Students Should Not Be Allowed to Bring Handphones to School free essay sample

In this modern era, hand phones have already been the usual needs in our daily life. Hand phones are created to make human communication easier. Besides, hand phones nowadays are equipped with a number of useful features to improve our knowledge and social life or to entertain certain people with its multimedia functions. In my opinion, this kind of technology has its disadvantages for students if they bring it to school. Then, what are the negative impacts for their learning process? As we know, hand phones have many multimedia functions, such as music and video player, games, and also internet connections. In fact, students become addicted to play games simultaneously while studying at school. Some of them also chat with their friends on Blackberry Messenger and Yahoo Messenger. They are more interested in reading what happened outside on Twitter or Facebook than listening to their teacher explaining how the world works. We will write a custom essay sample on Students Should Not Be Allowed to Bring Handphones to School or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are also some students who share inappropriate contents to their friends. These will bring down their concentration and mental development. Of course those negative things will affect their school and social life. When the students are studying at school, they are easily engaged with the received calls and SMS from their friends. Hand phones are also several scientific functions like calculator and converter, but students become dependent on these features. If they have to calculate mathematics and physics formulas, they just use their hand phones to get the answers. If they do this continuously, their intelligence development will be delayed. Even worse, some students who are afraid of failure in examination will use their hand phones to find the answers on the internet and share the answers to their friends. It is caused by the wrong conception of using hand phones. By using every â€Å"useful† feature on their hand phones, students tend to be lazy, so that they will forget their tasks and duties as a student. Is it enough to make a rule that students should not be allowed to bring hand phones to school? Alright, students will ask their parents to get new hand phones every month and this leads to waste of money. We have to realize that not everyone can buy hand phones. Bringing hand phones to school can also provoke crimes. It is caused by the social inequality between the students. Students who cannot get hand phones from their parents will do anything to have hand phones includes stealing. In conclusion, I would like to say that bringing hand phones to school has a  number of disadvantages, such as bringing down their concentration during learning process, making students dependent on their hand phones, causing students forget their tasks and duties, and leading to crime activities like stealing and cheating. For the information needs, school provides computer laboratory with e-learning facilities, such as e-books and internet. For the communication needs between the students and their parents, school provides free telephones in teacher room or security room. Furthermore, social environment is the most important thing in creating students’ motivation to study. When a student socializes with friends who like studying, of course they will be motivated to study. In contrast, if a student interacts with friends who do not like studying and just play all the time, then they will be spoilt and lazy students. Hand phones are built to make human communication easier, not to make people lazy. The newest features on hand phones are not useless. We can get many beneficial things from them like improving our knowledge and making us keep in touch with our families and colleagues, so that please use your hand phones wisely.

