Wednesday, September 2, 2020

Organizational Behavior Final Project

LIU MBA Students for the North Shore Animal League Organizational Behavior For the gathering venture our gathering picked alternative A, to plan and execute a network administration venture. We decided to help the North Shore Animal League situated in Port Washington, New York. We think this is a significant foundation to help in light of the fact that the association gets no government subsidizing and depends entirely on gifts from people in general. North Shore Animal association is one of the biggest no-execute sanctuaries and they have spared near 1 million felines, pooches, little cats and doggies to date.After our underlying gathering in class we conceptualized a few thoughts on the best way to raise support by means of email. We chose to do a mix of things to fund-raise for the North Shore Animal League. To begin with, to get the message out, we made a Facebook page to impart our undertaking to our companions, family and colleagues. The page is additionally distinguishable to companions of-companions so it arrives at a wide extent of individuals. The page educates the watcher regarding the alliance and our undertaking; the page highlights pictures and a connect to a raising support website.The gathering pledges site was made through North Shore Animal League and offers watchers the chance to give utilizing a Visa. These gifts go legitimately to the alliance and are followed through the site. We took a stab at conversing with the grounds book shop to check whether they would give some product we could then sell for the reason, however they couldn't. We chose to buy a few snacks in mass from Costco to offer to fund-raise. We settled on the choices to focus on a profoundly populated region with a lot of pedestrian activity, so as to come to the most people.Therefore, we organized a raising money day in Flushing and Hunter’s Point where we passed out pamphlets, gathered gifts, and sold the tidbits. To arrive at a bigger extent of individuals, we conve rsed with a neighborhood pet store, situated in Northport, and they permitted us to set up a table and request gifts for the class from clients go all through the store. We thought this was a decent area since we would probably be arriving at creature sweethearts who might be thoughtful to our motivation and hence bound to contribute. We likewise disseminated fliers while at the pet store, which incorporated the location for our undraising site so the clients could give to the creature class when they returned home. Mental agreement is characterized as individual convictions, formed by the association, in regards to terms of a trade understanding among people and their association (Rousseau). As indicated by the venture's directions, we have 400 focuses to part among the four gathering individuals. Our gathering's mental agreement is that as long as each gathering part goes to each gathering, takes an interest in the raising support exercises, and finishes a lot of the work similarl y, each gathering part will get 100 of the 400 points.However, on the off chance that somebody can't satisfy a lot of the work, the other gathering individuals can deduct focuses from this part and add them to their own evaluation. The mental agreement relies upon the trust between the gathering individuals. In our gathering we esteemed the guarantee to each part to share the work similarly and didn't damage our agreement. Each part had the option to communicate their supposition unreservedly, in the event that somebody felt that a gathering member’s execution was inadequate with regards to, they can talk straightforwardly with different individuals and examine redistributing the points.Our gathering's mental agreement couldn't be damaged effectively on the grounds that we as a whole needed to share the work to guarantee we got the most ideal evaluation. Through the learning of mental agreement, we constructed a solid and productive group. With a compelling exhibition framewo rk and solid trust among our individuals, we arrived at extraordinary accomplishment. It is essential to make sense of how you can spur the individuals in a gathering since it will build the profitability of the gathering. The four individuals in our gathering have various characters and individual objective; subsequently, the techniques to rouse them are absolutely different.There is that minority which is tested by circumstance and ready to make a solid effort to accomplish something (McClelland). For our undertaking we as a whole should have been a piece of this minority since we had such restricted time. In McClelland’s conversation of Motive A, he discusses setting â€Å"moderately troublesome, however conceivably feasible goals†¦ errands to make them stretch themselves a bit. † Our gathering chose from the get-go to set an objective of raising $250, which we thought would be a decent add up to make progress toward considering our time constraint.We saw this sum as troublesome, yet do-capable. Something different McClelland examines is the means by which the nAch individual is continually investing their energy considering how to improve. Through experimentation we had the option to make sense of what worked for our gathering. For instance, we had a not all that fruitful day gathering pledges in Flushing, bringing just $20 up in around 4 hours, and had the option to utilize this experience to locate a superior method to do this next time. The hope hypothesis could be utilized to help diagram how we settled on choices on the most proficient method to carry on in our group.To start, you can take a gander at the idea of execution result anticipation, which expresses each conduct has a related prize or discipline. For instance a gathering part could have decided to kick back and let different individuals perform, or could have decided to put forth a certified attempt. The outcomes are that we won’t get the best grade and won’t collect the most cash conceivable; or our gathering will thrive with everyone’s inclusion. The idea of valence, the possibility that every result has a particular worth to the individual was evident as well.Luckily, we as a whole need the some result, to collect the most cash feasible for the creature association and to be evaluated decently by our companions, so this wasn’t an issue when it came to propelling our gathering. Finally there is exertion execution hope, which expresses that each conduct has related with it a specific likelihood of accomplishment. With this idea we as a whole expected to comprehend that our endeavors would be compensated with gifts. When we began to get gifts we utilized this as inspiration to get more.Ethical situations are exceptionally perplexing for people, as indicated by course reading, â€Å"the thought that its simple to be moral accept that people consequently realize that they are confronting moral difficulty and that they ought to just decide to make the best choice. † However, the meaning of â€Å"doing right thing† might be diverse for various individuals, contingent upon their way of life or foundation. In our undertaking, we have two moral problems. To start with, are we going to give the specific aggregate sum of cash we have raised to North Shore Animal League.The first spot we were gathering gifts was in Flushing, where we disclosed our venture to people on foot and they were typically impolite, anxious and less ready to hear us out. In light of this we chose to move to another detect, a recreation center in Hunters Point where the individuals were increasingly persistent. We gathered 20 dollars in this spot, which is considerably more than we had the option to gather in Flushing. We immediately observed that individuals in these two spots have various qualities; the individuals in Hunters Point were all the more ready to confide in us and accept that we were being ethical.The individu als in Hunters Point halted and get some information about our venture, and about our motivation. The individuals in Hunters Point had confidence in the great side of individuals and were all the more ready to confide in us and consequently give. The individuals who gave to us accepted that each penny they were giving us was going to help the creatures at North Shore Animal League, thusly, we can't allow them to down and we have an obligation to convey the entirety of the cash we gather. The subsequent situation is whether we ought to deduct the expense of the items we sold from the gifts we collected.We purchased Lays and Doritos for twenty pennies for every bundle and filtered water for sixty pennies for each container; we at that point sold the things for one dollar each. The individual who purchased the items could state that they should reclaim some cash to remunerate themselves for the expense of purchasing the things. For this situation, it is a hazy situation. In the event t hat the individual doesn't demand to get their cash back, one could state they are an individual who truly thinks about the reason they are fund-raising for. In the event that they asked to get some cash back, one may state they are doing this action only for a grade.Also, if the individual who bought the merchandise chose they needed to be repaid, they could decorate the cost and get back more than they paid. This is like the movement we did in the study hall where workers were made up for dinners while out and about. For whatever length of time that the sum didn't surpass eighty dollars for each day, they would be repaid for food and they didn't have to show receipts. For our situation, individuals gave their cash to us dependent on the possibility that we will advance the entirety of the cash toward the North Shore Animal League Our conduct was significant, as it directed how others made decisions about us.As referenced in the reading material, a few variables of conduct include: manner of speaking, non-verbal communication, motions and the words we state. Individuals could be persuaded that we are a gathering of individuals doing great or submitting misrepresentation dependent on these components. We found that specific things helped increment the level at which individuals trusted and accepted we were doing acceptable. Our picture and the general energy we passed on were significant variables to guarantee different people’s trust us. Individuals were all the more ready to believe us in the event that we had a promoting board, Facebook site, and a gift site with the North Shore Animal League.Overall, we expected to show up as expert as conceivable to have the best outcomes. Individuals will in general uncertainty individuals they are curious about, particularly in New York City; hence, we had the option to pick up their trust by directing our task in an expert way. The manner in which we were requesting that individuals make gift was likewise signif icant. We need

