Boeing-Case Study Essay Example for Free

Boeing-Case Study Essay The key elements of the resistance to change described in the Perrier case are: Lack of communication and the companies inability to inform the employees of what changes affected production at Perrier, the company made excessive changes, the company introduces a series of changes and the people felt the changes were unnecessary, and they were unsure if they would still have the required skills to continue to work for the company. Perrier has made quite a fair amount of changes in a short period of time and they will need to be aware that some people may not agree to the change and might not work to their full potential. Most of Perriers employees did not think the changes were necessary for the organization to grow. There were some employees who thought Perriers conducted unnecessary changes to impact their normal workload. The latter change was considered as the lack of conviction that change is needed. There was also the Perceived Negative Effect on Interest -this resistance to change will be affected by peoples perceptions of the likely effect of the change on their interests, a term that can cover a wide range of factors including their authority, status, rewards(including salary), opportunity to apply expertise, membership of friendship networks, autonomy, and security. The employees at Perrier were concerned with the implication of the change for themselves and how it may affect their own interests, rather than considering effects for the success of the business. 2. Construct a change management strategy for dealing with this situation. In so doing, identify what approach (es) to managing resistance you recommend and provide a clear justification for your choice. An article by Kotter and Schlesinger provides the classic description on managing the resista

E-Business Versus Traditional Retailing

E-Business Versus Traditional Retailing Abstract As the Internet access becomes widespread, both businesses and consumers worldwide used web as a main tool for marketing and shopping. As a result, the impact on retailers and consumers are relatively significant with the rise of the E-business. This project looks into the advantages and disadvantages of E-business and traditional retail stores, and then by comparing the two different business modes concludes an integrated business, which is more adapted by public. Further, an analysis of Amazon.com and Wal-Mart also support the notion that multi-channel retail seems to be more satisfy the need and want of retailer and consumers. Introduction The origin of e-business was 20 years ago. In the 1990s, the definition of e-business was used by one of the first supplier, IBM, in its advertising campaign. It was defined as the transformation of key business processes through the use of Internet technologies. (Li ,2007:9) Today, the meaning of e-business is much broader. According to Cunningham (2002) E-business refers to the transactions, processes, and systems that support the act of doing business through electronic networks. Businesses in industries such as banks, automobiles, travel, and many others are undergoing a significant transformation. In the past, traditional retail stores were constrained by geography, location, and size; on the other hands, in the age of information, these are not important anymore. Although the Internet has a great influence on the growth of E-retail, there is one thing of concern, it also presents with threat and opportunity. The aim of this project is to compare and contrast E-Business and traditional business in retailing across a variety of criteria from customers and retailers perspectives, and then to analyze the two biggest retailers in the world in terms of E-retailer and physical retailer and then conclude which business is better adapted to e-commerce. Firstly, the project will consider advantages and disadvantages of E-business from retailers and consumers view, then analyses Amazon.com and Wal-Mart by the means of SWOT analysis (which can be defined as Strengths, Weakness, Opportunities, and Threats) and finally will forecast future retail developments. E-Business Versus Traditional Retailing There are numerous opportunities for businesses to reach new markets on the Internet across nations, lower costs, and relationship-build with customers. For most businesses, opening a virtual retail seems like to be filled with opportunities as well as challenges. The rest of this project will address these opportunities and challenges. The opportunities in E-Business Market There are a number of advantages for e-business. First, with regard to the location, it is clear that online business have the opportunity to access farther than physical stores. According to Dennis and Harris (2002), the three most important elements in retail are location, location and location. Without constraint on geography, the Internet has provided the e-retailer with a store in every home all over the world. Almost every product and service on the Internet has an opening to be sold globally. In other words, e-business sells equally well to anywhere in the country and even overseas, compared to traditional stores. Since building a business online does not need to lease a building on a specific place, which saves a great deal of money on rent. Compared to the existing stores, running a business need to situate on one street, town and country, which is the most expensive part due to paying high-priced rent monthly as well as tax. In addition to location, another factor needs to concern is size. In the past, size of stores was principal when competing with other stores. A large store has the capacity to stock as many products as it can; however, there is a limitation of quantity for those small stores. Thanks to the invention of the Internet, even a small e-business has the chance to vie with large traditional stores. Secondly, as far as the number of consumers and opening time are