Individual Journal Entry The WritePass Journal

Individual Journal Entry Introduction: Individual Journal Entry ). Hence, while both generic protection strategies and legal protection strategies provide cover for a firm who is aiming to keep an idea or concept within their own realm, they are not always reliable. While legal protection may be an automatic right or a paid right as in the form of a patent, it does no guarantee that imitation will be prevented. It only means that the legal right holder has the ability to press charges on a firm who violates their right. This, however, does not eliminate all the loss incurred to the firm because of the infringement. Hence, protecting intellectual property in the contemporary world is a rather difficult ordeal (Simcoe et al, 2009).   Lecture 6:   Innovation and Entrepreneurship Innovation and entrepreneurship are two connected concepts which survive with one another.   When an individual comes up with an innovative idea and seeks to find a market for it, the individual becomes an entrepreneur.   There are various reasons for an individual to choose to become an entrepreneur as there are several benefits of becoming an entrepreneur. However, there may also be numerous reasons an individual may not choose to be an entrepreneur. The role of an entrepreneur is not easy and is highly self-sufficient. Thus, everybody does not possess the characteristics necessary for this role (Wang et al, 2012). An entrepreneur is a person that comes up with an innovative idea and begins a business with it. The entrepreneur is the bearer of all risks and is the owner of the business. In many cases, the entrepreneur may also be the manager of the business or the sole person running the business. However, in many large organizations, entrepreneurs hire additional staff to help facilitate the working process. Nevertheless, there are certain skills required in an entrepreneur in order for the business to be successful. An entrepreneur must be decisive, creative, patient, possess managerial skills, coordinated, and analytical. Moreover, an entrepreneur must be able to face challenges and act quickly in critical situations. Thus, the role of an entrepreneur is highly important and carries high degrees of risk. Many people do not feel that they can deal with such high levels of risk and stress ( Guiso Shivardi, 2011). UK statistics show certain entrepreneurial trends which show that men are two times more likely to become entrepreneurs than women and people in the age range of 35-44 show the highest amounts of entrepreneurial activity. Moreover, the educated class or graduates are more likely to indulge in entrepreneurial activity rather than non-graduates. People who have previously been employed are more likely to indulge in such activity. Also, people who are in the top-third spectrum of the income distribution are three times more likely to begin a business rather than those in the bottom half of the income distribution chart (Sogner Fritsch, 2013). Such characteristics show that entrepreneurship is probably considered a rather intense ordeal as women do not indulge in such activity as much as men. It also shows that entrepreneurial activity requires experience as people in the older age brackets of 35-44 indulge in entrepreneurial activity more than other age groups. Moreover, knowledge and education also helps in entrepreneurial activity which may be a reason why more graduates choose to pursue it rather than non-graduates. Lastly, entrepreneurial activity requires investment and money which may be a reason people in the top spectrum of the income chart are more likely to indulge in entrepreneurial activity rather than lower income groups (Clerq et al, 2012). Thus, it is obvious that entrepreneurship requires a variety of skills and resources. However, there are five characteristics which may influence an individual’s decision to become an entrepreneur. The first characteristic is the need for achievement as engaging in entrepreneurial activity is highly rewarding if success is attained. The second characteristic is the locus of control as some individual’s may want to be in full control of their activity and may not want to share authority with anyone or give anyone authority on themselves. Thus, engaging in entrepreneurial activity enables them to maintain the locus of control (Magri, 2011). The third characteristic is the desire for autonomy as some individuals may prefer to be the sole decision makers and may not feel comfortable working in teams.   Hence, some individuals have the desire for autonomy and thus find entrepreneurial activity as the most suitable option. Some individuals prefer self-efficacy in which they prefer to rely on their own performance rather than the performance of any other person and choose to be self-reliant. Such individuals are also more likely to engage in entrepreneurial activity. The last characteristic is related to innovation as some individuals are highly innovative and prefer to reap profits from their innovative abilities rather than use their skills for another firm. The benefits of entrepreneurial activity include reaping all profits made and amounting to unlimited earnings if the business is a success. Examples such as Mark Zuckerburg, Michael Dell, and Bill Gates illustrate how unlimited profits can be made through innovative ideas. Moreover, entrepreneurial activity allows a person to be their own boss and explore their creative abilities. It also enables a person to design their own job description and pursue a path that is of interest to them. However, there are also certain aspects which cause an individual to choose not to be an entrepreneur (Banon et al, 2011). As entrepreneurs carry all the risk, there are high chances of losing investment and incurring losses. Moreover, it is difficult to attain such amounts of money and raising capital can be a highly time-consuming and stressful job. Entrepreneurs also go through a lot of stress and there is no guarantee of income. There may be times when no income is made. Hence, many people do not possess the characteristics to be able to handle this situation (Zheng et al, 2010). I would choose to be an entrepreneur because it would be a form of self-testing my abilities and being able to solely reap the profits of my success. Unlimited reward is an attractive feature of entrepreneurship, yet I would choose not to be an entrepreneur because of the high possibility of incurring losses as well. Moreover, the autonomy available to entrepreneurs is highly attractive, yet the stress of making wrong decisions can also prove to be highly hazardous. Thus, I would choose not to be an entrepreneur if the risk was high and the industry was highly competitive . Therefore, it is obvious that entrepreneurship is not adequate for everyone but is a highly attractive option for those that possess the required characteristics and have an innovative idea to market.   Hence, entrepreneurship carries its merits and de-merits and the success of the entrepreneur is not only dependent upon his/her own abilities but also depends upon the idea of the entrepreneur.   Choosing whether or not to become an entrepreneur can be a long drawn process in which several aspects are considered and is a personal choice which may vary from person to person. I personally would choose to be an entrepreneur if I had an innovative idea which I knew had high chances of success. Lecture 7: Innovation in Large Organizations Large organizations that attempt to innovate must have supporting organizational structures and organizational cultures that facilitate open communication, maximum interaction, and the exchange of ideas in order to continuously improve previous concepts. However, if the organizational culture and structure do not support innovation and are rather rigid, then it would be difficult for an organization to pursue such goals. Innovation requires brainstorming, open exchange of ideas, and a relaxed organizational culture which promotes the value of innovation. Hence, large organizations must ensure that their systems are designed in order to promote and pursue such values such as open communication, innovation, and a supportive organizational culture as some organizations may find it difficult to change their structure and culture further in their production processes (Zhang et al, 2010). The effectiveness of organizational structure is dependent upon a number of factors which includes the leadership style and philosophy, the organizational culture, internal and external relationships, and processes that facilitate information sharing and decision-making. Thus, these factors must support the notion of innovation within an organization. There are five different types of structures which include functional, multidivisional, matrix, project-based, and a corporate venture (Valencia et al, 2011). The functionalist structure connects the CEO to all departments, reduces complexity and simplifies control mechanisms, defines clear responsibilities, and there are specialists at senior and management levels. However, the functionalist structure reinforces hierarchical structure, causes an overburden to senior staff members,   may be a cause to neglect strategic issues, and makes it difficult to cope with geographical and product diversity. Hence, the functional structure is not highly supportive of innovation as it is no highly customer-oriented and does not facilitate maximum communication between departments. However, the multi-divisional structure is more customer-focused, flexible and alterable, is controllable by performance, and is specialized by competences.   