The Rise and Fall of the Internet Bubble - Free Essay Example

Sample details Pages: 10 Words: 2932 Downloads: 1 Date added: 2017/06/26 Category Information Systems Essay Type Argumentative essay Did you like this example? The Rise and Fall of the Internet Bubble Introduction What was the Internet bubble? à ¢Ã¢â€š ¬Ã…“A bubble occurs when investors put so much demand on a stock that they drive the price beyond any accurate or rational reflection of its actual worth, which should be determined by the performance of the underlying companyà ¢Ã¢â€š ¬Ã‚  (Beattie, 2014). The Internet bubble was the boom in the share prices of stocks of the dot-com companies (Folger, 2011). The dot-com companies offered goods and services for free at first because they expected to build enough brand awareness to gain revenue off their services in the future. The Internet companies reflected the business-to-consumer, consumer-to-business, and consumer-to-consumer aspects of e-commerce. à ¢Ã¢â€š ¬Ã…“Business-to-consumer is an e-commerce model in which businesses sell to individual shoppersà ¢Ã¢â€š ¬Ã‚  (Turban, King, Lang, 2011a, p. 8). à ¢Ã¢â€š ¬Ã…“Consumer-to-business is an e-commerce model in which individuals use the Internet to sell products or services to organizations or individuals who seek sellers to bid on products or services they needà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011a, p. 9). à ¢Ã¢â€š ¬Ã…“Consumer-to-consumer is an e-commerce model in which consumers sell directly to other consumersà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011a, p. 9). In the 1990s, the impact of technological devices driven from the e-commerce occurring on the dot-com companiesà ¢Ã¢â€š ¬Ã¢â€ž ¢ websites was opening the eyes of many investors. The investors were seeing the return from their investments because of the desire for e-commerce websites bringing the world closer than ever at the time with social media sites, online travel agencies, and online department stores. However, investors were pricing shares beyond the performance level of these new Internet companies, and companies invested in technology will go as far as they can to stay on top and sometimes that can be too far. In vestors would see a sudden crash by 1999 that would ruin several Internet companies for good. This would be known as the rise and fall of the Internet bubble. I will first give a briefing on the rise of the Internet bubble because it is important to be informed on that aspect before a person can understand the significance of the fall of the Internet bubble. I will then inform you on what happened during the fall of the Internet bubble. It is also important to be informed on why this fall of the Internet bubble occurred. I will refer to some preventative actions that could have been taken to stop the unsafe surge of valuation of the Internet companies. I will report on the companies that survived after the fall of the Internet bubble, and the companies that have diminished because of the fall of the Internet bubble. My goal is for you to understand how important the fall of the Internet bubble was because of how it affected the future of many Internet companies that we are famili ar with today. The Rise of the Internet Bubble In the 1990s, the world was able to use technology that would allow people to shop, communicate, and receive news without having to leave the comfort of their own home (Smith, 2011). This technology was the Internet, and it withheld all of the dot-com companies. Like companies that are not connected with the Internet, these companies were getting investors interested. There were online companies that had great ideas that were sure to bring in revenue. Investors started buying shares of stock because they were optimistic that à ¢Ã¢â€š ¬Ã…“companies that operated online would be worth millions of dollarsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). The new dot-com companies along with their investors saw à ¢Ã¢â€š ¬Ã…“record-setting growth as the companies experienced sudden rises in their stock pricesà ¢Ã¢â€š ¬Ã‚  (Chichoni, 2013). They took this as a sign to à ¢Ã¢â€š ¬Ã…“move faster in their expansion and with less caution than usua là ¢Ã¢â€š ¬Ã‚  (Chichoni, 2013). The companies were so excited to see that their ideas were being valued so high, which was making even more investors interested. However, the companies and investors forgot that there must be enough revenue to support the debt, dividend payouts, and other financial factors of a business (Smith, 2011). There was not enough revenue coming in for these high-valued dot-com companies, so they were about to see a crash of the bubble that would cause the demise of several of the companies. The Fall of the Internet Bubble Unfortunately, due to many factors during the time of the Internet bubble in the 1990s, the dot-com companies saw a fall of the Internet bubble, also known as a crash. à ¢Ã¢â€š ¬Ã…“A crash is a significant drop in the total value of the market, almost undoubtedly attributable to the popping of a bubble, creating a situation wherein the majority of investors are trying to flee the market at the same time and consequently incurrin g massive lossesà ¢Ã¢â€š ¬Ã‚  (Beattie, 2014). Investors were trying to sell the shares that they had invested in with the companies that they overvalued because they did not want to completely lose the funds that they had invested. à ¢Ã¢â€š ¬Ã…“The collapse of the Internet stocks caused the 2001 stock market crash even more than the September 11, 2001, terrorist attacks. The market crash cost investors five trillion dollarsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). There were companies that were able to survive from the crash but not before they saw major loss in the value of their ideas. Many had to revise their business models so that investors would be interested once again. Investors took on huge losses, but many of them were not afraid to invest in the companies that were able to build even better business models than before the crash. Several companies were not able to pick themselves back up after the crash, but there are companies that have become the most powerful in the world that experienced loss from the crash. Investors seem to get the biggest blame for the burst of the Internet bubble, but it certainly involved the dot-com companies that had not become secure enough in their brand as well. Cause of the Fall of the Internet Bubble There is not one distinct cause that can be connected to the burst of the Internet bubble. Investors were so excited about the funds that could come from the concept of dot-com companies that they forgot to focus on the aspects of generating revenue or cash flow (Smith, 2011). à ¢Ã¢â€š ¬Ã…“In addition to not focusing on the necessary aspects, analysts used very high multipliers in their models and formulas for valuing Internet companies, which resulted in unrealistic and overly optimistic valuations of the Internet companiesà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Before the crash occurred, the à ¢Ã¢â€š ¬Ã…“newer Internet companies were being overvalued by 40 percentà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). This was not entirely the analysts fault because the companies should have also given their input on the long-term results of their business models. These companies were new at implementing their ideas and were à ¢Ã¢â€š ¬Ã…“staffed with individuals that did not have the necessary experience or goals to work in the industryà ¢Ã¢â€š ¬Ã‚  (Gokli, 2007), so they were not yet comfortable with valuing their own work. Instead, these companies were hoping that investors were captivated enough by their ideas so that they did not need to have solid long-term business plans at the time (Gokli, 2007). à ¢Ã¢â€š ¬Ã…“In the mid to late 1990s, societyà ¢Ã¢â€š ¬Ã¢â€ž ¢s expectations of what the Internet could offer were unrealisticà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). à ¢Ã¢â€š ¬Ã…“Internet entrepreneurs were captivated with dreams of becoming dot-com millionaires and billionairesà ¢Ã¢â€š ¬Ã‚  (Smith, 2011), and they were going use any funds they could to make those dreams come true. This included letting investors overvalue their companies so that they could gain more dollars per share (Gokli, 2007). à ¢Ã¢â€š ¬Ã…“Most dot-com companies would spend the investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ money without having to be monitoredà ¢Ã¢â€š ¬Ã‚  (Gokli, 2007). à ¢Ã¢â€š ¬Ã…“Many investors ignored the fundamental rules of investing in the stock market, such as analyzing P/E ratios, studying market trends, and reviewing business plans. Instead, investors and entrepreneurs became preoccupied with new ideas that were not yet proven to have market potentialà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Prevention for the Fall of the Internet Bubble During the time of the Internet bubble, companies saw an unsafe surge in valuation. There were methods of prevention that could have been followed then and should be followed now to make sure that another Internet bubble is avoided. Companies need to realize that à ¢Ã¢â€š ¬Ã…“popularity does not equal profità ¢Ã¢â€š ¬Ã‚  (Smith, 2011). There are specific social media sites, such as Facebook, that receive a major amount of attention, but this does not mean that they are worth investing in (Smith, 2011). à ¢Ã¢â€š ¬Ã…“It is better for investors to research companies that have solid business fundamentalsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Popular Internet sites cannot always produce reliable long-term investments (Smith, 2011). Investors need to make sure a company is going to have a à ¢Ã¢â€š ¬Ã…“strong revenue sourceà ¢Ã¢â€š ¬Ã‚  (Smith, 2011) for a long period of time. à ¢Ã¢â€š ¬Ã…“Companies were valued by measuring their future profitabilityà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). However, this method can lead to overly optimistic valuations (Smith, 2011). It is never a good idea for investors to à ¢Ã¢â€š ¬Ã…“invest in a company that is based solely on the hope for large profits rather than the real numbers that are appearingà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Investors should make sure that companies are making reasonable speculations when it comes to valuation. à ¢Ã¢â€š ¬Ã…“A business model is a method of doing business by which a company can generate revenue to sustain itselfà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011a, p. 29). A reliable business model is essential when investors are researching potential