concerned, online business can reach a larger number of consumers than the traditional stores. Without boundary on the Internet, everyone in the world have equal chances purchasing online. Especially for overseas shoppers, could easily reach web sites in which they are interested. Additionally, with fewer barriers in both time and limitation of consumers, online businesses have a better opportunity to market their product on the Internet. In other words, the problems of time difference between nations and nations have been solved. In contrary, it is difficult for traditional stores to sell further, when considering the limitation of time and geography. In the past few existing stores are opened 24 hours a day, 365 days a year. However, since online business is on the web all the time, consumers with different shopping habits do not have to worry about the opening and closing hours of physical stores. There are many other advantages regarding to online business. Usually, building a traditional store need to concern the expenditure of ongoing costs, including renting, tax, electricity. In addition, for those traditional stores reaching consumers either face to face or by telephone, have to pay for a significant additional cost. On the other hand, for those businesses that open e-shops could save a great deal of money on the wages costs of face-to-face salespeople and the costs of premises. Furthermore, a virtual store may save budget on all the other needless expenses, such as additional training requirements. Many studies have shown that many online stores in the existing marketing making a big profit on account of reduced costs and increased sales. Furthermore, The Challenges in E-Business Market Generally speaking, although there are many advantages for e-business, considering about disadvantages is also needed. First of all, online business is less powerful than face-to-face selling in many ways. In the traditional stores, salesperson with high skill of convincing shopping can be a part of reasons influencing consumers to shop. For example, when going shopping we are always easy to be persuaded by people around us who support for purchasing. On the other hands, due to fewer impulse of salesperson online, it is easier to say no to a computer. Consumers are totally decide buy or not to buy. Moreover, e-Selling is also less powerful than face-to -face selling. For example, for certain products, it is difficulties with products not sold by touch, feel, and smell. E-businesses are lack of theses advantageous positions. A further disadvantage is that consumers have a perception of lower prices online. They expect online prices to be lower than prices in traditional stores. This puts pressure on margins for online business, and can lead to shoppers expecting consistent how prices in store. Looking for low prices online is one of major factors affecting consumers to shop on the Internet. However, such a perception across all product categories may be unwarranted. Only in some areas such as airline tickets and books can find much lower prices on the Internet. Also, there is a limitation for selling products online. Not everything could be selling on the Internet, such as daily products and fragile items, which limit consumers product selection. In addition, cost in Internet customer contact and maintaining technology could be expensive. Although a beneficial thing for e-business is save the costs of wages of salesperson and rent, the system requires regular maintenance to ensure customer satisfaction. Compared with traditional stores, they do not have to pay the extra maintenance fee on system due to most of they are lack a sophisticated computer system. Finally, after-care can be difficult, especially if the shopper is overseas. It is always not easy to collect those unwanted products which have been return by online shoppers. When ever any of products have technique problems, it is a trouble to return it back to e-shop, especially for those overseas customers.Because not only consumers require to pay the delivery fee but also the online shop, which is a burden for both consumers and e-retailer. Drivers of Consumers Adoption There are considerable potential benefits for consumers to shop online. The main reason for consumers to buy online is to save money. In some given products categories, online prices are significantly cheaper than existing stores. On the Internet, shoppers could always get good value of bargains. Furthermore, consumers could also save the cost of traveling to the existing stores, the cost of finding a parking space, parking, walking through the mall to the stores, finding the item in the store, waiting in line at the checkout, Internet shopping provides in-home access 24 hours a day, seven days a week, which enhances convenience by minimizing many of these costs. The other advantage for online shopping is the convenience of shopping at any time of day. On the Internet, the stores are opened 24 hours a day, 365 days a year. Consumers could never worry about missing the open hours of the exiting stores. The other good thing about e-shopping is that the webs offer older consumers, those with disabilities, and those live in remote areas to access to information and services. The other motivation for people to accept shopping online is that consumers could make a purchase at home instead of leaving from house. In addition to convenience, consumers could not only save more time on the travel time, but also save the time on walking through all the stores to find what they want, especially when at the height of the holiday. Whether on booking a ticket for an event, purchasing a book, or registering and paying for a fee, the Internet saves time. With regard to breadth and depth of products, consumers could find a great variety of products on the Internet than in any one single store or mall. Rare items can be purchase easily by simply click a mouse; the web sites can take shoppers from one online