Hence, as each department is highly competitive and focused upon customer needs, this type of organizational structure encourages and promotes innovation more than the functional structure. The matrix structure is another organizational structure which facilitates many departments and allows flexibility, minimizes resource requirements, is customer focused, and facilitates integrated knowledge. Although this structure increases the potential of conflict, ambiguity, and increases the time taken to make decisions, it does allow for cooperation between departments and minimizes costs. However, this may not be the ideal structure to promote innovation. The project-based structure focuses upon a single project per department and is very focused and specialized in its particular area of focus. However, this type of structure only l asts a limited amount of time and prevents interaction throughout the organization. Hence, this type of structure is also not ideally suitable for innovation. The corporate venture creates organizational entities that reside in or outside an existing corporation and infuse entrepreneurial activities in independent entrepreneurial firms. This enables motivation of employees, transparency in the system, and mobilization of the reputation of the brand or the company. This system promotes innovation as it promotes entrepreneurial activities (Valencia et al, 2011). Organizational culture consists of the assumptions, beliefs, and the values that are shared and practiced by all members of an organization. These assumptions, beliefs, and values define an organization and the environment it operates in. Organizational culture facilitates communication within and outside the organization and is very difficult to change once an organization establishes a certain organizational culture.   The organizational culture may include components of the societal or national culture an organization is physically situated in, the leadership and management style of the leader of the organization, and the nature of the business that the organization conducts (Menguc Auh, 2010). An organizational culture which promotes innovation has open communication between employees and managers and usually has a highly interactive and informal organizational culture. Participation in various activities and delegating authority to employees of lower ranks is highly encouraged as organizations must facilitate the exchange of ideas and information. Employees are openly allowed to make choices and decisions in order to devise new strategies and form new ideas for the benefit of the organization.   However, organizational culture is very hard to change once it is established in an organization. Attempts to transform organizational culture fail because as there are eight distinct phases of change, skipping a stage may lead to failure. Making critical mistakes in any stage may also lead to failure and even the most capable people tend to make errors. Changing organizational culture takes time and effort and it is not easy for managers to incorporate the new organizational cu lture within employees in a short period of time (Menguc Auh, 2010). Lacking a vision, improper planning, lack of communication, and not anchoring changes in the corporation’s culture are also causes to the failure of implementing a new organizational culture. Hence, it is highly essential for firms to implement an innovative organizational culture from the initial stages of being in business rather than attempting to change it at later stages (Fiedler Welp, 2010). Promoting innovative values within employees and encouraging or valuing their opinion can prove to be beneficial for a firm favoring innovation. Aiming to change organizational culture at later stages can prove to be hazardous and confusing for employees as they may lose their sense of direction. Thus, the firm may suffer in terms of employee performance and motivation levels may also fail as employees are forced to adopt a new way of behaving in an organization. Large organizations who wish to pursue innovation must ensure that they incorporate this value in their organizational st ructure from the beginning (Linnenleuke Griffiths, 2010). Hence, it is obvious that innovation is a value that needs to be incorporated and facilitated by a firm’s organizational culture and organizational structure. Open communication, exchange of ideas, and delegation of authority are characteristics which help promote innovation within organizations. An informal and interactive organizational culture and organizational structures such as the corporate venture, matrix organizational structure, and multi-divisional organizational structure support innovative activities. Hence, large organizations who wish to innovate must design their business environments accordingly (Mahmoudselahi et al, 2012). Conclusion: The discussion on lectures 5, 6, and 7 shows that there are various aspects for an entrepreneur to consider and each aspect has positive and negative consequences. If an organization has to protect their intellectual property, they can do so through application of generic or law protection while both may not be permanently effective. There are certain characteristics that are needed within an individual in order for the individual to become an entrepreneur, while others may not prefer to be an entrepreneur because of the high levels of risk involved. Organizational culture and structure are important concepts that must be embedded into an organization to promote the value of innovation, as they are very difficult to change at later stages.   References Banon, A., Sanchez, A. Vivaracho, P. (2011) â€Å"The decision to become an entrepreneur: a cognitive perspective. â€Å" A Shift to the Entrepreneurial Society : A Built Economy in Education. Edward Elgar Publishing. Branstetter, L., Fisman, R., Foley, C., Saggi, K. (2011) â€Å"Does Intellectual Property Rights Reform Spur Industrial Development†.   Journal of International Economics. Vol. 83:1 pp. 27-36 Clercq, D., Honig, B., Martin, B. (2012) â€Å"The roles of learning orientation and passion for work in the formation of entrepreneurial intention†. International Small Business Journal. Davis, TM. (2008) â€Å"International Intellectual Property Rights: Effectiveness of Incentives for Enforcement†. Ball State University Department of Physical Science. Dinopolous, E. Segerstorm, P. (2010) â€Å"Intellectual property rights, Multinational firms, and Economic Growth†. Journal of Development Economics. Vol. 92:1 pp. 13-27 Fiedler, M. Welp, I. (2010) â€Å" How do Organizations Remember? The Influence of Organizational Structure on Organizational Memory†. Organization Studies. Vol. 31:4 pp.381-407 Guiso, L. Schivardi, F. (2011) â€Å"What Determines Entrepreneurial Clusters?†. Journal of the European Economic Association. Vol. 9:1 pp. 61-86 Kim, Y., Lee, K., Park, W., Choo, K. (2012) â€Å"Appropriate Intellectual Property Protection and Economic Growth in Countries a Different levels of Development.† Research Policy. Vol. 41: 2 pp. 358-375 Klein, MW. (2010) â€Å"Ten Years After Managed Professionals : Who Owns Intellectual Property Now?†. Journal of Collective Bargaining in the Academy. Vol. 2:2 Linnenlueke, M. Griffiths, A. ( 2010) â€Å" Corporate Sustainability and Organizational Culture†. Journal of World Business. Vol. 45:4 pp. 357-366 Magri, S. ( 2011) â€Å" Household Wealth and Entrepreneurship: Is There a Link?† Midwest Finance Association 2012 Annual Meetings Paper. [online] Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1925361 Mahmoudsalehi, M., Moradkhannejad, R. Safari, K. (2012) â€Å"How Knowledge Management is Affected by organizational Structure†. Learning Organization. Vol. 19:6 pp.518-528 Menguc, B. Auh, S. (2010) â€Å"Development and Return on Execution of Product Innovation Capabiilities: The role of organizational structure†. Industrial Marketing Management. Vol. 39:5 pp. 820- 831 Simcoe, T., Graham, S., Feldman, M. (2009) â€Å"Competing on Standards: Entrepreneurship, Intellectual Property, and Platform Technologies.† Journal of Economics Management Strategy. Vol. 18:3 pp. 775-816 Sorgner, A. Fritsch, M. (2013) â€Å"Occupational Choice and Self-Employment-Are They Related?†. [online] Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2205034 Valencia, J., Jimenz, D., Valle, R. (2011) â€Å"Innovation or Imitation: The role of Organizational Culture.† Emerald, 49. Wang, C., Wang, N., Yang, J. (2012) â€Å"A Unified Model of Entrepreneurship Dynamics.† Journal   of Financial Economics.   Vol. 106:1 pp. 1-23 Zheng, W., Yang, B. McLean, B. (2010) â€Å"Linking organizational culture, structure, strategy, and organizational effectiveness: Mediating role of knowledge management†. Journal of Business Research. Vol. 63: 7 pp.763-771