Saturday, August 22, 2020

Energy Modelling for Theory and Applications - myassignmenthelp

Question: Talk about theEnergy Modeling for Theory and Applications. Answer: The focal issue broke down in this paper is the versatility of replacement among vitality and different contributions to commitment to the countrys GNP. This paper looks at the expense or advantage of the vitality strategy as far as utilization or GNP in the info yield structure. The viewpoint of the creators are that decline in physical accessibility of the vitality increment the vitality cost, which further causes a proportionate misfortune in GDP. As indicated by creators see, if vitality GNP proportion is accepted steady, i.e.; zero information substitutability, the expansion in both vitality and non-vitality inputs are required for the expansion in GDP. Then again, flexibility of replacements is vastly versatile if the information is entirely substitutable. Substitutability among inputs is important something else; decline in vitality data sources would diminish the all out creation of the economy. Thus, the vitality approach producers need to pick the correct mix of vitality and non-vitality inputs, which expands yield with least expense (Pahlavan, Omid and Akram 2012). As recommended by the paper of Hogan and Manne (1979), decrease in vitality flexibly may have just 1% misfortune in the economy, nonetheless, this misfortune is enormous for the economy in money related terms. Starting cost of vitality = $1 per unit Cost of capital = $3 per unit and cost of work = $3 per unit. Amount of vitality (E) = 100 units, capital (K) = 150 units, work (L) = 200 units New cost of vitality = $2, new vitality amount = 70 units, capital = 170 units and work = 200 units Versatility of replacement demonstrates that the level of replacement between the two sources of info (Zhelobodko et al. 2012). Versatility of replacement between the two information sources is given by = In balance, peripheral pace of specialized replacement (MRTS) among vitality and work is = cost of vitality/wage (Raurich, Sala and Sorolla 2012). = $1/$3 = 0.33 New MRTS = $2/$3 = 0.67 Change in MRTS = 0.67-0.33 = 0.34 Beginning E/L = 100/200 = 0.5 and after strategy change = 70/200 = 0.35 In this manner, change in E/L = 0.35 - 0.5 = - 0.15, anyway modulus esteem is taken. Thus, = (0.15/0.5)/(0.34/0.33) = 0.3/1.03 = 0.29 Flexibility of replacement among capital and work is = Beginning K/L = 150/200 = 0.75, new K/L = 170/200 = 0.85 Change in K/L = (0.85 - 0.75) = 0.10 Starting MRTS = 2/3 = 0.67. As the cost of different contributions aside from vitality stays same, the MRTS will be the equivalent. Henceforth, = (0.10/0.75)/(0.67/0.67) = 0.13/1 = 0.13 The principal purpose behind the distinction in the versatility is that substitutability between the work and vitality is more noteworthy contrasted with work and capital. The figure shows that is higher for E/L proportion contrasted with K/L proportion, as it might be that expansion in vitality actuates makers to substitute vitality with work (Chen 2012). The subsequent conceivable explanation is that work and capital are progressively correlative in nature contrasted with vitality. Peripheral profitability of info mirrors the cost of the sources of info and the higher pace of replacement reflects more noteworthy substitutability among factors across various parts of the economy (Klump, McAdam and Willman 2012). Case 1 Utilization of vitality = 100 units and utilization of capital = 150 units, all out creation = 1000 units. New vitality inputs = 120 units, new yield level = 1200 units Creation flexibility of power shows the reaction in yield level, when there is an adjustment in the degree of power utilized underway (Raurich, Sala and Sorolla 2012). Creation versatility of power = (corresponding changes in output)*100/(relative changes in vitality *100) = {(1200 - 1000)/1000}/{(120 100)/100} = 0.2/0.2 = 1 Creation flexibility of capital infers changes of yield in light of the adjustments in unit of capital utilized underway (Klump, McAdam and Willman 2012). Utilization of capital info stays unaltered to 150 units Consequently, versatility = {(1200-1000)/1000}/{(150 150)/150} = 0.2/0 = Case 2 Work of capital has expanded to 160 units with unaltered vitality inputs. The creation versatility of power is = {(1200 - 1000)/1000}/{(100 100)/100} = 0.2/0 = Creation versatility of capital = {(1200-1000)/1000}/{(160 150)/150} = 0.2/0.067 = 2.985 Presentation This investigation examinations the presumptions of neo old style creation work fundamentally. Neo-old style creation work is the capacity of two data sources, for example, work and capital. A Neo old style creation work has a few suspicions to just the examination. Cobb-Douglas creation work is for the most part utilized neo traditional creation work in monetary examination. A few creators have scrutinized a portion of the suspicions. Suppositions of neo old style creation work The suppositions of neo old style creation work are as per the following: The creation work is differentiable with positive peripheral efficiency of the variables o creation. The elements display the theory of unavoidable losses. The elements of creation are substitutable among themselves in an entirely serious market. Elements are totally versatile. Nonappearance of externality underway Philosophical pundits As per the case of the heterodox financial matters, the nature of neo old style creation work, the replacement impact has very little impact in genuine economy (Fuss and McFadden 2014). Be that as it may, in the perspective on Chen (2012), Cobb-Douglas creation work has numerous genuine applications. In addition, the creation just thinks about the impact of progress in capital and work. It can't clarify the remaining component of the creation capacity, for example, innovation in Solow development model. Schefold (2014) expressed that neo old style creation work gauges versatility of yield as for work and capital as indicated by the. Be that as it may, this strategy for estimating yield flexibility isn't the right one. For all intents and purposes this estimation shows the portion of benefit underway and portion of pay in pay. Another supposition of the neo-old style scholars is that both the item and factor showcase are completely serious, which is ridiculous. There exist different sorts of market structure, for example, monopolistic rivalry, syndication and oligopoly. Along these lines, creation work changes across various segments of the economy (Davis 2013). The neo old style creation work accept ideal portability among the elements, which isn't generally conceivable as a general rule. A portion of the businesses are capital concentrated, while some of are work escalated. Henceforth, the versatility of elements is compelled by their profitability and necessity in the business (Felipe and McCombie 2014). As delineated by Dosi et al. (2014), scientific model of Cobb-Douglas model has similitude with the condition of national bookkeeping character subsidiary. Notwithstanding, Schefold (2014) referenced that Cobb-Douglas creation work effectively build up relationship with the national records, if the compensation share is steady and mechanical advancement is considered underway capacity. Complain and McFadden (2014) refered to that innovative advancement in the neo old style creation work has been accepted straight. Dosi et al. (2014) repudiated this view to express that innovative advancement vacillates additional time. Each creation procedure has a few externalities regardless of essential, auxiliary or tertiary areas of the economy. The externality might be sure or negative. In this way, the suspicion of no externality is ridiculous. End The examination of creation work is a significant idea in standard Neo traditional financial aspects. Primary contributions to this creation work are work and capital. Innovation is utilized in this model as a lingering factor in the creation. This factor encourages the creation procedure. Regardless of having various utilizations, numerous market analysts have scrutinized this creation work because of a portion of its ridiculous suspicions. The report has fundamentally dissected the constraints of these suspicions. References Chen, B.Y., 2012. Order of $ h $-homogeneous creation capacities with steady flexibility of substitution.Tamkang Journal of Mathematics,43(2), pp.321-328. Davis, J.B., 2013.The hypothesis of the person in financial matters: Identity and worth. Routledge. Dosi, G., Grazzi, M., Marengo, L. what's more, Settepanella, S., 2014. Creation hypothesis: representing firm heterogeneity and specialized change. Felipe, J. what's more, McCombie, J.S.L., 2014. The total creation function:Not even wrong.Review of Political Economy,26(1), pp.60-84. Whine, M. what's more, McFadden, D. eds., 2014.Production Economics: A Dual Approach to Theory and Applications: Applications of the Theory of Production(Vol. 2). Elsevier. Klump, R., McAdam, P. what's more, Willman, A., 2012. The standardized CES creation work: hypothesis and empirics.Journal of Economic Surveys,26(5), pp.769-799. Pahlavan, R., Omid, M. what's more, Akram, A., 2012. Vitality inputoutput examination and use of fake neural systems for foreseeing nursery basil production.Energy,37(1), pp.171-176. Raurich, X., Sala, H. what's more, Sorolla, V., 2012. Factor shares, the value markup, and the versatility of replacement among capital and labor.Journal of Macroeconomics,34(1), pp.181-198. Schefold, B., 2014. Marx, the Production Function and the Old Neoclassical Equilibrium: Workable under the Same Assumptions?. InContribution to the Conference What have we realized on Classical Economy since Sraffa(pp. 16-17). Zhelobodko, E., Kokovin, S., Parenti, M. furthermore, Thisse, J.F., 2012. Monopolistic rivalry: Beyond the steady versatility of substitution.Econometrica,80(6), pp.2765-2784.

