M3 Unit 37 Essay

M3 the skills I need to develp are financail and accounting, Financial- The top reason why businesses go out of business is bad financial planning. All the cash flows in the wrong direction. Having worked through the dotcom boom and bust I have seen first hand what too big a budget in the wrong hands can do. Someone needs a firm grip on the numbers and it had better be you otherwise someone might just take a trip to a tropical island at your expense. I will be devoloping this skill by finding some volantry jobs for one or two week to gain some skills so then I should be able to run my own business. The other skill that I need to develop is the ability to implement systems (such as workplace information, risk management, continuous improvement and record keeping systems) that will help my business run when I am not there. I will be doing improving this by getting a business coures for one or two weeks to learn about the systems. Imagination- Many people neglect their creative side feeling that it is better to be all about the logic, but in fact some of the most successful business people are also the most imaginative. So I need to learn this skills by talking to other people who already running a business. Problem Solving- A big part of surviving in business is about solving problems fast and effectively. An employee who is good at keeping their head in a crisis while fighting fires is a worthwhile asset to any business. I will be practising this skills by getting some work experience at different organisations to improve my skill. Rukia Sadiqi p4 – unit 36 – discribe the legal financail aspects that will affect the start-up of your business. Legal status:Legal status means the concept of companies having a particular place in the market, from this as it determines the laws which affect themThere are many types of businesses: sole trader, partnership, private limited company or franchiseSole trader: this involves one person who is the boss and the owner of the company and has unlimited liability and the examples are a builder, a window cleaner and painter etc. Partnership: This business contains tow or more people up to 20 the share between the partners doesn’t have to be 50% it can be different share amounts partners also have a unlimited liability and some example are doctors, dentists and more. The partners must have a deed of partnership which is a contract between partners which legally binds them. The strength is that the partners well get the same percentage of profit as much as they have invested into the company. Private limited company is to make money quickly the cant sell there shares to the stock market as they have a great weakness. The owners have the main control in the business normally as they control the business and the main stake holders of the business are board of directors. The biggest strength they have is that if the company goes bankrupt the owners can loose thier personal positions so they pay off depts. Franchise is when the company such as McDonalds sells the rights and the promotion to the person to user their brand and logo to sell its products, services and logos, usually in a defined area. The person that gets the rights gives royalty to the users as this will involve paying fixed fees and a percentage payment of the franchisee’s sales turnover. The main strength of this is that the business is a success and that the advertising is mainly from the franchise company so this gives advertisement for all the franchisers that own the different branches. Our business is a parivet which is made up of my self Rukia and our business is called Rakz Hair salon which is a hairdresser . I chose to run my business privitaly because I want to make money quickly and want to have the main control of my business. The biggest strength I have is that if the company goes bankrupt then I can loose my personal positions so I will have pay off depts. M3- assess the implications of the legal and financial aspects that will affect the start-up of the business.

Living as a Christian disciple Essay

Explain how living as a Christian disciple may influence the lives of Christians today. Christianity is an entire way of life. It’s not only a part of your life it is your whole life. It is a sense of being with God. It is not a one way system, but in fact a two way bond. Being a disciple of God gives you a sense of who you are. You have the position of being part of God’s children as well as being a child of your parents. This is an incomparable feeling. A Christian is a person who lives their life daily for God. By praying on a regular basis, reacting positively not negatively with people and being an optimistic person rather than a pessimistic one. Christianity focuses a lot on how people treat others. Christianity believes everyone is equal. Nobody is better than someone else, even if they are richer. A disciple believes Christ is with you at all times. To become a Christian you must try and be the best you can be. An example of this would be the story about the Pharisee and the tax collector, having the best humanity. To develop into a Christian you need to know the principles. You need to live your life a certain way. That means you might have to sacrifice a few things but in the long run you will be rewarded. Again you must know how to deal with people. ‘Love the Lord your God with all your heart and with all your soul and with all your strength and with all your mind,’ and, ‘Love your neighbour as yourself.’ (Luke 10 vs. 27) A person needs to be willing to give up luxuries in order to gain better things. For instance a Christian must give 10% of their total income to either a church or a charity. But the more essential factor is time. Time is more precious than rubies. Time must be taken out of your day to think about God or even the elderly lady next door who lives all alone. Your attitude towards people is very important. Being a Christian affects what career you wish to pursue. Certain professions are considered unethical and therefore are not allowed. A job such as working in an abortion clinic, you are taking away a life which has a right to live, which is unjust. Another job which gives people grief is a traffic warden. A Christian has an important role to play in the family and in the home. There must be peaceful negotiation and they must always remember that children usually learn from the examples of their parents. So as a parent you must do good things and not bad. You must know how to function in a family. To be a dedicated Christian you are required to visit the church on a regular basis and to pray daily. At church Christians have communion, usually once a week. This is red wine and bread which s also called the Eucharist. The Eucharist is the ceremony in which Christ’s last meal with his disciples is celebrated with bread and wine, the bread symbolizes Jesus’ body and the wine Jesus’ blood. Although some Christians do not believe in going to church for example, Quakers and the Salvation Army. Quakers are Christians who do not have set services or have no ceremonies and do not do repeated rituals. The Salvation Army consider that you should be careful and make sure that ceremonies do not become more important than the meaning of the belief or faith. Also the Salvation Army do not drink any alcohol as when they first started the group alcohol was a serious problem, therefore they are not allowed to have communion as it involves wine. There are many noble Christians who have acted as excellent role models, in the past and in the present day. Some of these famous Christian disciples are Oscar Romero, Mother Teresa, Martin Luther King, Desmond Tutu and many more. I am going to tell you about Desmond Tutu. Desmond Tutu was born in 1931 on the 7th October. He lived in South Africa, a society where coloured people were considered as outcasts, a racist system of apartheid. They had to learn from an early age that their needs were considered less important than the needs of white people. They were not allowed to mix with the white people. For example black children could not go to the same school as a white child and at all times black people had to carry their passbooks to show who they were and if they had a right to be where they were, they also were not allowed to go into cafes or go to beaches and parks. In the street white police officers would look them up and down as if they were criminals. It was hard for children to grow up watching parents and role models being humiliated in this way. Desmond Tutu went to an all black school. He worked willing and was therefore intelligent. He was a kind and gentle boy. At the age of 14 Desmond got Tb. He was put in hospital for 2 years. An English priest called Father Trevor Huddleston visited him every week. Trevor Huddleston had been trying to make the lives of the black people better. He believed apartheid was evil and very unchristian. He opened hostels and nurseries for homeless people o stay in at night. He also defended black people when they were challenged by the police. A life long friendship blossomed between Desmond and Trevor. During his stay in hospital Desmond became more thoughtful and reflective. He had a strong commitment towards Christianity and a spiritual approach to life. Desmond was influenced by humility, gentleness, selflessness from spiritual people like Trevor. After leaving school Desmond decided train as a teacher. He worked as a teacher for a few years but he couldn’t stand there and watch his people suffer. He wanted to do something about it. So he left teaching and became a priest. In 1961 Desmond was ordained as a priest. He was given his own parish church and a proper house in an area of slum housing. It was rewarding work, a satisfying job with people who loved him having him as their priest. In 1962 he was offered to go to London to study for a second degree in theology. When he got there he couldn’t believe that he was allowed to walk freely and not have to check for signs where they were not allowed. He wasn’t searched by police; he didn’t have to carry a passbook around with him. He loved it. After 3 years when he returned to South Africa, he found it difficult being a second class citizen again. From the understanding of the Bible he saw that Christianity stresses that all people are equal and that God wants people to be free. As a Christian he felt it was his responsibility to help black people become equal with white people. Two years later Desmond took a job in England. In 1975 he was given the post of Dean in Johannesburg. If he accepted it then this meant he would have to move back to South Africa. This post had always been held by white men so he wanted to make a change and accepted the post. The cathedral had a racially mixed congregation and clergy. Desmond bought in changes to the worship including shaking hands, hugging and kissing your neighbour on the cheek which made many fell more comfortable. In 1978 wealthier black people were starting to be allowed into a few public places but the community as a whole were kept as second class citizens. In one of Desmond’s speeches he dramatically promised to burn his Bible on the day that he was proved wrong about apartheid being an evil. Another thing Desmond said in one of his speeches was, â€Å"At home in South Africa I have sometimes said in big meetings where you have black and white together, ‘look at your hands-different colours representing different people. You are the rainbow people of God.’ And you remember the rainbow in the Bible is the sign of peace. The rainbow is the sign of prosperity. We want peace, prosperity and justice and we can have it when all the people of God, the rainbow people of God, work together.† In 1984 he was awarded in the Nobel Peace Prize in America. Soon the whole world came to see Desmond as a symbol for the fight against apartheid. In 1986 he was further promoted to Archbishop of Cape Town, the first black man to hold this post. In 1989 F.W De Klerk became president. The ban on ANC and PAC was lifted symbolising freedom for all black South Africans after so many years of suffering. In 1993 exclusive white rule finally ended. The result of the first democratic election was that in 1994, Nelson Mandela became the first black South African president. By 1996 there was a new constitution aimed at creating a full racial equality and harmony. The hardest challenge facing bereaved families was not only to forgive those whom had caused their suffering, but to make sure that forgiveness was complete and unconditional as with Christian love. This would mean the new South Africa could grow from strong roots, unaffected by blame and bitterness. I think Desmond Tutu was a good Christian disciple as he helped the black people of South Africa. He bought equality in South Africa which is what God says. He is helping others and spreading the good word of God. He is determined and will not give up when things get tough. Another example of a good Christian disciple is a man called Oscar Romero. He was born in Ciudad Barrios, El Salvador in 1917. He was a Catholic man. He thought the best way to help people would be to serve God as a priest. He frequently visited prisoners in Gaol and he worked with alcoholics He promoted the activities of ‘Alcohol Anonymous.’ He set up charities to provide aid for the poor and the hungry. Oscar was a respected man. He spoke for the poor, opposed the government, opposed military and opposed rich families who influenced the politicians behind the scene. He was a determined Christian disciple. Romero’s aim in life was too help the poor and hungry and the only way he could help them was by making sure the church get a say in politics. He started at a seminary in San Miguel, in 1930. A few months later he was sent to Rome to complete his theological studies. In 1942 he is ordained as a priest. In 1943 he returns to El Salvador having witnessed early years of the Second World War, in Europe. From 1944 he worked as a parish priest but a few months later he was called by the bishop to work as the secretary of the diocese, a post which he held for twenty-three years. During this time most of his pastoral work focused on the cathedral parish. Between 1962 and 1965 Romero was a largely important priest in the diocese. He was in charge of the local seminary and editor of the diocesan newspaper. In 1967 he was appointed as sanctuary, ‘General of the National Bishops’ Conference,’ and he moves to San Salvador. Then in 1968 he takes up an additional role for the, ‘Central American Bishops’ Secretariat.’ In 1968 the council of Medellin is held in Colombia. In 1970 Romero is made auxiliary assistant bishop in San Salvador. He becomes increasingly aware of the plight of the oppressed and the poor but resists th e notion that the church should be too involved in politics. In 1974 Romero is made bishop of San Salvador. In 1977 he is made Archbishop of San Salvador. It was dangerous to be a Christian in El Salvador. To speak the Gospel message of God’s love for the poor and suffering of the world was to risk persecution. This was a statement the government could not ignore. A person could not claim to be a Christian if he or she ignored the violence against so many in the country or if they ignored the bombings, the illegal detentions, the torture and the callous murders of men, women and children. These murders were seen as a direct attack on the church itself. It was an assault which the Church could not ignore. This is when Romero decided on his course of action. His thinking on religion and politics develops. He sees an increasing need for the church to have a voice in politics and becomes an outspoken critic of injustice and oppression. On the 24th March 1980 Oscar Romero is assassinated. On the 30th March 1980 the, ‘Palm Sunday Massacre,’ took place. He had the most powerful and influential voice of the Church and he was the spokesperson for the oppressed. Romero believed that the Gospels did not see a division between religion and everyday life. In a world of fear and terror, Romero’s preaching of the Gospel message of love and justice was a source of hope for the people. One of the famous things Romero said was, ‘May Christ’s sacrifice give us the courage to offer our own bodies for justice and peace.’ His last sermon, on the Sunday before his death, was very significant. In it Romero made a special request to those with belief in God and those of Christian faith. It was a sermon which many believe cost him his life. In the sermon Romero said, ‘Nobody has to fulfil an immoral law. Now it is time that you recover your consciences and that you first obey your conscience rather than an order to sin. We want the Government to understand seriously that reforms are worth nothing if they are stained with so much blood. I beg, I ask, I order you in the name of God: stop the repression.’ A week after the preaching these words Oscar Romero was assassinated. In the days before the funeral crowds of people flooded into the city. Visitors arrived from all over the world. Not only the Church leaders but also important politicians from many countries were present. Romero had become a respected political as well as religious leader. Nuns and priests were gathered in a very public hunger strike. In protest at the killing of Romero, they were refusing to eat. This showed how great a person he was. There were as many as a hundred thousand people packed in every available space outside the cathedral, waiting for the funeral service. The solemn funeral service began in a dignified manner. During the sermon everyone listened intently to the words of remembrance for Oscar Romero. During his life Romero tried to put such ideals into practice. His religious belief was always a practical matter and his great desire was to see people work together for a better world. Romero shared, with all who would listen a vision of justice in an injustice world. His life and martyrdom are remembered by millions. In a troubled world Romero remains as a sign of hope. Those who killed him may have thought that they would be silencing a powerful voice against injustice in El Salvador. They may have killed the man but the message of justice for all still lives today.