companies to invest in (Smith, 2011). à ¢Ã¢â€š ¬Ã…“Many investors were not realistic concerning revenue growth during the Internet bubble. An investor should never invest in a company that has not figured out how to generate revenueà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). à ¢Ã¢â€š ¬Ã…“Investors should understand the basic business fundamentals when determining whether to invest in a specific companyà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). à ¢Ã¢â€š ¬Ã…“A company should have reasonably predicted financial variables, such as overall debt, profit margin, dividend payouts, and sales forecastsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011), for investors to include in their decision-making process. It is not wise for investors to rely on just a good idea if the good idea is not going to be able to produce the funds to keep the business alive. Investors need to recognize the relationship a company has established with the stock market (Smith, 2011). In order to perceive this relationship, à ¢Ã¢â€š ¬Ã…“investors need to know the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s beta value, which states the degree to which the stock of the company changes with the economyà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Surviving Companies after the Fall of the Internet Bubble Several companies saw a major loss during the occurrence of the crash of the Internet bubble. Even though some of those companies were the ones to see the biggest amount of loss, they are thriving in todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s business world. à ¢Ã¢â€š ¬Ã…“Amazon.com, which is an example of a business-to-consumer e-commerce model (Turban et al., 2011a, p. 8), was one of the worst losers in the dot-com bubble crashà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). The company was selling a share for over 100 dollars during the Internet bubble, but they were only selling shares for 10 dollars after the burst of the Internet bubble (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Amazon has gone through two major financial bubbles, but it has now grown to be the largest online retailer in the world. It is pricing its stocks per share at approximately 360 dollars todayà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“EBay, which is an example of a consumer-to-consumer e-commerce model (Turban et al., 2011a, p. 9), was spared the worst of the carnage of the Internet bubble burstingà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“The company was possibly saved because its product, online auctions, grew in popularityà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). During the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s first day of trading, they started at an offered price of 18 dollars, but the amount nearly tripled to 53 dollars the same day (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Priceline, which is an example of a consumer-to-business e-commerce model (Tu rban et al., 2011a, p. 9), was founded in 1998, just before the dot-com bubble burstà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). After the company saw its initial stock jump to over 86 dollars, à ¢Ã¢â€š ¬Ã…“the company saw its stock price crash to under 10 dollars post bubbleà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Priceline was able to survive due to the fact that the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s business model was retooled in the early 2000s to focus more on hotels than airfare. One share of Priceline stock costs over 1,000 dollars todayà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Shutterfly is an internet-based personal publishing service that allows users to create prints, calendars, photo books, cards, stationery and photo-sharing websitesà ¢Ã¢â€š ¬Ã‚  (Folger, 2011). The company was able to à ¢Ã¢â€š ¬Ã…“survive the dot-com burst and go public in 2006 with an IPO share price of $15.55à ¢Ã¢â€š ¬Ã‚  (Folger, 2011). à ¢Ã¢â€š ¬Ã…“Today, Shutterfly trades above 60 dollars per shareà ¢Ã¢â€š ¬Ã‚  (Folger, 2011). à ¢Ã¢â€š ¬Ã…“Coupons.com was founded in 1998 after realizing that the coupon business had yet to adapt to the new internet economy. In 2011, the company attracted 200 million dollars from institutional investors, and it was valued at one billion dollarsà ¢Ã¢â€š ¬Ã‚  (Folger, 2011). Companies that Diminished after the Fall of the Internet Bubble There were companies that survived the fall of the Internet bubble and are thriving in todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s business world. However, there were companies that would never be heard of again after the crash of the bubble. Pets.com was a pet food and supplies company that is perhaps the most recognized flop from the dot-com burst. The business model for this company was not sustainable. Pets.com lost 147 million dollars in the first nine months of 2000, and the company was unable to secure more cash from investors. Pets.com when public in February 2000 and its stock started at 11 dollar s per share, rising to a high of 14 dollars per share. The rally was short-lived and Pets.comà ¢Ã¢â€š ¬Ã¢â€ž ¢s stock quickly fell below one dollar and stayed there until its demise. (Goldman, 2010) Even though à ¢Ã¢â€š ¬Ã…“Pets.com is recognized as the most famous flop, Webvan was the biggest flopà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). à ¢Ã¢â€š ¬Ã…“The grocery delivery service grew too fast, expanding its services to eight cities in just a year and a halfà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). After reaching its peak at only 30 dollars per share, the company announced it was closing in July 2001 (Goldman, 2010). By this time, à ¢Ã¢â€š ¬Ã…“its stock had already fallen to six cents per shareà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). EToys.com was selling shares for $84.35 in October 1999, but à ¢Ã¢â€š ¬Ã…“16 months later the company warned its investors that these shares were worthlessà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). The online toy retailer was popular for holiday shopping (Goldman, 2010). H owever, à ¢Ã¢â€š ¬Ã…“after reporting a 74.5 million dollars loss in the last quarter of 2000, the company filed for bankruptcy with a 247 million dollars debt in February 2001à ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). TheGlobe.com is not remembered for becoming one of the first social media sites in 1995 that allowed users to create and post their own Web pages as much as it is remembered for its record-setting initial public offering. In November 1998, the company set the offer price at nine dollars per share, but the stock opened at 87 dollars. Shares of theGlobe.com had risen to a high of 97 dollars during its first day of trading before closing at $63.50. However, in August 2001, the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s stock was delisted by the NASDAQ stock exchange for failing to stay above one dollar per share. (Goldman, 2010) In 1998, Disney created Go.com to à ¢Ã¢â€š ¬Ã…“compete with the likes of Yahoo and AOLà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). à ¢Ã¢â€š ¬Ã…“In November 1999, Disney even created a tracking stock for Go.com, a separate class of stock that reflected the performance of the new Web propertyà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). After not being able to grow its user base by more than 21 million visitors per month, à ¢Ã¢â€š ¬Ã…“Disney announced it would shut down the site in January 2001à ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). à ¢Ã¢â€š ¬Ã…“The company took a write-off of 790 million dollarsà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). Go.com and the other companies that diminished after the fall of the Internet bubble were not necessarily failures because their share prices were valued to high at the beginning of their existence, but these companies were not able to build enough brand awareness during the time that other Internet companies were being overvalued. Therefore, the companies were not able to stay alive when the most popular companies were struggling to stay alive during the crash of the Internet bubble. Conclusion It has been seen throughout history th at when a bubble occurs, a crash is not too far from occurring as well. This was certainly the case with the Internet bubble in the 1990s. The dot-com companies involved wanted their services and products to be enough while they figured out a solid long-term business plan that investors could rely on. Investors did not care enough about the solid long-term business plans because they saw a huge amount of potential in the dot-com companies. This led to the investors overvaluing the companies that wanted to expand too fast to keep up with the valuation. The dot-com companies and the investors became part of a crash that would the demise of several companies. However, there were a few dot-com companies that were able to survive the burst of the bubble, and they have become some of the biggest businesses in todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s world. à ¢Ã¢â€š ¬Ã…“The amount and percentage of goods and services sold on the Internet is increasing rapidly, despite the failure of many dot-com com paniesà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011b, p. 88), so electronic retailing is still a needed segment in this world. à ¢Ã¢â€š ¬Ã…“According to the Internet Retailer, approximately 60 percent of adult U.S. Internet users shop online and/or research offline sales onlineà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011b, p. 88). Investors and companies need to prevent another bubble from occurring because the dot-com companies are part of a thriving industry. A great business model is the best place to start for these companies, and investors need to make this factor a priority when researching potential investments. Indeed, the dot-com companies that exist today have given a performance worth a high valuation, but investors should allow newer companies to prove their capabilities as well before overvaluing them. The burst of the Internet bubble in the late 1990s and early 2000s did affect the future of some dot-com companies in a good way, but some were affected in a bad way. These companies h ave significance in our present and future lives, so everything must now be done with caution to prevent the world from experiencing another burst of an Internet bubble. Don’t waste time! Our writers will create an original "The Rise and Fall of the Internet Bubble" essay for you Create order

