Deceptive Accounting and the Global Financial Crisis

Deceptive Accounting and the Global Financial Crisis Name Course Tutor Date Introduction As with other disciplines, all personnel in the accounting profession ought to uphold high standards of professional ethics. All firms ought to conduct their affairs with due regard to the welfare of the parties involved, the economy, and the interests of the public in general. As such, auditors and accountants ought to be ambassadors of transparency and accountability and their conduct must indicate as much. In the wake of the housing bubble, the integrity of the accounting profession came into question amid claims by observers that key professional services firms such as Deloitte Touchà ©, PricewaterhouseCoopers (PwC), KPMG, and Ernst Young were colluding with their client firms to perpetuate deceptive accounting in a way that the financial position of the client-firm appeared more stable and progressive. This helped the global financial crisis along. Amid the crisis, world economies tanked causing the fall of major economic giants. The unprecedented collapse of Lehman Brothers, American International Group (AIG), General Motors, WorldCom, Enron, Fannie Mae and Freddie Mac nearly took the global economy down with it. In light of emerging studies, corporate malfeasance was one of the leading causes for the collapse. All firms ought to conduct their affairs with due regard to the welfare of the parties involved, the economy, and the interests of the public in general underShow MoreRelatedA Multi Dimensional Inventory Analysis Of The Individual Benefits Of This Class By Putting Creating A Concise Plan1253 Words   |  6 Pagesthat I can apply the stakeholder management knowledge in the real business world. Even though, I might not be an entrepreneur after HULT, I still can use this knowledge as employee in a company. For the reason that I had work experience in financial and accounting for 5 years, but I have never consider about stakeholder management concept before. I think if I profoundly understood this management, I would have managed my work more effect ively and increased communication and collaboration in my workplaceRead MoreThe Parmalat Scandal Report : Parmalat2351 Words   |  10 Pagesemploying more than 36,000 employees. In 2003 the company collapsed with a â‚ ¬14 billion hole in its accounts and it is still considered the Europe’s biggest bankruptcy. Key Players in the scandal Calisto Tanzi - 10-year sentence for market rigging, accounting fraud(2009) Fausto Tonna, CFO - 2-year sentence for forgery, creating many offshore companies Grant Thornton firm - lawsuits filed dismissed in 2009 Deloitte and Touche firm Citicorp - Parmalat was ordered to pay $364.2 million When did it happenRead MorePossible Exam 310042 Words   |  41 PagesQuestions True or false: 1. Due to insurance arrangements and the securitization of mortgage investments, many U.S. bankers did not adequately gauge the risks of subprime loans. TRUE 2. A commonly accepted theory is that the Subprime lending crisis was due the Government placing more restrictions and regulations on the investment banking industry starting in 1999. FALSE 3. For the most part, the credit ratings granted to mortgage-backed securities did not accurately reflect the true riskRead MoreHome Depot Implements Stakeholder Orientation2623 Words   |  11 Pagescustomers, interest groups, the legal system, and the community often determine whether a specific action is right or wrong and ethical or unethical. II. Why Study Business Ethics? A. A Crisis in Business Ethics 1. Reports of unethical activities (accounting fraud, insider trading, falsifying documents, deceptive advertising, defective products, bribery, abusive behavior, harassment, and employee theft) are cited as evidence of declining ethical standards, not only in business, but also in governmentRead MoreHigh Risk Investments2521 Words   |  11 Pagesattracted to high-risk investments, such as exchange-traded derivatives, global funds, and other complex investment vehicles. The second section will concern the analysis of the risk associated with exchange-traded derivatives, such as futures and options, and what brokers might do to minimize the risk to investors. The third section will involve a discussion of the challenges related to regulating a complex global financial firm, and make suggestions for regulatory improvements. The next sectionRead MoreLehman Brothers : The Top 5 Global Investment Banks Essay2537 Words   |  11 PagesQ1. Lehman Brothers was the top 5 global investment banks who operated in U.S for more than 150 years providing services in Investment Banking(dealing with mergers acquisitions), Capital Markets(dealing with equity fixed income products), and Client Services(dealing with private client private equity businesses) to corporate, government, clients institutes having greater net worth . A brief history- 1. 1840- Henry Lehman migrated from Germany to Montgomery, Alabama and opened up a smallRead MoreDiscussion and Critical Review of the Equity Premium Puzzle2970 Words   |  12 Pagesphenomenon. This opinion is certainly relevant, considering the recent changes in the financial markets performance. During the past decade stock market outlived severe recession and crash of financial markets, that significantly decreased the average returns on equities and increased volatility. The second part of the paper will discuss both of these notions (selection and survivorship bias) and analyze recent financial data on stock returns observed in last 30 years. Myopic loss aversion Among theRead MoreDiamond Foods Accounting Scandal3150 Words   |  13 Pages Diamond Foods Accounting Scandal BACKGROUND: Founded in 1912 as a walnut grower cooperative, Diamond Food’s primary business involved buying walnuts from local California growers, processing the product, and reselling it. The San Francisco-based company converted from a cooperative to a public corporation in July of 2005, issuing its initial shares for $17. By 2010, Diamond Foods (DMND) had expanded and acquired a number of snack food companies including Kettle Brand ® Chips and Pop Secret ® popcornRead MoreThe Debt Crisis of Nigeria and Greece5186 Words   |  21 PagesThe debt crisis of Nigeria and Greece Introduction National debt is a problem that can inflict any country including the developed countries. Almost all countries go into budget deficit one way or the other and end up borrowing money. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due, future taxpayers will face a difficult choice. Inheriting such a large debt cannot help but lower the livingRead MoreFraud Triangle Not Good Enough3956 Words   |  16 PagesStraight-line reporting authority Dual responsibility Single suppliers Local or regional service area Step-up salary structure CEO as businessman Businesses led by owners 2000s Matrix organizations Autonomous authority Multiple vendors and global trading partners Global reach Performance-based pay CEO as celebrity Businesses led by managers and directors Issues With the economic downturn forcing budget cuts, reorganizations, and work force reductions, the pressure on corporations and key individuals