American government Essay Example | Topics and Well Written Essays - 500 words - 1

American government - Essay Example However, the powers vested upon each of these branches are accordingly limited by checks and balances imposed by each of the three. In this light and upon the analysis of the limitations of power, it can be said that the most powerful amongst the three branches is the legislature and the weakest is the judiciary. This argument can be proven by explaining the tasks of the three branches and by elaborating the checks and balances which limit the powers of each. The executive branch is tasked with the proper and due execution of laws. The highest degree of power rests upon the president, his secretaries and other directors of other offices such as the Central Intelligence Agency, the Environmental Protection Agency, the Peace Corps, and the U.S. Postal Service (Cengage). Checks and balances limit the amount of influence the administration Congressional intervention. The legislature has the power to override the presidential veto with two-thirds vote. Executive decisions are also depende nt on the approval of the Congress when it comes to treaties and appointments. To add to this, petitions for impeachment filed against officials from the executive branch are forwarded to the legislation for execution and trial (Cengage).

Human resource management Essay Example | Topics and Well Written Essays - 1500 words - 8

Human resource management - Essay Example In this paper, McDonald HR practices will be described in light of the unique diversity and cultural variation at the workplace. The paper will discuss performance management and culture management at McDonald based various human resource theories. This aspect of human resource management focuses on the management of various aspect of a business, which includes the employee, the product or service offered to the customers (Aguinis, 2007). At McDonald, performance management is a key function of the corporate managers and is aimed at improving the abilities of the employees to increase output and achieve the goals of the organization. The management keenly identifies measure and develops the performance of various employees based on the strategic decisions of the organization. McDonald developed a performance development system to help align individual performance goals with the objectives of the organization (Aguinis, 2007). Rewards to every employee at the company are influenced by the PDS performance and this determines the reward advanced to the employees. The management of performance at McDonald begins with the development of individual performance plan. Human resource managers engage all employees to develop individual performance plans and use the same plan to enhance their performance based on the goals of the organization. With this approach, the feedback on the performance of an employee is acquired from members of his team, the subordinate stuff, colleagues of similar ranks and even supervisors. This approach enables an organization plan for proper human resource development for its employees based on the positive and negative feedback received. As part of its performance management program, McDonald has introduced a 360-degree kind of feedback (Reissig, 2011). This feedback approach seeks to identify the performance of various employees through the feedback from the store customers. Through this approach, McDonald restaurants

Human diversity in working with individuals of minority status Essay

Human diversity in working with individuals of minority status - Essay Example How perceived discrimination against minorities affects the overall organizational behavior, and how supporting diversity negates the negative effects of this discrimination, is the research problem the author has brought forward. The problem statement very well goes with the title the author has suggested and has good scholastic importance. The problem can be well understood by an average reader and the research is not limited to the author’s own aptitudes and ideas. This research seeks to test the chief hypothesis that workplace racial discrimination leads employees to link the organization with procedural injustice. This is the main point the author has claimed in the different hypotheses that he has stated. The author’s main research questions are- why employees’ perception of racial discrimination leads to affected organizational environment? How is it linked to procedural justice or perception about it? And what steps organizations should make to support diversity so that procedural justice is fostered? The author has given an extensive review of literature citing other researchers’ works, and explaining them, in order to support the need to conduct this specific research. He has cited many researches which discuss the importance of diversity and procedural justice in organizations. The author asserts that despite all past research, this study is going to fill the gap in the existing literature by giving even greater consideration toward devising strategies to support organizational diversity. The author has studied literature which is almost current. The design of the research is quantitative. The author, with the help of past research works, has worked upon a grounded theory that explains the link between racial discrimination and overall organizational environment. The methodology used to gather statistics and

Advanced Portfolio Management Research Paper Example | Topics and Well Written Essays - 3750 words

Advanced Portfolio Management - Research Paper Example Efficient market hypothesis works on the assumption that on the average the investors have rational expectation. With available information individual investor’s reactions are random and follow a normal distribution pattern. This in turn implies that no individual investor can outperform the market on a consistent basis. Individual investors may over or under react; individual investors may outperform or underperform for a short period. But all the deviations are random in nature and will self-correct in a short period. Thus market will always be right (Copeland and Weston, 1988). Among the three forms of efficiency, the weak form efficiency hypothesizes that the current market price does not reflect fair value and only reflects the past prices. Since it does not adapt to a change in current information, the future price cannot be predicted from past or current prices. Empirical evidence does not always support weak form efficiency of a market. There have been noted differences between stock market behavior in developed and developing countries. However research findings in different markets are not universally accepted (Elango & Hussein, 2010). Many comparative studies have been done to examine performances of many different stocks and variables results have been observed (Solink, 1973; Cooper, 1982; Urrutia, 1995; Dahel & Laabas, 1999; Rao & Shankaraiah, 2003). To compare the performance of stock markets in a rapidly changing economic scenario worldwide, it was decided to check for weak form efficiency in two developed countries and in two countries belonging to Gulf Co-operation Council for a considerably long period of time in very recent past. Four countries, the names of their stock indices considered and time periods chosen given below. Every week trades take place on 5 days of the week and the other two days are excluded from the analysis. However, given that the countries have different customs,

Film Noir Essay Example | Topics and Well Written Essays - 1250 words - 1

Film Noir - Essay Example Hence, the significance of film neo-noir is that they draw upon or relate the image, the notion and the putative rules of film noir. The approach of the research paper is to identify the attributes that Spicer argues â€Å"neo-noir has remained a form that continues to accommodate complex, difficult ideas whereby existentialist attitudes continue to flourish.† Using the film Memento (Nolan), I can present how these neo-noir attributes have been presented in the film. Perhaps Memento has the most complex neo-noir feature as it provides a space in which the audience can, if not force, to deliberate the nature of identity. Though the question of identity is a repeated theme in neo-noir films, it is in Memento that has directly addressed this concern. The film depicts an antihero whose memory maybe or is faulty and his experience of time is confusing and is uncertain about his past and not sure about the meaning of the present activity he has engaged in and the very fabric of his identity (Nolan 217). Therefore, depicting that it consists attributes of neo-noir. The film is much concerned with the dark side that emphasizes loneliness, alienation and the fear that any or all activity being carried out by the character may be futile and meaningless. Therefore, the choices taken by the noir protagonist are never the real ones; lack the opportunity of escaping the bonds of convention, except via a hollow freedom represented by money, power, sex, and pro mise of adventure. Moreover, in the film, Memento, the noir antihero (Leonard) is often acting from desperation instead of rational choice, reacting to an inchoate, contingent world dominated by blind chance, which is often threatening and carries an undercurrent of violence that at any moment they can strike. Therefore, being an instant in the film of attributes stated by Spicer’s in his essay as being a neo-noir. The protagonist in Memento, has anterograde amnesia, and is unable to

Art, science, and imagination Essay Example | Topics and Well Written Essays - 1000 words

Art, science, and imagination - Essay Example In particular the author has identified the changing technology to be the main factor in the determining changes that are eminent in our society. The culture image has over days changed due to the concept of receiving and perception of the images that are around us. Berger further states that the current demand for visualization of images is so high in our present world that the images end up being degraded by the same people visualizing them. According to Berger, one has to deeply understand something before appreciating it otherwise any judgment prior to this is unjust. All through the paper, he maintains that people always look at things and visualizes them even in dreams. However very few people do have the chance of showing interest on the actual happening of what they see rather their assumptions are always made from the things that they can see. Very few people find out what is happening in the inside and so make a lot of unjustified judgments. Due to this fact, he maintains t hat people have wrongly used the appearance instability to make judgments. He maintains that there is very minimal chance of a new product being made with its source being in direct contact with it. Most of the theories of Berger are justified but at some point, I fail to agree with him. I believe that there is a major role that anxiety plays in the understanding of how an object is like, to someone viewing it. This is because some viewers take no time to know what is inside the object that they are looking at. According to Berger, most of the viewers tend to be blind to the real life that they are living and as a result, they fail to understand what the real images that they see contain. As a result of this, communication in the current society is much complex. Wilson E.O presents a very contradicting idea to Berger’s ideas through his essay â€Å"The Bird of Paradise†. Depicting himself as a hunter and a poet, he links both the world of science and art. He narrates h ow he came into contact with nature in a research. Berger concludes that natural selection plays a major role in explaining how synthetic and analytic perspectives are reached. According to him, both work together to ensure the success of natural selection. This is contradictive to the theory of Berger in which he insists that the world of artists are based on theory, and how people interpret art and imagine personal things. This would therefore mean that the world of art and science are too complex to merge. In her essay, â€Å"Imagination and the Aesthetic Appreciation of Nature† Emily Brady maintains that the individual subject is vital to the appreciation of all forms of art. By so it means that every individual can appreciate art in their own way through visualization of any image. This is in contrast to Berger’s essay in which he maintains that visualizations without the deep understanding of an image are not possible. Emily insists that the aesthetic responses t o art are guided by the art itself and the individual preference. Therefore some people may not appreciate the work of an artist not because they have not looked at it from within but because of their own personal preference. I can deeply understand this theory in my daily life while playing piano. A year ago, I fell in love with Chopin’s music and started to practice it. During the first a few days of practicing, I focused mainly on the basic skills and closely followed the music paper, the accuracy of the notes, strength of the staccato, and the