store to another. The benefit of online shopping is even greater when purchasing foreign-made products. Many traditional businesses will shift a significant part of their operations and selling to the Internet. Growth in the consumer segment is likely to be slower. Security concerns regarding online transactions and the difficulty of modifying consumer behavior can explain the slower pace of growth in the business-to-consumer marketplace. Barriers to Consumers Adoption Although shopping online can by easy, there are a variety of reasons related to security deters online shoppers from making a purchase. Dennis indicated that Security fears as the number one barrier to more consumers shopping online (Dennis et al. 2002). Safety of credit card and other private information are key issues that discourage many consumers e-shopping. A study sponsored by the Better business Bureaus Online found that over 80 percent of users had some concern about security online. (Better Business bureaus, 2005) Most web sites today require users to create personal accounts and provide a lot of personal information. Some consumers are afraid that personal information may be broken in by website hackers or be access by unauthorized organization; moreover, personal accounts provided to online vendors may have a risk to be rejected due to service attacks and human error. Therefore, security of credit card information is quite negative for online consumer. The inability to talk to a live salesperson is another concern for consumers. Even though the Internet brings the world into our homes, customer may still wish to speak to someone to seek advice on the product when shopping online. Also, for older consumers, and those who are relatively new to Internet shopping, exceptionally need a live salesperson to get information they are interested in. However, many of online business have not provided customer service for online shoppers reached by phone, live chat. A report by Data Monitor (www.datamonitor.com) found that only 8 percent of the over 60000 call centers in the US were Web-enabled, and only 1 percent of Web sites currently offer live customer assistance (Venkat, 2001:307). Additionally, the difficulty in returning products is major reason for a large number of consumers not shopping online. BizRate.com, a company that measures post-purchase satisfaction found that in a survey of 9800 consumers, 89 percent said that return policies influence their decision to purchase online. (ibid: 2001:304) Above all, the reason why returns sometimes are difficult may say is because of the lack of face to face negotiations. In addition to returning, the cost of shipping is another concern for consumers. A survey by Greenfield Online revealed that 32percent of consumers surveyed mentioned high shipping costs at the reason for not shopping online (Greenfield, 2002) Most consumers perceive online prices to be lower than prices in conventional stores. It is true; however, sometimes shipping costs can negate other price advantages. Although various products sell at a discount online, when adding into the shipping rate, the consumer may end up paying more than traditional store. Many consumers are still uneasy with online shopping because they prefer to see and touch the goods. Plus, some products are difficult to buy on the Internet. Take clothing for example, it is impossible for online shoppers to feel the fabric. When buying clothes, most people still like to try them on. Online shopping provides a lower sensory stimulation (through smell, touch, music, in-store decorations, etc.) than does offline shopping. (Fernie, J. 2005:106). People incline to use five senses in developing beliefs and bias towards various products. However, on the Internet, only three of these senses can be used. Case Study of Amazon.com and Wal-Mart There are a range of criteria of SWOT Analysis about Amazon.com and Wal-Mart, and this paper will only focus on the areas related to the above sections based on current developments and future developments in how e-retail and traditional retail adapt to e-commerce. SWOT Analysis of Amazon.com With regards to strengths, according to Harris and Dennis (2002:258), Amazon as a US-based multinational e-business company, is the biggest online retailer all over the world. Over the years since it opened its online bookstore in 1995, has established a customer around 30 million people. Besides books, now has launched various products including electronics, computer software, toys, video games and home improvements, apparel, furniture, and food. In addition, Amazon has created different website pages in the USA, the UK, Europe and Far East. It also provides international shipping to certain countries for some of its products. The major weakness for the company is that it heavily depends on external delivery companies, which may tackle a major problem. Due to the rising fuel and vehicle taxation, a potential increase costs should be concerned. As a consequence, the increasing shipping fee may lead consumers rather to visit a local retailer than purchasing online. It is realistic that the rise of Amazon.com has had a profound influence on virtually every sector of business in the world. There are many opportunities for Amazon.com to expand further. One of the priorities is to open exiting stores to solve the disadvantages of E-business. As far as threats are concerned, it is easy to attract competition on the Internet. Since Amazon.com markets similar products as physical retail, it pose a negative impact on Amazon.com within the price competition between e-business and traditional stores. SWOT Analysis of Wal-Mart Wal-Mart is the largest retailer in the world. It is famous for its convenience and a wide range of products all in one store. The retailing giant has annual revenues of over $ 100 billion. According to Grant (2002) the Fortune 500 ranking list, published in 2002, showed that Wal-Mart was the worlds largest public corporation