Socrates s The Apology And Crito - 2040 Words

In 1. the Apology and Crito, Socrates explains his reasoning stating that it is better to be wronged, than to do wrong. Socrates was explaining to Crito than even though in their opinion that Socrates being put to death is wrong that they cannot do something wrong also. In the Crito one of Socrates main points is that â€Å"Even if your enemies have wronged you, you still have to do the right thing†. Socrates isn’t rejecting self-defense he rejects the notion of doing something wrong back to the person or the city. One of the many people putting Socrates to death, Meleteus is simply damaging his soul by doing such an injustice. In the Apology Socrates explains Socrates goes on to explain that he is damaging his soul, and if Socrates escapes he†¦show more content†¦In our own nation, the Boston Tea Party represented a massive act of civil disobedience.† Dr. King is tying the practice of civil disobedience that he was currently doing to past examples and showed that it was necessary at the time. By civil disobedience Dr.King doesn’t mean anything with physical violence he simply means disobeying the rules that are set in place. 3. In the sense that King and his organization promotes nonviolent action. He and his team believe that the strongest way to promote their message is to not retaliate to the backlash that they receive. Dr. King states in his letter that â€Å"Nonviolent direct action seeks to create such a crisis and foster such a tension that a community which has constantly refused to negotiate is force to confront the issue†. Dr. King had followed in the footsteps of Socrates and also Mohandas Gandhi which had both portrayed that non-violence is the way to get your point across and fighting fire with fire is never the answer. Part 2 1. In the Crito, Socrates explains that one’s moral duty to obey the law has many reasoning. An interesting explanation he had given that one has the responsibility to their city even if they think that the city is treating them unfairly. Socrates explains to Crito that him being born to the city (Athens) and living there until he is seventy he has taken on an agreement to be a citizen and follow their rules and regulations even if he disagrees with it. Socrates asks Crito â€Å"When one hasShow MoreRelatedSocrates s The Apology And Crito 2035 Words   |  9 Pages1. In the Apology and Crito, Socrates explains his reasoning, stating that it is better to be wronged, than to do wrong. Socrates was explaining to Crito than even though in their opinion that Socrates being put to death is wrong that they cannot do something wrong also. In the Crito one of Socrates main points is that â€Å"Even if your enemies have wronged you, you still have to do the right thing† . Socrates isn’t rejecting self-defense he rejects the notion of doing something wrong back to the personRead MoreTry to Persuade Socrates Friends to Save Him Against His Will1191 Words   |  5 PagesTry to persuade the Socrates`s friends to save him, against his will. Socrates Is one of the most colorful figures of the ancient Greek world, who the strangeness of privacy life have always been of special philosophical and political science. He was convict to death because he does not believe in God and corrupted the youth people to do the same. In Plato`s dialogue Crito, Socrates spent his last time in the prison. Crito is coming to save Socrates and have plans how toRead MoreSocrates Sides with Creon or a1379 Words   |  6 PagesSocrates#8217; Sides With? Through my reading of Plato#8217;s Apology of Socrates and Crito, I have been able to see how Socrates makes important decisions and what he primarily bases his decisions on. As a individual person we have individual morals which lead us to our own moral or immoral decisions. Sometimes are own morals or beliefs might oppose the views of the state or the enforced law that clams to find justice. In this case we rely on our own beliefs that may be through passedRead MorePlato s Apology And Crito983 Words   |  4 Pagesmarked the history of humanity on earth. In the following written works, Plato’s Apology and Crito, The Gospel According to Mark, and Dante’s Inferno, religion and politics are shown to be intertwined, which emphasizes the impact of each individual character in each written work. Also, these written works explain how politics are affected by religion and vice versa. Plato’s Apology and Crito are plays that explain how Socrates, who was considered an honored and the wisest man in all of Athens by the OracleRead MoreEssay on Socrates Fight for Justice1101 Words   |  5 Pagesworks Apology and Crito there is an attempt by Socrates to defend himself in court and defend his choice to receive the death penalty when found guilty. Although he makes very valid and strong arguments throughout one can only wonder why such a wise person would choose death over life. The following essay will analyze three quotes from Apology and Crito, find the correlation between them, and reveal any flaws that may exsist inside these arguments made by Socrates. In Plato’s Apology Socrates explainsRead MorePlato s The Trial And Death Of Socrates Essay1671 Words   |  7 PagesPlato’s The Trial and Death of Socrates presents the reader with complex competing conceptions of what should be considered â€Å"the good life†. According to Socrates, â€Å"the most important thing is not life, but the good life† (Crito, 48b). The majority, who live a non-philosophical life, believes the goods of life include wealth, reputation, and honor: all things that can easily be taken away or destroyed. On the other hand, Socrates lives a philosophical life filled with self-sufficiency. He views wisdomRead MoreSocrates World Views1549 Words   |  7 PagesSocrates Paper The goal of this paper is to discern and construct the world views of Socrates through the various readings, lectures and videos that we have seen in class. Some of these sources include: Socrates by G. Rudebusch; excerpts from The Last Days of Socrates by Plato; and The Allegory of a Cave. Of the nine world views covered in class, I will delve into my interpretation of four of them as seen through the various sources that we have been exposed to in class. These four world views willRead MoreComparison Between Crito and Apology1661 Words   |  7 PagesComparison between Crito and Apology For these two articles that we read in Crito and Apology by Plato, we could know Socrates is an enduring person with imagination, because he presents us with a mass of contradictions: Most eloquent men, yet he never wrote a word; ugliest yet most profoundly attractive; ignorant yet wise; wrongfully convicted, yet unwilling to avoid his unjust execution. Behind these conundrums is a contradiction less often explored: Socrates is at once the most Athenian, mostRead MorePlato: Normative Ethical Theory1077 Words   |  5 Pagesterms that focus on the moral agent. These thinkers are interested in what constitutes, e.g., a just person. They are concerned about the state of mind and character, the set of values, the attitudes to oneself and to others, and the conception of one s own place in the common life of a community that belong to just persons simply insofar as they are just. A modern might object that this way of proceeding is backwards. Just actions are logically prior to just per sons and must be specifiable in advanceRead MorePlato s Life And Accomplishments874 Words   |  4 Pageswas in his late teens or early twenties he heard Socrates teaching, he was so impressed with his teachings that changed his plans to pursue a literary career as a playwright; he destroyed his early work and devoted himself to philosophy. Plato studied philosophy, which means â€Å"love of wisdom† under the guidance of Socrates for the next nine years. Socrates taught by a conversational method, analyzing everything, which was known as dialectic. Socrates had his students find logic in most of their topics

Liaison in health setting Free Essays

string(57) " the associated stigma must be addressed and considered\." Introduction There are a number of factors to consider when discussing why Saudi children are obese. Broadly, these can be broken up into genetics, socio-economic factors and societal or cultural factors. When discussing the reasons for why obesity is so prevalent, one needs to make sure that the parameters of the discussion are strictly adhered to because this is a potentially very broad topic. We will write a custom essay sample on Liaison in health setting or any similar topic only for you Order Now For example, genetics includes a complex study of human genes that make a person more prone to obesity; however these will not necessarily be relevant to the discussion between the World Health Organisation and the Saudi Arabian health minister. The focus of this research therefore will be the examination of the socio-economic and cultural factors the development of childhood obesity and how best they may be treated by services offered in a mental health institute. Research The relevant research to the topic would include any primary and secondary sources of information on the topic. Firstly, it will be useful to uncover the socio-economic or cultural/social factors contributing to childhood obesity in order to determine a common thread between the U.K and Saudi weight trends. These can encompass anything from journal articles and reports to textbooks and studies. It will also be useful to determine the possible or probable advantages of using a mental health institution as a combatant to childhood obesity. This will include examination of primary and secondary sources of information about obesity as a mental health issue. There is a wide variety of literature on the relationship between mental health and obesity. In this way the research will focus not only on the treatment as obesity as a mental health concern, but also the likely causes of obesity amongst children. It may then be useful to determine the successes and failure of mental health practice s as a treatment for obesity, by examining research conducted on these methods and the outcomes. At this stage, the existing studies on the topic do not necessitate an independent research project, however with Western studies one must be mindful of the impact of cultural differences affecting Saudi. Cultural or Other Information Worth Noting Whilst the possible genetic contribution to obesity as well as inherited lifestyle factors from a parent-child relationship are largely inconclusive and highly subjective, the relevance of these factors to the development of childhood obesity and ultimately adult obesity must be noted (Parsons et al, 1999). In noting these factors, one must acknowledge that they perhaps create a predisposition towards an obesity creating lifestyle, however for the purposes of this report these will not be dealt with. Many socio-economic and cultural factors appear to adversely affect females more significantly than their male counterparts (Parsons et al, 1999). It must be emphasized that childhood obesity plays a significant role in a large majority of adult obesity incidence and the implications for the health-services and economy of a country are largely affected but the development of an obese workforce (Parsons et al, 1999). Externally, environmental and perinatal considerations have been indicated as the main contributing risk factors for development of childhood obesity (Ebbeling et al, 2002) such as â€Å"parental fatness, social factors, birth weight, timing or rate of maturation, physical activity, dietary factors and other behavioral or psychological factors† (Parsons et al, 1999). There is some consensus that these environmental factors are the primary source of childhood obesity (Ebbeling et al, 2002) which can be combated by simple, yet politically difficult solutions. There is some evidence of this to be seen in Saudi Arabia with a significantly higher incidence of childhood obesity occurring in the more urban settings with a disparity of over 30% between these two environmental factors in some cases (al-Nuaim, 1996). These environmental factors include diet, physical activity, effects of dietary pattern, the practice of the food sector and television watching. It is clear therefore that there is a link between the urban setting of a child and the probability of developing childhood obesity. In the majority of circumstances therefore, mental health care will have little effect on preventing obesity on a large scale and there is a strong connection between poor environmental factors and obesity. Obesity and Mental Health There is a distinction to be drawn between a mental health concern as a cause of obesity and the associated psychological factors that accompany childhood obesity. There is significant evidence conducted in studies around the world that contribute obesity as a result of a compulsive eating addiction disorder (Davis and Carter, 2009). The psychological effects of compulsive overeating or food addiction are comparatively similar to those of more ‘traditional’ substance abuse such as drug or alcohol dependency. There is a similar clinical and behavioral pattern formation in the use of food as a kind of drug with severe psychological and physical effects from withdrawal and tolerance levels. One can see a similar loss of control with food addiction, cravings and relapse-potential being ultimately incredibly high (Davis and Carter, 2009). A very effective treatment of this food addiction has proven to be cognitive behavioral therapy which has a proven success rate in drug addiction patients with a low relapse rate relative to other treatment options. A mental health option of treatment for childhood obesity targeting this compulsive overeating disorder is necessary. There is further a common experience of compulsive overeating being antecedent to some kind of sexual molestation or abuse in children. Whilst the compulsive overeating may be a manifestation of the trauma suffered by the child, there are obvious and very severe psychological complications associated with sexual abuse, therefore often in treatment thereof, one deals with the obesity as a part of the consequences of addressing the psychological repercussions of the abuse (Goldfarb, 1987). Mental health care facilities for the treatment of obesity may well be the most effective treatment as it may provide a certain level of trust and privacy for the patient or child in seeking early treatment. The reception of mental health treatment and the associated stigma must be addressed and considered. You read "Liaison in health setting" in category "Essay examples" Whilst there is no stigma generally attached to a lifestyle change promoting weight loss in either target location, there is a general stigma to be addressed with the implication of labeling a patient as an addict and the associated behaviors that one attributes to this disorder. Particularly in Saudi Arabia, one must consider the societal challenges that a general perception or attitudes towards mental health care that may be presented in either case. Particularly so because children are a vulnerable group in terms of impression by piers and society generally and if this stigma is not addressed, it could lead to further psychological complications. One needs to be careful to avoid any excess attention or bullying of the child if treated in a mental health institution, particularly because there is a misconception as to the nature of obesity and the effects thereof. It is important to also realize the effects of obesity on psychological factors independent of these ‘causes’, such as low self esteem and depression amongst children. There is research to indicate that not only is depression more frequent in obese children, however that there is a link between low self esteem and depression leading to increased experimentation with cigarettes, alcohol and drug-use (Strauss, 2000). These psychological effects, if untreated, will carry over into the adult lives of the patients which can lead to increased risk of suicide, self-harm and weight related health complications. This is particularly dangerous for female patients when considering that the prevalence of obesity is higher in females and much of global obesity is attributed to pregnancy and child-bearing generally. With the U.K and Saudi Arabia being countries that are closely linked to the idea of a family nexus, this is clearly a large risk for obese female children. Glossary Binge Eating Disorder (BED): also referred to as compulsive overeating addition disorder, compulsive overeating or food addiction. This disorder affects people by making a person feel compelled to overeat on a regular basis. This disorder is akin to other eating disorders such as anorexia nervosa, bulimia nervosa and ED-NOS (eating disorder not other specified) (NHS, 2012). Reasons for the development of this disorder include anxiety and depression. Cognitive Behavioral Therapy (CBT): a type of therapy that encourages change in the way that one thinks and acts in accordance to certain situations. Therefore, the therapy is cognitive in that it addresses how one thinks and behavioral in addressing how one acts (NHS, 2012). Challenges The challenge with this research is in the CBT and BED aspects of the respective countries. It is safe to assume that effective health care services can be given to those suffering depression, anxiety and low self-esteem with either party, however how does the establishment of a mental health care institute significantly improve the obesity statistics. A mental health care institution is highly advantageous to patients requiring in-patient care in the facility. Would it not be more efficient to provide a more effective out-patient mental health care facility where patients could receive long-term therapy without some kind of committalThis would save cost of building the facility allowing a reallocation of the budget to more staff to improve the reach of the institute and improve the research output of the institute. The social stigma attached to mental illness is great in both the U.K and Saudi Arabia. However, the private and conservative cultural climate of Saudi Arabia may make the goals of the institute more challenging as it would require a dialogue on a topic that is considered ‘taboo’ in many societies, i.e. addiction and potentially sexual abuse. Particularly with relation to children and sexual abuse, it is foreseeable that there may be challenges in collecting data for research such as this. With children there is a large element of parental control and with information as to the causes of obesity and the depth of CBT in psychological treatment, there may be hesitation on the part of the family to ‘allow’ treatment of the child. What other support and partnerships are looking to be formed in the establishment of this instituteThere are a number of associated medical professions that are absolutely critical in combating childhood obesity, such as general medical practitioners, dietitians and nutritionists, exercise consultants and a large need for a form of liaison between the institute and parents. The entirety of obesity as a disease cannot be treated in isolation and how does one continue to have a large reach for research and treatment if there are financial limitations on these projects, as well as requiring a thorough and high level of expertise. Conclusion The use of mental health facilities as a treatment programme for childhood obesity is undoubtedly effective. The parameters of this institution must be carefully monitored and defined in order to determine the best possible solution to obesity crisis facing the world. It is recommended that these facilities provide a strong out-patient programme to allow for greater reach in the community that it is looking to serve in order to reach a larger number of patients and create awareness and education for these issues surrounding obesity. Education on the issue is absolutely vital. The stronger emphasis on an out-patient programme will also allow a reallocation of resources to employ more health care professional serving an overall purpose of the mental health care institute – being to target childhood obesity. This also allows for treatment that is minimally disruptive to the child’s everyday activities and will not serve to isolate the child, as many in-patient programmes o ften do. One needs to be specifically mindful of the societal implications and stigma attached to mental health care services and in doing so look to mitigate any harmful societal or cultural effects that the treatment may have on the child or their relationships with peers and their family members, at the same time ensuring that there is an effective establishment of the required support network to aid the child in their journey. Bibliography Al-Nuiam, AR, Bamgboye EA al-Herbish A, 1996 ‘The pattern of growth and obesity in Saudi Arabian male school children.’ International Journal of Obesity and Related Metabolic Disorders : Journal of the International Association for the Study of Obesity, 20(11), pp 1000 – 5 Davis and Carter, 2009 ‘Psychobiological traits in the risk profile for overeating and weight gain: Psychobiological risk profile’ International Journal of Obesity, 33, s49 – 53 Ebbeling, Cara, Dorota B Pawlak David S Ludwig, 2002, ‘Childhood obesity: public-health crisis, common sense cure’, The Lancet, 460, pp 473 – 482 Goldfarb, Lori, 1987. ‘Sexual abuse antecedent to anorexia nervosa, bulimia, and compulsive overeating: Three case reports.’ International Journal of Eating Disorders, 6(5), pp 675-680 National Healthcare Service United Kingdom, 2012. [online] Available on http://www.nhs.uk/Conditions [Accessed 10 June 2012] Parsons TJ, Power C, Logan S Summerbell CD, 1999 ‘Childhood predictors of adult obesity: a systematic review.’ International Journal of Obesity and Related Metabolic Disorders : Journal of the International Association for the Study of Obesity, 23, pp 1 – 107 Strauss, Richard, 2000 ’Childhood Obesity and Self-Esteem’ Pediatrics?105, pp15 How to cite Liaison in health setting, Essay examples