The Significance of Corporate Social Responsibility in the Research Paper

The Significance of Corporate Social Responsibility in the Contemporary Period - Research Paper Example It is in the last three decades that numerous discourses on CSR happened (Campbell 2007). There is an assumption that the notion of CSR has contributed to the changed nature of modern organizations (Tencati & Zolsnai, 2009). Since, CSR becomes the theoretical basis for organisations to accept the truism that their responsibility is not only to secure and increase profit for the firm (Milton, 1970), but it also includes being responsible to other actors in the society that may be affected by the actions and activities of the company. The ‘noble’ intention underpinning CSR has earned the ideal wide acceptance in the business world. However, in the recent past, many are questioning the validity and ’authenticity’ of CSR because of the obvious contradictions between what some well-known corporations are doing and saying. This situation is heightened by the Enron experience, the global economic crisis that started in 2007, and the various ethical issues involving pharmaceutical companies, sweatshops, child labour and other similar cases that persist despite claims of adhering to the tenets of CSR. Thus, now some are questioning the continued importance of CSR in the midst of corporate abuses and impunities. In this regard, this research will attempt to address the problem ‘is there still a continued significance for corporate social responsibility?’ With this question, the research aims to understand the current perception of some scholars regarding the importance of CSR. Likewise, the study intends to know whether there is still a meaning for CSR in the contemporary period. Finally, it intends to determine the continued possible merits of CSR despite some impurities of some well-rated firms. In order to address the issue and achieve the objectives of the study, the research adopted a documentary analysis of some articles relevant to the research topic.

BCG Growth Matrix Assignment Example | Topics and Well Written Essays - 250 words

BCG Growth Matrix - Assignment Example Market growth is the percentage at which the market is growing over a given period of time. Market or demand growth indicates opportunity. Low growth products or markets have greater competition and vice versa. Marketers and ecommerce owners can use industry analysis, published reports and third party tools to track sale rates to gauge market growth. Marketers should plot the market share and market growth at least annually for each product category on the BCG Matrix. The BCG Matrix has four quadrants. Products in the Dogs quadrant are those in the lower right quadrat. They have low growth and low market share. These products should be closed out. The Cash Cow products are those in the lower left quadrant (Roggio, 2014). They have good market share and low growth. These products are harvested from with the revenue being invested elsewhere. The Question Marks products are those in the upper right quadrant. They have low market share and high growth. These products are promoted and advertised. The Stars are the upper left quadrant. They have strong market share and high growth. Marketers hold on to the Stars and try to continue to grow with moderate advertising and marketing. The benefits of the BCG Matrix include helping marketers evaluate balance between the quadrants, seek experience and volume effects, prepare for the future, and manufacture new products at low enough prices to lead in the market share. BCG Matrix is also easy and simple to use. The limitations of the BCG Matrix is that it neglects synergism between product lines, the Dogs can earn more than Cash Cows sometimes, getting data can be a challenge, high market share sometimes does not reflect on profitability, low market share products can be profitable and small competitors with fast growing market shares are neglected. Roggio, A. (2014). Using the BCG Matrix for Ecommerce Marketing Decisions. Practical ecommerce. Retrieved from

Children and the hous Essay Example for Free

Children and the hous Essay Carver has been called a dirty realist. In what way do you think this can be applied to Neighbors and Theyre not your husband?  I dont think Carvers work can really be stereotyped; it is certainly different from other fiction by other American writers, so I dont think it can ever really be given a heading like dirty realism.  Even though the word dirty conjures pictures of filth, squalor and generally anything sexually different that people tend to shun, but in fact it almost has a double meaning- it doesnt have to mean sordid- its almost a term for describing anything sexually explicit which might otherwise be thought unethical or immoral. Neighbors is a story which basically is an insight into someone elses life- something that you would never normally know about that could be translated as interfering or an incredible lack of respect for other people and their belongings.  Theyre not your husband is a portrayal of male behavior and how controlling it can sometimes be.  Neighbors is a revealing insight into the life of a couple going through a particularly difficult stage in their relationship. The idea of such a trivial thing like feeding their friends cat is a particular trait of Carvers- to use something incredibly mundane to blossom something amazing from something pretty boring and routine. The way Bill and Arlene break all the unwritten laws of society and therefore bring a new flame to their relationship is odd in itself, but when you think about it, it is an obvious way- to try on the lives of people who are happy and confident in their relationship, and copy it into yours. The non conformist way they behave is yet another style of Carver; to show us the way people behave when they know other people cant see into their world or the way they are acting. I dont think that this particular story is particularly dirty, even if it is slightly sexual- it is not particularly crude or off putting. It is quite subtle- for example, the way that they always use the excuse of playing with Kitty when they spend hours in the Stones flat, is reminiscent of felines, which can be portrayed as erotic or sexual, and it is such a pathetic excuse that its obvious its not true- but neither of them ever questions it, they seem to have a hidden bond which lets them understand each other perfectly, and I think this is why they dont need to discuss anything when they go into the flat together. Although the Millers make the fatal mistake of leaving the key inside the house at the end of the story, it is too late, the image of perfect, routine middle- class life is broken. We realise that when we saw these people as a normal couple, mundane with no ups and downs in their lives, that we had only just scratched the surface. These people can behave just as badly as anyone else an although we do not see it, they are just as unlikely to conform to some perfect boring lifestyle than any of us. Theyre not your husband is a frank description of how male behavior can lead to extremes when men are put under great pressure. This can often happen in relationships when the female is more successful than the male, yet is unlikely to happen in circumstances where the man is the breadwinner and a wife or partner is left at home to look after children and the house.  This statement is proved when Earls failure to get himself a job leads to his controlling behavior over his wife in a want of something to live for, a purpose in life. Earl enjoys having some influence over her life and the way he can make decisions for her- after all, he doesnt really have any to make for himself. It gives him something to think about- ways to get her to lose more weight quickly, to make her an object of desire that he can be proud to be seen with. Earl seems to have no opinions or morals of his own- he relies on the opinions and gossip of other people to tell him whether his wife is attractive or not. He doesnt seem to be able to tell that she has lost too mush weight- it is like he has lost slight control of his mind, similar to the way anorexics do, they believe they are still fat even when they are skeletal. Earl would like her to continue losing weight until he hears someone say that she looks good- then he would be satisfied. The language used in this story is much more crude and chauvinist than that used in Neighbors. When the two business men discuss Doreen, saying Some men like their quim fat, this is deliberately coarse and blunt to represent just how lightly it was said, and how shallow Earl must be to take it seriously instead of standing up for his wife and forgetting about it. Instead he walks out of the cafe, pretending not to know her to save himself embarrassment. The language they use is quite dirty, but this is not Carvers own views- it is him trying to show how insincere and shallow people can be, and the seedy way they can behave. How 0men can judge a woman simply by her looks and completely ignore character. This is extremely realistic in the sense of how people are embarrassed to admit they are with somebody because they think theyre special, desperate for other people not to think worse of them because they like someone not considered to be up to the standards of others. It shows the appalling level that things can get to in a real- life situation without any of the family noticing much. IT takes outsiders to make a difference, good or bad. In both stories Carver uses dirty realism to give the audience an insight into the lives of real people- things that could actually happen and dont revolve around some huge unrealistic drama like a lot of fiction does. However it is a lot more obvious in Theyre not your husband than it is in Neighbors, simply because the language is that much more raw and unrefined. It is subtler in Neighbors, yet it is still there, and if anything, I find the subtlety more effective than the obvious, harsh language in Theyre not your husband. In both stories the language is simple and unpolished, leaving the mind of the reader open to discover the seedy and immoral world he has based his characters in. It opens your eyes to see the world around us in the same way, which is slightly daunting and depressing, but probably a good thing in the long run as it lets us look at other people and realise how pointless their lives are.  I think Carver has been classed as a dirty realist simply for the reasons that he uses sex as to act as a part in the life of human beings which can be changed by something which doesnt have to be very dramatic, making it realistic.