Linux can help you

Linux can help you Reasons Linux Can Help You Become a Better Student It’s time for the school calendar year to kick off and may high school and university students around the world certainly have loads of thoughts about what awaits them. The thought of classes’ every day, home works, tests, seminars and so much more. However ease on the worry as we are about to show you ways how Linux can make your study year easy. We do know that apps can be of great assistance and giving us a great school experience.   Have you considered adding an operating system that can make the difference? Most people are stuck with Windows and others are lovers of Mac OS X, well its time you try Linux, and see how great it will improve your learning year. Save Money on a New OS or Laptop Take a look at the market value of recent Window computers and Mac OS, it is clear that it will cost you a few hundred dollars for the windows and for the cheapest Mac you be set back at least a thousand bucks. Linux is free and can help you manage your budget effectively. Linux offers you a fully functional OS for free and there are free many apps that you can add to give you a nice browsing experience. Get a computer, OS, and apps for less amount of money which means you have more money for books and other necessary things required. It’s Easy to Use Linux have been degraded by so many lies and wrong information from people who know nothing about Linux. First they say it’s not user friendly and its all about the command line. In fact, you don’t need to touch the terminal in daily use and I can tell you that most of Linux distributions actually do rival Windows and OS X in visual appeal and friendliness. You can simply install basic software like LibreOffice and enjoy your surfing without any hitch of any kind. The old tales of Linux being a scary OS is in the past and everything have changed in recent years. It’s a common knowledge of the problems Windows pose with the latest being the troubleshooting problems with updates. For students time is very valuable and with Linux you do not have to deal with crazy problems like this. Improve Your Problem-Solving Skills Well like any other OS on your first attempt you definitely will spend some time learning some basic parameters and also availing yourself some basic problem solving techniques. Perfect skills for new students to have! Learning is a very interesting process and always not easy at the very beginning. So, if you looking to dive a little deeper into Linux, you will face some issues at the beginning but it’s ok! Learning about the Linux OS and comparing it to other well know OS out in the market will provide a more grounded base for you and this knowledge can be of great help within the school and outside environment. There are certain questions you will come to find answers to that will set you apart from your peers. Question like what are those folders in Linux Root Directory? Add to Your Geek Credentials Windows provide a wide range of base to cover if you chose to study it but if you want to be a certified geek, then you need to learn Linux. Doesn’t matter, if you are not in a computer related major! Learning about Linux is like visiting the core history of computing. Because you will touch on the branch of Unix which happen to be an earlier version. There is a huge community online that can help you with any information or questions. Learning Linux will open you up to the terminal. You will feel different when you are able to joggle through a bunch of operation using the command line. With some practice, you soon on your way to creating files and folders, installing software, and running system tools all with just a few keystrokes. This knowledge usually do not come in classrooms these days. Customize it to Your Needs No matter what your field of study is Linux is totally customizable to show your needs. So you can have complete control on how Linux looks. Linux offers loads of options for anyone wanting to tweak their OS. You can also create your own distro, burn it to a disc and install. I guess you must have find yourself in a situation where Windows refuse to allow you make some changes to some of its setting this also happens in Mac OS. So Linux definitely is what you need if you want to tweak your operating system to be just a certain way. With Linux your computer becomes a tool for help, with precise settings, software and setup you are sure to be a success. If you do not like one thing about Linux you can change it and then learn a new thing in the process.

Reflection Essay Example | Topics and Well Written Essays - 1250 words

Reflection - Essay Example Brief Overview of your Leaflet The leaflet highlights many aspects that seek to enlighten both students and parents on the available resources for improving the experience of year six students. The introductory part of the leaflet highlights the driving force of Sunnyfields which is the fact that each student has an intrinsic capacity inherent since birth and requires nurturing for them to utilize their potential to the maximum level. However, the school environment lacks the potential of providing sufficient resources for children to nurture all their talents. The focus of Sunnyfields is year 6 students who are in their final year of studies. As the leaflet highlights, year six students require advanced preparation for the next level of studies. They face a surging pressure of succeeding in their statutory assessment tests (SATs). Sunnyfields realized that schools focused on motivating other students for these exams taken in May while assuming the surging need for year 6 students to receive worthwhile encouragement and assistance in preparation for these critical tests that reflect the ability of students. Sunnyfields comes in to offer students an opportunity to prepare adequately for the SATs. The program of preparing students for these examinations usually factor in multiple considerations to ensure that each student receives a lot of attention. On the other hand, Sunnyfields provides platforms for year 6 students to develop a diverse range of skills and have fun. There is a range of clubs and groups that focus on different interests of the students. Through registration, students can have the opportunity of developing indispensable skills as well as having thrilling experiences alongside their friends. Moreover, year 6 students can register for a breakfast program that focuses on offering students with a nutritious diet that presents them with all the nutritional requirements for maximizing their learning experience. The objectives of Sunnyfields are in lin e with the theory developed by Piaget that schemata are critical in the development of children. Through these mental orders, children exhibit the capacity of learning new skills. Aspects of Learning and Teaching The most critical aspect of learning offered by the Sunnyfields is the program that seeks to provide students with an opportunity of familiarizing themselves with the new format for the statutory assessment programs. The program offers sessions on Monday, Wednesday, and Friday for about ten students to meet in the library with access to multiple resources for their tuition classes. The limited number of students helps the students to receive personalized help from the qualified staff who exhibit expertise and awareness of the new aspects tested in the SATs as evident in the Chace Community Schoolwebsite. The sessions equip students with adequate knowledge and information enabling them to excel in their exams.During these sessions, students can pose any question or concern a nd receive assistance. Through the assimilation process defined by Piaget, children are able to apply the information gained to solve new sets of problems in their exams. In addition, a diverse learning opportunity is the science club that offers students with the required empowerment to become outstanding scientists. The club offers students with scientific interest to build a strong foundation for their future careers. Moreover, students have an opportunity to develop film