by revenue. These years, Wal-mart has experienced global expansion to 3,600 stores and more than 750,000employees worldwide. Although Wal-Mart stores, Inc. has expanded to the global market, they have a presence in a relatively small number of countries Worldwide. They only focus on the market in the UK, but their competitors are grown in the other countries. Besides, Wal-Mart has a risk in the location of their stores. Since Wal-Mart is the leading physical retailer in the USA, it has a magnificent opportunity to become the largest retailer in the world. Therefore, international expansion will be a huge opportunity for Wal-Mart. Although the stores are currently only trade in relatively few overseas there are many opportunities for future business in expanding consumer markets online. A major threat to Wal-Mart is the intense price competition with online business. Being a leading retailer also represents being the target of competition locally and globally. How to compete with e-retail in the international market will be a major question for Wal-Mart. Evaluation From the SWOT Analysis, it is clear that both mazon.com and Wal-mart have its specific strengths and weaknesses. This evaluation concluded that, based on the criteria mentioned above, the e-retail has competitive advantages over e-retail stores while physical retail stores have advantages over e-retail. With regard to disadvantages, online retail faces many difficulties compared to existing stores. For online retailers, the major challenges are face-to-face interaction and immediate delivery, and this is an area where traditional stores have an advantage. On the other hand, online retail also affects opportunities of traditional retail to certain extents. Take location and opening hour, for example, E-retail outweighs traditional retail stores. Many consumers are willing to select products on the Internet, but would not want to wait for delivery. Due to the need of consumers, it stimulated the boom of multi-channel retail (physical stores plus e-retail) becoming dominant, which has both e-retail and physical retail stores components, provides consumers with a higher degree of satisfaction. Thus, more and more e-shoppers find online shopping and in-store pickup more attractive than pure E-railing and traditional retail stores. According to Harris and Dennis (2002:258), the proportion of e-shoppers preferring to shop from e-sites run by physical retail stores rather than Internet-only is soaring 9 up from 22 percent in October 2000 to 33 percent in April 2001. As a result, many E- businesses are attempted to establish physical stores, and just as traditional stores are also creating online business. That competition is not about E-business versus traditional business. Gandy (2000:122) claim Its about integrating both-pulling together the best of what is available through the physical distribution with the best of the Web world. As traditional companies begin to provide multi-channel services to combine online business and it would make sense for pure online businesses to offer services of physical stores. The example of Amazon.com and Wal-mart also support it. According to The Sunday Times, Amazon.com had planed to open existing stores to support its growing website. (Mashable, 2009) Similarly, Wal-Mart stores Inc. has continually increased the integration of its physical stores with its Internet business, in order to respond with the growing web-based stores. (Reuven, 2000) Conclusion Both e-business and traditional stores has its advantages and disadvantages in many criteria. Physical stores has the edge on criteria such as after-sell service and face-to-face selling, while e-business is beneficial on the wide-range of products, time saving and convenience. The project presented a comparative business channel to evaluate the two types of retails and concluded that whether e-retail or traditional retail stores is not in perfection, multi-channel retail stores which combine the best of e-retail and traditional retail may be more adaptable to the business environment in the future. The analysis of Amazon.com and Wal-Mart has also been highlighted, particularly with regard to integrating e-retail with existing physical stores. These can be summarized as multi-channel retail is becoming a dominant. In 1999, Andy Grove, Chairman and CEO of Intel, once have noted that all companies will be Internet companies or they will be dead. (Venkat, 2001) However, even though e-business is able to provide consumer greater service and choice in a variety of the product, the consumers adoption toward the Internet need to be concerned. It should be noted that a detailed examination of multi-channel retail lies outside the areas of this project and further work could be done in this area, which would be of particular interest to those business involved in this area.

Utilitarianism As The Principle Of Happiness Philosophy Essay

Utilitarianism As The Principle Of Happiness Philosophy Essay According to John Stuart Mill (author of Utilitarianism), utility is happiness, and happiness is pleasure minus pain. Widely known as a universal hedonism, utilitarianism is an ethical philosophy in which the most ethical acts are those which serve to increase the happiness for the most people or at the very least, decreases the suffering for the most people. Nonetheless, albeit with the fact that happiness is recognized as a universal though objectively valuable goal , utilitarianism has been for centuries recognized as the doubt of most moral philosophers, criticized for being impractical, cold and distant from individual rights and the real complexities of life. Bernard Williams is one of the critics, who brought about explicit series of objections against utilitarianism in his book, A Critique of Utilitarianism (Williams 1973b). Obviously, it is impossible for me to cover all areas concerning utilitarianism and so concentrating on morality objections, I will first of