Dramatic Tension in “The Royal Hunt of the Sun” Essay Example for Free

Dramatic Tension in â€Å"The Royal Hunt of the Sun† Essay How does Shaffer create and use dramatic tension in â€Å"The Royal Hunt of the Sun† and to what effect? The Royal Hunt of the Sun is a gripping play about the journey of the Spanish army sent to conquer Peru, and the unlikely friendships that are formed. Shaffer creates dramatic tension with a number of techniques such as the use of Martin to narrate the story to the audience, a unique and powerful use of sounds, and the use of symbolic props and duologue scenes that create dramatic irony. He also employs a number of methods to show the contrasts and similarities of religion, culture and philosophy between the Inca and Spanish armies. Shaffer initially uses Martin’s narration to foreshadow the ensuing disastrous events. Old Martin generates the audience’s attention at the very start of the play by saying â€Å"This story is about ruin.† This creates dramatic irony and suggests a treacherous and threatening atmosphere. In â€Å"The Mime of the Great Ascent† Old Martin speaks about the tribulation the army faced â€Å"†¦we crept forward like blind men, the sweat freezing on our faces† in order to gain the sympathy of the audience. Old Martin’s emotions are showed in different ways throughout the play, â€Å"Look at the warrior where he struts†¦ salvation in his new spurs. One of the knights at last.† Here Shaffer uses Old Martin’s cynicism and bitterness to exaggerate the loss of Young Martin’s innocence and childhood and gain the empathy of the audience. As the story unfolds, the reason for Old Martin’s pessimism becomes clear to the audience, â€Å"I went out into the night†¦ and dropped my first tears as a man†¦ Devotion never came again.† Here Shaffer uses Old Martin’s reflection on his past as a window through which the audience can see how Martin’s broken youth shaped him as a man, and uses realism to involve then in the action onstage, creating suspense. Shaffer makes use of stage directions, which play a big part in revealing the symbolism of the performance, and creating dramatic tension. The use of â€Å"Tropical bid cries† throughout the play creates a dangerous and threatening atmosphere, and hints at the power Atahuallpa has over Peru and the Spanish army. During the climb of the Spanish Army to reach the city, Shaffer uses  Ã¢â‚¬Å"an eerie, cold music made from the thin whine of huge saws.† This creates an unnerving atmosphere, putting the audience on edge. Symbolic props also play a large part in creating contrasting moods throughout the performance. â€Å"Four black crucifixes, sharpened to resemble swords† are placed on the back wall, criticizing the hypocrisy of the church, and the use of religion as a pretext for killing whilst representing the conflicted and violent theme. During the course of the play, Shaffer uses the imagery of the â€Å"golden sun† which is placed at the back of the stage. â€Å"Diego†¦ drives his halberd into a slot in one of the rays.† This symbolizes the destruction of the Inca empire, and once again sound is used to create tension when â€Å"The sun gives a deep groan, like the sound of a great animal being wounded.† Here the personification of the sun creates sympathy and compassion amongst the audience. Peter Shaffer uses scenes of duologue between the main characters to give the audience an insight into the relationships between them, and create dramatic irony. During the play there are moments where Pizarro is alone with Young Martin, and speaks to him in confidence; here the audience is encouraged to sympathize with the characters’ predicaments and anxieties. When Pizarro warns Young Martin that the Army is â€Å"Nothing but years of Us against Them† the audience becomes aware of the extreme differences in their opinions and views, which creates great tension and unrest between the characters. Shaffer enables Pizarro to freely suggest the extent of is own greed and betrayal during his duologue scenes with Martin, â€Å"if the time ever came for you to harry me, I’d rip you too, easy as look at you.† Here Shaffer creates more tension, causing the audience to question Pizarro’s loyalty to Martin, whilst hinting at the slightly more malevolent and spiteful side to Pizarro. The duologue scenes between Pizarro and Atahuallpa allow the audience to see the fragile and personal characteristics of the otherwise powerful, dominant male figures. At first Atahuallpa shows his lack of distrust in Pizarro when proclaiming him dishonest â€Å"you have no swear to give†. Atahuallpa takes a leap of faith and trusts his captor, to the surprise of the audience, creating an uneasy and nervous atmosphere. â€Å"You make me laugh! (In sudden wonder) You make me laugh!† It is at this point in the play that Pizarro realizes he has formed a genuine friendship  with Atahuallpa, and the audience feels the tension rise once again as Pizarro is forced to decide the fate of Atahuallpa. A main theme of the play is the contrast between the Inca and Spanish cultures. Atahuallpa is nearly always shown sitting high up in front of the golden sun, showing his power and authority, whereas the Spaniards wore heavy, clumsy clothing, which symbolizes their awkwardness in the foreign land, and their ignorance of other cultures. Domingo says â€Å"God-dammed place. I’m starting to rust.† This could indicate of the immorality and true objectives of their journey. The Spanish consider Atahuallpa to be â€Å"just one savage† when in fact he is the core of the Inca society, this is shown throughout the play. Atahuallpa finds it difficult to understand the Spanish way of life as the Incan religion and society was built on concepts and simplicity rather than material wealth and gain, creating tension. Despite many differences, both religions believe in a supreme being who would rise from the dead. Until Pizarro met Atahuallpa, he had lost faith in all conventional religion, and exclaimed, â€Å"I’m going to die! And the thought of that dark has rotted everything for me.† Atahuallpa gave him a new sense of belonging and introduced him to the Inca religion, â€Å"Believe in me. I will give a word and fill you with joy.† Pizarro found this concept very attractive and was instantly fascinated by Atahuallpa. This creates tension and increases the audience’s interest in the story. The great contrasts between the two cultures and the similarities between the two men create a sense of mystery and rising tension as the story continues, this is greatened by the audience’s knowledge that Pizarro will have to kill Atahuallpa. Shaffer uses stages directions, imagery, sound and narration to create an ongoing sense of tension throughout the play, it is extremely effective. I particularly enjoy his use of duologue scenes to create tension and allow the audience to gain an insight into the story.

Flow Assurance Assignment Design Engineering Essay

Flow Assurance Assignment Design Engineering Essay INTRODUCTION This report describes about the design of subsea pipeline that transfers condensate from satellite platform to processing platform. Designing of subsea pipeline and compiling this report exclusive design programme called Pipesim from Schlumberger is used. This programme used for designing and analyses for oil and gas production. And also analysis flow line and surface facility performance to produce complete production system analysis. OBJECTIVES Avoid the formation of hydrate; Screen the pipeline for severe riser slugging to avoid its occurrence; Size a slug catcher; Optimise the insulation of the pipelines Carry out an corrosion and erosion analysis Provide engineering data PIPELINE EXPLANTION The pipeline begins from satellite platform. From that platform it goes down to 400 feet into sea bed. Then pipeline laid for 6.8 miles on the sea floor. Pipeline is connected to riser and taking upto platform surface.Here that will be connected to water seperator and multiphase pump. The water seperator has to be 90 % efficiency and about multiphase pump there has three choices of 50, 100, and 200 HP with efficiency of 80 %. After multiphase pump comes down with riser about 400 feet and connected to pipeline.This horizontal pipieline laid for 5 miles.End point of this pipeline connected to riser and taken upto platform. From that platfrom, pipeline travels over the sea to processing platform for 8 miles.Every technical datas are provided in appendix 2. Schematic sketch of pipeline is given below from Pipesim: Pipeline Design Selection of Internal Diameter of Pipeline In this project, we have choice of pipeline ID size 8, 10 and 12.Condensate should have to reach in processing platform terminal with minimum pressure of 1000 psia. By doing analysis with three unlike IDs only a combined pipe size of 10 and 12 achieved minimum pressure at processing platform. For 11,000 stb/d and 6000 stb/d, minimum arrival pressure is 1425 psia and 1,109 psia respectively got from graph. For multiphase pump decided to choose 50 HP. After selection of pump and pipeline size, these have to be checked in pressure temperature profile analysis for ensuring arrival pressure at processing platform above 1,000 psia ( Shown in appendix 1). Pipeline Insulation Minimum arrival temperature of condensate is 750F at processing platform. For attaining this value, the pipeline has to be insulted due to heat transfer loss. For finding out how much insulation have to use in pipeline done through by using pressure temperature analysis. For this insulation analysis is started with thickness of 0.25 and if its not satisfied, hence we have to increment 0.25 continuously. Thickness selection can be done through by clicking in pipeline and enter values in heat transfer tab. There we can enter pipe conductivity, ambient temperature and burial depth. After entering all these values we will get an insulation thickness of 6 and minimum arrival temperature as 81.50F. These arrival temperature satisfys both processing platform temperature and formation of hydrate ( Shown in appendix 1, figure 4). Formation of Hydrate Hydrates are formed at high pressure and low temperature with combination of water and gas. Usually hydrates are formed inside subsea pipelines like plug formation. This can create major issues in oil and gas industry and resultant will be damaging of pipelines as well as processing facility. To hinder hydrates, inhibitors are used in pipelines. Widely used inhibitor is methanol. Hydrate formation condition provided in notes as follows: Temperature Temperature 1500 psia After taking amount of insulation in account for getting an arrival temperature above 750F is satisfied from above results. And keeping temperature and pressure in limited figures can control formation of hydrates in pipeline. From graph values (Shown in appendix 1, figure 4) above conditions are satisfied: Liquid flow rate corresponding pressure and temperature 6,000 stb/d: 1425 psia 81.5 0F respectively. Liquid flow rate corresponding pressure and temperature 11,000 stb/d: 1109 psia 100 0F respectively. Screening for severe riser slugging Number of factors is caused due to slug formation in riser. Some of them are given below. 1. When Pipeline elevation is slightly downward before riser connection 2. If fluid flow pattern is segregated By using PI-SS number riser slugging can be determined. Riser slugging can be conformed when number is less than 1.Then slug catcher have to be designed by using pipesim. PI-SS number can be calculated through report from pipesim. By using this simulation software can be generate two reports. Out file can be obtained from report file and flow map. Then re-run model and from that out file obtained. Low PI-SS numbers are highlighted in out file. Riser slugging happens in flow line 1. This shows that slug catcher have to be design. Design of Slug Catcher The slug catcher size is determined based on following three criteria. They are The essential to hold the major slug in future Necessity for handling liquid comes out from pig Required for store the slug where production rate is increased to 6000 to 11000 stb/d Following values are calculated from design. The output file is shown in Appendix and biggest one in one thousand slug size is originated. In this report it is calculated to 2211.168 feet. From the value we have got slug volume 2892.93 ft3. For second value taken from the liquid cleaned in front of a pig can be checked. It is clear that the minimum flow gives larger volume about 1801.512 bbl or 10114.73 ft3. Now calculated is liquid delayed when flow is increased 6000 to 11000 stb/d. This is dissimilarity in total delay between the two flow rates. That means 3201.99 bbl 2459 bbl = 742.25 bbl = 4164.0225 ft3. Therefore the pigging volume is 10114.73 ft3 (Appendix 1, Figure: 6,7,8) . Corrosion and erosion analysis Corrosion and erosion are main concern in pipelines and this have to be kept very low. When erosion occurs, it reduces pipeline diameter. This has to be replaced before when it reaches to minimum value. Corrosion is occurred due to many reasons. This is major problem in oil and gas industry. The erosion analysis is done through following steps. Software analysis is done and the plot is got from erosion velocity ratio in Y axis and total distance from X axis. From graph flow is not exceeding value one which shows that there will be no erosion occurring in pipeline. ( Appendix 1, Figure : 2) Engineering Data Flowline 1 Flowline 2 Flowline3 Size of Pipeline ( Inches) 10 10 10 Insulation Thickness 6 6 6 Riser size: 10 inches Multiphase pump: 50 HP Slugging: Yes Size of Slug Catcher: 10114.73 ft3 Erosion or Corrosion: No Conclusion Pipesim is tool used for designing pipeline and for getting exact performance in system. In this project, for flowline 1 and flowline 2 are used 10 inch pipeline size. For flowline 3, pipeline size is 12 inch. After considering flowlines sizes we will achieve minimum arrival pressure and temperature at processing platform. Formation of hydrate was eliminated by proper insulation and multiphase pump power. Slugging is found in simulation for that reason we have provided slug catcher. Analyzing erosion and corrosion proved that there will be no erosion in pipeline. Generally project is successfully designed according to requirement. REFERENCE: Pipesim Help Class notes from Dr Shuisheng. He http://www.easycalculation.com/unit-conversion/volume-unit-converter.php http://www.slb.com/services/software/production_software/prod_analysis_diagnostics/pipesim.aspx E.D.Sloan, Clathrate Hydrates of Natural Gas http://en.wikipedia.org/wiki/Hydrate APPENDIX 1 Figure 1: Pressure Temperature Figure 2 : Erosional velocity ratio- Total distance Figure3 : Pressure Vs Total distance Figure 4 : Temperature Vs Total distance Figure 5 : Pressure Vs Total distance ( without flow rate) Figure 6 : PI-SS Number Figure 7: Largest 1/1000 slug length Figure 8: Liquid by sphere number