Friday, August 21, 2020

Analysis of The Effects of Globalisation Research Paper

Examination of The Effects of Globalization - Research Paper Example As indicated by (Giddens 2001), globalization is the developing association between various individuals, districts, and nations on the planet as social and financial connections come to extend around the world. The International Forum on Globalization characterizes it as, the present overall drive toward a globalized financial framework ruled by supranational corporate exchange and banking foundations that are not responsible to popularity based procedures or national governments. (Rosenberg 2000) characterizes The term 'globalization' all things considered, is from the start sight simply an engaging classification, meaning either the land expansion of social procedures or potentially, as in Giddens' definition, 'the heightening of overall social relations'. As per the (World Bank Brief 2000) globalization picked up pace during the 1980s and 1990s, with the headways in data innovation, transportation, and worldwide interchanges. These incorporate improved media communications, the Internet and quicker world travel, to give some examples. These innovative upgrades empowered individuals to move products, administrations, and information, quicker, more distant and all the more dependably. Governments have likewise received progressively open strategies that take into consideration closer worldwide financial collaboration. Every one of these elements add to globalization. Â In administration and business, a significant number of the present heads have dismissed their dreams for their associations as a result of globalization. Globalization has continued from the beginning of time at a quick pace and with lopsided power. Numerous associations have encountered changes because of globalization. They have understood the speeding up by and by late in this century, after very nearly 50 years of relapse. To an ever increasing extent, national economies today incorporated into single worldwide markets through exchange, money, creation, and a thick trap of universal settlements and foundations. My exploration will investigate the connection between the various components that are related with the new advancements of globalization. Â My concentrate on this point utilizes authentic and enlightening examination, which I considered even more a subjective research way to deal with the investigation of globalization. In utilizing this technique, I found that it assists with following the underlying foundations of the exploration issue and its impact on the current discussion about globalization. Simultaneously, it assists with investigating the connection between the various components that are related with the contemporary advancements of globalization.

Thursday, June 4, 2020

Health matters Looking after mind and body on campus Hult Blog

What does success mean to you? Salary? Respect? The impact you have on others? Whatever your measurement of material success, if you’re run down, burnt out, and unhappy, your success will mean very little. Here at Hult, our students’ wellbeing is high on the agenda—and it’s not just us that think looking after your physical and emotional health is vital to your performance at work. Arianna Huffington once spoke to our students from Boston campus about redefining success. She shared her own experience of burnout, adding: â€Å"If we only value money, we will never have enough. If we only value fame, recognition, and power, we will always feel lacking. There is now a movement of people that are reinventing work, reinventing capitalism, reinventing lives, and reinventing business. Hult is a part of that.† Arianna Huffington in her address to Hult  students in Boston Here are some snaps from wellness events held at Hult campuses, which are worldwide every year: Hult  campuses recently held their annual 5k run to keep their bodies moving during the exam period—and raise money for charity! This is  Team San Francisco celebrating their accomplishments. The CEO of Etna introduced yoga to the office. It resulted in a 7% reduction of healthcare costs, and a 69-minute per day increase in productivity. Here are our students getting ready for their yoga class at the London campus. Meanwhile in the UAE, Dubai students enjoyed kayaking in the mangroves of Abu Dhabi. Therapy dogs have been helping treat sadness and stress in hospitals and care homes for years. This year they came to our San Francisco campus to help relax any stressed out students. Students in Dubai get an insight in to how practicing mindfulness can affect their leadership. It’s tempting to snack on junk and energy drinks when your schedule is hectic. Our campus staff make sure students have healthy snacks on hand during finals. The link between wellbeing and performance at work is becoming an increasing area of academic interest. Over at Ashridge Executive Education for Hult, faculty members Megan Reitz, Michael Chaskalson, Sharon Olivier, and Lee Waller conducted the worlds first  in-depth study into the effects of using  mindfulness at work—the meditative practice that has been adopted by businesses including KPMG, Google, and GSK.  Their research  shows that the technique does have significant effects on some areas of performance. Download the full report here, or check out Megans blog for some quick tips: 5 ways to be more mindful at work. Laura Chung is a staff blogger and Hults Global Head of Copy Editorial. Previously a senior copywriter in PayPals Worldwide Creative Studio, she has also written and designed e-learning courses for many well-known brands including Microsoft, Redbull, KPMG, and BT. Laura believes passionately in the power of storytelling in both marketing and learning and indulges her love of stories by writing creatively in her spare time. Hult offers a range of highly skills-focused and employability-driven business school programs including a range of MBA options and a comprehensive one year Masters in International Business. To find out more, take a look at our blog Top 10 things to look for in a business school. Download a brochure or get in touch today to find out how Hult can help you to learn about the business world, the future, and yourself. Laura Chung Laura Chung is a staff blogger and Hult's Creative Content Director. Previously a senior copywriter in PayPal’s Worldwide Creative Studio, she has also written and designed online training courses for executives at many well-known brands including Microsoft, Redbull, KPMG, and BT. Laura believes passionately in the power of storytelling in both marketing and learning and indulges her love of stories by writing creatively in her spare time. Related posts News Building success: Dual Degree students win at USASBE Community How going beyond business at Hult helped me launch my company Admissions Accepted Students Weekend: A weekend to remember Careers Career mapping: How to become an executive in the next 5 years 0 Thought leadership How to prepare for an uncertain future in a world of AI News Is mail a dying form for businesses and marketing? Instagram Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Wednesday, May 6, 2020

Technological Advancement And Its Impact On Technology

Choose one area of technological advancement and the impact it is having on moving us toward a more globalized system. I believe that the area of technological advancement that have the most impact on moving us towards a global world are advancements in telecommunications. No matter what other technology advances we make, without the ability to communicate in real time instantly, we could not share technological advancements with other countries and people in other places to harness our collaborative innovation. And it is not just in terms of telecommunications tech it is also access to telecommunications. The quantum leaps in advancement of this technology have also led to its widespread availability and ever decreasing price. Telecommunications capacities have grown 10 and 20 fold in magnitude, in speed, reliability and performance. The three most significant leaps in telecommunications technology are the leaps from analog to digital to voice over Internet protocol (V.O.I.P); and the Internet speed barrier being broken from narrowband to broadband. Broadband data and telecommunications have had the greatest impact on technological advancement; because the latest methods and knowledge can be shared across the globe instantly. And now that same power of instant broadband data and telecommunication is in the hands of every tech savvy consumer that can afford a smart device. What are the benefits of this? The main benefits of these advancements are the ability to shareShow MoreRelatedThe Effects Of New Technology On The Agricultural Sector Of Dairy Farming Essay1277 Words   |  6 Pageshas been presented with a ‘world first’ robotic device that is said to revolutionize the milking industry process, addressed to Associate Professor Bridges. 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Tuesday, May 5, 2020