all attempt to present Bernard Williams integrity objection and the well known counter-examples against utilitarianism. Then, I will try to counter these objections, and rebutted Williams argument with stern objections as well, with Mills Utilitarianism as my reference. At the end of this essay, I hope to show that utilitarianism is indeed right, and likewise, moral intuitions are without a doubt unreliable to be used as a base in criticising utilitarianism. From what I can understand, Williams believes that utilitarianism fails to recognise the reality of complexities in life, the value of integrity, and as I mentioned earlier, individual rights. Morality comes with the recognition of individual rights and if decisions or judgments are made based on numerical value of the greatest number of happiness in a situation, the happiness of this lesser number group is ignored. Hence, integrity failed to be satisfied. In order to maximize the number of happiness, simply favour the largest number of members in a group and this irked the mind of Williams. Moreover, according to Williams, a normal utilitarian man wouldnt be able to fulfil the demanding ridiculous principle of utilitarianism. It is asking too much of an individual person and so because of that the theory must be flawed. From experience itself we can be sure that morality indeed, does not require so much of us.   Yet, the latter argument of Williams can still be argued as it is not that the theory is demanding, it is just that people dont want to fulfil their moral obligations, and that we just dont like being told to do what we dont want to do.   After all, a moral theory that wouldnt ask us to do what we dont want to do would be useless. Critics of utilitarianism have never fail to construct hypothetical situations where in each of them is the definite clear expectation of what the utilitarian would say, and it is also clear that the saying of the utilitarian would always be potentially wrong in almost all hypothetical cases. These counter-examples against utilitarianism do not conclusively show that utilitarianism is wrong, but indeed they are common reasons why people are rejecting it. And so because of that, I will present two such common counter-examples and the expected utilitarian response for these counter examples. First Counter-Example: Hypothetically speaking, there would be a television show of the future, a show where a person is taken and subjected to tortures on the show.   This is a pay-per-view show that costs a good amount of money to get.   Only people who want to see the show will ever see it, but there are a large number of people who get a great amount of pleasure from seeing this plus all the profits go to charity.   This isnt a regular program, it may only happen once.   Should this show be made? Speaking in a utilitarian manner, it is indeed right to give a green light to this show as even though, it is really sad and bad for this one person, it is however, brings a lot of happiness and pleasure to those who will see it (obviously thousands of watchers). Moreover, all the profits will go to the charity thus benefited a lot more people! Clearly, the benefits outweigh the harms. But obviously, it is indeed still wrong to torture people. This could indeed be the main argument of the opponents. Regardless of the benefits, it is still a violation of that tortured mans rights. Furthermore, to enjoy watching the torture could indeed be more morally wrong than to be physically involved in the show. Second Counter-Example: Jim, a botanist travelling in South America, comes upon a public execution in a small town. A military captain has lined up 20 Indians. He explains to Jim that they have been chosen at random from the local population, which has recently been protesting against the government. The captain offers Jim a guests privilege. If Jim wishes, he can select one of the Indians and shoot him; the other nineteen will then go free. Otherwise, the execution by the captains henchman, Pedro, will go as planned. Utilitarianism seems to claim that it is obvious that the right thing to do is for Jim to just select one of these Indians to be shot at, so that another 20 lives could be spared. To not choose, or refusing to choose could lead to unhappiness of 20 persons, whereas to choose could only cause unhappiness of one. And so as we are referring to the theory of maximizing utility, to lose one is better than to lose 20. However, the objector will claim that it is just obvious that this is the wrong thing to do.   Killing a persons life is still wrong for whatever the reason is. From what that I can deduce, the two counter-examples have one thing in common that is our sense of Morality or our moral intuitions clashes with the principles that utilitarianism hold. Indeed, opposite commands. Nevertheless, it does not mean that utilitarianism must be wrong or flawed. First of all, the arguments made by these counter-examples can only be conclusive if only our moral intuitions are correct.   However, as we all know, our moral intuitions are volatile due to the complexities of life and due to the significant numbers of gray areas that could result in confusion, according to Mill, that is why we refer to moral theories in the first place. Since it is unclear to us of the universal approval for moral intuitions, the critics cannot use their moral intuitions as the base for rejecting a moral theory which is in this case, the moral theory of utilitarianism. Indeed, of course, for example, stealing is a disgrace yet to think of it now, maybe our other supposed to be right moral beliefs might be wrong. Yet, is stealing really wrong? What about Robin Hood? Is he a hero or just a plain mere thief? The point that Im trying to state here is that we dont really know which are right and which are wrong. Our moral beliefs are inconsistent.   