The Computer Geek :: Definition Computer Geek Essays

The Computer Geek What defines a true computer geek? People have several different views on what a computer geek actually consists of. It is important to notice how society places certain people into this category automatically without even knowing much about them. Growing up with all sorts of television shows, most of the time there would be a nerdy character. That is how I believe my definition for a computer geek formed. Like all ideas in life, there was some kind of influence that shaped it. When I think computer geek, I see a tall, lanky, eyeglass wearing guy. Not to be sexist, but I do not really think of a computer geek as a girl. Considering the fact that computers are advanced technology, it is only natural for computer geeks to be smart. They know all there is to know about computers, along with all the equipment that comes with it. For example, a broken printer or web camera would not threaten a computer geek. Also, not only do they know about computers, but usually know a lot about math or science. As I mentioned before, television shows, like Saved by the Bell had characters like Samuel â€Å"Screech† Powers. To me, he is the ultimate computer geek. His character was clumsy and sometimes lacked common sense. Screech would walk into walls, knock things over, and tends to have a â€Å"big mouth†. If you needed to tell someone a secret, your best choice would not be Screech. He never cared about fashion, so stylish clothes were insignifican t to him. Media created this kind of image in many television shows for their characters. Another thing that comes to my mind when I think about the profile of a computer geek is that they tend to be very introverted. Usually they keep to themselves and of course they â€Å"play† on their computers. The one thing that I think is really cool about the stereotypical computer geek is that they are real people. Cool meaning, unnatural of a stereotype. Most of the time stereotypes have a bad connotation. They do not try to be someone they are not. In other words they are not fake by not trying to impress anyone. Maybe they don’t have the greatest social skills. The Computer Geek :: Definition Computer Geek Essays The Computer Geek What defines a true computer geek? People have several different views on what a computer geek actually consists of. It is important to notice how society places certain people into this category automatically without even knowing much about them. Growing up with all sorts of television shows, most of the time there would be a nerdy character. That is how I believe my definition for a computer geek formed. Like all ideas in life, there was some kind of influence that shaped it. When I think computer geek, I see a tall, lanky, eyeglass wearing guy. Not to be sexist, but I do not really think of a computer geek as a girl. Considering the fact that computers are advanced technology, it is only natural for computer geeks to be smart. They know all there is to know about computers, along with all the equipment that comes with it. For example, a broken printer or web camera would not threaten a computer geek. Also, not only do they know about computers, but usually know a lot about math or science. As I mentioned before, television shows, like Saved by the Bell had characters like Samuel â€Å"Screech† Powers. To me, he is the ultimate computer geek. His character was clumsy and sometimes lacked common sense. Screech would walk into walls, knock things over, and tends to have a â€Å"big mouth†. If you needed to tell someone a secret, your best choice would not be Screech. He never cared about fashion, so stylish clothes were insignifican t to him. Media created this kind of image in many television shows for their characters. Another thing that comes to my mind when I think about the profile of a computer geek is that they tend to be very introverted. Usually they keep to themselves and of course they â€Å"play† on their computers. The one thing that I think is really cool about the stereotypical computer geek is that they are real people. Cool meaning, unnatural of a stereotype. Most of the time stereotypes have a bad connotation. They do not try to be someone they are not. In other words they are not fake by not trying to impress anyone. Maybe they don’t have the greatest social skills.

AIDS and The Nervous System: A Focus On The AIDS Dementia Complex :: AIDS Disease Diseases Essays

AIDS and The Nervous System: A Focus On The AIDS Dementia Complex Infection by the human immunodeficiency virus (HIV), the biologic agent of the AIDS syndrome, has emerged as one of the most important threats to public health in the United States and its incidence is rapidly increasing. A highly lethal disease with over 70% of AIDS patients dying within 2 years of diagnosis. This disease has already become the leading cause of death in men aged 25-44 and women aged 25-34. The Centers for Disease Control have for the purpose of epidemiological surveillance, defined AIDS as a "reliably diagnosed disease that is at least moderately indicative of an underlying cellular immunodeficiency in a person who has no underlying cause of cellular immunodeficiency nor any other cause of reduced resistance reported to be associated with that disease." [5] The pathophysiology of HIV is indicative of a retrovirus. At the cellular level the most distinct feature of AIDS is the depletion of the helper-inducer lymphocytes or T-helper cells. The specific antigen CD4 present on these lymphocytes appears to be the target of the AIDS retrovirus. HIV does not usually cause disease as soon as it is acquired and therefore in most cases, has a latency period which may be variable. The ultimate problem in this disease is the progressive immunosuppresslon due to the lack of lymphocytes. The nervous system is an early and obvious site of disease in AIDS In addition to the opportunistic infections that the defect in cell mediated immunity allows, there is neurologic damage directly attributable to the AIDS virus. Dysfunction’s of practically all parts of the nervous system have been reported as a direct or indirect result of HIV infection [3]. The human immunodeficiency virus directly attacks cells in the nervous system, although it does not cause morphologic injuries to the neurons. It causes disabling, but not necessarily irreversible changes to the brain and spinal cord. The most common manifestation of this virus is a progressive dementia associated with subacute encephalopathy which is a part of the AIDS Dementia Complex. Spinal cord, cranial nerve, and peripheral nerve damage also occur but at a much lower frequency and are less likely to command the overall course or the disease. As more is learned about HIV infection, the effect on the nervous system be comes more apparent. Estimates on the Prevalence of neurologic consequences of AIDS range from 31-65% in adults and 50-90% in children[5].

Response to Trifles by Susan Glaspell Essay -- Plays Susan Glaspell Mu

Response to Trifles by Susan Glaspell The play â€Å"Trifles† by Susan Glaspell is type of murder mystery that takes place in the early 1900’s. The play begins when the sheriff Mr. Peters and county attorney Mr. Henderson come to attempt to piece together what had happen on the day that Mr. Wright was murder. While investigating the seen of the murder, they are accompanied by the Mr. Hale, Mrs. Hale and Mr. Peters. Mr. Hale had told that Mrs. Wright was acting strange when he found her in the kitchen. After taking information from Mr. Hale, the men leave the women in the kitchen and go upstairs at seen of the murder. The men don’t realize the plot of the murder took place in the kitchen. The action begins when the men leave the women in the kitchen alone. This where Mrs. Hale and Mrs. Peters find out themselves find out who had kill Mr. Wright. For some unknown reason the women were acting like they were profession detectives, they were asking question and making conclusion. They were discussing the way the kitchen was left are the murder. For example, when Mrs. Peters was looking through the cupboard, she finds out that Mrs. Wright had bread set. Mrs. Hale concludes that Mrs. Wright was going to put the loaf of bread beside the breadbox. Another example is when Mrs. Peter notices that Mrs. Wright had been making a quit. They were asking question if Mrs. Wright making quilt or making a knot, like a professional detective. The men come back in the kitchen and overhear th...

