is called the collaboration strategy which is concerned with the firm creating an ally with partners either up or down or the same level of the value chain, for example, licensing and franchising. Franchising is a means of marketing goods and services in which the franchiser grants the legal right to use branding, trademarks, products and the method of operation is transferred to a third party the franchisee in return for a franchise fee. Doole and Lowe (2001) International strategic alliances-This involves an exporting firm going into strategic alliances with local firms in the targeted countries. This strategy is categorized into three forms. Non equity strategy alliance that is formed through the contractual agreement to supply, produce or distribute the firms goods or services with equity sharing. This may concern marketing and information sharing e.g. licensing and franchising. An equity strategic alliance is the strategy in which partners own different percentages of equity in a new venture or project or an existing firm. Joint Ventures where two or more firms create a separate co-operation whose stock is shared by partners.Cateora and Graham(2002) define a joint venture as partnership between two or more participating companies that join forces to create a separate legal entity. Joint Ventures are in essence a way of risks of expanding internationally. Acquisition is where an organization develops its resources and competencies by taking over another organisationJohnson and Scholes (2002 p.375).An acquisition can be instantaneous and sometimes less expensive approach to market entry.Keegan and Schlegelmilch (2001). Other strategies that a firm can use are: The use of the Internet by setting up a website to advertise its products and or services to the world. This method has not only become popular due to the cost efficiency but also because of the instant huge volumes it reaches. The internet provides the means to export some types of services, ranging from airline tickets to architectural services. Other facilities on this method include online advertising and catalogues where goods can be, selected, ordered and paid for remotely. This method however may apply to both autonomous and collaborative strategies. Thus, the different types of international strategies represent different degrees of resources, commitments and risks. There are a number of questions managers must put into consideration before selecting an entry strategy in to a new market or country. The questions that need to be considered are such as what are the goals and objectives of the firm, does the firm have enough resources and capabilities to survive in the market especially in a foreign country where the firm may find stiff competition. It is also very important that the firm does its home work and understands its competitors in the market, unique conditions in the targeted country, balancing risk and return, competencies of the firm and characteristics of the product or services that the firm whishes to export. The firm can also decide whether they want to use direct export or indirect exporting. Direct Exporting is the strategy that a firm can use to sale directly to the customers in foreign countries by opening an export sales department which can create opportunities for the firm to establish a closer relationship with the foreign market and the end buyers. The firm can decide to use an export manager who will be charge of its direct export sales overseas to some countries where you can sale directly to the end user. This is common in the Middle East, Central America and in some Asian Countries. Firms wishing to pursue a long term position in a foreign market need to be more proactive in their approach to the market entry by becoming direct involved. Other direct export options are the use of export intermediaries. Indirect Exporting is the other strategy that can be used by firms to export it products and or services. Indirect exporting may seem to be the better option to other businesses through using intermediaries may be a better alternative looking at the complex tasks and risks involved in direct exporting. In this strategy, the firm can decide to use the domestic Intermediaries that can perform market research and develop a marketing strategy on behalf of the firm. Advantages of Exporting: The following are the advantages of exporting as an international entry strategy for a new firm; Increased sales volume resulting in improved market share as well the generation of profit margins that are often more favorable than the domestic market, Increased economies of scale through the reduction of unit cost of manufacturing as the sales volumes rise A diversified customer base thus reducing dependence on home markets. Minimized risk and maximized flexibility compared to other entry strategies as the firm can easily and quickly withdraw from an export market. Lower cost of foreign market entry as the firm does not have to invest in the target market or maintain physical presence especially through the use of agencies or franchises. The firm can therefore test the new market before committing greater resources through foreign direct investment. It helps stabilize fluctuations in sales associated with economic cycles or seasonality of demand e.g. a firm can offset declining demand at home. In a nutshell the low cost , low risk nature of exporting, combined with the ability to leverage on foreign partners makes exporting suitable to a new firm in the international business fraternity. Disadvantages of Exporting: Because exporting does not require the presence of the firm in the country it is exporting its goods or services, the firm usually does not meet with its customers as a result it does not get to learn about the interests of its clients, the competitors and the market. It does not allow the firm to benefit from the location advantages of the host national. The exporting firm has limited opportunities to gain knowledge of local markets and competitors as it does not dwell in the target markets countries, hence posing a business risk. There is serious exchange risks involved as the firm deals in foreign currency due to fluctuations in exchange rates. Without proper hedging, the organization may encounter significant exchange losses depending on the economic situation of the target foreign market and apart from losses, exchange rates may cause the exporters goods being expensive in the target market and therefore lose market share in the host national. The exporting organization is exposed to trade barriers such as import duties/tariffs depending on the area of the host national whom it trades with. The existence of certain regional groupings may affect the exporting firm positively or negatively especially if the firm is from outside the region. Exporting usually involves transporting goods for production companies involved in goods marketing and distribution. This may be a constraint in the smooth distribution and realization of business objectives of economic growth and profit generation. This may also depend on the location of the target market and the socio-economic situation in the host nations as well as infrastructural development. The fact that the exporting firm does not dwell in the host country may result in limitations on the ability to respond quickly to customer demands as there may be no one from the firm on the ground to respond on time. Exporting may create dependence on export intermediaries and therefore may not have the grip. Another disadvantage of exporting is the high transportation costs that can make exporting uneconomical especially if the organization is exporting huge or bulk products. Conclusion: It can be concluded that a critical facilitator of internationalization of markets depends on three components as market drivers that is the presence of similar customer needs and tastes, the presence of global customers e.g. the growing trend in car components companies being internationalized as their customers become internationalized. In accordance to Yip (2003) costs may be reduced by operating internationally through increasing volumes beyond what a national market may support and therefore can give rise to economies of scale both on the production as well as on the purchasing side. Scale economies are particularly important in industries with high product development costs. It also noted that internationalization is promoted were it is possible to take advantage of country specific differences. Other drivers may be due to policy including tariff barriers, subsidies to local firms and license to trade. Therefore among the methods of internationalization, exporting has proved to be more popular in certain types of business operations and largely depends on what stage a particular firm is in the process of internationalization. Mostly this method is used by firms in the initial stages of internationalization especially by small and medium sized enterprises (SMEs) and strategy becomes less popular as firms grow in size. The two main strategies firms use to export is firstly by collaboration , where a firm goes into partnerships with other firms either locally or abroad to complete value chains in the business through joint ventures, licensing, franchising and other strategic alliances. The second strategy is the go it alone or autonomous strategy were a firm going into export through the establishment of its own infrastructure in the target market such as a distribution office, its own employees. Therefore this strategy involves the foreign direct investment (FDI) with a view to establishing a long term commitment in the foreign market involved. However, it is less popular especially for firms going on the international market for the first time. Through analysis of the export strategy, the method has got a lot of disadvantages despite having a lot of advantages and therefore the choice of using for internationalization will depend on various factors such as being an entry strategy, or depending on the economic conditions of a particular region, take advantage of market conditions prevailing at a particular time. This is after taking into account the various factors or drivers such as costs, competition, market condition and local and host government policies.