Incentive Effects Of Stock Purchase Plans Case Study

Incentive Effects Of Stock Purchase Plans - Case Study Example The study proved that equity-based compensation plans tend to have a more positive impact on shareholder wealth; one of the primary reasons behind adopted these compensation schemes is to ensure that managerial and shareholder interests are in sync and equity ownership boosts key execuctives more than sub ordinate employees. Smitt and Watt claimed in this study that equity based compensation schemes will trigger top employees more than the lower level employees. The hypothesis is proved using identified plans in the study. The stock purchase plans that were meant were key executives guaranteed greater returns compared to other adjusted returns. The result thus vaguely support the Smith-Watts suggestion. For instance, the IRS 423 plan which was meant for the employees within the organization gave a zero reaction on the announcement date. Article 2: The impact of Long range Managerial Plans on Shareholder wealth by James A Brickley Economists have often voiced out the economic importan ce of different types of managerial compensation schemes. However there are certain groups, for instance shareholder advocate groups who are against managerial compensation contracts. These groups insist that some plans are advantageous for managers at the expense of other shareholders. This means that while they may prove worthy for managers, they put the interest of shareholders at stake. Moreover, very little research has been conducted on this subject. There is insufficient literature out there to draw inferences from as well. The effect of various managerial plans on shareholder wealth is an empirically important issue. This study attempts to look into this issue more comprehensively and empircally. This study throws insight on the stock price reaction when there was on announcement regarding changes in long term managerial compensation packages. It is a comprehensive study undertaken by James A Brickley. The study presented evidences proving that most change plans are welcomed with positive market reaction. This is because at the end of the day, they increase shareholder wealth. The study is unable to mark comparisons between different types of market reactions to different types of compensation schemes. The difference could not be nailed in this study. The result supports the nation that every firm has it’s own set of managerial compensation requirement and every firm treats it different. Thus, there is no compensation package that is better than the other one. The profitability and feasibility of every compensation plan depends on the organization. A cross sectional analysis was done to prove the afforementioned notion. Article 3: The Modigilani Millar Propositions after 30 years by Merton H. Miller This article was published in the Journal of Economic Perspective. The journal was published on the 30th anniversary of the Modigilan-Millar propositions regarding the cost of capital, finance and the theory of investment. The article was published i n the American Economic Review of June 1958. This article throws insight into the kind of significance these propositions hold today ; to what extent have they impacted the financial models of today, what reforms did they arouse, where do these propositions stand today and how have they progressed after almost three decades of intense scrutiny , rancor debates etc. Most of these controversies can be thought off as settled today, thanks to all the research done in

Web or Mobile Application Essay Example for Free

Web or Mobile Application Essay JP Morgan Chase Mobile Bank application is one of the most important applications I have in my iPhone. Chase has created a new way of banking with their application. It is user friendly, it offers amazing capabilities, it is a time and money saver, and it has room for improvement. Chase has brought banking into our hands. The purpose of the application is to make banking for their customers stress-free. With this application customers can deposit checks from their iPhone, iPad, iPod touch, Android, Kindle Fire, and Windows Phone. All they do is input the amount of the check, take a front and back picture of the check and click submit. Customers can also view their banking and credit card balances and transaction history. Customers can transfer money between Chase and non-Chase accounts, in different ways. They offer Transfer Money, Wire Transfer, and Chase QuickPay. I just used the QuickPay feature today. My little sister bought my tickets to Lollapalooza so I paid her back through QuickPay. In order for the money to get deposit to her account, we both have to enrolled in the Person-to-Person QuickPay. Once we both signed up, I type her e-mail or phone number and the amount to transfer and submit it. Once sent, she approves the transaction, and it is complete. I am also able to pay bills with the application. This feature is truly helpful; I set up reminders on my phone to remind me of when my payments are due. When my reminder goes off, at that moment I log in to my Chase application and make the payment on the spot. I do not have to wait to get home because if I do I would forget to make it and I am charge with the late fees. Another capability is being able to find the closest branch or ATM near me. All this is possible with a smartphone and a tablet. The Chase bank application is a time and money saver. I was in the Army and I had been station in places where Chase branches or ATMs are not close to me. Right now, I live in Copenhagen, Upstate NY, which is about half an hour from Ft Drum. The closes Chase branch or ATM to me is in Syracuse, which is about an hour and a half away. Being able to have access to my account on the palm of my hand is amazing. Not having to set a foot on the bank has saved me time, gas and money. Time is very important to me and the way I pend it is written down in my planner. I do not have the time or the money to drive and wait in line. In the time it would take me to drive to the branch and back home, I could watch a movie with my family or do some homework. This application has really made my life a little easier In a likely future that I want to see added to this application would have to be like a check balance book. This feature would help me see where my money goes. Just by taping an icon I can see how much did I spend on Tuesday, how much money do I have left in my account, when do I get paid, am I getting closed to overdraft. I know this is my responsibility, but it would be nice to have my own personal accountant. Another possible addition could be being able to send and receive e-mails to and from Chase. I think these two features can help Chase improve and be ahead of other banks. ‘JPMorgan Chase has yet again won a ranking of mobile banking apps. In this one, Keynotes semiannual mobile banking scorecard, Chase came in first for the third time in a row’, ‘†¦its analysts score the apps according to 120 criteria in four categories functionality, ease of use, privacy and security, and quality and availability’ (Penny Crosman, 2013). I remember when every Saturday I will had to go to the bank to make a deposit of my checks, and having to fill up the deposit slip. Just the waiting in line used to irritate me. Being able to access my account, pay bills and make deposits without having to set a foot inside a bank is incredible. Chase Mobile definitely has changed the way their customers and I bank!