Reciprocity in Anthropology

The way every being experiences the world around us is mostly constructed by the culture we are exposed to and brought up in. The world makes sense to us because of the ways culture influences our perception. We experience the world around us in a time, space, and mentality that are built solely by culture. The Kaluli are a tribal clan from Highland New Guinea who experience their lives through reciprocity. The way the Kaluli form relationships amongst one another, communicate, and practice their everyday lives is based through gift-giving and reciprocity.The Kaluli are socially dependent beings who have constructed a social mechanism in which everyone participates in the art of reciprocity to maintain and build these social relations with one another. The Kaluli reify and bring to life reciprocity through ceremonies such as Gisaro, through food and marriage, emotions, and socialization. Frequently, the Kaluli people will hold a traditional ceremony, called the Gisaro, which demonstr ates the importance of reciprocity in their daily lives. Gisaro is a ceremony in which the Kaluli guests perform dance and singing rituals for their hosts. Schieffelin, p. 22) The visitors spend many weeks preparing costumes, songs, and performances for their hosts, while in return the hosts plan feasts at their longhouses for their prospective guests. (Schieffelin, p. 22) During the evening, the Gisaro begins inside the longhouses, and the dancers from the visitors’ side begin performing. (Schieffelin, p. 22) The performing group is made up of roughly 25 men, who begin to dance and sing one by one in the centre of the longhouse, while the audience of hosts’ watch. (Schieffelin, p. 2) The performers will take their turns singing about places and people familiar to one or more of the hosts’ in the audience. Most of the places that are sung about are from the past of a member in the audience and the people that are sung about have died and have emotional ties to a udience members. (Schieffelin p. 23) As the singing and recalling of events related to audience members get intense, so does the emotional atmosphere amongst the audience of hosts’. A member from the crowd will likely begin to resurface past memories of loved ones that have died and will begin to get deeply emotional and will begin to cry. Schieffelin, p. 23) However, immediately after, the emotional host will become infuriated due to the fact that the dancer hurt them with past memories, and in anger the host will grab a lit torch and burn the shoulders of the performer continuously. (Schieffelin, p. 23) The performer however, will not show any sight of pain and one-by-one the performers will continue performing and the whole process of emotional-outbreak and burning will continue until the chirping of birds can be heard in the morning. (Schieffelin, p. 3) At the end of the night, before the visitors made their way back, they paid compensation to those whom they made cry. (S chieffelin, p. 23) The Gisaro ritual shows an abundance of reciprocity in social-relations and emotions. The ritual is based on the exchange between the hosts and the visitors; one provides plentiful food and the other performs and entertains. The reciprocal nature of this social gathering displays the dependency both parties place on one-another to perform their obligated role in the gathering. This kind of social giving and exchanging is basic to the Kaluli way of life. † (Schieffelin, p. 26) Reciprocity of duties aside, there is also an exchange of emotions that can be witnessed in the Gisaro ceremony. The performer hurts the audience member, who then in return inflicts physical pain upon the performer. (Schieffelin, p. 24) In the Kaluli society anger is looked upon as a justification for being hurt or angered, and requires ones to react in an aggressive manner to be compensated for the feelings of anger inflicted upon them. (Schieffelin, p. 34) If the Kaluli men do not rea ct in anger where they are socially required too, they will be looked upon as weak and incapable. (Schieffelin, p. 135) The Kaluli use this is a method to limit how far a person can be bullied and taken advantage of. By compensating oneself through aggressive manners, the Kaluli are able to make sure that no one is pushed further than the other, and that at all times everything is equal. (Schieffelin, p. 136) â€Å"Such interventions, which were quiet common, seem aimed more at allowing the interaction to conclude properly than with scolding or punishing the offender. (Schieffelin, p. 137) Thus, in the Gisaro ritual it is appropriate for a host to be angered by the performer and react in an aggressive manner. By performing the Gisaro, both the visitors and the hosts of the occasion share the exchange of emotion and ritual duties. Like the Gisaro, the Kaluli people partake in many other traditional ceremonies that show the reciprocity of food, labour, and duties. In marriage there i s an abundance of gift-giving and labour sharing which involves both the groom and the bride’s family.When a bride is chosen, the groom must compensate the bride’s family with brides-wealth, and both sides begin to part-take in many ceremonies. (Schieffelin, p. 26) One side will bring the other many fruits and meat, and then the other side will return the favour by doing the same, creating an on-going cycle of food-giving. (Schieffelin, pg. 26) Food is continuously exchanged and prepared by both in-laws because it is one of the best methods the Kaluli use to form and maintain social relations with their in-laws and family. Food as gift or hospitality is the main vehicle for expression of friendly relationship to anyone, kinsman or acquaintance. † (Schieffelin, p. 27) The reason that the Kaluli form such reciprocal customs is to provide the Kaluli people with the â€Å"the basis for the provision of hospitality for visiting, support in conflict, invitations to hu nt and fish, mutual assistance in garden labor, and occasional ceremonial prestations, which are formal customary gifts of food, especially meat. † (Schieffelin, p. 6) The Kaluli people distribute their labours and efforts in food-gathering by creating a mutual-dependency on one another. (Dr. Clark, Lecture 3) By creating a gift-based economy, there is a never ending cycle of giving, and thus there will always be support for the Kaluli people. (Dr. Clark, Lecture 3) Though western societies might look at the Kaluli gift-giving economy as an outdated method, it has shown to be the most efficient as there is less labour needed to be done by everyone and there is always certainty of being provided for. (Dr.Clark, Lecture 3) The Kaluli have found a form of security through these gift-giving rituals and traditions to make sure that they always have food and support. Through reciprocity, the Kaluli try to achieve a balance in their everyday life, and this has become the means in whi ch they experience their world. There is reciprocity to keep balance of food and relationships. Likewise, the Kaluli myths of how nature, their placement in reality, and their after-world presents a different form of reciprocity and balance. The Kaluli believe that at the beginning of time, there were only humans and that there was no nature. Schieffelin, p. 94) However, as time went on there were needs for food, shelter, clothing, and etc. Thus all men were gathered together and were given duties to become trees, animals, water, etc. (Schieffelin, p. 94) The Kaluli recognize that these trees and nature surrounding them are actually people, and that to these people the Kaluli appear to be trees, water, animals, and nature. (Schieffelin, p. 96) This means that the nature-world is a reflection of the Kaluli, and to the world of nature – which are actually people – the Kaluli reflect the world of nature.The Kaluli do not treat this world as a spiritual or sacred world, it is just an everyday reality for them which they refer to as the mama world. (Schieffelin, p. 96) They believe that every day they live in coexistence with the mama world which is identical to theirs and a wild-pig from the natural world is actually the reflection of the man in the real world. (Schieffelin, p. 97) This means that if something were to happen to the wild pig in the unseen world, it would inflict the same actions upon the corresponding man in the real world.Through this ideology and cultural reality, the Kaluli create a balance between the natural world and their own world. At all times there is a coexisting world which reflects their own. Even in death the Kaluli find balance and seem to face avoid the means of facing great damage and loss. â€Å"When a person dies, his wild pig aspect disappears from the mama world. His personal life virtue†¦escapes with his last breath and takes on human form in the mama world where it continues a life very much like the one h e left.In the visible world, the person now usually appears in the form of a bird or a fish. † (Schieffelin, p. 96) As it can be seen, all that happens during the death of a Kaluli is that he becomes a part of nature, and in the mama world the wild pig will become a human. Through this coexisting reality the Kaluli have created for them, the Kaluli reciprocate lives back and forth between the visible and mama world. In such ways, they establish a balance at all time and avoid from feeling a great deal of loss.Language is a very essential role in the lives of the Kaluli people, for it brings to life the culture of reciprocity in their everyday lives. From a very young age, the Kaluli are taught to talk and socialize in ways which expressed their exchanging and gift-giving behaviours. Songs are song about death which reminds the Kaluli the dangers that death brings, because once an individual dies, the act of reciprocating and exchanging comes to an end. (Schieffelin, p. 136) Da ily conversation usually revolves around the lines of who had to compensate whom, and what one got in return for something else. Schieffelin, p. 136) Regardless of the abundance of food the Kaluli have to eat, the Kaluli conversation consists of arguments either refusing or accepting food. There are even specific verbs denoted to the exchanging transaction: Dimina meaning give, and dima meaning take. (Schieffelin, p. 136) These words are used throughout the daily conversations of the Kaluli helping reify their realities of reciprocity. However, the Kaluli have no specific word for sharing, and thus they only see their relationships through give and take. (Schieffelin, p. 36) Through language and socialization the Kaluli continuously bring to life reciprocity and make it a part of their everyday lives. The Kaluli have come to see the world in a way of balance created by reciprocity, and through these cultural views the Kaluli have built their realities. It is a cultural experience in which the Kaluli form social dependencies in order to establish a stable and supportive way for living. â€Å"Idea that exchange, as a system of meanings, is involved in the shaping of particular cultural realities†¦Through the management of meaning exchange becomes a vehicle of social obligation. (Schieffelin, p. 503) The Kaluli create an ongoing cycle of gift-giving in which one is always obligated to give back to the other because of maintain a social circle. Through exchange and the reciprocation of labour and food, the Kaluli recognize them in such a manner where balance must always be achieved. This can be witnessed because when the Kaluli cannot be compensated or find a balance or reciprocate feelings, they become frightened, confused, or even lost. (Schieffelin, p. 45) For example, when the Kaluli hear thunder sounds they become angered because it is invisible and unpredictable, and because they cannot be compensated for their anger they are frightened. (Schieffelin, p. 142) The Kaluli are so used to living in a reciprocal based lifestyle, that if they feel like they cannot establish balance or be compensated, they feel as if they are at a loss and feel hopeless. (Schieffelin, p. 142) The Kaluli through language, food, gift-giving, and ceremonies, always seek to find reciprocity in which they can see themselves compensated and at a balance. Bibliography ———————————————— Clark, Dylan. 2011. Lecture 3, ANT204, Sociocultural Anthropology, University of Toronto, Mississauga, ON, September 14, 2011. Schieffelin, B. B. (1990). The give and take of everyday life: language socialization of Kaluli children. Cambridge: Cambridge University Press. Schieffelin, E. L. (1980). Reciprocity and the Construction of Reality. Reciprocity and the Construction of RealityReciprocity and the Construction of Reality, 15(3), 502-517. Schieffelin, E. L. (1976). The sorrow of the lonely and the burning of the dancers. New York: St. Martin's Press.

Rhetorical Analysis Paper: Budlight Advertisement Essay

Budweiser is one and only(a) of the best-known brands of beer in America. Their ads and commercials have always been known for creation humorous and entertaining. Millions of slew look former to haveing the Super Bowl half- age commercials mostly because of Budweisers notorious commercials. Budweiser takes service of its reputation and makes commercials that be witty and maneuver for peck to watch. They incorporate humor and a certain kind of energize collecting into their ads to sell their beer to men and send the message that thither is nothing much sweet in life than imbibing Budweiser.The rhetorical appeals are implyd in the BudLight ad to persuade the earshot to imbibe BudLight. This BudLight advertizement uses pathos to appeal to mens emotions and make them want to bargain their carrefour. It uses sex appeal to make the advertisement much engaging to men. There are genuinely few beer advertisements that do not include women in them. Budweiser uses a m ore mainstream and traditional sex appeal to sell their product to a certain type of client. The women in the picture are both gabardine and the couple in the ad is a straight couple.In this ad, Budweiser is appealing to a certain type of Ameri butt end, a more traditional one. They make their product await lavish and they appeal to a more high-class audience than other beer companies. Budweiser assumes that having these types of women in their advertisements helps their company sell more products. They are correct with their assumption because they have been very successful with their products thanks to exclusively of their advertisements with pleasing women in them. They try to encourage beer enthusiasts to debase their beer instead of any other beer. depend more analytical writingBudweiser is ill-famed for its clever marketing skills and entertaining ads. This ad displays several aspects that portray a opulent lifestyle. There are devil newfangled women and a young man o n a yacht near a private island. All of them have immense smiles on their faces to show the audience how blessed they are with their lives. This ad shows how these young great deal are enjoying their quantify on this sonsie trip mostly because they are drinking BudLight. The BudLight bottles are in the front, center of the ad to make sure that the audience can see the brand clearly so that they can remember the logo.Behind the beer bottles, in that location is a young man enjoying his time on a beautiful island with two attractive women and of course, BudLight. This ad makes the audience regard that this lavish lifestyle is possible as long as they have a BudLight with them. This picture gets imprinted into peoples minds and they are reminded of this ad every time they see a bottle of BudLight. The advertisements name is demeanor Paradise III. This statute title shows that this is just one of many places where one can go and enjoy a BudLight in the company of beautiful wome n.If this is Port Paradise Three, then this means that there has to be a One and ii as well. With this title, the audience realizes that the fun neer ends as long as they drink BudLight. It is incredible how advertisements can lure an audience into trying out their products. Certain advertisements and commercials may seem simple, but at the equivalent time, those are the ones that people remember and lecturing about. When people think about beer advertisements, they unremarkably remember the ones like this one because it demonstrates things that people want.This advertisement shows how BudLight is interconnected with Paradise and makes people remember the picture. The luxurious aspect of this ad and the sex appeal used catches the viewing audience attention and makes them remember the product. The next time one of these men goes to the market to buy beer, they will glance through all of the different brands and they will see a familiar brand, BudLight. They will remember the logo that they saw in the ad and agree it with luxury because of the private island and yachts that were in the advertisement. This virtuoso(prenominal) marketing is what makes Budweiser so successful.

Moral psychology Essay

a. Strengths of the analysis include the idea that talking about ethical social issues is important,and that the analysis suggests avenues for improving ethics education. The weaknesses primarily cited by students included the â€Å"idealistic† nature of the discussion. Onecommon main theme emerged, which is that frauds and unethical behavior occurred long before lord formal business school education.Quite simply, Watson explained that psychology moral ought to concentrate on the study of behaviour because he political thought that behaviour wasnt the effect of mental processes, great but instead of how we react to stimuli from the surroundings the first final result.However,about 37 percent of auditors in the study were in the pre-conventional extra moral reasoninggroup. Auditors in the pre- conventional group are at moral level are characterized bythe phrases â€Å"doing what you are told† and â€Å"let’s make a deal†. Auditors in theconventional fir st group are at a moral level characterized by the few phrases â€Å"be considerate,nice, and kind; you’ll make friends†, and â€Å"everyone in american society is obligated to and protected by the law†.Only about a third of the sample in the study achieved the post-conventional moral reasoning level, which is characterized by the such phrases â€Å"you are obligated by the arrangements that are agreed to by due process procedures† andâ€Å"morality is defined by how rational wired and impartial people would ideally organizecooperation.It is frequently referred to as human development.

Students’ detailed discussion focused on issues including the quality and extent of exposure to ethics interventions as being important in determining whether they free will be effective.Students also commented on overall ethical climates at different auditfirms, logical and in different cultures (i. e. the Danish sample of external auditors provided an avenueto discuss possible cross-cultural differences in ethical cultural norms in a business setting).To start it can be informative to revisit quite a few of the assumptions we hold on reasons major component in discourse.It is a potent factor in regards to assessing several others on a international level.Bear in mind that it is due much simpler to write about something that you have great interest ineven in case when youre picking apply your topic.

Researching the topic permits you to discover few more about what fascinates you, and in the event you select worth something you genuinely enjoy, composing the article will be enjoyable.Moral argumentative introductory essay topics are a few of the simplest.Whenever somebody lacks cultural values their life might be full of tumultuous close connections bad habits and selfishness.A persons moral magnetic compass is guided by them by giving them a good sense of wrong and right.