Operationalize Customer Experience Management †MyAssignmenthelp

Question: Discuss about the Operationalize Customer Experience Management. Answer: Introduction Toyota Motor Corporation is a known automotive manufacturer with its headquarters Toyota, Japan. The company has a large market capitalization. The corporation is based in the automotive industry and serves every person that is interested globally. The Toyota products include luxury vehicles, engines, automobiles, and commercial vehicles. It offers financing, banking, and leasing services (Raju Walavalkar, 2017). My service experience with Toyota was when my car developed an issue, and I immediately made a call to Toyotas Customer Experience Center. A phone call was made to me on the following day by an assigned case manager who was very helpful, professional, and informative. The case manager full filled every promise he had made to me, and due process followed in resolving my car issue. The experience made me happy and impressed. Nissan Motor Company Ltd is a known automotive manufacturer with its headquarters in Yokohama, Japan. The company is public and based in the automotive and financial services industry. The corporation serves worldwide, and its products include outboard motors, luxury vehicles, forklift trucks, and commercial vehicles (Fujiwara Nagasawa, 2015). My customer experience with Nissan was threatening as the car would stall while driving. I made several reports made to the Nissan customer service, but they failed to diagnose the issue. This was a horrible customer service. Demographic Young student owns a car values time Pain points Spend a lot of money on car repair Car not reliable Car not safe Goals Save on budget Save time Have a good car The "pain" points of the poor customer experience are spending a lot of money on car repairs. The concept of post-purchase touchpoints touches on the aspect of maintenance of products and customer service. The company is to ensure that the clients show satisfaction even after a sale is made. However, when buying a car from the Nissan Company, the warranty given does not cover all the repairs made to the vehicle. The companys customer services during inquiries provide a reply that the warranty cannot cover the costs incurred during the renovations (Peppers Rogers, 2016). Owning a car that is not reliable is the second pain point. In the concept of pre-purchase touchpoints, the Nissan Company should consider the customers wants, expectations, and needs before every decision that they make for the customer before a sale. A perception is formulated by the buyer before buying a product together with an understanding of the expected service (Zolkiewski, Story, Burton Hunter-Jones, 2017). The Nissan brand has a massive consumption of fuel energy, achieving the goals of a customer to cut on costs gets impossible. Demographic Young student owns a car values time Pain points Cost efficient transportation Reliable transportation Good customer service Goals Save on budget Save time Have a good car The "pain" points of the excellent customer experience are cost efficient transportation. The Toyota model is both versatile and fuel efficient. Spending a reduced amount of fuel enables cost saving (Homburg, Jozic Kuhnl, 2013). The concept of service branding promotes competition in the market. Toyota has incorporated mechanisms that are fuel efficient in its product thus creating a positive perception and experience from its clients. The second pain point is exellent customer service. Toyota is both dependable and trustworthy. Its of good quality overall. The concept of purchase touchpoints which considers the customers interactions with both the company and the product is certifying. The issues raised to the company regarding the product are well resolved. The Comparison between Toyota and Nissan experiences In comparing both experiences from Toyota motor corporation and Nissan Motor Corporation and rating both skills on a scale of five, regarding reliability, Toyota scores five while Nissan earns three. The reason being that the Toyota Company takes into consideration the clients needs for a reliable transportation by ensuring that their brand is of outstanding quality. The Toyota model is also credible because its power dependability is higher than that of a Nissan model. Furthermore, Toyota brands are safer than Nissan brands since Toyota has a safety pic+ due to its advanced technology while Nissan has a safety pic (Arkadan, Macdonald Wilson, 2017). When it comes to fuel consumption, the Toyota rates higher compared to Nissan. The use of less fuel improves the ability of a buyer to save on maintenance cost of a vehicle which in turn improves the strength of the client to save more money thus achieving their set goals. The Nissans fuel consumption is high as Toyota is more advanced when it comes to the manufacturing of hybrid automotive. Customer care practiced in both Toyota Company and Nissan Company differs. The Toyotas ratings are higher since the care manager shows efficiency in attending to the clients and ensures that the customer receives the utmost care during their services and is certified when the service comes to an end. However, the customer care services experienced in dealing with the Nissan automotive does not yield the same result. The client is left uncertified and disappointed. The care manager displays little or no concern while dealing with clients during transactions. The customer, therefore, develops distrust and dislike of the brand. The trades made under Nissan take longer than expected and yield no excellent result. On the other hand, transactions and complaints made to the Toyota Company take the shortest time possible before addressing them through the right channels before giving the customer feedback (Edverdsson, 2014). In considering the above, the Toyota motor corporation is better than the Nissan motor corporation a Toyota scores high in cost-saving, reliability concerning fuel consumption, reliability concerning quality, durability, safety pic, power dependability, maintenance cost, advanced technology, and customer care experience. Conclusion In conclusion, the positive and negative customer experience equally depend on the customers expectation of what the end product should be or what they want. A poor customer experience has a direct impact on the products that are perceived to be of poor quality by the client. By having an excellent customer experience, a buyer develops loyalty to the product they associate to be a poor customer experience. Companies should ensure they offer excellent service delivery to have a positive feedback from their clients during the products and customer experience reviews. Reference Arkadan, F., Macdonald, E. K., Wilson, H. N. (2017). Customer Experience Management Practices: A Systematic Literature Review. In Creating Marketing Magic and Innovative Future Marketing Trends (pp. 1361-1361). Springer, Cham. Edvardsson, B. (2014). Striking the Right Balance: How to Design, Implement, and Operationalize Customer Experience Management Programs. In Managing Consumer Services (pp. 69-89). Springer International Publishing. Fujiwara, K., Nagasawa, S. Y. (2015). Relationship between Purchase Intentions for Luxury Brands and Customer Experience: Comparative Verification among Product Categories and Brand Ranks. Science Journal of Business and Management, 3, 1-10. Grayson, K., Grayson, K., Freeman, E., Freeman, E. (2017). Royal Reels: Enhancing the Customer Experience for Slot Machines and Beyond. Kellogg School of Management Cases, 1-14. Homburg, C., Jozic, D., Khnl, C. (2013). Customer Experience Management. IMU Research Insights, 19. Peppers, D., Rogers, M. (2016). Managing Customer Experience and Relationships: A Strategic Framework. John Wiley Sons. Raju, J. K., Walavalkar, D. (2017). Customer Experience Management-the Mantra for Success. Ushus-Journal of Business Management, 5(1), 1-8. Zolkiewski, J., Story, V., Burton, J., Hunter-Jones, P. (2017). Strategic B2B customer experience management: the importance of outcomes-based measures. Journal of Services Marketing, 31(2), 172-184.

Sunday, April 19, 2020

Romeo And Juliet Story Essays - Characters In Romeo And Juliet

Romeo And Juliet Story Romeo and Juliet, said to be one of the most famous love stories of all times, is a play anchored on time and fate. Some actions are believed to occur by chance or by destiny. The timing of each action influences the outcome of the play. While some events are of less significance, some are crucial to the development of this tragedy. The substantial events that inspire the conclusion of Romeo and Juliet are; the Capulet ball, the quarrel experienced by Tybalt and Romeo, and Friar John's plague. A servant to Capulet, who is incapable of reading the list of guests, asks for Romeo's assistance. Romeo notices that Rosaline, his lover, is among these names. Benvolio challenges Romeo to compare her with other "beauties." Benvolio predicts, "Compare her face with some that I shall show,/ And I will make thee think thy swan a crow." (I, ii, l 86-87) To show his appreciation, the servant asks for Romeo's presence at the ball. Romeo should have considered the servant's warning; if Romeo occupies the name of Montague, he shall not be permitted. Once at the ball, Romeo is searching for a maiden to substitute the unrequited love of Rosaline. Romeo happens to gaze upon Juliet, who charms Romeo. Romeo proclaims, " Did my heart love till now? Forswear it, sight!/ For ne'er saw true beauty till this night." (I, v, l 52-53) Since Romeo declares his love for Juliet, she feels the attraction also. They believe that they are in love and must marry. However, it is a genuine coincidence that Romeo and Juliet were at the same place, at the same time. Some days after the ball, Benvolio and Mercutio are conversing, in regard to the quarrelsome weather. Benvolio declares, "The day is hot, the Capulets abroad,/ And if we meet we shall not ?scape a brawl,/ For now these got days is the mad blood stirring." (III, i, l 2-4) At this point, Tybalt, who has challenged Romeo because of his appearance at the masquerade, enters, seeking Romeo. On Romeo's behalf, Mercutio struggles with Tybalt, while Romeo, who is filled with love for his new cousin, tries to end their boldness. Before escaping, Tybalt plunges his sword into Mercutio, causing death to fall upon him. Mercutio blames Romeo and the feud for his fate. Romeo kills Tybalt, who taunts Romeo, upon his return. Romeo fears he will be condemned to death if he does not flee before the arrival of the Prince. Benvolio recalls the events that have happened,with some embellishment. The Prince declares: And for that offence/ Immediately we do exile him hence./ I hav an in your hate's proceeding,/ My blood for your rude brawls doth lie a-bleeding;/ But I'll amerce you with so strong a fine/ That you shall repent the loss of mine./ I will be deaf to pleading and excuses;/ Nor tears nor prayers shall purchase out abuses;/ Therefore use none. Let Romeo hence in haste,/ Else, when he's found, that hour is his last./ Bear hence this body and attend our will./ Mercy but murders, pardoning those that kill. (III, i, l 185-195) Due to the disturbance of Verona's street and the losses of Tybalt and Mercutio, the Prince must penalize Romeo. However, the Prince agrees that Romeo was acting in self defense. Juliet, who desires not to wed Paris, asks for Friar Laurence's assistance. The day before the wedding, Juliet is to drink the poison, which will make her appear to be dead. In forty two hours she shall awake, with Romeo by her side. Romeo will then bring her to Mantua with him. In the meantime Friar Laurence will convey a message to Romeo in Mantua, telling him the plot. When she gains consciousness, Romeo and Friar Laurence will be there. Friar Laurence says, "Shall Romeo by my letters know our drift,/ And hither shall he come; and he and I/ Will watch thy waking" (IV, i, l 114-116) Following Juliet's intake of the poison, Romeo is anticipating news from Verona. Balthasar, a servant to Romeo, tells Romeo that Juliet has passed on. Romeo, who is told there are no letters from the friar, seeks a way to accomplish his suicide. Meanwhile, Friar Laurence, confronts Friar John, who was to deliver the letter to Romeo. Friar John informs Friar Laurence that he was seeking another Franciscan, who was visiting the sick, to accompany him to Mantua. He says, "Suspecting that we both were in a house/ Where the infectious pestilence did reingn,/ Seal'd up the