Working Conditions for Children During Industrial Revolution

Working Conditions of Children During the Industrial Revolution During the beginning of the industrial revolution there was a high demand for labour. Families travelled from rural farm areas to newly industrialized and larger cities in hope of finding new work. To survive even in the lowest class of poverty families would have had to have every single able family member working, this includes children. Children as young as six were put to work in factories. They worked for up too 19 hours a day with only one hours break in total.Work was hard and the children were often paid barely anything. These fragile human beings were; frequently overworked, underpaid and ill treated for a long time. They didn’t have small jobs either; their jobs were physically intense and required a lot of effort and strength. With little medical knowledge in comparison to today these children were prevented from growing healthily and naturally. Deformedness was common amongst many of the children due t o the high amount of physical exertion performed by them.Their growth was slowed down and they suffered in multiple other ways. The treatment of children in factories was horrendous to say the least. They were verbally abused and little care was payed to their safety and wellbeing. Sever punishments were also in place for the slightest disobedience. It was incredibly unsafe to work in the factory environment due to the large machineries used, which very often proved a hazard to the children. With the enormous machines fingers and body parts of theses skinny children could often result in deaths due to serious injuries or accidents.Sometimes children fell asleep from working excessive hours and occasionally the sheer force of the machines would just crush them. In factories that were unsanitary there was harsh exposure to dangerous chemicals and toxins consistently. Some children died from excessive inhalation of the fumes. Children who worked in coalmines often died from explosions and injuries. Overall there was extreme difficulty faced with being a child and having to grow up working during the industrial revolution.

Globalization And Its Impact On Society Essay - 1550 Words

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Mahatma Gandhi An Important Contribution Of Society

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