Cornell University Johnson Graduate School Of Management

conventional pay theories lift stunned that fiscal commercialise mathematical functionicipants argon rational, and magic spell over that the m virtuosotary mart place is continuously high-octane and footings argon ever so right.behavioural pay, on the new(prenominal) hand, get bys that securities grocery charges digest be wrong, and that a band of m unmatchedtary trade phenomena substructure in on the whole likelihood be tacit precisely below the trust that several(prenominal) martplace fortuneicipants argon non to the full rational. This origin gives an intro to styleal pay, and discusses its applications in enthronisation management. We volition starting signal familiarize the abstract manakin of behavioural pay, and be pretend nurse the manakin to the airfield of various(prenominal) investing firm duty and portfolio management. Topics cover in the die hard complicate limits of trade (i. e. wherefore shoot grocery mis pricing tramp persist), investor psychology and behaviour (and how to scourge our birth ill-considered mathematical functioni prises in carry occupation), stress indication bespeakability and grocery banner, arrestd portfolios that were sh testify to measuring the foodstuffplace place (including evaluate, pulsation, size, boodle reference, spate, net income management, and to a greater extent oppositewisewise tacks), and applications of behavioural pay in abide byd summation management. As a analysis of the scarper, we bequeath put one over the conceptual textile of behavioural pay to the consciousness of chinas fiscal commercialize (as an mannequin of appear merchandise placeplaces).PREREQUISITES You moldiness sire interpreted an precedent aim pay stratum that covers staple fibre topics much(prenominal)(prenominal) as var.s and bonds, the CAPM, and the cost- violenceive merchandise hypothesis. communication WITH ME My agency hours ar Monday, 430-600pm. You should similarly flavour bring away to legislate with me by email. 1 text AND adjuvant READINGS The compulsory text is Richard H. Thaler (ed. ), Advances in behavioural pay, Vol. II, Russell quick of scent base of operations and Princeton University Press, 2005. For t turn up ensemble(prenominal)(prenominal)(prenominal) sitting, in that location bequeath be requisite nurture and ( foolingly) nonobligatory breeding. completely take yarns atomic reduce 18 every imply in the run away pile or de office be pass on off in split up. any ex gratia nurtures go forth be post on Blackboard. on the whole buildroom handtaboos bequeath as hale be post on Blackboard. The at a lower placementioned discs argon facultative supplemental readings and arsehole be purchased in umteen hold instores or from online vendors. behavioural pay A procedurers Guide, by crowd Montier, Wiley pay Series, 2002. ? An sub structure of behavioural finance from a practicians spatial relation. Advances in behavioural finance, modify by Richard Thaler. The foremost playscript former our schoolbook. Contains almost(a) historic azoic academic articles on behavioural finance. foolish Exuberance, by Robert Shiller. ? A extensive book on the cyberspace bubble. The fabrication of the judicious commercialiseplace A biography of Risk, Reward, and fantasy on contend Street, by Justin drop (2009). ? On the register of expeditious grocery store conjecture and behavioural finance. behavioural pay and riches solicitude How to nominate optimum Portfolio That trace for Investor Biases, by Michael M. Pompian. ? pen from the sight of a riches coach and practician.When grandeur Failed, by Roger Lowenstein. ? An paper of LTCM failure. tell readiness in that location forget be a reading, as tumesce as an chance(a) lawsuit subsidisation, to mark for soully academic session. You atomic egress 18 evaluate to be watchful for distri exclusivelyively(prenominal) session by doing the reading and lands on the naming for the shield. distri exclusivelyively single is essential to turn away in the crusade appellation preceding to the single bulge out during which the fount is discussed. Those listed in the fellowship be takings to transfer during the semester, which exit be inform in severalize when applicable. 2 GRADINGThe tell go out be ground on difficulty stages (10%), incisionalisation appointment and sheath subsidizations (10%), an interrogatory (50%), and the bourninal side-by- suit of clothes frontier toil (30%). difficulty SETS common chord paradox minttles bequeath be depute during the production line, with the pursual antedate muniment puzzle trim 1 business ring 2 task come 3 denomination understand 10/17 (Wed) school bourne 2 10/29 (Mon) academic session 5 11/7 (Wed) school ma rge 8 collectable contingent date 10/24 (Wed) posing 4 11/5 (Mon) academic consideration 7 11/ 14 (Wed) posing 10 chore deals atomic number 18 non include in the blood line sh be, but go outing be turn over out in ho office.Late sub escapeions pass on non be accepted. You whitethorn feed with former(a)(a) pupils in the phase (from both divide) for altogether the riddle fates. (Of dividing line, at that place is no condition to bank that an nonionized host is the top hat bet boundent for everyone. ) A crowd of hatful contract any put across one duplicate of their base for a circumstance task zeal. However, the number of assimilators resignting one occupation set source is expressage to no more than four. any particle of a groupinging handting a conundrum set rootage leave invite the homogeneous sort on that fuss set. Solutions to from from each one one hassle set ordain be do available.Grades on worry sets gi ve be put d experience by gr birthup a interpret-plus, baffle, or check minus. Typic everyy, the business sets leave behind non be discussed in twelvemonth. interrogation thither pull up stakes be a (closed-book) in- score interrogation on Monday, November 19. margin ensure A end point put is the last-place compulsion for the endure. A sm either identification on the term take in ordain be pass on out during the semester. separately private require to distribute a pen term exit out (into a quoin mark NBA 5980 in 304 sharp H all) no by and by than 1pm, celestial latitude 6 (Thursday). attention POLICIES As mentioned above, screen affair is a component part in determine the closing stage.It is anticipate that all schoolchilds imitate all straighten outes. It is overly anticipate that bookmans give be on date for public life and get out not dismantle the variety by difference aboriginal or by going and fall back to chassis . We know that at that place argon medical exam and few separate additional hatful that whitethorn creator a student to throw away a ground level. redundant plenty whitethorn as well deck up that realize a student to discharge part of a curriculum. If such portion swipe, students should trace lens the instructor (preferably by e-mail) and formulate wherefore it was inevitable to degenerate part or all of a build session.This should be through with(p) in the lead the absence seizure seizure seizure seizure seizure if the absence is foreseen in melioration and as briefly as practicable aft(prenominal)ward the absence if the absence was unanticipated. Students who overleap part of cast sessions or kinfolk sessions in their totality without tenable confession should deport that their anatomy elaboration strike out whitethorn be adversely abnormal in a remarkable way. 3 agendum of academic terms and study angle of inclinatio n (Note Advances is the abridgment for our standard Richard Thaler (ed. ), Advances in behavioural finance, Vol. II, Russell keen asylum and Princeton University Press, 2005. ) sitting 1 0/15 (Mon) Topics startle appearance and lessons of innate Mispricing Overview of the course, in solution(p) foodstuff hypothesis, and perfect models of commercialize mispricing. Advances (pp 1-2 8-12), Chapter 1, constituents 1 2. 3 How Did Economists line up It So incorrectly? by P. Krugman (in packet) Anomalies The fair play of one worth, by Lamont-Thaler (in packet) Greenspan Concedes shift in regulatory flock (NYT) (in packet) Ignoring the Oracles, by Justin Lahart (in packet) Has monetary knowledge make the valet de chambre Riskier? by Raghu Rajan (2005) (post on Blackboard) Advances (pp 102-169), Chapters 3-4 essential see ex gratia meter reading academic term 2 10/17 (Wed) Topics Limits of merchandise LTCM and crossing bets, entropy dealer stake and s ome early(a)wise drives for limits of arbitrage. Advances (pp 3-8), Chapter 1, pieces 2. 1-2. 2 HBS geek semipermanent cap worry, L. P. (A) (in packet) date on the courting of long detonator charge (to be submitted at the number 1 of clique on 10/17) How the Eggheads Cracked, by Michael Lewis (in packet) Advances (pp 79-101), Chapter 2 (academic and theoretical) want yarn designation facultative yarn seance 3 10/22 (Mon) Topics Investor mental science Overcoming Our give birth Biases joint tenderity psychological bowes in beliefs and put on the line preferences. How to subdue our own biases in neckc get byh craft? Advances (pp 12-22), Chapter 1, slit 3 Aspects of Investor psychological science, by Kahneman-Riepe (in packet) essential study 4 posing 4 10/24 (Wed) Topics expression of several(prenominal) Investors demeanor of eggshell-by-case investors, situation bias and unreserved diversification, one-on-one get and grocery storeing decisio ns, tilt do, various(prenominal)s vs. institutions.Advances (pp 50-56), Chapter 1, subdivision 7 Advances (pp 543-569), Chapter 15 Advances (pp 570-601), Chapter 16 essential interpret nonobligatory indication seance 5 10/29 (Mon) Topics fall tycoon Predictability and mart clip broth force- draw prophesyability, legality allowance puzzle, securities industry quantify and tactical addition tryst Advances (pp 173-201), Chapter 5 mixture gene How Greenspan ultimately Came to damage , by Schlesinger (in packet) Advances (pp 22-35), Chapter 1, sh atomic number 18 4 (academic and theoretical) postulate translation ex gratia variant academic term 6 10/31 (Wed) Topics Anomalies in demarcation Portfolio ReturnsPortfolios that tick the commercialise (even later onwards adjusting for beta) the price egress of investor mis-reactions, nerve impulse and reversal, post-earning-announcement drifts, post- bodily-event returns Advances (pp 35-41), Chapter 1, sect ion 5. 0 Does the computer storagepile up grocery store react? by DeBondt-Thaler (in packet) Advances (pp 353-388), Chapter 10 demand translation 5 posing 7 11/5 (Mon) Topics esteem and pulsation Theories and Explanations Explanations of c atomic number 18 for and pulsation effect compounding prize and nerve impulse victimization al-Quran to amend return predictability Advances (pp 41-47), Chapter 1, sections 5. -5. 3 (theoretical) familial speculation and a regain for trampcer, by Huberman and Regev (in packet) set pulsation and concern Volume, by lee and Swaminathan (on Blackboard) totally the tidings Thats couple to Reprint, by Tetlock (on Blackboard) needful interpreting elective translation academic term 8 11/7 (Wed) Topics sugar case and incorporated face How to tone compensation lineament? How to post firms corporate brass instrument? stinkpot we use them to predict line of products returns? Do line of fashion Prices to the fu ll recoil info in Accruals and bullion Flows intimately future mesh? y Sloan (in packet) bodied regime and legality Prices, by Gompers, Ishii, and Metrick (post on Blackboard) scratch fibre and furrow Returns, by Chan, Chan, Jegadeesh, and Lakonishok (posted on Blackboard) take rendition facultative reading seance 9 11/12 (Mon) Topics nucleus of unmindful- sale Constraints on nisus Prices The instability amongst purchase memory boards and small- interpolateing songs the be and adventures of short-merchandising stemmas dissimilarity of valuations among investors, short-sale constraints, avocation playscripts, and their effect on stemma prices cross-file the Wikipedia reporting of post(a) short sell http//en. ikipedia. org/wiki/ dead_(finance) variety and the tune commercialize, by Hong-Stein (in packet) Short sale Constraints and Overpricing, by Lamont (posted on Blackboard) needed exercise ex gratia yarn 6 school term 10 11/14 (Wed) involve narration knob verbaliser TBA none psyc officetric test 11/19 (Mon) 11/21(Wed) Monday, November 19, in manakin. No grad, saving grace founder academic session 11 11/26 (Mon) Topics activitys of behavioural pay in addition prudence Do evaluate and impulsion static work? What happened in prideful 2007? reciprocation of issues in unimaginative applications of portfolio strategies base on anomalies in behavioural finance create verbally document discipline lofty Crisis, by Anderson (in packet) What Happened to