Saturday, March 14, 2020

The Confederate Truths

The Confederate Truths Free Online Research Papers The enormous impact of the Civil War on our nation will probably never be determined, but would never have been possible without the courageous stand of the Confederate States of America against invading Union forces. The independence of the Confederate States commenced by the withdrawal of the State of South Carolina from the Union of the United States. The ordinance of secession was passed on December 20, 1860 by a unanimous vote. The withdrawal of South Carolina from the Union was followed successively by the states of Florida, Mississippi, Alabama, Georgia, and Louisiana. A convention of delegates from these six seceding states assembled in Congress at Montgomery, Alabama, to organize a Provisional Government, on the 4th day of February 1861, where they drafted a constitution for the Confederate States of America (Clarke 3). Many different efforts were made to save the Union and prevent a war. Some believed the Constitution did not allow the North to take an action against the South. An amendment was even passed saying Congress could never interfere with slavery in the states, but it was not ratified by the necessary number of states and was forgotten when the Civil War began. The existence of slavery was the central element of the conflict between the North and South. Other problems existed that also helped lead up to succession. It appears that the only way for the war to have been avoided was to abolish slavery, but this could not be done because slavery is what kept the South alive and running. Lincoln argued that people who were in opposition, or divided against themselves, could not stand, thereby making it impossible for government to endure permanently with the states divided in half. Therefore, because there were two opposing regions or societies and slavery could not be abolished, the Civil Wa r was inevitable (Clarke 4). The Hon. R. M. Barnwell, of South Carolina, was appointed temporary chairman. Forty-three men of these six southern states adopted the Constitution of the Confederate States of America on Friday, February the 8th. The following day, Congress proceeded to the election of President and Vice-President. Jefferson Davis, of Mississippi, President, and Alexander H. Stephens, of Georgia, Vice-President, were elected by unanimous vote. They were sworn in on February 18, 1861 (Clarke 13). Davis, who had been elected President, actually wanted to be appointed General in the Confederate Army. He was a graduate of West Point, fought as a Colonel of Mississippi Rifles in the Mexican War, and was Secretary of War. He was pleased, however, when he was informed that he would be the President of a fledgling nation. When Davis had attended West Point, he had clearly read in his textbooks, that any state had the right to secede. However, before leaving his U.S. Senate seat, he wanted to compromise. Dav is knew that if the South declared independence, a war was immanent. Davis pointed out that the South was not the first to consider secession. The states composing New England had three times considered secession. Once during the War of 1812, once during the admission of Missouri as a slave state, and once with the admission of Texas into the Union. Therefore, he rationalized that secession was legal. (Clarke 24). â€Å"On February 1st, 1861, the State of Texas declared her independence by withdrawing from the Union, and uniting herself with the new Confederacy. Virginia, Tennessee, Arkansas, North Carolina, and Missouri also resumed their original sovereignty, and were admitted into the Confederacy.† (Clarke 18). Jefferson Davis, in his inaugural address, stated simply that, â€Å"All we ask is to be left alone† (Clarke 27). By April, the tension between the Union and Confederacy had become too great. When Major Anderson refused to surrender Fort Sumter in Charleston harbor, the Confederate harbor guns opened fired. In the siege, the only casualty was a Confederate horse. It was a bloodless start to a very bloody war. â€Å"Invoking his states Revolutionary motto, Sic Semper Tyrannis, a young Virginia officer filled letters to his mother with comparisons of the Norths war of subjugation against the South to Englands war upon the colonies† (Clarke 78). He was confident that the Confederacy would win the â€Å"second War for American Independence† because â€Å"Tyranny cannot prosper in the nineteenth century against a people fighting for their liberties.† (Clarke 9). Most southerners who volunteered to fight felt this way. As a Confederate officer wrote they were not only fighting for their freedom, but for their relatives and descendants because they strongly believed in that they had the right to secede and that their constitution was stronger than the Union’s. Therefore, the average Confederate soldier believed that he was fighting for his rights, independence, his family and ultimately to protect his homeland form what many Southerners now considered to be a foreign nation. Until the emancipation proclamation was issued in 1862, the Union was fighting for just that, the Union. When Lincoln issued his proclamation, it outraged many officers in the Union army (Clarke 17). Most Southern soldiers did not care about slavery one way or the other. Only the elite planter and politician class cared at all about retaining their slaves. (Clarke 45). They viewed the proclamation with contempt. It freed only slaves in the Confederacy, not in the bo rder states of Maryland or Kentucky. Later, Lincoln by his own admission proclaimed that his proclamation at the time carried no weight. (Clarke 17). Indeed, the Confederate constitution made slavery legal in the South, but it declared the further importation of slaves from foreign countries (the U.S. included) to be illegal. So how do we know that most Confederates did not fight just for slavery? They wrote letters, kept diaries, and they were encouraged to write them. A misnomer is that Civil War soldiers were illiterate. However, the armies of the Civil War were the most literate in history up to that time (80 percent of Confederates, and 90 percent of white Unionists) and consisted mainly of volunteers rather than draftees or long-service regulars (Clarke 34). Only one in fifteen of all Southern whites ever owned a slave. Overall, there were fewer than 350,000 Southern slave-owners. However, there were some 600,000 soldiers in the Confederate Armies (9 out of 10 free white males ). Therefore, if all slave owners were in uniform- and certainly they were not- this still leaves several hundred thousand soldiers with no personal interest in slavery but rather in states’ rights and the concept of the Confederate constitution (Clarke 9). With losses between 20 and 30 percent in large engagements, the south needed a better system for recruiting, training, and arming its soldiers. By late 1862, the Confederate Congress authorized and approved the National Conscription Act. It stated that all male citizens between ages 18 and 35 had to enlist in the Confederate Army. This outraged many southerners. They were upset at the fact that they were fighting for liberty, and it was their choice to fight, or not. In the mountainous regions of Eastern Tennessee, North Georgia, and Western North Carolina, protest to the draft was significant. Many in these regions had opposed secession in the first place, and were not about to be told they had to fight for something they did not believe in. In addition, there were two clauses in the draft that upset many southerners; first, a planter owning more than 20 slaves was exempt from serving. While this was a small minority in the country, it was a large majority in the Confederate Congres s; Second, there was a Substitution clause that stated that one could get someone else to take ones place. Many soldiers now declared that the war was â€Å"A rich mans war, a poor mans fight.† (Clarke 129). However, the draft served its purpose. Many southerners looked upon a draftee as being a coward. Therefore, with the passing of the draft, the volunteer rate soared. Many men volunteered instead of waiting to be drafted. The draft worked, and by 1863, the Confederate armies were as large as they would ever be. Even when the war took a turn for the worst after Gettysburg and Vicksburg, the armies kept fighting. â€Å"Outnumbered, underfed, and poorly equipped, they withstood one of the worlds most powerful military forces for four years of the bloodiest warfare ever raged in the Western Hemisphere. The concepts of southern nationalism, liberty, self-government, resistance to tyranny, and other ideological purposes (were) a concrete, visceral form: the defense of home and hearth against an invading enemy.† (Clarke 18). To stay alive, the South also pursued an aggressive foreign policy throughout the war. â€Å"There is no doubt,† said William E. Gladstone, Britains Chancellor of the Exchequer, â€Å"that Jefferson Davis and other leaders of the South have made an army; they are making, it appears, a navy, and they have made what is m ore than either- they have made a nation. We may anticipate with certainty the success of the Southern states.† (Clarke 128). The South pursued a policy that stated that â€Å"Cotton was King†, and that Europe could not live without it. Surely, they thought, Britain or France, or both would intervene on behalf of the Confederacy. It never happened. Britain and France, while sympathetic to the Southern cause, did not have the backing of the working class of their nations and at best could only help the Confederacy get around the blockade. The War between the States was the defining point of the last century, and we still feel its affects today. Civil War re-enactors live like, and fight like our ancestors. African Americans fight on both sides, just like in the war. Over 50,000 of free blacks- 12% of the Confederate Army- took up arms in defense of their native south. While the number of African Americans that fought for the North is much greater than that of the South, the blacks in uniform in the North made up only 10% of its force. It is still an issue often overlooked by historians. The Confederacy fell to Union powers in 1865, with the surrendering of the armed forces and the capture and imprisonment of Jefferson Davis. â€Å"Were these things real?† wrote Sam Watkins, who fought in the First Tennessee from the beginning of the war until its end. â€Å"Did I see those brave and noble countrymen of mine laid low in death and weltering in their blood? Did I see our country laid waste and in ruins? Did I see soldiers marching, the earth trembling and jarring beneath their measured tread? Did I see the ruins of smoldered cities and deserted homes? Did I see the flag of my country, which I had followed for so long, furled to be no more unfurled forever? Surely they are but the vagaries of mine own imaginationBut, hush! I hear the approach of battle. That low, rumbling sound in the West is the roar of cannon in the distance. (Clarke 417). Th e enormous impact on our nation by the Civil War will probably never be determined, and would not have been possible without the stand of the Confederate States of America. Clarke, Whitford William. Volunteers in the Civil War. Rio Grande Press, Inc.: Sante Fe, 1971. Research Papers on The Confederate Truths19 Century Society: A Deeply Divided EraNever Been Kicked Out of a Place This NiceQuebec and CanadaThe Effects of Illegal ImmigrationPETSTEL analysis of IndiaTwilight of the UAWHip-Hop is ArtAssess the importance of Nationalism 1815-1850 EuropeCapital PunishmentComparison: Letter from Birmingham and Crito