Essay --

Not surprising that The Magic Flute has been staged by contemporary innovative directors- it’s craziness makes it ideal for being a director’s medium. Modern opera criticized for being boring or whatever, but here are three directors who, although they faced criticism themselves, approached opera with fresh perspective and with a desire to change what they felt where stiff conventions that no longer Richard Wagner was supremely interested in the music of other composers, both that of his contemporaries and those who had influenced the operatic stage before him. As an opera composer and librettist himself, he listened to the offerings of other composers carefully, forming his opinions with even more caution. In his anaylsis of Mozart’s work, Wagner credited the composer with â€Å"creating true German opera† Modern music critics continue to scratch their heads when considering Wagner’s gushing remarks on Mozart. In a review posted to the Flos Carmeli Arts Blog on February 26, 2010, Steven Riddle describes Mozart as a German composer who writes music that is â€Å"flexible, nimble, light and lovely†, while Wagner’s is â€Å"like a beautiful bludgeon- slow and ponderous†. While they possess little similarities in style as composers, it was not simply Mozart’s music that enamored Wagner. The Magic Flute inspired Wagner with its characters and their keen development, as well as Mozart’s clear voice as an interpreter of the drama within the music. He praised Mozart for his ability to create a genre that was unlike any previously seen in the German Opera. The Magic Flute was an opera that lived between Opera Seria and Opera buffa (both common in German opera at the time), but also contained many musical styles of the ornate Italian opera. ... ...e gaps caused by heavy editing to the libretto. He gave voice only to the most important characters, Pamina and Tamino, Papageno and Papagena, the Queen of the Night, Sarastro and Monostatos. Particularly bold was his cutting of the Three Ladies and the Three Spirit Children, who he deemed merely mechanisms of exposition and magic. What Brook yearned to create where characters who were true individuals as opposed to singers in a pageant of the superfluous. His work with the Queen of The Night particularly reached this goal. While she is clearly the villainess of Flute, Mozart’s music gives her a complexity that Brook highlighted. Her revenge aria, in which she mourns the loss of he daughter to Sarastro, is mostly known for it’s treacherous colatura. In Brook’s Flute, the aria began softly and tenderly, reaveling the bevered mother underneath the evil Queen.

The Cost of Education

Joey Goodstudent English 101, Section Causal Argument Essay February 16, 2009 The Real Cost of Education It was David Henry Thoreau who said, â€Å"The price of anything is the amount of life you exchange for it. † He graduated from Harvard in 1837, but not with a diploma. He explains, â€Å"they have been foolish enough to put at the end of all this earnest the old joke of a diploma. † Thoreau understood that the piece of parchment handed out at commencement means nothing more than the hard work, studying, and education that came before it. Today, those values are lost, and only 59% of Arizonan high school students graduate. This number reflects changes in society, problems in schools, and student’s personal reasoning. Society today demands a degree, not to get ahead, but just to keep up. An article published in the July 17, 2008 Wall Street Journal titled â€Å"The Declining Value of your College Degree† states that â€Å"College-educated workers are more plentiful, more commoditized and more subject to the downsizings that used to be the  purview of blue-collar workers only. What employers want from workers nowadays is more narrow, more abstract and less easily learned in college. † A phrase like this is very discouraging to a high schooler. When the prospect of a brighter future is taken from the table, the immediate response is â€Å"why try? † This attitude gives way to a sense of hopelessness and discouragement. A study by Civic Enterprises shows that 69% of dropouts said that they were not motivated to work hard. The growing cost of living coupled with the independence of today’s youth creates a need to work, and earn money. In society today, children are growing up much faster. A report by the Guttmacher Institute placed Arizona as the state having the second most pregnancies in women aged 15-19. We fell just 9 teen pregnancies shy of first, at 104. With the average annual cost of raising a child at $17,151, it’s practically impossible to support a family and remain in school. This causes both parents of the child to drop out; with both either working all the time or taking turns watching the child as the other works. Problems with the schools are also large contributing factors in the decision to drop out. High Schools often have stark attendance policies that step on the toes of students otherwise willing and able to complete high school. When a student misses a set number of class periods they’re simply audited. The student is not given a chance to catch up, or to learn what they’ve missed, but are assumed to be unable to finish the course. This notion runs contradictory to Arizona’s standardized testing, which suggests that if a child can pass a test, they’ve learned what’s necessary. The audited students are not given the chance to be tested, and show that they’ve learned the necessary material despite absences. A study by Civic Enterprises shows that 47% of students gave the reason â€Å"classes are uninteresting† as one of their motivations for dropping out. Uninteresting classes comes as a result of a strict curriculum to support standardized testing, and placing high value on practical subjects such as math and language, while stigmatizing creative subjects like art, drama, and dance, which would hold the attention of students otherwise bored. Teachers today are forced to stick to strict curriculums to ensure that students can pass a test at the end of the class. This often limits learning techniques considered to be more interesting than others, such as working in a group on a project, or having a class-wide discussion. These actions are replaced with long, prepared lectures and quizzes. Knowledge is lost on students, who sit in class bored. Education is increasingly geared towards practicality, and academic ability. Schools will teach daily mathematics and languages classes, and only offer art or music classes a fraction of that time. Students become bored with the subjects and have no motivation to continue attending school. If schools were to offer more fine arts students would soon gain fascination, and in turn be more interested and motivated to go to school. Class sizes in schools are also a problem, as a large class size will limit the one-on-one time student’s need with their instructor to fully understand what being taught. Often when a class is too large students are unable to ask questions because the instructor is busy help other students, or grading hundreds of assignments. When the class size is smaller, an instructor can get to know particular students weaknesses and help them develop those areas. In this way, a small class size fosters a stronger education, and in turn, happier students who enjoy learning. Students coming to high school from junior high are faced with a completely different social situation. Cliques and groups form to exclude people, and this causes self-esteem issues. Finding friends in this new situation can be tough for students, and feeling like an outcast at school will cause students to not want to be there. Belonging to a group will increase the chances of that students attending school. Conversely, some students get so caught up in the social aspect of high school and being a ‘teen’ that they let their attendance slip, preferring to go out to lunch or hang out with friends over going to school. Eventually, school takes the back seat to their sociability and they drop out. Peer pressure also limits those who earnestly want to succeed, but are not strong academically. Super-seniors will come back to school for another year instead of giving up, only to be ridiculed and called stupid by other students. They soon believe the ridicule and drop out. The true cost of education is the life we exchange for it. It could be at work, struggling to support ourselves and go to school. It could be at home studying for an upcoming exam, It could be in the classroom trying to pay attention, or with fellow students, trying to make friends. With time will come the consequence of these high drop out rates. Perhaps then we’ll take action and try to stop it.