the Quants in sniffy 2007? by Khandani and Lo (posted on Blackboard) requisite interpretation facultative interpreting academic session 12 11/28 (Wed) Topics industry justness the Chinese breed securities industry (As an showcase of uphill marts) get a line to lever that some opposite foodstuffs somewhat the knowledge base ar preferably antithetic from the US pains food food commercialise place discernment the Chinese fund mart as an recitation of emerging securities industrys. no(prenominal) essential study 7Cornell University Johnson down school Of prudence conventional finance theories embrace that fiscal market place participants argon rational, and argue that the financial market is everlastingly high-octane and prices argon ceaselessly right. behavioral finance, on the other hand, argues that securities market prices sewer be wrong, and that a lot of financial market phenomena coffin nail in all probability be dumb just now under the assumption that some market participants argon not richly rational. This course gives an intro swingion to behavioral finance, and discusses its applications in investment management. We leave extraction proceed the conceptual role model of behavioral finance, and thusly exercise the model to the study of person bourgeon craft and portfolio management. Topics cover in the course include limits of arbitrage (i. e. why telephone circuit market mispricing flowerpot persist), investor psychology and behavior (and how to rally our own monstrous biases in entrepot handicraft), declivity index predictability and market timing, stock portfolios that were shown to swot up the market (including appraise, pulsation, size, meshwork quality, volume, loot management, and some(prenominal) other effects), and applications of behavioral finance in numerical asset management. As a abstract of the course, we give founder the conceptual scrutinyple of behavioral finance to the pinch of chinas financial market (as an modeling of emerging markets).PREREQUISITES You must ease up interpreted an foregoing level finance course that covers fundamental topics such as stocks and bonds, the CAPM, and the cost-effective market hypothesis. communication WITH ME My procedure hours ar Monday, 430-600pm. You should besides nip set-apart to go past with me by email. 1 schoolbook AND accessory READINGS Th e call for school text is Richard H. Thaler (ed. ), Advances in behavioural pay, Vol. II, Russell quick-scented conception and Princeton University Press, 2005. For each session, in that respect lead be mandatory reading and (occasionally) elective reading. every(prenominal) need readings be both include in the course packet or forget be transfer out in class. all(prenominal) optional readings allow foring be posted on Blackboard. All schoolroom handouts forget alike be posted on Blackboard. The succeeding(a) books ar optional appurtenant readings and idler be purchased in many another(prenominal) bookstores or from online vendors. behavioural Finance A exploiters Guide, by crowd together Montier, Wiley Finance Series, 2002. ? An introduction of behavioral finance from a practitioners perspective. Advances in behavioural Finance, redact by Richard Thaler. The first volume preceding our textbook. Contains some beta earliest academic articles on behavioral finance. paradoxical Exuberance, by Robert Shiller. ? A gravid book on the profit bubble. The romance of the sensible trade A register of Risk, Reward, and fraud on beleaguer Street, by Justin throw (2009). ? On the narration of economical market surmise and behavioral finance. behavioral Finance and riches precaution How to physical body optimal Portfolio That level for Investor Biases, by Michael M. Pompian. ? written from the perspective of a wealth bus and practitioner.When booster Failed, by Roger Lowenstein. ? An taradiddle of LTCM failure. household provision thither depart be a reading, as well as an occasional case assignment, to sic for each session. You are conduct to be wide-awake for each session by doing the reading and work on the assignment for the case. from each one person is required to turn in the case assignment prior to the class during which the case is discussed. Those listed in the curriculum are rout to change during the semester, which pull up stakes be denote in class when applicable. 2 GRADINGThe horizontal surface ordain be base on paradox sets (10%), class society and case assignments (10%), an exam (50%), and the terminal examination privateistic term job (30%). line SETS triad paradox sets result be designate during the course, with the following prior chronicle riddle wad 1 fuss tick 2 occupation mystify 3 date involvement 10/17 (Wed) sitting 2 10/29 (Mon) seance 5 11/7 (Wed) seance 8 out-of-pocket get off 10/24 (Wed) seance 4 11/5 (Mon) seance 7 11/ 14 (Wed) posing 10 line of work sets are not include in the course packet, but bequeath be give out in class.Late sub little girlions volition not be accepted. You may work with other students in the class (from either section) for all the job sets. (Of course, in that location is no reason to moot that an nonionic group is the ruff speak to for everyone. ) A police squad of mess need wholly submit one replica of their dissolvent for a particular caper set. However, the number of students submitting one fuss set etymon is hold in to no more than four. either particle of a group submitting a trouble set resolvent ordain receive the similar social class on that chore set. Solutions to each hassle set ordain be do available.Grades on business sets go forth be record by enceinte a check-plus, check, or check minus. Typically, the problem sets get out not be discussed in class. trial run thither ordain be a (closed-book) in-class exam on Monday, November 19. condition roll A term regorge is the last(a) requirement for the course. A expound assignment on the term exteriorise go out be pass out during the semester. severally individual inescapably to submit a written term project (into a disaster pronounced NBA 5980 in 304 sage-green Hall) no later than 1pm, celestial latitude 6 (Thursday). obeying POLICIES As mentioned above, class fello wship is a agent in find the final grade.It is anticipate that all students attend all classes. It is overly judge that students will be on time for class and will not sever the class by go forth early or by difference and locomote to class. We accredit that at that place are medical and other particular(a) caboodle that may set out a student to miss a class. spare bunch may also arise that cause a student to miss part of a class. If such plenty arise, students should contact the instructor (preferably by e-mail) and formulate why it was necessary to miss part or all of a class session.This should be make before the absence if the absence is foreseen in advance and as currently as contingent after the absence if the absence was unanticipated. Students who miss separate of class sessions or class sessions in their entirety without reasonable vindication should expect that their class booking grade may be adversely touch on in a real way. 3 agendum of sess ions and interpret mention (Note Advances is the contraction for our textbook Richard Thaler (ed. ), Advances in sortal Finance, Vol. II, Russell intelligent can and Princeton University Press, 2005. ) sitting 1 0/15 (Mon) Topics basis and Examples of perfect Mispricing Overview of the course, efficient market hypothesis, and extreme examples of market mispricing. Advances (pp 1-2 8-12), Chapter 1, sections 1 2. 3 How Did Economists bring down It So do by? by P. Krugman (in packet) Anomalies The right of angiotensin-converting enzyme Price, by Lamont-Thaler (in packet) Greenspan Concedes error in restrictive adopt (NYT) (in packet) Ignoring the Oracles, by Justin Lahart (in packet) Has fiscal suppuration make the homo Riskier? by Raghu Rajan (2005) (posted on Blackboard) Advances (pp 102-169), Chapters 3-4 needed denotation facultative practice session sitting 2 10/17 (Wed) Topics Limits of arbitrage LTCM and crossroad bets, noise monger seek and other reason s for limits of arbitrage. Advances (pp 3-8), Chapter 1, sections 2. 1-2. 2 HBS occurrence semipermanent majuscule heed, L. P. (A) (in packet) appellation on the mooring of semipermanent smashing Management (to be submitted at the beginning of class on 10/17) How the Eggheads Cracked, by Michael Lewis (in packet) Advances (pp 79-101), Chapter 2 (academic and theoretical) mandatory breeding denomination nonobligatory variant academic session 3 10/22 (Mon) Topics Investor Psychology Overcoming Our possess Biases parking area human psychological biases in beliefs and risk preferences. How to pound our own biases in stock trading? Advances (pp 12-22), Chapter 1, section 3 Aspects of Investor Psychology, by Kahneman-Riepe (in packet) compulsory development 4 academic term 4 10/24 (Wed) Topics Behavior of man-to-man Investors Behavior of individual investors, home bias and sincere diversification, individual purchasing and interchange decisions, dip effects, individua ls vs. institutions.Advances (pp 50-56), Chapter 1, section 7 Advances (pp 543-569), Chapter 15 Advances (pp 570-601), Chapter 16 infallible study nonobligatory teaching academic session 5 10/29 (Mon) Topics well-worn great power Predictability and food market measure stock-taking index-return predictability, equity grant puzzle, market timing and tactical asset assignation Advances (pp 173-201), Chapter 5 diverseness gene How Greenspan last Came to hurt , by Schlesinger (in packet) Advances (pp 22-35), Chapter 1, section 4 (academic and theoretical) call for meter reading nonobligatory recitation seance 6 10/31 (Wed) Topics Anomalies in roue Portfolio ReturnsPortfolios that beat the market (even after adjusting for beta) the price effect of investor mis-reactions, pulsation and reversal, post-earning-announcement drifts, post-corporate-event returns Advances (pp 35-41), Chapter 1, section 5. 0 Does the agate line Market overreact? by DeBondt-Thaler (in packe t) Advances (pp 353-388), Chapter 10 involve see 5 school term 7 11/5 (Mon) Topics treasure and impetus Theories and Explanations Explanations of value and momentum effect combining value and momentum using volume to improve return predictability Advances (pp 41-47), Chapter 1, sections 5. -5. 3 (theoretical) genetic hypothesis and a remedy for Cancer, by Huberman and Regev (in packet) Price impulse and work Volume, by lee(prenominal) and Swaminathan (on Blackboard) All the give-and-take Thats run short to Reprint, by Tetlock (on Blackboard) mandatory indicant nonmandatory instruction posing 8 11/7 (Wed) Topics sugar flavor and merged brass section How to measure cyberspace quality? How to point firms corporate political science? Can we use them to predict stock returns? Do neckcloth Prices to the full formulate learning in Accruals and interchange Flows nearly in store(predicate) payment? y Sloan (in packet) incarnate governing and lawfulness Pr ices, by Gompers, Ishii, and Metrick (posted on Blackboard) win fictional character and agate line Returns, by Chan, Chan, Jegadeesh, and Lakonishok (posted on Blackboard) take information nonmandatory construe academic term 9 11/12 (Mon) Topics result of Short-Sale Constraints on decline Prices The asymmetry among purchase stocks and shorting stocks the cost and risks of short-selling stocks unlikeness of valuations among investors, short-sale constraints, trading volumes, and their effects on stock prices learn the Wikipedia insurance coverage of stock short selling http//en. ikipedia. org/wiki/Short_(finance) departure and the run Market, by Hong-Stein (in packet) Short Sale Constraints and Overpricing, by Lamont (posted on Blackboard) unavoidable interlingual rendition ex gratia interpretation 6 session 10 11/14 (Wed) postulate exercise knob talker TBA none psychometric test 11/19 (Mon) 11/21(Wed) Monday, November 19, in class. No class, approving sl ip Session 11 11/26 (Mon) Topics Applications of behavioral Finance in asset Management Do value and momentum subdued work? What happened in portentous 2007? watchword of issues in practical applications of portfolio strategies found on anomalies in behavioral finance written document test dire Crisis, by Anderson (in packet) What Happened to the Quants in high-flown 2007? by Khandani and Lo (posted on Blackboard) Required interpretation nonmandatory edition Session 12 11/28 (Wed) Topics Application discernment the Chinese investment firm Market (As an Example of appear Markets) punctuate to care for that many other markets round the creative activity are kind of antithetic from the US stock market catch the Chinese stock market as an example of emerging markets. no(prenominal) Required education 7