Some may percei ved certain things are right. Some may not. And so, we cannot know that our common sense moral intuitions about The Torture Show or Jim and The 21 Indians are right mainly because we dont really know which of our moral beliefs to trust. Second of all, the counter-examples are based on complicated moral situations; and truth to be told, biased as have they are design in such a way that the morally right answer seem obvious.   In reference to Jim and the 21 Indians, let me re-describe the situation to highlight the utilitarian benefit. Indeed, it is hard to overlook how terrible the consequences would be if 20 Indians are to be killed, when Jim has the power to prevent that. We must acknowledge the fact that, yes, although it is easy to sympathize with one innocent unfortunate person, we must also sympathize with the other 20 people, each of whom will suffer greatly if they are to be killed.  In this case, the morally right action is not obvious.  The situations presented are almost always unusual and extraordinary they are situations that one is unlikely to come across, much less to be prepared for when one does come across it.   And so conclusively, we based our moral intuitions on our moral educations. Mor al education is applicable to our daily lives and if it was to be applied in aggravating counter-examples and in every possible situation, it is indeed impossible. And so because of that, moral intuitions are not valid and any objections based on them are flawed and can be disregarded. Conclusively, these could somehow rebut the arguments made by William on the basis of integrity and morality. Conclusively, we can actually deduce that things that are morally wrong usually involve the harming of people and things that are of high moral values such as charity work, heroic deeds all contribute to the welfare of the people. Moreover, it is not a coincidence that wrong actions harm people and right action help people.  Indeed, utilitarianism claimed that the reason that right actions are right is that they help people, and the reason that wrong actions are wrong is because they harm people.   The basis of morality is inside the principle of utilitarianism. You make people happy when you help them and you make them unhappy when you harm them. And so, conclusively, as long as a person accepts that it is best to help people as much as possible and hurt them as little as possible, he or she must accept that utilitarianism is right! Works Cited/References: Crisp, Roger 1997: Routledge Philosophy Guide Book to Mill on Utilitarianism. E. Goodin, Robert 1995: Utilitarianism as a Public Philosophy. Mill, John Stuart (Reprinted in Penguin Classics 1985, first published in 1859): On Liberty. Would you kill someone to save one hundred people? CreateDebate. Retrieved on 15th November 2009, from http://www.createdebate.com/debate/show/ould_you_kill_ someone_to_save_one_hundred_people Utilitarianism Wikipedia, the free encyclopaedia. Retrieved on 12th November 2009 from http://en.wikipedia.org/wiki/Utilitarianism Bernard Williams Wikipedia, the free encyclopaedia. Retrieved on 12th November 2009 from http://en.wikipedia.org/wiki/Bernard_Williams Introduction to utilitarianism. Retrieved on 16th November 2009 from http://www.utilitarian.org/utility.html Utilitarianism by John Stuart Mill Retrieved on 18th November 2009 from http://www.utilitarianism.com/mill2.htm

The Theme of Carelessness in The Great Gatsby :: Great Gatsby Essays

The Theme of Carelessness in The Great Gatsby      Ã‚   The idea of carelessness plays an important role in The Great Gatsby. Daisy, Tom, Jordan, Gatsby and Nick were all careless at some points throughout the book.   Daisy and Tom were careless about their relationship, their money, and many of their daily activities.   Gatsby was also unconcerned with his money. Jordan was blasà © about the way she treated other people.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   "They were careless people, Tom and Daisy - they smashed up things and creatures and then retreated back to their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made. . . ."(189)   This was an accurate description of the way Tom and Daisy acted.   They were constantly neglectful of the way they behaved and when they realized they were wrong, they would retreat back to their money.   It was always other people that had to pay for Tom and Daisy's careless mistakes.   Ã‚  Ã‚  Ã‚  Ã‚   Daisy also admitted that she was careless in a dialogue with Nick.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "I am careful."   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "No, you're not"   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "Well, other people are," she said lightly.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "What's that got to do with it?"   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "They'll keep out of my way," she insisted. "It takes two to make an accident."   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "Suppose you meet somebody just as careless as yourself."   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  "I hope I never will," she answered.   "I hate careless people."(63)      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   She quickly responded to Nick that she doesn't need to be careful. Daisy implied that it is the other person's responsibility to be mindful of her. She also said that she hates careless people right after she admitted that she was careless.   Daisy was indifferent about her relationship with Tom.   She knew that her husband was having an affair with another women but Daisy did not do anything about it.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Tom was careless in a much more obvious way.   He was brutal as well as destructive.   Tom felt that he could do anything he wanted and get away with it. He would never admit that he was dispassionate because he was egotistical.   Tom was careless in his relationship with Daisy, his wife, and Myrtle Wilson, his lover.   He allowed Gatsby to win his wife's love.