Managing Cultural Diversity

Summary This academic paper will consider the study â€Å"Cooperation and competition in intercultural interactions† conducted by David Matsumoto and Hyi Sung Hwang, San Francisco State University, United States. Prisoner’s Dilemma, Ultimatum, Trust Game are well-known play games which allowed to accumulate sufficient knowledge in the presented area of studies in terms of cooperation, competition, punishment, trust, trustworthy and clearly demonstrates that people of different cultures plays these games differently. Earlier research has come to conclusion that intercultural interactions shows less positive results in cooperative behaviors in game play than intracultural interactions; but to date no empirical links have been made between behavioral outcomes and cultural differences between the participants, which became the actual purpose of the study. The first hypothesis is that Intercultural condition will produce less positive behavioral outcomes and cooperation than the Control condition and the second hypotheses states that these behavioral differences are connected to cultural differences. Organizers of the study offered modified version of Prisoner’s Dilemma where partner either country mate or international one. Americans were put in the same sex-dyads in one of three conditions: with another American participants (Control Condition – 120 people, 40 males and 80 females), with an international student (Intercultural condition – 41 Americans, 20 males, 21 females and 41 international participants, 20 males and 21 females), or with another American but under stressful condition (Stress conditions – 90 people, 44 males and 46 females). The aim of the participants is to increase their participation fee, and they were told that an amount of paid sum depends on their play, in reality they received standard amount of fee. They were seated opposite each other and were not allowed to talk, each pair was separated by divider, Experimenter observed the play on the other side of the table. Each participant was given 20 1$ coins and a blue (competitiveness, defection or betrayal) and yellow (cooperation, trust, vulnerability) card. They had an option whether to play with blue or yellow card within the time allotted for each play. Participants in the Control and Intercultural Conditions were instructed to increase their original payoffs and they received participation fee regardless they won or lost the play; the length of each round 20 s. Participants in stress conditions were instructed that one participant should win over other, and winner will receive all coins from looser; each round lasted for 4 s. Play continued for 20 rounds, or until one of the players lost all their money. Researchers opted a broad-based approach, where they defined a set of context variables (they were extracted from the plays and summed across both players for production a score for each pair) and in addition they created 10 individual characteristics (cooperation, betrayal, forgiveness, retaliation, reparation, defection, reconciliation, stalemate, prosocial acts, antisocial acts); examined indices of cultural differences between pairs of individuals from different cultures, using home country scores on Hofestede’ (2001) cultural dimensions (Individualism vs. Collectivism, Power Distance, Uncertainty Avoidance, Masculinity vs. Femininity, and Long vs. Short Term Orientation) . Researches also created cultural differences score in the intercultural condition. All participants passed a personality test (Neo-Five Factor Inventory) and were qualified as acceptable. Besides this, participants self-reported their emotions using 9- point scale (0-9 anger, contempt, disgust, fear, happiness, surprise, pride, shame, embracement, guilt, interest and etc. ) before entering the experiment room and after. For the intercultural Conditions researches computed Cultural Distances scores for each pair using Hofstede’s (2001) five cultural dimensions. As the result after computing dependent/independent variable (Condition), taking into consideration that pair had the same characteristics (same sex strangers in the same condition), analyzing data for hypotheses, conducting post hoc comparisons using Scheffe tests, thus researchers concluded that Intercultural Condition looked like the Stress Condition, demonstrating worse behavioral outcomes than the Control Condition despite the Intercultural Conditions had the same instructions and procedures as the ontrol Condition. Hypothesis 1 was proved. Initiators of the study also computed pair level correlations between Geographic and Cultural Distance scores with each of the behavioral outcomes in the Intercultural Conditions. Greater cultural Distance on Power Distance was reliably was strongly associated with less positive behavioral outcomes. Hypothesis 2 was supported. Discussion Strengths This study is the very first research which empirically linked behavioral outcomes to cultural differences between the players and it is undeniable that these findings play will make essential contribution for future empirical works, business development, intercultural trainers and participants itself. Organizers of the study introduced personality scale to control individual-level effects, offered participants to self-report twice their emotional state prior and after experiment, measured and computed dependent/independent context variables (used well-known Hofested’s cultural dimensions) in order to reduce the possibility of commitment of the ecological and cultural attribution fallacy. Limitations Cross-cultural literature do not explain us sufficiently what happens in intercultural situations because cross-cultural differences are not necessarily translated to behavioral differences in intercultural interactions; moreover, there is no empirical demonstration that less cooperative and more destructive behaviors associated with intercultural interactions connected to cultural differences between the participants. Game rules and experimental procedure make direct comparisons very difficult and there is a possibility that instructions are interpreted differently in different cultures. Difference scores of participants’ home country scores on cultural dimensions are not strongly linked to participants because they are simply diffuse and abstract. Methodology didn’t allow for separation of relative standing of the relative standing of power distance and examination of whether differences were consistent at different values of dimension. Another concerns how the participants in the Intercultural Condition perceive differences between each other. Plus, it is implicit whether these perceptions are automatic or deliberate thought. One of the limitations of the study related to potential explanatory variables (such variables may have been at play) that were not measured (culturally-based, individual differences in economic expectations, religious differences etc. ) References Matsumoto D. Hwang H. S. , (2011), Cooperation and competition in intercultural interactions, International Journal of Intercultural Relations, Vol. 35 , Issue 5 , pp. 677-685 Ailon, G. (2008). Mirror, mirror on the wall: Culture’s consequences in a value test of its own design. Academy of Management Review, 33(4), 885–904. Allik, J. , & Realo, A. (2004). Individualism–Collectivism and social capital. Journal of Cross-Cultural Psychology, 35(1), 29–49.