Thursday, February 27, 2020

Identifying and Managing Risk Research Paper Example | Topics and Well Written Essays - 750 words

Identifying and Managing Risk - Research Paper Example The market risk is associated with the uncertainties in the areas of foreign exchange rate fluctuations, fluctuation of interest rates, fluctuation of stock prices and commodity prices. The market risk is managed by the use of interest rate swaps, options and future. The use of derivatives in financial market is important to hedge market risks. The risk management techniques are used to reduce the credit risk of the organization which occurs as a result of default of the counterparties. The credit ratings are used to assess the credit risk of organizations. The credit risk is reduced by limiting the exposure to the parties considered to be risky for repayment (Deventer,  Imai and  Mesler, 2013). The other credit risk management tools used are by the use of collaterals, periodic marking to the market, captive derivative subsidiaries and netting. Netting is a risk management technique through which the amount of cash owed by one party to another is reduced by the amount by the latt er to the former. There are various methods of netting which includes bilateral netting, multilateral netting, payment netting, cross product netting and close-out netting. Several types of derivatives like over the counter derivatives and credit derivatives are used to mitigate the exposure to credit risks. The types of credit derivatives include Total return swaps, Credit Swaps and Credit Options. Several authors have explained different financial risk management techniques that are widely used in the industries. Analysis: Comparison of financial risk management techniques A comparison of the financial risk management techniques explained by Kallman  to that of Cohen and Palmer is given below. Kallman explained that we should a clear idea of the nature of risks that need to be mitigated. According to Kallman, the risk exposures could be categorized into strategic risks, operational risks and economic risks. The strategic risks are the uncertainties that rise in the long term. Th ese may be quality risk, brand risk, etc. The operational risks are the uncertainties that occur within a single operating period as a result of the operations of the company. The economic risks are the areas of uncertainty created as a result of volatility in political and financial conditions (Kallman, 2007). These risk exposures are mainly due to the changes in macro and micro economic conditions. The economic risks take the form of interest rate risk, foreign exchange risk, etc. The risk exposures may be pure which results in a loss of values or speculative which may either result in a gain or loss. The popular risk management tools proposed by the author are risk surveys and checklist. The survey and checklist are important tools to build a risk register in the organization. Flowcharts of organizational process are useful in identifying the risks involved. After identification of risk, the risks are managed by risk management techniques that include statistical analysis, financ ial statement analysis and also personal inspection. The risk management techniques explained by Kallman could be compared to the risk management techniques explained by Cohen and Palmer. According to Cohen and Palmer, the

Tuesday, February 11, 2020

Strategic managment implementation, for the golar lng company Essay

Strategic managment implementation, for the golar lng company - Essay Example Floating Storage and Regasification Unit is a product of GolarLNG. According to their website, it is based on the conversion of an existing LNG carrier into a floating terminal that can be situated offshore or at a new or purpose-built jetty/pier. It will receive liquid natural gas (LNG) from offloading LNG carriers, and the onboard regasification system provides gas send-out through flexible risers and pipeline to shore. European imports rose 0.9 bcf/d, where Spain led by +0.5 bcf/d and Italy by +0.1 bcf/d. The entire shortfall was absorbed by the US with import s down 1.7 bcf/d year-on-year. In 2009, overall 22 countries were importing LNG. The imports are expected to grow by a large amount in the coming years. The Floating Storage and Regasification Unit have become really popular in the last few years. It is relatively a new concept, and Golar LNG is the first one in the world to deliver it. With this fact that they are the first one to introduce it, they have a competitive edge. With these advantages, Golar LNG has to market its service in a way that it maintains its market share in FSRU. They haven’t marketed their service greatly in order to attract and retain their customers. For this purpose, they need to create a proper marketing plan. Although this service does not have any specific customer. This service is for all the importers of LNG. But in order to start marketing, Golar has to cater to individual regions needs first. This marketing action plan will be the segment catering to the importers in Asia. The segment is made according to the demographics. The FSRU service is for providing ease and comfort to the importers, who would easily be able to import LNG with the help of these floating terminals. The Service is positioned to be inexpensive, yet having a highly advanced technology. Any kind of product or service needs marketing. In maritime industry, marketing is considered to be unimportant. But experts say that marketing is

Friday, January 31, 2020

Gay adoption Essay Example for Free

Gay adoption Essay Although courts have gone to great lengths to provide every child with one mother and one father, the realities of family formation and parenting are considerably more complex. Just a few years ago, most children grew up in a traditional or nuclear family, which refers to the conjugal household consisting of a husband, a wife, and their dependent children, whose relationships are traditionally recognized by family law. Today, fewer and fewer households are deemed traditional families. Societal changes have brought about the rise of alternative or non-traditional families which include group living, unmarried cohabitation and single-parent families, all of which are mutually interdependent households, but not, historically, so recognized by family law. Although these arrangements specifically same-sex couples appear to be distinct from the traditional family, they often embody and preserve the many values and functions of the traditional family, including support, loyalty, values, welfare, love and affection. Furthermore, many committed same-sex couples have and raise children. Nevertheless, for those living in these alternative arrangements, the law has not kept pace with these social evolutions. Moreover, in order for these individuals to assert any legal rights based on a family relationship, such as health insurance and inheritance benefits, they must first be acknowledged as a family member. Unfortunately, however, the law has made it overwhelmingly difficult for both male and female same-sex couples to be recognized as having a family relationship with concomitant legal rights and duties. The most permanent, binding way of becoming a non-biological parent is by adoption. Adoption is the legal proceeding, which establishes the legal relationship of parent and child between persons not already so related. Blood ties between adopter and adoptee are unnecessary. The adopted child is entitled to all privileges belonging to a natural child of the adoptive parents including the right to inherit, while the parent incurs the responsibilities of a parent with respect to the adopted person. In addition, as part of the process, the biological parents rights and responsibilities are terminated. As a general rule, either a married or unmarried person may undertake adoption and the requirements are generally the same in either case. In the former, however, its required either that the petition be made jointly or be consented to by the other spouse. The two basic requirements for someone trying to adopt are age and residence. The most commonly encountered age requirement is that the adopting parent be at least 21 years of age. Many statutes merely specify any adult or any person of lawful age, but the usual effect of this provision is as just stated.

Thursday, January 23, 2020

Benefits of the Weight Watchers Program Essay -- Health Nutrition Diet

Benefits of the Weight Watchers Program Weight Watchers is an excellent program to aid in weight loss and healthy eating. It is an easy, healthy, and effective method for losing weight and eating correctly. Weight Watchers has based their program on a point system, making it easy to follow by counting points assigned to foods. It promotes healthy eating habits by regulating serving sizes, which are set by the United States Department of Agriculture. In addition to promoting healthy eating habits, it offers support for people who might need it. The support, along with the eating plan, helps dieters lose weight and eat healthy. Weight Watchers is very easy to follow. This is because the program has allocated a point value to every food. The points are related to the amount of calories the food contains; the more calories a food has, the more points it is given. For example, one apple has one point. The dieter is allowed a certain number of points per day, therefore restricting the amount of calories from anywhere between 1200 and 1700. Depending o...