Managing Risks of Organizational Accidents †MyAssignmenthelp.com

Question: Discuss about the Managing Risks of Organizational Accidents. Answer: Introduction: The AS/NZS ISO 31000:2009 Risk Management refers to a set of standards that are set to guide organizations in the process of establishing risk management strategies. Risk management is one of the most important aspects that all organizations should be concerned with. When an organization lacks strategies or addressing all the risks that it is involved in, it becomes vulnerable to events that may cause major problems in its operations. The occurrence of such events can affect the organization, its shareholders, and customers among other organizational stakeholders. In order to ensure that people are protected from the negative effects that might occur due to the occurrence of these risk events, organizations are required to abide by the set risk management standards. These standards help to ensure that the organizations have established risk management strategies that are highly effective and thus capable of preventing the existing risks from occurring (Young, T. 2007). The implementation of these standards is a process that all organizations require to understand. In order to implement them, the first step is changing the means through which risk is viewed. This can be identified as the process of making changes in the paradigm for both risk and risk management. The approach taken in the process of identifying and addressing the organizational risks is of significant importance. The second step is ensuring that the framework the organization utilizes in establishing risk management strategies is capable of addressing both the internal and the external organizational contexts. With this regard, the organizational systems and processes should be assessed to ensure that all aspects are included in the risk management framework that the organization is using (Rudzki, R. Trent, R. 2011). The third step is the evaluation stage where the organization should assess and ensure that its treatment of risks is effective. The goals, benchmarks, and targets should be assessed to ensure that they are completely effective. The other step is developing a plan in which the process of managing risks should commence. The plan should help in providing the means through which implementation of the risk management strategy should take place effectively. The fifth step should be the establishment of a process through which the process of risk management should proceed on without fail. This step is important because the lack of a solid plan that will help the organization ensure that all risks are addressed at all times is a major problem that might result in the occurrence of a risk event in future (Reason, J. 2016). Outline the difference between the Act, Regulations, and Codes of practice The Act, is simply a law that all individuals and organizations are required to obey. The failure to obey the law has significantly thorough consequences like fines or jail terms from processes of litigation of the organization. With this regard, therefore, the organizations have the responsibility and legal requirement to ensure that they fully comply with the act. It is also on the basis of the fact that the codes of risk management and standards are established. Regulations, on the other hand, refer to a set of rules that determines the process of risk management in an organization. The organization can establish its own regulations while at the same time the federal government has a number of regulations which it required addressed fully. Regulations guide how a certain process is carried out in an organization. The aspect of establishing risk management strategies in the organization while conforming to certain set standards is a process. The regulations guide how this process t akes place (Pandian, C. 2007). The code of practice of any organization refers to the means through which that organization operates according to its culture. It is simply the acceptable way of behaviour in any organization. If for example, the organization ensures that at all times, a risk mitigation strategy is established, its code of practice defines the reasons why this risk mitigation strategy is important and the individuals who have the responsibility of establishing the strategy. With this regard, therefore, the organizational code of practice defines the means through which that organization should operate (Theodore, M. 2013). From my organization, certain set procedures are followed in order to ensure that it remains fully capable of mitigating the occurrence of any risk that might possibly occur. In order to ensure that a plan to address this aspect is in place, the organization begins by making a general assessment of the possible risks that it may have, whose occurrence could lead to major problems in its operations. This process helps in ensuring that there is no risk event that may surprise the organization by its occurrence. After all the risks that affect the organization have been determined, the other important aspect of consideration is the establishment of mitigation strategies through which these risks will be addressed. The organization establishes the strategies that it will utilize to mitigate these risks and ensure that even in their occurrence, it cannot be negatively affected (Frank, A. 2007). After implementing the solution to these risks, the organization then establishes a process to determine the effectiveness of the mitigation strategies. This process helps to ensure that the strategies established are effective in mitigating the defined risks. Over time, changes occur in the organization, which also make differences in the initially established risks. In order to ensure that the organization does not become vulnerable to new risks due to the changes that occur, the process of risk assessment and mitigation solution establishment is made regular. The organizations, therefore, carry out the risk assessment and solution generation regularly, an aspect that makes it capable of eliminating any form of risk that might occur and cause negativities (Greggory, 2005). How might you adjust your risk management to incorporate disabled employees/customers? In an organization, disables employees and customers are more vulnerable to the occurrence of certain events compared to healthy and fully capable individuals. Regarding safety, for example, the standards of risk mitigation are focussed on individuals that are fully capable and able, an aspect that exposes disabled individuals. With this regard, important changes can be made to these standards so that the risk mitigation strategies that an organization implements in its process of operation can include even the disabled individuals. Adjusting the standards of risk mitigation and the organizational regulations to include the categories of disabled employees and customers could help to ensure that the risk management plan of the organization is fully inclusive of all individuals including the disabled people. With this regard, therefore risk mitigation plans should fully include all individuals (Melton, T. 2007). The activity of monitoring the risk management plan is important since it helps an individual or an organization to determine whether the plan in place is effective. In order to ensure that I fully manage to monitor my risk management plan, an assessment of the effectiveness of the plan is important. With this regard, the monitoring process involves the process of regular assessment of whether the organization can suffer negative impact after the occurrence of a risk, despite the existing risk mitigation strategies. When there is regular assessment, it is easy to identify any form of ineffectiveness and thus improvement changes are made. To monitor my risk management plan, therefore, I will use the general step of regular assessment on how the organization operates and its risk mitigation strategies. These strategies can help in ensuring that all individuals remain in complete capability and effectiveness (Grady, 2010). How would you communicate your risk management plan to the relevant stakeholders? The risk management plan is important for all stakeholders of the organization, mostly because the occurrence of any risk even within that organization significantly impacts them. With this regard, therefore, the risk management plan is important to consider and communicate to the stakeholders. The most appropriate way through which I would communicate the risk management plan is through a general meeting where all the relevant stakeholders are invited. Within this meeting, important information would be passed to include all the individuals that have any form of interest in the operations of the club and those that are interested in how the club is able to perform. For a short duration of time, I have been an employee in a marketing organization, which involves in the activities of marketing products from through the use of the internet among many other platforms. For this short duration of time that I have been an employee in the organization, I have managed to realize a large number of organizational problems which can cause the organization to experience significant negative consequences on their operations. To begin with, the organization hired new employees but did not organize any form of training and development program which could help in equipping the newly hired employees with marketing skills to increase their effectiveness within the organization. With regard to this organizational problem, the risk that I identified which the organization is vulnerable to, is the risk of employee ineffectiveness. This risk has the capability of making the organization less effective in its operation, less capable in addressing the organizational is sues and even completely unable to remain profitable. This section of the paper is addressed in reference to this organizational risk (Alberts, C. Dorofee, A. 2003). What part/s of the legal framework will impact on this risk? The legal framework regarding organizational risks aims at protecting the interests of organizational stakeholders like investors, who only invest their funds and money with an aim of gaining returns. It also aims to protect consumers of the products and services that the organization offers, to avoid having them exploited through the services and products that the organization offers them. With regard to this risk, the legal framework that has an impact on it is the need for the organization to deliver quality as the agreement between it and the clients require. Any contract that is binding between two parties is recognized by law. When the organization agrees to make adverts for any client, quality of the service is of paramount importance. With the occurrence of this risk, however, quality of the services provided would be compromised (Khatta, 2008). The standards that presently apply are the standards which involve quality of the adverts that the organization makes. A high-quality work helps the organization to manage to maintain a high level of effectiveness in all the operations that it involves in. clients of the organization have one major requirement, which involves the quality of work that the organization provides. With this regard, therefore, the standards that concern quality of the services that the organization offers its clients are the standards that apply with regard to this risk. This risk addresses a large number of areas. To begin with, it addresses the area of the commercial aspect of the organization. When the employees become ineffective, the organization attains the general problem of operational ineffectiveness. This aspect reduces the number of clients willing to work with the organization, an aspect that affects its commercial section significantly. The other area that this work addresses is the area of employee satisfaction. An employee can only be fully satisfied when he or she is able to carry out the give duties and roles within the organization effectively. When the ability to be effective in the contribution that any employee makes in the organization is limited, however, that employee becomes less satisfied There are different types of risk, including legal, financial and safety