Hawthornes Brilliant Mind Essay -- Literary Analysis

Whenever reading a short story or novel, sometimes many questions pop into the mind wanting to know why the author writes in that particular fashion. In each circumstance, every author has a motivation that fuels them into their writing styles. For Nathaniel Hawthorne, influences came from every direction. Born from a puritan father, Hawthorne was always taught that god was the number one priority in his life. That he should always follow the rules and live without guilt or sin. When his father died at age 4, Hawthorne became increasingly interested in literature and was inspired by Spenser, Bunyan, and Shakespeare (Pennel 2). These authors had a significant influence on Hawthorne’s style as a writer (Pennel 2). For his Puritan heritage and his personal experiences influenced Hawthorne in his short story â€Å"Young Goodman Brown,† and his novels The Scarlett Letter and The House of the Seven Gables. One of the biggest influences of Hawthorne’s writing was his Puritan heritage. During the late 16th and 17th century, a group of people sought to â€Å"purify† the Church of England of remnants of The Roman Catholic â€Å"popery† left over from Queen Elizabeth’s I reign (Encyclopedia Britannica). The puritan people believed that one must be in convention with god in order to redeem one from one’s sinful condition. Later this reformation was an essential building block when founding colonies in America and establishing the Puritan way of life. Hawthorne’s great-great-grandfather father, John Hathorne was a Puritan and was one of the founders of the Massachusetts Bay colony in the 1630s (Pennel 2). So for Nathaniel Hawthorne, his Puritan heritage can be traced back to one most important people to have settled in America and establish his influence t... ...l about his interesting life. Works Cited Marks, Patricia. â€Å"Critical Survey of Long Fiction, Fourth Edition† Salem Press: p1-10. Literary Reference Center,. Web 8 May 2012 "Nathaniel Hawthorne (1804-1864)." Short Story Criticism. Ed. Sheila Fitzgerald. Vol. 3. Detroit: Gale Research, 1989. 152-197. Literature Criticism Online. Gale. Glendale Community College. Web 8 May 2012 Pennell, Mellissa McFarland. Student Companion to Nathaniel Hawthorne. Westport: Greenwood Press, 1999. Print Pfister, Joel. The Production of Personal Life. Class, Gender, & the Psychological in Hawthorne’s Fiction. Stanford: Stanford University Press, 1991. Print "Puritanism". Encyclopà ¦dia Britannica. Encyclopà ¦dia Britannica Online. Encyclopà ¦dia Britannica Inc., 2012. Web. 08 May. 2012 Terence, Martin. Nathaniel Hawthorn. Revised Edition. Boston: Twayne Publishers. 1983. Print

Fernando, 16, Finds a Sanctuary in Crime Essay -- Fernando Morales Cas

Research indicates that a combination of adverse socio-economic factors such as poverty, abusive or neglectful parents, and living in a violent environment, along with personal vulnerabilities such as impulsivity, puts a child at risk for delinquency and crime (Barnet & Barnet, 1998). Fernando’s story depicts how individual factors interact with environmental factors to shape an individual’s life. Social influence: Family and neighborhood Research shows that risk for crime behavior is worsened by poverty and lack of positive influences like a loving father, good neighbors or a teacher willing to reach out to the troubled child. (Barnet& Barnet,1998). A stable social environment gives the child the emotional security he requires, especially when he begins to explore his world (Lederer, 2010). Fernando lacked a stable social upbringing and received an early exposure to violence through physical abuse from his father and witnessing events like uncle hitting his grandmother. Elliot (1994) pointed out that these forms of exposure to violence during childhood increase the risk of violent behavior during adolescence by as much as 40 percent. Loebar et al. (1986) noted that children who go on to engage in persistent antisocial behavior are likely to have felt the effects of such parental behavior as harsh, inconsistent discipline, inadequate supervision, lack of involvement or rejection. The message that Fernando’s fat her’s abusive behavior communicated was that anger is a weapon and the willingness to harm confers status and compels respect (Barnet & Barnet, 1998). The effect of living in a high crime neighborhood had a devastating effect on Fernando’s upbringing, which was already marked by abuse and neglect. Fernando was pres... ....). NY: Jason Aronson. Bowlby, J. (1988). â€Å"Developmental Psychiatry Comes of Age.† American Journal of Psychiatry, 145(1), 1-10. Elliot, D.S (1994). Youth Violence: An Overview. Retrieved from http://www.cde.state.co.us/artemis/ucb6/ucb61092ad719942internet.pdf Goldstein, E. (1995). Ego psychology and social work practice. New York: The Free Press. Lederar, A (2005). On The Failure to Attach. Retrieved from http://www.radconsultancy.com/RAD-Articles/on-the-failure-to-attach.html Ojakian, E (2011). Mahler-Learning Theory [Class Handout], Silver School of Social Work, New York University, NY Siegel, Larry J. (2005). Criminology. California: Thomson Wadsworth. Tierney, John. "Fernando, 16, Finds a Sanctuary in Crime", The New York Times Company http://www.nytimes.com/1993/04/13/nyregion/fernando-16-finds-a-sanctuary-in-crime.html

Accounting Theory Exam Review

Stock should not change by the change in accounting policy, two examples in book where this did not hold (1 . Employee stock option – authorities proposed that employee stock options be expense has no impact on cash therefore should have no impact on stock price but rice was falling strong indication that accounting policies do matter 2.Dry holes companies were allowed to amortize dry holes but there was no revenue generated so it does not make sense so the only holes you could amortize is the successful ones e holes where they found the oil.. Dry holes would be expensed does not affect cash flow therefore should not affect price of stock, companies who were amortizing dry holes saw their price fall – accounting policy does matter significance = accounting theory/policy matter.. Managers of a company are going to try and keep up the price f stock therefore they will do things that have an influence on price and determines the cost of capital)information that it trades