Tuesday, January 14, 2020

America is not a better country than it was in the 1950s

There are many people in the United States that claim the country is better today than it has ever been. The country has undergone two centuries of transformation, as people have increasingly gained more and more rights and freedoms, technology has made the lives of all Americans markedly easier, and its citizens have elected its first African-American president only a century after slavery ended. However, despite all this progress, it comes with a significant cost as people are forced to deal with threats like terrorism, unchecked scientific experimentation, and the dissolution of the American nuclear family.It seems that much of the current line of thought in the American public came during the social revolution of the 1960s, when sex, drugs, and rock and roll were used in conjunction with far more important social issues. The social rebellion of the 1960s, along with the unpopular war in Vietnam, gave way to the depressing decade of the 1970s, and the selfishness of the 1980s, whi ch still seem to have the public in its grasp in the quest for empty consumerism. For a look back at a time when America represented the ideals that country was founded upon, one would have to look all the way back to the 1950s.During this decade, America took its place as a respected world leader, family values were still strongly in place, consumerism and technology were used to advance the country and humanity in general, and while there were still threats to the safety and well being of American citizens, there were far fewer threats than each American is forced to deal with today. In evaluating the position of the United States in the world today, it is still a world leader. However, many of the events of recent years have only made the country a target of derision, criticism, and worse, even from its allies.In the 1950s, the world was still reeling from the horrors of the Second World War. America emerged from the turmoil as one of the world’s great superpowers, along w ith the Soviet Union. America was seen as the champions of democracy, responsible for allowing the Allies to win the war and bringing freedom and peace to millions around the world. However, much of this good will and power have been slowly eroded in the decades since, and almost completely removed after the events of the past decade.After the terrorist attacks on September 11, 2001, America had the good will and support of the entire world. However, poor leadership quickly led these same supporters to accuse America of being imperialistic and ignorant. President George W. Bush did little to help dissuade this view, and in fact contributed to America’s decline more than any president since Richard Nixon resigned in disgrace. Though the election of Barack Obama has brought a fair amount of good will back to America, the damage done by Bush is long and lasting.While Christian conservatives supported Bush, his personal beliefs seriously held up scientific discoveries in the way of stem cell research by refusing to support federal funding; he denied social advancements to people fighting for equal rights; he spearheaded a renewed campaign to take away women’s rights; he also was instrumental in creating a new paranoia over immigration, despite being the president of a country made of immigrants; and, the gap between the rich and the poor continued to grow until the country found itself poised on the brink of depression.But, his greatest shortcomings were concerning the war on terror, which needlessly expanded, and his flippant abuse of federal power concerning the privacy of U. S. citizens. For a president that used the word â€Å"freedom† so frequently, he did more than most presidents to take it away from his fellow countrymen. A man who avoided serving in Vietnam, Bush learned none of the lessons and started a war in Iraq that has been compared by many as the Vietnam War of this generation. For someone that touted simple American values and hard work, Bush and his administration did a great deal to hurt America and make it weaker.This is very different than the strong leadership of Dwight D. Eisenhower who used his military experience and knowledge to make sure that America remained strong and vigilant in the postwar world. Additionally, Eisenhower’s presidency also saw the emergence of a modern American system of strong family values that have all but disappeared in recent years. American family values have certainly fallen off since the 1950s, and things like divorce as well as drug use have grown to epidemic numbers.One of the key differences is the fact that couples are no longer staying together, divorce rates have gone through the roof, and the traditional nuclear family no longer seems to exist. According to an analysis of new census figures by The New York Times, married couples, whose numbers have been declining for decades as a proportion of American households, have slipped into a minority in the Uni ted States. The American Community Survey, released in October by the Census Bureau, found that 49. 7 percent, or 55. 2 million, of the nation's 111.1 million households in 2005 were made up of heterosexual married couples — with and without children — just shy of a majority and down from more than 52 percent five years earlier (Hurley). This trend shows that less and less heterosexual couples are choosing to get married, instead preferring to cohabitate and have children without marriage. These figures do not include divorce rates. In the United States, it is widely believed that one in two marriages will end in divorce, though these figures are debatable.This rate has since been revised downward to roughly 43% by the National Center for Health Statistics but was moved back up to around 50% by the Census Bureau in 2002. Most recently, according to the New York Times, it has been revised downward to just over 40% (â€Å"Divorce Rates†). This lower figure could b e due to the fact that less people are getting married, but it cannot be denied that in a society of increasing equality and civil rights, less people are getting and staying married than ever before.This is quite different than the 1950s, when the nuclear family was something that most people aspired to create: â€Å"Nearly all accounts of the 1950s stress the great importance attached to home, family, and children†¦ Indeed, widely read authors and commentators and well-known political leaders in the 1950s all extolled the virtues of a traditional family life. Women’s magazines published a steady stream of articles praising the homemaker and warning women of the perils of trying to combine marriage and childbearing with work outside the home† (Cherlin 35).Today, usually just to make ends meet, parents are often both forced to work, leaving very little room for the simple family activities that were so valued in the 1950s. This leads to a society that is increasin gly more isolated from each other and living with more fear and anxiety than ever before. This has also led to an increase in the amount of drugs that Americans consume, something which was virtually unheard of in the 1950s. The war on drugs was started in the 1980’s helped along by Nancy Reagan’s slogan, â€Å"Say no to drugs.† While this continues to apply to illegal drugs, in the years since Americans have answered with a resounding â€Å"yes† to legalized drugs. This displays how the war on drugs is not really how it sounds and is really a hypocritical creation. Drugs have become a part of the American fabric, and that is no more apparent than the recent explosion of popular legal drugs. Today, Americans use drugs to remedy everything from receding hairlines, to erectile dysfunction, to the boredom of everyday life.Federal regulations are strict in regards to advertisements of such legal drugs like cigarettes and alcohol, but not pharmaceuticals. Ads for various legal drugs seem to be all over the television, print media, and the internet. In America, the war on drugs could really be renamed â€Å"the war on drugs deemed undesirable by the government,† because there remain many, many potentially harmful and addictive drugs in the public marketplace. In 1998, Americans spent $66 billion on these drugs, including $39 billion on cocaine, $12 billion on heroin, $2.2 billion on methamphetamine, and $11 billion on marijuana (ONDCP). During that same year, Americans spent more than $120 billion dollars on legal drugs, not including the staples alcohol, nicotine, or caffeine, and this number has only continued to grow. And while America is fighting a war on drugs that was not even a concept in the 1950s, it is also fighting an open-ended war on terrorism. Few things show the differences between today and the 1950s as the state of international terrorism and the fear it invokes in people. Even in the 1950s, where the U. S.fought i n Korea and there was a constant threat of nuclear annihilation, the level of fear that American citizens felt during that decade pales in comparison to what it feels in the post-9/11 world. The entire country has been in a frightened and angry state, with the threat of terrorism going hand and hand with government intrusion, religious hatred, and economic failure. After the September 11, 2001 attacks, â€Å"fear of terrorism became something of a way of life for government, first responders, and many citizens, even though no additional attacks on the American mainland have occurred† (Smelser 124).The threat of terrorism has not only affected the American psyche, but it has also led to the deaths of thousands of American soldiers who are busy fighting the long wars in Afghanistan and Iraq. And, unfortunately, there appears to be no end in sight for either war, and casualties only continue to mount on both sides. Despite all the international turmoil that followed the Second W orld War, there was always stability and confidence in America.Now that the confidence is eroding, one can only hope that stability can continue to be achieved. The United States was far better off in the 1950s than the country is today. While it had the Soviet Union to contend with, there was hardly more fear than there is today over the faceless and suicidal terrorists that threaten the very fabric of everyday life. In addition to all the added fears, there are not even the traditional support systems to help alleviate any of the anxiety, as family values are at an all-time low.People are choosing to no longer get married and when they do get married, they are getting divorced at a pace that continues to grow each passing year. With the drug epidemic, war, moral decay, and fear in the current America, one can only think back on the simpler and more stable times that marked the 1950s. Works Cited: Cherlin, Andrew. Marriage, Divorce, Remarriage. Cambridge: Harvard University Press, 1981 â€Å"Divorce Rates. † Divorce Reform Page. 2009. Americans for Divorce Reform. 12 July 2009. . Hurley, Dan. â€Å"Divorce Rate: It's Not as High as You Think. † The New York Times. 19 April 2005. 13 July 2009. . Office of National Drug Control Policy. â€Å"What America's Users Spend on Illegal Drugs 1988– 1998. † ONDCP Publications. 4 March 2002. 13 July 2009. . Smelser, Neil J. The Faces of Terrorism: Social and Psychological Dimensions. New Jersey: Princeton University Press, 2007