risk. Which one/s do you think to apply in your case? Risks can be grouped into different types. In the case of the occurrence of this risk, however, the financial category is the most appropriate to group this risk. This is because the risk of an organizations inability to ensure that employees are fully equipped with the skills that they need to carry out their roles and duties effectively reduces the ability of that organization to be profitable and regarded as appropriate. With this regard, therefore, the risk of lowly skilled employees and organizational ineffectiveness with regard to quality service delivery is financial. In general, any major problem that the organization may have can be blamed on the organizations management. To be specific, however, the problem of employee training and development can specifically be pointed on the organizations human resource department. This department plays the role of dealing with all matters regarding employees within the organization. With this regard, therefore, the human resource department of the organization is responsible for addressing this risk (Lee, E. Jones, D. 2004). The stakeholders refer to the specific individuals in an organization that can be affected by the occurrence of the risk. The internal stakeholders who will be directly affected by this risk include the organizational investors since the decrease in organizations gains will also decrease their gains and the organizational employees, who are likely to be pressured to do better after their ineffectiveness is realized. The objectives of these stakeholders are to improve the effectiveness of the organization in order to increase their gains. The external stakeholders, on the other hand, refer to the stakeholders that are affected by the organizations risk occurrence indirectly. With regard to this risk, these are the clients or customers of the organization. The ineffectiveness of the organizations employees affects them negatively since they are less capable of maintaining effectiveness. The risk of employee ineffectiveness has the capability of being influenced by a large number of factors. Due to this reason, there are a number of the important aspect that should be put into consideration, when an assessment of the possible organizational changes that may impact it is being considered. The technological changes, for example, might require employees to increase their skills. The economic changes can also require organizational skills to be more competitive, in order to attract the few available clients. From the SWOT analysis of this aspect, the main strength of this is the fact that the organization has the ability to detect these changes and adjusting to their requirements. The main weakness is the fact that the organization has less competitive employees, who are not highly trained. The opportunity is that the organization can improve significantly when employee training strategies are established. The threat is that other organizations have highly capable employ ees, thus increasing competition for the organization (Pritchard, P. 2000). Outline how critical success factors will influence this case? The critical success factors refer to the factors that are significantly important to consider. All organizations require establishing certain important factors that will help in ensuring that individuals manage to remain completely effective in the activities that they involve in. the critical success factors of the organization will influence this risk by establishing a requirement to create strategies through which it can be mitigated. This aspect is important because when the risk continues unchecked, it has the ability to cause the organization not to develop effectively. Communicating any changes to all the relevant organizational stakeholders is important. A memo is the most appropriate method to utilize in communicating any changes to these stakeholders over time. A meeting can also be organized to serve the same purpose after a short period of time. Research on how the organization is proceeding is of paramount importance to the organization. It is through it that the organization can manage to ensure that it is proceeding to the right direction and that it is highly appropriate for the operations that it involves in. additional research that is important and appropriate is the research on the means through which the organization can train the employees effectively while avoiding any form of ineffectiveness in the training. This research could help in ensuring the organization remains completely effective in the employee training activity (Rausand, 2011). Risk Matrix Consequences Level of Risk Complete financial breakdown Major Financial problem Moderate financial problem Minor Financial Problem Negligible financial problem organizational ineffec-tiveness employee ineffec-tiveness Customer dissatis-faction Employee dissatis-faction Decreased number of customers Likelihood What is the likelihood of this problem arising again? What are the possible consequences of this risk? After a solution to an employee, ineffectiveness has been implemented in the organization, there is a low possibility of the problem arising again. This is because the trained employees will have the skills they need to carry out their duties and roles in the organization. The possible consequences of this risk include the organizational decreased effectiveness in its operations, poor coordination and the lack of organizational effectiveness. The first priority action of this risk is the training of the newly employed employees in the organization. This is the group of individuals that have significantly low skills in the organizational marketing activities. The other priority is to increase the skills of the rest of the employees through further training. I would consider this risk priority because it has the ability to maintain effectiveness and ensure that the organization manages to attain a high level of effectiveness on how it operates (Waters, 2011). In this case, the organization has a large number of opportunities to exploit. The first opportunity is that of increasing employee training, which will help in ensuring that individuals remain effective in the activities that they involve in. The second opportunity is that of attracting more clients from the high level of organizational effectiveness. These opportunities can be used in increasing the effectiveness of the organization and thus increasing its gains. I can utilize a number of ways to minimize risk. To begin with, I can at least establish a number of regular training programs which will ensure that any organizational employee is equipped with the necessary skills and capabilities before working for the organization. I can also increase the requirements of organizational employees when interviews are being held, in order to ensure that I only employ the highly skilled and qualified employees who do not need any further training (Anderson, T. 2006). Since it is difficult to ensure and determine whether a new recruit into the organization has all the skills needed until an assessment is made, the most appropriate risk option is the training option where the newly employed employees are passed through training sessions to equip them with the skills they need in order to operate effectively in the organization. Briefly, explain the risk action plan for this assessment The risk action plan outlines the plan of the action that should be taken to address a certain risk. For this assessment, the risk action plan is establishing risk strategies that will help in ensuring that all organizational employees obtain the skills that they need in order to remain highly effective and beneficial in the activities that they involve in. What documentation and records do you think you will need to maintain and file before, during and after the action plan is implemented? Why? Documentation, especially one that involves activities that are beneficial and highly appropriate is significantly important. Before implementing the risk mitigation plan, a documentation of the intended skills for the employees is appropriate. During the process of the implementation, a documentation of this process is appropriate. After the implementation, a documentation of the changes observed is appropriate. These documentations are important because they can help to guide any other similar process (Boulder, F., Slavin, D. Lo?fstedt, R. 2007). You need to be able to implement the action plan. What do you need to do? Briefly, outline how you will implement each step. The action plan is as explained significantly important. The first step of the implementation is an employee assessment to determine the necessary and missing skills. The second step is making a plan on how these employees will be equipped with the necessary skills. The third step is the training of the employees following the plan established earlier. The other step is the assessment of employee skills to determine whether they have improved. The other steps are the assessment of the general organizational improvement changes obtained. How often will you communicate with stakeholders? Communicating with stakeholders is of paramount importance. In order to ensure that they are all informed of all the processes that are in progress, I will ensure that I communicate with them when the action plan is in its initial stage when it is in progress and after it is complete. In these stages, I will explain the progress of the action plan, its aims and its achievements to these stakeholders (Frenkel, M., Hommel, U., Rudolf, M. Dufey, G. 2005). Case evaluation will help in understanding the situation and determining whether the solution intended is capable of producing the required results. The risk analysis matrix tool can be utilized to assess and determine the level of operation of this risk. This tool has the capability of determining whether the organizational strategies of addressing the risk in question are sufficient in providing positive and the intended result. I will, therefore, utilize this tool to evaluate my case (Hull, J. 2015). References Alberts, C. Dorofee, A. 2003.Managing information security risks : the OCTAVE approach. Boston: Addison-Wesley. Anderson, T. 2006.Perspectives on strategic risk management. Kge, Denmark Herndon, VA: Copenhagen Business School Press. Bouder, F., Slavin, D. Lo?fstedt, R. 2007.The tolerability of risk : a new framework for risk management. London Sterling, VA: Earthscan. Frank, A. 2007.IT assurance guide : using COBIT. Rolling Meadows, Ill: IT Governance Institute. Frenkel, M., Hommel, U., Rudolf, M. Dufey, G. 2005.Risk management : challenge and opportunity. Berlin New York: Springer. Grady, J. 2010.System management : planning, enterprise identity, and deployment. Boca Raton: CRC Press/Taylor Francis. Greggory, K. 2005.The owner's role in project risk management. Washington, DC: National Academies Press. Hull, J. 2015.Risk management and financial institutions. Hoboken, New Jersey: John Wiley Sons, Inc. Khatta, R. 2008.Risk management. New Delhi: Global India Publications. Lee, E. Jones, D. 2004.Landslide risk assessment. London: Thomas Telford. Melton, T. 2007.Project management toolkit : the basics for project success. Amsterdam Boston: IChemE/Butterworth-Heinemann. Pandian, C. 2007.Applied software risk management : a guide for software project managers. Boca Raton, Fla: Auerbach Publications, Taylor Francis Group. Pritchard, P. 2000.Environmental risk management. London: Earthscan Publications. Rausand, M. 2011.Risk assessment : theory, methods, and applications. Hoboken, N.J: J. Wiley Sons. Reason, J. 2016.Managing the risks of organizational accidents. Abingdon, Oxon: Routledge, Taylor Francis Group. Rudzki, R. Trent, R. 2011.Next level supply management excellence your straight to the bottom line roadmap. Ft. Lauderdale, Fla: J. Ross Pub. Theodore, M. 2013.Portofolio, program and project managemnet in the pharaceutical and biotechnology industries. Hoboken, N.J: Wiley. Waters, C. 2011.Supply chain risk management : vulnerability and resilience in logistics. London Philadelphia, PA: Kogan Page. Young, T. 2007.The handbook of project management : a practical guide to effective policies, techniques and processes. London: Kogan Page.

Coach Wooden’s Pyramid of Success Essay Example

Coach Wooden’s Pyramid of Success Essay Irma Sanchez Period 3 11/14/12 Pgs: 159 Coach Wooden’s Pyramid of Success By: John Wooden John Wooden was an amazing coach during his time, he won many championships and he is a big reason why UCLA was as successful as they were. Coach Wooden, in this reading, teaches me and many others who read how you can’t just wish for success, being successful is something you have to work at every day. Also, not only working everyday like getting more practice and more repetition, that is not what Coach Wooden is trying to teach here he teaches that being successful comes from inside. He explains how in order to be successful you have to have traits like loyalty, self control, confidence, cooperation, and of course skill. Reading about Coach Wooden’s Pyramid of Success is really something I agree with 100%, I am not sure if it is because I am also an athlete so I am able to relate to his motivation and his way of words. I mainly agree, because he is right about all that he says everything he mentions in the pyramid are all things you not only need to be a successful athlete, but to be a successful person which is why I agree with what Coach Wooden has to say so much, because anyone can read this book and learn from it not just athletes. I personally completely enjoyed this book, because I am an athlete and as a softball player I know my strengths just as well as I know my weaknesses. We will write a custom essay sample on Coach Wooden’s Pyramid of Success specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Coach Wooden’s Pyramid of Success specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Coach Wooden’s Pyramid of Success specifically for you FOR ONLY $16.38 $13.9/page Hire Writer I know I have trouble with being sure of myself and being confident in what I can do on the field. Although, I am a player that wants to be successful more than anything else in the world I am willing to go through anything and everything you can think of if it will make me a better athlete. When I read Coach Wooden’s book I realized you need poise and confidence in order to reach all the success you want and that really changed me, because I have that motivation and that drive to be successful in every way that I can. Also, poise and confidence weren’t just on the pyramid of success they were at the very top on the second row on this pyramid, so that just goes to show that confidence and poise are two things I really should work on as a person and as an athlete if I want to reach all the potential I know I can. Since I am motivated to be the best I can be, since I have that competitive fire to have all the potential in the world I read this book and I am motivated to get better in every trait he has in that Pyramid of Success, because I know the history he has left behind he is nothing but full of absolute success. I want to reach all the success he had while he was coaching so I will listen to his words with complete respect, and I will trust everything in his stories because I personally know I want to be successful. I really do believe that anyone can connect to this book, I connected to this book because I am a motivated athlete thriving to be better each and every day, but if you are simply motivated to be the best you can be you will become more successful after this book, you don’t only have to be an athlete. You can learn a lot of good traits to have from this book to make you a better person.

Fraternities and Sororities and Fraternity Essay Essay Example

Fraternities and Sororities and Fraternity Essay Essay Example Fraternities and Sororities and Fraternity Essay Essay Fraternities and Sororities and Fraternity Essay Essay When we hear the word â€Å"frat† it comes to our head that it’s a group of people that making something in possible and bad influence for the pupils like us. All the things around that may destruct our surveies. And we are all familiar to this because it is widely known for different name of groups of people who are organized it. And we are besides cognizant to the consequence of it due to the intelligence about what happened to the member of this group that is being abused. And some are died because they can non last to what they are making. And this is normally happen in different schools that have a large population of pupil merely like universities. Because the frat members can non easy notice if they were involve. due to many pupils in that topographic point. Not merely like in the school which has fewer Numberss of pupils is really noticeable when there is a fraternity. The word fraternity came from the Latin word â€Å"frater† which means â€Å"brotherâ €  otherwise is a brotherhood. though the term sometimes connotes a distinguishable or formal organisation and a secret society. A fraternity is a male-only association with members who are linked by common involvements of some signifier or another. . : Peoples who wish to fall in typically take part in activities which take topographic point over the class of a hebdomad at the start of a semester. Since most colleges with a fraternity system have multiple fraternities. these events normally take topographic point during the same hebdomad at all fraternities. leting people to research all their options. This period is known as â€Å"rush week† . After first-come-first-serve hebdomad. current members of the fraternity decide which members should be voted in. Traditionally. new pledges participate in an induction ceremonial which has historically been accompanied by hazing challenges. Due to concerns about the hazards of hazing challenges which involve unsafe activities and imbibing. many colleges have explicitly banned hazing in the involvement of pupil safety. Some colleges have besides cracked down on fraternity parties in response to ailments from other pupils and the environing community. Membership in a fraternity can confabulate many advantages. It is non uncommon for fraternities to keep living quarters and private nines which are merely unfastened to their members. Particular scholarships may be available. and fraternity rank can be used for networking which will be valuable subsequently in life. Many people besides enjoy the brotherhood which comes with fraternity rank. From Internet ( researches ) The old apprehension was that it was typical for a fraternity to be all-men group while sorority was all-women group. However. there is such thing as a sister sorority or a brother fraternity. While in theory they are separate organisations. but in pattern they are one. They believe in the same rules. They pattern the same tradition and they have the same mission. vision and methods of work. As such. there is a good ground to unite the fraternity and sorority to unite the organisations. However. long clip ago. there were already fraternities who accepted female members who were extremely qualified to the criterions of the fraternity. This happened in I?AE at Central Mindanao University. Musuan Bukidon. Philippines in 1966. This resulted to a mixed-sex organisation. Then in the ulterior old ages. there were unifying of the brother-sister organisations. But in some instances. the sorority is absorbed by the fraternity instead than merged. therefore retaining the name of the latter. The re are patterns in the fraternity/sororities that merely the members are privileged of take parting and/or basking them. These patterns are traditions that the organisations are keeping which are by and large symbolic in nature but are closely guarded with exclusivity. In add-on to the naming of brod or sis. there are the watchwords. vocals. special/exclusive handshakings. tattoos. slogan. usage of badge or pin. frat spine. or even a frat whistling. colourss. flag. flowers. or seal. It has a slogan to show the ideals of the fraternity or sorority. They are really important to the organisation. They remind them of their pledge of commitment to the brethren. Some Greek-letter organisations have acquired juridical personality to conform to local legal law. This had widened the positions of the organisations to prosecute and/or participate in some public enterprises necessitating licenses and/or licences. For illustration. Sigma Alpha Epsilon Fraternity â€Å"Philippines† is registered with the Securities and Exchange Commission under Registration No. CN200429554. In a simple linguistic communication one joins a fraternity/sorority because he/she believes it is good for him/her. and he/she likes to be one of its members. Virtually. common sense will state us that we would merely voluntarily fall in an organisation if it is good to us. And if we do non like the members of that organisation we would non besides voluntarily fall in. more so if new entrants would endure in the procedure of fall ining like induction and hazing. The North-American Inter fraternity Council ( NAIFC ) as posted in the cyberspace suggested to see some of the ways Greek life can positively act upon your college calling and the remainder of your life. The first manner is to be successful in life which means desiring to make good academically. to graduate on clip and happen a good occupation. and to hold wise mans and friends to assist me develop as a pupil and as a individual. This is possible because fraternities/sororities stress academic excellence and many alumnas members can assist occupation arrangement. The 2nd manner where your life can be influenced positively harmonizing to NAIFC is to be a better individual. This means desiring to be a leader. to work efficaciously and to face inappropriate behaviour. to larn to interact socially. and to be a responsible individual among other things. The 3rd manner is to organize womb-to-tomb friendly relationship. This means desiring to happen a close-knit of friends assisting one another with common values and involvement. When I started college in 1962 I was a lone wolf. even introvert. and had neer been involved in extra-curricular activities. Then I joined a fraternity in 1966. and I became a campus figure. The 4th manner where your life can be influenced positively harmonizing to NAIFC is to hold fun in college. This means desiring to take part in campus events. to hold emphasis alleviating activities. and run into new people making new things. Before I joined a fraternity. pupil life was truly deadening. All surveies without drama. I was good in faculty members but really hapless in political relations. I was really hapless in leading and human dealingss. After I joined a fraternity I became the president of two major campus organisations. the News Editor of the school organ. the Editor-in-Chief of the Annual Yearbook. and was appointed as the Secretary of the Department of Internal and External Information of the Executive Branch of the Student Body Organization. In add-on to the predating study of NAIFC. Cesar Gonzales. a Daily Titan Staff Writer in his article posted at the Internet on December 11. 2009 corroborated the same by stating that. Being in a fraternity builds friendly relationship and character. Rightly said ; in fact this is a familiar statement one will hear when person is asked why he/she joined a fraternity or sorority. But his thought that one joined a fraternity to acquire the full college experience and to hold merriment and run into new people to be able to populate the college life needs farther account. I rather agree with the thought but I have some reserves. In fact the members that I met for the first clip became my brothers and sisters ; non merely friends. But fraternity work is non all for merriment. It is possible that Greek-letter organisations vary in aims. mission. vision. and methods of work. But I’m certain that many fraternities/sororities consider rank a lifetime committedness of constructing a wholesome household characterized by love and integrity. Loving is non ever for merriment. Most frequently than non. it is denying oneself in order to execute service. Loving person is accepting a duty. Anyway. one time you’re a member of a fraternity/sorority. you are expected to take part in many events like meetings. conferences. seminars and other clip devouring committednesss. And there are of these organisations that conduct group surveies and reappraisal for term scrutiny. Of class there are fun-related activities like parties. field daies. jaunts or athleticss. But ever the intent is acquiring to cognize you. In some ways. being a fraternity or sorority member is more like of taking a lifestyle than merely for leisure. To be a good member one has to be willing and available for these events. But many people have the incorrect impression that fraternity or sorority life is all about partying. So unluckily. negative stereotypes about fraternity/sorority life are abundant and fellow pupils. even friends will judge you cruelly because of your rank. This is hence a existent challenge to Greek-letter organisations to turn out otherwise. There are fraternities/sororities that academic accomplishment among other things is a serious concern. Their attitudes towards analyzing and run intoing high pedant records are really positive. So. when you have this sort of fraternity/sorority. the feeling that fall ining these organisations would eat up your clip and consequence to the disregard of your surveies is non at all a sweeping statement. In fact most fraternities/sororities I knew require that those who would come in plighting must hold no neglecting classs. The advantages of fall ining a fraternity or sorority was besides emphasized by Harlan Cohen in his article Greek Life posted on September 24. 2007 that there are chances for leading one time you join this sort of organisation. He said that so much of Grecian life is about accomplishment and leading and the pupils who make up the largest per centum of leaders on campuses are Greeks. I agree with all of these. I will unwrap latter that all of the establishing members of my fraternity occupied top ranking elected and appointed places in the pupil organic structure organisation and were leaders in civic and societal organisations in the campus. But Cohen on the other manus besides enumerated the disadvantages in fall ining a fraternity/sorority. One is clip committedness that competes with survey clip that the student’s classs may endure. This contradicts to the aim of academic excellence of a fraternity/sorority. Cohen farther said that another disadvantage of fall ining a fraternity/sorority is money. indicating out that there can be an atrocious batch of incidental disbursals. Actually. this is non true to all fraternities. In my fraternity and sister sorority. our fiscal duty was merely one peso per hebdomad. Then. Cohen besides said that there is besides that danger of exposing oneself to enticements of sex and intoxicant. This is possible. but the truth is deficiency of morality and indulging to frailties can go on to anybody ; member or non member to these organisations. It depends on the individual. Possibly bad company. or hapless household upbringing. or deficiency of supplications can be one of the causes. But it is non by and large correct to impute the bad luck to the fraternity or sorority. Coming to college is one of the major life alterations that your boy or girl will travel through. Joining a fraternity or sorority chapter will assist do the passage easier. Developing womb-to-tomb friendly relationships with the members in their chapter helps do the campus seem smaller. For many members. these chapters become a place off from place. In add-on to the brotherhood/sisterhood. every chapter is dedicated to heightening leading. scholarship. and philanthropy/community service. These ideals form the foundation of the fraternity and sorority experience. and are upheld within a civilization of support and growing through academic support plans. leading preparation and hands-on experience. educational workshops. societal events and undertakings for community service and philanthropic gift. In my instance I co-founded Sigma Alpha Epsilon Fraternity-Philippines to set up support system among technology pupils in order to complete the class on clip and base on balls successfully the Board Examination. In add-on to our concern for high academic public presentation. we besides wanted to larn leading in campus organisations and other extra-curricular activities. And since I didn’t like the patterns of the bing fraternity in the campus. we decided to organize a new fraternity that will transport out our beliefs. inspirations and ideals. So the issue of disbursals. clip for analyzing. alcohol addiction. or even acquiring involve with the opposite sex were neer a concern in the organisation. It was earlier mentioned that rank to these organisations is lifetime. Hence. after graduation the alumnas members carry with them the rights and benefits of rank. That’s why in her article posted in the website October 16. 2006 entitled Grecian Life: Advantages. Naomi Rockler Gladen said that â€Å"When you’re looking for a occupation a few old ages from now. your accomplishment set frequently is non every bit of import as your connexions. This is unfortunate. but it’s a world. Grecian rank is a great manner to link with people. both in your pledge category and through members who have graduated and joined the on the job universe. I know of a esteemed private corporation in Manila. Philippines that is owned by a member of Sigma Alpha Epsilon where all the employees ; supervisors and rank-and-files belong to the same fraternity.

Police Brutality Research Paper Example | Topics and Well Written Essays - 1000 words

Police Brutality - Research Paper Example Roberts (2011) pointed that in youtube alone, an e-site containing video records, produced about 497,000 results when "police brutality" is subjected to the search engine. Roberts (2011) described that these videos either depict beaten women, kids and the aged or violent and bloody exaction of testimonies from unwilling suspects. Some testimonies of victims who were able to undergo sad ordeal revealed electrocution; suffocation, psychological torment or threat; emotional shocks; direct physical assault, and the like done by police with psychopathic and sociopath tendencies. Skolnick and Fyfe (1993) explicated that police brutality brought along with it such dehumanizing intent by treating the target with such concealed venality and such degrading impact of violent torture. Roberts (2011) attributed this inhuman way of managing suspects, civilians and victims to militarist treatment as abuse of power. Those who are involved in police brutality tactics are characterized with such nastiness as they were trained to view the public, the people whom they ought to secure, as their enemy. To some extent, some police officers have made policing activity leveled beyond preservation of order into cyclical patterns of injustice as commission of human rights. Often logged without witnesses to corroborate the conduct of brutalities, Bandes (1999) noted that authorities would just label this as an incident which is either isolated, systemic, or part of a larger pattern to suppress a movement. Bandes (1999) explicated that police brutality are often portrayed by court as something anecdotal, fragmented and isolated from institutional pattern (p. 1275) reinforced by causes that could be political, social, psychological and cultural (Bandes, 1999, p. 2). Experts opined that victims of police brutality would have difficulty expressing such unfair victimization because complaints about it are discouraged due to a dearth of evidence, lack of corroborative testimonies, records are expunged, and police records are purposively made inaccessible.

Principles of Finance Essay Example | Topics and Well Written Essays - 2000 words

Principles of Finance - Essay Example The composition and determination of the perfect capital structure has been an integral subject of research in corporate finance. The Nobel Prize winner theorem presented by Modigliani and Miller is the cornerstone of capital structure in today’s world. The crux of the theory is that under an effective market where there are no taxes, insolvency costs, agency costs, and asymmetric information, the value of a business is not established by sources of finance (Modigliani and Miller). They advocated that under perfect market condition, without any friction, the capital structure of the company does not influence its market value. Therefore, it is irrelevant whether an entity finances its capital by issuing shares or raising debt and the like ways. Similarly, an entity’s dividend policy is immaterial. Owing to these factors, this thermo is also termed as capital structure irrelevance principle. For instance, suppose there are two firms which are similar in every way except for their capital structures. One firm is financed merely through equity and the financial structure of the other one comprises of both, equity and debt (Miller). According to the ‘capital structure irrelevance principal’, both companies will carry the same worth. ... He went on to elaborate, â€Å"The Modigliani—Miller proposition says that if there were no costs of separation (and, of course, no government dairy support program), the cream plus the skim milk would bring the same price as the whole milk†. The heart of this analogy was that expanding debt (cream) diminishes the worth of existent equity (skimmed milk). If secure cash flows are sold to debt holders, the firm will possess lesser worth equity; hence, the aggregate worth of the firm will remain unaltered. In other words, the gain from what appears cheaper debt is set off against the riskier and more expensive equity. Thus, the constitution of capital from debt and equity would be futile, given a certain quantity of aggregate capital. This is because the weighted average for any possible compositions of the two finance alternatives to the firm will remain unaffected. However, the condition of perfect condition is restricted to theorems so businesses in the real world are n ot subject to this environment. In addition, it is extremely rare for the capital structure of a company to be completely based on debt. Myriad arguments have emerged in opposition to Modigliani—Miller theorem; these accentuate taxation, agency costs, insolvency, equity dilution, credit rationing, conflicting interest of management etc. Modigliani and Miller recommended for firms to have a certain borrowing ability in case of an economic upheaval. Taxes The most evident drawback of the Modigliani—Miller theorem is the supposition the subtraction of interest and corporate taxation. Under most financial frameworks, tax cannot be computed until the deduction of interest owed to debt holders from the corporate profits. Therefore, the amount of corporate tax not charged serves as a subsidy based on

Term paper Example | Topics and Well Written Essays - 1250 words

Term Paper Example During the nation’s early years, this electoral process was effective under a Federalist government, however the need to revise the electoral process with regards to the instatement of the members of the Senate was borne out of the need to further expand democracy, eliminate corruption tied to the election of Senators, and to remove external control over the creation of state legislatures (Neale 3). Also, relying mostly on the votes of the state legislatures caused election deadlocks which prevented the appointment of Senators and subsequently, unfilled senate vacancies for considerable periods at a time (4). This created additional problems with regards to the creation of new laws since the Senate members have longer terms of service than the members of the House of Representatives. Thus, after 124 years of relying on state legislatives on electing Senate members or waiting for the governors to appointment a replacement should a senator leave office, the Seventeenth Amendment was finally ratified on April 8, 1913 which allowed the election of Senators through popular voting (6). ... James Madison is one of the strong proponents on the upkeep of the constitution as well as in preventing most of its amendments, especially since he believes that there is great difficulty in the process of men governing over other men (70). There must be an overall control to all members of the government in order to prevent the human inclination of following actions or decisions that came about due to vested interests, as well as to prevent the over-reliance on religion and virtue which are both subjective in nature. Also, Madison believes that a continuous process of amending the constitution would not only create problems such as the inability of most people to follow laws and regulations properly due to the inaccuracies that can be encountered after several changes were made in the original laws, thus rendering the laws much more ineffective (71). In addition, it is expected that the constitution was already a functional one since it was created by a wide variety of people, in s uch a way that there is a less probability that a majority of the people would be making motives that undermine the rights of the common people (73). Thus, if the constitution was made out of the various ideas and input by different individuals, it essentially governs all members of the nation, using the principles of justice and of the common good as applicable to all walks of life. In addition to the need to retain the constitution as close to the original as possible, the Founding Fathers aimed to prevent the rise of aristocracy through the ruling of only a few people and the establishment of true democracy by allowing more people to participate in the process of governance. This may