Shakespeares Portrayal of Women Essay - 1133 Words

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Case Studies free essay sample

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I am sure the child is very insecure of the Human Services at this point. Especially due to the fact that she has had so many issues with them in the past, and nothing has been done, at least nothing that was making a positive impact on her future. I personally feel having a closer relation with this child and building up trust may be a very positive approach. Social service workers are helpers. One asset that we possess in this profession is the ability not to judge. In this profession, just like our lives, we see people progress and regress. It does not stop our willingness to help. However, we do change our tactics to help these individuals with each failed attempt. Scenario 2 John has been homeless for most of his adult life. He is often seen on the medians of busy intersections asking for food and money or wandering through the park talking to himself. John used to seek housing in a homeless shelter but often chooses to sleep in the local park. During the winter, the local homeless coalition attempts to talk to John about staying in the shelter but he refuses. Staying out in the cold has led John to being hospitalized on several occasions, but he maintains that he is better off without anyone’s help. 1. If you were a case manager for the homeless coalition what would you do to try and help John seek appropriate housing during the winter months? I would try to talk to John to see what happened all through his life and why he is homeless and why he refuses to stay in the shelter. There could be a mental or emotional underlying issue that could factor his reasoning with himself. I would try my best to offer John alternatives such as appropriate housing or shelter, along with assigning him to a case worker to follow up with and seek for resources. I would try to offer counseling and build that trustworthy client-caseworker relationship in order for him to understand and believe there are better ways to live in this world. Identifying the skills he may lack as well. It’s obvious John may be suffering from depression, lack of trust, and low self-esteem. The longer John remains in this state of mind it will be hard for him to get all his needs met. Adults, children and youth who have Developmental Disabilities are offered programs that range in intensity and setting according to their needs and desires – from highly supervised residential programs to job coaching and supported living. The Network strives to protect the welfare of individuals at-risk in numerous ways. I feel getting John involved in an organization like this one where he was taken c are of and receiving meds I feel he would be on the path to a healthy happy life. In this case it would be good to know what disciplines John most likely fit into. Psychology would be my choice. I would attack his mind and behavior for a solution. 2. How does John’s outlook about receiving help affect his ability to get his needs met? John has too much pride in his self to accept the help he needs. He is already got it set in his mind that he can make its own his own without any help from anyone. He thinks this is a handout to him. Many homeless have this mentality and they live day to day on the streets. John (as well as the many others) need to be reminded that these programs are here to help and are not a handout in any way, most of the programs that are out there for the homeless are set up to assist those in getting back on their feet and off drugs and the street. This is going to be a process in which we may have to take baby step to get the job done. First we must get John to trust us, and let him know we are his friends looking out for him. We must get him to a doctor, get him medicated and get his mental illness under control so he understands us and his situation better. I believe after those two steps we will see huge improvements in him, and I’m sure he will also want to make great changes in his life. . Resistant means they have to attend but they don’t participate, they miss their appointments, So, We want to give John whatever services he will accept. Scenario 3 Juan often runs away from home because his parents constantly fight and often blame him for their issues. Juan runs away for 2 to 3 days at a time and will do this at least once a week. When he is at home, he typically does not follow the rules and will yell at his parents and siblings. Juan has a history of defiant behavior, but his home environment has often been chaotic. Juan’s parents have been through family counseling, but they feel it was not helpful and are reluctant to do it again. Juan sometimes will run to a local group home that takes in runaway youth. 1. If you were a counselor at the group home, how might you work with Juan to get him to stop running away from home so that he is not sleeping on the streets? I would try to talk to Juan to ask him why his parents are fighting about and why does he think he is the blame. Then ask him has he ever sat down and had a talk with his parents to see if he can help them out being he is the oldest in the family. I would try to get Juan to understand that the only blame he should take responsibility for would be any deviant behavior that he does. His parents fighting and him being blamed for it is just a way for them to pass the buck onto him and make him feel bad. He is not responsible for his parents fighting and once he can realize that and put measures of emotional protection he would not feel the need to run away. However I would encourage Juan to seek positive ways to handle and deal with the stress from home, whether becoming involved with sports or other positive groups. Juan would be offered therapy and anger management classes. Trying to figure out what makes him the angriest and we both figure out a solution to the problem so that he can remain in his home every night and learn the importance of rules as well. . Parent’s sometime worry when t hey don’t know where their kids are, therefore, causing arguments. I would show him ways he could be an influential key to the other kids in the house. 2. How might you try to work with the family even though they have participated in family therapy previously and did not find it effective? I would try talking one on one with each family member. Since I have already talk to Juan, I would talk to his mother to see what she has to say and how she feels. Then I would talk to his father to see if he has been in Juan’s life from birth to now. After talking to the parents then I would talk to his brothers and sisters to see how they feel about him. Once I have completely talked to everyone I can understand what really happen or have a whole picture of all the problems. Then I will bring the whole family together and let them express how they really feel and how they want to stay a happy family. Encourage the parents to understand and accept the fact that there is a problem in the home and it starts with them. As a counselor there would be weekly follow up visits with the family. The family would be offered resources and as a whole we all work together to find a solution to the problems inside the household. I am a firm believer that one should never give up. And as a human services worker, I will never give up on a patient or a family. Maybe, they weren’t ready to change with the first session, I feel we must give up all we got in order to show change and get a positive result. To break the ice, I would start by asking questions like, â€Å"What do you see the problem being? † This gives the parents some since of control in helping the problem. I would suggest marriage counseling to stop the arguing. There has to be another reason for their arguments other than Juan running away.

Suzlon Energy INC.

Economics analysis of Suzlon Company Market share valuation Vestas wind is a leader in this business a fact attributed to its significant presence both on local and global scale. Diversification into the two main segments is associated with big economies of scale allowing enterprises to diversify further in production and concentrate on venturing into new markets (Watts and Chapman, 1982).Advertising We will write a custom report sample on Suzlon Energy INC. specifically for you for only $16.05 $11/page Learn More Figure 1: Global Market share held by wind power companies. Cash flow analysis Suzlon Company seems headed for robust financial times; the above analysis indicates that generally, for the past five years the company has been experiencing a growth rate of 23% in profit before tax figures. This could be attributed to the fact that over the past few years the company tried maintaining low level of expenditures and increasing income (Watts and Cha pman, 1982). Figure 2: Cash flow analysis. Table 1: Analysis based on Technological, Organizational and Personal perspectivesAdvertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Perspective Technological Organizational Personal 1. Use of wind as a source of energy. Wind is perpetual in supply capability. Cost of producing electrical energy from wind is reduced significantly. Wind provides an alternate cheap source of power compared to other means. Wind is a source of energy that has less pollution effects to environment. Increased sources of financial revenues to the business. Citizens enjoy increased standards of living due to available cheap power source. 2. Local production of wind turbines. Wind turbines are suited to local wind conditions. Increased levels of business transactions. Greater customer satisfaction for services offered. High efficiency in power production. Realiza tion of big Economies of scales. Increased Gross Domestic Product value for local economy. Increased market share to the business More job Opportunities avenues available. Less costs incurred in goods sold. Increased mark up values for business. 3. Diversification of services by the wind business. To cater for both global and local specific needs of customers. Increased efficiency in business performance. Less time needed to break even in business cycles, results to increased profitability. Introduction of dedicated personnel in management. Increased operational efficiency to business. Efficient implementation of strategies Increased revenues to the business. Consolidation of market share and customer satisfaction. 4. Global Account Management system To cater for global customers with diversified needs. Leader in solution provisions to array of challenges to consumers. High business ethics is embraced by business. Easy access to capital financing. Low interest rate s offered on loans. Facilitates expansion strategies. 5. Hindrance to Global Account Management system Introduction of new managerial skills in transition of business. Changes in personnel management are inevitable. Work culture changes to new business dimensions. Gap of this case study The case study is deficient in provision of adequate briefing about organizational culture at Suzlon and how it would be affected when the organization goes global. Culture could be referred to as an integration of human societal beliefs and knowledge. Work culture is a great compliment to business operation and performance. It is believed that good work culture is a critical prerequisite for an improved organizational development. Management of organizations which are in the process of transforming towards global scale is usually faced with tasks such as adoption and integration of inherent work culture on global level for performance driven business. It is stated clearly that in the ever dynam ics of the business world, flexibility in work culture has to be embraced for the purposes of meeting local specifications so that it could not act as a hindrance to company’s performance (Bruno and De Souza, 2009). Additional considerations The current problem at the institution is flexibility in embracing demands of both local and global clients through provision of dedicated central management accounting system. Locally, the organization has thrived due to their strong association with social values, tradition and systems of the immediate environment. Application of six sigma principles in organizational culture is recommended for (Fontaine, 2007) business which is undergoing transformation process from local to global status. The purpose is provision of training solutions with large avenues of transforming duties in management structure, being largely driven by diverse consumer needs. It is critical for a transforming company to make decisions based on analysis of site, s pecific conditions of a market, offering efficient management strategies used in driving profits and revenues towards new levels. The solution for this is selecting competent management personnel as future leaders, who are capable of integrating systematic new work culture change without causing shocks within business operations through well laid transformational process.Advertising We will write a custom report sample on Suzlon Energy INC. specifically for you for only $16.05 $11/page Learn More Delegation of a global account at suzlon In designating a Global Account Management, suzlon requires a three tier framework. The first tier comprises global accounts (Customer orders and payment, Customer support and care and Personnel management) managed according to categories related to Global markets, so that customers are categorized to achieve economies of scale (Watts and Chapman, 1982). Second tier comprises regional management of accounts while third t iers have site specific accounts for specific areas of business operations as shown in figure 3 below. Figure 3: Proposed Global Account Management for Suzlon Company. Management at GAM The GAM should be headed by a Chief Executive Officer whose functions are to direct and implement strategies for the business as provided for by the management board. Directly under him/her are the global account managers whose mandates are coordinating and executing management of global accounts to whom regional mangers report to. At the very end are site managers who are critical in providing tailor made solutions for local customers. In resolution of conflicts, personnel managers at each tier will be mandated to execute settlement of conflicts specific to each area of operation (McNeill, 2009, pp 12-29).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Rolling out GAM GAM should be rolled out limited to specific customers, covering more of them over time. This provides time for management to be tandem with the use of the system gradually and also to cultivate new work culture among the employees avoiding the unnecessary burden of shock in work culture. Lastly this process will allow feeding of relevant data at specific tier of GAM management (McNeill, 2009, pp 12-29). References Bruno, F. C., De Sousa, P. O., (2009). Organizational Culture: How to Measure it – A  Case Study. Brazil: Nova Lima. Fontain, C., (2007). Six Sigma’s Contribution to Organizational Culture. Berlin: Northeastern University, Print. McNeill, R. G. (2009). The Go-To-Market Frontier: Global Account Management (GAM).  Journal of Global Business and Technology (1), 12-29 Watts, J. M., Chapman, R. (1982). Engineering Economics.  Washington DC: National Institute of Standards and Technology This report on Suzlon Energy INC. was written and submitted by user Camilo F. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Eleanor Maccaoby

Eleanor Maccoby is a renowned psychologist, with publications dating from 1957 to today. She specializes on the socialization of children, developmental change in personality and behavior, relationships of couples after divorce, and parent-child interactions. In this review I focus on her work examining the socialization of children, and parent-child interactions. I link her work between the socialization of children, from their interactions with their parents and with other children, to the interactions of adults. There is a clear parallel between the sex-typed skills learned in child-interactions and those conveyed in adult interactions. Parent–Child Interactions Maccoby looks at the development of gender through interaction: â€Å"social behavior is never a function of the individual alone. It is the function of the interaction between two or more persons† (Maccoby 1990). Maccoby’s earlier work dealt with parental effects on children’s gender identity, focusing on the sex stereotypes that parents instill in their children through interaction. Rothbart and Maccoby (1966) studied parents’ reactions to specific child behaviors, especially those regarded as sex-typed, like dependency and aggression, in hopes of understanding what accounts for sex differences in behavior. Social-learning theory addresses the finding, that girls display more dependent behaviors than boys, and boys display more aggressive behaviors than girls. And that dependent behaviors are less rewarded for males, just as aggressive behaviors are less rewarded for females (Rothbart and Maccoby 1966). Using social-learning theory, and assuming that the family constitutes the â€Å"culture† into which a young child is exposed, Rothbart and Maccoby (1966) predicted that both parents would reinforce dependency more strongly in girls, and aggression more strongly in boys. Rothbart Maccoby (1966) tested their prediction by placing parents in a hypotheti... Free Essays on Eleanor Maccaoby Free Essays on Eleanor Maccaoby Eleanor Maccoby is a renowned psychologist, with publications dating from 1957 to today. She specializes on the socialization of children, developmental change in personality and behavior, relationships of couples after divorce, and parent-child interactions. In this review I focus on her work examining the socialization of children, and parent-child interactions. I link her work between the socialization of children, from their interactions with their parents and with other children, to the interactions of adults. There is a clear parallel between the sex-typed skills learned in child-interactions and those conveyed in adult interactions. Parent–Child Interactions Maccoby looks at the development of gender through interaction: â€Å"social behavior is never a function of the individual alone. It is the function of the interaction between two or more persons† (Maccoby 1990). Maccoby’s earlier work dealt with parental effects on children’s gender identity, focusing on the sex stereotypes that parents instill in their children through interaction. Rothbart and Maccoby (1966) studied parents’ reactions to specific child behaviors, especially those regarded as sex-typed, like dependency and aggression, in hopes of understanding what accounts for sex differences in behavior. Social-learning theory addresses the finding, that girls display more dependent behaviors than boys, and boys display more aggressive behaviors than girls. And that dependent behaviors are less rewarded for males, just as aggressive behaviors are less rewarded for females (Rothbart and Maccoby 1966). Using social-learning theory, and assuming that the family constitutes the â€Å"culture† into which a young child is exposed, Rothbart and Maccoby (1966) predicted that both parents would reinforce dependency more strongly in girls, and aggression more strongly in boys. Rothbart Maccoby (1966) tested their prediction by placing parents in a hypotheti...

Critical study of the parametric model development process The WritePass Journal

Critical study of the parametric model development process Abstract: Critical study of the parametric model development process Abstract: 1. Introduction2. The Proprietary Model Development Process3. ConclusionsReferencesRelated Abstract: Complex parametric models may consist of many interrelated cost estimating relationships (CERs), as well as other equations, ground rules, assumptions, and variables that describe and define the situation being studied. Models generate estimates based upon certain input parameters, or cost drivers. Parametric models can generally be classified as commercial or company-developed. This review provides practical information about developing, deploying, and maintaining company-developed parametric models. Company-developed models – also referred to as company-owned, in-house, or proprietary models – differ from cost estimating relationships (CERs) because of their higher level of complexity, and the range of costs they estimate. Commercial parametric estimating models, available in the public domain, use generic algorithms and estimating methods which are based on a database that contains a broad spectrum of industry-wide data. Unlike commercial models, company-developed mo dels are designed for the specific estimating needs of an organization or to describe a particular product. A proprietary model offers an alternative to trying to use a commercial model to meet an organization’s unique estimating requirements. JEL classification: C50, C51 Key words: equation, parameter, parametric model, commercial model, proprietary model 1. Introduction A parametric cost model can be viewed as the collection of databases, cost estimating relationships (CERs) [1], cost factors and algorithms, which together are used to estimate the costs of a system and its components. A parametric cost model uses known values to estimate unknown ones. Industry use parametric models to support conceptual estimating, design-to-cost analyses, life-cycle cost estimates, risk analyses, budget planning and analyses. Parametric models can also be used as the basis of a cost estimate in preparation of firm business proposals, or in the independent assessment of cost estimates prepared using a traditional estimating approach. Models generate estimates based upon certain input parameters, or cost drivers. Parameters â€Å"drive the cost† of the end product or service being estimated. Some examples are weight, size, efficiency, quantity, and time. Some models can develop estimates with only a limited set of descriptive program inputs; others, however, require the user to provide many detailed input values before the model can compute a total cost estimate. A model can utilize a mix of estimating methods, and it may allow as inputs estimates from other pricing models (or information systems) or quotes from external sources, such as subcontracts. Several companies implemented commercial parametric estimating hardware models, which can rapidly compute development and design costs, manufacturing costs of prototypes, and production unit/manufacturing support costs. Commercial parametric estimating models use generic algorithms and estimating methods which are based on a database that contains a broad spectrum of industry-wide data. Because this data encompasses many different products, a company working with a commercial parametric model must calibrate it before using it as a base of estimate for proposals submitted to the higher-tier contractors. Calibration tailors the commercial model so it reflects the products, estimating environment, and business culture of that particular company. A proprietary model offers an alternative to trying to use a commercial model to meet an organization’s unique estimating requirements. Proprietary models are developed for an organization’s own product and cost estimating needs and are, in effect, self-calibrated. Proprietary models can be implemented for a variety of estimating purposes, and have a wide range of complexity, completeness, and application. 2. The Proprietary Model Development Process The major activities involved in developing a proprietary model are: Step 1: Identifying the Parametric Model Opportunity One of the most critical steps in the proprietary model development process is the identification of a good opportunity for implementing a parametric model. This involves two points. First, it is important to investigate the feasibility of developing the model, which entails an evaluation of both its technical feasibility and cost effectiveness. Technical feasibility refers to the ability of the model to meet the estimating needs of the organization, and examines whether the organization has the resources to develop the model within a reasonable timeframe. This includes performing a cost-benefit analysis to decide whether a proprietary model would be cost-effective to implement and maintain. All potential benefits should be considered in the cost-benefit analysis; for example, contractors have achieved significant savings in proposal preparation, evaluation, and negotiation through the implementation of proprietary parametric estimating models. Other contractors have achieved additio nal benefits through multiple applications of the same model, such as for design studies, target costing, and contract risk management as well as basic estimating. The second critical point involves gaining the support of internal upper-level (including program) management and key customer management. If the model then meets the acceptance criteria provided by these groups, they agree to support its proper application in subsequent proposals. Little good comes from implementing a proprietary model if there is no internal management buy-in, or no support from the key customers on the estimating technique. Also, the firm’s management will want to understand the results of the feasibility study so it can properly assess the financial investment required to support model development and on-going maintenance activities, such as training, model enhancements, and software corrections. On receiving approval to begin development from internal and external management, the contractor establishes an implementation team to guide the creation of a valid proprietary model. This team should include representatives from the company and key customers. Step 2: Information Systems Needs When implementing a proprietary model, the organization should commit and obtain the necessary resources for information systems development and support activities. Information systems support is required for a variety of functions: defining the formal system requirements needed to support the cost estimating model (e.g., hardware, software, interfaces with other systems); testing the model to ensure it adequately satisfies all end-user requirements; maintaining the integrity of the model throughout its life span by establishing procedures to manage and control all changes (i.e., configuration management); providing software support services once the model is deployed to keep it operational (e.g., corrections, revisions, miscellaneous enhancements). When simpler models are implemented (e.g., spreadsheet models), the degree of support is smaller, but the configuration management and long-term maintenance issues still must be addressed. Step 3: Data Collection and Analysis Historical costs should be used, with the development team ensuring that they are relevant to the firms current operating procedures. In an effort to include as much relevant cost data as possible, analysts normalize it as it is incorporated into the database [2]. They adjust data so it is as homogeneous as possible (e.g., similar in content, time value of money, quantity), and does not contain anomalies. Programmatic, noncost data may also require normalization. The analyst must assess the condition of each program’s data and make appropriate adjustments as required. When developing a model, the team identifies the main characteristics, called the primary cost drivers, that are responsible for, and have the greatest impact on, the product or services cost to be estimated. Step 4: Model Development The development of a proprietary model incorporates many anticipated uses and goals such as estimating/users’ requirements, availability of credible data, life-cycle costs, systems engineering costs, forward pricing rates – and it must integrate these into the parametric estimating approach. The modeling process, in particular, focuses on these tasks: specifying the estimating methods for accomplishing the estimating goals; -identifying the job functions and other elements of cost that will be estimated; defining data input structures; Proprietary models may contain a number of different estimating techniques. Step 5: Calibration and Validation Parametric models are calibrated and validated before they are used to develop estimates for proposals. Since proprietary models are based on an organization’s historical data, they are considered to be self-calibrated. Validation is the process, or act, of demonstrating the proprietary model’s ability to function as a credible estimating tool [3]. Validation ensures: estimating system policies and procedures are established and enforced; key personnel have proper experience and are adequately trained; proper information system controls are established to monitor system development and maintenance activities in order to ensure the model’s continued integrity; the model is a good predictor of costs. Models should be validated and periodically updated to ensure they are based on current, accurate, and complete data, and that they remain good cost predictors. The purpose of validation is the demonstration of a model’s ability to reliably predict costs. This can be done in a number of ways. For example, if a company has sufficient historical data, data points can be withheld from the model building process and then used as test points to assess the model’s estimating accuracy. Unfortunately, data sets available are often extremely small, and withholding a few points from the model’s development may affect the precision of its parameters. This trade-off between accuracy and testability is an issue model developers always consider. When sufficient historical data are not available for testing, accuracy assessments can be performed using other techniques. Another testing methodology compares a commercial program’s final cost to the proprietary model’s estimate of it. However, it may be months, or years, before this approach can be applied to a given program. The model team may use this method when a program is near completion, or is at a point where a meaningful earned value performance index for it can be determined. Step 6: Estimating System Policies and Procedures After validation, the company must modify its estimating system policies and procedures to explain the appropriate use and application of the model for reviewers and company users. In particular, the model’s developers need to document its proper use as a valid bidding tool. Companies should also explain the model’s design, development, and use. For example, the contractor, as part of its support for the follow-on production model and estimating tool, developed a detailed manual containing information about the mechanics of the model, its estimating methodologies, and the timing of updates. The company also amended its Estimating System Manual to include a section on the model, and to refer the reader to the model’s own manual. Step 7: Internal Approval Process Model developers need to assure company representatives that the model relies on the firm’s historical data and, therefore, captures how the company executed similar projects in the past. Any departmental budget allocations produced by the model should reflect the average budgetary split the firm has historically experienced.   Developers should also consider the fact that a model, if approved, might change the way the company anticipates executing an existing (or planned) program (e.g., the project director may need to shift work and modify the budget). This obviously affects the circumstances under which other company personnel would approve the model. A best practice from contractor experience involves the integration of the company representatives into the model implementation team. As an example, when implementing the follow-on production model, the model designers, from the beginning, solicited the participation of key internal representatives. During the development of each module, the team incorporated the inputs of the functional department primarily responsible for executing that portion of the project which the module was designed to estimate. Although the Finance Department led the model building effort, it continuously reviewed its progress with representatives from the Engineering and Manufacturing Departments. These representatives were responsible for coordinating and obtaining any necessary information from their organization, and keeping management informed. Step 8: External Approval Process Although a company may internally approve a model, the customer must also be shown that the estimating approach is valid. The involving of customers in up-front decision facilitates their acceptance of parametric techniques. In seeking acceptance of a proprietary model, the company formed a Continuous Improvement Process (CIP) team [4]. The team’s composition included company representatives from various departments. All team members participated in establishing selection criteria for the model’s database. Based on the selection criteria, the contractor personnel collected actual cost data from many contracts. When using the model for the first time with a buying organization, the CIP team invites the buying organization to the company for a joint review and explanation of the model. Immediately after obtaining funding to develop the model, the developing company discussed it with other contractors, additional government organizations, to ensure widespread support in data collection and model validation. Including customers on the development team does not guarantee a model’s acceptance, of course. It does ensure that the customer has a voice in the model’s design and usage, but the model’s ability to reasonably predict costs is the ultimate basis for acceptance. No person, internal or external to the company, can prove this before final development and testing. Step 9: Model Maintenance Through the development process, the team develops a sense of how often the model needs updating. Maintenance activities include not only the incorporation of new data into the model, but also an evaluation of the mathematical relationships between the technical parameters and the costs the model estimates. Periodic evaluation of the model is required to ensure the estimates are relevant and the contractor is using the most current, accurate, and complete data. New data is contributed as programs mature and, occasionally, from non-company sources. In some situations, the cost modelers develop new CERs, based on a subset of the original database, in order to better match a new estimating requirement. The process of maintaining a model involves keeping an audit trail of the CERs developed, the data points used, and their statistical effectiveness. 3. Conclusions Company-developed parametric models – also known as proprietary models offers an alternative to use a commercial model regarding organization’s own product and cost estimating needs. No company or individual can develop a valid model without the participation of a number of key people which include the customers, all interested company personnel, and government representatives. Some concepts should be considered by all implementation teams as follows: establish a process flow and target development dates to ensure all team members provide their inputs to the models design; consider the costs and benefits of model development; evaluate commercial models as an alternative to proprietary development; remember that the goal is to establish a more efficient and reliable estimating system, not just create a model. References Stuparu D., Vasile T., Stanciu M. The Cost Estimating Relationships (CER’s) modern method for predicting cost, Revista Academiei ForÃ… £elor Terestre, nr. 1/2010. Vasile T., Stuparu D., DÄÆ'niasÄÆ' C.I. Collection and Normalization of Parametric Data, Analele UniversitÄÆ'Ã… £ii din Oradea, Tom XVIII, vol. II, 2009, pp. 703-708. Stewart R.D., Wyskida R.M., Johannes J.D. Cost Estimators Reference Manual, 2nd Edition, New York, Wiley, 1995, pp. 57-67. * * * ceh.nasa.gov/webhelpfiles/Cost_Estimating_Handbook_NASA_2004.htm

Refection paper Essay Example | Topics and Well Written Essays - 1000 words

Refection paper - Essay Example The speaker based her presentation on life experience and the entire event was informative and identified concepts that are applicable to my real life situation (Syracuse University). The event was informative and improved my knowledge on existence of challenges from different aspects of life. It also enlightened me on different aspects of life and their roles in facilitating strength and coexistence among individuals. With the knowledge of natural and human imposed limits, the event taught me of the benefits of courage in facing challenges. A courageous heart will for example have strength to embrace difficulties and uncertainties until success is realized and therefore reduces chances of missed opportunities. The event has also taught me the concept of persistence and determination in pursuing a venture. These concepts define continued efforts in spite of possible challenges in a situation and they eliminate possibilities of losing a viable opportunity because of lost hope from frustrations. Close to the concept of persistence is the concept of perseverance that I also learnt from the unit and that facilitates success in initiatives (Syracuse University). I also learnt of the importance and significance of having a purpose in an individual’s life, of having a driving factor in a person’s life, of being spiritual and being able to maintain established potentials. A purpose establishes targets to be attained and facilitates development of strategies for attaining those targets. I have also learnt to understand purpose as an intrinsic motivator that encourages efforts towards achieving desired goals. The event also enlightened me of the need to be a motivated person in order to embrace and even overcome challenges in life. Hope, courage, and faith that are developed from spiritual aspects of life are other sources of power and strength towards managing challenges and overcoming them to achieve success (Syracuse University). The ‘30th Annual

Exploitation of Oversees Labor by Multinational Companies Research Paper

Exploitation of Oversees Labor by Multinational Companies - Research Paper Example It is therefore not appropriate to say that the companies move to undeveloped countries to exploit their cheap labor as the country also benefit largely from new employment opportunities created and revenues that help the countries to develop (Drusilla K. Brown, Alan V. Deardorff, &Robert M. Stern, 2002) Nevertheless, businesses are bided by a code of ethics which are moral values that determine how individual, group organization and business transact their businesses. These can be applied to all form of businesses as they are universal and business must follow them in order to respect human dignity during transaction. Business being unethical means that it operates against the universal code of ethics which prevent it from immoral ways of gaining profits through exploiting human recourses. With the main objective of the business being making profits, it must ensure that it contributes and respect human dignity despite their states of need (Flanagan & Robert 2006, p.118). Labor in US has become so expensive for many companies to operate at a profit. As a result, many companies have moved its operations to other countries to countries where there are high levels of unemployment. Their move can be looked in two dimensions. One is that the companies are doing favor to the local society through providing them with labor. But, on the other hand it can be perceived as exploiting cheap labor. Cheap labor can be perceived to be labor which can be obtained at a low cost and is worth of no respect (Drusilla K. Brown, Alan V. Deardorff, &Robert M. Stern, 2002) One of such companies that exploit cheap labor overseas through opening up of production branches in developing countries is IBM. This is a company that mainly deals with software development which is an expensive sector when it is operated in United States. This has forced the company to open its branches in India as the level of running such a business is low. Due to high population the government has found it har d to be able to support the high population making majority of them to live below the poverty level. Some of the skilled personnel who have the same qualifications as those in United States are unemployed therefore; when such an opportunity arises they are ready to offer their labor despite being paid lowly. Despite the undeveloped countries having many employment challenges that hinder them from putting up laws and regulations that would prevent United States companies from exploiting overseas labor, the companies should not use this as an opportunity to make enormous profits on behalf of the poor citizens. This is because the company will be increasing the poverty levels in the country as after exploiting the resources, the money obtained is then transferred back to United States. Instead the company should participate in corporate social responsibility through involving itself with maters that would improve the welfare of that country or the society. Mainly, the companies that ar e involved in using overseas labor are those whose operations cannot be easily mechanized therefore; need a lot of labor to run its processes. Clothing industry is one of those sectors that have established their companies overseas. This has enabled the company to be able to utilize both the available cheap labor and raw materials. With the advanced technology due to globalization, management of these branches have been

Existentialism in My Eyes Essay Example for Free

Existentialism in My Eyes Essay To begin with I would like to briefly what the dictionary defines as existentialism. A philosophical theory or approach that emphasizes the existence of the individual person as a free and responsible agent determining their own development through acts of the will(merriam-webster). It is a a 20thcentury philosophical movement that places the main emphasis on the existence of humans. Existentialism calls attention to freedom of action and freedom of choice. According to this theory one is always free to act in any way he or she wills and should not consider others actions, thoughts or views in doing so. Since every person in considered to bought into the world alone and thena gain die alone they are not expected to be courteous or considerate to the people around them. Esentially we are all responsible for our own existence. However existentialism is so vague in its definition because it is viewed so differently by so many people. Not just scholars but those who study the term as well. The fathers of existentialism are said to be; Soren Kierkegaard and Friedrich Nietzsche, although the phenomenological version of it begins in Heidegger,who vehemently denied being an existentialist, Sartre, and continues through Kafka and Camus. Since most existentialist thinkers never used that word to describe their philosophies,Sartre did, but purportedly rejected the term on his deathbed, you will find some differences between them However existentialism and those who live it tend to have certain characteristics according to most scholars:  ¦they are obsessed with how to live ones life and believe that philosophical and psychological inquiry can help. ¦they believe there are certain questions that everyone must deal with (if they are to take human life seriously), and that these are special existential questions. Questions such as death, the meaning of human existence, the place of God in human existence, the meaning of value, interpersonal relationship, the place of self-reflective conscious knowledge of ones self in existing. Note that the existentialists on this characterization dont pay much attention to social questions such as the politics of life and what social responsibility the society or state has. They focus almost exclusively on the individual.  ¦By and large Existentialists believe that life is very difficult and that it doesnt have an objective or universally known value, but that the individual must create value by affiriming it and living it, not by talking about it.  ¦Existential choices and values are primarily demonstrated in ACT not in words.  ¦Given that one is focusing on individual existence and the existential struggles (that is, in making decisions that are meaningful in everyday life), they often find that literary characterizations rather than more abstract philosophical thinking, are the best ways to elucidate existential struggles.  ¦They tend to take freedom of the will, the human power to do or not do, as absolutely obvious. Now and again there are arguments for free will in Existentialist literature, but even in these arguments, one gets the distinct sense that the arguments are not for themselves, but for outsiders. Inside the movement, free will is axiomatic, it is intuitively obvious, it is the backdrop of all else that goes on. There are certainly exceptions to each of these things, but this is sort of a placing of the existentialist-like positions. (Corbett,1985). Existenitialism focuses on several principles , however there are three major ones; Subjectivity, Anguish, and Forlornness. Subjectivity is the first principle of Existentialism. Subjectivity means the name we are given when charges are brought up against us. This idea that we are born with a plan in mind. It is what we will make for ourselves for our future. You never know where your life is going to take you . Angusish is the feeling that Satre made reference to when we realize that we are totally reponsible for not only our own existence but all of mankind. When we speak of forlornness, a term Heidegger seemed to use often , we mean only that God does not exist and that we,ust face the consquence of that reality, that God is not responsible for our existence but we are The feeling of forlornness stems from an individuals realization that people are alone in the world, unable to rely on anything absolutely or anyone. Though these three are the major principles I I personally value the idea of authenticity that existentialism seems to focus on. It fits perfectly in modern society It allows the idea that being true to ones character, personality, and choices is required to be authentic Modern day society has created cookie cutter facades that has us all boxed into roles and classifications. Which is why most modern day philosophers tend to view traditional and academic ideologies as too abstract or remote for current society. I sometimes think its not the theories that are remote but the uppitiness of the ivory tower in its presentation that makes them seem too difficult to master. However to me its like the 2+2 theory, that the origins of philosophical thought must stem from human experience. Another answer is that the authentic attitude is very simple. It strips away the complications of people telling you how to live and what to do and who you should be. Its appealing to those surrounded or overwhelmed by the cacophony of voices in todays society, especially to young people. It is the expression of freedom in a world of constraints. Again, Sartre might have rejected some of this as being not what he meant by authenticity. But really the point is that these attitudes are popular. I think I should go back to the beginning again. What does authenticity mean? Perhaps, for the authentic person, ones moral appearance is at all times in all places and in all respects ones moral reality. The authentic person lives according to her own moral standards, does not pretend to be something she is not, does not create the apppearance of morality but in their heart be privately dissolute. This, to me, is the most appealing definition of authenticity. When it comes to defining truth, Existentialism has couple of points. To begin with, â€Å"truth† is defined by a person individual life experiences. Their reality and experiences influences their ultimate view on the world. It is considered that to view of the world is already the truth and in their world it is. This is because in Existentialism truth is something that is based on facts and not on emotions. Though, the truth can be used in a good way or bad way, so to say acting in good or bad faith. Thus, in the concept of truth it is once again pointed out that every individual has a freedom of choice. It is interesting that Existentialism considers an act to be good and something to be true if it is performed in a way that the entire human race would be represented. This seems to be enough to attest an act as a moral one. Modern existentialism seems to show up often in films. One must not confuse Existentialism and Post Modernism though. Key ideas include 1. Retaining authenticity in a mechanical, apathetic world is dejected. because autencitiy relates to a reality that simply does not exist. 2. The feelings of alienation and loneliness that come about from being unique in a world of many, and the consiciousness of death. 3. Everydayness Referemces 1. Corbett B. , 1985, What is Existentialism? Retrieved december 21,2012 from http://www2. webster. edu/~corbetre/philosophy/existentialism/whatis. html .

Albert Einstein Essay -- Biography Biographies

Albert Einstein Albert Einstein (1879-1955) is believed to be the greatest scientist of the 20th century. He developed many theories that led to many breakthroughs. With his well-known famous look, the white messy hair and the absent-minded look on his face, he was the perfect example of the typical scientist. Einstein became internationally renowned as a leading scientific thinker and as an accomplished mathematician. His contributions to science have left a lasting impression throughout the universe. Albert Einstein was a highly intelligent man who earned many honors and accomplishments. Born into a Jewish family at Ulm, Germany on March 14, 1879, Einstein spent his youth in Munich, where his father, Hermann and his uncle, Jacob Einstein, owned a small shop that manufactured electric machinery. His mother encouraged him to study music, but it was his Uncle Jacob who inspired his fascination for mathematics. As a youth, he showed a brilliant ability to understand difficult mathematical concepts. In 1895, Einstein failed an exam that would have allowed him to study for a diploma as an electrical engineer in Zurich. Following the failing of the entrance exam, Einstein attended secondary school at Aarau and planned to use this route to enter the school in Zurich. In 1900, he succeeded with his plan graduating as a teacher of mathematics and physics. For two years Einstein worked as a tutor and substitute teacher. In 1902, he secured a position as an examiner in the Swiss Patent Office in Bern. Einstein married Mileva Maric in 1903, a classmate of his, and they had two so ns named Hans Albert and Edward. However, the outbreak of World War I made him separated from his family and him and his wife divorced in 1919. Einstein late... ...arted preparing for death by drawing up his will in 1950. One week before his death, Einstein signed his last letter. It was a letter in which he agreed that his name should go on a manifest urging all nations to give up nuclear weapons. Albert Einstein died during his sleep April 18, 1955 in Princeton after many years of bad health. "Albert Einstein ranks with Galileo and Newton as one of the great conceptual revisers of our understanding of the universe," Jonas Maxe. All of his life Albert Einstein devoted himself to the world not only with his scientific accomplishments, but his political and social causes as well. It is amazing that the one person who gave us the conceptual understanding of the universe made his last act before death a plea for international peace. Albert Einstein contributed to the world lasting meaning and will always be remembered by that.

Hum 176 Week 9

PART ONE As a local television Director, my main focus is on the local news and the issues that affect the community in which I live. I would choose to make the closing of the parks for three days my lead story and leave the celebrity death to the bigger networks. My first priority is to report news that affects the citizens of the community that I serve, even with the prospect of bigger ratings; I would feel an obligation to my audience to report issues that are more closely related to them.I would have an intense investigation on the money issues that has caused the city council to start looking at ways to save money. I would send a reporter to talk to each council person to obtain any information into the current expenditures that the city has invoked. There would be a run of the initial story set up on our local news website, which would include a blog box to obtain audience’s feedback and comments. Prior to the city council meeting, I would have run a couple of the storie s that the investigating reporters had found and announced the time and place of the city council’s meeting.This way those that are interested in attending will be well informed and those that did not know will know have the ability to participate. One reporter and crew would be assigned to give onsite coverage of the meeting, which could report breaking news on the vote and how it might affect the community. One reporter will man the website giving updated information on the voting and answering any questions that may arise from bloggers. Once the vote has been tallied, we connect with the on-scene reporter with the results.Now, the reporter on-scene will also be responsible for the follow-up story. Getting information from the city council persons on why they voted the way they did, what comments do the elected officials have in response to how they voted and why, and are there alternative ways to save money other than closing the parks? Some key questions that need to be a sked are: how will this affect the community, are there more budgets cuts coming to save money, and what are the long term effects that the community might need to be aware of?These questions play an important role for the audience and how their lives will be affected for the months to come. Giving resident’s the ability to post their comments, good or bad, on the website is also extremely important, the feedback can be used to gauge the community’s reaction to what was reported and it can serve as a forum for people’s voices being heard by the city council. The follow –up is just as important as how it all began, following other stories that are related to the park’s closing and money saving ideas by the city council need to be investigated.Any important shut downs or closures must have priority over no community based issues. We must focus on the goal of serving our community and understand that, yes, there are ratings to be made airing the popul ar stories, but if one issue slips by our attention the community will turn on our station. PART TWO For years our society has transformed from one era to another. These changes were made because of our cultures demand of better products; it also was changed with the creation of advance technology.Inventions such as the radio, television, electricity, transportation, and computers have shaped our culture into what it is today. When culture changes, so do the things our cultures like such as movies, television programs, and games. These changes are seen as an evolution for the better. Our culture has played a major role in movies and television shows along the years. War of the Worlds, which was originally broadcasted on radio in 1938; showed a time when the reports of UFO’s and aliens were on everyone’s mind.Orson Welles created it as an entertainment broadcast, which caused a panic across the country. Later, it was made into a movie and depicted the events that happen ed when people thought that the broadcast was true. Movies such as Men in Black, Signs, Predator and Aliens have played on the Orson Welles saga and shows our culture’s interest in life on other planets, which still persists today. Era movies such as Platoon, Apocalypse Now, Thin Red Line, and We Were Soldiers Once show our cultural involvement in many wars and conflicts.Television shows followed the same type of evolution. Hogan’s Heroes, X-Files, Brady Bunch, The Walton’s, and the multiple reality shows that air today all reflect the things that people have going on in their lives and how they can relate to the programs they watch. You take shows from 20 years ago and compare them to the shows today; you will find a vast difference in language, violence, sexually explicit content and gore. This is due to the change in our culture which has directed the television shows and movies to evolve to where they are today.Gaming has really evolved of the last ten years , originally created as entertainment for children, it has actually captivated all ages. Starting with simple graphics and controls, as our culture evolved, so too did the demand for better graphics, controls and more games. The first games systems I can remember was Atari and know we have Xbox, PS3 and Wii to name the top few. Going from table tennis to interactive games which can be controlled by a person’s body shows how our culture’s advancements have played a role in the gaming industry.Due to the War in Iraq, games such as Modern Warfare and Call of Duty have emerged to be some of the top games released as of late. Along with the encouragement of a healthy society Wii Fit and the Xbox Kinect have hit the spot in giving all ages the ability to play and exercise at the same time. The Wii gaming system is even being used in medical treatment to help people learn to walk again. Many people would say that games have become more violent and gruesome, thus having a nega tive effect on the youth of today. They blame gaming systems for encouraging laziness and obesity.On the other side, studies have shown that gaming systems have enhanced children’s hand-eye coordination, critical thinking skills and problem solving skills. Our culture creates a demand on better quality and new technology. Movies, television and the gaming industry will be ever changing in the hopes of creating something that our culture wants. Since the people behind producing and creating these media platforms are from our culture, it is safe to say that our culture and these media platforms will forever be linked and intertwined for years to come.