Free Essays on Being A Minority In A Country

Being a Minority in a Country Of One Cultural Majority The current situation races are going through right now has only changed somewhat than what it was years ago. Different races are still learning to work and coexist in our current social model. All races have to still cope with discrimination and intolerance. However, there are other cultures that deal with a lot more than others. Our social model has three different standards, which are: the current status of racism and prejudice, the current levels of economic equality and the current social (education and health) situation. Native Americans have always experienced a lot of racism and prejudice. They were the first to be found on this land and have tried desperately to maintain their freedom to choose their own futures, culture, language, and religion, even though mainstream America is following closely behind them (Giago 287). Since these lands have become American soil, Native Americans have been exposed to assimilation. However, they were not allowed to assimilate into the dominant culture because they were thought of as being inferior. Also, if they did assimilate then the dominant culture would not be able to take their land (Race: the Power of an Illusion). Due to their strong family and cultural ties, they were seen as inferior and because of that inferiority the dominant culture was able to restrict them to designated lands, while they seized the rest of the land. As of now, the current situation related to prejudice for Native Americans has not changed a great deal. They are still seen as infer ior to the dominant culture. Currently, the Native Americans economic status is that they are the lowest of all the major ethnic groups in the United States. In a 1990 census, the average Native American family income was lower than African Americans, which was only $24,000, while their poverty rate was the highest among the different ethnic groups. Also according to the same... Free Essays on Being A Minority In A Country Free Essays on Being A Minority In A Country Being a Minority in a Country Of One Cultural Majority The current situation races are going through right now has only changed somewhat than what it was years ago. Different races are still learning to work and coexist in our current social model. All races have to still cope with discrimination and intolerance. However, there are other cultures that deal with a lot more than others. Our social model has three different standards, which are: the current status of racism and prejudice, the current levels of economic equality and the current social (education and health) situation. Native Americans have always experienced a lot of racism and prejudice. They were the first to be found on this land and have tried desperately to maintain their freedom to choose their own futures, culture, language, and religion, even though mainstream America is following closely behind them (Giago 287). Since these lands have become American soil, Native Americans have been exposed to assimilation. However, they were not allowed to assimilate into the dominant culture because they were thought of as being inferior. Also, if they did assimilate then the dominant culture would not be able to take their land (Race: the Power of an Illusion). Due to their strong family and cultural ties, they were seen as inferior and because of that inferiority the dominant culture was able to restrict them to designated lands, while they seized the rest of the land. As of now, the current situation related to prejudice for Native Americans has not changed a great deal. They are still seen as infer ior to the dominant culture. Currently, the Native Americans economic status is that they are the lowest of all the major ethnic groups in the United States. In a 1990 census, the average Native American family income was lower than African Americans, which was only $24,000, while their poverty rate was the highest among the different ethnic groups. Also according to the same...

U.S. National Debt Assignment Example | Topics and Well Written Essays - 250 words

U.S. National Debt - Assignment Example This research will begin with the statement that according to the article, Treasury Direct 2012 the size of the U.S National debt as per August 31st, 2012 stands at $16,394,000. Debt held by the public amount to 11,272,626 and the Intergovernmental holdings amounts to 4,743,144, which totals to 16,015,770. This essay discusses that the Total Public Debt subject to limit soared to 15,976,711 while the Statutory Debt Limit amounted to 16,394,000. The debt is rising at a high rate since the amount seems to increase gradually every month. In July 2012, the total Public Outstanding Debt amounted to 15,933,235, which increased to 16,015,770 in August. Still, the Total Public Debt subject to limit totaled to 15,894,576 and Statutory Debt Limit was recorded as 16,394,000. The present research has identified that the amount slightly increased to 15,976,711 of the Total Public Debt Subject to Limit and the statutory Debt Limit increased to 16,394,000. As of January 2011, the much of the debt o wned by foreigners is 10,300,000. The foreign country that owns the most U.S Treasury Securities is China with $1.16 trillion with Japan coming in second with $882 trillion lending. Following this analysis, the debt position of the country and its activities’ report create a concern of dealing with an economic recession. This is something that the country should be concerned about since if not handled it would result in an economic crisis.

Interpret Research on Decomposition Analysis Paper

Interpret on Decomposition Analysis - Research Paper Example The relationship between return on assets and return on equity is that return of assets shows how profitable a company is before they consider giving advantage to investments, hence two thirds of the DuPont equation of measuring return of quality is comprised up of return on assets. (Peppers, 2005, pp 124) Net Income ROA = Value of assets Return on assets and return on help in calculating the rate of growth of a company. The value of return on assets helps in calculating the internal growth rate of a company. Internal growth rate is the maximum rate of growth that a company can achieve without getting help from external financing. It therefore tells how independent a company is. The value of the return on equity helps in determining the sustainable growth rate of a company; this is the maximum attainable income of a company with the inclusion of assets and investments. This gives the potential of the company with the exploitation of all avenues of income generation. Capital intensity is the current status of funds available in the company with the consideration of other factors in the company such as labor and other forms of production. Companies that use heavy machinery and have many laborers do work that is more effective; hence, an increase in the capital intensity increases the labor productivity. Companies that use so much initial investment always get lower return on assets than those, which use less initial investment funds; however, increased productivity makes the company have a greater growth rate. Quantitatively, capital intensity is the ratio of total value of capital equipment to the total potential output of the company. (Masterman, 2007, pp 47). The world’s leading car-manufacturing company, Toyota, use the JIT production method. The JIT production method involves, the processes of waste elimination participative culture of work, and, continuous improvement of quality of production hence by using this system, Toyota reduce the need for raw materials, this in many ways increase the returns on quality of the company because less money is used in the production expenses of the company. This also minimizes wastes hence more economical in that the company does not spend on ways of ways of waste disposal. The Kanban system is the control unit of the JIT it implements everything that happens in the system. This helps in making sure that there are no any early or late productions in the company. The efficient method of production that Toyota uses makes it the largest vehicle producing company in the world. Though there has been a falling trend in the sales of the vehicles, this is mainly due to external causes in the market, the sales mainly fell in the country, and the drop in production was by 11.7%. Outside Japan, the sales improved and went up by 6.2%. The policy of minimum wastage and efficient production ensures that the production and sales remain high. The return on quality remains high (Tracey, 2008, pp 54). Honda i s a Japan based motor p[production company. recently Honda made their all time biggest production quantity of all time. Hondas strategy of production and marketing is different from that of Toyota, while Toyota mainly majors in the production of motor vehicles, Honda, on the other side has a diversity of products from vehicles to motorbikes, they even produce robots, in fact, Honda produced the only human robot that can walk up and down a