Drug Discovery Process Of The Bio Pharmaceutical Industry Biology Essay

Drug Discovery Process Of The Bio Pharmaceutical Industry Biology Essay The development of new pharmaceutical products is a long, expensive and uncertain process. It takes an average of 10 to 15 years for a new drug to move from the discovery phase into the marketplace, and the average cost for the development of a new drug is approximately $800 million. Out of 6000 compounds initially screened, only 6 are selected to move onto clinical trials, and out of those 6, only 1 compound is approved by the Food and Drug Administration (FDA) and the product is introduced into the market. The low success rates associated with new drug development is what makes the demand for resources at different stages of the development pipeline highly variable and very difficult to predict. Even after a drug is launched into the market, success is not guaranteed as toxic side effects may erupt when the drug is introduced to a larger sample of diverse population. This unpredictable process together with the companys annual fixed cost of Research and Development creates a major financial risk. Nevertheless, pharmaceutical firms decide to undertake this risky process because of the opportunity to develop a blockbuster drug, a drug that generates $1 billion or more each year in sales revenue for the company, and has the capacity to meet unmet medical needs of the population. Pre-Discovery To Understand the Disease Before any potential new medicine can be discovered, scientists work to understand the causes as well as other underlying factors in relation to the disease to be treated as well as possible. Target Identification (Choose a molecule to target with a drug) Once they have enough understanding of the underlying cause of a disease, pharmaceutical researchers select a target for a potential new medicine. A target is generally a single molecule, such as a gene or protein, which is involved in a particular disease. Even at this early stage in drug discovery it is critical that researchers pick a target that is drugable, i.e., one that can potentially interact with and be affected by a drug molecule. Target Validation (Test the target and confirm its role in the disease) After choosing a potential target, scientists must show that it actually is involved in the disease and can be acted upon by a drug. Target validation is crucial to help scientists avoid research paths that look promising, but ultimately lead to dead ends. Researchers demonstrate that a particular target is relevant to the disease being studied through complicated experiments in both living cells and in animal models of disease. Various stages in Drug Development Process The drug development process is highly regulated and follows a number of well-defined steps and milestones. Discovery and screening stage Emerging tools in molecular biology, cell biology and combinatorial chemistry help researchers understand diseases and identify specific targets for new drugs. Once a specific target is identified, drug development starts with the screening of a large number of compounds to find the non-toxic compounds with the desired biological effects. Typically, thousands of chemical compounds are tested in test tubes or individual cells (tissue cultures). Drug companies maintain large libraries of newly synthesized or isolated compounds. Compound from these libraries are tested for biological activity. Preclinical testing Preclinical testing involves a series of short term and long term animal and laboratory tests to generate data on if a compound is safe and worthwhile to test on people. The aim of preclinical testing is to understand what happens when the drug is metabolized, as well as to generate information about the optimal dose for the clinical trials. Animal studies provide data on the absorption, distribution and excretion of the compound. The chemical properties of the discovered compounds are studied in significant detail at this step. Steps for synthesis and purification are developed at this time. These help identify any acute toxicity issues that may arise. It usually takes 3-4 years to gather data in support of Investigational New Drug Application (IND). This application notifies the Food and Drug Authority (FDA) of the drug sponsors intent to conduct clinical research on human. In parallel with the animal studies, the company has to conduct studies to determine how to manufacture repro ducible batches over time. Clinical trials The ultimate goal of clinical trials is to determine whether the drug works well enough in patients. The trials should address: whether the risk of toxic side effects outweighs the therapeutic benefit; which dose regimen provides the best response and the least number of side effects; if the drug is better than existing treatments or not. Clinical trials are divided in three phases Phase I (PI): In Phase I trials, the candidate drug is tested in people for the first time. These studies are usually conducted with about 20 to 100 healthy volunteers. The main goal of a Phase I trial is to discover if the drug is safe for humans. Researchers look at the pharmacokinetics of a drug: How is it absorbed? How is it metabolized and excreted from the body? They also study the pharmacologics of a drug: effects of the drug on the functioning of the human body. These closely monitored trials are designed to help researchers determine what the safe dosage range is and if it should move on to further development. Phase II (PII): The goal of this phase is to evaluate the effectiveness of the drug for a particular indication and how the drug behaves in people. These studies typically include 100-500 patients with a target disease or indication, divided into several subgroups. The subgroups are administered the drug in different dosages, by different routes, and on different schedules. Efforts are made to determine the common short term side effects and other risks associated with the drug when used on human beings. Phase III (PIII): The studies in this phase are conducted over a long term and on a large sample of 1000-1500 patient volunteers. The basic aim of this phase is to generate statistically significant data, about to evaluate the risks and benefits associated with the drug. The effectiveness and safety of the drug is carefully examined and dosing regiments duly noted which will lead to the FDA and the international regulatory agencies to approve the new drug. The results from these studies are used to develop the DRUG LABEL. The Drug Discovery process has many issues like Long Lead Times and Uncertainty that are plaguing the whole process and causing disturbances/tremors along the lines of New Product Development. Literature review A stochastic programming approach for clinical trial planning in new drug development Matthew Colvin, Christos T. Maravelias Due to changing circumstances in the managed-health-care environment, the profit margins of pharmaceutical companies and the productivity of their Research and Development (RD) pipelines have started to decline; effective patent lives have been shortened, and patents provide lower barriers to entry even while active. Therefore, it is imperative for pharmaceutical companies to manage their RD pipelines more effectively to reduce the cost of developing new drugs. This is a challenging task due to the highly stochastic nature of the RD process: if a drug fails a clinical trial, its development stops and all prior investment is lost; if it passes all trials, it enters the marketplace and profits are typically significantly larger than development costs. To effectively plan the clinical trials in the pharmaceutical RD pipeline, therefore, new systematic stochastic optimization methods are necessary.The paper presents a multi-stage stochastic programming formulation for the scheduling of c linical trials in the pharmaceutical research and development (RD) pipeline. The stages correspond to time periods, i.e. the planning horizon is divided into multiple periods. Scenarios are used to account for the endogenous uncertainty (a drug either passes or fails a clinical trial) in clinical trial outcomes. Given a portfolio of potential drugs and limited resources, the model determines which clinical trials (PI, PII, PIII) to be performed in each planning period and scenario in order to maximize the expected net present value of the RD pipeline. The proposed formulation can be used to address problems of medium size and serves as a basis for the development of advanced models for the management of the pharmaceutical RD pipeline. Knowledge networking to support medical new product development Kannan Mohan, Radhika Jain, Balasubramaniam Ramesh Pharmaceutical firms depend heavily upon their ability to rapidly develop and introduce new products into the market. Product development speed directly impacts their financial bottom-line as well as their ability to satisfy unmet medical needs of patients. However, development of new medical products is complex and time-consuming. It takes anywhere between 7 and 17 years and several millions to billions of dollars to launch new medical products. Some of the factors contributing to the length, cost, and uncertainty of this process are the stringent regulatory requirements of governmental entities like the FDA requiring the maintenance of design history for every medical product to show that the products were developed as per the approved plan and with extensive clinical trials, medical products are used to treat human beings whose well-being and safety are of utmost importance. Thus, failure of the product can have serious consequences, increasing possibilities for therapeutic interv ention brought about by newer technologies and enormous investments required in research and development, and testing. This paper addresses the issue of developing an approach to seamlessly integrate fragmented knowledge using knowledge networks. Semantic knowledge networks provide the ability to describe and follow the life of a physical or conceptual artefact. These have been used as effective solutions to support knowledge integration in knowledge intensive processes in multiple domains. Motivated by their effectiveness in supporting knowledge intensive processes, the paper proposes the creation and use of knowledge networks to facilitate integration of knowledge fragments that are generated and used in medical NPD. The development of a knowledge network should be guided by the unique characteristics of the medical NPD domain. The paper also provides the background on the process of medical NPD, along with unique issues in this area. New product development process and time-to-market in the generic pharmaceutical industry Janez Prasnikar, Tina Skerlj This article presents some important factors impacting on the lead-time of new products. In particular, we find a negative relationship between the incorporation of organizational tools and techniques, such as concurrent activity management and time-to-market. Further, there is an appropriate negative relationship between the integration of new product development departments in particular phases of the new product development process and the cycle-time of those phases. Appropriate capacity management and project management also contribute to a shorter lead-time of a new product. However, there are also some particularities of generic pharmaceutical companies. The retargeted products (where an existing product is launched in a new market) have longer time-to-market than completely new products. The generic pharmaceutical industry depends very much on local market conditions and it is often easier to launch new products in already existing markets than to launch existing products in n ew markets. Further, if the active pharmaceutical ingredient is sourced externally the time-to-market is shorter. The same is true of the external sourcing of the pharmaceutical formulation. Since generic companies often build their competencies in the market rather than on the technology used, strategic alliances and early supplier involvement in the new product development are important factors of their market success. Research objectives The Biopharmaceutical industry has many a process to be deeply understood and uniquely mapped, however, I would be looking at the following for the purpose of my project To understand the Drug Discovery Process and map it with New Product Development Understand how a pharmaceutical product is produced; identify all the stages from the Pre discovery phase to the Discovery phase and from the Pre clinical phase to the Clinical Phase and map it with New Product Development Identify the sources for reducing Uncertainty in the Drug Discovery Process One of the features that restrict the smooth functioning of the Drug Discovery process is uncertainty about the drug in trail. If the drug that is being tested fails the clinical trials phase, all the investment and effort towards drug development is lost, but if it passes all the trials, it enters the marketplace and benefits the company by providing profits that are typically significantly larger than the development costs. Identify the sources for reducing Lead Time in the Drug Discovery Process Drug development in the pharmaceutical sector is a lengthy process ranging anywhere from 7 to 17 years and costs the companies billions of dollars. Thus identification of sources for reduction in lead time and appropriate application of those steps would directly influence the costs and help in launching the product quicker than usual into the market. Research methodology Interaction with Biopharmaceutical Teams working on the Drug Discovery Process at the Biological Sciences and Biological Engineers (B.S.B.E) department at Indian Institute of Technology, Kanpur Secondary Research from Scientific Journals Case study approach in Business Press and Scientific Journals Chapters Introduction to the Drug Discovery Process Detailed explanation of the Drug Discovery Process Convergence with the New Product Development Literature Review Analysis of the related topic as described in Business Press and other Scientific journals. Research Objectives Research Methodology: An outline of the different approaches available for research Explanation of the different approaches and their outcomes with respect to the project Results and Discussions of the case Management Insights Relation of the Drug Discovery Process with Management concepts Conclusions and Future Research

Eve’s Ribcage :: Essays Papers

Eve’s Ribcage Eve’s bedroom was the only place in the world that Josh felt comfortable. The bare and slightly yellowed walls held a certain mysterious wonder for him. The key to the room’s beauty lay in its bareness and simplicity, like old Mexican monasteries with terra cotta tiling on the roof. Josh preferred to keep the lights off and the blinds cracked so that the afternoon filtered in through the window, making thin picturesque rays of light. They painted Eve’s body in long soft strips of sun. When she reclined on her side in the way that she did it reminded him of those nature documentaries that film a lioness lying around in tall grass all day, waiting for dumb animals with long legs to run by and get killed. She was all taut muscle under brown skin accented with bold shadows, a delicate but solid frame slowly rising and falling with each breath. Eve’s feral qualities manifested themselves in her face especially. That strange expression she had: a mixture of pain and pride, boredom and beauty. Her face was always beautiful, no matter what expression she chose to wear. Her sad almond eyes would stare through Josh and beyond into deeper things. This made him want to ask her what she was thinking about, but he rarely ever did. April’s answers never shed light on the mystery of her melancholy and oftentimes they seemed to push him further away. Now she lies with her back facing him, the contour of her naked body a soft watercolor landscape of hills and valleys. He feels like a tourist lying beside her for the last hour or so; absorbing her, analyzing her, thinking about her. She gazes into heaven and talks to the angels while he lies beside her and marvels like a man who has at last reached the end of a long holy pilgrimage. Share my world Don’t you leave Promise I’ll be here Whenever you need me near†¦ Mary J. Blige croaks out her sultry ballad softly in the background. â€Å"Eve†¦Ã¢â‚¬  Her name echoes and makes him feel he as a separate entity all the more acutely. â€Å"You okay?

Recruitment Strategies

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