Absence Makes The Heart Grow Fonder Essay

Absence makes the heart grow fonder or so they say. Can a relationship end because of distance? I think it not depends on the distance itself but on the persons and their feelings. In the short story â€Å"A Glowing future† by Ruth Rendell we see the three year relationship of Maurice and Betsy finished after Maurice spent a whole year in Australia. There are many reasons why long distance relationship don ´t work but the ones that affected Betsy and Maurice were: Communication Breakdown: Couples in long-distance relationships have to make up for a serious lack of face time. It requires real effort to keep in touch and feel connected. it might become increasingly disheartening to communicate in less personal ways as time goes on. In the whole year they were apart, Maurice only phoned Betsy twice. Infidelity: â€Å"What they don’t know won’t hurt them.† Monogamy can be a challenge over time even under direct supervision. Loneliness creeps in, new and interesting people appear when you least expect it. We get to know that during his time in Australia, Maurice started another relationship there, with Patricia. Lack of Trust: Plenty of relationships end because of trust issues, and long-distance relationships are a minefield of them. There’s really no way of knowing whether or not an S.O. on the other side of the country is cheating on you. But remember that close proximity offers no guarantees, either. This is not the case of Betsy at least, she was waiting patiently for Maurice, until he would come back and marry her. The Cost of Keeping in Touch: Add to that long-distance phone bills, the shipping costs for care packages, and going all-out when you do get to spend time together, and you may be looking at a pretty pricy love connection. Airline tickets and hotel reservations Different Expectations: a couple should share more or less the same future plan. Maurice seemed to have commitment issues, he had planned to tour around Europe for three months as a free man free for the sights and the fun and the girls, however Betsy was making wedding plans before he came back. Not all the relationships are equal, and the way a long distance affect them will vary, but in the case of Maurice and Betsy it was decisive, and his infidelity unbearable. In this case absence did not make their love grew but die.

Waggle Dance essays

Waggle Dance essays In every bee hive there are three types of bees, a queen, drones, and many workers. The lone queen honeybee is a fertile female, while the drone honeybees are males that are exclusively used for reproduction. It is the many worker honeybees, infertile females, that are responsible for foraging for food. For hundreds of years biologists and naturalists have noticed that the worker honeybees do not all go out to search for food at the same time, but rather send out scouts ahead. These scout honeybees locate the food, return to the hive, and then the rest of the workers go to collect the rest of the food. Many scientists, dating back to Aristotle, have been baffled by how the worker bees are able to locate the food sought out by the scouts. How do the scout and worker honeybees communicate in the hive to alert each other where to forage for the food? In 1943, an Austrian entomologist, Karl von Frisch hypothesized that the scouts were able to communicate the necessary information to the other worker bees by moving in specific patterns after returning to the hive. He called this movement the waggle dance. Karl von Frisch said that the waggle dance of the honeybee was able to communicate the distance, the direction, and even the type and amount of food to the other worker honeybees. He published his findings in a book called The Dance Language and Orientation of Bees, and later received the noble prize in 1973 for his breakthroughs in animal behavior. Before he published his findings, Karl von Frisch spent years experimenting and recording observations to try and solve the mystery of honeybee communication. He started by placing a dish filled with sugar water a short distance from a bee hive. He noticed that immediately after placing the dish outside, the dish was swarmed with many honeybees. As the dish continued to empty, increasingly less honeybees came to it. However, if he refilled the dish and one of the bees...

3 Cases of Semicolon Overkill

3 Cases of Semicolon Overkill 3 Cases of Semicolon Overkill 3 Cases of Semicolon Overkill By Mark Nichol Semicolons serve a useful function in helping distinguish between elements of complex sentences, but lengthy sentences with long phrases do not necessarily require the support semicolons provide. These three sentences demonstrate unnecessary application of the semicolon as a comma on steroids. 1. Electrical shock may cause serious burns; injuries to internal organs, such as your heart; and even death. Semicolons should generally be employed as strong commas when elements of a list themselves include lists or otherwise include commas of their own. Here, however, the sentence construction is clear and simple; â€Å"such as your heart† is obviously part of the list element pertaining to injuries to internal organs (and doesn’t necessarily need to be set off from the rest of the phrase anyway): â€Å"Electrical shock may cause serious burns, injuries to internal organs, such as your heart, and even death.† 2. Examples of enhancements might include reporting on the status of critical enterprise risks; changes in key external variables impacting the validity of the organization’s strategic assumptions; significant emerging risks; the capabilities for managing other important business risks; and the status of initiatives to improve capabilities. The elements of this list are wordy but not complex, so â€Å"supercomma† semicolons are an excessive measure: â€Å"Examples of enhancements might include reporting on the status of critical enterprise risks, changes in key external variables impacting the validity of the organization’s strategic assumptions, significant emerging risks, the capabilities for managing other important business risks, and the status of initiatives to improve capabilities.† 3. The basketball star’s legendary moves- aerial assaults; triple-clutch reverse layups; facials on seven-footers; one-handed rebounds or ball fakes; opposing shots stolen from the sky; big-game buzzer beaters at any time- couldn’t be replicated. As in the previous example, the use of semicolons in this sentence is overkill: â€Å"The basketball star’s legendary moves- aerial assaults, triple-clutch reverse layups, facials on seven-footers, one-handed rebounds or ball fakes, opposing shots stolen from the sky, big-game buzzer beaters at any time- couldn’t be replicated.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Punctuation category, check our popular posts, or choose a related post below:Creative Writing 10150 Idioms About Meat and Dairy ProductsHow to Punctuate Introductory Phrases

Humans versus Nature-- which selects better for human survival, from a Essay - 1

Humans versus Nature-- which selects better for human survival, from a biological point of view - Essay Example The paper attempts to explore the numerous dangers that genetic engineering is likely to pose to the mankind. Plants, bacteria, animals, viruses, insects and human beings, all are natures creation. Every living species has evolved on the earth through a long process taking millions of years. In natures design, every living being genetically mutates to survive; those who cannot – perish in the long run. However, humans are not satisfied in natures doing but want things in their control to create their own designs. It is argued that several medical conditions such as cystic fibrosis, sickle cell anemia, thalassemia, Huntington Disease are due to genetic defects. Genetic understanding and knowledge can certainly prevent such diseases and can make mankind free from terrific life-long medical conditions. However, genetic advances, if go uncontrolled, may also disrupt the life on this planet. The point is that unchecked advances in genetic sciences are likely to create grave dangers for mankind in the years ahead. While some countries such as Canada, the UK, India and many more have prohibited sex-selection for non-medical reasons, it is not barred in the countries such as the US. As reported in a survey done in 2006, over 58 fertility clinics in the US allowed parents to choose sex of their child. According to Jeffrey Steinberg from the Fertility Institutes, soon it would be possible for the parents to choose not only sex of child but their eye color, hair color and skin color as it has come within the grasp of genetic scientists. In short, the custom-made kids could be available in a decade or so (Jabr 2013). The nature has built-in wisdom in managing the evolutionary process since ages that mankind is out to derail in the hope of achieving something better; however, in all likelihood may result into a big disaster. It is the uncertainty and the unknown that keeps the charm of the life intact; however, the rapid advances of genetic engineering will