o n is important -difference between positive accounting theory (predict what will happen?measure is how accurate it is) and normative theory (predicts what should happen?is a good theory if it is logical – ex single person decision theory) managers will shift the income into the current period in order to increase their bonus (difficult to measure the shifting of income).Come up with three hypothesis that would support the positive accounting theory 1 . Bonus plan (managers will try to move the Income into the period where Its going to benefit them) 2. Debt convenient (managers will try to avoid a default In the contractual arrangement of debt, try and Increase net Income If they are at risk of debt covenant) 3.Political cost (companies that are facing political heat will try and lower their net income so they can argue that they are not making that much money) change they can affect the contracts (one party may benefit and the other may lose out) -major problem with testing p ositive accounting theory = hard to measure the earnings management (many ways to do so but some are not so obvious? discretionary approvals) 2 versions of PAT 1. Opportunistic (managers do what's in their best interest) 2. Efficient contracting (managers do what's best for the company) – slight overlap†¦Efficient contract tends to be more common -firms targeted for takeovers and debt violators will increase income , share price is more correlated with net income then cash flow, limited use of derivatives, what are the implications of the evidence that the efficient contacts are dominate over opportunistic = owners f the company cannot run the company themselves therefore they hire agents, conflict is controllable. Chapter 9: conflict resolution: 3 kinds of agency contracts = 1. Rent (rent the company to the agent so principal receives fixed income and the agent gets profit and risk, agents are risk adverse) 2.Percentage of profit (second best?you pay a bonus to the mana ger, get a percentage of the profit.. Problem is the agents efforts are not seen until after they're actually paid.. Overcome by basing compensation on a performance basis) 3. Salary (first best.. You can observe the gent, principal takes all the risk – problem is moral hazard) they argue that you can create a contract that causes truth telling-could be a penalty for honesty, no restrictions on the contract, could be legal implications. Can agents be trusted?Can they get away with earnings management? To extent, gives them some leeway, cannot fake numbers too large extent, audits prevent this. People assume that managers are going to manage earnings and they'll manage to the greatest extent. Characteristics 1 . Sensitivity 2. Precision (put 10% more effort get 10% more change Advantages and disadvantages of using historical cost account= precise but not sensitive.. Market price is sensitive but not precise. (similar to the tradeoff of relevancy and reliability) why are change s to accounting policies controversial?Cue contacts are rigid. Chatter 10: executive compensation.. Second role for financial account- stewardship What two roles do.. Performance measures are used In aging contracts, establishes the value in the.. FAME argues that employment contracts are not needed because the manager relies on reputation, does that mean we do not need measurements? The labor markets are not efficient therefore you still need contracts and if you rely on the labor market it needs measurement. You need performance measurements.Someone predicted that employment contracts will be complicated and research determines its truth.. Historical cost on net income is precise but not sensitive should add another measure of share price. What's the problem with share price? Is sensitive but not precise. Should executives bear any risk? Yes they should need risk to ensure effort. Not too much risk though. Chapter 1 1: earning management.. 4 hypothesis to test theory 1. BATH †“ decrease net income as much as possible to set yourself up for a better bonus next time. Income minimization – try and increase income to get the bonus.. F you're over the bonus cap you would lower your income to save for next year. CAP(Max for bonus) vs.. BOGEY (min for bonus) Income smoothing happens at every level concept to reduce risk.. Rather than take all audits and accruals prevent from bad earnings management bad side? Misleading information, excessive write downs, 6 reasons why managers would manage earnings.. Bonus, debt covenant, political reasons, initial public offerings, monomaniac inside info to investors, to meet investors expectation.. Is earnings management consistent with efficient market theory?No semi strong theory share price fully reflects biblically known information Chatter 12: market forces should hold therefore you don't need any regulations. Demand for information and supply of information. Information is a public good no one pays for it there fore there's unlimited demand for it. Better disclosure will result in more investor interest, increase liquidity, more institutions trading, reduce estimation risk, narrower bids and asks and therefore lower cost of capital and interest rates. How do you define information? Should be more detailed, additional information, more credibility.Disclosure principal: market knows that the managers has information, if they do not release the info the market assumes its bad. But its not as bad as everyone thinks – flea. Foods the market know that the manager has the information? Release of the information may be costly and is disclosure truthful. If there's no regulatory body there's no guarantee info to reliable. High type (good company, try to differentiate themselves, adopt conservative accounting policies, not overstate assets, or understate expenses, use top auditing firms) and low type (poor company Chapter 13: standard setters political issues.. Public interest theory (first b est , regulators would set the quality and quantity in the best interest of society, problem what is the ideal amountÃ'› moral hazard kicks in)&& interest group (conflict between stakeholder, policies are best decided by hacking input by everyone) 2nd theory is best Principal vs.. 4 criteria for deciding successful standards? 1 . Decision usefulness 2. Reduce info asymmetry 3. No serious economic consequences and 4. Should be consensus MATH: