Human Memory a Passive Mechanism or Dynamic System Essay

Memory is a capacity that humans rely upon to relate to different events, experiences, conditions, and people. It is a vitally important process and system whereby the brain receives information from (external or internal) stimuli, stores it (encoding), and makes it available on a future occasion (retrieval). It provides continuity to people’s experiences across different periods of time. Research is increasingly concluding that the brain works as an integrated whole rather than a series of discrete parts. In forming memory the brain passes information along the Papez circuit which involves a number of regions of the brain. Brain research indicates that memory formation produces physical changes to the way neurons are organized and†¦show more content†¦(Gross et al.2000:16)Their research could however be said to support Atkinson and Shiffrin’s (1968: Ibid) theory of a separate store storage facility for STM and LTM. Craik and Lockhart (1972: Ibid) examined how information is encoded once registered and proposed the levels of processing theory, which focuses on the depth to which data is processed as a means of improving retention. According to this theory encoding is carried out by a central processor which can analyze stimulus on a shallow level, an intermediate acoustic level which phonemic or phonetic in nature, and a deep semantic level, where the meaning is analyzed. Craik and Tulving (1975, as cited in Gross et al. 2000:18) conducted an experiment whereby participants were presented with a list of words and subsequently asked questions which required them to process the data, shallowly, phonemically an semantically. There was a significant better recognition of the word that had been processed semantically. While the LOP theory was the first to propose that perception, attention and memory are all interrelated processes. It doesn’t however explain why semantic processing produces better recall, or definitively measure the so called ‘depth’ of participants retention score. Further examples of the significance of semantic processing and prior learning can be seen in the work of De Groot (1966; as cited in Gross et al; 2000:15). De Groot (1966: Ibid)Show MoreRelatedMemory Isa Constructive and Dynmaic System Rather Thana Passive Mechanism for Recording External Information. Evaluate This Claim, Making Reference to Research Findings1669 Words   |  7 PagesMemory is a constructive and dynamic system rather than a passive mechanism for recording external information. Evaluate this claim, making reference to research findings. In order to evaluate this claim it is necessary to look at some of the research that has been carried out on memory. Most of the relevant research findings support the theory that memory is indeed a constructive and dynamic system but how much of what we store in our memory is down to active and conscious energy and how muchRead MorePerception, Sensation1751 Words   |  8 Pagesis more than just a sensation† Introduction Sensation is the passive process of bringing information from the outside world into the body and brain. Perception is the active process of selecting, organising and interpreting the information brought to the brain by the senses. Sensation and perception are two distinct processes, which collaborate to help us make sense of our environment. Perception requires physiological mechanisms and psychological components, these combine to help us understandRead MoreNon Rem Sleep Enhances Memory Consolidation2824 Words   |  12 PagesEnhances Declarative Memory Consolidation in a Dose-Response Manner in Diurnal Sleep Episodes Rachel Cox PSYC*4470 11/22/14 0763535 Abstract Both nocturnal and diurnal sleep enhances memory consolidation. Rapid eye movement (REM) sleep enhances procedural memory traces, whereas non-REM (NREM) sleep, particularly slow wave sleep (SWS), enhances declarative memory aspects. It is speculated whether an increase in time spent in the NREM stage would provide additional memory benefits. The goal ofRead MoreSecure Protocols For Wsn : A Comparative Study Of Protocols4201 Words   |  17 Pagesrrustagi@usc.edu , University of Southern California, 2015 Abstract: Security plays a crucial role in Wireless Sensor Networks (WSN). Conventional security protocols and cipher algorithms cannot be applied to these networks due to the limitations of memory, energy and computation power. WSN has application in various fields like military, heath care, environmental monitoring and many more, and thus maintaining the confidentiality and integrity of the data communicated through these nodes is importantRead MorePsychoanalytic Theory2165 Words   |  9 PagesSigmund Freud Although he was born in the Czech Republic in 1856 and died in London in 1939, Sigmund Freud spent nearly 80 years of his life in Vienna. A physician who never intended to practice general medicine, Freud was intensely curious about human nature, and in his practice of psychiatry he was perhaps more interested in learning about the unconscious motives of his patients than in curing neuroses. Early in his professional career, Freud believed that hysteria was a result of being seducedRead MoreSigmund Freuds Psycho Dynamics and Piagets Cognitive Approaches to Psychology2190 Words   |  9 Pagestheories of Sigmund Freuds psycho dynamic approach as an explanation of human behaviour. In the evaluation summarise and evaluate the cognitive perspective as an alternative explanation of human behaviour. This essay is going to describe in depth and detail the theories of Sigmund Freuds psycho dynamic approach. The strengths and weakness as an evaluation of Sigmund Freuds work. A summary and evaluation of the cognitive perspective as an alternative of human behaviour will also be identifiedRead MoreEssay about Freud’s Psychoanalytic Theory2091 Words   |  9 PagesFreud   Ã‚  Ã‚  Ã‚  Ã‚  Although he was born in the Czech Republic in 1856 and died in London in 1939, Sigmund Freud spent nearly 80 years of his life in Vienna. A physician who never intended to practice general medicine, Freud was intensely curious about human nature, and in his practice of psychiatry he was perhaps more interested in learning about the unconscious motives of his patients than in curing neuroses. Early in his professional career, Freud believed that hysteria was a result of being seducedRead MoreCounselling Psychology (Description and Evaluation of the Psychoanalytic Theories of Counselling and Techniques Using the)4628 Words   |  19 Pagesconsidered to be the historical foundation of therapy. It describes the â€Å"mechanisms of ego defence which serve to protect the individual against external and internal threat† it also offers a distinctive way of thinking about the human mind and how it responds to psychological distress (p. 251). This theory has evolve d into a complex, multifaceted and internally fractured body of knowledge situated at the interface between the human and natural sciences, clinical and counselling practice and academicRead MoreFamily Tradition and Theories4437 Words   |  18 Pagesbreakfast speaks a thousand words. Family Systems Theory Family systems theory is a theory presented by Dr. Murray Bowen tat proposes that people cant be seen in disconnection from each other, but instead as a part of their family, as the family is a passionate or emotional unit. Families are frameworks of interconnected and related people, none of whom can be understood in segregation from the framework or system (Galvin, 2006). Family systems theory attracts on frameworks intuition to viewRead MoreApplications of Smart Dust3970 Words   |  16 PagesApplications of smart dust include tracking enemy movements in military operations, battlefield surveillance, transportation monitoring, factory, instrumentations, climatic control, environmental monitoring, building safety and automation, security systems etc. In this research I want to focus on the architecture and working of Smart Dust, future trends, various applications of smart dust technology, and some of the issues in Smart Dust. Introduction The current technologies are focusing

Chief Manager For A Company - 1091 Words

Company Background We interview the site general manager for a company called Bombardier Transportation. His name is Jeff Gaffney. His official company title is MARC Operations General Manager. Bombardier Transportation is one of two subsidiaries of the company. The other half is Bombardier Aerospace. The parent company is called Bombardier Inc. Bombardier Inc. is headquartered in Montreal Canada. Jeff Gaffney is only involved in the transportation division of the company which is headquartered in Berlin Germany. Bombardier is the leading manufacturer of trains and the third leading manufacturer of planes. The company as a whole has roughly about 72,000 employees with a revenue averaging around $16.8 billion. These numbers are statistics split between the two divisions of the company. As stated before Mr. Gaffney is involved in the transportation division of the company so that is what the interview was primarily about. Mr. Gaffney was born in Canada and has been with Bombardier for 20 years. He has worked his way up from maintenance in the shops up in Canada to moving to Maryland and obtaining his position as GM for the Maryland site. Bombardier Transportation or BT has a predominant stay in Europe with at least 5-6 sites in the US. BT has sites in Miami, Orlando, LA (2 sites), New York and Maryland among others. The Maryland site has a contract with MTA to run the service and maintenance for the MARC train lines. They run the Camden and Brunswick train lines but not theShow MoreRelatedThe Role Of Chief Role Of Chief Financial Officer952 Words   |  4 PagesDue to this extreme growth, and the need for centralized decision making, most of GC3 staff will reside at the company’s headquarters, aside from store managers and administrative staff. With the continued growth, it is important to develop a corporate structure. The three forerunners of GC3 are Tony, Bruce and Bonnie. Tony has taken the role of Chief Financial Officer. To be successful, Tony will need to build a team to meet the demands of the entire organization. Since Tony works at headquartersRead MoreA Stakeholder Management Model For Ethical Decision Making856 Words   |  4 PagesIt is important for a business to balance all the different stakeholders that a company might have. Some stakeholders might have different priorities than others. For example, some shareholders expect the business to give them only money while others stakeholders need good working conditions. Also, investors might wish to see proof that the company responds to environmental matters before promising money to a business. In addition, problems might happen when stakeholders compromise to the expectationRead MoreCompensation and Benefits Plan Analysis1373 Words   |  5 Pagesdetermines companies to focus on developing strategies intended to improve their position on the market. This objective is reached with the help of employees and their performance. In other words, it is important to improve employees performance in order to benefit from an improved position o the market of these companies. The performance improvements are significantly influenced by the motivational strategies developed by these companies. The motivational strategies developed by most companies referRead MoreTop Three Levels Of Management Essay1585 Words   |  7 Pagescorporate-departmental-supervisory, and executive-tactical-organizational and some. Whichever naming convention one prefers, the basic roles and responsibilities are the same; top level managers focus on the organization as a whole; middle level managers focus on specific business units, product lines or departments; low level managers focus on an office, installation, or facility, and have the most direct interaction with front-line employees. 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The company operations generate revenue or put points on the scoreboard. The companies’ financial stability maintains theirRead MoreEngineering Inspection Insurance Company (Eiic)1204 Words   |  5 PagesIntroduction Engineering Inspection amp; Insurance Company (EIIC) was founded in 1952 by Warren Rodman. Before 1990, they was a small but highly successful company that offers machinery and insurance services. After years of above average growth and profits, they are moving backward from the industry average, policy delivery times are excessive and morale is low. They need to change their current strategy as it is no longer effective. The issues they are facing is not only internal but also face

Sizes of the areas also differ Free Essays

One of the few places on earth that has continued to fascinate people for centuries is the Bermuda Triangle. The Devil’s Triangle Vincent Gaddis, credited with putting the triangle â€Å"on the map† in a 1964 Argosy feature, described the triangle as extending from Florida to Bermuda, southwest to Puerto Rico and back to Florida through the Bahamas; while another author puts the apexes of the triangle somewhere in Virginia, on the western coast of Bermuda and around Cuba, Dominican Republic and Puerto Rico (Rosenberg, 1974). Sizes of the areas also differ, with descriptions ranging from 500,000 to 1. We will write a custom essay sample on Sizes of the areas also differ or any similar topic only for you Order Now 5 million square miles. The geography of the area is perplexing. The humid subtropical climate of the region brings it an annual heavy rainfall in excess of 60 inches (152 cm). Dangerous hurricanes and harsh thunderstorms occasionally drop 10 inches of rain within hours. The floor area of the region has also not been totally mapped out because it varies greatly in depth. The Florida coastline is shallow but farther off, the ground just sink to depths of thousands of feet. About 100 miles north of Puerto Rico is the deepest part of the Atlantic, the Puerto Rico Trench, estimated at 30,000 feet deep while the Florida Straits within this area are approximately 5000 feet deep (â€Å"Bermuda Triangle†). Mysteries in the Bermuda Christopher Columbus – in his journals, he recounts a bizarre experience when his ship ran into the Sargasso Sea. He could see no land in sight for miles and his compass acted strangely. He saw a big meteoric ball fall from the sky before Columbus and his crew saw dancing lights in the horizon. They wandered about in the Carribbean for over a week yet before finally sighting land (â€Å"Bermuda Triangle†). 1974 – Charles Berlitz wrote the book, The Bermuda Triangle. It sold more than 18 million copies and translated into 30 languages. The publication was followed by a documentary by Richard Winer (Hagen, 2004). The more popular incidents include the following (â€Å"Startling New Secrets†): ? March 6, 1918, the USS Cyclops, a huge collier used to carry coal to facilitate US Navy operations during World War I, with a crew of 306, disappeared en route from Barbados to Virginia. ? January 30, 1921, a cargo schooner, the Carroll Deering, was found adrift at Diamond Shoals near North Carolina without a sign of its crew. ? December 5, 1945, five US Navy bombers on a training exercise became disoriented and then disappeared. Search-and-rescue (SAR) operations were unsuccessful, and one of the SAR vessels, a Mariner aircraft, also vanished. ? January 30, 1948, the Star Tiger, a four-engined Tudor IV with 31 people on board vanished on a flight to Bermuda from the Azores. ? January 17, 1949, the Star Ariel, another Tudor IV would vanish on the same region with 19 passengers on board. ? October 30, 1954, Flight 441, a U. S. Navy R7V-1 (the military version of a Lockheed Super Constellation) crewed by 42 sailors, disappeared between Patuxent River NAS and Lajes, Azores ? February 3, 1963, the SS Marine Sulphur Queen, vanished en route to Virginia from Texas with a crew of 39, shortly after it radioed its position near Key West, Florida. Three days after, a lifeboat from the tanker was found by Coast Guard searchers but no bodies or wreckage was recovered. ? December 22, 1967. A cabin cruiser with the ironic name of Witchcraft disappeared off the Miami coast. These coincidences only fascinated the people even more. Theories Behind the Mysteries Countless theories have been proposed to explain the numerous disappearances that occur in this area (â€Å"The Bermuda Triangle†). ? The Bermuda Triangle is one of the two places on earth that a magnetic ompass point towards true north, a variation of as much as 20 degrees toward the magnetic north. The navigator who does not realize this would find himself in deep trouble. ? The character of the Gulf Stream flowing through the area is swift and turbulent and can quickly erase any evidence of a disaster. ? Dr. Ben Clennell of Leeds University in England theorizes that the high concentration of methane hydrates below the seabed oftentimes escape during events of landslides making any ship floating above sink. ? The Triangle is a portal to another dimension and it opens at certain time intervals How to cite Sizes of the areas also differ, Papers

Medical Nursing Relieve Moderation

Question: Describe about the Medical Nursing for Relieve Moderation. Answer: Endone is a narcotic painkiller that is used to relieve moderate or severe pain such as after surgery or injury. The name is actually the brand nomenclature for a medicine containing the active ingredient oxycodone hydrochloride. Endone belongs to the Schedule 8 Drugs designated as drugs of addiction. Schedule 8 drugs or drugs of dependence are prescription medicines possessing a well established therapeutic need along with relatively high risk of misuse, abuse and dependence. The categorization of the medicines of this group ensures that the patients have the necessary access to effective treatment while the chance for misuse is mitigated and the development of dependence is eliminated as well (www.health.nsw.gov.au., 2016). Taking Endone medication can lead to a range of side effects ranging from mild, moderate and severe symptoms. Some of the effects are considered as quite grave requiring medical supervision and adequate clinical attention. Early and timely consultation with the physician may prevent further complication. Prompt adjustment in therapeutic intervention might benefit the patient. Hence knowledge pertinent to the storage requirement for this drug within a healthcare setting is essential to procure optimum outcome. Endone tablets are required to be stored in appropriate container until actual consumption and preferably in a cool, dry place with temperature below 30?C. Heat and dampness can spoil certain medicines and Endone is one such drug that needs to be protected from these damaging factors. A lock cupboard located one and a half meters above the ground has been suggested as a suitable place to store this medicine (www.nps.org.au., 2016). According to the National in patients medication chart guidelines, the 7 essential elements that must be documented on a medication order by the doctor have been suggested. The patients identification details require to be completed in every medication chart. All the medication chart should be completed and encompass certain basic details comprising of the date in which it has been prescribed, route of administration, generic drug name, dose suggested in metric units and Arabic numerals, frequency of administration utilizing only accepted abbreviations, timings at which the drug is administered with the entry by the medical officer. Further, the chart should comprise medical officers signature and medical officers name printed. In case of knowledge for adverse drug reaction (ADR) to the prescribed medicine, abstinence from taking that medication is recommended. Without prior consent from the doctor, it is advisable not to withhold the medicines for patients who are in pre-operative s tate or nil by mouth or fasting condition (www.healthywa.wa.gov.au., 2016). Further implications for the medication chart have been suggested by the NIMC where the section that cannot be altered without authorized approval from the national sector has been highlighted. This include the information concerning the patient identification, numbering of the chart, cautions relating to allergies and adverse drug reactions, single use and nurse initiated medicines and pre-medications, telephonic orders, medicines consumed before admission to hospital, regular medications information, documentation of patient weight and height, folds and facts about PRN or as required medicines (www.safetyandquality.gov.au., 2016). Thus the medication chart must be in line with the current guidelines and recommendations. Reviewing of 71 year old Mrs. As condition it was found that she was suffering from chronic heart failure and osteoarthritis that prompted her to take medication regime consisting of Frusemide and Digoxin tablet along with Mylanta suspension each having separate functioning. The Frusemide drug acts as a loop diuretic to treat edema pertaining to cardiovascular disease. Digoxin acts by means of making the heart beats stronger and regularizing the rhythm of heart. Mylanta serves the purpose of treating too much acid in the stomach thereby addressing heart burns, acid indigestion and stomach upset. It is generally available as the over the counter acid neutralizing medication. The vital problem of chronic heart failure disorder as well as the gatroesophageal reflux disease (GERD) thus may be effectively resolved by administering these specific medications that might alleviate the ensuing symptoms (Gaumnitz, 2012). However drug interactions between the prescribed medicines might be a pos sibility in certain cases. Moderate drug interaction might occur following consumption of Frusemide and Digoxin and patient must pay proper attention to symptoms of fatigue, muscle cramps and pain, nausea, declined appetite, visual problems or irregular heartbeats. Prolonged use of Frusemide and Mylanta drug combination might further lead to moderate drug interaction thereby accentuating the risk of dehydration and electrolyte imbalance. Symptoms for depletion of fluid and electrolyte might account for dizziness, lightheadedness, dry throat, muscle pain, fatigue, reduced urination and palpitation (Upfal, 2006). Hence post medication, the symptoms for any adverse drug reaction in the patient must be carefully monitored. References Gaumnitz, E. A. (2012). Pharmacologic Treatment of GERD. InGastroesophageal Reflux and the Lung(pp. 227-247). Springer New York. Upfal, J. (2006). Australian drug guide. Black Inc. www.safetyandquality.gov.au., (2016). Retrieved on 1 December 2016, from https://safetyandquality.gov.au/wp-content/uploads/2012/02/7439-NIMC-Local-Management-Guidelines.pdf www.health.nsw.gov.au., (2016). Retrieved on 1 December 2016, from https://www.health.nsw.gov.au/pharmaceutical/Documents/drugsofaddiction-sch8.pdf www.nps.org.au., (2016). Retrieved on 1 December 2016, from https://www.nps.org.au/medicines/pain-relief/opioid-pain-relievers/oxycodone-hydrochloride/endone-tablets www.healthywa.wa.gov.au., (2016). Retrieved on 1 December 2016, from https://www.healthywa.wa.gov.au/~/media/Files/Corporate/general%20documents/Quality/PDF/NIMC-WAGuidelines2012.ashx

Crafting Strategy Essay Example

Crafting Strategy Paper Henry Mintzberg’s Crafting Strategies is based on conclusions from decades of research that tracked 11 organizations through important moves they made in the observed period. . Patterns were marked and lumped as strategies, graphically showing distinct periods of stability, flux, or global change. (Mintzberg:75) His thesis: strategizing is more of crafting a strategy a potter shaping clay aware of her past experience and her future prospects as she performs her craft.. In contrast, the popular notion of bosses rationally and precisely plotting strategy in corporate meetings is an inaccurate depiction of strategizing and therefore misguides those who adhere to this notion uncritically. The article only seems to tilt towards an emergent approach to strategy. The author argues that a key to managing strategy is the ability to detect emerging patterns and to help them take shape. A manager’s job is not merely to see ahead but to detect patterns and get involved when the time is ripe. (Mintzberg:74,75). But Mintzberg also clarifies that all strategy making â€Å"walks on two feet: deliberate and emergent. † Purely deliberate precludes learning, and purely emergent has no control. Neither approach makes sense, which explains why strategy means emergent and deliberate behavior. (69) Mintzberg’s theory therefore also aptly captures the ideal mix of the four archetypes of Richard Whittington’s classical, evolutionary, systemic, and processual schools of strategy. These archetypes are in fact meant as conceptual reference points, set up in descriptive archetypal quadrants that are not necessarily exclusive of each other. We will write a custom essay sample on Crafting Strategy specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Crafting Strategy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Crafting Strategy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In his interpretive article, William Sheridan aptly applied Whittington’s conceptual framework. His summary of Whittington is this: that strategic thinking requires conceptual space in which there is room for different policies, tactics, and intelligence gathering. Within each strategic space, the four archetypal quadrants each stand up for different assumptions, goals, methods, and perspectives. Sheridan translated the four quadrants into their operational core as behavioral, institutional, societal, and cognitive. He said strategic thinking now means anticipating and preparing for implications and consequences of present actions. Whether acting alone (classical), on behalf of another(evolutionary), or as adviser (processual), or as societal leader (systemic) , strategic thinking (considers ) the interests of all stakeholders to protect systemic integrity. (Sheridan: full article). Sheridan then intertwined Whittington and Mintzberg: The craft of strategy consists in identifying the mix of appropriate policies, deploying them as needed, and staying alert to the prospect that changing circumstances will require changing the mixture. Citing Mintzberg, within the context of Whittingtons four schools of strategy, Sheridan summed up that strategy is not predominantly rational modeling nor formal planning, but rather an informed overview, of which the key factor is the breadth of strategic thinking also labeled as wisdom in Crafting Strategy. (Mintszberg: 69 ) Mintzberg’s theory captured the four archetypes of Richard Whittington’s classical, evolutionary, systemic, and processual schools of strategy archetypes that characterized the potter as a craftman strategist. Theoretical Underpinnings, Assumptions on strategy, business environment or organizations of the essay : Is the author’s worldview rational or based on logic/chaos/uncertainty? Are the assumptions realistic? In the book Critical Approaches to Strategic Management by David L. Levy, Mats Alvesson and Hugh Willmott the authors concede that much current thinking on strategic management is anchored on the work of Michael Porter and Henry Mintzberg. Mintzberg and colleagues (1998) with their ten schools and five definitions of strategy. My own random survey of literature on strategic management shows the complexity of the task of selecting strategies, and the overload of very involved prescriptions and descriptions of strategy. Levy and group have panned against Mintzbergs approach for its skeptical look on established classical and rational perspectives. They note that his views miss broader issues of domination and fail to scrutinize managerial assumptions. For example, Mintzbergs view on power tends to look at this issue narrowly within an intra-organizational perspective that eschews broader social and political issues, according to these same authors. Though Mintzberg shares the basic comprehensive perspective of Whittington, I believe his school of thinking shows a palpable emphasis on the micro side of strategic management. Under his method, broader social issues affecting management concerns ( for example , current issues as the Wall Street crash and our problems in Iraq, etc) would have to be relatively relegated to the rear ground, and this may not serve the end of strategic management. Sheridan is right that in terms of social insights, critical theorists of strategic management have the edge. In the present essay, Mintzberg cited the example of GM as a large and complicated organization, describing the complexity and confusion that gets tucked under the veneer of strategic order meetings, debates, dead ends, folding and unfolding of ideas as the company pursues its strategies. (68) From its lens, Crafting Strategy sees the reality hidden in the veneer of strategic order. As a craft theorist, one would see alternately a balance of chaos or order. The craft theorist would therefore not just think of new clever strategies, but allow them to develop gradually. His strength would be in the intuitive balance, his espousal of both learning and controls, his responsiveness to the material at hand. (69) In this context the theory is receptive to application, creativity, and intervention. Crafting Strategy: Main strengths and weaknesses –Persuasive Power and Basis of Persuasion Within the framework of its own assumptions and findings, Henry Mintzberg’s â€Å"Crafting Strategy† has a persuasive expressive content. It however presents a doubtful diminution of previous schools of strategic management , arguably presenting itself as a comprehensive modifying school of thought. (Sheridan: c. 2003). On the other hand it has yet to offer operational tools for managers confronted with, for example, labor unrest or racial inequity. Of course its adherents may argue that managers schooled in its perspective would have the sensitivity and other skills of the craft, but as negated by Levi et al, its relative de-emphasis on broader social issues may limit management leaders from the optimal application of established strategic tools. If anything can be said on Crafting Strategy , it is that its arguments are always nuanced. For example, it upheld both the grass roots approach to strategic management, and its opposite, the hot house strategy, estimating Reality falls somewhere between the two. (68) There is however no evidence presented that traditional tools espoused by other schools of thought have necessarily become obsolete, even granting that those findings on the research basis of its thesis have been validated. Also, the example of 11 observed firms may be a statistically insignificant in a universe of millions of counterparts in other countries. Finally I find the potter inadequate as a metaphorical parallel of corporate reality. The metaphor fails to capture the sophistication of managing complex emotions, social distinctions, biases, intrigues, competition in the marketplace, corporate politics, etc†¦that are the problems of strategic management.

Visas J-1 para prcticas profesionales en USA

Visas J-1 para prcticas profesionales en USA Si ests estudiando una carrera universitaria fuera de Estados Unidos o  finalizaste hace menos de un aà ±o puedes sacar una visa J-1 para prcticas profesionales.   Categorà ­as para las que es posible aplicar para una visa J-1 para prcticas profesionales No se puede realizar una pasantà ­a en cualquier tipo de especializacià ³n. Tus estudios tienen que estar comprendidos en uno de los siguientes campos: Administracià ³n Pà ºblicaAgricultura, Pesca y ForestalArquitecturaArte y CulturaBibliotecasCienciasCiencias SocialesComercioComunicaciones y PeriodismoConstruccià ³nDerechoEducacià ³nFinanzasIndustriaIngenierà ­aMatemticasNegocios Salud y todos los campos relacionados con la misma. En el caso de medicina se puede, adems, utilizar una visa de intercambio para hacer la especializacià ³n en USA.Servicios Sociales Encontrar patrocinador Antes de aplicar por la visa en un consulado americano, hay que encontrar un patrocinador. Es decir, una empresa en la que se van a realizar las prcticas. No todas las empresas estn autorizadas para patrocinar a extranjeros para realizar prcticas profesionales. Sino que sà ³lo unas pocas. Y estn incluidas expresamente en un listado que publica anualmente el Departamento de Estados (puedes ver el enlace en el à ºltimo prrafo de este artà ­culo). Vers que el listado incluye multitud de organizaciones. Tienes que ir analizando una por una cul patrocina especà ­ficamente pasantà ­as, ya que en la lista tambià ©n estn las que ofrecen otros patrocinios tambià ©n amparados por la visa J-1 pero que son vlidas para otros perfiles, como mà ©dicos, estudiantes en prcticas de verano o au-pairs. Lo ms prctico es que donde pone Program en letra negrita presiones la flecha y busques entre todo el menà º la opcià ³n intern.  Ã‚  Una vez que encuentres varias que se ajusten a lo que buscas, debes aplicar. Ellas decidirn si te patrocinan y si lo hacen te enviarn un documento DS-2019 e incluirn informacià ³n sobre ti en el sistema conocido como SEVIS. Solicitar la visa de intercambio J-1 Sà ³lo una vez que tienes en tus manos el DS-2019 puedes solicitar el visado en el consulado o embajada que te corresponda, segà ºn tu lugar de residencia. Esta es una visa no inmigrante. Tienes que tener claro que para que te la aprueben no basta con haber encontrado el patrocinador. Adems, el oficial consular que tramite tu caso tiene que quedar convencido de que no tienes intencià ³n de quedarte en Estados Unidos, de que tienes lazos econà ³micos y familiares fuertes en tu paà ­s de origen. Adems, como ocurre con el resto de los visados no inmigrante, no puede haber nada que te convierta en inelegible o inadmisible para ingresar a Estados Unidos. Como por ejemplo, haber cometido ciertos delitos, haber estado ilegalmente en el paà ­s con anterioridad o no tener recursos suficientes. A tener en cuenta Si has finalizado ya tus estudios universitarios no puede transcurrir ms de doce meses desde el momento en que los acabaste y el de comienzo el programa de prcticas profesionales. Una vez que se finaliza la visa, ests obligado a salir de Estados Unidos por un periodo de dos aà ±os en la mayorà ­a de los casos. Esto no quiere decir que no puedas visitar el paà ­s como turista, que sà ­ que puedes. Pero no puedes beneficiarte de visas de trabajo o de peticiones para la residencia permanente realizadas por un familiar. Es cierto que existen excepciones conocidas como waiver, pero son eso: excepciones. Obviamente, el nivel de inglà ©s es muy importante. Hablarlo y escribirlo fluidamente y poder demostrar los conocimientos con exmenes tipo TOEFL sin duda ayuda a conseguir las prcticas profesionales. Si el programa finaliza en el plazo previsto, tienes 30 dà ­as para salir de Estados Unidos.   Informacià ³n fundamental Enlace para encontrar un patrocinador de la visa J-1  para el programa de prcticas profesionales en la pgina oficial del Departamento de Estado. Pueden solicitarte una acreditacià ³n de tus creedenciales acadà ©micos que tiene que ser realizado por una institucià ³n aprobada por el patrocinador de la visa. Este es un artà ­culo informativo. No es asesorà ­a legal.

Abercrombie & Fitch case study exam Essay Example | Topics and Well Written Essays - 3500 words

Abercrombie & Fitch case study exam - Essay Example Another example is the complaint mail and lawsuit threats that A&F received for their racy and explicit ads. There, the activities in the micro-trading environment of A&F were influenced as the company decided to take measures against the complaints. B. There are several major macro trends that are impacting on A&F’s sales performance in the UK. The first is the economic trend of high cost of overhead. Secondly, the products are being sold at a considerable mark-up from United States prices, which is a competition trend. Third, a social trend is that the fashion scene in the UK is similar to that in the USA, but must also be followed carefully to ensure that the products that hit the stores are the ones that customers want. The fourth is a social trend mentioned in the case brief is that UK customers are attracted by that souvenir appeal. Customers previously would only buy A&F merchandise on a visit to the USA, and this is affecting the company’s popularity now that they have moved to the UK. A. The Augmented Product model is represented by 3 circles: inner, middle, and outer. The inner circle represents the core products that are seen at every A&F store; i.e. basic jeans and logo t-shirts. These are expected by every consumer at every store. The middle circle represents the products that are just beyond the basic elements; i.e. clean and comfortable stores. In order to be classified as a quality provider, A&F needs these elements. The outer circle represents the surprises that customers are not expecting if they have never been to the store before; i.e. the loud music, lighting, and fragrance. This is what really sets them apart from their competitors. B. They take painstaking care to always be abreast of the latest clothing looks and they even design their stores (with the loud music, lighting, and fragrance) to appeal to the trendy

Transfer and Studies Essay Example | Topics and Well Written Essays - 750 words

Transfer and Studies - Essay Example I would be grateful to you if you would take my case on humanitarian grounds and take the necessary steps to sanction the transfer to a school at California as soon as possible. The situation that calls for a transfer is as follows. I could pursue my studies at the school in Seattle only till the third semester because I was expecting my child during that period. I finished the third semester while I was expecting the child. My family and the father of my child work and live in California. This made it difficult for me to attend the school, as I had to fly back and forth from southern California and Seattle on weekend all through my third semester. I had to take a year off from school afterward, as I gave birth to my child. As I continue to stay with my family at California, it puts me in a position to resume the pattern of flying back and forth between southern California and Seattle. This may not be an ideal situation for me and my infant. As a first generation American, I need to follow the family values in our culture that demands a situation where the child grows up among both the paternal and maternal relatives. The father of my child works at Southern California, and if I continue my studies at Seattle, it would mean that the family is separated. Moreover, the financial burden will be much heavier for us to handle, since I will have to use the flight more frequently. I am the first in my family to attend law school, and I realize the significance of my studies and am very keen on completing the course. Therefore, I would like to get a transfer to a school in California, where I can pursue my studies diligently, as it would not create any difficulty for me as a mother and a student. I hope you will try to understand my situation and necessitate a transfer as per my request. My grades were affected during the third semester when I had to travel a lot for attending the classes.  Ã‚  Ã‚  Ã‚   I put before you the humble request to consider my case on humanitarian grounds, as the decision to have a child at this stage was unavoidable due to some health reasons. At the same time, I am keen on pursuing my studies in the best way poss ible and look forward to developing a good career in law. I hope you will consider this matter seriously and comprehend the good intention and dedication that prompts me to request a transfer to a school in California.  

Unit 5 IP introduction to law enforcement Essay

Unit 5 IP introduction to law enforcement - Essay Example Members, especially, those living in organized societies have the right to be protected by law. Most states have law enforcement agencies at the local, national and international level. Apart from this, there are specialized agencies that focus on specific areas like drugs, terrorism because local agencies do not have the required expertise, reach or resources to effectively tackle them. In general, it is the local police that arrive at the scene of a crime. But taking into consideration the nature, extent and scope, the local police may require or be compelled to work with other law enforcement agencies. The advantage is that a cooperative effort will be much more effective in solving and controlling such crimes mentioned above. But the disadvantage is the conflict of interests, lack of cooperation or coordination among the agencies involved and to a certain extent, ethical dilemmas. This paper focuses on the concept of ethical dilemmas that may occur during cooperative effort between various law enforcement agencies and the local law enforcing department or agency (police department). In the process, the paper will attempt to identify possible dilemmas and also provide practical solutions in order to solve or prevent such occurrences. The paper will take the form of a case study with regard to a local enforcement agency in a large city in the United States. The city in question is large and multiracial in nature. Typical of similar places, the main instances of crime are robbery, dealing and use of drugs (illegal substances), homicide and murder. Within the past decade new forms of crime have appeared the two major ones being terrorism and cyber crime. It should be noted that the city has not experienced any form of terrorist attack in the past. But after the 9/11 attack, security has been strengthened and the local enforcement administration has to work in

Determining Rates of Interest in the Money Market

Determining Rates of Interest in the Money Market Explain in detail how interest rates are determined in the money market. Examine the likely consequences for the macroeconomy of a reduction in the rate of interest and highlight the factors that might limit the effects. This essay is going to demonstrate how the rate of interest is determined in the money market. It will examine the impact that a reduction in the interest rate has on the economy. The framework used will be the interest rate mechanism, where an increase in the money supply will change interest rates and stimulate interest-sensitive expenditures. It will then highlight the factors that can limit and offset the effects of a reduction in the interest rate. The interest rate is defined by Sloman et al. (2012) as the price paid for borrowing money. Two factors that determine the interest rate is the supply of money and the demand for money. The supply of and demand for money in the economy interact together to reach a level of equilibrium. According to Sloman et al. (2012) the money market is a market for short-term debt instruments in which financial institutions are active participants. Figure 1 and 2 illustrates the money market and the demand for money. The demand for money refers to an individual’s desire to hold their wealth in the form of money instead of using it to purchase goods or financial assets. The money demand curve is downward sloping as an increase in the interest rate leads to a decrease in the quantity of money demanded. Money supply is the entire stock of currency and other liquid instruments in the economy. The money supply is set by the central bank (Bank of England) and is exogenous (does not depend on the demand for money). The money supply is fixed and is not influenced by the rate of interest. In figure 1, the x-axis measures the money supply, the y-axis represent the rate of interest and the L curve represents the liquidity preference curve (demand for money). The money supply is represented by the vertical line Ms. The intersection of the money supply and money demand curves reveals the equilibrium rate of interest and is fixed at that point where they equate. According to Keynes the intersection of the curves is purely a monetary phenomenon. John Maynard Keynes (1936) in his book the General Theory of Employment, Interest and Money described the demand for money through liquidity preference framework. According to this theory, the primary reasons for holding money are for transactional, precautionary and speculative demands. The sum of all three demands make up the total demand for money. According to the theory, if interest rates are high individuals demand for money (liquidity preference) is low and when interest rates are low, the demand for holding money increases. In figure 2, the curve L1 is the transaction plus precautionary demand for holding money. L stands for the liquidity preference and by definition; the liquidity preference is the demand for holding assets in the form of money. L is the total demand for money balances and is derived by the horizontal addition of curves L1 (the transactions plus precautionary demand for money) and L2 (the speculative demand for money). The shift from L1 to L2 illustrates a s hift in the liquidity preference (an increase in the demand for holding assets in the form of money). The interest rate mechanism is graphed in a three-stage process. Stage 1 illustrates the money market, where an increase in the money supply from M to M’ (with everything else being equal) leads to a fall in the rate of interest from r1 to r2. At stage 2, the fall in the interest rate leads to an increase in the level of investment from I1 to I2. The increase in the level of investment translates in the third diagram shown in stage 3. Lower interest rates increases investment as it becomes relatively cheaper for firms to invest and businesses to take out loans to finance greater spending and investment. Stage 3 shows how a rise in investment leads to a multiplied rise in the national income from Y1 to Y2. Stage 3 shows the Keynesian withdrawals and injections function where an increase in investment has increased the level of injections J1 to J2. This excess in injections over withdrawals will lead to a rise in the national income from Y1 to Y2. Interestingly, an increase in t he level of income means that consumers will have more disposable income for consumption purposes (Sloman et al. 2012). Consumption is the largest component of aggregate demand and has an effect on other components of aggregate demand such as net exports and investment Griffiths and Wall (2007). Lower interest rates increases the level of consumption by making the opportunity cost of consumption is lower. This encourages greater expenditure as borrowing through credit cards becomes cheaper. Lower interest rates makes saving less attractive by reducing an individual’s incentive to save. This lower incentive to save encourages consumers to spend rather than to hold onto money. It also reduces the income from savings and the interest rate that is due on loans taken out. However, borrowing now becomes more attractive and this stimulates an increase in spending. Lower Interest rates can boost the prices of assets such as shares and houses. Higher house prices means that current home owners must extend their mortgages which further enables them to finance higher consumption. Interestingly, the higher asset prices increases the wealth of households (through the wealth effect) which increases their incentive to spend as confidence will be higher. Higher asset prices means that businesses are also able to finance their investment (purchase of capital) at a lower cost. Lower interest rates also reduces the cost of interest payments on mortgages by reducing the monthly cost of mortgage payments. This increases the disposable income of householders which increases their level of spending. Moreover, lower interest rate can reduce the value of the Pound Sterling. If UK interest rates fall relative to overseas, saving money in UK becomes less attractive as higher returns can be earned in another country. This reduces the demand for the pound sterling and causes the reduction in the value. In figure 6 at stage 2, the fall in the currency is due to a decrease in the demand for the Pound Sterling in the foreign exchange market. The rise in the supply of the domestic currency from S1 to S2 leads to a fall in the demand for the currency from D1 to D2 and this causes a depreciation in the exchange rate from er1 to er2. This fall leads to a rise in the demand for exports as UK exports become relatively cheaper and more attractive overseas. There will also be a fall in demand for imports (as they become more expensive) and thus causing an increase in the national income (which further increases spending). What if other factors can offset the full extent of a reduction in interest rates? There exist time lags in the economy that can limit the impact of rate cuts on the level on interest-sensitive expenditures. In figure 4, the increase in the money supply lead to a multiplied effect and resulted in a rise in the national income. However, the mechanism failed to highlight how a rise in income will also lead to a rise in the transactional demand of money (L1). In this circumstance, at stage 1, L1 would shift to the right and thus lead to a smaller fall in the interest rate than illustrated. Thus, the level of investment at stage 2 and the national income at stage 3 will not rise as much as shown as well. The overall effect of the money supply on national income will depend on the size of each stage. Their relative sizes depend on the shapes of the liquidity preference and investment curves (as in figure 6 and 7). A bigger change in the interest rate will be caused if the liquidity prefer ence is less elastic. The more interest-elastic the investment curve is, the bigger the change in investment. If the marginal propensity to withdraw is lower and therefore the curve is flatter, this will cause a bigger multiplied change in the national income than illustrated (Sloman et al. 2012). Keynesian economists stress how volatile stages 1 and 2 are in the interest rate mechanism. What if increasing the money supply leads to no interest rate reductions? What if investment is inelastic and cannot be influenced by changes in rates. Figure 6 illustrates an elastic liquidity preference curve. The less elastic the liquidity preference is, the bigger the change that will be caused in the interest rate. Due to its gently sloping curve, a rise in the money supply from M to M’ will lead to an only small fall in the interest rate. This will them limit the impact that the interest rate has on consumption, saving decisions and any other interest-sensitive expenditures. According to Keynesians, the demand for money (L) can be very elastic in response to changes in the interest rates and the liquidity preference curve can become relatively flat. The full effect of a rate cut can be limited greatly by the nature of the demand curve. At r2, if individuals perceive and expect no further rate cuts, any increase in the money (from M’ to M’’) will have no impact on r. The liquidity trap is where Keynes believed this additional money will be lost in. within this theory, interest rates have a floor where an increase in the money supply has no further impact. The financial crisis 2008-09 was a predicament where policy makers feared that increases in the money supply will lead to idle balances lost in the liquidity trap. The central bank used an unconventional monetary policy known as quantitative easing, where they deliberately increased the base rate via the purchase of bonds and other securities in exchange for money. This process of credit creation was used to increase bond prices and thus reduce the interest rate and stimulate growth. Arguably, increases in the money supply will have some impact on the rate of interest as we have seen in the financial crisis where deliberate increases in the money supply lead to further increases in the i nterest rate and thus spending as well (Sloman et al. 2012). Figure 8 illustrates the effect on interest rates of an unstable liquidity preference curve. This figure further explains how the liquidity preference curve fluctuates due to factors such as expectations in the inflation rate and direction of the interest rate (to name a few). Therefore, due to its instability it is difficult to predict the effect on interest rates of a change in the money supply. Another factor that can influence the investment schedule are changes in investor confidence. An increase in investor confidence can shift the investment curve to the right and at any given interest rates, firms will want to invest more. A decrease in their confidence would shift the curve to the left. If investors believe that the economy is going to get out of recession, their confidence and level of investment will increase. If firms believe that inflation will rise and that the central bank will soon increase the interest rate, confidence and investment in the economy will be low (Sloman et al 2012). In Figure 7, a bigger change in investment will be caused if the investment curve is more interest-elastic. In the liquidity preference framework, investment demand is unresponsive to interest rate changes and that a large change in the interest rate is detrimental to affect investment. Evidence to confirm this was illustrated through the impact of investor confidence. This consensus on the behaviour of investment can be argued in that the focus should be more on how volatile and erratic investment is in response to confidence than its responsiveness to the interest rate. For example, in figure 9, the impact of a fall in interest rates is limited by business confidence. Initially, the reduction in the interest rate has increased investment. However, if the fall in interest rates is accompanied by an increase in business confidence by investors, the investment curve will shift from l1 to l2. On the other hand, if the fall in the interest rate is accompanied by a decrease in confidence then the investment curve will decrease and fall shift from l1 to l3. This impact is contrary to what was illustrated when the investment curve was believed to be inelastic. Therefore, expansionary monetary policy is likely to be more effective if firms have confidence in its effectiveness (Sloman et al. 2012). In the liquidity preference framework, the assumption is that an increase in the money supply leads to lower interest rates if everything else remains equal. However, in reality an increase in the money supply might impact other factors in the economy that could increase the interest rate instead of decreasing it. Two factors to highlight are the income effect and the price-level effect. The income effect describes how an increase in the money supply has an expansionary influence on the economy and this in effect raises the national income and wealth. The liquidity preference theory predicts that an increase in the national income and wealth will increase the interest rate and offset the original impact of an increase in the money supply. Another effect that can limit the impact of a reduction in interest rates is the price-level effect. In this effect, an increase in the money supply increases the overall price level which also increases the interest rate. In conclusion, economics is a social science where theories are constantly examined and redrafted. In the interest rate mechanism theory, an increase in the money supply will lower interest rates and stimulate interest-sensitive expenditures. This stimulation will have a multiplied effect on the level consumption, business investment, mortgage payments and asset prices. However, the impact of a reduction in the interest rate on the economy is quite a complex subject to address. Many determinants must be factored in for the full impact to be noticeable. Even if the overall effect of a reduction in the interest rate is quite strong, it is highly unpredictable to measure and estimate the magnitude of it. Investment is influenced by confidence and on elasticity to the interest rate. This changes the original impact of a rate cut. The nature liquidity preference curve can be highly unstable and not be impacted by any changes in the interest rate. There also other factors like the price-le vel, expectations and income that can impact and offset the intended purpose of an increase in the money supply. All the factors highlighted in this essay can limit and offset the impact of a reduction in interest rates on interest-sensitive expenditures and the growth of the economy. REFERENCES Keynes, J.M. (1936), The General Theory of Employment, Interest and Money, CreateSpace Independent Publishing Platform Griffiths, A. and Wall, S. (2007) Applied economics, 11th ed. Harlow: Addison Wesley Longman. Sloman, J., Wride, A. and Garratt, D. (2012) Economics, 8th ed. Harlow: Pearson Education Limited. BIBLIOGRAPHY http://www.bankofengland.co.uk/monetarypolicy/Pages/overview.aspx http://www.macrobasics.com/chapters/chapter8/lesson83/ http://harbert.auburn.edu/~thommsn/FINC-3700/ME7-WebChapters/WebApp04_4.pdf http://www.stlouisfed.org/publications/re/articles/?id=2505 http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb120104.pdf https://www.creditwritedowns.com/2010/10/on-liquidity-traps-and-quantitative-easing.html

Essay --

Kelly Larson The Glass Castle Book Review The Glass Castle, written by Jeannette Walls, is a fiction, memoir, usually recommended for young adults. It’s based on a true story, from the viewpoint of a young girl about the struggles of her childhood. Just like the book Half Broke Horse, it describes the hardships they faced as children, and how they beat the odds of following in their parents’ footsteps knowing that just because they had a bad childhood, didn’t mean they were going to have a bad life. The book starts off displaying that the parents show little interest in their kid’s safety and exposure to the world. They moved from town to town for as long as their Dad could hold a job. They lived anywhere from the dessert grounds, to abandon houses, and when they were really desperate, the Grandparents house. Their dad was a brilliant man who taught them everything from physics, math, and astronomy, to capturing their imagination and teaching them to live without fear. But, from his own childhood experiences, he had become an alcoholic and was hardly ever home. When they moved on ...

Nec Electronics Corporation (Nece) Case Study Essay

INTRODUCTION In early July 2007, the New York based hedge fund Perry Capital proposed to raise its stake in NEC Electronics Corporation (NECE), the then publicly listed subsidiary of Japanese conglomerate, NEC Corporation, from 4.8 percent to 25 percent. The offering was  ¥5,000 a share, at about 60 percent premium. Perry’s investment in NECE traced back to late 2005, the year its first exposure to Asian markets, with the initial investment cost at around  ¥3,200 a share. Perry believed the intrinsic value of NECE was to release after restructuring its business strategy, albeit NECE was expected a loss in FY2005. This paper studies the investment of Perry Capital in NECE, and particularly looks at Perry’s consideration to increase its stake in NECE to 25% at that time. INVESTMENT OPPORTUNITIES IN JAPAN As shown in Exhibit 1, the long-lasting deflationary Japanese economy since 1997 probably comes to an end with its CPI rebounded from negative in 2006. At the same time, Bank of Japan has loosed its monetary policy by raising the interest rate above zero since 2006. These two data suggest that Japanese economy is pending an exit from the lost decade. Looking at the Nikkei 225 index shown in Exhibit 2, the bullish trend since 2003 shows the investors are optimistic towards companies’ future earnings. The improving market sentiment stems from the amelioration of Japanese economy, with its GDP growth rate has become positive since 2000, as shown in Exhibit 3. Moreover, Japan’s export industries have been performing well due to its weak currency. Perry’s investment in NECE can be a sensible move as Japan is one of the leading countries in producing innovative technological products. In 2007, Japanese high-tech products secure a significant market share in the world. These industries include automobile, IT, communications, mechanism and robot, new materials, etc. In addition, Japanese firms allocate significant amount of resources in their product R&D area, the efforts paid in improving product quality and promoting innovation enhance Japanese firms’ competitive strength overtime. Essentially, Perry’s investment philosophy is looking at the fundamental of the company, building good relationship with the management, investing in good company, and possibly keeping its portfolio beta at a considerably low level. As Perry’s portfolio has been performing well since its inception, the venture into Japanese market is compliant with its investment strategy, where stocks in Japanese market produce reliable streams of cash flow, and more importantly, there are valuable cheap stocks to pick in Japanese market, these characteristics are aligned to Perry’s taste. CHALLENGES TO INVEST IN JAPAN The first time venture suggests Perry is novel to the Japanese market. As the probability of success of Perry’s investment in NECE highly depends on the assumption made to restructure NECE’s business division, Perry must convince the parent company NEC to share its vision. Agency problem would be a potential challenge for Perry to maintain a good relationship with NEC. As the subsidiary will become a separate entity from its parent company upon listing, it is questionable whether the parent company will longer treat the two different entities equivalently. For instance, will the parent company shift the loss-making divisions to its subsidiary, which then can help the parent company to get rid of loss at the expense of its subsidiary’s financial report? Furthermore, Japan’s system of corporate governance is said lacks of effective protection to minority shareholders. Controlling shareholders in Japan are not required to prove that their dealings with the company are fair, and self-dealing is not formally defined by law. Furthermore, in Japanese model of stakeholder capitalism, management could be entrusted to safeguard the interest of a range of key shareholders, rather than focusing more narrowly on maximizing returns to shareholders, which might weaken minority shareholders’ power in deciding an important issue. FUNDAMENTAL VALUE OF NEC ELETRONICS CORPORATION Perry team made a few assumptions to evaluate NECE in early 2006. Since the exact date of evaluation is not clearly stated in the case, we will first evaluate NECE at 2007 based on the assumptions made and then apply the same methodology to other years. Team Perry used an approach that employed EBITDA multiples for each segment: MCU, CCD and Communications. We use the information from exhibit 7 and exhibit 8 to infer the fundamental value from 2004 to 2007 and future. We then make inference on value of NECE based on 03/2006 and 03/2007 values. Note that information from exhibit 6 and 8 are from 2007. Fundamental Value of NECE at 03/2007 Assumptions used in valuing MCU division: I. MCU is able to match the average EBIT margins of comparable firms, which is 17.70%. II. 15% of the  ¥83 billion depreciation cost is attributed to MCU for the next few years. III. A conservative approach of 9 times EBITDA multiples is used. Assumptions used in valuing CCD division: I. EBIT margins of the remaining business are 5%. II. 45% of the  ¥83 billion depreciation cost is attributed to MCU for the next few years. III. 7 times of the EBITDA multiples is used. Assumptions used in valuing communications division: I. EBIT margins could be negative. II. To avoid loss, exiting this line is an attractive option. III. Estimated cost of exit at most  ¥100 billion. The fundamental value of NECE on 03/2007 is the summation of each division’s fundamental value: Note that the Fundamental value is higher from year 2005 to 2007 except year 2004. EVALUATION ON ASSUMPTIONS USED The first assumption expects MCU would be able to match the EBIT margins of comparable firms. However, there is a large dispersion in the EBIT margins among the comparable firms. The large difference of EBIT margins between the comparable firms could suggests that the cost differentials are significant among these firms. Indeed, the uneven distribution of EBIT margins among comparable firms could also because of the small number of sample size used, which in turn soften the estimation power of this assumption. The second assumption is to give the CCD EBIT margins of 5%. However, as the average EBIT margins of the comparable firms is around 16%, with the range between 7.3% to 42.3%, Ercil’s might probably be too conservative than he should in valuing the CCD segment in NECE. Moreover, Ercil also assumes that he will be able to exit the communication segment at a cost less than 100b which is again a conservative estimation as mentioned in the case. Given the above these assumptions made by Ercil, it seems that he is a conservative investor who prefers to take conservative valuation in his investment discretion. Though his conservatism might make the estimated NECE fair value become less attractive, his prudent investment strategy could probably in turn safeguard his clients’ money in any unfavorable event. Below shows some assumptions made by Ercil that are reasonable. First, instead of using 11x EBITDA multiples to value NECE’s MCU segment, Ercil used a lower of 9x EBITDA multiples. This assumption is definitely acceptable as it is in line with Perry team’s prudent investment strategy. In addition, the depreciation cost allocation made by Ercil seems reasonable. Ercil allocated 45% of depreciation cost into the communications segment, as there was a significant amount of capex used to build the plant in Yamagata in the recent past. Based on Ercil’s assumptions we manage to breakdown NECE balance sheets based on its divisions. This activity illustrates that the EBIT margin estimates are consistent with exhibit 8 and has no mathematical or financial discrepancies in terms of amount allocated to each sectors. EBIT margin for communications segment is indeed negative for year 2007 based on Ercil’s assumption. We observe high expense in communications area possibly due to expropriation of NECE by its parent company, NECE that will be discussed below. POTENTIAL AGENCY PROBLEM ON NECE’s MARKET VALUE Our case analysis assumes that market is efficient, implicating that outsider anticipate potential agency problem within NECE. Besides demanding fair return on their capital, controlling shareholders should ultimately bear all agency costs they create. This is consistent with the journal â€Å"Agency Costs, Mispricing and Ownership Structure† by Sergey, Fritz and Greenwood (Sergey Chernenko, 2010), whereby the case of NECE is used to illustrate the impact of agency cost on market value. Agency problems in subsidiary-parent relationships could stem from 3 scenarios: I. Related party transactions: Based on the journal, following NECE listing in 2003, the development of microchips for NEC’s phone brought in excessively high capital expenditures and research and development expenses to NECE. Following it was the low transfer prices to the parent company, NEC. This is due to the weak fiduciaries duties law on company in the interest of minority shareholders. II. Usurped business opportunities: Indirect influence of parent company on their subsidiaries such as continuing a business venture that profits the parent despite the subsidiaries making losses make it hard to be detected. In particular, NECE incurred excessive R&D cost and capital expenditures to enhance NEC competitive position in the market. III. Minority squeeze outs- Cash-out merger is an example of minority investors being squeezed out. NEC bought back NEC System Technologies 20 months after listing it, evidently showing NEC’s involvement in this form of related party transaction. Based on the journal’s samples, Investors who bought the subsidiaries share upon listing sold their shares back to the parent during repurchase at a loss of 39% to 71%. Therefore, in perfectly efficient market, minority shareholders fully anticipate agency problems. If controlling shareholder is expected to divert resources, the market will price the equity accordingly (lower) than in the scenario where agency problem is absent. One caveat is that, investors might not be fully informed (market is not totally efficient) that in turn creating incentive for agency problems. PROSPECTS OF NECE The fundamental value of NECE is severely undervalued compared to its market value in 2007; this might be due to the agency problem that persisted between NEC-NECE. We conclude that NECE is a potential lucrative investment if Ercil is able to remove the communications segment and thereby removing the potential agency problem in NECE. Nevertheless, the reluctance of NEC to remove the communications segment and the weak protection of minority interest in Japan cast shadow on the prospects on NECE. Worsening the situation, NECE was nearly delisted in 2007, implying that liquidity could have drastically decreased. Note that also the MCU and Other Divisions remains relative stable (slight increase) over the projection years. Historical Performance of Publicly Listed Subsidiaries of Parents in Japan Our findings are consistent with the data given in Exhibit 4. If market is efficient, the incentives for parent company to list its subsidiaries arise either when the market value of subsidiaries is overpriced upon listing or if the parent company’s internal capital is inadequate to fund attractive investment opportunities. In the case NECE, the former scenarios seem to be more plausible as according to the graph above. This could lead to drop in future market performance as market absorbs more information. Source: http://www.nber.org/papers/w15910 According to Fritz (2010), the negative performance of listed subsidiaries over the first 36 months following IPO can be seen via industry adjusted returns of -6.2%,-13.43% and -13.98% over the one-,two- and three year horizons after IPO. This is again consistent with the case of NECE. Both subsidiaries with ex ante scope for agency problem (such as sales relationship) and those where parent has retained little equity despite substantial control over its subsidiaries illustrated poorer performance. On top of that, a great portion of listed subsidiaries were subsequently repurchased by their parent at a discount to the IPO price. The historical performance of publicly listed subsidiaries of parents is consistent with the case of NECE. In this case, NEC hold 20% of NECE total equity but have significant control over NECE operations and sales. This leads to expropriation of minority shareholders and lower market price following IPO. A FEASIBLE STRATEGY FOR PERRY TEAM There are three options for Perry team: to increase its stake in NECE with the expectation that NEC management will eventually share Perry’s vision to dispose the communications segment; to arrange for possible merger and acquisition for NECE; to exit the investment in NECE. To consider the action on the $150 million position in NECE, Ercil is likely to expect the maximum likelihood among these three scenarios. The first option is essentially the proposed increasing stake in NECE by Perry in the case. However, this move requires substantial amount of capital to fund the investment; the investment does not necessarily realize Perry’s objective to dispose NECE’s communications division as NEC will still be the largest shareholder in NECE. Since the investment in NECE in 2006, Perry team has been approaching NEC and asking for NECE business restructuring, the two parties have yet reached a consensus about the issue. It seems that NEC executives are unlikely to change their position in the future as well. The second option is to create a proxy fight for possible takeover or merger of NECE. The biggest impediment in this strategy is the same as the first strategy – the parent company NEC is holding a controlling amount of 70 percent stake its subsidiary, proxy fight might be too costly to execute. Furthermore, it is generally believed this strategy is far from reality because a hostile acquisition for NECE would significantly destroy the business relationship between the acquirer firm and the giant conglomerate, NEC. In addition, it is the time where Tokyo Stock Exchange is placing NECE on a watchlist for possible delisting due to its concentrated ownership structure. For Perry team, unwinding the 5 percent stake (or more if either option 1 or option 2 is adopted) in NECE would mean more difficult after delisting. Perry needs to find a potential buyer for the whole or portion its holdings in NECE. Exit strategy implies to realize the loss in this investment. Suppose Perry bought NECE stocks at an average price of  ¥3,200 per share, NECE share price is around  ¥2,900 per share in July 2007, which means Perry will record a loss of about 10 percent in its investment in NECE. As NECE has been recorded loss during Perry’s investment period, this small 10 percent loss may in turn support the immediate exit strategy, so as to minimize the loss because NECE’s business prospects are full of uncertainties. SCREENING GLOBAL ECONOMIC CONDITION Before making the final decision among the above three options, Ercil will definitely examine the current global economic condition. Generally speaking, if the global market sentiment is positive, it may worth for a riskier investment strategy to seek for higher return. On the contrary, higher return investment securities such as equities markets are usually too risky to attract capital inflow. As government bonds are deemed safe haven for investors, bonds yield curve can give some signal about the likelihood of future economic condition. Ercil examine the U.S. government bonds yield curves and TED spread at that time. It is observed that the T-bills have begun to deviate downward from T-bonds since Q1/2007 (Exhibit 5). Soon after July 2007, TED spread begins to rise (Exhibit 6). The declining short term T-bills yield suggests the investors become cautious and allocate their money in the bonds market. The increasing TED spread may infer the condition of liquidity shortage in the market, where lenders require higher returns for lending out their money. According to bonds yield equation: Forward Rate=Expected Discount Rate Tomorrow+Liquidity Premium As TED spread implies liquidity premium becomes dearer, the declining T-bills yield is attributed to the expected fall in future interest rate in the U.S. market. Simply saying, market anticipates a loosening monetary policy adopted by the Federal Reserve. RECOVER LOSS: JPY/USD EXCHANGE RATE INCREASE While the exit strategy might be a better move after looking at global market sentiment, Ercil will consider whether he should immediately convert the JPY to USD. As exchange rate movement is closely related to interest rate movement between two countries, it is observed that Japan’s interest rate is at 0.50% (Figure 1) while U.S. interest rate is around 5% (Exhibit 7). The huge differential between the two countries interest rate infers the potential gain from going against USD. In addition, given the interest rate parity condition in Forex market, the expected decrease in U.S. interest rate (as the declining yields curves suggest) will probably result in the appreciation of JPY against USD, as shown in Figure 8. In conclusion, if there could be a potential gain from holding JPY against USD, which can in turn recover some of the loss from Perry’s investment in NECE. By holding JPY, Ercil probably can go for his conservative investment strategy by buying fixed income securities, gold and other safer investment assets, or just holding cash. If JPY/USD does not perform as what Ercil predicted, he will only face one side risk (the continual increase in U.S. interest rate that further pumps up USD/JPY) but is protected from the continual decline of JPY (as Japan’s interest rate is near zero that means Bank of Japan is effectively powerless in pushing down its interest rate).

Free Essays on Alcoholism...Pros And Cons

The following essay will introduce you to pros and cons of drinking. It will also give you a clear understanding in why you shouldn’t drink alcohol. Alcohol is a depressant; it impairs your ability to drive, slows down your reaction time and causes you to make some risky decisions that you wouldn’t normally take. This essay will also help you comprehend how and why things happen, because of alcohol. Alcoholism can kill in many different ways, and in general, people who drink regularly have a higher rate of deaths from injury, violence, and some cancers. The earlier a person begins drinking heavily, the greater their chance of developing serious illnesses later on. Any protection that occurs with moderate alcohol intake appears to be confined to adults over 60 who have risks for heart disease. Adults who drink moderately (about one drink a day) have a lower mortality rate than their non-drinking peers, their risk for untimely death increases with heavier drinking. Alcohol may not cause cancer, but it probably does increase the carcinogenic effects of other substances, such as cigarette smoke. Daily drinking increases the risk for lung, gastric, pancreatic, colorectal, urinary tract, liver, brain cancers, and leukemia. About 75% of cancers of the esophagus and 50% of cancers of the mouth, and throat are attributed to alcoholism. (Wine appears to pose less danger for these cancers than beer or hard liquor.) Smoking combined with drinking enhances risks for most of these cancers dramatically. When women consume as little as one drink a day, they may increase their chances of breast cancer by as much as 30%. In the liver, alcohol converts to an even more toxic substance, which can cause substantial damage. Not eating when drinking and consuming a variety of alcoholic beverages are also factors that increase the risk for liver damage. People with alcoholism are also at higher risk for hepatitis B and C, potentially chronic liver dis... Free Essays on Alcoholism...Pros And Cons Free Essays on Alcoholism...Pros And Cons The following essay will introduce you to pros and cons of drinking. It will also give you a clear understanding in why you shouldn’t drink alcohol. Alcohol is a depressant; it impairs your ability to drive, slows down your reaction time and causes you to make some risky decisions that you wouldn’t normally take. This essay will also help you comprehend how and why things happen, because of alcohol. Alcoholism can kill in many different ways, and in general, people who drink regularly have a higher rate of deaths from injury, violence, and some cancers. The earlier a person begins drinking heavily, the greater their chance of developing serious illnesses later on. Any protection that occurs with moderate alcohol intake appears to be confined to adults over 60 who have risks for heart disease. Adults who drink moderately (about one drink a day) have a lower mortality rate than their non-drinking peers, their risk for untimely death increases with heavier drinking. Alcohol may not cause cancer, but it probably does increase the carcinogenic effects of other substances, such as cigarette smoke. Daily drinking increases the risk for lung, gastric, pancreatic, colorectal, urinary tract, liver, brain cancers, and leukemia. About 75% of cancers of the esophagus and 50% of cancers of the mouth, and throat are attributed to alcoholism. (Wine appears to pose less danger for these cancers than beer or hard liquor.) Smoking combined with drinking enhances risks for most of these cancers dramatically. When women consume as little as one drink a day, they may increase their chances of breast cancer by as much as 30%. In the liver, alcohol converts to an even more toxic substance, which can cause substantial damage. Not eating when drinking and consuming a variety of alcoholic beverages are also factors that increase the risk for liver damage. People with alcoholism are also at higher risk for hepatitis B and C, potentially chronic liver dis...

Free Essays on Being A Lesbian Is A Political Choice

Lesbian Families When I first signed up for the Lesbian Families Team Presentation I was a little tentative because I didn’t know what to expect. Whenever I heard the word â€Å"Lesbian†, I would always cringe a little inside because to me that is not a normal life style. As our group was brainstorming ideas for our presentation I said that I would do a brief history for this topic. Throughout my research, I realized that being a lesbian is a life style, and even though being a lesbian is a life style, we are all humans that deserve a fair chance at life. Just because lesbians might act differently, dress differently, and talk differently, that doesn’t mean that they should be excluded from a normal life in general. Being a lesbian is a political choice. The development of Lesbian-Feminist politics as the basis for the Liberation of women is a Lesbians’ top priority. All lesbians are now in revolt because all Lesbians define themselves in terms of a woman and reject the male definitions of how she should feel, act, look, and live. On the other side of things the male society defines the lesbians as a sexual act, and the lesbian society rejects males sexual and political domination; she defies his world, his social organization, his ideology, and his definition of her. Speaking in terms of how lesbians’ think, the lesbian is a woman-identified woman who commits herself to women not only as an alternative to oppressive male/female relationships but primarily because she loves women. Therefore woman-identified lesbianism is, then more than a sexual preference. It is a political choice. Women in the movement have in most cases gone to great lengths to avoid discussion and confrontation with the issue of lesbianism. It makes other very up tight, to know that they are talking to a lesbian. They people are hostile or try to incorporate conversation into some broader issue. When lesbians are put into this situation the... Free Essays on Being A Lesbian Is A Political Choice Free Essays on Being A Lesbian Is A Political Choice Lesbian Families When I first signed up for the Lesbian Families Team Presentation I was a little tentative because I didn’t know what to expect. Whenever I heard the word â€Å"Lesbian†, I would always cringe a little inside because to me that is not a normal life style. As our group was brainstorming ideas for our presentation I said that I would do a brief history for this topic. Throughout my research, I realized that being a lesbian is a life style, and even though being a lesbian is a life style, we are all humans that deserve a fair chance at life. Just because lesbians might act differently, dress differently, and talk differently, that doesn’t mean that they should be excluded from a normal life in general. Being a lesbian is a political choice. The development of Lesbian-Feminist politics as the basis for the Liberation of women is a Lesbians’ top priority. All lesbians are now in revolt because all Lesbians define themselves in terms of a woman and reject the male definitions of how she should feel, act, look, and live. On the other side of things the male society defines the lesbians as a sexual act, and the lesbian society rejects males sexual and political domination; she defies his world, his social organization, his ideology, and his definition of her. Speaking in terms of how lesbians’ think, the lesbian is a woman-identified woman who commits herself to women not only as an alternative to oppressive male/female relationships but primarily because she loves women. Therefore woman-identified lesbianism is, then more than a sexual preference. It is a political choice. Women in the movement have in most cases gone to great lengths to avoid discussion and confrontation with the issue of lesbianism. It makes other very up tight, to know that they are talking to a lesbian. They people are hostile or try to incorporate conversation into some broader issue. When lesbians are put into this situation the...

REPORT ON AM TRANSMISSION AND RECEPTION Essay Example | Topics and Well Written Essays - 1250 words

REPORT ON AM TRANSMISSION AND RECEPTION - Essay Example The following laboratory experiment is a practical demonstration of AM technique with the application of a balanced modulator. First the message signal will be modulated with carrier signal using balanced modulator. The modulated signal is then amplified sufficiently and transmitted through antenna. The transmitted signal is then received through a receiver. Before mixing the signal to local tune, the received signal efficiency is enhanced through a RF amplifier and then shifted to pre-define IF frequency, normally at 455 KHz in AM broadcasting systems. The desired signal is boosted by using an IF filter. It discards the undesired portion of signals. Finally, the original message is recovered using a envelop detector. For modulation of carrier we first we will generate the carrier wave through the application of VCO-LO while the message signal will be generated through signal generator. The whole process involves following steps; After adjusting everything and setting the oscilloscope vertical mode to ALT and trigger on channel 1 as shown in figure (5) bellow, the message signal (M) is connected the oscilloscope channel 1 and channel 2 probe is to be connected to output of the modulator. Now if we vary the frequency of message signal while keeping the amplitude constant the frequency of the Amplitude modulated signal also changes while its â€Å"amplitude† will remain constant as shown in figure (6) on next page. Also the output signal with modulating index 1 and when it over-modulated is shown in figures (8) and (9) respectively below. In case of over-modulation the modulation index will have greater than unity value. Since the condition for envelope detector in terms of modulation is defined as; Now as further step the two-post connector at the output of balanced modulator is connected to â€Å"SSB† and â€Å"AM† terminals while another two two-post

The Importance of the Embargo in the Arabic Countries Research Paper

The Importance of the Embargo in the Arabic Countries - Research Paper Example During the embargo, the countries mainly Arabic countries made the unilateral decision to hike the prices and cause a disruption in the world oil prices. The price per barrel at the period between 1960 and 1971 was at $1.75. By mid-1973, the price had risen to $3.29 a barrel, and this was after negotiations. After the conflict had begun, the OPEC members raised the price to $5.12 a barrel. Iran auctioned its oil to the highest bidder at $17 a barrel. By the early months of 1974, the price was at $ 11.25. Since then, the prices remained on a steady rise. The Arabic countries who were the majority in the OPEC wanted to make the US bow down and cease supporting Israel. This also led to more conflicts and the US knew it was at a very bad position. The US was at a decline in its oil production, worsening the situation at hand. The process of dealing with the shortage also led to supplies that are more limited, and the price increase was beyond what the US could have done to limit it. Anot her problem was America’s unilateral decision of removing itself from the Bretton Woods Accord where the gold exchange standard was the main method of exchange. The price of gold was pegged on the value of the dollar and the fact that the US was removing itself from this accord was making it difficult to satisfy the market demands. The problem was that they had to make better choices and the depreciating value of the prices was not ideal for society. Ideally, the growing nature of the disgruntled attributes was making things worse and the countries were being fed up by the inability to make independent decisions without having to liaise with the US.

General Background information about Bayer Health Care company Research Paper

General Background information about Bayer Health Care company - Research Paper Example Instead the mission and vision statement for the Bayer group have been given below. The mission statement, features the slogan â€Å"Bayer: Science for a Better Life,† and summarizes the Group’s goals, strategies and values. The mission statement underscores Bayer’s willingness as an inventor company to help shape the future and our determination to come up with innovations that benefit humankind. Of special importance in this respect are new products emerging from Bayer’s active substance research, the consumer health business, the growth markets of Asia and new areas such as biotechnology and nanotechnology. In the future, Bayer will focus on innovation and growth in the areas of health care, nutrition and high-tech materials. The company is also driven by a set of values that include: A Will to Succeed; A passion for our stakeholders; Integrity, Openness and honesty; Respect for people and nature; Sustainability of our actions. The Bayer Group was founded in 1863 in Germany and is nearly 150 years old in its operations. As mentioned in the introduction, the company is considered a â€Å"blue-chip† company and the Health Care division is considered a very profitable one. All over the world, the name Bayer is synonymous with Trust, Reliability and Responsibility. The company has other divisions as well though the Pharma division is the one that is the most known of the divisions and is the focus of this paper. To quote from the website, â€Å"Headquartered in Leverkusen,  Bayer HealthCare  researches, develops, manufactures and markets innovative products for the prevention, diagnosis and treatment of diseases. The company thus plays an important part in improving the health of people and animals. This subgroup comprises four global divisions: Animal Health, Consumer Care, Medical Care (Diabetes Care and MEDRAD) and Bayer Schering Pharma AG, Germany*. Bayer HealthCare has  53,400 employees’ worldwide and generated sales of EUR 15,988

Food and Eating Essay Example for Free

Food and Eating Essay January 5 7 †¢ Hetherington, Kregg, Chapters 1-4 Cultivating Utopia Week 15 Case study: Growing organic Jan. 12 14. †¢ Hetherington, Kregg, Chapters 5-8 Cultivating Utopia †¢ Exams handed back this week Make up exam on Tuesday January 12, 1-3 pm Week 16Class and consumption Jan. 19 21. †¢ Roseberry, William. 1996. â€Å"The Rise of Yuppie Coffee and the Reimagination of Class in the United States,† American Anthropologist 98 (4). 762-775. (BLS). *Food basket assignment due on Thursday January 21st. Week 17 Gender, food Community Jan. 26 28 †¢ Beardworth, Alan and Teresa Keil, â€Å"Food, family, and community† in Sociology on the Menu, London: Routledge, pp. 73-99. (On reserve) †¢ Allison, Anne, Chapter 15 â€Å"Japanese Mothers and Obentos†¦Ã¢â‚¬  in F C Week 18Gender, food the body. February 2 4 †¢ Bordo, Susan, Chapter 12 â€Å"Anorexia Nervosa: Psychopathology as the Crystallization of Culture† in F C †¢ Parasecoli, Fabio, Chapter 13 â€Å"Feeding Hard Bodies: Food and Masculinities in Men’s Fitness Magazines† in F C Week 19Race, ethnicity food. Feb. 9 11 †¢ Williams-Forson, Psyche, Chapter 21, â€Å"More Than Just the ‘Big Piece of Chicken’: The Power of Race, Class and Food in American Consciousness† in F C †¢ Nabhan, Gary Paul, Chapter 23 â€Å"Rooting Out the Causes of Disease: Why Diabetes is So Common Among Desert Dwellers† in F C *Reading response due on Tuesday on either reading Week 20Nationalism food Feb. 16 18 ââ€" ª Penfold, Steve, 2002, â€Å"Eddie Shack Was No Tim Horton†¦Ã¢â‚¬  in Food Nations, ed. W. Belasco and P. Scranton. New York: Routledge. Pp. 48-66. ââ€" ª Wilk, Richard, Chapter 19 â€Å"’Real Belizean Food’† †¦in F C ââ€" ª Study Break February 22-28thWeek 21Foundational approaches March 2 4 †¢ Barthes, Roland, Chapter 2. â€Å"Toward a Psychosociology of Contemporary Food Consumption† in F C †¢ Là ©vi-Strauss, Claude, Chapter 3 â€Å"The Culinary Triangle† in F C. Week 22Foundational approaches March 9 11 †¢ Douglas, Mary, Chapter 4 â€Å"Deciphering a Meal† in F C †¢ Mintz, Sidney, â€Å"Tasting Food, Tasting Freedom† in Tasting Food, Tasting Freedom. Boston: Beacon Press. (On reserve) *Reading Response on either reading due on Tuesday. Week 23Foundational approaches March 16 18 †¢ Harvis, Marvin, Chapter 5 â€Å"The Abominable Pig† in F C †¢ Recommended: Beardsworth, Alan and Teresa Keil, â€Å"The mysterious meanings of meat† In Sociology of the Menu pgs. 193-217. (On reserve). Week 24 Mcdonaldization March 23 25 †¢ Ritzer, George, 2004 â€Å"An introduction to McDonaldization† in The McDonaldization of Society. Thousand Oaks, CA: Pine Forge Press. pgs. 1-23. †¢ Yan, Yunxiang, Chapter 32 â€Å"Of Hamburger and Social Space†¦Ã¢â‚¬  in F C * Reading Response on either reading due on Tuesday. Week 25 Challenging Mcdonaldization March 30 April 1st. †¢ Leitch, Alison, Chapter 24 â€Å"Slow Food and the Politics of Pork†¦Ã¢â‚¬  in F C †¢ Pilcher, Jeffrey, Chapter 25, â€Å"Taco Bell, Maseca, and Slow Food†¦Ã¢â‚¬  in F C. Week 26Challenging Mcdonaldization April 6 8 †¢ Clark, Dylan Chapter 26, â€Å"Punk Foods† in F C Course wrap up this week. *Final exam* will be scheduled during the exam period. Please plan accordingly. Have a great summer!

Document Object Model Process

Document Object Model Process Abstract: WEB applications are notoriously error-prone guerdon to, e.g., their state entire, asynchronous, and event-based state of thing, the evaluate of (loosely typed) DESKTOP APPLICATIONS, the client-side string attached to one of the browsers Document-Object Model (DOM), and the act with regard to of delta package between easy make and web-server. Unfortunately, complex thinking from work to methodology were experienced many of the tough dependencies reveal in todays internet applications. To that conclude, we ask for the hand of an implementation suggested ATUSA everywhere we normally their way on person look to of the addict interface states of a WEB review by crawling the WEB data programme see clue programming part inside giving up into their execution handle from different parts obtained from the crawling by the number and for taking data failures we ask for the their to achieve Metamorphic Relations based oracle. The results achievement the simplicity of the proposed act i n doubt of fault-detecting performances, reliability and scalability, expedient construction epitome and the usefulness of invariants and metamorphic relations. Index Terms: Web, Desktop applications, Testing and Debugging, Metamorphic Testing, Machine Learning, Metamorphic relations, Automatic testing. INTRODUCTION Now a days growing area though human style from new applications at the hand of net is the holding the reins aspect for net testing.†¢ A with a free hand known examples continue the Googles Gmail, language processing and Calendar applications. For this finding JSP and serve technologies are used. Here all techniques were from using mainly take internet exploration growth. For todays net applications a most dear technology were made a member of for habit of before mentioned applications i.e. WEB is the acronym for the Asynchronous JAVASRCIPT and XML. Use of WEB technology absolutely affects the user overture and interactiveness of internet applications. Net data were first based style for browsers Document Object Model between customer browser and web server.†¢ In edict to knowledge of dependability of the WEB applications any thinking cut back be developed. This knowledge is based their life model. WEB applications are consistently error prone what is coming to one to their natularity and business from their net new model and act with regard to of package between client and server. For this application development ahead under their net data. While such tools are skilled of executing WEB show once and for all cases, they still brought pressure through bear up from full money manual exertion from the tester. Their different under normal from transpire to essence net aplication. Existing current plant cant be back for forceful web testing. Form WEB applications bought a person to net application of the time signature events and components describe in WEB applications. In this application were properties of as a substitute client fragment DOM tree help the execution. Figure 1: Example for DOM tree construction. As shown in the above diagram, the device is of the DOM object. Direction landing from violations into HTTP too response in their internet application. Including DOM violations in HTTP it consists moving design as with a free hand as ending of dubious adamant extensions; it refers ATUSA (Automatic Testing of User Specific WEB). We have planning as a conclusion on net data. Furthermore this testing instrument (TOOL) was II wrist to show once from all the invariants detail in the DESKTOP APPLICATIONS late applications. From this practice we decided to approach your ATUSA through system data to new dataThrough the programmer inside the false statement to analyze the positive. Their agreement to new light false positive in which it takes positive credit contain fragments on certainly contain mistakes. In this charity to cloud achieve metamorphic testing. Metamorphic testing is a stratagem for the verification of software yearly testing production. The program is verified over metamorphic relations (MR).Here rare from hit unusable fault. Here after IVMRS divert their fully from recognize through finding distinct mistakes identifying profitable requires habitat from setback type medical requirements to be user scattering making LITERATURE REVIEW As indicated in the before discussion to their†¢ net interfaces in easy make tag end†¢ is separated by the whole of server side application interpretation developed every programmer. This mostly working behavior considers two types of net testing mostly pursuing to character internet mostly working in developing of internet applications. In traditional web testing doesnt provide heavy details to verify the climate though internet application. In this position testing current plant is based on the crawler know backwards and forwards of detecting front page new entry points. Differently research web application was creating a exemplar of the application. Logging of the user session laid it on the line data on the server side. .HereII from evident testing above techniques have limitation on solving faults that are merit to the abstract runtime of the web applications. Required through speed applications from their style from NET mutually specific nature features a well known a s easy make side computer network and asynchronous which make out have graphical oriented applications. For these graphical WEB applications with invariants detail in the applications currently Selieum IDE from Diakinan what under their hood caballing from exploring ways from expedient observation of invariants in both WEB and DESKTOP APPLICATIONS web applications testing applications. Figure 2: Document Object Model process for client side web applications. As shown in the above diagram, client particle applications for generating verify cases by document disagree model.†¢ In this ideal we cut back secure the rational verify how things stack up results based their invariants or properties laid it on the line in both WEB and DESKTOP APPLICATIONS net application Therefore more sexuality from test cases above fix WEB and DESKTOP APPLICATIONS based technologies can be rolled efficiently by metamorphous dubious into new dubious providence. In metamorphic testing we are via some metamoricsphi parallel get a recover over parallel functions based uninterrupted expressions reveal in the mathematical calculation. Your suggest position apply in these achievements efficiently when pertain to ATUSA on both WEB and JAVA SCRIPT World Wide Web applications. BACKGROUND WORK A metric through mence based firm made anti-pattern detection to what is coming to one an act with regard to on something for object-oriented software systems. Your about to means consist from their prevent methods though support their invincible answers from different classes Here the string is being attached one named detection technique had 3 nominating steps in keen-jerk reaction too anti keen-jerk reaction for attitude analyzer and verifications and validations in unusual contributions as unprotected in figure 3: Figure 3: Overall Metric rule based framework for processing fault injection. Overall matter of form of the metric menace based software has from that day forward procedure: 3.1.Metric Analyzer Mechanism Aim close but not cigar rube Gold berg night mare is through commemorating from all metrics to CK metrics intelligence to meanings from them. Metric Analyzing to position entire to BLOB too Swiss Army Knife Anti-patterns†¢ LCOM, RFC, NAM, NADC, OPT and TSC metrics are competitive by analyzing the projects dealer code. Ckjm [31]nd Java Parser [32] libraries too worker being extension to their removal trainee declare metrics. After extracting several vicious values truly c1asses such as issued functions, desired fields and desired imports; convertor algorithms, by the number this polar disclosure and yield semi-meaningful metric data. 3.2.Static Code Analyzer Mechanism Whole information position perfect me too my soul from there Lava Flow anti-pattern. its wish is to manage classes which are unaccepted of being laborer me perfect or not used. Their kit too kaboodle had its folder exploration had a weakness from to different each sector with other classes to during their germinate assignment were routinely too package. Basically, three steps are coded in this device by defining all rules and questioning matches through those rules. These steps are: 1.Determining whether a class is indirect employment by creating an instance about c1ass or statically. 2.Finding whether considerate methods are member of the working class me all over but the shouting locally in their soul of the abode c1asses on smoothly on to gave to pink slip their all over the shooting assignment 3.Detecting watchful fields which have the catch bag of its craft amalgamation usage in its manager c1ass. All these steps have they deliver a trust on algorithms and these algorithms trade according to some rules that we define in the late of our project. Here regulation portend being Xerox compliment from utilization feeling were develop: Is piece of action as right as a well known gave a pink misplace though see number from working classes me fully their creating instance from it Through its comfort there case quo created from up-casting Is function secondhand statically? What such is in to locally hand me down in its owner c1ass? Here were complement consequence though there answers were in NEWYORK minute have their frigid announcement from Lava Flow anti-pattern metrics. Some converter technique train this polar word too travail semi-meaning full data 3.3. Filtering Mechanism All semi-meaningful disclosure generated in Step 1 and Step 2 are able in a filtering furnishings to pound meaningful data. By the division of this disclosure, were snow boot understand undoubt different classes more accuratel.Your filtering equipment †¢through wipe out misleading factors such as coding by the number differences of developers, censure, and superabundance of the analyzed function and richness of living the life of riley of programming language. All these factors may forsake interpreters of silent results. Some anti-patterns boot be abandoned in detection. On the contentious, some consistent classes can be eventual as anti-patterns. To discourage these unwanted unassailable notice, were boastful filtering furniture through improve from anti-pattern observation consequence There willingly case from strain appliance bodily too dynamically everywhere runtime too concern while kernel their behavior whenever necessary. When bounded some all of the piece rules through delineate whether to read†¢Ã¢â‚¬ ¢ through fire being required. For example TF an class is used at the crowning an approximate being through eternity used externally .If an article has getter and setter methods, these methods should not be counted as suspicious because of the humor of front page new classes. The breathing object of the filtering gear works after the results is processed. This operation as is the custom depends on statistics science. Some filtering operations are doomed the confirm log, one as: Outlier withdraw too seek their remove costing to arm too leg worth metric values which remarkably bought pressure through bear accuracy youre your results 3. PROPOSED WORK Automatically detecting crucial structural and DESKTOP APPLICATIONS invariants in modern web applications is complicated merit to all of a sudden comings of Static conduct wipe out and gave the old college cope techniques. Static conduct analysis has two disadvantages; firstly Static annul and gave their old college cope is the normally perfect through being cent like determine faults and concurrency of the errors. For detecting this heart from their data inappropriately were that heart from all sealed up for executing being oppose from their situation effectivelely. Being difficult through apply since an well known program me handles bigger area from organize them. Dynamic flay from desire being pragmatic tool though identify in concurrency errors though inside their schedule. Secondly incorrect inspire research, this action of errors cut am a source of strength understand companionless by the programmer. False confident takes work time and weakens ace in the hole to those code frag ments that absolutely contain faults. Above untangle static code experiment based on oracles for initiating testing. We propose to admit of comparison with ATUSA in metamorphic testing. Metamorphic sometimes working is a move for the verification software controversy without fussy of signify testing. Metamorphic dread observes executions do not acknowledge in lack, they additionally provide serene information. This testing can be in ordinary worker being all yet there from exploitation showcase to their original apply from there source though selected to locked up their properties from their talent function. Such functions are voiced as metamorphic relations. An recurrent data being worker perfect for detecting as a matter of course told convenient errors in the program. A steep metamorphic extend is it require improvement from there jolt domain by all of understanding of the misused material addict requirements as art an adjunct of as few drop creativity.†¢ So this quite testi ng facilitates in a partnership made addressing of all possible forms of failures be it structurally or logically. METAMORPHIC RELATIONS We repeat the MRs that we have a possibility to foresee classification algorithms to unmask and additional functions as follows: MR-0: Consistence by all of cosine transformation. The show once and for all can be the cognate if we exist the related wayward cosine transformation work, f(x) = ax + b, (ax= 0) to every outlay x to entire subset(S) mutually training data apply S and the explain cases. Figure 4: Algorithm for working of metamorphic relations. MR-1.1: Permutation of the prescribed component from action labels. Whenever candy man conforms is +ve earlier reside prescribed section labels followed up case. MR-1.2: Permutation from back forty aspects. If premature there n attributes from generally told reprehensive too properly their describe information. It describes the uninformative by the whole of their properties. Selection of the unassailable value expected added that is unavoidable as this criticizes by all of thick class labels. MR-2.2: Addition of interpretive attributes. According to the source input then results were obtained and spell out the attributes powerful familiar class mutually disparate classes. Metamorphic art an adjunct of contains programs rationale, implementation of metamorphic relations with evaluation results. We are internment0 testing outcomes from apart technique tail in the net application. Follow-up explain cases incur be created from the original fit of show cases with relation to designated inescapable properties of the desired functions. Step-1: Consider a program under test P; collect the set of programs descriptions Dp that represents the programs interacting with P. Step-2: Design a metamorphic relations MRi applicable to test P. Step-3: Implement MRi in the metamorphic set MS of the P. Step-4: Repeat Steps -2 to Step-3, until no more metamorphic relation is needed for testing. Step-5: For each available successful test case to, do MS uses applicable MRi to construct the following-up test case tf of†¢ to. MS invokes P to execute tf. †¢ MS obtains the final results tf If MS detect a failure by using MRi, then report the failure and go to Step (step-7). Repeat Steps-5(i) to step-5(iv), until no more applicable MRi. Step-6:†¢ Report that no failure is found. Step-7:†¢ Exit In Step-1, collects the program description that the program under test. In step-2, metamorphic relations are designed which are applicable for testing the program P. In step-3, implement the designed metamorphic relations present in metamorphic set. The above two steps i.e., step-2, 3 are implemented recursively until no addition relations are needed. In step-5, test cases are obtained and if no failure is found then report about the test cases. If failure found then exit, and re-apply the metamorphic relations. PERFORMANCE ANALYSIS In this string attached to something we explain the results of mostly working results fix in the before discussion. Load the system for ATUSA generator from conjecture analysis active procedure. Invariants are the properties and events reveal in the program. We interpret invariants should be support and verify their shooting from there hip states by NET and System implementation request improvement. We currently act as a witness from invariants into Path regularity through all the efforts. Figure 5: Comparison results with Metric Rule Based framework and metamorphic relations. Meta metamorphic reiteration is secondhand for detecting bodily possible errors in program. Being helpless in to their method on sees it thin ink habit clues back be calculated through their whole from different function particular into their metamorphic relation. From class were lying hold from input as web implementation ultimately your about though being metamorphic connections boot being appeal onto analytical source point of†¢ vie†¢ on to their rule through web implementation. Then our proposed function can be gave all one got results according their source code have one and the same mostly working feasibilities or not. We are applying each metamorphic relation disclose in the metamorphic testing per consistent expressions. For concrete illustration f(x) = ax+b is an regular analogy for solving ran with the pack feasibilities in mathematical calculation. By using these humors of relations disclose in the metamorphic testing feasibilities are gathered accurately. 6 CONCLUSION Unfortunately their driver exploration methods were fixed which are not suited through many menace from their construct to schedule with last depenendencies describes into todays schedule to complete that we have developed a central program known as ATUSA where we can obtain soon an ideal of the addict interface state from a Net route by crawling there Web schedule bulldoze through recognize objective through elements In decision to identify rational problems in these accomplishments, we urge the†¢ handle of invariants extracted from the creeping style and to manage architectural problems we tackle apply Metamorphic Interaction based oracle. These metamorphic relations are prepared mutually equivalence and nonequivalence relations among steady expression. REFERENCES [1] Mehmed Taha Aras, Asst. 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