Monday, January 6, 2020

The risks in the Securities Market - Free Essay Example

Sample details Pages: 5 Words: 1444 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? In the securities markets, both casual observation and formal research has suggested that investment risk is as important to investors as expected return. Formal research such as Capital Asset Pricing Model (CAPM) has demonstrated a strong correlation between risk and return in the securities markets. This paper will focus on the analysis of the theory: first to demonstrate how risk is priced by using such theory and its relations to expected return in the financial markets. Then a brief recap of the historical tests on CAPM and other alternative suggestions to the CAPM. CAPM- risk and return The model is based on mean-variance analysis, it assumes investors are risk averse and when deciding among group of assets they tend to choose mean-variance efficient optimal portfolios. This means that they face a tradeoff between risk and expected return: the portfolio is constructed in a way that either to minimize the variance for a given expected return or VICE VERSA to maximize expected return for a given variance. (Fama and French, 2004) It also suggests that the only relevant measure of a portfolio risk is the Beta, see more in later section. When investors can borrow and lend at the risk-free rate and also have homogenous expectations that is to say, all investors share the same view of the economic world and they analyze securities in the same way (p280, Bodie etc.2009), in terms of expected returns, standard deviation and correlations among asset returns(Sharpe 1964), thus, nobody thinks differently than another. The portfolios of risky assets held by each investor wi ll therefore the same and each obtain optimal portfolio, thus everybody holds the market portfolio as their optimal risky portfolio at M (Figure 1). Figure 1, all efficient portfolios should plot along the Capital Market Line (CML) and this new efficient frontier may change as risk-free rate or risk preference changes. (Somerville and OConnell, 2002). Here, we consider a standard position where portfolio B (Sharpe 1964) indicates a MORE RISK AVERSE INVESTOR and lends some of his funds at Rf and invest the rest in the market portfolio (M) which consists many risky assets, while portfolios C and D invested all the funds plus additional borrowed funds to M. All investors hold M; the capital market must in equilibrium. This is known as the Tobins Separation Theorem (Somerville and OConnell, 2002). Figure.1. The efficient frontier when risk-free borrowing and lending allowed. New efficient frontier-CML Risk here has two components: systematic or unsystematic and its measured by standard deviation ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢. The efficient portfolios along CML contain zero unsystematic risk and only carry the systematic risk. Thus, only efficient portfolio plot on CML and inefficient portfolio do not. i.e., portfolio C is efficient, D is inefficient. Consider portfolio C with risk as follow (p248 Bodie etc.2009): ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢C = ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²CÃÆ' Ãƒâ€ Ã¢â‚¬â„¢M + ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢eC Total risk = Systematic risk + Unsystematic risk Since portfolio C is efficient, thus unsystematic risk becomes zero: ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢eC =0 and it contains only systematic risk which cannot be eliminated through diversification: ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢C = ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²CÃÆ' Ãƒâ€ Ã¢â‚¬â„¢M. Whereas portfolio D is inefficient, thus unsystematic risk is not equal to zero: ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢eD ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã‚ °Ãƒâ€šÃ‚   0, which means firm`s specific risk cannot be fully diversified. However, both portfolios offer the same expected return: this implies unsystematic risk is not priced in CAPM, which means there is no additional return for bearing unsystematic risk because it can be eliminated through diversification. Thus, in a fully diversified portfolio only systematic risk remains. The earlier measure of risk by using standard deviation ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢, it is an absolute measure of risk but we need a measure just for the systematic component in this case, thus, ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢ becomes invalid. The appropriate measure is beta ÃÆ'Ã… ½Ãƒâ€šÃ‚ ², where ÃÆ' Ãƒâ€ Ã¢â‚¬â„¢ in figure1 will also replaced by ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² and CML too, will be replaced by the Security Market Line (SML) Figure 2 below. (Copeland and Weston, 1993). Don’t waste time! Our writers will create an original "The risks in the Securities Market" essay for you Create order Figure.2. New efficient frontier SML and risk measure ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² when only systematic risk is priced in CAPM. Portfolio C D (Figure 2) will have the same beta and offering the same expected return, but will not have the same standard deviation as C contains only systematic risk, whereas D contains both systematic and unsystematic risks. The market portfolio M (consists many risky assets) corresponds of beta of one, since beta measures the extent to which returns on the risky assets and market move together (p281 Bodie ect.2009) Portfolio C D lie above M, they must have beta greater than one, which means they are riskier than market index. Portfolio B is just the vice versa of C D. Rf has a beta of zero because its a guaranteed return. Since investors all hold the market portfolio, and its expected return is determined by only one factor of risk (ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²). Then, expected return on any assets i becomes a function of beta, risk free return and market return: Wher e , is the market beta premium and this beta premium is positive meaning the expected return on the market portfolio exceeds the expected return on assets whose returns are uncorrelated with the market return. (Fama, French, 2004) So far, the CAPM tells us size of risk/return tradeoff and prices of risk, it bears only systematic risk ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² give a return, since unsystematic risk is not priced. The higher the beta the higher must be equilibrium expected return, thus relationship between expected return and beta is linear as shown in figure 1. It also suggests that if beta is zero, the expected return is the risk-free rate. CAPM- shortcomings CAPM fails empirical tests in definite, first, many of the CAPM assumptions were considered to be too simple and unrealistic (Fama French (2004). It says all investors hold the same market portfolio of risky assets, Perold (2004) has pointed out in fact they do not, since taxes alone will cause investors to behavior differently. Number of earlier tests such as Black, Jensen and Scholes (1972), Miller and Scholes (1972), and more recent Fama and MacBeth (1973), Fama and French (1992) has rejected the notion of a positive relation between beta and average return. Their results show CAPM tends to be over/under predicts the actual returns: The returns on the low beta portfolios are too high, and the returns on the high beta portfolios are too lowÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ (Fama, French, 2004). The one factor ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² determines the market return was also rejected later, such as earning price ratio (Basus, 1977), firm size effect (Banz 1981), ratio of book value to market value ( Statman 1980, etc), all these factors are associated with returns too. (Fama and French, 2004). The CAPM has been extended in many different versions because its imperfectness including those mentioned above. E.g.: Perolds (2004): risk-free rate borrowing and lending disallowed (Black, 1972); extensions to international investing (Solnik, 1974) along with these, the well known one is the Arbitrage Pricing Theory -APT. (Ross, 1976). Similar model to CAPM but APT returns are determined by not one beta, instead a multi-beta expression and its not based on notion of mean-variance, or market portfolios. (p176 Copeland and Weston, 2004.) Rather its based on the law of one price: two items that are the same cannot sell at different prices (p325, Bodie etc.2009). Otherwise an arbitrage opportunity will rise. The E(R) of APT is a function of several factors and each with its own beta (p176 Copeland and Weston, 2004.). The APT model is more general in a sense 1) many factors used to measure risk 2) unspecified factors: it can be inflation, dividend yield, firm size, etc. CAPM is a special case of the APT 1) one factor market risk premium 2) known risk/return tradeoff- how to measure /price risk. (p188 Copeland and Weston, 2004.). This multi-factor model is significant and empirical tests such as Roll and Ross (1986), suggested that CAPM can be rejected in favor of APT. Conclusion The traditional financial theories like CAPM/APT enable us to price risky assets in the securities markets. CAPM defined risk as ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² and it remains a valid measure of risk in the financial filed today. Its linearly relating to expected return and trade-off between return and risk is positive, these important concepts are also considered to be useful as it allows further research and improvement in the financial theory developments such as the APT. Also Sharpe (1964) used the underlying factors of the traditional CAPM to examine capital assets individually and was able to show results that are consistent with the traditional concept. The traditional financial theories therefore, offer a foundation of understanding and educational insights to the financial markets. Neither CAPM/APT are perfect or free of testing problems, more importantly both have shown value in asset pricing and provided a logic framework for the portfolio management: for that risk and return are s uch fundamental concepts in the financial markets (Varian 1993). Both models are still a useful tool for portfolio selection and evaluation, risk management and capital budgeting. (Copeland Weston, 2004).